本公佈乃彩星集團有限公司（「本公司」，連同其附屬公司為「本集團」）根據香 港聯合交易所有限公司證券上市規則（「上市規則」）第 13.09(2)(a)條及香港法例第 571 章證券及期貨條例第 XIVA 部之內幕消息條文（如上市規則所定義）而刊發。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不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之任何損失承擔任何責任。 PLAYMATES HOLDINGS LIMITED 彩星集團有限公司* ( 於百慕達註冊成立之有限公司 ) (股份代號：635) 盈利警告 謹此提述本公司日期為二零二五年五月七日之公佈（「上一份公佈」），關於本集 團截至二零二五年三月三十一日止三個月之未經審核業績。 本公司董事會（「董事會」）謹此通知本公司股東及投資者，根據本集團截至二零 二五年六月三十日止六個月（「該期間」）的初步未經審核財務業績，本集團該期 間之未經審核收入約港幣二億六千一百萬元，相對於二零二四同期的收入為港幣五 億二千七百萬元；預期本集團錄得淨虧損約港幣二億一千八百萬元，相對於二零二 ...

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 | 狀態: 新提交 | | --- | | 截至月份: 2025年7月31日 | 致：香港交易及結算所有限公司 公司名稱: 彩星集團有限公司 呈交日期: 2025年8月4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) | 00635 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 30,000,000,000 | HKD | | 0.01 HKD | | 300,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 30,000,000,000 | HKD | | 0.01 HKD | | 300,000,000 | 本月底法定/註冊股本 ...

格隆汇8月1日丨彩星集团(00635.HK)宣布，公司将于2025年8月15日(星期五)下午十二时三十分于香港 九龙尖沙咀广东道100号彩星集团大厦11楼举行董事会会议，藉以(其中包括)通过公司及其附属公司截 至2025年6月30日止六个月的中期业绩公布及其刊发，以及考虑派发中期股息(如有)。 ...

承董事會命 吳家欣 公司秘書 香港，二零二五年八月一日 截至本公佈日期，本公司董事會包括以下董事： 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚賴該 等內容而引致之任何損失承擔任何責任。 PLAYMATES HOLDINGS LIMITED 彩星集團有限公司* ( 於百慕達註冊成立之有限公司 ) (股份代號：635) 董事會召開日期 彩星集團有限公司(「本公司」)之董事會(「董事會」)謹此宣佈，本公司將於二零 二五年八月十五日(星期五)下午十二時三十分於香港九龍尖沙咀廣東道 100 號彩星 集團大廈 11 樓舉行董事會會議，藉以(其中包括)通過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中期業績公佈及其刊發，以及考慮派發中期股息 (如有)。 陳光輝先生( 主席 )、陳凱倫小姐( 執行董事 )、陳光強先生( 執行董事 )、李嘉士先生 ( 非執行董事 )、羅啟耀先生( 獨立非執行董事 )、柯清輝博士 ( 獨立非執行董事 ) 及詹 德慈先生( 獨立非執行董事 ) * 僅供識別 ...

Group 1 - The core viewpoint of the announcement is that 彩星集团 (Cai Xing Group) reported a significant decline in revenue and profit for the three months ending March 31, 2025, with unaudited revenue of approximately HKD 123 million, down from HKD 261 million in the same period of 2024 [1] - The unaudited profit before tax for the period was approximately HKD 14 million, compared to HKD 91 million in the same period of 2024, indicating a substantial decrease in profitability [1] - The primary reason for the decline was attributed to the performance of its major subsidiary, 彩星玩具集团 (Cai Xing Toy Group), which reported unaudited revenue of approximately HKD 85 million, down from HKD 221 million in the same period of 2024 [1] Group 2 - 彩星玩具集团 experienced an unaudited loss before tax of approximately HKD 12 million, compared to an unaudited profit before tax of HKD 65 million in the same period of 2024 [1] - The revenue decline was influenced by several factors, including the lack of a major film release like "Godzilla X Kong: New Empire" in March 2024, which previously boosted product shipments, and a slowdown in demand for the "Ninja Turtles" product line due to the absence of significant entertainment events [1] - Additionally, the company incurred increased costs for product development, molds, and media production in preparation for upcoming new products, along with a net loss of approximately HKD 6.7 million from listed securities investments, contrasting with a net profit of HKD 12.9 million in 2024 [1]

Financial Performance - For the fiscal year ending December 31, 2024, Playmates Holdings reported a global revenue of HKD 1.0922 billion, a decrease of 14.1% compared to HKD 1.2716 billion in 2023[10] - The operating profit before property revaluation loss was HKD 203 million, down from HKD 324.7 million in the previous year, representing a decline of 37.5%[10] - The group recorded a property revaluation loss of HKD 539.9 million, compared to a loss of HKD 184.1 million in 2023[10] - The net loss attributable to shareholders was HKD 382.3 million, contrasting with a profit of HKD 10.3 million in 2023, resulting in a basic loss per share of HKD 0.1848[10] - The net asset value per share as of December 31, 2024, was HKD 2.71, down from HKD 2.93 in 2023[10] - Global revenue for the toy segment was HKD 931 million, a decrease of 16% from HKD 1.119 billion in the previous year[15] - Gross profit margin for toy sales decreased to 54% from 57% in the previous year, attributed to higher discounts and a shift towards lower-margin products[15] - Operating profit for the toy segment was HKD 94 million, down from HKD 210 million in the previous year[16] - Net profit for the toy segment was HKD 132 million, compared to HKD 224 million in the previous year[16] Property Investment and Management - The property investment and management segment achieved a revenue of HKD 157.4 million, an increase of 1.3% from HKD 155.3 million in 2023[11] - Total rental income from investment properties was HKD 136 million, an increase of 1.8% compared to HKD 133.6 million in the previous year[12] - Overall occupancy rate decreased to 60.3% from 74% in the previous year[12] - The fair value of the group's investment properties was HKD 4.4 billion, down from HKD 4.9 billion in 2023[11] Future Outlook - The company anticipates challenges in 2025 due to the lack