(股份代號：326) 董事會會議日期 承董事會命 中國星集團有限公司 公司秘書 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。 黃淑嫻 中 國 星 集 團 有 限 公 司 香港，二零二五年八月十八日 ( 於百慕達註冊成立之有限公司 ) 中國星集團有限公司(「本公司」)之董事會(「董事會」)謹此宣佈，董事會將於 二零二五年八月二十九日星期五舉行董事會會議，藉以(其中包括)考慮及批准本 公司及其附屬公司截至二零二五年六月三十日止六個月未經審核之中期業績及 考慮派發中期股息(如有)。 於本公佈日期，本公司之執行董事為向華強先生、陳明英女士及李玉嫦女士， 而本公 司之獨立非執行董事為洪祖星先生、何偉志先生及戴國良先生。 ...

Group 1 - The Hong Kong film and television stocks experienced a general rise, with notable increases in several companies' stock prices [1] - Fengde Li Holdings saw a rise of over 12%, while Ningmeng Film and Television increased by over 10% [1] - New Stone Culture, Damai Entertainment, and Yaoxing Technology Group also reported gains of 5.49%, 4.07%, and nearly 4% respectively [1] Group 2 - Fengde Li Holdings' latest price is 0.064 with a market capitalization of 112 million and a year-to-date increase of 20.75% [2] - Ningmeng Film and Television's stock price is 4.820, with a market cap of 1.743 billion and a year-to-date increase of 72.14% [2] - Damai Entertainment has a stock price of 1.280, a market cap of 38.241 billion, and a significant year-to-date increase of 169.47% [2]

Group 1 - Hong Kong film stocks experienced a surge, with New Stone Culture rising over 9% [1] - China Star Group increased by more than 7% [1] - Damai Entertainment saw a rise of over 6% [1]

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: 2025年7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: 中國星集團有限公司 呈交日期: 2025年8月1日 | 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) | 00326 | 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 | | | 2,428,906,151 | | | 0 | | 2,428,906,151 | | 增加 / 減少 (-) | | | | 0 | | 0 | | | | 本月底結存 | | | 2,428,906,151 | | | 0 | | 2,428,906,151 | 第 2 頁 共 10 頁 v 1.1.1 I. 法定/註冊股本變動 | 1. 股份分類 | 普 ...

Group 1 - China's Q2 GDP growth reached 5.2%, exceeding expectations, leading to a rally in Hong Kong stocks [1] - The Hang Seng Technology Index surged by 2.8%, while the Hang Seng Index and the National Enterprises Index rose by 1.6% and 1.65% respectively [1][2] - Major technology stocks performed strongly, with Alibaba rising nearly 7%, Meituan and Baidu up over 4%, and Tencent increasing by 3.5% [2][4] Group 2 - The cryptocurrency sector faced challenges, with Bitcoin dropping below $117,000, leading to a decline in related stocks [2] - Real estate development investment in China fell by 11.2% year-on-year in the first half of the year, impacting domestic property stocks significantly [2][13] - The construction materials and cement stocks also saw declines, with major players like Jinyu Group and Anhui Conch Cement dropping over 6% and 4% respectively [11][12] Group 3 - The innovative drug sector showed strength, with companies like BeiGene and CSPC Pharmaceutical rising over 7% [7][8] - Stablecoin-related stocks performed well, with Yunfeng Financial increasing by 19.5% and Weishi Jiajie up by 11% [9][10] - The entertainment sector saw gains, with China Star Group rising over 10% and Tencent Music increasing by over 5% [15] Group 4 - Southbound funds recorded a net inflow of HKD 3.824 billion, indicating strong interest in Hong Kong stocks [18] - Analysts noted a shift in investor sentiment towards undervalued stocks, with some funds looking to capitalize on recent price corrections in major internet companies [17]

