Sinobec Group Inc. & al.

CCAA

^{Page last updated: November 3, 2025}

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.

Status of file as of October 22, 2025

On October 22, 2025, the United States Bankruptcy Court for the Northern District of Illinois, Western Division, issued an Order recognizing and enforcing a vesting order, approving the sale of certain of the Debtors’ assets, approving assumption and assignment of certain contracts and granting Related Relief.

We refer you to the order dated October 22, 2025 in the “Chapter 15 (US proceedings)” section for further information.

Status of file as of October 7, 2025

On October 7, 2025, the Superior Court of Québec issued Stay Extension Order extending the stay of proceedings against the Debtors to January 30, 2026.

On the same day, the Superior Court rendered a Wage Earner Protection Program (WEPPA) Order.

We refer you to the orders dated October 7, 2025, for further information.

Status of file as of September 18, 2025

On September 18, 2025, the Superior Court of Québec issued an Approval and Vesting Order approving the contemplated sale transaction and an Order of Cancellation and Reduction of Security Registrations.

We refer you to the orders dated September 18, 2025, for further information.

Status of file as of September 10, 2025

On September 10, 2025, the United States Bankruptcy Court for the Northern District of Illinois, Western Division, issued an Order granting the motion of the foreign representative for recognition of the Third Amended and Restated Initial Order and Related Relief.

We refer you to the order dated September 10, 2025 in the “Chapter 15 (US proceedings)” section for further information.

Status of file as of August 22, 2025

On August 22, 2025, the Superior Court of Québec issued a Third Amended and Restated Initial Order extending the stay of all proceedings against the Debtors to October 8, 2025.

We refer you to the order dated August 22, 2025, for further information.

Status of file as of August 15, 2025

On August 15, 2025, the United States Bankruptcy Court for the Northern District of Illinois, Western Division, issued an Order granting the motion of the foreign representative for recognition of the Second Amended and Restated Initial Order and Related Relief.

We refer you to the order dated August 15, 2025 in the “Chapter 15 (US proceedings)” section for further information.

Status of file as of July 11, 2025

On July 11, 2025, the Superior Court of Québec issued a Second Amended and Restated Initial Order (SARIO) extending the stay of all proceedings against the Debtors to August 22, 2025.

We refer you to the order dated July 11, 2025, for further information.

Status of file as of June 20, 2025

On June 20, 2025, the United States Bankruptcy Court for the Northern District of Illinois, Western Division, issued an Order of recognition of the CCAA Proceedings.

We refer you to the order dated June 20, 2025 in the “Chapter 15 (US proceedings)” section for further information.

Status of file as of June 5, 2025

On June 5, 2025, the Superior Court of Québec issued a Amended and Restated Initial Order (ARIO) extending the stay of all proceedings against the Debtors to July 11, 2025.

We refer you to the order dated June 5, 2025, for further information.

Status of file as of May 28, 2025

On May 27, 2025, the Monitor applied for the recognition of the CCAA Proceedings in the United States by filing a petition under Chapter 15 of the United States Bankruptcy Code before the United States Bankruptcy Court for the Northern District of Illinois, Western Division and on May 28, 2025, the U.S. Court entered an order provisionally enforcing the Initial Order in the United States pending a hearing on the merits of recognition on June 20, 2025.

We refer you to the “Chapter 15 (US proceedings)” section for more details.

Status of file as of May 26, 2025

On May 26, 2025, the Superior Court of Québec issued an initial order (the “Initial Order”) under the Companies’ Creditors Arrangement Act (the “CCAA” and the “CCAA Proceedings”) in respect of Sinobec Group Inc., Sinometal Resources Inc., Sinobec Resources LLC, 9184872 Canada Inc., Canadian Metal Service Centre Inc., Marquis Metal Material Inc., Icon Best Shower and Railings USA, Inc., Sinobec Trading Inc., Icon Best Shower Enclosures and Railings Inc. and Icon Best Shower Product Solutions USA Inc. (the “Debtors”).

The Initial Order provides for an initial stay of all proceedings until June 5, 2025, and appoints PricewaterhouseCoopers Inc. as monitor of the business and financial affairs of the Debtors (the “Monitor”).

On the same day, the Superior Court rendered a Sale and Investment Solicitation Process Approval Order.

We refer you to the “Court Motions and Orders” section for more details.