Summary by Futu AI
Oriental Selection Holdings Limited (the “Company”) announces its interim report for the six months ended 30 November 2023. The report showed that the company's total revenue reached RMB27.95 billion, an increase of 34.4% year-on-year. However, profit before tax and profit during the period decreased by 49.9% and 57.4%, respectively, to RMB3.78 million and RMB2.49 million. Basic earnings per share were RMB 0.25. The company's business mainly includes live broadcast business and online education services. In terms of live e-commerce, the company honors traditional Chinese culture by providing quality products and services, and wants to make life better for its customers. The Company also announced a proposal to divest its education business on 21 November 2023 and was approved at the Extraordinary General Meeting on 18 January 2024, but as of the date of the report, the sale has not been completed. The company's shares were listed on the Main Board of the Hong Kong Stock Exchange Limited on 28 March 2019.