According to the Zhitong Finance App, Chenxun Technology (02000) announced that the Group expects to obtain losses attributable to company owners of approximately HK$75 million to HK$0.105 billion (6 months ending June 30, 2023: approximately HK$50.4 million) in the six months ended June 30, 2024 (“first half of 2024”).

The board of directors believes that the main reason for the loss expected to be borne by the company owner in the first half of 2024 is: First, due to the sharp reduction in the fair value of the Group's investment properties in the first half of 2024, the valuation reduction caused operating losses. Second, due to the cancellation of several subsidiaries in the People's Republic of China in the first half of 2024, the exchange rate of RMB to the US dollar depreciated drastically in the first half of 2024 compared to the exchange rate when the subsidiary was established to remit the US dollar, causing tens of millions of exchange losses.

Shareholders are reminded that the company is still implementing changes in the fair value of the Group's financial assets and investment properties; and undertaking impairment assessments of certain current and non-current assets of the Group. After the fair value valuation and impairment assessment are finalized, the losses due to the owners of the above companies can be adjusted.