Core Viewpoint - China Star Group (00326) has acknowledged the recent announcement from the Securities and Futures Commission (SFC) regarding its shareholding distribution and stock price movements [1][2] Group 1: Shareholding Distribution - As of June 27, 2025, 19 shareholders and their related parties collectively held 579 million shares, representing 23.83% of the company's issued share capital [1] - The shares held by the chairman and vice-chairman amount to 1.64 billion shares, which is 67.54% of the issued share capital, leading to a total of 91.37% of the issued share capital being held by these parties [1] - Only 209.7 million shares, or 8.63% of the issued share capital, are held by other shareholders [1] Group 2: Stock Price Movement - The closing price of the shares increased from HKD 0.53 on March 18, 2025, to HKD 1.67 on June 27, 2025, marking a rise of 215% [2] - As of July 10, 2025, the company's stock price closed at HKD 3.41, reflecting a significant increase of 543.4% compared to the closing price of HKD 0.53 on March 18, 2025 [2] - The board of directors has decided to take steps to verify the matters mentioned in the SFC announcement and will provide further updates to the market as soon as feasible [2]

Core Viewpoint - The Hong Kong Securities and Futures Commission has investigated the shareholding distribution of China Star Group, revealing a highly concentrated ownership structure with significant implications for stock price volatility [1][3]. Shareholding Structure - As of June 27, 2025, 19 shareholders and related parties collectively hold 578,865,000 shares, representing 23.83% of the company's issued share capital [1][3]. - The chairman and vice-chairman hold 1,640,375,595 shares, accounting for 67.54% of the issued share capital, leading to a total of 91.37% of shares held by these major stakeholders [1][3]. - Only 209,665,556 shares, or 8.63% of the issued share capital, are held by other shareholders [1][3]. Stock Price Movement - Between March 18, 2025, and June 27, 2025, the closing price of the company's shares increased by 215% from HKD 0.53 to HKD 1.67 [2][3]. - On July 10, 2025, the stock price closed at HKD 3.41, representing a 543.4% increase compared to the closing price of HKD 0.53 on March 18, 2025 [2][3]. Company Overview - China Star Group, founded by Mr. Charles Heung, is a publicly listed entity that holds exclusive global distribution rights for films and television series produced by its subsidiaries [4]. - The company is recognized as a major supplier of audiovisual products in Hong Kong, establishing a prominent position in the global Chinese film production and distribution industry [4].

