Financial Performance - Total revenue for the first half of the fiscal year 2024/2025 reached approximately HKD 1,038.3 million, a slight increase from HKD 1,027.0 million in the same period last year[4] - The group recorded a minor loss attributable to shareholders of approximately HKD 4.6 million, primarily due to a revaluation loss of investment properties amounting to HKD 13.9 million[4] - The operating profit for the first half of the fiscal year was HKD 4.7 million, a significant decrease from HKD 114.5 million in the previous year[15] - The overall comprehensive income for the period was HKD 10.98 million, a decrease from HKD 62.02 million in the previous year[19] Business Segments - The food business remains a solid pillar, contributing significantly to the group's fast-moving consumer goods (FMCG) segment despite intense competition in the rice market[7] - The packaging materials business achieved revenue growth with segment profit of approximately HKD 7.9 million, supported by effective cost control and expansion into overseas markets[8] - The number of Circle K convenience stores in Vietnam increased to 482, representing a net addition of 48 stores compared to the same period last year[5] - The group anticipates continued growth in its core food business and ongoing development of its convenience store operations in Vietnam as the economy gradually recovers[4] Cash Flow and Liquidity - Cash and bank deposits as of September 30, 2024, amounted to approximately HKD 425.4 million, reflecting strong cash flow from various business segments[12] - The net cash generated from operating activities for the six months ended September 30, 2024, was HKD 189,013,000, an increase of 36.7% compared to HKD 138,277,000 for the same period in 2023[9] - The total cash and cash equivalents increased by HKD 110,764,000, compared to an increase of HKD 80,926,000 in the prior year, representing a growth of 36.8%[9] - As of September 30, 2024, the cash and cash equivalents balance was HKD 423,975,000, up from HKD 373,967,000, marking a 13.4% increase[9] Assets and Liabilities - Total assets as of September 30, 2024, amounted to HKD 1,350,283, a slight decrease from HKD 1,359,672 as of March 31, 2024[33] - Current assets totaled HKD 773,778, an increase from HKD 747,634, with cash and deposits at HKD 425,377[45] - Total liabilities decreased to HKD 426,936 from HKD 401,026, with current liabilities including trade payables of HKD 141,370[45] - The company’s total liabilities were reported at HKD 721,548,000, indicating a manageable debt level[182] Shareholders' Equity - Shareholders' equity as of September 30, 2024, was HKD 1,319,781, down from HKD 1,359,672[75] - Retained earnings decreased to HKD 623,070, reflecting a loss of HKD 4,639 during the period[75] - The company reported a total comprehensive income of HKD 1,301,652 for the six months ended September 30, 2023[75] - The company has a dividend reserve of HKD 20,369, which was unchanged during the period[75] Financial Adjustments and Standards - The impact of foreign exchange adjustments resulted in a gain of HKD 2,539,000, compared to a loss of HKD (7,319,000) in the previous year[9] - The company adopted new and revised Hong Kong Financial Reporting Standards, which did not have a significant impact on the financial statements for the current or prior periods[81]

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。 1 GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED 金 源 發 展 國 際 實 業 有 限 公 司 （於百慕達註冊成立之有限公司） (股份代號： 677) 2024∕2025 年 度 中 期 業 績 公 告 截 至 2024 年 9 月 30 日 止 6 個 月 中期業績概要 Golden Resources Development International Limited（金源發展國際實業有限公司）（「本公司 」）董事會欣然公佈本公司及其附屬公司（「本集團」）截至 2024 年 9 月 30 日止 6 個月之未 經審核綜合業績如下： | --- | --- | --- | --- | |--------------------------------------------------------------------------------- ...

