PALADIN (00495) will not exercise its right to submit the Listing Division's decision to the Listing Committee for review

Zhitong Finance App News, PALADIN (00495) issued an announcement. The company disclosed in the first previous announcement (including) that the Listing Division has determined that the company has failed to maintain an adequate operating level and sufficient value of assets as stipulated in section 13.24 of the listing rules, and that trading of the company's shares should be suspended in accordance with section 6.01 (3) of the listing rules.

The company also disclosed that the Listing Division has indicated that the Listing Division will suspend trading of the company's shares on November 27, 2024 unless the company applies for a review of the relevant decisions in accordance with the rights granted by Chapter 2B of the Listing Rules.

According to Chapter 2B of the Listing Rules, the Company has the right to request that the Listing Division's decision be submitted to the Listing Committee for review, and the review requirements must be delivered to the Listing Committee Secretary within 7 business days from November 15, 2024. The company stated in its first previous announcement that it intends to apply for this review.

After further consideration of the matter, the company's board of directors decided that the company would not exercise its right to submit the Listing Division's decision to the Listing Committee for review.