Xijiao International (01765.HK) announced that, regarding overseas debt restructuring, after considering the current financial situation and feedback from identified creditors, the company has formulated preliminary terms for proposed restructuring, in order to discuss further with its creditors.

As for the related bonds, the expected method of repayment for outstanding debts include initial cash repayment of a considerable portion of the outstanding amount, which will be funded by the company's fund-raising activities; the repayment responsibility for the remaining debt will be paid through the sale of certain company assets and/or raising other financing resources in the future.

The company emphasizes its commitment to fully repay all creditors and has no intention to deduct the outstanding amount of related bonds. Currently, the company is still in negotiations with creditors regarding the specific terms of the proposed restructuring. The company reiterates its determination to implement the proposed restructuring in order to ensure long-term development, safeguard the interests of all stakeholders, and treat all creditors fairly.

Xijiao International opened high today (18th) with a 14.8% increase to 0.225 yuan and rose as high as 0.245 yuan in early trading, currently reporting at 0.232 yuan, up 18.37%, with a turnover of 87.568 million shares, involving 20.3532 million yuan.