DEXIN SER GROUP (02215) has announced that its Board of Directors was informed by Mr. Hu Yiping, the company's controlling shareholder, that the British Virgin Islands High Court issued a bankruptcy order against him on May 5, 2026 (BVI time), declaring him bankrupt. As of the announcement date, the company is 57.65% owned by Shen Fu International Limited, which is in turn 91.6% owned by Mr. Hu. The Board emphasizes that the bankruptcy order is directed solely at Mr. Hu and does not involve the Group or any of its assets. Mr. Hu had already stepped down from his roles as Board Chairman and Executive Director on April 28, 2026. Consequently, the bankruptcy order is not expected to have any material impact on the Group's financial performance or current business operations. Following the issuance of the bankruptcy order, Mr. Hu's assets, including his stake in Shen Fu International Limited, will be transferred to the Official Receiver and/or a trustee in bankruptcy, who may dispose of these holdings in accordance with applicable BVI laws. This could potentially lead to a future change in the company's controlling shareholder. As of the announcement date, the company has not received any notice regarding such proposed disposals or changes. The company has applied to the Stock Exchange for the resumption of trading of its shares, effective from 1:00 p.m. on May 6, 2026.