According to Zhitong Finance App, Honghai Holding Group (08020) announced that on May 4, 2022, the company received a letter from the Stock Exchange informing the company that after considering all the information submitted by the company and the listing section of the Stock Exchange (including written and oral information), the Commission found that the company failed to maintain a sufficient level of business operations and assets as stipulated under section 17.16 of the GEM listing rules to ensure that its shares can continue to be listed, and decided to maintain the listing department's decision that the company failed to comply with section 17.26 of the GEM listing rules, requiring the stock company to comply with section 17.26 of the GEM listing rules Section 9.04 (3) Suspension of trading.

According to Chapter 4 of the GEM Listing Rules, the Company has the right to forward the Listing Committee's decision to the GEM Listing Review Committee (as defined in the GEM Listing Rules) for its review. Any request for review must be submitted to the Secretary of the GEM Listing Review Committee within seven business days of the listing committee's decision (that is, on or before May 16, 2022). Unless the company applies for a review of the listing committee's decision in accordance with its rights under chapter 4 of the GEM listing rules, trading of the company's shares will be suspended from 9:00 a.m. on May 17, 2022 (that is, after the expiration of seven business days from the listing committee's decision date). Until then, stock trading will continue.