Financial Performance - Total revenue for the year ended December 31, 2025, was HKD 190,115,000, a decrease of 27.5% compared to HKD 262,770,000 in 2024[3] - Gross profit for the same period was HKD 48,967,000, down 28.7% from HKD 68,594,000 in 2024[3] - The company reported a pre-tax loss of HKD 24,054,000, compared to a pre-tax loss of HKD 57,000 in the previous year[3] - The annual loss attributable to shareholders was HKD 24,579,000, significantly higher than the loss of HKD 2,364,000 in 2024[3] - Basic and diluted loss per share for 2025 was HKD 0.47, compared to HKD 0.05 in 2024[5] - The overall loss before tax for the group was HKD 24,054,000 in 2025, compared to a loss of HKD 57,000 in 2024[19] - The company reported a net loss attributable to shareholders of HKD 24,579 for 2025, compared to a loss of HKD 2,364 in 2024[30] Revenue Breakdown - Total revenue for the golf equipment segment decreased to HKD 176,502,000 in 2025 from HKD 241,745,000 in 2024, representing a decline of approximately 26.9%[19] - The golf bag segment reported revenue of HKD 15,444,000 in 2025, down from HKD 22,201,000 in 2024, a decrease of about 30.4%[19] - Revenue from North America was HKD 82,394,000 in 2025, down from HKD 88,388,000 in 2024, a decline of about 6.3%[23] - Revenue from Japan decreased significantly to HKD 57,020,000 in 2025 from HKD 102,567,000 in 2024, a drop of approximately 44.5%[23] - Revenue from golf equipment and related components was HKD 174,671, down from HKD 240,569, representing a decline of 27.5%[27] - The golf equipment sales dropped by approximately 27.4% to about HKD 174,671,000 in 2025, compared to HKD 240,569,000 in 2024, accounting for 91.9% of total revenue[51] - Sales to the largest customer in the golf equipment segment fell by about 29.6% to approximately HKD 143,348,000, representing 82.1% of the segment's revenue[52] - The golf bag segment's revenue decreased by 30.4% to approximately HKD 15,444,000, contributing about 8.1% to total revenue[56] Assets and Liabilities - Non-current assets increased to HKD 251,564,000 in 2025 from HKD 228,647,000 in 2024, reflecting a growth of 10%[6] - Total assets increased to HKD 395,634,000 in 2025 from HKD 399,972,000 in 2024, reflecting a slight decrease of about 1%[21] - The total liabilities rose to HKD 122,817,000 in 2025 from HKD 172,360,000 in 2024, indicating a decrease of approximately 28.8%[21] - Current liabilities increased to HKD 120,955,000 in 2025 from HKD 108,501,000 in 2024, an increase of 11.3%[6] - Total equity attributable to shareholders rose to HKD 270,087,000 in 2025, compared to HKD 224,882,000 in 2024, reflecting a growth of 20.1%[6] Operational Changes - The company announced the acquisition of a golf ball factory in Hai Phong, Vietnam, to mitigate the impact of U.S. tariffs[49] - The company implemented cost rationalization measures at its Shandong production facility to enhance efficiency and reduce manufacturing costs[53] - The company is currently assessing the impact of the new accounting standards on its financial performance and disclosures, particularly regarding comprehensive income and cash flow statements[15] - The company remains cautious about the future outlook of the golf equipment business due to ongoing economic uncertainties[54] - The company is committed to optimizing operations and costs to maintain competitiveness amid economic challenges[61] Employee and Financial Management - Total employee costs amounted to HKD 72,030, slightly down from HKD 73,362 in the previous year[29] - The group employed approximately 840 employees as of December 31, 2025, compared to 680 employees in 2024, indicating a significant increase in workforce[77] - The company has adopted a cautious financial management approach to ensure liquidity and meet funding needs[75] - The company has no outstanding bank loans as of December 31, 2025, compared to bank loans of approximately HKD 56,383,000 in 2024[69] Compliance and Governance - The audit committee reviewed the group's financial performance for the year ended December 31, 2025, and confirmed that the consolidated financial statements were prepared in accordance with applicable accounting standards[78] - The company has complied with all applicable provisions of the corporate governance code during the year ended December 31, 2025, with certain deviations noted[81] - The company has adopted the standard code of conduct for directors' securities transactions and confirmed compliance by all directors for the year ended December 31, 2025[82] - The company's auditor, Crowe (HK) CPA Limited, has agreed that the financial figures presented in the performance announcement are consistent with the consolidated financial statements for the year ended December 31, 2025[83] Future Outlook - The projected annual sales growth rate for Hio Pro is 3%, with a gross margin of 15% and a long-term growth rate of 3%[34] - The company is actively monitoring its golf business and exploring growth opportunities to enhance shareholder returns[62] - The company does not plan to declare any dividends for the year ending December 31, 2025, consistent with 2024[63] - The company issued zero dividends for the year ending December 31, 2025, consistent with the previous year[35]

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。 Hanfort Development Holdings Limited * SINO GOLF HOLDINGS LIMITED * 00361 有關租賃協議之 須予披露交易 該協議 董事會謹此宣佈，於二零二六年三月十三日，承租人（為本公司之間接全資附屬公司） 與業主訂立該協議，據此，業主同意將該等物業租予承租人，租期為12年。 上市規則之涵義 根據香港財務報告準則第16號「租賃」，本集團將於該等物業移交後在其綜合財務報表 內確認使用權資產。因此，就上市規則而言，該協議項下之租賃交易被視為本集團收 購資產。 由於該協議項下之使用權資產價值的一項或多項適用百分比率（定義見上市規則）超過 5%但均低於25%，故該協議項下擬進行之交易根據上市規則構成本公司之一項須予披 露交易，並須遵守申報及公佈之規定，惟獲豁免遵守股東批准之規定。 該協議 (v) 業主已就合法經營及使用該等物業獲得越南法律規定 之所有其他許可 ...

