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: 聯泰控股有限公司 呈交日期: 2025年9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) | 00311 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | USD | | 0.01 | USD | | 15,000,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | | | 本月底結存 | | | 1,500,000,000 | USD | | 0.01 | USD | | 15,000,000 | 本月底法定/註冊股本總額： USD 15,000, ...

Core Viewpoint - Lintai Holdings (00311) reported a revenue of $296 million for the six months ending June 30, 2025, reflecting a year-on-year decrease of 2.86% while achieving a profit attributable to the company's owners of $373,000, compared to a loss of $9.728 million in the same period last year [1] Financial Performance - The improvement in financial performance is primarily attributed to the absence of non-recurring general, administrative, and legal expenses related to U.S. customs laws, which amounted to approximately $3.9 million in the same period of 2024 [1] - The overall gross profit margin increased by 1.2 percentage points to 13.9% due to effective cost control measures implemented by management [1] - Financial expenses decreased from approximately $6.412 million in the same period of 2024 to about $4.795 million for the six months ending June 30, 2025, driven by lower interest rates and strategic cash flow management [1]

Core Insights - The company reported a revenue of $296 million for the six months ending June 30, 2025, representing a year-on-year decrease of 2.86% [1] - The profit attributable to the owners of the company was $373,000, a significant improvement from a loss of $9.728 million in the same period last year [1] - Earnings per share stood at 0.04 cents [1] Financial Performance - The improvement in financial performance is attributed to the absence of non-recurring general, administrative, and legal expenses related to U.S. customs regulations, which amounted to approximately $3.9 million in the same period last year [1] - The overall gross profit margin increased by 1.2 percentage points to 13.9% due to effective cost control measures implemented by management [1] - Financial expenses decreased from approximately $6.412 million in the same period last year to about $4.795 million for the six months ending June 30, 2025, driven by lower interest rates and strategic cash flow management [1]

Core Viewpoint - 联泰控股(00311.HK) reported a slight decline in revenue for the six months ending June 30, 2025, but achieved a profit compared to a loss in the same period last year [1] Financial Performance - The company recorded revenue of approximately $295,824,000, representing a decrease of about 2.9% compared to the same period last year [1] - The profit attributable to the owners of the company was approximately $373,000, a significant improvement from a loss of approximately $9,728,000 in the previous year [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，概不對因本公告全部或任何 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。 LUEN THAI HOLDINGS LIMITED 聯泰控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：311） 有關面料購買總協議的持續關連交易 於二零二五年八月二十七日（交易時段後），本公司的直接全資附屬公司LTO與上 海紡織訂立面料購買總協議，內容有關LTO集團於二零二五年十月一日至二零二 七年十二月三十一日止期間向上海紡織集團購買面料。 於本公告日期，上海紡織透過其全資附屬公司上海紡織香港持有730,461,936股股 份，佔本公司已發行股本的約70.64%，且為本公司主要股東。因此，上海紡織及 其聯繫人為本公司的關連人士。因此，根據上市規則第十四A章，面料購買總協 議項下擬進行的交易構成本公司的持續關連交易。 由於有關截至二零二五年、二零二六年及二零二七年十二月三十一日止年度各年 根據面料購買總協議擬進行的交易的費用總額的建議年度上限涉及的一個或多個 適用百分比率（定義見上市規則 ...

