ZHIDAO INT'L (01220) Receives Resumption Guidance from Hong Kong Stock Exchange

Stock News
10/13

ZHIDAO INT'L (01220) announced that on October 8, 2025, the company received a letter from the Hong Kong Stock Exchange containing the following guidance for resumption of trading in the company's shares (resumption guidance): (i) publish all outstanding financial results as required under the Listing Rules and address any audit qualifications; (ii) conduct an independent forensic investigation into certain allegations made against the Group regarding balances and the Group's acquisition of all remaining equity interests in subsidiaries of the acquired company, assess the impact on the company's business operations and financial position, announce the investigation results and take appropriate remedial actions; (iii) demonstrate that there are no reasonable regulatory concerns regarding the integrity, competence and character of the Group's management and any persons with significant influence over the company's management and operations that could pose risks to investors and undermine market confidence; (iv) conduct an independent internal control review and demonstrate that the company has established adequate internal controls and procedures to fulfill its obligations under the Listing Rules; (v) demonstrate compliance with Rule 13.24 of the Listing Rules; and (vi) inform the market of all material information for the company's shareholders and other investors to assess its position. Additionally, the company's shares remain suspended from trading.

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