GLOBAL UIN (08496): The GEM Listing Committee has decided to maintain the decision to continue the suspension of trading.

GLOBAL UIN (08496) announced that the Review Hearing by the GEM Listing Committee on the decision of Silicon Tech Limited had been held on November 11, 2025. On November 24, 2025, the company received a letter from the GEM Listing Committee informing that after considering all statements made by the company (written and oral), the GEM Listing Committee agreed with Silicon Tech Limited's decision, that the acquisition and disposal constitute a series of transactions and arrangements, which are part of an attempt to achieve the listing of the vending machine business and avoid the new listing requirements under Rule 11 of the GEM Listing Rules. Therefore, the acquisition and disposal should be treated as one transaction and will constitute a reverse takeover under Rule 19.06B of the GEM Listing Rules. As the new listing procedures have not been completed and relevant requirements have not been complied with, the GEM Listing Committee considers that, since the acquisition and disposal have been completed, the company is no longer suitable for listing. Therefore, the GEM Listing Committee has decided to uphold Silicon Tech Limited's decision and suspend trading of the shares under Rule 9.04(4) of the GEM Listing Rules. According to Rule 4 of the GEM Listing Rules, the company has the right to apply for the GEM Listing Review Committee to review the decision of the Listing Committee. Rule 4.08(1) of the GEM Listing Rules stipulates that the review application must be submitted to the Secretary of the GEM Listing Review Committee within 7 business days after the decision of the listing committee is issued. The company is seeking advice from its professional advisors and will consider applying for a review of the committee's decision. It is reminded that the company's shareholders and potential investors that the company has not yet decided whether to request a review of the committee's decision, and if a review is conducted, the outcome of the GEM Listing Review Committee's review is also uncertain. Trading of the company's shares remains suspended.