of benefits from the "Godzilla x Kong: New Empire" movie, which was expected to drive consumer interest[7] - A new "Power Rangers" product line is set to launch in summer 2025, which is expected to positively contribute to the business in the second half of the year[7] - The company expects the economic growth in Hong Kong to be stimulated by potential interest rate cuts, which may benefit future performance[8] Investment Portfolio - The investment portfolio's fair market value was HKD 109.1 million, an increase from HKD 95.3 million in the previous year, representing 1.8% of total assets[21] - The group recorded a net investment income of HKD 31.5 million in 2024, compared to HKD 12.9 million in 2023, representing a significant increase[22] - Dividend and interest income from the investment portfolio amounted to HKD 59.4 million in 2024, up from HKD 43.7 million in 2023, indicating a growth of approximately 36%[22] Corporate Governance - The audit committee consists of four non-executive directors, ensuring effective oversight of the company's audit and internal controls[86] - The company has adopted the corporate governance code and complies with all applicable provisions, except for the separation of roles between the chairman and CEO[90] - The board consists of three executive directors and four non-executive directors, with three being independent non-executive directors, exceeding the requirement of one-third independence[98] - All independent non-executive directors confirmed their independence according to the listing rules, ensuring effective corporate governance[95] - The company has established a clear remuneration policy for non-executive directors, ensuring no performance-related equity compensation is granted to independent non-executive directors[110] Risk Management - The company has established a risk management and internal control system to identify current risks and implement necessary measures to mitigate them[34] - The board is responsible for maintaining a robust risk management and internal control system to protect shareholder interests and company assets[119] - The risk management framework is integrated into daily business activities, including business planning and internal controls[120] - The board conducted an annual review of the risk management and internal control systems, finding them effective and sufficient without identifying significant issues affecting financial, operational, compliance, and risk management functions[122] Environmental, Social, and Governance (ESG) - The environmental, social, and governance (ESG) report outlines the company's performance and measures in these areas for the year ending December 31, 2024[133] - The company is committed to continuous improvement in its environmental, social, and governance performance based on stakeholder feedback[141] - The company has established a corporate social responsibility policy focusing on four pillars: business, employees, community, and environment[137] - The company is actively monitoring climate-related risks and has developed a business continuity plan to mitigate impacts from climate-related disasters[177] Employee Management - The total number of employees at the end of the reporting period was 83[161] - The overall employee turnover rate for 2024 was 15.66%, with male turnover at 19.05% and female turnover at 12.20%[163] - Employee training hours totaled 357, with an average of 4.30 hours per employee, and 59.04% of employees receiving training[170] - The company emphasizes a healthy and safe work environment, with no known violations of safety regulations during the reporting period[164] Shareholder Communication - The company emphasizes the importance of effective communication with shareholders and has a shareholder communication policy that is reviewed annually[127] - The company provides monthly updates on business performance and outlook to all directors, supporting their decision-making responsibilities[100]

Financial Performance - The company's revenue for the year ended December 31, 2024, was USD 140.03 million, a decrease of 10.5% compared to USD 156.00 million in 2023[2] - Gross profit for the same period was USD 82.75 million, down 25.5% from USD 111.00 million in 2023[2] - The company reported a net loss of USD 40.71 million for the year, compared to a profit of USD 120.38 million in 2023, representing a significant decline[3] - Basic and diluted loss per share was USD 2.37, compared to earnings of USD 0.50 per share in the previous year[3] - Total revenue for the year ended December 31, 2024, was HKD 1,092,218,000, a decrease of 14.1% from HKD 1,271,590,000 in 2023[11] - Revenue from toy sales was HKD 931,334,000 in 2024, down 16.1% from HKD 1,109,399,000 in 2023[11] - The property investment and management segment reported a loss before tax of HKD 436,776,000 in 2024, compared to a loss of HKD 92,876,000 in 2023[16][18] - Net income before tax for 2024 was a loss of HKD 382,276,000, compared