(Incorporated in Bermuda with limited liability) ) (於百慕達註冊成立之有限公司 Yours faithfully, Emperor Entertainment Hotel Limited The following document(s) of Emperor Entertainment Hotel Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at https://www.Emp296.com and The Stock Exchange of Hong Kong Limited at https://www.hkexnews.hk (collectively "Websites"):- 2025/2026 Interim Report If you have provided an email address via Hong Kong Securities Clea ...

The following document(s) of Emperor Entertainment Hotel Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at https://www.Emp296.com and The Stock Exchange of Hong Kong Limited at https://www.hkexnews.hk (collectively "Websites"):- 2025/2026 Interim Report If you have not provided us with an email address but now would like to receive an email notification of the publication of the Corporate Communication(s). (Note) on the Websites instead ...

Financial Performance - Total revenue for the period was HKD 335.6 million, a decrease of 17.7% compared to HKD 407.9 million in 2024[6] - Gaming revenue decreased to HKD 177.9 million, down from HKD 253.0 million in 2024[6] - The company reported a gross profit of HKD 105,777,000, down 33.8% from HKD 159,839,000 in the previous year[21] - The net loss for the period was HKD 73,120,000, significantly improved from a loss of HKD 225,686,000 in the same period last year[21] - The company reported a pre-tax loss of HKD 77,192,000 for the six months ended September 30, 2025, compared to a loss of HKD 221,596,000 in the same period of 2024[35][37] - Total gaming revenue for the six months was HKD 177,890,000, a decrease of 29.6% from HKD 253,049,000 in the previous year[35][37] - The company recorded a significant decrease in the fair value of investment properties, with a loss of HKD 68,800,000 compared to a loss of HKD 263,892,000 in the previous year[21] - The company recorded a deferred tax expense of HKD 4,945,000 for the current period, compared to a deferred tax benefit of HKD 1,801,000 in the previous period[41] Revenue Breakdown - Hotel and rental apartment revenue slightly increased to HKD 157.7 million, representing 47.0% of total revenue, compared to 38.0% in 2024[14] - Hotel room revenue increased to HKD 84,864,000, up 15.2% from HKD 73,629,000 in the previous year[29] - Total hotel revenue for the six months was HKD 132,485,000, a slight increase from HKD 129,085,000 year-over-year[35][37] - Rental income from leases totaled HKD 25,224,000, slightly down from HKD 25,775,000 year-over-year[30][37] Visitor Statistics - The number of visitors to Hong Kong increased by 13.5% to 24.2 million, benefiting the group's operations[15] - The number of visitors to Macau rose by 16.2% to 19.8 million, indicating a positive trend for the tourism sector[15] Financial Position - The group maintains a strong financial position with total cash and bank deposits of HKD 565.0 million as of September 30, 2025[16] - Cash and cash equivalents decreased to HKD 479,732,000 from HKD 525,943,000 at the beginning of the period[25] - The group's total borrowings remained stable at HKD 39.5 million, with a capital debt ratio of zero[16] - Total liabilities decreased to HKD 111,901,000 from HKD 123,251,000, indicating a reduction of about 9.2%[49] Employee and Operational Changes - The company had 439 employees as of September 30, 2025, a reduction from 670 employees in 2024, with total employee costs amounting to HKD 153,100,000[19] - The group incurred professional service fees of HKD 198,000 to a related company, down 62.9% from HKD 534,000 in the previous year[56] - The group’s executive compensation for the six months ended September 30, 2025, was HKD 326,000, a decrease of 27.7% from HKD 451,000 in the same period of 2024[57] Corporate Governance - The company has complied with all corporate governance codes as per the listing rules during the reporting period[65] - The interim financial statements in the report were reviewed by the company's audit committee, consisting of three independent non-executive directors[68] - The company has confirmed that all directors adhered to the securities trading code during the reporting period[66] Shareholder Information - As of September 30, 2025, Mr. Yang holds 4,121,416,834 shares in Emperor International, representing approximately 74.71% of the voting shares[61] - As of September 30, 2025, Yang Shou Cheng Industrial Holdings has a stake of 636,075,041 shares, accounting for approximately 53.52% of the voting shares[62] - Ms. Fan holds 15,750,000 shares in Emperor International, representing approximately 0.29% of the voting shares[61] Future Plans and Commitments - The group is actively planning to enhance entertainment and leisure facilities at its hotels following the termination of gaming operations at the Emperor Entertainment Hotel[12] - The group has a capital commitment of HKD 6,467,000 for properties, machinery, and equipment as of September 30, 2025, significantly reduced from HKD 21,669,000 as of March 31, 2025[54] - The group will cease providing gaming-related marketing and public relations services to 澳娛 starting October 31, 2025, following the termination of their service agreement[58] Accounting and Reporting - The financial statements were prepared in accordance with Hong Kong Financial Reporting Standards and are consistent with the accounting policies used in the previous fiscal year[27] - The company did not apply any new or revised accounting standards that have not yet come into effect during the current accounting period[28] - No stock options have been granted under the stock option plan since its adoption[64]