Economic Recovery and Market Trends - Macau's gaming revenue reached MOP 226.782 billion, a year-on-year increase of 23.9%, recovering to 78% of pre-pandemic levels[12] - The property market in Macau saw transaction volumes exceed 3,000 units in 2024, with a projected increase of approximately 10% in residential transactions for the first half of 2025, reaching around 3,500 units[14] - Nearly 1 million tourist visits to Macau were recorded during the National Day holiday in 2024, indicating a recovery in tourism[12] - The central government continues to implement stabilization measures for the property market, which are expected to positively influence economic recovery in Macau[14] - New policies such as "multiple entries with one visa" and "one trip per week" are expected to inject new growth momentum into Macau's economy[14] - The U.S. Federal Reserve's three interest rate cuts since September 2023, combined with the mainland's RMB 6 trillion debt resolution plan, have positively impacted the property market[14] Property Development and Sales - For the year ended December 31, 2024, the Group recorded revenue of HK$728,216,000, representing an increase of 253% compared to HK$206,168,000 for the year ended December 31, 2023[22] - Property development and investment operations contributed HK$675,240,000 to the Group's revenue, a significant increase from HK$148,230,000 in 2023[23] - The first tower of Tiffany House is nearing sell-out, with the second tower launched in the second half of the year[16] - The Macau government has introduced favorable real estate policies, including a mortgage ceiling of 70% for all residential properties starting January 2024[17] - Sales of residential units at Tiffany House began in October 2022, with total sales during the year amounting to HK$674,308,000 for 66 units in Tower 1 and 16 units in Tower 2[44] - As of December 31, 2024, there are 126 unsold residential units at Tiffany House, with 21 units under provisional agreements totaling HK$197,697,000[44] - The marketing strategy for Tiffany House emphasizes larger units at similar prices, contributing to increased transaction volume[44] - The Group's commitment to property development in Macau is supported by favorable government policies and infrastructure development, enhancing confidence in the Macau property market[99] Financial Performance and Challenges - The loss for the year amounted to HK$350,629,000, representing an increase of 21% from HK$289,508,000 for the year ended December 31, 2023[28] - Loss attributable to owners of the Company for the year ended December 31, 2024 amounted to HK$351,930,000, representing an increase of 22% from HK$289,477,000 in the previous year[25] - Administrative expenses increased significantly to HK$147,094,000 (2023: HK$95,408,000) due to an increase in headcount and operational premises[28] - Marketing and selling expenses incurred in property sales and multimedia and entertainment business operations increased to HK$101,043,000 (2023: HK$79,108,000)[28] - The Group expects the economic environment to be challenging due to geopolitical tensions and trade concerns, but believes that recent expenditures will yield substantial returns[19] Multimedia and Entertainment Operations - The multimedia and entertainment business operations contributed HK$50,788,000, slightly down from HK$53,503,000 in 2023[23] - Film-related business operations generated revenue of HK$2,188,000, a decrease from HK$4,435,000 in 2023[23] - The segment loss for multimedia and entertainment operations was HK$55,780,000 in 2024, an improvement from HK$58,973,000 in 2023[51] - The Group plans to launch more short dramas and online movies, leveraging its extensive experience in the film industry[17] - The company launched its first private label product, Red Beans Paste, in July 2024, and subsequently introduced additional products including Beef Jerky and Fengheung Pastry[50] - The Group's livestreaming e-commerce business has been adversely impacted due to keen competition in 2024, but remains optimistic about its potential in China[102] Corporate Governance and Management - The Group is committed to maintaining high standards of corporate governance, which enhances shareholder value and instills confidence among stakeholders[132] - The Board comprises six Directors, including three executive Directors and three independent non-executive Directors, ensuring a balance of power[142][144] - Independent non-executive Directors account for more than one-third of the Board, providing adequate checks and balances for safeguarding shareholder interests[143][144] - The Board has performed all corporate governance functions during the year, including monitoring compliance with legal and regulatory requirements[140] - The company has established a comprehensive induction program for newly appointed directors to familiarize them with their roles and responsibilities[179] Future Outlook and Strategic Initiatives - The Group plans to develop the shopping mall at Tiffany House into an emporium, providing dining, shopping, and entertainment options for residents[16] - The Group aims to enhance the development of the Tiffany House commercial mall and residential unit sales[104] - The Group's strategic transition from the TV and Film industry to physical asset operations has successfully driven the completion of over 100,000 square meters of assets since 2006[127] - Continuous improvements in supply chain management and product portfolio expansion will enable collaboration with more e-commerce platforms[103] - The future of livestreaming e-commerce is driven by sustained growth, technological innovation, and evolving consumer preferences[103]

