Jun. 23 at 1:35 PM
$ABVEF The Panel Hearing Deadline (30 to 45 Days)
Once an appeal is filed under Rule 5820(a), a hearing is typically scheduled to take place within 30 to 45 days.
The Hard Obligation: During this upcoming hearing, management cannot simply ask for generic more time. They are strictly required to present a comprehensive, detailed compliance plan that specifies the exact date by which they will file the Form 20-F.
The 180-Day Rule: To be legally accepted by the Panel, this proposed filing date must fall strictly within 180 calendar days from the original Staff Delisting Determination notice date.
The Reality: This plan must be definitively backed by a formal letter from their independent auditors confirming the timeline. If the company fails to provide an exact, targeted filing date within that 180-day boundary during the hearing, the Panel will immediately reject the compliance plan and permanently terminate the appeal.