China Kangda Food Company Limited provided a quarterly update regarding its action plan to address the prior disclaimer of opinion. The latest figures indicate that, between the end of the 2024 reporting period and 30 November 2025, the company secured RMB104 million in new bank loans while repaying RMB160 million, leaving an outstanding balance of RMB93.80 million as of late November 2025.

Following the unconditional general offer completed in December 2025, the company is now controlled by Hong Kong Sheng Yuan Holding Co., Limited, ultimately owned by Mr. Gao. The lenders of the matured Related Party Loans and the 2nd Related Party Loan, totaling approximately HKD41.7 million, entered into extension agreements pushing the repayment deadlines to 31 December 2027; these loans were consequently reclassified as shareholder loans. The HKD115 million loan from the former controlling shareholder, Zenith Hope Limited, was extended to 31 December 2026, with a plan for full repayment in installments starting in the second half of 2026. The controlling shareholder also intends to provide an additional HKD60 million loan in the first quarter of 2026.

On the operational front, storage capacity expansions in both the processed food product and chilled/frozen chicken meat segments have alleviated bottlenecks and are expected to reduce external cold storage costs. Upgrades in the chilled/frozen rabbit meat segment further boost slaughtering capacity. The company has focused on cost controls since March 2025, reporting savings of approximately RMB7.24 million by the end of November 2025.