Group 1 - FMR LLC reduced its stake in Emerging Optical (00125) by 860,000 shares at a price of HKD 0.4138 per share, totaling approximately HKD 355,900 [1] - After the reduction, FMR LLC's remaining shareholding is approximately 20.616 million shares, representing a holding percentage of 7.85% [1]

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，概不對因本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。 於股東週年大會舉行日期，本公司之已發行股份（「股份」）總數為 262,778,286 股，此乃賦 予其持有人權利出席股東週年大會並於會上投票贊成或反對決議案之股份總數。此外，概 無股份賦予其持有人權利出席股東週年大會及需根據香港聯合交易所有限公司證券上市規 則（「上市規則」）第 13.40 條放棄表決贊成的權利。股東於股東週年大會上就任何決議案投 票均不受任何限制，並無股東需根據上市規則的要求放棄表決贊成的權利。 本公司之香港股份過戶處聯合證券登記有限公司獲委任為監票人，負責股東週年大會之點 票工作。以下為於股東週年大會上投票贊成及反對個別決議案之股份數目： | | | 出席及投票 | 票數(%) | | | --- | --- | --- | --- | --- | | | | （親自或其 委代表） | | | | | 普通決議案 | | 贊成 | 反對 | | 1. | 省覽、考慮及採納截至二零二五 ...

Group 1 - The article provides an overview of the investment activities of Hong Kong-listed companies on August 11, 2025, including new stock activities, earnings announcements, shareholder meetings, and dividend distributions [1] Group 2 - New stock activities include companies such as ZhiNuo Pharmaceutical-B (currently in the IPO process) and Zhonghui Biotechnology-B (listing date) [1] - Earnings announcements are scheduled for companies like Baosheng International, Yuanyuan Group, and Kang Shifu Holdings among others [1] - Shareholder meetings will be held for companies including Huatai Textile, Shandong Gold, and Sichuan Chengyu Expressway [1] - Dividend distributions are noted for companies like Jianbei Miao Miao and Kangnait Optical, with specific ex-dividend and payment dates mentioned [1]

Group 1 - The company *ST Lingda (300125.SZ) and its legal representative Wang Mingsheng, along with its wholly-owned subsidiary Jinzai Jiayue New Energy Technology Co., Ltd. and its legal representative Liu Enlu, have been restricted from consumption [1] - The restriction is a result of a financing lease contract dispute with Haier Financial Leasing Co., Ltd., involving an amount of approximately RMB 11.69 million [1]

Core Viewpoint - *ST Lingda (300125.SZ) is facing consumption restrictions due to a court ruling related to a financing lease contract dispute with Haier Financial Leasing Co., Ltd., involving an amount of approximately RMB 11.69 million [1] Group 1 - The company and its legal representative, Wang Mingsheng, along with its wholly-owned subsidiary, Jinzhai Jiayue New Energy Technology Co., Ltd., and its legal representative, Liu Enlu, have been restricted from consumption [1] - The consumption restriction is a result of the company's failure to fully fulfill payment obligations as per the court's judgment [1] - The company is actively coordinating financial arrangements to resolve the issue [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7月31日 狀態: 新提交 本月底法定/註冊股本總額： HKD 50,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 FF301 II. 已發行股份及/或庫存股份變動 | 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 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | | 已發行股份總數 | | | 上月底結存 | | | 262,778,286 | | | 0 | | 262,778,286 | | 增加 / 減少 (-) | | | | 0 | | 0 | | | | 本月底結存 | | | 262,778,286 | | | 0 | | 262,778,286 | 致：香港交易及結算所有限公司 公司名稱: ...

ANNUAL REPORT 2024 / 25 SUN HING VISION GROUP HOLDINGS LIMITED 目錄 | 2 | 財務重點 | | --- | --- | | 3 | 給股東的信 | | 6 | 董事及高層管理人員 | | 8 | 企業管治報告 | | 18 | 董事會報告 | | 29 | 獨立核數師報告 | | 36 | 經審核財務報表及附註 | | 119 | 財務摘要 | | 120 | 公司資料 | 新興光學集團控股有限公司 財務重點 收入 （千港元）截至三月三十一日止年度 本公司擁有人應佔溢利（虧損） （千港元）截至三月三十一日止年度 $828,476 $702,343 $704,914 $876,741 2025 2024 2023 2022 $(28,365) $(30,558) 2025 2024 $(32,247) $9,091 2023 2022 2021 $9,608 按地域劃分之收入 截至二零二五年三月三十一日止年度 39% 亞洲 36% 歐洲 24% 美國 $701,671 2021 按業務分類劃分之收入 截至二零二五年三月三十一日止年度 1% 其他 ...

