【Zhongfu】Announcement from the Financial Supervisory Commission regarding the 2025 financial report, requiring re-announcement and filing within 20 days
Zhongfu has received a request from the Financial Supervisory Commission to re-announce and file its 2025 financial report within 20 days. This is due to the subsidiary Fuxing Company failing to provide compliant financial reports, leading to insufficient audit evidence and necessitating the restatement of financial reports. This could affect the company's credibility and financial transparency.
📋 Article Processing Timeline
- 📰 Published: April 28, 2026 at 09:00
- 🔍 Collected: April 29, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: April 29, 2026 at 08:11 (11 min after Collected)
1. Date of occurrence of the event: 2026/04/28
2. Fiscal year/quarter of the corrected or restated financial report: 2025 financial report
3. Please explain whether it is a correction or restatement: Restatement
4. Cause of occurrence: Letter No. 11503819451 from the Financial Supervisory Commission, Securities and Futures Bureau
5. Date limited by the competent authority for correction or restatement: 2026/05/18
6. Major differences from the previously announced financial report: Not applicable
7. Countermeasures:
(1) The company was unable to obtain Fuxing Company's 2025 legally compliant financial report, which had been approved by its board of directors and audited by a certified public accountant, before the company's board of directors approved the financial report on 2026/03/31. This led to a lack of sufficient and appropriate audit evidence for the company's certified public accountant to judge the amount of investments accounted for by the equity method and other related investment gains and losses, resulting in a qualified audit opinion.
(2) Subsequently, the Financial Supervisory Commission issued a letter on April 1, 2026, Ref. No. 1150339369, ordering the company to re-announce and file within a limited period. For this purpose, the company continuously sent letters on 2026/04/01, 04/09, and 04/16 urging Fuxing Company, an investee accounted for by the equity method, to provide its 2025 financial report approved by its board of directors and audited by a certified public accountant. The company's chairman also separately requested Fuxing Company to convene a board meeting on 2026/04/01 and 04/09 to discuss the 2025 financial report as a director of Fuxing Company, but as of the deadline specified by the competent authority, no action was taken. This still prevents the company from providing sufficient and appropriate audit evidence for the certified public accountant to re-audit and update the audit opinion on the accounting items involving Fuxing Company in the 2025 financial statements. In addition, before the aforementioned deadline, the company also applied to the competent authority for an extension of the filing deadline for the 2025 financial report, but it was denied.
(3) Based on this, the company will continue to pursue Fuxing Company for its 2025 legally compliant financial report approved by its board of directors and audited by a certified public accountant. Once obtained, the company will engage the certified public accountant to perform an audit and provide an updated audit opinion, and then re-announce and file.
8. Other matters that need to be specified:
The company received another notification from the competent authority on April 28, 2026, requesting re-announcement and filing within 20 days. The company intends to continue discussions with its accountant and apply for an extension from the competent authority if necessary.
2. Fiscal year/quarter of the corrected or restated financial report: 2025 financial report
3. Please explain whether it is a correction or restatement: Restatement
4. Cause of occurrence: Letter No. 11503819451 from the Financial Supervisory Commission, Securities and Futures Bureau
5. Date limited by the competent authority for correction or restatement: 2026/05/18
6. Major differences from the previously announced financial report: Not applicable
7. Countermeasures:
(1) The company was unable to obtain Fuxing Company's 2025 legally compliant financial report, which had been approved by its board of directors and audited by a certified public accountant, before the company's board of directors approved the financial report on 2026/03/31. This led to a lack of sufficient and appropriate audit evidence for the company's certified public accountant to judge the amount of investments accounted for by the equity method and other related investment gains and losses, resulting in a qualified audit opinion.
(2) Subsequently, the Financial Supervisory Commission issued a letter on April 1, 2026, Ref. No. 1150339369, ordering the company to re-announce and file within a limited period. For this purpose, the company continuously sent letters on 2026/04/01, 04/09, and 04/16 urging Fuxing Company, an investee accounted for by the equity method, to provide its 2025 financial report approved by its board of directors and audited by a certified public accountant. The company's chairman also separately requested Fuxing Company to convene a board meeting on 2026/04/01 and 04/09 to discuss the 2025 financial report as a director of Fuxing Company, but as of the deadline specified by the competent authority, no action was taken. This still prevents the company from providing sufficient and appropriate audit evidence for the certified public accountant to re-audit and update the audit opinion on the accounting items involving Fuxing Company in the 2025 financial statements. In addition, before the aforementioned deadline, the company also applied to the competent authority for an extension of the filing deadline for the 2025 financial report, but it was denied.
(3) Based on this, the company will continue to pursue Fuxing Company for its 2025 legally compliant financial report approved by its board of directors and audited by a certified public accountant. Once obtained, the company will engage the certified public accountant to perform an audit and provide an updated audit opinion, and then re-announce and file.
8. Other matters that need to be specified:
The company received another notification from the competent authority on April 28, 2026, requesting re-announcement and filing within 20 days. The company intends to continue discussions with its accountant and apply for an extension from the competent authority if necessary.