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10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 創信國際控股有限公司 呈交日期: 2025年11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) | 00676 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.1 | HKD | | 150,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.1 | HKD | | 150,000,000 | FF301 1. ...

截至月份: 2025年9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: 創信國際控股有限公司 呈交日期: 2025年10月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00676 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.1 | HKD | | 150,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.1 | HKD | | 150,000,000 | 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 1. 優先股之面值 ...

PEGASUS INTERNATIONAL HOLDINGS LIMITED Dear Non-Registered Holder(Note ) , 19 September 2025 Pegasus International Holdings Limited (the "Company") Notification of publication of the Interim Report (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications (Note ) are available on the Company's website (www.pegasusinternationalholdings.com) and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") (www.hkexnews.hk) respe ...

PEGASUS INTERNATIONAL HOLDINGS LIMITED 創信國際控股有限公司 (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：676） NOTIFICATION LETTER 通知信函 Dear Registered Shareholder, 19 September 2025 Pegasus International Holdings Limited (the "Company") Notification of publication of the Interim Report (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website (www.pegasusinternationalholdi ...

Condensed Consolidated Financial Statements [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, the company's revenue significantly decreased by 54.2% to USD 1,481 thousand, leading to a substantial reduction in gross profit, and a loss before tax of USD 204 thousand, with basic loss per share of US cents 0.03 Key Data from Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | Indicator | June 30, 2025 (USD thousand) | June 30, 2024 (USD thousand) | Change | | :--- | :--- | :--- | :--- | | Revenue | 1,481 | 3,232 | -54.2% | | Gross Profit | 1,121 | 1,968 | -43.1% | | (Loss) Profit Before Tax | (204) | 152 | From profit to loss | | (Loss) Profit for the Period Attributable to Owners of the Company | (203) | 165 | From profit to loss | | Basic (Loss) Earnings Per Share | (0.03 US cents) | 0.02 US cents | From profit to loss | [Condensed Consolidated Statement of Financial Position](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the company's total assets slightly increased, with non-current assets remaining stable and current assets rising, while liabilities increased primarily due to new bank borrowings, leading to a slight decrease in total equity Key Data from Condensed Consolidated Statement of Financial Position | Indicator | June 30, 2025 (USD thousand) | December 31, 2024 (USD thousand) | Change | | :--- | :--- | :--- | :--- | | Non-current Assets | 82,243 | 82,415 | -0.2% | | Current Assets | 14,068 | 12,384 | +13.6% | | Current Liabilities | 2,812 | 2,310 | +21.7% | | Non-current Liabilities | 18,408 | 16,206 | +13.6% | | Total Equity | 75,091 | 76,283 | -1.6% | [Condensed Consolidated Statement of Changes in Equity](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended June 30, 2025, the company's total equity decreased from USD 76,194 thousand to USD 75,091 thousand, primarily due to a loss for the period of USD 203 thousand and dividends paid of USD 942 thousand, partially offset by exchange differences gain of USD 42 thousand - In the first half of 2025, the loss for the period attributable to owners of the company was **USD 203 thousand**, compared to a profit of **USD 165 thousand** in the same period of 2024[5](index=5&type=chunk) - In the first half of 2025, exchange differences arising from translation of overseas operations amounted to **USD 42 thousand**, compared to **USD 707 thousand** in the same period of 2024[5](index=5&type=chunk) - Dividends of **USD 942 thousand** were distributed in both periods[5](index=5&type=chunk) [Condensed Consolidated Cash Flow Statement](index=5&type=section&id=Condensed%20Consolidated%20Cash%20Flow%20Statement) For the six months ended June 30, 2025, net cash flow from operating activities turned from a net inflow to a net outflow of USD 2,154 thousand, while net cash flow from investing activities remained a net inflow of USD 130 thousand, and financing activities turned to a net inflow of USD 1,469 thousand due to new bank borrowings, resulting in a decrease in period-end cash and cash equivalents to USD 8,097 thousand Key Data from Condensed Consolidated Cash Flow Statement | Indicator | June 30, 2025 (USD thousand) | June 30, 2024 (USD thousand) | Change | | :--- | :--- | :--- | :--- | | Net Cash (Used in) Generated from Operating Activities | (2,154) | 498 | From inflow to outflow | | Net Cash Generated from Investing Activities | 130 | 164 | -20.8% | | Net Cash Generated from (Used in) Financing Activities | 1,469 | (1,026) | From outflow to inflow | | Net Decrease in Cash and Cash Equivalents | (555) | (364) | Decrease widened | | Bank Balances and Cash as of June 30 | 8,097 | 9,496 | -14.7% | Notes to the Condensed Consolidated Financial Statements [1. Basis of Preparation](index=6&type=section&id=1.%20Basis%20of%20Preparation) The condensed consolidated financial statements are prepared in accordance with Hong Kong Accounting Standard 34 Interim Financial Reporting issued by the Hong Kong Institute of Certified Public Accountants and the disclosure requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited - Basis of preparation: Hong Kong Accounting Standard 34 Interim Financial Reporting issued by the Hong Kong Institute of Certified Public Accountants[7](index=7&type=chunk) - Disclosure requirements: Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[7](index=7&type=chunk) [2. Principal Accounting Policies](index=6&type=section&id=2.