The new plan was raised with some bondholders about two weeks ago, the first source added, after Evergrande's original debt restructuring plan was thrown off course when its billionaire founder Hui Ka Yan was in late September confirmed to be under investigation for suspected criminal activities. China Evergrande granted final reprieve as winding-up hearing adjourned Evergrande was also banned from issuing new dollar bonds, a key part of its original restructuring plan, while its flagship mainland unit was being investigated by regulators. The second source said the new plan was driven by a work committee under the southern Guangdong provincial government that has been overseeing Evegrande's restructuring since late 2021, after the developer defaulted on its debts. The provincial government did not respond to a request for comment.