Hidili Industry International Development Limited (01393) has provided a quarterly update on its action plans aimed at resolving a Disclaimer of Opinion related to the group’s going concern status. The update references the annual report for the year ended 31 December 2024 and a prior announcement dated 31 July 2025.

According to the company, certain bank debts, representing around 70% of its borrowings, were disposed of by Minsheng Bank and Ping An Bank to a PRC financial institution. A revised repayment proposal has been submitted to this institution, which includes partial waivers of principals and all outstanding interests, along with an extension of the remaining principal over one to five years. Negotiations with other PRC lending banks are ongoing, and agreements have yet to be finalized.

Between 1 July and 30 September 2025, the company produced approximately 1,317,000 tonnes of raw coal, an 11% increase from about 1,188,000 tonnes in the same period of 2024. The company anticipates achieving over 20% growth in raw coal production in the fourth quarter. It has also maintained production cost and administrative expense controls and states that it continues to evaluate additional cost-saving initiatives.

In addition, the company remains open to disposing of certain assets to secure additional cash. Progress updates on these action plans and any related repayment proposals will be published as necessary.