Core Viewpoint - The company is under investigation by the Hong Kong Stock Exchange due to a complaint regarding potential financial misconduct related to loans and agreements involving its subsidiary and third parties [1][2][3]. Group 1: Allegations and Complaints - The complaint alleges that the company and its affiliates requested loans totaling HKD 16.5 million from its subsidiary, which were never received, and that funds were instead paid directly to a third party for a project [1][2]. - It is claimed that the third party, Charm Winner, failed to provide any services as per the agreement and did not pay the associated development costs despite repeated requests [2]. - The complaint raises doubts about the existence and legitimacy of the loans and agreements, questioning the due diligence conducted by the company regarding Charm Winner [3]. Group 2: Regulatory Response - The Hong Kong Stock Exchange has issued additional guidelines for the resumption of trading, mandating an independent forensic investigation into the allegations and their impact on the company's operations and financial status [4]. - The company remains suspended from trading while the investigation is ongoing [5].

Core Viewpoint - The company is facing a complaint regarding the legitimacy of certain financial transactions and agreements, which raises concerns about potential misuse of funds and the relationships between involved parties [1][2][3][4] Group 1: Complaint Details - The complaint alleges that the company and related parties requested loans totaling HKD 16.5 million from a subsidiary, which were never received [1][2] - It is claimed that the company used the loan amount to pay for a project with Charm Winner Investment Group Limited, despite no services being rendered by Charm Winner [2] - The complaint questions the existence and rationale of the agreements made between the company, its subsidiaries, and Charm Winner, highlighting a lack of due diligence [2] Group 2: Regulatory Response - The Hong Kong Stock Exchange has issued additional guidelines for the resumption of trading, mandating an independent forensic investigation into the alleged agreements and transactions [3][4] - The investigation will assess the impact of these transactions on the company's operations and financial status, with results to be published and appropriate remedial actions to be taken [4] - Trading of the company's shares remains suspended pending the outcome of the investigation [4]