to a profit of HKD 10,340,000 in 2023[36] Assets and Liabilities - Total assets decreased to USD 589.66 million from USD 634.84 million in 2023, reflecting a decline of approximately 7.1%[4] - Current liabilities decreased to USD 55.02 million from USD 65.41 million in 2023, a reduction of about 15.9%[4] - Total assets as of December 31, 2024, were HKD 6,067,926,000, a decrease from HKD 6,777,605,000 in 2023[20][22] - The total liabilities as of December 31, 2024, were HKD 472,562,000, down from HKD 711,518,000 in 2023[20][22] - The company's asset-to-liability ratio was 2.9% as of December 31, 2024, down from 3.4% in 2023, while the current ratio improved to 3.4 from 2.5[61] Cash and Investments - The company's cash and bank deposits increased slightly to USD 141.40 million from USD 141.00 million in 2023[4] - The company's cash and bank deposits stood at HKD 1,102.89 million as of December 31, 2024, slightly up from HKD 1,094.93 million in 2023[63] - The company recorded net investment income of HKD 31.5 million in 2024, up from HKD 12.9 million in 2023, with dividend and interest income from the investment portfolio amounting to HKD 59.4 million[58] - As of December 31, 2024, the fair value of the investment portfolio was HKD 101.9 million, an increase from HKD 95.3 million in 2023, representing 1.8% of total assets[57] Revenue Sources - Revenue from the Americas, specifically the US, was HKD 653,368,000, down 14.7% from HKD 765,746,000 in 2023[25] - Major customers contributed approximately HKD 283,011,000 and HKD 215,710,000 to total revenue, representing a decrease from HKD 292,271,000 and HKD 262,184,000 in 2023[26] - The global revenue for the toy segment was HKD 931 million, a decrease of 16% from HKD 1.109 billion in 2023, primarily due to lower sales of the "Teenage Mutant Ninja Turtles" toy series[48] Dividends and Shareholder Value - The company declared an interim dividend of HKD 93,060,000 for 2024, consistent with the previous year's HKD 93,150,000[32] - The board declared an interim dividend of HKD 0.015 per share and a special interim dividend of HKD 0.015 per share, payable on April 24, 2025[67] - The company repurchased 2 million shares at prices ranging from HKD 0.56 to HKD 0.57 per share during the year, with the repurchased shares being cancelled to enhance shareholder value[64] Future Outlook and Strategy - The company plans to continue focusing on the development and marketing of new toy products to drive future growth[14] - The company anticipates challenges in 2025 due to the absence of major entertainment events supporting the "Teenage Mutant Ninja Turtles" or "Godzilla x Kong" product lines, while a new "Power Rangers" product line is expected to provide some support in the second half of the year[51] - The company signed a global licensing agreement with Hasbro to produce and distribute "Power Rangers" toys, with the new product line set to ship in summer 2024[54] Operational Metrics - The overall occupancy rate as of December 31, 2024, was 60.3%, down from 74% in 2023[42] - Trade receivables decreased to HKD 138,475,000 in 2024 from HKD 330,521,000 in 2023, indicating a reduction in outstanding customer payments[37] - Trade payables also decreased to HKD 23,274,000 in 2024 from HKD 91,390,000 in 2023, reflecting improved cash management[38] - The gross margin for toy sales decreased to 54% from 57% in 2023, attributed to higher discounts and a shift towards lower-margin products[48] - Research and development expenses increased slightly to HKD 31,535,000 in 2024 from HKD 30,803,000 in 2023, indicating continued investment in innovation[29]

[Management Discussion and Analysis](index=1&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an overview of the Group's financial performance and operational highlights across its key business segments, including property, toys, and investments [Overview](index=1&type=section&id=Overview) In H1 2024, the Group's total revenue increased by 23.3% to HK$527 million, driven by strong performance in the toy business, but a significant HK$250 million revaluation loss on investment properties led to a net loss of HK$160 million attributable to owners, despite maintaining an interim dividend of HK$0.015 per share Key Financial Indicators for H1 2024 | Indicator | 2024 H1 (HK$ Thousand) | 2023 H1 (HK$ Thousand) | Change | | :--- | :--- | :--- | :--- | | Group Revenue | 526,666 | 427,006 | +23.3% | | Gross Profit | 324,137 | 259,934 | +24.7% | | Net (Loss)/Gain on Revaluation of Investment Properties | (249,529) | 4,123 | N/A | | Operating (Loss)/Profit | (121,081) | 120,219 | N/A | | (Loss)/Profit Attributable to Owners of the Company | (159,880) | 96,291 | N/A | | (Loss)/Earnings Per Share (HK Cents) | (7.72) | 4.65 | N/A | | Interim Dividend Per Share (HK Cents) | 1.50 | 1.50 | Unchanged | [Property Investment and Management](index=2&type=section&id=Property%20Investment%20and%20Management) The Property Investment and Management segment's