HK Stock Market Move | C TRANSMISSION (00658) falls another 20%, stock price drops over 40% this week, expected delay in publishing performance, will suspend trading next month.

C TRANSMISSION (00658) fell by another 20%, with the stock price dropping over 40% this week. As of the time of writing, it fell by 20.67%, closing at HK$1.19, with a trading volume of 13.1336 million Hong Kong dollars. On the news front, at the end of last month, C TRANSMISSION announced the proposed removal of Guowei as the company's auditor and the proposed appointment of Baichun as the new auditor. According to Baichun's audit plan, the audit work for the company's 2025 financial statements could be completed as early as the end of May. Therefore, the company may not be able to comply with the listing rules in a timely manner to publish its financial information as scheduled, and trading of its shares will be suspended from April 1st. It is worth noting that on March 24th, C TRANSMISSION announced that the board of directors received the resignation letter of Hu Yueming as an executive director and authorized representative on March 23, 2026, and his resignation took immediate effect. In addition, Ye Xingming resigned as a non-executive director, and Jiang Jianhua resigned as an independent non-executive director due to significant disagreements with current directors. Meanwhile, Li Zubin, representing the FULLSHARE Group, has been appointed as the new authorized representative of the company, and new directors recommended by FULLSHARE have taken over the supervision, remuneration, and nomination committees.