ZHIDAO INT'L received the resumption guidance from the Stock Exchange
ZHIDAO INT'L received the resumption guidance from the Stock Exchange on October 8, 2025, requiring the company to publish unannounced financial results, conduct an independent forensic investigation, demonstrate the integrity and capability of the management, carry out an internal control review, comply with Listing Rule 13.24, and inform the market of important information. The company's shares remain suspended
According to the announcement from ZHIDAO INT'L (01220) on the Zhitong Finance APP, on October 8, 2025, the company received a letter from the Stock Exchange containing the following guidelines for the resumption of trading in its shares (resumption guidelines):
(i) Publish all outstanding financial results as required by the listing rules and address any audit revisions;
(ii) Conduct an independent forensic investigation into several allegations made against the group regarding the remaining equity interests in the subsidiaries of the acquired companies, assess the impact on the company's business operations and financial condition, disclose the investigation results, and take appropriate remedial measures;
(iii) Demonstrate that there are no reasonable regulatory concerns regarding the integrity, competence, and character of the group's management and any individuals with significant influence over the company's management and operations, as such concerns may pose risks to investors and undermine market confidence;
(iv) Conduct an independent internal control review and demonstrate that the company has established adequate internal controls and procedures to fulfill its obligations under the listing rules;
(v) Demonstrate compliance with Article 13.24 of the listing rules; and (vi) Inform the market of all material information for the company's shareholders and other investors to assess its condition.
In addition, the company's shares remain suspended
