(Incorporated in Hong Kong with limited liability) （於香港註冊成立的有限公司） (Stock code 股份代號：00294) 長 江 製 衣 有 限 公 司 YANGTZEKIANG GARMENT LIMITED N O T I F I C AT I O N L E T T E R 通 知 信 函 Dear registered shareholder(s), Yangtzekiang Garment Limited (the "Company") – Notice of Publication of Annual Report, Circular and Proxy Form (the "Current Corporate Communications") The Current Corporate Communications of the Company have been published in English and Chinese languages and are available on the website of The Stock ...

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 通 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 明 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 的 任 何 損 失 承 擔 任 何 責 任 。 長 江 製 衣 有 限 公 司 YANGTZEKIANG GARMENT LIMITED （於香港註冊成立之有限公司） (股份代號： 00294) 股 東 週 年 大 會 通 告 茲通告長江製衣有限公司(｢本公司｣)謹訂於二零二五年九月二十六日(星期五)中午十二 時正假座香港九龍又一村高槐路七號又一村花園俱樂部舉行股東週年大會，以便進行下列事 項： 及授權董事會(｢董事｣)釐定董事及任何董事委員會成員的酬金； 1 ｢供股｣指董事於指定期間內，向於指定記錄日期名列本公司股東名冊之股份或任何 類別股份持有人，按其當時所持有之股份或任何類別股份之比例配發、發行或授出 股份之建議(惟董事有權就零碎股份，或根據任何適用於本公司香港 ...

長江製衣有限公司 YANGTZEKIANG GARMENT LIMITED （於香港註冊成立之有限公司） （股份代號：00294） 股東週年大會適用之代表委任表格 本人╱吾等 （附註1） 地址為 本人╱吾等之受委任代表，代表本人╱吾等出席本公司於二零二五年九月二十六日（星期五）中午十二時正 假座香港九龍又一村高槐路7號又一村花園俱樂部舉行之股東週年大會（「大會」）及其任何續會，以考慮並酌 情通過（不論有否修正或修改）日期為二零二五年七月三十一日之大會通告（「股東週年大會通告」）所載之決 議案。 請在下欄內填上「✔」號，以表示贊成或反對。如此代表委任表格簽妥後交回，但無明確指示，則代表有權自 行決定如何投票或棄權。 | | 普通決議案 | 贊成 | 反對 | | --- | --- | --- | --- | | 1. | 省覽及考慮截至二零二五年三月三十一日止年度之經審核綜合財務報表、 | | | | | 董事會報告書及獨立核數師報告。 | | | | 2. | 批准及宣派截至二零二五年三月三十一日止年度之末期股息。 | | | | 3. | (a) (i) 重選陳永棋先生為本公司執行董事。 | | | | ...

此乃要件 請即處理 閣下如對本通函之任何內容或應採取之行動有任何疑問，應諮詢 閣下之註冊證券商、 銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下之長江製衣有限公司股份全部售出或轉讓，應立即將本通函連同隨 附之代表委任表格送交買主或承讓人，或經手買賣或轉讓之銀行、註冊證券商或其 他代理商，以便轉交買主或承讓人。 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通函之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表明概不對因本通函全部或任何部 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。 長江製衣有限公司 YANGTZEKIANG GARMENT LIMITED （於香港註冊成立之有限公司） （股份代號：00294） 有關重選董事、 發行及購回股份之一般授權之建議 及 股東週年大會通告 謹定於二零二五年九月二十六日（星期五）中午十二時正假座九龍又一村高槐路七號 又一村花園俱樂部舉行股東週年大會，大會通告載於本通函第11頁至第14頁內。隨本 通函附奉代表委任表格。 無論 閣下能否出席股東週年大會，務請按照隨附之代表委任表格上所印列之指示 填妥該表格，並儘早交回本公司之註冊辦 ...

