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FW FASHION INT (02528.HK) held a Board of Directors meeting on March 31 to consider and approve the annual performance.
Gelonghui, March 18th丨FW FASHION INT (02528.HK) announced that the Board of Directors will hold a meeting on March 31, 2025 (Monday) to (including): (i) consider and approve the annual performance of the company and its subsidiaries for the year ending December 31, 2024, and its publication; and (ii) consider the payment of a final dividend (if any).
In the profit warning, FW FASHION INT (02528.HK) estimates that last year's loss expanded to at least 90 million yuan.
FW FASHION INT (02528.HK) issues a profit warning, expecting a loss of no less than 90 million yuan in the fiscal year 2024, compared to a loss of 19.8 million yuan recorded in the previous year. The loss is mainly due to the group's poor sales performance in retail stores located in mainland China, Macau, Hong Kong, and Taiwan amidst a challenging retail environment.
FW FASHION INT (02528.HK): ShineWing Zhonghua has been appointed as the new auditor.
On January 23, GELONGHUI announced that FW FASHION INT (02528.HK) has appointed Shinewing (Hong Kong) CPA Limited ("Shinewing") as the new auditor of the company, effective from January 23, 2025, to fill the temporary vacancy left by the resignation of PricewaterhouseCoopers, and will serve until the conclusion of the company's next Annual General Meeting.
FW FASHION INT announced the resignation of its auditor, PwC.
FW FASHION INT (02528) announced that due to a failure to reach an agreement with PricewaterhouseCoopers on the revised proposed audit fees for the financial year ending December 31, 2024, PricewaterhouseCoopers has resigned as the company's auditor, effective from December 18, 2024.
Market Chatter: Forward Fashion International Launches Chinese Outdoor Brand in Hong Kong, Macau
Macao and Hong Kong introduce the mainland light outdoor brand "Jiaoxia". Shangjin International (02528.HK): Helping to rejuvenate the membership structure in response to Consumer downgrade.
FW FASHION INT (02528.HK) announced the introduction of the Mainland lightweight outdoor brand "Jiaoxia" in the Hong Kong and Macau markets, and the opening of its first store in Times Square, Causeway Bay; as well as the opening of two stores in Macau at Praça de Santo Domingo and Studio City. FW FASHION INT's CEO, Chan Hang-yi, stated that the "Jiaoxia" brand is positioned as lightweight, suitable for young people and the general public. As for the brands that the group previously introduced, which typically belong to the affordable luxury category, due to the current downgrade in consumer spending, the group is seeking brands that offer better value for money and meet the needs of the masses. Chan Hang-yi believes that the newly introduced brands will broaden the group's member base and benefit the overall company.