Wisdom Channel Financial APP news, Man Sang Int'l (00938) issued an announcement regarding legal proceedings, the board of directors of the company learned on October 22, 2024 that Chongqing Huangshi has received a formal hearing notification from the Chongqing Higher People's Court, and a hearing on the lawsuit will be held at the Chongqing High Court on October 24, 2024.

The company will continue to consult with its Chinese legal advisors, actively assert and exercise its rights in legal proceedings, and monitor the impact of legal proceedings on the group. At the same time, Chongqing Huangshi will continue to actively negotiate with lenders to friendly resolve disputes and revise the terms of loan agreements.