TIDMCNEL
RNS Number : 7495H
China New Energy Ltd
26 March 2020
26 March 2020
China New Energy Limited
(the "Company" or "CNE")
Posting of Circular and Notice of AGM
The Board of CNE (AIM:CNEL), the AIM quoted engineering and
technology solutions provider to the bioenergy sector, announces
that it has posted to all shareholders a circular and notice
convening its annual general meeting ("the Notice of AGM") at which
it will present resolutions to shareholders including certain
resolutions in respect of its proposed application to The Stock
Exchange of Hong Kong.
The annual general meeting will be held at 8(th) Floor, Zone B,
Energy Saving and Environmental Protection Building of GIEC, No.2
Nengyuan Road, Wushan, Tianhe District, Guangzhou, Guangdong
Province, China on 16 April 2020 at 9.00am London time.
A copy of the circular and Notice of AGM will shortly be
available on the Company's website www.chinanewenergy.co.uk .
Shareholders can get access to the circular and the Notice of AGM
by clicking "Investors" and then clicking "Circular". The
notification to Shareholders by way of this announcement concerns
the Notice of AGM served in accordance with the law and the
articles of association of the Company.
The Company further confirms that it will shortly resubmit its
application for listing the Company's shares on the main board of
The Stock Exchange of Hong Kong Limited. The Application Proof will
be available for download from both the investor section of the
Company's website at www.chinanewenergy.co.uk or the New Listings
> Application Proof, PHIP and Related Materials section of
HKEx's website at www.hkexnews.hk .
This announcement contains inside information for the purposes
of Article 7 of EU Regulation 596/2014.
For further information, please contact:
China New Energy Limited
Ivy Xu xuhj@zkty.com.cn Tel: +86 20 8705
Richard Bennett 9371
rbennett@zkty.com.cn Tel: +44 7966
388374
Cairn Financial Advisers LLP Tel: +44 20 7213 0880
(Nomad & Broker)
Jo Turner / Sandy Jamieson
Dear Shareholders
AUTHORITY TO ALLOT SHARES
AUTHORITY TO REPURCHASE SHARES
PROPOSED CANCELLATION OF ADMISSION TO TRADING ON AIM
AND
NOTICE OF ANNUAL GENERAL MEETING
1. Introduction
This document includes the Company's Notice of Annual General
Meeting and sets out the background to and the reasons for the
Proposals.
On 23 October 2019, the Shareholders passed a resolution at the
Company's Extraordinary General Meeting to approve the cancellation
of the admission of the Shares to trading on the AIM, conditional
upon and with effect from the Hong Kong Listing taking place.
The Company has today called an Annual General Meeting to
approve the Proposals. The Proposals include (i) the resolutions to
approve the Company's normal business of AGM; (ii) a proposal to
grant the Directors authority to issue Shares for cash; (iii) a
proposal to grant the Directors authority to repurchase Shares; and
(iv) a proposal to renew the authority granted by the Shareholders
for the Delisting at the EGM which expired on 22 January 2020. Save
as amended or replaced pursuant to the Proposals to be considered
at the AGM, the resolutions passed at the EGM will remain in
effect. The purpose of this letter is to give you further
information about the background to and reasons for the
Proposals.
2. The Delisting
At the EGM, the Shareholders passed a resolution to approve the
cancellation of admission of the Shares to trading on the AIM,
conditional upon and with effect from the Hong Kong Listing taking
place. The EGM Circular explained the background to and reasons for
the Delisting and the Hong Kong Listing, and included a statement
that, in the event that the Hong Kong Listing did not occur within
three months following the date of the EGM, the Company would seek
a further Shareholders' resolution to approve the Delisting if the
Directors still believed that it was in the best interests of the
Company to proceed with the Delisting and the Hong Kong
Listing.
As announced by the Company on 8 January 2020, the Hong Kong
Listing application process has taken longer than expected. The
purpose of proposing Resolution 6 to approve the Delisting now is
to ensure that the Company is in a position to proceed with the
Delisting and the Hong Kong Listing. The Company will continue to
observe the overall sentiment in the stock market in Hong Kong and
inform the investors and the market as soon as practicable as to
the material developments in relation to the Hong Kong Listing and
the Delisting.
