FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 高山企業有限公司 (「本公司」) 呈交日期： 2025年12月1日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00616 | 說明 | 不適用 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | ...

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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 高山企業有限公司 (「本公司」) 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) | 00616 | 說明 | 不適用 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 40,000,000,000 | HKD | | 0.01 | HKD | | 400,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 40,000,000,000 | HKD | | 0.01 | HKD | | 400,000,000 | 本月底法定/註冊股 ...

Core Insights - The company reported a revenue of HKD 31.138 million for the six months ending September 30, 2025, representing an increase of 85.93% year-on-year [1] - The loss attributable to shareholders was approximately HKD 27.134 million, a decrease of 88.85% compared to the previous year [1] - The basic loss per share was HKD 0.03 [1] Financial Performance - Revenue from continuing operations reached HKD 31.138 million, marking a significant year-on-year growth of 85.93% [1] - The net loss attributable to shareholders decreased significantly, indicating improved financial health [1] - The basic loss per share was reported at HKD 0.03, reflecting the company's efforts to reduce losses [1] Factors Influencing Performance - The reduction in comprehensive net loss was primarily due to a decrease in fair value losses on investment properties [1] - There was a reduction in net write-offs for properties held for sale and development properties [1] - Losses related to the revision of convertible bond terms decreased, alongside reduced financing costs and net gains from fair value changes in financial assets [1]

Core Viewpoint - The company reported a significant increase in revenue and a notable reduction in losses for the interim period ending September 30, 2025, indicating improved operational performance and financial health [1]. Financial Performance - The company achieved a revenue of HKD 31.138 million, representing an increase of 85.93% year-on-year [1]. - The loss attributable to shareholders was approximately HKD 27.134 million, which is a decrease of 88.85% compared to the previous year [1]. - The basic loss per share was HKD 0.03 [1]. Factors Influencing Performance - The reduction in comprehensive net loss was primarily due to a decrease in the fair value loss of investment properties [1]. - There was a reduction in the net write-off of properties held for sale and development properties [1]. - Losses from the revised terms of convertible bonds decreased [1]. - Financing costs were reduced [1]. - There was a net gain from the fair value changes of financial assets measured at fair value through profit or loss [1].

