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Welife Technology Limited ( (HK:1703) ) just unveiled an update.
Welife Technology Limited issued a supplemental announcement to correct an error in its annual results for the year ended 31 March 2025. The error pertained to the currency type in a remuneration agreement with Jasons, involving a consultancy fee of HK$RMB9,400,000 to be settled through the issuance of shares. The company later withdrew the application to issue these shares, and Jasons’ lawyer has filed a petition to wind up the company due to alleged unpaid debts. This development could significantly impact the company’s financial standing and its stakeholders.
More about Welife Technology Limited
Welife Technology Limited is a company incorporated in the Cayman Islands, operating in the technology sector. It is listed on the Hong Kong Stock Exchange under the stock code 1703.
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$55.2M
See more insights into 1703 stock on TipRanks’ Stock Analysis page.