Core Viewpoint - *ST Lingda has successfully received all restructuring investment funds from investors, totaling approximately RMB 1.06 billion, indicating full compliance with the restructuring plan [1] Group 1 - The total amount received from all investors is RMB 1,059,252,845.76, which is equivalent to approximately RMB 1.06 billion [1] - The restructuring investment funds have been fully paid by all restructuring investors as of December 19, 2025 [1]

Group 1 - The core point of the article is that *ST Lingda (300125.SZ) and its wholly-owned subsidiary Jinzhai Jiayue New Energy Technology Co., Ltd. have received a civil ruling from the Lu'an Intermediate People's Court, which approves their restructuring plans and terminates the restructuring procedures for both the company and its subsidiary [1] Group 2 - The Lu'an Intermediate People's Court has delivered a civil ruling that approves the restructuring plan for Lingda Group Co., Ltd. [1] - The court also approved the restructuring plan for Jinzhai Jiayue New Energy Technology Co., Ltd. [1] - The restructuring procedures for both the company and its subsidiary have been officially terminated [1]

Financial Performance - The group's consolidated revenue increased by 2.93% to HKD 421 million for the six months ended September 30, 2025, compared to HKD 409 million in 2024[5]. - The ODM business revenue rose by 6.90% to HKD 341 million, accounting for 81.00% of total revenue, with European and Asian markets growing by 12.59% and 41.77% respectively[6]. - The brand eyewear distribution business revenue declined by 11.24% to HKD 79 million, representing 18.76% of total revenue, primarily due to weak consumer demand in core markets[7]. - Revenue for the six months ended September 30, 2025, was HKD 420,938,000, an increase of 2.7% compared to HKD 408,829,000 for the same period in 2024[35]. - Total revenue for the six months ended September 30, 2025, was HKD 420,938 thousand, representing an increase from HKD 408,829 thousand in the prior year, with eyewear products contributing HKD 420,236 thousand[47]. - The company reported a net loss attributable to owners of HKD 20,410,000, compared to a loss of HKD 11,308,000 in the previous year, representing an increase in loss of 80.8%[35]. - The company reported a loss of HKD 20,410,000 for the six months ended September 30, 2025, compared to a loss of HKD 11,308,000 for the same period in 2024, representing an increase in loss of 80.5%[59]. Profitability and Margins - The gross profit margin decreased to 10.55% from 12.88% in 2024, attributed to intense industry competition[5]. - Gross profit decreased to HKD 44,397,000, down 15.6% from HKD 52,669,000 year-over-year[35]. - The basic loss per share for the period was HKD 7.77, compared to HKD 4.30 in the prior year, reflecting a deterioration in performance[35]. Cash Flow and Liquidity - As of September 30, 2025, the group held cash and bank balances of HKD 120 million, with outstanding bank loans of approximately HKD 41 million[9]. - Cash and cash equivalents decreased significantly to HKD 119,918,000 from HKD 185,279,000, a decline of 35.2%[38]. - For the six months ended September 30, 2025, the net cash used in operating activities was HKD (55,081) thousand, an improvement from HKD (64,368) thousand in the same period of 2024[42]. - The company incurred a net cash outflow from investing activities of HKD (12,217) thousand, significantly higher than HKD (2,656) thousand in the previous year[42]. - The company’s financing activities generated a net cash inflow of HKD 1,407 thousand, a recovery from a net outflow of HKD (10,714) thousand in the same period of 2024[42]. Assets and Liabilities - Total assets as of September 30, 2025, were HKD 558,681,000, compared to HKD 548,057,000 as of March 31, 2025, reflecting a slight increase of 1.3%[38]. - Current liabilities increased to HKD 292,735,000 from HKD 250,191,000, marking a rise of 17%[39]. - Total equity decreased to HKD 614,239,000 from HKD 629,977,000, a decline of 2.5%[39]. - Accounts receivable increased to HKD 269,003,000 as of September 30, 2025, from HKD 208,124,000 as of March 31, 2025, an increase of 29.2%[63]. - The aging analysis of accounts receivable shows that current receivables increased to HKD 246,927,000 from HKD 153,012,000, a rise of 61.4%[64]. Employee and Operational Costs - The company has approximately 3,100 employees, with compensation based on performance, service duration, and market conditions[14]. - Employee costs decreased to HKD 151,351,000 from HKD 153,412,000 year-over-year, a reduction of 1.4%[5]. - The company’s administrative costs for the six months ended September 30, 2025, were HKD (5,026) thousand, slightly higher than HKD (5,076) thousand in the previous year[49]. Strategic Initiatives - A new production facility in Vietnam has been completed, providing welcomed new capacity that the company plans to leverage to enhance production efficiency and competitiveness in the industry[18]. - The company aims to explore new sales channels and distribution partners for its branded eyewear business, while also reviewing its brand portfolio to incorporate new brands with strong potential[18]. - The company will introduce a more flexible product range with varied pricing to adapt to changing consumer behaviors and preferences, integrating more design and customization elements[18]. Market Conditions and Risks - The company anticipates continued volatility in market demand for eyewear products due to geopolitical and macroeconomic uncertainties, particularly from U.S. tariff measures affecting global supply chains since April 2025[18]. - The group closely monitors foreign exchange risks, primarily in USD, HKD, and RMB, utilizing forward contracts to manage potential risks[13]. - The company incurred a net foreign exchange loss of HKD 1,754,000, down from HKD 2,822,000 in the previous year, a decrease of 37.9%[5]. Shareholder Information - Major shareholders include individuals holding over 5% of the company's issued share capital, with significant holdings by directors[79]. - The Vision Trust holds 141,533,828 shares, representing 53.86% of the company's issued share capital[80]. - The total shares held by the top five shareholders account for 90.56% of the company's issued share capital[83][85][86]. - The company has a significant concentration of ownership among its major shareholders, indicating potential influence over corporate decisions[83][85][86]. - The changes in shareholdings reflect active trading and potential strategic repositioning among major investors[85].

