Summary by Moomoo AI
LONGHUI INTL announced that due to the auditor receiving a letter containing allegations regarding certain directors, the company's controlling shareholders, and the group's operational and internal control matters, the company will delay the publication of its full-year results for the year ending December 31, 2024. The Board of Directors has established an investigation committee composed of three independent non-executive directors to investigate and report on the relevant allegations.Since these allegations may have a significant impact on the full-year results for 2024, after discussions with the auditor, the company decided to publish the results only after the investigation is completed. The Board of Directors believes it is inappropriate to publish unaudited management accounts at this stage to avoid causing confusion for shareholders and potential investors. According to Listing Rule 13.50, as the financial information cannot be published on time, trading in the company's shares will be suspended until the announcement containing the required financial information is published. The Board meeting originally scheduled for March 31, 2025, will also be postponed.
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