Times China Holdings Limited has provided a quarterly update on the implementation of action plans to resolve the Disclaimer of Opinion regarding its going concern status. As part of its ongoing efforts to enhance operating efficiency and control costs, the Group reduced its number of employees from 1,449 as at 31 December 2024 to approximately 1,050 as of the date of the announcement. The Group has also continued to seek suitable opportunities to dispose of assets to generate additional cash inflows. Additionally, the Company reported that on 28 November 2025, an amendment agreement was entered into regarding a US$70 million shareholder loan owed to the spouse of the Chairman, stipulating that no payment will be made under the loan for ten years after 30 September 2025. The Group remains in active discussions with lenders on the renewal, extension, or restructuring of its borrowings and is seeking new sources of financing to address upcoming financial obligations and ensure the delivery of property projects under development. Further announcements will be made as appropriate.

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