（股份代號：243） NOTIFICATION LETTER 通知信函 3 January 2025 QPL INTERNATIONAL HOLDINGS LIMITED (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock Code: 243) Dear Shareholders. QPL International Holdings Limited (the "Company") – Notice of publication of Interim Report 2024-2025 (the "Current Corporate Communications") on website The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.qpl.com and the website of The Stock ...

Financial Performance - The Group reported a turnover of HK$154.41 million for the six months ended 31 October 2024, representing an increase of 16.47% compared to HK$132.57 million for the same period last year[10]. - The consolidated profit for the Period amounted to HK$11.26 million, a significant recovery from a loss of HK$20.32 million in the corresponding period of 2023[10]. - Earnings per share for the Period was HK3.90 cents, compared to a loss per share of HK7.04 cents in 2023[10]. - Profit before tax for the period was HK$11,760,000, compared to a loss of HK$20,319,000 in the previous year[72]. - Profit attributable to owners of the Company was HK$11,260,000, a significant recovery from a loss of HK$20,319,000 in the prior period[72]. - Total comprehensive income for the period attributable to owners of the Company was HK$11,580,000, compared to a loss of HK$20,268,000 in the same period last year[72]. Expenses and Costs - Staff costs increased to HK$51.05 million, representing 33.06% of the Group's turnover, down from 35.45% in the previous year[15]. - Other operating expenses rose by 37.29% to HK$41.60 million, accounting for 26.94% of the Group's turnover, up from 22.86% in 2023[15]. - Depreciation of property, plant, and equipment rose to HK$6,570,000, up from HK$4,155,000, indicating a significant increase of 58.2%[125]. - The Group's profit/(loss) for the period is calculated after accounting for various expenses, including staff costs and depreciation, which have shown significant changes year-over-year[124]. Assets and Liabilities - The Group's cash and bank balances amounted to HK$44.98 million as of 31 October 2024, down from HK$58.54 million as of 30 April 2024[18]. - Total outstanding debts were HK$51.13 million as of 31 October 2024, slightly down from HK$52.34 million as of 30 April 2024[18]. - The gearing ratio was 15.2% as of 31 October 2024, compared to 16.1% as of 30 April 2024[19]. - Net current assets increased to HK$214,506,000, up from HK$201,498,000 as of 30 April 2024[76]. - Total assets less current liabilities amounted to HK$337,659,000, compared to HK$326,531,000 at the end of the previous period[76]. - The total consolidated assets as of 31 October 2024 were HK$480,579,000, an increase from HK$461,285,000 as of 30 April 2024[105]. Cash Flow - For the six months ended 31 October 2024, net cash used in operating activities was HK$8,202,000, compared to a net cash inflow of HK$1,677,000 in the same period of 2023, indicating a significant decrease in cash flow from operations[82]. - The net cash used in investing activities was HK$4,147,000 for the current period, compared to HK$541,000 in the previous year, reflecting increased investment outflows[82]. - The net cash used in financing activities decreased to HK$1,207,000 from HK$8,569,000 year-over-year, suggesting a reduction in financing costs[82]. - The total cash and cash equivalents at 31 October 2024 were HK$44,982,000, down from HK$62,799,000 at the same date in 2023, representing a decrease of approximately 28.5%[82]. Investments - The net fair value gain on financial assets at fair value through profit or loss was approximately HK$9.54 million, compared to a loss of HK$10.91 million in 2023[17]. - The group recorded a fair value gain of approximately HK$4.45 million on its investment in WLS Holdings Limited for the six months ended October 31, 2024[34]. - The group invested