長 江 製衣有限公 司 YANGTZEKIANG GARMENT LIMITED 股份代號 Stock code : 294 | 1. | 關於本報告 2 | | | --- | --- | --- | | 1.1. | 概述 | 2 | | 1.2. | 報告範圍 | 2 | | 1.3. | 報告標準及原則 | 2 | | 1.4. | 對本報告的意見 | 2 | | 2. | | 董事會聲明 3 | | 2.1 | 管治架構 | ………………………………………………………………………………………4 | | 2.2 | 聯合國可持續發展目標 | ………………………………………………………………………4 | | 2.3 | 持續發展政策 | …………………………………………………………………………………5 | | 3. | | 我們的環境、社會及管治方針 5 | | 3.1. | 持份者參與 | 5 | | 3.2. | 重要性分析 | 6 | | 3.3. | 可持續發展績效摘要 | 6 | | 4. | | 關懷員工 7 | | 4.1. | 勞工準則 | 7 | | 4.2. | 僱傭 | 7 | | ...

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之任何損失承擔任何責任。 長 江 製 衣 有 限 公 司 YANGTZEKIANG GARMENT LIMITED ( 於 香 港 註 冊 成 立 之 有 限 公 司 ) (股份代號：00294) 截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 之 全 年 業 績 公 佈 長江製衣有限公司(｢本公司｣)之董事會宣佈本公司及其附屬公司(統稱｢本集團｣)及本集團的合營企業截至二零二五年 三月三十一日止年度之綜合業績連同相應期間的比較數字及所選取的解釋資料如下： 綜合損益表 截至二零二五年三月三十一日止年度 ( 以港元計 ) | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 附註 | 千元 | 千元 | | 收入 | 及 3 4 | 186,431 | 234,302 | | 銷售成本 | | (152,017) | (189,849) | | 毛利 | | 34,41 ...

Financial Performance - For the six months ended September 30, 2024, the company reported a loss of HKD 31,773,000 compared to a loss of HKD 18,367,000 for the same period in 2023, indicating a deterioration in performance [2]. - Total comprehensive income for the six months ended September 30, 2024, was HKD (14,145,000), while in 2023 it was HKD (38,762,000), showing an improvement in overall financial performance despite the loss [2]. - The Group reported a comprehensive loss of HK$57,129,000 for the six months ended September 30, 2024 [48]. - The loss attributable to ordinary equity shareholders for the six months ended September 30, 2024 was $31,773,000, compared to a loss of $18,367,000 in 2023, representing an increase of 73.2% [116]. - The company reported a loss for the period of $31,773,000, compared to a loss of $18,367,000 in 2023 [66]. - The consolidated loss before taxation for the six months ended September 30, 2024 was HK$32,180,000, compared to a loss of HK$17,667,000 in the same period of 2023, indicating a significant increase in losses [88]. - EBITDA for the period was reported at a loss of HK$36,708,000, compared to a loss of HK$21,081,000 in the same period last year, reflecting a 74% increase in losses [179]. Revenue and Sales - For the six months ended 30 September 2024, the Group's revenue from the manufacture and sale of garments was HK$73,088,000, a decrease of 22.0% compared to HK$94,865,000 in the same period of 2023 [16]. - Revenue from the manufacture and sale of textiles was HK$21,356,000, down 81.8% from HK$117,401,000 in the previous year [16]. - Processing service income for the period was HK$73,465,000, a decline of 22.9% from HK$95,383,000 in the same period of 2023 [16]. - Total revenue for the Group for the six months ended 30 September 2024 was HK$75,301,000, down 23.2% from HK$98,153,000 in the same period of 2023 [16]. - Revenue from external customers for the six months ended 30 September 2024 was HK$73,465,000, a decrease from HK$95,383,000 in the same period of 2023, representing a decline of approximately 23% [85]. - The