[Caihua News] Dali Group (00029.HK) announced the relevant chapter on the compulsory liquidation of Shenzhen Huanghua Harbor Enterprise Co., Ltd. ("Zhenhua", a joint venture established in China, 49% of which is held by the group). In accordance with the compulsory liquidation, the Shenzhen Intermediate people's Court of China has appointed a liquidation team for this purpose.
Accordingly, the company received notice from the liquidation group that the Chinese court had accepted the liquidation group's recommendation and further extended the six-month compulsory liquidation period to July 2022.