ICONCULTURE (08500): Further delay in publishing the full year performance of 2025, continue the suspension.
Tianhong Cultural & Creative (08500) announced that, based on the information currently available to the company, both 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 three months after the end of the financial year. Due to the aforementioned circumstances, the company will not be able to publish the full year performance by the required date of March 31, 2026. The delay in publishing the full year performance constitutes a violation of Rule 18.49 of the GEM Listing Rules.
ICONCULTURE (08500) announces that, based on the information currently available to the company, additional time is needed for the company and its auditors 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 annual performance within three months after the end of the financial year. Due to the circumstances mentioned above, the company is unable to publish the full-year performance by the required date of March 31, 2026, which constitutes a breach of Rule 18.49 of the GEM Listing Rules.
The auditors have requested additional information and/or audit procedures to complete the audit work for the full-year performance, including obtaining further details on (i) prepaid items; (ii) investment items; and (iii) nature of costs. The company is closely collaborating with the auditors to provide all necessary information and documentation to expedite the audit process. The collection of information and completion of the annual performance audit procedures will take more time, primarily due to recent personnel changes resulting from the departure of the former CEO and CFO.
The company expects to publish the annual performance by June 30, 2026, or earlier.
Furthermore, the trading of the company's shares remains suspended.
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