The Antigua High Court ruled that the SciFund-led board of directors of Cossing carried out its duties.

Sinovac announced that the High Court of Antigua has ruled that Simon Anderson, Fu Shan, Jiao Shuge, Lu Yulin, Qiu Yumin, Wang Yu, Yan Yan, and Yin Weidong constitute the board of directors of the company to exercise the powers of the board of directors until the trial of the dispute at the special shareholder meeting in 2025. The above ruling by the High Court of Antigua was based on a hearing held on October 27, 2025. At the hearing, Sequoia Fund and Oak Capital, and Qiangxin Capital respectively applied to the court for injunctions, asking the court to confirm the composition of the board of directors they each support pending a final ruling by the court on the dispute over the results of the special shareholder meeting held on July 8, 2025. The High Court of Antigua has scheduled the formal hearing of the shareholder meeting dispute for late April to early May in 2026, and the court will make a ruling after the trial ends. The board of directors held a board meeting on December 17, 2025, reaffirming the board's commitment to resume trading of Sinovac stocks on NASDAQ and to facilitate reconciliation among all parties involved to ensure the stability of the company's operations.