The Exchange announces that the listing of the Company's shares will be cancelled with effect from 9:00 am on 29 December 2023 under GEM Rule 9.14A.
Trading in the Company’s shares has been suspended since 15 July 2022. Under GEM Rule 9.14A, the Exchange may delist the Company if trading does not resume by 14 July 2023.
The Company failed to fulfill the resumption guidance set by the Exchange and resume trading in its shares by 14 July 2023. On 18 August 2023, the GEM Listing Committee decided to cancel the listing of the Company’s shares on the Exchange under GEM Rule 9.14A.
On 28 August 2023, the Company sought a review of the GEM Listing Committee's decision by the GEM Listing Review Committee. On 14 December 2023, 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 29 December 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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