New Xiang Era Group Limited (the "Company") announced its unaudited interim performance for the six months ended June 30, 2024, showing that the Group's revenue was approximately HKD 122.9 million, a decrease of approximately 13.9% compared to the same period in 2023 (HKD 142.8 million). The decrease in revenue was mainly due to a decline in the number of tourist arrivals in Hong Kong and the closure of a restaurant, "Agora", under the Group in October 2023. During the period, the Company's attributable net profit was approximately HKD 0.8 million, a decrease of approximately HKD 3.5 million compared to the same period last year (HKD 4.33 million). On February 9 and February 15, 2024, the Company made changes in the positions of the Chairman of the Board of Directors and the...Show More

New Xiang Era Group Limited (the "Company") announced its unaudited interim performance for the six months ended June 30, 2024, showing that the Group's revenue was approximately HKD 122.9 million, a decrease of approximately 13.9% compared to the same period in 2023 (HKD 142.8 million). The decrease in revenue was mainly due to a decline in the number of tourist arrivals in Hong Kong and the closure of a restaurant, "Agora", under the Group in October 2023. During the period, the Company's attributable net profit was approximately HKD 0.8 million, a decrease of approximately HKD 3.5 million compared to the same period last year (HKD 4.33 million). On February 9 and February 15, 2024, the Company made changes in the positions of the Chairman of the Board of Directors and the Chief Executive Officer. Mr. Liu Enyu was appointed as the Chairman of the Board of Directors, and Mr. Kong Linglei was appointed as the Chief Executive Officer. The Board of Directors believes that this management structure is effective in operation and can provide adequate checks and balances. As of the end of the reporting period, there were no significant events or major changes in the Group.