HK$2.94 million in capital expenditure during the period, down from HK$4.26 million on April 30, 2024[26]. - The group has not entered into any hedging arrangements during the Period but will continue to monitor foreign currency exposure closely[20]. Share Capital and Options - As of October 31, 2024, Ms. Tung Siu Ching holds a total of 3,466,666 shares, representing 1.20% of the issued share capital of the Company[45]. - The total number of shares available for grant under the share option scheme is 22,562,211, which is 7.8% of the issued share capital[50]. - The maximum number of shares that may be issued upon exercise of all outstanding share options must not exceed 30% of the issued share capital[50]. - As of October 31, 2024, there are 2,184,166 outstanding share options, representing approximately 0.76% of the issued share capital[51]. Corporate Governance - The Group's directors have confirmed compliance with the Model Code for Securities Transactions throughout the reporting period[39]. - The company has complied with all code provisions set out in the Corporate Governance Code except for certain immaterial deviations[68]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended October 31, 2024[62]. Market and Operational Strategy - The Group will continue to strengthen its engineering and production departments to maintain competitive advantages in short lead times and high production planning flexibility, potentially expanding market share[37]. - Plans to improve operational performance include increasing production efficiency and capacity, along with upgrading existing plant and machinery[37]. - The Group aims to explore additional business opportunities to expand its principal manufacturing business and enhance returns to shareholders[37]. Segment Performance - Revenue from Customer A in Malaysia increased to HK$47,868,000 for the six months ended 31 October 2024, up from HK$31,686,000 in the same period last year, representing a growth of 50.9%[110]. - Revenue from Customer B in the PRC rose to HK$24,735,000, compared to HK$22,637,000 in the previous year, reflecting an increase of 9.3%[110]. - The revenue from the PRC segment was HK$54,158,000, up from HK$48,703,000, representing an increase of 11.5%[102]. - The USA segment generated revenue of HK$5,268,000, significantly up from HK$1,372,000, marking a growth of 284.5%[102].

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 部分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。 QPL INTERNATIONAL HOLDINGS LIMITED 於本公佈日期，董事會包括一位執行董事董小靜女士，以及三位獨立非執行董事 鍾凱恩女士、劉洪瑞先生及朱峻頞先生。 本公佈乃QPL International Holdings Limited（「本公司」，連同其附屬公司，統稱「本 集團」）根據香港法例第571章證券及期貨條例第XIVA部及香港聯合交易所有限公 司證券上市規則第13.09(2)(a)條而刊發。 本公司董事會（「董事會」）謹此通知本公司股東及潛在投資者，根據董事會對本集 團截至二零二四年十月三十一日止六個月之最新未經審核綜合管理賬目之初步審閱， 預期本集團於截至二零二四年十月三十一日止六個月將錄得綜合溢利介乎9,000,000 港元至12,000,000港元（二零二三年：綜合虧損淨額20,300,000港元）。根據目前獲得 的資料，扭虧為盈乃主要由於截至二零二四年十月三十一日止六 ...

電話：(852) 2980 1333 傳真：(852) 2810 8185 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。 QPL INTERNATIONAL HOLDINGS LIMITED （於百慕達註冊成立之有限公司） （股份代號：243） 更改香港股份過戶登記處 QPL International Holdings Limited（「本公司」）董事會宣佈自2025年1月21日起，本 公司之香港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 於本公告日期，董事會包括一位執行董事董小靜女士，以及三位獨立非執行董事 鍾凱恩女士、劉洪瑞先生及朱峻頞先生。 由2025年1月21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2025年1月20日下午四時三十分後仍未領取之股票，可於2025年1月21日 起從卓佳證券登記有限公司領取。 承董事會命 QPL International Holding ...

QPL International Holdings Limited 執行董事 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 部分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。 QPL INTERNATIONAL HOLDINGS LIMITED （於百慕達註冊成立之有限公司） （股份代號：243） 董事會會議召開日期 QPL International Holdings Limited（「本公司」）董事會（「董事會」）謹此宣佈，本公 司將於二零二四年十二月十八日（星期三）舉行董事會會議，以（其中包括）考慮 並批准本公司及其附屬公司截至二零二四年十月三十一日止六個月之未經審核綜 合中期業績。 承董事會命 董小靜 香港，二零二四年十一月二十六日 於本公佈日期，董事會包括一位執行董事董小靜女士，以及三位獨立非執行董事 鍾凱恩女士、劉洪瑞先生及朱峻頞先生。 ...

