Summary by Futu AI
Yida China Holdings Limited (“Yida China”) announced that the release of its 2023 results, originally announced on or before 31 March 2024, will be delayed. THE COMPANY EXPLAINED THAT DUE TO THE APPOINTMENT OF A NEW AUDITOR AT THE EXTRAORDINARY GENERAL MEETING ON MARCH 25, 2024, IT MAY NOT BE POSSIBLE TO COMPLETE THE NECESSARY PROCEDURES WITH THE NEW AUDITOR TO IMPLEMENT THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS BEFORE THE DEADLINE. In addition, China considers that it is inappropriate to publish unaudited management accounts at this stage as this may not accurately reflect the financial performance and condition of the company and may confuse or mislead shareholders and potential investors. Under the rules of the exchange, the company's shares are expected to be suspended from April 2, 2024 until the annual results are announced. China will also postpone the meeting of the Board of Directors for the original review and approval of the 2023 results and will notify the new date of the shareholders' meeting in due course after completion of the audit work.