revenue slightly increased by 3.3% to HK$79.3 million, but a HK$249.5 million net revaluation loss on investment properties (compared to a HK$4.1 million gain last year) resulted in an operating loss of HK$190 million for the segment Property Investment and Management Segment Performance | Indicator | 2024 H1 (HK$ Thousand) | 2023 H1 (HK$ Thousand) | | :--- | :--- | :--- | | Revenue | 79,339 | 76,792 | | Net (Loss)/Gain on Revaluation of Investment Properties | (249,529) | 4,123 | | Segment Operating (Loss)/Profit | (190,320) | 58,800 | [Property Investment](index=3&type=section&id=(a)%20Property%20Investment) The Group's investment property portfolio, primarily Hong Kong commercial, residential, and industrial properties, has a total fair value of HK$4.7 billion, with total rental income increasing 3.9% to HK$68.5 million, though overall occupancy decreased from 74% to 68% - Key investment properties include Star Group Centre on Canton Road, several residential units in Mid-Levels on Macdonnell Road, and Star Industrial Building in Tuen Mun. Overseas properties constitute **8.3%** of the portfolio's fair value[3](index=3&type=chunk) - Total rental income amounted to **HK$68.5 million**, representing a **3.9% increase** compared to the same period last year[3](index=3&type=chunk) - The overall occupancy rate for investment properties was approximately **68%**, a decrease from **74%** at the end of 2023[3](index=3&type=chunk) [Property Management](index=5&type=section&id=(b)%20Property%20Management) Property management services, handled by Savills, generated HK$10.8 million in revenue during the period, a slight decrease of 0.9% from the prior year - Property management business revenue was **HK$10.8 million**, a **0.9% year-on-year decrease**[7](index=7&type=chunk) [Playmates Toys](index=5&type=section&id=Playmates%20Toys) Playmates Toys demonstrated strong performance with global revenue surging 28% year-on-year to HK$445 million, primarily driven by the successful launch of "Godzilla x Kong" toys offsetting a decline in "Teenage Mutant Ninja Turtles" sales due to high base effects, while gross margin improved from 54% to 56% and operating profit grew 21.7% to HK$68.4 million Playmates Toys Segment Performance | Indicator | 2024 H1 (HK$) | 2023 H1 (HK$) | | :--- | :--- | :--- | | Global Revenue | 445 million | 347 million | | Gross Margin | 56% | 54% | | Operating Profit | 68.4 million | 56.2 million | - The second half of the year is expected to face challenges from tight household budgets and a high comparative base from last year's "Teenage Mutant Ninja Turtles" movie release, but the company remains optimistic about the long-term prospects of "Teenage Mutant Ninja Turtles" and new brands under development for 2025/2026[9](index=9&type=chunk) [Brand Overview](index=6&type=section&id=Brand%20Overview) Core brands continue to evolve with expanding product lines, including Paramount's ongoing production of a "Teenage Mutant Ninja Turtles: Mutant Mayhem" movie sequel and animated series, sustained toy sales driven by the successful "Godzilla x Kong: The New Empire" film, and a new agreement with Hasbro for "Power Rangers" toys launching in Fall 2025 - "Teenage Mutant Ninja Turtles": A movie sequel and the spin-off animated series "Tales of The Teenage Mutant Ninja Turtles" are in production, with the latter set to premiere in **August 2024**[10](index=10&type=chunk) - "Godzilla x Kong": As a major global licensee, the product line is being expanded to meet strong sales driven by the movie[11](index=11&type=chunk) - "Power Rangers": A global licensing agreement has been signed with Hasbro, with plans to launch a new series of toy products in **Fall 2025**[12](index=12&type=chunk) [Portfolio Investments](index=7&type=section&id=Portfolio%20Investments) The portfolio investment business primarily invests in highly liquid listed equities, with a fair value of HK$98.4 million at period-end, representing 1.5% of the Group's total assets, and recorded a net investment gain of HK$18.5 million and dividend and interest income of HK$32.2 million during the period - As of June 30, 2024, the fair value of the investment portfolio was **HK$98.4 million**, a slight increase from **HK$95.3 million** at the end of 2023[13](index=13&type=chunk) - The investment portfolio includes Hong Kong and overseas listed securities, with top ten holdings comprising technology and consumer giants such as NVIDIA, Amazon, Apple, Microsoft, and Tencent Holdings[13](index=13&type=chunk) Portfolio Investment Income | Item | 2024 H1 (HK$ Thousand) | 2023 H1 (HK$ Thousand) | | :--- | :--- | :--- | | Net Investment Gain | 18,500 | 17,400 | | Dividend and Interest Income | 32,200 | 18,900 | [Condensed Consolidated Financial Information](index=7&type=section&id=Condensed%20Consolidated%20Financial%20Information) This section presents the Group's condensed consolidated financial statements, including the income statement, comprehensive income, balance