Core Insights - ST Xiangxue (300147.SZ) reported a total operating revenue of 1.859 billion yuan for 2024, ranking 39th among disclosed peers, which represents a decrease of 441 million yuan or 19.16% year-on-year [1] - The company recorded a net profit attributable to shareholders of -859 million yuan, ranking 68th among peers, a decline of 470 million yuan compared to the same period last year [1] - Operating cash flow showed a net inflow of 18.17 million yuan, ranking 53rd among peers, down 245 million yuan or 93.10% year-on-year [1] Financial Ratios - The latest debt-to-asset ratio stands at 80.81%, ranking 66th among peers, an increase of 8.75 percentage points from the previous year [3] - The latest gross profit margin is 24.36%, ranking 64th among peers [3] - Return on equity (ROE) is reported at -81.39%, ranking 66th among peers, a decrease of 61.18 percentage points year-on-year [3] - The diluted earnings per share is -1.30 yuan, ranking 67th among peers, a reduction of 0.71 yuan compared to the same period last year [3] - The total asset turnover ratio is 0.24 times, ranking 60th among peers, a decline of 0.04 times or 13.29% year-on-year [3] - The inventory turnover ratio is reported at 3.74 times [3] Shareholder Structure - The number of shareholders is 63,500, with the top ten shareholders holding 196 million shares, accounting for 29.62% of the total share capital [3] - The largest shareholder is Guangzhou Kunlun Investment Co., Ltd., holding 22.5 million shares [3] - Other notable shareholders include Guangzhou Luogang Water Supply Co., Ltd. (4.06 million shares) and various institutional investors [3]

Group 1 - The stock price of ST Xiangxue (300147) closed at 4.95 yuan, down 17.77% as of April 7, 2025, with a turnover rate of 6.27% and a trading volume of 412,200 hands, amounting to 224 million yuan [1] - The latest financial results for ST Xiangxue show total operating revenue of 1.534 billion yuan, a year-on-year decrease of 11.26%, and a net profit attributable to shareholders of 217.8 million yuan, down 49.10% year-on-year [1] - The company has a current ratio of 0.360, a quick ratio of 0.279, and a debt-to-asset ratio of 73.72% [1] Group 2 - ST Xiangxue has made investments in 39 companies and participated in 2,125 bidding projects, indicating active engagement in business expansion [2] - The company holds 242 trademark registrations and 166 patents, showcasing its focus on intellectual property [2] - Additionally, ST Xiangxue possesses 239 administrative licenses, reflecting its compliance and operational capabilities [2]

Core Viewpoint - Xiangxue Pharmaceutical has been penalized for information disclosure violations, leading to a warning and fines for its actual controller, Wang Yonghui, and other executives, while the company's stock has been marked with risk warnings due to false financial reporting [2][6]. Summary by Sections Company Penalties and Stock Status - On March 23, Xiangxue Pharmaceutical announced that Wang Yonghui received a warning and a fine of 10 million yuan, with several others also penalized. The company's stock will be marked with risk warnings, changing its name to "ST Xiangxue" while retaining the stock code "300147" [2]. - The stock will be suspended for one day starting March 24, 2025, and will resume trading on March 25, 2025 [2]. Violations and Financial Misreporting - The company was found to have false records in its 2019 annual report, which inflated profits by 53.83 million yuan, accounting for 45.98% of the total reported profit for that year [3]. - From 2016 to 2020, Xiangxue Pharmaceutical failed to disclose significant non-operating fund occupations involving related parties, with amounts of 585 million yuan, 845 million yuan, 1.408 billion yuan, 657 million yuan, and 1.357 billion yuan respectively [4]. Related Party Transactions - The company engaged in transactions that resulted in non-operating fund occupations, with undisclosed amounts in annual reports from 2016 to 2019, only revealing 1.262 billion yuan in the 2020 report [4][5]. - The undisclosed fund occupations represented significant percentages of the company's net assets, ranging from 2.22% to 38.79% across the years [4][5]. Management Accountability - Wang Yonghui was identified as the organizer of the fund occupation activities, leading to penalties for him and other executives, with fines ranging from 150,000 to 2 million yuan [6].

