China Hongbao Holdings Limited disclosed that on 11 February 2026, the High Court granted a winding-up order against Ambitious Achievement New Materials Holding Limited. The order was made in relation to a petition filed by a creditor over a statutory demand dated 9 September 2025 for approximately HK$2.4 million.

Ambitious Achievement is an indirect wholly-owned subsidiary of the group, principally engaged in construction. It contributed over 5% of audited consolidated total assets and total revenue for the year ended 31 March 2025, representing a major subsidiary under relevant listing rules. The company stated that further announcements will be made if there are any material developments regarding Ambitious Achievement. Shareholders and potential investors are advised to exercise caution when dealing in the securities of the company.