King International Investment clarifies former directors’ identities, roles in lost-control healthcare subsidiaries

• King International issued a supplemental clarification on its FY2025 annual report disclosures on former directors and going-concern risks.
• Identified the former executive director as Liu Mingqing; identified Yan Ming as the executive director later re-designated to non-executive and suspended.
• Stated it lost control of certain healthcare-related subsidiaries when the former directors refused to hand over books and records; deconsolidated them from Oct. 1, 2024.
• Confirmed a first Hong Kong winding-up petition tied to a RMB 50 million+ goods contract was withdrawn; no payments made; no liability accepted.
• Flagged going-concern uncertainty: current liabilities about HKD 61.86 million versus cash about HKD 309,000, mostly restricted; pursuing collections, cost cuts, financing.

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