E-House Issues Practice Statement Letter, Sets July Court Date for Cayman Scheme and Updates Restructuring Support Agreement

Bulletin Express
06/05

E-House (China) Enterprise Holdings Limited (E-House) released an inside-information announcement detailing fresh progress on its offshore debt restructuring. The company has circulated a Practice Statement Letter to Scheme Creditors outlining the next procedural milestones for both a Cayman scheme of arrangement and a parallel Hong Kong scheme.

Key points:

1. Proposed Schemes • E-House intends to implement its restructuring through a single-class Cayman Scheme and an accompanying Hong Kong Scheme. • The company considers all Scheme Creditors to form one voting class.

2. Court Timetable • A Scheme Convening Hearing before the Cayman Islands court is scheduled for 3 July 2026. • Subject to court approval, the Cayman Scheme Meeting will be held in the Cayman Islands and by video conference.

3. Amendment to Restructuring Support Agreement (RSA) • On 5 June 2026 E-House executed an amendment to the RSA; existing creditors that have already acceded are not required to take additional action. • Copies of the amendment and related materials are available on the transaction website managed by D.F. King.

4. Creditor Engagement • Non-blocked Scheme Creditors can obtain information from D.F. King Ltd. or Alvarez & Marsal Cayman Islands Limited. • Blocked Scheme Creditors and the convertible bond holder should contact E-House directly.

E-House stated that further updates on the restructuring process will be provided in a timely manner. The board, chaired by Mr Zhou Xin, approved the announcement on 5 June 2026.

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