Powerlong controlling shareholder to dispose of stake in debt restructuring

Powerlong Real Estate Holdings Limited, the controlling shareholder of Powerlong Commercial Management Holdings Limited, announced a restructuring support agreement on October 10, 2025, for its offshore indebtedness. This restructuring may include the disposal or pledge of Powerlong Commercial Management's shares by Powerlong Real Estate to fund a total cash amount of $40 million.

Additionally, the restructuring could involve the transfer of Powerlong Commercial Management shares to scheme creditors, representing up to 32.4% of the outstanding shares. Currently, Powerlong Real Estate holds approximately 63% of the company's outstanding shares, totaling 405,000,000 shares, through a wholly-owned subsidiary.

The company does not anticipate any adverse effects on its operations or subsidiaries from the Powerlong Real Estate restructuring. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares.