PRIME INTEL (08379) delays the publication of its annual performance and may suspend trading from the morning of July 2nd.
Ying Zhi International (08379) announced that, based on the information available to the company, both the company and its auditors will need additional time to collect information and complete the audit procedures for the full-year performance ending on March 31, 2026. 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 its financial year (i.e. by June 30, 2026).
PRIME INTEL (08379) announces that based on the information currently available to the Company, the Company and its auditors require additional time to collect information and complete the audit procedures for the full year performance ending on March 31, 2026. In accordance with Rule 18.49 of the GEM Listing Rules, the Company must publish its full year performance within three months after the end of its financial year (by June 30, 2026, or earlier).
As of the date of this announcement, there are still some audit evidence yet to be collected, insufficient to support the auditor's opinion, including the receipt of audit confirmations and the review of the company's expected credit impairment model. Considering this situation, the Board believes that the Company will not be able to publish its full year performance by June 30, 2026, as required by Rule 18.49 of the GEM Listing Rules. The delay in publishing the full year performance constitutes a violation of Rule 18.49.
The Company is actively coordinating with relevant parties to expedite the collection and auditing of the remaining audit data. Once all audit procedures are completed, the full year performance announcement will be published as soon as possible. The Company anticipates publishing the full year performance announcement on July 13, 2026.
In accordance with Rule 18.03 of the GEM Listing Rules, the Company must mail its annual report to shareholders within four months after the end of the financial year (by July 31, 2026). Due to the delay in publishing the full year performance, there may be a delay in mailing the annual report. A possible delay in mailing the annual report (if any) will constitute a violation of Rule 18.03 of the GEM Listing Rules. The expected date for mailing the annual report will be announced in due course.
According to Rule 17.49A of the GEM Listing Rules, if an issuer fails to publish periodic financial information in accordance with the GEM Listing Rules, the Stock Exchange usually requires the issuer to suspend trading of its securities. The suspension of trading usually remains in effect until the issuer publishes the required financial information announcement. Therefore, it is currently expected that trading of the Company's shares will be suspended on the morning of July 2, 2026. The Company also expects to apply for resumption of trading on July 13, 2026.
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