WELIFE TECH (01703) is facing delisting crisis, has submitted application for review.

WELIFE TECH (01703) announced that on July 4, 2025, the company received a letter from the Stock Exchange stating that after considering all the information submitted by the company and the listed entity (including written and oral information), the Listing Committee decided that the company failed to maintain sufficient operational levels and assets of sufficient value to support its operations according to Rule 13.24 of the Listing Rules, and also failed to conduct an independent internal control review and demonstrate adequate internal controls and procedures. Therefore, the Listing Committee decided to delist the company in accordance with Rule 6.01A(1) of the Listing Rules. The Board regrets the decision and believes that the Listing Committee did not fully consider the evidence submitted by the company. The Board hereby informs shareholders that, after internal discussions and consultations with its professional advisors, the company submitted a written request to the Listing Review Committee on July 15, 2025, requesting further and final review in accordance with Rule 2B.06(2) of the Listing Rules. Trading of the company's shares remains suspended.