ICONCULTURE(08500): Further delay in the publication of the 2025 annual performance.
Tianhong Cultural Creativity (08500) issued an announcement that, based on the information currently available to the company, the company and its auditors need additional time to collect information and complete the audit procedures for the full-year performance ending on December 31, 2025. According to Rule 18.49 of the GEM Listing Rules, the company must publish its full-year performance within 3 months after the end of the financial year. Due to the aforementioned circumstances, the company is unable to comply with the requirement of publishing the full-year performance by March 31, 2026, and publishing the full-year performance based on the March 31 announcement by April 30, 2026. The delay in publishing the full-year performance constitutes a violation of Rule 18.49 of the GEM Listing Rules.
ICONCULTURE (08500) announced that, based on the information currently available to the company, additional time is needed for the company and its auditors to gather information and complete the audit procedures for the full year performance ending December 31, 2025. According to Rule 18.49 of the GEM Listing Rules, the company must publish its full year performance within 3 months after the end of the financial year. Due to the circumstances mentioned above, the company will not be able to publish the full year performance by March 31, 2026 as required by the GEM Listing Rules, and the full year performance will be published by April 30, 2026 based on the announcement made on March 31, 2026. The delay in publishing the full year performance constitutes a breach of Rule 18.49 of the GEM Listing Rules.
The main missing information and/or audit procedures requested by the auditors to complete the audit work for the full year performance include obtaining further information on (i) prepayments; (ii) investment funds; and (iii) nature of costs. The company is closely cooperating with the auditors, providing all necessary information and documents to complete the audit procedures as soon as possible. The collection of information and completion of the annual performance audit procedures require more time, primarily due to recent changes in personnel resulting from the departure of the former CEO and CFO.
Additionally, the company expects to announce the annual performance by May 29, 2026 or before.
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