[Interim Results Announcement](index=1&type=section&id=%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E5%85%AC%E5%91%8A) [Group Financial Highlights](index=1&type=section&id=Group%20Financial%20Highlights) The company reported unaudited interim results for H1 2025, showing a slight revenue decrease but a turnaround to profit for operating profit and EPS Group Financial Highlights (For the six months ended June 30) | Metric | 2025 (USD thousands) | 2024 (USD thousands) | | :--- | :--- | :--- | | Revenue | 295,824 | 304,522 | | Operating Profit / (Loss) | 4,583 | (2,602) | | Profit / (Loss) Attributable to Owners of the Company | 373 | (9,728) | | Earnings / (Loss) Per Share (US cents) | 0.04 | (0.94) | [Condensed Consolidated Financial Statements](index=2&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Income Statement](index=2&type=section&id=Condensed%20Consolidated%20Income%20Statement) For H1 2025, revenue slightly declined, but effective cost control and reduced expenses led to a significant improvement in operating profit and a turnaround to profit for the period Condensed Consolidated Income Statement (For the six months ended June 30) | Metric | 2025 (USD thousands) | 2024 (USD thousands) | | :--- | :--- | :--- | | Revenue | 295,824 | 304,522 | | Cost of Sales | (254,645) | (265,901) | | Gross Profit | 41,179 | 38,621 | | Operating Profit / (Loss) | 4,583 | (2,602) | | Finance Costs — Net | (4,795) | (6,412) | | Profit / (Loss) Before Income Tax | 99 | (8,654) | | Income Tax Credit / (Expense) | 155 | (1,154) | | Profit / (Loss) for the Period | 254 | (9,808) | | Profit / (Loss) Attributable to Owners of the Company | 373 | (9,728) | [Condensed Consolidated Statement of Comprehensive Income](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) For H1 2025, profit for the period turned to profit, and despite currency translation differences, total comprehensive income shifted from a significant loss to a modest profit Condensed Consolidated Statement of Comprehensive Income (For the six months ended June 30) | Metric | 2025 (USD thousands) | 2024 (USD thousands) | | :--- | :--- | :--- | | Profit / (Loss) for the Period | 254 | (9,808) | | Currency Translation Differences | (251) | 465 | | Total Comprehensive Income / (Loss) for the Period | 3 | (9,343) | | Total Comprehensive Income / (Loss) Attributable to Owners of the Company | 122 | (8,946) | [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, total assets grew due to increased current assets (inventory, trade receivables, cash), while total liabilities rose from increased borrowings, with total equity remaining stable Condensed Consolidated Statement of Financial Position (As at June 30, 2025) | Metric | June 30, 2025 (USD thousands) | December 31, 2024 (USD thousands) | | :--- | :--- | :--- | | **ASSETS** | | | | Total Non-current Assets | 162,498 | 165,811 | | Total Current Assets | 318,426 | 280,172 | | **TOTAL ASSETS** | **480,924** | **445,983** | | **EQUITY** | | | | Equity Attributable to Owners of the Company | 156,076 | 155,954 | | Total Equity | 156,705 | 156,702 | | **LIABILITIES** | | | | Total Non-current Liabilities | 29,266 | 26,079 | | Total Current Liabilities | 294,953 | 263,202 | | **TOTAL LIABILITIES** | **324,219** | **289,281** | | **TOTAL EQUITY AND LIABILITIES** | **480,924** | **445,983** | [Notes to the Condensed Consolidated Interim Financial Information](index=6&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Information) [1. Basis of Preparation](index=6&type=section&id=1.%20Basis%20of%20Preparation) This interim financial information is prepared under HKAS 34 'Interim Financial Reporting' and should be read with the company's annual report and public announcements - Interim financial information is prepared in accordance with HKAS 34 and should be read in conjunction with the annual report[8](index=8&type=chunk) [2. Accounting Policies](index=6&type=section&id=2.%20Accounting%20Policies) Accounting policies align with 2024 annual statements, with new HKFRS 18 expected to significantly impact consolidated income and cash flow statement presentation, currently under assessment - First-time adoption of HKAS 21 and HKFRS 1 (amended) — Lack of Exchangeability, with no significant impact expected[11](index=11&type=chunk) - HKFRS 18 (Presentation and Disclosure of Financial Statements) is expected to have a significant impact on the presentation of the consolidated income statement and cash flow statement, with the company still assessing its effects[14](index=14&type=chunk) [3. Segment Information](index=7&type=section&id=3.