Tai United Holdings Limited: Significant Update on Court-Ordered Withdrawal and Transfer of Subsidiaries’ Bank Deposits in the PRC

Key Highlights

• As of 28 April 2026, approximately RMB62.4 million in onshore bank deposits belonging to the Company’s subsidiaries, Jinzhou Jiachi and Guangzhou Rongzhi, have been withdrawn and transferred to accounts held by the PRC court.
• This amount marks a notable increase from the previously disclosed RMB52.5 million as of 31 December 2025.
• Neither subsidiary has received any further official notice or documentation from the PRC court regarding the withdrawals and transfers.
• The subsidiaries and their legal advisors in the PRC are actively investigating the circumstances and reasons behind these actions.

Details of the Announcement

Tai United Holdings Limited has issued a voluntary announcement to inform shareholders and investors of a significant event affecting its financial position. The company reported that, since the last annual results announcement, an additional RMB9.9 million (totaling RMB62.4 million) in bank deposits was withdrawn from its two key subsidiaries, Jinzhou Jiachi and Guangzhou Rongzhi, and transferred to accounts controlled by the PRC court.

Despite the gravity of the situation, both subsidiaries have, as of the date of the current announcement, not received any additional court notices or documentation from the PRC authorities detailing the reasons for or the legal basis of these withdrawals and transfers. The company, through its subsidiaries and PRC legal advisors, is currently collecting more information and working to ascertain the underlying causes.

Potential Impact on Shareholders and Share Price

• Material Impact on Liquidity: The withdrawal and transfer of RMB62.4 million in cash assets could significantly affect the liquidity and operational flexibility of Jinzhou Jiachi and Guangzhou Rongzhi, which may have a knock-on effect on the financial health of the Group.
• Legal and Regulatory Uncertainty: The lack of formal communication from the PRC court introduces substantial legal and regulatory uncertainty. Investors should be aware that the final resolution or outcome of this situation remains unclear and could materially impact the Group’s operations and asset values.
• Market Sensitivity: Given the size of the withdrawn amount and the ongoing uncertainty, the news is potentially price-sensitive and could lead to increased volatility in the Company’s share price as investors react to the risk of asset loss and the lack of clarity over future developments.

Board Composition

As of the date of the announcement, the Board of Directors comprises Mr. Su Shigong (Chairman) and Ms. Yang Yuhua as executive directors; Mr. Lu Yunsong as non-executive director; and Dr. Gao Bin, Mr. Leung Ting Yuk, and Ms. Song Yanjie as independent non-executive directors.

Investor Guidance

The Company has explicitly reminded shareholders and other investors to exercise caution when dealing in the Company’s securities amid these developments, due to the potential risks and uncertainties involved.

Disclaimer: This article is based on the Company’s public disclosure as of 28 April 2026. The situation is ongoing and subject to change as further information becomes available. Investors are strongly advised to monitor official Company announcements and consult with their financial advisors before making any investment decisions related to Tai United Holdings Limited.

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