abc Multiactive Limited — Delisting Announcement 2021

Mar 15, 2021

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)

THE STOCK EXCHANGE’S NOTICE OF PROCEEDING TO CANCEL THE COMPANY’S LISTING

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

THE STOCK EXCHANGE’S NOTICE OF PROCEEDING TO CANCEL THE COMPANY’S LISTING

The Company has received a letter dated 12 March 2021 from the Stock Exchange (the “ Letter ”), which serves as a notice pursuant to Rule 9.15 of the GEM Listing Rules, that the Stock Exchange has decided to suspend trading in the share(s) of the Company (the “ Shares ”) under Rule 9.04(3) of the GEM Listing Rules and proceed with cancellation of the Company’s listing under Rule 9.14A(1) of the GEM Listing Rules (the “ Decision ”) after having considered that the Company has failed to maintain a sufficient level of operations as required under Rule 17.26 of the GEM Listing Rules to warrant the continued listing of the Shares.

Pursuant to the Letter, in view of the Decision, the Company is required to submit a resumption proposal to demonstrate that it has a sufficient level of operations and assets as required by Rule 17.26 of the GEM Listing Rules. If the Company fails to submit a viable resumption proposal, the Stock Exchange will proceed with cancellation of the Company’s listing.

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Under GEM Chapter 4, the Company has the right to have the Decision referred to the GEM Listing Committee for review. The Company may request that the Decision be reviewed by the GEM Listing Committee on or before 23 March 2021. If the Company does not make any review application by 23 March 2021, trading in the Shares will be suspended from 9:00 a.m. on 24 March 2021. Before that, trading in the Shares will continue. The Company is still in the process of reviewing the Letter and is discussing the same with the Company’s legal and financial advisers, and would actively consider lodging a request for the Decision be referred to the GEM Listing Committee for review.

The director(s) of the Company (“ Directors ”) would remind the holders of the Shares (“ Shareholders ”) and potential investors that (i) the Company may or may not proceed with the review by the GEM Listing Committee; and (ii) the outcome of such review is uncertain, if undertaken.

Further announcements will be made by the Company as and when appropriate and in accordance with the requirements of the GEM Listing Rules. Shareholders who have any queries about the implications of the Stock Exchange’s notice of proceeding to cancel the Company’s listing are advised to obtain appropriate professional advice.

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

Hong Kong, 15 March 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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