Hongjiu Fruit (06689) announced that on June 18, 2024, the company received a letter from the Hong Kong Stock Exchange, which contained the guidance for the resumption of trading of the company's H shares on the Hong Kong Stock Exchange (resumption guidance). According to the resumption guidance, the company must:
(i) conduct a proper independent investigation and evaluation of the matter, assess the impact on the company's business operations and financial condition, disclose the investigation results and take appropriate remedial measures;
(ii) demonstrate that group management personnel and/or any individuals who have significant influence on the company's management and operations do not have any reasonable regulatory issues that may jeopardize investors and undermine market confidence in terms of integrity, ability, and/or character;
(iii) conduct an independent internal control review and demonstrate that the company has established sufficient internal controls and procedures to comply with listing rules;
(iv) publish all financial performance that has not been disclosed as required by listing rules and deal with all audit modifications;
(v) demonstrate the company's compliance with Article 13.24; and
(vi) publicly disclose all material information for the market, for shareholders and investors to evaluate the condition of the company.
In addition, the trading of the shares remains suspended.