Century Sunshine (00509) announced that the original auction of the Jiangxi company's assets scheduled for December 15, 2023 has been cancelled, and the auction was scheduled for February 19, 2024, but the auction on that day was a live auction. The second auction was also scheduled to be held on February 27, 2024 and March 4, 2024, respectively.
As disclosed in the interim report ending June 30, 2023, the group adjusted and reduced the scale of fertilizer production in order to maintain the working capital of fertilizer production and minimize the risks caused by market fluctuations, and the Jiangxi company's production capacity continues to be idle.
As of the date of this announcement, the assets of Jiangxi Company have not been auctioned. Currently, the Group's business operations are still running normally, and the above matters have not had a significant impact on the Group's other business operations.