Baby formula maker Bubs, the subject of a bitter board split, will write down up to $25 million worth of inventory after its goods piled up in China.

China distributors had five years’ worth of tins stowed in warehouses, Bubs said on Friday, and had failed to take contracted amounts of formula from the Australian company. Bubs also wants to axe a joint venture to supply goat infant formula under its namesake brand in China.