A more formal restructuring support agreement for all creditors is expected to be ready by the end of March, with creditors voting for adoption and the court's approval planned in May and July respectively. At a July hearing, Evergrande is also expected to submit restructuring proposals in the Cayman Islands and the British Virgin Islands to address other offshore liabilities, McDonald said. The court has been informed that the success of schemes settling Evergrande's offshore debt are not legally tied to the company's debts on mainland China, where 90 percent of its assets are located. Evergrande last year announced ambitions to transform into an empire of new energy vehicles, but has delivered shy of 1,000 vehicles since mass production began last September. "In the absence of new funding, Evergrande NEV will face the risk of shutdown," the company said in the filing, referring to its new energy vehicle business.