sheet, cash flow, equity changes, and related notes [Condensed Consolidated Income Statement](index=7&type=section&id=Condensed%20Consolidated%20Income%20Statement) For the six months ended June 30, 2024, the Group reported revenue of HK$527 million, a 23.3% year-on-year increase, but a significant HK$250 million revaluation loss on investment properties led to an operating loss of HK$121 million and a net loss attributable to owners of HK$160 million, with a basic loss per share of HK$0.0772 Summary of Condensed Consolidated Income Statement | Item (HK$ Thousand) | 2024 H1 | 2023 H1 | | :--- | :--- | :--- | | Revenue | 526,666 | 427,006 | | Gross Profit | 324,137 | 259,934 | | Net (Loss)/Gain on Revaluation of Investment Properties | (249,529) | 4,123 | | Operating (Loss)/Profit | (121,081) | 120,219 | | (Loss)/Profit for the Period | (114,899) | 139,039 | | (Loss)/Profit Attributable to Owners of the Company | (159,880) | 96,291 | [Condensed Consolidated Statement of Comprehensive Income](index=8&type=section&id=Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) Building on a period loss of HK$115 million, the total comprehensive loss for the period amounted to HK$126 million after accounting for a HK$10.94 million exchange loss arising from the translation of overseas subsidiaries Summary of Condensed Consolidated Statement of Comprehensive Income | Item (HK$ Thousand) | 2024 H1 | 2023 H1 | | :--- | :--- | :--- | | (Loss)/Profit for the Period | (114,899) | 139,039 | | Other Comprehensive Income | (10,936) | 915 | | Total Comprehensive (Loss)/Income for the Period | (125,835) | 139,954 | [Condensed Consolidated Statement of Financial Position](index=9&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2024, the Group's total assets decreased to HK$6.387 billion from HK$6.778 billion at the end of 2023, primarily due to investment property revaluation losses, with total liabilities at HK$544 million, net assets at HK$5.843 billion, and cash and bank balances increasing to HK$1.15 billion Summary of Condensed Consolidated Statement of Financial Position | Item (HK$ Thousand) | 2024 H1 | 2023 H2 | | :--- | :--- | :--- | | Non-current Assets | 4,878,545 | 5,139,842 | | Current Assets | 1,508,301 | 1,637,763 | | **Total Assets** | **6,386,846** | **6,777,605** | | Current Liabilities | 488,951 | 650,665 | | Non-current Liabilities | 54,750 | 60,853 | | **Total Liabilities** | **543,701** | **711,518** | | **Net Assets** | **5,843,145** | **6,066,087** | [Condensed Consolidated Statement of Cash Flows](index=11&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) During the period, net cash generated from operating activities significantly improved to HK$169 million from HK$40.49 million in the prior year, cash flow from investing activities remained largely stable, while financing activities resulted in a net cash outflow of HK$148 million due to loan repayments and dividend payments, with cash and cash equivalents at period-end totaling HK$504 million Summary of Condensed Consolidated Statement of Cash Flows | Item (HK$ Thousand) | 2024 H1 | 2023 H1 | | :--- | :--- | :--- | | Net Cash Generated from Operating Activities | 168,952 | 40,487 | | Net Cash Generated from Investing Activities | 3,429 | 38,858 | | Net Cash Used in Financing Activities | (147,886) | (86,030) | | Net Increase/(Decrease) in Cash and Cash Equivalents | 24,495 | (6,685) | [Condensed Consolidated Statement of Changes in Equity](index=13&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) As of June 30, 2024, total equity attributable to owners of the company decreased by HK$233 million to HK$5.261 billion from HK$5.494 billion at the beginning of the year, primarily due to a total comprehensive loss of HK$171 million for the period and dividend payments and share repurchases totaling HK$62.27 million - Equity attributable to owners of the company decreased from **HK$5.494 billion** at the beginning of the year to **HK$5.261 billion** at period-end[21](index=21&type=chunk) - Key factors contributing to the decrease in equity include a total comprehensive loss of **HK$171 million** for the period, dividend payments of **HK$62.09 million**, and share repurchases of **HK$0.174 million**[21](index=21&type=chunk) [Notes to the Condensed Consolidated Financial Information](index=15&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Information) This section provides detailed notes to the financial statements, covering specific explanations and data breakdowns for key items such as basis of preparation, accounting policies, segment information, revenue, dividends, commitments, and related party transactions [Revenue and Segment Information](index=15&type=section&id=III.