Sino-Ocean Group subsidiary faces bond repayment adjustment

Sino-Ocean Group Holding Limited (HKEX: 3377) announced that its subsidiary, Beijing Sino-Ocean Group Holding, publicly issued "H21 Sino-Ocean 1" corporate bonds in April 2025 and held a bondholders' meeting where resolutions were approved to adjust the arrangements for repayment of principal and interest. As a result, Sino-Ocean Holding will repay 0.3% of the outstanding principal of the bonds within 30 trading days following the resolution's approval. A 30-day grace period applies to the principal and interest repayment, and full payment or a waiver obtained during this period will prevent a default. The company acknowledges ongoing liquidity constraints and states that it is actively seeking funds to address debt obligations while safeguarding investor rights. Further announcements regarding these efforts will be made as required.