Victory Giant Technology (HuiZhou) Co., Ltd. – Key Announcement on 2025 Annual Report Exemption
Victory Giant Technology (HuiZhou) Co., Ltd. Announces Exemption from 2025 Annual Report Requirement
Key Points Investors Should Know
- Exemption from Annual Report Publishing: Victory Giant Technology (HuiZhou) Co., Ltd. (“the Company”) has officially announced that it will not prepare, publish, or send a separate annual report or summary financial report for the year ended 31 December 2025, as typically required under Rule 13.46(2) of the Hong Kong Listing Rules.
- Regulatory Compliance: This exemption is granted because the Company has already included all required financial information for the year ended 31 December 2025 within its prospectus dated 13 April 2026. As such, it remains fully compliant with all PRC laws, its Articles of Association, and the Stock Exchange’s regulatory requirements.
- Corporate Governance Compliance: The Company has also confirmed adherence to all applicable code provisions in Part 2 of the Corporate Governance Code (Appendix C1 of the Listing Rules), as stated in its prospectus.
- Access to Financial Results: Shareholders and potential investors are advised that the Company’s financial results for 2025 are available in the prospectus, which can be accessed on both the official HKEX website and the Company’s own website.
Details and Implications for Shareholders
Why This Exemption Matters: Under normal circumstances, listed PRC issuers are required to provide shareholders with a detailed annual report or a summary financial report within four months of the fiscal year-end. However, Victory Giant Technology (HuiZhou) Co., Ltd. is exempt for the 2025 financial year. This is significant because:
- The necessary audited financial statements and disclosures for the period up to 31 December 2025 have already been incorporated into the Company’s prospectus, ensuring transparency and compliance.
- The Company’s decision not to deliver a separate annual report is fully permitted under the Listing Rules (Note 4 to Rule 13.46(2)), and is not in breach of any local or international law, company regulations, or stock exchange requirements.
- Investors should note that all relevant financial data, governance disclosures, and regulatory compliance statements are already publicly available.
Board Composition
As of the date of the announcement (28 April 2026), the Board of Directors consists of:
- Executive Directors: Mr. Chen Tao (Chairman), Mr. Zhao Qixiang, Mr. Chen Yong, Ms. Wang Haiyan
- Non-Executive Director: Ms. Liu Chunlan
- Independent Non-Executive Directors: Mr. Xie Lanjun, Dr. Xie Lingmin, Dr. Zhang Jihai, Mr. Wong Ting Chung
Potential Price-Sensitive Information
Shareholders and investors should pay close attention:
- This announcement confirms that no additional annual financial disclosures for 2025 will be issued beyond the prospectus. Investors should ensure they have reviewed the prospectus for all 2025 financial information.
- The lack of a new annual report could impact the way some investors assess the Company’s ongoing disclosure practices, but the Company has pre-emptively addressed all regulatory and compliance issues.
- No negative regulatory or compliance implications arise from this exemption, which may provide reassurance to current and prospective shareholders regarding corporate governance and transparency standards.
Where to Find More Information
The full prospectus, which contains the financial results and other required disclosures for the year ended 31 December 2025, is available at:
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisors before making investment decisions. The information provided is based on the Company’s public announcement and may be subject to change or further clarification by regulatory authorities.
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