Cha Bai Dao Establishes Independent Special Committee, Continues to Suspend Trading

Cha Bai Dao (02555.HK) announced on the Hong Kong Stock Exchange that the board of directors has resolved to establish an independent special committee, initially composed of all current independent non-executive directors. The independent special committee is authorized to exercise necessary powers to fulfill its responsibilities, including appointing independent professional advisors to assist in conducting an independent investigation. The committee is currently seeking suitable independent professional advisors, with measures including soliciting fee quotations and proposals, as well as assessing the expertise and competence of candidate firms. The company will announce the progress and results of the independent investigation at an appropriate time. According to the directive from the Securities and Futures Commission, the Stock Exchange has suspended all trading of shares from 9:00 AM on October 13, 2026, and will continue to suspend until further notice. Shareholders and potential investors should exercise caution when trading the company's securities.

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