On December 18, Glonghui reported that VISION DEAL-Z (07827.HK) announced it has received a letter from the Stock Exchange dated December 17, 2024, informing the company of its decision. Given that the company has failed to meet the announcement deadline under Listing Rule 18B.69, and there is no reasonable justification for an exemption from compliance with the provisions of Listing Rule 18B.69, the Stock Exchange has exercised its power to suspend trading of the company’s securities from 9:00 AM on December 10, 2024 (the "Decision").
According to Listing Rule Chapter 2B, the company has the right to submit the Decision for review by the Listing Committee. Any review request must be delivered to the Secretary of the Listing Committee within seven business days from the date of the Decision (i.e., on or before December 30, 2024) in accordance with Listing Rule 2B.08(1). The company is seeking professional advice and will, at an appropriate time, apply for the Decision to be submitted to the Listing Committee for review according to Listing Rule Chapter 2B. Following the suspension of trading under Listing Rule 18B.73, the company's listing status will be cancelled after the company refunds funds to its Shareholders in accordance with Listing Rule 18B.74. The Board of Directors hereby reminds the company’s Shareholders and potential investors that the relevant review results of the Listing Committee are uncertain.
