Dayang Group (01991.HK) results delayed: due to audit procedures, not operational issues; liquidation crisis has been resolved
$TA YANG GROUP(01991.HK) suspended trading on April 1, pending the announcement of its audited full-year results for 2025. To protect the rights and interests of all shareholders and investors, and to ensure the authenticity and accuracy of financial information, the company issued an announcement to solemnly clarify that this delay in results is solely due to short-term audit process requirements and is unrelated to its operational fundamentals. The previously market-concerning winding-up petition crisis has been fully resolved, and the company's overall operations remain stable.
It is reported that according to the relevant regulations of the Stock Exchange's "Listing Rules," the company should have announced its audited full-year results before March 31, 2026. This delay is because the auditor needs to perform additional audit procedures regarding two recent events. The company received a winding-up petition on March 19, 2026, and signed a loan financing agreement on March 27. The auditor needs to confirm the current status and progress of the winding-up petition with legal advisors and conduct due diligence on the lenders of the new loan financing. These procedures are all compliance operations to ensure the rigor of information disclosure and do not indicate problems with the company's operations.
In response to the previous winding-up petition, the company quickly initiated emergency measures and successfully signed a loan financing agreement with relevant financial institutions on March 27, obtaining special funds specifically for repaying related debts and covering the costs associated with withdrawing the winding-up petition. The winding-up crisis has now been completely resolved, with no ongoing debt risks or winding-up concerns. This move also demonstrates the capital market's recognition of the company's long-term value.
According to the company's announcement, after communication and confirmation with the auditor, the company expects to complete all audit procedures and announce its audited full-year results for 2025 on or before April 30, 2026, and dispatch the annual report on or before May 15. Trading in the company's shares will resume immediately after the results are announced.
The company's board of directors emphasized that this trading suspension and results delay are a one-time, short-term compliance adjustment. Core business operations continued normally during this period, and the team remained stable and unaffected. Short-term disruptions will not shake the foundation of the company's long-term, stable operations. The company will continue to adhere to its information disclosure obligations and issue progress announcements in a timely manner. Shareholders and investors are advised to view this rationally and avoid excessive interpretation or concern. The company will advance all work responsibly, maintain market confidence, and create sustained value for shareholders.
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