Powerlong Real Estate Holdings Limited announced that its debt-restructuring plan—referred to as the “Scheme” under the company’s Holistic Solution—has secured final court approval and is now effective as of 22 June 2026.

The High Court of Hong Kong sanctioned the Scheme on 17 June 2026, issuing a Sanction Order that was registered with the Registrar of Companies on 22 June 2026. Registration of this order marked the formal occurrence of the Scheme Effective Date.

Key conditions for effectiveness were fully met: 1. Approval by a simple majority of Scheme Creditors representing at least 75% in value of voting claims. 2. Court sanction of the Scheme. 3. Registration of the sealed Sanction Order with the Registrar of Companies.

With these milestones satisfied, Powerlong Real Estate will now move toward completing the broader restructuring. The company stated it will issue further updates, including confirmation of the Restructuring Effective Date, once additional conditions precedent are fulfilled or waived.

Management reiterated that completion of all transactions under the Holistic Solution remains subject to outstanding conditions and cautioned shareholders and investors to exercise prudence when dealing in the company’s securities.