• Kontafarma’s indirect Singapore units True Fitness Pte. Ltd. and True Yoga Pte. Ltd. entered creditor-supervised liquidation steps on Sept. 10, 2026.
• Directors filed insolvency declarations, named two provisional liquidators, set Oct. 7 meetings to vote on creditors’ voluntary winding-up.
• Singapore fitness and yoga centers under True Fitness, Yoga Edition, TFX brands are expected to shut during the process.
• True Singapore Group posted 2025 revenue HK$181.2 million; loss HK$34.3 million; liabilities HK$555.5 million; net liabilities HK$405.8 million.
• Kontafarma expects HK$76.9 million intangible-asset impairment; intra-group net receivable HK$309.7 million at risk; guarantee exposure SGD 2.3 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Kontafarma China Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260910-12328500), on September 10, 2026, and is solely responsible for the information contained therein.