China Hongbao Holdings Limited disclosed that, after trading hours on 27 March 2026, the company and Executive Director Mr. Cheng Jun executed a Deed of Debt Waiver covering obligations of approximately HK$20.10 million. The waived amount—comprising both principal and any related accrued interest—was irrevocably and unconditionally forgiven by Mr. Cheng, who also owns about 18.89% of the company’s issued shares.

The board stated that eliminating this liability will enhance the group’s financial position and serves the interests of all shareholders. Investors are advised to exercise caution when dealing in the company’s securities.