The Directors believe that it is still currently in the best
interests of the Company to list its shares on the Hong Kong Stock
Exchange and to delist from the AIM for the reasons set out in the
EGM Circular (which is available on the Company's website at
www.chinanewenergy.co.uk). Resolution 6 in the Notice of AGM seeks
Shareholder approval in the same form as previously given by the
Shareholders at the EGM.
The Delisting is conditional upon:
(a) the passing of Resolution 6 approving the Delisting by
Shareholders holding not less than 75 per cent. of votes cast in
accordance with the AIM Rules; and
(b) the Hong Kong Listing taking place within three months from
the passing of Resolution 6.
Subject to the requisite shareholder approval being received and
approval of the Hong Kong Listing by the Listing Committee, the
Company will announce a definitive date for the Hong Kong Listing
and the Delisting as soon as such dates are confirmed. In the event
that Hong Kong Listing does not occur within three months of the
approval of the Resolution 6 and the Directors still believe that
it is in the best interests of the Company to list the Shares on
the Hong Kong Stock Exchange and to delist from AIM, the Company
will seek a further Shareholders' resolution in the same form as
the Resolution 6 to approve the Delisting conditional upon the Hong
Kong Listing taking place.
In accordance with Rule 41 of the AIM Rules, the Company has
notified the London Stock Exchange of the proposed Delisting. The
Company will inform the London Stock Exchange and the market of the
precise proposed date for the Delisting at least ten clear Business
Days in advance of that date.
Following the Hong Kong Listing and the Delisting, all
Shareholders will retain their existing shareholding. The Shares
are currently registered on the Company's Jersey share register for
the purposes of trading on AIM. Following the Hong Kong Listing and
the Delisting, the Company's principal register of members will be
maintained by its principal share registrar, Computershare Investor
Services (Jersey) Limited and the Company's Hong Kong register of
members will be maintained by the Hong Kong Branch Share Registrar
in Hong Kong. Unless the Directors otherwise agree, all transfer
and other documents of title of Shares must be lodged for
registration with and registered by the Hong Kong Branch Share
Registrar and may not be lodged in Jersey. Shares not registered on
the Hong Kong share register on the first day of the Hong Kong
Listing will not be able to be traded on the Hong Kong Stock
Exchange from the first day of the Hong Kong Listing. For further
details, please see paragraph 5 of the EGM Circular.
3. General mandate to issue Shares
Conditional on, among others, the Listing Committee granting the
listing of, and permission to deal in the Shares in issue and to be
issued and on the obligations of the Underwriters under the
Underwriting Agreements becoming and remaining unconditional and
not having been terminated in accordance with the terms of the
Underwriting Agreements on or before such dates as may be specified
in the Underwriting Agreements, the Directors are proposed by
Resolution 4 to be granted a general unconditional mandate to issue
Shares of not more than 20 per cent. of the aggregate number of
issued Shares immediately following completion of the Global
Offering (excluding any Shares that may be allotted and issued
pursuant to the exercise of options that have been granted under
the Schemes and the Over-allotment Options).
Resolution 4 in this document is same as Resolution 2 in the
Notice of EGM. Resolution 2 in the Notice of EGM was passed by the
Shareholders at the EGM but it will expire on the conclusion of the
AGM. By Resolution 4, the Directors seek the Shareholders'
approval, at the AGM, to renew the general mandate to issue Shares
which has been approved by the Shareholders at EGM.
4. General mandate to repurchase Shares
Conditional on, among others, the Listing Committee granting the
listing of, and permission to deal in the Shares in issue and to be
issued and on the obligations of the Underwriters under the
Underwriting Agreements becoming and remaining unconditional and
not having been terminated in accordance with the terms of the
Underwriting Agreements on or before such dates as may be specified
in the Underwriting Agreements, the Directors are proposed by
Resolution 5 to be granted a general unconditional mandate to
exercise all the powers of the Company to repurchase Shares of not
more than 10% of the number of Shares in issue immediately
following completion of the Global Offering (excluding any Shares
that may be allotted and issued pursuant to the exercise of options
that have been granted under the Schemes and the Over-allotment
Options).
Pursuant to Rule 10.06(2)(a) of the Hong Kong Listing Rules, the
repurchase price of the Shares by the Company on the Hong Kong
Stock Exchange shall not be higher by 5% or more than the average
closing market price for the five preceding trading days on which
the Shares were traded on the Hong Kong Stock Exchange.
