hkex prolonged suspension status report (aug2015)

(Posted on 7 August 2015)

MONTHLY PROLONGED SUSPENSION STATUS REPORT (MAIN BOARD)

(as at 31 July 2015)

This report summarizes the status of companies which have been suspended for three months or more.

Suspension and resumption criteria under the Rules

The Exchange is the front line regulator of listed companies and has an obligation to maintain a fair, orderly and efficient

market for the trading of securities. It may, for the maintenance of an orderly market or the protection of investors, suspend

trading in any securities. Where there are concerns about investor protection, the Exchange may require companies to

address these specific concerns before granting resumption of trading1.

In the interests of promoting a continuous market for the trading of listed securities, the period of suspension should be kept

as short as possible. Resumption of trading normally takes place after the publication of information, and where applicable,

fulfillments of conditions imposed by the Exchange2.

For easy reference, this report categorizes the companies as below based on their outstanding issues and the Listing Rules

requirements.

a) Companies that are in severe financial difficulties and/or have ceased to maintain sufficient operations and are in

delisting procedure (PN 17 companies);

b) Companies which have identified irregularities and/or are under regulatory investigation;

c) Companies which have failed to publish financial results and/or identified material internal control weaknesses; and

d) Others, including companies that have yet to publish material information, or have public float issues.

Disclosure of information by companies

A suspended company is still obliged to disclose i) inside information required under the Securities and Futures Ordinance,

and ii) all information required to be disclosed by listed companies under the Listing Rules (e.g. financial results, notifiable

and connected transactions). In addition, it must make periodic announcements of its developments.

The table below presents a status summary of the long-suspended companies based on their published announcements,

including conditions for resumption, major developments and outstanding issues. The Exchange may modify or impose

further resumption conditions subject to developments.

For details please refer to the companies’ announcements available on the HKEx news website at www.hkexnews.hk.

A. PN 17 companies:

These companies are in severe financial difficulties and/or have either ceased to operate their businesses or are carrying

on minimal operations. Under the Listing Rules, they enter into a three-stage delisting procedure3 of a minimum of six

months each, during which they may submit proposals for the resumption of trading for the Exchange’s approval. The

companies may submit resumption proposals at any time during the delisting stages. Upon the expiry of each stage and

in the absence of a viable proposal, the Exchange will place the company into the next delisting stage or if it is in the

final stage, cancel its listing. The companies may seek a review of the Exchange’s decision to place them into the next

delisting stage or to delist them4.

No.

Long suspended

Main Board

companies

Date of

suspension

Resumption conditions /

Major issues to be

addressed

Major developments based on

company’s announcements

Outstanding issues

1 First Mobile Group Holdings Limited (865)

27-Nov-09 ▪ Demonstrate sufficient operations / assets

▪ Publish outstanding

financial results and address

any auditors’ concerns

▪ Demonstrate adequate

internal controls

▪ 3rd delisting stage expired in Dec

2012

▪ Resumption proposal constituted

a reverse takeover subject to

new listing requirements

▪ New listing application

submitted in Oct 2014

▪ Publish outstanding financial results and address any

auditors’ concerns

▪ Fulfill new listing

requirements

1 Please see also the Exchange’s article Overview of Policy on Share Trading Suspension available at

http://www.hkex.com.hk/eng/newsconsul/newsltr/2004/documents/2004-07-02-e.pdf for details about circumstances for suspension. 2 For details of the requirements for resumption, please refer to the Exchange’s guidance letter

http://www.hkex.com.hk/eng/rulesreg/listrules/listguid/Documents/gl66-13.pdf 3 The procedure is set out in Practice Note 17 to the Rules. 4 See Chapter 2B of the Rules on Review Procedure.

http://www.hkex.com.hk/eng/newsconsul/newsltr/2004/documents/2004-07-02-e.pdf

http://www.hkex.com.hk/eng/rulesreg/listrules/listguid/Documents/gl66-13.pdf

No.

