GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED (Incorporated in Bermuda with limited liability) （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） (Stock Code 股份代號: 677) The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.grdil.com and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") at www.hkexnews.hk respectively (the "Website Version"). The Company strongly recommends you to access the Website Version of Current Corp ...

GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED Should you have any queries relating to this notification, please call the Branch Share Registrar's telephone hotline at (852) 2980 1333 from 9:00 a.m. to 6:00 p.m., Monday to Friday (excluding public holidays). (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: 677) NOTIFICATION LETTER 通知信函 29 July 2025 Dear Registered Shareholders. Golden Resources Development International Limited (the "Company") – Notice of ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 (A) 「動議： (i) 在本文(ii)段之規限下，一般及無條件批准本公司董事於有關期間（定義見 下文）行使本公司之一切權力，於香港聯合交易所有限公司（「聯交所」）或 本公司股份可能上市而香港證券及期貨事務監察委員會及聯交所就此目的 認可之任何其他證券交易所購回本公司每股面值0.10港元之股份，而董事 乃受限於及根據所有適用法例及聯交所證券上市規則或任何其他證券交易 所之不時修訂之規定而行使本公司一切權力購回該等本公司股份； GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED 677 股東週年大會通告 茲通告本公司謹訂於二零二五年八月二十七日（星期三）上午十一時正假座香港灣仔謝斐 道238號香港諾富特世紀酒店B3層3號宴會廳召開二零二五年股東週年大會（「股東週年大 會」），以便處理下列事項： 一、 省覽截至二零二五年三月三十一日止年度之財務報表與董事會及 ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下之股票經紀或其他註冊證 券商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已出售或出讓 名下所有 GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED（金源發展國際實業有限公司）股份，應立即將本通函連同隨附 之代表委任表格交予買主或承讓人，或經手出售或出讓之銀行、股票經紀或其他代理商，以便 轉交買主或承讓人。 香港交易及結算所有限公司及香港聯合交易所有限公司對本通函的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本通函全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED 677 有關 購回股份及 發行新股份之一般授權 重選退任董事 及 股東週年大會通告 GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED（金源發展國際實業有 限公司）謹訂於二零二五年八月二十七日（星期三）上午十一時正假 ...

2025 年報 GOLDEN RESOURCES 金源集團 金 源 發 展 國 際 實 業 有 限 公 司 (股份代號: 677) 於百慕達註冊成立之有限公司 CIRCLE CO 0 CIRCLE CO | 9 目錄 | 公司資料 | 2 | | --- | --- | | 使命、願景及戰略任務 | 3 | | 主席報告書 | 6 | | 董事會報告書 | 8 | | 企業管治報告 | 23 | | 環境、社會及管治報告 | 38 | | 獨立核數師報告 | 62 | | 綜合損益表 | 69 | | 綜合全面收益表 | 70 | | 綜合財務狀況表 | 71 | | 綜合權益變動表 | 73 | | 綜合現金流量表 | 75 | | 財務報表附註 | 77 | | 投資物業摘要 | 159 | | 集團財政概要 | 160 | 金源發展國際實業有限公司 年報2025 公司 資料 董事會 執行董事 林烱熾 （主席及集團執行主席） 林世豪 （副主席及集團行政總裁） 林世雯 源美棠 曾春曜 獨立非執行董事 林源道 余達志 林健鋒 公司秘書 卓育龍 核數師 畢馬威會計師事務所 執業會計師 根據會計及財務匯報局條例 ...