Resolution 5 in this document is same as Resolution 5 in the
Notice of EGM. Resolution 5 in the Notice of EGM was passed by the
Shareholders at the EGM but it will expire on the conclusion of the
AGM. By Resolution 5, the Directors seek the Shareholders'
approval, at the AGM, to renew the general mandate to repurchase
Shares which has been approved by the Shareholders at EGM.
5. Annual General Meeting
Set out at the end of the Circular is a notice convening the AGM
of the Company to be held at 8(th) Floor, Zone B, Energy Saving and
Environmental Protection Building of GIEC, No.2 Nengyuan Road,
Wushan, Tianhe District, Guangzhou, Guangdong Province, China on 16
April 2020 at 9 am London time. At this AGM, the Resolutions will
be proposed.
6. Actions to be taken - AGM
Enclosed with the Circular is a Form of Proxy for use at the
AGM. In the event that you are unable to attend or whether or not
you propose to attend the AGM in person, you are urged to complete
and return the Form of Proxy to the office of the Company's
Registrars, Computershare Investor Services Plc, The Pavilions,
Bridgewater Road, Bristol, BS99 6ZY, in accordance with the
instructions printed thereon as soon as possible and, in any event,
so as to be received no later than 9 am on 14 April 2020.
Completion and return of a Form of Proxy will not preclude you from
attending the AGM and voting in person if you wish.
Due to the outbreak of Coronavirus (Covid-19), several central
governments in the Europe including the UK have imposed travel
restrictions and/or lockdown measures to prevent the spread of the
virus. This will inevitably cause disruption to either the
Shareholders' travel to the AGM venue or the posting of the Form of
Proxy. The Board would suggest the Shareholders plan well ahead in
order to minimise any potential disruption to their travel plan or
the posting of the Form of Proxy.
7. Recommendation
The Directors consider that all the Resolutions to be considered
at the AGM, including the Delisting, are fair and reasonable and
are in the best interests of the Company and the Shareholders as a
whole. The Directors therefore unanimously recommend that you vote
in favour of the Resolutions.
8. Resolutions
The full text of the Resolutions are set out in the Notice of
AGM.
Yours faithfully
Yu Weijun
Executive Chairman
Company number: 93306
CHINA NEW ENERGY LIMITED
NOTICE OF ANNUAL GENERAL MEETING
NOTICE IS HEREBY GIVEN that the extraordinary general meeting of
the above named company (the "Company") will be held at 8(th)
Floor, Zone B, Energy Saving and Environmental Protection Building
of GIEC, No.2 Nengyuan Road, Wushan, Tianhe District, Guangzhou,
Guangdong Province, China on 16 April 2020 at 9 am London time and
to consider and, if thought fit, to pass the following resolutions
which will be proposed, in the case of Resolutions 1 to 4 as
ordinary resolutions and in the case of Resolutions 5 and 6 as
special resolutions:
ORDINARY RESOLUTIONS
1 To receive the Company's annual accounts for the financial
year ended 31 December 2019 together with the last Directors'
report, the last Directors' remuneration report and the auditors'
report on those accounts.
2 To re-elect Mr Weijun Yu, who retires by rotation pursuant to
article 19.6 of the Articles and who, being eligible, offers
himself for re-election as a Director.
3 To re-appoint PricewaterhouseCoopers as auditors of the
Company and to authorise the Directors to fix their
remuneration.
