{
 "as_of": "2026-11-04",
 "cmr": "hk-cm-kg/HKEX-GEM/08532",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# POLYFAIR HLDGS (GEM: 08532) — research page\n\nAs of 2026-11-04 · hk-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is POLYFAIR HLDGS, listed on the GEM exchange of HK under ticker 08532. ISIN KYG715921105; LEI not on the record. Security type Corporate; segment not on the record; sector not on the record; jurisdiction not on the record. Listing status: halted.\n\n## The disclosure read\n\nThe record holds 76 filings in the twelve months to 2026-11-04, across 55 filing days. The median gap between filing days is 5.0 days. The latest filing is dated 2026-10-26, a halt_suspension, 9 days before the record date. On GEM, the median cadence gap is 10.0 days, the median filings count is 39, and the median latency is 2.0 days across 307 issuers. Sector peer figures are not on the record for HK.\n\n## Auditor\n\nThe auditor of record is Asian Alliance (HK) CPA Limited; its location is not on the record. Auditor changes are not on the record.\n\n## Events and halts\n\nLifecycle lines for listing, delisting, name change, domicile change and segment move are not on the record, as the market's lifecycle type map is not yet available. The halt flag is set: the issuer is halted.\n\n## Orderability\n\nThe outcome is not determinable because the chapter's orderability section carries no client categories. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, with chapter as-of date 2026-11-04.\n\n## Coverage\n\nNo research houses were found on the issuer's investor-relations pages read.\n\n## Open research\n\nNo openly published research notes were found on the record.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe vintage for HK is not sealed, and no issuer years are sealed for this issuer. The live record began 2026-09-12. Years 2021 through 2026 are sealed in the store but not served as of a date; the as-of door answers not_sealed.\n\n## Sources\n\n6 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx (identity.exchange)\n- https://mcp.hk-cm-kg.ai/events/HKEX-GEM/08532 (the disclosure lines)\n- https://www.hkex.com.hk/eng/stat/smstat/dayquot/gem/e_G261104.htm (the halt flag)\n- https://www1.hkexnews.hk/listedco/listconews/gem/2026/0731/2026073100370.pdf (the auditor)\n- https://mcp.hk-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://mcp.hk-cm-kg.ai/record/HKEX-GEM/08532 (the record)\n",
 "market": "HK",
 "node": "hk-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": "2026-09-12",
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "6 years are sealed in the HK store; their Replay split is not built, so the as-of door answers not_sealed and the record is the live record as of 2026-11-04",
   "record_version": 1,
   "sealed": false,
   "store_years_sealed_not_served": [
    "2021",
    "2022",
    "2023",
    "2024",
    "2025",
    "2026"
   ]
  },
  "auditor": {
   "auditor": {
    "read_by": "annual report 2026-07-31 (HKEXnews), Corporate Information, read by Tavily page extraction",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www1.hkexnews.hk/listedco/listconews/gem/2026/0731/2026073100370.pdf",
    "state": "conflict",
    "value": "Asian Alliance (HK) CPA Limited"
   },
   "auditor_firm_id": {
    "market": "HK",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "HK",
    "state": "not_on_record"
   },
   "changes": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "hk-cm-kg/HKEX-GEM/08532",
  "coverage": {
   "count": 0,
   "houses": [],
   "pages_checked": [],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": null,
   "state": "none_found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 307,
     "median_cadence_gap_days": 10,
     "median_filings": 39,
     "median_latency_days": 2,
     "name": "GEM"
    },
    "sector": {
     "market": "HK",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "agm_egm": 11,
    "announcement": 32,
    "annual_report": 2,
    "circular": 3,
    "director_change": 7,
    "halt_suspension": 3,
    "interim_report": 1,
    "monthly_return": 12,
    "results": 5
   },
   "cadence_median_gap_days": 5,
   "filing_days": 55,
   "filings": 76,
   "latency_days": 9,
   "latest": [
    {
     "category": null,
     "date": "2026-10-26",
     "source": "https://www1.hkexnews.hk/listedco/listconews/gem/2026/1026/2026102600781.pdf",
     "title": "WINDING UP BY THE COURT; APPOINTMENT OF PROVISIONAL LIQUIDATOR; AND SUSPENSION OF TRADING",
     "type": "halt_suspension"
    },
    {
     "category": null,
     "date": "2026-10-26",
     "source": "https://www1.hkexnews.hk/listedco/listconews/gem/2026/1026/2026102600171.htm",
     "title": "EXCHANGE NOTICE - SUSPENSION OF TRADING",
     "type": "halt_suspension"
    },
    {
     "category": null,
     "date": "2026-10-20",
     "source": "https://www1.hkexnews.hk/listedco/listconews/gem/2026/1020/2026102000526.pdf",
     "title": "INSIDE INFORMATION WINDING UP ORDER AGAINST A SUBSIDIARY",
     "type": "announcement"
    },
    {
     "category": null,
     "date": "2026-10-14",
     "source": "https://www1.hkexnews.hk/listedco/listconews/gem/2026/1014/2026101400735.pdf",
     "title": "INSIDE INFORMATION UPDATE ON THE WINDING-UP PETITION AGAINST A SUBSIDIARY",
     "type": "announcement"
    },
    {
     "category": null,
