KONG SUN HOLD (00295) expects a net loss of approximately 200 million to 240 million yuan in 2025.

KONG SUN HOLD (00295) announces that the group is expected to incur a net loss of approximately RMB 200 million to RMB 240 million for the fiscal year ending December 31, 2025, compared to a continued operating net loss of approximately RMB 387 million for the fiscal year ending 2024. Additionally, the fair value of the investment in 1.075 billion shares of BANKOFJINZHOU Co., Ltd. (classified as financial assets measured at fair value through other comprehensive income under Hong Kong Financial Reporting Standards) is expected to decrease by approximately RMB 114 million. The expected decrease in annual losses is mainly due to the following factors: 1. a reduction in administrative expenses of approximately RMB 50 million; 2. a decrease in losses from equity associates of approximately RMB 80 million; 3. a decrease in other losses of approximately RMB 20 million due to a reduction in liabilities related to several minor litigation claims. The expected decrease in the fair value of investments is attributed to the following factors: 1. The company and its auditors were unable to obtain the necessary valuation of the shares of BANKOFJINZHOU from publicly available information or private sources during the annual audit process; 2. The restructuring and delisting of BANKOFJINZHOU, along with a lack of liquidity and impairment of shareholders' economic interests, have heightened uncertainty regarding the investment.