China Ecotourism completes exchange of convertible bonds

China Ecotourism Group Limited announced the successful completion of the exchange of its outstanding convertible bonds into new bonds following an electronic consent cut-off on July 4, 2025. Bondholders representing over 90% of the principal amount of the new Option 1 bonds voted in favour of the Extraordinary Resolution, leading to its passage. Consequently, all the New Option 1 Bonds have been cancelled and marked down. The outstanding principal amount of the bonds, along with accrued interest, was exchanged for new bonds on the settlement date of July 9, 2025.