Financial Performance - The Group reported a revenue of HK$262.70 million for the year ended April 30, 2024, a decrease of 16.05% compared to HK$312.93 million in the previous year[10]. - The consolidated loss for the year amounted to HK$61.39 million, compared to a loss of HK$34.32 million in the previous year[10]. - Basic and diluted loss per share was HK21.26 cents, an increase from HK13.30 cents in the previous year[10]. - The Group's EBITDA for the year was negative HK$24.65 million, a significant decline from positive HK$17.29 million in the previous year[10]. - The Group faced challenges in a tough business environment, contributing to the decrease in turnover[15]. - The Group's financial results indicate a need for strategic adjustments to address the declining revenue and increasing losses[10]. Dividends and Reserves - The Directors do not recommend the payment of a dividend for the year, consistent with the previous year[14]. - As of April 30, 2024, the Company did not have reserves available for distribution to shareholders[140]. - The Company established a Dividend Policy in January 2019, aiming to provide stable and sustainable returns to shareholders while maintaining adequate working capital[143]. - The Company retains the right to update or amend its Dividend Policy at any time[145]. Operational Efficiency and Strategy - The Company continues to focus on its core business while exploring opportunities for improvement and potential market expansion[10]. - The Group aims to enhance production efficiency and capacity to improve operational performance and competitiveness[19]. - The Group plans to upgrade and restructure existing plants and machinery to meet different production requirements[21]. - The Group will continue to explore other business opportunities to expand its principal manufacturing business and improve returns to shareholders[22]. Financial Assets and Liabilities - As of April 30, 2024, the Group's gross loan receivables totaled HK$80.93 million, with an allowance for expected credit losses of HK$36.88 million[23]. - The Group experienced net fair value losses on financial assets at FVTPL amounting to HK$22.0 million, primarily from investments in SunCorp Technologies Limited and WLS Holdings Limited[18]. - As of April 30, 2024, the Group's financial assets at fair value through profit or loss (FVTPL) amounted to approximately HK$62.58 million, a decrease from HK$80.66 million in 2023, representing a decline of about 22.5%[30]. - Total outstanding debts as of April 30, 2024, were HK$52.34 million, down from HK$58.77 million in 2023, including collateralised bank borrowings of HK$35.37 million[39]. - Interest-bearing outstanding debts amounted to HK$38.32 million as of April 30, 2024, down from HK$43.14 million in 2023[39]. Corporate Governance - The Board consists of six Directors, including three executive Directors and three independent non-executive Directors, ensuring a balanced composition of skills and experience[68]. - The Company has complied with the Listing Rules by having at least three independent non-executive Directors, representing at least one-third of the Board[70]. - The independent non-executive Directors have confirmed their independence annually, with no involvement in daily management or material relationships that could affect their judgment[71]. - The Company has established three Board committees: Audit Committee, Remuneration Committee, and Nomination Committee, to oversee specific aspects of the Group's affairs[66]. - The Board has adopted its own code on corporate governance practices, incorporating principles from the Corporate Governance Code contained in Appendix 14 to the Listing Rules[61]. - The Company emphasizes transparency, independence, and accountability to all shareholders as part of its corporate governance framework[60]. Risk Management - The Group's risk management system aims to manage risks