Group 1 - The company YGM TRADING (00375) announced changes in its board nomination committee members effective from August 1, 2025 [1] - Executive Director Mr. Chan Wing Shun will no longer serve as a member of the nomination committee [1] - Executive Director Ms. Chow Chan Shuk Ling has been appointed as a member of the nomination committee [1]

蔡廷基先生 蘇漢章先生 李光明先生 董事會轄下設立四個委員會。下表提供董事會成員在該等委員會中所擔任的職位。 | 董事委員會 | | | | 風險管理 | | --- | --- | --- | --- | --- | | 董事 | 審核委員會 | 薪酬委員會 | 提名委員會 | 委員會 | | 陳永燊先生 | | M | | C | | 周陳淑玲女士 | | | M | M | | 傳承蔭先生 | | | | M | | 陳永奎先生 | | M | M | | | 蔡廷基先生 | M | M | C | | | 蘇漢章先生 | C | M | M | | | 李光明先生 | M | C | M | | 附註 : YGM 貿易有限公司 (於香港註冊成立之有限公司) (股份代號 : 00375) 董事名單及其角色與職能 YGM 貿易有限公司(「本公司」)董事會(「董事會」)成員載列如下: 執行董事 陳永燊先生 – 主席 周陳淑玲女士 – 副主席 傅承蔭先生 – 行政總裁 陳永奎先生 陳永棋先生 獨立非執行董事 C 有關委員會的主席 M 有關委員會的成員 香港，二零二五年八月一日 3/F., 22-24 TAI ...

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，並明確表示概不會就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。 YGM 貿易有限公司 YGM貿易有限公司｢本公司｣董事｢董事｣會｢董事會｣宣佈，自二零二五年八月一日起，董事會 提名委員會(｢提名委員會｣)成員變動如下： (i) 執行董事陳永燊先生不再擔任提名委員會成員；及 (ii) 執行董事周陳淑玲女士已獲委任為提名委員會成員。 隨上述變動後，提名委員會成員由三位獨立非執行董事(即蔡廷基先生、蘇漢章先生及李光明 先生)及兩位執行董事(即陳永奎先生及周陳淑玲女士)組成。 (於 香 港 註 冊 成 立 之 有 限 公 司 ) 提名委員會組成的變動 (股 份 代 號 ： 股 份 代 號 ： 00375) 上述變動乃因應香港聯合交易所有限公司《證券上市規則》(｢上市規則｣)及上市規則附錄 C1 所載企業管治守則的修訂而作出，該等修訂自二 零 二 五年七月一日起生效。董事會相信，進 行此等變動可加強董事會的效能及多元化，並進一步完善本公司整體的企業管治常規。 董事會謹藉此機會對 ...

YGM 貿易有限公司 YGM TRADING LIMITED (Incorporated in Hong Kong with limited liability) （於香港註冊成立的有限公司） (Stock code 股份代號：00375) N O T I F I C AT I O N L E T T E R 通 知 信 函 Dear non-registered shareholder(s), YGM Trading Limited (the "Company") – Notice of Publication of Annual Report and Circular (the "Current Corporate Communications") The Current Corporate Communications of the Company have been published in English and Chinese languages and are available on the website of The Stock Exchange of Hong Kong Limited ...

YGM 貿易有限公司 YGM TRADING LIMITED (Incorporated in Hong Kong with limited liability) （於香港註冊成立的有限公司） (Stock code 股份代號：00375) N O T I F I C AT I O N L E T T E R 通 知 信 函 Dear registered shareholder(s), YGM Trading Limited (the "Company") – Notice of Publication of Annual Report, Circular and Proxy Form (the "Current Corporate Communications") Arrangement of Electronic Dissemination of Corporate Communications Pursuant to Rule 2.07 of the Rules Governing The Listing of Securities on The Stock Exchange of Hong Kong ...

