China South City restructuring continues amid share trading suspension

China South City Holdings Limited announced that trading in its shares remains suspended on The Stock Exchange of Hong Kong Limited, effective from 10:55 a.m. on Monday, 11 August 2025, and will continue until further notice. This follows a previous announcement regarding the status of the group's onshore operations and the exploration of a holistic restructuring solution.

The liquidators are actively assessing the group's financial condition and the viability of a potential holistic restructuring concerning the company's offshore indebtedness. Their work is ongoing, with a focus on formulating a proposal for key creditors and stakeholders. The liquidators remain open to all potential options and encourage prospective investors to contact ProjectCompassFTI@fticonsulting.com for solutions.

The liquidators are also engaging with the management of the company's PRC subsidiaries to maintain operational stability, which they deem critical for a successful restructuring. However, the implementation of any holistic restructuring is subject to uncertainties, and shareholders and investors are advised to exercise caution.