Details of Continued Suspension from Quotation

Beston Global Food Company Limited (ASX:BFC) has announced the continuation of the suspension from quotation of its securities. The suspension, which was initiated on 3 July 2024 at the company's request, was due to the pending release of an announcement regarding funding arrangements. Despite the announcement on 30 August 2024, BFC is unable to lodge its Preliminary Final Report, resulting in the ongoing suspension of its securities by ASX under Listing Rule 17.5. The suspension will persist until BFC lodges its Preliminary Final Report and it is deemed appropriate for the reinstatement of BFC's securities to quotation.

Executive Commentary on the Continued Suspension

The company regrets the inconvenience caused by the continued suspension from quotation. We are actively working towards resolving the outstanding matters and are committed to providing the necessary reports in a timely manner. We understand the importance of transparency and compliance with ASX regulations, and we assure our stakeholders that we are dedicated to addressing the situation effectively.

Summary of Continued Suspension and Outlook

Beston Global Food Company's announcement regarding the continuation of the suspension from quotation reflects the company's current inability to lodge its Preliminary Final Report. The company acknowledges the impact of this situation and emphasizes its commitment to resolving the outstanding matters promptly. Looking ahead, BFC aims to address the funding arrangements and regulatory requirements efficiently to facilitate the reinstatement of its securities to quotation. The company remains focused on upholding transparency and fulfilling its obligations to stakeholders while working towards a favorable resolution.