HKEX Prolonged Suspension Status Report

1. (Posted on 6 March 2015)
MONTHLY PROLONGED SUSPENSION STATUS REPORT (MAIN BOARD)
(as at 28 February 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.

2. 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
Hyperlink:
Announcement dated 20 Jun
2012
Hyperlinks:
Announcement dated 22 Aug
2014
Announcement dated 31 Oct
2014
2 Proview International
Holdings Limited (334)
2-Aug-10 ▪Demonstrate sufficient
operations / assets
▪Address issue on material
dilution to existing
shareholders
▪Publish outstanding
financial results and address
any auditors’ concerns
▪Demonstrate adequate
internal control system
Hyperlink:
Announcement dated 1 Feb
2013
▪3rd
delisting stage expired in Jun
2012
▪Resumption proposal constituted
a reverse takeover subject to
new listing requirements
▪Approval-in-principle to the new
listing application granted in Jun
2014
▪Due to mistake made by
shareholder on proxy
instruction, resumption proposal
was not approved at the
shareholders’ meeting.
Company will convene a
shareholders’ meeting on 11
Mar 2015 to rectify the previous
voting result
▪Outstanding results published
Hyperlinks:
Announcement dated 30 Jun 2014
Announcement dated 23 Jul 2014
Announcement dated 9 Oct 2014
Announcement dated 16 Feb
2015
▪Fulfill new listing
requirements
3 The Grande Holdings
Limited (In Liquidation)
(186)
30-May-11 ▪Demonstrate sufficient
operations / assets
▪Demonstrate sufficient
working capital
▪Publish outstanding
financial results and address
any auditors’ concerns
▪Demonstrate adequate
internal control system
▪Withdraw winding up
petition and discharge
liquidators
Hyperlink:
Announcement dated 11 Jul
2013
▪3rd
delisting stage expired in Jan
2014
▪Outstanding results published
▪Revised resumption proposal
submitted
Hyperlinks:
Announcement dated 30 Sep
2014
Announcement dated 31 Dec
2014
▪Demonstrate sufficient
operations / assets
▪Demonstrate sufficient
working capital
▪Address auditors’ concerns
▪Demonstrate adequate internal
control system
▪Withdraw winding up petition
and discharge liquidators
4 Titan Petrochemicals
Group Limited
(Provisional Liquidators
Appointed) (1192)
19-Jun-12 ▪Demonstrate sufficient
operations / assets
▪Publish outstanding
financial results and address
any auditors’ concerns
▪Withdraw winding up
petition and discharge
provisional liquidators
Hyperlink:
Announcement dated 26 Nov
2013
▪2nd
delisting stage expired in
May 2014
▪Resumption proposal submitted
in May 2014
▪Outstanding results published
▪Trading resumption
conditionally approved
Hyperlinks:
Announcement dated 30 May
2014
Announcement dated 29 Aug
2014
Announcement dated 2 Dec 2014
▪Implement resumption
proposal
5 DBA Telecommunication
(Asia) Holdings Limited
(3335)
6-Jun-13 ▪Publish outstanding
financial results and address
auditors’ concerns
▪Demonstrate sufficient
operations / assets
▪Demonstrate adequate
internal control system
Hyperlinks:
Announcement dated 26 Sep
2013
Announcement dated 20 Jan
2015
▪In 1st
delisting stage (expiring in
Jul 2015)
Hyperlink:
Announcement dated 20 Jan 2015
▪Publish outstanding financial
results and address any
auditors’ concerns
▪Demonstrate sufficient
operations / assets
▪Demonstrate adequate internal
control system
6 China Solar Energy
Holdings Limited (155)
16-Aug-13 ▪Demonstrate sufficient
operations / assets
▪Investigate the allegations in
▪In 1st
delisting stage (expiring in
Jul 2015)
▪Phase one investigation
▪Demonstrate sufficient
operations / assets
▪Investigate allegations in

