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Platt Nera International Limited (the Company, Stock Code: 1949) issued a supplemental announcement regarding discloseable transactions related to the purchases and disposals of securities. This follows its 8 August 2025 announcement, in which the Company explained its oversight in calculating size tests for certain transactions.
According to the supplemental information, certain disposals conducted in April, September, and February 2024–2025 were not assessed with updated market capitalization figures, and some profit and revenue ratios were omitted from the internal reference guide. This oversight led to errors in determining whether disclosure was required for relevant share disposals (Sale Shares 1) and purchases (Purchased Shares). Subsequent routine checks in August 2025 uncovered the discrepancy.
An overview shows that five transactions involving Sale Shares 1 and two transactions involving Purchased Shares were not disclosed in compliance with Chapter 14 of the Listing Rules. Meanwhile, transactions related to Sale Shares 2 were disclosed according to requirements.
As remedial measures, the Company engaged an external legal advisor to conduct an internal training session on 24 October 2025 for the Board, the company secretary, and senior management. The Company also updated its internal control policies to ensure the accuracy of size test calculations, requiring multiple verifications of the relevant financial data and market capitalization figures before proceeding with any transaction.
This supplemental announcement should be read in conjunction with the earlier disclosure dated 8 August 2025. Other information in that announcement remains unchanged. The Board of Directors, comprising executive and independent non-executive Directors, authorized its release on 5 November 2025.
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