Tianyu Real Estate (00059) has submitted a proposal to resume trading to the Stock Exchange

According to the Zhitong Finance App, Tianyu Real Estate (00059) issued an announcement. On September 17, 2026, the company submitted a proposal to resume trading to the Stock Exchange to seek the resumption of stock trading. The proposed resumption of trading sets out (among others) the measures taken and proposed by the Company to reach the resumption guidelines. Furthermore, the Company has submitted an application to the Stock Exchange to extend the remedy period until December 31, 2026, so that the Company can meet the requirements of the following guidelines for the resumption of trading.

As part of the implementation of the revised restructuring plan, the Company has applied to the Hong Kong court for permission to hold a meeting of the Company's creditors to consider and approve the plan as appropriate, and the relevant hearing was held at 10 a.m. on September 18, 2026.

At the hearing, the Hong Kong court ordered the Company to convene a creditors' plan meeting for the plan creditors to consider and approve the plan as appropriate (with or without amendments). The planning meeting is tentatively scheduled to be held at the end of October or the beginning of November 2026, while the Hong Kong court's approval hearing on the plan is tentatively scheduled to be held on November 20, 2026.

As disclosed in the Company's announcement of January 9, 2026, the Stock Exchange has established the following resumption guidelines for the Company: (i) the winding-up order against the Company has been withdrawn or lifted, and any appointment of liquidators has been lifted; (ii) publish all unpublished financial results and handle any audit amendments in accordance with the Listing Rules; (iii) certify that the Company complies with section 13.24 of the Listing Rules; (iv) communicate all important information to the market so that the Company's shareholders and other investors can assess the Company's status; and (v) re-comply with Rule 3.10 of the Listing Rules (1), 3.10 (2), 3.10A, 3.21, 3.25, 3.27A, 3.28, and 13.92.

On September 30, 2026, the Company received a winding-up petition (petition) from Mr. Lee Pak Ho (petitioner) against the Hong Kong court. The petition alleges that the Company has not repaid a total amount of HK$10.4692 million. The debt in question is based on the petitioner's claim that the Company did not pay the petitioner a total of HK$10 million in judgment debt along with related interest and expenses in accordance with the final judgment of the Hong Kong Court on March 11, 2026 and the statutory demand for debt repayment issued by the petitioner's legal representative on August 10, 2026. The petition will be heard in the Hong Kong courts at 9:30 a.m. on December 9, 2026.