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，概不對因本公告全部或任何 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。 PACIFIC ONLINE LIMITED 太平洋網絡有限公司 （於開曼群島註冊成立之有限公司） （股份代號：543） 本公司董事會（「董事會」）謹此通知本公司股東（「股東」）及潛在投資者，根據董事會 目前可得資料，本集團預期將於截至二零二四年十二月三十一日止年度錄得股權持 有人應佔淨利潤介乎約人民幣40,000,000元至人民幣50,000,000元，而二零二三年 同期為淨虧損約人民幣32,300,000元。本公司股權持有人應佔預期淨利潤乃主要由 於本集團採取持續的成本效益措施，導致員工成本及廣告開支等支出減少。 本集團仍在最終確定本集團截至二零二四年十二月三十一日止年度的年度業績。本 公告所載資料僅以本公司管理層經參考目前可得資料（包括本集團截至二零二四年 十二月三十一日止年度的未經審核綜合管理賬目）後作出的初步評估為依據，而該 等資料並未獲本公司核數師審閱，且可予調整。本集團財務資料詳情將於本公 ...

Vistra (Cayman) Limited P.O. Box 31119 Grand Pavilion Hibiscus Way, 802 West Bay Road, Grand Cayman KY1-1205 Cayman Islands 本公司的股份過戶登記分處則維持不變。 承董事會命 太平洋網絡有限公司 主席 林懷仁 香港，2025年1月7日 變更開曼群島主要股份過戶登記處及 註冊辦事處 太平洋網絡有限公司（「本公司」）董事會（「董事會」）謹此宣佈，自2024年12月31日 起，本公司於開曼群島的主要股份過戶登記處及註冊辦事處已變更為： 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，概不對因本公告全部或任何 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。 PACIFIC ONLINE LIMITED 太平洋網絡有限公司 （於開曼群島註冊成立之有限公司） （股份代號：543） 於本公告日期，董事會包括三位執行董事，分別為林懷仁博士、何錦華先生及王大 鑫先生；以及四位獨立非執行董事，分別為徐耀華先生、白泰德先生、 ...

Pacific Online Limited 太平洋網絡有限公司 中 期 報 告 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 股份代號:543 e Siz ote 目錄 N 用 請 ble a T 有 所 的 N TIO C E S C / A 2 | --- | |--------------------------| | | | 公司資料 | | 簡明綜合中期收益表 | | 簡明綜合中期全面收入報表 | | 簡明綜合中期資產負債表 | | 簡明綜合中期權益變動表 | | 簡明綜合中期現金流量表 | | 中期財務資料附註 | | 主席報告 | | 管理層討論及分析 | | | 3 4 5 7 8 9 27 28 其他資料 31 公司資料 A/C SECTION 的所有 Table 請用 Note S ize | --- | --- | |-------------------------------------------------------|--------------------------------------------------------------------------- ...

Revenue and Profitability - Revenue for the six months ended June 30, 2024, was RMB 276,378 thousand, a decrease of 13.8% compared to RMB 320,782 thousand for the same period in 2023[1] - Gross profit increased to RMB 105,442 thousand, up 28.2% from RMB 82,277 thousand year-on-year[1] - Operating profit turned positive at RMB 10,428 thousand, compared to an operating loss of RMB 41,300 thousand in the previous year[1] - Net profit for the period was RMB 10,130 thousand, a significant recovery from a net loss of RMB 40,652 thousand in the same period last year[2] - Basic and diluted earnings per share for the period were RMB 0.89, compared to a loss per share of RMB 3.36 in the previous year[2] - Revenue from the Pacific Automotive Network was RMB 236,819,000, while the Pacific Computer Network generated RMB 28,135,000 for the six months ended June 30, 2024[14] - Revenue from Pacific Automotive Network decreased by 14.0% to RMB 236,800,000, accounting for 85.7% of total revenue[35] - Revenue from Pacific Computer Network decreased by 26.4% to RMB 28,100,000, representing 10.2% of total revenue[35] - Other operating businesses, including Pacific Parenting Network and Pacific Home Network, saw revenue increase by 57.7% to RMB 11,400,000, accounting for 4.1% of total revenue[35] Assets and Liabilities - Total assets as of June 30, 2024, were RMB 926,674 thousand, down from RMB 1,046,142 thousand at the end of December 2023[4] - Total equity decreased to RMB 663,028 thousand from RMB 702,779 thousand at the end of December 2023[5] - Cash and cash equivalents were RMB 252,142 thousand, a decrease from RMB 271,819 thousand at the end of December 2023[4] - Trade receivables and other receivables showed a decline, with total current assets at RMB 633,324 thousand compared to RMB 740,324 thousand previously[4] - Accounts receivable, net of impairment provisions, decreased to RMB 343,869,000 as of June 30, 2024, from RMB 407,168,000 as of December 31, 2023, representing a decline of approximately 15.5%[27] - Other receivables decreased significantly to RMB 10,986,000 as of June 30, 2024, compared to RMB 28,103,000 as of December 31, 2023, indicating a reduction of about 60.0%[29] - Financial assets investment decreased to RMB 25,552,000 as of June 30, 2024, down from RMB 31,106,000 as of December 31, 2023, a decline of about 17.8%[30] - The company reported a total of RMB 223,093,000 in accrued expenses and other payables as of June 30, 2024, compared to RMB 302,688,000 as of December 31, 2023, indicating a decrease of approximately 26.3%[33] Cash Flow and Financing - Operating cash flow for the six months ended June 30, 2024, was RMB 11,506,000, compared to RMB 8,691,000 for the same period in 2023, representing a year-over-year increase of 32.9%[8] - Net cash from operating activities for the six months ended June 30, 2024, was RMB 11,469,000, a significant recovery from a net cash outflow of RMB 10,075,000 in the same period of 2023[8] - The company reported a net cash inflow from investing activities of RMB 18,262,000, a substantial increase from RMB 3,633,000 