Summary by Moomoo AI
CITIC METALS CO., LTD. ANNOUNCED ON APRIL 22, 2024 THAT IT HAS EXPANDED THE SCOPE OF ITS ACCOUNTING PERIOD FROM JANUARY 1, 2024 TO INCLUDE COPPER, NICKEL AND ALUMINUM RELATED PRODUCTS. This move aims to more objectively assess the financial condition and operating results of the company and improve the quality of disclosure of accounting information. The change will affect the listing of some information such as undistributed profit, net profit attributable to parent companies in the company's first quarter 2024 financial statements, but does not involve a retroactive adjustment to the prior year's loss. The Board of Directors, the Board of Directors, the Board of Supervisors and the Audit Committee have all adopted the relevant motions, in the view that this action will more accurately, reliably and truthfully reflect the Company's financial condition and operating results without prejudice to the interests of the Company and its shareholders as a whole.