Longhui International Holdings Limited (“Longhui Intl”) released its quarterly update on 23 March 2026, detailing progress toward meeting the Hong Kong Stock Exchange’s (HKEX) resumption requirements and confirming the ongoing suspension of its shares since 31 March 2025.
Key developments
1. Forensic investigation • The active fieldwork and primary evidence-gathering phase is finished and findings have been submitted to regulators. • The company is addressing follow-up queries from regulators and will publish key findings after the review is finalised.
2. Internal control review • Preliminary results are under joint examination by the board-appointed Investigation Committee and consultant Acclime. • A draft report is expected to be sent to regulators shortly; further updates will follow.
3. Outstanding financial statements • Audit completion of FY-2024 results is contingent on the final forensic conclusions, delaying publication of: – FY-2024 annual results and annual report (statutory deadlines were 31 March 2025 and 30 April 2025). – FY-2025 interim results and interim report. – FY-2025 annual results, unlikely to meet the 31 March 2026 deadline. • Dates for releasing all pending reports and convening the AGM will be announced once available.
4. Resumption guidance compliance • Management continues to address all remaining conditions set by HKEX; additional disclosures will be made when progress occurs.
5. Current operations • Core business—operating Faigo and Xiao Faigo Hotpot restaurants in mainland China—continues “as usual” according to the board. • The board asserts compliance with Listing Rule 13.24 regarding sufficient operations and asset value.
6. Trading status • Trading in Longhui Intl shares (HKEX: 01007) remains suspended and will not resume until the company satisfies HKEX resumption criteria. Shareholders and potential investors are advised to exercise caution when dealing in the securities.
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