JH Group terminates the issuance of stocks to specific objects

JH Group announced the termination of the issuance of shares to specific objects. The relevant proposal was approved at the board of directors and supervisory board meeting on March 26, 2025. In the fourth quarter of 2024, the company's operating income was approximately 1.473 billion yuan, a year-on-year increase of 2%; net profit was approximately 145 million yuan, a year-on-year increase of 35%. The company has repaid approximately 323 million yuan of principal and interest on previous convertible bonds, and the debt-to-asset ratio has decreased to 38.91%. Considering the market financing environment and its own development plan, the company has decided to terminate this issuance and will ensure business development through optimizing capital operations