Greater China Financial Holdings Limited (Stock Code: 431) reported a quarterly update on its resumption plan and ongoing trading suspension. The announcement highlighted the status of its general trading and loan financing businesses, as well as the completion of a recent acquisition.

According to the announcement, the previously suspended liquor trading segment in the PRC remains on hold, with the company closely monitoring market trends for resumption once funding conditions improve. The loan financing business in Beijing and Ningbo has stopped, and the company intends to dispose of its Beijing loan financing subsidiaries but has encountered difficulties accessing relevant books and records. The announcement also noted that if conditions in the micro-financing industry improve, the loan financing business in Ningbo may be reconsidered.

Further, an acquisition of Fortune Yi Investment Limited was completed, giving Greater China Financial Holdings Limited an immediate foothold in an upstream tobacco-related business. The target’s performance has been described as satisfactory, and management aims to expand income streams through ongoing sales orders and new tenders with cigarette manufacturers across different provinces in the PRC.

The company also disclosed delays in publishing annual and interim results. The 2024 Annual Results are expected by the end of December 2025, while the 2025 Interim Results are targeted for publication by the end of January 2026. Trading in the company’s shares has remained suspended since 2 September 2024 and will continue until further notice. The announcement concluded with a statement that shareholders and investors should exercise caution when dealing in the company’s securities.