Space Group Holdings faces extended trading suspension over non-compliance

Space Group Holdings Limited (In Liquidation) announced additional resumption guidance from the Stock Exchange, following the resignation of an independent non-executive director (INED). The company is currently non-compliant with several listing rules, including the requirement for at least one INED with relevant professional qualifications or financial management expertise (Rule 3.10(2)), the audit committee composition (Rule 3.10(2) and 3.21), and the nomination committee comprising a majority of INEDs (Rule 3.27A). The Stock Exchange requires the company to re-comply with these rules to resume trading.

The company's shares remain suspended from trading on the Stock Exchange since 11:17 a.m. on 15 July 2024. The Stock Exchange may modify or supplement the resumption guidance as the company's situation evolves. The joint and several liquidators, So Kit Yee Anita and Leung Fredric Hin Hang, are managing the company's affairs.