VPOWER GROUP (01608) announced that, as of the date of this announcement, the Company has been cooperating with lenders to resolve outstanding matters related to achieving the effective dates under the restructuring master agreement. Since the restructuring has not yet taken effect and the long-stop date was not extended by mutual agreement, the restructuring master agreement has lapsed according to its terms. The Company and the lenders have been negotiating an appropriate extension following the expiration of the long-stop date, in order to finalize the arrangements agreed upon under the restructuring master agreement. These discussions are currently ongoing. The Company has been actively engaging with lenders to resolve the remaining issues concerning the implementation of the restructuring master agreement and is committed to formulating a comprehensive restructuring plan for its offshore debt. On February 11, 2026, the Company was notified that the court has issued a validation order in relation to the petition filed against the Company. Accordingly, despite the petition being filed, if the Company is ultimately ordered to be wound up, any transfers of the Company's issued and fully paid shares made from November 28, 2025, will not be deemed invalid under Section 182 of the Companies (Winding Up and Miscellaneous Provisions) Ordinance.