%20Segment%20Information) The Group's core business is apparel and accessories manufacturing and trading; H1 2025 saw apparel loss narrow, accessories revenue grow, and overall segment profit turn positive due to reduced corporate expenses - The Group's principal activities are the manufacturing and trading of apparel and accessories[15](index=15&type=chunk) Segment Revenue and Profit (For the six months ended June 30) | Segment | 2025 Revenue (USD thousands) | 2024 Revenue (USD thousands) | Revenue YoY Change (%) | 2025 Segment Profit/(Loss) (USD thousands) | 2024 Segment Profit/(Loss) (USD thousands) | Profit YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Apparel | 171,553 | 183,362 | -6.4% | (2,741) | (9,635) | 71.6% (Improvement) | | Accessories | 124,271 | 121,160 | +2.6% | 5,040 | 5,277 | -4.5% | | **Group Total** | **295,824** | **304,522** | **-2.9%** | **2,299** | **(4,358)** | **Turnaround to Profit** | - Corporate expenses significantly decreased from **USD 5,450 thousand** in 2024 to **USD 2,045 thousand** in 2025, a key factor in the turnaround to profit for the period[19](index=19&type=chunk) [4. Operating Profit / (Loss)](index=9&type=section&id=4.%20Operating%20Profit%20%2F%20%28Loss%29) Operating profit improved due to reduced depreciation, gains from asset disposal, and trade receivables impairment reversal, despite increased provisions for slow-moving inventories Components of Operating Profit (For the six months ended June 30) | Item | 2025 (USD thousands) | 2024 (USD thousands) | Change (USD thousands) | | :--- | :--- | :--- | :--- | | Amortisation of Intangible Assets | 334 | 334 | 0 | | Depreciation of Property, Plant and Equipment | 6,058 | 7,271 | -1,213 | | Depreciation of Right-of-Use Assets | 1,985 | 2,766 | -781 | | (Gain) / Loss on Disposal of Property, Plant and Equipment | (199) | 56 | -255 (Turned from Loss to Gain) | | Impairment (Reversal) / Provision for Trade Receivables | (79) | 41 | -120 (Turned from Provision to Reversal) | | Provision for Slow-Moving Inventories | 907 | — | +907 | [5. Finance Costs — Net](index=10&type=section&id=5.%20Finance%20Costs%20%E2%80%94%20Net) For H1 2025, net finance costs significantly decreased due to lower interest expenses on bank loans and overdrafts, alongside increased bank deposit interest income Components of Net Finance Costs (For the six months ended June 30) | Item | 2025 (USD thousands) | 2024 (USD thousands) | Change (USD thousands) | | :--- | :--- | :--- | :--- | | Finance Costs | (5,203) | (6,755) | +1,552 | | Interest Expense on Bank Loans and Overdrafts | (4,415) | (5,880) | +1,465 | | Finance Income | 408 | 343 | +65 | | **FINANCE COSTS — NET** | **(4,795)** | **(6,412)** | **+1,617** | [6. Income Tax (Credit) / Expense](index=10&type=section&id=6.%20Income%20Tax%20%28Credit%29%20%2F%20Expense) Income tax shifted from expense to credit due to prior year over-provision reversals, while the company navigates ongoing tax audits, disputes, and recognized current tax expenses under OECD Pillar Two rules Components of Income Tax (For the six months ended June 30) | Item | 2025 (USD thousands) | 2024 (USD thousands) | Change (USD thousands) | | :--- | :--- | :--- | :--- | | Current Income Tax | 1,912 | 1,243 | +669 | | Over-provision in Prior Years | (1,660) | — | -1,660 | | Deferred Income Tax | (407) | (89) | -318 | | **Total** | **(155)** | **1,154** | **-1,309 (Turned from Expense to Credit)** | - Settlement reached with Hong Kong Inland Revenue Department for offshore profit claims for assessment years 2000/01 to 2014/15, with an additional tax payable of **USD 4,150 thousand** already provided for[24](index=24&type=chunk) - Potential withholding tax exposure of approximately **USD 1,533 thousand** related to indirect transfers by Chinese companies has been fully provided for[25](index=25&type=chunk) - Current tax expense of **USD 562 thousand** recognized for the six months ended June 30, 2025, in relation to OECD Pillar Two rules[26](index=26&type=chunk) [7. Earnings / (Loss) Per Share](index=12&type=section&id=7.