17.53

Subject to rule 17.53A, where an issuer is obliged to publish any announcements, circulars or other documents for the purposes of the GEM Listing Rules, the documents need not be submitted to the Exchange for review before they are issued unless the documents fall within rule 17.53(1) or (2).
 
(1)    The issuer shall submit to the Exchange drafts of the following documents for review before they are issued:
 
(a) listing document (including prospectus);
 
(b) circular relating to cancellation or withdrawal of listing of listed securities;
 
(c) circular relating to transaction or matter required under Chapter 19 of the GEM Listing Rules;
 
(d) circular relating to connected transaction (including continuing connected transaction) required under Chapter 20 of the GEM Listing Rules;
 
(e) circular to the issuer's shareholders seeking their approval of:
 
(i) any transaction or arrangement under rule 17.39, 17.40 or 17.47(7);
 
(ii) any matter relating to share option scheme required under Chapter 23 of the GEM Listing Rules; or
 
(iii) any warrant proposal under rule 21.07(3); or
 
(f) circulars or offer documents issued by the issuer in connection with takeovers, mergers or offers.
 
The issuer shall not issue such documents until the Exchange has confirmed that it has no further comments thereon.
 
A document should be resubmitted to the Exchange for further comment prior to issue if any material change is made to the document after the Exchange has issued the “no further comment” confirmation (other than changes made to address the comments attached to the “no further comment” confirmation). If there is any doubt as to whether or not a change is material the Exchange must be consulted as soon as possible.
 
(2)    The following transitional provisions apply to announcements set out in this rule and shall cease to have effect on such date as the Exchange may determine and promulgate.

An issuer shall submit to the Exchange drafts of the following announcements for review before they are issued:
 
(a) announcement for any very substantial disposal, very substantial acquisition or reverse takeover under rules 19.34 and 19.35;
 
(b) announcement for any transaction or arrangement under rules 19.88 to 19.90; or
 
(c) announcement for any matter relating to a cash company under rules 19.82 and 19.83.
 
The issuer shall not issue such announcements until the Exchange has confirmed that it has no further comments thereon.
 
Notes:    1      Draft documents should be submitted in sufficient time for review and, if necessary, re-submission prior to dissemination or final printing.
 
  2 [Repealed 5 July 2021]
 
  3 In the case of documents issued in connection with takeovers, mergers or offers covered by the Takeovers Code, the Exchange will pass its comments on the documents directly to the issuer and will at the same time provide a copy of such comments to the Commission.
 
  4 The Exchange reserves the right to require an issuer to issue a further announcement or document and/or take other remedial action if the original document does not comply with the requirements of the GEM Listing Rules.
 
  5 Where an announcement or advertisement of a new or further issue of securities contains a profit forecast, the provisions of rules 19.61 and 19.62 will apply.