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通告之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不會就本通告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。 YGM貿易有限公司 （於香港註冊成立之有限公司） （股份代號：00375） 4. 續聘畢馬威會計師事務所為本公司核數師及授權董事會釐定其酬金；及 5. 作為特別事項，考慮並酌情通過下列決議案（不論經修訂與否）為普通決議案： 「有關期間」指由本決議案通過之日至下列最早時間之期間： 2 (A) 「動議： (a) 在下文(c)段之規限下，一般及無條件批准董事於有關期間（定義見下文） 行使本公司一切權力，以配發、發行及處理本公司股本中的額外股份（「股 份」），及作出或授出可能須行使該項權力之建議、協議及認股權； (b) 在上文(a)段之批准將附加於授予董事之任何其他權力，並授權董事於 有關期間作出或授出可能須於有關期間結束後行使該項權力之建議、 協議及認股權； (c) 本公司董事根據上文(a)段之批准所配發或有條件或無條件同意配發（無 論是否根據購股權或其他方式）股份總數不得超過(aa)本公司於本決議 案通過當日 ...

YGM貿易有限公司 （於香港註冊成立之有限公司） （股份代號：00375） 日期：二零二五年 月 日 簽署： 附註： 1. 請以正楷填上 閣下之全名及地址，應列明所有聯名股東之名稱。 2. 請於空欄內填上與本代表委任表格相關之本公司普通股數目。如已填寫數目，本代表委任表格將被視為僅與該等股份相關。 如未有填寫數目，本代表委任表格將被視為與所有以 閣下名義（不論為個人或連同他人）登記之本公司普通股相關。 3. 倘擬委任大會主席以外人士，請刪除「大會主席或」並以正楷於空欄內填上擬委任代表之名稱及地址。受委任代表毋須為 本公司股東。倘受委任代表代表 閣下出席大會，該受委任代表須出示其身份證明文件。 4. 有權出席上述大會並於會上投票之股東，均可委任一名或以上代表代其出席大會並在會上投票。受委任代表毋須為本公司 股東。 5. 倘委託法律代表出席大會，該法律代表須出示其身份證明文件，及該公司董事會或其他管理機構議決委任法律代表之經核 實真實副本。 6. 如屬聯名股東，則排名較前之股東親身或由受委任代表投票後，其他聯名股東概不可投票。就此目的而言，排名先後以本 公司股東名冊有關該聯名持股之股東排名為準，及代表委任表格須由 ...

此乃要件 請即處理 閣下如對本通函之任何內容或應採取之行動有任何疑問，應諮詢 閣下之註冊證券商、 銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下之YGM貿易有限公司股份全部售出或轉讓，應立即將本通函連同隨 附之代表委任表格送交買主或承讓人，或經手買賣或轉讓之銀行、註冊證券商或其 他代理商，以便轉交買主或承讓人。 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通函之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表明概不對因本通函全部或任何部 分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。 YGM貿易有限公司 （於香港註冊成立之有限公司） （股份代號：00375） 有關重選董事、 發行及購回股份之一般授權之建議 及 股東週年大會通告 本公司謹定於二零二五年九月二十六日（星期五）中午十二時十五分假座九龍又一村 高槐路七號又一村花園俱樂部舉行股東週年大會，大會通告載於本通函第13頁至第 16頁內。隨本通函附奉代表委任表格。 無論 閣下能否出席股東週年大會，務請按照隨附之代表委任表格上所印列之指示 填妥該表格，並儘早交回本公司之註冊辦事處，地址為香港九龍新蒲崗大有街22號， 惟 ...

| 1. 董事會聲明 | | 3 | | --- | --- | --- | | 2. 關於 YGM 貿易有限公司 | | 5 | | 3. 關於本報告 | | 5 | | 3.1. 報告基礎 5 | | | | 3.2. 報告範圍 5 | | | | 3.3. 報告原則 | 6 | | | 3.4. 審查和批准 | 6 | | | 4. 持份者參與和重要性評估 | | 6 | | 4.1. 持份者參與 6 | | | | 4.2. 重要性評估 | 7 | | | 5. 獎項與成就… 8 | | | | 6. 環境 | | 9 | | 6.1. 排放物 9 | | | | 6.2. 資源的使用 11 | | | | 6.3. 環境與天然資源 | 12 | | | 6.4. 應對氣候挑戰 13 | | | | 7. 僱傭及勞工常規 | 13 | | | 7.1. 僱傭 13 | | | | 7.2. 職業健康與安全 | 16 | | | 7.3. 發展及培訓 17 | | | | 7.4. 勞工準則 18 | | | | 8. 營運慣例 | | .19 | | 8.1. 供應鏈管理 19 | | | | 9. ...

