Matter

Zhuang Yuejin and Others v Bai Ping (Hong Kong District Court DCCJ 324/2025; [2026] HKDC 1812)

Hong Kong proceedings concerning beneficial ownership of shares in Joystar (Hong Kong) Holdings Limited, a bare-trust arrangement, related mainland proceedings, and an application to set aside a default judgment.

Cross-border litigation
Parallel proceedings

13 October 2026Hong Kong
13 October 2026Hong Kong
Decision of the District Court of the Hong Kong Special Administrative Region in the case DCCJ 324/2025 dated 13 October 2026
District Court of the Hong Kong Special Administrative Region
Case no.
DCCJ 324/2025
Citation
[2026] HKDC 1812
Decision summary
The court dismissed the Defendant's summons to set aside the default judgment and stay its execution, finding that the alleged termination of the 2006 shareholding confirmation and trust arrangement lacked a real prospect of success. It ordered the Defendant to pay the Plaintiffs' costs.
Participants
Application
Defendant's application to set aside the default judgment — Dismissed
Application
Defendant's application to stay execution of the judgment pending determination of the setting-aside application — Dismissed
Zhuang Yuejin
Representative
Timothy Lam (For: Zhuang Yuejin · Han Zhiqing · Zhang Yayu · Fu Rongxian · Nie Zhen · Xu Baoguo)
Representative
Guantao & Chow Solicitors and Notaries (For: Zhuang Yuejin · Han Zhiqing · Zhang Yayu · Fu Rongxian · Nie Zhen · Xu Baoguo)
Han Zhiqing
Representative
Timothy Lam (For: Zhuang Yuejin · Han Zhiqing · Zhang Yayu · Fu Rongxian · Nie Zhen · Xu Baoguo)
Representative
Guantao & Chow Solicitors and Notaries (For: Zhuang Yuejin · Han Zhiqing · Zhang Yayu · Fu Rongxian · Nie Zhen · Xu Baoguo)
Zhang Yayu
Representative
Timothy Lam (For: Zhuang Yuejin · Han Zhiqing · Zhang Yayu · Fu Rongxian · Nie Zhen · Xu Baoguo)
Representative
Guantao & Chow Solicitors and Notaries (For: Zhuang Yuejin · Han Zhiqing · Zhang Yayu · Fu Rongxian · Nie Zhen · Xu Baoguo)
Fu Rongxian
Representative
Timothy Lam (For: Zhuang Yuejin · Han Zhiqing · Zhang Yayu · Fu Rongxian · Nie Zhen · Xu Baoguo)
Representative
Guantao & Chow Solicitors and Notaries (For: Zhuang Yuejin · Han Zhiqing · Zhang Yayu · Fu Rongxian · Nie Zhen · Xu Baoguo)
Nie Zhen
Representative
Timothy Lam (For: Zhuang Yuejin · Han Zhiqing · Zhang Yayu · Fu Rongxian · Nie Zhen · Xu Baoguo)
Representative
Guantao & Chow Solicitors and Notaries (For: Zhuang Yuejin · Han Zhiqing · Zhang Yayu · Fu Rongxian · Nie Zhen · Xu Baoguo)
Xu Baoguo
Representative
Timothy Lam (For: Zhuang Yuejin · Han Zhiqing · Zhang Yayu · Fu Rongxian · Nie Zhen · Xu Baoguo)
Representative
Guantao & Chow Solicitors and Notaries (For: Zhuang Yuejin · Han Zhiqing · Zhang Yayu · Fu Rongxian · Nie Zhen · Xu Baoguo)
Bai Ping
Representative
Tommy Cheung (For: Bai Ping)
Representative
Chiu, Szeto & Cheng (For: Bai Ping)
District Court of the Hong Kong Special Administrative Region
Judge
Patrick Siu
Authorities cited
4
- Fameway Finance Ltd v Joy Rich Development Ltd [2024] HKCFI 2204
  case-law
- Liu Yuechao v Tihimi Resources Ltd [2019] HKCFI 2016
  case-law
- Chiyu Banking Corporation Ltd v Garswell Ltd [2026] HKCFI 4339
  case-law
- Huang Mucai v Cheng Zhen Shu, HCA 1237/2011, 17 September 2012
  case-law
Source

Procedural record

Participants

Zhuang Yuejin

Han Zhiqing

Zhang Yayu

Fu Rongxian

Nie Zhen

Xu Baoguo

Bai Ping

District Court of the Hong Kong Special Administrative Region

Authorities cited