FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 科聯系統集團有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2025年12月2日 I. 法定/註冊股本變動 FF301 III.已發行股份及/或庫存股份變動詳情 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00046 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | ...

FF301 第 1 頁 共 10 頁 v 1.1.1 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 科聯系統集團有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00046 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | HKD | | 0 | | 本月底結存 | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 科聯系統集團有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00046 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | 本月 ...

Financial Performance - The Group recorded total net revenue of HK$108.0 million, a slight decline of 1.7% from HK$109.8 million in the same period last year[9]. - Gross profit margin increased to 56.7%, up from 54.1% in 2024[9]. - Profit from operations rose by 23.3% to HK$17.7 million, with the operating profit margin improving to 14.7% from 11.3% in 2024[10]. - Consolidated net profit attributable to shareholders increased by 2.4% to HK$18.6 million, with basic earnings per share rising to 7.66 HK cents from 7.46 HK cents in 2024[12]. - The Group declared an interim dividend of 5.5 HK cents per ordinary share, consistent with the prior period[13]. - Other income and gains decreased by 13.2% to HK$6.3 million due to lower bank interest rates[11]. - The Group's net revenue after direct third-party costs declined by 1.7% to HK$108.0 million, primarily due to lower professional service income recognition and delays in new contract backlog[40]. - The Solutions and Integration Services segment recorded an 8.7% revenue decline to HK$51.6 million, attributed to reduced professional services revenue and absence of third-party product sales[23]. - Recurring revenue, including maintenance and SaaS income, continued to grow steadily despite the overall revenue decline[40]. Investments and Strategic Initiatives - The Group is actively exploring joint ventures and M&A opportunities for overseas market expansion, with a strategic initiative expected to materialize in the second half of the year[36]. - The Group is forming strategic partnerships with leading technology firms in Mainland China to integrate cutting-edge technologies into its product portfolio[26]. - The Group continues to invest in product research and development to enhance its software portfolio with new AI features[20]. Operational Efficiency - The cost of goods and services procured from third parties decreased by HK$5.5 million, or 30.9%, to HK$12.3 million[40]. - Overall staff costs decreased by 1.2% to HK$76.5 million, down from HK$77.4 million in the previous year[44]. - Selling and distribution expenses increased by 2.6% to HK$18.0 million, compared to HK$17.6 million last year[45]. - General and administrative expenses decreased by HK$3.2 million, or 10.7%, to HK$26.7 million from HK$29.9 million[46]. Assets and Liabilities - Current assets slightly declined by HK$5.9 million, or 1.4%, to HK$428.7 million[59]. - Current and non-current liabilities decreased by HK$22.4 million, or 13.1%, to HK$148.0 million[60]. - Total equity attributable to owners of the parent remained stable at HK$507.6 million, reflecting profit generated during the period[63]. - Non-current assets declined by HK$9.9 million, or 4.2%, to HK$228.1 million, mainly due to amortization and downward revaluation of investment property[54]. - The Group's cash and cash equivalents increased significantly to HK$326.9 million as of June 30, 2025, compared to HK$128.9 million as of December 31, 2024[70]. - The current ratio improved to 3.3 as of June 30, 2025, up from 2.9 as of December 31, 2024, indicating better short-term financial health[72]. - The gearing ratio decreased to 22.5% as of June 30, 2025, from 25.3% as of December 31, 2024, reflecting a reduction in total liabilities relative to total assets[72]. - The Group had no bank borrowings as of June 30, 2025, consistent with the position as of December 31, 2024[72]. Revenue Segmentation - Total segment revenue decreased to HK$123,322,000 in 2025 from HK$135,763,000 in 2024, representing a decline of approximately 9.1%[129]. - Application services segment revenue was HK$67,771,000 in 2025, down from HK$70,191,000 in 2024, a decrease of about 3.9%[129]. - Solutions and integration services segment revenue fell to HK$53,023,000 in 2025 from HK$63,598,000 in 2024, a decline of approximately 16.7%[129]. - The investments segment generated revenue of HK$920,000 in 2025, slightly down from HK$957,000 in 2024, a decrease of about 3.9%[129]. Taxation and Compliance - The total tax charge for the period was HK$2,969,000 in 2025, compared to HK$2,721,000 in 2024, reflecting an increase of 9.1%[174]. - The Group has been responding to multiple inquiries from the Hong Kong Inland Revenue Department regarding R&D tax deductions, with the latest inquiry issued on February 28, 2025[175]. - The tax authority issued protective assessments for the years 2016/17 and 2017/18, requiring approximately HK$0.8 million and HK$1.0 million in tax payments, respectively[178]. - The focus of the tax review is on the nature and deductibility of certain expenses and R&D Enhanced Deduction claims made by the subsidiaries[180]. Shareholder Information - An interim dividend of HK$0.055 per ordinary share has been determined for shareholders[186]. - The weighted average number of ordinary shares outstanding during the period was 242,787,539 for 2025, compared to 243,670,021 for 2024[187]. - The total dividends attributable to the previous financial year approved during the interim period amounted to HK$13.4 million[185].

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 科聯系統集團有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00046 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | 本月底 ...

