Summary by Moomoo AI
Kwong Cheng Education International Holdings Limited (“Kwong Zheng Education”) issued a supplemental notice on 18 March 2024 detailing its financial statements for the year ended 31 August 2023. The announcement noted that the net distribution proceeds transferred from the previous fiscal year amounted to RMB29.8 million, of which approximately RMB11.2 million was used for general corporate purposes, and the remaining RMB18.6 million was unused. In addition, the announcement mentions the weighted average closing price of the bonus shares in the Share Award Scheme at HK$0.0956. The supplemental announcement does not affect other information in the 2023 Annual Report and should be read in conjunction with the Annual Report. The board members of Kwong Cheng Education consist of three executive directors and three independent non-executive directors.