Agile Group: Offshore Debt Restructuring Plan Officially Approved, Effective Date Confirmed

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On the evening of March 16, Fantasia Holdings Group Co., Ltd. (hereinafter referred to as “Fantasia”) announced that the company’s proposed offshore debt restructuring plan has made significant progress. Both the Hong Kong Court and the Cayman Islands Court issued approval orders on March 12, 2026, officially approving the company’s Hong Kong plan and Cayman plan. Currently, copies of the stamped approval orders have been submitted to the Registrar of Companies in Hong Kong and the Cayman Islands for registration. The plan’s effective date has been officially set for March 13, 2026, in accordance with each plan’s terms. The restructuring’s effective date will also occur once all restructuring conditions are met or waived.

An insider from Fantasia stated that the plan’s effective date marks the upgrade of the restructuring plan from a “negotiated scheme” to a “legally binding document,” which will have a general binding effect on Fantasia, all creditors, and related parties. On one hand, the two restructuring plans have received legal recognition and protection, making them enforceable against all creditors (including dissenters), effectively preventing individual objections or delays that could increase restructuring costs, thus ensuring the legality and fairness of the process. On the other hand, the approval of each plan also provides more reliable protection for creditors’ rights. By offering multiple repayment options, the plans carefully consider the needs and risk preferences of different creditors, demonstrating Fantasia’s high regard and responsible attitude toward creditor rights.

The insider added that once the plan takes effect, it will become a legally binding document for all creditors. In the next phase, the company will continue to improve subsequent procedures to complete the restructuring transaction, including but not limited to shareholder approval of relevant resolutions, regulatory approvals, and the issuance of new stocks and notes.

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