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。 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） 須予披露交易－有關 收購目標公司100%股權 買賣協議 董事會欣然宣佈，於二零二五年二月二十四日（交易時段後），賣方與買方訂立買賣協議，據 此，買方同意購買而賣方同意出售總代價為人民幣5百萬元之銷售股權。 上市規則之涵義 由於有關收購事項之最高適用百分比率（定義見上市規則）超過5%但低於25%，根據上市規 則第十四章，收購事項構成本公司的一項須予披露交易。因此，收購事項須遵守上市規則項 下的通告及公佈規定。 1 買賣協議 董事會欣然宣佈，於二零二五年二月二十四日（交易時段後），賣方與買方訂立買賣協議，據 此，買方同意購買而賣方同意出售總代價為人民幣5百萬元之銷售股權。 買賣協議之主要條款載列如下： 日期： 二零二五年二月二十四日 ...

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。 更改香港股份過戶登記分處 國際商業結算控股有限公司 (「本公司」) 董事會宣佈自二零二五年二月十七日起, 本公 司之香港股份過戶登記分處將更改為: - 卓佳證券登記有限公司 香港夏慤道 16 號 遠東金融中心 17 樓 電話 : (852) 2980 1333 傳真 : (852) 2810 8185 由二零二五年二月十七日起, 有關本公司之股份過戶及登記手續將由卓佳證券登記有限 公司辦理。 於二零二五年二月十四日下午四時三十分後仍未領取之股票, 可於二零二五 年二月十七日起從卓佳證券登記有限公司領取。 承董事會命 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） 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 ...

INTERNATIONAL BUSINESS SETTLEMENT HOLDINGS LIMITED 國際商業結算控股有限公 司 (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） International Business Settlement Holdings Limited (the "Company") Notification of publication of Interim Report 2024 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications (Note) are available on the Company's website at www.147hk.com and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchang ...

INTERNATIONAL BUSINESS SETTLEMENT HOLDINGS LIMITED 國際商業結算控股有限公 司 （股份代號：00147） NOTIFICATION LETTER 通知信函 24 December 2024 (Incorporated in Bermuda with limited liability) Dear Registered Shareholder, International Business Settlement Holdings Limited (the "Company") Notification of publication of Interim Report 2024 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.147hk.com and the websi ...

