Grace Life-Tech Holdings Limited has released a supplemental announcement regarding its annual report for the year ended December 31, 2024. The company provided additional information and disclosed measures aimed at addressing a disclaimer of opinion previously issued. Grace Life-Tech is actively working on expanding its business operations, particularly in the plant stem cell sector, with plans to increase its product range and sales channels. Additionally, the company has temporarily suspended its iron ore business due to a decline in market prices and is seeking strategic partners to optimize and resume operations. The company's efforts are geared towards achieving a 10% cost saving in FY2025 through various measures, including workforce optimization and cost containment. The restated financial results reflect Grace Life-Tech's commitment to enhancing its operational efficiency and financial performance.
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