Group 1 - The company announced the passing of its independent non-executive director and member of the audit and nomination committees, Zhang Anjie, on August 18, 2025 [1]

Group 1 - The company announced the passing of its independent non-executive director, Mr. Zhang Anjie, on August 18, 2025 [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8月31日 狀態: 新提交 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 致：香港交易及結算所有限公司 公司名稱: 越南製造加工出口(控股)有限公司 呈交日期: 2025年9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) | 00422 | 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 | | 0 | | 本月底結存 | | | ...

Vietnam Manufacturing and Export Processing (Holdings) Limited 越南製造加工出口(控股)有限公司 越南製造加工出口(控股)有限公司(「本公司」)設立三個委員會。本公司董事會(「董 事會」)成員及各委員會其成員載列如下： | 董事委員會 | 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | | 董事 | | | | | 執行董事 | | | | | 劉武雄先生(董事會主席) | | 成員 | 主席 | | 吳睿蕎女士(行政總裁) | | | | | 林俊宇先生(財務總監) | | | | | 非執行董事 | | | | | 吳麗珠女士 | | | | | 陳旭斌先生 | | | | | 柳如承先生 | | | | | 獨立非執行董事 | | | | | 林青青女士 | 主席 | 主席 | 成員 | | 吳惠蘭女士 | 成員 | 成員 | | 香港，二零二五年九月一日 ( 於開曼群島註冊成立的有限公司 ) (股份代號：422) 董事名單與其角色和職能 ...

(於開曼群島註冊成立的有限公司) (股份代號：422) 獨立非執行董事辭世 越南製造加工出口(控股)有限公司（「本公司」）董事（「董事」）會（「董事會」）惋然宣 佈，本公司獨立非執行董事兼審核委員會（「審核委員會」）及提名委員會（「提名委員 會」）成員張安杰先生（「張先生」）於二零二五年八月十八日辭世。 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，概不就因本公告全部或任何部份內容所產生或因依賴該等內容而引致 的任何損失承擔任何責任。 Vietnam Manufacturing and Export Processing (Holdings) Limited 越南製造加工出口(控股)有限公司 張先生自二零二零年九月起在董事會擔任獨立非執行董事，於其任職期間作出了寶貴貢 獻。董事會謹此對張先生的辭世深表哀悼，並向其家屬致以誠摯慰問。 承董事會命 越南製造加工出口（控股）有限公司 劉武雄 主席 香港，二零二五年九月一日 於本公告日期，董事會包括三名執行董事劉武雄先生、吳睿蕎女士及林俊宇先生，三名非執行 董事吳麗珠女士、陳旭斌先生及柳如承先 ...

Core Insights - The company reported a revenue of $46.6021 million for the six months ending June 30, 2025, representing a year-on-year increase of 41.86% [1] - The profit attributable to equity holders was $42,500, a significant turnaround from a loss of $2.4184 million in the same period last year [1] - Earnings per share stood at $0.00005 [1] Company Performance - The increase in total sales volume in Vietnam was primarily due to the company's continuous improvement in motorcycle manufacturing technology and persistent research, design, and innovation of high-quality products [1] - The company launched several new and fashionable scooter models and national vehicles in the first half of 2025 to meet the diverse needs of different consumer groups [1] - The company organized nationwide motorcycle safety driving education activities and enhanced online brand promotion to attract more consumers, contributing to sales growth [1] Brand Development - The company collaborated with agents to comprehensively update modernized physical stores, providing consumers with a more comfortable and brighter product display space, as well as efficient maintenance services [1] - The company continues to focus on deepening its operations in Vietnam, enhancing the SYM brand's visibility, and laying a solid foundation for steady sales growth [1] - As of June 30, 2025, the company had a total of 129 SYM authorized distribution points owned by agents across various provinces in Vietnam, establishing a large distribution network [1]

[Financial Summary](index=1&type=section&id=Financial%20Summary) The Group's H1 2025 revenue grew **42.1%** to **US$46.6 million**, achieving a **US$0.04 million** net profit from a prior loss, with no interim dividend recommended [Financial Summary](index=1&type=section&id=Financial%20Summary) Key financial performance indicators for the six months ended June 30, 2025, show significant revenue growth and a return to profitability Financial Summary for the Six Months Ended June 30 (in USD) | | For the Six Months Ended June 30 | | | :--- | :--- | :--- | | | 2025 | 2024 | | ‧Revenue | 46,602,134 | 32,849,975 | | ‧Gross Profit | 5,399,679 | 2,832,826 | | ‧Profit/(Loss) After Tax | 42,597 | (2,418,353) | | ‧Earnings/(Loss) Per Share | 0.00005 | (0.00266) | [Board Statement](index=1&type=section&id=Board%20Statement) The Board's statement confirms no interim dividend recommendation for the reporting period - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025[3](index=3&type=chunk) [Consolidated Financial Statements](index=2&type=section&id=Consolidated%20Financial%20Statements) This section presents the unaudited consolidated statement of profit or loss and other comprehensive income and the consolidated statement of financial position, reflecting the Group's financial performance and position [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) This statement details the Group's revenue, expenses, and overall profitability for the six-month period, including other comprehensive income items Consolidated Statement of Profit or Loss and Other Comprehensive Income (Unaudited, in USD) | | | For the Six Months Ended June 30 | | | :--- | :--- | :--- | :--- | | | Note | 2025 | 2024 | | | | USD | USD | | Revenue | 3 | 46,602,134 | 32,849,975 | | Cost of Sales | | (41,202,455) | (30,017,149) | | Gross Profit | | 5,399,679 | 2,832,826 | | Other Income | | 564,244 | 125,682 | | Distribution Expenses | | (1,936,470) | (1,889,763) | | Technology Transfer Fees | | (56,674) | (71,710) | | Administrative and Other Operating Expenses | | (3,067,806) | (3,107,416) | | Results from Operations | | 902,973 | (2,110,381) | | Finance Income | | 1,121,808 | 1,242,306 | | Finance Expenses | | (1,826,283) | (1,211,010) | | Net Finance (Expenses)/Income | 4(a) | (704,475) | 31,296 | | Impairment Loss on Other Property, Plant and Equipment | 4(c) | (125,278) | (282,675) | | Share of Profit/(Loss) of an Associate | | 29,212 | (56,306) | | | | (96,066) | (338,981) | | Profit/(Loss) Before Income Tax | 4 | 102,432 | (2,418,066) | | Income Tax Expense | 5 | (59,835) | (287) | | Profit/(Loss) for the Period | | 42,597 | (2,418,353) | | Other Comprehensive Income for the Period (Net of Tax) | | | | | Items that may be reclassified subsequently to profit or loss: | | | | | Exchange differences on translation of financial statements of foreign subsidiaries and associate | | (682,459) | (2,320,448) | | Total Comprehensive Income for the Period | | (639,862) | (4,738,801) | | Profit/(Loss) for the Period Attributable to: | | | | | Equity holders of the Company | | 42,518 | (2,418,353) | | Non-controlling interests | | 79 | - | | | | 42,597 | (2,418,353) | | Total Comprehensive Income Attributable to: | | | | | Equity holders of the Company | | (639,941) | (4,738,801) | | Non-controlling interests | | 79 | - | | | | (639,862) | (4,738,801) | | Earnings/(Loss) Per Share - Basic and Diluted | 6 | 0.00005 | (0.00266) | [Consolidated Statement of Financial Position](index=4&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) This statement provides a snapshot of the Group's assets, liabilities, and equity as of June 30, 2025, and December 31, 2024 Consolidated Statement of Financial Position (Unaudited, in USD) | | 2025 | 2024 | | :--- | :--- | :--- | | | June 30 | December 31 | | | USD | USD | | **Non-Current Assets** | | | | Investment Properties | 3,613,808 | 3,725,726 | | Other Property, Plant and Equipment | 3,345,490 | 3,544,783 | | Interests in an Associate | 531,381 | 516,470 | | **Total Non-Current Assets** | **7,490,679** | **7,786,979** | | **Current Assets** | | | | Inventories | 25,271,692 | 22,292,912 | | Trade and Other Receivables and Prepayments | 21,248,539 | 18,886,534 | | Recoverable Current Tax | 8,371 | - | | Cash and Bank Balances | 58,590,173 | 54,391,467 | | **Total Current Assets** | **105,118,775** | **95,570,913** | | **Current Liabilities** | | | | Trade and Other Payables | 22,914,631 | 22,220,446 | | Bank Loans | 43,250,656 | 33,823,923 | | Lease Liabilities | 55,445 | 55,085 | | Current Tax Payable | 52,063 | 200,245 | | **Total Current Liabilities** | **66,272,795** | **56,299,699** | | **Net Current Assets** | **38,845,980** | **39,271,214** | | **Total Assets Less Current Liabilities** | **46,336,659** | **47,058,193** | | **Non-Current Liabilities** | | | | Deferred Tax Liabilities | 16,107 | 14,395 | | Lease Liabilities | 1,977,893 | 2,061,277 | | **Total Non-Current Liabilities** | **1,994,000** | **2,075,672** | | **Net Assets** | **44,342,659** | **44,982,521** | | **Equity and Reserves** | | | | Share Capital | 1,162,872 | 1,162,872 | | Reserves | 43,175,396 | 43,815,337 | | **Total Equity Attributable to Equity Holders of the Company** | **44,338,268** | **44,978,209** | | Non-controlling Interests | 4,391 | 4,312 | | **Total Equity** | **44,342,659** | **44,982,521** | [Notes to the Financial Statements](index=6&type=section&id=Notes%20to%20the%20Financial%20Statements) This section details the interim financial report's basis of preparation, accounting policy changes, revenue, segment information, profit/loss before tax, income tax, earnings per share, and key financial positions [1. Basis of Preparation](index=6&type=section&id=1.%20Basis%20of%20Preparation) This section outlines the accounting standards and review procedures used for preparing the interim financial report - This interim financial report is unaudited and prepared in accordance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and International Accounting Standard 34 "Interim Financial Reporting"[9](index=9&type=chunk) - The report has been reviewed by the Company's auditor, KPMG, in accordance with Hong Kong Standard on Review Engagements 2410[10](index=10&type=chunk) [2. Changes in Accounting Policies](index=6&type=section&id=2.%20Changes%20in%20Accounting%20Policies) This section details any new accounting standards or interpretations adopted and their impact on the interim financial report - The Group has applied the amendments to International Accounting Standard 21 "The Effects of Changes in Foreign Exchange Rates—Lack of Exchangeability", which had no material impact on this interim report[11](index=11&type=chunk) - No new standards or interpretations not yet effective have been adopted in this accounting period[12](index=12&type=chunk) [3. Revenue and Segment Information](index=7&type=section&id=3.