Summary by Moomoo AI
American Retail received notice on 13 May 2024 from the Beijing Superior People's Court, which decided to uphold the original judgment and dismiss an appeal against the bankruptcy petition of one of its subsidiaries. The appeal is against a previous court decision rejecting the bankruptcy petition, which was mentioned in an announcement of 3 March 2023 by US Retail. Shareholders and other investors are advised to exercise caution when buying and selling the Company's securities. THE BOARD MEMBERS OF GUO AMERICAN RETAIL INCLUDE EXECUTIVE DIRECTOR MR. ZHOU XIAOCHUN, NON-EXECUTIVE DIRECTOR MR. ZHANG TAICHUNG, AND INDEPENDENT NON-EXECUTIVE DIRECTORS MR. WANG GAO, MR. LAI WAI MING AND MR. LAU YIN-HUNG.