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RONGZHONG FIN (03963.HK): Liao Zihui has been appointed as an independent non-executive Director.
Gelonghui, December 30丨RONGZHONG FIN (03963.HK) announced that Liao Zihui has been appointed as the company's independent non-executive Director, effective from December 30, 2024.
RONGZHONG FIN: Interim Report 2024/2025
rongzhong fin (03963.HK) issued and distributed 16.5 million shares due to the conversion of convertible stocks.
Gelonghui reported on December 3 that rongzhong fin (03963.HK) announced the issuance and allocation of 16.5 million new shares on December 3, 2024, due to the conversion of convertible bonds.
RONGZHONG FIN: ANNOUNCEMENT FOR THE UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2024
China Rongzhong Financial Expects to Swing to Loss in Fiscal H1
Rongzhong fin (03963.HK) expects a mid-term loss of approximately 3.44 million HKD.
Grall November 25th, rongzhong fin (03963.HK) announced that the profit for the period ended September 30, 2024 is expected to be a loss of about 3,438,000 Hong Kong dollars, compared with a profit of approximately 1,293,000 Hong Kong dollars in the same period last year. The board of directors believes that the expected loss is mainly due to the decrease in revenue during the reporting period. The decrease in revenue is mainly due to the decrease in income from debt collection services by the group, which is caused by the slowdown of the domestic economy in china, thereby affecting the repayment ability of debtors, leading to a decrease in the amount and duration of repayments, resulting in a decrease in income from successful recovery cases.
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