Group 1: Company Overview - International Business Settlement Holdings Limited (IBS) aims to become a leading global fintech company, leveraging technologies like distributed networks and blockchain to develop the next-generation global clearing and settlement network [2] - IBS connects with real-time clearing systems of various central banks, providing a fast, efficient, and low-cost financial highway for cross-border transactions [2] - The company focuses on building a multi-currency, international, and distributed global clearing platform, facilitating point-to-point, 24/7, multi-currency real-time fund clearing and settlement for global trade enterprises and individuals [2] Group 2: Financial Performance - As of March 31, 2025, IBS reported total revenue of 172 million yuan, a year-on-year increase of 7.2%, while the net profit attributable to shareholders was -211 million yuan, a decrease of 283.37% [1] - The gross profit margin stood at -16.77%, and the debt-to-asset ratio was 89.04% [1] Group 3: Market Performance - As of July 17, the stock price of IBS closed at 0.151 HKD per share, marking a 21.77% increase with a trading volume of 42.115 million shares and a turnover of 5.8275 million HKD [1] - Over the past month, IBS has seen a cumulative increase of 138.46%, and a year-to-date increase of 40.91%, outperforming the Hang Seng Index by 22.22% [1] Group 4: Industry Valuation - The average price-to-earnings (P/E) ratio for the real estate industry is 10.11 times, while IBS has a P/E ratio of -11.01 times, ranking 111th in the industry [1] - Comparatively, other companies in the sector have P/E ratios such as 0.68 times for Bestway Global Holdings, 1.71 times for Hengda Group Holdings, and 2.27 times for China New City [1]

Company Overview - International Business Settlement (IBS) aims to become a leading global fintech company, leveraging distributed networks and blockchain technology to establish a next-generation global clearing and settlement network [4] - The company focuses on providing a fast, efficient, and low-cost financial highway for cross-border trade, connecting with real-time clearing systems of various central banks [4] Financial Performance - As of March 31, 2025, IBS reported total revenue of 172 million yuan, a year-on-year increase of 7.2%, while the net profit attributable to shareholders was -211 million yuan, a significant decrease of 283.37% [2] - The gross profit margin stood at -16.77%, and the debt-to-asset ratio was 89.04% [2] Market Position - IBS's price-to-earnings (P/E) ratio is -5.06, ranking 126th in its industry, which has an average P/E ratio of 10.06 [3] - The company has not received any investment rating suggestions from institutions [3] Industry Context - The fintech sector is experiencing significant transformation and development opportunities globally, with IBS positioning itself to capitalize on these trends [4] - IBS aims to build core financial infrastructure for sovereign nations and promote next-generation global clearing standards, enhancing connectivity across regions such as Europe, Central Asia, South Asia, Southeast Asia, the Middle East, and Africa [4]

Group 1 - The stock of International Commercial Settlement in Hong Kong surged over 170% in the afternoon session, currently up over 140% [1] - The market capitalization of the company has exceeded 3 billion HKD [1]

Group 1 - The core point of the article is that International Commercial Settlement (00147.HK) saw its stock price increase by over 150%, leading to a market capitalization exceeding 3 billion HKD [1] Group 2 - The significant rise in stock price indicates strong investor interest and potential positive sentiment towards the company's future prospects [1]

3. 秘書 INTERNATIONAL BUSINESS SETTLEMENT HOLDINGS LIMITED 國際商業結算控股有限公 司 （於百慕達註冊成立之有限公司） （股份代號：00147） （以下稱「本公司」） 提名委員會職權範圍 1. 成員 2. 主席 1 1.1 提名委員會應由本公司董事會（「董事會」）成立。 1.2 提名委員會成員應由董事會委任，並包括不少於三名成員，而提名委員會大部分成 員須為獨立非執行董事，至少一名成員為不同性別。 1.3 董事會應有權委任及罷免提名委員會成員。董事會亦應有權額外新增成員加入提名 委員會。 2.1 董事會應為提名委員會委任主席（「主席」），而主席應為董事會主席或一名獨立非執 行董事。 2.2 在任何提名委員會會議上如沒有主席，其餘出席任何根據本職權範圍召開的會議的 提名委員會成員應於提名委員會其餘成員中推選一人出任主席。 2.3 主席可由董事會隨時罷免，且主席應為董事會主席或一名獨立非執行董事。 3.1 公司秘書或其代名人擔任提名委員會秘書。 3.2 如沒有提名委員會秘書，出席會議的提名委員會成員應推選另一人出任秘書。 4. 通告 5. 法定人數 2 4.1 ...

