Evergrande Auto received supplementary resumption guidance from the Stock Exchange and continues to be suspended
EVERG VEHICLE has received additional resumption guidance from the Stock Exchange and will continue to be suspended. The company needs to meet the resumption guidance and listing rules. If it fails to resolve the suspension issue by September 30, 2026, it may face the risk of having its listing status canceled
According to the announcement from Evergrande Auto (00708), the company has received supplementary guidance from the Stock Exchange regarding the resumption of trading of its shares (the supplementary resumption guidance, along with the preliminary resumption guidance, is collectively referred to as the "resumption guidance"), which requires compliance with the provisions of the Listing Rules mentioned above.
Before the shares are permitted to resume trading, the company must meet all resumption guidance, remedy the issues that led to the suspension of trading, and fully comply with the Listing Rules to the satisfaction of the Stock Exchange. If there are changes in the company's situation, the Stock Exchange may modify or supplement the resumption guidance. If the shares are suspended for 18 consecutive months (ending on September 30, 2026), the Stock Exchange may cancel the listing status of the shares. If the company fails to remedy the issues that led to the suspension, fulfill the resumption guidance, and fully comply with the Listing Rules to the satisfaction of the Stock Exchange by September 30, 2026, the Listing Division of the Stock Exchange will recommend that the Listing Committee of the Stock Exchange cancel the company's listing status. The Stock Exchange reserves the right to impose a shorter specific remedial period or to immediately cancel the company's listing status under appropriate circumstances.
In addition, the company's shares remain suspended
