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Sunfonda gp (01771.HK) has appointed Liu Qiming as an independent non-executive director.
On November 22, 2023, sunfonda gp (01771.HK) announced that Mr. Song Tao has resigned as the company's independent non-executive director, as well as from his roles as chair of the remuneration committee, and member of the audit committee and the nomination committee, effective November 22, 2024. The board of directors further announced that Mr. Liu Qiming has been appointed as the company's independent non-executive director, as well as chair of the remuneration committee, and member of the audit committee and the nomination committee, effective November 22, 2024.
SUNFONDA GP: 2024 Interim Report
Car dealers/auto retailers sector facing survival crisis: the bitter fruit of trading price for volume, the transformation path still needs to be examined.
Under multiple squeezes, it's a matter of life and death.
Express News | China Automobile Dealers Association: From January to August, the 'price war' has already resulted in a total retail loss of 138 billion yuan in the new car market.
Express News | "Price wars" have triggered a problem of dealers' financial chain breakdown, and the China Automobile Dealers Association has submitted an urgent report to the government departments.
Performance: Xin Fengtai (01771.HK) has swung from a half-year profit to a loss of 96.87 million RMB and will not distribute dividends.
Sunfresh (01771.HK) announced its interim results as of the end of June this year, with revenue of 4.515 billion RMB, a 14.3% annual decline. Loss converted to profit was 96.866 million yuan, compared to a profit of 8.207 million yuan in the same period last year; loss per share was 0.16 yuan. No dividend will be distributed.
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