%20Revenue%20and%20Segment%20Information) The Group is divided into two reporting segments: manufacturing and sales of motorcycles, and spare parts and engines, with revenue classified by product/service and customer geography [3(a) Revenue Classification](index=7&type=section&id=3%28a%29%20Revenue%20Classification) This section presents the Group's revenue categorized by major product or service items and the geographical distribution of its customers Revenue Classification (by Major Product or Service Items and Customer Geographical Location) | | For the Six Months Ended June 30 | | | :--- | :--- | :--- | | | 2025 (USD) | 2024 (USD) | | **By Major Product or Service Items** | | | | - Manufacturing and sales of motorcycles | 41,798,757 | 28,704,173 | | - Manufacturing and sales of spare parts and engines | 4,803,377 | 4,145,802 | | **Total Revenue** | **46,602,134** | **32,849,975** | | **By Geographical Location of Customers** | | | | - Vietnam (location of operations) | 18,348,302 | 17,467,360 | | - Malaysia | 11,534,868 | 7,120,613 | | - Greece | 3,522,944 | 1,778,689 | | - Philippines | 2,903,796 | 2,639,203 | | - Thailand | 2,362,185 | 1,484,395 | | - Spain | 1,997,629 | - | | - Belgium | 1,490,656 | - | | - China | 971,370 | 122,872 | | - United Arab Emirates | - | 1,783,994 | | - Other regions | 3,470,384 | 452,849 | | **Total Revenue** | **46,602,134** | **32,849,975** | [3(b) Information on Segment Revenue and Profit/Loss](index=8&type=section&id=3%28b%29%20Information%20on%20Segment%20Revenue%20and%20Profit%2FLoss) This section provides detailed financial information on revenue and profit/loss for each reportable business segment Segment Revenue and Profit/Loss | | For the Six Months Ended June 30, 2025 | | | | For the Six Months Ended June 30, 2024 | | | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | | Manufacturing and sales of motorcycles (USD) | Manufacturing and sales of spare parts and engines (USD) | Total (USD) | | Manufacturing and sales of motorcycles (USD) | Manufacturing and sales of spare parts and engines (USD) | Total (USD) | | Revenue from external customers | 41,798,757 | 4,803,377 | 46,602,134 | | 28,704,173 | 4,145,802 | 32,849,975 | | Inter-segment revenue | - | 9,770,012 | 9,770,012 | | - | 7,596,180 | 7,596,180 | | Reportable segment revenue | 41,798,757 | 14,573,389 | 56,372,146 | | 28,704,173 | 11,741,982 | 40,446,155 | | Segment profit/(loss) before depreciation | 1,479,874 | 62,011 | 1,541,885 | | (670,973) | (423,062) | (1,094,035) | | Depreciation | (107,281) | - | (107,281) | | (110,605) | - | (110,605) | | Reportable segment profit/(loss) | 1,372,593 | 62,011 | 1,434,604 | | (781,578) | (423,062) | (1,204,640) | | Share of profit/(loss) of an associate | | | 29,212 | | | | (56,306) | | Net finance expenses | | | (704,475) | | | | 31,296 | | Impairment loss on other property, plant and equipment | | | (125,278) | | | | (282,675) | | Unallocated corporate expenses | | | (531,631) | | | | (905,741) | | Profit/(Loss) before income tax | | | 102,432 | | | | (2,418,066) | [4. Profit/(Loss) Before Income Tax](index=9&type=section&id=4.%20Profit%2F%28Loss%29%20Before%20Income%20Tax) This section details components affecting profit/loss before tax, including net finance expenses/income, staff costs, other operating items, and impairment losses on property, plant and equipment [4(a) Net Finance Expenses/(Income)](index=9&type=section&id=4%28a%29%20Net%20Finance%20Expenses%2F%28Income%29) This section breaks down the Group's net finance expenses or income, including bank interest and foreign exchange gains/losses Net Finance Expenses/(Income) | | For the Six Months Ended June 30 | | | :--- | :--- | :--- | | | 2025 (USD) | 2024 (USD) | | Bank interest income | (1,121,808) | (1,242,306) | | Finance income | (1,121,808) | (1,242,306) | | Bank interest paid and payable | 848,815 | 886,878 | | Interest on lease liabilities | 71,472 | 50,200 | | Net foreign exchange losses | 905,996 | 273,932 | | Finance expenses | 1,826,283 | 1,211,010 | | Net finance expenses/(income) | 704,475 | (31,296) | [4(b) Staff Costs](index=9&type=section&id=4%28b%29%20Staff%20Costs) This section details the total staff costs, including wages, salaries, and retirement plan contributions Staff Costs | | For the Six Months Ended June 30 | | | :--- | :--- | :--- | | | 2025 (USD) | 2024 (USD) | | Wages, salaries and other benefits | 4,543,328 | 4,327,554 | | Defined contribution retirement plan contributions | 552,773 | 557,285 | | **Total Staff Costs** | **5,096,101** | **4,884,839** | [4(c) Other Impairment Losses on Property, Plant and