LEGENDHOLDING (03396) expects the equity holders' profit for the year 2024 to improve compared to the year 2023.

LEGENDHOLDING (03396) announced that it is expected to incur a net loss/profit attributable to equity holders of the Company ranging from a loss of approximately RMB 800 million to a profit of approximately RMB 300 million for the year ending December 31, 2024 (the net loss attributable to equity holders of the Company for the year ended 2023 was RMB 3.874 billion). The announcement stated that the improvement in performance for the current year compared to 2023 is mainly due to: a substantial year-on-year increase in performance of Lenovo Group Limited, a subsidiary of the Company's industrial operation segment; and a decrease in investment business losses year-on-year in the Company's industrial incubation and investment segment, benefiting from a warmer market environment.