| Zhonghui Anda Cpa | 17-Dec-21 | 30-Jul-25 | | 1) the concern over the appropriateness of consolidation of certain Singapore subsidiaries of the Company, which are under receiverships, in the Company’s consolidated financial statements for the eighteen months ended 30 June 2024 (“FY2023/24”); 2) Material uncertainty over the Group’s ability to continue as a going concern due to failure to fulfil the settlement plan for the convertible note with a principal amount of US$25 million (the “CN”); 3) Outstanding items during the planning of the audit for FY2023/24. They mainly include pending bank confirmations, consolidated trail balance, breakdown of major balance sheet items, expected-credit-loss assessment, and agreed figures for outstanding principal and accrued interest of the CN; and 4) Outstanding balance of auditor’s remuneration remained unsettled. |
