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: | 2026年3月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | GBA 集團有限公司 | | | | 呈交日期: | 2026年4月1日 | | | | I. 法定/註冊股本變動 | | | | 第 1 頁 共 11 頁 v 1.2.1 FF301 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 00261 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 284,801,678 0 284,801,678 增加 / 減少 (-) 本月底結存 284,801,678 0 284,801,678 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D ...

Financial Performance - For the year ending December 31, 2024, the company recorded revenue of approximately HKD 126.6 million, an increase of about 121.9% compared to approximately HKD 57 million in 2024[3] - The loss attributable to shareholders for the year ending December 31, 2025, was approximately HKD 112.1 million, a decrease of about 100.9% from approximately HKD 55.8 million in the previous year[3] - The company recorded a loss of approximately HKD 110,500,000 in the current period, compared to a loss of HKD 70,200,000 in the previous year, primarily due to increased loan and receivable impairment losses[26] - The gross loss increased to approximately HKD 32,000,000, with a gross loss margin of about 25.3%, compared to a gross loss of HKD 3,300,000 and a margin of 5.75% in the previous year[21] - The company reported a total loss of HKD 110,478,000 for 2025, compared to a loss of HKD 66,353,000 in 2024[75] - The company reported a basic and diluted loss per share of HKD 45.5 cents for 2025, compared to HKD 28.7 cents for 2024[61] - The group reported a pre-tax loss of HKD 112,060,000 for 2025, worsening from a loss of HKD 55,781,000 in 2024[90] Revenue Breakdown - Real estate business contributed approximately HKD 79,100,000 to revenue, accounting for about 62.5% of total revenue, compared to HKD 22,600,000 in the previous year[17] - The restaurant business generated approximately HKD 38,100,000 in revenue, up from HKD 27,500,000 in the previous year, representing about 30.1% of total revenue[18] - The real estate segment reported revenue of HKD 79,108,000 for 2025, a significant increase compared to HKD 22,601,000 in 2024[75] - Revenue from restaurant operations was HKD 38,124,000 in 2025, up 38.3% from HKD 27,544,000 in 2024[81] - Property sales revenue surged to HKD 79,108,000 in 2025, compared to HKD 22,601,000 in 2024, marking a growth of 249.5%[81] Dividend Policy - The company does not recommend the payment of a final dividend for the year ending December 31, 2025, compared to no dividend in 2024[3] - The group did not declare or pay any dividends for the year ended December 31, 2025, consistent with 2024[89] Project Development - The company has completed the development of the "Zhi Di New City" project, which has sold approximately 96% of its total construction area of about 212,000 square meters[5] - The "Yi Yun Mountain Villa" project has sold approximately 67% of its residential units and 100% of its commercial units as of December 31, 2025[7] - The "Zhong Jian Jun Residence" project is planned to have a total construction area of approximately 168,000 square meters, with various types of low-rise apartments and commercial spaces[8] Business Strategy and Outlook - The company plans to expand its business based on market demand and available funds, aiming for long-term sustainable growth and increased shareholder value[16] - The company anticipates stable or slightly improved overall business performance in 2026, supported by expected growth in consumer demand and government support for the real estate sector in China[14] - The company plans to continue focusing on market expansion and new product development in the upcoming years[74] Corporate Governance - The company aims to create long-term value for shareholders through high levels of corporate governance and transparency[47] - The board composition and committee structure have remained unchanged as of December 31, 2025[51] - The company has established a Remuneration Committee to provide recommendations on the remuneration policies for directors and senior management[52] - The Audit Committee is responsible for ensuring the reliability of financial reports and risk management systems[54] - The Audit Committee consists of three independent non-executive directors, all of whom have relevant experience in accounting and finance[56] - The Nomination Committee was established in 2012 to review the board's structure and recommend changes to align with corporate strategy[57] - The company has complied with all corporate governance codes applicable as of the announcement date, except for specific deviations noted[48] - The company has adopted a standard code for directors' securities trading, which is stricter than the minimum requirements[49] Financial Position - Total assets decreased from HKD 659,941,000 in 2024 to HKD 547,924,000 in 2025, a decline of approximately 17%[63] - Shareholders' equity decreased from HKD 530,034,000 in 2024 to HKD 467,524,000 in 2025, representing a reduction of about 12%[64] - Cash and cash equivalents increased significantly from HKD 14,830,000 in 2024 to HKD 36,683,000 in 2025, an increase of approximately 147%[63] - Non-current assets rose from HKD 93,129,000 in 2024 to HKD 108,340,000 in 2025, an increase of about 16%[63] - Current liabilities decreased from HKD 129,907,000 in 2024 to HKD 80,400,000 in 2025, a reduction of approximately 38%[64] - The issued share capital increased from HKD 38,806,000 in 2024 to HKD 56,960,000 in 2025, an increase of about 47%[64] - The company’s total liabilities remained unchanged at HKD 80,400,000 from 2024 to 2025[64] - The company’s net current assets decreased from HKD 436,905,000 in 2024 to HKD 359,184,000 in 2025, a decline of about 18%[64] Impairment and Provisions - The company incurred impairment losses on loans and interest amounting to HKD 54,189,000, a significant increase from HKD 825,000 in 2024[61] - The provision for losses on loans and interest increased to HKD 59,081,000 in 2025 from HKD 4,892,000 in 2024, indicating a significant rise in expected credit losses[96] - The company recognized a net impairment loss of HKD 1,377,000 during the year, contributing to the overall increase in provisions[96] Employee and Operational Metrics - The total number of employees increased to 75 as of December 31, 2025, compared to 70 as of December 31, 2024[33] - The company plans to publish its annual report and corporate governance report by April 30, 2026[60]

