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China Singyes Solar Technologies Holdings Limited
中國 興 業太 陽 能 技術 控 股 有 限公 司
(incorporated in Bermuda with limited liability)
(Stock Code: 750)
UPDATES ON PROPOSED OFFSHORE DEBT RESTRUCTURING
CONTINUED SUSPENSION OF TRADING
This announcement is made by China Singyes Solar Technologies Holdings Limited (the "Company") pursuant to Rule 13.09(2) of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).
Reference is made to the announcement of the Company dated 19 July 2019 in relation to the restructuring support agreement (the "Announcement"). Capitalised terms used in this announcement shall bear the same meanings as those defined in the Announcement unless the context requires otherwise.
The board of directors of the Company is pleased to announce that holders holding approximately 98.4% of the aggregate outstanding principal amount of the Offshore Notes had acceded to the RSA by the Consent Fee Deadline (i.e. 5:00 p.m. Hong Kong time on 9 August 2019). The Company encourages the remaining bondholders to accede to the RSA which would remain open for accessions until immediately before the Record Time.
The Company will keep the shareholders and potential investors informed on the progress of the Proposed Restructuring as and when appropriate.