金源發展國際實業有限公司 年報2024 目錄 3 161 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 非執行董事 林世康 主要營業地點 香港新界青衣 長達路 2-12 號 金源米業食品中心 公司網址 http://www.grdil.com 註冊辦事處 Clarendon House, 2 Church Street Hamilton HM11, Bermuda 把優質品牌帶給每個家庭。 戰略任務 金源發展國際實業有限公司 年報2024 金源發展國際實業有限公司 年報2024 在全球經濟仍存在不明朗因素下，集團在香港、 澳門、東南亞及北亞地區的業務仍保持良好勢頭， 出口業務亦同時擴展至歐洲和美國。 Circle K 持續展現韌性 本年度營收與去年同期相若，而利潤則因較高營 運成本而受到影響。另越南盾疲弱，同比上年度， 業績亦出現因滙率造成的差異。 受惠於品牌在香港和個別國際市場上的雄厚實力， 過去 75 年來，我們一直保持香港市場包裝食米生 產商、批發和分銷商的領導地位。 年內集團的包裝物料業務受惠來自海外的客戶， 包括日本及韓國的出口復甦，以及澳洲 ...

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。 每股盈利 8 — 基本 6.3 港仙 7.6 港仙 — 攤薄 6.3 港仙 7.6 港仙 GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED 金源發展國際實業有限公司 （於百慕達註冊成立之有限公司） (股份代號：677) 截 至 2024 年 3 月 31 日 止 年 度 業 績 公 告 綜合損益表 截至2024年3月31日止年度 應佔本年度溢利： 本公司股東 106,848 128,679 非控股權益 3,889 (3,634) 綜合財務狀況表 於2024年3月31日 3 尊敬的股東︰ 全賴滿足家庭和個人日常需要的優質品牌及服務，集團主要產品銷售及零售服務需求仍然殷切，加 上二世古的新項目及包裝方案業務，令 2023 至 2024 財政年度的整體業績表現正面。 Circle K 持續展現韌性 年內便利店的數目增至 455 家，透過進一步投資便利店的系統 ...

22 便利店業務 包裝材料業務 於 2023 年 5 月 31 日， 本 公 司 之 間 接 全 資 附 屬 公 司 耀 榆 有 限 公 司（「 耀 榆」）與 NI Corporation 之原股東，簽訂買賣協議。根據協議，以 3,404,000,000 日元的代價收購 NI Corporation 的全部已發行股本。2023 年 6 月完成收購後，NI Corporation，一間根據日 本法律成立的股份制有限責任公司，及其全資附屬公司 Izumikyo Co., Ltd.（株式會社泉 郷），一間根據日本法律成立的股份制有限責任公司，正式成為本集團的新板塊 — 零售娛 樂業務。 我們希望通過這次戰略性收購 NI Corporation 及其全資附屬公司 Izumikyo Co., Ltd. 擴大 我們的業務版圖，將是次收購包括約 326,000 平方米土地，當中 80% 毗鄰二世古聯合滑 雪場四大滑雪勝地之一比羅夫的核心地帶，打造成「零售娛樂」的新地標。 本集團保持良好的流動性比率。於 2023 年 9 月 30 日的流動比率（定義為流動資產總額除 以流動負債總額）為 1.8 倍（2023 年 3 月 31 ...

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 （於百慕達註冊成立之有限公司） (股份代號： 677) 2023∕2024 年 度 中 期 業 績 公 告 截 至 2023 年 9 月 30 日 止 6 個 月 中期業績概要 Golden Resources Development International Limited（金源發展國際實業有限公司）（「本公 司」）董事會欣然公佈本公司及其附屬公司（「本集團」）截至 2023 年 9 月 30 日止 6 個月之 未經審核綜合業績如下： 簡明綜合損益表 截至9月30日止6個月 2023年 2022年 （未經審核） （未經審核） 附註 千港元 千港元 收益 3 1,026,985 1,030,008 銷售成本 (627,647) (629,783) 毛利 ...

