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Announcement – In relation to the matter of Dahe Media Co., Ltd. (a joint stock limited company incorporated in the People’s Republic of China with limited liability) (Stock Code: 8243) Cancellation of listing

Regulatory
21 May 2020

香港聯合交易所有限公司
(香港交易及結算所有限公司全資附屬公司)
THE STOCK EXCHANGE OF HONG KONG LIMITED
(A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited)

 

ANNOUNCEMENT

In relation to the matter of 
Dahe Media Co., Ltd. 
(a joint stock limited company incorporated in the People's Republic of China with limited liability) 
(Stock Code: 8243)

Cancellation of listing

The Stock Exchange of Hong Kong Limited (the “Exchange”) announced that with effect from 9:00 am on 25 May 2020, the listing of the shares of Dahe Media Co., Ltd. (the “Company”) will be cancelled under GEM Rule 9.14A.

 

The Exchange announces that the listing of the Company's shares will be cancelled with effect from 9:00 am on 25 May 2020 under GEM Rule 9.14A.

Trading in the Company’s shares has been suspended since 1 April 2019.  Under GEM Rule 9.14A, the Exchange may delist the Company if trading does not resume by 31 March 2020.

The Company failed to fulfill all the resumption guidance set by the Exchange, fully comply with the GEM Listing Rules and resume trading in its shares by 31 March 2020.  On 8 May 2020, the GEM Listing Committee decided to cancel the listing of the Company’s shares on the Exchange under GEM Rule 9.14A.

The Exchange has requested the Company to publish an announcement on the cancellation of its listing.

The Exchange advises shareholders of the Company who have any queries about the implications of the delisting to obtain appropriate professional advice.

 

Ends

Updated 21 May 2020