Hong Kong-listed property manager S-Enjoy Service Group released a quarterly update detailing its efforts to satisfy the Stock Exchange’s six-point Resumption Guidance issued in June 2025.
Independent forensic investigation • The probe into historical related-party fund transfers has officially closed. Investigators confirmed that none of the current directors or senior executives were involved and noted full repayment of the RMB4.12 million fund-occupation fee by the implicated former executive, Mr. Yang. • The Independent Investigation Committee was dismissed on 15 June 2026 after concluding no further actions were required.
Outstanding financial reporting • Audited results for FY 2024, 1H 2025 and FY 2025 were published on 29 June 2026. • The company is working with auditor Grant Thornton to release the FY 2024 Annual Report, 1H 2025 Interim Report and FY 2025 Annual Report in July 2026.
Management integrity and internal control enhancement • Investigators found no evidence questioning the integrity or competence of current management. • A second follow-up review completed on 9 June 2026 confirmed that remedial actions addressing key internal-control weaknesses—asset registration, large-value payment approvals and connected-transaction monitoring—are fully implemented. The board and audit committee consider the revamped controls adequate and effective.
Operational and financial position • FY 2024 revenue reached RMB5.06 billion, while FY 2025 revenue totaled RMB4.67 billion. • Total assets rose from RMB5.48 billion at end-2024 to RMB5.64 billion at end-2025. • Management reports that day-to-day operations “remain stable and unaffected” by the trading halt. The group is exploring AI applications in fee collection and work-order processing to raise efficiency.
Compliance roadmap • A formal resumption proposal was submitted to the Stock Exchange on 27 June 2026; the company will continue to issue quarterly updates until all six Resumption Guidance items are fulfilled and trading resumes.
Trading status • The shares have been suspended since 1 April 2025 and will remain so until further notice.