3. 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
complaints
▪Publish outstanding
financial results and address
any auditors’ concerns
▪Demonstrate adequate
internal control system
Hyperlink:
Announcement dated 6 Jan
2015
▪
completed and findings
announced in Feb 2015
Hyperlinks:
Announcement dated 6 Jan 2015
Announcement dated 17 Feb
2015
complaints
▪Publish outstanding financial
results and address any
auditors’ concerns
▪Demonstrate adequate internal
control system
7 Kith Holdings Limited
(1201)
18-Dec-13 ▪Demonstrate sufficient
operations / assets
▪Inform market of material
information
▪Withdraw winding up
petition and discharge
provisional liquidators
▪Publish outstanding
financial results and address
any auditors’ concerns
Hyperlink:
Announcement dated 25 Feb
2014
▪1st
delisting stage expired in Aug
2014
▪Resumption proposal submitted
in Aug 2014
▪Trading resumption
conditionally approved
▪Outstanding results published
▪Winding up petition withdrawn
and provisional liquidators
discharged in Feb 2015
Hyperlinks:
Announcement dated 6 Aug 2014
Announcement dated 11 Nov
2014
Announcement dated 4 Dec 2014
Announcement dated 29 Jan
2015
Announcement dated 25 Feb
2015
▪Implement resumption
proposal
8 Z-Obee Holdings Limited
(Provisional Liquidators
Appointed) (948)
27-Jun-14 ▪Demonstrate sufficient
operations / assets
▪Withdraw winding up
petition and discharge
provisional liquidators
▪Publish outstanding
financial results and address
any auditors’ concerns
Hyperlink:
Announcement dated 26 Jan
2015
▪In 2nd
delisting stage (expiring in
Jul 2015)
Hyperlink:
Announcement dated 26 Jan 2015
▪Demonstrate sufficient
operations / assets
▪Withdraw winding up petition
and discharge provisional
liquidators
▪Publish outstanding financial
results and address any
auditors’ concerns
9 China Agrotech Holdings
Limited (In Liquidation)
(1073)
18-Sep-14 ▪Demonstrate sufficient
operations / assets
▪Publish outstanding
financial results and address
any auditors’ concerns
▪Withdraw winding up
petition and discharge
provisional liquidators
Hyperlink:
Announcement dated 25 Feb
2015
▪In 1st
delisting stage (expiring in
Aug 2015)
Hyperlink:
Announcement dated 25 Feb
2015
▪Demonstrate sufficient
operations / assets
▪Publish outstanding financial
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
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.

4. 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.
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 Natural Dairy (NZ)
Holdings Limited (462)
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
▪Demonstrate adequate
internal 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
Hyperlinks:
Announcement dated 22 Jul
2011
Announcement dated 26 Mar
2014
Announcement dated 22 Sep
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
Announcement dated 26 Mar
2014
Announcement dated 22 Sep
2014
▪Address matters related to the
acquisition of dairy farms and
placing of convertible notes
▪Demonstrate adequate internal
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 China Forestry Holdings
Co., Ltd. (930)
26-Jan-11 ▪Conduct forensic
investigation to address
issues raised by auditors
▪Publish outstanding financial
results and address any
auditors’ concerns
▪Demonstrate adequate
internal control system
Hyperlink:
Announcement dated 29 Apr
2011
▪Forensic investigation
completed and findings
announced in Apr 2012
Hyperlinks:
Announcement dated 27 Apr
2012
▪Address issues arisen from
forensic investigation findings
▪Publish outstanding financial
results and address any
auditors’ concerns
▪Demonstrate adequate internal
control system
3 Qunxing Paper
Holdings Company
Limited (3868)
(Interim Receivers and
Managers Appointed)
30-Mar-11 ▪Approval of resumption by
Securities and Futures
Commission (SFC)
▪Conduct forensic
investigation to address
potential irregularities
identified by auditors
▪Publish outstanding financial
▪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
▪Awaiting SFC’s direction
▪Publish outstanding financial
results and address any
auditors’ concerns
6
Rules 3.08 and 3.09
7
Rules 6.01 and 6.10
8
Rule 6.04

