WENYE GROUP (01802): The Listing Review Committee decided to uphold the Listing Committee's decision to suspend trading from December 5th.
Wenye Group (01802) announced that on December 4, 2025, the company received a letter from the Listing Review Committee, notifying that after considering the opinions submitted by the company and the Listing Department, including the opinions submitted by the company during the hearing, the Listing Review Committee decided that the company failed to demonstrate, in accordance with Rule 13.24 of the Listing Rules, that its ongoing operations have sufficient operational levels and sufficient asset value to support its operations. In particular, the company failed to prove that its business is substantive, feasible, and sustainable.
WENYE GROUP (01802) Announcement
On December 4, 2025, the Company received a letter from the Listing Review Committee notifying that after considering the submission of opinions by the Company and the Listing Department, including the opinions submitted by the Company during the hearing, the Listing Review Committee has decided that the Company has failed to prove that its maintained business has sufficient operational level and valuable assets to support its operations in accordance with Rule 13.24 of the Listing Rules. In particular, the Company has failed to prove that its business is substantial, feasible, and sustainable.
Therefore, the Listing Review Committee has decided to uphold the decision of the Listing Committee to suspend the trading of the Company's shares under Rule 6.01(3) of the Listing Rules, due to the Company's failure to comply with the provisions of Rule 13.24 of the Listing Rules.
The trading of the Company's shares will be suspended from 9:00 am on December 5, 2025.
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