China Vered Clarifies Fund F Audit Qualifications

China Vered Financial Holding Corporation Limited (HK:0245) has released an update.

China Vered Financial Holding Corporation Limited has provided additional information to its 2023 Annual Report concerning an audit qualification related to their investment in Fund F, managed by an entity in the Cayman Islands. The company clarified that the fair value loss was due to management fees, fund expenses, and investment losses, and added context about a related independent investigation. Despite these issues, the company’s Audit Committee supports the management’s position that these matters did not affect the opening balance of the consolidated financial statements for 2023.

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