Wai Chun Group Holdings Limited (1013) announced it received a sealed judgment from the Court of First Instance of the High Court of Hong Kong on 23 February 2026. The judgment, dated 13 February 2026, requires both Wai Chun Group Holdings Limited and Wai Chun Bio-Technology Limited to pay Island Sky Limited HK$2.67 million. Interest on this sum accrues at 1% above the HSBC prime rate from 7 September 2023 until the date of the judgment and then at the judgment rate until full settlement. In addition, HK$0.11 million in summarily assessed legal costs is payable.

According to the announcement, the HK$2.67 million obligation represents 50% of the mesne profits, rent, rate, and management and air-conditioning charges for the period 16 September 2022 to 27 April 2023 for premises located at 13th Floor, Tower II, Admiralty Centre, No. 18 Harcourt Road, Hong Kong.

The company stated it considers the mesne profits claimed to be excessive compared with market comparables and has lodged a Notice of Appeal. Legal advice is being sought, including consideration of a stay of execution and submission of evidence for the appeal. Further developments related to this judgment will be disclosed as appropriate.