陳 先 生，71歲，於 業 務 管 理、營 運 及 市 場 開 發 方 面 擁 有 逾40年 的 卓 越 領 導 經 驗。 彼 曾 擔 任 總 經 理 及 行 政 領 導 職 務 等 多 個 高 級 行 政 職 位，且 作 為 玩 具 廠 創 始 人， 陳 先 生 的 專 業 知 識 涵 蓋 貿 易、製 造 及 創 新，並 於 企 業 管 治、風 險 管 理、成 本 控 制、營 運 效 率 及 持 份 者 參 與 方 面 基 礎 雄 厚。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈內容概不負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 佈 全 部 或 任 何 部 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 （股 份 代 號：22） 委任執行董事 及 變更董事委員會成員 委任執行董事 茂盛控股有限公司（「本公司」）董 事（「董 事」）會（「董事會」）欣 然 宣 佈，陳 達 銘 先 生 （「陳先生」）獲 委 任 為 執 行 董 事 及 執 行 委 員 會 成 ...

為了可透過電郵進行電子通訊，建議非登記股東向代其持有股份的銀行、經紀、託管商或代理人（統 稱「中介機構」）提供其有效的電郵地址。如本公司沒有收到 閣下的中介機構透過香港中央結算（代 理人）有限公司提供 閣下的有效的電郵地址或郵寄地址，本公司將不會向 閣下發送登載通知。 若 閣下希望收取本次公司通訊及╱或日後公司通訊之印刷版本，請填隨附之申請表格並交回本公司 的香港股份過戶登記分處（「香港股份過戶登記分處」）卓佳證券登記有限公司，地址為香港夏愨道16 號遠東金融中心17樓或發送電子郵件至is-ecom@vistra.com 。務請注意，收取印刷本的要求將一直有 效，除非被撤銷或取代，或直至本公司下一個財政年度的最後一天到期（以較早者為準）。若非登記股 東希望繼續收取日後公司通訊的印刷本，則需要再作書面要求。 如 閣下對本函內容有任何疑問，請致電香港股份過戶登記分處電話熱線(852) 2980 1333，辦公時間 為星期一至五（公眾假期除外）上午9時正至下午6時正，或電郵至is-ecom@vistra.com 。 （股 份 代 號 ：22） （於百慕達註冊成立之有限公司） 各位非登記股東1： 於本公司網站刊登公司 ...

於本公司網站刊登公司通訊之通知 （股 份 代 號 ：22） （於百慕達註冊成立之有限公司） 各位登記股東： 承董事會命 茂盛控股有限公司 主席 倫耀基 二零二五年七月三十一日 附件 附註： 謹此通知 閣下，茂盛控股有限公司*（「本公司」）之下述公司通訊1 （「本次公司通訊」）之中、英文版 本，現已登載於本公司網站www.mexanhk.com（「本公司網站」）及香港聯合交易所有限公司（「聯交 所」）網站www.hkexnews.hk（「聯交所網站」）以供閱覽： • 二零二五年年報 閣下可於本公司網站「財務報告」部分或聯交所網站內讀取本次公司通訊。若 閣下早前曾要求收取 公司通訊的印刷本，本次公司通訊的印刷本已隨函附上。 為了支援通過電子郵件進行電子通訊，本公司建議 閣下向本公司香港股份過戶登記分處卓佳證券登 記有限公司（「香港股份過戶登記分處」）（地址為香港夏愨道16號遠東金融中心17樓）發出（不少於7天 的）合理書面通知，或發送電子郵件至is-ecom@vistra.com 向本公司提供 閣下的電郵地址。 股東有責任提供有效的電郵地址。若 閣下沒有提供有效的電郵地址，本公司將透過郵寄方式向 閣 下發送(i) ...

