China Biotech Services Holdings Ltd. Provides Quarterly Update on Action Plan to Resolve Disclaimer of Opinion

Reuters
Jul 22
China Biotech Services Holdings Ltd. Provides Quarterly Update on Action Plan to Resolve Disclaimer of Opinion

China Biotech Services Holdings Ltd. has provided a quarterly update on the implementation of its action plan to address the disclaimer of opinion regarding going concern raised by its auditors for the year ended 31 December 2024. The company has made progress with its financing projects, which are expected to exceed RMB150 million in aggregate. Several projects are currently undergoing due diligence or awaiting internal approval by investors. The board continues to actively implement the action plan, aiming to resolve the disclaimer as soon as possible. Additionally, the management has successfully renewed a bank borrowing of RMB4,000,000, equivalent to approximately HK$4,388,000. Shareholders and potential investors are advised to exercise caution when dealing in the company's shares. Further updates on the implementation progress will be published as appropriate.

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