Litian Pictures says action plan can address auditor going-concern disclaimer of opinion

PUBT · 1d ago
Litian Pictures says action plan can address auditor going-concern disclaimer of opinion
  • Litian Pictures issued a supplemental statement addressing its auditor’s going-concern disclaimer for the 18 months ended June 30, 2025.
  • Management attributed the disclaimer to insufficient documentary evidence supporting planned remedial measures, not a change in its going-concern view.
  • Fundraising progress cited two placings: 72,000,000 shares at HK$ 0.2, net HK$ 14 million; 68,000,000 at HK$ 0.156, net HK$ 10.33 million.
  • Cash inflow plan also relies on drama distribution, script monetization, receivables collection, debt restructuring; trade receivables RMB 38.2 million, settled RMB 15.5 million.
  • Board said working capital is sufficient for the next 12 months; auditor indicated the disclaimer may not recur if plans execute.


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. Litian Pictures Holdings Ltd. published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260817-12286985), on August 17, 2026, and is solely responsible for the information contained therein.