NEW CITY DEV Initiates Trading Halt Pending Update on Subscription Price Adjustment

Bulletin Express

May 05

New City Development Group Limited (NEW CITY DEV) requested a trading halt for its shares on the Main Board of The Stock Exchange of Hong Kong Limited, effective 9:00 a.m. on 5 May 2026.

The suspension follows the company’s 4 May 2026 announcement regarding a proposed subscription for new shares under its existing General Mandate. Management is preparing an additional announcement to address a possible adjustment to the previously disclosed subscription price. Trading will remain halted until the supplementary disclosure is released.

The board currently comprises three executive directors—Chairman Han Junran, Luo Min and Luo Zhen—and four independent non-executive directors—Dr. Ouyang Qingru, Zhang Jing, Wong Pak Wing and Lam Chi Cheung Albert.

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited assume no responsibility for the contents of the announcement, and expressly disclaim any liability arising from reliance on it.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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