Core Viewpoint - The Hong Kong Stock Exchange has reprimanded Kaisa Group Holdings Ltd. and its current and former directors for failing to comply with listing rules regarding the timely submission of documents related to two major transactions completed in August 2023 [1][2]. Group 1: Company Actions and Compliance - Kaisa Group failed to send the required circulars regarding two major transactions within the stipulated timeframe, leading to a delay of 16 months in sending the documents after the exchange's investigation began [2][3]. - The company was granted an extension until December 2023 to send the circulars, but despite multiple reminders from the exchange, it did not comply until April 2025 [2][3]. - The company lacked adequate internal controls to monitor compliance with the listing rules and failed to ensure timely communication with the Stock Exchange [2][3]. Group 2: Directors' Responsibilities - The directors of Kaisa Group were found to have not fulfilled their duties, relying excessively on the former company secretary for the preparation and submission of the circulars without proper oversight [2][3]. - The chairman and the former company secretary did not act as the main communication channels between the company and the Stock Exchange, failing to report inquiries to the board in a timely manner [3]. - All involved parties acknowledged their violations of the listing rules and proposed remedial measures, which have either been implemented or are in the process of being implemented [3].

11月11日，香港联合交易所有限公司发布通告，谴责合景泰富集团控股有限公司(01813)及其六名现任 董事和一名前公司秘书。此次纪律行动有关该公司迟迟没就两项于2023年8月完成的主要交易发送资料 通函，以及一直没在规定的期限内回复联交所的查询。 (6)独立非执行董事及审核委员会主席谭振辉先生； (7)独立非执行董事及审核委员会成员罗耀荣先生； (8)前公司秘书及授权代表陈健威先生(陈先生)。 (上文(2)至(7)所述董事统称相关董事。该公司、相关董事及陈先生统称相关人士) 香港联交所指，该公司发送通函的期限获延长至2023年12月。然而，尽管联交所多次提醒，该公司直至 上市规则执行部就有关事宜展开调查后，才于2025年4月下旬发送资料通函，延误了16个月之久。 具体名单如下： (1)合景泰富集团控股有限公司； (2)执行董事、主席及前授权代表孔健岷先生(孔主席)； (3)执行董事及行政总裁孔健涛先生； (4)执行董事孔健楠先生； (5)执行董事蔡风佳先生； 就联交所驳回该公司有关延长发送通函期限的申请、发送通函的情况以及联交所的查询等，陈先生均未 有上报董事会。他在未有谘询或通知董事会的情况下，擅自决定不分 ...

Core Viewpoint - The company, 拉近网娱 (08172), is facing potential delisting from the GEM market due to insufficient business operations and asset levels as per GEM listing rules [1] Summary by Relevant Sections Company Announcement - The board of the company has informed shareholders and potential investors about a review hearing scheduled for October 21, 2025, regarding the listing decision [1] - On November 3, 2025, the company received a letter from the Stock Exchange indicating that the committee believes the company has not maintained sufficient business operations and asset levels to ensure continued listing [1] Listing Rules and Procedures - According to GEM listing rules, the company has the right to submit the committee's decision for review by the GEM Listing Review Committee [1] - The company can request this review within 7 business days after the committee's decision, which is by November 12, 2025 [1] - The company is currently seeking advice from external consultants to decide whether to appeal the committee's decision [1] Trading Status - Unless the company applies for a review, its shares will be suspended from trading starting November 13, 2025, after the 7 business days following the committee's decision [1] - Until a decision is made regarding the appeal, the company's shares will continue to trade [1]

远东控股国际(00036)发布公告，于2025年10月24日，公司接获联交所函件，通知公司联交所上市委员 会决定，经考虑公司及上市科提交的所有文件(包括书面及口头)后，上市委员会认为公司未能维持上市 规则第13.24条所规定的足够营运水平及拥有足够价值的资产支持其营运，以确保其股份能够继续上 市。因此，上市委员会决定维持上市科根据第6.01(3)条作出的暂停公司股份买卖的上市科决定。公司现 正审阅上市委员会决定及进行内部讨论，并将考虑是否提出要求将上市委员会决定提交上市复核委员会 复核。 ...

Core Viewpoint - The company, Wenye Group (01802), has received a decision from the Listing Committee indicating that it does not meet the operational scale and asset value requirements to support its operations, leading to a suspension of trading in its shares [1] Group 1 - The Listing Committee conducted a review hearing on September 2, 2025, regarding the company's listing status [1] - On September 23, 2025, the company was informed that it failed to comply with the requirements of Listing Rule 13.24, resulting in the decision to maintain the suspension of trading [1] - The company has the right to request a review of the Listing Committee's decision by the Listing Review Committee, with a deadline for submission by October 3, 2025 [1] Group 2 - If the company does not apply for a review, trading in its shares will be suspended seven business days after the Listing Committee's decision, specifically on October 6, 2025 [1] - The company is currently reviewing the Listing Committee's decision and is in discussions with internal and professional advisors regarding the potential for a review application [1]

Core Viewpoint - The company, Gao Ya Optical (00907), has received a letter from the Stock Exchange on September 19, 2025, indicating that it has failed to maintain sufficient business operations and asset value to support its listing, leading to a potential suspension of its shares trading [1] Group 1 - The Stock Exchange has determined that the company does not meet the operational and asset value requirements as per Listing Rule 13.24 [1] - The company has the right to request a review of this decision within seven business days of receiving the notice, as per Listing Rules 2B.06(1) and 2B.08(1) [1] - If the company does not file for a review by September 30, 2025, trading of its shares will be suspended starting from 9:00 AM on October 2, 2025 [1]

Core Viewpoint - China Evergrande (HK.03333) is set to be delisted from the Hong Kong Stock Exchange on August 25, 2025, following the announcement that it will not appeal the delisting decision, marking a significant event in the company's ongoing liquidation process [1]. Group 1: Delisting Process - The delisting of China Evergrande was widely anticipated in the market, seen as an inevitable outcome due to the company's inability to meet the resumption requirements after being suspended since January 29, 2024 [2]. - According to Hong Kong's listing rules, a company can be delisted if its securities are suspended for 18 months without meeting the criteria for resumption, which China Evergrande failed to do [2]. - From 2018 to June 2025, a total of 167 companies were forcibly delisted from the Hong Kong main board, with an average of over 30 companies delisted annually from 2022 to 2024 [2]. Group 2: Impact on Creditors and Operations - The delisting does not affect the rights of creditors, who can still assert their claims during the ongoing liquidation process [3]. - The delisting will not impact the operational status of Evergrande's subsidiaries, such as Evergrande Auto (HK.00708) and Evergrande Property (HK.06666), which will continue their normal operations [3]. - The liquidation process will proceed as planned, with creditors able to engage with the liquidators regarding the status of their claims [3]. Group 3: Real Estate Operations - Evergrande's management has stated that the delisting will not directly affect the company's real estate operations, and they will continue to fulfill their commitments to deliver properties [4]. - Some of Evergrande's subsidiaries have already entered bankruptcy proceedings, reflecting a market trend of eliminating companies that no longer meet listing requirements [4].