in the same period of 2023[8] - Cash and cash equivalents decreased by RMB 18,731,000, compared to a decrease of RMB 120,151,000 in the same period of 2023, indicating improved cash management[8] - The company paid cash dividends of RMB 45,414,000 during the six months ended June 30, 2024, down from RMB 113,231,000 in the same period of 2023[8] - The company had no bank borrowings as of June 30, 2024, resulting in a debt-to-equity ratio of zero[46] - As of June 30, 2024, the group had no pledged bank deposits or other assets securing its bank financing[48] Expenses and Cost Management - Cost of revenue decreased by 28.3% to RMB 170,900,000, resulting in a gross margin of 38.2%[36] - Selling and marketing expenses decreased by 33.3% to RMB 53,700,000, primarily due to reduced advertising and employee costs[37] - Administrative expenses increased by 28.7% to RMB 27,900,000, mainly due to higher employee costs[38] - Product development expenses decreased by 49.7% to RMB 16,200,000, attributed to reduced employee costs and general expenses[39] Tax and Government Support - The company’s subsidiaries in China, including Guangzhou Pacific Computer, have successfully renewed their high-tech enterprise status, allowing them to benefit from a reduced corporate income tax rate of 15%[20] - The company expects to continue benefiting from tax incentives for its subsidiaries in China, assuming no changes in relevant laws and regulations[20] - Government subsidies received amounted to RMB 1,997,000 for the six months ended June 30, 2024, compared to RMB 2,494,000 in the same period of 2023[17] Employee and Corporate Governance - The group had 736 employees as of June 30, 2024, a decrease of 4.5% from 771 employees on December 31, 2023, due to internal restructuring and operational simplification[50] - The audit committee, composed of three independent non-executive directors, reviewed the accounting principles and practices adopted by the group, as well as matters related to auditing, risk management, and internal controls[52] - The board believes that the current structure, with the same individual serving as both Chairman and CEO, provides strong and consistent leadership beneficial to the group's business prospects[53]

Employee and Workforce Management - The company reported a total of 749 employees in China as of the end of the reporting period, a decrease from 900 employees in the previous year[28]. - The gender distribution of employees in 2023 was 378 females and 371 males, indicating a balanced workforce[29]. - The company emphasizes a commitment to fair and equal employment practices, adhering to various labor laws and regulations[17]. - The company provides competitive compensation packages, including year-end bonuses and stock options based on individual performance[24]. - The company has a structured recruitment process that includes campus recruitment and employee referrals to attract suitable talent[18]. - The company has achieved a gender balance in its workforce, with a male-to-female ratio of approximately 1:1 as of December 31, 2023[157]. - The compensation committee reviewed and proposed recommendations for the discretionary bonuses and salary schemes for executive directors and senior management[152]. - The board aims to appoint at least one female director by December 31, 2024, as part of its diversity policy[157]. Environmental Sustainability - The company has implemented a paperless office initiative to reduce excessive printing and promote environmental sustainability[4]. - The company has established waste management practices, including the promotion of recycling bins and proper electronic waste disposal[5]. - The company is actively monitoring regulatory trends to ensure compliance with the latest environmental laws and reporting requirements[13]. - The company is focused on enhancing employee awareness of environmental issues through initiatives like the "Low Carbon Green Office Movement"[6]. - The company ensures compliance with the Air Pollution Prevention and Control Law of the People's Republic of China regarding emissions and waste management[194]. - The company is committed to improving its environmental, social, and governance performance to meet stakeholder expectations[193]. Financial Performance - For the fiscal year 2023, the company's revenue was RMB 740.1 million, a decrease of 9.0% compared to the previous year[71]. - The loss attributable to equity holders was RMB 32.3 million for the fiscal year 2023[71]. - Total revenue for the group declined by 9.0% from RMB 813.7 million in 2022 to RMB 740.1 million in 2023[80]. - The group's gross profit margin decreased from 40.7% in 2022 to 35.5% in 2023, with