China Kangda Food Company Ltd. has provided a quarterly update on the implementation of its action plan to address a disclaimer of opinion. The company reported that from the end of the reporting period for the year ended 31 December 2024 to 30 November 2025, it secured new bank loans totaling RMB104 million and repaid bank loans amounting to RMB160 million. As of 30 November 2025, the outstanding loan balance was RMB93.80 million. Additionally, since March 2025, the company implemented several cost control measures, including a budget assessment mechanism, a quota system for expense control, workshop cost management assessment, and technological upgrades. These initiatives have resulted in cumulative savings of approximately RMB7.24 million as of the end of November 2025. The company stated it will continue to update shareholders and investors on the progress of these measures as appropriate.
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