KHOON GROUP (00924) receives a letter from the joint temporary liquidators of the main shareholders

The KHOON GROUP (00924) has issued an announcement that the company's board of directors recently received a letter from the legal representative and joint provisional liquidators of Southern Heritage Limited (Southern Heritage) in provisional liquidation. Southern Heritage is a major shareholder of the company. The letter contains several requests and queries regarding the following matters: (i) meeting with the board of directors to discuss the company's recent financial performance; (ii) information and documents related to the company's operations and statutory records; and (iii) the company's compliance and regulatory measures. The company has engaged overseas legal advisors to review and verify the matters mentioned in the letter. According to the latest company search results, Mr. Chen Zhi still owns Southern Heritage entirely, and he is considered to hold interests in the company through his ownership of Southern Heritage. The board of directors has also verified the appointment of the joint provisional liquidators of Southern Heritage. The company is currently seeking professional advice to assess the requests made in the letter and clarify any potential impacts on the company's position. The board of directors pledges to act in the best interests of the company and its stakeholders.