UJU HOLDING (01948): No longer providing one-stop service, only charging advertising operation service fees to major customers.
Yu Ju Holdings (01948) announced that during the renegotiation of contracts with a major customer in early 2026, there have been changes in the business arrangement of the group providing one-stop online marketing solutions, with the group no longer providing one-stop services (including traffic purchase) and only charging advertising operation service fees to the major customer. The major customer accounted for approximately 50% and 44% of the total revenue of the group for the year ended December 31, 2024, and the 6 months ended June 30, 2025, respectively.
UJU HOLDING (01948) announced that during the renegotiation of contracts with a major client in early 2026, there was a change in the business arrangement related to the group's provision of one-stop online marketing solutions. The group will no longer offer one-stop services (including traffic procurement) and will only charge the main customer for advertising operation fees. The main customer accounted for approximately 50% and 44% of the group's total revenue for the year ended December 31, 2024, and the six months ended June 30, 2025, respectively.
The board of directors believes that the group's operating and financial performance for the year ending December 31, 2026, will depend on various other factors, including but not limited to any further developments with the main customer, ongoing communication between the group and the main customer, any growth obtained from the group's other customers and new business divisions through diversification strategies, and the broader industry landscape. In addition, the group will implement cost-saving measures to streamline its cost structure. The board believes that the change in business arrangements with the main customer may have a negative impact on the group's financial performance for the year ending December 31, 2026, but will not have a significant impact on the group's other operations.
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