The Hong Kong Stock Exchange updates (i) Guidance Letter (GL27-12) on Simplification Series – Disclosure in listing documents for IPO cases – the “Summary and Highlights” section; (ii) Guidance Letter (GL41-12) on disclosure requirements for IPO cases – Disclosure of material changes in financial, operational and/or trading position after trading record period and (iii) Frequently Asked Question Series 23 – disclosure of a new applicant’s unaudited net profits/losses after its track record period in a listing document