[Performance Overview](index=1&type=section&id=%E6%A5%AD%E7%B8%BE%E5%85%AC%E4%BD%88) [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=1&type=section&id=%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) The Group's loss widened significantly this year due to soaring costs and major asset impairment losses, resulting in a loss from continuing operations of HK$387 million Key Metrics from Consolidated Statement of Profit or Loss (Continuing Operations) | Indicator | FY2025 (HK$ '000) | FY2024 (HK$ '000) | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 186,195 | 173,689 | +7.2% | | Gross (Loss)/Profit | (31,231) | 36,516 | Turned from profit to loss | | Impairment loss on property, plant and equipment | (70,600) | – | N/A | | Impairment loss on properties held for sale | (51,851) | (13,198) | +292.9% | | Impairment loss on trade and other receivables | (148,426) | (2,330) | +6270.2% | | Loss before tax | (371,411) | (51,961) | +614.8% | | Loss for the year from continuing operations | (387,351) | (61,327) | +531.6% | Loss Per Share | Loss Per Share (HK Cents) | 2025 | 2024 | | :--- | :--- | :--- | | From continuing operations | (1.13) | (0.25) | | From discontinued operations | – | (0.04) | | **Total** | **(1.13)** | **(0.29)** | [Consolidated Statement of Financial Position](index=4&type=section&id=%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) The Group's financial position weakened considerably, with net assets declining sharply and a shift from net current assets to net current liabilities indicating immense short-term liquidity pressure Key Metrics from Consolidated Statement of Financial Position | Indicator | 2025 (HK$ '000) | 2024 (HK$ '000) | YoY Change | | :--- | :--- | :--- | :--- | | Non-current assets | 378,059 | 562,018 | -32.7% | | Current assets | 1,167,711 | 1,404,147 | -16.8% | | **Total assets** | **1,545,770** | **1,966,165** | **-21.4%** | | Current liabilities | 1,375,889 | 1,367,768 | +0.6% | | Non-current liabilities | 486 | 21,841 | -97.8% | | **Total liabilities** | **1,376,375** | **1,389,609** | **-1.0%** | | **Net assets** | **169,395** | **576,556** | **-70.6%** | | Net current (liabilities)/assets | (208,178) | 36,379 | Shifted from net assets to net liabilities | [Notes to the Financial Statements](index=6&type=section&id=%E9%99%84%E8%A8%BB) [General Information and Basis of Preparation](index=6&type=section&id=1.%20%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E7%9A%84%E4%B8%80%E8%88%AC%E8%B3%87%E6%96%99%E5%8F%8A%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) The Group operates mainly in China across property development, hotel, and other businesses, and prepares its financial statements on a going concern basis despite having net current liabilities - The Group's principal businesses include property development, hotel, property management, computer equipment, and financing, with operations primarily in China[7](index=7&type=chunk) - Despite **net current liabilities of HK$208 million**, management prepares the financial statements on a going concern basis, citing confidence in future liquidity, including the renewal of **HK$378 million in borrowings**[8](index=8&type=chunk) [Revenue Analysis](index=8&type=section&id=3.%20%E6%94%B6%E5%85%A5) Total revenue grew to HK$186 million, driven by property sales which offset a decline in the computer equipment business, alongside a new contribution from property management services Revenue Composition | Revenue Stream | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Sale of properties | 78,233 | 42,259 | | Provision of property management services | 1,100 | – | | Computer equipment business income | 106,862 | 131,430 | | **Total** | **186,195** | **173,689** | - During the year, the Group acquired the property management segment, while in the prior year it abandoned the international business settlement segment and disposed of the contact lens business segment[15](index=15&type=chunk)[16](index=16&type=chunk) [Segment Reporting](index=10&type=section&id=4.%20%E5%88%86%E9%A1%9E%E5%A0%B1%E5%91%8A) The computer equipment segment became the primary source of loss, and a single customer from this segment accounted for over 10% of total group revenue Segment Performance (HK$ '000) | Segment | 2025 Segment Loss | 2024 Segment (Loss)/Profit | | :--- | :--- | :--- | | Property development | (130,114) | (62,110) | | Hotel business | – | – | | Property management | (194) | – | | Computer equipment business | (227,471) | 26,633 | | Financing business | (2) | 151 | | **Total** | **(357,781)** | **(35,326)** | - A major customer from the computer equipment business contributed approximately **HK$56.88 million in revenue**, representing **30.5% of the Group's total revenue**[29](index=29&type=chunk) Revenue and Assets by Geographical Area (HK$ '000) | Region | Revenue from external customers (2025) | Specified non-current assets (2025) | | :--- | :--- | :--- | | Hong Kong | 106,862 | 37,708 | | The PRC | 79,333 | 143,257 | | **Total** | **186,195** | **180,965** | [Major Asset Impairment Analysis](index=18&type=section&id=%E6%B8%9B%E5%80%BC%E8%99%A7%E6%90%8D) The Group recognized substantial impairment losses on multiple assets, with trade receivables being the most severely impacted due to customer defaults - **Loans receivable of HK$131 million** and **factoring receivables of HK$64.43 million** are both over 4 years past due and have been **fully provided for**, resulting in a carrying amount of zero[37](index=37&type=chunk)[40](index=40&type=chunk)[48](index=48&type=chunk) - An **impairment loss of HK$51.85 million** was recognized on completed properties held for sale due to a decline in market valuation[42](index=42&type=chunk) - The loss allowance for trade receivables surged from HK$0.32 million to **HK$146 million**, primarily related to customer defaults in the computer equipment leasing business[46](index=46&type=chunk) [Acquisition of a Subsidiary](index=28&type=section&id=19.