Chinese rare earth company (00769.HK) may delay the publication of its 2025 interim performance.

The Zhtng Financial and Economic APP News reported that China Rare Earth (00769.HK) has announced that the board of directors has decided to establish an independent investigation committee to investigate potential asset misappropriation, unauthorized transactions, and/or violations of listing rules. The company is also evaluating several financial and legal matters, including issues related to potential asset misappropriation, acquisition matters, and other potential litigation involving its subsidiaries. After careful consideration, the board of directors believes that the company should complete the assessment of the above matters (including the investigation) and assess the potential impact on the financial performance and/or condition of the group before implementing the 2025 mid-term performance. Due to the above circumstances, additional time is needed to implement the 2025 mid-term performance, so the publication of the 2025 mid-term performance may be delayed.