C ZENITH CHEM (00362) Quarterly Update: Liquidation Progress, New HK Office, Trading Still Halted

Bulletin Express

Mar 16

China Zenith Chemical Group Limited (In Compulsory Liquidation) provided a quarterly update pursuant to Listing Rules 13.09 and 13.24A and Part XIVA of the Securities and Futures Ordinance.

The Joint and Several Liquidators—Osman Mohammed Arab and Lai Wing Lun—are continuing their review of the company’s books and records to determine the status of operations prior to the High Court-ordered winding-up issued on 17 March 2025. No operational findings were disclosed in the announcement.

Effective 16 March 2026, the principal place of business in Hong Kong has been relocated to 10/F, 1 Sunning Road, Lee Garden Three, Causeway Bay, Hong Kong.

Trading in the company’s shares on the Stock Exchange has been suspended since 10:28 a.m. on 17 March 2025 and will remain halted until further notice.

All powers of the board of directors ceased upon the granting of the winding-up order; the Liquidators now manage the affairs, business, and property of the company as agents without personal liability.

Further announcements will be released as material developments arise.

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