CIRTEK Holdings (01433) delays the release of its 2025 annual performance.

date
01:41 31/03/2026
avatar
GMT Eight
Changda Holdings (01433) announced that during the annual audit process of the year 2025, the Board of Directors and the Audit Committee of the company received a notification from the company's auditors, BDO Limited, expressing concerns over certain payments recorded in the overseas subsidiary companies of the group under property, plant and equipment, and other expense items. The auditors recommended that the Board of Directors conduct an internal investigation into these payments to address their concerns. The auditors also suggested that the Audit Committee engage third-party professionals and legal advisors to assist in the investigation and assess the impact of the matter.
CIRTEK HLDGS (01433) announced that during the annual audit process for the year 2025, the Board of Directors and the Audit Committee of the Company received notification from the Company's auditor, KPMG Huazhen LLP, regarding certain payments recorded by the group's overseas subsidiary under property, plant, and equipment, and other expense items. The auditor expressed concerns about these payments and recommended that the Board of Directors conduct an internal investigation to address the auditor's concerns. The auditor also recommended that the Audit Committee engage third-party professional investigators and legal advisors to assist in the investigation and evaluate the impact of the matter. As of the date of this announcement, the Company is actively cooperating with the auditor to complete the audit work and will be contacting relevant local professionals to provide further information and documents to complete the audit procedures. Due to the investigation, the preparation of relevant information and documents to respond to the auditor's requests, and the additional time needed for the auditor to complete the audit procedures, the Board of Directors is unable to determine the expected release date of the 2025 annual results as of the date of this announcement, and the 2025 annual results will not be released by March 31, 2026, or earlier. The delay in releasing the 2025 annual results will constitute a violation of Listing Rule 13.49 (1).