300108SZSE

Special Explanation from the Board of Directors of Jiyang Holding Group Co., Ltd. Regarding the Matters Involved in the 2024 Audit Report with No Opinion Expressed

*ST Jiyao Co., Ltd.··4 pages

✨ AI Summary

Jiyang Holding Group Co., Ltd. has received an audit report for 2024 from Beijing Dehao International Accounting Firm, which expressed no opinion due to significant uncertainties regarding the company's ability to continue as a going concern. Key figures include a net loss of approximately 439.43 million yuan and a debt-to-asset ratio of 204.08%. The board has acknowledged the audit findings and is implementing measures to improve operational conditions and protect shareholder interests.

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Full Translation

AI Translation· azure_openai

Securities Code: 300108

Securities Abbreviation: *ST Jiyang

Announcement Number: 2025-073

Jiyang Holding Group Co., Ltd. (hereinafter referred to as "the Company" or "Jiyang Holding") has engaged Beijing Dehao International Accounting Firm (Special General Partnership) as the auditing institution for the Company's 2024 financial statements. Beijing Dehao International Accounting Firm (Special General Partnership) has issued an audit report for the Company's 2024 financial report with no opinion expressed.

According to the relevant regulations of the China Securities Regulatory Commission, including the "Guidelines for the Content and Format of Information Disclosure by Companies Issuing Securities No. 2 - Content and Format of Annual Reports," "Rules for the Disclosure of Information by Companies Issuing Securities No. 14 - Handling of Non-standard Audit Opinions and Related Matters," and the "Shenzhen Stock Exchange GEM Listing Rules," the Company's board of directors provides the following explanation regarding the matters involved in the no opinion expressed:

1. Basic Opinion of the Certified Public Accountant on the Matter

To all shareholders of Jiyang Holding Group Co., Ltd.:

  1. No Opinion Expressed
    We have been entrusted to audit the financial statements of Jiyang Holding Group Co., Ltd. (hereinafter referred to as "Jiyang Holding Company"), including the consolidated and parent company balance sheets as of December 31, 2024, the consolidated and parent company income statements, consolidated and parent company cash flow statements, consolidated and parent company statements of changes in equity, and related financial statement notes. We do not express an audit opinion on the attached financial statements of Jiyang Holding Company. Due to the significance of the matters described in the "Basis for No Opinion Expressed" section, we were unable to obtain sufficient and appropriate audit evidence to serve as a basis for expressing an audit opinion on the financial statements.

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