Easyhome announces asset impairment, leadership changes for first half 2025

Easyhome New Retail Group announced a total asset impairment provision of CNY 87,704,380.97 for the first half of 2025, with reversals and write-offs totaling CNY 135,150.68. This adjustment will decrease the consolidated net profit by CNY 87,569,230.29. The board and supervisory board approved this provision, citing prudence and a fair reflection of the company's financial status.

The company also announced leadership changes, with Wang Ning appointed as chairman and chief executive, effective August 21, 2025, following the passing of former chairman and chief executive Wang Linpeng on July 27, 2025. Additionally, the new retail operations management center will be reorganized into a marketing center and an investment operations center. This strategic reorganization and impairment provision aim to optimize operations and accurately reflect asset values.