JY Grandmark Faces Disclaimer of Opinion in 2024 Annual Report

Reuters

Nov 03

JY Grandmark Faces Disclaimer of Opinion in 2024 Annual Report

JY Grandmark Holdings Ltd. has announced that its auditors issued a disclaimer of opinion on the company's consolidated financial statements for the year ended 31 December 2024. The disclaimer stems from multiple uncertainties that cast significant doubt on the group's ability to continue as a going concern. In response, the company has implemented several measures to mitigate liquidity pressures and improve its financial position, including negotiations regarding the renewal and extension of repayments related to its outstanding borrowings, which totaled approximately RMB3,078 million as of 31 October 2025. The company is providing voluntary updates on its progress to address the issues underlying the auditors' disclaimer.

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. JY Grandmark Holdings Ltd. published the original content used to generate this news brief on November 03, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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