HARSON: 2024 annual performance commitment not fulfilled

HARSON announced that the company will cash acquire 45% equity of Suzhou Langkes and 55.2% equity of Jiangsu Langxun in 2024. The performance commitment net profit for Suzhou Langkes in 2024 is 51.4 million yuan, while the actual net profit is 46.9686 million yuan, achieving a completion rate of 91.38%. The performance commitment net profit for Jiangsu Langxun in 2024 is 8.28 million yuan, while the actual net profit is 0.4119 million yuan, achieving a completion rate of 4.97%. The company will pay the corresponding deduction amount or performance compensation after the end of 2025 based on the performance completion situation