Hilong Holding Limited reported ongoing negotiations with the holders of its 2024 Notes regarding a proposed restructuring plan aimed at extending maturity. The High Court hearing held on 27 October 2025 resulted in the adjournment of the Petition to 5 January 2026. The company will announce any significant developments in these talks as they arise.

Hilong Holding Limited completed the shareholder-approved disposal of its vessel for US$100 million, with at least US$33.3 million to be directed toward reducing its 2024 Notes liabilities. Concurrently, discussions are underway with six domestic and international banks to maintain existing credit and strengthen future financing. As of 30 September 2025, overall bank borrowings, excluding those secured by acceptance bills, dropped by approximately 12% compared to 31 July 2025.

Efforts have also been made to expedite receivables recovery, including assigning dedicated teams to manage top customers and considering legal measures for long-outstanding balances. Further cost-control initiatives include renegotiating a key supplier agreement for more favorable terms and restricting non-essential expenses.

Hilong Holding Limited has stated its commitment to implementing its action plan and will issue further updates as key milestones are reached.