FANTASIA has announced that each of its restructuring plans is contingent upon meeting specific conditions, which include the company's obligation to secure relevant regulatory approvals. Based on currently available information, the company anticipates it will be unable to obtain all necessary regulatory approvals in time to complete the restructuring by the current final deadline of May 31, 2026. Therefore, as a prudent measure, the company intends to seek approval from its scheme creditors to extend the final deadline from May 31, 2026, to June 30, 2026.

This extension of the final deadline requires the necessary approval from a majority of the scheme creditors. A majority is defined as those creditors who vote by the specified extension voting deadline and whose beneficial interests in the principal amount of the scheme claims represent more than 75% of the total value of all scheme claims. Scheme creditors wishing to vote on the proposed extension must submit their voting instructions or forms by 10:00 PM Hong Kong Time on May 28, 2026, or by a later deadline that the company may determine at its sole discretion, no later than May 31, 2026.

The company believes the proposed extension is necessary to prevent the automatic termination of the plans on May 31, 2026, and to facilitate the completion of the restructuring, which it views as being in the best interests of all scheme creditors and stakeholders. The company earnestly requests scheme creditors to vote in favor of approving the deadline extension and expresses its deepest gratitude for their continued support of the restructuring process.