On 6 August 2024, Julia Charlton presented a webinar on Listing SPACS on the Hong Kong Stock Exchange. This webinar covers the following topics:

• Overview and Introduction – What is a SPAC and what is a SPAC Promoter? – The SPAC regime – What is a De-SPAC Target? – What is a DE-SPAC Transaction and how does this relate to a Successor Company? – Pre-De-SPAC Transaction proposal – DE-SPAC Transaction proposal – Liquidation and de-listing of a SPAC if the De-SPAC Transaction timeframes are not met

• Listing Requirements of a SPAC – The key SPAC listing requirements under Chapter 18B – Which Listing Rules do not apply to SPACs? – Who is a “core connected person”? – Fundraising, escrow and trustee requirements – Typical timeline for a SPAC listing, filing and listing documents requirements

• What is a SPAC Promoter – Who is a SPAC Promoter? – What are the requirements for a SPAC Promoter?

• Application of the Takeovers Code, Liquidation and De-listing – Application of the Code prior to the De-SPAC Transaction and application to the De-SPAC Transaction – De-listing and liquidation condition (i.e. when a SPAC must de-list and liquidate)

#HongKongStockExchange #SPACListingRegime #JuliaCharlton

Timecodes: 00:00 Julia Charlton's welcome speech 01:49 Historical Context and Global SPAC Surge 03:28 Hong Kong's SPAC Consultation Process 05:19 Key Elements of the SPAC Promoter Role 06:55 Listing Rules and Exceptions for SPACs 08:48 Financial Management and IPO Requirements 10:39 Investor Safeguards and Public Market Protection 12:28 SPAC Promoter Requirements and Disclosure 15:48 Material Changes in SPAC Promoters 17:15 Board Requirements and Governance 23:59 Promoter Shares and Warrants 32:20 De-SPAC Transactions and Listing 37:39 Shareholder Rights and Redemption Options 43:54 Financial Arrangements and Working Capital 45:17 Comparison with Singapore and Mainland China Regulations 48:23 Application of the Takeovers Code 50:00 Suspension and Delisting Procedures 52:12 Conclusion and Q&A

Charltons Law Firm: https://www.charltonslaw.com/

Julia Charlton https://www.charltonslaw.com/the-firm/people-culture/team-profile/julia-charlton/

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