(1) Suitability for listing depends on many factors, including:

(a) the issuer’s ability to satisfy the specific numerical standards and qualitative factors set out in this Manual, and particularly in respect of the issuer’s directors, management, and controlling shareholders;

(b) the issuer’s financial position; and

(c) the disclosures provided in the prospectus, offering memorandum or introductory document. 

(2) Issuers making listing applications should appreciate that compliance with the Exchange's listing rules may not in itself ensure an issuer's suitability for listing. The Exchange retains the discretion to accept or reject applications and in reaching its decision will have regard to the general principles outlined in Rule 103.

(3) The Exchange reserves the right to subject a listed issuer's change in principal business to the Exchange's approval if in the Exchange's opinion:

(a) the integrity of the market may be adversely affected; or

(b) it is in the interests of the public to do so.

Amended on 29 October 2025.