TIANYUN INT'L (06836) applies for the listing review committee to continue the suspension for review.

TIANYUN INT'L (06836) announces that the Board of Directors hereby notifies the company's shareholders and potential investors that, after seeking professional advice and careful consideration, the company submitted an application on November 12, 2024, in accordance with Chapter 2B of the Listing Rules, requesting the Listing Review Committee to conduct further and final review of the decision (review). Due to the Securities and Futures Commission informing the company of investigations into unauthorized transfers and exaggeration of the group's cash balance in audited and unaudited financial statements for certain financial years or periods, trading of the shares has been suspended on the Stock Exchange since March 26, 2024. As requested by the Securities and Futures Commission, the company has also suspended the duties and powers of Mr. Yang Ziyuan (former Chairman, CEO and Executive Director), Mr. Sun Xingyu (former Executive Director), and Mr. Sun Lei (former CFO), as they are involved in the matters under investigation by the Securities and Futures Commission. Following approval by the shareholders at a special general meeting held on July 8, 2024, Mr. Yang Ziyuan and Mr. Sun Xingyu were later removed from the Board of Directors (Board). The Chairman and major shareholder Mr. Yang supports the resumption of trading and application for review. Mr. Yang joined the Board on April 21, 2022 following unauthorized transfers disclosed in 2022, and through Rainbow Lead, provided an interest-free loan of HK$15 million to cover the professional fees and expenses for resuming trading and the operations of the group. Mr. Yang also pledged 145 million shares to the bankruptcy administrator through Rainbow Lead as security for the proposed restructuring plans of Shandong Tiantong, Tongtai Food and Yuanyu Trading (companies seemingly related to Mr. Yang Ziyuan), to repay debts to ordinary creditors with no asset pledge. As of September 19, 2024, the estimated debt owed to ordinary creditors by the bankruptcy administrator is approximately RMB 420 million. Additionally, trading of the company's shares remains suspended.