Summary by Futu AI
Lung Kwong Group Limited (the “Dragon Light Group”) announced on 16 February 2024 that the Cayman Islands High Court and the High Court of Hong Kong issued orders on 15 and 16 February respectively to withdraw the Cayman Liquidation and Hong Kong Liquidation Petitions against the Company and its two wholly-owned subsidiaries. THIS ANNOUNCEMENT IS MADE PURSUANT TO SECTION 13.09 OF THE SECURITIES LISTING RULES OF THE HONG KONG STOCK EXCHANGE LIMITED AND PART XIVA OF THE SECURITIES AND FUTURES REGULATION, CHAPTER 571 OF THE LAWS OF HONG KONG. The company previously filed a notice of liquidation on several occasions between November 2022 and January 2024. Mr. Ji Haipeng, Chairman of the Board of Directors of Longquang Group on behalf of the company, expressed satisfaction with the court's decision to revoke the liquidation.