China Huarong Energy (01101) Announces Further Delays in 2024 Annual Results and 2025 Interim Results, Trading Remains Suspended

Bulletin Express2025-10-30

China Huarong Energy Company Limited (01101) disclosed that its 2024 Annual Results and 2025 Interim Results have been further delayed due to late commencement of auditing and other professional engagements. The primary cause is attributed to delayed payment of outstanding audit and service fees, reportedly affected by foreign exchange controls in both the PRC and Kyrgyz.

As of the date of the announcement, certain external confirmations relating to debts owed to third parties remain outstanding. The company and its auditor are pursuing alternative audit procedures to expedite finalization. Publication of the 2024 Annual Results is now expected on or before 30 November 2025, dependent on the company's ability to settle outstanding professional fees.

Because finalization of the 2024 Annual Results has been postponed, the 2025 Interim Results will also be delayed. The company indicated it will complete the 2025 Interim Results as soon as practicable after releasing the 2024 Annual Results.

Trading in the company's shares has been suspended since 9:00 a.m. on 1 April 2025 and remains on hold. Further announcements will be made in accordance with the Listing Rules to update shareholders and investors on resumption progress.

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