5. 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
results and address any
auditors’ concerns
Hyperlinks:
Announcement dated 2 Nov
2011
Announcement dated 20 Dec
2013
▪Interim receivers and managers
appointed in Mar 2014
Hyperlinks:
Announcement dated 22 Apr
2013
Announcement dated 17 Jul 2013
Announcement dated 24 Dec
2013
Announcement dated 17 Sep
2014
4 Real Gold Mining
Limited (246)
27-May-11 ▪Conduct forensic
investigation to address
reported potential
irregularities
▪Inform market of material
information
▪Publish outstanding
financial results and address
any auditors' concerns
▪Demonstrate adequate
internal control system
Hyperlink:
Announcement dated 30 Mar
2012
▪Forensic investigation
completed and findings
announced in Apr and Jun 2014
▪Outstanding results expected to
be published in Oct 2015
Hyperlinks:
Announcement dated 25 Apr
2014
Announcement dated 19 Jun 2014
Announcement dated 30 Jan 2015
▪Address issues arisen from
forensic investigation findings
▪Publish outstanding financial
results and address any
auditors' concerns
▪Demonstrate adequate internal
control system
5 BEL Global Resources
Holdings Limited (761)
4-Jul-11 ▪Investigate a previous
transaction and inform
market of material
information
▪Demonstrate directors
satisfying the levels of skill,
care, experience and
integrity, etc, required by
Listing Rules
▪Publish outstanding
financial results and address
any auditors' concerns
▪Demonstrate adequate
internal control system
Hyperlinks:
Announcement dated 22 Dec
2011
Announcement dated 4 Dec
2014
▪Forensic investigation
completed and reported to a law
enforcement agency in Oct 2013
▪Further resumption conditions
imposed in Nov 2014
Hyperlinks:
Announcement dated 4 Oct 2013
Announcement dated 4 Dec 2013
Announcement dated 4 Dec 2014
▪Investigate a previous
transaction and inform market
of material information
▪Demonstrate directors
satisfying the levels of skill,
care, experience and integrity,
etc, required by Listing Rules
▪Publish outstanding financial
results and address any
auditors' concerns
▪Demonstrate adequate internal
control system
6 Zhongda International
Holdings Limited (909)
5-Sep-11 ▪Investigate the suspected
misuse of funds by
directors and inform market
of material information
▪Demonstrate directors
satisfying the levels of skill,
care, experience and
integrity, etc, required by
Listing Rules
▪Publish outstanding
financial results and address
any auditors' concerns
▪Demonstrate adequate
internal control system
Hyperlink:
Announcement dated 1 Nov
2012
▪Outstanding results published
▪Internal control review
completed and is preparing the
report
Hyperlinks:
Announcement dated 28 Nov
2014
Announcement dated 30 Jan 2015
▪Investigate the suspected
misuse of funds by directors
and inform market of material
information
▪Demonstrate directors
satisfying the levels of skill,
care, experience and integrity,
etc, required by Listing Rules
▪Address any auditors'
concerns
▪Demonstrate adequate internal
control system
7 Boshiwa International
Holdings Limited
(Provisional Liquidators
Appointed) (1698)
15-Mar-12 ▪Conduct forensic
investigation to address
issues raised by auditors
▪Demonstrate directors
satisfying the levels of skill,
care, experience and
integrity, etc, required by
Listing Rules
▪Inform market of material
information
▪Publish outstanding
financial results and address
any auditors’ concerns
▪Forensic investigation
completed and findings
announced in Apr 2013
▪Winding up petition issued and
provisional liquidators
appointed in Feb 2015
Hyperlinks:
Announcement dated 26 Apr
2013
Announcement dated 16 Feb
2015
▪Publish outstanding financial
results and address any
auditors’ concerns
▪Demonstrate adequate internal
control system

6. 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
▪Demonstrate adequate
internal control system
Hyperlink:
Announcement dated 7 Nov
2012
8 Daqing Dairy Holdings
Limited (1007)
22 Mar-12 ▪Conduct forensic
investigation to address
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
▪Publish outstanding
financial results and address
any auditors’ concerns
▪Demonstrate adequate
internal control system
Hyperlink:
Announcement dated 9 Nov
2012
▪Forensic accountant engaged in
Nov 2013
Hyperlink:
Announcement dated 6 Nov 2013
▪Conduct forensic
investigation to address 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
▪Publish outstanding financial
results and address any
auditors’ concerns
▪Demonstrate adequate internal
control system
9 Trony Solar Holdings
Company Limited
(2468)
21-Jun-12 ▪Conduct forensic
investigation to address
potential irregularities
identified by company
▪Inform market of material
information
▪Publish outstanding
financial results and address
any auditors' concerns
▪Demonstrate adequate
internal control system
Hyperlink:
Announcement dated 11 Oct
2012
▪Forensic investigation
completed and findings
announced in Dec 2014
▪Outstanding results expected to
be published in Sept 2015
Hyperlinks:
Announcement dated 12 Dec
2014
Announcement dated 18 Feb
2015
▪Address issues arisen from
forensic investigation findings
▪Publish outstanding financial
results and address any
auditors' concerns
▪Demonstrate adequate internal
control system
10 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
11 China Metal Recycling
(Holdings) Limited
(Provisional Liquidators
Appointed) (773)
28-Jan-13 ▪Conduct forensic
investigation to address
allegations in a research
report
▪Publish outstanding
financial results and address
any auditors’ concerns
Hyperlink:
Announcement dated 28 Mar
2013
▪Securities and Futures
Commission filed a winding up
petition and appointed
provisional liquidators in Jul
2013
Hyperlink:
Announcement dated 29 Jul 2013
▪Pending court decision on
winding up petition
▪Conduct forensic
investigation to address
allegations in a research
report
▪Publish outstanding financial
results and address any
auditors’ concerns
12 Sijia Group Company
Limited (1863)
14-Feb-13 ▪Approval of resumption by
Securities and Futures
Commission (SFC)
▪Inform market of material
information
▪Publish outstanding
financial results and address
any auditors’ concerns
Hyperlinks:
Announcement dated 13 Jun
2014
Announcement dated 4 Dec
2014
▪Independent investigation
completed and findings
announced in Jun 2013
▪Outstanding results published
▪SFC directed the Exchange to
suspend the company's shares
trading
Hyperlinks:
Announcement dated 21 Jun 2013
Announcement dated 13 Jun 2014
Announcement dated 28 Aug
2014
▪Awaiting SFC’s direction
▪Address auditors’ concerns
13 Dynasty Fine Wines
Group Ltd. (828)
22-Mar-13 ▪Publish internal
investigation findings and
address any identified
▪Internal investigation and audit
expected to be completed in Apr
2015
▪Publish internal investigation
findings and address any
identified issues

