China Huarong Energy Company Limited has provided a quarterly update on its resumption progress and continued suspension of trading. The company, principally engaged in energy exploration, production, and oil storage, reported delays in publishing its 2024 Annual Results due to outstanding professional fees, particularly audit fees. The company stated that funds to pay these fees are being procured from its subsidiaries in mainland China, but the process is subject to strict foreign exchange controls, further complicating the timeline. Based on the current progress, China Huarong Energy expects to publish its 2024 Annual Results on or before 31 October 2025, contingent upon their ability to settle the outstanding fees. The company has indicated it will provide further announcements to update shareholders on the audit progress and the expected date for the annual report publication. Trading of the company's shares remains suspended. No specific financial results or year-on-year variations were disclosed in the announcement.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Huarong Energy Company Limited published the original content used to generate this news brief on September 26, 2025, and is solely responsible for the information contained therein.
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