Long suspended

Main Board

companies

Date of

suspension


Major issues to be

addressed



Outstanding issues

Hyperlink:

Announcement dated 20 Jun

2012

Hyperlinks: Announcement dated 22 Aug

2014

Announcement dated 31 Oct

2014

2 China Forestry Holdings Co., Ltd. (930) (In

Official Liquidation)

26-Jan-11 ▪ Demonstrate sufficient operations / assets

▪ Withdraw winding up

petition and discharge

liquidators

▪ Conduct forensic

investigation to address

issues raised by auditors ▪ Publish outstanding financial

results and address any



internal control system

Hyperlink:

Announcement dated 16 Jul 2015

▪ In 1st delisting stage (expiring in

Jan 2016)

▪ Forensic investigation

completed and findings

announced in Apr 2012

▪ Winding up order issued against

the company and official

liquidators appointed in Jun 2015

Hyperlinks:

Announcement dated 27 Apr

2012

Announcement dated 25 Jun 2015

▪ Demonstrate sufficient operations / assets



liquidators

▪ Address issues arisen from

forensic investigation findings



▪ Demonstrate adequate internal

control system

3 The Grande Holdings

Limited (In Liquidation)

(186)

30-May-11 ▪ Demonstrate sufficient

operations / assets

▪ Demonstrate sufficient

working capital



any auditors’ concerns ▪ Demonstrate adequate




liquidators

Hyperlink:


▪ 3rd delisting stage expired in Jan

2014

▪ Outstanding results published

▪ Revised resumption proposal

submitted

▪ Trading resumption

conditionally approved

Hyperlinks:

Announcement dated 30 Sep

2014

Announcement dated 27 Feb

2015


▪ Implement resumption

proposal

4 Daqing Dairy Holdings

Limited (1007)

22 Mar-12 ▪ Demonstrate sufficient

operations / assets



issues raised by auditors

▪ Inform market of material information

▪ Demonstrate directors

satisfying the levels of skill,

care, experience and

integrity, etc, required by

Listing Rules


financial results and address any auditors’ concerns



Hyperlinks:

Announcement dated 9 Nov

2012

Announcement dated 19 May 2015

▪


Nov 2015)

▪ Forensic accountant engaged in

Nov 2013

Hyperlink: ▪ Announcement dated 6 Nov

2013


operations / assets


investigation to address issues

raised by auditors




care, experience and integrity,

etc, required by Listing Rules

▪ Publish outstanding financial


auditors’ concerns ▪ Demonstrate adequate internal

control system

5 Titan Petrochemicals

Group Limited

(Provisional Liquidators

Appointed) (1192)

19-Jun-12 ▪ Demonstrate sufficient

operations / assets





petition and discharge provisional liquidators

Hyperlink:


2013

▪ 2nd delisting stage expired in

May 2014

▪ Resumption proposal submitted

in May 2014


▪ Trading resumption

conditionally approved

Hyperlinks:

Announcement dated 30 May

2014

Announcement dated 29 Aug

2014 Announcement dated 2 Dec 2014

▪ Implement resumption

proposal

http://www.hkexnews.hk/listedco/listconews/SEHK/2012/0620/LTN20120620138.PDF


http://www.hkexnews.hk/listedco/listconews/SEHK/2014/0822/LTN20140822961.pdf


http://www.hkexnews.hk/listedco/listconews/sehk/2014/1031/LTN20141031838.pdf





























No.

Long suspended

Main Board

companies

Date of

suspension


Major issues to be

addressed



Outstanding issues

6 DBA Telecommunication

(Asia) Holdings Limited

(3335)

6-Jun-13 ▪ Publish outstanding




operations / assets

▪ Complete the independent board committee’s review

on relevant audit issues and

demonstrate no management

integrity concern



Hyperlinks:


2015

▪ In 2nd

delisting stage (expiring in

Jan 2016)

▪ Company entered into an

agreement for a possible

acquisition which may constitute

a reverse takeover

Hyperlinks:




results and address auditors’

concerns


operations / assets

▪ Complete the independent board committee’s review on

relevant audit issues and

demonstrate no management

integrity concern


control system

7 China Solar Energy

Holdings Limited (155)

16-Aug-13 ▪ Demonstrate sufficient

operations / assets

▪ Investigate the allegations in

complaints

▪ Publish outstanding financial results and address




Hyperlink:

Announcement dated 6 Jan

2015

▪ In 2nd

delisting stage (expiring in

Jan 2016)

▪ Phase one investigation


announced in Feb 2015 ▪ Winding up petition issued

against the company in Mar

2015

Hyperlinks:


2015

Announcement dated 31 Mar 2015


operations / assets

▪ Investigate allegations in

complaints




control system

8 China Lumena New

Materials Corp. (In

Provisional Liquidation)

(67)

