Summit Ascent (00102) has released an announcement regarding the company's preliminary performance for the 6-month period ending June 30, 2024 (first half of 2024). The announcement of the interim performance for 2024 (mid-year performance) will be delayed and will not be published before August 31, 2024, in accordance with Article 13.49(6). The company will also delay sending the mid-year report for 2024 (mid-year report) to shareholders, which will not be sent before September 30, 2024, in accordance with Article 13.48(1).
The audit committee will be restructured after the appointment of the required number of independent non-executive directors. Without an audit committee, the company is unable to reach a consensus with its auditors on its financial statements for the 2023 fiscal year, as stated and disclosed in the company's announcement dated March 22, 2024, which is a prerequisite for publishing the annual performance announcement for 2023 in accordance with Article 13.49(2).
Once the audit committee is restructured with a sufficient number of independent non-executive directors, the company will make further announcements regarding the expected date of the annual performance announcement for 2023 once arrangements for audit/review with its auditors are made.
The Smart Finance APP reported that Summit Ascent (00102) has issued an announcement stating that the announcement of the company's preliminary performance for the 6-month period ending June 30, 2024 (first half of 2024) will be delayed. The announcement of the interim performance for 2024 (mid-year performance) will not be published before August 31, 2024, as required by Article 13.49(6). Additionally, the company will delay sending the mid-year report for 2024 (mid-year report) to shareholders, which will not be sent before September 30, 2024, as required by Article 13.48(1).
In addition, the trading of the shares remains suspended.