Lippo Limited (226) 力寶有限公司 變更申請表格 致： 力寶有限公司（「本公司」） 卓佳證券登記有限公司轉交 香港夏愨道16號 遠東金融中心17樓 有關日後公司通訊之選擇：（請僅在一個空格內填上「✓」號） 本人╱吾等擬按下文所示更改本人╱吾等選擇日後公司通訊之收取方式及╱或語言版本： 透過於本公司網站www.lippoltd.com.hk以電子方式閱覽所有公司通訊（可供採取行動之公司通訊除外），以取代收取印刷本，並於郵寄有關公司通訊 （可供採取行動之公司通訊除外）印刷本當日向本人╱吾等發出電郵通知（本人╱吾等之電郵地址如下）或郵寄通知信函至本人╱吾等之地址；或 本人╱吾等之電郵地址： （請確保資料正確填寫以供通知發佈公司通訊之用。） 僅收取英文版印刷本；或 僅收取中文版印刷本；或 同時收取英文及中文版印刷本。 簽署： 日期： 姓名： 聯絡電話： （請以正楷填寫） 附註： 1. 請清楚地填寫此變更申請表格。倘若並無填寫選擇、或沒有簽署、或所填寫之資料不正確，本變更申請表格將會作廢。 2. 如屬聯名股東，則本變更申請表格需由在本公司股東名冊內就聯名持有之股份排名首位之股東簽署，方為有效。 3. ...

