SE Asia PPT (00252.HK) announced that the board of directors meeting originally scheduled for June 26th will be postponed to June 28th. The reason for the delay is that a subsidiary company engaged in stock brokerage and commodity futures trading is undergoing additional auditing work due to customer complaints. The complaint involves the transfer of funds by personnel of the subsidiary company from customer accounts. The above-mentioned funds have been returned to the customer's account and the complaint has been processed, but this has resulted in a larger scale of auditing of relevant documents than originally estimated. The company believes that the above-mentioned incident has no significant impact on financial performance or business operations.
In addition, the company expects to report a net profit of not more than 60 million yuan for the year ending at the end of March, mainly due to the net income confirmed by the joint venture company, offsetting the loss generated by the fair value changes of the holding investment property, compared with the net profit of approximately 30.5 million yuan in 2023.