Group 1 - The stock price of Hong Kong Yu Smart City Services (00265.HK) closed at HKD 0.850 on August 20, down 6.59% from the previous trading day, with an intraday low of HKD 0.710, marking a new low in nearly a year [1] - The net capital outflow for the day was HKD 0.85 million, with no significant inflow or outflow recorded [1] - Hong Kong Yu Smart City Services Holdings Limited, established in 1999, focuses on property management and leasing, urban sanitation, commercial operation management, and integrated urban services, aiming to become a leading smart city service platform [1] Group 2 - The company has evolved from managing a single community to servicing an entire city, expanding its operations from Shijiazhuang to the Beijing-Tianjin-Hebei region [1] - It has been recognized as a "provincial well-known brand" in property management for several consecutive years and is acknowledged as a "Chinese property service brand with influence" [1] - The company is committed to establishing industry benchmarks and maintaining steady growth in its operations [1]

Core Viewpoint - ST Jinggu plans to transfer 51% equity of Huayin Wood Industry to its controlling shareholder, Chow Tai Fook Investment, amid significant operational challenges and financial losses [1][6][7]. Group 1: Asset Transfer Details - The transaction is expected to constitute a major asset restructuring, with a minimum estimated transaction price of 133 million CNY [6][7]. - The transfer aims to isolate Huayin Wood's debts, lawsuits, and operational risks, thereby improving ST Jinggu's financial condition [7][9]. - Huayin Wood's revenue is projected to account for 87.02% of ST Jinggu's audited revenue for 2024, indicating a drastic reduction in ST Jinggu's operational scale post-transaction [6][9]. Group 2: Financial and Operational Challenges - Huayin Wood reported a loss of approximately 19 million CNY in inventory due to mismanagement, leading to significant operational disruptions [3][10]. - The company is currently facing multiple legal issues, with 12 asset preservation measures totaling around 95.15 million CNY [10]. - ST Jinggu's stock price increased by 4.95% to 19.93 CNY per share, with a total market capitalization of 2.6 billion CNY, despite ongoing financial difficulties [3][4]. Group 3: Historical Context and Future Outlook - ST Jinggu acquired 51% of Huayin Wood for 270 million CNY in 2023, with performance guarantees that have not been met, leading to financial strain [12][13]. - The company anticipates continued losses, projecting a net loss of 105 million to 130 million CNY for the first half of 2025 [14]. - The ongoing challenges in the artificial board market, influenced by real estate trends and increased competition, are expected to further impact ST Jinggu's performance [14].

Core Viewpoint - ST Jinggu plans to transfer its 51% stake in Tangxian Huiyin Wood Industry Co., Ltd. to its controlling shareholder, Zhou Dafu Investment Co., Ltd., or its designated affiliates, aiming to divest non-performing assets and alleviate operational burdens [2][5]. Group 1: Transaction Details - The transaction is expected to constitute a major asset restructuring and related party transaction, but will not change the controlling shareholder or actual controller of the company [2]. - The transaction will be settled in cash, with the price expected to be no less than 133 million yuan, based on asset evaluation results [5]. - The transfer aims to isolate debts, lawsuits, and operational risks associated with Huiyin Wood, thereby optimizing the asset structure and improving financial conditions [5][6]. Group 2: Financial Impact - Huiyin Wood's revenue is projected to account for 87.02% of ST Jinggu's total revenue in 2024, indicating a significant impact on the company's main business scale post-sale [5]. - The company anticipates that the transaction will lower its asset-liability ratio and enhance its ongoing operational capacity [5]. - ST Jinggu recorded a goodwill impairment of 83.3187 million yuan due to Huiyin Wood's failure to meet profit commitments in 2024 [10]. Group 3: Legal and Operational Challenges - Huiyin Wood has faced multiple legal challenges, with six property preservation cases this year, totaling approximately 66.9 million yuan, which represents 70.34% of ST Jinggu's latest audited net assets [11]. - The company has been involved in lawsuits primarily stemming from private lending issues, further complicating its operational landscape [10][11].

Core Viewpoint - ST Jinggu (600265.SH) is divesting its 51% stake in Huiyin Wood Industry to alleviate operational burdens and enhance long-term development due to ongoing poor performance since 2024 and continued risks in 2025 [1] Group 1 - The transaction aims to separate underperforming assets from the company to reduce financial pressure and promote healthy growth [1] - The stake will be transferred to the controlling shareholder, Chow Tai Fook Investment Co., Ltd., or its designated affiliates, with specific details to be negotiated further [1] - The transaction is expected to be classified as a major asset restructuring under the regulations, without changing the controlling shareholder or actual controller [1] Group 2 - The divestment will allow the company to isolate debts, lawsuits, and operational risks associated with Huiyin Wood Industry [1] - Post-transaction, the company anticipates optimizing its asset structure and improving its financial condition [1] - The cash settlement method will not affect the company's equity structure, and it is expected to lower the debt-to-asset ratio and enhance ongoing operational capabilities, thereby protecting investor interests [1]

