Central China New Life Addresses Reporting Delay

Central China New Life Ltd. (HK:9983) has released an update.

Central China New Life Limited has informed its stakeholders of additional information to its corporate governance report for 2023, addressing the delay in publishing annual results due to challenges in acquiring necessary financial information from CCRE. The delay was attributed to waiting for CCRE’s audited financial statements amid a deteriorating real estate sector. To mitigate future delays, the company has implemented new measures including regular meetings with CCRE, establishing a committee for overseeing receivables, and enhancing monitoring and assessment practices.

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