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FINELAND LIVING: ANNUAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
FINELAND LIVING (09978.HK) expects an annual net loss of over 73 million yuan.
Gelonghui, on March 21, announced that FINELAND LIVING (09978.HK) expects an unaudited net loss exceeding 73 million yuan for the fiscal year ending December 31, 2024, compared to an audited net loss of approximately 57.1 million yuan for the previous year. The expected net loss is primarily due to the following factors: 1) impairment losses on financial assets and non-financial assets (including trade receivables, receivables from subsidiary companies, related party receivables, and goodwill), expected to exceed approximately 90 million yuan; and 2) a decrease in total revenue of no less than 50 million yuan.
Express News | Fineland Living Services Group Ltd - Expects Net Loss to Exceed RMB73 Mln for 2024
FINELAND LIVING: INSIDE INFORMATION PROFIT WARNING
FINELAND LIVING (09978.HK): Fang Ming has been re-appointed from Non-Executive Director to Executive Director.
On March 17, Glonghui announced that FINELAND LIVING (09978.HK) has made the following changes: 1. Mr. Fang Ming has been transferred from non-executive director to executive director and will continue to serve as the chairman of the Board of Directors. 2. Mr. Han Shuguang will no longer serve as the CEO and will continue to be an executive director. 3. Mr. Sun Ligong has been appointed as the executive director and CEO, effective from March 17, 2025.
Express News | Fineland Living Services Group - Han Shuguang Has Ceased to Act as Chief Executive Officer