Group 1 - BlackRock increased its stake in Midea Group's H-shares from 5.03% to 6.65% as of March 19 [1] - BlackRock raised its holding in Industrial and Commercial Bank of China (ICBC) H-shares from 4.93% to 5.01% on March 19 [1]

TOP FORM INTERNATIONAL LIMITED 黛麗斯國際有限公司* (Incorporated in Bermuda with limited liability) If you have difficulty in receiving email notification or gaining access to the Website Version of the Corporate Communications and would like to receive the Current Corporate Communication and all future Corporate Communications (Note 2) in printed form, please complete, sign the enclosed Request Form and return it to the Company branch share registrar in Hong Kong, Tricor Investor Services Limited ("Branch Share Reg ...

TOP FORM INTERNATIONAL LIMITED 黛麗斯國際有限公司* (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） (Stock Code 股份代號：333) NOTIFICATION LETTER 通知信函 The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.topform.group and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") at www.hkexnews.hk respectively (the "Website Version"). The Company strongly recommends you to access the Website Version of the ...

Financial Performance - The Group's revenue decreased by 22.1% to HK$500.7 million for the six months ended 31 December 2025, down from HK$642.4 million for the same period in 2024[27]. - Gross profit for the period was HK$92.2 million, with a gross profit margin of 18.4%, slightly down from 18.8% in the previous year[14]. - The loss for the period was HK$39.2 million, compared to a loss of HK$15.8 million in the same period last year[14]. - Total equity decreased to HK$351.4 million from HK$385.1 million, a decline of HK$33.7 million[14]. - Total debt increased to HK$128.3 million from HK$99.9 million, reflecting an increase of HK$28.5 million[14]. - Cash and cash equivalents decreased to HK$60.8 million from HK$90.5 million, a reduction of HK$29.8 million[14]. - Revenue fell by 22.1% to HK$500.7 million, primarily due to reduced order volumes from major customers amid geopolitical uncertainties and cautious inventory management[30]. - Gross profit decreased to HK$92.2 million from HK$120.5 million year-on-year, with a slight decline in gross profit margin from 18.8% to 18.4%[28]. - Loss from operations increased to HK$31,697,000 compared to a loss of HK$4,206,000 in the previous year, indicating a significant decline in operational performance[61]. - Loss for the period was HK$39,190,000, compared to HK$15,773,000 in the prior year, reflecting a year-over-year increase of 148.5%[64]. - Basic and diluted loss per share was HK$0.138, compared to HK$0.059 in the same period last year[61]. Cash Flow and Liquidity - For the six months ended December 31, 2025, the net cash used in operating activities was HK$46,856,000, compared to HK$25,274,000 for the same period in 2024, indicating a significant increase in cash outflow[78]. - The cash conversion cycle days improved to 17 days from negative 17 days in the previous year, indicating better working capital management[43]. - The company experienced a net cash inflow from investing activities of HK$2,840,000, contrasting with a net cash outflow of HK$6,702,000 in the previous year[78]. - The financing activities generated a net cash inflow of HK$13,916,000, compared to a net cash outflow of HK$24,431,000 in the prior year[78]. - As of December 31, 2025, bank balances and cash were HK$60.8 million, while total bank borrowings increased to HK$128.3 million, resulting in a gearing ratio of 36.5%[42]. Operational Efficiency - Selling and distribution expenses decreased to HK$17.6 million from HK$27.1 million, attributed to lower revenue and additional delivery costs incurred in the previous year[33]. - General and administrative expenses increased by 5.6% to HK$114.7 million compared to HK$108.6 million in the last corresponding period[34]. - Finance costs decreased to HK$8.4 million from HK$12.2 million, driven by lower interest rates during the period[35]. - The company is focusing on strict cost control and operational efficiency to navigate the challenging macroeconomic environment[59]. Market and Production - 72% of sales were generated from the U.S. market, while Europe accounted for 12% and the rest of the world for 16%[22]. - Overseas manufacturing facilities in Asia (excluding China) accounted for 86% of global production output during the period[22]. Shareholder Information - As of 31 December 2025, Mr. Wong Chung Chong held 89,503,680 shares, representing 29.73% of the issued share capital of the Company[159]. - Mr. Herman Van de Velde held 77,258,590 shares, accounting for 25.66% of the issued share capital of the Company[159]. - As of December 31, 2025, High Union Holdings Inc. held 89,503,680 shares, representing 29.73% of the issued share capital of the Company[169]. - The total number of outstanding share options decreased to 9,400,000 as of December 31, 2025, down from 11,900,000 as of June 30, 2025[141]. - The Company did not purchase, sell, or redeem any of its shares during the six months ended 31 December 2025[193]. Governance and Compliance - The interim financial report is prepared in accordance with the same accounting policies as the 2025 annual financial statements, which were approved on 25 September 2025[81]. - The interim financial report is unaudited but has been reviewed by the Company's Audit Committee[85]. - The Company complied with the Corporate Governance Code provisions during the six months ended 31 December 2025, with one noted deviation regarding director retirement by rotation[200]. - The Audit Committee reviewed the accounting principles and practices adopted by the Group and discussed financial reporting matters, internal controls, and risk management systems[198].

