The Norwegian Financial Supervisory Authority has imposed an administrative violation penalty of NOK 70,000 on HX Hold Co Ltd for failing to publish its 2025 annual report by the statutory deadline. The report was due by 30 April 2026 under the Norwegian Securities Trading Act and was instead published through a stock exchange announcement on 20 May 2026. Finanstilsynet found that both the objective and subjective conditions for a penalty were met. It concluded the delay was a clear breach of the reporting rules, found no relevant excuse for the late filing, and said one or more persons acting on behalf of the company had acted negligently or that cumulative errors had occurred. The authority stressed that timely periodic financial reporting is a core obligation for listed companies and that issuers are expected to have adequate controls, expertise and resources to meet disclosure deadlines. In setting the amount, it referred to an overall case-by-case assessment, previous practice and proportionality considerations. The decision may be appealed within three weeks of receipt. Appeals are handled by the Financial Supervision Appeals Board through Finanstilsynet, and collection will follow after the appeal deadline expires or, if appealed, after a final decision upholds the penalty.

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