TOMSON GROUP (00258) Announces Profit Increase. It is expected that the annual profit attributable to shareholders after tax will increase by approximately 310% to 320% year-on-year.

TOMSON GROUP (00258) announced that it is expected to achieve a significant increase of approximately 310% to 320% in its shareholders' net comprehensive profit after tax for the year ending December 31, 2024 compared to the same period in 2023. The expected increase in the Group's comprehensive profit is mainly attributed to the property development and investment business in Shanghai, China. The Group terminated a transaction to sell 100% equity interest in a wholly-owned subsidiary engaged in property development and forfeited the deposit. In addition, the Group obtained unrealized revaluation gains for investment properties in Shanghai based on applicable accounting standards, as opposed to unrealized revaluation losses in the same period in 2023.