Shenzhen Woer Heat-Shrinkable Material Co., Ltd. (WOER) reported that the Beijing Stock Exchange (BSE) has formally suspended its review of the planned public offering and listing transfer of the Group’s non-wholly-owned subsidiary, Shanghai Keter New Material Co., Ltd.

Shanghai Keter requested the suspension on 22 September 2026 after the financial statements dated 31 December 2025—originally cited in its prospectus—exceeded the six-month validity window stipulated by Article 45 of the BSE Review Rules. The BSE updated the project status to “suspended” on 29 September 2026.

WOER stated that Shanghai Keter will seek to resume the review process promptly once the updated financial information and other required materials are ready. The parent company reiterated that the subsidiary’s public offering and listing transfer remain contingent on market conditions and approvals from the China Securities Regulatory Commission and the BSE, and there is no assurance the transaction will proceed.

WOER will release further announcements in line with Hong Kong Listing Rules as material developments arise. Shareholders and potential investors are advised to exercise caution when dealing in WOER’s securities.