JY Grandmark Faces Auditor Disclaimer Over Going Concern Doubts

Reuters01-26 14:52

JY Grandmark Faces Auditor Disclaimer Over Going Concern Doubts

JY Grandmark Holdings Ltd. has disclosed that its auditors issued a disclaimer of opinion on the company’s consolidated financial statements for the year ended 31 December 2024. The disclaimer was due to multiple uncertainties that cast significant doubt on the Group’s ability to continue as a going concern. The company’s board stated that further information on resolving the underlying issues has been provided, and they believe it remains appropriate to prepare the accounts on a going concern basis, taking into account cash flow projections for at least twelve months from the end of 2024.

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 via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260123-12000010), on January 23, 2026, and is solely responsible for the information contained therein.

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