---
title: "Jiu Rong Advances Asset Sales and Refinancing to Address Going-Concern Audit Disclaimer"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276981094.md"
description: "Jiu Rong Holdings Limited (HK:2358) is addressing a going-concern audit disclaimer by pursuing asset sales, creditor negotiations, and refinancing. The company has sold 11 bus charging stations in Hangzhou to improve liquidity and is negotiating with major creditor Westlake Electronics for extensions and interest reductions. Additionally, it has secured renewals on approximately RMB82.3 million of borrowings, indicating progress in stabilizing its financial position. Jiu Rong operates in the new energy sector and relies on bank borrowings and supplier credit for its operations."
datetime: "2026-02-26T04:11:10.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276981094.md)
  - [en](https://longbridge.com/en/news/276981094.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276981094.md)
---

# Jiu Rong Advances Asset Sales and Refinancing to Address Going-Concern Audit Disclaimer

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Jiu Rong Holdings Limited ( (HK:2358) ) has shared an update.

Jiu Rong Holdings has issued a quarterly update on its action plan to address a disclaimer of opinion from its auditor, which raised material uncertainties about the Group’s ability to continue as a going concern. The company is pursuing asset disposals, creditor negotiations, and refinancing initiatives to shore up liquidity and mitigate these concerns.

To relieve cash pressure, the Group has completed the sale of 11 bus charging stations in Hangzhou, with shareholder approval obtained and asset handover under way, which is expected to bolster working capital. Management is also in active talks with its major creditor, Westlake Electronics, and key suppliers on extensions, interest reductions, and debt-to-asset swaps, while having secured renewals and extensions on about RMB82.3 million of interest-bearing borrowings, signalling incremental progress in stabilising its financial position.

**More about Jiu Rong Holdings Limited**

Jiu Rong Holdings Limited is a Hong Kong-listed company incorporated in the Cayman Islands, operating through a group structure that includes assets such as new energy bus charging stations and investment properties in mainland China. The Group relies on bank borrowings and supplier credit, making liquidity management and refinancing crucial to sustaining its ongoing operations and meeting financial obligations.

**Average Trading Volume:** 30,811,354

**Technical Sentiment Signal:** Sell

**Current Market Cap:** HK$65.66M

Learn more about 2358 stock on TipRanks’ Stock Analysis page.

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