Should you have any queries in relation to this letter, please call the Hong Kong Branch Share Registrar at (852) 2849 3399 during business hours from 9:00 a.m. to 5:00 p.m., Monday to Friday, excluding Hong Kong public holidays. SUN HING VISION GROUP HOLDINGS LIMITED 新興光學集團控股有限公司* (Incorporated in Bermuda with limited liability) （於百慕達註冊成立的有限公司） (Stock Code 股份代號: 125) NOTIFICATION LETTER 通知信函 Dear Registered Shareholder(s), 12 December 2025 The following document(s) of Sun Hing Vision Group Holdings Limited ...

SUN HING VISION GROUP HOLDINGS LIMITED 新興光學集團控股有限公司* (Incorporated in Bermuda with limited liability) （於百慕達註冊成立的有限公司） (Stock Code 股份代號: 125) NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder(s)(Note 1) , 12 December 2025 The following document(s) of Sun Hing Vision Group Holdings Limited (the "Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.sunhingoptical.com and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively ...

格隆汇12月3日丨*ST聆达（维权）(300125.SZ)公布重整计划，本重整计划草案将以聆达股份现股本 265,499,995股为基数（已扣除未完成回购注销的限制性股票），按每10股转增15股的比例实施资本公积 金转增股本，共计可转增398,249,992股股票，转增完成后聆达股份总股本为663,749,987股（最终转增的 准确股票数量以中登深圳分公司实际登记确认的数量为准）。前述转增的398,249,992股股票不再向现有 股东分配，其中302,868,048股由重整投资人支付现金予以受让，剩余95,381,944股用于抵偿聆达股份和 金寨嘉悦的债务。 ...

Core Points - *ST Lingda (300125.SZ) held its 32nd meeting of the sixth board of directors, approving several agreements related to the restructuring investment [1] - The company signed a supplementary agreement to adjust the rights adjustment plan outlined in the restructuring investment agreement with industrial investors [1] - Chengdu Jirui Xingyue Enterprise Management Co., Ltd. plans to withdraw from the restructuring investment, leading to the signing of a termination agreement with financial investors [2] Group 1 - The company approved the signing of a supplementary agreement regarding the restructuring investment agreement [1] - The rights adjustment plan in the restructuring investment agreement was modified through negotiations with industrial investors [1] - Chengdu Jirui Xingyue has agreed to terminate the restructuring investment agreement without any disputes regarding the termination [2] Group 2 - New financial investors have been designated following negotiations between the company's industrial investors and prospective financial investors [2] - The new financial investors include Beijing Yingcheng Information Consulting Service Center (Limited Partnership), Zibo Ronggang Enterprise Management Consulting Partnership (Limited Partnership), and Chengdu Jirui Jingchang Enterprise Management Partnership (Limited Partnership) [2] - The company is set to sign the financial investment agreement with the new financial investors on December 2, 2025 [2]

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: 新興光學集團控股有限公司 呈交日期: 2025年12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) | 00125 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 500,000,000 | HKD | | 0.1 | HKD | | 50,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 500,000,000 | HKD | | 0.1 | HKD | | 50,000,000 | 本月底法定/註冊 ...

新兴光学(00125)发布截至2025年9月30日止六个月中期业绩，集团收入4.21亿港元，同比增长2.96%;股 东应占亏损2041万港元，同比扩大80.49%;每股亏损7.77港仙。 ...

Core Viewpoint - New Horizon Optical (00125.HK) reported a 2.93% increase in consolidated revenue to HKD 421 million for the six months ending September 30, 2025, despite a weak overall economic environment, primarily driven by its Original Design Manufacturing (ODM) business [1] Financial Performance - The group's revenue increased to HKD 421 million compared to HKD 409 million in 2024 [1] - The company incurred restructuring expenses of HKD 7 million during the review period, aimed at improving efficiency, which was not present in 2024 [1] - Other income, gains, and losses decreased to HKD 1 million from HKD 8 million in 2024, mainly due to reduced bank interest income and government subsidies [1] - The gross profit margin fell to 10.55% from 12.88% in 2024, attributed to intense industry competition [1] - The company recorded a loss attributable to shareholders of HKD 20 million, compared to a loss of HKD 11 million in 2024 [1] - Basic loss per share was HKD 0.0777, up from HKD 0.0430 in 2024 [1]