Zhī tōng Cái jīng APP news, Hua Fang Group (03611) issued an announcement that the controlling shareholder of the company, Songcheng Performance Development Co., Ltd., is a Shenzhen Stock Exchange A-share listed company (300144.SZ)(Songcheng Performance Development), and currently holding about 35.35% of the total number of shares issued by the company as of the date of this announcement.
The company noticed that Songcheng Performance Development issued an announcement on June 6, 2024 (Songcheng Performance Development Announcement), which included predictions of several financial data of the Group for the five fiscal years ending on December 31, 2028 (including revenue growth rate, gross margin, sales expense ratio, administrative expense ratio, and research and development expense ratio)(financial estimates). According to the Songcheng Performance Development Announcement, the company provided financial forecasts based on the long-term equity investment impairment provision disclosure in response to inquiries from the Shenzhen Stock Exchange.
The company hereby emphasizes that the financial estimates have not been audited or reviewed by the company's external auditors or review committee. Shareholders of the company are not allowed to overly rely on financial estimates to make any investment decisions, and the company will not be liable for any losses incurred due to the excessive use or reliance on financial estimates. The company will issue its semi-annual preliminary performance announcement, annual preliminary performance announcement, interim report and annual report, as well as the latest information on the financial performance of the Group in accordance with the Listing Rules of The Stock Exchange of Hong Kong Limited (the Exchange).
The Songcheng Performance Development Announcement contains forward-looking financial estimates of the Group. Forward-looking information involves risks and uncertainties that may have a significant impact on expected performance in the future. Therefore, the financial performance of the Group may differ from what is stated in the forward-looking statements (including financial estimates) in the Songcheng Performance Development Announcement. In view of the related risks and uncertainties, the forward-looking information in the Songcheng Performance Development Announcement shall not be regarded as statements made by the board of directors or the company that the plans and objectives can be achieved.
In addition, the company's shares will continue to be suspended.