On 30 September 2025, Kinetix Systems Holdings Limited (Stock Code: 8606) announced a disclosable transaction concerning a Tenancy Agreement. According to HKFRS 16, the leased premises will be recognized as right-of-use assets on the balance sheet. Under the GEM Listing Rules, this treatment meets the criteria for a disclosable transaction, as the aggregate value of these right-of-use assets exceeds 5% but remains below 25%.

The company acknowledged that the main terms of the lease were finalized on 16 June 2025, yet the formal signing date—30 September 2025—was taken as the actual date for announcing the transaction. An internal investigation attributed the delay to administrative and communication gaps among different departments. Management deemed this oversight to be an inadvertent breach of Rule 19.34 of the GEM Listing Rules.

Kinetix Systems has outlined several remedial steps to prevent similar issues. These measures include adopting timely disclosure practices, strengthening internal review procedures, improving cross-departmental coordination, and providing compliance training to key personnel. A more structured timetable will be enforced for managing and publicizing future lease agreements. The company reiterates its commitment to adhering to the Disclosure and Reporting requirements of the GEM Listing Rules.