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 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的任何損失承擔任何責 任。 本 公 司 董 事（「董 事」）會（「董事會」）謹 此 知 會 本 公 司 股 東（「股 東」）及 潛 在 投 資 者， 根據董事會目前可得資料及董事會對本集團截至2025年12月31日止年度的未 經 審 核 綜 合 管 理 賬 目 的 初 步 審 閱，本 集 團 預 期 於 截 至2025年12月31日止年度錄 得本公司擁有人應佔虧損約112百 萬 港 元，而 截 至2024年12月31日止年度則錄 得本公司擁有人應佔虧損約55.8百 萬 港 元。本 公 司 擁 有 人 應 佔 虧 損 大 幅 增 加 乃 主要由於應收貸款及應收利息減值增加約54百 萬 港 元。 GBA HOLDINGS LIMITED GBA集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：00261） 盈利警告 本公佈由GBA集 團 有 限 公 司（「本公司」，連 同 ...

( ) ( 0261) GBA ( ) ( ) ( ) ( ) ( ) GBA ...

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 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的任何損失承擔任何責 任。 GBA HOLDINGS LIMITED GBA集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：00261） 有 關 關連交易 延長財務資助 及 須予披露交易 延長財務資助之補充公佈 茲提述GBA集 團 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）於2026年2 月16日 就 關 連 交 易 及 須 予 披 露 交 易（「該等交易」）刊 發 之 公 佈（「該公佈」）。除 另 有 界 定 者 外，本 公 佈 所 用 詞 彙 應 與 該 公 佈 所 界 定 者 具 有 相 同 涵 義。 除 已 披 露 資 料 外，詳 情 如 下： 關連交易 中 建 置 地 財 務 有 限 公 司（「貸款方」，為 本 公 司 之 間 接 全 資 附 屬 公 司）與 關 連 交 易 借款方於2022年10月11日 訂 立 貸 款 協 ...

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 呈交日期: 2026年3月2日 I. 法定/註冊股本變動 | 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) | 00261 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 15,000,000,000 | HKD | | 0.2 | HKD | | 3,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 15,000,000,000 | HKD | | 0.2 | HKD | | 3,000,000,000 | 本月底法定/註冊股本總額： HKD 3,000,000,000 FF301 | | | 致：香港交易及結算所有限公司 公司 ...