associated with not achieving business objectives rather than eliminating them entirely[122]. - The Board has overall responsibility for establishing a sound risk management and internal control system to safeguard the Group's assets and ensure reliable financial statements[119]. - Management is tasked with evaluating the adequacy of the risk management and internal control system, reporting deficiencies to the Audit Committee[120]. - The risk management review and internal audit report identified significant risks and recommended action plans presented to the Board[121]. - The Board will conduct an annual review of the risk management and internal control system to ensure significant risks are effectively monitored[122]. Employee and Director Information - The total number of employees decreased to approximately 730 as of April 30, 2024, from 870 in 2023[48]. - The Group's policy ensures employee remuneration is competitive and commensurate with job nature, qualifications, and experience[48]. - The emolument policy for employees is based on merit, qualifications, and market conditions, with a share option scheme adopted as an incentive[175]. - The Company did not purchase, sell, or redeem any listed securities during the year[174]. - The total number of share options granted to Directors is 5,124,998, with 2,083,332 options remaining unexercised as of April 30, 2024[163]. Audit and Compliance - The Audit Committee consists of three independent non-executive Directors, ensuring oversight of the Group's financial reporting and compliance with statutory requirements[99]. - The auditor's report confirmed that the consolidated financial statements provide a true and fair view of the Group's financial position as of April 30, 2024, in accordance with Hong Kong Financial Reporting Standards[183]. - Key audit matters included the allowance for expected credit losses on trade receivables and loan receivables, which involved significant management judgments and estimates[187]. - The Group's management assessed the creditworthiness of counterparties as part of the controls over the allowance for ECL on trade receivables[190]. - McMillan Woods (Hong Kong) CPA Limited was appointed as the auditor of the Company following the resignation of HLB Hodgson Impey Cheng Limited[182].

Financial Performance - The Group reported a turnover of HK$132.57 million for the Period, representing a decrease of 20.40% compared to HK$166.55 million for the same period last year[5]. - The consolidated loss for the Period amounted to HK$20.32 million, compared to a profit of HK$33.43 million for the corresponding period in 2022[5]. - Loss per share for the Period was HK7.04 cents, down from earnings per share of HK14.52 cents in 2022[5]. - Revenue for the six months ended October 31, 2023, decreased to HK$132,569,000, down 20.4% from HK$166,551,000 in the same period of 2022[79]. - Loss before taxation for the period was HK$20,319,000 compared to a profit of HK$34,116,000 in the previous year, indicating a significant decline in performance[79]. - The net loss for the period was HK$20,319,000, a stark contrast to the profit of HK$33,429,000 recorded in the same period last year[79]. - Total comprehensive loss for the period amounted to HK$20,268,000, compared to a comprehensive income of HK$36,319,000 in the prior year[79]. Expenses and Costs - Staff costs increased to HK$47.00 million, representing 35.46% of the Group's turnover, up from 25.74% in the previous year[7]. - Other expenses decreased by 16.94% to HK$30.30 million, representing 22.85% of the Group's turnover, compared to 21.90% in 2022[8]. - The company reported unallocated corporate expenses of HK$24,581,000, significantly higher than HK$9,324,000 in the same period last year[105]. - Repair and maintenance expenses decreased to HK$6,659,000, down 42% from HK$11,474,000 in the same period of 2022[128]. Cash Flow and Financial Position - As