C TRANSMISSION removes HLB Hodgson Impey Cheng, installs Prism Hong Kong as auditor; FY2025 results delayed, trading suspended from 1 April 2026

Bulletin Express04-01

China High Speed Transmission Equipment Group Co., Ltd. (“C TRANSMISSION”) reported that shareholders approved all resolutions at the 31 March 2026 extraordinary general meeting, with 88.31% of the 1.32 billion votes cast supporting each motion. The meeting was attended in person by every director.

Resolution 1 removed HLB Hodgson Impey Cheng Limited as auditor, while Resolution 2 appointed Prism Hong Kong Limited as the new auditor until the next annual general meeting and authorised the board to determine its remuneration. The company’s issued share capital stood at 1.64 billion shares, and no shares were subject to mandatory abstention or voting restrictions.

The auditor transition has pushed back completion of the FY2025 audit. Prism Hong Kong Limited’s plan targets finishing the audit by end-May 2026. As a result, publication of the FY2025 annual results (originally due by 31 March 2026) and the annual report (originally due by 30 April 2026) will be delayed, placing the company in breach of Listing Rules 13.49(1) and 13.46(2). Management considers releasing unaudited figures inappropriate as they might misrepresent the group’s financial position.

Under Listing Rule 13.50, the Stock Exchange will suspend trading in C TRANSMISSION shares from 9:00 a.m. on 1 April 2026 until the audited FY2025 results are released, currently expected by end-May 2026. The company will issue further updates as material developments arise, and shareholders are advised to exercise caution when dealing in the shares.

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