FF301 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: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: Top Form International Limited黛麗斯國際有限公司 （於百慕達註冊成立之有限公司） 呈交日期: 2026年3月3日 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 00333 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 301,052,675 0 301,052,675 增加 / 減少 (-) 0 0 本月底結存 301,052,675 0 301,052,675 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D(1)條，我們在此確認，就上述所列股份類別而言，截至本月底: | | --- | | ✔ 已符合適用的公眾持股量要求（見下 ...

Core Viewpoint - Dalis International (00333) reported a significant decline in revenue and an increase in losses for the six months ending December 31, 2025, primarily due to reduced order volumes from major clients amid geopolitical uncertainties and fluctuating global trade conditions [1] Financial Performance - The company achieved revenue of HKD 501 million, representing a year-on-year decrease of 22.05% [1] - The loss attributable to equity shareholders was HKD 41.454 million, an increase of 133.24% compared to the previous year [1] - The loss per share was HKD 0.138 [1] Market Conditions - The decline in revenue is attributed to major clients adopting more cautious and proactive inventory management measures due to heightened geopolitical uncertainties and expectations of price adjustments potentially affecting consumer demand [1]

Core Viewpoint - Dalis International (00333) reported a significant decline in revenue and an increase in losses for the six months ending December 31, 2025, primarily due to reduced order volumes from major clients amid geopolitical uncertainties and fluctuating global trade conditions [1] Financial Performance - The company achieved revenue of HKD 501 million, representing a year-on-year decrease of 22.05% [1] - The loss attributable to equity shareholders was HKD 41.454 million, an increase of 133.24% compared to the previous year [1] - The loss per share was HKD 0.138 [1] Market Conditions - The decline in revenue is attributed to major clients adopting more cautious and proactive inventory management measures due to heightened geopolitical uncertainties and expectations of price adjustments potentially affecting consumer demand [1]

Core Viewpoint - Dalis International (00333.HK) reported a significant decline in sales revenue and an increase in net loss for the six months ending December 31, 2025, primarily due to reduced order volumes from major clients amid geopolitical uncertainties and fluctuating global trade conditions [1] Financial Performance - The group's sales revenue decreased by 22.1% to HKD 500 million [1] - The net loss for the period was HKD 39.2 million, compared to a net loss of HKD 15.8 million in the same period last year [1] - The loss per share was HKD 0.138 [1] Market Conditions - The decline in revenue is attributed to a decrease in order volumes from major clients [1] - Clients are adopting more cautious and proactive inventory management measures due to heightened geopolitical uncertainties and expectations of price adjustments potentially affecting consumer demand [1]

2.1 委員會成員一般應出席會議。其他董事會成員亦有權出席會議。 2.2 由主席委任之任何委員會成員或本公司公司秘書應擔任委員會之秘書。 2.3 提名委員會會議應根據會議議程訂明之形式及事項進行，議程協助提名委員 會主席，以確保會議能順利進行。 3.1 每年應最少舉行一次會議。如有需要，委員會可另外召開會議。 3.2 委員會會議應由成員親身或透過電子通訊方式或成員議定的任何其他方式舉 行。 3.3 會議召開之最低法定人數應爲兩名成員。 3.4 經由委員會全體成員簽署之書面決議案，其效力及作用與決議案於正式召開 及舉行之委員會會議上通過無異。 4. 授權 5. 職責 提名委員會 職權範圍 2. 出席會議 3. 會議次數及程序 * 僅供識別 1 1. 成員 1.1 提名委員會（「委員會」）成員應由董事會（「董事會」）從董事會成員中 委任，委員會應由不少於三名成員組成，大部分成員應爲獨立非執行董事， 並須包括最少一名不同性別的董事。 1.2 委員會主席（「主席」）應爲董事會主席或獨立非執行董事，並應由董事會 直接委任。 5.1 至少每年檢討董事會的架構、人數及組成（包括技能、知識及經驗、性別、 年齡、文化及教育背景 ...