25-Mar-14 ▪ Demonstrate sufficient

operations / assets

▪ Address the alleged

irregularities and inform

market of material

information







liquidators

Hyperlinks:


2014

Announcement dated 16 Mar

2015


Sep 2015)

▪ Initial responses to the alleged

irregularities published in Apr

2014

Hyperlink: Announcement dated 3 Apr 2014


operations / assets

▪ Address the alleged

irregularities and inform

market of material

information

▪ Publish outstanding financial results and address auditors’

concerns


control system



liquidators

9 Han Tang International


1-Apr-14 ▪ Publish forensic review

findings and address any identified issues


operations / assets






Hyperlinks:


2014


2015


Nov 2015) ▪ Forensic investigation


announced in Sep 2014

▪ Internal control review

completed in Nov 2014


Hyperlinks: Announcement dated 15 Sep

2014


2014

Announcement dated 9 Mar 2015


forensic investigation findings ▪ Demonstrate sufficient

operations / assets

▪ Address auditors’ concerns


control system

10 Golden Shield Holdings

(Industrial) Limited (In Liquidation) (2123)

1-Apr-14 ▪ Demonstrate sufficient

operations / assets ▪ Conduct investigation on

certain legal proceedings

and related transactions




▪ Demonstrate adequate internal control system




Dec 2015)

Hyperlink:


2015


operations / assets ▪ Conduct investigation on

certain legal proceedings and

related transactions


results and address auditors’

concerns




























http://www.hkexnews.hk/listedco/listconews/SEHK/2015/0611/LTN20150611179.doc


No.

Long suspended

Main Board

companies

Date of

suspension


Major issues to be

addressed



Outstanding issues

liquidators

Hyperlink:


2015

liquidators

11 Z-Obee Holdings Limited (Provisional Liquidators

Appointed) (948)

27-Jun-14 ▪ Demonstrate sufficient operations / assets



provisional liquidators




Hyperlink:


2015

▪ 2nd delisting stage expired in Jul

2015

Hyperlinks:

Announcement dated 26 Jan 2015

▪ Demonstrate sufficient operations / assets

▪ Withdraw winding up petition

and discharge provisional

liquidators




12 China Agrotech Holdings

Limited (In Liquidation)

(1073)

18-Sep-14 ▪ Demonstrate sufficient

operations / assets






Hyperlink:


2015


Aug 2015)

Hyperlink: Announcement dated 25 Feb

2015


operations / assets


results and address any auditors’ concerns

▪ Withdraw winding up petition

and discharge provisional

liquidators

B. Companies with identified irregularities and/or regulatory investigations:

These companies have identified irregularities. Some of these companies are also under investigations by regulatory or

law enforcement bodies. If the Exchange identifies potential violations of laws and regulations by the company or its

management, it will refer the matters to the relevant regulatory authorities5.

Generally, the company may apply for resumption once the matter giving rise to the suspension is addressed and

announced to the market. The resumption proposal generally needs to address the following:

(a) Where accounting irregularities or possible fraudulent activities are identified, the board would generally form

an independent committee to review the issues, conduct an investigation and, where possible, take remedial

actions. A number of these companies have engaged forensic accountants to investigate the issues and address

regulatory concerns arising from them. In most cases these companies would be investigated by regulatory or

law enforcement bodies.

(b) Where the media reports investigations by regulatory authorities, the company would need to assess the

implications to its operations and whether its public disclosure remains materially accurate. For example, if a

company relied on false documents in the course of a material acquisition, they should appoint an independent

committee to review the matter and address any issue about overstatement of assets.

(c) Where issues giving rise to suspension involve management and directors’ integrity, the Exchange must be

satisfied that the directors meet the required levels of skill, care and diligence; can act honestly and in good

faith in the interest of the company as a whole; and act for proper purpose6.

The Listing Rules do not specify a delisting procedure for these companies. If the management is unwilling to take

action to resolve issues, or where the possible fraudulent activities are the acts of management/controlling shareholder,

the Exchange may continue suspension or delist the company. Under the Rules, the Exchange may delist a company if

it is no longer suitable for listing7 or if suspension continues for a prolonged period without the company taking

adequate action to obtain restoration of listing8. In making these determinations, the Exchange will have regard to the

interests of shareholders and the investing public.

5 For example, if a company’s business or affairs may have been conducted in a manner which is unfairly prejudicial to shareholders, the Exchange will

refer the case to the Securities and Futures Commission. Under the Securities and Futures Ordinance, the Commission may take certain legal actions to protect shareholders.

