FORTUNE SUN (00352) plummeted over 60% in afternoon trading, hitting an intraday low of HK$0.38, representing a decline of more than 82% from Wednesday's high of HK$2.2. As of press time, the stock was down 59.43% at HK$0.43, with a turnover of HK$14.21 million.

On the news front, FORTUNE SUN announced that the Listing Committee, after considering written and oral representations submitted by the company and the Listing Division, concluded that FORTUNE SUN has failed to maintain a sufficient level of operations and assets as required under the Listing Rules to warrant the continued listing of its shares. Therefore, the committee upheld the Listing Division's decision to suspend trading of the company's shares.

The company may submit the Listing Committee's decision to the Listing Review Committee for review before September 8. If no review application is submitted, share trading will be suspended from 9:00 a.m. on September 9. Until then, share trading will continue.

According to reports, on June 13 this year, FORTUNE SUN received notice from the Stock Exchange stating that the company had failed to maintain a sufficient level of operations as required under the Listing Rules to warrant the continued listing of its shares, and therefore the company's shares would be suspended from trading. On June 24, FORTUNE SUN announced that it had made a written request to the Stock Exchange under Chapter 2B of the Listing Rules to refer the decision to the Listing Committee for review. Consequently, the company's shares continued to trade.