Financial Performance - The company reported a loss attributable to owners of HK$47.75 million for the six months ended 30 September 2024, compared to a loss of HK$25.575 million in the same period in 2023[9] - Basic loss per share for continuing operations was HK$0.24 for the six months ended 30 September 2024, compared to HK$0.13 in the same period in 2023[12] - The company's total segment loss for continuing operations was HK$45.726 million for the six months ended 30 September 2024, with unallocated corporate expenses of HK$15.325 million and bank interest income of HK$6.624 million[33] - The Group incurred a loss of approximately HK$65,429,000 for the reporting period, mainly due to an impairment loss on properties held for sale of HK$31,103,000 and finance costs of HK$28,353,000[138] - The gross profit margin decreased to 12.89% from 20.30% in the previous period, primarily due to higher average selling prices in the previous period and stable margins in the leasing and trading of computer equipment[141] - The Group's net asset value per share is HK$2.39 cents, compared to HK$2.84 cents in the previous period[136] - The company recorded a segment loss of approximately HK$59,250,000 for the reporting period, mainly due to an impairment loss of HK$31,103,000 and finance costs of HK$28,353,000[170] Revenue and Business Segments - Revenue from the computer equipment business, a continuing operation, was HK$106.862 million for the six months ended 30 September 2024[33] - Revenue from continuing operations for the reporting period is approximately HK$106,862,000, compared to HK$100,154,000 in 2023, primarily derived from the leasing and trading of computer equipment[136] - Revenue from leasing data storage equipment was approximately HK$75.78 million, up from HK$57.61 million in 2023, while trading of data storage equipment generated HK$31.08 million, compared to nil in 2023[178] - Segment profit from data storage equipment leasing and trading was HK$13.52 million, up from HK$10.92 million in 2023[178] - The Group did not generate any revenue from property sales in the current period due to unfavorable conditions in the PRC's real estate industry[136] Assets and Liabilities - The company's total carrying value of property, plant, and equipment was HK$309.199 million as of 30 September 2024, down from HK$353.615 million as of 31 March 2024[17][18] - The company's total assets for continuing operations included HK$120,000 for furniture and office equipment, HK$277,000 for motor vehicles, HK$185.998 million for construction in progress, HK$3.491 million for right-of-use assets, and HK$119.313 million for server equipment as of 30 September 2024[17] - Trade receivables increased significantly to HK$149,820,000, up from HK$73,955,000[81] - Other receivables and prepayments totaled HK$188,650,000, up from HK$142,483,000[81] - Factoring receivables over 5 years totaled HK$66,707,000 as of 30 September 2024, secured by accounts receivables with an interest rate of 6.5%[89] - Restricted bank deposits were approximately HK$452,000 as of 30 September 2024, with HK$345,000 frozen by the court and HK$326,000 restricted for property project construction costs[93] - Borrowings carried fixed interest rates ranging from 3% to 18%, with HK$128,928,000 secured by hotel rooms under construction[102][104] - Unsecured borrowings included HK$7,594,000 at 18% interest, HK$22,205,000 at 3% interest from a related party, and HK$391,105,000 at 12% interest[106] - Contract liabilities increased from HK$84,254,000 to HK$86,726,000 due to exchange adjustments[109] - Guarantees provided to banks for mortgage facilities amounted to HK$465,615,000 as of 30 September 2024[116] - The carrying amount of loan receivables was HK$129.05 million as of 30 September 2024, up from HK$125.37 million as of 31 March 2024[185] Expenses and Costs - Total staff costs increased to HK$7,088,000, up from HK$5,788,000 in the previous year[48] - Depreciation of property, plant, and equipment rose to HK$54,140,000, compared to HK$39,861,000 in the prior period[48] - Cost of inventories recognized as expenses decreased to HK$29,602,000 from HK$33,220,000[48] - The Group's retirement benefit scheme contributions for key management personnel amounted to HK$2,700,000 for the six months ended 30 September 2024, compared to HK$2,638,000 in the same period last year[130] Property Development and Construction - The construction of both Phase I and Phase II of Zhenghe City, with a total gross floor area of approximately 998,000 square meters, is substantially completed[140] - Total site area for Phase I and Phase II is 373,000 sq.m, with a gross floor area of 998,000 sq.m and 290,000 sq.m of unsold saleable area remaining[148] - Zone C has approximately 26,000 sq.m of unsold saleable area for studio/office buildings and 83,000 sq.m for retail outlets and car parking spaces[160] - Zone D1 has approximately 44,000 sq.m of unsold saleable area for car parking spaces and retail shops[162] - Zone F has approximately 8,000 sq.m of unsold retail outlets and 27,000 sq.m of unsold car parking spaces[169] - The hotel business in Zone E1 has a gross floor area of approximately 31,000 sq.m, but operations are delayed due to the lack of a completion certificate[175] Impairment and Losses - Impairment loss on completed properties held for sale recognized at HK$31,103,000 for the period ended 30 September 2024[80] - An impairment loss of HK$31,103,000 was recognized for properties held for sale as the net realizable value was lower than the carrying amount[172] Share Options and Dividends - The total number of shares available for issuance under the share option scheme is 2,031,907,232, representing approximately 10% of the total issued shares as of the reporting date[119] - The Group's share option scheme, approved on 11 September 2023, will expire on 11 September 2033, with the exercise price determined based on the stock price on the Hong Kong Stock Exchange[121][128] - The company did not pay, declare, or propose any dividends during the reporting period[8] - No dividends were declared or paid during the reporting period[190] Accounting and Financial Reporting - The company's financial statements were prepared in accordance with Hong Kong Accounting Standard 34 and the applicable disclosure provisions of the Main Board Listing Rules[2] - The company's accounting policies for the reporting period were consistent with those used in the 2023/2024 annual financial statements, except for amendments to Hong Kong Financial Reporting Standards effective from 1 April 2024[3][5] - The weighted average number of shares for calculating basic loss per share was 20,319,072,320[193] Cryptocurrency and Future Plans - The Group anticipates a shift towards a more friendly regulatory regime for cryptocurrencies in Hong Kong and plans to expand its involvement in the cryptocurrency sector[179] - Due to the declining market price of Filecoin, some lessees have decided not to renew their leases, prompting the Group to negotiate and adjust leasing fees to attract new customers[180] Subsequent Events and Other Information - No major subsequent events have occurred since 30 September 2024 up to the date of this interim report[133] - The Group has no prepaid land value-added tax or corporate income tax related to contract liabilities as of 30 September 2024[188]

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。 更改百慕達主要股份過戶登記處 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） 國際商業結算控股有限公司 (「本公司」) 董事會(「董事會」) 謹此宣佈，自二零二五 年一月一日開始，本公司於百慕達之主要股份過戶登記處將更改為： Appleby Global Corporate Services (Bermuda) Limited Canon's Court, 22 Victoria Street, PO Box HM 1179, Hamilton HM EX Bermuda 本公司於香港之股份過戶登記分處仍然為卓佳秘書商務有限公司，地址為香港夏愨道16 號遠東金融中心17樓。 國際商業結算控股有限公司 執行董事 袁亮 香港，二零二四年十二月十九日 於本公佈日期 ...

