Sunshine 100 China Holdings Ltd (SUNSHINE 100, 02608) announced that HTI Financial Solutions Limited and Haitong International Financial Products Limited filed a winding-up petition against the company on 6 March 2026 at Hong Kong’s High Court. The petition concerns an unpaid redemption price of US$205.02 million, inclusive of accrued interest, originally due on 19 March 2025.

The High Court has scheduled the first hearing for 10:00 a.m. on 20 May 2026. The company received the petition on 10 March 2026 and intends to oppose it while seeking legal advice and, if necessary, applying for a validation order.

Under section 182 of the Companies (Winding Up and Miscellaneous Provisions) Ordinance, any transfer of SUNSHINE 100 shares or disposition of company property made on or after the petition’s presentation date—6 March 2026—will be void unless validated by the court. Hong Kong Securities Clearing Company Limited (HKSCC) has the discretion to suspend Central Clearing and Settlement System (CCASS) services for the company’s shares, including the acceptance of share certificate deposits, until the petition is resolved or a validation order is obtained.

As at the announcement date (12 March 2026), no winding-up order has been granted. The board cautions shareholders and potential investors to remain aware of the legal uncertainties and the potential impact on share transfers pending the court’s decision. The company will issue further updates in accordance with Hong Kong Stock Exchange requirements and the Securities and Futures Ordinance.