China SCE Group Holdings Limited (1966) has released an update regarding its 6% Senior Notes due 2026 (the “February 2026 Notes”). According to the announcement, there has been an event of default under the terms of these notes, and trading has been suspended since 9:00 a.m. on 5 October 2023. As of the date of the announcement, the outstanding principal amount of the February 2026 Notes stands at US$350 million.

Due to the tight liquidity situation and ongoing discussions with offshore creditors on a holistic solution, the February 2026 Notes—together with accrued unpaid interest—will remain outstanding as they reach their maturity on 4 February 2026. Consequently, the notes will be delisted from the Stock Exchange upon maturity.

The company intends to maintain active communication with the noteholders through its financial adviser, and noteholders are advised to reach out if necessary. Shareholders and investors are urged to exercise caution when dealing in the company’s securities and to seek professional advice if in doubt.