Fantasia offshore debt restructuring scheme takes effect after Hong Kong, Cayman court sanctions

• Fantasia set 15 May 2026 extraordinary general meeting to seek shareholder approval for offshore debt restructuring equity issuances.
• Plan includes issuance of 5,143,723,515 Scheme Creditor Shares at HK$ 1.52 per share, conditional on restructuring effective date.
• Company also proposed USD 501.18 million zero-coupon mandatory guaranteed convertible bonds due 2027, convertible at initial HK$ 1.52 per share.
• Restructuring package includes 3% guaranteed and secured notes due 2031 and 3% guaranteed and secured notes due 2034.
• Fantasia also proposed capitalizing RMB 1.21 billion shareholder loans via issuance of 4,376,483,544 new shares, alongside increase in authorized share capital and 5-for-1 share consolidation effective 3 Aug 2026 if approved.

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. Fantasia Holdings Group Co. 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-20260429-12136867), on April 29, 2026, and is solely responsible for the information contained therein.