6 Rules 3.08 and 3.09 7 Rules 6.01 and 6.10 8 Rule 6.04













No.

Long suspended

Main Board

companies

Date of

suspension


Major issues to be

addressed



Outstanding issues

1 Natural Dairy (NZ)


7-Sep-10 ▪ Inform market of material

information on ICAC’s

charges against company’s

shareholder and

management related to an

acquisition of dairy farms

▪ Address matters related to the acquisition of dairy

farms and placing of

convertible notes




satisfy the levels of skill, care, experience and


Listing Rules

▪ Perform due diligence on

the uncompleted

transactions related to the

acquisition of dairy farms

Hyperlinks:

Announcement dated 22 Jul

2011


2014


2014

▪ Announcement on ICAC’s

charges published on 1 Nov

2012

▪ Further resumption conditions

imposed in Feb 2014 and

modified in Sep 2014

Hyperlinks:

Announcement dated 1 Nov 2012


2014

▪ Address matters related to the

acquisition of dairy farms and

placing of convertible notes


control system

▪ Demonstrate directors satisfy

the levels of skill, care, experience and integrity, etc,

required by Listing Rules

▪ Perform due diligence on the

uncompleted transactions

related to the acquisition of

dairy farms

2 Qunxing Paper Holdings Company

Limited (3868)

(Interim Receivers and

Managers Appointed)

30-Mar-11 ▪ Approval of resumption by Securities and Futures

Commission (SFC)



potential irregularities

identified by auditors



Hyperlinks:


2011

Announcement dated 20 Dec

2013

▪ Forensic investigation completed and findings

announced in Apr and Jul 2013

▪ SFC commenced legal

proceedings against the

company and directed the

Exchange to suspend the

company's shares trading

▪ Interim receivers and managers appointed in Mar 2014

Hyperlinks:


2013


Announcement dated 24 Dec 2013


2014

▪ Awaiting SFC’s direction ▪ Publish outstanding financial



3 Real Gold Mining

Limited (246)

27-May-11 ▪ Conduct forensic


reported potential

irregularities




any auditors' concerns



Hyperlink: Announcement dated 30 Mar

2012



announced in Apr and Jun 2014

▪ Outstanding results expected to

be published in Dec 2015

Hyperlinks:


2014







auditors' concerns ▪ Demonstrate adequate internal

control system

4 BEL Global Resources


4-Jul-11 ▪ Investigate a previous

transaction and inform

market of material

information


satisfying the levels of skill, care, experience and


Listing Rules






completed and reported to a law

enforcement agency in Oct 2013

▪ Further resumption conditions

imposed in Nov 2014

▪ An executive summary of findings of forensic

investigation announced in Mar

2015

Hyperlinks:

Announcement dated 4 Oct 2013

Announcement dated 4 Dec 2013 Announcement dated 12 Mar

▪ Investigate a previous

transaction and inform market

of material information



care, experience and integrity, etc, required by Listing Rules



auditors' concerns


control system

http://www.hkexnews.hk/listedco/listconews/sehk/20110724/LTN20110724003.pdf

http://www.hkexnews.hk/listedco/listconews/sehk/20110724/LTN20110724003.pdf








http://www.hkexnews.hk/listedco/listconews/sehk/2011/1102/LTN201111021015.PDF

http://www.hkexnews.hk/listedco/listconews/sehk/2011/1102/LTN201111021015.PDF

http://www.hkexnews.hk/listedco/listconews/SEHK/2013/1220/LTN20131220127.HTM




















No.

Long suspended

Main Board

companies

Date of

suspension


Major issues to be

addressed



Outstanding issues

Hyperlinks:


2011


2014

2015

5 Zhongda International


5-Sep-11 ▪ Investigate the suspected

misuse of funds by directors and inform market






Listing Rules





Hyperlink:


2012


▪ Internal control review completed and is preparing the

report

Hyperlinks:


2015


▪ Investigate the suspected

misuse of funds by directors and inform market of material

information





▪ Address auditors' concerns


6 Boshiwa International

Holding Limited

(Provisional Liquidators

Appointed) (1698)

15-Mar-12 ▪ Conduct forensic







Listing Rules ▪ Inform market of material

information






Hyperlink:


2012



announced in Apr 2013

▪ Winding up petition issued and


appointed in Feb 2015

Hyperlinks: Announcement dated 26 Apr

2013


2015





control system

7 Trony Solar Holdings

Company Limited

(2468)