Financial Performance - The total revenue for the year ended December 31, 2024, was HKD 728,216,000, a significant increase from HKD 206,168,000 in 2023, representing a growth of approximately 253%[3] - The gross profit for the same period was HKD 126,951,000, compared to HKD 69,331,000 in 2023, indicating a growth of about 83%[3] - The operating loss for the year was HKD 214,495,000, which is an increase from the operating loss of HKD 145,160,000 in 2023, reflecting a deterioration of approximately 47%[4] - The total comprehensive loss for the year was HKD 349,338,000, compared to HKD 289,322,000 in 2023, marking an increase of around 21%[5] - The basic and diluted loss per share for the year was HKD 14.48, compared to HKD 11.76 in 2023, indicating a worsening of approximately 23%[4] - The group reported a pre-tax loss of HKD 349.322 million in 2024, compared to a pre-tax loss of HKD 288.154 million in 2023, indicating a worsening of approximately 21.3%[18] - The company reported a pre-tax loss of HKD 134,827 thousand for 2024, a decrease from HKD 142,994 thousand in 2023, indicating improved financial performance[28] Assets and Liabilities - The company's total assets decreased to HKD 4,205,511,000 in 2024 from HKD 5,184,596,000 in 2023, a decline of approximately 19%[6] - The company's total liabilities decreased to HKD 2,151,111,000 in 2024 from HKD 2,524,113,000 in 2023, a reduction of approximately 15%[7] - The total assets of the group decreased to HKD 4.205 billion in 2024 from HKD 5.185 billion in 2023, a decline of approximately 18.9%[20] - The total liabilities of the group also decreased to HKD 2.151 billion in 2024 from HKD 2.524 billion in 2023, representing a reduction of about 14.8%[20] - The company has a total debt of HKD 1,629,316,000, down from HKD 1,803,257,000 in 2023, resulting in a capital-to-debt ratio of 79% compared to 68% in 2023[60] Revenue Segments - The film-related business segment generated revenue of HKD 2.188 million in 2024, down from HKD 4.435 million in 2023, indicating a decline of about 50.7%[18] - The property development and investment segment saw a substantial increase in revenue to HKD 675.240 million in 2024 from HKD 148.230 million in 2023, marking an increase of approximately 355%[18] - The multimedia and entertainment segment reported revenue of HKD 50.788 million in 2024, slightly down from HKD 53.503 million in 2023, reflecting a decrease of about 5.1%[18] - Revenue from property sales surged to HKD 674,308 thousand in 2024, compared to HKD 147,298 thousand in 2023, marking an increase of about 358%[26] - The property development and investment business contributed HKD 675,240,000, accounting for 93% of total revenue, while multimedia and entertainment operations contributed HKD 50,788,000, or 7%[39] Expenses - Administrative expenses increased significantly to HKD 147,094,000, up from HKD 95,408,000 in the previous year, due to an increase in staff and operational locations[37] - The group’s unallocated corporate expenses increased to HKD 96.329 million in 2024 from HKD 58.075 million in 2023, an increase of approximately 65.8%[18] - Marketing, sales, and distribution expenses rose by 28% to HKD 101,043,000 for the year ending December 31, 2024, up from HKD 79,108,000 in 2023[54] - Depreciation expenses increased by 129% to HKD 27,621,000 for the year ending December 31, 2024, compared to HKD 12,071,000 in 2023[53] Business Strategy and Development - The company has a focus on expanding its business in film production and distribution, as well as developing its e-commerce platform and brand products[8] - The company plans to invest in short films and web movies, with a new production currently in the scriptwriting stage expected to begin production in 2025[40] - The company aims to enhance its product uniqueness and superiority in the competitive live e-commerce industry[50] - The company plans to expand its own brand products into physical retail sales, recognizing that brick-and-mortar stores remain a significant sales channel[72] - The company is optimistic about the Macau property market, supported by favorable government policies and infrastructure development[72] Corporate Governance - The company has adhered to all applicable corporate governance codes as per the listing rules for the fiscal year ending December 31, 2024[75] - The audit committee, composed of independent non-executive directors, has reviewed the accounting principles and financial reporting matters for the fiscal year ending December 31, 2024[76] - The company confirmed compliance with the standard code for securities transactions by directors throughout the fiscal year ending December 31, 2024[77] Future Outlook - The company anticipates a conservative approach to property sales in Macau, with positive trends expected in the property market due to economic diversification efforts[71] - The company will continue to leverage opportunities in the multimedia and entertainment sectors, enhancing the development of its properties[73] Shareholder Information - The annual report for 2024 will be distributed to shareholders by April 30, 2025, and will be available on the stock exchange and company websites[79]

