Zhitong Finance App News, Chenming Paper (01812) issued an announcement. In October 2022, the company commissioned a Hong Kong legal adviser to apply to the Court of First Instance to seek revocation or adjournment of the winding-up petition filed by HKK2 against the company. On July 25, 2023, the Court of First Instance heard the application and handed down a ruling on August 10, 2023, to set aside the winding-up petition. HKK2 appealed against the Court of First Instance decision on October 31, 2023. The appeal was heard by the Court of Appeal on March 21, 2024.
The company received a judgment from the Court of Appeals on April 23, 2024, which ruled to dismiss the appeal.