VPower Group clarifies ownership amid winding-up petitions

VPower Group International Holdings Limited has issued a supplemental announcement regarding winding-up petitions filed by CRRC Hongkong Capital Management Co., Limited. The petitions, dated November 28, 2025, target VPower Group and VPower Group Holdings Limited (VGHL), an indirect wholly-owned subsidiary. These petitions relate to finance lease agreements involving the petitioner, VGHL, and VPower Technology Company Limited (VPT).

The announcement clarifies that VPT, not a subsidiary of VPower Group, is wholly owned by Sharkteeth Investments Limited. Sharkteeth is held 57.6% by Mr. Lam Yee Chun (an executive director and substantial shareholder), 19.2% by Mr. Lam's spouse, and 4.0% by CRRC (Hong Kong) Co. Limited, with the remainder held by two Group employees. As an associate of Mr. Lam, VPT is considered a connected person under Chapter 14A of the Listing Rules.

VPower Group is currently seeking legal advice regarding the petitions and has no immediate plans to apply for a court validation order. The company advises shareholders and potential investors to exercise caution when trading its securities.