Financial Statements [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) The group's revenue grew by 17.95% to HK$828.48 million, but net loss attributable to owners widened to HK$32.25 million due to increased expenses Consolidated Statement of Profit or Loss Summary | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Revenue | 828,476 | 702,343 | +17.95% | | Gross Profit | 93,771 | 74,948 | +25.11% | | Loss Before Tax | (41,132) | (39,013) | +5.43% | | Loss for the Year Attributable to Owners | (32,247) | (28,365) | +13.68% | | Basic Loss Per Share (HK cents) | (12.27) | (10.79) | +13.72% | [Consolidated Statement of Financial Position](index=3&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) Total assets slightly decreased to HK$892.95 million, and total equity reduced to HK$629.98 million due to the annual loss, while net current assets remained strong Consolidated Statement of Financial Position Summary | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Non-current Assets | 344,893 | 342,474 | +0.71% | | Current Assets | 548,057 | 563,481 | -2.74% | | **Total Assets** | **892,950** | **905,955** | **-1.44%** | | Current Liabilities | 250,191 | 221,342 | +13.03% | | Non-current Liabilities | 12,782 | 14,218 | -10.10% | | **Total Liabilities** | **262,973** | **235,560** | **+11.64%** | | **Total Equity** | **629,977** | **670,395** | **-6.03%** | - Cash and cash equivalents significantly decreased from **HK$275 million** to **HK$185 million**, while trade receivables and inventories increased, reflecting changes in working capital structure[4](index=4&type=chunk) Notes to the Financial Statements [3. Revenue and Segment Information](index=7&type=section&id=3.%20Revenue%20and%20Segment%20Information) Total revenue is primarily from eyewear product sales and trademark licensing, with the eyewear segment incurring a loss, while Japan's market revenue significantly increased Revenue by Type of Goods or Services | Type | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Eyewear Products | 826,942 | 700,442 | | Licensing Income | 1,534 | 1,901 | | **Total** | **828,476** | **702,343** | Revenue from External Customers by Geographical Location | Region | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Italy | 262,282 | 233,186 | +12.48% | | USA | 200,945 | 178,360 | +12.66% | | Japan | 93,994 | 27,021 | +247.86% | | China (excluding HK & Macau) | 87,078 | 101,118 | -13.88% | | Hong Kong & Macau | 40,591 | 46,047 | -11.85% | | Other Countries | 143,586 | 116,611 | +23.13% | - The eyewear product segment recorded a **HK$40.75 million loss**, while the trademark segment achieved a **HK$3.89 million profit**[20](index=20&type=chunk) [4. Other Income, Gains and Losses](index=11&type=section&id=4.%20Other%20Income%2C%20Gains%20and%20Losses) Total other income, gains, and losses decreased to HK$19.04 million, mainly due to reduced bank interest and foreign exchange gains, despite increased government grants Details of Other Income, Gains and Losses | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Bank Interest Income | 5,425 | 11,596 | | Government Grants | 5,223 | 520 | | Income from Sub-leasing Right-of-Use Assets | 4,526 | 4,411 | | Net Foreign Exchange Gains | 1,638 | 6,839 | | **Total** | **19,035** | **24,774** | [6. Finance Costs & 7. Income Tax Credit](index=12&type=section&id=6.%20Finance%20Costs%20%26%207.%20Income%20Tax%20Credit) Finance costs remained stable at HK$1.83 million, while the income tax credit decreased to HK$8.89 million, primarily due to deferred tax changes Finance Costs | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Interest on Bank Borrowings | 982 | 1,105 | | Interest on Lease Liabilities | 850 | 840 | | **Total** | **1,832** | **1,945** | - The income tax credit for the year was **HK$8.89 million**, primarily composed of a deferred tax credit of **HK$9.34 million**[27](index=27&type=chunk) [9. Dividends & 10. Loss Per Share](index=14&type=section&id=9.%20Dividends%20%26%2010.%20Loss%20Per%20Share) No final dividend is recommended for 2025, while a 2024 special dividend of HK$3.94 million was paid, and basic loss per share increased to HK$12.27 cents - The Board does not recommend the payment of a final dividend for the year ended March 31, 2025[32](index=32&type=chunk)[38](index=38&type=chunk) - A 2024 final special dividend of **HK$3.94 million** was paid during the year, but no interim dividend was declared for 2025[31](index=31&type=chunk)[32](index=32&type=chunk) - Basic loss per share was **12.27 HK cents**, higher than **10.79 HK cents** in the prior year[3](index=3&type=chunk)[33](index=33&type=chunk) [11. Trade and Other Receivables & 12. Trade and Other Payables](index=15&type=section&id=11.