7. 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
issues
▪Publish outstanding financial
results and address any
auditors’ concerns
Hyperlink:
Announcement dated 8 Oct
2013
Hyperlink:
Announcement dated 30 Jan 2015
▪Publish outstanding financial
results and address any
auditors’ concerns
14 China Lumena New
Materials Corp. (67)
25-Mar-14 ▪Address the alleged
irregularities and inform
market of material
information
▪Demonstrate sufficient
operations / assets
▪Publish outstanding
financial results and address
auditors’ concerns
Hyperlink:
Announcement dated 26 Nov
2014
▪Initial responses to the alleged
irregularities published in Apr
2014
▪Outstanding results expected to
be published in Mar 2015
Hyperlinks:
Announcement dated 3 Apr 2014
Announcement dated 23 Jan 2015
▪Address the alleged
irregularities and inform
market of material
information
▪Demonstrate sufficient
operations / assets
▪Publish outstanding financial
results and address auditors’
concerns
15 Han Tang International
Holdings Limited
(formerly known as
Pearl River Tyre
(Holdings) Ltd.) (1187)
1-Apr-14 ▪Publish forensic review
findings and address any
identified issues
▪Demonstrate sufficient
operations / assets
▪Publish outstanding
financial results and address
any auditors’ concerns
▪Demonstrate adequate
internal control system
Hyperlink:
Announcement dated 11 Sep
2014
▪Forensic investigation
completed and findings
announced in Sep 2014
▪Internal control review
completed in Nov 2014
▪Outstanding results published
Hyperlinks:
Announcement dated 15 Sep
2014
Announcement dated 11 Nov
2014
Announcement dated 13 Nov
2014
▪Address issues arisen from
forensic investigation findings
▪Demonstrate sufficient
operations / assets
▪Address auditors’ concerns
▪Demonstrate adequate internal
control system
16 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
▪Inform market of material
information
Hyperlink:
Announcement dated 11 Jul
2014
▪Independent adviser appointed
in Jul 2014
▪Key findings of interim
investigation report announced
in Sep 2014
Hyperlinks:
Announcement dated 28 Jul 2014
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
▪Inform market of material
information
17 Fujian Nuoqi Co., Ltd.
(1353)
23-Jul-14 ▪Demonstrate sufficient
operations / assets
▪Conduct forensic
investigation to address
reported potential
irregularities
▪Demonstrate directors
satisfying the levels of skill,
care, experience and
integrity, etc, required by
Listing Rules
▪Inform market of material
information
▪Publish outstanding
financial results and address
any auditors’ concerns
▪Demonstrate adequate
internal control system
Hyperlink:
Announcement dated 14 Nov
2014
▪Potential irregularities
announced
▪Financial adviser appointed in
Sep 2014 to formulate
restructuring proposal
Hyperlinks:
Announcement dated 24 Oct
2014
Announcement dated 28 Nov
2014
▪Demonstrate sufficient
operations / assets
▪Conduct forensic
investigation to address
reported potential
irregularities
▪Demonstrate directors
satisfying the levels of skill,
care, experience and integrity,
etc, required by Listing Rules
▪Inform market of material
information
▪Publish outstanding financial
results and address any
auditors’ concerns
▪Demonstrate adequate internal
control system

