KWG Living Group Holdings Limited (HK:3913) has released an update.
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KWG Living Group Holdings Limited has reported a modest revenue increase of 1.9% for the first half of 2024, reaching RMB1.923 billion, but this was offset by a decrease in both gross profit by 5.4% and profit by 14.3% compared to the same period in 2023. Concurrently, the company announced a change in leadership, appointing Mr. WANG Zhongqi as the new CEO, succeeding Mr. WANG Jianhui effective from 29 August 2024.
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