On 13 February 2026, Kaisun Holdings Limited (8203) confirmed that it has fully satisfied the directions imposed by the Listing Committee in a disciplinary action dated 10 December 2024. These directions initially included training for two former independent non-executive directors, the appointment of an independent compliance adviser, and improved disclosures related to securities transactions. The remaining requirement entailed an internal control review by an independent adviser.

According to the newly published announcement, an initial internal control review, dated 26 November 2025, was conducted by Zhen Sheng Advisory Limited. This review found gaps in areas such as connected party identification, transaction classification, documentation standards, and monitoring procedures. The adviser recommended implementing a quarterly connected party declaration, standardizing notifiable transaction checklists, introducing formal due diligence templates, and delivering comprehensive staff training.

A follow-up review report, dated 30 January 2026, confirmed that Kaisun Holdings Limited addressed all recommended measures. The board has stated that the improved controls and procedures meet the requirements under Chapter 19 of the GEM Listing Rules. With this, the company has fulfilled all directions imposed by the Listing Committee.