Baofa Holdings(08532) issued an announcement. As of the date of this announcement, the company has provided the auditor with most of the material outstanding matters and information mentioned in the announcements.Although the draft of the audited financial statements has been prepared, the company still needs time to complete the publication version, and the auditor also needs time to conduct and complete its internal technical review procedures and a detailed review of the expected credit loss valuation of accounts receivable and contract assets, which may result in minor adjustments. Therefore, the company expects to publish its 2025 annual results and annual report on or before October 17, 2025.
The Group is mainly engaged in providing design and construction services for the Group's projects, namely development and design, structural calculations, construction drawings, identification and procurement of building materials, arrangement of logistics and installation works of building materials, project management and post-completion services. As at the date of this announcement, the Group continues to conduct its business in the daily and usual course of operation. The Group's existing projects, Jinshang Road and LP11, are operating normally, and about 1300 units are currently under construction.
The Group will continue to review existing business operations, monitor changes in market conditions from time to time, and actively explore new business opportunities with a view to diversifying revenue sources and enhancing shareholder value.
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