METASPACEX (01796): The court did not issue any injunction orders.
China Smart Technology (01796) announced that the company has issued a notice regarding the proposal to issue and distribute 16.7 million new shares of the company and to terminate the proposed distribution. On March 5, 2026, the company received a general claim injunction seeking a permanent injunction to prevent the company from implementing, advancing, executing, and/or otherwise making the proposed distribution effective.
METASPACEX (01796) announced that it has proposed to issue and issue 16.7 million new shares of the company and terminate the proposed distribution matters. On March 5, 2026, the company received a summons seeking a permanent injunction to prevent the implementation, promotion, execution, and/or other means to implement the proposed distribution matters.
According to the summons served to all parties on March 10, 2026, the plaintiff sought relief to prevent the company from implementing the proposed distribution matters, with a hearing scheduled for March 13, 2026. After the hearing, the court did not issue any injunction orders. The board of directors believes that the above legal proceedings have not had and are not expected to have any significant adverse impact on the group's business operations or financial condition.
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