Wealthy Way Group Ltd. (HK:3848) has released an update.
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Haosen Fintech Group Limited has issued a profit warning, anticipating a significant decrease in profit to not more than RMB8 million for the first half of 2024, compared to RMB20 million in the previous year. This expected decline is mainly due to an increase in the allowance for expected credit loss on loans and account receivables. Investors are urged to exercise caution when dealing with the company’s shares and to look out for the detailed interim financial results due by August 23, 2024.
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