PALADIN (00495) intends to apply for the decision to list on the Science and Technology Board for review by the Listing Committee.

PALADIN (00495) announced that on November 15, 2024, the company received a letter from the Stock Exchange stating that the Listing Division has determined that the company has not maintained a sufficient level of operating and asset value as required by Rule 13.24 of the Listing Rules, and the trading in the company's shares should be suspended in accordance with Rule 6.01(3) of the Listing Rules. The Listing Division has indicated that unless the company applies for a review of the decision in accordance with Chapter 2B of the Listing Rules, the trading in the company's shares will be suspended on November 27, 2024. According to Rule 6.01A(1) of the Listing Rules, if a company's shares remain suspended for 18 months, the Stock Exchange may cancel its listing status. Under Chapter 2B of the Listing Rules, the company has the right to request a review of the Listing Division's decision by the Listing Committee. Any request for review must be submitted to the Secretary of the Listing Committee within 7 business days from November 15, 2024. The company intends to apply for this review.