Summary of Event

Grand Ming Group Holdings Limited (“the Company”, Stock Code: 1271) has disclosed that a winding-up petition has been filed against its wholly-owned subsidiary, Grand Tech Construction Company Limited (GTC), by The Jardine Engineering Corporation Limited (“the Petitioner”). The petition was lodged in the High Court of Hong Kong on 10 March 2026 and came to the attention of the Company on 12 March 2026. The petition seeks a court order to wind up GTC under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of the Laws of Hong Kong). A court hearing for the petition is scheduled for 27 May 2026.

Financial Details of the Petition

• The petition relates to outstanding payments under three invoices, totaling HK\$14,740,421.06. These invoices are connected to two sub-contracts for the design, supply, and installation of generator and fuel systems.
• The payment due dates for these invoices were 18 December 2025, 16 January 2026, and 18 January 2026, respectively.
• As of the announcement date (13 March 2026), no winding-up order has been granted by the court.

Subsidiary Profile and Group Exposure

• GTC is a Hong Kong-incorporated company engaged in construction and engineering.
• For the six months ended 30 September 2025, GTC contributed only about 0.001% of the Group’s revenue (Group revenue: approximately HK\$253.5 million).
• As at 30 September 2025, GTC accounted for approximately 0.548% of the Group’s total assets (total assets: about HK\$9,405.8 million).

Management’s Response and Risk Assessment

• The Company is actively engaging with the Petitioner to seek an amicable resolution and has sought legal advice to determine the best response.
• The Board considers that the amount claimed in the petition does not have a material adverse impact on the operations or financial position of the Group.
• The Company promises to keep shareholders and investors updated of any significant developments.

Important Shareholder Considerations

• This announcement constitutes inside information under Hong Kong regulations.
• The filing of a winding-up petition, even against a minor subsidiary, can be a price-sensitive event. Such legal actions have the potential to affect investor confidence and share price, especially if they signal underlying financial or operational issues.
• However, given GTC’s minimal contribution to overall revenue and assets, the direct financial impact appears limited. Still, the Company’s ability to resolve the dispute amicably without adverse legal consequences remains important for sentiment.
• Shareholders and potential investors are advised to exercise caution in dealing in the shares of the Company until further updates are provided.

Next Steps

• The High Court hearing is scheduled for 27 May 2026.
• The Company will make further announcements if there are significant developments.

Board Composition

As of the date of the announcement, the executive directors of the Company are Mr. Chan Hung Ming (Chairman), Mr. Lau Chi Wah, and Ms. Chan Pui Yin Apple; the independent non-executive directors are Mr. Tsui Ka Wah, Mr. Kan Yau Wo, Mr. Ho Chiu Yin Ivan, and Mr. Lee Chung Yiu Johnny.

Disclaimer

The above article is for informational purposes only and does not constitute investment advice. Investors should conduct their own research and consult with professional advisors before making any investment decisions. The Company may issue further updates regarding the winding-up petition, and shareholders are encouraged to monitor official announcements closely.

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