BLUE RIVER HLDG(00498) resolved not to exercise its power to seek a review of the decision and will suspend trading from May 7th.

BLUE RIVER HLDG (00498) announces that, in accordance with Chapter 2B of the Listing Rules, the company has the right to submit the decision to the Listing Committee for review, and the request for review must be delivered to the Secretary of the Listing Committee within seven business days from the decision date (on or before May 6, 2026). After careful consideration and obtaining professional opinions, the Board of Directors has resolved not to exercise its power to seek a review of the decision. The Board of Directors hereby candidly informs the shareholders of the company that it is equally disappointed with the outcome of the decision, especially considering the time, effort, and resources invested in exploring suitable and/or potential new business directions in the past. The Board of Directors fully understands that this result may cause frustration and concern among the shareholders and stakeholders of the company. Nevertheless, the Board of Directors acknowledges that the decision reflects an evaluation made at a specific point in time against the regulatory backdrop at that time. After careful evaluation, the Board of Directors believes that the Group is greatly constrained in its ongoing identification, assessment, and implementation of suitable business plans by time, execution, and external conditions, and that a review at this time would be of little significance to the fundamental situation and the Exchange's decision. Therefore, despite the regrettable nature of the current outcome, the Board of Directors believes that a pragmatic focus on future actions is necessary to safeguard the best interests of the company and its shareholders. Accordingly, the Board of Directors intends to concentrate its limited resources and management on enhancing the business foundation of the Group, actively seeking suitable and viable business opportunities, taking concrete measures to once again comply with Listing Rule 13.24, and aiming to resume share trading as soon as practically possible. As a result, trading of the company's shares will be suspended on the Stock Exchange of Hong Kong from 9:00am on Thursday, May 7, 2026, and will remain suspended until further notice.