The Directors Jian ePayment Systems Limited submitted that as the Listing Application submitted to the Stock Exchange lapsed on 29 November 2019 and the Company is preparing for the resubmission of the listing application. As at the date of this announcement, the Group is preparing the reply to address the comments from the Stock Exchange and the Executive in connection with the new listing application and the Circular, which may include further amendments on the terms of the Agreements and further revision on the proposed deal structure contemplated under the Resumption Proposal, after discussion with the First Vendor and the Second Vendor, the Group and the Vendors have agreed to extend the Long Stop Date of the Agreements from 31 December 2019 to 30 June 2020. Save for the aforesaid, all other terms and conditions of the Agreements shall remain unchanged and continue in full force and effect. Also as disclosed in the announcement dated 31 October 2019, the Company expected the Circular will be dispatched on or before 31 December 2019. As additional time is required to finalise the information to be included in the Circular including the updated financial information of the Target Group for the year ended 31 December 2019; and (ii) address comments from the Stock Exchange and the Executive in connection with the new listing application and the Circular, which may include further amendments on the terms of the Agreements and further revision on the proposed deal structure contemplated under the Resumption Proposal, the Company has applied to the Executive and the Executive has indicated that it is minded to grant a further extension of time for the despatch of Circular from 31 December 2019 to a date falling on or before 30 June 2020.