Wuzhou International Holdings Limited announced that as part of the Group's restructuring and upon request by relevant creditors, Wuzhou International Investment Limited, the sole shareholder of Hong Kong Wuzhou International Group Limited, an indirect wholly-owned subsidiary of the Company, resolved that Hong Kong Wuzhou could not by reason of its liabilities, continue its business, and that it should be wound up. Accordingly, on 21 August 2020, a special resolution was duly passed by the sole shareholder of Hong Kong Wuzhou to wind up Hong Kong Wuzhou by way of creditors' voluntary liquidation. Reasons for the Voluntary Winding-Up of Hong Kong Wuzhou: The Group is principally engaged in property development, and it mainly generates its revenue from (i) sale of properties, (ii) rental income, (iii) commercial management service and property management service and (iv) property consulting service.