Summary by Moomoo AI
Alco Holdings Limited announced on 20 March 2024 that it has reached a legal fee agreement with Shanghai Commercial Bank Limited on a previously filed liquidation petition, which has been withdrawn in full. THIS ANNOUNCEMENT IS MADE PURSUANT TO ARTICLES 13.09 AND 13.25 OF THE SECURITIES LISTING RULES OF HONG KONG UNITED EXCHANGE LIMITED AND SECTION XIVA OF THE SECURITIES AND FUTURES ORDINANCE, CHAPTER 571 OF THE HONG KONG LAW. Previously, Aigao Group issued a number of announcements from August 2023 to March 2024 detailing the liquidation petition submitted by Shanghai Commercial Bank. THE BOARD OF DIRECTORS OF AIGAO GROUP IS HEADED BY MS. LEUNG YA-MAN, THE EXECUTIVE DIRECTORS INCLUDE MR. HO ZE-YU AND MR. LEUNG YA-MAN, THE NON-EXECUTIVE DIRECTORS ARE MR. YANG MIN. THE INDEPENDENT NON-EXECUTIVE DIRECTORS INCLUDE MR. CHU KAI QIN, MR. LIN ZHI-YING, MR. TANG SHE-KIN, MR. TANG CHAOWEN AND MS. MK SUE-WEN.