Many Idea Cloud Suspends Trading Amid Strategic Fintech Deal and Audit Review

Bulletin Express
03/31

Many Idea Cloud Holdings Limited has requested a suspension of its shares on The Stock Exchange of Hong Kong Limited, effective 9:00 a.m. on 31 March 2026.

The halt is driven by two developments:

1. Strategic cooperation: The company is preparing an announcement on a material cooperation in the digital fintech industry with an existing shareholder. The pending disclosure constitutes inside information.

2. Results delay: Auditors requested additional review of internal control procedures related to fund authorisations. The audit committee has begun internal checks and is appointing an independent consultant for further examination, leading to a possible delay in releasing the 2025 annual results.

Under Listing Rule 13.50, trading will remain suspended until the 2025 annual results are published. The board will announce the date of its meeting to approve these results and the timetable for releasing the annual report once available.

Chairman Liu Jianhui signed the suspension notice on 31 March 2026. The board currently comprises six executive directors and four independent non-executive directors.

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