Zhitong Finance App News, Jianye New Life (09983) issued an announcement. The company is still collecting necessary information and documents (information not yet provided) in accordance with the requirements of the company's auditors to complete the audit process. The information not provided mainly includes anticipated credit loss assessments relating to payments due from Jianye Real Estate Limited (00832) (Jianye Real Estate) and related entities and the latest financial statements and related financial information from Jianye Real Estate to assess the financial impact on the company's financial statements. Since Jianye Real Estate has not published its audited financial statements, and according to section 13.49 of the listing rules, the deadline (i.e. March 31, 2024) has not yet expired, the company failed to provide its auditors with such unprovided information.
The company's auditors have not completed their audits and are therefore unable to comment on their audit opinions.
After considering all of the above factors, the Board concluded that the unprovided information did not reveal any fraud or irregularities, and that there were no audit issues other than those disclosed above that delayed publication of the full year 2023 results.
According to the information currently available to the company, and assuming that Jianye Real Estate publishes its audited financial statements before March 31, 2024, the company currently expects the full year results of 2023 and the 2023 annual report to be published before the end of April 2024.
According to section 13.50 of the listing rules, if an issuer fails to publish regular financial information in accordance with the listing rules, the Stock Exchange will usually request a suspension of trading in the issuer's securities, and the suspension will usually continue to take effect until the issuer publishes an announcement containing the required financial information.
As a result, stock trading will be suspended from 9:00 a.m. on April 2, 2024, pending publication of the full year results for 2023.