21-Jun-12 ▪ Conduct forensic



identified by company ▪ Inform market of material

information






Hyperlink:


2012



announced in Dec 2014

▪ Outstanding results expected to be published in Sep 2015

Hyperlinks: Announcement dated 12 Dec

2014


2015




results and address any auditors' concerns


control system

8 China High Precision

Automation Group

Limited (591)

22-Aug-12

▪ Approval of resumption by

Securities and Futures

Commission (SFC)

Hyperlink: Announcement dated 22 Aug

2012

▪ SFC directed the Exchange to

suspend the company's shares

trading

Hyperlink: Announcement dated 22 Aug

2012

▪ Awaiting SFC’s direction

9 China Metal Recycling

(Holdings) Limited (In

Compulsory

Liquidation) (773)

28-Jan-13 ▪ Conduct forensic


allegations in a research

report



▪ Winding up order issued against

the company in Feb 2015

▪ Liquidators appointed in May

2015

Hyperlink: Announcement dated 2 Mar 2015


▪ Pending outcome of winding

up order



allegations in a research

report ▪ Publish outstanding financial

































No.

Long suspended

Main Board

companies

Date of

suspension


Major issues to be

addressed



Outstanding issues

Hyperlink: Announcement dated 28 Mar

2013

10 Sijia Group Company

Limited (1863)

14-Feb-13 ▪ Approval of resumption by

Securities and Futures

Commission (SFC)

▪ Inform market of material

information ▪ Publish outstanding



Hyperlinks:


2014

Announcement dated 4 Dec 2014

▪ Independent investigation


announced in Jun 2013


▪ SFC directed the Exchange to suspend the company's shares

trading

Hyperlinks:



2014

▪ Awaiting SFC’s direction

▪ Address auditors’ concerns

11 Dynasty Fine Wines

Group Ltd. (828)

22-Mar-13 ▪ Publish internal

investigation findings and

address any identified

issues




Hyperlink:


2013

▪ Company is following up on the

outstanding matters noted in the

interim investigation report

Hyperlink: Announcement dated 29 May

2015

▪ Publish internal investigation

findings and address any

identified issues




12 Flyke International

Holdings Ltd (1998)

31-Mar-14 ▪ Publish investigation

findings


financial results and address auditors’ concerns



Hyperlink:


2014

▪ Investigation completed and

findings announced in Jan 2015

▪ Company discovered

discrepancies in bank balances and would conduct a forensic

investigation

Hyperlinks:


2015

Announcement dated 2 Apr 2015 Announcement dated 21 May

2015


investigation findings


results and address auditors’ concerns


control system

13 Dejin Resources Group

Company Limited

(1163)

16-May-14 ▪ Verify the genuineness of

the alleged contract,

settlement agreement and

arbitral award of its major

subsidiary and assess their

implication to its financial and operation position

▪ Demonstrate that the

company is able to appraise

its major subsidiary’s

position and to effectively

report on its inside/material

information


Hyperlink:


2014

▪ Key findings of interim

investigation report announced

in Sep 2014

Hyperlinks: Announcement dated 29 Sep 2014

▪ Verify the genuineness of the

alleged contract, settlement

agreement and arbitral award

of its major subsidiary and

assess their implication to its

financial and operation position

▪ Demonstrate that the company

is able to appraise its major

subsidiary’s position and to

effectively report on its

inside/material information


information

14 Fujian Nuoqi Co., Ltd.

(1353)

23-Jul-14 ▪ Demonstrate sufficient

operations / assets

▪ Conduct forensic investigation to address

reported potential

irregularities





Listing Rules ▪ Inform market of material

information




▪ Potential irregularities

announced

▪ Financial adviser appointed in Sep 2014 to formulate restructuring proposal

▪ Administrator appointed in Apr

2015

Hyperlinks:


2014 Announcement dated 28 Nov

2014


2015


operations / assets

▪ Conduct forensic investigation to address

reported potential

irregularities









































No.

