Financing and Debt Management - The company has reached a consensus with bondholders to negotiate the repayment of bonds and bank loans[7]. - The fair value of pledged assets for bank loans is approximately HKD 234 million, exceeding the outstanding bank loans[7]. - The company is seeking alternative financing using its Lijiang property, valued at approximately RMB 670 million (equivalent to HKD 737 million)[7]. - If alternative financing is not secured by October 2024, the company will begin selling the Lijiang property to repay bonds and bank loans[7]. - The company is actively negotiating with banks for the renewal or extension of bank loans[5]. - The company is seeking additional financial support through loans or issuing new equity or debt securities[5]. Operational Viability - The audit committee agrees with management's assessment that the company has the ability to continue as a going concern[8]. - The auditor has issued a disclaimer of opinion regarding the consolidated financial statements due to uncertainties related to going concern[3]. - The board believes that the assumptions and plans outlined in the financial statements are appropriate for preparing the consolidated financial statements[5]. Cash Flow and Efficiency Improvement - The company plans to implement measures to improve cash flow and operational efficiency, including monitoring administrative expenses[5].
先机企业集团(00176) - 2023 - 年度业绩