%20%E6%94%B6%E8%B3%BC%E9%99%84%E5%B1%AC%E5%85%AC%E5%8F%B8) The Group acquired a property management company in Fuzhou for approximately HK$5.33 million, generating goodwill of around HK$2.23 million - The Group acquired 100% equity interest in a Fuzhou property management company for **HK$5.332 million**, generating **goodwill of HK$2.228 million**[58](index=58&type=chunk)[60](index=60&type=chunk) [Dividend](index=29&type=section&id=%E8%82%A1%E6%81%AF) The Board of Directors does not recommend the payment of any dividend for the year ended 31 March 2025 - The Board does not recommend the payment of a dividend for the current year[61](index=61&type=chunk) [Management Discussion and Analysis](index=29&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%A4%E8%A8%8E%E8%AB%96%E8%88%87%E5%88%86%E6%9E%90) [Overall Performance Review](index=29&type=section&id=%E6%95%B4%E9%AB%94%E6%A5%AD%E7%B8%BE) The Group's performance deteriorated sharply, with the annual loss expanding significantly due to four major impairment charges on various assets Key Performance Indicators | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Revenue (HK$ '000) | 186,195 | 173,689 | | Gross (Loss) Margin (%) | (16.8%) | 21.0% | | Loss for the year (HK$ '000) | (387,351) | (61,327) | | Loss per share (HK Cents) | (1.13) | (0.25) | | Net assets per share (HK Cents) | 0.83 | 2.84 | - The substantial increase in loss was mainly attributable to significant impairments on receivables and assets in the computer equipment leasing business, as well as property asset impairments due to the sluggish PRC property market[64](index=64&type=chunk) [Business Review and Prospects](index=30&type=section&id=%E7%B6%93%E7%87%9F%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7%E5%8F%8A%E5%89%8D%E6%99%AF) Business segments faced diverse challenges, with the computer equipment leasing business being the main driver of losses due to customer defaults [Property Development and Hotel Business](index=30&type=section&id=%E6%9F%B3%E5%B7%9E%E6%AD%A3%E5%92%8C%EF%BC%88%E7%89%A9%E6%A5%AD%E7%99%BC%E5%B1%95%E5%8F%8A%E9%85%92%E5%BA%97%E6%A5%AD%E5%8B%99%E5%88%86%E9%A1%9E%EF%BC%89) The property development segment's loss widened due to significant impairments and finance costs, while the hotel business suffered from a lapsed franchise agreement - The property development segment's loss widened to **HK$130 million**, mainly due to combined impairments of over **HK$91 million** on work-in-progress and properties for sale, and the expensing of **HK$55.05 million** in finance costs[74](index=74&type=chunk) - The hotel business's agreement with an international hotel franchisor has lapsed due to failure to obtain the completion certificate on time, resulting in an **impairment loss of HK$39.33 million**[76](index=76&type=chunk) [Property Management Business](index=35&type=section&id=%E7%89%A9%E6%A5%AD%E7%AE%A1%E7%90%86%E6%A5%AD%E5%8B%99) The Group entered the property management sector through an acquisition to diversify revenue streams, though its current contribution remains minimal - The Group entered the property management market through an acquisition to diversify its revenue streams, currently managing **492,000 sq.m. of residential** and **19,000 sq.m. of commercial GFA** in Fuzhou[77](index=77&type=chunk)[78](index=78&type=chunk) [Computer Equipment Leasing Business](index=36&type=section&id=%E7%A7%9F%E8%B3%83%E5%8F%8A%E8%B2%B7%E8%B3%A3%E8%A8%88%E7%AE%97%E6%A9%9F%E8%A8%AD%E5%82%99) This segment suffered a severe blow as falling Filecoin prices led to customer defaults, resulting in massive impairments on receivables and equipment - Due to the persistent decline in Filecoin prices, customers defaulted, leading the Group to make a **full impairment provision** on rental receivables; management used the ECL model, classifying these receivables as Stage 3 (credit-impaired) with a **100% probability of default (PD)**[80](index=80&type=chunk)[82](index=82&type=chunk)[85](index=85&type=chunk) - An **impairment loss of HK$31.27 million** was recognized on data storage equipment that had been idle for over six months after the lease term ended[87](index=87&type=chunk) [Other Businesses and New Project Updates](index=39&type=section&id=%E5%85%B6%E4%BB%96%E7%B6%93%E7%87%9F%E6%A5%AD%E5%8B%99) The contact lens business saw reduced losses, the financing business remained inactive, and planned new ventures in digital currency and logistics were either terminated or pending - After being reclassified as an associate, the Group's share of loss from the contact lens business **decreased from HK$6.51 million to HK$3.97 million**[89](index=89&type=chunk) - The financing business is stagnant, with all overdue loans having been fully impaired in previous years[90](index=90&type=chunk) - The proposed digital currency joint venture in Laos has been terminated, with no investment paid by the Group[91](index=91&type=chunk) [Financial Position Review](index=41&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) The Group's financial position deteriorated significantly, marked by a shift to net current liabilities and a sharply increased gearing ratio, indicating heightened financial risk - The Group shifted from **net current assets of HK$36.38 million** to **net current liabilities of HK$208 million**, mainly due to significant impairments on trade receivables and properties held for sale[96](index=96&type=chunk) Financial Ratio Changes | Ratio | As at 31 March 2025 | As at 31 March 2024 | | :--- | :--- | :--- | | Current ratio | 0.85 | 1.03 | | Gearing ratio | 3.45 | 1.03 | - As at 31 March 2025, the Group had pledged property, plant and equipment with a value of approximately **HK$65.57 million** as security for borrowings[101](index=101&type=chunk) [Corporate Governance and Other Information](index=43&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%8F%8A%E5%85%B6%E4%BB%96%E8%B3%87%E6%96%99) [Corporate Governance](index=43&type=section&id=%E5%AE%88%E5%BE%AA%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%B8%B8%E8%A6%8F%E5%AE%88%E5%89%87) The Company deviated from the Corporate Governance Code, most notably with the continued vacancy of the Chairman and CEO positions - The Company deviated from the Corporate Governance Code as the **positions of Chairman and CEO were both vacant**, with their duties handled collectively by the executive Directors[107](index=107&type=chunk) - The vacancy of the Chairman position led to other deviations, such as the failure to hold an annual meeting between the Chairman and independent non-executive Directors and the Chairman's absence from the AGM[111](index=111&type=chunk) [Audit Committee](index=44&type=section&id=%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%93%A1%E6%9C%83) The Audit Committee, comprising three independent non-executive directors, has reviewed the annual audited results and discussed key matters with management - The Audit Committee, composed of three independent non-executive Directors, has reviewed the audited consolidated results for the year[110](index=110&type=chunk)