%20Principal%20Accounting%20Policies) The condensed consolidated financial statements are primarily prepared under the historical cost convention, with certain properties and financial instruments measured at revalued amounts or fair value, and accounting policies for the current period are consistent with the previous year, except for changes arising from the application of amendments to HKFRSs - Primary measurement basis: Historical cost convention, with certain properties and financial instruments measured at revalued amounts or fair value[8](index=8&type=chunk) - Consistency of accounting policies: Consistent with those presented in the annual consolidated financial statements for the year ended December 31, 2024, except for the application of amendments to HKFRSs[8](index=8&type=chunk) [Application of Amendments to HKFRSs](index=6&type=section&id=Application%20of%20Amendments%20to%20HKFRSs) - During the current interim period, the Group first applied amendments to Hong Kong Financial Reporting Standards issued by the HKICPA, including HKAS 21 (Amendment) 'Lack of Exchangeability'[9](index=9&type=chunk) - These amendments had no significant impact on the Group's financial position, performance, or disclosures[9](index=9&type=chunk) [3. Revenue and Segment Information](index=7&type=section&id=3.%20Revenue%20and%20Segment%20Information) The Group's revenue primarily derives from the manufacturing and sale of footwear products and property leasing, with footwear product revenue significantly decreasing and property leasing revenue also declining, resulting in a 54.2% year-on-year reduction in total revenue, and segment results indicate continued losses in the footwear products business while the property leasing business remains profitable - Total revenue: Decreased by **54.2%** from **USD 3,232 thousand** in the same period of 2024 to **USD 1,481 thousand** in 2025[10](index=10&type=chunk) Changes in Revenue Composition | Revenue Source | June 30, 2025 (USD thousand) | June 30, 2024 (USD thousand) | Change | | :--- | :--- | :--- | :--- | | Manufacturing and Sale of Footwear Products | 13 | 1,033 | -98.7% | | Property Leasing | 1,468 | 2,199 | -33.3% | | **Total Revenue** | **1,481** | **3,232** | **-54.2%** | Segment Results | Segment | June 30, 2025 (USD thousand) | June 30, 2024 (USD thousand) | | :--- | :--- | :--- | | Footwear Products | (204) | (142) | | Property Leasing | 1,270 | 1,966 | | **Total Segment Results** | **1,066** | **1,824** | [(i) Disaggregation of Revenue](index=7&type=section&id=(i)%20Disaggregation%20of%20Revenue) - Revenue from manufacturing and sale of footwear products: **USD 13 thousand** in the first half of 2025, compared to **USD 1,033 thousand** in the same period of 2024[10](index=10&type=chunk) - Property leasing revenue: **USD 1,468 thousand** in the first half of 2025, compared to **USD 2,199 thousand** in the same period of 2024[10](index=10&type=chunk) - Revenue from footwear products is recognized when control of the goods is transferred, which is when the goods are delivered to the customer's specified location[11](index=11&type=chunk) [(ii) Segment Revenue and Results](index=8&type=section&id=(ii)%20Segment%20Revenue%20and%20Results) - In the first half of 2025, the footwear products segment generated **USD 13 thousand** in revenue and incurred a loss of **USD 204 thousand**, representing an expanded loss compared to the prior period[14](index=14&type=chunk) - In the first half of 2025, the property leasing segment generated **USD 1,468 thousand** in revenue and a profit of **USD 1,270 thousand**, a decrease from the prior period[14](index=14&type=chunk) - In the first half of 2024, the footwear products segment generated **USD 1,033 thousand** in revenue and incurred a loss of **USD 142 thousand**; the property leasing segment generated **USD 2,199 thousand** in revenue and a profit of **USD 1,966 thousand**[16](index=16&type=chunk) [4. Finance Costs](index=9&type=section&id=4.%20Finance%20Costs) For the six months ended June 30, 2025, finance costs increased to USD 34 thousand, primarily due to new bank borrowing interest of USD 13 thousand and interest expense on lease liabilities of USD 21 thousand Finance Costs | Indicator | June 30, 2025 (USD thousand) | June 30, 2024 (USD thousand) | Change | | :--- | :--- | :--- | :--- | | Interest Expense on Lease Liabilities | 21 | 18 | +16.7% | | Bank Borrowing Interest | 13 | – | New | | **Total Finance Costs** | **34** | **18** | **+88.9%** | [5. Loss Profit Before Tax](index=10&type=section&id=5.%20Loss%20Profit%20Before%20Tax) For the six months ended June 30, 2025, the company's profit before tax turned from a profit of USD 152 thousand in the prior period to a loss of USD 204 thousand, primarily influenced by a significant decrease in revenue, reduced total employee costs but increased severance payments, and a larger loss from fair value changes of financial assets - Loss (profit) before tax: **USD (204) thousand** in the first half of 2025, compared to **USD 152 thousand** in the same period of 2024[18](index=18&type=chunk) - Total employee costs: Decreased from **USD 1,401 thousand** in the same period of 2024 to **USD 753 thousand** in 2025[18](index=18&type=chunk) - Severance payments: Increased from **USD 20 thousand** in the same period of 2024 to **USD 138 thousand** in 2025[18](index=18&type=chunk) - Gain from fair value changes of financial assets: **USD (38) thousand** in the same period of 2024 changed to **USD (178) thousand** in 2025[18](index=18&type=chunk) [6. Tax Credit](index=11&type=section&id=6.%20Tax%20Credit) For the six months ended June 30, 2025, the company received a tax credit of USD 1 thousand, compared to USD 13 thousand in the prior period, with Hong Kong profits tax calculated at 16.5% and Chinese subsidiaries at 25%, and management believes no income tax is payable under Pillar Two rules as the Group's estimated effective tax rate in all operating jurisdictions exceeds 15% - Tax credit: **USD 1 thousand** in the first half of 2025, compared to **USD 13 thousand** in the same period of 2024[19](index=19&type=chunk) - Hong Kong profits tax rate: **8.25%** for the first HKD 2 million of assessable profits for qualifying entities, and **16.5%** for the remainder; non-qualifying entities are uniformly taxed at **16.5%**[19](index=19&type=chunk) - China corporate income tax rate: **25%**[19](index=19&type=chunk) - Pillar Two rules: Management believes the Group is not required to pay income tax under Pillar Two rules, as the estimated effective tax rate in all operating jurisdictions exceeds **15%**[20](index=20&type=chunk) [7. Dividends](index=12&type=section&id=7.