On December 4, Gelonghui Holdings (00064.HK) announced that the board of directors is committed to expanding the Group's existing business portfolio through diversification to improve the Group's business operations and financial situation. To expand its revenue stream and increase shareholder value, the Group launched a new auction business in 2023.
On December 2, 2023, the Group held the Fall 2023 Auction on the 1st floor of COSCO Tower, New Era Plaza, Hong Kong. Nearly 300 lots of auction items, including Chinese paintings and calligraphy, ceramics, and tea utensils, were auctioned at the venue. Customer participation and telephone bidding have been quite active, resulting in sales exceeding company expectations. The Group will strive for steady growth and development, continue to adhere to the principle of evidence-based sources to find excellent works of art, and explore and search for more precious works of art for art lovers from all fields of society. The Board of Directors stated that it has not made any predictions or estimates of the Group's profit in relation to the above business developments.