Xiushang Times Holdings (01849): A review of the Listing Committee's decision to cancel the listing status has been requested

Zhitong Finance App News, Xiushang Times Holdings (01849) issued an announcement. On July 10, 2026, the company received a letter from the Stock Exchange stating that the Stock Exchange Listing Committee had decided to cancel the listing status of shares (this decision) in accordance with section 6.01A (1) of the Listing Rules because the Listing Committee believed that the company failed to comply with all the resumption guidelines and resume trading of shares on the Stock Exchange on or before March 23, 2026. Specifically, in all of the guidelines for resuming trading, the Exchange believes that forensic investigations are insufficient and that the company has failed to satisfactorily address management integrity issues. As a result, it is still unclear whether all related internal control deficiencies and governance weaknesses have been properly identified.

The company did not agree with the decision and believes that the results of the forensic investigation carried out by the forensic investigators were factually inconsistent and that the decision was not fair in terms of procedure. As a result, the company submitted a request on July 20, 2026 to forward the decision to the Listing Review Committee for review.