Core Viewpoint - The company reported a decrease in revenue but an increase in profit, indicating effective cost management and operational efficiency [1] Financial Performance - Revenue for the six months ending June 30, 2025, was HKD 120 million, a year-on-year decrease of 5.76% [1] - Profit attributable to equity holders of the parent company was HKD 18.595 million, reflecting a year-on-year increase of 2.4% [1] - Basic earnings per share were HKD 0.0766, with an interim dividend proposed at HKD 0.055 per share [1] Operational Efficiency - The company’s sustained business momentum relies on a cost-effective operating model and focused marketing strategies [1] - Successful execution of streamlined processes has effectively reduced employee costs and selling, general, and administrative expenses [1] Strategic Development - The company has expanded its software development capabilities in the Greater Bay Area of mainland China [1] - There is an emphasis on accelerating product innovation and enhancing project delivery efficiency [1]

Core Viewpoint - The company reported a decrease in revenue but an increase in profit, indicating effective cost management and operational efficiency [1] Financial Performance - Revenue for the six months ending June 30, 2025, was HKD 120 million, a year-on-year decrease of 5.76% [1] - Profit attributable to equity holders of the parent company was HKD 18.595 million, reflecting a year-on-year increase of 2.4% [1] - Basic earnings per share were HKD 0.0766, with an interim dividend proposed at HKD 0.055 per share [1] Operational Efficiency - The company’s sustained business momentum relies on a cost-effective operating model and focused marketing strategies [1] - Successful execution of streamlined processes has effectively reduced employee costs and selling, general, and administrative expenses [1] Strategic Development - The company has expanded its software development capabilities in the Greater Bay Area of mainland China [1] - There is an emphasis on accelerating product innovation and enhancing project delivery efficiency [1]

Core Viewpoint - The company reported a slight decline in total revenue but showed improvements in gross margin and net profit, indicating resilience in a challenging economic environment [1] Financial Performance - Total revenue for the six months ended June 30, 2025, was HKD 108 million, a decrease of 1.7% from HKD 109.8 million in the same period last year [1] - Gross margin increased to 56.7% compared to 54.1% in 2024, reflecting improved operational efficiency [1] - Net profit attributable to shareholders rose by 2.4% to HKD 18.6 million, up from HKD 18.2 million in 2024 [1] - Basic earnings per share increased to HKD 0.0766 from HKD 0.0746 in 2024 [1] Dividend Declaration - The board declared an interim dividend of HKD 0.055 per ordinary share, consistent with the previous period's dividend [1]

EF001 其他信息 其他信息 不適用 發行人董事 於本公佈日期，董事會包括執行董事吳長勝先生、張偉霖先生、梁景新先生及吳國強先生，及獨立非執行董事陳婉珊女士、潘少海 第 2 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 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告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告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。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 科聯系統集團有限公司 | | 股份代號 | 00046 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二五年六月三十日止六個月之中期股息 | | 公告日期 | 2025年8月15日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣 ...

[Cover and Disclaimer](index=1&type=section&id=Cover%20and%20Disclaimer) [Disclaimer and Announcement Overview](index=1&type=section&id=Disclaimer%20and%20Announcement%20Overview) Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited are not responsible for the content of this announcement, make no representation, and accept no liability for any loss. This announcement presents the unaudited condensed consolidated interim results of Computer And Technologies Holdings Limited for the six months ended June 30, 2025 - Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement[1](index=1&type=chunk) - This announcement presents the unaudited condensed consolidated interim results of Computer And Technologies Holdings Limited and its subsidiaries for the six months ended June 30, 2025, together with comparative figures[2](index=2&type=chunk)[3](index=3&type=chunk) [Condensed Consolidated Financial Statements](index=1&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss](index=1&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) For the six months ended June 30, 2025, the Group's revenue was HK$120,225 thousand, a decrease from HK$127,567 thousand in the prior year, while operating profit increased by 23.3% to HK$17,714 thousand and profit for the period slightly rose to HK$18,558 thousand Key Data from Condensed Consolidated Statement of Profit or Loss (For the six months ended June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Revenue | 120,225 | 127,567 | | Cost of sales and services | (52,080) | (58,616) | | Gross profit | 68,145 | 68,951 | | Other business income | 1,247 | 408 | | Selling and distribution expenses | (18,015) | (17,555) | | Net general and administrative expenses | (26,738) | (29,931) | | Operating profit | 17,714 | 14,368 | | Profit before tax | 21,527 | 20,764 | | Profit for the period | 18,558 | 18,043 | | Basic earnings per ordinary share attributable to owners of the parent (HK cents) | 7.66 | 7.46 | - Operating profit increased by **23.3%** year-on-year, demonstrating positive effects of cost control and efficiency improvements[4](index=4&type=chunk)[49](index=49&type=chunk) [Condensed Consolidated Statement of Comprehensive Income](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) For the six months ended June 30, 2025, the Group's total comprehensive income was HK$19,510 thousand, a 15.0% increase from HK$16,962 thousand in the prior year, primarily due to a reversal from loss to gain in exchange differences on overseas operations Key Data from Condensed Consolidated Statement of Comprehensive Income (For the six months ended June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Profit for the period | 18,558 | 18,043 | | Exchange differences on translating overseas operations | 952 | (1,081) | | Total comprehensive income for the period | 19,510 | 16,962 | | Total comprehensive income attributable to owners of the parent | 19,547 | 17,085 | - Exchange differences on translating overseas