| 1.0 | Introduction |
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| 1.1 | Pursuant
to Rule 16.04 of the Listing Requirements, a trading halt may be imposed on the
listed corporation’s securities by the Exchange upon release of a material
announcement by the listed corporation before or during trading hours. |
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| 1.2 | The
purpose of trading halt is to enable dissemination of the material information
disclosed and facilitate the evaluation of such information. |
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| 1.3 | This
Guidance Note sets out the following: |
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| | (a) | the
types of material announcements which may warrant trading halt; and |
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| | (b) | the
periods of trading halt. |
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| 1.4 | Nothing
in this Guidance Note will be read to restrict the powers of the Exchange to
suspend the trading of the listed corporation’s securities pursuant to Rule
16.02 of the Listing Requirements. |
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| 2.0 | Material announcement which may warrant trading halt |
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| 2.1 | For
the purpose of Rule 16.04 of the Listing Requirements, an announcement relating
to any of the following matters will be regarded as a material announcement: |
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| | (a) | an interim
financial report; |
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| | (b) | a bonus
issue or other fund raising exercise; |
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| | (c) | a
subdivision of shares or consolidation by the listed corporation; |
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| | (d) | a
transaction requiring an announcement to be made under Chapter 10 of the
Listing Requirements; |
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| | (e) | a declaration
of a dividend or distribution; |
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| | (f) | a
change in the controlling shareholder of the listed corporation; |
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| | (g) | a
notice of take-over being served on a listed corporation; |
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| | (h) | commencement
of winding-up proceedings against the listed corporation or any of its
subsidiaries or major associated companies; |
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| | (i) | rejection
of the corporate proposals previously announced by the shareholders or
regulatory authorities; |
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| | (j) | the
prospects, revenue or profit estimate, forecast, projection or
internal targets of the listed corporation and any circumstances or development which are likely to materially affect the
results or outcome of the same; |
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| | (k) | any
clarifying announcement pursuant to Chapter 9 of the Listing Requirements
including the response to a rumour or report or unusual market activity; or |
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| | (l) | any
other announcements which the Exchange considers material pursuant to Rule
9.03(2) of the Listing Requirements. |
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| 3.0 | Periods of trading halt |
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| 3.1 | Where
the material announcement is released during trading hours, the trading halt
imposed by the Exchange will be for 1 hour or until the end of that trading
session, whichever is the earlier. The periods of trading halt that may be
imposed by the Exchange are as follows: |