[Performance Overview and Consolidated Financial Statements](index=1&type=section&id=Performance%20Overview%20and%20Consolidated%20Financial%20Statements) This section provides a comprehensive summary of the Group's financial performance and position for the fiscal year [Consolidated Financial Performance](index=1&type=section&id=Consolidated%20Financial%20Performance) The Group's total revenue remained stable at approximately HKD 2.08 billion in FY2024/2025, but a revaluation loss on investment properties, increased impairment losses, and higher cost of sales led to a net loss of HKD 14.47 million attributable to shareholders, compared to a profit of HKD 107 million in the prior year, resulting in a basic loss per share of 0.9 HK cents Consolidated Income Statement Summary (For the Year Ended March 31) | Indicator | 2025 (Thousand HKD) | 2024 (Thousand HKD) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Revenue | 2,078,872 | 2,072,294 | +0.3% | | Gross Profit | 794,496 | 804,527 | -1.2% | | Operating Profit | 4,699 | 148,897 | -96.8% | | (Loss)/Profit for the Year | (11,005) | 110,737 | Turned from Profit to Loss | | (Loss)/Profit Attributable to Company Shareholders | (14,466) | 106,848 | Turned from Profit to Loss | | Basic (Loss)/Earnings Per Share | (0.9) HK cents | 6.3 HK cents | Turned from Profit to Loss | Consolidated Statement of Financial Position Summary (As of March 31) | Indicator | 2025 (Thousand HKD) | 2024 (Thousand HKD) | | :--- | :--- | :--- | | Non-current Assets | 1,356,459 | 1,333,586 | | Current Assets | 744,021 | 747,634 | | Total Assets | 2,100,480 | 2,081,220 | | Current Liabilities | 432,087 | 401,026 | | Non-current Liabilities | 358,453 | 320,522 | | Equity Attributable to Shareholders | 1,266,509 | 1,319,781 | - The primary reasons for the shift from profit to loss include: (i) revaluation of investment properties turning from surplus to loss; (ii) increased impairment losses on right-of-use assets and equipment; and (iii) higher selling and distribution costs[39](index=39&type=chunk) [Chairman's Statement and Management Discussion and Analysis](index=4&type=section&id=Chairman's%20Statement%20and%20Management%20Discussion%20and%20Analysis) This section provides an overview of the Group's strategic direction, operational highlights, and financial performance across its various business segments [Business Review and Outlook](index=4&type=section&id=Business%20Review%20and%20Outlook) Despite a challenging macroeconomic environment, the Group maintained stable revenue across Hong Kong, Macau, Southeast Asia, and North Asia, driven by solid performance in its core food and convenience store retail businesses, while preparing for its 80th anniversary and expressing confidence in future expansion - The Group maintained stable overall revenue despite unfavorable market conditions, supported by its core food business, convenience store retail business, and the Niseko project in Japan[6](index=6&type=chunk) - The Group expanded its Japan operations in June 2023 by acquiring the Niseko Hirafu project, completing preliminary planning for a "Leisure Lifestyle Resort" and introducing seven restaurants[9](index=9&type=chunk) - The Group Chairman remains optimistic about the future, believing that prudent management and innovative development strategies will help the Group withstand short-term economic fluctuations and achieve new milestones[6](index=6&type=chunk)[10](index=10&type=chunk) [Segment Business Performance](index=7&type=section&id=Segment%20Business%20Performance) This fiscal year saw the convenience store business turn to loss due to increased costs and asset impairment despite revenue growth, while the food business remained profitable, packaging materials declined, retail entertainment profits significantly decreased from reduced investment property revaluation gains, and property investment recorded a loss due to a weak market [Circle K Convenience Store Business](index=7&type=section&id=Circle%20K%20Convenience%20Store%20Business) Despite weak local consumer sentiment and exchange rate fluctuations in Vietnam, convenience store revenue grew by 2.2%, but the segment turned to a loss of HKD 36.14 million due to increased operating costs and asset impairment, while the company expanded customer reach through loyalty programs and online platforms, opening over 500 stores in Vietnam Convenience Store Business Financial Performance | Indicator | 2025 (Thousand HKD) | 2024 (Thousand HKD) | | :--- | :--- | :--- | | Revenue | 1,198,636 | 1,172,906 | | Segment (Loss)/Profit | (36,144) | 10,862 | - Circle K Vietnam