Sunshine 100 China Holdings faces statutory demand

Sunshine 100 China Holdings has received a statutory demand from creditors HTI Financial Solutions Limited and Haitong International Financial Products Limited, demanding payment of US$205,019,142.44 and HK$450,000. The demand, received on July 7, 2025, relates to payments pursuant to a Consent Judgment, a Tomlin Order, and interest accrued on a Notes Purchase Agreement. The creditors are invoking Sections 178(1)(a) or 327(4)(a) of the Companies (Winding Up and Miscellaneous Provisions) Ordinance. The company is actively seeking legal advice and intends to discuss debt restructuring with the creditors. Shareholders and potential investors are advised to exercise caution.