Hao Bai International pushes back circular on factoring-related disposal to 30 April 2026

Bulletin Express

Apr 01

Hao Bai International (Cayman) Limited has announced a further postponement in distributing its shareholder circular for a proposed very substantial disposal linked to a factoring agreement.

The company originally unveiled the disposal on 27 June 2025 and has since issued nine updates—dated 21 July, 26 August, 29 September, 31 October, 28 November, 30 December 2025, and 30 January, 27 February and 31 March 2026—each citing delays in dispatching the explanatory circular and related notice of an extraordinary general meeting (EGM).

The latest filing, released on 31 March 2026, states that additional time is required to compile information for inclusion in the document. Consequently, the board now expects to send the circular on or before 30 April 2026, extending the deadline by one month beyond the previously targeted 31 March 2026.

The board continues to comprise Executive Directors Ng Wan Lok, Wong Wing Hung and Zhang Jiaqing, alongside Independent Non-executive Directors Cheung Hiu Fung, Yiu Chi Wai and Wong Ming Fair Victor.

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