Tenet Sets Revised Timeline for Filing of Year-End 2024 Financial Results
Tenet Fintech Group (OTCQB: PKKFF), operator of the Cubeler business development platform, has announced a further delay in filing its 2024 year-end financial statements. The delay is attributed to the need to align the company's annual financial audit with the mandatory tax audit of its Chinese subsidiaries.
The company has set a revised timeline for August 2025 to file the financial statements, with the exact filing date to be announced by the end of July 2025. The delay stems from the inability to synchronize the Chinese tax audit with the Canadian operations audit, which typically occur simultaneously due to their reliance on similar financial information.
Tenet Fintech Group (OTCQB: PKKFF), gestore della piattaforma di sviluppo aziendale Cubeler, ha annunciato un ulteriore rinvio nella presentazione dei suoi bilanci finanziari di fine anno 2024. Il ritardo è dovuto alla necessità di allineare la revisione contabile annuale della società con l'audit fiscale obbligatorio delle sue filiali cinesi.
L'azienda ha fissato una nuova scadenza per agosto 2025 per la presentazione dei bilanci, con la data esatta che sarà comunicata entro la fine di luglio 2025. Il ritardo deriva dall'impossibilità di sincronizzare l'audit fiscale cinese con la revisione delle operazioni canadesi, che solitamente avvengono contemporaneamente a causa della dipendenza da informazioni finanziarie simili.
Tenet Fintech Group (OTCQB: PKKFF), operador de la plataforma de desarrollo empresarial Cubeler, ha anunciado un nuevo retraso en la presentación de sus estados financieros de cierre de año 2024. El retraso se atribuye a la necesidad de alinear la auditoría financiera anual de la compañía con la auditoría fiscal obligatoria de sus subsidiarias chinas.
La empresa ha establecido un nuevo plazo para agosto de 2025 para presentar los estados financieros, y la fecha exacta se anunciará a finales de julio de 2025. El retraso se debe a la imposibilidad de sincronizar la auditoría fiscal china con la auditoría de las operaciones canadienses, que normalmente ocurren simultáneamente debido a que se basan en información financiera similar.
Tenet Fintech Group (OTCQB: PKKFF), Cubeler 비즈니스 개발 플랫폼 운영사는 2024년 연말 재무제표 제출이 또 한 차례 연기되었음을 발표했습니다. 이번 연기는 회사의 연례 재무 감사와 중국 자회사의 필수 세무 감사를 조율해야 하는 필요성 때문입니다.
회사는 재무제표 제출을 위해 2025년 8월로 수정된 일정을 설정했으며, 정확한 제출일은 2025년 7월 말까지 발표할 예정입니다. 이번 지연은 중국 세무 감사와 캐나다 운영 감사가 보통 유사한 재무 정보를 기반으로 동시에 진행되기 때문에 이를 동기화하지 못한 데서 비롯되었습니다.
Tenet Fintech Group (OTCQB : PKKFF), opérateur de la plateforme de développement commercial Cubeler, a annoncé un nouveau report du dépôt de ses états financiers de fin d'année 2024. Ce retard est dû à la nécessité d'aligner l'audit financier annuel de la société avec l'audit fiscal obligatoire de ses filiales chinoises.
L'entreprise a fixé un nouveau calendrier pour août 2025 pour le dépôt des états financiers, la date exacte devant être annoncée d'ici fin juillet 2025. Ce retard résulte de l'impossibilité de synchroniser l'audit fiscal chinois avec l'audit des opérations canadiennes, qui ont généralement lieu simultanément en raison de leur dépendance à des informations financières similaires.
Tenet Fintech Group (OTCQB: PKKFF), Betreiber der Geschäftsentwicklungsplattform Cubeler, hat eine weitere Verzögerung bei der Einreichung seiner Finanzberichte zum Jahresende 2024 angekündigt. Die Verzögerung ist darauf zurückzuführen, dass die jährliche Finanzprüfung des Unternehmens mit der obligatorischen Steuerprüfung seiner chinesischen Tochtergesellschaften abgestimmt werden muss.
