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Masterbeef Group trading halted, volatility trading pause

New York Attorney General Letitia James and a bipartisan coalition of 50 other attorneys general announced a nearly $150M settlement with Mercedes-Benz USA, resolving violations of environmental and consumer protection laws stemming from the company's use of illegal emissions-cheating software. A multistate investigation led by Attorney General James and eight other attorneys general found that Mercedes equipped hundreds of thousands of diesel vehicles with undisclosed software designed to cheat emissions tests, mislead consumers, and illegally pollute communities nationwide. Under the settlement, Mercedes will pay $149,673,750 to the coalition, including more than $13.5M to New York to fight air pollution, and provide $2,000 payments to eligible owners and lessees whose vehicles receive the required emissions repairs. The company must also undertake broad corrective actions to prevent future misconduct and comply with strict oversight requirements.

MasterBeef Group announced the results of the Company's Annual General Meeting of Members held on December 12, 2025, at the law firm of Taylor Wessing, located at 21st Floor, 8 Queen's Road Central, Hong Kong on 12 December 2025 at 11:00 a.m. At the AGM, the Company's members approved and ratified the appointment of the following sevenpersons to serve as directors of the Company until the next annual meeting of Members and thereafter until their successors shall have been elected and qualified: Oi Wai Chau, Executive Director; Oi Yee Chau, Executive Director; Tsz Kiu So, Executive Director; Lok Ming Leung; Man Fai Danny Liu; Hiu Wa Chan; and Chung Fan Cheng. At the AGM, the Company's members also approved an ordinary resolution to ratify the appointment of OneStop Assurance PAC as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025.