Jiutai Bank delays results, AGM amid ongoing audit challenges

Jilin Jiutai Rural Commercial Bank Corporation Limited announced further delays in the publication of its 2024 annual results and annual report, as well as its 2025 interim results and interim report. This postponement is attributed to the need for additional time to collect and collate information and documents for the auditor to complete the audit procedures for the 2024 annual results. The bank stated it is providing further materials to support the audit and review work.

Consequently, the bank's 2024 annual general meeting, which should be held within six months after the end of the previous financial year, will be postponed until further notice. This delay is directly linked to the incompletion of the 2024 annual results audit. The bank's H shares remain suspended from trading on the Stock Exchange of Hong Kong Limited since 9:00 a.m. on 12 March 2025, and will continue to be suspended.

The announcement also referenced a voluntary conditional general cash offer made on 3 July 2025 by CICC, on behalf of the offeror, to acquire H shares at HK$0.70 per share and domestic shares at RMB0.63 per share, with a delisting application contingent upon the offer becoming unconditional. Despite these challenges, the group's business operations continue normally.