Ever Fortune (HKG:0875) says that its applications made to the High Court and to the Supreme Court of Bermuda for respective order to convene a scheme meeting for the purpose of considering and, if thought fit, approving the Hong Kong scheme and the Bermuda scheme have been granted on 13 January 2012 and 3 January 2012 respectively.

Trading of the company's shares has been suspended at the request of the company since 28 April 2005 and will remain suspended until further notice.

The scheme meeting convened at the directions of the High Court and the Supreme Court of Bermuda is scheduled to be held on 9 February 2012. Documents of the schemes will be despatched to the creditors on 17 January 2012.

Since additional time is required for the compliance with the resumption conditions, the company shall make an application to the Stock Exchange for an extension of time for compliance. Further announcement will be made by the company in respect of the revised tentative timetable for the resumption, the capital restructuring and the change in board lot size.