Summary by Futu AI
BC Technology Group Limited, now OSL Group Limited, announced its interim results for the six months ended June 30, 2024. The revenue of its digital asset and blockchain platform business under International Financial Reporting Standards was HKD 1.238 billion, a 17.7% increase YoY. The loss from its continuing operations decreased significantly by 90.2% from HKD 98.9 million in the same period last year to HKD 9.6 million. The interim results are unaudited but have been reviewed by the audit committee. The Group's main business is digital asset and blockchain platform business. in January 2024, it changed its name to OSL Group Limited. The Group completed the sale of its subsidiary Shanghai Jingwei, which operated commercial park management services in Mainland China, in the first half of 2024. The company was included in the MSCI Hong Kong Index in May 2024. The board of directors announced that no interim dividend would be distributed. On August 5, 2024, Mr. Cui Song was appointed as chief executive officer, while Mr. Pan Zhiyong will focus on the company's strategy and board governance.