Hong Kong, 31 August 2026—China Baoli Technologies Holdings Limited (China Baoli Tech) reported substantive progress on the remedial measures aimed at lifting the auditor’s Disclaimer of Opinion for FY-2026.
Fundraising Update During the review period, the company executed 20 subscription agreements involving 132.68 million new shares, generating gross proceeds of HK$63.82 million. Management stated that the additional capital will strengthen working capital and provide flexibility for the group’s DGDB project pipeline and convergence-media initiatives.
Mongolian Resource Projects 1. Iron Ore: Consultancy services have concluded, key processing equipment has been procured and partly delivered to site, and technical specialists with newly issued work visas have been deployed. With site preparation complete, the project has formally transitioned into the construction phase, with initial processed ore expected “shortly.” 2. Coal Processing: Mining camps and staff accommodation are operational. Recruitment, equipment procurement and construction activities are in progress. Management noted that supportive coal-market conditions could accelerate full-scale production, subject to additional capital deployment.
Commercial Initiatives and Expansion The group is in active discussions with potential suppliers and distributors regarding off-take and long-term sales agreements for both coal and iron-ore outputs; several counterparties have begun due diligence. Parallel evaluations of iron-ore prospects in Africa aim to diversify resources and broaden the DGDB business pipeline.
Governance and Next Steps The board reiterated its commitment to executing the action plans designed to address issues underpinning the auditor’s Disclaimer of Opinion. Further announcements will be made as material milestones are achieved.
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