ATV Holdings (00707) receives original complaint summons.

ATV HOLDINGS (00707) announced that the company has received a writ of summons dated September 11, 2025, requiring the company to attend a hearing at the High Court in Hong Kong on September 19, 2025. The hearing involves Eastern Textile Limited (the plaintiff) as the applicant, bringing an application against the company and the following directors (as defendants): Ms. Deng Baoyi, Ms. Han Xingxing, Mr. Li Yuxian, Mr. Liu Zhengyang, and Mr. Lu Zhiqiang (referred to as "defendant directors"). According to the writ of summons, the plaintiff requests (among other things): (a) to declare that the extraordinary general meeting of shareholders held by the company on August 12, 2025, was validly convened; (b) to declare the resolutions passed at the meeting on August 12, 2025, were valid; (c) to declare that the defendant directors have been removed from the board of directors since August 12, 2025; (d) an injunction prohibiting the defendant directors (whether directly or indirectly, whether on their own behalf, by their employees, agents, proxies, or other means) from acting as directors and/or authorized representatives of the company, or holding themselves out as representing the company or the board of directors; (e) further or alternatively: (i) directing the company to hold a shareholders' meeting within seven days of the order to vote on the following ordinary resolutions: to remove the defendant directors from their directorships; and to appoint Mr. Tsao Hoi Ho, Mr. Dai Lei, and Mr. Kuang Feng as independent non-executive directors from the date of the resolution; (ii) directing the defendant directors to convene a court-ordered extraordinary general meeting of shareholders; (iii) appointing Dr. Phillip Chan (or an alternative candidate Mr. Liu Minbin or Ms. Zha Mengling) as the chairman of the court-ordered extraordinary general meeting of shareholders; (iv) confirming and calculating the plaintiff's holdings of the company's shares (including 2.486 billion disputed shares held in the form of stock) and their accompanying voting rights at the court-ordered extraordinary general meeting of shareholders. The company is currently seeking legal advice on the writ of summons and will take all necessary and appropriate actions to defend the overall interests of the company and its shareholders.