Gelonghui, January 2nd丨RUIFENG RENEW (00527.HK) announced that due to the time required to meet their respective preconditions being longer than expected, including but not limited to the approval of necessary resolutions at the special general meeting by independent shareholders/Shareholders to approve the share subscription agreement and the convertible bonds subscription agreement, as well as the proposed Trade and cleansing waiver under these agreements, the company has signed supplementary agreements on December 31, 2024, with subscriber A Holdings, subscriber B, and subscriber C to extend their respective deadlines.

Due to the need for more time than expected to obtain the relevant approval, on December 31, 2024, the company signed a second supplementary framework agreement regarding the Equity Transfer framework agreement with the seller, whereby the parties agreed to further extend the termination date of the Equity Transfer framework agreement to June 30, 2025 (or another later date agreed upon by the company and the seller).

In addition, the company has applied for resumption of trading of its shares on the Hong Kong Stock Exchange at 9:00 AM on January 3, 2025.