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AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN : DISCLAIMER OF OPINION

Amended Announcements
Please refer to the earlier announcement reference number: GA1-16112022-00060

CHINA AUTOMOBILE PARTS HOLDINGS LIMITED

Type Announcement
Subject AUDIT REPORT - MODIFIED OPINION / MATERIAL UNCERTAINTY RELATED TO GOING CONCERN
DISCLAIMER OF OPINION
Description
CHINA AUTOMOBILE PARTS HOLDINGS LIMITED ("CAP" OR "THE COMPANY")

AUDIT REPORT - DISCLAIMER OF OPINION ON THE AUDITED FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 JUNE 2022

We refer to the Company's  announcement dated 11 November 2022, the Company wishes to further announce that the Group is taking the following measures to mitigate the existence of material uncertainty on going concern and its obligations falling within the next 12 months which include, amongst others:

  1. The Board has been actively attempting to secure a new white knight for CAP; and
  2. The Company will submit an appeal on 16 November 2022 for further extension of time until 30 June 2023 for the Company to submit a regularization plant to the regulatory authorities.

Please refer to the announcement attached for further information.

 

Barring any unforeseen circumstances, the Company expects to resolve the abovementioned issues relating to the qualified opinion in the coming financial year.

 

This announcement is dated 21 November 2022.

 




Please refer attachment below.



Announcement Info

Company Name CHINA AUTOMOBILE PARTS HOLDINGS LIMITED
Stock Name CAP
Date Announced 21 Nov 2022
Category General Announcement for PLC
Reference Number GA1-21112022-00026