became the first convenience store brand in the country to exceed **500** stores, with plans for continued expansion[7](index=7&type=chunk) [Food Business](index=8&type=section&id=Food%20Business) The food business remained stable this fiscal year with revenue of HKD 711 million and segment profit of HKD 64.09 million, largely consistent with the prior year, as the Group, a leading packaged rice producer in Hong Kong, prepares for the China market by introducing fully automated production and targets younger consumers with new marketing campaigns Food Business Financial Performance | Indicator | 2025 (Thousand HKD) | 2024 (Thousand HKD) | | :--- | :--- | :--- | | Revenue | 711,242 | 717,478 | | Segment Profit | 64,087 | 66,324 | - The Group plans to introduce a fully automated rice milling and packaging system to improve production costs, enhance capacity, and prepare for entry into the China market[8](index=8&type=chunk)[41](index=41&type=chunk) [Packaging Materials Business](index=8&type=section&id=Packaging%20Materials%20Business) The packaging materials business recorded revenue of HKD 154 million and segment profit of HKD 11.74 million, both declining from the prior year, yet benefited from increased export demand from overseas clients in Japan and Korea, with plans to continue driving growth and launching more eco-friendly products Packaging Materials Business Financial Performance | Indicator | 2025 (Thousand HKD) | 2024 (Thousand HKD) | | :--- | :--- | :--- | | Revenue | 154,383 | 166,754 | | Segment Profit | 11,739 | 13,214 | [Retail Entertainment Business](index=8&type=section&id=Retail%20Entertainment%20Business) The retail entertainment business generated revenue of HKD 9.93 million and profit of HKD 8.66 million, with profit significantly decreasing from the prior year primarily due to reduced revaluation surplus on investment properties Retail Entertainment Business Financial Performance | Indicator | 2025 (Thousand HKD) | 2024 (Thousand HKD) | | :--- | :--- | :--- | | Revenue | 9,930 | 11,515 | | Segment Profit | 8,656 | 72,437 | [Property Investment](index=8&type=section&id=Property%20Investment) The property investment segment's total rental income grew by 35.5% to HKD 4.68 million, but the segment recorded a loss of HKD 37.17 million due to revaluation losses on investment properties caused by a weak property market Property Investment Business Financial Performance | Indicator | 2025 (Thousand HKD) | 2024 (Thousand HKD) | | :--- | :--- | :--- | | Revenue (Rental) | 4,681 | 3,455 | | Segment Loss | (37,169) | (22,064) | [Liquidity and Financial Resources](index=20&type=section&id=Liquidity%20and%20Financial%20Resources) The Group maintained a robust financial position with a cash balance of HKD 357 million and a current ratio of 1.7 times as of March 31, 2025, possessing ample financial resources to meet working capital needs and future development without outstanding bank loans Liquidity Ratios (As of March 31, 2025) | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Cash and Deposits (Thousand HKD) | 356,959 | 351,227 | | Current Ratio | 1.7 Times | 1.9 Times | | Outstanding Bank Loans (Thousand HKD) | 0 | 0 | - The Group believes it possesses ample financial resources, along with available bank facilities, to meet its commitments and working capital requirements[46](index=46&type=chunk) [Notes to the Financial Statements](index=6&type=section&id=Notes%20to%20the%20Financial%20Statements) This section provides detailed disclosures and explanations supporting the consolidated financial statements [Segment Information](index=7&type=section&id=Segment%20Information) The Group's operations are divided into seven segments, with primary revenue sources from Vietnam (HKD 1.2 billion) and Hong Kong (HKD 710 million), and the convenience store business being the largest contributor, accounting for approximately 57.7% of total revenue Revenue by Geographical Market (Thousand HKD) | Region | 2025 | 2024 | | :--- | :--- | :--- | | Vietnam | 1,198,636 | 1,173,092 | | Hong Kong | 711,946 | 732,696 | | Mainland China and Other Regions | 168,290 | 166,506 | | **Total** | **2,078,872** | **2,072,294** | - The Group's operating segments include convenience stores, food, packaging materials, securities investment, property investment, retail entertainment, and corporate and other businesses[16](index=16&type=chunk)[17](index=17&type=chunk) [Dividends](index=16&type=section&id=Dividends) The Board proposes a final dividend of 1.2 HK cents per share, consistent with the prior year, bringing the total dividend for the year to 2.3 HK cents