China Sinostar Group Company Limited has issued an update regarding a disclaimer of opinion noted in its annual report for the year ended March 31, 2024. The disclaimer pertains to concerns about the company's ability to continue as a going concern. In response, the company has outlined several measures to alleviate liquidity pressure and address the financial concerns. These measures include receiving continuous financial support from its immediate holding company, seeking standby banking facilities, exploring potential fundraising opportunities, and implementing cost control measures to enhance profitability and cash flow. The company has committed to providing further updates as necessary in compliance with the Listing Rules.
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