(Incorporated in Bermuda with limited liability) ( 於百慕達註冊成立之有限公司 ) PALADIN LIMITED (Stock Code 股份代號：495) N O T I F I C AT I O N L E T T E R 通 知 信 函 Dear Non-registered holders(Note 1) , Paladin Limited (the "Company") – Notice of Publication of 2025 Interim Report (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 ("HKEX") at www.hkexnews. ...

PALADIN LIMITED (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：495) N O T I F I C AT I O N L E T T E R 通 知 信 函 Dear Registered Shareholders, By order of the board of Paladin Limited Oung Shih Hua, James Chairman & Executive Director Paladin Limited (the "Company") – Notice of Publication of 2025 Interim Report (the "Current Corporate Communications") The Current Corporate Communications of the Company have been published in English and Chinese languages and are available ...

Financial Performance - The group's revenue for the six months ending December 31, 2025, decreased by approximately 29% to about HKD 15,000,000, with a loss of approximately HKD 16,000,000, compared to a loss of about HKD 28,000,000 in the same period last year[7]. - For the six months ended December 31, 2025, the company's revenue was HKD 14,917,000, a decrease of 29.5% compared to HKD 21,135,000 for the same period in 2024[50]. - The gross profit for the same period was HKD 6,249,000, down 38.0% from HKD 10,088,000 in 2024[50]. - Operating loss for the six months was HKD 16,096,000, a reduction of 41.9% compared to HKD 27,752,000 in the previous year[50]. - The company reported a loss before tax of HKD 18,663,000, compared to a loss of HKD 31,029,000 in the prior year, indicating a 40.0% improvement[50]. - The total comprehensive loss for the period was HKD 18,271,000, down from HKD 29,696,000 in the same period last year, reflecting a 38.5% decrease[51]. - The group incurred a total segment loss of HKD 8,818,000 for the six months ended December 31, 2025, compared to a loss of HKD 23,972,000 for the same period in 2024, indicating an improvement[82]. - The group’s total comprehensive loss before tax for the six months ended December 31, 2025, was HKD 18,663,000, an improvement from HKD 31,029,000 in 2024[82]. Revenue Sources - Rental income from investment properties for the six months ending December 31, 2025, was approximately HKD 1,000,000, down from HKD 3,000,000 in 2024[8]. - The total sales for the six months ending December 31, 2025, were approximately HKD 12,000,000[12]. - The company’s largest customer accounted for 10% of total revenue, while the top five customers represented 43% of total revenue[41]. - The group’s research and development segment generated revenue of HKD 13,470,000 for the six months ended December 31, 2025, compared to HKD 18,241,000 in 2024, reflecting a decline of 26.1%[80]. - The group’s revenue from Finland for the six months ended December 31, 2025, was HKD 12,301,000, down from HKD 17,444,000 in 2024, a decrease of 29.5%[83]. Assets and Liabilities - As of December 31, 2025, the group's current liabilities amounted to approximately HKD 116 million, with a current ratio of 0.18[22]. - The group's total outstanding debts were approximately HKD 163 million, including trade and other payables of about HKD 15 million and secured bank loans of approximately HKD 108 million[22]. - The capital debt ratio of the group is approximately 30%, calculated as total liabilities divided by total assets[23]. - Total assets decreased from HKD 526,691,000 to HKD 518,768,000, a decline of approximately 1.7%[52]. - Current liabilities increased from HKD 138,551,000 to HKD 141,179,000, an increase of about 1.8%[52]. - The company's equity attributable to owners decreased from HKD 430,577,000 to HKD 411,494,000, a decline of about 