Ziyuanyuan Holdings Reports Impairment of Goodwill and Intangible Assets in Annual Report Update

Reuters

Jun 04

Ziyuanyuan Holdings Reports Impairment of Goodwill and Intangible Assets in Annual Report Update

Ziyuanyuan Holdings Group Ltd. has issued a supplemental announcement concerning accounting issues related to the impairment of goodwill and intangible assets, as well as finance lease receivables. The announcement follows the company's annual report dated March 31, 2025, for the year ending December 31, 2024. The board of directors, led by Chairman and CEO Zhang Junshen, clarified these financial impairments to provide additional transparency and compliance with the GEM Listing Rules. The announcement is available on the HKEXnews website and the company's official website.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ziyuanyuan Holdings Group Ltd. published the original content used to generate this news brief on June 04, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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The board of directors, led by Chairman and CEO Zhang Junshen, clarified these financial impairments to provide additional transparency and compliance with the GEM Listing Rules. The announcement is available on the HKEXnews website and the company's official website.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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