XINJIANG TIMES GROUP LIMITED (FORMERLY JIAMIN GROUP LIMITED) ANNOUNCES ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023. In the year, Group revenue increased 28.4% year-on-year to HK$278.5 million, mainly due to social distancing measures easing and immigration policy changes. The loss for the year decreased to HK$6,618 million, a significant decrease from the previous year's HK$23,000. At the Extraordinary General Meeting held on 22 February 2024, the Group approved the change of the company's English name from “Jia Group Holdings Limited” to “XinXiang Era Group Company Limited” and the Chinese name from “Jiamin Group Limited” to “Xinjiang Era Group Limited”, effective from 29 February 2024. In addition, the Group carried out a share merger on 25 March 2024, in which each two existing...Show More

XINJIANG TIMES GROUP LIMITED (FORMERLY JIAMIN GROUP LIMITED) ANNOUNCES ITS ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2023. In the year, Group revenue increased 28.4% year-on-year to HK$278.5 million, mainly due to social distancing measures easing and immigration policy changes. The loss for the year decreased to HK$6,618 million, a significant decrease from the previous year's HK$23,000. At the Extraordinary General Meeting held on 22 February 2024, the Group approved the change of the company's English name from “Jia Group Holdings Limited” to “XinXiang Era Group Company Limited” and the Chinese name from “Jiamin Group Limited” to “Xinjiang Era Group Limited”, effective from 29 February 2024. In addition, the Group carried out a share merger on 25 March 2024, in which each two existing shares were merged into one consolidated share. The Company entered into a purchase and sale agreement with Central Army Group Co., Ltd., on December 4, 2023, which became the company's controlling shareholder, and completed the mandatory unconditional cash agreement on February 9, 2024. Changes to the Board include the appointment of Mr. Kong Ling Lei as an Executive Director on 9 February 2024, the appointment of Mr. Liu Yun Yu as a Non-Executive Director and Chairman of the Board, as well as other director appointments and resignations.