revenue costs slightly reduced by 1.1%[82]. - Sales and marketing expenses decreased by 13.1% to RMB 164.5 million in 2023, primarily due to reduced advertising and employee benefits expenses[83]. - Administrative expenses decreased by 11.4% to RMB 57.1 million in 2023, mainly due to lower employee costs and overall office expenses[84]. - Financial asset impairment losses decreased by 89.9% to RMB 1.7 million in 2023, attributed to the collection of certain long-term receivables[87]. - The company plans to distribute a dividend of RMB 0.04 per share, reflecting confidence in future prospects despite short-term challenges[77]. - The company anticipates growth in the domestic smartphone market in 2024, driven by the launch of competitive new products[77]. - Other income for 2023 was RMB 14.4 million, down from RMB 15.6 million in 2022, mainly due to a decrease in input VAT deductions[89]. - The net loss attributable to equity holders for the year ended December 31, 2023, was RMB 32,300,000, compared to RMB 6,700,000 for the year ended December 31, 2022[93]. - As of December 31, 2023, the group had total short-term deposits and cash of RMB 271,800,000, down from RMB 400,000,000 as of December 31, 2022[95]. - The net cash used in operating activities for 2023 was RMB 16,500,000, compared to RMB 21,700,000 in 2022[95]. - The group reported no bank borrowings as of December 31, 2023, resulting in a debt-to-equity ratio of zero for both years[96]. - There were no significant acquisitions or disposals of subsidiaries and associates during the year ended December 31, 2023[97]. - The group had no pledged bank deposits or other assets for bank financing as of December 31, 2023[98]. - The overall foreign exchange risk is considered not significant as the group's operations are primarily conducted in China and most transactions are denominated in RMB[99]. Corporate Governance - The board of directors has maintained compliance with the listing rules regarding the appointment of at least three independent non-executive directors, constituting at least one-third of the board[127]. - The company has adopted the principles of the Corporate Governance Code as set out in the listing rules of the Hong Kong Stock Exchange[118]. - The board is responsible for the overall management and monitoring of the company, including approving strategic policies and plans to enhance shareholder value[124]. - The company has a diverse board composition, including independent non-executive directors with appropriate professional qualifications and financial management expertise[127]. - The company has implemented effective corporate governance practices to ensure transparency and accountability in its operations[118]. - The board regularly reviews its governance practices to ensure compliance with statutory and professional standards[119]. - The company has a strong management team with extensive experience in finance and operations, contributing to its strategic decision-making[113][115]. - The company is committed to maintaining a balance between business needs and the application of independent judgment by the board[128]. - The board has delegated a series of responsibilities to executive directors and senior management for the execution of board decisions and daily operations[124]. - The company has a structured approach to risk management and internal controls, ensuring the integrity of financial reporting[124]. - The company has established effective mechanisms to ensure the board receives independent opinions and input, allowing any director to seek independent professional advice at the company's expense[132]. - All independent non-executive directors have confirmed their independence as per the listing rules, and the board believes these mechanisms have been effectively implemented[132]. - The company has a three-year service agreement with all executive directors and independent non-executive directors, with a rotation policy requiring directors to retire at least every three years[133]. - The audit committee reviews financial statements and reports, ensuring the effectiveness of the external auditor's independence and the company's internal controls[142]. - The executive committee, composed of all executive directors, oversees the execution of strategic plans and operational matters of the group[147]. - The company encourages continuous professional development for directors, providing training sessions and relevant reading materials[134]. - The board has established four committees: executive committee, audit committee, remuneration committee, and nomination committee, each with defined responsibilities[140]. - The chairman and CEO roles are held by the same