%20Dividends) During the current interim period, the company declared and paid a final dividend of HK cents 1.0 per share for the year ended December 31, 2024, totaling USD 942 thousand, consistent with the prior period, and the Board has decided not to declare an interim dividend - Final dividend: **HK cents 1.0** per share, totaling **USD 942 thousand**, consistent with the prior period[21](index=21&type=chunk) - Interim dividend: The Board has decided not to declare an interim dividend[22](index=22&type=chunk) [8. Loss Earnings Per Share](index=12&type=section&id=8.%20Loss%20Earnings%20Per%20Share) For the six months ended June 30, 2025, basic loss per share was US cents 0.03, compared to basic earnings per share of US cents 0.02 in the prior period, primarily based on a loss for the period attributable to owners of the company of USD 203 thousand and 730,650,000 ordinary shares issued - Basic loss (earnings) per share: **US cents (0.03)** in the first half of 2025, compared to **US cents 0.02** in the same period of 2024[23](index=23&type=chunk) - Calculation basis: Loss for the period attributable to owners of the company of **USD 203 thousand** (profit of **USD 165 thousand** in the same period of 2024) and **730,650,000** ordinary shares issued[23](index=23&type=chunk) - Potential ordinary shares: No potential ordinary shares were outstanding in either period[24](index=24&type=chunk) [9. Investment Properties](index=12&type=section&id=9.%20Investment%20Properties) As of June 30, 2025, there was no significant difference between the carrying amount of investment properties and their fair value as of December 31, 2024, with fair value assessed by independent professional valuer Wing Lee & Co. using the income approach - Carrying amount and fair value: No significant difference[25](index=25&type=chunk) - Fair value assessment: Conducted by independent professional valuer Wing Lee & Co. using the income approach[25](index=25&type=chunk) - Valuation changes: No valuation changes recognized during the period[25](index=25&type=chunk) [10. Property, Plant and Equipment](index=12&type=section&id=10.%20Property,%20Plant%20and%20Equipment) For the six months ended June 30, 2025, the Group paid approximately USD 47 thousand for additions to property, plant, and equipment, an increase from the prior period, with no significant difference between the carrying amount and fair value of buildings, and no valuation changes recognized during the period - Additions expenditure: **USD 47 thousand** in the first half of 2025, compared to **USD 29 thousand** in the same period of 2024[26](index=26&type=chunk) - Carrying amount and fair value of buildings: No significant difference[26](index=26&type=chunk) - Valuation changes: No valuation changes recognized during the period[26](index=26&type=chunk) [11. Trade and Other Receivables](index=13&type=section&id=11.%20Trade%20and%20Other%20Receivables) As of June 30, 2025, total trade and other receivables amounted to USD 2,759 thousand, a decrease from USD 3,192 thousand as of December 31, 2024, with the proportion of trade receivables over 60 days significantly increasing, indicating a potential rise in collection risk Total Trade and Other Receivables | Indicator | June 30, 2025 (USD thousand) | December 31, 2024 (USD thousand) | Change | | :--- | :--- | :--- | :--- | | Trade Receivables | 1,650 | 1,948 | -15.4% | | Other Receivables | 1,109 | 1,244 | -10.8% | | **Total Trade and Other Receivables** | **2,759** | **3,192** | **-13.5%** | Aging Analysis of Trade Receivables | Aging | June 30, 2025 (USD thousand) | December 31, 2024 (USD thousand) | | :--- | :--- | :--- | | 0 to 30 days | 1 | 221 | | 31 to 60 days | – | 313 | | Over 60 days | 1,649 | 1,414 | - The Group grants an average credit period of **60 days** to its trade customers[27](index=27&type=chunk) [12. Trade and Other Payables](index=14&type=section&id=12.%20Trade%20and%20Other%20Payables) As of June 30, 2025, total trade and other payables amounted to USD 1,840 thousand, an increase from USD 1,588 thousand as of December 31, 2024, with trade payables decreasing to zero, while other payables such as accrued wages and accrued expenses remained stable, and other payables significantly increased Total Trade and Other Payables | Indicator | June 30, 2025 (USD thousand) | December 31, 2024 (USD thousand) | Change | | :--- | :--- | :--- | :--- | | Trade Payables | – | 11 | -100% | | Accrued Wages | 276 | 271 | +1.8% | | Accrued Expenses | 305 | 319 | -4.3% | | Rental Deposits Received | 634 | 634 | 0% | | Others | 625 | 353 | +77.1% | | **Total Trade and Other Payables** | **1,840** | **1,588** | **+15.9%** | - The average credit period for purchases of goods is **90 days**[28](index=28&type=chunk) [13. Bank Borrowings](index=15&type=section&id=13.%20Bank%20Borrowings) As of June 30, 2025, the Group incurred new bank borrowings of USD 2,500 thousand, all of which are secured fixed-rate borrowings with an annual interest rate of 3%, with USD 250 thousand due within one year and USD 2,250 thousand due in more than one year but not exceeding two years - Total bank borrowings: **USD 2,500 thousand** (December 31, 2024: zero)[29](index=29&type=chunk) - Repayment terms: **USD 250 thousand** due within one year, **USD 2,250 thousand** due in more than one year but not exceeding two years[29](index=29&type=chunk) - Nature of borrowings: All are secured fixed-rate borrowings with an annual interest rate of **3%**[29](index=29&type=chunk)[30](index=30&type=chunk) - Security: Secured by pledged bank deposits of equivalent value[30](index=30&type=chunk) [14. Share Capital](index=16&type=section&id=14.