MTG Co., Ltd.
Notice Regarding the Dissolution of Consolidated Subsidiary (MTG Shanghai)
MTG Co., Ltd. has resolved to dissolve its consolidated subsidiary Aimiti Commerce Co., Ltd. (MTG Shanghai). Operating losses have continued from 2022 to 2024, and the action aims to optimize management resources.
Key Figures
- Net Sales (Fiscal Year Ending December 2022): 44,744 thousand CNY
- Operating Income (Fiscal Year Ending December 2023): △13,232 thousand CNY
- Net Income Attributable to Owners of Parent (Fiscal Year Ending December 2024): △6,852 thousand CNY
AI要約
Reason for Dissolution and Subsidiary Overview
MTG Co., Ltd. resolved at the Board of Directors meeting on January 22, 2026, to dissolve its consolidated subsidiary Aimiti Commerce Co., Ltd. (MTG Shanghai), established in 2013. Considering the deteriorating business environment in the Chinese market, the company aims to optimize management resources, enhance management efficiency, and focus on the domestic market to achieve early profitability in its global operations. MTG Shanghai is located in Shanghai, China, and is a wholly owned consolidated subsidiary. Although net sales ranged from approximately 30,000 to 40,000 thousand CNY between 2022 and 2024, operating income and net income attributable to owners of parent have remained in the red.
Dissolution Procedure and Future Outlook
The dissolution resolution was made on January 22, 2026, and procedures will be conducted according to applicable Chinese laws, aiming to complete liquidation; however, the specific completion date is undecided. The impact of this matter on the current consolidated fiscal year's performance is expected to be minor, and additional disclosures will be made as necessary.