individual, which the board believes provides strong and consistent leadership for the group's business planning and decision-making[132]. - The company has adopted a set of behavioral codes for directors regarding securities trading, ensuring compliance with established standards[138]. - The board's attendance record shows full participation in meetings, indicating strong governance and oversight[144]. - The board has reviewed its corporate governance policies and practices to ensure compliance with legal and regulatory requirements[163]. Risk Management and Internal Controls - The company has a structured approach to risk management and internal controls, ensuring the integrity of financial reporting[124]. - The board is committed to maintaining effective risk management and internal control systems to achieve the company's strategic objectives[168]. - The company has confirmed that there are no significant uncertainties affecting its ability to continue as a going concern[165]. - The company has enhanced its ability to respond to significant changes in the nature and extent of business operations and external environment risks since the last annual review[170]. - The board confirmed that the company's risk management and internal control systems are adequate and effective based on the review results[176]. - The risk management system involves a top-down approach, engaging the board, audit committee, management, and key business unit heads[172]. - The company has established monitoring procedures to prevent unauthorized access and use of internal information[176]. - The board has highlighted the importance of understanding the reasons behind the auditor's qualified opinion due to limitations in the audit scope related to cryptocurrency investments[176]. - The total fees paid to external auditors for the year ended December 31, 2023, amounted to RMB 4,108,000, with RMB 3,670,000 for audit services and RMB 438,000 for non-audit services[195]. - External auditors will provide updates and training to the board at least biannually regarding new auditing procedures related to complex financial products[183]. - The company has implemented improvements based on review findings and plans to continue similar reviews in the coming years[176]. Shareholder Communication and Relations - The company emphasizes the importance of effective communication with shareholders to enhance investor relations and understanding of business performance and strategies[199]. - The company has a dedicated website for shareholders and investors to access announcements, financial data, and other relevant information[199]. - The company secretary has completed no less than 15 hours of relevant professional training to update skills and knowledge during the year ended December 31, 2023[198]. - The board of directors encourages shareholders to provide feedback and attend annual general meetings to raise any concerns directly[199]. - The company maintains transparency and timely disclosure of company information to assist shareholders and investors in making informed investment decisions[199]. - The company has designated senior management to maintain regular dialogue with institutional investors and analysts to keep them informed of the group's developments[199]. - The company aims to enhance communication and relationships with shareholders and investors continuously[199].

Financial Performance - Revenue for the year ended December 31, 2023, was RMB 740,114 thousand, a decrease of 9.0% from RMB 813,728 thousand in 2022[4] - Gross profit for the same period was RMB 262,699 thousand, down 20.7% from RMB 331,126 thousand in the previous year[4] - Operating loss narrowed to RMB 1,239 thousand from a loss of RMB 15,963 thousand in 2022, indicating improved operational efficiency[4] - Net loss attributable to equity holders of the company was RMB 32,336 thousand, compared to a loss of RMB 6,654 thousand in the prior year, reflecting increased challenges[4] - The company reported a net financing income of RMB 5,003 thousand, down from RMB 12,951 thousand in 2022, indicating reduced financial performance[4] - The company’s basic and diluted loss per share was RMB 2.85, compared to RMB 0.59 in the previous year, reflecting increased losses per share[4] - The company reported a profit before income tax of RMB 3,764,000 for the year ended December 31, 2023, compared to a loss of RMB 3,012,000 in 2022[62] - The company reported a total loss of RMB 31,947,000 for the year ended December 31, 2023, compared to a loss of RMB 7,010,000 in the previous year, indicating a significant increase in losses[155] Assets and Equity - Total assets decreased to RMB 1,046,142 thousand from RMB 