Contel Technology Issues Correction on Financial Figures in Disposal Announcement

Reuters
Oct 31
Contel Technology Issues Correction on Financial Figures in Disposal Announcement

Contel Technology Co. Ltd. issued a clarification and supplemental announcement regarding a previous discloseable transaction, correcting figures for the aggregate unaudited net liability value of the Target Companies as at 31 March 2025 and the gain on disposal. The company stated the net liability value was approximately RMB17.6 million and expects to record a gain on disposal of about RMB5.2 million after adjustments. All other information in the original announcement remains unchanged.

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