webpoker| World Chinese Media (00685.HK) Profit Alert: Expected annual loss to be approximately US$11 million to US$13 million

Gronghui May 20 丨 World Chinese Media (00685webpoker.HK) announced that compared with the loss attributable to company owners of US$0.2 million in the previous year, the company expects the loss attributable to company owners to be approximately US$11.0 million to US$13.0 million for the year ending March 31, 2024, mainly due to (i) the yearwebpokerThe turnover of the publishing and printing segment of the Group decreased compared with the previous financial year;(ii) the write-off and impairment provisions of certain property, plant and equipment and intangible assets of the Group during the year were not less than US$6.0 million; and (iii) government funding and subsidies decreased by approximately US$2.0 million compared with the previous financial year.