Das Unternehmen hat einen überarbeiteten Zeitplan für August 2025 zur Einreichung der Finanzberichte festgelegt, wobei das genaue Einreichungsdatum bis Ende Juli 2025 bekannt gegeben wird. Die Verzögerung resultiert daraus, dass die chinesische Steuerprüfung nicht mit der Prüfung der kanadischen Geschäftstätigkeiten synchronisiert werden kann, die normalerweise gleichzeitig stattfinden, da sie auf ähnlichen Finanzdaten basieren.
- None.
- Further delay in filing 2024 year-end financial statements
- Misalignment between Chinese tax audit and Canadian operations audit causing operational inefficiencies
Toronto, Ontario--(Newsfile Corp. - July 23, 2025) - Tenet Fintech Group Inc. (CSE: PKK) (OTCQB: PKKFF) ("Tenet" or the "Company"), an innovative analytics service provider, owner and operator of the Cubeler® business development platform, today announced that the completion of the audit of the Company's year-end 2024 financial statements (the "Financial Statements") would be further delayed to align with the annual tax audit of the Company's Chinese subsidiaries. The subsidiaries' tax audit is an annual requirement for Tenet's Chinese operating entities. It is typically conducted alongside the audit of the Company's year-end financial statements, as both audits rely on similar financial information. This year, however, Tenet was unable to synchronize the two audits because of the delay in the start of the audit of its Canadian operations, resulting in additional delays to file the Financial Statements. Tenet has revised the timeline for filing the Financial Statements to August 2025, with a precise filing date to be communicated by the end of this month.
About Tenet Fintech Group Inc.:
Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, include Tenet and all its subsidiaries. Tenet's subsidiaries offer various analytics and AI-based products and services to businesses, capital markets professionals, government agencies and financial institutions either through or leveraging data gathered by Cubeler®, a business development platform where analytics and AI are used to create opportunities and facilitate B2B transactions among its members. Please visit our website at: https://www.tenetfintech.com/.
For more information, please contact:
Tenet Fintech Group Inc.
Mayco Quiroz, Chief Operating Officer
514-340-7775 ext.: 510
investors@tenetfintech.com
CHF Capital Markets
Cathy Hume, CEO
416-868-1079 ext.: 251
cathy@chfir.com
Follow Tenet Fintech Group Inc. on social media:
X: @Tenet_Fintech
Facebook: @Tenet
LinkedIn: Tenet
YouTube: Tenet Fintech
Forward-looking information
Certain statements in this press release constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of Tenet to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements in this news release include, but are not limited to, holding company with significant operations in China; general economic and business conditions, including factors impacting the Company's business in China such as pandemics and COVID-19; legislative and/or regulatory developments; Global Financial conditions, repatriation of profits or transfer of funds from China to Canada, operations in foreign jurisdictions and possible exposure to corruption, bribery or civil unrest; actions by regulators; uncertainties of investigations, proceedings or other types of claims and litigation; timing and completion of capital programs; liquidity and capital resources, negative operating cash flow and additional funding, dilution from further financing; financial performance and timing of capital; and other risks detailed from time to time in reports filed by Tenet with securities regulators in Canada. Reference should also be made to Management's Discussion and Analysis (MD&A) in Tenet's annual and interim reports, Annual Information Form, filed with Canadian securities regulators and available via the System for Electronic Document Analysis and Retrieval (SEDAR+) under Tenet's profile at www.sedarplus.ca, for a description of major risk factors relating to Tenet. Although Tenet has attempted to identify certain factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.
Forward-looking statements reflect information as of the date on which they are made. The Company assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event the Company does update any forward-looking statement, no inference should be made that the Company will make additional updates with respect to that statement, related matters, or any other forward-looking statement.
Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259872
FAQ
When will Tenet Fintech (PKKFF) file its 2024 year-end financial statements?
Why is Tenet Fintech (PKKFF) delaying its 2024 financial statements filing?
What is causing the audit synchronization issues for Tenet Fintech?
How does the audit process work for Tenet's Chinese subsidiaries?
