JY Grandmark Holdings Ltd. said its auditor issued a disclaimer of opinion on the group’s 2024 consolidated financial statements due to uncertainties that cast significant doubt on the group’s ability to continue as a going concern, and provided a February 2026 update on measures taken to address liquidity pressure. As at 28 February 2026, the group had total bank and other borrowings of about RMB3,031 million, of which about RMB2,881 million were considered in default and potentially immediately repayable on demand. The defaulted borrowings include a loan with an outstanding principal of about RMB580 million from Ping An Bank Co., Ltd. Guangzhou Branch, for which court proceedings have been initiated against group subsidiaries; a pre-trial hearing is scheduled for 9 March 2026, and the group said no other lenders besides the Zhaoqing lender and the Guangzhou lender had demanded immediate repayment by 28 February 2026. The company also reported aggregated contracted sales of approximately RMB274.81 million for the fourteen months ended 28 February 2026, and said it is continuing to adjust pre-sales and sales activities, pursue collection of sales proceeds, negotiate extensions with lenders, and seek alternative financing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. JY Grandmark Holdings Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260304-12040673), on March 04, 2026, and is solely responsible for the information contained therein.