1,231,299 thousand, a decline of 15.1% year-over-year[5] - Total equity attributable to equity holders decreased to RMB 697,756 thousand from RMB 842,184 thousand, a decline of 17.2%[5] - Cash and cash equivalents fell to RMB 271,819 thousand from RMB 399,985 thousand, a decrease of 32.0%[5] - The group’s total assets for trade receivables (net of impairment) were RMB 407,168,000 as of December 31, 2023, compared to RMB 432,665,000 in 2022[68] - As of December 31, 2023, the company's equity investments and other investments totaled RMB 31,106,000, a decrease from RMB 31,847,000 in 2022[73] Revenue Breakdown - Revenue from the Pacific Automotive Network was RMB 646,381 million, while the Pacific Computer Network generated RMB 67,799 million[31] - Revenue from Pacific Automotive Network decreased by 5.5%, accounting for 87.3% of the group's total revenue[98] - Revenue from Pacific Computer Network fell by 30.8% to RMB 67.8 million, representing 9.2% of total revenue[102] - Revenue from other operating businesses decreased by 19.0% from RMB 32,000,000 to RMB 25,900,000, primarily due to a decline in overall consumption in those sectors[124] Expenses and Costs - Employee benefit expenses decreased to RMB 244,327,000 in 2023 from RMB 272,966,000 in 2022, representing a decline of approximately 10.5%[54] - Outsourced production costs increased to RMB 271,355,000 in 2023, up from RMB 239,912,000 in 2022, reflecting an increase of about 13.1%[54] - Total costs for revenue, sales and marketing, administrative expenses, and product development amounted to RMB 761,425,000 in 2023, down from RMB 801,400,000 in 2022, a decrease of approximately 5%[54] - Sales and marketing expenses decreased by 13.1% to RMB 164.5 million, primarily due to reduced advertising and employee benefits expenses[104] - Administrative expenses decreased by 11.4% from RMB 64,500,000 to RMB 57,100,000, mainly due to reduced employee costs and overall office expenses[127] Cash Flow and Financing - Operating cash flow from operating activities was RMB 2,249 million, a decrease from RMB 11,332 million[19] - Net cash used in operating activities was RMB (16,518) million, compared to RMB 21,737 million in the previous period[19] - The company reported a net financing cash outflow of RMB (114,171) million, compared to RMB (113,935) million in the previous period[19] - The company had no bank borrowings as of December 31, 2023, resulting in an asset-to-equity ratio of zero[132] Taxation - The effective income tax rate for the three years applicable from 2024 is 15% for certain subsidiaries, while others will be taxed at 25%[39] - The income tax expense for the year ended December 31, 2023, was RMB 35,700,000, an increase from RMB 4,000,000 in the previous year[143] - The company has not incurred any tax liabilities in Hong Kong for the year ended December 31, 2023, as there was no taxable income generated[59] Future Outlook and Strategy - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[4] - The company plans to integrate AI workflows and tools to enhance content generation efficiency and reduce costs[118] - The company aims to explore new marketing channels and improve online and offline integration to better target consumers[118] - The company anticipates market improvement in 2024, driven by the launch of competitive new products[100] Governance and Shareholder Returns - The board remains confident in the company's prospects despite acknowledging upcoming challenges, and has proposed a dividend of RMB 0.04 per share[159] - The proposed final dividend for the year ended December 31, 2023, is RMB 0.04 per share, totaling RMB 45,424,000, subject to shareholder approval[67] - The company emphasizes shareholder returns and considers factors such as profitability, cash flow, and future funding needs in its decision-making[159] - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[151]

Cash Flow and Liquidity - Operating cash flow for the six months ended June 30, 2023, was RMB 8,691,000, compared to RMB 7,641,000 for the same period in 2022, representing an increase of 13.8%[10] - Net cash used in operating activities was RMB (10,075,000), a significant decrease from RMB 18,010,000 in the previous year, indicating a shift in cash flow dynamics[10] - Cash and cash equivalents decreased by RMB 120,151,000, down from RMB 1,831,000 in the previous year, reflecting liquidity challenges[10] - The company did not utilize any borrowings or credit financing during the six months ended June 30, 2023, maintaining a stable liquidity position[30] - The management believes there are no significant liquidity risks, as deposits are primarily held in state-owned financial institutions in China and