The leaders of Hong Kong's Democratic Party have announced plans to dissolve what was once the city's largest opposition group. Members will soon vote on the final decision on whether to shut down the 31-year-old party, chairman Lo Kin-hei said.

Hong Kong's Democratic Party said Thursday it is formally dissolving what once was the main political opposition group in the city. A task force has been set up to handle the legal and financial details of dissolution.

Hong Kong's Democratic Party has announced plans to disband. Established in 1994, it became the territory's main opposition group. Several party members have been jailed under Hong Kong's National Security Law.