operations turned from a **loss of HK$1,081 thousand** in 2024 to a **gain of HK$952 thousand** in 2025, significantly boosting comprehensive income[6](index=6&type=chunk) [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total assets were HK$656,718 thousand, a slight decrease from December 31, 2024, with net assets increasing to HK$508,757 thousand and net current assets maintaining steady growth Key Data from Condensed Consolidated Statement of Financial Position | Metric | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Total non-current assets | 228,062 | 238,005 | | Total current assets | 428,656 | 434,602 | | Total current liabilities | (131,427) | (150,138) | | Net current assets | 297,229 | 284,464 | | Net assets | 508,757 | 502,260 | | Total equity | 508,757 | 502,260 | | Cash and cash equivalents | 326,925 | 128,907 | | Trade receivables | 28,526 | 39,514 | - Cash and cash equivalents significantly increased by **153.6%** to **HK$326,925 thousand**, indicating a substantial improvement in liquidity[7](index=7&type=chunk) - Trade receivables decreased by **27.8%** to **HK$28,526 thousand**, potentially reflecting improved collection efficiency or changes in business volume structure[7](index=7&type=chunk) [Notes to the Condensed Consolidated Interim Financial Information](index=6&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Information) [1. Company Information](index=6&type=section&id=1.%20Company%20Information) Computer And Technologies Holdings Limited is incorporated in Bermuda, with its principal place of business located in Wong Chuk Hang, Hong Kong - The Company is incorporated in Bermuda, with its principal place of business at 18/F, The Hub, 36 Yip Kan Street, Wong Chuk Hang, Hong Kong[9](index=9&type=chunk) [2. Basis of Preparation](index=6&type=section&id=2.%20Basis%20of%20Preparation) The condensed consolidated interim financial information is prepared in accordance with the Listing Rules of The Stock Exchange of Hong Kong Limited and HKAS 34 issued by the HKICPA, and should be read in conjunction with the annual consolidated financial statements - The condensed consolidated interim financial information has been prepared in accordance with the applicable disclosure provisions of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and Hong Kong Accounting Standard 34 "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants[10](index=10&type=chunk) - Certain comparative amounts have been reclassified to conform with the presentation for the current period[11](index=11&type=chunk) [3. Changes in Accounting Policies and Disclosures](index=6&type=section&id=3.%20Changes%20in%20Accounting%20Policies%20and%20Disclosures) The accounting policies adopted for preparing the interim financial information are consistent with the prior year, with the initial adoption of the revised HKAS 21 "Lack of Exchangeability" having no impact as all Group transaction currencies are exchangeable - The accounting policies adopted in the preparation of the condensed consolidated interim financial information are consistent with those applied in the preparation of the Group’s annual consolidated financial statements for the year ended December 31, 2024, except for the initial adoption of the revised Hong Kong Financial Reporting Standards for the financial information of the current period[12](index=12&type=chunk) - HKAS 21 (Amendment) "Lack of Exchangeability" had no impact on the condensed consolidated interim financial information, as the transaction currencies involved by the Group and the functional currencies of its subsidiaries are all exchangeable when converted to the Group's presentation currency[13](index=13&type=chunk) [4. Operating Segment Information](index=6&type=section&id=4.%20Operating%20Segment%20Information) The Group is organized into three reportable operating segments: Application Services, Solutions and Integration Services, and Investments, with performance independently monitored for resource allocation and assessment [4.1 Principal Activities and Segment Breakdown](index=6&type=section&id=4.1%20Principal%20Activities%20and%20Segment%20Breakdown) - The Group's principal activities include providing enterprise application software and e-commerce services (including SaaS products, GETS, cloud services) to enterprises; providing IT solution implementation and application software development (including SaaS products), IT and related operations/infrastructure outsourcing services; and property and treasury investments[14](index=14&type=chunk)[16](index=16&type=chunk) - The Group is organized into three reportable operating segments: Application Services, Solutions and Integration Services, and Investments, with management independently monitoring the performance of each segment for resource allocation and performance assessment[15](index=15&type=chunk)[16](index=16&type=chunk) [4.2 Operating Segment Results](index=8&type=section&id=4.2%20Operating%20Segment%20Results) Operating Segment Revenue and Results (For the six months ended June 30) | Segment | 2025 Revenue (HK$ thousand) | 2024 Revenue (HK$ thousand) | Revenue Change (%) | 2025 Results (HK$ thousand) | 2024 Results (HK$ thousand) | Results Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Application Services | 67,771 | 70,191 | -3.4% | 15,747 | 14,708 | +7.1% | | Solutions and Integration Services | 51,626 | 56,517 | -8.7% | 14,797 | 14,550 | +1.7% | | Investments | 828 | 859 | -3.6% | (764) | (356) | +114.6% | | **Total** | **120,225** | **127,567** | **-5.8%** | **29,780** | **28,902** | **+3.0%** | - The Investment segment's loss expanded due to an increase in net fair value loss on investment properties from **HK$1,000 thousand** in 2024 to **HK$2,000 thousand** in 2025[23](index=23&type=chunk) - Net fair value gain/(loss) on financial assets at fair value through profit or loss turned from a **loss of HK$243 thousand** in 2024 to a **gain of HK$312 thousand** in 2025[23](index=23&type=chunk) [4.3 Geographical Information](index=11&type=section&id=4.3%20Geographical%20Information) Revenue from External Customers (By customer location) | Region | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Hong Kong and other countries/regions | 100,530 | 104,680 | | Mainland China | 19,695 | 22,887 | | **Total** | **120,225** | **127,567** | Non-current Assets (By asset location) | Region | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Hong Kong | 129,775 | 134,477 | | Mainland China | 94,092 | 98,810 | | **Total** | **223,867** | **233,287** | [4.4 Information on a Major Customer](index=11&type=section&id=4.4%20Information%20on%20a%20Major%20Customer) - For the six months ended June 30, 2025, revenue from a major customer was **HK$41,482 thousand** (2024: HK$40,664 thousand), accounting for **10% or more** of the Group's total revenue, primarily from the Application Services and Solutions and Integration Services segments[26](index=26&type=chunk) [5. Revenue, Other Business Income, and Other Income and Gains](index=12&type=section&id=5.