Financial Performance - The company reported a revenue of HKD 193,317,000 for the six months ended June 30, 2024, compared to HKD 121,109,000 for the same period in 2023, representing an increase of 59.7%[5]. - The gross profit for the same period was HKD 57,941,000, up from HKD 50,884,000 in 2023, indicating a growth of 13.5%[5]. - The operating loss for the six months was HKD 58,762,000, a decrease from HKD 75,071,000 in the previous year, showing an improvement of 21.8%[5]. - The net loss attributable to shareholders was HKD 134,239,000, compared to HKD 82,446,000 in 2023, reflecting an increase in losses of 62.9%[4]. - The group reported a total comprehensive income attributable to owners of the company of HKD 2,499,314,000 for the six months ended June 30, 2024, compared to HKD 2,866,911,000 in the same period of 2023, representing a decrease of approximately 13%[10]. - The group’s revenue for the six months ended June 30, 2024, was HKD 2,867,612,000, compared to HKD 2,950,433,000 in the same period of 2023, marking a decrease of about 3%[10]. - The group’s earnings per share for the six months ended June 30, 2024, was HKD 1.132, compared to HKD 1.32 in the same period of 2023, indicating a decline of approximately 14%[10]. Assets and Liabilities - Total assets as of June 30, 2024, were HKD 5,080,727,000, a slight decrease from HKD 5,184,596,000 at the end of 2023[9]. - Non-current assets increased significantly to HKD 526,468,000 from HKD 271,172,000, marking a growth of 94.3%[7]. - The total equity attributable to shareholders was HKD 2,499,314,000, down from HKD 2,661,142,000, indicating a decrease of 6.1%[9]. - The company’s total liabilities increased to HKD 2,580,831,000 from HKD 2,524,113,000, reflecting a rise of 2.2%[9]. - The total liabilities as of June 30, 2024, were HKD 2,580,831,000, compared to HKD 2,524,113,000 at the end of 2023[20]. - The group’s total liabilities decreased to HKD 1,516,916,000 as of June 30, 2024, compared to HKD 1,543,627,000 as of January 1, 2024, reflecting a reduction of approximately 2%[10]. Cash Flow and Financing - The company’s cash and bank balances decreased to HKD 96,182,000 from HKD 130,295,000, a decline of 26.1%[9]. - The net cash generated from operating activities for the six months ended June 30, 2024, was HKD 71,254,000, a decrease of 30% compared to HKD 101,695,000 in the same period of 2023[11]. - The total cash and cash equivalents at the end of the reporting period was HKD 54,913,000, down from HKD 114,558,000, reflecting a decrease of 52%[11]. - The net cash used in financing activities was HKD 134,945,000 for the six months ended June 30, 2024, compared to HKD 67,838,000 in the same period of 2023, indicating a significant increase in cash outflow[11]. - The company’s interest expenses on lease liabilities increased to HKD 1,151,000 in 2024 from HKD 141,000 in 2023, marking a substantial rise[29]. - The company’s total borrowings reached HKD 1,828,762,000 as of June 30, 2024, compared to HKD 1,803,257,000 at the end of 2023[88]. Segment Performance - The group has three reportable segments: film-related business operations, property development and investment operations, and multimedia and entertainment operations, which are used for resource allocation and performance monitoring[16]. - The film-related business generated revenue of HKD 1,166,000, compared to HKD 871,000 in 2023, with a loss of HKD 3,243,000, improving from a loss of HKD 5,216,000[18]. - The property development and investment business reported revenue of HKD 179,147,000, up from HKD 87,728,000, with a loss of HKD 65,113,000, slightly better than the loss of HKD 70,219,000 in the previous year[18]. - Multimedia and entertainment business revenue decreased to HKD 13,004,000 from HKD 32,510,000, with a loss of HKD 25,165,000, compared to a profit of HKD 5,886,000 in 2023[18]. Employee and Administrative Expenses - The company incurred employee benefits expenses of HKD 43,620,000 for the six months ended June 30, 2024, compared to HKD 25,736,000 in 2023, reflecting an increase of approximately 69.5%[30]. - Administrative expenses increased to HKD 63,697,000, compared to HKD 50,304,000 for the six months ended June 30, 2023[74]. - Marketing, sales, and distribution expenses surged to HKD 49,464,000, up from HKD 12,360,000 in the same period last year[74]. Shareholder Information - The company did not declare or propose any interim dividends for the six months ended June 30, 2024, and 2023[36]. - The company has a major shareholder, Heung Wah Keung Family Endowment Limited, holding 1,640,375,595 shares, representing approximately 67.56% of the issued share capital[103]. - The company has adopted a new share option scheme, replacing the previous one from June 2012, with no options granted, exercised, expired, or cancelled during the six months ending June 30, 2024[104]. Corporate Governance - The audit committee consists of independent non-executive directors, including Mr. He Weizhi as the chairman[110]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending June 30, 2024, ensuring compliance with applicable accounting standards and regulations[110]. - The board of directors includes executive directors Mr. Xiang Huachang, Ms. Chen Mingying, and Ms. Li Yuchang, along with independent non-executive directors[112].