8. 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
18 NVC Lighting Holding
Limited (2222)
11-Aug-14 ▪Address the identified
irregularities and inform
market of their impact
▪Demonstrate adequate
internal control system
▪Publish forensic review
findings and address any
identified issues
▪Inform market of material
information
Hyperlink:
Announcement dated 21 Jan
2015
▪Forensic accountant engaged in
Jan 2015
Hyperlink:
Announcement dated 21 Jan 2015
▪Address the identified
irregularities and inform the
market of their impact
▪Demonstrate adequate internal
control system
▪Publish forensic review
findings and address any
identified issues
▪Inform market of material
information
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
Resumption conditions /
Major issues to be
addressed
Major developments based on
company’s announcements
Outstanding issues
1 China Billion Resources
Limited (274)
29-Jun-11 ▪Inform market of material
information
▪Demonstrate adequate
internal control system
▪Publish outstanding
financial results and address
any auditors’ concerns
Hyperlink:
Announcement dated 10 Apr
2012
▪Internal control review
completed and is being reviewed
by the management
Hyperlinks:
Announcement dated 7 Jan 2015
▪Demonstrate adequate internal
control system
▪Publish outstanding financial
results and address any
auditors’ concerns
2 Mayer Holdings
Limited (1116)
9-Jan-12 ▪Inform market of material
information
▪Publish outstanding
financial results and address
any auditors’ concerns
Hyperlink:
Announcement dated 22 Nov
2012
▪Substantial change of board
members in Oct 2014
Hyperlink:
Announcement dated 9 Oct 2014
▪Inform market of material
information
▪Publish outstanding financial
results and address any
auditors’ concerns
3 Siberian Mining Group
Company Limited
(1142)
22-Apr-13 ▪Investigate a past
acquisition and address any
identified issues
▪Inform market of material
information
▪Publish outstanding
financial results and address
any auditors’ concerns
Hyperlink:
Announcement dated 4 Oct
2013
Announcement dated 10 Jul
2014
▪Further resumption conditions
imposed in Jul 2014
Hyperlink:
Announcement dated 10 Jul 2014
▪Investigate a past acquisition
and address any identified
issues
▪Inform market of material
information
▪Publish outstanding financial
results and address any
auditors’ concerns
4 Flyke International
Holdings Ltd (1998)
31-Mar-14 ▪Publish investigation
findings
▪Publish outstanding
financial results and address
▪Investigation completed and
findings announced in Jan 2015
▪Address issues arisen from
investigation findings
▪Publish outstanding financial
results and address auditors’
9
Rules 6.01 and 6.10
10
Rule 6.04

9. 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
auditors’ concerns
▪Demonstrate adequate
internal control system
Hyperlinks:
Announcement dated 29 Sep
2014
Hyperlink:
Announcement dated 28 Jan
2015
concerns
▪Demonstrate adequate internal
control system
5 Golden Shield Holdings
(Industrial) Limited
(2123)
1-Apr-14 ▪Publish outstanding
financial results and address
any auditors’ concerns
Hyperlink:
Announcement dated 31
Mar 2014
▪Winding up petition issued
against the Company in Oct
2014
Hyperlink:
Announcement dated 7 Jan 2015
▪Publish outstanding financial
results and address any
auditors’ concerns
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
Resumption conditions /
Major issues to be
addressed
Major developments based on
company’s announcements
Outstanding issues
1 SCMP Group Limited
(583)
26-Feb-13 ▪Restore public float
Hyperlink:
Announcement dated 25 Feb
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:
Announcement dated 5 May
2014
▪Two major shareholders are in
discussion of possible solutions
in resolving the public float
issue
Hyperlink:
Announcement dated 13 Feb
2015
▪Restore public float
3 Simsen International
Corporation Limited
(993)
4-Nov-14 ▪Publish announcement in
relation to a proposed
subscription and
distribution in species
Hyperlink:
▪Announcement dated 4 Nov
2014
▪Conditional subscription
agreement signed in Jan 2015
▪Announcement under
finalisation
Hyperlink:
Announcement dated 30 January
2015
▪Publish announcement in
relation to a proposed
subscription and distribution
in species
4 Superb Summit
International Group
Limited (1228)
20-Nov-14 ▪Address the allegations and
inform market of material
information
Hyperlink:
▪Announcement dated 20
Nov 2014
▪Company is preparing an
announcement to address the
allegations in an analyst report
Hyperlink:
Announcement dated 13 Jan 2015
▪Address the allegations and
inform market of material
information