Core Viewpoint - Loushow Technology (002617) has achieved significant technological breakthroughs in silicon carbide (SiC) substrates, marking advancements in both conductive and semi-insulating types, which positions the company favorably in the large-size market segment [1][6]. Group 1: Technological Advancements - The company has successfully developed 12-inch silicon carbide single crystal samples, completing the entire process from crystal growth to substrate testing [1][6]. - This achievement follows the earlier breakthrough in 8-inch conductive silicon carbide substrates, indicating a comprehensive product matrix of conductive and semi-insulating types [1][6]. Group 2: Industrial Strategy - Loushow Technology has outlined a new industrialization path, planning to expand production capacity based on the existing Phase I project at its Hefei base [4][9]. - The new production lines will focus on the large-scale manufacturing of 8-inch conductive silicon carbide substrates and 12-inch semi-insulating substrates, aiming to meet the growing market demand in sectors such as electric vehicles, photovoltaic power generation, energy storage, consumer electronics, and industrial control [4][9].

關連交易背景 茲提述本公司日期為2023年12月29日 及2024年10月10日 的 公 佈，內 容 有 關 本 公 司 間 接 全 資 附 屬 公 司 中 建 置 地 財 務 有 限 公 司（「貸款方」）與 關 連 交 易 借 款 方 所 訂 立 的 關 連 交 易 貸 款 協 議（經 第 一 份 及 第 二 份 關 連 交 易 貸 款 協 議 修 訂 及 補 充）。 於2022年10月11日，貸 款 方（本 公 司 的 間 接 全 資 附 屬 公 司）與 關 連 交 易 借 款 方 訂 立 關 連 交 易 貸 款 協 議，據 此，貸 款 方 同 意 向 關 連 交 易 借 款 方 發 放 本 金 額 為 4,500,000港 元 的 關 連 交 易 貸 款，貸 款 年 期 為 一(1)年，年 利 率 為8%。 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 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的任何損失承擔任何責 任。 GBA HOLDINGS LIMI ...

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 | | | 致：香港交易及結算所有限公司 公司名稱: GBA 集團有限公司 呈交日期: 2026年2月2日 I. 法定/註冊股本變動 | 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) | 00261 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 15,000,000,000 | HKD | | 0.2 | HKD | | 3,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 15,000,000,000 | HKD | | 0.2 | HKD | | 3,000,000,000 | 本月底法定/註冊股本總額： HKD 3,000 ...

Core Viewpoint - The ambitious silicon carbide project by Luxshare Technology is undergoing significant downsizing, with the total investment plan reduced from 19.4 billion to 9.9 billion yuan, nearly halving the initial budget [1][4]. Group 1: Project Adjustment - The remaining 9.5 billion yuan from the fundraising will be redirected to permanently supplement the company's working capital [2][4]. - The project has faced slow construction progress and output far below expectations, attributed to intensified market competition and a slowdown in downstream demand [2][5]. - The initial plan included a total investment of 100 billion yuan for the silicon carbide industrial park, with phase one investment set at 21 billion yuan [3]. Group 2: Financial Performance and Market Conditions - As of November 30, 2025, only 1.27 billion yuan has been invested in the project, representing just 6.5% of the planned 19.4 billion yuan [6]. - The project has been under scrutiny due to its slow progress, with regulatory bodies issuing warnings regarding information disclosure violations [6][7]. - The company's silicon carbide business generated only 62,570 yuan in revenue for the entire year of 2022, and 222,120 yuan in the first quarter of 2023, highlighting a stark contrast to earlier production capacity projections [6][7]. Group 3: Market Dynamics - The market for 6-inch conductive silicon carbide substrates has become increasingly competitive, with rapid capacity expansion among global manufacturers [5]. - The global electric vehicle market is experiencing a slowdown due to macroeconomic factors and changes in policies in Europe and the U.S., leading to weakened demand from automotive manufacturers [5]. - The emergence of larger 8-inch silicon carbide substrates is also impacting the market for 6-inch products, creating additional challenges for the project [5].