Recreate ASA announced that credit committee approval from the final financial creditor has been obtained and that all financial creditors have now confirmed their acceptance to suspend payment of amortization and to extend loan maturities to mid October 2023 on certain agreed terms and subject to satisfactory documentation, while trade creditors are serviced in ordinary course. The group continues to further implement cost reducing measures as well as developing a long-term sustainable platform for the group to refinance the debts and to strengthen its position to face challenges ahead.