JY Grandmark Holdings Limited (the Company, stock code: 2231) released an update regarding the disclaimer of opinion referenced in its 2024 annual report. According to the announcement dated 4 February 2026, the Company has been working to address multiple uncertainties that cast doubt on the Group’s continuing operations.

The Company reported total bank and other borrowings of around RMB3,047 million as of 31 January 2026, with approximately RMB2,872 million considered to be in default. Lenders, except for one identified party, had not yet demanded immediate repayment. The Company remains in active negotiations to extend the repayment schedules and continues formulating a restructuring plan.

In response to market dynamics, recent measures included recalibrating pre-sales and sales activities. From the start of 2025 to 31 January 2026, aggregated contracted sales reached about RMB271.2 million. The Company also indicated that efforts to secure alternative financing and reduce liquidity pressures are ongoing.

The data provided is based on management accounts, which have not been audited or reviewed by external auditors. Accordingly, the figures should be treated as reference information only. The announcement emphasizes caution for shareholders and potential investors when dealing in the Company’s shares.