4 THAT, conditional on, among others, the Listing Committee
granting the listing of, and permission to deal in the Shares in
issue and to be issued and on the obligations of the Underwriters
under the Underwriting Agreements becoming and remaining
unconditional and not having been terminated in accordance with the
terms of the Underwriting Agreements on or before such dates as may
be specified in the Underwriting Agreements, the Global Offering
and the grant of the Over-allotment Option by the Company be and
are hereby approved and the Directors be and are hereby generally
and unconditionally authorised (i) to allot, issue and otherwise
deal with additional Relevant Securities (as defined in the
Articles) of the Company pursuant to the Global Offering and upon
the exercise of the Over-allotment Option; (ii) to make or grant
offers, agreements and options which might require the exercise of
such powers up to a maximum aggregate number which is not more than
20% of the aggregate nominal value of the Shares issued and to be
allotted and issued pursuant to the Global Offering (taking no
account of any Shares which may be allotted and issued pursuant to
the exercise of options which have been granted under the Schemes
and the Over-allotment Options), otherwise than by way of rights
issue, scrip dividend schemes or similar arrangements providing for
the allotment and issue of Shares in lieu of whole or part of a
dividend on Shares in accordance with the Articles, or pursuant to
the exercise of any options which has been granted under the
Schemes or similar arrangement for the time being adopted, to such
persons, at such times and on such terms as they think fit (the
"Issuing Mandate") PROVIDED THAT the Issuing Mandate shall remain
in effect until the earlier of (a) the conclusion of the next
annual general meeting of the Company; or (b) the expiration of the
period within which the next annual general meeting of the Company
is required by any applicable law of the Jersey or the Articles to
be held; or (c) the date on which such mandate is revoked or varied
by special resolution in general meeting and SAVE THAT the Company
may, before such expiry, make or grant an offer, agreement or
option which would or might require Shares to be allotted after
such expiry and the Directors may allot and issue Shares pursuant
to such offer, agreement or option as if the Issuing Mandate had
not expired; and (iii) to do all things and execute all documents
in connection with or incidental to the Global Offering and the
Hong Kong Listing with such amendments or modifications (if any) as
the Directors may consider necessary or appropriate.
SPECIAL RESOLUTIONS
5 THAT , conditional on, among others, the Listing Committee
granting the listing of, and permission to deal in the Shares in
issue and to be issued and on the obligations of the Underwriters
under the Underwriting Agreements becoming and remaining
unconditional and not having been terminated in accordance with the
terms of the Underwriting Agreements on or before such dates as may
be specified in the Underwriting Agreements, the Directors be and
are hereby generally and unconditionally authorised to exercise all
powers of the Company to repurchase or otherwise acquire on the
Hong Kong Stock Exchange, or on any other stock exchange on which
the Shares are listed (and which is recognised by the SFC and the
Hong Kong Stock Exchange for this purpose), the Company's
securities up to an aggregate nominal amount not exceeding 10% of
the aggregate nominal value of the Shares of the Company issued and
to be allotted and issued pursuant to the Global Offering (taking
no account of any Shares which may be allotted and issued pursuant
to the exercise of options which have been granted under the
Schemes and the Over-allotment Options) (the "Repurchase Mandate")
PROVIDED THAT the Repurchase Mandate shall remain in effect until
the earlier of (a) the conclusion of the next annual general
meeting of the Company; or (b) the expiration of the period within
which the next annual general meeting of the Company is required by
any applicable law of the Jersey or the Articles to be held; or (c)
the date on which such mandate is revoked or varied by special
resolution in general meeting; and SAVE THAT the Company may,
before such expiry, enter into a contract to purchase or otherwise
acquire the securities of the Company which will or may be executed
wholly or partly after the expiry of such authority.
6 THAT , pursuant to Rule 41 of the AIM Rules, the cancellation
of the admission of the Shares to trading on the AIM be and is
hereby approved, conditional upon and with effect from the Hong
Kong Listing taking place provided that the Hong Kong Listing
occurs within three months from the date of passing of this
Resolution.
BY ORDER OF THE BOARD
Director
Date: 26 March 2020
Registered office:
Queensway House
Hilgrove Street
St Helier
Jersey
Channel Islands
JE1 1ES
EXPECTED TIMETABLE OF PRINCIPAL EVENTS
Publication of the Circular 26 March 2020
Voting Record Time of the AGM 6.30 p.m. on 14 April
2020
Latest time and date for receipt of Form 9.00 a.m. on 14 April
of Proxy for the AGM 2020
Annual General Meeting 9.00 a.m. on 16 April
2020
Announcements of results of AGM 16 April 2020
The Company is seeking Shareholders' approval of the Delisting
at the AGM. If passed, the resolution in respect of the Delisting
will allow the Delisting to occur conditional on the Hong Kong
Listing taking place within a three-month period from the passing
of the resolution of the Delisting. The timing of the Delisting is
contingent upon the timing of the Hong Kong Listing and the Hong
Kong Listing will occur on the first trading day on the Hong Kong
Stock Exchange following the last day of trading of the Shares on
AIM. Once the date of the Hong Kong Listing and the date of the
Delisting are confirmed, the Company will make an announcement
regarding such dates as soon as practicable.
All references in this document are to London time unless
otherwise stated.
