Alpha Professional Holdings Limited (ALPHA PRO HLDGS) has approved a creditors’ voluntary liquidation of its wholly owned Hong Kong subsidiary Willis Trading Limited, effective 24 April 2026, under Section 241 of the Companies (Winding Up & Miscellaneous Provisions) Ordinance. The resolution was passed by Alpha Overseas Limited, the sole shareholder of Willis Trading and an indirect wholly owned unit of the group.

Willis Trading, formerly engaged in milk powder and baby foods trading, is currently inactive. Unaudited consolidated figures for the financial year ended 31 March 2025 showed no revenue and a loss of approximately HK$45.10 million. As at 30 September 2025, the Willis Trading Group held total assets of roughly HK$48.90 million, total liabilities of about HK$152.10 million and net liabilities of nearly HK$103.20 million, exceeding 5% of the group’s total assets and qualifying it as a major subsidiary under Hong Kong Listing Rule 13.25(2).

The board cited insolvency, cessation of operations following the end of business ties with Bubs Australia Limited, and on-going litigation and debt-related claims as key reasons for the wind-up. Management expects the deconsolidation of Willis Trading’s results to help stem further losses and enable the group to concentrate resources on developing adult-formula milk products and expanding its warehouse logistics and cleaning services businesses.

Post-liquidation, Willis Trading’s financials will no longer be consolidated into the group accounts. The board stated that the winding-up is not anticipated to have any material adverse impact on the remaining operations of the Milk Products Business or the Services Business.

Further material developments will be disclosed to shareholders and investors via additional announcements when appropriate.