ALSCO POOLING Receives Stock Exchange Resumption Guidance

Stock News
04/24

ALSCO POOLING (02649) has announced that on April 23, 2026, the company received a letter from the Stock Exchange. This letter set out the following guidance for the resumption of trading of the company's H shares (the Resumption Guidance):

(a) Conduct an independent forensic investigation concerning the following matters: (i) a term loan with a principal amount of RMB 73 million granted by the company to an entity (the Borrower), which was the subject of the transaction; (ii) certain fund transfers totaling approximately RMB 73 million paid to an entity during the period from February 24 to 27, 2026, shortly before the H shares commenced trading on the Main Board on March 9, 2026 (the IPO), as identified by the auditor; and (iii) concerns raised by the auditor regarding: (1) the commercial rationale for providing the loan and the basis for determining the interest rate; (2) the reasons for the company paying the loan to the Borrower in installments through an independent bank account during February 24-27, 2026; (3) the recoverability of the loan; (4) the internal approval process for the loan; and (5) the Listing Rules implications of the loan (collectively, the "Audit Matters"). The investigation must assess the impact on the company's business operations and financial position, and the results of the independent investigation must be announced, with appropriate remedial actions taken.

(b) Demonstrate that there are no reasonable regulatory concerns regarding the integrity, competence, and/or character of the Group's management and/or any persons with significant influence over the company's management and operations. Such concerns could pose risks to investors and damage market confidence.

(c) Appoint an independent internal control advisor to conduct an independent internal control review and demonstrate that: (i) the material weaknesses identified leading to the trading suspension have been rectified, with all necessary remedial measures implemented; and (ii) the company's internal controls are sufficient and effective for their purpose, enabling the company to comply with the Listing Rules in all material respects, including but not limited to financial reporting, disclosure and compliance related to announceable and connected transactions, and the disclosure of material information.

(d) Publish all outstanding financial results required under the Listing Rules and address any audit qualifications.

(e) Demonstrate that the company complies with Listing Rule 13.24.

(f) Disclose all material information to the market to allow the company's shareholders and other investors to assess its status.

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