If any of the above times and/or dates change, the revised times
and/or dates will be notified to Shareholders by announcement
through a Regulatory Information Service of the London Stock
Exchange.
DEFINITIONS
The following definitions apply throughout this document, unless
the context requires otherwise:
"Admission" the admission of the Shares to trading
on AIM;
"AIM" the market of that name operated
by the London Stock Exchange;
"AIM Rules" the AIM Rules for Companies published
by the London Stock Exchange from
time to time;
"Annual General Meeting" the annual general meeting of the
or "AGM" Company to be held at 8(th) Floor,
Zone B, Energy Saving and Environmental
Protection Building of GIEC, No.2
Nengyuan Road, Wushan, Tianhe District,
Guangzhou, Guangdong Province, China
on 16 April 2020 at 9 am (London
time) in accordance with the Notice
of AGM;
"Articles" the articles of association of the
Company as at the date of this document;
"Business Day" a day (excluding Saturday, Sunday
and public holidays in England and
Wales and Hong Kong) on which banks
are generally open for business
in London and Hong Kong for the
transaction of normal banking business;
"China" or "PRC" the People's Republic of China,
for the purpose of this document
only, excluding Hong Kong, Macau
and Taiwan;
"Circular" this document;
"Company" China New Energy Limited, a public
company with limited liability incorporated
in Jersey on 2 May 2006 under the
Jersey Companies Law with registered
number 93306;
"Delisting" the cancellation of Admission conditional
on the Hong Kong Listing taking
place;
"Directors" or "Board" the board of directors of the Company;
"Election Form" the form headed "Hong Kong Share
Registration Form" which is enclosed
with the EGM Circular for use by
the Shareholders to elect to choose
one of the four options as set out
in paragraph 5 of the EGM Circular
which is available from the Company's
website www.chinanewenergy.co.uk;
"Extraordinary General the extraordinary general meeting
Meeting" of the Company held on 23 October
or "EGM" 2019 at 9 am (London time) in accordance
with the Notice of EGM;
"EGM Circular" the circular sent to Shareholders
on 2 October 2019 together with
the Notice of EGM setting out the
background to and reasons for the
Delisting and the Hong Kong Listing;
"Form of Proxy" the form of proxy enclosed with
this document for use at the AGM
or at any adjournment thereof;
"Global Offering" the Hong Kong Public Offering and
the International Placing;
"Group" the Company and its subsidiaries;
"HK$" or "Hong Kong dollars" Hong Kong dollars, lawful currency
of Hong Kong;
"Hong Kong" the Hong Kong Administrative Region
of PRC;
"Hong Kong Branch Share Computershare Hong Kong Investor
Registrar" Services Limited;
"Hong Kong Listing" the proposed listing of the Shares
on the Main Board of the Hong Kong
Stock Exchange;
"Hong Kong Listing Rules" the Rules Governing the Listing
of Securities on the Hong Kong Stock
Exchange, as amended, supplemented
or otherwise modified from time
to time;
"Hong Kong Offer Shares" such number of Shares which will
be equivalent to approximately 10%
of the total number of Shares initially
offered by the Company for subscription
pursuant to the Global Offering,
subject to reallocation and clawback;
"Hong Kong Public Offering" the offering by the Company of the
Hong Kong Offer Shares for subscription
at the Offer Price (plus brokerage
of 1%, SFC transaction levy of 0.0027%
and Hong Kong Stock Exchange trading
fee of 0.005%);
"Hong Kong Stock Exchange" The Stock Exchange of Hong Kong
Limited, a wholly-owned subsidiary
of Hong Kong Exchanges and Clearing
Limited;
"Hong Kong Underwriters" the underwriters of the Hong Kong
Public Offering;
"Hong Kong Underwriting the underwriting agreement relating
Agreement" to the Hong Kong Public Offering
to be entered into by, among others,
the Sole Global Coordinator, the
Hong Kong Underwriters, and the
Company;
"International Placing" the conditional placing of the International
Placing Shares by the Underwriters,
outside the United States in offshore
transactions in accordance with
Regulation S;
"International Placing such number of Shares which will
Shares" be equivalent to approximately 90%
of the total number of Shares initially
offered by the Company for subscription
pursuant to the Global Offering,
subject to the Over-allotment Option
and subject to reallocation and
clawback;
"International Underwriters" the underwriters of the International
Placing;
"International Underwriting the underwriting agreement expected
Agreement" to be entered into on or around
the Price Determination Date by,
among others, the Sole Global Coordinator,
the International Underwriters and
the Company in respect of the International