%20Earnings%20%2F%20%28Loss%29%20Per%20Share) For H1 2025, profit attributable to owners turned positive, resulting in basic EPS of **0.04 US cents** (vs. **-0.94 US cents** last year), with diluted EPS matching basic EPS Earnings / (Loss) Per Share | Metric | 2025 (USD thousands) | 2024 (USD thousands) | | :--- | :--- | :--- | | Profit / (Loss) Attributable to Owners of the Company | 373 | (9,728) | | Weighted Average Number of Ordinary Shares in Issue (thousands of shares) | 1,034,113 | 1,034,113 | | **Basic Earnings / (Loss) Per Share (US cents per share)** | **0.04** | **(0.94)** | - Diluted earnings per share are the same as basic earnings per share due to the absence of dilutive potential ordinary shares[29](index=29&type=chunk) [8. Dividends](index=13&type=section&id=8.%20Dividends) The Board decided not to declare an interim dividend for H1 2025, consistent with the prior year - The Board of Directors did not declare an interim dividend for the six months ended June 30, 2025[30](index=30&type=chunk) [9. Trade and Other Receivables](index=13&type=section&id=9.%20Trade%20and%20Other%20Receivables) As of June 30, 2025, net trade and other receivables increased, mainly in current assets, with customer credit up to 120 days and the largest portion aged 0-30 days Trade and Other Receivables (Current Portion) | Item | June 30, 2025 (USD thousands) | December 31, 2024 (USD thousands) | Change (USD thousands) | | :--- | :--- | :--- | :--- | | Trade Receivables — Net | 108,585 | 104,197 | +4,388 | | Amounts Due from Related Parties — Net | 18,050 | 19,234 | -1,184 | | Deposits, Prepayments and Other Receivables | 27,124 | 25,285 | +1,839 | | Indemnity Guarantee Assets | 16,723 | 16,723 | 0 | | **Total Current Portion** | **170,482** | **165,439** | **+5,043** | Ageing Analysis of Trade Receivables (As at June 30, 2025) | Ageing | Amount (USD thousands) | Percentage (%) | | :--- | :--- | :--- | | 0 to 30 days | 56,356 | 49.98% | | 31 to 60 days | 25,421 | 22.55% | | 61 to 90 days | 16,517 | 14.65% | | 90 to 120 days | 10,241 | 9.08% | | Over 120 days | 4,214 | 3.74% | | **Total** | **112,749** | **100.00%** | [10. Trade and Other Payables](index=14&type=section&id=10.%20Trade%20and%20Other%20Payables) As of June 30, 2025, total trade and other payables increased, driven by a significant rise in trade payables, with the largest portion aged 0-30 days Trade and Other Payables | Item | June 30, 2025 (USD thousands) | December 31, 2024 (USD thousands) | Change (USD thousands) | | :--- | :--- | :--- | :--- | | Trade Payables | 50,635 | 40,404 | +10,231 | | Other Taxes Payable | 9,266 | 9,033 | +233 | | Accrued Wages and Salaries | 19,306 | 23,177 | -3,871 | | **Total** | **93,377** | **86,796** | **+6,581** | Ageing Analysis of Trade Payables (As at June 30, 2025) | Ageing | Amount (USD thousands) | Percentage (%) | | :--- | :--- | :--- | | 0 to 30 days | 44,680 | 88.24% | | 31 to 60 days | 3,437 | 6.79% | | 61 to 90 days | 863 | 1.70% | | Over 90 days | 1,655 | 3.27% | | **Total** | **50,635** | **100.00%** | [11. Other Reserves](index=15&type=section&id=11.%20Other%20Reserves) As of June 30, 2025, total other reserves were **negative USD 6,936 thousand**, slightly down from January 1, 2025, mainly due to negative currency translation differences Movement in Other Reserves (For the six months ended June 30) | Item | January 1, 2025 (USD thousands) | Currency Translation Differences (USD thousands) | June 30, 2025 (USD thousands) | | :--- | :--- | :--- | :--- | | Capital Reserve | 7,891 | — | 7,891 | | Other Capital Reserve | (4,031) | — | (4,031) | | Employee Benefit Reserve | 870 | 43 | 913 | | Exchange Reserve | (11,415) | (294) | (11,709) | | **Total** | **(6,685)** | **(251)** | **(6,936)** | [Management Discussion and Analysis](index=16&type=section&id=Management%20Discussion%20and%20Analysis) [Operating Results and Overview](index=16&type=section&id=Operating%20Results%20and%20Overview) Despite global economic uncertainties and slight revenue decline, the Group achieved a profit turnaround by cutting non-recurring expenses, improving gross margin, and reducing finance costs - Global economic growth is projected to slow to **2.3%**, with US tariff policies introducing uncertainty[44](index=44&type=chunk) Key Financial Metrics Changes (For the six months ended June 30) | Metric | 2025 (USD thousands) | 2024 (USD thousands) | Change (USD thousands) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | 295,824 | 304,522 | (8,698) | -2.9% | | Gross