China South City Holdings Limited announced that it is soliciting consent from (i) the Holders as of the Record Date to amend the April 2024 Notes Indenture, the June 2024 Notes Indenture, the July 2024 Notes Indenture, the October 2024 Notes Indenture and the December 2024 Notes Indenture, respectively and (ii) the Holders of the Notes as of the Record Date to certain proposed waivers of certain terms of the Indentures, in the manner more fully described in the Consent Solicitation Statement sent to the Holders at the Launch Date, which is summarized under the section headed "Consent Solicitation" in this announcement. The principal purposes of the Consent Solicitation are (1) to improve our liquidity and cash flow management by extending the maturity and lowering the interest rates of the Notes and implementing the payment of the principal of the Notes in instalments and (2) to provide us with additional time to cure the November Interest Non-Payment (as defined below) by providing a waiver until 19 July 2024 and of all past defaults that arose as a consequence of it, among other matters.