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abc Multiactive Limited Delisting Announcement 2021

Jul 13, 2021

51286_rns_2021-07-13_25b9af18-b123-48af-af70-9b11dd03b582.pdf

Delisting Announcement

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Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

abc Multiactive Limited 辰 罡 科 技 有 限 公司[*]

(Incorporated in Bermuda with limited liability)

(Stock Code: 8131)

DECISION OF THE GEM LISTING COMMITTEE

This announcement is made by abc Multiactive Limited (the “ Company ”) pursuant to Rule 9.17 of the GEM Listing Rule and the inside information provisions under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

Reference is made to the announcements of the Company dated 15 March 2021 and 23 March 2021 (collectively, the “ Announcements ”). Unless otherwise specified, capitalized terms used in this announcement shall have the same meaning as those defined in the Announcements.

The Board wishes to inform the Shareholders and potential investors that the review hearing of the Decision by the GEM Listing Committee was taken placed on 23 June 2021. On 13 July 2021, the Company received a letter dated 13 July 2021 from the GEM Listing Committee, notifying the Company that the GEM Listing Committee had decided to uphold the Decision to suspend trading in the Shares under Rule 9.04(3) of the GEM Listing Rule (the “ LC’s Decision ”) as it was of the view that the Company failed to maintain a sufficient level of operations and assets of sufficient value to support its operations under Rule 17.26 of the GEM Listing Rule to warrant the continued listing.

Given Rules 4.06(2) and 4.08(1) of the GEM Listing Rule, the Company may request the LC’s Decision be referred to the GEM Listing Review Committee for a further and final review, and the review request must be served on the Secretary of the GEM Listing Review Committee within seven (7) business days of receipt of the LC’s Decision, i.e. on or before 22 July 2021. If the Company does not apply for a review of the LC’s Decision by 22 July 2021, trading in the Shares will be suspended from 9:00 a.m. on 23 July 2021. Before that, trading in the Shares will continue. The Company is in the process of seeking professional advice and will actively consider lodging a request for reviewing the LC’s Decision.

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Further announcement will be made by the Company on the development of this matter as and when appropriate in accordance with the GEM Listing Rules.

Shareholders of the Company who have queries about the implication of the delisting of the Shares are advised to seek appropriate professional advice.

By Order of the Board abc Multiactive Limited Joseph Chi Ho HUI Chairman

Hong Kong, 13 July 2021

As at the date of this announcement, the executive Directors are Mr. Joseph Chi Ho HUI and Ms. Clara Hiu Ling LAM; and the independent non-executive Directors are Mr. Kwong Sang LIU, Mr. Edwin Kim Ho WONG and Mr. William Keith JACOBSEN.

This announcement, for which the Directors collectively and individually accept full responsibility, includes particulars given in compliance with the GEM Listing Rules for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that to the best of their knowledge and belief the information contained in this announcement is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement herein or this announcement misleading.

This announcement will remain on the “Latest Listed Company Information” page of the GEM website at www.hkgem.com for at least seven days from the day of its publication and on the Company’s website at www.hklistco.com.

  • For identification purposes only

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