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- This document sets out the policy of Taihua plc (the ¡°Company¡±) on compliance with the AIM Rules for Companies (as amended from time to time) (¡°AIM Rules¡±) issued by the London Stock Exchange plc (¡°LSE¡±).?? The policy applies whilst the Company is quoted on AIM.
- The Directors are responsible for ensuring compliance by the Company with its obligations under the AIM Rules, which state at Rule 31: ¡°An AIM Company must ensure that each of the Directors accept full responsibility, collectively and individually, for its compliance with the AIM Rules¡±.? Sections 3 to 8 of this compliance policy summarise the principal obligations to be observed by the Company.? These obligations are contained in the AIM Rules.? References to the Rules, or any particular Rule in these sections are references to the AIM Rules or the specific rule of the AIM Rules.
- In particular, compliance with the obligations relating to disclosure is regarded by the LSE as essential to the maintenance of an orderly market in securities and ensures that all users of the market have simultaneous access to the same information.?
- Failure by the Company to comply with the AIM Rules may result in the LSE taking one or more courses of action.? These include issuing a warning notice, fining or censuring the Company and suspending trading in or cancelling the admission of the Company¡¯s securities.? In each case it is open to the LSE to publish the fact of the measures taken against the Company.
- The LSE may from time to time amend the AIM Rules and the Company will be expected to comply with any such amendments.
- In addition to the AIM Rules the Company and its Directors should be aware of the AIM Rules for Nominated Advisors (the ¡°Nomad Rules¡±), setting out the responsibilities and obligations of the Company¡¯s Nomad, and the AIM Disciplinary Procedures and Appeals Handbook, each of which are appended hereto.
- The Company will comply at all times with the AIM Rules, will maintain in place sufficient procedures, resources and controls to ensure compliance, and will seek advice from its Nominated Adviser (¡°Nomad¡±) in this regard, and where appropriate act upon such advice.
- The Board will seek advice and guidance without delay from its Nomad at all times in relation to any announcement that the Company may be required to make under the AIM Rules.
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