General
9.1
Does the ACE LR impose an obligation on listed corporations to make an announcement on internal management targets, prospects, revenue and profit estimate, forecast and projection?
The ACE LR does not impose an obligation on listed corporations to announce its internal management targets, prospects, revenue and profit estimate, forecast and projection.
The ACE LR merely prescribes additional disclosure obligations which have to be complied with by listed corporations who choose to announce its internal management targets or have previously announced/disclosed its prospects, revenue or profit estimate, forecast or projection in a public document in the following respect:
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that the announcement on the listed corporation’s internal management targets must explain the nature of the internal targets in accordance with Rule 9.16(1)(f) of the ACE LR; and
immediate and periodic disclosures must comply with Rule 9.19(37) of the ACE LR and Notes 3(b) and 4 of Appendix 9B of the ACE LR.