%20Revenue%20and%20Segment%20Information) The Group's revenue is categorized into three business segments: toy business, property investment and management, and investment business, with the toy business being the primary revenue source, accounting for 84.5% of total revenue, and the Americas being the largest market, contributing over 63% of revenue Revenue by Business Segment (HK$ Thousand) | Segment | 2024 H1 | 2023 H1 | | :--- | :--- | :--- | | Toy Business | 445,141 | 347,231 | | Property Investment and Management | 79,339 | 76,792 | | Investment Business | 2,186 | 2,983 | | **Total** | **526,666** | **427,006** | Revenue by Geographical Region (HK$ Thousand) | Region | 2024 H1 | 2023 H1 | | :--- | :--- | :--- | | Hong Kong | 81,629 | 79,072 | | Americas | 335,288 | 240,952 | | Europe | 90,536 | 80,498 | | Other Asia Pacific | 18,825 | 25,678 | | Others | 388 | 806 | | **Total** | **526,666** | **427,006** | [Dividends](index=24&type=section&id=VII.%20Dividends) The Board resolved to declare an interim dividend of HK$0.015 per share for 2024, consistent with the prior year, totaling approximately HK$31.05 million, payable on September 27, 2024 - An interim dividend of **HK$0.015 per share** was declared, consistent with the same period in 2023[38](index=38&type=chunk) [Share Capital](index=30&type=section&id=XV.%20Share%20Capital) For the six months ended June 30, 2024, the company repurchased and cancelled 310,000 of its own shares on the Stock Exchange for a total consideration of HK$0.174 million, reducing the issued share capital to 2,069,690,000 shares - During the period, the company repurchased **310,000 shares** for a total consideration of **HK$0.174 million**, at a price of **HK$0.56 per share**[50](index=50&type=chunk) - All repurchased shares have been cancelled, reducing the number of issued shares to **2,069,690,000**[49](index=49&type=chunk)[50](index=50&type=chunk) [Information Required by Listing Rules](index=35&type=section&id=Information%20Required%20by%20Listing%20Rules) This section provides disclosures mandated by the Listing Rules, including details on liquidity, share-based incentive plans, director and major shareholder interests, and corporate governance compliance [Liquidity and Financial Resources](index=35&type=section&id=Liquidity%20and%20Financial%20Resources) The Group maintains a sound financial position, with its gearing ratio (total bank borrowings/total tangible assets) decreasing to 2.8% as of June 30, 2024, from 3.4% at the year-end, and the current ratio improving from 2.5 to 3.1, supported by ample cash and bank balances of HK$1.15 billion, predominantly in USD Key Financial Ratios | Ratio | 2024 H1 | 2023 H2 | | :--- | :--- | :--- | | Gearing Ratio | 2.8% | 3.4% | | Current Ratio | 3.1 | 2.5 | - As of June 30, 2024, cash and bank balances totaled **HK$1.15 billion**, with approximately **93%** (**HK$1.068 billion**) denominated in USD[63](index=63&type=chunk) [Share Award Scheme](index=36&type=section&id=Share%20Award%20Scheme) The Company itself has not adopted any share award scheme, but its non-wholly owned subsidiary, Playmates Toys, adopted one in May 2023 with an authorized limit of 118 million shares, though no awards have been granted under the scheme since its adoption - The Company had no share award scheme during the period[64](index=64&type=chunk) - No share awards have been granted, vested, cancelled, or lapsed under the subsidiary Playmates Toys' share award scheme since its adoption[66](index=66&type=chunk) [Share Options](index=38&type=section&id=Share%20Options) The Company itself has no share option scheme; its subsidiary Playmates Toys' "2018 Playmates Toys Scheme" terminated in May 2023, ceasing new grants, but existing options remain valid, with no options granted, exercised, cancelled, or lapsed during the period - The Company had no share option scheme during the period[68](index=68&type=chunk) - The subsidiary Playmates Toys' 2018 Share Option Scheme has terminated, with no changes to any share options during the period[71](index=71&type=chunk)[73](index=73&type=chunk) [Directors' and Major Shareholders' Interests](index=40&type=section&id=Directors%27%20and%20Major%20Shareholders%27%20Interests) The report discloses directors' and major shareholders' interests in the company's shares, with Mr. Chan Chun Hoo, Thomas, considered a controlling shareholder, holding a combined 65.25% of the company's shares personally and through his company, TGC Assets Limited - Major shareholder Mr. Chan Chun Hoo, Thomas, is deemed to be interested in **1,350,400,000 shares** of the company, representing **65.25%** of the issued share capital[76](index=76&type=chunk) - TGC Assets Limited beneficially holds **1,078,400,000 shares**, representing **52.10%** of the issued share capital[76](index=76&type=chunk) [Repurchase, Sale or Redemption of Shares](index=42&type=section&id=Repurchase%2C%20Sale%20or%20Redemption%20of%20Shares) During the reporting period, the company repurchased and cancelled **310,000** of its own shares on the Stock Exchange for a total consideration of **HK$0.174 million**, at a repurchase price of **HK$0.56 per share** - The company repurchased **310,000 shares** at a price of **HK$0.56 per share** during