Gelonghui May 17th 丨Honghai Holding Group (08020.HK) issued an announcement. The committee found that the company failed to maintain a sufficient level of business operations and assets as required under section 17.26 (1) of the GEM listing rules to ensure that its shares can continue to be listed, and therefore decided to maintain the listing department's decision. After carefully considering the factors relevant to reviewing the success of the listing committee's decision, the company has decided that it will not exercise its right to review the listing committee's decision under section 4 of the GEM listing rules.

As a result, the company will suspend trading on the Stock Exchange from 9:00 a.m. on May 17, 2022, and will maintain the suspension until further notice. The company will make further announcements in due course in accordance with the provisions of the GEM listing rules.