reputable international banks[30] Revenue and Income - For the six months ended June 30, 2023, total revenue was RMB 320,782 thousand, a decrease of 13.0% compared to RMB 368,781 thousand for the same period in 2022[95] - Rental income for the six months ended June 30, 2023, was RMB 3,317 thousand, an increase of 18.5% from RMB 2,799 thousand in the same period of 2022[79] - Government subsidies received amounted to RMB 2,494 thousand for the six months ended June 30, 2023, compared to RMB 2,203 thousand in the same period of 2022, reflecting a growth of 13.2%[79] - The company reported a total of RMB 6,390 thousand in other income for the six months ended June 30, 2023, down 35.5% from RMB 9,922 thousand in the same period of 2022[79] - Revenue from customer A accounted for 15.90% of total revenue for the six months ended June 30, 2023, indicating a significant customer concentration[78] - The company continues to derive all its revenue from external customers located in China, consistent with the previous year[118] Financial Performance - Gross profit for the same period was RMB 82,277 thousand, down 47.5% from RMB 156,603 thousand year-on-year[175] - The company reported a net loss of RMB 40,652 thousand for the six months ended June 30, 2023, compared to a net loss of RMB 10,626 thousand in the prior year, representing an increase in loss of 282.5%[176] - The company incurred financing income of RMB 4,537 thousand, down 39.5% from RMB 7,503 thousand in the previous year[175] - The company’s administrative expenses were RMB 21,675 thousand, a reduction of 29.6% compared to RMB 30,785 thousand in the same period of 2022[175] - The company reported a basic and diluted loss per share of RMB 3.36 for the six months ended June 30, 2023, compared to RMB 0.90 in the same period of 2022[176] Assets and Equity - Total assets decreased to RMB 988,858 thousand as of June 30, 2023, from RMB 1,231,299 thousand at the end of 2022, a decline of 19.7%[189] - Cash and cash equivalents were RMB 278,506 thousand, down 30.4% from RMB 399,985 thousand at the end of 2022[189] - The company’s total equity as of June 30, 2023, was RMB 693,991 thousand, a decrease of 17.9% from RMB 846,818 thousand at the end of 2022[189] Investment Activities - The company reported a net cash inflow from investing activities of RMB 3,633,000, a substantial decline from RMB 93,626,000 in the same period last year[10] - The company’s financial assets investment increased to RMB 44,647,000 as of June 30, 2023, compared to RMB 40,600,000 at the end of 2022, reflecting growth in investment strategy[63] Miscellaneous - The exchange rate for RMB against HKD and USD was 0.9220 and 7.2258 respectively, with potential fluctuations impacting comprehensive income by RMB 304,000[22] - The interim cash flow statement for the six months ended June 30, 2023, was presented[199] - The report is for the mid-year results of Pacific Networks Limited for 2023[199] - Specific financial metrics and performance indicators were not detailed in the provided content[199] - No user data or future outlook was mentioned in the available documents[199] - There were no references to new products, technologies, market expansion, or mergers and acquisitions in the content[199] - The document does not provide any performance guidance or strategic initiatives[199] - Overall, the content lacks detailed numerical data and percentage figures[199] - The focus of the document is primarily on the cash flow statement without additional context[199] - No comparative figures or year-over-year analysis were included in the provided information[199] - The content does not specify any key financial highlights or operational metrics[199]

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，概不對因本公告全部或任何 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。 PACIFIC ONLINE LIMITED 太 平 洋 網 絡 有 限 公 司 （於開曼群島註冊成立之有限公司） 543 （股份代號： ） 截至二零二二年十二月三十一日止年度年報的 補充公告 茲提述太平洋網絡有限公司（「本公司」，連同其附屬公司統稱「本集團」）截至二零二 二年十二月三十一日止年度的年報（「二零二二年年報」）。除另有界定外，本公告內 所用詞彙應與二零二二年年報內所界定者具有相同涵義。 本公告旨在就二零二二年年報「企業管治報告 — 風險管理及內部控制」一節有關核 數師因加密貨幣投資的相關審計範圍限制而出具保留意見（「審計事宜」）的內容對二 零二二年年報提供補充資料。為避免日後發生與審計事宜相似的事宜，本公司已檢 討其目前所採取的內部控制，並計劃實施以下額外措施： 日後採取的額外內部控制措施 持續審查及評估該基金的投資 為解決下一財政年度的審計事宜，本公司計劃繼續每個季度對其於該基金的投資進 ...

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，概不對因本公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。 PACIFIC ONLINE LIMITED 太 平 洋 網 絡 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：543） 截至二零二三年六月三十日止六個月 中期業績公告 太平洋網絡有限公司（「本公司」）董事會（「董事會」）宣佈本公司及其附屬公司（統稱為「本 集團」）截至二零二三年六月三十日止六個月的未經審核簡明綜合業績，連同上一年度相 應期間的比較數字如下： 簡明綜合中期收益表 截至二零二三年六月三十日止六個月 未經審核 截至六月三十日止六個月 二零二三年 二零二二年 附註 人民幣千元 人民幣千元 收入 4 320,782 368,781 收入成本 (238,505) (212,178) 毛利 82,277 156,603 ...