the period[77](index=77&type=chunk) [Compliance with Corporate Governance Code](index=43&type=section&id=Compliance%20with%20Corporate%20Governance%20Code) The company complied with most provisions of the Corporate Governance Code during the reporting period, with one deviation from Code Provision C.2.1 regarding the separation of Chairman and Chief Executive Officer roles, as no CEO position exists and daily operations are jointly managed by executive directors, which the Board deems appropriate - There is a deviation from Code Provision C.2.1, where the roles of Chairman and Chief Executive Officer are not segregated, and no Chief Executive Officer has been appointed[78](index=78&type=chunk) [Company Information](index=44&type=section&id=Company%20Information) This section provides essential company details, including board members, company secretary, registered and principal office addresses, auditors, legal advisors, principal bankers, share registrars, and the company's stock code (635) and official website [Basic Company Information](index=44&type=section&id=Company%20Information) This section provides essential company details, including board members, company secretary, registered and principal office addresses, auditors, legal advisors, principal bankers, share registrars, and the company's stock code (635) and official website - The Chairman and Executive Director is **Chan Kwong Fai**[83](index=83&type=chunk) - The company's shares are listed on The Stock Exchange of Hong Kong Limited under stock code **635**[83](index=83&type=chunk)

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不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之任何損失承擔任何責任。 PLAYMATES HOLDINGS LIMITED 彩星集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：635） 截至二零二四年六月三十日止六個月 之中期業績公佈 管理層討論及分析 概覽 | --- | --- | --- | |-------------------------------|------------------------|-----------------------| | \n截至六月三十日止六個月 | 二零二四年 \n港幣千元 | 二零二三年 \n港幣千元 | | 集團收入 | 526,666 | 427,006 | | —玩具業務 | 445,141 | 347,231 | | —物業投資及管理業務 | 79,339 | 76,792 | | —投資業務 | 2,186 | 2,983 | | 毛利 | 324,137 | 259,934 | | 投資物業重估淨（ ...

Corporate Governance - The board of directors consists of three executive directors and four non-executive directors, with three being independent non-executive directors[4]. - The audit committee held two meetings during the fiscal year to review the company's financial performance and internal control systems[16]. - All directors participated in continuous professional development programs to enhance their knowledge and skills[9]. - The remuneration committee provides advice on the overall remuneration policy and structure for the board and senior management[17]. - The audit committee reviewed the company's accounting standards and practices, as well as the independence of external auditors[16]. - The board held four meetings during the year, with all directors attending at least 75% of the meetings[12]. - The company has established a three-year service contract for all directors, subject to re-election at the annual general meeting[8]. - The board ensures timely handling of all important matters and provides sufficient information for informed decision-making[12]. - The company emphasizes the importance of independent professional advice for directors to fulfill their responsibilities[9]. - The board continuously reviews and improves corporate governance practices to ensure proper regulation of business activities and decision-making processes[31]. - The audit committee consists of four non-executive directors, with Mr. Lo Kai Yiu serving as the chairman[171]. - The board has reviewed the implementation of the board diversity policy to ensure compliance with regulatory requirements[195]. - The company has adopted the standard code for securities transactions by directors, confirming compliance throughout the year[199]. - The board is responsible for maintaining a comprehensive risk management and internal control system[200]. - The board is committed to implementing an effective and sound risk management and internal control system to protect shareholder interests and company assets[200]. Financial Performance - The overall revenue and operating profit before property revaluation increased by 77% and 60% respectively compared to 2022[38]. - For the fiscal year ending December 31, 2023, the company's global revenue was HKD 1.2716 billion, an increase of 76.7% compared to HKD 719.6 million in 2022[42]. - The operating profit, excluding investment property revaluation losses, was HKD 324.7 million, up from HKD 206 million in 2022[42]. - The company recorded an operating profit of HKD 210 million in 2023, compared to HKD 34.5 million in 2022[83]. - Net profit for 2023 was HKD 224 million, a significant increase from HKD 9.7 million in 2022[83]. - The company recorded a net investment income of HKD 12.9 million in 2023, a recovery from a net loss of HKD 45.9 million in 2022[65]. - Dividend and interest income from