LSH · Lakeside Holding Ltd

Substantial doubt about the company's ability to continue as a going concern.

“As of March 31, 2026, the Company had an accumulated deficit of approximately $8.1 million. For the nine months ended March 31, 2026, the Company incurred a net loss from continuing operations of approximately $3.5 million and the net cash used in operating activities from continuing operations was approximately $3.0 million. Losses have principally occurred as a result of the substantial resources required for general and administrative expenses associated with our operations. The continuation of the Company as a going concern is dependent upon the continued financial support from its external financing. The Company currently plans to fund its operations and support its ongoing acquisition projects mainly through cash flow from loans, issuance of notes and additional equity financing from outside investors, if necessary, to ensure sufficient working capital. However, there is no assurance that the Company will be successful in securing sufficient funds to sustain the operations. These factors, among others, raise the substantial doubt regarding the Company's ability to continue as a going concern.”