%20Trade%20and%20Other%20Receivables%20%26%2012.%20Trade%20and%20Other%20Payables) Total trade receivables increased to HK$208.12 million with more overdue amounts, and total trade payables rose to HK$139.64 million, while credit terms remain consistent Ageing Analysis of Trade Receivables (before provision) | Ageing | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Current | 153,012 | 131,496 | | 90 Days or Less Overdue | 44,428 | 21,247 | | Over 90 Days Overdue | 10,684 | 7,190 | | **Total** | **208,124** | **159,933** | Ageing Analysis of Trade Payables | Ageing | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Current and 90 Days or Less Overdue | 132,766 | 110,518 | | Over 90 Days Overdue | 6,871 | 1,250 | | **Total** | **139,637** | **111,768** | Management Discussion and Analysis [Business Review](index=16&type=section&id=Business%20Review) Consolidated turnover grew by 17.95% to HK$828 million, primarily from ODM business, but net loss widened to HK$32 million due to increased expenses and reduced other income Overall Performance Overview | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Consolidated Turnover | HK$828 million | HK$702 million | | Gross Profit Margin | 11.32% | 10.67% | | Loss for the Year Attributable to Owners | HK$32 million | HK$28 million | | Basic Loss Per Share | 12.27 HK cents | 10.79 HK cents | - Revenue growth was primarily driven by the **ODM business**, reflecting the group's success in increasing marketing efforts and establishing diversified production bases[40](index=40&type=chunk) - The expanded loss was attributed to reduced interest income and foreign exchange gains, coupled with increased marketing, business development, administrative expenses, and restructuring costs[40](index=40&type=chunk) [ODM Business](index=17&type=section&id=ODM%20Business) ODM business turnover surged by 27.57% to HK$657 million, driven by exceptional 118.92% growth in the Asian market ODM Business Turnover by Region | Region | 2025 (HK$ million) | 2024 (HK$ million) | Year-on-Year Growth | | :--- | :--- | :--- | :--- | | Europe | 298 | 265 | +12.45% | | USA | 196 | 175 | +12.00% | | Asia | 162 | 74 | +118.92% | | **Total** | **657** | **515** | **+27.57%** | [Branded Eyewear Distribution Business](index=17&type=section&id=Branded%20Eyewear%20Distribution%20Business) Branded eyewear distribution turnover declined by 8.11% to HK$170 million, mainly due to economic weakness and currency depreciation in Asia - Branded eyewear distribution business turnover decreased by **8.11%** to **HK$170 million**[43](index=43&type=chunk) - The decline in performance was primarily attributed to economic weakness in Asia (especially China) and the depreciation of Asian currencies[43](index=43&type=chunk) [Liquidity and Capital Resources](index=18&type=section&id=Liquidity%20and%20Capital%20Resources) The group maintains a sound financial position with HK$185 million cash and a 5.40% debt-to-equity ratio, but receivables turnover increased to 89 days Key Financial Ratios and Indicators (as at March 31, 2025) | Indicator | Value | | :--- | :--- | | Bank Balances and Cash | HK$185 million | | Bank Borrowings | HK$34 million | | Debt-to-Equity Ratio | 5.40% | | Net Current Assets | HK$298 million | | Current Ratio | 2.19 : 1 | | Receivables Turnover Period | 89 days (prior year: 81 days) | | Inventory Turnover Period | 63 days (prior year: 62 days) | [Prospects](index=18&type=section&id=Prospects) Management expects a challenging business environment due to geopolitics, tariffs, inflation, and unstable demand, focusing on efficiency, cost control, and new customer acquisition, with a new Vietnam plant opening next fiscal year - Expected challenges include ongoing pressure from geopolitics, new US tariffs, high inflation, and unstable market demand[47](index=47&type=chunk) - Response strategies involve enhancing production efficiency, outsourcing non-core operations, strengthening budget control, streamlining organizational structure, and optimizing the supplier network[48](index=48&type=chunk) - Strategic investment includes a new production facility in Vietnam, expected to be completed and operational in the next fiscal year, to diversify the production