Zhuguang Holdings Group Company Limited has outlined the progress of its liquidity-improvement plan following the auditor’s disclaimer of opinion on its FY2025 consolidated financial statements. The disclaimer, issued on 15 May 2026, centred on uncertainties surrounding the Group’s ability to continue as a going concern.

Key developments disclosed up to 14 August 2026 include:

1. Lender Engagement • Continuous dialogue covers outstanding borrowings exceeding HK$3.00 billion. • No lenders have demanded immediate repayment or threatened legal action.

2. Refinancing and Credit Facilities • Negotiations are under way to refinance or extend bank and other borrowings maturing within twelve months. • Additional credit lines are being explored with existing and potential new lenders.

3. Liquidity-Enhancement Results (15 May–31 July 2026) • Urban redevelopment debtors: new repayment schedules agreed. • Property sales: pre-sales and sales of properties under development and completed units totalled approximately HK$84.00 million. • Receivables collection: about HK$50.00 million gathered from outstanding sales proceeds and other receivables. • Cost control: administrative expenses and capital expenditure tightened through an ongoing reduction exercise.

4. Support from Ultimate Holding Company • Rong De has committed to provide financial support for at least 12 months from 31 December 2025 and will not demand repayment of amounts due within that period.

The Board maintains its view that the implemented measures will ease liquidity pressures and underpin the Group’s going-concern assumption. Further updates will be issued in accordance with Hong Kong Listing Rules. Shareholders and potential investors are advised to exercise caution when dealing in Zhuguang Holdings’ shares.