Greenhouse Gas Emissions and Environmental Impact - The company's direct greenhouse gas emissions from company vehicles were 6.50 kg for NOx, 0.17 kg for SOx, and 1.79 kg for PM in 2022[6] - The company has set a target to maintain a CO2 equivalent density of 2.32 tons per employee for Scope 2 emissions in 2023[10] - The company has no immediate need to set reduction targets for Scope 1 greenhouse gas emissions due to minimal vehicle usage[10] - The company has achieved its Scope 2 greenhouse gas emission target for the reporting period and continues to focus on energy and resource conservation[10] Energy Consumption and Efficiency - The company's electricity consumption in 2022 was 3,935,627 kWh, with a consumption density of 4,372.92 kWh per unit[13] - The company's gasoline consumption in 2022 was 11,597.88 liters, with a consumption density of 12.89 liters per unit[13] - The company has implemented energy-saving measures, including setting air conditioning to 26.0ºC in summer and replacing bulbs with LED lights[17] - The company has centralized office supplies procurement to reduce the number of supplier deliveries, thereby reducing indirect emissions[19] Waste Management - The company's waste generation in 2022 was 25,838 tons, with a waste density of 28.71 tons per unit[13] - The company has implemented measures to reduce waste, including following Shanghai's waste classification regulations[12] - The company has not generated any hazardous waste during the reporting period and has no plans to set reduction targets for non-hazardous waste[11] Employee Demographics and Turnover - The company has a balanced gender ratio with 461 male employees and 439 female employees, achieving a nearly 1:1 ratio[23] - The overall employee turnover rate for the reporting period was 57%, with 307 male and 237 female employees leaving the company[26] Training and Development - In 2022, 1,146 employees participated in training, a 127.3% participation rate, with a total training time of 7,847.75 hours and an average of 8.7 hours per employee[51] - Average training hours per employee increased by 64.5% from 5.3 hours in 2021 to 8.7 hours in 2022[52] - The company has established a training policy to meet job requirements and employee self-development goals, with a focus on continuous development and learning[29][30] Financial Performance - Company revenue for 2022 was RMB 813.7 million, a decrease of 4.5% compared to the previous year, with a net loss attributable to equity holders of RMB 6.7 million[75] - Pacific Auto Network's revenue decreased by 4.6% from RMB 716.9 million in 2021 to RMB 683.7 million in 2022, primarily due to reduced advertising spending by automakers[84] - Revenue from other operating businesses (including Pacific Fashion Network, Pacific Parenting Network, and Pacific Home Network) decreased by 26.5% from RMB 43.5 million in 2021 to RMB 32 million in 2022, primarily due to reduced overall consumption in these industries[85] - Cost of revenue increased by 6.6% from RMB 452.8 million in 2021 to RMB 482.6 million in 2022, driven by higher outsourcing production costs and employee costs, despite a decrease in service commissions paid to advertisers[85] - Administrative expenses decreased by 18.2% from RMB 78.8 million in 2021 to RMB 64.5 million in 2022, mainly due to reduced employee costs and overall office expenses[87] - Other income increased from RMB 11.3 million in 2021 to RMB 15.6 million in 2022, primarily due to higher government subsidies and tax refunds[88] - Income tax expenses surged by 188.5% from RMB 1.4 million in 2021 to RMB 4 million in 2022[90] - The company reported a net loss attributable to equity holders of RMB 6.7 million in 2022, compared to a net profit of RMB 49.9 million in 2021[91] - Revenue from the Pacific Computer Network increased by 6.8% from RMB 91.7 million in 2021 to RMB 98 million in 2022, driven by higher demand from consumer electronics manufacturers[107] - Sales and marketing expenses decreased by 10.1% from RMB 210.5 million in 2021 to RMB 189.2 million in 2022, mainly due to reduced advertising and employee benefit expenses[109] - Net impairment losses on trade receivables and other receivables decreased by 62.3% from RMB 45 million in 2021 to RMB 16.9 million in 2022, primarily due to the collection of certain long-term receivables during the year[111] - Net financing income increased by 88.7% from RMB 6.9 million in 2021 to RMB 13 million in 2022, mainly due to higher foreign exchange gains and bank interest income[113] - Product development expenses decreased by 2.4% from RMB 66.7 million in 2021 to RMB 65.1 million in 2022, primarily due to personnel-related costs for the R&D team[141] - The company recorded a net loss of RMB 26.9 million in 2022 due to fair value loss on a passive equity investment in a fund, compared to a net gain of RMB 36.7 million in 2021[143] - As of December 31, 2022, the company held short-term deposits and cash totaling RMB 400 million, a decrease from RMB 481.8 million in 2021[145] - Net cash from operating activities in 2022 was RMB 21.7 million, a significant decrease from RMB 129.6 million in 2021[145] - Net cash from investing activities in 2022 was RMB 97.1 million, an increase from RMB 61.8 million in 2021[145] - Net cash used in financing activities in 2022 was RMB 113.9 million, compared to RMB 157.9 million in 2021[145] - The company had no bank borrowings as of December 31, 2022, resulting in a debt-to-equity ratio of zero[146] - The company did not make any significant acquisitions or disposals of subsidiaries or associates during 2022[147] - The company had no pledged bank deposits or other assets for bank financing as of December 31, 2022[148] - The company's operations are primarily conducted in China, with most transactions denominated and settled in RMB, resulting in minimal foreign exchange risk[149] Corporate Governance - The company has adopted the principles of the Corporate Governance Code as set