CNPC (00632): Apply for an injunction to prevent filing a winding-up petition

Zhitong Finance App News, CNPC (00632) issued an announcement. The company received a statutory claim from legal advisers acting on behalf of Vulcan Inovação (Macau) Consultoria Limitada (“creditor”) under section 178 (1) (a) or section 327 (4) (a) of the Hong Kong Law, Chapter 32 of the Hong Kong Legislation, dated October 12, 2026, requiring the company to pay a total of HK$1.05 million. Unpaid remuneration for services provided to the company. The statutory debt repayment statement requires the company to pay the alleged debt within three weeks from the date of delivery of the statutory debt repayment statement; otherwise, the creditor may file a winding-up petition against the company.

On November 2, 2026, the company submitted an original subpoena to the High Court of the Hong Kong Special Administrative Region, requesting an injunction against creditors to prevent creditors from filing a winding-up petition against the company in accordance with statutory requirements; and a subpoena requesting an interim injunction against the creditors to prevent creditors from filing a winding-up petition against the company in accordance with the statutory debt repayment documents until the original subpoena and the subpoena summoning the parties to the lawsuit are finally decided. The first hearing of the summons summoning the parties to the lawsuit is scheduled to be held at 9:30 a.m. on November 6, 2026.

According to the directors' knowledge, knowledge and conviction, the creditors were ultimately controlled by the father of Wong Wai Si, the company's former executive director. The creditor is a company incorporated in Macau claiming to be a consulting company providing market research services. The company believes that the amount of the alleged debt is questionable and is actively taking steps to verify its accuracy. Meanwhile, the company is seeking legal advice and will actively consider possible actions against creditors.