Profit | 41,179 | 38,621 | +2,558 | +6.6% | | Profit / (Loss) Attributable to Owners of the Company | 373 | (9,728) | +10,101 | Turnaround to Profit | - Financial performance improvement primarily attributed to: (i) absence of non-recurring expenses related to US customs laws and regulations (approximately **USD 3,900 thousand** in prior period); (ii) overall gross profit margin increase of **1.2 percentage points** to **13.9%**; (iii) finance costs reduction of approximately **USD 1,617 thousand** to **USD 4,795 thousand**[36](index=36&type=chunk) [Segment Review](index=17&type=section&id=Segment%20Review) Apparel revenue declined but losses narrowed due to streamlined customer portfolio and eliminated non-recurring expenses, while accessories revenue grew but profit slightly decreased - Apparel and accessories businesses accounted for approximately **58.0%** and **42.0%** of total revenue, respectively[37](index=37&type=chunk) - Apparel segment revenue decreased by **6.4%** to **USD 171,553 thousand**, but segment loss significantly reduced by **71.6%** to **USD 2,741 thousand**, mainly due to the absence of non-recurring expenses[38](index=38&type=chunk) - Accessories segment revenue increased by **2.6%** to **USD 124,271 thousand**, but segment profit decreased by **4.5%** to **USD 5,040 thousand**[39](index=39&type=chunk) [Markets](index=17&type=section&id=Markets) Europe and the US remain key export markets, contributing **62.6%** of total revenue, while Asia (mainly China and Japan) accounted for **20.5%** - Total revenue from European and US customers was approximately **USD 185,196 thousand**, accounting for approximately **62.6%** of total revenue[40](index=40&type=chunk) - Revenue from Asian markets (primarily China and Japan) was approximately **USD 60,773 thousand**, accounting for approximately **20.5%** of total revenue[40](index=40&type=chunk) [Liquidity and Financial Resources](index=17&type=section&id=Liquidity%20and%20Financial%20Resources) The Group's financial position is sound, with increased cash and bank deposits, but also higher bank borrowings, leading to a **62.0%** capital gearing ratio, with all borrowings due within one year Liquidity Metrics | Metric | June 30, 2025 (USD thousands) | December 31, 2024 (USD thousands) | Change (USD thousands) | | :--- | :--- | :--- | :--- | | Total Cash and Bank Deposits | 72,756 | 54,871 | +17,885 | | Total Bank Borrowings | 169,587 | 143,501 | +26,086 | - All bank borrowings (approximately **USD 169,587 thousand**) are repayable within one year[42](index=42&type=chunk) - Capital gearing ratio is approximately **62.0%**[42](index=42&type=chunk) [Foreign Exchange Risk Management](index=18&type=section&id=Foreign%20Exchange%20Risk%20Management) The Group prudently hedges against exchange rate fluctuations by reviewing net foreign exchange exposure and using hedging arrangements, with no forward foreign exchange or hedging contracts entered this period - The Group adopts a prudent policy to hedge against exchange rate fluctuations, with major operating activities denominated in multiple currencies including USD, EUR, and HKD[43](index=43&type=chunk) - No forward foreign exchange or hedging contracts were entered into during the period[43](index=43&type=chunk) [Future Plans and Prospects](index=18&type=section&id=Future%20Plans%20and%20Prospects) Facing global economic slowdown and US tariff challenges, the Group will implement strict cost controls, streamline production, enhance strategic resilience, and adapt business strategies for sustainable development - Global economic growth is projected to slow to **2.3%**, with US tariff policies introducing uncertainty[44](index=44&type=chunk) - Will continue to implement stringent cost control measures, including reducing production, distribution, and administrative expenses, and achieving synergies through shared internal resources[45](index=45&type=chunk) - Will adhere to a long-term sustainable development strategy, streamlining and integrating diversified production bases to strengthen strategic resilience[45](index=45&type=chunk) [Significant Investments, Acquisitions and Disposals of Subsidiaries, Associates and Joint Ventures](index=19&type=section&id=Significant%20Investments%2C%20Acquisitions%20and%20Disposals%20of%20Subsidiaries%2C%20Associates%20and%20Joint%20Ventures) For the period ended June 30, 2025, the