Agile Group (03383) receives a winding-up petition and will seek legal recourse to resolutely oppose the petition

Zhitong Finance App News, Agile Group (03383) announced that the board of directors noticed fluctuations in the trading price and volume of the company's shares on the Stock Exchange on December 9, 2025, as well as recent news reports alleging that the company was petitioned for liquidation. On December 9, 2025, the company received a winding-up petition from Xinhao (Zhongshan) Enterprise Management Co., Ltd. (the petitioner) to the High Court of the Hong Kong Special Administrative Region. The petition involved a number of alleged unpaid amounts, totaling US$18,587,146.57 and HK$2,234,331.43. The amount stemmed from an arbitration award made by the Arbitration Court of the China International Economic and Trade Arbitration Commission on September 25, 2025. The High Court has set the date for the first hearing of the petition on February 25, 2026 at 9:30 a.m.

The company will vigorously oppose the petition. However, in view of the impact of section 182 of the Company's Liquidation Regulations, the Board of Directors hereby reminds company shareholders and potential investors that if the company is finally liquidated, transfers of company shares made on or after the commencement date will be null and void without a High Court approval order. The company currently has no intention of applying to the High Court for an approval order for the transfer of the company's shares. The company will consider whether it is necessary to apply to the High Court for an approval order at a later stage in line with the progress of its comprehensive settlement of foreign debt.

Despite receiving the petition, the company will continue to actively communicate and cooperate with overseas creditors. Through comprehensive restructuring of the Group's overseas debts, the goal is to reach agreement on preliminary restructuring terms with major groups of overseas creditors as soon as possible. At the same time, the company is actively communicating with the petitioner to reach an effective solution through negotiations with the petitioner (including efforts to have the petition withdrawn or rejected as soon as possible). The Board believes that the petition does not represent the interests of other stakeholders and may have a negative impact on the value of the company and other stakeholders. Therefore, the company will seek legal channels to resolutely oppose the petition and take all necessary actions to protect the company's legitimate rights and interests.