China Rareearth (00769) May Delay Publication of 2025 Interim Results

Stock News

Aug 25

China Rareearth (00769) announced that its board of directors has resolved to establish an independent investigation committee to conduct investigations aimed at identifying any potential asset misappropriation, unauthorized transactions, and/or non-compliance with listing rules. The company is also evaluating certain financial and legal matters, including issues related to potential asset misappropriation by group subsidiaries, acquisition matters, and other potential litigation.

After careful and thorough consideration, the board believes that the company should complete its evaluation of the aforementioned matters (including the investigation) and assess their potential impact (if any) on the group's financial performance and/or condition before finalizing the 2025 interim results. Given the above circumstances, additional time is required to finalize the 2025 interim results, and therefore, the publication of the 2025 interim results may be delayed.

Under listing rule 13.48(1), the company must publish its interim report no later than three months after the end of the six-month period. Due to the possible delay in publishing the 2025 interim results, the publication of the group's interim report (2025 interim report) may also be delayed.

The company will issue further announcements at appropriate times to inform shareholders and potential investors regarding the publication of the 2025 interim report. Additionally, trading suspension continues.

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