TAI UNITED HOLD's subsidiary transfers RMB 52.5 million deposit to Chinese court account

TAI UNITED HOLD (00718.HK) announced that on June 16, Jinzhou Jiachi and Guangzhou Rongzhi collectively withdrew and transferred approximately RMB 52.5 million of domestic deposits to an account held by the Chinese court. Currently, neither Jinzhou Jiachi nor Guangzhou Rongzhi has received any other notifications or documents from the relevant Chinese court regarding the withdrawal and transfer. Jinzhou Jiachi, Guangzhou Rongzhi, and their Chinese legal advisors are currently gathering information related to the withdrawal and transfer and determining the reasons