Special Explanation on Qualified Opinion and Material Uncertainty Related to Going Concern

✨ AI Summary

This announcement provides a special explanation regarding a qualified audit opinion issued for the financial statements of Kairuide Holdings Co., Ltd. for the year 2019. Key issues include significant receivables from a shareholder and related provisions for credit losses. The report highlights uncertainties regarding the shareholder's ability to repay, which may impact the company's ongoing operations.

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