On 16 February 2026, Kaisun Holdings Limited (8203) provided an update regarding the disclaimer of opinion on going concern referenced in its annual report for the year ended 31 December 2024. The board announced a series of initiatives that aim to enhance the organization’s liquidity and improve its overall financial fundamentals.

Kaisun Holdings has completed significant changes to its Board of Directors and continues to seek qualified individuals to meet regulatory requirements. The new board has refined its development strategy around core business operations while actively managing existing debts. This includes an arrangement with a major creditor, under which repayment demands have been deferred until 30 June 2027, and verbal agreements with other key creditors to secure more stable repayment timelines.

The group’s principal operations—coal trading, coal railway transportation, and mining machinery production—remain the foundational focus. Coal mining activities in Turpan, Xinjiang are cited as a core revenue driver and are closely aligned with national energy strategies. The existing mine has a permit for 1.20 million tons per year, with conservatively estimated resources of about 190.00 million tons. Following the completion of ongoing fire extinguishing work, the group intends to pursue project planning and design through various financing channels, continuing its ambition to develop into a comprehensive energy enterprise encompassing coal mining, processing, and sales.

Further rationalization of operational structure includes the sale of trust and trustee services, as well as the deregistration of certain non-operational offshore subsidiaries, with the goal of streamlining costs and reinforcing the financial base. Kaisun Holdings states it will make additional announcements on material business developments as required by regulatory guidelines.