| ShineWing (Hong Kong) | | 15-Jan-26 | | (i) the Company has not been able to provide the relevant information required in respect of the outstanding matters , (ii) the uncertainty as to the additional time costs that would be incurred in completing the Company’s audit; and (iii) the allocation and availability of SHINEWING’s internal resources
The key outstanding information includes (a) the signed forensic investigation report prepared by the Forensic Investigator; and (b) the signed report from the investigating counsel, regarding the interviews conducted including with director-level and senior management personnel of the controlling shareholder and the Company, in connection with the Company’s three advance payments totaling RMB111,726,664 made to Guizhou Yongli Enterprise Management Co., Ltd.. and one advance payment of RMB56,000,000 made to Zhejiang Yongli Industry Group Co., Ltd. for working capital purposes, which involved non-compliance with the disclosure and approval requirements under Chapter 20 of the GEM Listing Rules. |
