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SUNFONDA GP (01771.HK) will hold a Board of Directors meeting on March 26 to approve the annual performance.
Gelonghui, March 14 - SUNFONDA GP (01771.HK) announced that the Board of Directors will hold a meeting on March 26, 2025, to approve the annual performance announcement of the company and its subsidiaries for the year ending December 31, 2024, and to consider the proposal for a final dividend distribution, if any.
SUNFONDA GP (01771.HK) issues a profit warning: expecting a loss of approximately 0.213 billion yuan for the year 2024 attributable to the parent company's shareholders.
On March 12, Gelonghui reported that SUNFONDA GP (01771.HK) announced it expects the group to record an unaudited loss attributable to the parent company owners of approximately RMB 0.213 billion for the fiscal year ending December 31, 2024, while it recorded a profit attributable to the parent company owners of RMB 11.9 million for the fiscal year ending December 31, 2023. The main reason for the expected change from profit to loss is the impact of the macroeconomic environment and the competitive landscape in the Autos Industry.
Express News | Sunfonda Group - Loss Due to Decreased Profitability of New Car Sales
Express News | Sunfonda Group - Expects Unaudited Loss Attributable of RMB213 Mln for 2024
SUNFONDA GP (01771.HK) plans to sell all equity of Xi'an SUNFONDA Logistics Development for 81.92 million yuan.
On March 10, 2023, GELONGHUI reported that SUNFONDA GP (01771.HK) announced that on March 10, 2025, the sellers (Shaanxi SUNFONDA HUIXIANG, Shaanxi SUNFONDA JUNMEI, Peking SUNFONDA BOAO, Shaanxi SUNFONDA SHANGZHONG, Shaanxi SUNFONDA YINGBIN, Yan'an SUNFONDA BOAO, and SUNFONDA Hong Kong) (all of which are indirect wholly-owned subsidiaries of the company) signed an Equity Transfer Agreement with the buyer, Xi'an Zhongyu Real Estate Co., Ltd. (an independent third party). According to this agreement, the buyer conditionally agrees to acquire and the sellers conditionally agree to sell all the equity of the target company Xi'an SUNFONDA JINGHE Logistics Development Co., Ltd. for a total consideration of RMB 81.92 million.
Sunfonda gp (01771.HK) appointed Liu Qiming as an independent non-executive director.
Kreong Hui November 22nd | Sunfonda Group (01771.HK) announced that Mr. Song Tao has resigned as an independent non-executive director of the company, as well as the chairman of the company's remuneration committee, audit committee, and nomination committee, effective November 22, 2024. The board of directors further announced that Mr. Liu Qiming has been appointed as an independent non-executive director of the company, as well as the chairman of the company's remuneration committee, audit committee, and nomination committee, effective November 22, 2024.
