ALSCO POOLING (02649) receives resumption guidance from the Hong Kong Stock Exchange

ALSCO POOLING (02649) announced that on April 23, 2026, the company received a letter from the Hong Kong Stock Exchange listing the following guidelines for the resumption of trading in the company's H shares (resumption guidelines): (a) Conduct an independent forensic investigation into the following matters (Independent Investigation): (i) a RMB 73 million fixed-term loan granted by the company to an entity (the borrower), which is the subject of the transaction; (ii) several fund transfers totaling approximately RMB 73 million paid to an entity during the period from February 24 to 27, 2026 (shortly before the listing of H shares on the Stock Exchange mainboard on March 9, 2026); and (iii) matters of concern raised by the auditors concerning: (1) the commercial rationale for providing the loan and setting the interest rate benchmark; (2) the reasons for the company making partial payments to the borrower through an independent bank account during the period from February 24 to 27, 2026; (3) the recoverability of the loan; (4) the internal approval process for the loan; and (5) the implications of the loan under the listing rules (collectively referred to as "review matters"), assessing the impact on the company's business operations and financial condition, and disclosing the results of the independent investigation and taking appropriate remedial measures; (b) Address any reasonable suspicions about the integrity, ability, and/or character of any individuals in the group's management and/or those who have significant influence over the management and operation of the company, as such doubts may pose risks to investors and damage market confidence; (c) Engage an independent internal control advisor to conduct an independent internal control review and demonstrate that: (i) significant deficiencies identified during the trading suspension have been corrected and all necessary remedial measures have been implemented; and (ii) the company's internal control measures are sufficient and effectively achieve their purpose, ensuring compliance with the listing rules in all material aspects, including but not limited to financial reporting, disclosure related to announcements and related party transactions, compliance matters, and disclosure of significant information; (d) Publish all unaudited financial performance required by the listing rules and address any audit revision opinions; (e) Demonstrate compliance with Listing Rule 13.24; and (f) Disclose all significant information to the market for evaluation by the company's shareholders and other investors.