Financial Performance - The Group's unaudited consolidated loss attributable to shareholders for the six months ended 30 September 2025 was approximately HK$27,134,000, a significant decrease from a loss of approximately HK$243,368,000 in the corresponding period of 2024, representing a reduction of about 88.8%[3]. - The unaudited consolidated loss from continuing operations for the Period was approximately HK$26,952,000, compared to a loss of approximately HK$237,712,000 in the 2024 Period, indicating a decrease of about 88.6%[3]. - The basic and diluted loss per share for the Period was approximately HK$0.03, a significant improvement compared to approximately HK$0.77 and HK$0.75 in the 2024 Period[4]. - Loss before taxation decreased to HK$27,510,000 from HK$244,297,000, indicating a substantial improvement in financial performance[131]. - The loss for the period from continuing operations was HK$26,952,000, compared to HK$237,712,000 in the previous year, marking a reduction of 88.6%[131]. - Total comprehensive expense attributable to owners of the Company for the period was HK$28,047,000, down from HK$236,745,000, a decrease of 88.2%[133]. Revenue and Income - Revenue for the six months ended September 30, 2025, was HK$31,138,000, a significant increase from HK$16,747,000 in the same period of 2024, representing an increase of 86.1%[131]. - The total rental income from continuing operations increased by approximately 15.9% to approximately HK$18,360,000 for the Period, up from approximately HK$15,835,000 in the 2024 Period[18]. - The Group recorded property rental income of approximately HK$18,360,000 for the period, representing an increase of about 15.9% compared to HK$15,835,000 in the previous period, primarily due to rental income from the Mody Road project[23]. - The Group's property rental income in Hong Kong for the Period was approximately HK$18,360,000, primarily driven by the Project Matheson Street[21]. Assets and Liabilities - As of September 30, 2025, the Group's total assets amounted to approximately HK$4,888,190,000, an increase from approximately HK$4,842,030,000 as of March 31, 2025[50]. - The Group's net assets as of September 30, 2025, were HK$2,786,738,000, down from HK$2,814,785,000 as of March 31, 2025[136]. - The Group's total bank borrowings were approximately HK$1,941,188,000 as of September 30, 2025, compared to approximately HK$1,892,260,000 as of March 31, 2025[51]. - The secured bank borrowings increased to HK$1,626,841,000 as of September 30, 2025, compared to HK$1,575,285,000 as of March 31, 2025[136]. - The outstanding principal amount of loans receivable as of September 30, 2025, was approximately HK$23,481,000, down from approximately HK$29,578,000 as of March 31, 2025[34]. Investments and Securities - The Group achieved a fair value gain in securities and other investments from continuing operations of approximately HK$9,368,000, compared to a loss of approximately HK$23,180,000 in the previous period[25]. - As of September 30, 2025, the Group's investment in equity securities listed in Hong Kong amounted to approximately HK$31,620,000, down from approximately HK$41,531,000 as of March 31, 2025[26]. - The Group's securities investment portfolio comprised seven equity securities as of September 30, 2025, down from eight as of March 31, 2025[26]. - The Group received dividend income from listed securities investments of approximately HK$41,000 during the period, compared to approximately HK$37,000 in the previous period[25]. Development Projects - The Group has ongoing property development projects, including "THE HEDON" and "One Two One," with occupation permits obtained in February 2024 and May 2024, respectively[10][11]. - The Group is considering a change of development plan for the Fung Wah Factorial Building site due to current market conditions[17]. Loans and Financing - Interest income from loan financing business decreased by approximately 19.5% to HK$549,000 from HK$682,000 in the previous period[33]. - The Group recognized an impairment allowance of approximately HK$297,000 in its loan financing business from continuing operations, a decrease from HK$616,000 in the previous period[34]. - Approximately 67% of the loans receivable were secured by properties with estimated fair values of HK$16,865,000 as of September 30, 2025[40]. - The allowance for loans receivable increased to approximately HK$1,319,000 as of September 30, 2025, up from approximately HK$1,022,000 as of March 31, 2025[41]. Corporate Governance and Risk Management - The Board has reviewed the effectiveness of the Group's risk management and internal control systems, finding them effective and adequate, with no major issues identified[110]. - The Company has fully complied with the Corporate Governance Code, ensuring diligence, accountability, and professionalism[106]. - The Group does not have an internal audit function but maintains sufficient risk management and internal control through its existing structure[110]. - The Company has adopted the Model Code for Securities Transactions by Directors, with all Directors confirming compliance throughout the period[111]. Employee and Operational Costs - As of September 30, 2025, the Group had 36 employees, with staff costs amounting to approximately HK$12,604,000, a decrease from HK$13,653,000 in the previous period[97]. - Total staff costs for the six months ended 30 September 2025 were HK$12,604,000, down from HK$13,653,000 in 2024, reflecting a decrease of approximately 7.7%[166]. Share Capital and Dividends - No interim dividend was recommended for the Period, consistent with the 2024 Period[7]. - The group issued 676,296,232 rights shares at a subscription price of HK$0.092 per share, raising HK$62,219,000 before expenses for repayment of bank loans and general working capital[196]. - The group’s issued and fully paid share capital increased to HK$10,144,000 as of September 30, 2025, from HK$6,763,000 as of March 31, 2025, reflecting a growth of 49.5%[195]. Market Outlook - The Group remains prudently optimistic about the prospects of the property and securities markets in Hong Kong despite global economic uncertainties[100]. - The Company will continue to seek appropriate investment and divestment opportunities to enhance its property portfolio and ensure long-term benefits[101].

高山企業有限公司 EMINENCE ENTERPRISE LIMITED NOTIFICATION LETTER 通知信函 25 November 2025 Dear Non-registered Holder (Note 1) , EMINENCE ENTERPRISE LIMITED (the "Company") – Notice of publication of the circular regarding very substantial acquisition, connected transaction, issue of convertible note under specific mandate and notice of the SGM (the "Current Corporate Communications") The Company's Current Corporate Communications (both English and Chinese versions) is available on the Company's website at www.eminence ...

