Zhitong Finance App News, Shifang Holdings (01831) issued an announcement. Recently, rumors about the company's intention to invest in the “Fuzhou Xinshang Confinement Center” (Xinshang Confinement Center) and undertook the salary arrears of the project's employees are untrue. “Xu Wensheng” is not legally authorized by the board of directors of the company and has never confirmed to the board of directors of the company that he personally participated in any of the company's business with sufficient funds.
The Company's financial performance has been losing money for many years. In order to reduce financial losses in order to turn financial losses into profits as soon as possible, according to the disclosed results, the Company has always insisted on reducing the investment amount of loss-making business or outsourcing parts of high-cost and low-profit related businesses to protect the basic rights and interests of all shareholders of the Company. Under such circumstances, the Company will never ignore the basic rights and interests of all shareholders of the Company and invest in such seriously loss-making projects or the wages of employees undertaking such projects to increase the company's debt ratio.
Furthermore, the board of directors of the Company also clarified once again that if “Xu Wensheng” or any legal third party or any person not authorized by the Board of Directors of the Company has used the Company's name to obtain food or any commercial service without payment, collection of any legal third party or personal benefit, commitment to investment, etc., the Company will not bear any costs for any of its financial expenses. The Company does not have any senior management personnel or authorized representatives other than those announced and disclosed.