     "date": "2026-10-09",
     "source": "https://www1.hkexnews.hk/listedco/listconews/gem/2026/1009/2026100901195.pdf",
     "title": "CLARIFICATION ANNOUNCEMENT (1) RESIGNATION OF INDEPENDENT NON-EXECUTIVE DIRECTOR, CHAIRMAN OF AUDIT COMMITTEE AND MEMBER OF REMUNERATION COMMITTEE AND NOMINATION COMMITTEE AND (2) NON-COMPLIANCE WITH THE GEM LISTING RULES",
     "type": "director_change"
    }
   ],
   "latest_filing_date": "2026-10-26",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX-GEM/08532",
   "window": {
    "from": "2025-11-04",
    "to": "2026-11-04"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "GEM"
   },
   "isin": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "KYG715921105"
   },
   "jurisdiction": {
    "market": "HK",
    "reason": "no LEI record",
    "state": "not_on_record"
   },
   "lei": {
    "market": "HK",
    "reason": "ISIN not in the GLEIF mapping file (no name route on this node: no search layer by order)",
    "state": "not_on_record"
   },
   "name": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "POLYFAIR HLDGS"
   },
   "sector": {
    "market": "HK",
    "reason": "HKEX publishes the industry classification per issuer on its website pages, not in the List of Securities (no page reads by order)",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "market": "HK",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "HKEX List of Securities (ListOfSecurities.xlsx)",
    "read_date": "2026-11-04",
    "read_date_basis": "the record version as_of",
    "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx",
    "state": "sourced",
    "value": "08532"
   },
   "website": {
    "market": "HK",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "HK",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "HK",
  "node": "hk-cm-kg",
  "numbers_hash": "sha256:58c7d0f9074a8c06e53495b4d37b0d02323701c22d657421ca9f53ed10ba909a",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [],
   "state": "none_found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://mcp.hk-cm-kg.ai/book/aio.json",
    "door": "https://mcp.hk-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1",
   "section": "hk.aio.v6"
  },
  "record": {
   "as_of": "2026-11-04",
   "url": "https://mcp.hk-cm-kg.ai/record/HKEX-GEM/08532",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-04",
   "reason": "TRADING SUSPENDED (as at 04 NOV 2026)",
   "since": null,
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/gem/e_G261104.htm",
   "value": "halted"
  }
 },
 "numbers_hash": "sha256:58c7d0f9074a8c06e53495b4d37b0d02323701c22d657421ca9f53ed10ba909a",
 "path": "/hk/HKEX-GEM/08532",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is POLYFAIR HLDGS, listed on the GEM exchange of HK under ticker 08532. ISIN KYG715921105; LEI not on the record. Security type Corporate; segment not on the record; sector not on the record; jurisdiction not on the record. Listing status: halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 76 filings in the twelve months to 2026-11-04, across 55 filing days. The median gap between filing days is 5.0 days. The latest filing is dated 2026-10-26, a halt_suspension, 9 days before the record date. On GEM, the median cadence gap is 10.0 days, the median filings count is 39, and the median latency is 2.0 days across 307 issuers. Sector peer figures are not on the record for HK.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is Asian Alliance (HK) CPA Limited; its location is not on the record. Auditor changes are not on the record.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Lifecycle lines for listing, delisting, name change, domicile change and segment move are not on the record, as the market's lifecycle type map is not yet available. The halt flag is set: the issuer is halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is not determinable because the chapter's orderability section carries no client categories. The rule version is acm-68000/hk/suitability-sfc-code-of-conduct-paragraph-5-2/r1, with chapter as-of date 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "No research houses were found on the issuer's investor-relations pages read.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found on the record.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The vintage for HK is not sealed, and no issuer years are sealed for this issuer. The live record began 2026-09-12. Years 2021 through 2026 are sealed in the store but not served as of a date; the as-of door answers not_sealed.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "6 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.hkex.com.hk/eng/services/trading/securities/securitieslists/ListOfSecurities.xlsx"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.hk-cm-kg.ai/events/HKEX-GEM/08532"
  },
  {
   "for": "the halt flag",
   "source": "https://www.hkex.com.hk/eng/stat/smstat/dayquot/gem/e_G261104.htm"
  },
  {
   "for": "the auditor",
   "source": "https://www1.hkexnews.hk/listedco/listconews/gem/2026/0731/2026073100370.pdf"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.hk-cm-kg.ai/book/aio.json"
  },
  {
   "for": "the record",
   "source": "https://mcp.hk-cm-kg.ai/record/HKEX-GEM/08532"
  }
 ],
 "title": "POLYFAIR HLDGS (08532) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}