Zhitong Finance App News, Associated Press Group (01200) issued an announcement relating to the Competition Tribunal's legal process. The company and some group member companies initiated judicial review proceedings against the Competition Commission on March 18, 2024 on the grounds that the Competition Commission denied them the opportunity to fully cooperate with the Competition Commission, which led to the denial of fair procedures. Meanwhile, the respondent in the Competition Tribunal's legal proceedings applied for permanent termination or withdrawal of the Competition Tribunal proceedings on the same day.

The company will continue to seek to protect and defend the legitimate interests of the company and its shareholders, and take every action to find fair and just solutions. The company will publish a separate announcement in due course. Currently, all aspects of the Group's business operations and financial situation remain normal.

With the elimination of demand management measures such as additional stamp duty, buyer stamp duty and new residential stamp duty, and the relaxation of mortgage measures, the Group will focus on gaining market share and maintaining profitability through efforts to implement strategies, enhance digital technology and prudent resource allocation. The Group will continue to enhance its competitive advantage to meet the challenges posed by the changing economic environment.