%20Share%20Capital) As of June 30, 2025, the company's authorized share capital comprised 1,500,000,000 ordinary shares of HKD 0.10 each and 150 convertible non-voting preference shares of USD 100,000 each, with issued and fully paid ordinary shares totaling 730,650 thousand shares, amounting to USD 9,428 thousand, remaining unchanged from the previous year-end - Authorized ordinary shares: **1,500,000,000** shares of **HKD 0.10** each[31](index=31&type=chunk) - Authorized convertible non-voting preference shares: **150** shares of **USD 100,000** each[31](index=31&type=chunk) - Issued and fully paid ordinary shares: **730,650 thousand** shares, amounting to **USD 9,428 thousand**[31](index=31&type=chunk) - Convertible preference shares: Entitled to fixed cumulative dividends, and in certain circumstances, additional dividends, and convertible into ordinary shares; no issuance during the period[31](index=31&type=chunk) [15. Housing Provident Fund Provision](index=16&type=section&id=15.%20Housing%20Provident%20Fund%20Provision) The Group has made adequate provision for housing provident fund claims raised by employees of a subsidiary; some claim procedures are still ongoing, and the final outcome cannot be reliably estimated yet - Reason for claims: Employees of a subsidiary raised claims regarding housing provident fund[32](index=32&type=chunk) - Processing status: Some claim procedures are still ongoing, and certain appeals are still under court review[32](index=32&type=chunk) - Provision: The company's directors believe adequate provision has been made[32](index=32&type=chunk) [16. Measurement of Fair Value of Financial Instruments](index=17&type=section&id=16.%20Measurement%20of%20Fair%20Value%20of%20Financial%20Instruments) Certain financial assets of the Group are continuously measured at fair value, primarily financial assets mandatorily measured at fair value through profit or loss, with a fair value of USD 882 thousand, classified as Level 1 fair value measurement, derived from unadjusted quoted prices in active markets, and no transfers between Level 1, 2, and 3 occurred during the current interim period - Financial assets continuously measured at fair value: Financial assets mandatorily measured at fair value through profit or loss[34](index=34&type=chunk) - Fair value: **USD 882 thousand** as of June 30, 2025, and **USD 704 thousand** as of December 31, 2024[34](index=34&type=chunk) - Fair value hierarchy: Classified as Level 1, derived from unadjusted quoted prices in active markets[34](index=34&type=chunk)[35](index=35&type=chunk) - Transfers: No transfers between Level 1, Level 2, and Level 3 occurred during the current interim period[34](index=34&type=chunk) Management Discussion and Analysis [Financial Review](index=18&type=section&id=Financial%20Review) For the six months ended June 30, 2025, the Group's revenue significantly decreased by 54.2% to USD 1,481 thousand, primarily due to significant challenges in the footwear export business caused by increased US tariffs on Chinese-made goods, and the company turned from a profit before tax of USD 152 thousand to a loss before tax of USD 204 thousand, with basic earnings per share also turning to a loss of US cents 0.03 - Revenue decrease: **54.2%** year-on-year to **USD 1,481 thousand**[36](index=36&type=chunk) - Profit turned to loss: Profit before tax changed from a profit of **USD 152 thousand** to a loss of **USD 204 thousand**[36](index=36&type=chunk) - EPS turned to loss: Basic loss per share of **US cents 0.03**[37](index=37&type=chunk) - Primary reason: Escalating US tariffs on Chinese-made goods led to significant challenges for the footwear export business, with customers avoiding procurement from Chinese manufacturers[36](index=36&type=chunk) [Business Review and Outlook](index=18&type=section&id=Business%20Review%20and%20Outlook) In the first half of 2025, the highly unstable global economic and political environment, including US-China tariff disputes and high interest rates, led to a near halt in the footwear export business, with the company relying on its leasing business to maintain stable operations, and looking ahead, the export market downturn is expected to persist, requiring the Group to remain flexible, optimize operational strategies, maintain financial stability, and explore new opportunities - First-half environment: Highly unstable global economic and political environment, including US-China tariff disputes, high interest rates, and a sluggish real economy[38](index=38&type=chunk) - Footwear export business: Due to fluctuating tariff policies, the Group's exports were nearly zero for the six months of the current year[39](index=39&type=chunk) - Leasing business: Provides reliable cash flow; the Group will continue to review existing tenants and prudently seek new tenants to maximize asset utilization efficiency[39](index=39&type=chunk) - Second-half outlook: Global uncertainties are not expected to improve, and the export market downturn is anticipated to persist[39](index=39&type=chunk) - Group strategy: Maintain flexibility, optimize operational strategy, uphold financial stability, and explore new opportunities[39](index=39&type=chunk) [Liquidity and Financial Resources](index=19&type=section&id=Liquidity%20and%20Financial%20Resources) As of June 30, 2025, the Group's total net assets amounted to USD 75,091 thousand, with cash and cash equivalents decreasing to USD 8,097 thousand, and new bank borrowings of USD 2,500 thousand incurred, resulting in a current ratio of 5.0 times, which, despite a decrease from 5.4 times, management believes is sufficient to maintain adequate working capital - Total net assets: **USD 75,091 thousand**[40](index=40&type=chunk) - Cash and cash equivalents: **USD 8,097 thousand** (December 31, 2024: **USD 8,651 thousand**)[40](index=40&type=chunk) - Bank borrowings: **USD 2,500 thousand** (December 31, 2024: zero)[40](index=40&type=chunk) - Current ratio: **5.0 times** (December 31, 2024: **5.4 times**)[40](index=40&type=chunk) - Working capital: The directors believe the Group can maintain sufficient working capital for its operations and future expansion[41](index=41&type=chunk) Other Information and Corporate Governance [Directors' Interests in Shares](index=20&type=section&id=Directors'%20Interests%20in%20Shares) As of June 30, 2025, Wu Zhenchang and Wu Zong beneficially owned 8,000,000 and 1,000,000 ordinary shares of the company, respectively, totaling 1.23% of the issued share capital, and additionally, Wu Zhenshan, Wu Zhenchang, Wu Zong, and their associated companies