the investment portfolio amounted to HKD 43.7 million in 2023, up from HKD 17 million in 2022[65]. - The fair value of the company's investment properties was HKD 4.9 billion, down from HKD 5.1 billion in 2022[56]. - The fair value of the investment portfolio as of December 31, 2023, was HKD 95.3 million, down from HKD 132.2 million in 2022, representing 1.4% of total assets[86]. - The group's cash and bank deposits as of December 31, 2023, were HKD 1,094,933,000, compared to HKD 1,083,324,000 in 2022, with HKD 1,000,777,000 held in USD[144]. - The company's available reserves for distribution as of December 31, 2023, amounted to HKD 1,513,787,000, compared to HKD 1,504,050,000 in 2022[141]. Market Performance - The largest market, the US toy market, experienced an 8% decline in both overall sales volume and revenue compared to the previous year[38]. - The company faced challenges in the operating environment due to slow recovery in cross-border travel between mainland China and Hong Kong, alongside significant interest rate increases affecting retail and real estate sectors[38]. - The global revenue for the toy segment reached HKD 1.109 billion, a significant increase of 120% from HKD 540 million in the previous year, driven by the successful re-launch of the "Teenage Mutant Ninja Turtles" toy line[61]. - The United States remains the largest market for the toy segment, accounting for 69% of total revenue, while Europe contributes 20%, other regions in the Americas 6%, and the Asia-Pacific region 5%[61]. - The company anticipates challenges and opportunities in the coming year, with new content for the "Teenage Mutant Ninja Turtles" franchise expected to drive sales in 2024[62]. - The "Godzilla x Kong" series has shown positive initial retail responses, with expectations for further growth following the global release of "Godzilla x Kong: The New Empire" in March 2024[62]. Investment and Property Management - Total rental income from investment properties was HKD 133.6 million, a decrease of 29.5% from HKD 189.6 million in the previous year, primarily due to a significant lease renewal at lower market rates[43]. - The overall occupancy rate improved to 74% as of December 31, 2023, compared to 63% in 2022[43]. - The company anticipates stable rental income from investment properties in 2024 despite a challenging market environment in Hong Kong[39]. - The property management segment reported revenue of HKD 21.7 million, an increase of 2.4% compared to HKD 21.2 million in the previous year[61]. - The long-term outlook for the property investment in Tsim Sha Tsui is positive, with expectations for continued demand in Hong Kong's premium shopping areas following the full reopening with mainland China[58]. Remuneration and Share Options - The remuneration committee held two meetings during the year to determine the remuneration policy for directors and assess the performance of executive directors and senior management[27]. - The company emphasizes fair remuneration to attract and retain high-quality and experienced directors, considering various factors including financial performance and market conditions[28]. - Independent non-executive directors are not granted equity-based performance-related remuneration, such as stock options or share grants[30]. - The maximum number of shares that can be issued under the share incentive plan is capped at 10% of the total shares issued as of the adoption date, which is 118,000,000 shares, representing 9.99% of the total shares issued as of the report date[149]. - No share awards were granted under the share incentive plan since its adoption, and there were no unvested awards at the beginning or end of the year[134]. - The company has not adopted any share option schemes during the year[154]. - The total number of ordinary shares issued by the company as of the report date is 40,296,000, representing 3.41% of the issued share capital[155]. - The total number of share options granted under the 2018 Share Option Scheme is 57,784,000[160]. - The highest-paid five individuals in the company hold a total of 5,600,000 share options at an exercise price of HKD 0.826[182]. - The company has a total of 40,296,000 unexercised share options available for issuance under the 2018 share option plan as of December 31, 2023[184]. Compliance and Risk Management - The company is committed to compliance with applicable laws and regulations, ensuring product safety and minimizing financial and reputational risks[116]. - The company has implemented internal controls to protect critical data, including customer and financial information, to mitigate risks associated with data fraud or theft[78]. - The group maintains a sufficient level of cash for ongoing operations and future growth[144]. - The group reported a total of 77 employees in Hong Kong, the US, and the UK, unchanged from 2022[109]. - The company has maintained sufficient public float as required by listing rules throughout the year[192].