Global Strategic Group Limited (the “Company”) announces unaudited interim results for the six months ended 31 March 2024. During the period, the Company's revenue increased to approximately HK$109,660,000 from approximately HK$83,551,000 in the same period last year, mainly driven by growth in the natural gas business segment. However, the Company recorded a loss of approximately HK$7,022,000 for the same period, a decrease from a loss of approximately HK$15,406,000 in the same period last year. The Directors of the Company have given careful consideration to the continued operation of the Group and have received a commitment of continued financial support from Mr. Wu Kwok Ming and Mr. Wang Wenzhou. In addition, the Company entered into a distribution agreement with the sales agent...Show More

Global Strategic Group Limited (the “Company”) announces unaudited interim results for the six months ended 31 March 2024. During the period, the Company's revenue increased to approximately HK$109,660,000 from approximately HK$83,551,000 in the same period last year, mainly driven by growth in the natural gas business segment. However, the Company recorded a loss of approximately HK$7,022,000 for the same period, a decrease from a loss of approximately HK$15,406,000 in the same period last year. The Directors of the Company have given careful consideration to the continued operation of the Group and have received a commitment of continued financial support from Mr. Wu Kwok Ming and Mr. Wang Wenzhou. In addition, the Company entered into a distribution agreement with the sales agent on March 5, 2024, but terminated the agreement with the distribution agent on April 22 due to market conditions. The Company also signed a Memorandum of Understanding (MoU) later in the reporting period regarding potential cooperation with its electric vehicle charging pile business and meat product sales. In addition, the company's 25% stake in Yichang Standard was frozen, but day-to-day operations were not affected. The company will continue to focus on the impact of the economic recovery on its business.