VISIONDEAL-Z (07827) is currently seeking professional opinions and considerations on the resumption of trading decision by the Listing Committee.

VISIONDEAL-Z (07827) announces that the company has received a letter from the Listing Committee of the Stock Exchange (HKEX) dated February 21, 2025, notifying the company of its decision to re-examine the hearing, which is that the Listing Committee agrees with the decision of the Listing Department to suspend the trading of the company's securities in accordance with Rule 18B.73(2) of the Listing Rules, on the grounds that the company failed to meet the announcement deadline under Rule 18B.69 of the Listing Rules, and there is no reason to exempt the company from compliance with the provisions of Rule 18B.69 of the Listing Rules. The announcement states that the company is deeply disappointed with the decision of the Listing Committee. The company cannot agree with the unilateral adoption by the Listing Department and the Listing Committee of an interpretation of Rule 18B.69 that is inconsistent with the written rules and publicly available guidance, and the company's senior legal advisors also consider this to be a mistake. Furthermore, this interpretation has never been promulgated or communicated to the market or the company in any way. The company hereby reiterates that the failure of the original special purpose acquisition company merger transaction was an unfortunate event, and the company has swiftly taken action to identify a new target for a special purpose acquisition company merger and has obtained full shareholder support to proceed with a new special purpose acquisition company merger transaction. The company believes that the trading suspension decision and the re-examination decision of the Listing Committee are unfair, as they fail to consider that despite the unexpected failure of the original special purpose acquisition company merger transaction, (i) the company has been tirelessly working towards the success of the special purpose acquisition company merger transaction and has made significant progress; and (ii) the company is still within the extended deadline set out in Rule 18B.70 of the Listing Rules (June 9, 2025), and shareholders unanimously support the company in continuing its path towards a special purpose acquisition company merger transaction. The company is seeking professional advice and considering the decision of the Listing Committee's re-examination. The company is considering whether to apply under Chapter 2B of the Listing Rules to request a review by the Listing Review Committee. The Board of Directors hereby reminds the company's shareholders and potential investors that (i) the company may or may not undergo further review by the Listing Review Committee; and (ii) if a further review by the Listing Review Committee is conducted, the outcome is uncertain. The company is also seeking advice from senior legal advisors on potential judicial remedies against the HKEX if necessary in the future.