collectively held 96% of the shares in the holding company, Pegasus Footgear Management Limited Directors' Holdings of Company's Ordinary Shares | Director Name | Capacity | Number of Ordinary Shares | Percentage of Issued Share Capital | | :--- | :--- | :--- | :--- | | Wu Zhenchang | Beneficial Owner | 8,000,000 | 1.09% | | Wu Zong | Beneficial Owner | 1,000,000 | 0.14% | | **Total** | | **9,000,000** | **1.23%** | Directors' Holdings in Holding Company Pegasus Footgear Management Limited | Director Name | Capacity | Number of Ordinary Shares | Percentage of Issued Share Capital of Associated Corporation | | :--- | :--- | :--- | :--- | | Wu Zhenshan | Beneficial Owner and Corporation | 6,470 | 32% | | Wu Zhenchang | Corporation | 6,470 | 32% | | Wu Zong | Corporation | 6,470 | 32% | | **Total** | | **19,410** | **96%** | [Arrangement to Acquire Shares or Debentures](index=22&type=section&id=Arrangement%20to%20Acquire%20Shares%20or%20Debentures) During the reporting period, neither the company, its holding company, nor any of its subsidiaries entered into any arrangements enabling the company's directors to acquire benefits by purchasing shares or debentures of the company or any other body corporate - No acquisition arrangements: No arrangements were entered into during the period enabling directors to benefit from purchasing shares or debentures of the company or any other body corporate[45](index=45&type=chunk) [Substantial Shareholders](index=22&type=section&id=Substantial%20Shareholders) As of June 30, 2025, apart from directors' interests, Pegasus Footgear Management Limited was the company's substantial shareholder, holding 468,743,940 ordinary shares, representing 64% of the issued share capital - Substantial shareholder: Pegasus Footgear Management Limited[47](index=47&type=chunk) - Number of shares held: **468,743,940** ordinary shares[47](index=47&type=chunk) - Shareholding percentage: **64%** of the company's issued share capital[47](index=47&type=chunk) [Purchase, Sale or Redemption of the Company’s Listed Securities](index=22&type=section&id=Purchase,%20Sale%20or%20Redemption%20of%20the%20Company%E2%80%99s%20Listed%20Securities) For the six months ended June 30, 2025, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities - No transactions: Neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities during the period[48](index=48&type=chunk) [Corporate Governance](index=23&type=section&id=Corporate%20Governance) This section confirms the company's compliance with the Corporate Governance Code and the Model Code for Securities Transactions by Directors of Listed Issuers under the HKEX Listing Rules during the reporting period, and the Audit Committee has reviewed the Group's unaudited condensed consolidated financial information, interim report, accounting principles and practices, and discussed risk management, internal control, and financial reporting matters - Compliance with Corporate Governance Code: For the six months ended June 30, 2025, the company has consistently complied with the code provisions set out in the Corporate Governance Code under the Listing Rules[49](index=49&type=chunk) - Compliance with Model Code: Each director has consistently complied with the required standards under the Model Code throughout the six months ended June 30, 2025[50](index=50&type=chunk) - Audit Committee responsibilities: Reviewed the unaudited condensed consolidated financial information, interim report, accounting principles and practices, and discussed risk management, internal control, and financial reporting matters[51](index=51&type=chunk)

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年8月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 創信國際控股有限公司 呈交日期: 2025年9月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00676 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.1 | HKD | | 150,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.1 | HKD | | 150,000,000 | | 2. 股份分類 ...

Core Viewpoint - Chuangxin International (00676) reported a significant decline in revenue and a shift to loss for the interim period ending June 30, 2025, indicating potential challenges in its operational performance [1] Financial Performance - The company's revenue for the six months was $1.481 million, representing a year-on-year decrease of 54.18% [1] - Shareholders' loss amounted to $203,000, marking a transition from profit to loss compared to the previous year [1] - The loss per share was reported at $0.0003 [1]

Core Viewpoint - Chuangxin International (00676) reported a significant decline in revenue and a shift from profit to loss in its interim results for the six months ending June 30, 2025 [1] Financial Performance - The company generated revenue of $1.481 million, representing a year-on-year decrease of 54.18% [1] - Shareholders experienced a loss of $203,000, contrasting with a profit in the previous year [1] - The loss per share was reported at $0.0003 [1]

Core Viewpoint - The company, Chuangxin International (00676.HK), reported a significant decline in revenue and a shift from profit to loss in its latest financial results, primarily due to external factors affecting its operations as a footwear export manufacturer [1]. Financial Performance - Revenue for the six months ending June 30, 2025, was $1.481 million, representing a 54.2% decrease year-on-year [1]. - The company recorded a pre-tax loss of $204,000, compared to a pre-tax profit of $152,000 for the same period in the previous year [1]. - Basic loss per share was $0.0003, in contrast to a basic earnings per share of $0.0002 for the prior year [1]. Industry Impact - The footwear export manufacturing sector is facing severe challenges, particularly due to fluctuating U.S. tariff policies, which have deterred overseas clients from taking on significant risks [1]. - The company's export activities nearly reached zero in the reported period, highlighting the adverse effects of the external environment on its business operations [1]. - Despite these challenges, the company has managed to maintain stable overall operations, partly due to efforts from various teams and benefits from its diversified leasing business developed in earlier years [1].

