China First Capital Group Limited (1269) Announces Updates on Disclaimer of Opinion and Liquidity Measures

Bulletin Express01-30

China First Capital Group Limited (1269) released updates regarding its efforts to address the auditor’s disclaimer of opinion on going concern for the financial year ended 31 December 2024. The company reported that various restructuring measures have been initiated since November 2025 to enhance liquidity and financial stability.

From November 2025 to January 2026, the group entered into a restructuring support agreement for debt restructuring under Hong Kong law, repaid and renewed certain borrowings related to its automobile parts operations, and continued communications with major creditors—including a major convertible bond holder—as well as potential investors, restructuring advisors, legal advisors, and the board. These discussions prompted further adjustments to the company’s restructuring plan.

During the financial year ended 31 December 2025, the group continued to focus on boosting its liquidity. Preliminary restructuring plans for convertible bonds were formulated, and negotiations took place with lenders to renew borrowings or adjust repayment schedules. The group sought new investors and worked toward capital injection, obtaining new financing while exploring asset divestments in non-core businesses. Operational efficiencies and cost controls were also intensified, including relocating offices for greater cost-effectiveness.

According to the company, further announcements will be published in line with relevant regulations whenever updates on the disclaimer of opinion are available. Shareholders and investors are advised to exercise caution when dealing in the company’s securities.

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.

Comments

We need your insight to fill this gap
Leave a comment