Zhitong Finance App News, China Pay Connect (08325) issued an announcement. On the date of this announcement, the Group mainly operates prepaid cards and internet payment services in China. Since the date of suspension of trading of the Company's securities and up to the date of this announcement, the Group has carried out its business operations as usual in all major aspects, and will continue to closely monitor its financial situation and business operations.
As of the date of this announcement, the Board hereby provides an update on the progress of the 2023 full-year results review: (a) The Company and bondholders have not reached any settlement or repayment plans for the bonds, nor have any actual fund-raising opportunities been generated and formulated. Nevertheless, the company has prepared and is implementing cash flow forecasts for the Group's continuing operations based on the current situation, and will submit them to the auditors for review. (b) Rome and the Company are implementing the valuation and impairment assessment of the Group's banking information interests in Shanghai and will submit them to the auditors for review. (c) A number of confirmations relating to loans receivable and bonds payable have not been received from relevant parties, and the auditors have not completed the relevant review procedures.
Trading of the company's shares continues to be suspended.