On December 24, Guo Longhui announced that XINYI SOLAR (00968.HK) will change the presentation currency of its audited consolidated financial statements from Hong Kong dollars to Renminbi, effective from the year ending December 31, 2024. This change has been approved by the Board of Directors after considering the recommendations of the Board of Directors' audit committee.
The change in presentation currency aims to reflect that most of the business transactions conducted by the group are settled in Renminbi, and that most of the group's business and Assets are located in China. This change has no significant impact on the group's financial condition.