Green Leader Holdings Group Limited Issues Critical Updates on Going Concern Disclaimer

Key Points in the Announcement

• Ongoing Liquidity Pressures: The company continues to face liquidity challenges, which have led to a “Going Concern Disclaimer” in its annual report for the year ended 31 December 2025.
• Active Debt Negotiations: Tripartite meetings involving the Company, a Potential Investor, and the 2017 Noteholder are ongoing. Discussions focus on investment terms, full settlement of debts, repayment schedules for the 2017 Convertible Note, methods and security for repayments, and the form of investment provided by the Potential Investor.
• Upcoming Site Visit: The 2017 Noteholder is arranging a site visit to Henan Province, PRC, expected before the end of May 2026. This visit aims to assess the feasibility of the Potential Investor charging its projects as security for repayment obligations.
• Definitive Agreements Targeted: Parties aim to finalize definitive agreements by the end of 2026, which could have a significant impact on the company’s financial stability and future prospects.
• Extension of Convertible Notes: The Group is negotiating further extensions on the maturity date of the 2024 Convertible Notes, including finalizing terms and timetables for these extensions.
• Coal Business Performance: The coal mixing and processing facility in Shanxi Province, PRC, introduced in 2024, has generated steady revenue and net operating cash inflow. The Group is actively acquiring new customers, enhancing service quality, and implementing cost-saving measures to reduce overhead costs.
• New Financing Secured: During 2025, the Group obtained external facilities totaling HK\$6,850,000, which were fully settled. Facility providers have agreed to offer further financing as needed.

Important Information for Shareholders

• Ongoing discussions and negotiations regarding debt settlement and refinancing are crucial to the company’s ability to continue as a going concern.
• The outcome of planned definitive agreements by year-end 2026, and the feasibility of securing repayment obligations with project assets, could significantly impact the company’s financial position.
• Successful extension of the 2024 Convertible Notes and continued operational improvements in the coal business may help alleviate liquidity pressures.
• The company’s ability to secure further external financing demonstrates lender confidence but also underscores the need for ongoing liquidity support.
• Shareholders and potential investors are strongly advised to exercise caution when dealing in the company’s securities, given the uncertainty surrounding debt settlements and refinancing efforts.

Potential Price-Sensitive Factors

• Uncertainty regarding successful finalization of debt restructuring and refinancing agreements.
• Possible delays or failure to secure project assets as security for repayment obligations.
• Continued operational improvements and customer acquisition in the coal business may positively influence cash flows and investor sentiment.
• Future ability to obtain further external financing and its impact on liquidity.

Board Statement

The announcement was signed by Mr. Tse Michael Nam, Chairman and CEO, on behalf of the Board. As of the date of the announcement, the Board comprises two executive Directors (Mr. Tse Michael Nam and Ms. An Juan) and three independent non-executive Directors (Mr. Ho Kin Cheong Kelvin, Mr. Shen Weidong, and Mr. Tian Hong).

Investor Advisory

Shareholders and potential investors are advised to exercise caution when dealing in the securities of Green Leader Holdings Group Limited. The outcome of ongoing negotiations and the company’s liquidity position could materially affect share value.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult professional advisors before making any investment decisions. The information herein is based on company announcements as of 28 April 2026 and may be subject to change as further developments unfold.

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