According to Zhitong Finance App News, Huafang Group (03611) issued an announcement. In addition to the resumption guidelines provided by the Stock Exchange as set out in the company's announcement dated June 23, 2023, the company received a letter from the Stock Exchange on May 6, 2024. Based on this, the Stock Exchange imposed an additional resumption guideline as shown in (vi) below on the resumption of trading of the company's shares. The guidelines for resuming trading are outlined below:
(i) Publish all unannounced financial results as required by the listing rules and process any audit revisions;
(ii) Conduct appropriate independent investigations, assess the impact on the company's business operations and financial situation, publish findings and take appropriate remedial measures;
(iii) Conduct an independent internal control review to prove that the company has established sufficient internal controls and procedures to comply with the listing rules;
(iv) Proving that the company has complied with section 13.24 of the Listing Rules;
(v) Publish all material information so that the company's shareholders and investors can assess its situation;
(vi) Proving that there are no reasonable regulatory concerns about the integrity, ability or character of the Group's management and/or any person who has a significant influence on the management and operation of the company, which may pose a risk to investors and damage market confidence.