Financial Performance - The company recorded a consolidated loss attributable to shareholders of HKD 1,412,000,000 for the year ending December 31, 2024, compared to a loss of HKD 35,000,000 for the year ending December 31, 2023, indicating a significant increase in losses [12]. - Revenue increased to HKD 849,000,000 in 2024, up from HKD 814,000,000 in 2023, with 60% of revenue coming from Singapore and 31% from Hong Kong [12]. - The food business remains the primary source of revenue, contributing 86% of total revenue in 2024, with a growth rate of 6% compared to the previous year [12]. - Other operating expenses rose to HKD 200,000,000 in 2024, up from HKD 169,000,000 in 2023, primarily due to increased legal and professional fees [13]. - The company recorded a net fair value loss on financial instruments for the year, contrasting with a net fair value gain in 2023 [12]. - The group's property investment segment recorded total revenue of HKD 92 million, unchanged from 2023, primarily from recurring rental income and interest income from joint ventures [14]. - The group reported a net fair value loss of HKD 18 million on investment properties, an improvement from a loss of HKD 27 million in 2023, attributed to a decline in property values in Hong Kong [14]. - The group's share of losses from its joint venture, Lippo ASM Asia Property Limited, amounted to HKD 1.192 billion, a significant decline from a profit of HKD 174 million in 2023, mainly due to losses from OUE Group's investments in mainland China [16]. - The group's food business segment generated revenue of HKD 728 million, up 6% from HKD 687 million in 2023, driven by improved performance in Singapore and Malaysia [18]. - The financial and securities investment segment reported total revenue of HKD 17 million, down from HKD 21 million in 2023, with a net fair value loss of HKD 66 million compared to a gain of HKD 20 million in the previous year [19]. - The group's financial and securities investment portfolio decreased to HKD 1.008 billion as of December 31, 2024, down from HKD 1.189 billion in 2023 [20]. - The group experienced a loss of HKD 35 million in its food business segment, an improvement from a loss of HKD 55 million in 2023, despite ongoing challenges in the operating environment [18]. - The total assets of the group as of December 31, 2024, amounted to HKD 13.3 billion, a decrease from HKD 15.1 billion as of December 31, 2023 [36]. - The total liabilities increased to HKD 3.1 billion as of December 31, 2024, compared to HKD 2.2 billion as of December 31, 2023 [36]. - The equity attributable to the company's shareholders decreased to HKD 7 billion as of December 31, 2024, from HKD 9.1 billion as of December 31, 2023, equivalent to HKD 14.2 per share [39]. Special Distributions and Shareholder Engagement - The company announced a special interim distribution of up to 1,193,432,757 shares of Hongkong Chinese Limited to shareholders, providing flexibility in participation [6]. - The total distribution/dividend for the year amounts to HKD 322,227,000, with no interim dividend declared for the current year [47]. - A special interim distribution of up to 1,193,432,757 shares of Hongkong Chinese Limited (HKC) was made, with a distribution ratio of 2,420 HKC shares for every 1,000 shares held, based on a market price of HKD 0.27 per share [47]. - The company has adopted a dividend policy to enhance transparency for shareholders and investors, with details available in the corporate governance report [112]. - The company maintains ongoing dialogue with shareholders and has not made any amendments to its articles of association this year [161]. Economic Environment and Market Challenges - The economic environment in Hong Kong showed a moderate growth of 2.5% in 2024, while Singapore's economy grew by 4.4% [11]. - The company faced challenges in the food business due to decreased consumer spending and increased short trips abroad by local residents [5]. - The global growth rate is expected to be 3.3% in 2025, lower than the historical average of 3.7%, indicating a downward risk due to trade protectionism and geopolitical tensions [42]. - The GDP growth forecast for mainland China is expected to slow down due to tariff increases and industrial overcapacity, with Singapore's Ministry of Trade and Industry projecting GDP growth between 1.0% and 3.0% for 2025 [42]. Governance and Management - The company has a strong governance structure with experienced board members, including individuals with over 30 years of experience in finance and corporate governance [70][71][72][73]. - The company emphasizes market-level salary adjustments for directors based on their roles and responsibilities, ensuring competitive compensation [76]. - The board consists of independent non-executive directors who contribute to various committees, enhancing oversight and governance [71][72][73]. - The company has maintained transparency in disclosing director and executive compensation details in its financial reports [75]. - The company has established employment agreements for its directors, with terms ranging from two years starting from various dates in 2023 and 2024 [63]. - The company has appointed Dr. Li Wenzheng as honorary chairman to recognize his valuable contributions over the years [61]. - The company has a policy that one-third of the directors must retire at each annual general meeting, ensuring regular rotation and independence [126]. - The company has appointed Ms. Wu Minyan as an independent non-executive director to promote gender diversity on the board [125]. - The company has established a written guideline for employees regarding the trading of the company's securities, which is not more lenient than the standard code [123]. Risk Management and Compliance - The company has adopted a risk management and internal control system, which is reviewed annually for effectiveness, including financial, operational, and compliance monitoring [149]. - The company has identified key risks and uncertainties that may impact its financial condition and operational performance, detailed in the risk management report [111]. - The company has established a health and safety committee to monitor occupational health and safety, ensuring compliance with relevant laws and regulations [180]. - The company has implemented several key measures to enhance its risk management system for the fiscal year ending December 31, 2024 [178]. - The company has a risk management leadership team that oversees overall risk management activities [169]. - The company conducts annual reviews of the adequacy and effectiveness of its risk management and internal control systems [173]. - The company has established guidelines for the fair and timely disclosure of inside information to the public [149]. - The company has implemented a robust anti-corruption policy that sets basic behavioral standards for all directors and employees [198]. - The company conducted anti-corruption and ethics training for its directors and employees during the year [198]. Environmental, Social, and Governance (ESG) Initiatives - The environmental, social, and governance report for the year ending December 31, 2024, outlines the company's performance in sustainability efforts [186]. - The report covers the operations of the company and its subsidiaries in the food business, property development, property investment, and property management [187]. - The company aims to continuously optimize internal data collection processes and gradually expand the scope of disclosures [187]. - The environmental, social, and governance (ESG) report is prepared in accordance with the Hong Kong Stock Exchange's ESG Reporting Guide [190]. - The company has integrated ESG considerations into its annual operational decision-making processes [194]. - The board of directors is responsible for overseeing ESG-related matters, including climate-related issues [195]. - The company has established a comprehensive internal control and formal audit process to ensure the accuracy and reliability of the ESG report [196]. - The company is committed to protecting customer data privacy and respecting third-party intellectual property, implementing strict guidelines for data collection and handling [199]. - The company has a whistleblowing policy to maintain high standards of transparency and accountability, allowing employees to report misconduct confidentially [200].