GANGYU SMART URBAN SERVICES HOLDING LIMITED 港譽智慧城市服務控股有限公司 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告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部 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。 （於開曼群島註冊成立的有限公司） （股份代號：265） 澄清公告 董事會會議召開日期 茲 提 述 港 譽 智 慧 城 市 服 務 控 股 有 限 公 司（「本公司」）日 期 均 為 二 零 二 五 年 八 月 十 四 日 之 公 告 及 澄 清 公 告（「該等公告」），內 容 有 關 本 公 司 董 事 會 會 議（「董事會會 議」）召 開 日 期。 本 公 司 謹 此 澄 清，本 公 司 董 事 會 將 於 董 事 會 會 議 上 考 慮 宣 派 中 期 股 息（如 有），而 非末期股息。 莫躍明 香港，二零二五年八月十五日 於本公告日期，董事會包括三名執行董事，即莫躍明先生、郝英女士及薛飛先生； 兩名非執行董事，即何琦先生及隋風致先生；及三名獨立非執行董事，即林華榕 先生、Julie ...

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告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部 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。 GANGYU SMART URBAN SERVICES HOLDING LIMITED 港譽智慧城市服務控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：265） 澄清公告 董事會會議召開日期 於本公告日期，董事會包括三名執行董事，即莫躍明先生、郝英女士及薛飛先生； 兩名非執行董事，即何琦先生及隋風致先生；及三名獨立非執行董事，即林華榕 先生、Juliett Jing Dong女士及姚剛先生。 茲 提 述 港 譽 智 慧 城 市 服 務 控 股 有 限 公 司（「本公司」）於 二 零 二 五 年 八 月 十 四 日（「該 公 告」）就 本 公 司 董 事 會 會 議 召 開 日 期（「董事會會議」）。 本 公 司 謹 此 澄 清，董 事 會 會 議 的 日 期 為 二 零 二 五 年 八 月 二 十 六 日（星 期 二）。 除本公告所披露者外，該公告所載的所有其他資料均保持不變。 承董事會命 ...

Group 1 - The board meeting of Hong Kong Yu Smart City Services (00265.HK) is scheduled for August 22, 2025, to consider and approve the interim results for the six months ending June 30, 2025, and to discuss the potential declaration of a final dividend, if any [1]

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告之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部 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。 GANGYU SMART URBAN SERVICES HOLDING LIMITED 港譽智慧城市服務控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：265） 董事會會議召開日期 港 譽 智 慧 城 市 服 務 控 股 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）謹 此 宣 佈， 董 事 會 會 議 將 於 二 零 二 五 年 八 月 二 十 二 日（星 期 五）舉 行，藉 以 考 慮 及 批 准（其 中 包 括）本 公 司 及 其 附 屬 公 司 截 至 二 零 二 五 年 六 月 三 十 日 止 六 個 月 期 間 之 中 期 業 績 以 供 發 佈 及 考 慮 宣 派 末 期 股 息（如 有）。 承董事會命 香港，二零二五年八月十四日 於本公告日期，董事會包括三名執行董事，即莫躍明先生、郝英女士及薛飛先生； 兩名非執行董事，即何琦先生及隋風致先生；及三名獨立非執行 ...

Core Viewpoint - ST Jinggu (600265.SH) reported a significant inventory loss of approximately 19 million yuan due to misconduct by a former controlling shareholder, Wang Lansun, who allegedly bypassed internal controls and misappropriated company assets [1] Group 1: Inventory Loss Details - The inventory loss was identified during a mid-year stocktaking at the subsidiary, Tangxian Huiyin Wood Industry Co., Ltd. (referred to as "Huiyin Wood") [1] - The preliminary investigation indicates that Wang Lansun may have sold some of the goods, with proceeds transferred to personal bank accounts [1] - The financial department estimates that the inventory loss will result in a loss of about 19 million yuan for Huiyin Wood, translating to approximately 9.69 million yuan attributable to the listed company [1] Group 2: Legal Actions and Investigations - Huiyin Wood has reported the incident to law enforcement to protect the company's interests, suspecting that Wang Lansun's actions may involve criminal conduct [1] - As of the announcement date, law enforcement has not yet filed a case regarding this matter [1] - The final amount involved in the case is pending further investigation and verification by law enforcement [1]

Core Viewpoint - The company, 港誉智慧城市服务 (00265), has issued a profit warning, expecting a significant decline in interim profit attributable to shareholders for the six months ending June 30, 2025, compared to the same period in 2024, with an anticipated drop of approximately 37% [1] Financial Performance - The expected profit for the six months ending June 30, 2025, is projected to be around 24 million HKD, down from approximately 38 million HKD for the same period in 2024 [1] - The board attributes the anticipated decline primarily to an increase in fair value losses on investment properties amounting to approximately 4.3 million HKD [1] - Additionally, a decrease in bank interest income of about 2.7 million HKD is expected to contribute to the profit decline [1] - The group also anticipates a decrease in gross profit, further impacting overall profitability [1]