Shunfeng International advances debt restructuring with creditor support

Shunfeng International Clean Energy Limited (SFCE) announced progress in its debt restructuring, with major creditors, including APRDIL, Peace Link, CMBC, and Sino Alliance, verbally supporting a Scheme of Arrangement. These creditors have also signed letters of support for the company's Debt Restructuring Plan and opposing immediate winding-up orders. Rainbow Fort Investments Limited further confirmed it would not oppose a three-month adjournment of the Petition hearing.

The company formally engaged Fortune Ark Restructuring Limited as its financial advisor in late August 2025 to develop a Debt Restructuring Plan. Fortune Ark has begun drafting the "Principal Terms" of the restructuring, expected to align with previous discussions and consensus reached with major creditors.

SFCE filed an affirmation with the High Court on August 18, 2025, aiming to secure agreement on the Principal Terms of the Debt Restructuring Plan by the end of September 2025. The company anticipates setting a convening hearing date for the fourth quarter of 2025.