Equipment](index=10&type=section&id=4%28c%29%20Other%20Impairment%20Losses%20on%20Property%2C%20Plant%20and%20Equipment) This section outlines other significant items impacting profit/loss before tax, such as depreciation, gains on asset disposal, and impairment losses Other Items Affecting Profit/Loss Before Tax | | For the Six Months Ended June 30 | | | :--- | :--- | :--- | | | 2025 (USD) | 2024 (USD) | | Depreciation of investment properties and other property, plant and equipment | 120,503 | 124,237 | | Gain on disposal of other property, plant and equipment | (9,170) | (63,433) | | (Reversal of)/provision for write-down of inventories | (994,606) | 652,246 | | Reversal of impairment provision for trade receivables | (191,641) | (345,771) | | Research and development expenses | 823,681 | 728,748 | | Impairment loss on other property, plant and equipment | 125,278 | 282,675 | - Impairment loss on property, plant and equipment of **US$125,278** was recognized in the current period (prior period: US$282,675), primarily due to intense competition in the motorcycle industry and increased manufacturing costs[20](index=20&type=chunk) - Impairment assessment was determined based on the higher of value in use and fair value less costs to sell, using a pre-tax discount rate of **13%**[21](index=21&type=chunk) [5. Income Tax Expense](index=11&type=section&id=5.%20Income%20Tax%20Expense) This section details the Group's income tax expense for the period and applicable tax rates in different jurisdictions Current Period Tax | | For the Six Months Ended June 30 | | | :--- | :--- | :--- | | | 2025 (USD) | 2024 (USD) | | Current provision | 59,835 | 287 | - The Group is not subject to income tax in Hong Kong and the Cayman Islands[22](index=22&type=chunk)[23](index=23&type=chunk) - Vietnam corporate income tax rates vary by business type: **18%** for motorcycle assembly and production, **10%** for engine assembly and production, and **20%** for other businesses[23](index=23&type=chunk) [6. Earnings/(Loss) Per Share](index=11&type=section&id=6.%20Earnings%2F%28Loss%29%20Per%20Share) This section calculates basic earnings/loss per share and explains why diluted earnings/loss per share is identical due to the absence of potential dilutive ordinary shares [6(a) Basic Earnings/(Loss) Per Share](index=11&type=section&id=6%28a%29%20Basic%20Earnings%2F%28Loss%29%20Per%20Share) This section details the calculation of basic earnings or loss per share for the reporting period - For the six months ended June 30, 2025, basic earnings per share was **US$0.00005** (prior period: basic loss per share US$0.00266)[24](index=24&type=chunk) - The calculation is based on profit attributable to equity holders of the Company of **US$42,518** and a weighted average of **907,680,000** ordinary shares outstanding[24](index=24&type=chunk) [6(b) Diluted Earnings/(Loss) Per Share](index=11&type=section&id=6%28b%29%20Diluted%20Earnings%2F%28Loss%29%20Per%20Share) This section explains why diluted earnings or loss per share is identical to basic earnings or loss per share - Diluted earnings/loss per share for the period is the same as basic earnings/loss per share, as there are no potential dilutive ordinary shares[25](index=25&type=chunk) [7. Dividends](index=11&type=section&id=7.%20Dividends) This section confirms the Company's dividend policy and any dividends paid or declared during the reporting period - For the six months ended June 30, 2025, the Company neither paid nor declared any dividends[26](index=26&type=chunk) [8. Other Property, Plant and Equipment](index=12&type=section&id=8.%20Other%20Property%2C%20Plant%20and%20Equipment) This section provides details on the recognition of costs and impairment losses related to other property, plant and equipment - Costs of **US$125,278** for other property, plant and equipment items were recognized in the current period (prior period: US$282,675)[30](index=30&type=chunk) - Impairment loss recognized in the statement of profit or loss was **US$125,278** (prior period: US$282,675)[30](index=30&type=chunk) [9. Trade and Other Receivables and Prepayments](index=12&type=section&id=9.%20Trade%20and%20Other%20Receivables%20and%20Prepayments) This section presents a breakdown of trade and other receivables, prepayments, and their aging analysis Trade and Other Receivables and Prepayments | | 2025 | 2024 | | :--- | :--- | :--- | | | June 30 (USD) | December 31 (USD) | | Trade receivables | 9,396,308 | 9,234,648 | | Non-trade receivables | 9,948,033 | 7,336,432 | | Prepayments | 494,964 | 487,591 | | Amounts due from related parties - trade | 1,409,234 | 1,827,436 | | Amounts due from related parties - non-trade | - | 427 | | **Total** | **21,248,539** | **18,886,534** | Aging Analysis of Trade Receivables | | 2025 | 2024 | | :--- | :--- | :--- | | | June 30 (USD) | December 31 (USD) | | Within 3 months | 10,193,165 | 8,860,451 | | Over 3 months but within 1 year | 612,377 | 2,116,279 | | Over 1 year but within 2 years | - | 85,354 | | **Total** | **10,805,542** | **11,062,084** | [10. Trade and Other Payables](index=13&type=section&id=10.