MIE Holdings Corporation Issues Supplemental Announcement on Audited 2024 Financial Results

MIE Holdings Corporation has released a supplemental announcement concerning its 2024 Annual Report. The announcement provides additional details regarding the impairment losses on assets, specifically related to the Daan Oilfield in the PRC, which is the Group’s single cash-generating unit. This restated information includes an explanation of the valuation methodology used for impairment assessment, focusing on the value in use (VIU) of the cash-generating unit. The report clarifies that the oil and gas properties, under a production sharing contract with China National Petroleum Corporation expiring in 2028, do not have alternative uses post-expiry. The supplementary disclosure aims to offer more insight to shareholders and potential investors, though it does not affect other information contained in the original 2024 Annual Report. The report has been reviewed and endorsed by the company’s executive director, Zhao Jiangwei. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. MIE Holdings Corporation published the original content used to generate this news brief on September 12, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here