per share, unchanged from the previous fiscal year Annual Dividend Summary | Dividend Type | 2025 Fiscal Year (HK cents per share) | 2024 Fiscal Year (HK cents per share) | | :--- | :--- | :--- | | Interim Dividend | 1.1 | 1.1 | | Proposed Final Dividend | 1.2 | 1.2 | | **Total for the Year** | **2.3** | **2.3** | [Loss/Earnings Per Share](index=17&type=section&id=Loss%2FEarnings%20Per%20Share) The basic loss per share for the current year is 0.9 HK cents, compared to a basic earnings per share of 6.3 HK cents in the prior year, calculated based on a loss attributable to shareholders of HKD 14,466,000 and approximately 1.697 billion ordinary shares outstanding, with no potential dilutive effects in either year - Basic loss per share is calculated based on the loss attributable to company shareholders of **HKD 14,466,000** and **1,697,406,458** ordinary shares outstanding[33](index=33&type=chunk) - There were no dilutive ordinary shares for either year[34](index=34&type=chunk) [Corporate Governance and Other Information](index=21&type=section&id=Corporate%20Governance%20and%20Other%20Information) This section details the company's adherence to corporate governance principles, compliance with regulations, and information regarding its employees and remuneration policies [Corporate Governance and Compliance](index=22&type=section&id=Corporate%20Governance%20and%20Compliance) The company adopted and complied with all code provisions of the Corporate Governance Code under the Hong Kong Listing Rules during the year, with directors confirming compliance with the standard code for securities transactions, and no purchases, sales, or redemptions of the company's listed shares by the company or its subsidiaries occurred during the year - The Company complied with all code provisions of the Corporate Governance Code for the year ended March 31, 2025[53](index=53&type=chunk) - The Audit Committee reviewed the Group's audited financial report for the year ended March 31, 2025[51](index=51&type=chunk) - During the year, neither the Company nor its subsidiaries purchased, sold, or redeemed any of the Company's listed shares[55](index=55&type=chunk) [Employees and Remuneration Policy](index=21&type=section&id=Employees%20and%20Remuneration%20Policy) As of the reporting period end, the Group employed approximately 4,203 staff and implemented a regularly reviewed remuneration policy that includes salaries, retirement benefits, medical insurance, and accommodation allowances for some employees - The Group's total number of employees was approximately **4,203**[50](index=50&type=chunk) - Employee benefits include salaries, retirement benefit schemes, medical insurance plans, and dormitory and housing allowances for certain employees[50](index=50&type=chunk)

第 1 頁 共 2 頁 v 1.1.1 EF001 EF001 獨立非執行董事為林源道先生、余達志先生和林健鋒先生。 免責聲明 第 2 頁 共 2 頁 v 1.1.1 | 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 金源發展國際實業有限公司 | | 股份代號 | 00677 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年3月31日止年度業績公告 | | 公告日期 | 2025年6月26日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2025年3月31日 | | 宣派股息的報告期末 | 2025年3月31日 | | 宣派股息 | 每 股 0.012 HKD | | 股東批准日期 | 2025 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 香港，二零二五年六月十六日 GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED 於本公告日期，本公司之執行董事為林烱熾先生(主席及集團執行主席)、林世豪先生(副 主席及集團行政總裁)、林世雯女士、源美棠小姐和曾春曜先生。本公司之非執行董事 為林世康先生。本公司之獨立非執行董事為林源道先生、余達志先生和林健鋒先生。 金源發展國際實業有限公司 金源發展國際實業有限公司（「本公司」）董事會（「董事會」）謹此公佈，本公司將於二 零二五年六月二十六日（星期四）上午十一時假座香港灣仔謝斐道218號金源集團大廈 29樓會議室舉行董事會會議，以（其中包括）考慮及批准刊發本公司及其附屬公司截至 二零二五年三月三十一日止財政年度之全年業績公告，及考慮派發末期股息（如有）。 承董事會命 金源發展國際實業有限公司 公司秘書 卓育龍 ( 於百慕達註冊成立之有限公司 ) (股份代號 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED 金源發展國際實業有限公司 承董事會命 金源發展國際實業有限公司 主席 林烱熾 (股份代號：677) 香港，2025年6月16日 內幕消息 及 盈利警告 本公告乃由金源發展國際實業有限公司（「本公司」），連同其附屬公司，統稱（「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條以及證 券及期貨條例（香港法例第571章）（「證券及期貨條例」）第XIVA部的內幕消息條文 （定義見上市規則）而作出。 根據本公司現有資料，董事會認為預期由盈轉虧主要由於以下原因的綜合影響：(i)本期 投資物業之重估虧損約21,800,000港元，相比截至2024年3月31日止的上一個年度的投資 物業之重估盈餘約69,400,000港元；(ii)使用權資產及設備之減值虧損增加約15,200,000 港元 ...

GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED (Incorporated in Bermuda with limited liability) （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） (Stock Code 股份代號: 677) NOTIFICATION LETTER 通知信函 1. Non-Registered Holder means such person or company whose shares are held in The Central Clearing and Settlement System (CCASS) and who has notified the Company from time to time through Hong Kong Securities Clearing Company Limited that such person or company wishes to receive Corporate Communications of the Company. 2. Corporate ...