Wai Chun Group Holdings Limited announced that, on 1 June 2026, the High Court of Hong Kong issued a consent order involving the Plaintiff, the Company and the Second Defendant. The court ordered three key actions:
1. All proceedings are stayed except for steps required to execute the order.
2. The appeal against the prior Judgment, along with the related summons to adduce new evidence, is dismissed.
3. The hearings originally scheduled for 11 June 2026 and 5 August 2026 have been vacated.
The announcement reiterates earlier disclosures made on 25 February 2026 and 7 May 2026 regarding the same Judgment. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s shares.
As of the date of the announcement, the Board comprises one executive director—Mr. Lam Ka Chun (Chairman and Chief Executive Officer)—and three independent non-executive directors: Mr. Wong Po Keung, Mr. Wang Ziniu and Ms. Xu Huiling.