The liquidation petition of China High Education International Holdings Limited (01765.HK) was heard in the High Court on June 24th and has been postponed to a later date for substantive hearing. After seeking legal opinions, the company is objecting to the petition, and the basis for the objection of the good-faith substantive dispute includes: the petitioner is not qualified to submit the petition in accordance with the trust deed of the convertible bonds; the attempted exercise of the redemption option does not meet the exercise procedures and conditions stipulated in the convertible bond, and is therefore invalid.

On the other hand, the company is still committed to advancing possible overseas debt reorganizations. The company will notify its shareholders and investors of any significant developments regarding the petition, and will timely publish further announcements.