Can the annual report of a trust company not be disclosed?

You can't. According to the Interim Provisions on Enterprise Information Publicity, those who fail to publicize the annual report within the prescribed time limit or the relevant enterprise information within the time limit ordered by the administrative department for industry and commerce will be listed in the list of business anomalies, and it is impossible for a trust company not to disclose the annual report. Trust companies in China refer to financial institutions mainly engaged in trust business established in accordance with the Company Law of People's Republic of China (PRC) and the Measures for the Administration of Trust and Investment Companies.