國際商業結算控股有限公 司 （於百慕達註冊成立之有限公司） （股份代號：00147） 盈利警告 本公佈乃由國際商業結算控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據香港 聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2)(a)條及香港法例第571章證券及期 貨條例第XIVA部之內幕消息條文（定義見上市規則）而作出。 本公司董事（「董事」）會（「董事會」）謹此通知本公司股東（「股東」）及潛在投資者，根據對本集 團截至二零二五年三月三十一日止年度之未經審核綜合管理賬目作出之初步審閱，並考慮到 董事會現有的資料，與截至二零二四年三月三十日止年度之經審核綜合年內虧損約125百萬港 元相比，本集團預期截至二零二五年三月三十一日止年度錄得綜合虧損約400百萬港元，同比 大幅增加約220%。有關虧損增加主要由於(i)承租人應收本集團數據存儲設備之租賃費用減值 虧損撥備；(ii)出租數據存儲設備之價值減值虧損撥備；及(iii)由於中國房地產市場情況欠佳， 故在建物業及待售物業減值虧損撥備增加。 由於本公司仍在預備本集團截至二零二五年三月三十一日止年度之全年業績。本公佈內的資 料僅根據本集團管理層對 ...

（於百慕達註冊成立之有限公司） （股份代號：00147） 董事會會議召開日期 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之內容概不負責，對其 準確性或完整性亦不發表任何聲明，且表明不會就因本公佈全部或任何部份內容或因倚 賴該等內容而引致之任何損失承擔任何責任。 執行董事 INTERNATIONAL BUSINESS SETTLEMENT HOLDINGS LIMITED 國 際 商 業 結 算 控 股 有 限 公 司 袁亮 國際商業結算控股有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，本公司 將於二零二五年六月二十七日(星期五)舉行董事會會議，藉以(其中包括)考慮及批准本公 司及其附屬公司截至二零二五年三月三十一日止年度之經審核全年業績及其發佈，以及 考慮派發末期股息(如有)。 承董事會命 國際商業結算控股有限公司 香港，二零二五年六月十七日 於本公佈日期，董事會由執行董事袁亮先生及陳少達先生；非執行董事劉雨先生及獨立 非執行董事葉勇先生、陳嵐冉女士及王建平先生組成。 ...