Long suspended

Main Board

companies

Date of

suspension


Major issues to be

addressed



Outstanding issues


Hyperlink:


2014

control system

15 NVC Lighting Holding

Limited (2222)

11-Aug-14 ▪ Address the identified

irregularities and inform market of their impact



▪ Publish forensic review

findings and address any

identified issues


information

Hyperlink:


2015


Jan 2015 ▪ Forensic investigation and internal

control review completed and

findings announced in Jul 2015

Hyperlinks:

Announcement dated 21 Jan 2015


▪ Address the identified

irregularities and inform the market of their impact


control system




information

16 Superb Summit

International Group

Limited (1228)

20-Nov-14 ▪ Address the allegations in

an analyst report and

inform market of material

information

Hyperlink:


2015

▪ Announcement under

preparation


2015

▪ Address the allegations in an

analyst report and inform

market of material

information

17 Birmingham

International Holdings

Limited (Receivers

Appointed) (2309)

4-Dec-14 ▪ Investigate the suspected

misappropriation of funds

and address the identified

issues ▪ Publish outstanding






working capital ▪ Address the allegations in

complaints and inform

market of material

information

Hyperlink:


2015

▪ Receivers appointed in Feb 2015


Hyperlinks: Announcement dated 18 Feb

2015


2015

▪ Investigate the suspected

misappropriation of funds and

address the identified issues

▪ Address auditors’ concerns ▪ Demonstrate adequate internal

control system


working capital

▪ Address the allegations in

complaints and inform market


18 PanAsialum Holdings

Company Limited

(2078)

17-Dec-14 ▪ Investigate the issues raised

by auditors and address any

identified issues





internal control system ▪ Inform market of material

information

Hyperlink:


2015

▪ Independent committee

established in Dec 2014

Hyperlink:


2014

▪ Investigate the issues raised


identified issues





control system ▪ Inform market of material

information

19 China Taifeng Beddings


26-Feb-15 ▪ Publish outstanding



information

Hyperlinks:


2015

▪ Potential audit issues announced

▪ Independent committee established in Jun 2015

Hyperlinks:



2015




information

20 Sound Global Ltd. (967) 16-Mar-15 ▪ Conduct forensic investigation to address




▪ Independent committee established in Mar 2015

▪ Independent adviser engaged

and findings of the review

announced in Jun 2015

▪ Conduct forensic investigation to address issues

raised by auditors





























No.

Long suspended

Main Board

companies

Date of

suspension


Major issues to be

addressed



Outstanding issues




information

Hyperlink:


Hyperlinks: Announcement dated 31 Mar

2015



control system


information

21 SCUD Group Limited

(1399)

26-Mar-15 ▪ Complete the investigation

on the issues raised by

auditors and address any

identified issues






information

Hyperlink:


2015


established and independent

adviser engaged in May 2015

Hyperlinks:


2015

▪ Complete the investigation on

the issues raised by auditors

and address any identified

issues




control system


information

22 Sihuan Pharmaceutical

Holdings Group Ltd.

(460)

27-Mar-15 ▪ Publish outstanding



Hyperlink:


2015

▪ Draft financial results are under

review

Hyperlink: Announcement dated 8 June 2015




23 China Animal

Healthcare Ltd. (940)

30-Mar-15 ▪ Conduct forensic









information

Hyperlink: Announcement dated 10 Jul

2015


established in Apr 2015

▪ Independent advisers engaged in

Jun 2015

Hyperlinks:









control system


information

24 Mingyuan Medicare

Development Company

Limited (233)

1-Apr-15 ▪ Conduct forensic








information

Hyperlink:


2015

▪ Potential audit issues announced

Hyperlink:



investigation to address issues

raised by auditors




control system


information

25 Anxin-China Holdings

Limited (1149)

1-Apr-15 ▪ Investigate the issues raised


identified issues ▪ Publish outstanding






information

Hyperlink:


2015


Jun 2015

Hyperlink:




identified issues ▪ Publish outstanding financial




control system


information


























No.

Long suspended

Main Board

companies

Date of

suspension


Major issues to be

addressed



Outstanding issues

26 TC Orient Lighting Holdings Limited (515)

24-Apr-15 ▪ Inform market of material information

Hyperlink:


2015

▪ Potential irregularities announced ▪ Investigation committee

established in May 2015

Hyperlink:

Announcement dated 3 May 2015


C. Company which have failed to publish financial results and/or identified material internal control weaknesses:

These are companies which have failed to publish financial results required by the Rules and/or identified significant

internal control weaknesses. To resume trading, they must publish all outstanding results, address audit qualifications,

and rectify material internal control deficiencies.