高山企業有限公司 EMINENCE ENTERPRISE 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: 616) NOTIFICATION LETTER 通知信函 25 November 2025 Dear Shareholder(s), EMINENCE ENTERPRISE LIMITED (the "Company") – Notice of publication of the circular regarding very substantial acquisition, connected transaction, issue of convertible note under specific mandate and notice of the SGM (the "Current Corporate Communications") The Company's Current Corporate Communications (both English and Ch ...

EMINENCE ENTERPRISE LIMITED 高山企業有限公司 （於百慕達註冊成立之有限公司） （股份代號：616） 將 於2025年12月15日（星 期 一）舉 行 之 股 東 特 別 大 會 及其任何續會適用之 代表委任表格 本人╱吾等 （附註1） ， 地址為 ， 高 山 企 業 有 限 公 司（「本公司」）股 本 中 每 股 面 值0.01港 元 之 普 通 股（「股 份」）共 （附註2） 之登記持有人，茲委任 （附註3） 地址為 ， 日期：2025年 簽 署 （附註5） ： 附註： 收集個人資料聲明 本代表委任表格之中英文版本如有任何歧義，概以英文版本為準。 股 或（如其未克出席）本公司股東特別大會（「股東特別大會」）主席（「主席」）為本人╱吾等之代表，代表本人╱ 吾等出席訂於2025年12月15日（星 期 一）上 午9時30分假座香港九龍長沙灣青山道481–483號香港紗廠 大廈第6期7樓A座 舉 行 之 大 會（或 其 任 何 續 會），藉 以 考 慮 並 酌 情 通 過（無 論 有 否 經 過 修 訂）日 期 為2025 年11月25日之召開股東特別大會之通告（「通告」）所載之決議案代 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本通告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 EMINENCE ENTERPRISE LIMITED 高山企業有限公司 （於百慕達註冊成立之有限公司） (a) 批 准、確 認 及 追 認 本 公 司 根 據 買 賣 協 議（其 副 本 已 提 呈 至 股 東 特 別 大 會 並 由 股 東 特 別 大 會 主 席 簡 簽，以 資 識 別）的 條 款 及 條 件 收 購 出 售 公 司 以 及 其 項 下 擬進行的交易（包括但不限於發行2025年可換股票據及當中所述的轉換股份）； (b) 待 達 成 買 賣 協 議 的 條 件 後，批 准2025年可換股票據所附轉換權獲行使後發 行轉換股份；及 (c) 任 何 一 名 或 兩 名 董 事 代 表 本 公 司、以 其 名 義 簽 署 及 執 行 或 獲 取 其 簽 署 及 執 行一切有關文件、文據及協議，以及作出其或彼等全權酌情認為屬必要、適 宜或權益的一切有關行動、事宜或事宜，以執行、實施、完成及落實 ...

此乃要件 請即處理 閣下如 對本通函任何方面或應採取之行動 有任何疑問，應諮詢 閣 下 之 持 牌 證 券 交 易 商、註 冊 證 券 機構、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓 名下所有高山企業有限公司證券，應立即將本通函連同隨附之代表委任表格送 交 買 主 或 承 讓 人 或 經 手 買 賣 或 轉 讓 之 銀 行、持 牌 證 券 交 易 商、註 冊 證 券 機 構 或 其 他 代 理，以 便 轉 交 買主或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本通函全部或任何部分內容而產生或因倚賴該等內容 而引致之何損失承擔任何責任。 本通函僅供參考，並不構成收購、購買或認購高山企業有限公司證券之邀請或要約。 EMINENCE ENTERPRISE LIMITED 高山企業有限公司 （於百慕達註冊成立之有限公司） （股份代號：616） 非常重大收購事項、 關連交易、 根據特別授權發行可換股票據 及 股東特別大會通告 獨立董事委員會及獨立股東之 獨立財務顧問 本封面所用詞彙具有與本通函所界定者相同 ...