%20Revenue%2C%20Other%20Business%20Income%2C%20and%20Other%20Income%20and%20Gains) The Group's revenue primarily derives from customer contracts, with software-as-a-service products and maintenance services being the largest source, while other business income and gains mainly include VAT refunds and bank interest income [5.1 Revenue from Contracts with Customers](index=12&type=section&id=5.1%20Revenue%20from%20Contracts%20with%20Customers) Revenue from Contracts with Customers (By goods or service category) | Goods or Service Category | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Sale of goods and provision of software and Government Electronic Trading Services | 14,826 | 14,923 | | Provision of software implementation and related services, and IT solution implementation and related services | 37,947 | 45,779 | | Provision of Software-as-a-Service products and maintenance services | 66,624 | 66,006 | | **Total Revenue** | **119,397** | **126,708** | Revenue from Contracts with Customers (By timing of revenue recognition) | Timing of Revenue Recognition | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | At a point in time | 14,826 | 14,923 | | Over a period of time | 104,571 | 111,785 | | **Total Revenue** | **119,397** | **126,708** | - The amount of transaction price allocated to remaining performance obligations is expected to be recognized as revenue of **HK$47,270 thousand** within one year, and **HK$635 thousand** after one year[33](index=33&type=chunk) [5.2 Other Business Income and Other Income and Gains](index=14&type=section&id=5.2%20Other%20Business%20Income%20and%20Other%20Income%20and%20Gains) Other Business Income | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Recovery of VAT refunds | 312 | 131 | | Dividend income from listed investments at fair value through profit or loss | 92 | 98 | | Others | 843 | 122 | | **Total** | **1,247** | **408** | Other Income and Gains | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Bank interest income | 6,282 | 7,236 | | Gain on lease modification | 3 | - | | **Total** | **6,285** | **7,236** | [6. Profit Before Tax](index=15&type=section&id=6.%20Profit%20Before%20Tax) Profit before tax was HK$21,527 thousand, primarily influenced by depreciation, amortization, and employee benefit expenses, with total employee benefit expenses of HK$76,486 thousand including HK$9,327 thousand in research and development costs Components of Profit Before Tax (For the six months ended June 30) | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Depreciation of property, plant and equipment | 664 | 313 | | Depreciation of right-of-use assets | 2,387 | 4,045 | | Amortisation of other intangible assets | 6,449 | 6,673 | | Total employee benefit expenses | 76,486 | 77,430 | | Net impairment loss/(reversal of impairment loss) on trade receivables | (106) | 394 | - Employee benefit expenses include **HK$9,327 thousand** (2024: HK$9,689 thousand) for research and development costs of application software products[35](index=35&type=chunk) [7. Income Tax](index=16&type=section&id=7.%20Income%20Tax) Income tax expense was HK$2,969 thousand, with Hong Kong profits tax at 16.5% and a two-tiered tax rate for some subsidiaries; the Group is discussing additional R&D deductions with the tax authority and has objected to protective assessments and purchased tax reserve certificates Income Tax Expense (For the six months ended June 30) | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Current - Hong Kong | 4,131 | 3,974 | | Current - Other regions | 66 | 45 | | Deferred | (1,228) | (1,298) | | **Total tax expense for the period** | **2,969** | **2,721** | - Hong Kong profits tax rate is **16.5%**, with some subsidiaries subject to an **8.25%** tax rate on the first **HK$2,000,000** of assessable profits[36](index=36&type=chunk) - The Group is discussing additional deductions for R&D expenses with the tax authority, has objected to protective assessments for several tax years, and purchased tax reserve certificates, with directors believing sufficient tax provisions have been made[37](index=37&type=chunk)[38](index=38&type=chunk)[39](index=39&type=chunk) [8. Dividends](index=17&type=section&id=8.%20Dividends) The Board of Directors declared an interim dividend of HK$0.055 per ordinary share, consistent with the prior year - The Board resolved to declare an interim dividend of **HK$0.055** per ordinary share (2024: interim dividend of HK$0.055) payable in cash to the ordinary shareholders of the Company whose names appear on the register of members on Tuesday, September 2, 2025[41](index=41&type=chunk)[82](index=82&type=chunk) - The final dividend for the previous financial year, approved and paid during the interim period, amounted to **HK$13,353 thousand** (2024: HK$13,366 thousand)[40](index=40&type=chunk) [9. Earnings Per Ordinary Share Attributable to Owners of the Parent](index=18&type=section&id=9.%20Earnings%20Per%20Ordinary%20Share%20Attributable%20to%20Owners%20of%20the%20Parent) Basic earnings per share were 7.66 HK cents, and diluted earnings per share were 7.64 HK cents, both showing an increase compared to the prior year Earnings Per Share (For the six months ended June 30) | Metric | 2025 (HK cents) | 2024 (HK cents) | | :--- | :--- | :--- | | Basic earnings per share | 7.66 | 7.46 | | Diluted earnings per share | 7.64 | 7.42 | Number of Shares Used in Calculating Earnings Per Share (For the six months ended June 30) | Number of Shares | 2025 | 2024 | | :--- | :--- | :--- | | Weighted average number of ordinary shares in issue during the period used in calculating basic earnings per share | 242,787,539 | 243,670,021 | | Dilutive effect - weighted average number of ordinary shares: restricted shares granted under the Company's restricted share award scheme | 761,024 | 1,040,374 | | Number of shares used in calculating diluted earnings per share | 243,548,563 | 244,710,395 | [10. Trade Receivables](index=19&type=section&id=10.