[Company Information and Disclaimer](index=1&type=section&id=Company%20Information%20and%20Disclaimer) This section provides company identification and disclaims responsibility for the announcement's content by regulatory bodies - This announcement presents the interim results for Pegasus International Holdings Limited (stock code: 676) for the six months ended June 30, 2025[2](index=2&type=chunk)[3](index=3&type=chunk) - Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited are not responsible for the content of this announcement and make no statement as to its accuracy or completeness[1](index=1&type=chunk) [Condensed Consolidated Financial Statements](index=1&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents the group's financial performance and position through condensed consolidated statements of profit or loss and financial position [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=1&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, group revenue significantly decreased by **54.2%** to **USD 1,481 thousand**, resulting in a pre-tax loss of **USD 204 thousand** and a shift to basic loss per share Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (For the six months ended June 30) | Metric | 2025 (USD '000) | 2024 (USD '000) | | :--- | :--- | :--- | | Revenue | 1,481 | 3,232 | | Cost of sales and services | (360) | (1,264) | | Gross profit | 1,121 | 1,968 | | Other income (expenses), gains and losses | 419 | 227 | | Selling and distribution costs | (32) | (143) | | General and administrative expenses | (1,678) | (1,882) | | Finance costs | (34) | (18) | | Profit (Loss) before tax | (204) | 152 | | Income tax credit | 1 | 13 | | Profit (Loss) for the period attributable to owners of the Company | (203) | 165 | | Exchange differences on translation of presentation currency | 42 | 707 | | Total comprehensive income (expense) for the period attributable to owners of the Company | (161) | 872 | | Basic earnings (loss) per share | (0.03 US cents) | 0.02 US cents | [Condensed Consolidated Statement of Financial Position](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, total assets slightly increased, net current assets rose, but total equity slightly decreased, with non-current liabilities significantly increasing due to new bank borrowings Condensed Consolidated Statement of Financial Position (As of June 30) | Metric | 2025 (USD '000) | 2024 (USD '000) | | :--- | :--- | :--- | | **Non-current Assets** | | | | Investment properties | 61,492 | 61,492 | | Property, plant and equipment | 18,485 | 18,537 | | Right-of-use assets | 1,860 | 1,980 | | Accrued rental | 406 | 406 | | **Total non-current assets** | **82,243** | **82,415** | | **Current Assets** | | | | Inventories | 97 | 104 | | Trade and other receivables | 2,353 | 2,786 | | Financial assets at fair value through profit or loss | 882 | 704 | | Time deposits | 139 | 139 | | Pledged bank deposits | 2,500 | – | | Bank balances and cash | 8,097 | 8,651 | | **Total current assets** | **14,068** | **12,384** | | **Current Liabilities** | | | | Trade and other payables | 1,840 | 1,588 | | Bank borrowings | 250 | – | | Lease liabilities | 79 | 79 | | Housing provident fund provision | 32 | 32 | | Tax payable | 611 | 611 | | **Total current liabilities** | **2,812** | **2,310** | | **Net current assets** | **11,256** | **10,074** | | **Total equity** | **75,091** | **76,283** | | **Non-current Liabilities** | | | | Deferred tax liabilities | 15,399 | 15,399 | | Bank borrowings | 2,250 | – | | Lease liabilities | 759 | 807 | | **Total non-current liabilities** | **18,408** | **16,206** | | **Total** | **93,499** | **92,489** | [Notes to the Condensed Consolidated Financial Statements](index=3&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) This section details the basis of preparation, significant accounting policies, revenue, segment information, finance costs, key expense and income items, taxation, dividends, earnings per share, investment properties, property, plant and equipment, trade and other receivables/payables, bank borrowings, share capital, and housing provident fund provision [1. Basis of Preparation](index=3&type=section&id=1.%20Basis%20of%20Preparation) The condensed consolidated financial statements are prepared in accordance with HKAS 34 and the disclosure requirements of the Listing Rules - The condensed consolidated financial statements are prepared in accordance with Hong Kong Accounting Standard 34 Interim Financial Reporting issued by the Hong Kong Institute of Certified Public Accountants and the applicable disclosure requirements of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[6](index=6&type=chunk) [2. Significant Accounting Policies](index=3&type=section&id=2.%20Significant%20Accounting%20Policies) The condensed consolidated financial statements are prepared under the historical cost convention, with certain exceptions, and recent HKFRS amendments had no material impact - The condensed consolidated financial statements are prepared under the historical cost convention, except for certain properties and financial instruments measured at revalued amounts or fair value[7](index=7&type=chunk) - The application of amendments to Hong Kong Financial Reporting Standards during the interim period, such as HKAS 21 (Amendment) Lack of Exchangeability, had no significant impact on the Group's financial position or performance[8](index=8&type=chunk) [3. Revenue and Segment Information](index=3&type=section&id=3.%20Revenue%20and%20Segment%20Information) This section provides a breakdown of revenue by source and segment, detailing recognition policies for product sales and property leasing Revenue Breakdown (For the six months ended June 30) | Revenue Source | 2025 (USD '000) | 2024 (USD '000) | | :--- | :--- | :--- | | Manufacturing and sales of footwear products | 13 | 1,033 | | Property leasing | 1,468 | 2,199 | | **Total revenue** | **1,481** | **3,232** | - Revenue from the manufacturing and sales of footwear products is recognized when control of the goods is transferred, typically upon shipment to the customer's designated location, with an average credit period of **60 days** after delivery[10](index=10&type=chunk) - Revenue from property leasing is recognized in profit or loss on a straight-line basis over the relevant lease term, with all operating lease payments being fixed for both years[11](index=11&type=chunk) Segment Revenue and Results (For the six months ended June 30) | Segment | 2025 Revenue (USD '000) | 2025 Segment Results (USD '000) | 2024 Revenue (USD '000) | 2024 Segment Results (USD '000) | | :--- | :--- | :--- | :--- | :--- | | Manufacturing and sales of footwear products | 13 | (204) | 1,033 | (142) | | Property leasing | 1,468 | 1,270 | 2,199 | 1,966 | | **Total** | **1,481** | **1,066** | **3,232** | **1,824** | | Unallocated other income (expenses), gains and losses | | 419 | | 227 | | Unallocated corporate expenses | | (1,689) | | (1,899) | | **Profit (Loss) before tax** | | **(204)** | | **152** | [4. Finance Costs](index=5&type=section&id=4.