China Cultural Tourism and Agriculture Group Limited (Stock Code: 542) has released updates on initiatives to address liquidity pressures and resolve a disclaimer of opinion regarding going concern included in its 2024 annual report.

According to the announcement, the group has moved forward with key plans intended to strengthen its financial position. One notable step is the signed sale and purchase agreement for 12 buildings in German City at a contract price of approximately RMB550 million, targeting completion by the end of 2025. This transaction is expected to enhance the group’s cash flow and support overall financial performance.

Another important action involves the disposal of a 47% equity interest in a subsidiary, valued at around RMB143 million. To date, the group has received RMB16 million, and the remaining 90% of the consideration is due before 31 March 2026. The group aims to complete the transaction before 31 December 2025 and anticipates a gain of approximately RMB84 million upon final payment.

Additionally, discussions continue with various domestic lenders on the renewal and extension of loans, alongside ongoing restructuring talks with the controlling shareholder over a promissory note. The group is further exploring potential asset sales to bolster liquidity. Relevant announcements will be made should these efforts reach meaningful new stages.

The management advises shareholders and potential investors to exercise caution when dealing in company securities. All data cited in this update derives from internal figures subject to change upon publication of audited or unaudited statements.