The Exchange announces that the listing of the Company's shares will be cancelled with effect from 9:00 am on 16 May 2023 under GEM Rule 9.14A.
Trading in the Company’s shares has been suspended since 14 March 2022. Under GEM Rule 9.14A, the Exchange may delist the Company if trading does not resume by 13 March 2023.
The Company failed to fulfill the resumption guidance set by the Exchange and resume trading in its shares by 13 March 2023. On 24 March 2023, the GEM Listing Committee decided to cancel the listing of the Company’s shares on the Exchange under GEM Rule 9.14A.
On 4 April 2023, the Company sought a review of the GEM Listing Committee's decision by the Listing Review Committee. On 3 May 2023, the Company withdrew its review application. Accordingly, the Exchange will cancel the Company’s listing with effect from 9:00 am on 16 May 2023.
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.
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