Core Viewpoint - The rise of smart learning devices in home education has led to an increase in consumer complaints, particularly regarding the "Listening Treasure" product from NetEase Youdao, which claims to offer "massive official teaching materials" but requires users to subscribe to unverified personal cloud resources, raising concerns about copyright risks and timely updates of educational materials [2][6][10]. Group 1: Consumer Complaints - Multiple parents have reported issues with the "Listening Treasure" device, including the lack of access to the promised official educational materials and the need to navigate complex subscription processes to find resources [3][4]. - Parents have expressed concerns about the accuracy and legality of the shared resources, fearing that unverified content could negatively impact their children's learning and well-being [4][10]. - The device's reliance on user-shared resources raises questions about the company's compliance with copyright laws, as unauthorized sharing could lead to legal repercussions for the platform [11][13]. Group 2: Copyright and Content Updates - The company acknowledged that due to changes in the copyright market, certain educational materials, including the Beijing version, will be removed by September 2024, which has not been clearly communicated to consumers [6][8]. - There are complaints about the slow updates of educational materials, with some parents noting that their devices have not been updated with the latest versions of textbooks, causing disruptions in their children's learning [14][15]. - The presence of only a few officially authorized resources within the device has led to dissatisfaction among parents, who expected comprehensive and up-to-date content [8][16]. Group 3: Market Implications - The issues surrounding the "Listening Treasure" device highlight a regulatory gap in the rapidly growing smart education hardware market, emphasizing the need for clearer guidelines and compliance with copyright laws [2][11]. - The reliance on user-generated content for educational resources may undermine consumer trust and could damage the company's reputation if not addressed properly [11][16]. - The situation reflects broader challenges in the smart education industry, where companies must balance innovation with legal compliance and consumer expectations for quality educational content [11][13].

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 848,843,000, an increase of 4.3% from HKD 813,522,000 in 2023[4] - The total profit for the year was HKD 545,990,000, compared to HKD 502,214,000 in the previous year, reflecting a growth of 8.7%[4] - The net loss for the year was HKD 1,915,392,000, significantly higher than the loss of HKD 68,682,000 in 2023, indicating a deterioration in financial performance[5] - The company's basic and diluted loss per share was HKD 2.86, compared to HKD 0.07 in the previous year[4] - The company reported a pre-tax loss of HKD 1,906,192,000, reflecting significant challenges across various segments[16] - The company reported a net loss of HKD 1,514,000 for the year ending December 31, 2024, significantly improved from a net loss of HKD 10,917,000 in 2023[24] Assets and Liabilities - Non-current assets decreased to HKD 3,015,287,000 from HKD 14,091,684,000, a decline of approximately 78.6%[6] - Current liabilities increased to HKD 1,561,562,000 from HKD 786,459,000, representing a rise of 98.5%[6] - The total assets decreased to HKD 10,247,529,000 from HKD 1,038,189,000, a significant drop of approximately 92.8%[6] - The company's equity attributable to shareholders decreased to HKD 6,981,959,000 from HKD 9,075,231,000, a decline of 23.9%[7] - The total liabilities stood at HKD 3,083,116,000, with a significant portion attributed to undistributed liabilities of HKD 2,223,340,000[16] - The total assets amounted to HKD 13,262,816,000, indicating a robust asset base despite the losses[16] Revenue Breakdown - Total revenue for the year ended December 31, 2024, was HKD 848,843,000, with external revenue contributing HKD 727,796,000 from the food business[16] - Revenue from the food manufacturing business was HKD 348,155,000, up from HKD 324,523,000, reflecting a growth of 7.3%[21] - Revenue from restaurant operations increased to HKD 376,103,000, compared to HKD 359,901,000, marking a rise of 4.5%[21] - Total revenue from customer contracts for the year ending December 31, 2024, is HKD 737,274,000, an increase from HKD 698,417,000 for the year ending December 31, 2023, representing a growth of approximately 5.6%[22] - Total revenue from external customers for the year ending December 31, 2024, is HKD 737,864,000, compared to HKD 699,814,000 in 2023, marking an increase of approximately 5.3%[23] Expenses and Costs - The company incurred financing costs of HKD 77,205,000, impacting overall profitability[16] - Other operating expenses rose to HKD 200,000,000 in 2024, primarily due to increased legal and professional fees[39] - Total employee costs amounted to HKD 25,279,000 for 2024, a decrease from HKD 26,558,000 in 2023[27] - Employee costs for the year amounted to HKD 313,000,000, slightly down from HKD 319,000,000 in the previous year[67] Investments and Fair Value - The company reported a fair value loss of HKD 63,617,000 on financial instruments measured at fair value through profit or loss, compared to a gain of HKD 19,629,000 in 2023[4] - The total fair value of financial assets measured at fair value through profit or loss is HKD 495,673,000, with a net loss of HKD 63,441,000 for the year[48] - The fair value of GSH Corporation Limited's stock held by the group is HKD 63,000,000, representing approximately 12.8% of the group's financial assets at fair value and 0.5% of total assets, with an unrealized loss of HKD 14,000,000 recorded for the year[50] - Amasia CIV's investment in Dialpad, an AI communication platform, has a fair value of HKD 56,000,000, accounting for about 11.3% of the group's financial assets at fair value and 0.4% of total assets[51] Legal and Settlement - The company recognized a significant litigation settlement expense of HKD 386,482,000 during the year[4] - The company has settled a lawsuit by paying USD 49,500,000 (approximately HKD 386,482,000) to resolve claims related to its ownership interest in Skye Mineral Partners, LLC[26] Audit and Compliance - The financial report for the year ending December 31, 2023, has been audited without any reservations from the auditor[9] - The accounting policies adopted for the annual results are consistent with those used in the audited financial statements for the year ending December 31, 2023[10] - The audit committee has reviewed the accounting principles and practices adopted by the group and agreed on the consolidated financial statements for the year ending December 31, 2024[72] - The independent auditor, Ernst & Young, confirmed that the figures in the preliminary announcement are consistent with the group's financial report for the year[73] Employee and Workforce - The group employed 861 full-time employees as of December 31, 2024, an increase from 839 full-time employees as of December 31, 2023[67] - The share of losses from joint ventures included a loss of HKD 1,191,746,000 from Lippo ASM Asia Property Limited for the year ending December 31, 2024, compared to a profit of HKD 173,993,000 in 2023[28] Future Outlook - The global growth rate is projected to be 3.3% in 2025, lower than the historical average of 3.7%, indicating a challenging economic environment[68] - The company will continue to manage its business cautiously and monitor its assets and investments amid significant uncertainties in the global economy[68]

