Listing Rules Amendments To Codify General Waivers And Principles Relating To IPOs And Listed Issuers

Introduction

On 28 August 2020, the Stock Exchange of Hong Kong Limited (the "Stock Exchange") published conclusions to the consultation paper on "Codification of General Waivers and Principles relating to initial public offerings (the "IPOs") and Listed Issuers and Minor Rule Amendments". Amendments will be made to both the Main Board Listing Rules and the GEM Listing Rules to, among others, codify the waivers from the Main Board Listing Rules and the GEM Listing Rules which were approved by the Securities and Futures Commission of Hong Kong (the "SFC") pursuant to Rule 2.04 of the Main Board Listing Rules or Rule 2.07 of the GEM Listing Rules (the "General Waivers") and waivers which have been granted on multiple occasions to new applicants and/or listed issuers on the basis of similar principles and conditions (the "General Principles"). The proposed amendments will take effect from 1 October 2020.