���� 環境、社會及管治報告 環境、社會及管治報告 簡介 茂盛控股有限公司（「本公司」）及其附屬公司（統稱「本集團」）欣然提呈截至 二零二五年三月三十一日止財政年度（「報告期」或「二零二五年」）之環境、 社會及管治（「環境、社會及管治」）報告（「環境、社會及管治報告」）。本環 境、社會及管治報告概述本集團在環境、社會及管治方面的倡議、計劃及 表現，並表明其對可持續發展的承諾。 本集團從事兩個業務分部：1)酒店營運，主要專注於經營永倫800酒店（「本 酒店」），該酒店位於香港新界青衣，設有800間客房；及2)透過其非全資擁 有附屬公司永倫灝祥有限公司（「永倫灝祥」）供應傢俱及建材以及提供設計 及裝修建築服務。 本集團堅信可持續發展乃持續取得成功的關鍵，並已將該關鍵概念融入其 業務策略。為了追求成功及可持續的商業模式，本集團積極向全體僱員及 持份者宣揚環境及社會可持續發展文化。該文化令本集團能夠以日常營運 及管治的角度制定適當的環境、社會及管治政策及程序，以監察及計量環 境、社會及管治工作的進度，並向投資者及其他持份者報告其表現。 本集團意識到採取果斷行動來紓緩氣候變化及保護環境的迫切需要，故已 制定目標提高其 ...

���� 年報 2025 年報 本年報的中、英文本已登載於本公司網站 www.mexanhk.com（「本公司網 站」）。 股東可透過本公司網站收取本公司的公司通訊（「公司通訊」），如因 任何理由在收取或獲取於本公司網站登載的年報時有困難，只要提出要 求，均可立刻獲免費發送年報的印刷本。 股東可隨時更改收取公司通訊的方式的選擇（即收取公司通訊的印刷本， 或透過本公司網站取得公司通訊），及╱或語言版本的選擇（即英文本 或中文本或中、英文本）。 股東可以書面通知本公司的香港股份過戶登記分處卓佳證券登記有限公 司（地址為香港夏愨道 16 號遠東金融中心 17 樓），或以電郵致本公司 的香港股份過戶登記分處（電郵地址為 is-ecom@vistra.com）提出收取年報 印刷本的要求，及╱或更改收取公司通訊的方式及╱或語言版本的選擇。 目錄 二零二五年年報 01 公司資料 2 主席報告書 3 管理層討論及分析 6 企業管治報告書 12 董事會報告書 33 獨立核數師報告 49 綜合損益及其他全面收益表 55 綜合財務狀況表 57 綜合權益變動表 59 綜合現金流量表 60 綜合財務報表附註 62 五年財務概要 131 ...

Financial Performance - Revenue for the year ended March 31, 2025, was HKD 37,592,000, a decrease of 63% compared to HKD 102,501,000 in 2024[2] - Gross profit for the same period was HKD 6,928,000, down 76% from HKD 28,648,000 in the previous year[2] - The net loss for the year was HKD 38,898,000, representing a 195% increase from a loss of HKD 13,168,000 in 2024[2] - Core loss from continuing operations was HKD 7,051,000, which is a 23% increase from HKD 5,728,000 in the prior year[2] - The loss attributable to equity holders of the company was HKD 30,747,000, up 53% from HKD 20,158,000 in 2024[2] - Basic and diluted loss per share was HKD 1.63, compared to HKD 1.03 in the previous year, marking a 53% increase[2] - Total comprehensive loss for the year was HKD 30,945,000, compared to HKD 20,398,000 in 2024[6] - The group reported a loss of HKD 32,219,000 for the year ending March 31, 2025, and has ceased its hotel operations, now focusing on furniture and building materials supply, as well as design and renovation services[16] - Loss before tax was HKD 38,700,000 in 2025, compared to a loss of HKD 12,928,000 in 2024, indicating a significant increase in losses[32] Dividends - The board proposed a special dividend of HKD 0.06 per share and an interim dividend of HKD 0.181 per ordinary share[2] - The company reported no dividends for the year, consistent with the previous year[34] - The board has proposed a special dividend of HKD 0.06 per share and a special interim dividend of HKD 0.181 per share following the significant sale[67] Assets and Liabilities - Non-current assets decreased to HKD 368,177,000 in 2025 from HKD 462,331,000 in 2024, representing a decline of approximately 20.3%[7] - Current assets increased to HKD 490,042,000 in 2025 from HKD 92,896,000 in 2024, indicating a significant rise of 426.5%[7] - Total liabilities decreased to HKD 365,407,000 in 2025 from HKD 459,591,000 in 2024, a reduction of about 20.5%[8] - Net assets decreased to HKD 347,868,000 in 2025 from HKD 378,813,000 in 2024, reflecting a decline of approximately 8.2%[8] - The company reported a total equity of HKD 347,868,000 in 2025, down from HKD 378,813,000 in 2024, a decrease of about 8.2%[8] Operational Changes - The company has