Minshang Chuangke (01632.HK): The Stock Exchange believes that the comprehensive recording constitutes an avoidance of the reverse takeover rules and the new listing rules under Chapter 8 of the Listing Rules.

According to the announcement from the Wise Financial APP, China Smart Innovation (01632.HK) received a letter from the Hong Kong Stock Exchange on June 11, 2026. The letter informed the company that the Stock Exchange has decided that the company's comprehensive income constitutes avoidance of the reverse takeover rules and the new listing requirements under Chapter 8 of the listing rules. The Stock Exchange has decided to exercise its rights under Rule 2.04 of the listing rules, imposing additional conditions, treating the company as a new listing applicant, and requiring compliance with the additional reverse takeover provisions (including new listing requirements) under Rules 14.54 to 14.57. The Stock Exchange believes that China Smart Innovation does not have a performance record that meets the requirements of the new listing rules and that the company is no longer suitable for listing after the comprehensive income. Therefore, trading in its shares should be suspended in accordance with Rule 6.01(4) of the listing rules.