Glory Health Industry Ltd. Reports Progress on Debt Restructuring and Property Sales to Address Going Concern Issues

Glory Health Industry Ltd. has provided a quarterly update regarding its efforts to address the disclaimer of opinion issued by its auditors on the company’s consolidated financial statements for the year ended December 31, 2024. The disclaimer was prompted by concerns that the Group might not be able to realize its assets and settle its liabilities in the ordinary course of business. As part of its remedial actions, the company reported that the Xi’an Guorui Financial Center Building has been completed and is currently undergoing completion filing procedures. This development is expected to accelerate property sales and facilitate fund recovery, thereby helping to alleviate the company’s strained cash flow. Additionally, the company announced that a RMB1.314 billion loan from the Bank of Tianjin has been approved for extension. However, restructuring negotiations with other financial institutions and creditors are still ongoing. Glory Health Industry Ltd. reiterated its commitment to achieving debt restructuring, property sales, and asset disposal goals within 2025, in order to resolve its going concern issues. The company stated it will continue to provide timely updates regarding major progress on these matters as required by the relevant laws and regulations. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Glory Health Industry Ltd. published the original content used to generate this news brief on September 30, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here