Summary by Moomoo AI
C Zinith Chem Group Limited ("the Company") issued a supplementary announcement on October 2, 2024, clarifying the previously delayed disclosure of the sale matters due to non-compliance with listing rules. The Company signed a temporary sales agreement with the buyer on September 26, 2024, but only announced it on October 2, violating the provisions of Section 14.34 and Appendix D2 Section 45(3)(b) of the listing rules. This non-compliance stemmed from poor internal communication, as the management overlooked the relevant disclosure requirements during the preparation of the performance announcement. The Company acknowledges the need to comply with the regulations and states that the non-compliance was an unintentional oversight, not an intentional concealment of information. To prevent similar incidents in the future, the Company will enhance internal training, raise awareness of listing rules, and collaborate with legal advisors to ensure timely disclosures. The announcement was issued by Acting CEO Luo Ziping on October 9, 2024.
