Group 1 - The company, Xijiang International Holdings Limited, announced a restructuring plan for its $271 million zero-coupon convertible bonds due in 2026, aiming to improve its balance sheet by reducing debt principal by 39% through a 6.1 discount scheme [1][2] - The company has already repurchased approximately $78.9 million of the convertible bonds, leaving an outstanding balance of $271 million [1] - The restructuring aims to address challenges posed by the current macroeconomic environment and fluctuations in the education industry, incorporating flexible terms such as early redemption options to alleviate short-term liquidity pressure [1] Group 2 - Qualified bondholders agreeing to the special resolution will receive a 1.0% consent fee, and the plan includes waiving potential default clauses, creating a win-win situation for both parties [2] - The signing of the formal restructuring agreement marks further progress in the company's efforts to manage its convertible bond situation, reflecting a proactive approach to overcoming challenges [2] - Successful implementation of the $271 million convertible bond restructuring is expected to provide the company with greater financial flexibility for business transformation and to capitalize on recovery opportunities in the education sector [2]