Financial Position - The company has reported a total amount of approximately HKD 170 million in trade receivables and prepayments as of March 31, 2024, with a provision of 20% leading to a net amount of approximately HKD 135 million, representing about 12% of the company's net assets [17]. Audit Issues - The company is currently in communication with its auditor regarding the annual audit, which has been delayed due to unresolved audit opinions on the recoverability of certain receivables and going concern issues [6]. - The auditor has suspended the audit work due to concerns over unpaid audit fees, which may affect the independence of the audit report [11]. - The expected date for the publication of the annual performance announcement is still under discussion with the auditor [7]. - The company has not disclosed any other audit-related issues that would cause further delays in the annual performance announcement [19]. Legal Matters - The company has taken legal measures to recover payments from Energy Technology, which is required to refund USD 10.7 million and RMB 78,182,985 as per a civil ruling [12]. - Energy Technology has indicated it will ensure refunds are made by July 10, 2024, which will help the company secure sufficient cash flow to cover audit costs [12]. Governance - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure [21]. Performance Announcement - The company aims to publish its annual performance announcement as soon as it can recover the receivables and pay the audit fees [18]. - The company has completed the preparation of its consolidated financial statements and provided all necessary materials for the audit [18].
和嘉控股(00704) - 2024 - 年度业绩