China Tontine Wines Group Limited (389) reported that it has satisfied all resumption guidance requirements and expects its shares to resume trading on 27 February 2026. The company’s trading had been suspended since 2 September 2024, following delays in publishing interim results and the discovery of unauthorized equity transfers in certain subsidiaries.

According to published figures, the group recorded revenue of RMB107.99 million in FY2024 and RMB59.70 million for the six months ended 30 June 2025. As of 31 December 2024, the group reported net assets of RMB157.30 million, with bank and cash balances of RMB0.76 million at the holding level. Management addressed short-term liquidity needs by arranging RMB2.70 million in loans from independent lenders and recovering RMB42.00 million from trade receivables. By 30 June 2025, bank and cash balances had increased to RMB38.10 million, while net assets stood at RMB157.80 million.

The core operations are centered on a majority-owned wine production subsidiary in Yantai, employing a blend of Original Brand Manufacturing, Original Design Manufacturing, and brand ownership models. Product categories include wines, spirits, and liqueurs aimed at a wide customer base. The group has replaced former uncooperative directors, strengthened internal controls, and completed an independent internal control review.

With the finalization of board restructuring, full compliance with Listing Rule requirements, and no noted regulatory concerns over the current management’s integrity and competence, the company has applied to the Stock Exchange for trading resumption. Shares of China Tontine Wines (389) are set to resume trading at 9:00 a.m. on 27 February 2026.