CHINA NEW HLDGS (08125) announced that the group's core operations currently include design, renovation, and engineering services, procurement of furniture and related products, leasing of construction equipment with installation services, wine procurement and marketing, as well as financial services such as securities advisory, trading and brokerage, asset management, and money lending. To create value and returns for the company and its shareholders, CHINA NEW HLDGS is actively seeking growth opportunities in high-potential sectors, particularly in the development and marketing of smart software and digital marketing services.

Given the substantial and growing demand for digital marketing services in China, coupled with the rapid expansion of the country's digital economy, the company is evaluating the establishment of a wholly-owned subsidiary in Shenzhen. This new entity would focus on developing and marketing smart software while providing digital marketing services. The initiative is expected to open new revenue streams for the group and enhance its brand influence and market competitiveness in China.

Upon completion of its assessment, the group will allocate necessary resources to support business development while ensuring compliance with applicable laws and regulations. The board believes these strategic moves will leverage the group's resources, tap into new market opportunities, strengthen competitiveness, and generate sustainable value for shareholders, aligning with the overall interests of the company and its stakeholders.