GAPACK's net profit last year was RMB 278 million, an increase of 14%, and a final dividend of HKD 0.22 was declared

GAPACK (00468.HK) announced its annual results for the year ended last December, prepared on a discontinued consolidated basis, with operating revenue of RMB 2.253 billion, a year-on-year decrease of 12.9%. The net profit was RMB 278 million, a year-on-year increase of 14%. The board of directors proposed a final dividend of HKD 0.22 per share, which will be paid out of the company's distributable profits and share premium account for the fiscal year 2024.

The company stated that at the beginning of 2024, its previous board announced a restructuring, which involved subscribing to limited partnership interests in Future Strategy Investment Fund Limited Partnership and the sale of the group's international business holding company, Greatview Holdings International Limited. According to preliminary results of the investigation, the board, after considering applicable accounting standards, indicated that the financial performance of Greatview Holdings and its subsidiaries should be discontinued from the group's consolidated accounts after the completion of the restructuring on January 25, 2024.

GAPACK's shares will be suspended from trading starting February 19, 2025, and will remain suspended until further notice