Group 1 - The core viewpoint of the news highlights the performance of International Business Settlement (IBS) in the Hong Kong stock market, noting a recent increase in stock price despite significant year-to-date declines [1] - As of June 9, the Hang Seng Index rose by 1.63%, while IBS's stock price increased by 14.0% to HKD 0.057 per share, with a trading volume of 915,000 shares and a turnover of HKD 49,300 [1] - IBS has experienced a cumulative decline of 10.71% over the past month and a 43.18% decline year-to-date, underperforming the Hang Seng Index by 18.61% [1] Group 2 - Financial data for IBS shows total revenue of HKD 96.37 million for the year ending September 30, 2024, representing a year-on-year growth of 6.7%, while the net profit attributable to shareholders was a loss of HKD 43.06 million, an increase of 26.4% [1] - The gross profit margin for IBS stands at 12.89%, with a debt-to-asset ratio of 75.01% [1] - Currently, there are no institutional investment ratings for IBS [1] Group 3 - IBS aims to become a leading global fintech company, leveraging distributed networks and blockchain technology to create a next-generation global clearing and settlement network [2] - The company focuses on connecting with real-time clearing systems of central banks to provide efficient, low-cost financial services for cross-border trade, particularly targeting countries along the Belt and Road Initiative [2] - IBS is building a multi-currency, international, and distributed global clearing platform, which is designed to facilitate real-time fund clearing and settlement across various regions, enhancing connectivity between sovereign nations [2]

Company Overview - International Business Settlement Holdings Limited (IBS) aims to become a leading global fintech company, leveraging distributed networks and blockchain technology to establish a next-generation global clearing and settlement network [3] - The company focuses on providing a fast, efficient, and low-cost financial highway for cross-border transactions, connecting with real-time clearing systems of various central banks [3] Financial Performance - As of September 30, 2024, IBS reported total revenue of 96.37 million HKD, a year-on-year increase of 6.7% [1] - The company recorded a net profit attributable to shareholders of -43.06 million HKD, reflecting a year-on-year growth of 26.4% [1] - The gross profit margin stood at 12.89%, with a debt-to-asset ratio of 75.01% [1] Market Position - IBS's price-to-earnings (P/E) ratio is -23.41, ranking 104th in its industry, which has an average P/E ratio of 4.81 [2] - The company has underperformed the Hang Seng Index, with a cumulative decline of 44.32% year-to-date, compared to the index's increase of 17.51% [1] Industry Context - The fintech sector is experiencing significant transformation and development opportunities globally, with IBS positioning itself to capitalize on these trends [3] - The company aims to build a multi-currency, international, and distributed global clearing platform, targeting markets along the Belt and Road Initiative [3]