The Rules do not specify a delisting procedure for these companies. Under the Rules, the Exchange may delist a

company if it is no longer suitable for listing9 or if suspension continues for a prolonged period without the company

taking adequate action to obtain restoration of listing10

. In making these determinations, the Exchange will have regard

to the interests of shareholders and the investing public.

No.

Long suspended

Main Board

companies

Date of

suspension


Major issues to be

addressed



Outstanding issues

1 China Billion Resources

Limited (274)

29-Jun-11 ▪ Publish outstanding




information

Hyperlink:


2012

▪ Internal control review

completed in May 2015

▪ Outstanding results expected to

be published in Aug 2015

Hyperlinks: Announcement dated 29 May

2015





2 Mayer Holdings

Limited (1116)

9-Jan-12 ▪ Publish outstanding






Hyperlink:

Announcement dated 13

May 2015

▪ Winding up petition issued

against the company in Aug

2014

▪ Substantial change of board members in Oct 2014

Hyperlinks:


2014

Announcement dated 9 Oct 2014






control system

3 Tianhe Chemicals Group Limited (1619)

26-Mar-15 ▪ Publish outstanding financial results and address


Hyperlink: ▪ Announcement dated 26

Mar 2015

▪ Announcement under preparation

Hyperlink:

▪ Announcement dated 29 May 2015



4 Kaisa Group Holdings

Ltd. (1638)

31-Mar-15 ▪ Publish outstanding




working capital




identified issues


information

Hyperlink: Announcement dated 23 Jul

2015


established in Apr 2015

Hyperlink:


2015





working capital




identified issues


information

9 Rules 6.01 and 6.10 10 Rule 6.04























No.

Long suspended

Main Board

companies

Date of

suspension


Major issues to be

addressed



Outstanding issues

5 China Nickel Resources Holdings Company

Limited (2889)

1-Apr-15 ▪ Publish outstanding financial results and address



working capital




Hyperlink:


2015

▪ Outstanding results expected to be published in Aug 2015

Hyperlinks:





working capital


control system


D. Others:

These companies are suspended from trading under other specific provisions of the Listing Rules, for example, the

company has yet to publish material information or has insufficient public float.

The Rules do not specify a delisting procedure for these companies. Under the Rules, the Exchange may delist a

company if it is no longer suitable for listing11

or if suspension continues for a prolonged period without the company

taking adequate action to obtain restoration of listing12

. In making these determinations, the Exchange will have regard

to the interests of shareholders and the investing public.

11 Rules 6.01 and 6.10 12 Rule 6.04

No.

Long suspended

Main Board

companies

Date of

suspension


Major issues to be

addressed



Outstanding issues

1 SCMP Group Limited

(583)

26-Feb-13 ▪ Restore public float

Hyperlink:


2013

▪ Company is exploring

alternatives to restore public

float

Hyperlink: Announcement dated 9 Jan 2015

▪ Restore public float

2 China Oriental Group Company Limited (581)

29-Apr-14 ▪ Restore public float

Hyperlink:


2014

▪ Two major shareholders are in discussion of possible solutions

in resolving the public float

issue

▪ Possible voluntary offer ended

Hyperlink: Announcement dated 16 Apr 2015



3 Shenji Group Kunming

Machine Tool Company

Limited (300)

3-Mar-15 ▪ Publish an announcement in

relation to a major assets

restructuring

Hyperlink:


▪ Major assets restructuring

proposal is under review by the

relevant state-owned assets

supervision authorities

Hyperlink: Announcement dated 23 Jul 2015

▪ Publish an announcement in

relation to a major assets

restructuring

4 U-RIGHT International


15-Apr-15 ▪ Publish an announcement in

relation to a very

substantial acquisition and

reverse takeover

Hyperlink:


2015

▪ Company is ascertaining the

regulatory implication of the

possible revision to the structure

and certain terms of the

transactions

Hyperlink:



relation to a very substantial

acquisition and reverse

takeover

5 China Shanshui Cement

Group Limited (691)

16-Apr-15 ▪ Restore public float

Hyperlink:


Apr 2015

▪ Two substantial shareholders are

considering a possible voluntary

cash general offer

Hyperlink: Announcement dated 21 Jul 2015























6 Daiwa Associate


30-Apr-15 ▪ Publish an announcement in

relation to a very

substantial disposal and a

mandatory unconditional cash offer

Hyperlink:


May 2015

▪ Announcement under

preparation


2015


relation to a very substantial

disposal and a mandatory

unconditional cash offer





hkex prolonged suspension status report (aug2015)

Business