Following the resignation of Mr. Xiao and the company's subsequent non-compliance with Listing Rule 3.05, which mandates having two authorized representatives at all times to serve as primary communication channels with the stock exchange, EVERG VEHICLE (00708) has announced it has received an additional resumption guidance from the exchange.

This latest directive, identified as the third resumption guidance, together with the preliminary and second resumption guidances, collectively form the "resumption guidance" that the company must fulfill. The core requirement of this third guidance is for the company to re-establish compliance with the aforementioned listing rule.

Before trading in its shares can resume, the company is obligated to fully satisfy all the resumption guidances, rectify the issues that led to the trading suspension, and achieve full compliance with the listing rules to the satisfaction of the exchange. The exchange retains the right to modify or supplement the resumption guidances should the company's circumstances change.

The exchange holds the authority to cancel the listing status of the company's shares if they remain suspended for a continuous period of 18 months, a deadline set to expire on September 30, 2026.

Should the company fail to remedy the causes for the suspension, fulfill the resumption guidances, and achieve full compliance with the listing rules to the exchange's satisfaction, thereby resuming share trading, by the deadline of September 30, 2026, the exchange's listing division will recommend that the listing committee proceed with delisting the company.

The exchange also reserves the right to impose a shorter specific remedial period or to cancel the company's listing status immediately, as it deems appropriate under the circumstances.

In the meantime, the company's shares remain suspended from trading.