LEADING HLDGS (Leading Holdings Group Limited) released a quarterly update confirming that trading in its shares has remained suspended since 1 September 2025 and will continue until all resumption conditions laid down by the Hong Kong Stock Exchange (HKEX) are met.
Resumption Guidance Status • HKEX requires the company to: 1) publish all outstanding financial results and address audit modifications; 2) demonstrate compliance with Listing Rule 13.24 (sufficient operations and assets); 3) re-comply with multiple corporate-governance rules covering board composition, company secretary and authorized representative; 4) disclose all material information for investors. • As of 24 April 2026 no auditor has been appointed, no timetable for releasing the 2025 interim and annual results has been set, and the company remains in breach of Listing Rules 13.49(1) and 13.46(2) for delaying the 2025 Annual Results and Annual Report. • The board reports “no significant progress” in formulating a viable plan to fill director, company-secretary and other governance vacancies.
Operational Update • Core business: property development and investment in mainland China. • 2025 contracted sales totaled RMB2.52 billion (unaudited). • From 1 January 2026 to announcement date, contracted sales reached RMB975.00 million (unaudited). • Management is maintaining dialogue with contractors, suppliers and financial institutions to sustain project delivery and daily operations.
Liquidity & Disclaimer of Opinion Measures To resolve the auditor’s prior going-concern disclaimer, the group is pursuing eight initiatives, with limited progress reported for the quarter ended 31 March 2026: 1) Renewal or extension of existing bank and other borrowings – none agreed. 2) Negotiations for new credit lines or lower interest rates – no developments. 3) Alternative financing – none obtained. 4) Acceleration of property sales – RMB975.00 million in new contracted sales year-to-date. 5) Faster collection of receivables and tighter cost controls – ongoing. 6) Potential asset disposals – opportunities under review. 7) Settlement of outstanding litigations – discussions ongoing. 8) Offshore note restructuring – constructive engagement with certain noteholders, but no material breakthrough.
Outlook Trading will remain suspended until the company: • releases all overdue financial statements, • rectifies governance deficiencies, and • satisfies HKEX on operational viability and disclosure standards.
Shareholders and prospective investors are advised to exercise caution when dealing in the company’s securities.