Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited state they take no responsibility for the contents of the announcement made by CCT Fortis Holdings Limited (00138), and they disclaim liability for any loss arising from or in reliance upon its entirety. According to the supplemental information, the announcement references an Annual Report for the year ended 31 December 2024 and the updates regarding the disclaimer of opinion included therein. The Board sets forth several measures taken by the Group to address the relevant issues.
CCT Fortis Holdings Limited completed the disposal of 95% of the issued share capital of a wholly owned subsidiary on 31 December 2025, notably improving its working capital and reducing the need for further cash injections. Amendments to the 2025 Convertible Bonds, conditionally agreed upon in early January 2026, include extending the maturity date to 31 December 2027 and lowering the interest rate from 4.5% to 0% per annum effective 1 January 2026. Outstanding interest accrued will be converted into a zero-interest shareholders’ loan repayable on demand, optimizing financial flexibility for the Group. The effectiveness of these amendments remains subject to several fulfillment conditions.
Additional steps taken by CCT Fortis Holdings Limited include the partial collection, amounting to HK$500,000, from a promissory note receivable between November 2025 and January 2026. Negotiations continue regarding the repayment schedule for the remaining debt. Meanwhile, the Group secured a waiver of a financial covenant for a bank borrowing of approximately HK$1,045 million from Nanyang Commercial Bank, extending the deadline to 31 December 2026. The Group also invested in a crime thriller film released on 1 October 2025, anticipating box office proceeds to bring in extra cash inflows in the first half of 2026. Additionally, the Group is considering property disposals at favorable prices for further capital replenishment or debt reduction.
The Board confirms that it will continue efforts to resolve the disclaimer of opinion and will provide further updates in accordance with the Listing Rules. Shareholders and potential investors are advised to exercise caution when dealing in the Company's shares.