New Amante issues progress report on audit disclaimer, opens new Hong Kong lounge and tightens cost controls

Bulletin Express05-31

New Amante Group Limited has released an update on the auditor’s disclaimer of opinion contained in its FY-2024 and FY-2025 annual reports, together with the latest operational measures aimed at strengthening liquidity and improving performance.

Key measures underway include:

1. Cost management – The Group is “strictly” controlling operating and administrative expenses to curb cash outflows.

2. New revenue venue – On 17 April 2026 the Company signed a new lease to open a cigar and wine lounge in Hong Kong, replacing the recently closed Amante House and its Lan Kwai Fong outlet. Details of the lease were disclosed in a separate announcement dated 17 April 2026.

3. Portfolio expansion – Management is in discussions with prospective investors regarding additional businesses that align with the Group’s luxury-lifestyle positioning.

4. Restaurant & catering – The Group is assessing the relaunch of restaurant operations in Hong Kong and reviewing the strategy for its Chengdu project due to renovation delays.

All other previously announced initiatives remain unchanged. The Board stated that further updates will be provided when appropriate.

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