South China Holdings says winding-up petitions against toy unit WST not material to group

• South China Holdings clarified winding-up petitions are confined to toy unit Wah Shing Toys, driven by severe cash-flow stress and overdue trade debts.
• OEM manufacturing deemed no longer commercially viable; operations being shut, with a planned shift to an asset-light, trading-based model via another subsidiary.
• Management assessed the petitions should not materially affect group operations or financial performance; expects losses to improve once WST stops OEM operations.
• For the five months to May 31, 2026, WST contributed 28.2% of revenue, 0.7% of net assets, 57.5% of group loss.
• Group highlighted other businesses remain supported by bank facilities; cited 2025 shoes trading revenue HK$ 343 million, property leasing revenue HK$ 170 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. South China Holdings Co. Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260804-12271202), on August 04, 2026, and is solely responsible for the information contained therein.