SKYFAME REALTY (00059) has submitted a resumption proposal to the Stock Exchange.

SKYFAME REALTY (00059) announced that on September 17, 2026, the Company submitted a resumption proposal to the Stock Exchange seeking to resume trading in its shares. The resumption proposal sets out, among other things, the measures taken and proposed to be taken by the Company to fulfill the resumption guidance. In addition, the Company has submitted an application to the Stock Exchange to extend the remediation period to December 31, 2026, so as to enable the Company to meet the following resumption guidance requirements. As part of the implementation of the revised restructuring plan, the Company has applied to the Hong Kong Court for permission to convene a meeting of the Company's creditors to consider and, if thought fit, approve the scheme, and the relevant hearing was held at 10:00 a.m. on September 18, 2026. At the hearing, the Hong Kong Court granted an order approving the Company to convene a creditors' scheme meeting for scheme creditors to consider and, if thought fit, approve the scheme (with or without modification). The scheme meeting is tentatively scheduled to be held in late October or early November 2026, and the sanction hearing by the Hong Kong Court in respect of the scheme is tentatively scheduled for November 20, 2026. As disclosed in the Company's announcement dated January 9, 2026, the Stock Exchange has imposed the following resumption guidance on the Company: (i) the winding-up order against the Company has been withdrawn or dismissed, and the appointment of any liquidator has been discharged; (ii) publish all outstanding financial results and address any audit modifications in accordance with the requirements of the Listing Rules; (iii) demonstrate that the Company complies with Rule 13.24 of the Listing Rules; (iv) inform the market of all material information for the Company's shareholders and other investors to evaluate the Company's position; and (v) regain compliance with Rules 3.10(1), 3.10(2), 3.10A, 3.21, 3.25, 3.27A, 3.28 and 13.92 of the Listing Rules. On September 30, 2026, the Company received a winding-up petition (the Petition) filed against the Company in the Hong Kong Court by Mr. Li Pak Ho (the Petitioner), which relates to the alleged failure of the Company to repay a total of HK$10,469,200. The relevant debt is based on the Petitioner's claim that the Company failed to pay the Petitioner a judgment debt of HK$10 million in aggregate, together with related interest and costs, pursuant to a final judgment made by the Hong Kong Court on March 11, 2026, and a statutory demand served by the Petitioner's legal representative on August 10, 2026. The Petition will be heard at 9:30 a.m. on December 9, 2026 in the Hong Kong Court.