Sanxun Group (06611) has announced that a winding-up petition was filed against the company on August 25, 2026. The petition was submitted to the Court of First Instance of the High Court of the Hong Kong Special Administrative Region, seeking the company's liquidation under the Companies (Winding Up and Miscellaneous Provisions) Ordinance, Case No. 671 of 2026.

The petitioner, GenNex Financial Media Limited, is a judgment creditor of the company concerning a ruling in case DCCJ 1722/2025. The hearing for this winding-up petition is scheduled for November 5, 2026.

In light of these proceedings, the company is currently seeking legal counsel to assess potential measures in response to the petition, aiming to safeguard the interests of the company and its shareholders as a whole. Given the possible impact of a liquidation order on share transfers, the company is also consulting its legal advisors regarding the feasibility and necessity of applying for a validation order from the High Court.

Shareholders are reminded that the company may not necessarily apply for a validation order, and even if such an application is made, the High Court may not issue any validation order. If no validation order is granted and the winding-up order is neither revoked nor permanently stayed, all share transfers made after the commencement of winding-up proceedings will be deemed void.

As of the date of this announcement, to the best of the directors' knowledge, information, and belief, the petition has no material impact on the business operations and financial condition of the company and its subsidiaries.