China Water Industry Group (1129) Provides Winding-Up Petition Update and Discloses Loan Default Details

Bulletin Express
2025/11/25

China Water Industry Group Limited (the “Company,” together with its subsidiaries, the “Group”) announced an update regarding a winding-up petition filed by International Finance Corporation. A creditor named Zhao Yuan, holding an outstanding indebtedness of HK$2,012,493 related to a bond issued in April 2018, has filed a Notice of Intention to Appear on the petition hearing scheduled for 21 January 2026. No winding-up order has been issued as of the date of the announcement, and the Company is seeking legal guidance while maintaining communication with relevant parties to negotiate a potential withdrawal of the petition.

Additionally, the Company disclosed further details regarding a loan in the principal amount of HK$80 million, entered into on 19 March 2021 between China Water Industry (HK) Limited (“Borrower”) and Kingston Finance Limited (“Lender”). As of the announcement date, the outstanding principal stands at HK$50 million. The Loan is guaranteed by the Company, and the Lender demanded repayment by 26 November 2025. The Group is now exploring options to resolve the outstanding amount, including negotiating an extension to the repayment date. Further announcements will be made if there are any material updates on both the petition and the outstanding loan.

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