%20Trade%20Receivables) As of June 30, 2025, net trade receivables were HK$28,526 thousand, a decrease from December 31, 2024; credit terms generally do not exceed 60 days, and management strictly controls overdue amounts Trade Receivables (Net) | Metric | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Trade receivables | 33,466 | 44,522 | | Impairment | (4,940) | (5,008) | | **Net** | **28,526** | **39,514** | Ageing Analysis of Trade Receivables (Net) | Ageing | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Within one month | 16,991 | 24,232 | | One to three months | 6,436 | 9,269 | | Four to six months | 3,352 | 3,177 | | Seven to twelve months | 1,747 | 2,836 | | **Total** | **28,526** | **39,514** | - Net reversal of impairment loss on trade receivables was **HK$106 thousand** (2024: impairment loss of HK$793 thousand)[46](index=46&type=chunk) [11. Trade Payables, Other Payables, Accruals and Provisions](index=20&type=section&id=11.%20Trade%20Payables%2C%20Other%20Payables%2C%20Accruals%20and%20Provisions) As of June 30, 2025, total trade payables, other payables, and accruals amounted to HK$61,052 thousand, a decrease from December 31, 2024, with trade payables generally settled within 30 days Trade Payables, Other Payables, Accruals and Provisions | Item | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Trade payables | 8,661 | 12,176 | | Other payables | 31,877 | 31,034 | | Accruals | 19,694 | 27,264 | | Provisions | 820 | 795 | | **Total** | **61,052** | **71,269** | - Trade payables are generally settled within **30 days** and are non-interest bearing[47](index=47&type=chunk) [12. Contingent Liabilities](index=20&type=section&id=12.%20Contingent%20Liabilities) As of June 30, 2025, the Company provided guarantees of HK$31,700 thousand to banks for performance bonds/guarantees issued for certain Group contracts, of which HK$21,643 thousand was utilized at the reporting date - The Company has provided guarantees of **HK$31,700 thousand** to various banks for performance bonds/guarantees issued by them for certain contracts undertaken by the Group, of which **HK$21,643 thousand** was utilized as at the reporting date[48](index=48&type=chunk) [Chairman's Statement](index=21&type=section&id=Chairman's%20Statement) [Review](index=21&type=section&id=Review) Despite challenging economic conditions, the Group's net revenue after direct third-party costs slightly decreased by 1.7%, but gross profit margin improved to 56.7%; operating profit grew by 23.3% due to streamlined processes and cost control, and consolidated net profit attributable to shareholders moderately increased by 2.4%, with the Board declaring an interim dividend of HK$0.055 per share - Net revenue after direct third-party costs recorded **HK$108.0 million**, a slight decrease of **1.7%** compared to the same period last year[49](index=49&type=chunk) - Gross profit margin increased to **56.7%** (2024: 54.1%), operating profit increased by **23.3%** to **HK$17.7 million**, and operating profit margin improved from **11.3%** to **14.7%**[49](index=49&type=chunk) - Consolidated net profit attributable to shareholders moderately increased by **2.4%** to **HK$18.6 million**, with basic earnings per share increasing to **7.66 HK cents**[50](index=50&type=chunk) - The Board declared an interim dividend of **5.5 HK cents** per ordinary share, consistent with the previous payment[50](index=50&type=chunk) [Business Review](index=21&type=section&id=Business%20Review) The Group's business segments demonstrated resilience amidst macroeconomic challenges; Application Software revenue declined but SaaS orders grew with active AI R&D, Solutions and Integration Services saw reduced revenue but stable maintenance income and sought China collaborations, e-services outperformed, and Investments recorded a loss due to market sentiment [Application Software](index=21&type=section&id=Application%20Software) - Overall revenue for the Application Software segment decreased, but recurring revenue from Software-as-a-Service (SaaS) orders continued to grow, successfully maintaining segment profitability[51](index=51&type=chunk) - Pi HCM (cloud-native Human Capital Management software) secured several new client contracts, including one of Hong Kong's largest cleaning service groups, a major statutory body under the HKSAR Government, and a vibrant digital technology hub in Hong Kong[52](index=52&type=chunk) - Profit contribution from the enterprise procurement management software business decreased due to increased resource allocation for deploying the new ProSmart 3.0 version with cloud-native architecture and AI capabilities[53](index=53&type=chunk) - The Group remains committed to innovation, continuously investing in product R&D to reshape its software portfolio with new AI functionalities[54](index=54&type=chunk) [Solutions and Integration Services](index=22&type=section&id=Solutions%20and%20Integration%20Services) - Revenue for the Solutions and Integration Services segment decreased by **8.7%** to **HK$51.6 million**, primarily due to reduced professional service income and lack of third-party product sales, yet maintained stable recurring maintenance revenue[55](index=55&type=chunk) - Managed services continued to generate strong recurring revenue during the period, while development services capitalized on new opportunities in high-demand areas such as cybersecurity and independent testing services for government and other organizations[55](index=55&type=chunk) - The Group is establishing strategic partnerships with leading innovative technology companies in mainland China to capitalize on the increasing adoption of AI technology and the drive for technology localization in both mainland China and Hong Kong[55](index=55&type=chunk) [Electronic Services and Related Businesses](index=23&type=section&id=Electronic%20Services%20and%20Related%20Businesses) - The Group's GETS business outperformed the market, recording **double-digit growth** in both revenue and profit contribution during the reporting period[57](index=57&type=chunk) [Investments](index=23&type=section&id=Investments) - The challenging market environment continued to negatively impact the valuation of the Group's investment