According to the latest data from the Hong Kong Stock Exchange, on October 8, a shareholder of Gaoyu Finance (08221) transferred shares from BOCI Securities to Heng Tai Securities, with a transfer value of HK$6.2749 million, representing 10.06% of the company's shares.
Gaoyu Finance announced that Mr. Huo Yutang has resigned from his position as executive director due to health reasons and will no longer serve as chairman of the board, member of the board remuneration committee, and member of the board nomination committee, effective August 1, 2025. Executive director Xie Qingchun has been appointed as chairman, effective August 1, 2025.
The company's annual results for the year ended March 31, 2025 showed total revenue of HK$30.491 million, an increase of 29.25% year-on-year. Loss attributable to shareholders was HK$12.907 million, compared to a profit attributable to shareholders of HK$8.887 million in the same period last year, representing a shift from profit to loss. Basic loss per share was 29.28 HK cents.