Grace Life-Tech Holdings Limited has announced progress in its ongoing restructuring efforts, with several key measures aimed at resolving its going concern issues. The company is formulating a comprehensive debt restructuring proposal, which includes potential debt compromise and debt-to-equity conversion for all creditors. Discussions are ongoing with a private equity investment fund registered under the Asset Management Association of China, with meetings scheduled for the fourth quarter of 2025, and the company is also engaging with other potential financial institutions for meetings in December 2025. In a significant development, the company reached an agreement with a lender to waive approximately US$9.9 million in accrued interest, with no further interest to accrue. Additionally, Grace Life-Tech has implemented cost-control measures including workforce optimisation, remuneration review, and the suspension of capital expenditure in the third quarter of 2025.