Core Viewpoint - The controlling shareholder of Jia Mei Packaging, Zhong Bao Hong Kong, is planning a change in control, which may lead to a change in the actual controller of the company. The stock will be suspended from trading starting December 10, 2025, for up to two trading days due to this uncertainty [2]. Group 1: Company Overview - Jia Mei Packaging is a platform enterprise serving beverage brands across the entire industry chain, providing R&D, design, production, and sales of beverage packaging containers, as well as beverage formula development, filling production, and marketing services [2]. - The company owns 17 subsidiaries covering various business segments, including tinplate, three-piece cans, two-piece cans, and various packaging materials for beverage filling OEM [2]. Group 2: Shareholder Information - As of September 30, 2025, Zhong Bao Hong Kong holds 44.75% of Jia Mei Packaging's shares, with Chen Min and Li Cuiling as the actual controllers. On November 18, Zhong Bao Hong Kong announced plans to reduce its holdings by up to 1.5 million shares, accounting for 0.16% of the total share capital [3]. - The second and third largest shareholders, Fu Xin Investment and Zhong Kai Investment, also announced plans to reduce their holdings by approximately 9.34 million shares, representing 1% of the total share capital [6]. Group 3: Financial Performance - The company's net profit dropped to a record low of 17.03 million yuan in 2022, but showed significant recovery in 2023 and 2024. However, in the first three quarters of 2025, Jia Mei Packaging's profitability weakened again, with total revenue of 2.039 billion yuan, a year-on-year decrease of 1.94%, and a net profit of 39.16 million yuan, down 47.25% year-on-year [9]. - Despite the financial challenges, Jia Mei Packaging's stock price has been rising, with a 16% increase over three trading days, closing at 4.56 yuan per share on December 9, 2025, giving it a market value of 4.36 billion yuan [11].

Group 1 - Financial stocks experienced a significant rally on December 5, with multi-financial, insurance, and securities sectors collectively rising [1] - The multi-financial sector saw notable gains, with Ruida Futures surging by 10.01% to a price of 26.71, while Nanhua Futures and Yong'an Futures also increased [2] - Insurance stocks collectively rose, with China Pacific Insurance increasing by over 6%, and both China Ping An and China Life Insurance rising by over 4% [3] Group 2 - Brokerage stocks saw substantial increases, with Bank of China Securities rising by over 9%, and other firms like Xiangcai Shares and Dongfang Fortune also experiencing gains [4] - Specific stock performances included Bank of China Securities at +9.55% to 13.88, and Xiangcai Shares at +4.11% to 11.65 [4]

Group 1 - The packaging sector experienced a significant rise, with companies such as Shengxing Co. and Jiamei Packaging hitting the daily limit up [1] - Other companies in the packaging industry, including Hexing Packaging and Shunhao Co., also saw their stocks reach the limit up earlier [1] - Hongyu Packaging increased by over 10%, while companies like Jiyou Co., Baosteel Packaging, Jinfut Technology, Huayuan Holdings, and Zhuhai Zhongfu followed with gains [1] Group 2 - Jiamei Packaging's stock rose by 9.92% to 4.32, while Shengxing Co. increased by 9.94% to 7.19 [2] - Hexing Packaging saw a 10.02% increase, reaching 4.72, and Shunhao Co. rose by 9.98% to 11.90 [2] - Other notable movements included Jiyou Co. with a slight increase of 0.18% to 10.91, and Baosteel Packaging rising by 2.91% to 5.30 [2]

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 FF301 公司名稱: Emperor Entertainment Hotel Limited 英皇娛樂酒店有限公司 (於百慕達註冊成立之有限公司) 呈交日期: 2025年12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) | 00296 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 2,000,000,000,000 | HKD | 0.0001 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | 0 | | HKD | | 0 | | 本月底結存 | | 2,000,000,000,000 | HKD | 0.0001 | HKD | | 200,000,000 | 本月底法定/註冊股 ...

Group 1 - The company reported a revenue of HKD 336 million for the six months ending September 30, 2025, representing a year-on-year decrease of 17.73% [1] - The net loss for the period was HKD 73.1 million, which is a year-on-year reduction of 67.61% [1] - The loss attributable to the company's owners was HKD 57.39 million, reflecting a year-on-year decrease of 67.74% [1] - The basic loss per share was HKD 0.05 [1]