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，並明確表示，概不對因本公佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 LIPPO LIMITED 力 寶 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：226） 股東及有意投資者於買賣本公司股份時務請審慎行事。 1 內幕消息公佈 盈利警告 承董事會命 力寶有限公司 行政總裁 李國輝 本公佈乃力寶有限公司（「本公司」，連同其附屬公司，合稱「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 條及內幕消息 條文（定義見上市規則）而作出。 香港，2025 年 3 月 24 日 本公司之董事會（「董事會」）謹此通知本公司之股東（「股東」）及有意投資者， 根據本公司現有之資料，預期本集團於截至2024年12月31日止年度（「本年度」） 之按公平值計入損益（「按公平值計入損益」）之財務工具可能錄得公平值虧 損淨額約60,000,000港元（而截至2023年12月31日止年度（「上一年度」）則錄 得 公 平 值 收 益 淨 額 約 20,000 ...

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，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該 等內容而引致之任何損失承擔任何責任。 董事會召開日期 力寶有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於 2025 年 3 月 28 日 星期五假座香港金鐘道 89 號力寶中心二座 40 樓舉行董事會會議，藉以（其中包括）批准 本公司及其附屬公司截至 2024 年 12 月 31 日止年度之綜合全年業績公佈，以及考慮擬派末 期股息之建議（如適用）。 承董事會命 力寶有限公司 秘書 陸苑芬 香港，2025 年 3 月 18 日 LIPPO LIMITED 力寶有限公司 （於香港註冊成立之有限公司） (股份代號： 226) 於本公佈日期，本公司董事會由九名董事組成，包括執行董事李棕博士（主席）、 李聯煒先生 （副主席）、李國輝先生（行政總裁）及李江先生，非執行董事李澤培先生及陳念良先生，以及 獨立非執行董事徐景輝先生、容夏谷先生及吳敏燕女士。 ...

