GOME Retail Holdings Limited, a company incorporated in Bermuda, has announced a quarterly update regarding its efforts to address an auditor's disclaimer of opinion on its consolidated financial statements for the fiscal year ended December 31, 2024. The disclaimer was due to multiple uncertainties related to the company's ability to continue as a going concern. As part of its action plan, the company is negotiating a debt-to-equity swap of approximately RMB537 million with two major suppliers and is in the process of selling properties in Shanghai, Xi'an, and Chengdu to improve its capital structure. As of the announcement date, no definitive agreements have been reached. The board of directors, led by Executive Director Zou Xiao Chun, is committed to resolving the issue and will update shareholders and potential investors as progress is made.
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