Financial Performance - Total revenue for the six months ended December 31, 2025, was HKD 500,741,000, a decrease of 22.1% compared to HKD 642,389,000 for the same period in 2024[2] - Gross profit for the same period was HKD 92,152,000, down 23.5% from HKD 120,486,000 in 2024[2] - Operating loss increased to HKD 31,697,000 from HKD 4,206,000 in the previous year, indicating a significant decline in operational performance[2] - The net loss attributable to equity shareholders was HKD 41,454,000, compared to a loss of HKD 17,773,000 in 2024, reflecting a worsening financial situation[3] - Basic and diluted loss per share was HKD 0.138, compared to HKD 0.059 in the previous year, indicating a higher loss per share[3] - The company reported a total comprehensive loss of HKD 33,705,000 for the period, compared to HKD 5,996,000 in the previous year, highlighting a significant increase in overall losses[4] - The pre-tax loss for the six months ended December 31, 2025, was HKD 41.454 million, compared to a loss of HKD 17.773 million in the same period of 2024[17] - The group recorded a net loss of HKD 39.2 million, compared to a net loss of HKD 15.8 million in the same period last year, mainly due to a significant drop in revenue[31] Assets and Liabilities - Total assets as of December 31, 2025, were HKD 439,678,000, an increase from HKD 423,119,000 as of June 30, 2025[5] - Current liabilities increased to HKD 375,868,000 from HKD 325,636,000, indicating a rise in short-term financial obligations[6] - Trade receivables and notes receivable amounted to HKD 178.005 million as of December 31, 2025, compared to HKD 135.415 million as of June 30, 2025[19] - The aging analysis of trade payables showed that as of December 31, 2025, HKD 116.691 million was outstanding, down from HKD 120.570 million as of June 30, 2025[21] - As of December 31, 2025, the group's bank balance and cash reached HKD 60.8 million, down from HKD 90.5 million as of June 30, 2025, with total bank loans amounting to HKD 128.3 million[32] Revenue Sources and Market Performance - Sales in the U.S. market accounted for 72% of total sales, while Europe contributed 12% and other markets made up 16%[24] - The group received government subsidies from mainland China amounting to HKD 657,000 for the period ended December 31, 2025, down from HKD 834,000 in 2024[11] Expenses and Cost Management - Financial expenses, including interest on bank loans, totaled HKD 8.431 million for the six months ended December 31, 2025, down from HKD 12.247 million in 2024[12] - The depreciation expense for property, plant, and equipment was HKD 11.858 million for the six months ended December 31, 2025, compared to HKD 14.277 million in 2024[12] - Sales and distribution expenses fell from HKD 27.1 million to HKD 17.6 million, primarily due to a decrease in revenue and a one-time shipping cost of HKD 6.9 million incurred last year due to operational suspension[28] - General and administrative expenses increased by 5.6% to HKD 114.7 million from HKD 108.6 million in the same period last year[29] - Other income net decreased to HKD 8.4 million from HKD 11.0 million in the same period last year[27] Cash Flow and Liquidity - Cash and cash equivalents decreased to HKD 60,780,000 from HKD 90,541,000, indicating a decline in liquidity[5] - The cash conversion cycle was 17 days as of December 31, 2025, compared to negative 17 days for the year ended June 30, 2025[34] Dividends and Shareholder Returns - The company did not declare or pay an interim dividend for the period ended December 31, 2025[16] - The board has resolved not to declare an interim dividend for the six months ended December 31, 2025[41] Future Outlook - The outlook remains challenging due to a weak macroeconomic environment and geopolitical tensions affecting trade and supply chains, with customer demand expected to remain volatile in the short term[39] Accounting Standards - The company has not adopted any new accounting standards that would significantly impact its financial performance during the reporting period[9]