China Ocean Group Development Ltd. has announced a significant development in its ongoing winding-up petition. On 9 June 2025, the High Court of Hong Kong ordered the withdrawal of the petition filed against the company. This decision marks a positive turn in the company's efforts to address the legal and financial challenges it has been facing. The company has committed to keeping the public informed of any further material developments in this matter. The announcement is part of a series of updates following previous announcements made on several dates including 18 February 2024 and 26 May 2025. The Board, led by Executive Director and Chairman Liu Rongsheng, has reiterated its commitment to transparency and compliance with the GEM Listing Rules.
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