Jingu Wealth News | China Tianrui Cement (01252) announced that, as disclosed in the interim announcement on November 29, 2024, the mid-year performance is still pending verification and may involve further significant changes and accounting adjustments, including changes made based on the impairment assessment by the valuer. Therefore, the company believes that the impairment of assets and bad debt provision numbers evaluated by independent professional valuers constitute inside information and must be disclosed in accordance with the inside information provisions (Chapter 571 of the Hong Kong Ordinance).

The company believes it is necessary to engage reputable and independent professional valuers to conduct a comprehensive evaluation of the fair value of equity interests in joint ventures, as well as the integrity of asset impairment and bad debt provision related data, in order to present financial information that is true, fair, complete, and accurate. Due to the need for more time to further determine details (including appointing valuers to determine asset impairment and bad debt provision numbers) and because the company still wishes to ascertain certain inside information details, the company has applied to the Stock Exchange for the continued suspension of trading in the company's shares to await the announcement of further inside information and valuation results. The company believes that trading should continue to be suspended until the disclosure of the above inside information.