base[48](index=48&type=chunk) - For the branded business, the group will explore new sales channels, review its brand portfolio, and launch product series with more flexible pricing and diverse designs[49](index=49&type=chunk) Corporate Governance [Board and Committees](index=19&type=section&id=Board%20and%20Committees) The company adheres to high corporate governance standards, with a combined Chairman and CEO role, and independent non-executive directors chairing its Audit, Remuneration, and Nomination Committees - The company has complied with the Corporate Governance Code, with a deviation where the roles of Chairman and Chief Executive Officer are not separated[50](index=50&type=chunk)[51](index=51&type=chunk) - Audit, Remuneration, and Nomination Committees have been established, with members predominantly independent non-executive directors[52](index=52&type=chunk)[53](index=53&type=chunk)[54](index=54&type=chunk) - The company has adopted a Board Diversity Policy and will consider candidates based on gender, age, professional expertise, and other factors according to business needs[56](index=56&type=chunk)[57](index=57&type=chunk) [Other Matters](index=22&type=section&id=Other%20Matters) The Board decided against a final dividend for 2025, all directors complied with securities trading codes, and no listed securities were purchased, sold, or redeemed by the company - The Board resolved not to declare a final special dividend or final dividend for the year ended March 31, 2025[38](index=38&type=chunk) - All directors consistently complied with the standard code for securities transactions throughout the year[58](index=58&type=chunk) - During the year, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities[59](index=59&type=chunk)

签署《重整投资协议》仅5天后，公司便发生控制权变更，ST聆达重整转型半导体能否成行？ ST聆达（300125）4月2日晚公告，因控股股东大量股份被司法划转用于抵偿债务，ST聆达变更为无控股股东、无实控人状态。这将对公司股权结构、公 司治理等产生重大影响。 而在3月28日，ST聆达刚刚确定重整方案：精测电子实控人彭骞控制的两家半导体初创企业联合组成产业投资人，与ST聆达签署了《重整投资协议》。产 业投资人拟在取得ST聆达控制权后，将处于国内领先水平的电致变色EC膜材料业务或高精度金属掩膜版业务引入公司。 除控制权突变之外，ST聆达重整或还存在潜在风险挑战。根据目前监管要求，ST聆达存在的资金占用和违规担保问题原则上在进入正式重整前需解决， 这成为重整方案能否较快实施的一大挑战。此外，重整后ST聆达能否有足够资金引入半导体优质资产或切换主业，还有待观察。 而目前，ST聆达还在被证监会立案调查中，上述诸多不确定性，似乎也为公司重整之路平添了不少挑战。 重整方案"揭晓" ST聆达公告称，3月28日公司与预重整投资人签署《重整投资协议》。这家主要营收来源已于一年前停产的光伏企业，向重整迈出重要一步。 产业投资人为合肥威 ...

Financial Performance - The group's consolidated revenue increased by 16.52% to HKD 409 million for the six months ended September 30, 2024, compared to HKD 351 million in 2023[5]. - The ODM business revenue rose by 29.15% to HKD 319 million, accounting for 78.00% of the total revenue[6]. - The gross profit margin decreased to 12.88% from 14.52% in the previous year due to intense industry competition[5]. - The loss attributable to shareholders was HKD 11 million, compared to a loss of HKD 2 million in 2023, with a basic loss per share of HKD 0.043[5]. - The brand eyewear distribution business revenue declined by 13.59% to HKD 89 million, representing 21.76% of total revenue[8]. - Revenue for the six months ended September 30, 2024, was HKD 408,829,000, representing an increase of 16.4% compared to HKD 351,306,000 for the same period in 2023[37]. - Gross profit for the same period was HKD 52,669,000, up from HKD 51,013,000, indicating a slight increase in profitability[36]. - The company reported a net loss attributable to owners of HKD 11,308,000 for the six months ended September 30, 2024, compared to a loss of HKD 2,289,000 in the prior year, reflecting a significant increase in losses[38]. - The company reported a total revenue of HKD 408,829 thousand for the six months ended September 30, 2024, compared to HKD 351,306 thousand for the same period in 2023, representing a year-over-year increase of approximately 16.4%[57]. - The company experienced a total comprehensive loss of HKD 19,559 thousand for the six months ended September 30, 2024, compared to a loss of HKD 10,662 thousand for the same period in 2023[46]. - The company reported a loss before tax of HKD 15,805 thousand for the six months ended September 30, 2024, compared to a loss of HKD 15,755 thousand in the same period of 2023[61]. - The basic loss per share for the period was HKD 4.30, compared to HKD 0.87 in the same period last year, indicating a deterioration in earnings performance[38]. Financial Position - Cash and bank balances stood at HKD 197 million, with outstanding bank loans of approximately HKD 35 million[10]. - The current ratio was 2.26:1, indicating a strong liquidity position[10]. - The