该呈请定于2025年12月31日在香港高等法院进行聆讯。 该呈请仅作为公司清盘的申请而向法院提交，于本公告日期，法院概无发出清盘令要求公司清盘。公司 谨此强调，该呈请现时对公司的业务运营并无任何重大不利影响。 公司现正就该呈请考虑不同方案并寻求专业意见，包括但不限于采取适当措施以滥用程序为由向法院申 请颁令驳回或搁置该呈请，弥偿成本将由呈请人向公司支付。公司将知会其股东及公众有关该呈请的任 何重大进展，并于适当时候另行刊发公告。 智通财经APP讯，中国天弓控股(00428)发布公告，于2025年10月21日，公司接获周心女士(呈请人)向香 港高等法院提交的清盘呈请(高等法院公司(清盘)程序2025年第639号)，其声称为公司已发行承兑票据的 持有人。 呈请人指称，公司未能偿还上述承兑票据的本金及未付利息合共约1110万港元(指称债务)。该呈请尚未 经呈请人的誓章核实，据公司了解，该誓章尚待于中国完成认证及公证程序后方可提交至法院。 ...

提交清盘呈请并不表示呈请人已成功令公司清盘。截至本公告日期，高等法院并未颁布清盘令以清盘公 司。高等法院已定于2025年11月19日就该呈请进行首次聆讯。 中国资源交通(00269)发布公告，卓亚融资有限公司(呈请人)已于2025年9月15日向香港特别行政区高等 法院提交针对公司的清盘呈请，事由涉及公司未支付约港币60.89万款项。该款项与呈请人于2016至 2017年间作为公司财务顾问提供特定服务有关。 ...

Core Viewpoint - China Art Financial (01572) has received a statutory demand for repayment from creditor Lin Xiaomei, requiring the company to settle outstanding loans and interest by August 29, 2025, or face potential liquidation [1] Summary by Relevant Sections - **Outstanding Loans and Interest** - The total outstanding loan amount due by September 30, 2024, along with agreed interest, is approximately HKD 7.8949 million - Interest accrued from October 1, 2024, to August 28, 2025, amounts to HKD 279,900 - Default interest from June 19, 2025, to August 28, 2025, totals HKD 278,800 [1] - **Consequences of Non-Payment** - If the company fails to make the payment within the stipulated 21 days after the statutory demand is served, the creditor may file for the company's liquidation [1]

Core Viewpoint - Capital界金控 (00204) has received a winding-up petition from creditors due to unpaid loans totaling HKD 6.2 million, including interest, with a court hearing scheduled for October 22, 2025 [1] Group 1 - The company submitted a winding-up petition to the High Court of the Hong Kong Special Administrative Region on August 11, 2025 [1] - The petition is based on the unpaid principal amount of loans that were pre-paid by the petitioners [1] - The hearing for the petition is set for October 22, 2025 [1]

Group 1: Zhengxinglong Real Estate - Zhengxinglong Real Estate announced the suspension of bonds "21 Lvjing 01" and "21 Lvjing 02" due to significant uncertainties, effective from August 13 [1] - The company reported a substantial net loss of 3.81 billion yuan in 2024, compared to a loss of 718 million yuan in 2023, marking a year-on-year decline of 430.30% [2][3] - The company has two outstanding bonds with a total scale of 976 million yuan [2] Group 2: Sunac Real Estate - Sunac Real Estate reported an additional overdue loan principal of 1.089 billion yuan, with a total overdue principal of 107.103 billion yuan as of June 30, 2025, and nine new instances of dishonesty [2] - The company experienced a net loss of 16.694 billion yuan in 2024, following a loss of 35.398 billion yuan in 2023 [3] - Sunac has 19 outstanding bonds with a total scale of 10.757 billion yuan [4] Group 3: Lanhua Coal - Lanhua Coal's subsidiary, Yamei Danning, is involved in a significant arbitration case, with claims for extending the cooperation period until May 12, 2030, and compensation for economic losses [4] - The company reported an increase in borrowings of 6.745 billion yuan, with 5.245 billion yuan from bank loans and 1.5 billion yuan from non-financial corporate debt financing tools, representing 36.58% of the net assets as of the end of 2024 [4] - Lanhua Coal has two outstanding bonds with a total scale of 1 billion yuan [4][6] Group 4: Shengyan Industrial - Shengyan Industrial's important subsidiary has been newly listed as a dishonest executor, involving an amount of 174,750 yuan, and is subject to high consumption restrictions [5] - The company reported a net loss of 1.12 billion yuan in 2024, compared to a loss of 1.945 billion yuan in 2023 [5][6] - Shengyan has two outstanding bonds with a total scale of 1.138 billion yuan [6] Group 5: South China City - South China City announced the suspension of its shares following a court-ordered liquidation on August 11, 2025, initiated by creditor Citigroup International [7] - The company recorded its first significant loss since listing, with a net loss of 8.986 billion HKD in 2024, and 15.742 billion HKD in overdue borrowings [8] - South China City has five outstanding offshore bonds with a total balance of 1.3203 billion USD, of which 1.093 billion USD has defaulted [9] Group 6: Chuan Cai Securities - Chuan Cai Securities received a warning from the Sichuan Securities Regulatory Bureau due to multiple compliance issues in its bond trading business [10] - The company reported a revenue of 296 million yuan in 2024, a decline of 16.18% year-on-year, with a net profit of 15.0427 million yuan, down 38.64% [10]

Core Viewpoint - The company, South China City (01668.HK), anticipates a significant loss of up to HKD 90 billion for the fiscal year 2024, with a first liquidation hearing scheduled for April 2025 [1][4]. Financial Performance - For the fiscal year ending December 31, 2024, the company expects a post-tax loss between HKD 80 billion and HKD 90 billion, primarily due to increased inventory impairment provisions, deferred tax asset reversals, reduced capitalization of interest on properties under construction, and fair value losses on investment properties [3][4]. - In the first half of 2024, the company reported revenue of HKD 1.215 billion, a year-on-year decline of 51.7%, with a gross profit of HKD 347 million and a gross margin of 28.5%. The loss for the period reached HKD 43.11 billion, an increase of 593.7% year-on-year [5]. Corporate Actions - The company has delayed the payment of the final dividend for the fiscal year ending March 31, 2023, and is contesting a liquidation petition filed by Citigroup International Limited regarding a USD 306.17 million debt related to its 9.0% senior notes maturing in April 2024 [4]. - The first hearing for the liquidation petition is set for April 2, 2025 [4]. Company Overview - South China City is a comprehensive trade and logistics enterprise listed on the Hong Kong Stock Exchange, established in May 2002. The company primarily generates revenue from property sales, particularly residential sales, despite its operational model being "trade and logistics+" [4].