<div id="readability-page-1"><div>** Shares of China Literature drop 8.2% to HK$40, on track for the biggest one-day pct fall since April 7, 2025** Stock on course to snap two straight sessions of gain** Chinese online literature and intellectual property incubation platform expects to record loss of 750-850 mln yuan ($108.5-$123.0 ml) for 2025, as compared to 209 mln yuan loss in 2024** Loss is mainly due to impairment of goodwill of about 1.8 bln yuan arising from the acquisition of New Classics Media in 2018 ** YTD, stock up 22.8%, while Hang Seng TECH Index down 0.1%($1 = 6.9107 Chinese yuan renminbi)</div></div>

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Shares of China Literature fell 8.2% to HK$40, marking the largest one-day percentage drop since April 2025. The company anticipates a loss of 750-850 million yuan for 2025, compared to a 209 million yuan loss in 2024, primarily due to a goodwill impairment of approximately 1.8 billion yuan from its 2018 acquisition of New Classics Media. Year-to-date, the stock is up 22.8%, while the Hang Seng TECH Index has decreased by 0.1%.

China Literature drops most in 10 months on wider loss outlook