According to Zhitong Finance App, Hengda Group Holdings (03616) issued an announcement. Since the company needed more time to provide the company's auditors with the necessary information to conduct an audit of the Group's financial data for the year ended December 31, 2023, the company was unable to announce its 2023 annual results on or before March 31, 2024. The company is working closely with the auditors to provide all necessary information and documents to complete the audit process as soon as possible. However, it is anticipated that the date for announcing the 2023 full year results will require further discussions with the auditors for implementation and will be announced in due course. The delay in publishing the 2023 annual results constitutes a violation of section 13.49 (1) of the Listing Rules.
According to section 13.50 of the listing rules, if an issuer fails to publish regular financial data as scheduled in accordance with the listing rules, the Stock Exchange will generally request that the issuer's securities be suspended until the issuer publishes the financial information required by the announcement. As a result, trading of the company's shares will be suspended on the Stock Exchange from 9:00 a.m. on April 2, 2023 (Tuesday), pending the publication of the company's 2023 annual results.