4.4%[54]. - The total amount due to related parties as of December 31, 2025, was HKD 14,212,000, an increase from HKD 12,659,000 in June 2025, reflecting a rise in obligations to related entities[98]. Cash Flow - Net cash used in operating activities was HKD 13,876,000, compared to HKD 7,401,000 in the previous year, indicating a worsening cash flow situation[56]. - Cash and cash equivalents decreased from HKD 18,860,000 to HKD 11,903,000, a reduction of approximately 37%[56]. - The company’s net cash flow from financing activities was HKD 6,968,000, contrasting with a cash outflow of HKD 5,436,000 in the previous year[56]. Shareholder Information - Major shareholders include Basurto Holdings Limited and Gold Seal Holdings Limited, holding 30.93% and 32.71% of shares respectively[30]. - The board of directors recommended not to declare any interim dividend for the six months ending December 31, 2025[27]. - The group did not declare or propose any dividends for the six months ended December 31, 2025, consistent with the previous year[88]. Stock Options and Management - The company has a stock option plan adopted on December 8, 2015, providing incentives to selected participants, with a total of 397,721,900 stock options granted, representing approximately 24.18% of the issued share capital as of the interim report date[33]. - The total number of unexercised stock options as of the report date is 397,721,900, with no options exercised, cancelled, or lapsed during the period[39]. - The stock options granted to directors include 13,676,400 options at HKD 0.321 and 12,600,000 options at HKD 0.179, with exercise periods extending until May 29, 2026, and November 8, 2028, respectively[35]. - The company has not participated in any arrangements that would allow directors or key executives to benefit from purchasing shares or bonds of the company or any other entity during the reporting period[39]. - The company is currently seeking suitable candidates to fill the vacancy of independent non-executive director to comply with listing rules[43]. Financing Activities - The company raised HKD 10,000,000 in bank loans during the financing activities[56]. - The group has secured bank loans of approximately HKD 108,744,000 with repayment terms that will not trigger immediate repayment at the bank's discretion[59]. - Shareholder Gold Seal Holdings Limited has agreed to defer the repayment of approximately HKD 13,391,000 owed to the group until the financial situation allows[59]. - The group has approximately HKD 55,000,000 in unutilized bank credit facilities as of December 31, 2025[64]. - The company issued a total of 194,208,539 units of the 2017 convertible bonds, raising approximately HKD 48,552,000 from the public offering[102]. Investment Properties - The fair value of financial assets and liabilities as of December 31, 2025, is reported to be approximately HKD 339,221,000, with significant components being investment properties valued at HKD 301,802,000[67]. - The group recognized a loss of HKD 4,459,000 on investment properties during the reporting period, compared to a loss of HKD 21,100,000 in the previous year[69]. - The group reported a fair value loss on investment properties of HKD 4,459,000 for the six months ended December 31, 2025, compared to a loss of HKD 21,100,000 in 2024, showing a significant reduction in losses[84]. Corporate Governance - The board approved and authorized the publication of the consolidated interim financial statements on February 27, 2026[123]. - One of the directors and their immediate family members hold beneficial and controlling interests in related companies[124]. - The company's key management personnel are composed of the company's directors[124].

