TAIHE M-FIN further delays the publication of the 2024 annual performance
TAIHE M-FIN announced that it will further delay the release of its 2024 annual results, as it needs to organize and provide more information for the auditor's review, including the recoverability of receivables and loans, impairment loss recognition, and the audit procedures for unauthorized guarantees provided for loans to the controlling shareholder and its affiliates
According to the Zhitong Finance APP, TAIHE M-FIN (01915) announced that it will further delay the publication of its 2024 annual performance. The company is organizing and providing additional information for the auditors regarding (including) the recoverability of certain receivables and accounts, the recognition of impairment losses on certain receivables and accounts, certain unauthorized guarantees provided by the group's controlling shareholder Jiangsu Baitai Group Co., Ltd. and its affiliated companies (the total amount of which remains to be confirmed as of the date of this announcement), and the audit procedures required for the assessment of the group's ability to continue as a going concern