ceased hotel operations during the current year, which may impact future revenue streams[9] - The group has reclassified hotel operations as discontinued business as of March 31, 2025[55] - The group aims to reduce operational costs by minimizing the workforce required for hotel operations following the sale[68] Revenue Segments - For the year ending March 31, 2025, external revenue from the building materials trading and renovation services segment was HKD 123,710,000, a decrease from HKD 176,944,000 in the previous year[21] - External revenue from Hong Kong was HKD 123,710,000 in 2025, down 29.5% from HKD 175,334,000 in 2024[24] - Major customer revenue from Customer B was HKD 30,513,000 in 2025, a decrease of 7.5% from HKD 32,990,000 in 2024[25] - Revenue from the construction materials trading and renovation business decreased significantly from approximately HKD 102,500,000 to about HKD 37,600,000, representing a 63% decline year-on-year[79] Impairment and Provisions - The impairment loss on investment properties was HKD 31,847,000, a notable increase from HKD 7,440,000 in 2024[5] - The expected credit loss provision for trade receivables in the construction services segment is HKD 136,000, down from HKD 4,539,000 in 2024[40] - The impairment loss provision for 2025 was HKD 138,000, down from HKD 524,000 in 2024, indicating a reduction of 73.7%[47] Financing and Cash Flow - The group has total bank financing of HKD 76,500,000, with HKD 73,900,000 remaining undrawn, indicating a strong liquidity position[19] - The group anticipates sufficient cash resources to meet future operational and financing needs based on cash flow forecasts for the next 18 months[18] - The group’s financing costs decreased to HKD 5,670,000 from HKD 6,976,000 year-over-year[56] - As of March 31, 2025, total borrowings amounted to approximately HKD 86,900,000, down from HKD 128,600,000 the previous year[81] Corporate Governance - The audit committee consists of three independent non-executive directors, ensuring a broad range of business experience[100] - The company has complied with the corporate governance code, with a board composition of five male directors and one female director[98] Future Outlook - The group’s management has identified significant uncertainties in business performance due to a weak economic environment and intense market competition[16] - The overall economic environment remains uncertain, posing challenges to the hotel industry and the group's operations[75] - The management will regularly review and monitor business performance to ensure stability and adjust the business portfolio as necessary[71] - The group intends to explore potential investment opportunities to expand its business portfolio and increase revenue sources[72]

福建省商务厅正会同相关部门制定《福建省深化内外贸一体化发展实施方案》，并公开征求意见 重要新闻提示 银行支持上市公司回购增持，授信总额已超过3000亿元 1. 央视新闻消息，记者从多家银行了解到，近期各家商业银行正加快落地回购增持贷款，初步测算，授 信总额已超过3000亿元。 保变电气：一季度净利润同比增长1251% 财经新闻 2. 据"深圳发布"微信公众号，4月10日，深圳市委常委会召开会议，听取深圳市经济运行和外贸工作情 况，研究部署下一步工作。 会议强调，要集中精力办好自己的事，增强应对外部冲击的信心，最快速度行动起来，把市场开拓作为 重中之重，积极主动采取有力有效的措施，服务和支持企业大力开拓国内外市场。要强化项目建设和投 资工作，加强项目调度，扎实做好资金等各方面要素保障，推动已开工项目加快进度、已签约项目尽快 开工、在谈项目加快落地。 3. 近日，福建省商务厅官网显示，福建省商务厅正会同相关部门制定《福建省深化内外贸一体化发展实 施方案》，并公开征求意见。《实施方案（征求意见稿）》提出，到2027年，全省内外贸融合发展基础 不断夯实，市场主体一体化发展水平显著提升，政府治理和服务能力持续优化。力争 ...

