24.05

The following requirements apply in addition to those set out in Chapter 11:—
 
(1)    the Exchange reserves the right, in its absolute discretion, to refuse a listing of securities of an overseas issuer if it believes that it is not in the public interest to list them;—
 
  (a)    [Repealed 1 January 2022]
 
  (b) [Repealed 1 January 2022]
 
(2) the overseas issuer must appoint, and maintain throughout the period the overseas issuer's securities are listed on GEM the appointment of, a person authorised to accept service of process and notices on its behalf in Hong Kong, and must notify the Exchange of his appointment and any termination of his appointment and details of:—
 
  (a) his address for service of process and notices;
 
  (b) if different, his place of business or, if he does not maintain a place of business, his residential address;
 
  (c) his business, residential and mobile telephone numbers;
 
  (d) his facsimile number and electronic mail address, if any; and
 
  (e) any change in the above particulars;
 
  Note: The person appointed under this rule may also be the person authorised to accept service required to be appointed under Part 16 of the Companies Ordinance, if applicable.
 
(3) provision must be made for a register of holders to be maintained in Hong Kong, or such other place as the Exchange may agree, and for transfers to be registered locally. The Exchange may, however, consider an alternative proposal for registering transfers for Hong Kong holders in exceptional circumstances;
 
(4) unless the Exchange otherwise agrees only securities registered on the Hong Kong register may be traded on GEM;
 
(5) where two or more share registers are maintained it will not be necessary for the Hong Kong register to contain particulars of the shares registered on any other register;
 
(6) where an overseas issuer wishes to obtain its listing on GEM by way of an introduction in the circumstances set out in rule 10.18(3):—
 
  (a) it must,
 
    (i)    [Repealed 1 January 2022]
 
    (ii) if requested to do so by the Exchange, appoint an independent financial adviser acceptable to the Exchange to confirm that the proposals are in the interests of the holders of the securities of the existing listed company or companies.
 
  (b) [Repealed 1 January 2022]
 
  (c) [Repealed 1 January 2022]