Southern Manganese Investment Limited announces that it has met all the conditions set out in the Replication Guidelines issued by the Hong Kong Stock Exchange Limited and will resume trading of shares on 5 February 2024. Previously, the Company suspended trading on 30 March 2023 in response to delays in the release of financial results, the appointment of independent statutory auditors, internal monitoring consultants, and the handling of audit matters related to its manganese ore trading business. The Company has conducted an appropriate independent investigation of the Audit Committee's independent investigation, assessing its impact on business operations and financial condition, and publishing the results of the investigation and taking remedial action. In addition, the Company has conducted an independent internal monitoring review, demonstrating...Show More

Southern Manganese Investment Limited announces that it has met all the conditions set out in the Replication Guidelines issued by the Hong Kong Stock Exchange Limited and will resume trading of shares on 5 February 2024. Previously, the Company suspended trading on 30 March 2023 in response to delays in the release of financial results, the appointment of independent statutory auditors, internal monitoring consultants, and the handling of audit matters related to its manganese ore trading business. The Company has conducted an appropriate independent investigation of the Audit Committee's independent investigation, assessing its impact on business operations and financial condition, and publishing the results of the investigation and taking remedial action. In addition, the Company has conducted an independent internal monitoring review, demonstrating that it has established adequate internal controls and procedures to meet its responsibilities under the Listing Rules, and has disclosed all important information to the market. The Company issued its 2022 Annual Results Announcement and Annual Report on November 30, 2023, and the Interim Results Announcement and Interim Report on December 11 of the same year, showing that the Company maintains a relatively stable net profit and asset condition.