China First Capital Group Ltd. (CFCG), incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange, has announced a significant step in its restructuring process. On June 6, 2025, CFCG entered into a Funding Agreement with Pioneer Worldwide Development Limited, a company based in the British Virgin Islands. This agreement provides CFCG with the necessary financial resources to support its restructuring plan. The board of directors expressed confidence that the terms of the agreement are fair and in the best interests of the company and its shareholders. However, they advised shareholders and potential investors to exercise caution when dealing with the company's shares.
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