of 31 October 2023, the Group's cash and bank balances amounted to HK$62.80 million, down from HK$70.23 million as of 30 April 2023[16]. - Current assets decreased to HK$368,794,000 from HK$397,450,000 as of April 30, 2023, reflecting a decline of 7.2%[81]. - Net cash generated from operating activities for the six months ended 31 October 2023 was HK$1,677,000, a decrease of 91.25% compared to HK$19,210,000 in the same period of 2022[17]. - Net cash used in investing activities was HK$541,000, significantly lower than HK$8,907,000 in the previous year, indicating a reduction in investment outflows[17]. - Net cash used in financing activities decreased to HK$8,569,000 from HK$23,432,000, reflecting a 63.38% reduction in financing outflows[17]. - The total cash and cash equivalents at 31 October 2023 were HK$62,799,000, down from HK$72,647,000 at the same date in 2022, representing a decrease of 13.6%[17]. Assets and Liabilities - Total outstanding debts amounted to HK$50.63 million, a decrease from HK$58.77 million as of 30 April 2023[16]. - The total consolidated assets as of October 31, 2023, were HK$493,011,000, down from HK$529,761,000 as of April 30, 2023[112]. - The company's net assets as of October 31, 2023, were HK$367,167,000, down from HK$387,435,000 as of April 30, 2023[81]. - Trade and other receivables decreased to HK$56,549,000 from HK$66,358,000, a reduction of 14.0%[81]. - Trade receivables decreased to HK$45,996,000 as of 31 October 2023, down 25% from HK$61,171,000 at 30 April 2023[134]. Investments and Capital Expenditure - The Group invested HK$0.95 million in acquiring property, plant, and equipment during the Period, significantly lower than HK$8.75 million in the previous period[24]. - The Group's capital expenditure for the period was HK$950,000, a significant decrease from HK$8,750,000 for the period ended 30 April 2023[29]. - The Group's capital expenditure commitments for property, plant, and equipment contracted but not provided for decreased to HK$3,208,000 as of October 31, 2023, from HK$13,783,000 as of April 30, 2023, a decline of about 76.7%[152]. Corporate Governance and Management - The Company has complied with all code provisions of the Corporate Governance Code except for immaterial deviations[74]. - The Company emphasizes effective internal controls and transparency in its corporate governance practices[69]. - The remuneration of directors and key management is determined by the remuneration committee based on individual performance and market trends[170]. - Following the passing of Mr. Li on 2 September 2023, the Company is in the process of identifying a suitable candidate for the roles of Chairman and Chief Executive[76]. Shareholder Information - The total number of shares available for grant under the share option scheme is 22,562,211, which is 7.8% of the issued share capital as of the report date[56]. - As of October 31, 2023, there are 2,184,166 outstanding share options, representing approximately 0.8% of the issued share capital[57]. - The share option scheme was adopted on September 15, 2015, and is valid for 10 years[53]. - The maximum number of shares that can be granted under the scheme is limited to 10% of the shares in issue as of the adoption date[55]. - The company did not recommend the payment of an interim dividend for the six months ended 31 October 2023, consistent with the previous year[129].

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 部分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。 QPL INTERNATIONAL HOLDINGS LIMITED （於百慕達註冊成立之有限公司） （股份代號：243） 截至二零二三年十月三十一日止六個月 中期業績公佈 QPL International Holdings Limited（「本公司」）董事會（「董事會」或「董事」）公佈 本公司及其附屬公司（統稱「本集團」）截至二零二三年十月三十一日止六個月之 未經審核綜合中期業績連同比較數字。本公佈列載本公司2023-2024中期報告全 文，並符合香港聯合交易所有限公司（「聯交所」）證券上市規則中有關中期業績 初步公佈附載之資料要求。本公佈在聯交所網站(www.hkexnews.hk) 及本公司網站 (www.qpl.com)刊登。本公司的2023-2024中期報告的印刷本將於適當時候寄發予本 公司股東並在上述網站刊登。 承董事會命 QPL International Holdings Limited ...

