Consultation Summary on Suggestions to Enhance the Competitiveness of the Listing Mechanism Released by the Hong Kong Stock Exchange

The Hong Kong Stock Exchange has released a consultation summary, adopting suggestions such as lowering the market value threshold and expanding confidentiality applications. The market value threshold for different voting rights has been adjusted to be ≥ HKD 20 billion; Or ≥ HKD 6 billion and the most recent fiscal year revenue ≥ HKD 600 million. When listed, the market value is ≥ HKD 40 billion, and the upper limit of different voting rights ratios can be increased to 20:1. Confidential submission of listing applications is extended to all new applicants.