Global Strategic Unveils Liquidity and Governance Actions to Resolve FY2025 Audit Disclaimer

Bulletin Express
08/28

Global Strategic Group Limited has issued a supplemental update detailing a five-point action plan to address the auditor’s disclaimer of opinion on its FY2025 consolidated financial statements.

1. Operational Continuity The Group reaffirmed its commitment to its core natural-gas operations and sales-and-leasing business. Management highlighted stable supplier relationships and increasing customer gas consumption as indicators of ongoing operational stability.

2. Capital Injection via Share Placement In April 2026, the company completed a placement of 37.72 million new shares at HK$0.22 per share, generating net proceeds of approximately HK$7.88 million. Funds have been allocated to bond redemption, professional-fee payments and general working capital, consistent with prior disclosures.

3. Debt Profile Adjustment • July–August 2026: issuance of new non-convertible bonds totaling HK$1.40 million to bolster liquidity. • As of the announcement date (28 August 2026): no non-convertible bonds mature on or before 30 September 2026, while HK$15.30 million mature thereafter.

4. Director Financial Support Executive Director Mr. Wu Chunyao continues to provide financial backing, committing to supply sufficient funds to meet the Group’s obligations as they fall due.

5. Ongoing Capital Management The Board will monitor working-capital requirements and evaluate further equity financing opportunities when appropriate.

The company intends to maintain these measures through FY2026 and will issue additional updates as progress is made toward lifting the audit qualifier. Shareholders and potential investors are advised to exercise caution when dealing in Global Strategic securities.

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