ISDN HOLDINGS (01656) announces that its indirectly wholly-owned subsidiary, Shenzhen Juncheng Technology Co., Ltd., a company registered and established in accordance with the laws of the People's Republic of China, has voluntarily undergone liquidation in accordance with the laws of the People's Republic of China, and has completed the voluntary liquidation on December 23, 2024.
Yuan Jinliu has been appointed as the liquidator for the liquidation process.
The voluntary liquidation of Shenzhen Juncheng Technology Co., Ltd. aligns with the overall strategy of the group to increase the simplicity and focus of its company structure over time.
The company anticipates that the voluntary liquidation of Shenzhen Juncheng Technology Co., Ltd. will not have a significant impact on the net tangible assets per share and earnings per share of the company for the financial year ending December 31, 2024.