out in Appendix 14 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")[161] - The Board retains decision-making authority over all significant matters, including approval and oversight of policy affairs, overall strategy and budget, internal control and risk management systems, major transactions (especially those involving conflicts of interest), financial information, appointment of directors, and other major financial and operational matters[163] - The Board has complied with the Listing Rules requirement to appoint at least three independent non-executive directors (constituting at least one-third of the Board), with at least one independent non-executive director possessing appropriate professional qualifications and accounting or related financial management expertise[165] - The Chairman and CEO, Dr. Lin Huairen, is also a co-founder of the group, bringing extensive experience in the internet industry, which the Board believes provides strong and consistent leadership for efficient and effective business planning, decision-making, and execution of long-term business strategies[168] - All directors are subject to retirement by rotation at least once every three years and are eligible for re-election at the company's annual general meeting, with any new directors appointed to fill a casual vacancy or as an addition to the Board being subject to re-election at the first annual general meeting following their appointment[169] - Directors are encouraged to participate in applicable continuing professional development to update their knowledge and skills, ensuring informed and relevant contributions to the Board, with the company arranging internal briefings and providing relevant reading materials as appropriate[171] - The company will notify its directors and relevant employees in advance of any restricted periods for trading in the company's securities[173] - The company's Board of Directors has established four committees: Executive Committee, Audit Committee, Remuneration Committee, and Nomination Committee, each with written terms of reference published on the company's website and the Hong Kong Stock Exchange website[175] - The Executive Committee, chaired by Dr. Lin Huairen, oversees the execution of strategic plans and the operations of all business units within the group[175] - The Audit Committee is responsible for reviewing financial statements, monitoring the independence and objectivity of external auditors, and ensuring the effectiveness of the audit process[177] - The Remuneration Committee's data shows that 2 executives fall within the remuneration range of HKD 0 to HKD 2,000,000, and 3 executives fall within the range of HKD 2,000,001 to HKD 4,000,000[180] - The company's Board of Directors ensures transparency and accountability in operations and continuously reviews corporate governance practices to comply with legal and professional standards[185][186] - The Board of Directors is responsible for the overall management and control of the company, approving strategic policies and plans to enhance shareholder value[187] - The company has effective mechanisms to ensure the Board receives independent opinions, including timely access to relevant information and the ability to seek independent professional advice[194] - The company's Chairman and CEO roles are currently held by the same individual, Dr. Lin Huairen, and the Board believes this structure does not compromise the balance of power between the Board and management[196] - All executive directors have entered into three-year service agreements with the company, and independent non-executive directors have been issued three-year appointment letters[197] - Newly appointed directors receive immediate induction to ensure they understand the group's business, operations, and their duties under regulatory requirements[200] Investments and Financial Assets - The company's financial asset investment at the end of 2022 was RMB 40.6 million, including RMB 8.753 million in cryptocurrency investments[77] - The auditor issued a qualified opinion regarding the fair value of cryptocurrency investments, which amounted to RMB 8.753 million at the end of 2022[79] - The company redeemed USD 4.989 million (RMB 31.924 million) in 2021 and received a total of USD 557,000 in dividends from 2016 to 2022[77] Strategic Focus and Market Trends - The company expects the impact of COVID-19 on its business to be in the past and plans to focus on the new energy vehicle market and the "smart home" segment in 2023[81] - Pacific Computer Network expanded partnerships with high-tech home appliance manufacturers and maintained its position as a leading consumer electronics content provider[76] - The company's environmental, social, and governance (ESG) initiatives include maintaining a loyal user base and building harmonious relationships with stakeholders[54] Content Management and Compliance - The company has implemented a content review process to handle illegal and inappropriate content, with a dedicated department for classification, screening, and verification[37][38] Office Management and Sustainability - The company's headquarters consists of three office buildings with a total floor area of approximately 30,000 square meters, surrounded by a 5,000 square meter garden[28] - The company has adopted an office automation system to minimize excessive printing and closely monitors the number of annual reports printed to avoid waste[18] - The company has implemented policies to minimize environmental impact, such as turning off office equipment when not in use and maximizing the use of digital devices for internal communication[16] Employee Benefits and Welfare - The company provides a comprehensive range of employee benefits, including fixed income, floating income, statutory benefits, and employee care programs[22] Supplier Management - The company has 529 approved suppliers, a decrease from 728 in the previous year, all of which are based in China[36]