Huijing Holdings (9968) Issues Quarterly Update on Disclaimer of Opinion Resolution

Bulletin Express10-21

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited have stated that they take no responsibility for the contents of Huijing Holdings (9968)’s announcement dated 21 October 2025. According to the announcement, Huijing Holdings is addressing the disclaimer of opinion in its 2024 Annual Report by actively engaging creditors for a viable restructuring plan and exploring potential extensions and refinancing. The company is also seeking partnerships or divestment opportunities for specific projects and subsidiaries. No definitive agreements have been reached with creditors or potential buyers.

In parallel, Huijing Holdings reports ongoing efforts to diversify sales strategies for properties, including completed and under-development projects. Despite the slower-than-anticipated progress due to the continued downturn in the PRC real estate market, rental income from its commercial properties and industrial plants continues to maintain basic operations. Efforts to control operating costs include a phased consolidation of functional positions, which has already resulted in reduced staffing from 153 to 116 and an approximately 80% decrease in external agency fees.

The company will issue further updates on the disclaimer of opinion in accordance with the relevant regulatory requirements.

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