Geotech Holdings Ltd. Provides Update on Liquidation Application Against Subsidiary

Key Points for Investors

• Adjournment of Liquidation Hearing: The hearing of the liquidation application filed against Praise Marble Limited, a subsidiary of Geotech Holdings Ltd., has been postponed. The new hearing date is set for 13 April 2026.
• No Winding-up Order Issued: As of this announcement, the British Virgin Islands (BVI) Court has not granted a winding-up order against Praise Marble Limited. The mere filing of the application does not imply that the winding-up process has been successful or concluded.
• Potentially Price-Sensitive Information: The outcome of the liquidation application—especially any future court orders—could have significant implications for Geotech Holdings Ltd. and may affect the company’s share price. The company has committed to updating shareholders and investors about any major developments in this matter.

Details of the Announcement

Geotech Holdings Ltd., a company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange (Stock Code: 1707), has issued an update related to the ongoing liquidation proceedings involving its subsidiary, Praise Marble Limited.

The Company referenced earlier announcements made on 14 January 2026 and 30 January 2026 regarding the presentation of a liquidation application against Praise Marble Limited. According to the latest update from the company’s legal advisers, the hearing for this liquidation application has now been adjourned to 13 April 2026.

It is crucial for shareholders to note that, as of the date of this announcement, the BVI Court has not issued any winding-up order against Praise Marble Limited. The filing of the application alone does not equate to the successful winding-up or liquidation of the subsidiary.

The company has emphasized its commitment to keeping shareholders and potential investors informed of any major developments related to the liquidation application. Further announcements will be made as appropriate.

Implications for Shareholders

• Share Price Volatility: The liquidation process for a subsidiary can have material consequences for the financial health and operations of Geotech Holdings Ltd. Depending on the outcome, this could impact the company’s valuation and share price.
• Ongoing Uncertainty: The adjournment extends the period of uncertainty for the company, which may influence investor sentiment and trading activity.
• Caution Advised: The company has expressly recommended that shareholders and potential investors exercise caution when dealing in the shares of Geotech Holdings Ltd. until further updates are provided.

Board Composition

As at the date of the announcement, the board comprises Mr. Hui Sai Kwong, Garrison as Executive Director, and Mr. Chan Tsang Mo, Mr. Shen Zejing, Mr. Lawrence James Edwards, and Ms. Tam Yuk Mei as Independent Non-Executive Directors.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are urged to conduct their own research and consult professional advisors before making investment decisions. The company will provide further updates as significant developments arise.

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