Dashan Education Holdings Limited Faces Critical Listing Review Committee Hearing
Key Points from the Announcement
- Dashan Education Holdings Limited (“Dashan” or the “Company”, Stock Code: 9986) is at risk of having its listing status cancelled by the Stock Exchange of Hong Kong.
- The Listing Committee made an administrative decision on 4 June 2026 to cancel the Company’s listing without convening an oral hearing, with a formal notification sent on 5 June 2026.
- The Company has expressed concerns and formally requested a review of this decision on 16 June 2026, as allowed under Chapter 2B of the Listing Rules.
- The Listing Review Committee hearing is scheduled for 19 August 2026, representing the final opportunity for Dashan to challenge the cancellation decision under the Listing Rules.
- If the Listing Review Committee upholds the cancellation, Dashan’s shares will be delisted, subject only to possible judicial review in Hong Kong courts, outside the Listing Rules framework.
- No further appeal or review is possible within the Listing Rules after the Listing Review Committee’s decision.
- The Company will issue further announcements as appropriate, keeping shareholders and the market informed of any developments.
Details Investors Need to Know
The Company’s announcement emphasizes the critical nature of the upcoming Listing Review Committee hearing, as it is the last procedural recourse available within the Stock Exchange framework. If the Listing Review Committee decides to uphold the earlier Listing Committee decision, Dashan Education Holdings Limited will lose its listing status. This would have significant implications for shareholders, including potential loss of liquidity, trading suspension, or total delisting of the shares.
The Board has highlighted that, after the Listing Review Committee’s decision, the only possible avenue for further challenge would be judicial review in Hong Kong courts, which lies outside the rules and is typically a lengthy and uncertain process.
The hearing is scheduled for 19 August 2026. Shareholders should be aware that any outcome from this hearing can be highly price-sensitive, with a negative result likely to sharply impact share values and investor confidence.
Board Composition
- Chairman and non-executive Director: Tam Ka Hei Raymond
- Executive Directors: Li Jing, Shan Jingchao
- Independent non-executive Directors: Dr. Xie Xiangbing, Ms. Wang Yanxiao, Mr. You Huanyu
Investor Implications
Investors and shareholders are strongly advised to monitor further announcements from Dashan Education Holdings Limited, as the outcome of the Listing Review Committee hearing may directly affect the Company’s market status, share price, and their ability to trade the shares. This is a pivotal event that may materially affect the value of their holdings.
Disclaimer
This article is for informational purposes only and does not constitute investment advice. Investors should perform their own due diligence and consult professional advisers before making investment decisions. The outcome of regulatory or legal proceedings may be unpredictable and could significantly affect share values.
大山教育控股有限公司面臨上市資格最終審查聽證會
公告重點
- 大山教育控股有限公司（「大山」，股票代號：9986）正面臨香港聯交所取消上市資格的風險。
- 上市委員會於2026年6月4日作出行政決定，未召開聽證會便決定取消公司上市資格，並於6月5日發出正式通知。
- 公司已於2026年6月16日根據上市規則第2B章提出覆核申請，並表達多項關注。
- 上市覆核委員會聽證會定於2026年8月19日舉行，這是大山於上市規則下最後一次挑戰取消決定的機會。
- 若覆核委員會維持取消上市決定，大山股票將被除牌，只有在香港法院尋求司法覆核才有可能再作挑戰，但這不屬於上市規則範疇。
- 覆核委員會作出決定後，於上市規則下不再有任何覆核或上訴機會。
- 公司將會視情況發佈進一步公告，及時通知股東及市場最新進展。
投資者須知詳情
公司公告強調即將到來的上市覆核委員會聽證會至為關鍵，因這是聯交所框架內最後一個程序。若覆核委員會維持早前取消決定，大山教育控股將失去上市資格。這將對股東造成重大影響，包括流動性喪失、交易暫停或完全除牌。
董事會指出，覆核委員會作出決定後，唯一可能的挑戰途徑只有司法覆核，但這程序漫長且結果不明朗。
聽證會預定於2026年8月19日舉行。股東須注意此聽證結果極具價格敏感性，若結果不利，公司股價及投資者信心可能大受打擊。
董事會組成
- 主席及非執行董事：譚家禧（Tam Ka Hei Raymond）
- 執行董事：李靜、單景超
- 獨立非執行董事：謝祥兵博士、王燕曉女士、游寰宇先生
投資者影響
投資者及股東應密切關注大山教育控股有限公司的進一步公告，因覆核委員會聽證結果可能直接影響公司市場地位、股價及股份交易能力。這是一個可能會重大影響持股價值的關鍵事件。
免責聲明
本文章僅供參考，並非投資建議。投資者應自行進行盡職調查，並諮詢專業顧問作出投資決策。監管或法律程序結果難以預測，可能對股價產生重大影響。
