Superactive Group Company Limited (SUPERACTIVE GP) released its quarterly update on 31 March 2026, detailing progress toward resuming trading on the Hong Kong Stock Exchange and outlining recent operational developments following the suspension of its shares since 1 April 2025.
Business realignment • Money-lending operations in Hong Kong ceased in late January 2026 after the group withdrew its licence-renewal application, citing inability to furnish the 2024 audited financial report. The segment contributed roughly 5 % of 2024 revenue and was loss-making. • Electronics manufacturing remains the core activity. Provisional management data show segment revenue of HK$58.00 million for 2024 (+11 % YoY) and HK$63.00 million for 2025 (+8 % YoY). • The Lijiang property project, relaunched in October 2024, has yet to record any shop sales. Rental and management income slipped to HK$7.00 million in 2024 (-1 % YoY) and HK$6.00 million in 2025 (-10 % YoY).
Financial position • Interest-bearing borrowings stood at HK$487.00 million as of 31 December 2024, with HK$479.00 million due within one year; year-end 2025 borrowings were HK$485.00 million, of which HK$482.00 million mature within a year. • Cash and bank balances were HK$3.60 million at end-2024 and HK$4.24 million at end-2025; over 90 % is held in Mainland China to fund operations there. • The company owes approximately HK$1.19 million in outstanding professional and audit fees, hindering completion of its 2024 annual results. Management is seeking a short-term loan to settle these liabilities, targeting publication of the 2024 Annual Results by end-June 2026, contingent on securing funding by end-April.
Governance and compliance gaps • Following recent resignations, the board is reduced to one executive director and one independent non-executive director, leaving it non-compliant with HKEX Listing Rules on board composition, gender diversity and accounting expertise. • One authorised representative under Rule 3.05 has also resigned; recruitment efforts for directors and an authorised representative are ongoing.
Resumption roadmap The company intends to apply for trading resumption after: 1. Publication of the delayed 2024 Annual Results, 2024 Annual Report and 2025 Interim Results/Report. 2. Appointment of additional directors—including at least one female and one INED with accounting credentials—and an authorised representative to meet Listing Rule requirements.
Trading status SUPERACTIVE GP shares will remain suspended until the Hong Kong Stock Exchange is satisfied that all resumption guidance has been fulfilled. The board advises shareholders and potential investors to exercise caution when dealing in the company’s securities.
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