GBA Dynamic faces delisting amidst resumption challenges

Greater Bay Area Dynamic Growth Holding Limited (GBA Dynamic) announced a quarterly update on its resumption efforts, revealing that its trading suspension, initiated on April 2, 2024, remains in effect. The company faces significant challenges, including the delayed publication of financial results for 2023, 2024, and 2025, and issues with regaining effective control over Rosedale Hotel Shenyang due to a "Purported Disposal." The restoration of Shenyang Hotel Holdings Limited (SHHL), a struck-off BVI entity, is critical for reversing this disposal and addressing financial reporting.

Furthermore, GBA Dynamic received a decision from the Listing Committee on October 17, 2025, to cancel its listing status. The company has applied for a review of this decision, with a hearing scheduled for December 17, 2025. The company is also working to address non-compliance with Listing Rules 3.10 and 3.10A regarding the number of independent non-executive directors on its board, following recent resignations and appointments.

Independent forensic investigations into alleged "Purported Disposal," "Second Purported Disposal," "Bank Overstatements," "Illegal Acts," and "Guangzhou Rosedale Irregularities" are ongoing, with the first report submitted to the Stock Exchange for scrutiny. GBA Dynamic aims to demonstrate compliance with Listing Rule 13.24 after the restoration of the BVI holding company and completion of the "Reversal" process.