Link: https://links.sgx.com/1.0.0/corporate-announcements/TKGI88WYMAYY72D6/f8cc234062fccab025a70c8e47e9a796623c6384eff607f45a59dc2df30169bc

Summary:

• Suntar Eco-City Limited has issued an announcement clarifying discrepancies between its unaudited and audited financial statements for the financial year ended 31 December 2024.
• Significant variances were noted in key line items, including Revenue (RMB 10.088 million variance) and Cost of Sales (RMB 9.421 million variance).
• The discrepancies were primarily caused by property transactions, such as the sale of residential units and shops.
• These property transactions were identified as interested person transactions with a related party and were subsequently agreed to be rescinded.
• The rescission of these transactions resulted in the differences between the previously announced unaudited figures and the final audited financial results.