Zhongli Group progresses with 2024 annual report

Jiangsu Zhongli Group announced advancements in its 2024 annual report compilation and auditing, stating that previously identified concerns regarding its ability to continue as a going concern have been resolved following the completion of its restructuring plan and the lifting of regulatory penalties from China Securities Regulatory Commission. The company's net assets are expected to turn positive, with preliminary estimates for shareholders' equity ranging from 116,000 to 166,000 million RMB. While the audit is still underway, the company anticipates no issues that would lead to a non-unqualified audit opinion, as of the present date.