The Exchange announces that the listing of the Company's shares will be cancelled with effect from 9:00 am on 23 January 2025 under GEM Rule 9.14A(1).
Trading in the Company’s shares has been suspended since 1 December 2023. Under GEM Rule 9.14A(1), the Exchange has the right to delist the Company if trading did not resume by 30 November 2024.
The Company failed to fulfill the resumption guidance set by the Exchange and resume trading in its shares by 30 November 2024. On 13 December 2024, the Listing Committee decided to cancel the listing of the Company’s shares on the Exchange under GEM Rule 9.14A(1).
On 23 December 2024, the Company sought a review of the Listing Committee's decision by the Listing Review Committee. On 10 January 2025, the Company withdrew its review application. Accordingly, the Exchange will cancel the Company's listing with effect from 9:00 am on 23 January 2025.
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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