The board (the "Board") of directors (the "Directors") of Ping An Securities Group (Holdings) Limited announced that the Company received two statutory demands (the "Statutory Demands") both dated 8 July 2020 from two creditors pursuant to Section 327(4)(a) of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of Laws of Hong Kong), each demanding the Company to pay the amount of HKD 600,000, being the outstanding interest of the bonds issued by the Company to each of the creditors, within 21 days from the date of service of the Statutory Demands, failing which each of the creditors may commence winding up proceedings against the Company.