Corporate Information [Corporate Information Overview](index=3&type=section&id=1.1%20Corporate%20Information%20Overview) This section outlines the company's governance structure and key partners, including board members, committees, bankers, and auditors - The Board comprises **5 executive directors** and **3 independent non-executive directors**, with Chan Wing Sun as Chairman and Fu Shing Yam as Chief Executive, ensuring clear division of responsibilities[3](index=3&type=chunk)[5](index=5&type=chunk) - The company has established an Audit Committee, Remuneration Committee, Nomination Committee, and Risk Management Committee, with all committee chairmen and members clearly listed[3](index=3&type=chunk)[4](index=4&type=chunk)[6](index=6&type=chunk) - The principal bankers are The Hongkong and Shanghai Banking Corporation Limited, and the auditor is KPMG[5](index=5&type=chunk)[7](index=7&type=chunk) Five-Year Financial Summary [Five-Year Financial Highlights Overview](index=4&type=section&id=2.1%20Five%20Year%20Financial%20Highlights%20Overview) This section provides a five-year overview of key financial data, including operating results, financial position, and shareholder returns, highlighting trends in revenue, profit, assets, liabilities, and EPS Revenue and Gross Profit Trends | Indicator | 2025 (thousand HKD) | 2024 (thousand HKD) | | :--- | :--- | :--- | | Revenue | 177,852 | 238,435 | | Gross Profit | 117,464 | 166,962 | | Gross Profit Margin | 66.0% | 70.0% | Operating Profit and Net Loss | Indicator | 2025 (thousand HKD) | 2024 (thousand HKD) | | :--- | :--- | :--- | | Operating Profit / (Loss) | 441 | (2,309) | | (Loss) / Profit Attributable to Equity Holders of the Company | (23,650) | (5,121) | | Net (Loss) / Profit Margin | -13.3% | -2.1% | Financial Position and Shareholder Returns | Indicator | 2025 (thousand HKD) | 2024 (thousand HKD) | | :--- | :--- | :--- | | Total Assets | 505,776 | 571,613 | | Total Liabilities | 87,279 | 113,200 | | Shareholders' Equity | 413,157 | 452,208 | | (Loss) / Earnings Per Share - Basic | ($0.14) | ($0.03) | | Final Dividend Per Share | $0.10 | $0.10 | Chairman's Statement [Group Performance and Strategic Adjustments](index=5&type=section&id=3.1%20Group%20Results%20and%20Strategic%20Adjustments) Despite a weak Hong Kong consumer market, the Group significantly reduced operating losses by exiting unprofitable mainland China retail operations and implementing cost cuts; annual loss was primarily due to non-cash asset impairment, with a strong financial position and no outstanding borrowings - Hong Kong's consumer market recovery fell short of expectations, with the market slowing again, posing challenges for businesses[10](index=10&type=chunk)[15](index=15&type=chunk) - The Group has terminated its unprofitable retail operations in mainland China, refocusing on Hong Kong retail and implementing significant cost-cutting measures[10](index=10&type=chunk)[16](index=16&type=chunk) - The reported loss for the year is primarily attributable to non-cash impairment provisions related to asset valuations, with no impact on cash flow[10](index=10&type=chunk)[17](index=17&type=chunk) - The Group maintains a **strong financial position** with **no outstanding borrowings**, providing a solid foundation to navigate current market conditions and pursue future growth opportunities[10](index=10&type=chunk)[18](index=18&type=chunk) [Business Segment Performance](index=5&type=section&id=3.2%20Business%20Segment%20Performance) This section details the performance of key business segments: Ashworth Hong Kong retail sales slowed, Guy Laroche profit slightly decreased due to increased promotion, J.Lindeberg performed positively as a distributor, and the printing business successfully returned to profitability - Ashworth Hong Kong retail business experienced a significant slowdown in sales, leading the Group to adopt a more cautious strategy focused on strategic negotiations for shop leases[11](index=11&type=chunk)[19](index=19&type=chunk) - The Guy Laroche brand performed satisfactorily, though profit for the year slightly decreased compared to the previous year, mainly due to increased investment in promotional activities to enhance