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 106,862,000, an increase of 6.8% compared to HKD 100,154,000 for the same period in 2023[2] - Gross profit decreased to HKD 13,773,000 from HKD 20,325,000, reflecting a decline of 32.3% year-on-year[2] - Loss from continuing operations attributable to owners was HKD 47,750,000, compared to a loss of HKD 25,575,000 in the previous year, representing an increase of 86.7%[3] - Total comprehensive loss for the period was HKD 65,429,000, down from HKD 88,428,000 in the same period last year, indicating a reduction of 26.0%[5] - The company reported a significant increase in sales and service costs, which rose to HKD 93,089,000 from HKD 79,829,000, an increase of 16.5%[2] - The group recorded a loss from continuing operations of approximately HKD 65,429,000 for the period ending September 30, 2024[30] - The group incurred a loss of HKD 45,726,000 for the six months ending September 30, 2024, compared to a loss of HKD 18,261,000 for the same period in 2023[42] - The company reported a loss attributable to owners of the company of HKD (47,750,000) for the six months ended September 30, 2024, compared to a loss of HKD (25,575,000) in the same period of 2023[56] - The company recorded a loss of HKD 65,429,000 for the period, compared to a loss of HKD 34,436,000 in the previous year, reflecting an increase in losses of approximately 90%[118] Assets and Liabilities - Non-current assets decreased to HKD 509,516,000 from HKD 562,018,000, a decline of 9.3%[13] - Current assets increased to HKD 1,437,241,000 from HKD 1,404,147,000, reflecting a growth of 2.4%[13] - Total liabilities rose to HKD 1,436,688,000 from HKD 1,367,768,000, an increase of 5.0%[13] - Total assets as of September 30, 2024, amounted to HKD 1,946,757,000, a decrease from HKD 1,966,165,000 as of March 31, 2024[45] - Total liabilities increased to HKD (1,460,285,000) as of September 30, 2024, compared to HKD (1,389,609,000) as of March 31, 2024[45] - The total borrowings as of September 30, 2024, amounted to HKD 549,832,000, up from HKD 534,158,000 as of March 31, 2024, indicating a rise of about 2.5%[94] - The company’s total liabilities, including current and non-current, amounted to HKD 730,679,000 as of September 30, 2024, compared to HKD 678,402,000 as of March 31, 2024, reflecting an increase of approximately 7.7%[15] Revenue Streams - Revenue from the computer equipment business for the six months ending September 30, 2024, was HKD 106,862,000, compared to HKD 57,610,000 for the same period in 2023, representing an increase of 85.5%[34] - Revenue from external customers in Hong Kong for the six months ended September 30, 2024, was HKD 106,862,000, up from HKD 57,610,000 in the same period of 2023[49] - Revenue from renting data storage equipment was approximately HKD 75,780,000, an increase from HKD 57,610,000 in 2023, while sales of data storage equipment generated HKD 31,082,000, compared to zero in 2023[160] Operational Strategy - The group has ceased operations in international business settlement and the contact lens business, focusing on property development, hotel operations, computer equipment, and financing services[33][40] - The group’s operational strategy includes focusing on property development and hotel management services in China, alongside computer equipment leasing and financing services[39][40] - The company plans to continue developing the remaining hotel buildings in Phase 2, E district, and is actively seeking other property development opportunities in Guangxi and other provinces in China[155] Employee and Governance - As of September 30, 2024, the group employed approximately 73 employees, a slight decrease from 74 employees in 2023[182] - The company has adhered to the corporate governance code throughout the reporting period, with some deviations explained, including the absence of a formally appointed chairman or CEO[187] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim financial information for the six months ending September 30, 2024, ensuring compliance with applicable accounting standards[191] Future Outlook and Plans - The company has not disclosed specific future outlook or guidance in the provided content[2] - The group plans to establish a joint venture in Laos for digital currency mining and trading, with a total capital contribution of USD 2,000,000[164] - A joint venture in Fuzhou is being established to provide comprehensive digital logistics services, with a proposed registered capital of RMB 1 million[165] Dividends and Shareholder Relations - The company did not declare any interim dividends for the reporting period, consistent with the previous year[55] - The group has decided not to declare any dividends for the period ending September 30, 2024[181] - The interim results announcement has been published on the Hong Kong Stock Exchange and the company's website, ensuring transparency for shareholders[193] - The company expresses gratitude to shareholders for their continued support and acknowledges the efforts of all employees during the reporting period[195]