%20Trade%20and%20Other%20Payables) This section details the Group's trade and other payables, including an aging analysis of trade payables Trade and Other Payables | | 2025 | 2024 | | :--- | :--- | :--- | | | June 30 (USD) | December 31 (USD) | | Trade payables | 3,726,062 | 4,340,713 | | Other payables and accrued operating expenses | 2,891,912 | 3,277,014 | | Contract liabilities - payments received in advance of performance | 1,088,497 | 1,191,403 | | Provisions | 1,643,301 | 1,705,450 | | Amounts due to related parties - trade | 13,563,198 | 11,696,403 | | Amounts due to related parties - non-trade | 1,661 | 9,463 | | **Total** | **22,914,631** | **22,220,446** | Aging Analysis of Trade Payables | | 2025 | 2024 | | :--- | :--- | :--- | | | June 30 (USD) | December 31 (USD) | | Within 3 months | 17,273,568 | 15,292,974 | | Over 3 months but within 1 year | 12,661 | 736,989 | | Over 1 year but within 5 years | 3,031 | 7,153 | | **Total** | **17,289,260** | **16,037,116** | [Commitments](index=13&type=section&id=Commitments) This section confirms the absence of any significant capital commitments or contingent liabilities for the Group - As of June 30, 2025, the Group had no significant capital commitments or contingent liabilities[52](index=52&type=chunk) [Management Discussion and Analysis](index=14&type=section&id=Management%20Discussion%20and%20Analysis) This section analyzes the Group's H1 2025 operating environment, business performance, financial position, and outlook, highlighting revenue growth and improved profitability despite global challenges [Company Overview](index=14&type=section&id=Company%20Overview) This section provides a brief introduction to the Group's core business as a leading motorcycle manufacturer in Vietnam - The Group is one of Vietnam's leading manufacturers of scooters and national motorcycles, with an annual production capacity of **200,000** units, selling under the SYM brand, and also producing motorcycle engines and parts[33](index=33&type=chunk) [Operating Environment](index=14&type=section&id=Operating%20Environment) This section discusses the global and local economic conditions impacting the Group's operations, including trade policies and market growth - Global trade and political landscapes continue to adjust, with US tariffs increasing corporate operating costs and accelerating supply chain restructuring[34](index=34&type=chunk) - Vietnam's economy showed steady growth, with **GDP increasing by 7.52%** in the first half, and the total motorcycle market sales growing by **6.4%** year-on-year[34](index=34&type=chunk) [Business Review](index=14&type=section&id=Business%20Review) This section reviews the Group's sales performance in domestic and export markets, highlighting key growth drivers - Total sales volume in Vietnam was approximately **22.4 thousand units**, a year-on-year increase of **4.7%**, primarily due to the launch of new models, safe driving education, and online promotions[35](index=35&type=chunk) - Total export sales volume was approximately **18.4 thousand units**, a significant year-on-year increase of **65.8%**, mainly driven by strong sales momentum in the Malaysian market (growth of **34.3%**)[35](index=35&type=chunk)[36](index=36&type=chunk) - Initial results were achieved in the European market, with significant sales volume growth recorded in the first half[37](index=37&type=chunk) [Financial Review](index=15&type=section&id=Financial%20Review) The Group's H1 revenue grew **42.1%**, achieving profitability with improved gross margin, driven by cost control and sales volume, though net finance expenses rose due to exchange losses [Revenue](index=15&type=section&id=Revenue) This section highlights the significant increase in revenue, primarily driven by new motorcycle models - Revenue increased by **42.1%** to **US$46.6 million** (prior period: US$32.8 million), primarily benefiting from the launch of new motorcycle models[39](index=39&type=chunk) [Cost of Sales](index=15&type=section&id=Cost%20of%20Sales) This section analyzes the changes in cost of sales and its proportion to total revenue - Cost of sales increased by **37.3%** to **US$41.2 million**, primarily attributable to the increase in overall sales volume[40](index=40&type=chunk) - The percentage of cost of sales to total revenue decreased from **91.4%** to **88.4%**, mainly due to increased sales scale and enhanced bargaining power from bulk purchases[40](index=40&type=chunk) [Gross Profit and Gross Profit Margin](index=15&type=section&id=Gross%20Profit%20and%20Gross%20Profit%20Margin) This section discusses the increase in gross profit and gross profit