Zhuguang Holdings Group Company Ltd. Releases Audited Financial Results for Year Ended 31 December 2024

Reuters
Jul 17
Zhuguang Holdings Group Company Ltd. Releases Audited Financial Results for Year Ended 31 December 2024

Zhuguang Holdings Group Company Ltd. has released a supplemental announcement regarding its financial results for the year ended 31 December 2024. The company has made progress in addressing the disclaimer of opinion previously set out in its annual report. Efforts to strengthen its financial position include the successful collection of over HK$17 million from five urban redevelopment projects and securing new contracts valued at over HK$27 million during the five months ended 31 May 2025. Additionally, the Group has implemented cost reduction measures, resulting in a streamlined workforce, reducing the number of employees from 642 to 599 by 30 June 2025. The announcement emphasizes that shareholders and potential investors should exercise caution when dealing in the company's shares. Further updates on these measures will be published as appropriate in compliance with the Listing Rules. The results are audited.

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