Group 1: Company Performance - The total revenue for Emperor Entertainment Hotel for the 2025/2026 interim period was HKD 336 million, a decrease from HKD 407.9 million in 2024 [1] - The net loss significantly narrowed to HKD 73.1 million, compared to a net loss of HKD 225.7 million in 2024 [1] - The basic loss per share was HKD 0.05, improved from HKD 0.15 in 2024 [1] Group 2: Tourism Industry Outlook - The number of visitors to Hong Kong increased by 13.5% to 24.2 million due to government measures aimed at enhancing Hong Kong's status as an international tourism hub [1] - The Hong Kong government plans to strengthen tourism products with local and international characteristics, encouraging longer stays and targeting high-end travelers [1] - In Macau, the number of visitors rose by 16.2% to 19.8 million, supported by government initiatives for urban transformation and cross-border tourism [2] - The Macau tourism bureau aims to expand international markets, particularly in high-potential regions like the Middle East and India [2]

Financial Performance - Total revenue for the period was HKD 335.6 million, a decrease of 17.7% from HKD 407.9 million in 2024[4] - Gaming revenue decreased to HKD 177.9 million, down 29.5% from HKD 253.0 million in 2024[4] - Net loss narrowed significantly to HKD 73.1 million, compared to a net loss of HKD 225.7 million in 2024[4] - Basic loss per share improved to HKD 0.05 from HKD 0.15 in 2024[4] - The group reported a loss before tax of HKD 77,192,000 for the six months ended September 30, 2025, compared to a loss of HKD 221,596,000 in 2024, indicating an improvement in performance[20] - The gross profit for the six months ended September 30, 2025, was HKD 105,777,000, down from HKD 159,839,000 in 2024, representing a decline of 33.8%[20] - The group reported a pre-tax loss of HKD 77,192,000 for the six months ended September 30, 2025, compared to a pre-tax profit of HKD 221,596,000 for the same period in 2024[34][37] Revenue Breakdown - Hotel and rental apartment revenue slightly increased to HKD 157.7 million, representing 47.0% of total revenue, compared to 38.0% in 2024[12] - Rental income for the six months ended September 30, 2025, was HKD 25,224,000, slightly down from HKD 25,775,000 in 2024[29] - Macau business generated gaming revenue of HKD 177,890,000, while hotel revenue was HKD 79,958,000 and rental income was HKD 8,870,000, totaling HKD 266,718,000 for the six months ended September 30, 2025[33] - Hong Kong business contributed hotel revenue of HKD 52,527,000 and rental income of HKD 16,354,000, resulting in total revenue of HKD 68,881,000 for the same period[33] - Adjusted EBITDA for Macau business was HKD 36,882,000 and for Hong Kong business was HKD 8,359,000, leading to a combined adjusted EBITDA of HKD 45,241,000 for the six months ended September 30, 2025[33] Visitor Statistics - The number of visitors to Hong Kong increased by 13.5% to 24.2 million, benefiting the group's operations[13] - Macau visitor numbers rose by 16.2% to 19.8 million, indicating a positive trend for the group's future prospects[13] Employee and Cost Management - The group had 439 employees as of September 30, 2025, down from 670 employees in 2024, reflecting a reduction in workforce[18] - The total employee costs for the period amounted to HKD 153,100,000, a decrease of 5.4% from HKD 162,300,000 in 2024[18] - Employee costs accrued increased to HKD 32,670,000 as of September 30, 2025, up 14.3% from HKD 28,506,000 as of March 31, 2025[43] Financial Position - The group's cash and bank deposits totaled HKD 565.0 million as of September 30, 2025, slightly down from HKD 572.9 million on March 31, 2025[14] - Total borrowings remained stable at HKD 39.5 million, with a capital debt ratio of zero[15] - The group's total assets as of September 30, 2025, were HKD 4,323,363,000, a decrease from HKD 4,425,650,000 as of March 31, 2025[22] - Trade receivables as of September 30, 2025, amounted to HKD 30,655,000, with a provision for impairment of HKD 12,370,000, resulting in a net receivable of HKD 18,285,000[42] - Trade payables as of September 30, 2025, amounted to HKD 10,886,000, a decrease of 7.6% from HKD 11,776,000 as of March 31, 2025[43] - Other payables and accrued expenses totaled HKD 48,964,000 as of September 30, 2025, down 15.6% from HKD 58,073,000 as of March 31, 2025[43] Corporate Governance - The company has complied with all provisions of the corporate governance code as set out in Appendix C1 of the Listing Rules during the period[46] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[50] Operational Changes - The group is actively planning to enhance entertainment and leisure facilities at its hotels to broaden its revenue base following the termination of gaming operations[10] - The company entered into a termination agreement with 澳娛 on October 27, 2025, ending its service agreement effective October 31, 2025, which includes the cessation of gaming operations at the 英皇娛樂酒店[44] Interim Results - The interim financial statements for the period have not been reviewed or audited by the company's auditor, but were reviewed by the audit committee[45] - The interim results announcement was published on the Hong Kong Stock Exchange website and the company's website[49] - The company did not declare any interim dividend for the period, consistent with the previous year[19][41] - No repurchase, sale, or redemption of the company's listed securities occurred during the period[48]