<p>Zhejiang Yongan Rongtong Holdings Co. Ltd. is facing an accounting issue related to non-compliance with disclosure and approval requirements under Chapter 20 of the GEM Listing Rules. The issue concerns three advance payments totaling RMB111,726,664 made to Guizhou Yongli Enterprise Management Co., Ltd. and one advance payment of RMB56,000,000 to Zhejiang Yongli Industry Group Co., Ltd. for working capital purposes. As a result, the company’s auditor, SHINEWING, has resigned, and trading of the company’s shares remains suspended pending full compliance with the GEM Listing Rules and resolution of the issues. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Zhejiang Yongan Rongtong Holdings Co. Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260115-11992104), on January 15, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT)</p>

Zhejiang Yongan Rongtong Faces Trading Suspension Over Undisclosed Advance Payments