Kafelaku Coffee Holding Ltd. Publishes Audited Financial Results for the Year Ended 31 December 2024
Reuters
Aug 01
Kafelaku Coffee Holding Ltd. Publishes Audited Financial Results for the Year Ended 31 December 2024
Kafelaku Coffee Holding Ltd. has released a supplemental announcement related to its audited financial results for the fiscal year ending 31 December 2024. The company, incorporated in the Cayman Islands, disclosed that its executive directors, including Chairman Leung Ka Wai, have been engaged in efforts to ensure the Group's financial stability. The announcement highlights that despite the current inability to satisfy auditors' requests for proof of additional financing receipt from Guangzhou Kafelaku, the company remains optimistic about securing necessary funding within the next twelve months. The Audit Committee has obtained a signed letter of support from Mr. Liang, ensuring adequate financial backing to meet obligations. Measures have been formulated to mitigate liquidity pressures and improve the Group's financial position, including continuous financial support from the controlling shareholder.
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