Zhitong Finance App News, Yichen Group (08365) issued an announcement relating to the profit guarantee for the acquisition of Yabo Group International Limited. The seller guarantees that the comprehensive net profit after tax for a period of 1 year from the last day of the first profit guarantee period (November 1, 2022) must not be less than HK$5 million.

The Company hereby informs its shareholders and potential investors that Yabo Group International's performance is satisfactory, and that a net profit guarantee has been achieved according to Yabo Group International's management accounts for the second profit guarantee period.