SANXUN GROUP (06611.HK): Receives Delisting Decision from Listing Committee; Review Application Filed, Trading Continues Suspended

NewTimeSpace News: On 21 October 2026, Sanxun Holdings Group Limited (the "Company") announced, pursuant to Rule 13.09 of the Listing Rules and the inside information provisions under Part XIVA of the Securities and Futures Ordinance, that on 9 October 2026 it received a letter from the Stock Exchange informing it that the Listing Committee of the Stock Exchange had decided under Rule 6.01A of the Listing Rules to cancel the Company's listing status. In reaching the decision, the committee took into account, among other things, that the Company had not fully fulfilled all the resumption guidance and that trading in the Company's shares had remained suspended.

The announcement disclosed that the letter stipulates that, unless the Company applies to review the decision pursuant to the rights conferred by Chapter 2B of the Listing Rules, the last listing date of the Company's shares will be 26 October 2026 and the listing status of the Company's shares will be cancelled with effect from 9:00 a.m. on 27 October 2026. After taking legal and professional advice, the Company submitted a written application to the Listing Review Committee of the Stock Exchange on 21 October 2026, pursuant to the rights conferred by Chapter 2B, for a review of the decision (the "Review").

The Company stated that the outcome of the Review is uncertain; if any material development occurs, the Company will make further announcements in due course in accordance with the Listing Rules, and advised shareholders who have any doubt about the impact of the delisting of the shares to seek appropriate professional advice. Trading in the Company's shares on the Stock Exchange has been suspended since 9:00 a.m. on 1 April 2025 and continues to be suspended until further notice. The announcement also referred to the Company's announcements dated 27 March 2025, 15 May 2025, 30 June 2025, 29 August 2025, 10 October 2025, 16 October 2025, 3 November 2025, 31 December 2025, 31 March 2026, 30 June 2026 and 30 September 2026, which mainly concerned the delayed publication of the annual results announcements for the 2024 financial year and the 2025 financial year and the interim results announcements for the first half of 2025 and the first half of 2026, the delayed despatch of the annual reports for the 2024 and 2025 financial years and the interim reports for the first half of 2025 and the first half of 2026, the suspension of trading in the shares, the resumption guidance and the quarterly updates on resumption progress.