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，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該 等內容而引致之任何損失承擔任何責任。 LIPPO LIMITED 力寶有限公司 （於香港註冊成立之有限公司） （股份代號：226） 內幕消息公佈 本公佈乃力寶有限公司（「本公司」，連同其附屬公司，合稱「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 條及內幕消息條文（定義見上市規則） 而作出。 本公佈所載資料乃根據本公司現有之資料，而並非根據本公司核數師已審核之任何數字或 資料。本公司將於 2025 年 3 月底公佈本集團於本年度之綜合全年業績。 本公司之股東及有意投資者於買賣本公司股份時務請審慎行事。 承董事會命 力寶有限公司 行政總裁 李國輝 香港，2025 年 2 月 14 日 於本公佈日期，本公司董事會由九名董事組成，包括執行董事李棕博士（主席）、李聯煒先生（副 主席）、李國輝先生（行政總裁）及李江先生，非執行董事李澤培先生及陳念良先生，以及獨立非 執行董事徐景輝先生、容夏谷先生及吳敏燕女士。 本公 ...

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，並明確表示概不就因本公佈全部或任何部分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。 承董事會命 力寶有限公司 行政總裁 李國輝 香港，2025 年 1 月 27 日 於本公佈日期，本公司董事會由九名董事組成，包括執行董事李棕博士（主席）、李聯煒先生 （副主席）、李國輝先生（行政總裁）及李江先生，非執行董事李澤培先生及陳念良先生，以 及獨立非執行董事徐景輝先生、容夏谷先生及吳敏燕女士。 力寶有限公司 (「本公司」) 之董事會宣佈自2025年3月1日起，本公司之股份過戶登記 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 2025 年 3 月 1 日起，有關本公司之股份過戶登記手續將由卓佳證券登記有限公司辦 理。 於 2025 年 2 月 28 日下午 4 時 30 分後仍未領取之股票, 將可於 2025 年 3 月 3 日 起從卓佳證券登記有限公司領取。 LIPPO L ...

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，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 本公佈尚未向新加坡金融管理局登記為招股章程。因此，除根據及按照新加坡 2001 年證券及 期貨法（「證券及期貨法」）第 13 部第 1 節第 4 分節之任何條文項下之豁免條件或其他根據 證券及期貨法之條文外，本公佈及有關分派股份之分派之任何其他文件或資料均不可傳閱或派 發，分派股份亦不可直接或間接向新加坡人士發售或出售，或以新加坡人士作為認購或購買邀 請之對象。新加坡股東將無法透過碎股對盤服務購買或收購碎股。 根據共和國法案第 8799 號（即菲律賓證券規例守則（「守則」））及其實施規則，除非證券 （如股份）已獲菲律賓證券交易委員會（「證券交易委員會」）批准註冊，或屬於豁免證券或 根據豁免交易出售，否則不得在菲律賓境內出售或要約出售或分派該等證券。倘守則被視為適 用於向菲律賓股東之實物分派，則根據守則第 10.1(c) 條、第 10.1(d) 條或第 10.1(k) 條下之豁免 交易分派股份。 本公佈所 ...

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，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 由於建議特別中期股息可能會或可能不會於董事會會議上獲得董事會批准，本公司之 股東及有意投資者於買賣本公司之股份時務請審慎行事。 承董事會命 力寶有限公司 行政總裁 李國輝 香港，2024 年 12 月 13 日 於本公佈日期，董事會由九名董事組成，包括執行董事李棕博士（主席）、李聯煒 先生（副主席）、李國輝先生（行政總裁）及李江先生，非執行董事李澤培先生及 陳念良先生，以及獨立非執行董事徐景輝先生、容夏谷先生及吳敏燕女士。 LIPPO LIMITED 力 寶 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：226） 董事會召開日期 力寶有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於 2024 年 12 月 27 日星期五舉行董事會會議，藉以（其中包括）考慮派付特別中期股息及處理 任何其他事宜（如有）。 如於董事會會議上獲得批准，本公司將作出進一步公佈，載列特別中期股息及任何其 ...