Glory Health Industry Limited released a quarterly update detailing the measures under way to address the auditor’s earlier disclaimer of opinion.

The group confirmed that negotiations with financial institutions and other creditors on debt restructuring remain in progress.

To enhance liquidity, the company is actively marketing several investment properties. The Shenyang company, the Foshan Shengpingli project and Beijing North Fifth Building are currently in buyer-search and negotiation phases. In parallel, the Nanshan and Xikeng projects in Shenzhen, together with the Shantou Hospital Project, are seeking strategic investors to optimise the debt structure and free up capital.

Management also reported ongoing applications to return land associated with the Shenyang and Chongming Island projects, aiming to further bolster the balance-sheet position.

The board stated that it will issue separate announcements on any material developments in accordance with Hong Kong listing regulations.