Xinjufeng announced that after the company's bid to acquire Fenmei Packaging was completed, its public shareholding was less than 25%, and trading of Fenmei Packaging shares was suspended from February 19, 2025. Fenmei Packaging is expected to be suspended for 18 consecutive months on August 18, 2026. If it fails to comply with all the resumption guidelines and is approved by the Hong Kong Stock Exchange to resume trading, its listing status may be cancelled. Currently, Fenmei Packaging has not completed all of the requirements for resuming trading. It intends to apply for an extension of the period of compliance with the resumption guidelines. There is uncertainty about whether the application will be approved. Fenmei Packaging operates normally on a daily basis, and changes in its listing status will not have a significant adverse impact on the company and its own main business.

Zhitongcaijing · 3d ago
Xinjufeng announced that after the company's bid to acquire Fenmei Packaging was completed, its public shareholding was less than 25%, and trading of Fenmei Packaging shares was suspended from February 19, 2025. Fenmei Packaging is expected to be suspended for 18 consecutive months on August 18, 2026. If it fails to comply with all the resumption guidelines and is approved by the Hong Kong Stock Exchange to resume trading, its listing status may be cancelled. Currently, Fenmei Packaging has not completed all of the requirements for resuming trading. It plans to apply for an extension of the period of compliance with the resumption guidelines. There is uncertainty about whether the application will be approved. Fenmei Packaging operates normally on a daily basis, and changes in its listing status will not have a significant adverse impact on the company and its own main business.