| Zhonghui Anda CPA | 27-Dec-24 | 18-Aug-26 | | SUPPLEMENTAL INFORMATION - The Audit Committee recommended Zhonghui Anda to resign due to uncertainties in completing the audit of the 2025 Annual Results within a reasonable timeframe. Zhonghui Anda estimated it would require 6 to 8 weeks but was unable to proceed pending the completion and findings of an Independent Investigation. Outstanding audit issues included: (1) concerns over the balances, movements, and recoverability of prepayments to coal suppliers (approx. RMB 8.26 billion); (2) going concern assessment due to liquidity concerns (overdue loans of RMB 3.4 billion vs. bank balances of RMB 0.7 billion); and (3) outstanding audit evidence regarding impairment assessments, guarantee obligations, litigation, and related party transactions. |
