China Resources and Transportation Group Limited (CRTG, Stock Code: 269) issued a quarterly update addressing actions taken to resolve its auditors’ disclaimer of opinion, primarily focused on the Group’s going concern status. According to the latest announcement, the debt restructuring of CRTG’s subsidiary Zhunxing continues to progress, with around 6.88 billion converted into a 49% equity stake. Approximately 0.69 billion of secured debt has already been converted, while remaining debts await further agreements.

CRTG also noted ongoing discussions to extend standstill letters or reschedule repayments with non-convertible bondholders and other lenders. Efforts to secure new financing sources to bolster liquidity remain active. The Group’s core operations—expressway operations, CNG gas stations, production and sale of forage and agricultural products, and timber—are continuing as usual.