core garment business revenue continued to decline, attributed to reduced orders from U.S. clients due to the current political situation [181]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the period increased to HKD 190,100,000 from HKD 74,842,000 in the previous year, reflecting a significant improvement in liquidity [7]. - Net cash used in operating activities decreased to HKD (8,726,000) from HKD (13,369,000), indicating better cash management in operations [7]. - The company reported a net cash generated from investing activities of HKD 6,315,000, compared to a net cash used of HKD (93,532,000) in the previous year, highlighting a positive shift in investment cash flows [7]. - As of September 30, 2024, cash and cash equivalents totaled $303,425,000, a slight decrease from $304,504,000 as of March 31, 2024 [125]. Assets and Liabilities - The company’s total equity as of September 30, 2024, was HKD 1,004,908,000, a decrease from HKD 1,046,921,000 in the previous year, indicating a decline in shareholder value [2]. - Current liabilities increased to HK$64,637,000 as of September 30, 2024, from HK$48,888,000 as of March 31, 2024 [46]. - The Group's inventories were valued at HK$708,756,000 as of September 30, 2024, compared to HK$736,597,000 as of March 31, 2024 [46]. - Total non-current assets as of September 30, 2024 were valued at $228,684,000, a slight decrease from $234,775,000 as of 31 March 2024 [113]. - The Group's trade creditors and bills payable totaled $45,526,000 as of September 30, 2024, compared to $35,703,000 as of March 31, 2024 [125]. Dividends and Shareholder Returns - The company approved dividends of HKD (4,135,000) for the previous year, which reflects its commitment to returning value to shareholders despite current losses [2]. - The Board has resolved not to declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year [192]. - No interim dividend was declared for the period, consistent with the previous year where no dividend was paid [116]. Investment and Capital Expenditures - The company’s investment in property, plant, and equipment showed a cash outflow of HKD 13,000, indicating ongoing capital expenditures [7]. - The Group acquired property, plant, and equipment at a cost of $13,000,000, compared to $8,000,000 in the same period last year [75]. - The Group's depreciation for owned property, plant, and equipment was $291,000 for the six months ended September 30, 2024, compared to $108,000 in 2023 [115]. Market Conditions and Future Outlook - The company noted that the major part of the loss was due to the devaluation of investment properties in Hong Kong and losses from its investment in Wuxi No. 1 Cotton Investment Co., Ltd. [179]. - The Group does not foresee an improvement in the current business situation for the remainder of the year [195]. - The Group's investment in Wuxi No. 1 Cotton Investment Co., Ltd. remains weak, contributing to the overall loss [195]. - The Group's factory in China Panyu received fewer orders from U.S. customers due to the current political situation, impacting revenue from the core garment business [195].

