Xiwang Property issues quarterly resumption update; financial reports and governance reviews remain pending

Bulletin Express
03/31

Xiwang Property Holdings Company Limited on 31 March 2026 released its latest quarterly update on the status of trading resumption, confirming that its shares (suspended since 31 March 2025) will remain halted until all resumption conditions set by The Stock Exchange of Hong Kong are met.

Financial reporting timeline • The 2024 annual results, 2024 annual report, 2025 interim results and 2025 annual results have not yet been finalised. • Management is still gathering information, consulting legal advisers and auditors, and assessing the impact of ongoing litigation. • No timetable can currently be provided for publication of the outstanding financial statements.

Independent reviews • Forensic investigation: the company is in discussions with third-party providers but has not yet appointed an investigator. • Internal control review: negotiations with external parties are under way; no firm has been engaged to date.

Corporate governance • The post of company secretary remains vacant, constituting a breach of Listing Rule 3.28. The board continues to search for a suitable candidate.

Operations The group’s property development, property management and construction-materials trading businesses in China are reportedly operating “as usual in all material respects.”

Trading status Shares will stay suspended until all resumption guidance is satisfied, the underlying issues are remedied and full compliance with the Listing Rules is achieved. Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.

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