China's Beidahuang (00039) received further guidance from the Stock Exchange to resume trading and continue to suspend trading

According to the Zhitong Finance App, China's Beidahuang (00039) issued an announcement. On July 30, 2026, the Company received a letter from the Stock Exchange containing the following guidelines on resuming trading of the Company's shares:

(a) Publish all unpublished financial results as required by the listing rules and handle any audit changes; (b) appoint an independent internal control consultant to conduct an independent internal control review and prove that: (i) any identified significant defects relating to the suspension of trading have been corrected and all necessary remedies have been properly implemented; (ii) the Company's internal controls are sufficient to effectively achieve its goals and enable the Company to comply with the listing rules and other legal and regulatory requirements, including but not limited to requirements relating to its financial reporting cycle; (c) Prove that the Company complies with the Listing Rules The provisions of section 13.24; (d) and release all important information to the market for shareholders and investors of the Company to assess the situation of the Company.

According to Section 6.01A (1) of the Listing Rules, the Stock Exchange may cancel the listing of any stock that has been suspended for 18 consecutive months. As far as the Company is concerned, the 18-month period expires on September 30, 2027. If the Company fails to remedy the issues that led to its suspension, comply with the resumption guidelines and fully comply with the listing rules to the satisfaction of the Exchange, and resume trading before September 30, 2027, the Exchange Listing Division will recommend that the Listing Committee cancel the Company's listing status. Pursuant to sections 6.01 and 6.10 of the Listing Rules, the Exchange also has the right to stipulate a shorter specific relief period where appropriate.

The Company is also required to comply with the listing rules and all applicable laws and regulations of Hong Kong and its place of registration before resuming trading.

The Exchange requires the Company to publish the resumption guidelines as soon as practicable, and that the Company must comply with the 18-month period of the resumption guidelines within the period, remedy the issues that led to its suspension of trading, and fully comply with the listing rules to satisfy the Exchange and resume share trading to avoid market failure.

Notwithstanding the suspension of trading, the Company shall also fulfill its responsibilities under the Listing Rules, including but not limited to the following:

(a) Any suspension of trading shall be as short as possible in accordance with section 6.05 of the Listing Rules;

(b) Comply with continuing obligations under the Listing Rules at all times, such as the obligation to publish regular financial results and reports (or management accounts if not available) under sections 13.46 to 13.49 of the Listing Rules to publish regular financial results and reports (or management accounts if not available) under sections 13.46 to 13.49 of the Listing Rules;

(c) publish inside information subject to disclosure under Part XIVA of the Securities and Futures Ordinance, Chapter 571, Laws of Hong Kong; and

(d) In accordance with section 13.24A of the Listing Rules, announce quarterly updates on developments including (i) its business operations; (ii) its plan to resume trading, which details the actions it has taken and proposes to take to remedy the matters that led to the suspension of trading, agree on resumption guidelines and fully comply with the listing rules and resume trading. The resumption plan should be accompanied by a clear schedule for each stage of work under the relevant plan so that the resumption guidelines can be reached and trading can resume as soon as practicable and in any case before the end of the 18-month period; (iii) the progress of implementation of the resumption plan; and (iv) details of any significant changes in the resumption plan, if any, the reasons and effects of the delay.

Furthermore, trading of the company's shares continues to be suspended.