0001185185-26-001417
SEC filingFiscal year 2025 presented significant challenges as the Company focused on capital management to safeguard its ability to continue as a going concern. Management prioritized maintaining an optimal capital structure and compliance with financial covenants to sustain operations.
The fiscal year 2025 was defined by a rigorous focus on capital management and liquidity preservation. The Group’s objectives when managing capital are explicitly focused on safeguarding its ability to continue as a going concern in order to provide returns for shareholders and benefits for other stakeholders. This strategic priority underscores the operational environment, where maintaining an optimal capital structure to enhance shareholders’ value in the long-term has become a central management activity. The Group’s capital management framework is designed to ensure the Group remains compliant with the financial covenants attached to interest-bearing bank borrowings, including specific capital structure requirements.
Despite the challenging financial environment, the Company maintains its market presence. During this time, the Company expects that its ADSs will continue to be listed and traded on the Nasdaq Capital Market. This expectation provides context regarding the Company's operational continuity and its standing with the exchange. Management continues to navigate the complexities of the current financial landscape, with a stated focus on long-term value creation and stakeholder benefits.