GUIXIN GROUP(08349) received resumption guidelines from the Stock Exchange
Silicon Group (08349) announced that on June 24, 2026, the company received a letter from the Stock Exchange listing guidelines for the resumption of trading on the Stock Exchange (resumption guidelines). According to the resumption guidelines, the company must:
GUIXIN GROUP (08349) announced that on June 24, 2026, the company received a letter from the Stock Exchange containing guidelines for the resumption of trading of the company's shares on the Stock Exchange (resumption guidelines). According to the resumption guidelines, the company must:
(i) Engage an independent investigation firm to conduct an independent evidence-gathering investigation on the investigation of Mr. Li Yubao by the Chinese Public Security Bureau (the incident), disclose the investigation results, assess the impact on the company's business operations and financial condition, and take appropriate remedial measures;
(ii) Demonstrate that the company's management and/or any persons who have a significant impact on the management and operations of the company do not have any reasonable supervisory doubts in integrity, ability, and/or character, which may pose risks to investors and damage market confidence;
(iii) Publish all unaudited financial performance as required by the GEM Listing Rules and address any audit qualifications;
(iv) Engage an independent internal monitoring consultant to conduct an independent internal monitoring review and demonstrate that: (a) significant defects identified in relation to the suspension of trading have been rectified and all necessary remedial measures have been properly implemented; and (b) the issuer's internal monitoring system is adequate and effective, able to achieve its objectives, and enable the company to comply with GEM Listing Rules and other laws and regulatory requirements, including but not limited to financial reporting, disclosure of relevant transactions and related party transactions, compliance matters, and disclosure of insider information;
(v) Demonstrate that the company has complied with Rule 17.26 of the GEM Listing Rules; and
(vi) Publicly disclose all material information to enable the company's shareholders and other investors to assess the company's situation.
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