CHINA ART FIN (01572) announced that on August 29, 2025, the company received a statutory demand for debt payment (the "Statutory Demand") issued by the statutory representative of Lin Xiaomei (the creditor) pursuant to Section 178(1)(a) of the Companies (Winding Up and Miscellaneous Provisions) Ordinance, Chapter 32 of the Laws of Hong Kong, demanding the company to pay within 21 days after service of the Statutory Demand: the total outstanding loan amount plus agreed interest of HK$7.8949 million as of September 30, 2024; unpaid interest of HK$279,900 from October 1, 2024 to August 28, 2025; and unpaid default interest of HK$278,800 from June 19, 2025 to August 28, 2025. Failure to make payment as required may result in the creditor filing a winding-up petition against the company.
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