According to the announcement, the Singapore Court has issued a winding-up order on July 26, 2024 for the liquidation of Lianqing (liquidation order), which has been temporarily suspended to allow the parties involved in the liquidation application to reach a settlement.

The company has been informed that the parties have reached a friendly settlement on September 6, 2024, and the Singapore Court has been notified of the settlement. Therefore, the liquidation order will no longer be effective from the date of the settlement (September 6, 2024).