The Zhitong Finance App learned that Smart Digital Technology Group (01159) fell by more than 34%. As of press release, it had a decrease of 34.48% to HK$1.14, with a turnover of about HK$748,400.

According to the news, Wisdom Technology Group announced that it received a letter from the Stock Exchange on October 22, stating that the company failed to maintain sufficient business operations and assets of considerable value to support the operation, failed to comply with section 13.24 of the listing rules, and decided to suspend trading of the company's shares in accordance with section 6.01 (3) of the listing rules. Trading of shares will be suspended from November 3 unless the company applies for review.

According to the Stock Exchange, the company's media and cultural business has been drastically reduced. No new films have been released since 2023. The film portfolio revenue fell from HK$80.3 million in 2023 to HK$21.9 million in 2025, and continued to lose money over the past 5 years. Although the company has expanded its skits, AI concert TV programs and satellite businesses, it has failed to prove that it has viable and sustainable operating capabilities, and other new businesses have yet to generate revenue.

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