Core Viewpoint - The company, Global Friendly Beverage, is facing delisting from the GEM market due to a series of transactions that the Stock Exchange views as a reverse takeover aimed at circumventing new listing regulations [1] Group 1 - The company received a notification from the Stock Exchange on September 5, 2025, regarding its acquisition of smart beverage vending machines and the sale of two Chinese restaurants [1] - The transactions occurred between December 2023 and March 2025, and the Stock Exchange considers them as a series of transactions constituting a reverse takeover [1] - As a result of these transactions, the company is classified as a new listing applicant and must comply with all new listing regulations under Chapter 11 of the GEM listing rules [1] Group 2 - The company has not completed the new listing procedures, and since the acquisition and sale have been finalized, the Stock Exchange deems the company unsuitable for listing [1] - The company's shares will be suspended from trading on September 17, 2025, in accordance with GEM listing rule 9.04(4), unless the company successfully applies for a review of this decision [1] - According to GEM listing rule 9.14A(1), if the shares are suspended for 12 consecutive months, the Stock Exchange may revoke the company's listing status [1]

Core Viewpoint - The company, Global Friendly Drink Intelligent (08496.HK), is facing potential delisting from the GEM due to its recent acquisition and sale transactions, which are deemed as a reverse takeover under GEM listing rules [1][2] Group 1: Acquisition and Sale Transactions - The company received a letter from the Stock Exchange on September 5, 2025, indicating that its acquisition of smart beverage vending machines and the sale of two Chinese restaurants opened in the fiscal year 2022 are part of a series of transactions [1] - These transactions are classified as a reverse takeover, which requires the company to comply with all new listing requirements under GEM listing rules [1] Group 2: Listing Status and Compliance - The company will be treated as a new listing applicant and must fulfill all new listing regulations to be considered suitable for continued listing [1] - The Stock Exchange has decided to suspend trading of the company's shares on September 17, 2025, unless the company applies for a review of this decision under GEM listing rules [1][2] - If the shares remain suspended for 12 consecutive months, the Stock Exchange may revoke the listing status of the shares [2]

Group 1 - The company received a letter from the Stock Exchange on September 5, 2025, indicating that its acquisition of smart beverage vending machines and the sale of two Chinese restaurants would be considered a series of transactions, constituting a reverse takeover under GEM Listing Rules [1] - Due to the completion of the acquisition and sale, the company is deemed unsuitable for listing, and its shares will be suspended from trading on September 17, 2025, unless the company applies for a review of this decision [1] - The company must comply with any resumption guidance set by the Stock Exchange and fully adhere to GEM Listing Rules to regain its listing status [2] Group 2 - If the company's shares are suspended for 12 consecutive months, the Stock Exchange may revoke the listing status of the shares [2]

Core Viewpoint - The company, Universal Friend Drink Intelligent (08496), is facing potential delisting from the GEM due to its recent acquisition and sale transactions, which are deemed as a reverse takeover under GEM listing rules [1] Group 1: Acquisition and Sale Transactions - The company received a letter from the Stock Exchange on September 5, 2025, indicating that its acquisition of smart beverage vending machines and the sale of two Chinese restaurants opened in the 2022 fiscal year constitute a series of transactions [1] - These transactions are part of an attempt to list the vending machine business while circumventing new listing regulations under Chapter 11 of the GEM listing rules [1] - As a result, the acquisition and sale are considered a single transaction and will be treated as a reverse takeover under GEM listing rule 19.06B [1] Group 2: Listing Status and Compliance - Following the completion of the acquisition and sale, the company is viewed as a new listing applicant and must comply with all new listing requirements under Chapter 11 of the GEM listing rules to be considered suitable for continued listing [1] - The Stock Exchange has determined that, without completing the new listing procedures and adhering to relevant regulations, the company is no longer suitable for listing [1] - Consequently, trading of the company's shares will be suspended on September 17, 2025, unless the company applies for a review of this decision under GEM listing rule 4 [1][2] Group 3: Potential Delisting - The company must fulfill any resumption guidance that the Stock Exchange may establish and fully comply with the GEM listing rules to regain confidence from the Stock Exchange [2] - According to GEM listing rule 9.14A(1), if shares are suspended for 12 consecutive months, the Stock Exchange may revoke the listing status of the shares [2]

Group 1 - The company has recently ceased operations in Singapore, believing this decision aligns with the best interests of the company and its shareholders, allowing for resource concentration on other core businesses [1][2] - The company operates two bakeries in Singapore and has a subsidiary in China, focusing on smart beverage vending machines [1] - The Singapore operations accounted for approximately 14.6% of the company's total revenue for the six months ending December 31, 2024, with an unaudited loss of 43,149 Singapore dollars during the same period [1] Group 2 - The board has determined that the business environment in Singapore is challenging, with ongoing losses in operations and a deteriorating market outlook for the restaurant industry [2] - The company has implemented cost control measures to mitigate losses, particularly due to rising rental costs, leading to the decision not to renew several expiring leases [1][2] - Overall, the board concluded that continuing operations in Singapore is no longer commercially attractive due to the bleak future prospects [2]