properties, resulting in a **HK$2.0 million** valuation markdown (2024: HK$1.0 million) and a **HK$0.8 million** loss for the Investment segment[58](index=58&type=chunk) [Outlook](index=23&type=section&id=Outlook) Despite mixed global economic prospects and potential pressure on Hong Kong government IT spending, the Group is well-equipped to face challenges with stringent cost management, precise marketing, recurring revenue from a large customer base, and a strong SaaS portfolio, while actively exploring overseas joint venture and M&A opportunities - The global economic outlook is mixed, and Hong Kong's fiscal deficit may lead to pressure on government IT spending, potentially affecting the Group's performance in the second half of 2025[59](index=59&type=chunk) - The Group is well-positioned to navigate the current environment with stringent cost management, precise marketing strategies, recurring revenue from a large existing customer base, and a strong Software-as-a-Service portfolio based on cloud-native architecture[59](index=59&type=chunk) - The Group is actively exploring various joint venture and merger and acquisition opportunities to expand into overseas markets, with a strategic initiative expected to materialize in the second half of the year[59](index=59&type=chunk) [Financial Review](index=24&type=section&id=Financial%20Review) [Net Revenue After Direct Third-Party Costs](index=24&type=section&id=Net%20Revenue%20After%20Direct%20Third-Party%20Costs) Net revenue after direct third-party costs slightly decreased by 1.7% to HK$108.0 million, primarily due to reduced professional service revenue recognition and delayed new contracts, though recurring revenue maintained stable growth - Net revenue after direct third-party costs slightly decreased by **1.7%** to **HK$108.0 million**, primarily due to reduced professional service revenue recognition and delayed new contracts[61](index=61&type=chunk) - Recurring revenue, including maintenance and Software-as-a-Service income, continued to maintain stable growth[61](index=61&type=chunk) - Cost of goods and services decreased by **30.9%** to **HK$12.3 million**, mainly due to reduced third-party product sales and outsourced services[61](index=61&type=chunk) [Staff Costs and Other Operating Expenses/Income](index=24&type=section&id=Staff%20Costs%20and%20Other%20Operating%20Expenses%2FIncome) Overall staff costs decreased by 1.2% due to headcount streamlining; sales and distribution expenses slightly increased, while net general and administrative expenses decreased by 10.7% due to office relocation and operational efficiency; other intangible asset amortization continued to decline, and other operating income increased due to government subsidies - Overall staff costs decreased by **1.2%** to **HK$76.5 million** due to headcount streamlining[61](index=61&type=chunk) - Net general and administrative expenses decreased by **10.7%** to **HK$26.7 million**, benefiting from office relocation and improved operational efficiency[62](index=62&type=chunk) - Amortization of other intangible assets decreased by **3.4%** to **HK$6.4 million**, while other operating income increased with the receipt of multiple government subsidies[63](index=63&type=chunk)[64](index=64&type=chunk) [Operating Profit](index=24&type=section&id=Operating%20Profit) Benefiting from cost and expense savings, operating profit increased by 23.3% to HK$17.7 million, with the operating profit margin improving to 14.7% - Benefiting from cost and expense savings, operating profit increased by **HK$3.3 million**, or **23.3%**, to **HK$17.7 million**[65](index=65&type=chunk) - The operating profit margin also improved, rising from **11.3%** in the same period last year to **14.7%** this year[65](index=65&type=chunk) [Net Non-Operating Income and Gains](index=24&type=section&id=Net%20Non-Operating%20Income%20and%20Gains) Other income and gains decreased by 13.1%, mainly due to lower bank interest income; investment properties recorded a HK$2.0 million fair value markdown, but a buoyant stock market led to a HK$0.3 million fair value gain on financial assets - Other income and gains decreased by **13.1%** to **HK$6.3 million**, primarily due to lower bank interest income during the reporting period[65](index=65&type=chunk) - Investment properties recorded a fair value markdown of **HK$2.0 million** (2024: HK$1.0 million), reflecting subdued market sentiment[65](index=65&type=chunk) - A buoyant stock market positively impacted the valuation of financial assets, resulting in a fair value gain of **HK$0.3 million** (2024: loss of HK$0.2 million)[65](index=65&type=chunk) [Income Tax Expense](index=24&type=section&id=Income%20Tax%20Expense) Income tax expense increased by 9.1% to HK$3.0 million, consistent with the rise in local assessable profits - Consistent with the increase in local assessable profits, income tax expense increased by **HK$0.2 million**, or **9.1%**, to **HK$3.0 million**[66](index=66&type=chunk) [Net Profit](index=25&type=section&id=Net%20Profit) Profit attributable to owners of the Company slightly increased by 2.4% to HK$18.6 million, with the net profit margin improving to 15.5% - Profit attributable to owners of the Company slightly increased by **HK$0.4 million**, or **2.4%**, to **HK$18.6 million**[67](index=67&type=chunk) - The net profit margin (calculated as profit attributable to owners for the period divided by total revenue) improved to **15.5%** (2024: 14.2%)[67](index=67&type=chunk) [Non-Current Assets](index=25&type=section&id=Non-Current%20Assets) Non-current assets moderately decreased by 4.2% to HK$228.1 million, primarily due to amortization of other intangible assets, investment property valuation markdown, and depreciation of right-of-use assets - Non-current assets moderately decreased by **HK$9.9 million**, or **4.2%**, to **HK$228.1 million** as of June 30, 2025[68](index=68&type=chunk) - This decrease was primarily due to the ongoing amortization of other intangible assets, the valuation markdown of investment properties, and depreciation of right-of-use assets[68](index=68&type=chunk) [Current Assets](index=25&type=section&id=Current%20Assets) Current assets slightly decreased by 1.4% to HK$428.7 million, mainly due to reduced trade receivables, prepayments, and cash balances, partially offset by increases in contract assets and refundable taxes - Current assets slightly