%20Finance%20Costs) This section details the components of finance costs, including interest expenses on lease liabilities and bank borrowings Finance Costs (For the six months ended June 30) | Item | 2025 (USD '000) | 2024 (USD '000) | | :--- | :--- | :--- | | Interest expense on lease liabilities | 21 | 18 | | Interest on bank borrowings | 13 | – | | **Total** | **34** | **18** | [5. Profit (Loss) Before Tax](index=6&type=section&id=5.%20Profit%20(Loss)%20Before%20Tax) This section presents a breakdown of key expense and income items contributing to the profit or loss before tax Key Expense and Income Items (For the six months ended June 30) | Item | 2025 (USD '000) | 2024 (USD '000) | | :--- | :--- | :--- | | Total employee costs | 753 | 1,401 | | Auditor's remuneration | 96 | 96 | | Cost of inventories recognized as expense | 161 | 1,032 | | Depreciation of property, plant and equipment | 130 | 172 | | Depreciation of right-of-use assets | 48 | 50 | | Termination benefits | 138 | 20 | | Gain on fair value change of financial assets at fair value through profit or loss | (178) | (38) | | Interest income | (130) | (164) | | Net exchange gain | (6) | (13) | [6. Income Tax Credit](index=6&type=section&id=6.%20Income%20Tax%20Credit) This section outlines the income tax credit, including Hong Kong profits tax and PRC enterprise income tax, and applicable tax rates Income Tax Credit (For the six months ended June 30) | Item | 2025 (USD '000) | 2024 (USD '000) | | :--- | :--- | :--- | | Hong Kong profits tax | (8) | – | | PRC enterprise income tax | 7 | (13) | | **Total** | **(1)** | **(13)** | - Hong Kong profits tax is calculated under a two-tiered profits tax regime, with the first **HKD 2,000,000** of assessable profits for qualifying entities taxed at **8.25%** and the remainder at **16.5%**, while non-qualifying entities are taxed at a flat rate of **16.5%**[18](index=18&type=chunk) - PRC subsidiaries are subject to an enterprise income tax rate of **25%**, and management believes the Group is not subject to income tax under Pillar Two rules as the estimated effective tax rate in all operating jurisdictions exceeds **15%**[19](index=19&type=chunk) [7. Dividends](index=7&type=section&id=7.%20Dividends) This section reports the final dividend declared and paid for the previous year and the decision not to declare an interim dividend for the current period - A final dividend of **HKD 1.0 cent** per share for the year ended December 31, 2024, totaling **USD 942,000**, was declared and paid during the interim period[20](index=20&type=chunk) - The Company's directors have determined that no interim dividend will be paid (six months ended June 30, 2024: nil)[21](index=21&type=chunk) [8. Earnings (Loss) Per Share](index=7&type=section&id=8.%20Earnings%20(Loss)%20Per%20Share) This section details the basic loss per share calculation based on the period's loss and outstanding ordinary shares - Basic loss per share was **0.03 US cents** (2024: basic earnings per share of **0.02 US cents**), calculated based on a loss for the period of **USD 203,000** and **730,650,000** ordinary shares outstanding[22](index=22&type=chunk) - There were no potential ordinary shares outstanding for the six months ended June 30, 2025, and 2024[22](index=22&type=chunk) [9. Investment Properties](index=7&type=section&id=9.%20Investment%20Properties) This section confirms no significant change in the carrying amount of investment properties, with fair value determined by independent valuers - The carrying amount of the Group's investment properties as of June 30, 2025, did not materially differ from their fair value as of December 31, 2024, which was determined by independent professional valuers using the income approach, with no valuation changes recognized during the period[23](index=23&type=chunk) [10. Property, Plant and Equipment](index=7&type=section&id=10.%20Property,%20Plant%20and%20Equipment) This section reports additions to property, plant and equipment and confirms no significant change in the carrying amount of buildings compared to their fair value - The Group paid approximately **USD 47,000** (2024: **USD 29,000**) for additions to property, plant and equipment for the six months ended June 30, 2025[24](index=24&type=chunk) - The Company's directors believe that as of June 30, 2025, the carrying amount of buildings included in property, plant and equipment did not materially differ from their fair value as of December 31, 2024, with no valuation changes recognized during the period[24](index=24&type=chunk) [11. Trade and Other Receivables](index=8&type=section&id=11.%20Trade%20and%20Other%20Receivables) This section provides a detailed breakdown and aging analysis of trade and other receivables, along with the average credit period granted to customers Trade and Other Receivables (As of June 30) | Item | 2025 (USD '000) | 2024 (USD '000) | | :--- | :--- | :--- | | Trade receivables | 1,650 | 1,948 | | Other receivables | 1,109 | 1,244 | | **Total trade and other receivables** | **2,759** | **3,192** | | Less: Accrued rental shown under non-current assets | (406) | (406) | | **Total** | **2,353** | **2,786** | - The Group grants an average credit period of **60 days** to its trade customers[25](index=25&type=chunk) Aging Analysis of Trade Receivables (As of June 30) | Aging | 2025 (USD '000) | 2024 (USD '000) | | :--- | :--- | :--- | | 0 to 30 days | 1 | 221 | | 31 to 60 days | – | 313 | | Over 60 days | 1,649 | 1,414 | | **Total trade receivables** | **1,650** | **1,948** | [12. Trade and Other Payables](index=8&type=section&id=12.%20Trade%20and%20Other%20Payables) This section presents a breakdown of trade and other payables, including the average credit period for purchases and the Group's financial risk management policy Trade and Other Payables (As of June 30) | Item | 2025 (USD '000) | 2024 (USD '000) | | :--- | :--- | :--- | | Trade payables | – | 11 | | Accrued wages | 276 | 271 | | Accrued expenses | 305 | 319 | | Rental deposits received | 634 | 634 | | Others | 625 | 353 | | **Total** | **1,840** | **1,588** | - The average credit period for purchases of goods is **90 days**, and the Group adopts a financial risk management policy to ensure all payables are settled within their credit terms[26](index=26&type=chunk) [13. Bank Borrowings](index=9&type=section&id=13.%20Bank%20Borrowings) This section details the Group's bank borrowings, including repayment terms, interest rates, and collateral Bank Borrowings (As of June 30) | Item | 2025 (USD '000) | 2024 (USD '000) | | :--- | :--- | :--- | | Bank loans | 2,500 | – | | **Repayment terms:** | | | | Within one year or on demand | 250 | – | | Over one year but not exceeding two years | 2,250 | – | | **Total** | **2,500** | **–** | | Less: Amount due within one year shown under current liabilities | (250) | – | | **Amount due after one year** | **2,250** | **–** | | **Borrowing risk:** | | | | Fixed-rate borrowings | 2,500 | – | - The Group's fixed-rate borrowings carry an annual interest rate of **3%** and are secured by equivalent pledged bank deposits[27](index=27&type=chunk)[28](index=28&type=chunk) [14. Share Capital](index=10&type=section&id=14.