Core Viewpoint - WKK INTL (HOLD) announced the voluntary liquidation of its subsidiary Dongguan Nissin Plastic Products Co., Ltd. (DNP) due to ongoing losses, aiming to optimize resources and management focus on other business opportunities [1] Group 1: Company Actions - The sole shareholder of DNP has resolved to establish a liquidation team to initiate the voluntary dissolution and liquidation process in accordance with applicable Chinese laws and regulations [1] - DNP, established in 1994 as a wholly foreign-owned enterprise, primarily engaged in the production of plastic products for export to overseas markets [1] Group 2: Financial Implications - The company anticipates one-time restructuring costs associated with the voluntary liquidation, which will mainly include severance pay, shutdown-related expenses, and inventory write-offs [1] - After the completion of the voluntary liquidation and related procedures, DNP will no longer be a subsidiary of the company, and its financial performance will not be consolidated into the group [1] - The board believes that, aside from the one-time restructuring costs and any other losses/expenses related to the voluntary liquidation (yet to be quantified), the liquidation will not have a significant adverse impact on the overall operations of the group [1]
WKK INTL (HOLD)(00532)：自愿清算东莞日新塑制品有限公司