decreased by **1.4%** to **HK$428.7 million** as of June 30, 2025[69](index=69&type=chunk) - This change was primarily due to decreases in trade receivables, prepayments and deposits paid, and cash and bank balances, partially offset by increases in contract assets and refundable taxes[69](index=69&type=chunk) [Current and Non-Current Liabilities](index=25&type=section&id=Current%20and%20Non-Current%20Liabilities) Total current and non-current liabilities decreased by 13.1% to HK$148.0 million, primarily due to reductions in trade payables, contract liabilities, and lease liabilities - The Group's current and non-current liabilities decreased by **HK$22.4 million**, or **13.1%**, to **HK$148.0 million**[70](index=70&type=chunk) - This decrease was primarily due to reductions in trade payables, contract liabilities, and lease liabilities[70](index=70&type=chunk) [Segment Assets and Liabilities](index=25&type=section&id=Segment%20Assets%20and%20Liabilities) Both Application Services and Solutions and Integration Services segments saw decreases in assets and liabilities, while Investment segment assets declined due to investment property valuation markdown - Segment assets for the Application Services business decreased, primarily due to amortization of other intangible assets, and reductions in right-of-use assets and trade receivables. Correspondingly, segment liabilities also decreased, reflecting a decline in accruals, contract liabilities, and lease liabilities[71](index=71&type=chunk) - Segment assets for the Solutions and Integration Services segment also decreased, due to reductions in trade receivables, prepayments, and deposits. Segment liabilities decreased, primarily due to reductions in trade payables and other payables, as well as contract liabilities[71](index=71&type=chunk) - Assets in the Investment segment decreased, primarily due to the valuation markdown of an investment property[72](index=72&type=chunk) [Equity Attributable to Owners of the Parent](index=25&type=section&id=Equity%20Attributable%20to%20Owners%20of%20the%20Parent) Total equity attributable to owners of the parent remained largely stable at HK$507.6 million as of June 30, 2025, with a slight increase reflecting profit generated during the period, partially offset by the final dividend paid - Total equity attributable to owners of the parent remained largely stable at **HK$507.6 million** as of June 30, 2025 (December 31, 2024: HK$501.1 million), a slight increase of **1.3%**[73](index=73&type=chunk) - The slight increase primarily reflects profit generated during the period, partially offset by the final dividend paid for 2024[73](index=73&type=chunk) [Other Information](index=25&type=section&id=Other%20Information) [Treasury Policy](index=25&type=section&id=Treasury%20Policy) The Group has adopted a prudent financial management approach to its treasury policy, maintaining a healthy liquidity position throughout the review period, and is committed to mitigating credit risk through continuous credit assessments and evaluating customer financial standing; to manage liquidity risk, the Board closely monitors the Group's liquidity to ensure its asset, liability, and other commitment liquidity structure can meet its funding needs - The Group has adopted a prudent financial management approach to its treasury policy, maintaining a healthy liquidity position[74](index=74&type=chunk) - Committed to mitigating credit risk through continuous credit assessments and closely monitoring liquidity to meet funding needs[74](index=74&type=chunk) [Pledge of Assets](index=26&type=section&id=Pledge%20of%20Assets) As of June 30, 2025, the Group pledged an investment property with a fair value of HK$55.0 million and bank balances of HK$0.2 million as security for general banking facilities, including guarantees/performance bonds totaling HK$33.9 million, of which HK$21.8 million was utilized - As of June 30, 2025, the Group pledged an investment property with a fair value of **HK$55.0 million** and bank balances of **HK$0.2 million**[75](index=75&type=chunk) - These were pledged as security for general banking facilities granted to the Group, including guarantees/performance bonds totaling **HK$33.9 million**, of which **HK$21.8 million** was utilized[75](index=75&type=chunk) [Financial Resources and Liquidity](index=26&type=section&id=Financial%20Resources%20and%20Liquidity) As of June 30, 2025, the Group's cash and cash equivalents were HK$326.9 million, with a current ratio of 3.3 and a gearing ratio of 22.5%, indicating a sound financial position - As of June 30, 2025, the Group's cash and cash equivalents amounted to **HK$326.9 million** (December 31, 2024: HK$128.9 million)[76](index=76&type=chunk) - The Group's current ratio was **3.3** (December 31, 2024: 2.9), and the gearing ratio was **22.5%** (December 31, 2024: 25.3%)[76](index=76&type=chunk) - The Group has no bank borrowings and has not adopted any hedging policies, but closely monitors foreign exchange risk[76](index=76&type=chunk) [Remuneration Policy and Employee Numbers](index=26&type=section&id=Remuneration%20Policy%20and%20Employee%20Numbers) The Group remunerates employees based on performance, experience, and market conditions, offering discretionary bonuses and other incentives for their contributions; as of June 30, 2025, the Group employed 335 full-time and 10 part-time employees and operates a share award scheme - The Group remunerates employees based on their performance, work experience, and prevailing market conditions, and may offer discretionary bonuses and other incentives[77](index=77&type=chunk) - As of June 30, 2025, the Group employed **335 full-time** and **10 part-time employees** (December 31, 2024: 337 full-time and 10 part-time employees)[77](index=77&type=chunk) - The Company has established a share award scheme to incentivize and reward employees who contribute to the Group's business success and to retain them for the Group's continued development[77](index=77&type=chunk) [Significant Investments and Transactions](index=26&type=section&id=Significant%20Investments%20and%20Transactions) As of June 30, 2025, the Group held no significant investments and undertook no major transactions involving the acquisition or disposal of subsidiaries - Save as disclosed in this announcement, the Group did not hold any significant investments as at June 30, 2025[78](index=78&type=chunk) - Save