ZHIDAO INT'L (01220) receives guidance for resumption of trading from the Hong Kong Stock Exchange

ZHIDAO INT'L (01220) announced that on October 8, 2025, the company received a letter from the Stock Exchange, which includes guidelines for the resumption of trading of the company's shares (resumption guidelines): (i) Publish all unaudited financial performance as required by the Listing Rules and process any audit revisions; (ii) Conduct independent forensic investigations into various allegations made against the Group regarding the remaining equity of subsidiaries acquired by the Group, assess the impact on the company's business operations and financial condition, disclose the investigation results, and take appropriate remedial measures; (iii) Demonstrate that there are no reasonable supervisory concerns about the integrity, capability, and character of the Group's management and individuals with significant influence on the management and operation of the company, which may pose risks to investors and harm market confidence; (iv) Conduct an independent internal control review and demonstrate that the company has established sufficient internal controls and procedures to fulfill its obligations under the Listing Rules; (v) Demonstrate compliance with Listing Rule 13.24; and (vi) Disclose all material information to the market for shareholders and other investors to assess their condition. In addition, the company's shares will continue to be suspended.