Suncity Group faces new hurdles for trading resumption

LET Group Holdings Limited (HKEX: 1383) announced it has received additional resumption guidance from the Stock Exchange of Hong Kong, setting further conditions for the lifting of its trading suspension, which began on February 14, 2024. The new guidance, dated February 5, 2025, requires the company to demonstrate a validly constituted board of directors compliant with applicable laws and regulations. This adds to existing requirements, including addressing regulatory concerns about management integrity, publishing outstanding financial results, and ensuring overall compliance with listing rules. The company is working to reconstitute its board, including filling an independent non-executive director role vacant since November 2024. Trading of the company's shares will remain suspended until all resumption guidance is met and the Stock Exchange is satisfied. Shareholders are advised to exercise caution when dealing in the shares.