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。 Hanfort Development Holdings Limited * SINO GOLF HOLDINGS LIMITED * 承董事會命 漢成發展控股有限公司 劉金成 執行董事 香港，二零二六年三月十三日 於本公佈日期，董事會由(i)執行董事劉金成先生；(ii)非執行董事孫雄飛先生；及(iii)獨立 非執行董事蔡琛誠先生、江海燕女士及吳偉鋒先生組成。 * 僅供識別 00361 董事會會議通知 漢成發展控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司謹訂於 二零二六年三月二十七日（星期五）舉行董事會會議，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十二月三十一日止年度之經審核年度業績以作刊發之用以及 考慮建議派末期股息（如有）。 ...

本公佈乃漢成發展控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據香港聯 合交易所有限公司證券上市規則第13.09條以及香港法例第571章證券及期貨條例第XIVA 部而作出。 本公司董事會（「董事會」）謹此知會本公司證券持有人及潛在投資者，根據對本集團截至 二零二五年十二月三十一日止財政年度（「本年度」）之未經審核綜合管理賬目所作出的初 步評估及目前所得資料，預期本集團於本年度將錄得本公司擁有人應佔虧損介乎2千4百 萬港元至2千6百萬港元，而截至二零二四年十二月三十一日止年度則約為240萬港元。預 期本年度虧損增加主要歸因於美國對來自中國的出口高爾夫球產品徵收超高的關稅導致 消費市場低迷並對本集團的經營毛利造成壓力，令已確認收益大幅削減。 本公司仍在落實本集團於本年度之年度業績。本公佈所載資料僅為董事會根據本集團於 本年度之未經審核綜合管理賬目及本公司目前所得資料作出之初步評估，並非根據本公 司獨立核數師已審核或審閱或本公司審核委員會已批准之任何數字或資料而得出。本集 團於本年度之實際業績或會有別於本公佈載列的資料。本公司股東及有意投資者務請細 閱本公司於本年度之年度業績公佈，預期該業績公佈將於二零 ...

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 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 公司名稱: 漢成發展控股有限公司 呈交日期: 2026年3月3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) | 00361 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | ...

Group 1 - The company has announced a change in its name, with the English stock abbreviation changing from "SINO GOLF HOLD" to "HANFORT DEV H" and the Chinese abbreviation changing from "顺龙控股" to "汉成发展控股" [1] - The changes will take effect on February 11, 2026, at 9:00 AM [1] - The stock code on the Hong Kong Stock Exchange will remain unchanged at "00361" [1]

Core Viewpoint - The company has officially changed its name from "SINO GOLF HOLDINGS LIMITED" to "Hanfort Development Holdings Limited," with the Chinese name updated to "汉成发展控股有限公司" [1] Group 1 - The name change was approved by shareholders at a special general meeting [1] - The Bermuda Registrar of Companies has issued a certificate confirming the name change [1] - The new name will take effect from January 16, 2026, as per the certificate issued on January 20, 2026 [1]

Group 1 - The company has changed its name, with the English stock abbreviation changing from "SINO GOLF HOLD" to "HANFORT DEV H" and the Chinese abbreviation changing from "顺龙控股" to "汉成发展控股" [1] - The changes will take effect on February 11, 2026, at 9:00 AM [1] - The stock code on the Hong Kong Stock Exchange remains unchanged at "00361" [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。 Hanfort Development Holdings Limited 漢成發展控股有限公司 （前稱SINO GOLF HOLDINGS LIMITED順龍控股有限公司） - 1 - 更改公司網址 董事會另宣佈，本公司之網址將由「www.sinogolf.com」更改為「www.hanfort.com」，自本 公佈日期起生效。 （於百慕達註冊成立之有限公司） （股份代號：00361） 更改公司名稱、股票簡稱及公司網址 謹此提述漢成發展控股有限公司（前稱「SINO GOLF HOLDINGS LIMITED順龍控股有限 公司」）（「本公司」）日期為二零二五年十二月三日之公佈、本公司日期為二零二五年十二 月十九日之通函（「通函」）以及本公司日期為二零二六年一月十三日之股東特別大會（「股 東特別大會」）投票表決結果公佈，內容有關建議更改公司名稱。除文義另有所指外，本 公佈所用詞彙與通函所界定者具相同涵義。 更 ...

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: | 順龍控股有限公司 | | 呈交日期: | 2026年2月4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) 00361 說明 法定/註冊股份數目 面值 法定/註冊股本 上月底結存 10,000,000,000 HKD 0.01 HKD 100,000,000 增加 / 減少 (-) HKD 本月底結存 10,000,000,000 HKD 0.01 HKD 100,000,000 本月底法定/註冊股本總額： HKD 100,000,000 第 1 頁 共 10 頁 v 1.2.0 FF301 截至月份: 2026年1月31日 狀態: 新提交 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) 00361 說明 已發行股份（不包括庫存股份） ...