Glonghui November 23丨Jinshi Investment (00901.HK) announced that on June 26, 2023, the company received a letter from the Stock Exchange containing the following guidelines on the resumption of trading of the company's shares (“Resumption Guidelines”):
(i) Resolve issues leading to no comment on the full year 2022 results, ensure that no further comments on relevant matters are required, and disclose sufficient information as required by Rule 13.50A of the Listing Rules to allow investors to make an informed assessment of the company's financial situation;
(ii) the withdrawal or revocation of the winding-up order against the company and the termination of the appointment of the liquidator;
(iii) prove that the company complies with rule 13.24 of the listing rules; and (iv) publish all important information for the company's shareholders and investors to evaluate the company's condition.
The Stock Exchange requires the Company to comply with all guidelines for the resumption of trading, correct the substantive issues that led to its suspension, and fully comply with the listing rules to satisfy the Stock Exchange before its securities are allowed to resume trading. To this end, the Company bears the primary responsibility of formulating its action plan for the resumption of trading. The Stock Exchange also stated that if the company's situation changes, the Stock Exchange may revise or supplement the resumption guidelines.