China International Holdings Receives Auditor's Disclaimer of Opinion for FY2024
Summary:
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Disclaimer Issued: On 25 March 2025, CLA Global TS Public Accounting Corporation, the independent auditor for China International Holdings Limited (CIHL), issued a disclaimer of opinion on the company's audited financial statements for the fiscal year ending 31 December 2024.
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Reason for Disclaimer: The disclaimer centers on an ongoing independent review concerning the disposal of CIHL's 50% equity interest in Beijing Kaiyuan Wanjia Management Consulting Company Limited. Initiated on 4 April 2023, this review remains incomplete, leaving its outcome uncertain. Consequently, the auditors were unable to determine the potential impact on CIHL's financial statements.
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Impact on Financial Statements: Due to the significance of the unresolved issues from the independent review, the auditors could not obtain sufficient appropriate evidence to form an opinion on CIHL's FY2024 financial statements.
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Prior Year's Disclaimer: A similar disclaimer of opinion was issued for CIHL's financial statements for the year ending 31 December 2023, indicating ongoing uncertainties related to the same matter.
Note: All information is sourced from China International Holdings Limited's announcement dated 25 March 2025.