康大食品(00834) - 2025 - 年度业绩

Announcement Overview Purpose and Background This section provides a quarterly update on the company's action plan addressing the auditor's going concern disclaimer for the FY2024 financial statements - This announcement provides a quarterly update on China Kangda Food Company Limited's action plan regarding the auditor's disclaimer of opinion on its going concern for the FY2024 financial statements[2] Progress of Action Plan Implementation Maintaining Close Relationships with Lenders The company secured a new loan post-reporting period, demonstrating strong relationships with lenders New Loan Information | Metric | Amount (RMB) | Date | | :--- | :--- | :--- | | Loan Amount | 95.5 million | June 30, 2025 | Status of Related Party Loans Two matured related party loans await renewal, with lenders intending extensions and a commitment to refrain from legal action during negotiations Related Party Loan Renewal Progress | Metric | Amount (RMB) | Maturity Date | Renewal Status | Tentative Extension Date | | :--- | :--- | :--- | :--- | :--- | | Loan 1 | 36.67 million | April 22, 2025 | Not yet renewed | On or about September 30, 2025 | | Loan 2 | 2.323 million | April 22, 2025 | Not yet renewed | On or about September 30, 2025 | - Related party lenders expressed intent to extend loan agreements, with key terms (interest rate and tenure) still under confirmation[3] - Lenders committed not to initiate any legal proceedings or winding-up petitions against the company during loan extension agreement negotiations[3] Alternative Financing Sources The company actively seeks alternative financing and will announce potential agreements in accordance with listing rules - The company is seeking alternative financing sources and will publish announcements in accordance with listing rules upon reaching any term sheets, letters of intent, or definitive agreements[3] Enhancing Operational Efficiency The Group actively enhances capacity and efficiency across segments through cold storage and food processing facility expansions Processed Food Segment Cold storage system expansion for the processed food segment is expected by September 2025 to resolve capacity bottlenecks - The cold storage system expansion plan for the processed food segment is expected to be completed by September 2025, aiming to address capacity bottleneck issues[3] Chilled and Frozen Chicken Segment New cold storage facilities for chilled and frozen chicken were completed in May 2025 and operational by June, boosting processing capacity - New cold storage facilities for the chilled and frozen chicken segment were completed in May 2025 and commenced operations from June 2025[7] Chilled and Frozen Rabbit Meat Segment The company plans to invest in expanding rabbit meat food processing facilities in 2025, with completion expected by October - The chilled and frozen rabbit meat segment plans to invest in expanding food processing facilities in 2025, with completion expected by October 2025[7] Cost Control Measures The company saved approximately RMB 4 million since implementing budget evaluation and expenditure control systems in March 2025 Effectiveness of Cost Control | Metric | Amount (RMB) | Implementation Date | As of Date | | :--- | :--- | :--- | :--- | | Savings | 4 million | March 2025 | June 30, 2025 | Subsequent Announcements and Board Information Commitment to Subsequent Announcements The company commits to timely issuing further announcements to update stakeholders on the action plan and related party loan progress - The company will timely publish further announcements to inform shareholders and potential investors about the latest progress of the action plan and related party loans[4] Board Members This section lists the executive and independent non-executive directors as of the announcement date - As of July 30, 2025, executive directors include Ms. Lang Ying, Mr. Gao Yanxu, and Mr. An Fengjun; independent non-executive directors include Mr. Hua Shi, Ms. Li Ying, and Mr. Wang Cheng[6]