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Liquidity risk
12 Months Ended
Dec. 31, 2025
Liquidity risk

7. Liquidity risk

 

Liquidity risk is the risk that the Company does not have sufficient financial resources to meet its obligations as they fall due, or will have to do so at an excessive cost. This risk arises from mismatches in the timing of cash flows which is inherent in lending operations and can be affected by a range of Company-specific and market-wide events.

 

Liquidity risk management

 

As of December 31, 2025, the Company did not have funds obtained from banking financial institutions.

 

As all loans receivable of the Company are credit impaired, the Company is facing significant liquidity issue. Obligations to loans payable, State Taxation Administration, employees and service providers are all over due.