The Zhitong Finance App learned that Weihong Group Holdings (03321) rose more than 18% in the afternoon, then turned down in volume at the end of the session. The decline increased by more than 60%, and the amplitude increased by more than 80% throughout the day. As of press release, it decreased by 66% to HK$0.255, with a turnover of HK$57.1221 million.

According to the news, Weihong Group Holdings announced that the Group expects a net loss of approximately MOP 27.8 million for the year ended December 31, 2023, and a net loss of approximately MOP 70.6 million in 2022. The expected net loss is mainly due to the Group's administrative expenses of around MOP 42.4 million in the reporting year, while the Group's administrative expenses in the previous year were approximately MOP 31.7 million.

It is worth noting that on March 18, Chen Guanqi sold 48.56 million common shares of Weihong Group Holdings, worth about HK$334.141,000; on March 22, Chen Guanqi once again sold 31.4325 million common shares worth about HK$23.7598 million. The holding ratio fell from 18.22% to 2.36%.