China Yurun Food Group Seeks Resolution for Auditor's Disclaimer Due to Financial Uncertainties

Reuters

Jul 29

China <a href="https://laohu8.com/S/01068">Yurun Food</a> Group Seeks Resolution for Auditor's Disclaimer Due to Financial Uncertainties

China Yurun Food Group Limited has announced a quarterly update on its efforts to resolve an auditor's disclaimer of opinion on their financial statements for the year ended December 31, 2024. The disclaimer was issued due to uncertainties surrounding the company's ability to continue as a going concern. Since the publication of their annual report on April 28, 2025, the company has been actively negotiating with banks over HK$344 million in overdue borrowings. Efforts include seeking agreements on installment repayments and waiving penalties. Despite ongoing negotiations, no resolution has been reached. The board remains committed to resolving the issue and will provide further updates as necessary.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. China Yurun Food Group Limited published the original content used to generate this news brief on July 29, 2025, and is solely responsible for the information contained therein.

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The disclaimer was issued due to uncertainties surrounding the company's ability to continue as a going concern. Since the publication of their annual report on April 28, 2025, the company has been actively negotiating with banks over HK$344 million in overdue borrowings. Efforts include seeking agreements on installment repayments and waiving penalties. Despite ongoing negotiations, no resolution has been reached. The board remains committed to resolving the issue and will provide further updates as necessary.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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