China Come Ride New Energy Issues Quarterly Resumption Update, Targets Near-Term Release of FY2025 Results

Bulletin Express
04/01

China Come Ride New Energy Group Limited has released a quarterly update on its trading resumption plan, outlining progress toward fulfilling the Hong Kong Stock Exchange’s (HKEX) three-point Resumption Guidance and the timeline before the 1 July 2026 delisting deadline.

Resumption Guidance and Deadline • The HKEX requires the company to (1) publish all outstanding financial results and address any audit modifications, (2) demonstrate compliance with GEM Rule 17.26, and (3) disclose all material information necessary for investor assessment. • Under GEM Rule 9.14A(1), failure to resume trading within 12 months of the 2 July 2025 suspension—i.e., by 1 July 2026—could lead to delisting.

Progress on Outstanding Financials • Audit processes remain in progress, notably expected credit loss assessments for trade receivables and other current assets, and valuation of the Group’s investment holding. • Preliminary valuation results are under review; finalisation of the ECL assessment is ongoing. • Management aims to publish the audited FY2025 results and the unaudited interim results for the six months ended 30 September 2025 “as soon as practicable” and will announce the board meeting date in due course.

Operational Update • Core business—architectural and structural engineering consultancy services in Hong Kong—continues uninterrupted during the trading suspension. • No material new business lines have commenced; FY2025/26 revenue from existing operations is expected to remain broadly in line with the previous two to three financial years.

Trading Status Trading in China Come Ride New Energy shares (suspended since 2 July 2025) will remain halted pending publication of the FY2025 audited results.

Shareholders and potential investors are advised to exercise caution when dealing in the company’s securities.

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