brand awareness[12](index=12&type=chunk)[20](index=20&type=chunk) - The J.Lindeberg brand's distribution business in Hong Kong and Macau made a **positive contribution** to the Group's overall operating costs, reflecting its excellent performance[13](index=13&type=chunk)[21](index=21&type=chunk) - The printing business successfully returned to profitability driven by effective management strategies, with operations conducted in the Group's own factory premises and internal rent paid on time[14](index=14&type=chunk)[22](index=22&type=chunk) [Property and Outlook](index=6&type=section&id=3.3%20Property%20and%20Outlook) The Group's UK properties are fully leased, with renewal negotiations underway for increased rent; given the weak Hong Kong consumer market, the Group must re-evaluate strategies and explore diversification for sustainable growth - The Group's properties in the UK are currently **fully leased**, with renewal negotiations underway to increase rental income, demonstrating a commitment to maintaining good tenant relationships[23](index=23&type=chunk)[26](index=26&type=chunk) - Given the weak consumer market in Hong Kong, the Group must carefully re-evaluate its existing strategies and market positioning to ensure sustainable growth[24](index=24&type=chunk)[27](index=27&type=chunk) - Despite numerous challenges, the Group's **strong financial position** provides an excellent opportunity to explore diversification and expand into new business areas[24](index=24&type=chunk)[27](index=27&type=chunk) Management Discussion and Analysis [Key Performance Indicators](index=7&type=section&id=5.1%20%E4%B8%BB%E8%A6%81%E8%A1%A8%E7%8F%BE%E6%8C%87%E6%A8%99) Key performance indicators for FY2025 show a 25.4% revenue decrease and 29.6% gross profit decline, but operating profit turned positive; net loss margin widened, EBITDA margin improved, while total asset and equity returns remained negative and worsened Key Performance Indicators (2025 vs 2024) | Indicator | 2025 (thousand HKD) | 2024 (thousand HKD) | Change | | :--- | :--- | :--- | :--- | | Revenue | 177,852 | 238,435 | -25.4% | | Gross Profit | 117,464 | 166,962 | -29.6% | | Gross Profit Margin | 66.0% | 70.0% | -4.0 pp | | Operating Profit / (Loss) | 441 | (2,309) | -119.1% | | Operating Profit / (Loss) Margin | 0.2% | -1.0% | +1.2 pp | | Loss Attributable to Equity Holders of the Company | (23,650) | (5,121) | 361.8% | | Net Loss Margin | -13.3% | -2.1% | -11.2 pp | | EBITDA | 29,716 | 35,141 | -15.4% | | EBITDA Margin | 16.7% | 14.7% | +2.0 pp | | Return on Total Assets | -4.7% | -0.9% | -3.8 pp | | Return on Shareholders' Equity | -5.7% | -1.1% | -4.6 pp | | Current Ratio (times) | 2.6 | 2.3 | 13.0% | | Gearing Ratio | 0.108 | 0.144 | -25.0% | | Loss Per Share - Basic | ($0.14) | ($0.03) | 366.7% | | Cash Generated from Operating Activities | 36,407 | 40,830 | -10.8% | [Group Operating Results](index=7&type=section&id=5.2%20%E9%9B%86%E5%9C%98%E7%B6%93%E7%87%9F%E6%A5%AD%E7%B8%BE) Group operating results saw significant revenue and gross profit declines due to market conditions and economic slowdown; despite reduced operating expenses, loss attributable to equity holders increased substantially due to UK property revaluation loss and trademark impairment, with decreased operating cash inflow and lower inventory - The Group's financial performance declined, with revenue falling by **25.4%** to **HKD 177,852 thousand** and gross profit decreasing by **29.6%** to **HKD 117,464 thousand** year-on-year, primarily due to a challenging market environment and economic slowdown[32](index=32&type=chunk)[33](index=33&type=chunk) - Total operating expenses decreased by **26.9%** to **HKD 126,560 thousand**, enabling the Group to achieve an operating profit of **HKD 441 thousand** (2024: operating loss of HKD 2,309 thousand)[34](index=34&type=chunk)[38](index=38&type=chunk) - Loss attributable to equity holders of the Company increased to **HKD 23,650 thousand** (2024: HKD 5,121 thousand) due to a **HKD 17,450 thousand** revaluation loss on UK properties and trademark impairment losses[34](index=34&type=chunk)[38](index=38&type=chunk) - For the year ended March 31, 2025, the Group's operating cash inflow was **