The evening of October 16, 2026, brought an official announcement that closed the book on Konka Group's thirty-four-year journey on the A-share market.
Konka Group Co.,Ltd. (ASX: 000016) disclosed that it received a decision from the Shenzhen Stock Exchange that day regarding the termination of the listing of the company's shares. Because the termination was initiated by a shareholders' meeting resolution, the stock will not enter a delisting consolidation period and will be removed from trading within five trading days.
Delisting, however, is not the end of the story. Just before the removal, securities misrepresentation claims triggered by prior accounting error corrections were still moving forward. A legal team has already received claim registrations from hundreds of investors.
Investors who bought shares between March 28, 2023 and April 28, 2026, and who sold or continued to hold them at a loss after April 29, 2026, are eligible to register claims.
Looking back at the case, on April 28, 2026, alongside its 2025 annual report, Konka released an announcement on prior-period accounting error corrections and retrospective adjustments. Following a self-review, the company found that it had failed to account for special terms in certain equity transfer projects, had underprovided patent fees in prior years, and had underprovided bad debt provisions for certain customer receivables. As a result, it corrected relevant financial statement items for 2022 through 2024 and for multiple reporting periods in 2025.
In other words, the periodic reports investors had relied on for years contained inaccuracies, which gave rise to the investor claims.
Moving the shares to the third board after delisting does not extinguish the listed company's prior liability for information disclosure violations. The responsible party for civil compensation over securities misrepresentation is Konka Group itself as a legal entity; delisting only changes where the shares trade. As long as a court determines that the relevant periodic reports contained false records or major omissions and that investors' losses were caused by them, compensation liability cannot simply be waived because of delisting.
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