Quanergy Systems, Inc. filed a first amended plan of reorganization with related disclosure statement in the US Bankruptcy Court on September 21, 2023. As per the plan filed, GUC Settlement Claims shall receive its Pro Rata share of GUC Settlement Claim Distribution. Quanergy Systems, Inc. filed a modified amended plan of reorganization with related disclosure statement in the US Bankruptcy Court on September 29, 2023.

As per the plan filed, secured claims are of $0, priority non-tax claims are of $0.03 million, general unsecured claims are of $12.58 million - $13.84 million with expected recovery of 8.5%- 10.3%. GUC Settlement Claims are of $10.03 million. Quanergy Systems, Inc. filed the solicitation version of the modified amended plan of reorganization with related disclosure statement in the US Bankruptcy Court on October 2, 2023.

As per the plan filed, GUC Settlement Claims shall receive its Pro Rata share of GUC Settlement Claim Distribution.