Core Viewpoint - Jifeng Technology's controlling shareholder, Sichuan Tequ Education Management Co., Ltd., is planning a change in the company's control, leading to a suspension of trading for the stock starting April 11 [3][5]. Group 1: Company Control Change - Jifeng Technology announced that its controlling shareholder, Tequ Education, is in the process of planning a change in control, with specific details to be determined by agreements signed by the parties involved [3][5]. - The stock of Jifeng Technology will be suspended from trading to ensure fair information disclosure and avoid abnormal stock price fluctuations, with the suspension expected to last no more than two trading days [5]. Group 2: Financial Performance - Jifeng Technology reported a significant decline in net profit for 2024, with a net profit attributable to shareholders of -30.81 million yuan, a decrease of 283.36% year-on-year [7][8]. - The company's operating revenue for 2024 was 2.709 billion yuan, reflecting a year-on-year increase of 2.24% [8]. - The basic earnings per share for 2024 were -0.0621 yuan, a decrease of 265.60% compared to the previous year [8]. Group 3: Business Overview - Jifeng Technology operates primarily in two segments: agricultural machinery chain sales services and high-end specialty agricultural machinery research and manufacturing [7]. - The company has agency rights for several international and domestic agricultural machinery brands, including Case New Holland, Kubota, and DJI drones [7]. Group 4: Future Outlook - For 2025, Jifeng Technology aims to enhance internal management and operational efficiency, promote innovation in subsidiary operations, and actively integrate high-end, intelligent resources to align with industry trends [9]. - The company's stock price has increased by over 50% year-to-date, closing at 8.06 yuan per share on April 10, with a total market capitalization of 4 billion yuan [9].

Financial Performance - For the six months ended September 30, 2024, the company reported a revenue of HKD 58,070,000, a decrease of 31.2% compared to HKD 84,498,000 in the same period last year[5] - The gross profit for the same period was HKD 27,498,000, down 20.4% from HKD 34,522,000 year-on-year[5] - The company incurred a loss before tax of HKD 9,902,000, compared to a loss of HKD 7,976,000 in the previous year, reflecting an increase in losses of 24.1%[5] - Total comprehensive loss for the period was HKD 9,902,000, slightly higher than HKD 9,608,000 in the previous year[5] - The company reported a basic and diluted loss per share of HKD 0.500, compared to HKD 0.483 in the previous period[5] - The group reported a loss before tax of HKD 9,902,000 for the six months ended September 30, 2024, compared to a loss of HKD 7,976,000 for the same period in 2023[40] - The group recorded a net loss of approximately HKD 9.9 million after tax, compared to a loss of HKD 9.6 million in the same period last year, primarily due to the poor performance of the construction materials trading and renovation segment[101] Assets and Liabilities - The company's total assets decreased to HKD 511,619,000 from HKD 555,927,000, indicating a decline of 7.9%[7] - Current assets dropped to HKD 65,474,000 from HKD 92,896,000, a significant decrease of 29.6%[7] - The net asset value of the company was HKD 368,911,000, down from HKD 378,813,000, representing a decrease of 2.5%[11] - Total assets as of September 30, 2024, were HKD 511,619,000, down from HKD 555,227,000 as of March 31, 2024, indicating a decrease of approximately 7.8%[39] - Total liabilities decreased to HKD 142,708,000 as of September 30, 2024, from HKD 176,414,000 as of March 31, 2024, representing a reduction of approximately 19.1%[42] - As of September 30, 2024, the total borrowings amounted to approximately HKD 100.9 million, a slight decrease from HKD 128.6 million as of March 31, 2024[103] - The asset-liability ratio as of September 30, 2024, was approximately 27.4%, down from 33.9% as of March 31, 2024[103] Cash Flow and Financing - For the six months ended September 30, 2024, the company reported a net cash inflow from operating activities of HKD 17,940,000, compared to HKD 8,779,000 in the same period of 2023, representing a 104.7% increase[15] - The total cash and cash equivalents at the end of the period were HKD 31,508,000, down from HKD 56,482,000 in the previous year, reflecting a decrease of 44.2%[16] - The company recorded a net cash inflow from investing activities of HKD 729,000, up from HKD 372,000 in the prior year, marking a 96.1% increase[16] - The company’s cash outflow from financing activities was HKD (36,566,000), reflecting significant repayments compared to the previous year[16] - The group incurred interest expenses of HKD 2,686,000 for the six months ended September 30, 2024, compared to HKD 1,535,000 in the same period of 2023, reflecting an increase of approximately 75.0%[38] - The company incurred interest expenses of HKD 3,775,000 for the six months ended September 30, 2024, compared to HKD 3,337,000 in 2023, which is an increase of 13.2%[15] Operational Highlights - There were no new product launches or significant market expansions reported during this period[5] - The hotel operations segment reported external revenue of HKD 43,772,000, down from HKD 37,309,000, indicating an increase of approximately 17.5%[48][33] - The building materials trading and renovation segment generated external revenue of HKD 14,298,000, a significant decrease from HKD 47,189,000, reflecting a decline of approximately 69.7%[49][50] - Hotel room sales increased to HKD 42,234,000 from HKD 35,494,000, representing a growth of 19.0%[51] - The hotel occupancy rate for the reporting period was 97.46%, significantly higher than the average occupancy rate of 81.0% for all hotel categories in Hong Kong[91] - The average hotel room occupancy rate in Hong Kong increased from 78.0% in 2023 to 81.0% in 2024[91] Management and Governance - The company has not provided specific guidance for future performance but indicated ongoing efforts in cost management and operational efficiency[5] - The group plans to continue focusing on its core segments while exploring opportunities for market expansion and potential acquisitions in the future[31] - The company has maintained the required public float as per listing rules as of the report date[132] - The audit committee, composed entirely of independent non-executive directors, reviewed the unaudited interim financial statements for the six months ending September 30, 2024[130] - Mr. Lun Yau-ki serves as both the chairman and managing director, which deviates from the corporate governance code but is deemed effective by the board[130] - The company expresses gratitude to its customers, suppliers, shareholders, professional advisors, and banks for their continued support during the review period[133] Employee and Compensation - The total cost of employee compensation was HKD 23,856,000, an increase from HKD 21,759,000, representing a rise of 9.6%[56] - The company did not declare any interim dividend for the six months ended September 30, 2024, same as in 2023[61] - The group has not declared an interim dividend for the six months ended September 30, 2024, consistent with the previous year[90] Market Conditions - The total number of visitors to Hong Kong in the first half of 2024 was approximately 21 million, a year-on-year increase of 64%, with 16.1 million visitors coming from mainland China, up about 60% from 2023[91] - The Hong Kong economy recorded a year-on-year growth of 3.3% in the second quarter of 2024, following a 2.8% growth in the first quarter[93] - The group will actively monitor market conditions to enhance stakeholder interests[95] - The group will continue to strictly control costs and prudently implement business development plans to address economic challenges[93]

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 58,070 thousand, a decrease of 31% compared to HKD 84,498 thousand in 2023[2] - Gross profit for the same period was HKD 27,498 thousand, down 20% from HKD 34,522 thousand in 2023[2] - Loss before tax for the period was HKD 9,902 thousand, compared to a loss of HKD 7,976 thousand in 2023, representing a 24% increase in losses[2] - The loss attributable to owners of the company was HKD 9,827 thousand, a slight increase of 4% from HKD 9,493 thousand in 2023[2] - Basic and diluted loss per share was HKD 0.500, compared to HKD 0.483 in 2023, reflecting a 4% increase in loss per share[2] - The company reported a significant increase in interest income, which rose to HKD 488,000 from HKD 453,000, marking an increase of 7.7%[36] - The group recorded a loss of approximately HKD 9.9 million after tax for the six months, slightly higher than the loss of HKD 9.6 million in the previous year, mainly due to poor performance in building materials trading and renovation construction[80] Dividends - The company does not recommend the payment of any interim dividend for the six months ended September 30, 2024[2] - The company did not declare an interim dividend for the six months ended September 30, 2024, compared to no dividend declared in 2023[65] Assets and Liabilities - Non-current assets as of September 30, 2024, totaled HKD 446,145 thousand, down