Welife tech (01703.HK) announced that it is preparing to review its financial performance. The interim performance for the six months ended September 30, 2023, and the annual performance for the year ended March 31, 2024, will be released as soon as possible to comply with the Stock Exchange's resumption guidance.

Welife tech also revealed that the company has reached a settlement with the petitioner. According to the settlement, the consent summons to withdraw the petition was signed and submitted to the Hong Kong High Court on the 10th of last month, and the Hong Kong High Court issued an order to withdraw the petition on the 22nd of last month.

In response to the request of Welife tech, trading in its shares will be suspended on the Stock Exchange from November 28, 2023. Welife tech stated that the Group has been conducting business operations as usual in all major aspects, and the board of directors will continue to evaluate and monitor the impact of the suspension of share trading on operations and finances. (js/w)

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