• Hong Kong's High Court ordered Zhenro Properties' subsidiary Zhenro Hong Kong wound up on November 9, 2026.
• The Official Receiver was appointed provisional liquidator, triggering loss of control and deconsolidation of the subsidiary group from that date.
• The subsidiary group accounted for 98.6% of total assets and 100% of revenue for 2025.
• Based on those financials, deconsolidation would leave group assets of approximately RMB 1.2 billion and no revenue.
• Trading in the parent's shares was suspended at 10:43 a.m. on November 9 pending the announcement.

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. Zhenro Properties Group 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-20261109-12405151), on November 09, 2026, and is solely responsible for the information contained therein.