ZHONGJIA GX (00899): Debt Under Statutory Demand Has Been Settled

Stock News

Sep 29

ZHONGJIA GX (00899) announced that reference is made to the company's announcement dated July 31, 2025. As disclosed in that announcement, on July 16, 2025, the company received a statutory demand issued by lawyers acting on behalf of creditors under section 178(1)(a) or section 327(4)(a) of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32 of the Laws of Hong Kong), demanding payment of an aggregate amount of HK$11,123,400 representing unpaid service fees owed to the creditors under service agreements entered into between the creditors and the company.

The board of directors wishes to provide shareholders and potential investors with an update on the statutory demand. The debt under the statutory demand has been settled on August 28, 2025. Given that the debt under the statutory demand has been settled, the company believes there is no basis for any winding-up petition to be presented to the court seeking an order for the winding up of the company on the grounds of the statutory demand.

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