Wenye Group Holdings Limited (the “Company”) (Stock Code: 01802) has released a quarterly update outlining efforts to fulfill previously announced resumption guidance and address audit disclaimers of opinion. The Company remains focused on interior and exterior building decoration and design services, emphasizing robust business recovery following the segregation of its former subsidiary Shenzhen Wenye Decoration Design Engineering Co., Ltd. (“Wenye Decoration”).
The Company reported that business operations have continued as usual in all material respects despite the ongoing trading suspension. To comply with the resumption guidance, the Company has emphasized transparent disclosure and continued announcements under Listing Rule 13.24A. These disclosures aim to keep shareholders and potential investors informed of material developments and the Company’s pathway to resume trading on The Stock Exchange of Hong Kong Limited.
In addressing the multiple uncertainties relating to going concern, the Company noted that the disposal of its indirect interest in Wenye Decoration—conducted through a members’ voluntary winding up of Sosang (HK) Holdings Limited—resulted in a significant improvement of the Group’s net liability position. The Company has been in active discussions with banks and other lenders concerning renewals, extensions, or restructuring of borrowings and outstanding legal payments. It has also pursued additional financing, recently drawing down two loans totaling RMB35.00 million, to strengthen working capital.
Management has implemented further measures to enhance operating efficiency, limit administrative expenses, and reduce capital expenditure. The Group has also accelerated receivables collection and requested advance payments for new projects, aiming to maintain stronger cash flow.
Trading in the Company’s shares has been suspended since 5 December 2025 and will remain so until all relevant resumption guidance requirements are satisfied. Shareholders and potential investors are advised to exercise caution when dealing in the Company’s securities. Further announcements will be made if there are any material developments regarding the resumption process or the audit disclaimer resolutions.