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: PALADIN LIMITED 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) | 00495 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | | 2. 股份分類 | 優先股 | 股份類別 | 不適用 | | 於香港聯交所上市 ...

Core Viewpoint - PALADIN (00495) reported a revenue of HKD 14.917 million for the six months ending December 31, 2025, representing a year-on-year decrease of 29.42% [1] - The company recorded a loss attributable to shareholders of HKD 18.553 million, which is a 40.7% reduction compared to the previous year [1] - The decrease in losses is primarily attributed to a reduction in fair value losses on investment properties by approximately HKD 17 million during the reporting period [1] Financial Performance - Revenue for the six-month period was HKD 14.917 million, down 29.42% year-on-year [1] - Loss attributable to shareholders was HKD 18.553 million, a decrease of 40.7% year-on-year [1] - Basic loss per share was HKD 0.0113 [1] Investment Property Performance - The reduction in losses is mainly due to a decrease in fair value losses on investment properties, which fell by about HKD 17 million [1]

Group 1 - The company reported a revenue of HKD 14.917 million for the six months ending December 31, 2025, representing a year-on-year decrease of 29.42% [1] - The loss attributable to the company's owners for the period was HKD 18.553 million, a year-on-year reduction of 40.7% [1] - The basic loss per share was HKD 0.0113 [1] Group 2 - The reduction in loss was primarily due to a decrease in fair value losses on investment properties by approximately HKD 17 million for the six months ending December 31, 2025 [1]

Core Viewpoint - PALADIN (00495.HK) reported a decrease in revenue and a reduction in losses for the six months ending December 31, 2025, indicating a potential improvement in financial performance despite the overall decline in revenue [1] Financial Performance - The company's revenue for the period was HKD 14.917 million, representing a year-on-year decrease of 29.42% [1] - The loss attributable to shareholders for the period was HKD 18.553 million, compared to a loss of HKD 31.288 million in the same period last year, indicating a reduction in losses [1] - The basic loss per share was HKD 0.0113 [1] Investment Property Valuation - The reduction in losses was primarily due to a decrease in fair value losses on investment properties by approximately HKD 17 million for the six months ending December 31, 2025 [1]

Financial Performance - For the six months ended December 31, 2025, the company reported revenue of HKD 14,917,000, a decrease of 29.5% compared to HKD 21,135,000 for the same period in 2024[3] - The gross profit for the same period was HKD 6,249,000, down 38.0% from HKD 10,088,000 in 2024[3] - The operating loss was HKD 16,096,000, an improvement from a loss of HKD 27,752,000 in the previous year, indicating a reduction of 42.3%[3] - The net loss for the period was HKD 18,663,000, compared to a net loss of HKD 31,196,000 in 2024, reflecting a 40.2% improvement[3] - The total comprehensive loss for the period was HKD 18,271,000, down from HKD 29,696,000 in the previous year, a decrease of 38.5%[4] - The group reported a consolidated loss before tax of HKD 18,663,000 for the six months ended December 31, 2025, compared to a loss of HKD 31,029,000 for the same period in 2024[17] - The group incurred a fair value loss on investment properties of HKD 4,459,000 for the six months ended December 31, 2025, compared to a loss of HKD 21,100,000 in the previous year[19] - Interest expenses on bank borrowings for the six months ended December 31, 2025, were HKD 2,511,000, down from HKD 3,218,000 in 2024[20] - Basic and diluted loss per share for the six months ended December 31, 2025, was HKD 0.0113, compared to HKD 0.0216 for the same period in 2024[26] - The group's revenue for the six months ending December 31, 2025, decreased by approximately 29% to about HKD 15,000,000, with a loss of approximately HKD 19,000,000, compared to a loss of about HKD 31,000,000 in the same period last year[31] Assets and Liabilities - As of December 31, 2025, the company had total assets of HKD 543,883,000, a decrease from HKD 556,496,000 as of June 30, 2025[5] - The company's current liabilities net amount was HKD 116,064,000, indicating a significant financial burden[8] - As of December 31, 2025, the group's net current liabilities were approximately HKD 116 million, with a current ratio of 0.18[42] - The group's total outstanding liabilities were approximately HKD 163 million, including trade and other payables of about HKD 15 million and secured bank borrowings of approximately HKD 108 million[42] - The group's capital debt ratio, defined as total liabilities divided by total assets, was approximately 30%[43] Revenue Segmentation - Revenue from external customers for the six months ended December 31, 2025, was HKD 14,917,000, a decrease of 29.5% compared to HKD 21,135,000 