MAYER HOLDINGS (01116) issued an announcement. On April 12, 2024, the company received a letter from the Stock Exchange setting out two additional guidelines for resuming trading of shares on the Stock Exchange:
1. Prove that the supervisory authority has no reasonable concerns about management integrity and/or persons with significant influence over the management and operation of the company that would pose risks to investors and damage market confidence.
2. Conduct an independent internal control review and prove that the company has sufficient internal controls and procedures in accordance with the Listing Rules.
On April 17, 2024, the company appointed Zhonghui Anda Risk Management Co., Ltd. (Internal Control Advisor) as its independent professional advisor to conduct a comprehensive review to identify any deficiencies in the company's internal controls and make suggestions to improve the company's internal controls and ensure compliance with the Listing Rules.
Furthermore, trading of the company's shares continues to be suspended.