as disclosed in this announcement, the Group did not undertake any significant transactions involving the acquisition or disposal of subsidiaries during the period and up to the date of this announcement[79](index=79&type=chunk) [Future Plans for Material Investments or Capital Assets](index=26&type=section&id=Future%20Plans%20for%20Material%20Investments%20or%20Capital%20Assets) As of June 30, 2025, the Group had no specific plans for material investments or capital assets - As of June 30, 2025, the Group had no specific plans for material investments or capital assets[80](index=80&type=chunk) [Contingent Liabilities](index=26&type=section&id=Contingent%20Liabilities) Aside from the disclosed performance bonds/guarantees, the Group had no other significant contingent liabilities as of June 30, 2025 - Save as disclosed in this announcement, the Group had no significant contingent liabilities as at June 30, 2025[81](index=81&type=chunk) [Interim Dividend and Closure of Register of Members](index=26&type=section&id=Interim%20Dividend%20and%20Closure%20of%20Register%20of%20Members) The Board declared an interim dividend of HK$0.055 per share; to qualify for the dividend, the register of members will be closed from September 1 to September 2, 2025 - The Board declared an interim dividend of **HK$0.055** per ordinary share for the six months ended June 30, 2025[82](index=82&type=chunk) - The Company's register of members will be closed from Monday, September 1, 2025, to Tuesday, September 2, 2025 (both days inclusive)[83](index=83&type=chunk) - The dividend will be paid on or about Tuesday, September 16, 2025, to shareholders whose names appear on the Company's register of members on Tuesday, September 2, 2025 (the record date)[83](index=83&type=chunk) [Purchase, Redemption or Sale of the Company's Listed Securities](index=27&type=section&id=Purchase%2C%20Redemption%20or%20Sale%20of%20the%20Company's%20Listed%20Securities) Neither the Company nor any of its subsidiaries purchased, redeemed, or sold any of the Company's listed securities during the period - Neither the Company nor any of its subsidiaries purchased, redeemed, or sold any of the Company's listed securities during the period[84](index=84&type=chunk) [Corporate Governance Practices](index=27&type=section&id=Corporate%20Governance%20Practices) The Company is committed to maintaining high standards of corporate governance, emphasizing integrity, transparency, and accountability, believing good governance is crucial for success and shareholder value; the Board confirms compliance with the Corporate Governance Code in Appendix C1 of the Listing Rules during the reporting period - The Company is committed to maintaining high standards of corporate governance, emphasizing integrity, high transparency, and accountability[85](index=85&type=chunk) - The Board believes that the Company has complied with the code provisions set out in the Corporate Governance Code in Appendix C1 of the Listing Rules throughout the reporting period[85](index=85&type=chunk) [Standard Code for Securities Transactions](index=27&type=section&id=Standard%20Code%20for%20Securities%20Transactions) The Company has adopted the Standard Code set out in Appendix C3 of the Listing Rules as the code of conduct for directors' securities transactions, and all directors complied with it during the reporting period - The Company has adopted the Standard Code as set out in Appendix C3 of the Listing Rules as the code of conduct for directors' dealings in the Company's securities[87](index=87&type=chunk) - Based on specific enquiries made to all directors of the Company, all directors have complied with the required standards set out in the Standard Code for the six months ended June 30, 2025[87](index=87&type=chunk) [Risk Management Framework](index=27&type=section&id=Risk%20Management%20Framework) The Group has established an effective risk governance and management framework, overseen by the Board's Risk Management Committee, which regularly reviews and aligns risk appetite with business strategy; the Board considers the risk management and internal control systems effective - The Group has established an effective risk governance and management framework in accordance with the requirements set out in the Listing Rules and other regulations[88](index=88&type=chunk) - The Risk Management Committee, reporting to the Board, is designated as the highest authority responsible for the Group's risk management framework, directly participating in defining the Group's risk appetite[88](index=88&type=chunk) - The Board has reviewed and considers the Company's risk management and internal control systems to be effective and appropriate[89](index=89&type=chunk) [Audit Committee](index=28&type=section&id=Audit%20Committee) The Audit Committee, comprising three independent non-executive directors, is responsible for reviewing and overseeing financial reporting, risk management, and internal controls, and has reviewed these interim results and report - The Company has established an Audit Committee in accordance with Rule 3.21 of the Listing Rules, comprising three independent non-executive directors[90](index=90&type=chunk) - Its purpose is to review and oversee the Group's financial reporting process, risk management, and internal controls, and it has reviewed the Group's interim results and interim report for the six months ended June 30, 2025[90](index=90&type=chunk) [Publication of Interim Results and Interim Report](index=28&type=section&id=Publication%20of%20Interim%20Results%20and%20Interim%20Report) This announcement is published on the websites of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and the Company (www.ctil.com); the 2025 Interim Report will be available on these websites and sent to shareholders upon request - This announcement and the interim report have been published on the websites of The Stock Exchange of Hong Kong Limited (www.hkexnews.hk) and the Company (www.ctil.com)[91](index=91&type=chunk) [Acknowledgement](index=28&type=section&id=Acknowledgement) The Board and management extend their sincere gratitude to all staff, shareholders, customers, and business partners for their support - The Board and management extend their sincere gratitude to all staff, shareholders, customers, and business partners for their support to the Group during the period[92](index=92&type=chunk)