for the same period in 2024[15] - The total segment loss for the six months ended December 31, 2025, was HKD 8,818,000, significantly improved from a loss of HKD 23,972,000 in the prior year[17] - The group’s total revenue from the property investment segment for the six months ended December 31, 2025, was HKD 1,447,000, down from HKD 2,894,000 in 2024[15] - Revenue from the R&D segment for the six months ended December 31, 2025, was HKD 13,470,000, a decrease from HKD 18,241,000 in the previous year[15] - Rental income from investment properties for the six months ending December 31, 2025, was approximately HKD 1,000,000, down from HKD 3,000,000 in the previous year[32] Corporate Governance and Management - The company received a letter from the Stock Exchange indicating it failed to maintain sufficient operational levels and asset value, leading to a suspension of trading from November 27, 2024[52] - The company is actively seeking suitable candidates to fill the vacancy of independent non-executive directors to comply with listing rules[51] - The company has adopted a board diversity policy to ensure an appropriate balance in skills and experience, although it has not yet identified suitable female directors[57] - The board of directors of Paladin Limited includes five members, with a mix of executive and independent directors[59] - The presence of independent directors suggests a commitment to corporate governance and oversight[59] - The board composition reflects a balance of experience and independence, which may enhance decision-making[59] - The company emphasizes the importance of prudent trading for shareholders and potential investors[59] - The document does not provide specific financial metrics or performance indicators, indicating a potential focus on governance rather than financial results[59] Strategic Initiatives - The company is implementing various strategies to enhance revenue and profitability, including cost control measures[9] - The board believes that the company will have sufficient financial resources to meet its operational funding requirements and financial obligations in the foreseeable future[9] - The company is actively developing next-generation technology applications, focusing on imaging, monitoring, navigation, and advanced semiconductor processing, with significant investments reflecting a strategic emphasis on sustainability[34] - The company aims to make its technology department a significant contributor to revenue by the end of the decade, with various technology products and systems expected to be sold soon[34] - The portable X-ray detection equipment developed by Pexray Oy is focused on industrial and security applications, with sales of non-destructive testing products expected to drive growth in the fiscal years 2024-2025 and 2025-2026[37] - Dynim Oy is developing the RTK VINS series and is implementing a complementary business model called Digital Twin as a Service (DTaaS) to enhance market entry and development cycles[39] - The company continues to seek and explore investment opportunities to strengthen its investment portfolio[33] Employment and Compensation - The group employed a total of 43 employees as of December 31, 2025, with compensation determined based on market conditions[46] Dividends and Shareholder Information - The group did not declare or propose any dividends for the six months ended December 31, 2025, consistent with the previous year[24] - The board of directors has not declared any interim dividend for the six months ending December 31, 2025[48] - The company has not purchased, sold, or redeemed any of its listed shares during the six months ending December 31, 2025[49] Recent Developments - The announcement date is February 27, 2026, indicating a recent financial update[59] - The executive director is Mr. Ong Shih Wah, highlighting leadership continuity[59] - The company is focused on maintaining transparency in its communications with stakeholders[59] - The announcement serves as a reminder for investors to act cautiously in trading the company's securities[59]

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 對 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的任何損失承擔任何責任。 PALADIN LIMITED （於百慕達註冊成立之有限公司） （股份代號：495） 茲提述Paladin Limited（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）日 期 為 二 零 二 四 年十一月十八日、二十五日及二十六日、二零二四年十二月二日、二零二五年二月 二十六日、二零二五年五月二十六日、二零二五年八月二十八日、二零二五年十一 月 二 十 六 日 及 二 零 二 六 年 一 月 十 二 日 的 公 佈（統 稱「過往公佈」）。本 公 佈 乃 根 據 上 市規則第13.09條及香港證券及期貨條例第XIVA部內幕消息條文作出。 過往公佈所界定的詞彙於本公佈使用時具有該等已界定之涵義。 背 景 本 公 司 於 過 往 公 佈 中 披 露（其 中 包 括），聯 交 所 上 市 科 已 決 定 本 公 司 未 能 維 持 上 市 ...

Group 1 - The company PALADIN (00495.HK) announced a board meeting scheduled for February 27, 2026 [1] - The meeting will include the approval of the interim results for the six months ending December 31, 2025, for the company and its subsidiaries [1] - The board will also consider the distribution of an interim dividend, if applicable [1]