net asset value decreased from HKD 670 million to HKD 661 million during the review period[10]. - Total assets as of September 30, 2024, were HKD 676,961,000, a decrease from HKD 684,613,000 as of March 31, 2024[41]. - Current assets increased to HKD 586,404,000 from HKD 563,481,000, driven by higher inventory and accounts receivable[41]. - The company’s cash and cash equivalents decreased to HKD 197,236,000 from HKD 274,529,000, indicating a reduction in liquidity[41]. - The total equity as of September 30, 2024, was HKD 661,243,000, down from HKD 670,395,000 as of March 31, 2024[44]. - The company incurred financing costs of HKD 987,000, slightly higher than HKD 898,000 in the previous period, reflecting increased borrowing costs[36]. - The company reported a foreign exchange gain of HKD 6,098,000, a significant improvement compared to a loss of HKD 17,270,000 in the prior year[36]. - The company’s cash flow from operating activities was negative at HKD 64,368 thousand for the six months ended September 30, 2024[49]. - The company’s total assets as of September 30, 2024, were HKD 698,868 thousand, a decrease from HKD 722,369 thousand as of March 31, 2024[46]. Operational Efficiency and Strategy - The company anticipates a challenging business environment due to geopolitical tensions and macroeconomic factors, which will likely lead to fluctuating demand for eyewear products[17]. - The company plans to enhance overall efficiency by improving production efficiency, tightening budget controls, and optimizing supplier networks and logistics processes[17]. - A new production line in Vietnam is expected to strengthen product supply stability and diversification[17]. - The company aims to explore new sales channels and distribution partners for its eyewear brand distribution business[18]. - The introduction of a more flexible product range with customized design elements is planned to adapt to changing consumer preferences[18]. - The company maintains a strong financial position and is confident in overcoming future challenges while creating long-term value for stakeholders[18]. Corporate Governance - The company has established an audit committee to review financial reports and ensure compliance with internal controls and risk management[20]. - The board of directors is committed to maintaining high standards of corporate governance and has adopted a diversity policy for board member selection[23]. Shareholder Information - No interim special dividend or interim dividend was declared for the six months ended September 30, 2024, compared to a special dividend of HKD 0.015 per share in 2023[11]. - The total issued and paid-up share capital remained at 262,778,286 shares, valued at HKD 26,278,000[94]. - Directors and key executives hold a total of 141,533,828 shares, representing 53.86% of the company's issued share capital[107]. - United Vision International Limited, a major shareholder, holds 141,533,828 shares, accounting for 53.86% of the issued share capital[111]. - FMR LLC holds 26,277,000 shares, representing 9.99% of the issued share capital[114]. - Fidelity Puritan Trust owns 20,999,000 shares, which is 7.99% of the issued share capital[114]. - Preferable Situation Assets Limited has 18,346,000 shares, equating to 6.98% of the issued share capital[114]. - Yeo Seng Chong holds 13,160,000 shares, representing 5.01% of the issued share capital[114]. - The Vision Trust, established by directors Gu Yi Yong and Gu Jia Yong, is the ultimate beneficiary of the shares held by United Vision International Limited[115]. - FMR LLC indirectly holds 26,277,000 shares of the company, with 2,642,000 shares owned by Fidelity Management Trust Company and 2,338,000 shares by Fidelity Investments Canada ULC[116]. - David Michael Webb owns 28,984,000 shares, with 11,794,800 shares directly held and 17,189,200 shares held through his wholly-owned company, Preferable Situation Assets Limited[117]. - Fidelity Puritan Trust directly holds 20,999,000 shares of the company as of December 29, 2017[118]. - Yeo Seng Chong holds 13,160,000 shares, with 2,842,000 shares directly held and the remainder held through various entities including Yeoman Capital Management Pte Limited[119]. - Lim Mee Hwa also holds 13,160,000 shares, with 250,000 shares directly held and the rest held through her spouse and related entities[120]. - As of September 30, 2024, no other individuals are recorded as major shareholders in the company's shares[121].