VPOWER GROUP (01608.HK): court allows convening of scheme creditors meeting

NewTimeSpace News: On 21 October 2026, VPower Group International Holdings Limited (stock code: 01608) announced that the High Court of the Hong Kong Special Administrative Region granted an order on that day for the Company to be at liberty to convene a meeting of the Scheme Creditors to consider and, if thought fit, approve (with or without modification) the proposed scheme under sections 670, 673 and 674 of the Companies Ordinance (Cap. 622 of the Laws of Hong Kong).

The notice of the scheme meeting, together with the relevant proposed scheme documentation, will be issued at least 21 days before the day appointed for the scheme meeting, and scheme creditors are reminded to arrange for all necessary actions to be taken promptly upon receipt of such documentation. Following approval by the scheme creditors at the meeting, the proposed scheme remains subject to the approval and sanction of the Court at the sanction hearing presently listed to take place on 8 December 2026 and to the satisfaction or waiver of certain conditions (as applicable).

The information agent is Ernst & Young Transactions Limited, through which scheme creditors may obtain further information and documents on the proposed scheme. The Company will make further announcements as and when appropriate, and cautioned that the proposed scheme may or may not proceed, advising shareholders, investors and potential investors to exercise caution when dealing in the shares of the Company.