The Exchange announces that the listing of the Company’s shares will be cancelled with effect from 9:00 am on 16 August 2024 under GEM Rule 9.14A(1).
Trading in the Company’s shares has been suspended since 3 April 2023. Under GEM Rule 9.14A(1), the Exchange may delist the Company if trading does not resume by 2 April 2024.
The Company failed to fulfill the resumption guidance set by the Exchange and resume trading in its shares by 2 April 2024. On 10 May 2024, the GEM Listing Committee decided to cancel the listing of the Company’s shares on the Exchange under GEM Rule 9.14A(1).
On 22 May 2024, the Company sought a review of the GEM Listing Committee's decision by the GEM Listing Review Committee. On 5 August 2024, 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 16 August 2024.
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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