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 75,301,000, a decrease of 23.3% compared to HKD 98,153,000 for the same period in 2023[1]. - The net loss for the period was HKD 31,773,000, compared to a net loss of HKD 18,367,000 in the same period last year, representing a 72.6% increase in losses[1][3]. - Basic and diluted loss per share was HKD 0.15, compared to HKD 0.09 for the same period in 2023[1]. - Total comprehensive loss for the period was HKD 14,145,000, a significant improvement from a total comprehensive loss of HKD 57,129,000 in the previous year[7][8]. - Revenue from garment manufacturing and sales decreased to HKD 73,088,000 for the six months ended September 30, 2024, down from HKD 94,865,000 in 2023, representing a decline of approximately 22.9%[18]. - Total revenue from textile manufacturing and sales was HKD 21,000 for the six months ended September 30, 2024, compared to HKD 117,000 in 2023, indicating a significant drop of about 82.1%[18]. - The total rental income from investment properties was HKD 1,836,000 for the six months ended September 30, 2024, down from HKD 2,770,000 in 2023, reflecting a decrease of approximately 33.8%[18]. - The total reported segment loss before interest, tax, depreciation, and amortization was HKD (26,170,000) for the six months ended September 30, 2024, compared to HKD (20,132,000) in 2023, indicating a worsening of approximately 30.1%[25]. - The company reported a loss attributable to equity holders of HKD 31,773,000 for the six months ended September 30, 2024, compared to a loss of HKD 18,367,000 for the same period in 2023, representing a 73% increase in losses[49]. - Revenue decreased by 23% to HKD 75,301,000 for the six months ended September 30, 2024, down from HKD 98,153,000 in the previous year[48]. - Gross profit fell by 33% to HKD 13,511,000, with a gross margin of 18%, down from 20% in the prior year[48]. - Operating loss increased by 191% to HKD 7,751,000, with an operating margin of -10% compared to -3% in the previous year[48]. - EBITDA loss was HKD 36,708,000, worsening from a loss of HKD 21,081,000 in the same period last year, resulting in an EBITDA margin of -49%[48]. Assets and Liabilities - Non-current assets decreased from HKD 1,045,571,000 as of March 31, 2024, to HKD 1,027,331,000 as of September 30, 2024[10]. - Current assets increased from HKD 357,862,000 to HKD 383,212,000, driven by an increase in inventory from HKD 8,030,000 to HKD 19,193,000[10]. - Current liabilities rose from HKD 48,888,000 to HKD 64,637,000, primarily due to an increase in accounts payable and other payables[10]. - The company's total equity decreased from HKD 1,023,188,000 to HKD 1,004,908,000[10]. - The total specific non-current assets decreased to HKD 690,384,000 as of September 30, 2024, from HKD 718,444,000 as of March 31, 2024, indicating a decline of approximately 3.9%[27]. - Accounts receivable decreased to HKD 32,238,000 as of September 30, 2024, down from HKD 38,506,000 at the end of the previous reporting period[42]. Market Performance - Revenue from external customers in Hong Kong decreased to HKD 2,977,000 for the six months ended September 30, 2024, down from HKD 5,890,000 in 2023, a decline of approximately 49.6%[27]. - Revenue from the United States market was HKD 5,595,000 for the six months ended September 30, 2024, compared to HKD 9,759,000 in 2023, representing a decrease of about 42.3%[27]. Corporate Governance and Compliance - The company continues to adopt the same accounting policies as in the previous financial year, with no significant changes expected in the upcoming annual financial statements[12]. - The company did not declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year[47]. - The company has adhered to the corporate governance code as per the listing rules during the period ending September 30, 2024[57]. - The board confirmed compliance with the securities trading code for directors throughout the review period[58]. - The audit committee, consisting of three independent non-executive directors, reviewed the accounting principles and practices adopted by the group for the period ending September 30, 2024[56]. Future Outlook - The company anticipates that the current challenging conditions will not improve in the remaining part of the fiscal year[49]. Employee Information - The group employed approximately 247 employees as of September 30, 2024, with compensation packages based on performance and market salary levels[54]. Other Information - The company did not purchase, sell, or redeem any of its listed securities during the period ending September 30, 2024[55]. - The interim report for the six months ending September 30, 2024, will be sent to shareholders and published on the company's website[59]. - The company recorded a net valuation loss of HKD 8,957,000 related to investment properties, contrasting with a net valuation gain of HKD 222,000 in the prior year[41]. - The company purchased other properties, plant, and equipment at a cost of HKD 13,000,000, compared to HKD 8,000,000 in the previous year[39]. - As of September 30, 2024, the group's cash and cash equivalents and bank deposits amounted to approximately HKD 303,425,000, a slight decrease from HKD 304,504,000 as of March 31, 2024[50]. - The fair value net amount of forward foreign exchange contracts used for hedging expected transactions was HKD 493,000 (liability) as of September 30, 2024, compared to HKD 223,000 (asset) as of March 31, 2024[52].