Placing;
"Jersey" Bailiwick of Jersey, a British Crown
Dependency;
"Jersey Companies Law" the Companies (Jersey) Law 1991,
as amended;
"Listing Committee" the Listing Committee of the Hong
Kong Stock Exchange;
"London Stock Exchange" London Stock Exchange Group plc;
"Main Board" the stock exchange (excluding the
futures market) operated by the
Hong Kong Stock Exchange which is
independent from and operates in
parallel with the GEM of the Hong
Kong Stock Exchange;
"Notice of AGM" the notice of Annual General Meeting
which is set out at the end of this
document;
"Notice of EGM" the notice of Extraordinary General
Meeting which was sent to the Shareholders
on 2 October 2019;
"Offer Price" the final price per Offer Share
in Hong Kong dollars (exclusive
of brokerage fee of 1%, SFC transaction
levy of 0.0027% and Hong Kong Stock
Exchange trading fee of 0.005%),
at which Hong Kong Offer Shares
are to be subscribed;
"Offer Shares" the Hong Kong Offer Shares and the
International Placing Shares, collectively,
and where relevant, together with
any additional Shares to be issued
pursuant to the exercise of the
Over-allotment Option;
"Over-allotment Option" the option granted by the Company
to the International Underwriters,
exercisable by the Sole Global Coordinator
(for itself and on behalf of the
International Underwriters) pursuant
to which the Company may be required
to allot and issue such additional
new Shares at the Offer Price that
in aggregate will represent approximately
15% of the Shares initially being
offered under the Global Offering
to cover over-allocation in the
International Placing, if any;
"Price Determination Date" the date on which the Offer Price
is determined;
"Proposals" the principal proposals to be voted
on by Shareholders at the AGM;
"Regulation S" Regulation S under the U.S. Securities
Act;
"Resolutions" the resolutions to be proposed at
the Annual General Meeting in the
form set out in the Notice of AGM;
"Schemes" collectively, the pre-IPO share
option schemes adopted to provide
long-term incentives to the then
(i) employee and (ii) directors
and senior management, respectively,
of the Group;
"SFC" the Securities and Futures Commission
of Hong Kong;
"Shares" the ordinary shares of GBP0.00025
each in the capital of the Company,
and "Share" means any one of them;
"Shareholders" holders of Shares from time to time
and "Shareholder" means any one
of them;
"Sole Global Coordinator" the sole global coordinator, sole
or "Sole Bookrunner" or bookrunner or sole lead manager
"Sole Lead Manager" of the Global Offering;
"UK" or "United Kingdom" the United Kingdom of Great Britain
and Northern Ireland;
"Underwriter(s)" the Hong Kong Underwriter(s) and
the International Underwriter(s);
"Underwriting Agreements" the Hong Kong Underwriting Agreement
and the International Underwriting
Agreement;
"U.S." or "United States" the United States of America, its
territories, its possessions and
all areas subject to its jurisdiction;
"U.S. Securities Act" the United States Securities Act
of 1933, as amended, supplemented
or otherwise modified from time
to time and the rules and regulations
promulgated thereunder;
"%" per cent.; and
"GBP" pound sterling, the lawful currency
of the UK.
Information relating to forward-looking statements
This document may contain a number of forward-looking statements
relating to the Company with respect to, amongst others, the
following: financial conditions; results of operations; economic
conditions in which the Company operates; the business of the
Company; and management plans and objectives. The Company considers
any statements that are not historical facts as "forward-looking
statements". They relate to events and trends that are subject to
risks and uncertainties that could cause the actual results and
financial position of the Company to differ materially from the
information presented in the relevant forward-looking statement.
When used in this document the words "estimate", "project",
"intend", "aim", "anticipate", "believe", "expect", "should", and
similar expressions, as they relate to the Company or the
management of it, are intended to identify such forward-looking
statements. Readers are cautioned not to place undue reliance on
these forward-looking statements which speak only as at the date of
this document. The Company does not undertake any obligation
publicly to update or revise any of the forward- looking
statements, whether as a result of new information, future events
or otherwise, save in respect of any requirement under applicable
laws, the AIM Rules, the Hong Kong Listing Rules and other
regulations.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCKZGZFFVMGGZM
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