Group had no significant investment, acquisition, or disposal activities involving subsidiaries, associates, or joint ventures - No significant investment, acquisition, or disposal activities during the period[46](index=46&type=chunk) [Future Plans for Material Investments or Capital Assets](index=19&type=section&id=Future%20Plans%20for%20Material%20Investments%20or%20Capital%20Assets) As of June 30, 2025, or the announcement date, the Group has no specific plans for material investments or capital assets - No specific plans for material investments or capital assets during the period[47](index=47&type=chunk) [Charge on Assets](index=19&type=section&id=Charge%20on%20Assets) As of June 30, 2025, the Group had no assets charged to third parties - No assets charged to third parties during the period[48](index=48&type=chunk) [Contingent Liabilities](index=19&type=section&id=Contingent%20Liabilities) As of June 30, 2025, total contingent liabilities were approximately **USD 16,723 thousand**, mainly for overseas import duties, taxes, and penalties, with some related to Universal and Sachio business combinations settled - Total contingent liabilities approximately **USD 16,723 thousand**, involving overseas import duties, taxes, and penalties[49](index=49&type=chunk) - Contingent liabilities of **USD 5,504 thousand** related to the Universal business combination have been recognized as indemnity guarantee assets, with **USD 22 thousand** settled[49](index=49&type=chunk) - Contingent liabilities of **USD 11,461 thousand** related to the Sachio business combination have been recognized as indemnity guarantee assets, with **USD 220 thousand** settled[50](index=50&type=chunk) [Human Resources and Corporate Social Responsibility](index=20&type=section&id=Human%20Resources%20and%20Corporate%20Social%20Responsibility) Li & Fung recruits talent via targeted HR strategies and social responsibility programs, committed to providing a safe work environment, fair compensation, career growth, and promoting global supply chain development - Li & Fung recruits through targeted human resource strategies and adopts social responsibility programs[51](index=51&type=chunk) - Committed to providing a safe and pleasant working environment, fair compensation and benefits, and career advancement opportunities[51](index=51&type=chunk) - As a global corporate citizen, promotes global supply chain development and improves the surrounding environment[51](index=51&type=chunk) [Other Information](index=20&type=section&id=Other%20Information) [Interim Dividend](index=20&type=section&id=Interim%20Dividend) The Board resolved not to declare an interim dividend for H1 2025, consistent with the prior year - The Board of Directors did not declare an interim dividend for the six months ended June 30, 2025[52](index=52&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=21&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) For H1 2025, neither the company nor its subsidiaries purchased, sold, or redeemed any of the company's listed shares - No purchase, sale, or redemption of the company's listed securities during the period[53](index=53&type=chunk) [Corporate Governance Practices](index=21&type=section&id=Corporate%20Governance%20Practices) The company complied with Appendix C1 of the Listing Rules' Corporate Governance Code, with the Board establishing Audit, Remuneration, Nomination, and Finance & Banking Committees for enhanced oversight - The company complies with the applicable provisions of the Corporate Governance Code set out in Appendix C1 of the Listing Rules[54](index=54&type=chunk) - The Board has established an Audit Committee, Remuneration Committee, Nomination Committee, and Finance and Banking Committee[55](index=55&type=chunk)[56](index=56&type=chunk) [Compliance with the Standard Code for Directors' Securities Transactions](index=22&type=section&id=Compliance%20with%20the%20Standard%20Code%20for%20Directors%27%20Securities%20Transactions) The company adopted a directors' securities transaction code, no less exacting than Listing Rules Appendix C3, with all directors confirming compliance during the reporting period - All directors confirmed compliance with the company's adopted code of conduct for directors' securities transactions, which is no less exacting than the Standard Code set out in Appendix C3 of the Listing Rules[57](index=57&type=chunk) [Review