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2025 Supreme(HK)(HKCFI) 749

HCMP 1257/2024 and HCMP 1258/2024
(Heard Together)

[2025] HKCFI 4568

HCMP 1257/2024

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

MISCELLANEOUS PROCEEDINGS NO. 1257 OF 2024

______________________

BETWEEN

AXHT COMPANY LIMITED Plaintiff
and
王一诚 Defendant

______________________

AND

HCMP 1258/2024

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

MISCELLANEOUS PROCEEDINGS NO. 1258 OF 2024

____________________

BETWEEN

AXHT COMPANY LIMITED Plaintiff
and
李克凡 Defendant

______________________

(Heard Together)

Before: Deputy High Court Judge Yuen in Chambers
Date of Hearing: 11 September 2025
Date of Decision: 30 September 2025

______________________

D E C I S I O N

______________________

1. This is the hearing of the Plaintiff’s inter partes Summons for a Mareva Injunction in each of the above proceedings.

Introduction

2.1. By an Originating Summons (“ OS ”) issued on 19 July 2024 in HCMP1257/2024, AXHT Co Ltd (the Plaintiff) sued the defendant ( “Mr Wang ”) for repayment of a loan said to be owed by him under a Loan Agreement dated 7 November 2019.

2.2. By an OS issued on the same day in HCMP 1258/2024, the Plaintiff sued the defendant (“ Mr Li ”) for repayment of a loan said to be owed by him under a Loan Agreement dated 3 October 2019.

3. Mr Wang and Mr Li acknowledged service through solicitors on 23 and 24 September 2024 respectively.

4. On 18 November 2024, the Plaintiff filed an affirmation of Wong King Wai (“ WKW” ) in support of the OS in each proceeding.

5. On 11 December 2024, the Plaintiff issued a Summons for a Mareva Injunction in each proceeding. This was supported by the 2 nd affirmation of WKW filed on the same day.

6. On 17 December 2024, Mr Wang made an affirmation in Hong Kong in opposition to the application for a Mareva Injunction. As for Mr Li, he signed an affirmation on the mainland which was exhibited to an affirmation of his solicitor filed on the same day.

Deputy High Court Judge Andrew Li’s Order

7. On 20 December 2024, Deputy High Court Judge Andrew Li gave an interim-interim order in:

(1)  HCMP1257 restraining Mr Wang from disposing of his assets within Hong Kong up to the sum of HK$13,494,535.52 including funds and securities held at a securities company Anli Securities Ltd (“ ASL ”) in account no. P003187, and requiring him to disclose other assets;

(2)  HCMP1258 restraining Mr Li from disposing of his assets within Hong Kong up to the sum of HK$4,318,251.37 including funds and securities held with ASL in account no. P003165, and requiring him to disclose other assets.


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