Many Idea Cloud Receives Exchange Guidance for Resumption of Trading

Many Idea Cloud (06696) has announced that on June 24, 2026, the company received a letter from the Stock Exchange. This letter sets out the following guidance regarding the resumption of trading in the company's shares:

(a) The company must appoint an independent investigation body to conduct a forensic investigation into the specified allegations and a second set of allegations, assess their impact on the company's business operations and financial condition, publish the investigation findings, and implement appropriate remedial actions.

(b) The company must demonstrate that there are no reasonable regulatory concerns regarding the integrity, competence, and/or character of the group's management and/or any individuals with significant influence over the company's management and operations, which could pose risks to investors and damage market confidence.

(c) The company must engage an independent internal control consultant to conduct an independent review and demonstrate that: (i) the material deficiencies identified leading to the trading suspension have been rectified and all necessary remedial measures have been properly implemented; and (ii) the company's internal controls are adequate and effective for their purpose, enabling compliance with the Listing Rules and other legal and regulatory requirements. This includes, but is not limited to, financial reporting, disclosure and compliance concerning discloseable and connected transactions, and the disclosure of inside information.

(d) The company must publish all outstanding financial results required under the Listing Rules and address any audit modifications.

(e) The company must demonstrate compliance with Rule 13.24 of the Listing Rules.

(f) The company must disclose all material information to the market to allow its shareholders and investors to assess the company's position.

The company is an investment holding entity, and the group primarily provides integrated marketing services in China to a large client base, achieving notable success particularly in the fast-moving consumer goods, footwear and apparel, and daily chemical industries.

As of the date of this announcement, despite the suspension of trading in the company's shares, the group's business operations continue as usual in all material respects.