SHIMAO GROUP (00813) is being filed for liquidation by Deeply Connected Holdings Ltd.

SHIMAO GROUP (00813) announces that on January 10, 2025, Liansheng Investments Limited (the petitioner) filed a winding-up petition against the company with the High Court of the Hong Kong Special Administrative Region (the High Court), concerning guarantees provided by the company for cross-border loans by China Merchants International Financial Limited, with an outstanding amount of approximately RMB 258 million. The High Court has scheduled the first hearing of the petition for March 19, 2025. Shareholders and investors of the company should note that the filing of the petition does not guarantee the successful winding-up of the company. As of the date of this announcement, no winding-up order has been issued by the High Court to wind up the company.