China SCE outlines US$2.3 billion offshore debt restructuring plan with creditor options

• China SCE Group outlined restructuring plan covering In-Scope Debt of about USD 2.27 billion as of Dec. 31, 2025.
• Scheme creditors holding about 78% of outstanding In-Scope Debt principal had signed restructuring support agreement as of Nov. 20, 2025.
• Option 2 consideration includes up to USD 1.05 billion zero-coupon mandatory convertible bonds, convertible at HKD 1.6 per share over 18 months.
• Plan also provides for issuance of up to 1,696,787,468 new shares at HKD 1.6 per share.
• Board will seek shareholder approval to raise authorized share capital to HKD 1.2 billion from HKD 1 billion, creating 2,000,000,000 additional shares.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China SCE Group Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260413-12103945), on April 13, 2026, and is solely responsible for the information contained therein.