%20Share%20Capital) This section details the Company's authorized and issued share capital, including ordinary shares and convertible non-voting preference shares Authorized Share Capital (As of June 30, 2025) | Class of shares | Number of shares | Amount (USD '000) | | :--- | :--- | :--- | | Ordinary shares of HKD 0.10 each | 1,500,000,000 | 19,355 | | Convertible non-voting preference shares of USD 100,000 each | 150 | 15,000 | | **Total** | | **34,355** | Issued and Fully Paid Share Capital (As of June 30) | Class of shares | 2025 (thousand shares) | 2024 (thousand shares) | 2025 (USD '000) | 2024 (USD '000) | | :--- | :--- | :--- | :--- | :--- | | Ordinary shares of HKD 0.10 each | 730,650 | 730,650 | 9,428 | 9,428 | - Issued and outstanding convertible non-voting preference shares entitle holders to fixed cumulative dividends, additional dividends under certain circumstances, and conversion into the Company's ordinary shares, with no such shares issued during the period[32](index=32&type=chunk) [15. Housing Provident Fund Provision](index=10&type=section&id=15.%20Housing%20Provident%20Fund%20Provision) This section addresses ongoing employee claims for housing provident fund, with management believing adequate provision has been made - Employees of a Group subsidiary have filed claims for housing provident fund, with some claim procedures ongoing and certain appeals under court review, and the directors believe adequate provision has been made[33](index=33&type=chunk) [Management Discussion and Analysis](index=11&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an overview of the Group's business performance, financial position, and future outlook, including liquidity and financial resources [Business Review and Outlook](index=11&type=section&id=Business%20Review%20and%20Outlook) Impacted by global economic instability, US-China tariffs, and high interest rates, the Group's footwear export business nearly halted, leading to a significant revenue decline, while property leasing provides stable cash flow, and the Group anticipates continued market challenges in the second half of 2025 - The Company's manufacturing and export sales of footwear products faced significant challenges following increased US tariffs on Chinese-made goods, resulting in minimal export revenue for the six months ended June 30, 2025, a trend expected to continue in the second half[34](index=34&type=chunk) - The Group's revenue for the six months ended June 30, 2025, reached **USD 1,481,000**, a **54.2%** decrease from the prior year, resulting in a pre-tax loss of **USD 204,000** (prior year: profit of **USD 152,000**)[35](index=35&type=chunk) - The highly unstable global economic and political environment, including US-China tariff disputes, high interest rates, and geopolitical turmoil, has eroded customer confidence, leading to a continued downturn in the consumer retail market[36](index=36&type=chunk) - The idle factory leasing business provides reliable cash flow, and the Group will continue to review existing tenants and prudently seek new ones to maximize asset utilization and enhance long-term revenue stability[38](index=38&type=chunk) - Looking ahead to the second half of 2025, global uncertainties are not expected to improve, with the export market anticipated to remain weak, prompting the Group to maintain flexibility, optimize operational strategies, uphold financial stability, and explore new opportunities[38](index=38&type=chunk) [Liquidity and Financial Resources](index=12&type=section&id=Liquidity%20and%20Financial%20Resources) As of June 30, 2025, the Group's total net assets were **USD 75,091,000**, with cash and cash equivalents at **USD 8,097,000**, new bank borrowings of **USD 2,500,000**, and a current ratio of **5.0 times**, indicating sufficient working capital Overview of Liquidity and Financial Resources (As of June 30) | Metric | 2025 (USD '000) | 2024 (USD '000) | | :--- | :--- | :--- | | Total net assets | 75,091 | 76,283 | | Current assets | 14,068 | 12,384 | | Non-current assets | 82,243 | 82,415 | | Current liabilities | 2,812 | 2,310 | | Non-current liabilities | 18,408 | 16,206 | | Cash and cash equivalents | 8,097 | 8,651 | | Bank borrowings | 2,500 | – | | Current ratio | 5.0 times | 5.4 times | - The Group primarily settles its debts using cash flows from operations, and the directors believe the Group can maintain sufficient working capital for its operations and future expansion[40](index=40&type=chunk) [Other Information](index=12&type=section&id=Other%20Information) This section covers corporate governance, audit committee activities, and the publication of interim results and reports [Purchase, Sale or Redemption of the Company's Listed Securities](index=12&type=section&id=Purchase,%20Sale%20or%20Redemption%20of%20the%20Company's%20Listed%20Securities) For the six months ended June 30, 2025, neither the Company nor its subsidiaries engaged in any purchase, sale, or redemption of its listed securities - Neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities during the six months ended June 30, 2025[41](index=41&type=chunk) [Compliance with Corporate Governance Code](index=12&type=section&id=Compliance%20with%20Corporate%20Governance%20Code) The Company consistently complied with the Corporate Governance Code provisions of the Listing Rules and the Model Code for securities transactions by directors during the reporting period - For the six months ended June 30, 2025, the Company consistently complied with the code provisions set out in the Corporate Governance Code under the Listing Rules[42](index=42&type=chunk) - The Company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers as set out in the Listing Rules, and all directors complied with it throughout the period[43](index=43&type=chunk) [Audit Committee](index=13&type=section&id=Audit%20Committee) The Board's Audit Committee reviewed the Group's unaudited condensed consolidated financial information, interim report, accounting principles, and discussed risk management, internal control, and financial reporting matters for the six months ended June 30, 2025 - The Audit Committee, in conjunction with management, reviewed the Group's unaudited condensed consolidated financial information, interim report, adopted accounting principles and practices, and discussed risk management, internal control, and financial reporting matters for the six months ended June 30, 2025[44](index=44&type=chunk) [Publication of Interim Results Announcement and Interim Report](index=13&type=section&id=Publication%20of%20Interim%20Results%20Announcement%20and%20Interim%20Report) This interim results announcement is published on the HKEX and Company websites, and the interim report will be dispatched to shareholders and published on relevant websites in due course - This announcement will be published on the website of The Stock Exchange of Hong Kong Limited (www.hkex.com.hk) and the Company's website (www.pegasusinternationalholdings.com)[45](index=45&type=chunk) - The interim report for the six months ended June 30, 2025, containing all information required by Appendix 16 of the Listing Rules, will be dispatched to shareholders and published on the websites of The Stock Exchange of Hong Kong Limited and the Company in due course[45](index=45&type=chunk)