Weiye Holdings Ltd. recently published a supplemental announcement regarding its audited financial results for the year ended 31 December 2024. The company reported an impairment loss of RMB110 million on property, plant, and equipment, primarily due to challenges faced by its non-wholly-owned subsidiary, Yizheng Honglin Property Co., Ltd. The decision for this impairment arose from a difficult business environment in Yangzhou, combined with a lack of supportive government policies, making it challenging for the company to expand its operations. As a result, Weiye Holdings Ltd. opted not to invest further resources into Yizheng Honglin. An independent professional valuer, Royson Valuation Advisory Limited, was engaged in March 2025 to appraise the value-in-use of the cash-generating unit to support the impairment assessment. No changes were noted in the valuation method or assumptions from the appraisal date to the announcement date.