Evergrande subsidiary wound up; trading remains halted

China Evergrande Group (in liquidation) announced a winding-up order against subsidiary CEG Holdings on January 10, 2025, by the Hong Kong Court. Edward Simon Middleton and Wing Sze Tiffany Wong of Alvarez & Marsal Asia Limited, currently serving as joint provisional liquidators, will continue until a permanent liquidator is appointed. This follows a winding-up petition against CEG Holdings announced on September 13, 2024. Trading in Evergrande shares, suspended since January 29, 2024, remains halted. The company urges anyone with information relevant to the ongoing investigation and asset realization to contact the liquidators.