AM Group (01849) has received the resumption guidance from the Hong Kong Stock Exchange.

date
24/12/2024
avatar
GMT Eight
AM GROUP (01849) issued an announcement on December 23, 2024, stating that the company received a letter from the Stock Exchange containing guidelines for resuming the trading of the company's shares: - Disclose all unpublished financial performance as required by listing rules and address any audit adjustments; - Provide evidence of the integrity, ability, and/or character of management and/or any individuals with significant influence on the company's management and operations, to allay any regulatory concerns that may pose risks to investors and undermine market confidence; - Conduct an independent internal monitoring review, and demonstrate that the company has sufficient internal monitoring and procedures in place to comply with listing rules; - demonstrate compliance with listing rule 13.24; - and disclose all significant information to the market for the assessment of the company's shareholders and investors. As of the date of this announcement, the Group's digital marketing business continues as usual, however, the Board has been unable to obtain information and documents regarding the online e-commerce platform business, thus the Board is unable to confirm the status of the Group's online e-commerce platform business.

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