reels123| Baolong Real Estate (01238.HK) disclosed the progress of the restructuring: plan creditors with more than 88% of the total outstanding principal of the debt have signed restructuring support agreements

Glonghui April 28 丨 Baolong Real Estate (01238reels123.HK) announcedreels123, at the deadline for agreeing fees (i.e., 5:00 pm on April 26, 2024 (Hong Kong time)), the total outstanding principal amount of the debt within the holding range is more than 88%reels123Plan creditors have signed reorganization support agreements.

The company hereby announces that a hearing will be held on the plan, and will seek an order from the High Court of the Hong Kong Special Administrative Region of the People's Republic of China (the "Court") to convene a plan meeting so that plan creditors can review and, as appropriate, approve the plan (whether or not revised); the court hearing is scheduled to be held at 10:00 a.m. on July 18, 2024 (Hong Kong time).