of Interim Financial Information](index=22&type=section&id=Review%20of%20Interim%20Financial%20Information) The Audit Committee reviewed accounting principles, internal controls, and financial reporting, while PricewaterhouseCoopers reviewed the unaudited interim financial information per HKSRE 2410 - The Audit Committee reviewed accounting principles, internal controls, and financial reporting matters[58](index=58&type=chunk) - External auditor PricewaterhouseCoopers reviewed the interim financial information in accordance with Hong Kong Standard on Review Engagements 2410[58](index=58&type=chunk) [Publication of Interim Results Announcement and Interim Report](index=23&type=section&id=Publication%20of%20Interim%20Results%20Announcement%20and%20Interim%20Report) This results announcement is published on HKEX and company websites; the full interim report, with all Listing Rules information, will be dispatched to shareholders and published online - This results announcement has been published on the websites of HKEX and the company[59](index=59&type=chunk) - The interim report will be dispatched to shareholders and published on the website in due course[59](index=59&type=chunk) [Board of Directors](index=23&type=section&id=Board%20of%20Directors) As of this announcement, the Board comprises five executive, one non-executive, and three independent non-executive directors, including CEO Mr. Chan Cho Lung - Board members include Executive Directors Wang Weimin, Chan Sau Yan, Chan Cho Lung, Zhang Min, Jin Xin; Non-Executive Director Huo Yushan; Independent Non-Executive Directors Chan Ming Yin, Li Cheuk Yan, Shi Min[61](index=61&type=chunk)

Group 1 - The board meeting of Lian Tai Holdings (00311.HK) is scheduled for August 27, 2025, to consider and review the interim results for the six months ending June 30, 2025, and to declare an interim dividend if applicable [1]

（於開曼群島註冊成立的有限公司） （股份代號：311） 董事局會議日期 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，概不對因本公告全部或任何 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。 LUEN THAI HOLDINGS LIMITED 聯泰控股有限公司 聯泰控股有限公司（「本公司」）董事局（「董事局」）謹此宣佈，董事局會議將於二零二 五年八月二十七日（星期三）舉行，以（其中包括）考慮及審議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之中期業績以及宣派中期股息（如有）。 承董事局命 聯泰控股有限公司 公司秘書 陳曉亮 香港，二零二五年八月十三日 於本公告日期，董事局包括以下董事： 執行董事： 王衛民 （主席） 陳守仁 （永遠榮譽主席） 陳祖龍 （行政總裁） 章民 金鑫 非執行董事： 霍宇山 獨立非執行董事： 陳銘潤 李卓然 史敏 本公司網站：www.luenthai.com ...

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: 聯泰控股有限公司 呈交日期: 2025年8月1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) | 00311 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | USD | | 0.01 USD | | | 15,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | | | | 本月底結存 | | | 1,500,000,000 | USD | | 0.01 USD | | | 15,000,000 | 本月底法定/註冊股本總額： USD 15,000, ...

Core Viewpoint - The company anticipates a significant improvement in its financial performance for the six months ending June 30, 2025, projecting a net profit of approximately $500,000 compared to a net loss of about $9.7 million in the same period of 2024 [1] Financial Performance Summary - The expected improvement in financial performance is attributed to several factors: - There will be no non-recurring general, administrative, and legal expenses related to U.S. customs laws during the period, whereas approximately $3.9 million in such expenses were incurred in the same period of 2024 [1] - The overall gross margin has improved due to the resolution of previous issues and the ongoing strict cost control measures implemented by management [1] - Financial expenses are projected to decrease from approximately $6.4 million in 2024 to about $4.8 million in the current period due to declining interest rates and strategic allocation of funds [1] Operational Environment Summary - Despite the anticipated improvement in net performance, the management believes that the overall operating environment remains highly challenging, particularly due to uncertainties arising from the U.S. reciprocal tariff policies, which have negatively impacted performance to some extent [2] - The company maintains a conservative outlook for the second half of the year, planning to take proactive measures to reduce operational risks, enhance operational efficiency, cut costs, and manage cash flow rigorously [2] - The company will continue to closely monitor market conditions and adjust business strategies as necessary [2]