Financial Performance - The Group reported a revenue of HK$312.93 million for the year ended April 30, 2023, a decrease of 35.88% compared to HK$488.05 million in the previous year[12]. - The consolidated loss for the year amounted to HK$34.32 million, compared to a profit of HK$10.10 million in the previous year, resulting in a basic and diluted loss per share of HK13.30 cents[12]. - Recurring EBITDA for the year was HK$17.29 million, an increase from HK$16.51 million in the previous year[12]. - The Group experienced a net fair value loss on financial assets at fair value through profit or loss (FVTPL) of HK$27.26 million, primarily due to losses in investments in SunCorp Technologies Limited, Luxxu Group Limited, and China Investment and Finance Group Limited[21]. - The fair value loss on financial assets amounted to HK$27.26 million, impacting the Group's financial performance[26]. - The Group's financial results for the year ended April 30, 2023, are detailed in the consolidated statement of profit or loss and other comprehensive income[186]. Cost Management - Staff costs decreased by 16.83% to HK$104.81 million, representing 33.49% of the Group's turnover[20]. - Other expenses decreased by 33.26% to HK$55.52 million, representing 17.74% of the Group's turnover[20]. - Employee costs decreased by 16.83% to HK$104.81 million, accounting for 33.49% of the Group's revenue[25]. - Other expenses reduced by 33.26% to HK$55.52 million, representing 17.74% of the Group's revenue[25]. Debt and Financial Stability - The gearing ratio improved to 15.17%, down from 27.67% in the previous year[8]. - The Group's bank balances and cash as of April 30, 2023, were HK$70.23 million, down from HK$85.78 million in 2022, indicating a decrease of approximately 18%[46]. - Total outstanding debts as of April 30, 2023, were HK$58.77 million, a significant reduction from HK$113.58 million in 2022, representing a decrease of approximately 48.3%[46]. - The interest-bearing debt as of April 30, 2023, was HK$43,140,000, down from HK$58,560,000 in 2022[50]. - The capital debt ratio as of April 30, 2023, was 15.2%, significantly lower than 27.6% in 2022[50]. Business Strategy and Operations - The Group plans to strengthen its engineering and production departments to enhance competitive advantages and expand market share[22]. - The Group plans to enhance production efficiency and capacity to improve operational performance[27]. - The Group will continue to explore other business opportunities to expand its principal manufacturing business[28]. - The Group will continue to monitor market conditions and adjust its labor force to improve efficiency[20]. - The Group aims to adjust its workforce and employee structure to improve labor productivity[25]. Corporate Governance - The Board consists of seven Directors, including four executive Directors and three independent non-executive Directors, ensuring a balanced composition of skills and experience[85]. - The Company has adopted its own code on corporate governance practices, the "QPL Code," and has complied with all code provisions set out in the Corporate Governance Code except for specified deviations[75]. - The Board is collectively responsible for promoting the success of the Company by directing and supervising the Group's affairs, including strategy formulation and monitoring financial performance[76]. - The Company has established three Board committees: the Audit Committee, the Remuneration Committee, and the Nomination Committee, to oversee specific aspects of the Group's affairs[78]. - The Directors possess extensive industry knowledge and experience in corporate management, strategic planning, legal, accounting, and financial matters[89]. Shareholder Relations and Dividends - No dividend was recommended for the year, consistent with the previous year[13]. - The Company did not have any reserves available for distribution to shareholders as of April 30, 2023[193]. - The Company established a dividend policy in January 2019, aiming to provide stable and sustainable returns to shareholders[194]. - The Board will consider various factors, including financial performance and capital requirements, when deciding on dividend payments[194]. - The declaration and payment of dividends are subject to restrictions under the Companies Act of Bermuda and other applicable laws[199]. Environmental and Social Responsibility - The Group is committed to reducing greenhouse gas emissions by implementing green office practices, including turning off idle equipment after working hours[170]. - The Group's environmental practices are subject to regular reviews for further improvement[170]. Risk Management - The Group's risk management and internal control system has been reviewed and deemed effective and adequate as of April 30, 2023[166]. - An independent internal control review advisor has been engaged to conduct systematic audits of the Group's internal controls, covering major financial, operational, and compliance aspects[165]. - The Board will continue to monitor residual risks and report ongoing assessments to ensure significant risks are managed within acceptable levels[165].

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 部分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。 QPL INTERNATIONAL HOLDINGS LIMITED （於百慕達註冊成立之有限公司） （股份代號：243） 截至二零二三年四月三十日止年度之全年業績 QPL International Holdings Limited（「本公司」）董事會（「董事會」或「董事」）公佈本 公司及其附屬公司（統稱「本集團」）截至二零二三年四月三十日止年度之經審核 綜合業績，連同截至二零二二年四月三十日止年度之比較數字如下： 1 綜合損益及其他全面收益表 截至二零二三年四月三十日止年度 二零二三年 二零二二年 附註 千港元 千港元 | --- | --- | --- | --- | |--------------------------------------------|-------|-----------|-----------| | 收益 | 3 | 312,928 | 488,048 | | 使用原材料 ...