Huifeng Co., Ltd. announced that its subsidiary, Shijiazhuang Ruikai Chemical Co., Ltd., has been ordered by the People's Court of Zhao County, Hebei Province to accept a compulsory liquidation application, effective from August 4, 2026. Ruikai Chemical is a 51.0044% owned subsidiary of the company and had previously been ordered to dissolve by the court. Because the liquidation obligor failed to establish a liquidation committee within the prescribed period, an interested party applied to the court for compulsory liquidation. The company stated that Ruikai Chemical has ceased operations and is not included in the consolidated financial statements. This liquidation will not have a material adverse impact on the company's main business or daily operations, and the value of the company's equity stake will ultimately be determined based on the liquidation results.
Jiangsu Huifeng Agrochemical Co LtdSubsidiary Ruikai Chemical ordered into compulsory liquidation by court, though company says no material impact on main business.
