---
title: "CLOUDBREAK: Cedar Wealth's application to withdraw arbitration proceedings has been approved"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/274233283.md"
description: "CLOUDBREAK-B stated that the company has reached a settlement agreement with CLOUDBREAK-B Guangzhou and Cedar Wealth. The Shanwei Arbitration Commission recently notified that it has approved Cedar Wealth's withdrawal of the arbitration application, and the arbitration fees related to the arbitration procedure will be borne by Cedar Wealth"
datetime: "2026-01-30T01:51:23.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/274233283.md)
  - [en](https://longbridge.com/en/news/274233283.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/274233283.md)
---

# CLOUDBREAK: Cedar Wealth's application to withdraw arbitration proceedings has been approved

Cloudbreak (02592.HK) stated that the company has entered into a settlement agreement with Cloudbreak Guangzhou and Cedar Wealth. The Shanwei Arbitration Commission recently notified that it has approved Cedar Wealth's withdrawal of the arbitration application, and the arbitration costs related to the arbitration procedure will be borne by Cedar Wealth

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