China Energine delays results, trading suspension continues amid audit issues

China Energine International (Holdings) Limited announced delays in publishing its 2023 annual results, 2024 interim results, 2024 annual results, and 2025 interim results due to an incomplete audit for 2023. The company has not secured approval for an extension of its debt grace period from its controlling shareholder and is still gathering necessary information to justify its going concern basis to the auditor. Outstanding results announcements will be published as soon as possible, with further updates promised on material developments.

Despite the ongoing trading suspension, the Group continues its business operations, actively pursuing commercial opportunities and seeking partnerships to achieve its financial objectives. The company affirmed that, apart from the audit and debt grace period issues, there are no material updates on its resumption plan as of the announcement date.

Trading in the company's shares on The Stock Exchange of Hong Kong has been suspended since 9:00 a.m. on Tuesday, 2 April 2024, and will remain suspended until further notice. Shareholders and potential investors are advised to exercise caution when dealing in the company's securities.