香港联合交易所有限公司
(香港交易及结算所有限公司全资附属公司)
THE STOCK EXCHANGE OF HONG KONG LIMITED
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)
ANNOUNCEMENT
In relation to the matter of
China Trends Holdings Limited
(Incorporated in Cayman Islands with limited liability)
(Stock Code: 8171)
Cancellation of listing
The Stock Exchange of Hong Kong Limited (the Exchange) announced that with effect from 9:00 am on 23 August 2021, the listing of the shares of China Trends Holdings Limited (the Company) will be cancelled under GEM Rule(s) 9.14A and/or 9.14.
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The Exchange announces that the listing of the Company's shares will be cancelled with effect from 9:00 am on 23 August 2021 under GEM Rule(s) 9.14A and/or 9.14.
Trading in the Company’s shares has been suspended since 11 March 2020. Under GEM Rule 9.14A, the Exchange may delist the Company if trading does not resume by 10 March 2021. Under GEM Rule 9.14, the Exchange may delist the Company at any time if the Exchange considers the Company to be non-compliant with GEM Rule 17.26.
The Company failed to fulfill the resumption guidance set by the Exchange and resume trading in its shares by 10 March 2021. The Exchange considered the Company to be non-compliant with GEM Rule 17.26. On 16 April 2021, the GEM Listing Committee decided to cancel the listing of the Company’s shares on the Exchange under GEM Rule(s) 9.14A and/or 9.14.
On 27 April 2021, the Company sought a review of the GEM Listing Committee’s decision by the GEM Listing Review Committee. On 10 August 2021, the GEM Listing Review Committee upheld the decision of the GEM Listing Committee to cancel the Company’s listing. Accordingly, the Exchange will cancel the Company’s listing with effect from 9:00 am on 23 August 2021.
The Exchange has requested the Company to publish an announcement on the cancellation of its listing.
The Exchange advises shareholders of the Company who have any queries about the implications of the delisting to obtain appropriate professional advice.
Ends