HONG KONG ECONOMY TODAY NEWS (September 2) — Wei Jun Biotechnology (00660) announced that due to the company and its auditor requiring additional time to complete the audit work, it is unable to publish the annual results for the year ended June 30 by September 30. The company's shares are expected to be suspended from trading starting at 9 a.m. today.
The company is closely cooperating with the auditor, providing required information and documents to complete the audit process as soon as possible. However, the expected publication date for the full-year results still needs further discussion and confirmation. The board confirms that the company continues to operate normally and its business operations are unaffected.
The board believes it is inappropriate at this stage to publish unaudited management accounts, as such accounts may not accurately reflect the group's financial performance or position and could mislead investors and shareholders.
Due to the delayed publication of the full-year results, the annual report, originally required to be dispatched by October 31, may also be delayed. If the delay is confirmed, it will constitute a breach of Rule 13.46(2) of the Listing Rules. The company will make a separate announcement regarding the expected dispatch date and related progress. (eh)
The company is closely cooperating with the auditor, providing required information and documents to complete the audit process as soon as possible. However, the expected publication date for the full-year results still needs further discussion and confirmation. The board confirms that the company continues to operate normally and its business operations are unaffected.
The board believes it is inappropriate at this stage to publish unaudited management accounts, as such accounts may not accurately reflect the group's financial performance or position and could mislead investors and shareholders.
Due to the delayed publication of the full-year results, the annual report, originally required to be dispatched by October 31, may also be delayed. If the delay is confirmed, it will constitute a breach of Rule 13.46(2) of the Listing Rules. The company will make a separate announcement regarding the expected dispatch date and related progress. (eh)