Sino Oil & Gas Holdings Limited (in liquidation) released its latest quarterly update on 8 July 2026, confirming that its resumption roadmap remains constrained by incomplete financial statements and ongoing restructuring negotiations.

The joint and several liquidators, So Kit Yee Anita and Leung Fredric Hin Hang, reported that the Group’s outstanding accounts are still unavailable. Completion of audits will only proceed if a formal restructuring commitment is secured with potential investors. Discussions with multiple parties are in progress.

Operationally, the company today functions primarily as an investment holding entity. Key subsidiaries—engaged in coalbed methane exploration and production, raw-coal washing and sales, crude-oil and natural-gas exploitation, and financial services in mainland China—are indirectly held through shareholdings currently under receivership. The liquidators are coordinating with the receiver to clarify the status of these operating units and will provide further disclosures when appropriate.

Trading in Sino Oil & Gas shares has been suspended since 31 March 2025 (10:50 a.m.) and will remain halted until the Hong Kong Stock Exchange’s resumption conditions are met. Future announcements will update the market on audit progress, restructuring milestones and trading status.

Immediately prior to the winding-up order, the board comprised Executive Directors Dai Xiao Bing and Wan Tze Fan Terence; Non-executive Directors Huang Shao Wu and Wong Kai Ling; and Independent Non-executive Directors Dang Wei Hua, Wan Man Wah and Wang Yan Bin. The liquidators continue to manage the company’s affairs, business and property solely as agents of the company and without personal liability.

Shareholders and potential investors are urged to exercise caution when dealing in the securities of Sino Oil & Gas.