Summary by Moomoo AI
On 9 March 2024, China received on 9 March 2024 a winding-up petition filed on 7 March with the High Court of the Hong Kong Special Administrative Region in respect of overdue payments of HK$889,261. China said it would strongly oppose the petition, considering that the move was not in the interests of other stakeholders and could damage the value of the company. The company plans to take action to resolve disputes and seek legal advice to protect legal rights. The Company expects that this petition will not have a material impact on business in the short term and will notify shareholders and investors of any significant progress. Currently, the High Court has not issued a liquidation order.