Road King Infrastructure Limited: Adjournment of Winding Up Application Against Wholly-Owned Subsidiary, New Select Global Limited

Key Points of the Announcement

• Winding Up Application Adjourned: Road King Infrastructure Limited has announced that the winding up application against its wholly-owned subsidiary, New Select Global Limited, has been adjourned by order of the BVI Court. The new hearing date is set for 16 March 2026.
• Appointment of Provisional Liquidators: The adjourned hearing will also consider New Select’s application for the appointment of provisional liquidators at the same sitting.
• Ongoing Legal Proceedings: This development follows previous announcements made by the Company on 21 November 2025, 19 January 2026, and 3 February 2026 regarding the liquidation application filed against New Select Global Limited.
• Investor Communication: The Company has committed to keeping shareholders and investors promptly informed regarding any significant developments related to the winding up application and any holistic solutions that may emerge.

Potentially Price-Sensitive Information for Shareholders

• Risk of Subsidiary Liquidation: The ongoing legal action and the potential appointment of provisional liquidators to New Select Global Limited, a wholly-owned subsidiary, are significant events. These could have material impacts on the Group’s operations, financial health, and market confidence.
• Uncertainty and Timing: The adjournment injects further uncertainty into the resolution timeline. Shareholders should be aware that the outcome of the hearing on 16 March 2026 could be pivotal, with possible implications for the value of their holdings in Road King Infrastructure Limited.
• Regulatory Disclosure and Transparency: The Company is acting in accordance with the Listing Rules and Inside Information Provisions, underscoring the importance and sensitivity of this matter for the market.
• Board Oversight: The announcement has been issued under the authority of Chairman Zen Wei Peu, Derek, and provides an updated list of board members to assure investors of proper management oversight.

Details for Investors

Road King Infrastructure Limited (“the Company”), listed on the Hong Kong Stock Exchange (Stock Code: 1098), has released a material update regarding legal proceedings involving its wholly-owned subsidiary, New Select Global Limited. The BVI Court has adjourned the hearing of the winding up application, which was originally scheduled earlier, to 16 March 2026. Importantly, this adjourned date will also address New Select’s request for the appointment of provisional liquidators.

This legal case is highly significant as it involves the possible liquidation of a key subsidiary, which could have a direct impact on the Company’s consolidated financial statements and investor confidence. The Company has reiterated its commitment to transparency and timely disclosure, stating that it will announce any major developments as required by the rules governing the listing of securities in Hong Kong.

The Board strongly urges shareholders, potential investors, and market participants to pay close attention to the related risks. They are reminded to exercise caution when trading the Company’s shares, given the uncertainty and potential price volatility stemming from these ongoing legal proceedings.

Board of Directors

• Executive Directors: Zen Wei Peu, Derek; Fong Shiu Leung, Keter; Ng Fun Hung, Thomas
• Non-executive Directors: Yan Zhongyu; Deng Hongyu
• Independent Non-executive Directors: Wong Wai Ho; Cheung Hon Kit, Edwin; Ho Tai Wai, David; Lam Man Kuen, Phyllis

The announcement was issued in Hong Kong on 20 February 2026.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are advised to conduct their own due diligence and consult professional advisers before making any investment decisions. The information provided herein is based on public disclosures and may be subject to updates and changes.

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