from HKD 462,331 thousand as of March 31, 2024[7] - Current assets included cash and bank balances of HKD 31,508 thousand, a decrease from HKD 42,642 thousand as of March 31, 2024[7] - Total liabilities decreased from HKD 95,636 thousand as of March 31, 2024, to HKD 63,930 thousand as of September 30, 2024[7] - The company's net assets attributable to owners were HKD 372,331 thousand, down from HKD 382,158 thousand as of March 31, 2024[9] - The total reportable segment assets decreased to HKD 419,868,000 from HKD 460,872,000, a reduction of 8.9%[30] - The reportable segment liabilities also decreased to HKD (135,334,000) from HKD (168,309,000), showing a decline of 19.6%[30] - As of September 30, 2024, the group's total borrowings were approximately HKD 100.9 million, a slight decrease from HKD 128.6 million as of March 31, 2024[81] - The group's debt-to-equity ratio was approximately 27.4% as of September 30, 2024, down from 33.9% as of March 31, 2024[83] Segment Performance - The group has two reportable segments as of September 30, 2024: Hotel Operations and Building Materials Trading and Renovation Services[26] - External revenue for the hotel operations segment reached HKD 43,772,000, up from HKD 37,309,000 in the same period last year, representing a growth of 17.5%[28] - The segment revenue from building materials trading and renovation construction was approximately HKD 14.3 million, a decline of 70% from HKD 47.2 million in the previous year, attributed to poor performance in this sector[73] - Hotel operations generated segment revenue of approximately HKD 43.8 million, an increase of 17% from HKD 37.3 million year-on-year, due to improved room rates and occupancy[73] - The subsidiary engaged in building materials supply and installation reported a segment loss of HKD 9,646,000 due to various factors, including a slowdown in property prices and reduced construction activity[68] Operational Metrics - The hotel room sales generated HKD 42,234,000, an increase from HKD 35,494,000, representing a growth of 19.0%[36] - The average hotel occupancy rate in Hong Kong increased from 78.0% in 2023 to 81.0% in 2024, indicating a recovery in the tourism sector[67] - The hotel recorded a high occupancy rate of 97.46% during the reporting period, surpassing the average market rate[67] - The total number of visitors to Hong Kong in the first half of 2024 was approximately 21 million, a year-on-year increase of 64%, with 16.1 million visitors from mainland China, up about 60% from 2023[67] Cost Management - The company plans to implement strict cost control measures and reduce manpower in response to the challenging market conditions in the construction sector[68] - Administrative and other operating expenses were approximately HKD 17.4 million, compared to HKD 16.3 million in the previous year, primarily driven by hotel operating expenses[77] - Employee costs rose to HKD 23,856,000 from HKD 21,759,000, marking an increase of about 9.6%[38] - The cost of goods sold and services provided decreased significantly to HKD 30,572,000 from HKD 49,976,000, a reduction of approximately 38.9%[38] Employee and Governance - As of September 30, 2024, the group had a total of 127 employees, down from 157 employees as of March 31, 2024[90] - The audit committee has reviewed the unaudited interim financial statements for the six months ended September 30, 2024[103] - The company has adhered to all applicable corporate governance codes during the review period, with a noted deviation regarding the roles of the chairman and CEO being held by the same individual[100] Miscellaneous - The company has no major investment or capital asset plans as of the announcement date[97] - No significant investments, acquisitions, or disposals were made during the period[87] - There are no significant capital commitments for the acquisition of properties, plants, and equipment as of September 30, 2024[93] - The company provided financial guarantees totaling approximately HKD 145.7 million for bank financing to its subsidiaries, with approximately HKD 77.3 million utilized as of September 30, 2024[92] - The group operates in Hong Kong, with all revenues denominated in HKD, and faces some foreign currency exchange risks but does not anticipate significant operational difficulties from currency fluctuations[94] - As of September 30, 2024, all bank borrowings and cash balances are denominated in HKD, and the group has not implemented any foreign currency or interest rate hedging policies[96] - The interim report for the period ending September 30, 2024, will be sent to shareholders and published on the company's website[104]