Shanghai XNG Holdings Limited announced that it may not be able to publish its audited results for the year ended 31 December 2025 by the 31 March 2026 deadline stipulated under Listing Rule 13.49(1).

The delay stems from a temporary shortage of manpower and resources in the finance and accounting department, which is impeding the completion of books and records, the collection of audit evidence and the preparation of consolidated financial statements. Additional time is therefore required for the Group to work with its auditor to finalise the FY2025 results.

Citing concerns over accuracy, the Board determined it is inappropriate to release unaudited management accounts, as permitted under Listing Rule 13.49(3), because they might mislead shareholders and potential investors.

Knock-on effects include a likely delay in dispatching the FY2025 annual report, leading to potential non-compliance with Listing Rule 13.46(2). The Board meeting to review and approve the FY2025 results has been postponed to a date yet to be announced.

Under Listing Rule 13.50, the Hong Kong Stock Exchange is expected to suspend trading in Shanghai XNG shares from 9:00 a.m. on 1 April 2026, and trading will remain halted until the audited FY2025 results are published. Shareholders and investors are advised to exercise caution when dealing in the Company’s shares.