Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

RENTIAN TECHNOLOGY HOLDINGS LIMITED

仁天科技控股有限公司*

(IN LIQUIDATION)

(Incorporated in Cayman Islands with limited liability)

(Stock Code: 00885)

ADDITIONAL RESUMPTION GUIDANCE

FURTHER INFORMATION ON DELAY IN PUBLICATION OF ANNUAL RESULTS AND

ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

AND

QUARTERLY UPDATE ON RECENT DEVELOPMENT

This announcement is made by Rentian Technology Holdings Limited (In Liquidation) (the "Company", together with its subsidiaries) pursuant to Rule 13.09(2)(a) of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange") and the Inside Information Provisions under Part XIVA of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong).

Reference is made to the announcements of the Company released on 19 November 2020, 18 December 2020, 4 January 2021, 29 January 2021 and 31 March 2021 (collectively, the "Announcements"). Unless otherwise defined, capitalised terms used herein shall have the same meanings as defined in the Announcements.

ADDITIONAL RESUMPTION GUIDANCE

On 16 April 2021, the Company received a letter from the Stock Exchange (the "Additional Resumption Guidance"), in which Stock Exchange sets out the following additional resumption guidance for the Company:

  • publish all outstanding financial results and address any audit modifications.

The Stock Exchange further indicates that it may modify or supplement the Resumption Guidance that have been given and/or give further guidance if the Company's situation changes.

FURTHER INFORMATION ON DELAY IN PUBLICATION OF ANNUAL RESULTS AND ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Company wishes to inform the shareholders and other investors that it is unlikely for the Company to publish the 2020 Annual Results and 2020 Annual Report within three months after the end of the financial year as the Company's key accounting staff member resigned in mid-March 2021, the Company has insufficient manpower to handle the books and the account, hence, the consolidated management accounts for the year ended 31 December 2020 is yet to finalize.

In addition, the Company is seeking for funding from potential investor to preform the audit of the financial information of the Company.

As at the date hereof, the Company could not envisage the time for publishing the 2020 Annual Results and despatching the 2020 Annual Report. Further announcement would be made by the Company if the time for the publication of the 2020 Annual Results and the 2020 Annual Report could be ascertained.

WINDING UP ORDER AGAINST THE COMPANY

On 21 October 2020, the Company was ordered to be wound up by the High Court of Hong Kong in HCCW 63/2020 pursuant to the provisions of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32, Laws of Hong Kong) and Mr. FOK Hei Yu and Mr. CHOW Wai Shing Daniel, both of FTI Consulting (Hong Kong) Limited were appointed as joint and several liquidators (the "Liquidators") of the Company on 27 November 2020.

The Liquidators are in the process of identifying options to restructure the business and affairs of the Group and parties suitable to participate in the restructuring of the Company. Further announcement will be made by the Company on any major development of the fulfillment of the resumption conditions when appropriate.

GUIDANCE ON THE DELISTING FRAMEWORK UNDER THE LISTING RULES

Under Rule 6.01A(1) of the Listing Rules, the Stock Exchange may cancel the listing of any securities that have been suspended from trading for a continuous period of 18 months. In the case of the Company, the 18 month period expires on 21 April 2022. If the Company fails to remedy the issues causing its trading suspension, fulfill the resumption guidance and fully comply with the Listing Rules to the Stock Exchange's satisfaction and resume trading in its shares by 21 April 2022, the Listing Division will recommend the Listing Committee to proceed with the cancellation of the Company's listing. Under Rules 6.01 and 6.10 of the Listing Rules, the Stock Exchange also has the right to impose a shorter specific remedial period, where appropriate.

The Company will keep the Company's shareholders and other investors informed of the status and development of the Company as and when appropriate.

CONTINUED SUSPENSION OF TRADING

Trading in the shares of the Company on the Stock Exchange has been suspended since 9:00 a.m. on 22 October 2020. Trading in the shares of the Company will remain suspended until further notice. Shareholders and other investors are advised to exercise caution when dealing with the shares of the Company.

For and on behalf of

Rentian Technology Holdings Limited

(In Liquidation)

FOK Hei Yu

CHOW Wai Shing Daniel

Joint and Several Liquidators

acting as agents of the Company and without personal liabilities

Hong Kong, 22 April 2021

According to the information available from the previous announcements made by the Company, the executive director of the Company is Mr. Li Xiaoguang.

The affairs, business and property of the Company are being managed by the Joint and Several Liquidators who act as the agents of the Company only and is not subject to personal liability.

* For identification purpose only

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Rentian Technology Holdings Limited published this content on 23 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2021 23:37:06 UTC.