margin, driven by higher sales volume - Gross profit increased to **US$5.4 million** (prior period: US$2.8 million), and gross profit margin improved to **11.6%** (prior period: 8.6%), primarily due to increased sales volume[41](index=41&type=chunk) [Distribution Expenses](index=16&type=section&id=Distribution%20Expenses) This section explains the increase in distribution expenses, mainly due to higher export sales - Distribution expenses increased by **2.6%** to **US$1.94 million**, primarily due to higher export sales volume leading to increased transportation and packaging costs[42](index=42&type=chunk) [Administrative and Other Operating Expenses](index=16&type=section&id=Administrative%20and%20Other%20Operating%20Expenses) This section analyzes the reduction in administrative and other operating expenses, indicating improved operational efficiency - Administrative and other operating expenses decreased by **1.3%** to **US$3.07 million**, representing **6.6%** of total revenue, reflecting improved operational efficiency[43](index=43&type=chunk) [Results from Operations](index=16&type=section&id=Results%20from%20Operations) This section reports the Group's operating profit for the period, a significant turnaround from a prior period loss - The Group recorded an operating profit of **US$0.9 million** for the current period (prior period: operating loss of US$2.1 million)[44](index=44&type=chunk) [Net Finance Expenses/Income](index=16&type=section&id=Net%20Finance%20Expenses%2FIncome) This section details the shift from net finance income to net finance expenses, primarily due to reduced bank interest income and increased exchange losses - A shift from net finance income of **US$0.03 million** in the prior period to net finance expenses of **US$0.70 million** in the current period, mainly due to decreased bank interest income and increased exchange losses[45](index=45&type=chunk) [Impairment Loss on Other Property, Plant and Equipment](index=16&type=section&id=Impairment%20Loss%20on%20Other%20Property%2C%20Plant%20and%20Equipment) This section explains the impairment loss recognized on property, plant and equipment due to industry competition and rising manufacturing costs - An impairment loss of approximately **US$0.1 million** was recognized, reflecting a re-evaluation of the value of related assets due to industry competition and rising manufacturing costs[46](index=46&type=chunk) [Profit/(Loss) for the Period and Net Profit/(Loss) Margin](index=16&type=section&id=Profit%2F%28Loss%29%20for%20the%20Period%20and%20Net%20Profit%2F%28Loss%29%20Margin) This section reports the Group's net profit for the period, marking a significant turnaround from a net loss in the prior period - The Group recorded a net profit of **US$0.04 million** for the current period (prior period: net loss of US$2.42 million), with the net profit margin turning from **-7.4%** to **0.1%**[47](index=47&type=chunk) [Liquidity and Financial Resources](index=16&type=section&id=Liquidity%20and%20Financial%20Resources) This section provides an overview of the Group's liquidity position, including net current assets, interest-bearing borrowings, gearing ratio, and cash balances - Net current assets were **US$38.8 million** (December 31, 2024: US$39.3 million)[48](index=48&type=chunk) - Interest-bearing borrowings repayable within one year amounted to **US$43.3 million** (December 31, 2024: US$33.8 million)[48](index=48&type=chunk) - The gearing ratio was **97.5%** (December 31, 2024: 75.2%), calculated as total bank loans divided by total shareholders' equity[48](index=48&type=chunk) - Total cash and bank balances were **US$58.6 million** (December 31, 2024: US$54.4 million), primarily denominated in Vietnamese Dong and US Dollars[49](index=49&type=chunk) - Pledged bank fixed deposits of **US$19,582,961** served as security for bank facilities granted to the Group[58](index=58&type=chunk) [Exchange Rate Fluctuation Risk](index=17&type=section&id=Exchange%20Rate%20Fluctuation%20Risk) This section addresses the Group's exposure to exchange rate fluctuations and its approach to managing this risk - The Group's primary trading currencies are Vietnamese Dong and US Dollars, and it will closely monitor exchange rate trends and enhance risk awareness[50](index=50&type=chunk) - As of June 30, 2025, the Group did not use any financial instruments to hedge its foreign exchange risks[50](index=50&type=chunk) [Human Resources and Remuneration Policy](index=17&type=section&id=Human%20Resources%20and%20Remuneration%20Policy) This section provides information on the Group's employee count and total staff costs for the reporting period - As of June 30, 2025, the Group employed a total of **1,021** employees (prior period: 1,003 employees)[51](index=51&type=chunk) - Total salaries and related costs for the six months ended June 30, 2025, were approximately **US$5.1 million** (prior period: approximately US$4.9 million)[51](index=51&type=chunk) [Capital Commitments and Contingent Liabilities](index=17&type=section&id=Capital%20Commitments%20and%20Contingent%20Liabilities) This section confirms the absence of any significant capital commitments or contingent liabilities for the Group - As of June 30, 2025, the Group had no significant capital commitments or contingent liabilities[52](index=52&type=chunk) [Significant Acquisitions or Disposals of Subsidiaries or Associates](index=17&type=section&id=Significant%20Acquisitions%20or%20Disposals%20of%20Subsidiaries%20or%20Associates) This section confirms no significant acquisitions or disposals of subsidiaries or associates during the reporting period - For the six months ended June 30, 2025, the Group had no significant acquisitions or disposals of subsidiaries or associates[53](index=53&type=chunk) [Material Investments Held](index=17&type=section&id=Material%20Investments%20Held) This section confirms the absence of any material investments held by the Group during the reporting period - For the six months ended June 30, 2025, the Group did not hold any material investments[54](index=54&type=chunk) [Future Plans for Material Investments or Capital Assets](index=17&type=section&id=Future%20Plans%20for%20Material%20Investments%20or%20Capital%20Assets) This section outlines the Group's future plans regarding material investments or capital asset acquisitions - As of June 30, 2025, other than those disclosed in this announcement, the Group had no other specific plans for material investments or acquisitions of capital assets[55](index=55&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=17&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) This section reports on any transactions involving the Company's listed securities during the period - For the six months ended June 30, 2025, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[56](index=56&type=chunk) - As of June 30, 2025, the Company did not hold any treasury shares[57](index=57&type=chunk) [Changes After December 31, 2024](index=18&type=section&id=Changes%20After%20December%2031%2C%202024) This section confirms the absence of significant changes in the Group's financial position since December 31, 2024 - Except as otherwise disclosed in this announcement, there have been no significant changes in the Group's financial position since December 31, 2024[59](index=59&type=chunk) [Outlook](index=18&type=section&id=Outlook) This section outlines the Group's strategic focus and plans for navigating future economic challenges and expanding market presence - Looking ahead to the second half of 2025, as the global economy remains in a phase of inflation adjustment and monetary and trade policy rebalancing, the Group will continue to prudently respond to international market fluctuations and flexibly adjust its product strategy and regional sales layout[60](index=60&type=chunk) - For domestic sales, the Group will precisely target customer segments and enhance brand engagement through diversified marketing channels; for export sales, it will continue to strengthen global overseas market promotion, enhance brand loyalty, and actively explore different overseas markets[60](index=60&type=chunk) - The Group will continue to adhere to its business philosophy of focusing on core business, prioritizing quality, and ensuring customer satisfaction, with product innovation as a key strategy, continuously strengthening its product design and core technology development capabilities[60](index=60&type=chunk) [Other Information](index=19&type=section&id=Other%20Information) This section provides information on IPO proceeds, corporate governance, directors' securities dealing, public float, post-reporting events, interim results review, dividend policy, and report publication [Application of Proceeds from Initial Public Offering](index=19&type=section&id=Application%20of%20Proceeds%20from%20Initial%20Public%20Offering) This section details the utilization of net proceeds from the IPO and the remaining unutilized balance - The net proceeds from the initial public offering were approximately **US$76.7 million**, with an unutilized balance of **US$17.0 million** as of June 30, 2025[61](index=61&type=chunk)[62](index=62&type=chunk) Use of Proceeds from Initial Public Offering | | Net Proceeds from IPO in Prospectus and Announcement (Approx. US$ Million) | Unutilized Balance as of January 1, 2025 (Approx. US$ Million) | Amount Utilized During the Six Months Ended June 30, 2025 (Approx. US$ Million) | Unutilized Balance as of June 30, 2025 (Approx. US$ Million) | | :--- | :--- | :--- | :--- | :--- | | Construction and establishment of R&D center in Vietnam | 11.7 | - | - | - | | Expansion of distribution channels in Vietnam | 19.0 | - | - | - | | Acquisitions of assets or businesses | 9.0 | - | - | - | | General working capital | 2.7 | - | - | - | | Development of production site and relocation of existing production facilities | 15.0 | 2.0 | 0.1 | 1.9 | | Land development | 19.3 | 15.1 | - | 15.1 | | **Total** | **76.7** | **17.1** | **0.1** | **17.0** | - The unutilized net proceeds are expected to be fully utilized by or before **2030**[63](index=63&type=chunk) [Corporate Governance Practices](index=20&type=section&id=Corporate%20Governance%20Practices) This section confirms the Company's adherence to corporate governance code during the reporting period - The Company has complied with the Corporate Governance Code as set out in Appendix C1 of the Listing Rules for the six months ended June 30, 2025[64](index=64&type=chunk) [Compliance with the Standard Code for Securities Transactions by Directors](index=20&type=section&id=Compliance%20with%20the%20Standard%20Code%20for%20Securities%20Transactions%20by%20Directors) This section confirms directors' compliance with the standard code for securities transactions - The Company's directors have confirmed compliance with the Standard Code for Securities Transactions by Directors of Listed Issuers as set out in Appendix C3 of the Listing Rules during the current period[65](index=65&type=chunk) [Sufficiency of Public Float](index=20&type=section&id=Sufficiency%20of%20Public%20Float) This section confirms the Company maintained sufficient public float as required by listing rules - The Company has maintained a sufficient public float as required by the Listing Rules throughout the current period and up to the date of this announcement[66](index=66&type=chunk) [Material Events After Reporting Period](index=20&type=section&id=Material%20Events%20After%20Reporting%20Period) This section confirms no material events occurred after the reporting period that could impact the Group - No material events that could affect the Group have occurred after June 30, 2025, and up to the date of this announcement[67](index=67&type=chunk) [Review of Interim Results](index=20&type=section&id=Review%20of%20Interim%20Results) This section confirms the review of unaudited interim results by the audit committee and external auditors - The unaudited interim results have been reviewed by the Company's audit committee and by the Company's auditor, KPMG, in accordance with Hong Kong Standard on Review Engagements 2410[68](index=68&type=chunk) [Interim Dividend](index=20&type=section&id=Interim%20Dividend) This section reiterates the Board's decision regarding interim dividend payment - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025[69](index=69&type=chunk) [Publication of Interim Results Announcement and Interim Report](index=20&type=section&id=Publication%20of%20Interim%20Results%20Announcement%20and%20Interim%20Report) This section provides information on where the interim results announcement and report are published - The interim results announcement has been published on the HKEXnews website and the Company's website, and the interim report will be published on the aforementioned websites in due course[70](index=70&type=chunk) [Acknowledgement](index=21&type=section&id=Acknowledgement) This section expresses gratitude to stakeholders for their support - The Group extends its sincere gratitude to the Company's shareholders, suppliers, customers, and all employees[71](index=71&type=chunk) [Board of Directors](index=21&type=section&id=Board%20of%20Directors) This section lists the composition of the Board of Directors - The Board of Directors comprises three executive directors, three non-executive directors, and three independent non-executive directors[72](index=72&type=chunk)

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 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) | 00422 | 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 | | 0 | | 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 FF301 第 1 頁 共 10 頁 v 1 ...

Core Viewpoint - Vietnam Manufacturing and Processing Export (00422.HK) announced a board meeting scheduled for August 11, 2025, to approve the unaudited interim results for the six months ending June 30, 2025, along with its release [1] Group 1 - The board meeting will focus on approving the company's interim performance [1] - The interim results will cover the period ending June 30, 2025 [1] - The meeting is set to take place on a Monday [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，概不就因本公告全部或任何部分內容所產生或因依賴該等內容而引致 的任何損失承擔任何責任。 董事會會議通知 越南製造加工出口（控股）有限公司（「本公司」）董事會（「董事會」）謹此宣佈，將於 二零二五年八月十一日（星期一）舉行董事會會議，藉以（其中包括）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之未經審核中期業績及其發佈。 承董事會命 越南製造加工出口（控股）有限公司 劉武雄 主席 香港，二零二五年七月三十日 於本公告日期，董事會包括三名執行董事劉武雄先生、吳睿蕎女士及林俊宇先生，三名非執行 董事吳麗珠女士、陳旭斌先生及柳如承先生，及三名獨立非執行董事林青青女士、張安杰先生 及吳惠蘭女士。 Vietnam Manufacturing and Export Processing (Holdings) Limited 越南製造加工出口(控股)有限公司 (於開曼群島註冊成立的有限公司) (股份代號：422) ...