CHIHO ENV received resumption guidance, and the group's business is operating normally in all important aspects

According to the announcement from Zhitong Finance APP, CHIHO ENV (00976) stated that on June 27, 2025, the company received a letter from the Stock Exchange, which outlined the guidelines for the resumption of trading of the company's shares (resumption guidelines). According to the resumption guidelines, the company must:

(a) conduct appropriate independent forensic investigations into the violations and any other potential violations related to the group company, assess their impact on the company's business operations and financial condition, publish the investigation results, and take appropriate remedial actions;

(b) disclose all undisclosed financial performance required by the listing rules and address any audit revisions;

(c) demonstrate that there are no reasonable regulatory concerns regarding the integrity, capability, and/or character of the group management and/or any individuals with significant influence over the company's management and operations that could pose risks to investors and undermine market confidence;

(d) conduct an independent internal control review and demonstrate that the company has established adequate internal controls and procedures to comply with the listing rules;

(e) demonstrate compliance with Article 13.24 of the listing rules; and

(f) disclose all material information to the market so that the company's shareholders and other investors can assess the company's condition.

As stated in the letter, the company must comply with all resumption guidelines, remedy the issues that led to the suspension of trading, and fully comply with the listing rules to assure the Stock Exchange that its securities will be approved for resumption of trading. In this regard, the company bears primary responsibility for formulating the resumption action plan. The Stock Exchange also indicated that it may revise or supplement the resumption guidelines if the company's situation changes.

The group is one of the largest publicly listed metal recycling companies in the world, with its current bases covering Asia and Europe. As of the date of this announcement, the group's business is operating as usual in all significant aspects. According to the directors' knowledge and preliminary assessment, the group's operations have not been negatively affected by the violations and the suspension of trading. The company will continue to assess the impact of the violations and the suspension of trading on the group's operations and will issue further announcements as appropriate.

In addition, trading remains suspended