Link: https://links.sgx.com/1.0.0/corporate-announcements/1Q7C3LWDSEY52EBG/d55e32e2942806c8d45553d1e52e82ce9094a3bf7ea5244c41618fd5a930c8c7

Summary: VCPlus Limited's independent auditor, Nexia Singapore PAC, has raised concerns about the company's ability to continue as a going concern in their report for the financial year ended December 31, 2024. This is due to the Group's net loss of S$2,281,000 and net cash used in operating activities of S$960,000 during the financial year, as well as net current liabilities of S$857,000 for the Group and S$1,043,000 for the Company as of December 31, 2024. The auditor notes that the company's ability to continue as a going concern is dependent on securing additional funding from investors and receiving continued financial support from a director.