Summary by Futu AI
Champion Group Holdings Limited (Champion Group) issued a supplementary announcement on August 20, 2024, mentioning the annual report for the financial years ended on December 31, 2022 and 2023. The 2022 annual report shows that the company still has approximately RMB 7.3 million of unused income, which was originally planned to be used to expand the production capacity of prefabricated concrete components before December 2023. However, due to the unsatisfactory performance of prefabricated concrete component business in the fiscal year 2023, Champion Group has decided to postpone the expansion plan. The 2023 annual report shows that as of December 31, 2023, the company still has approximately RMB 6.5 million of unused income, which is expected to be used before December 2025. The announcement was made by the Chairman and Executive Director, Yip Chi Kit of Champion Group.