Chuanglian Holdings calls off two share subscriptions after subscribers miss payment deadline

Bulletin Express
03/31

Chuanglian Holdings Limited announced on 31 March 2026 that it has terminated two amended share-subscription agreements, originally signed with separate investors (“Subscriber 1” and “Subscriber 2”), after both parties failed to settle the remaining consideration by the 31 March 2026 long-stop date.

The cancelled arrangements—collectively referred to as Amended Subscription Agreement 1 and Amended Subscription Agreement 2—had been modified twice, most recently on 28 February 2026. With termination now in effect, no new shares will be issued and all contractual rights and obligations among the parties are nullified, eliminating any further claims.

The board stated that ending the agreements will not have a material impact on the group’s current operations or financial position. Shareholders and potential investors have been advised to exercise caution when dealing in the company’s shares.

As of the announcement date, the board comprises three executive directors—Gao Yongzhi (Chief Executive Officer), Li Jia and Zhang Jie—and three independent non-executive directors—Leung Siu Kee, Wu Yalin and Wang Shuping.

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