Jiyi Holdings details plan to resolve audit concerns, meet resumption guidance

Jiyi Holdings Limited announced significant progress in addressing its auditor's disclaimer of opinion and meeting resumption guidance. The company reported total bank and other borrowings of RMB157.9 million as of the announcement date, including outstanding bank borrowings of RMB154.3 million. A verbal repayment plan of RMB25.0 million by the end of 2026 has been discussed for these bank borrowings.

The group secured HK$50 million in unsecured loan facilities from two independent third-party lenders on September 30, 2025, bearing 3% interest per annum and maturing on September 30, 2027. Jiyi Holdings plans to utilize these facilities to settle RMB25.0 million in outstanding borrowings, an additional RMB3.6 million in other loan borrowings, and allocate RMB22.0 million for working capital.

The company also noted outstanding convertible loan notes of approximately RMB51.2 million as of June 30, 2025. Greater Bay Finance Limited has undertaken not to demand repayment of these notes until January 1, 2027.

The group's auditor has confirmed the ability to issue an unqualified opinion for the consolidated financial statements for the year ending December 31, 2025, provided the remediation plan is fully implemented without substantial changes. The company believes it has fulfilled its Resumption Guidance, though trading in its shares remains suspended since April 2, 2024.