Financial Performance - The Group's revenue for the year 2023/24 was HK$234,302,000, a decrease of 36% from HK$365,761,000 in 2022/23[7][16][18]. - The overall loss for the Group was HK$48,172,000, compared to a loss of HK$23,249,000 in the previous year, representing a 107% increase in losses[7][19]. - Operating profit decreased by 97% to HK$653,000 from HK$18,738,000 in the prior year, primarily due to reduced sales orders and losses from the Bangladesh factory[16][18]. - Gross profit fell by 38% to HK$44,453,000, with a gross profit margin of 19%, down from 20%[16]. - The core garment business experienced a 36% decline in sales, totaling HK$234,302,000 for the fiscal year 2022/23, down from HK$365,761,000 in the previous year[23]. - The group recorded an overall loss of HK$48,172,000 for the fiscal year 2022/23, compared to a loss of HK$23,249,000 in the previous year[23]. Cash Flow and Assets - The cash and bank balances were HK$304,504,000, a slight decrease of 1% from HK$306,173,000[16]. - Total assets decreased by 8% to HK$1,094,459,000, while total liabilities decreased by 16% to HK$71,271,000[16]. - The return on total assets was -4.4%, a decline of 2.5 percentage points from -1.9%[16]. - The current ratio improved by 9% to 7.3 times, up from 6.7 times[16]. - The group did not have any short-term or long-term borrowings as of March 31, 2024, and 2023[27]. - As of March 31, 2024, the group's cash and cash equivalents and bank deposits amounted to approximately HK$304,504,000, slightly down from HK$306,173,000 in 2023[27]. Market Conditions and Challenges - The garment manufacturing business is expected to face further challenges due to unstable global political and economic conditions[9][13]. - The factory in China, operating under Exquisite Knitters (Guangzhou) Limited, faced unfavorable results due to a drop in garment orders and labor dismissal compensation, leading to a pessimistic outlook for the coming year[22]. - The management is pessimistic about the results for the next financial year due to ongoing adverse factors affecting profitability, including weak market conditions and rising costs[26]. Corporate Governance - The company has complied with the Corporate Governance Code throughout the financial year ended March 31, 2024[142]. - The board of directors consists of six executive directors and three independent non-executive directors as of March 31, 2024[144]. - The Company has established mechanisms to ensure independent views and inputs are available to the board[145]. - The Company complies with the corporate governance code provisions, ensuring a balanced distribution of power and authority within the Board[156]. - The Audit Committee reviewed and discussed the interim and annual results to ensure the Group's financial statements were prepared in accordance with accounting principles generally accepted in Hong Kong[169]. Employee and Diversity Policies - As of March 31, 2024, the Group had a total workforce of 277 employees, with 28% (77) being male and 72% (200) being female[186]. - The Board comprises nine Directors, including two females and three independent non-executive directors, promoting critical review and control of the management process[184]. - The Company aims to have at least two directors of opposite gender and will increase the ratio of female members over time when selecting candidates for Board appointments[183]. - The Nomination Committee conducted an annual review of the implementation and effectiveness of the Board Diversity Policy and is satisfied with its proper implementation[185]. - The Company recognizes the benefits of a diverse workforce and will continue to enhance diversity subject to the availability of suitable candidates[187]. Social Responsibility - The group is committed to upholding high environmental standards and did not identify any material non-compliance related to product safety or environmental performance[37][38]. - The group actively supports charitable organizations and encourages staff participation in various charitable activities, demonstrating its corporate social responsibility[40]. - Charitable donations made by the Group during the year increased to HK$12,000 from HK$10,000 in 2023[86]. Shareholder Information - The final dividend recommended by the Board is HK2 cents per ordinary share, totaling HK$4,135,000, consistent with the previous year[84]. - The reserves available for distribution to equity shareholders as of March 31, 2024, amount to HK$248,502,000, a decrease from HK$261,208,000 in 2023[85]. - The largest customer accounted for 15% of the Group's total sales, while the five largest customers collectively represented 51% of total sales, up from 43% in 2023[95]. - The largest supplier accounted for 17% of total purchases, with the five largest suppliers together making up 40% of total purchases, an increase from 37% in 2023[95].

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之任何損失承擔任何責任。 長 江 製 衣 有 限 公 司 YANGTZEKIANG GARMENT LIMITED ( 於 香 港 註 冊 成 立 之 有 限 公 司 ) (股份代號：00294) 截 至 二 零 二 四 年 三 月 三 十 一 日 止 年 度 之 全 年 業 績 公 佈 長江製衣有限公司(｢本公司｣)之董事會宣佈本公司及其附屬公司(統稱｢本集團｣)及本集團的合營企業截至二零二四年 三月三十一日止年度之綜合業績連同相應期間的比較數字及所選取的解釋資料如下： 綜合損益表 截至二零二四年三月三十一日止年度 ( 以港元計 ) | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | 附註 | 千元 | 千元 | | 收入 | 及 3 4 | 234,302 | 365,761 | | 銷售成本 | | (189,849) | (294,064) | | 毛利 | | 44,45 ...