Audit and Governance - The total audit fees for the group amounted to approximately HKD 1,609,000, with non-audit service fees around HKD 10,000 for the year ending March 31, 2023[13]. - The audit committee held two meetings during the year ending March 31, 2023, with all members attending both sessions[4]. - The audit committee reviewed the financial statements for the year ending March 31, 2022, and the six months ending September 30, 2022[7]. - The audit committee, established in August 1999, consists of three independent non-executive directors and is responsible for overseeing external auditors and financial controls[53]. - The board of directors conducted a review of the company's corporate governance policies and practices for the fiscal year 2022/2023[11]. - The board of directors is committed to enhancing corporate governance practices suitable for business growth[8]. - The board has three committees: the remuneration committee, audit committee, and nomination committee, to oversee specific company matters[58]. - The company has implemented a suitable directors and officers liability insurance to protect its executives from potential liabilities arising from their duties[179]. Risk Management and Compliance - The board is responsible for maintaining a robust and effective risk management and internal control system, which was reviewed for effectiveness during the year[22]. - The company has established a whistleblowing policy to provide guidance and reporting channels for employees and third parties regarding suspected misconduct[19]. - The board is responsible for setting company strategy, assessing ESG risks, and ensuring effective risk management and internal control systems[51]. - The company has not been aware of any significant legal violations or regulatory breaches that could severely impact its business as of March 31, 2023[175]. Environmental, Social, and Governance (ESG) Practices - The company emphasizes the importance of strong environmental, social, and governance (ESG) practices for sustainable development in the communities where it operates[43]. - The ESG report is prepared according to guidelines that include principles of materiality, quantification, consistency, and balance[44][46]. - The company is committed to enhancing financial performance while actively implementing policies for environmental protection and social responsibility[43]. - The company emphasizes the implementation of appropriate policies and measures to meet stakeholder expectations regarding ESG performance[50]. - The annual ESG report reflects the company's progress in achieving its ESG goals and the efforts made to address stakeholder interests[52]. - The company has identified 18 significant ESG issues, with 7 categorized as very important and 9 as important, based on stakeholder assessments[64]. - The group is committed to environmental sustainability by encouraging employees to maintain a green office environment and reduce resource consumption[103]. - The group has implemented eco-friendly procurement practices, including the use of environmentally friendly tools and furniture[105]. Financial Performance - The group recorded total revenue of HKD 2,059,774,000 and a net profit attributable to shareholders of HKD 128,679,000 for the fiscal year ending March 31, 2023, showing positive growth[167]. - The convenience store business achieved a record revenue of HKD 1,201,811,000, representing a 46% increase from HKD 822,819,000 in the previous year[168]. - The rice business generated revenue of HKD 709,018,000 and a pre-tax profit of HKD 105,607,000 during the fiscal year[169]. - The packaging materials business reported external sales revenue of HKD 144,969,000 but incurred a pre-tax loss of HKD 9,323,000 due to adverse effects from the pandemic[171]. - As of March 31, 2023, the group maintained a cash balance of HKD 540,227,000 and a current ratio of 2.4 times[172]. - The group has a strong financial position, with total current assets of HKD 898,207,000 and total current liabilities of HKD 369,837,000 as of March 31, 2023[172]. Business Strategy and Growth - The group aims to expand its quality brand and innovative platform portfolio through organic growth or acquisitions in various regions[47]. - The company plans to expand its convenience store business in Vietnam, leveraging its retail platform to attract global partners into the market[147]. - The company is investing in a new headquarters in Wan Chai, reflecting confidence in Hong Kong's status as a global business hub[151]. - The group plans to develop a "leisure retail" hub near the center of Niseko, leveraging its experience in fast-moving consumer goods and retail operations[152]. - The company is expanding its retail entertainment business and has invested in the Niseko ski resort in Japan as part of its long-term development strategy[194]. - The group believes that the global economy will accelerate recovery as the impact of the pandemic diminishes, positioning itself for future opportunities and challenges[172]. Community Engagement and Social Responsibility - The company continues to support various charitable organizations and community initiatives, collaborating with institutions like the Hong Kong Parkinson's Disease Foundation[181]. - The company has been recognized for its contributions to the Vietnamese rice industry, with its CEO receiving the Ap Bac medal from the Vietnamese government[195]. Environmental Initiatives - The company aims to reduce total harmless waste density by developing technology to lower it by 5% by 2030, based on 2022 levels[76]. - The company plans to decrease electricity consumption density by 5% and greenhouse gas emissions density by 5% by 2030, compared to 2022[76]. - Water consumption is targeted to decrease by 10% in density by 2030, using 2022 as the baseline[76]. - Total harmless waste generated in 2023 was 192.23 tons, a decrease from 204.97 tons in 2022[76]. - The company introduced Hong Kong's first eco-friendly biodegradable plastic rice bag to reduce plastic pollution[77]. - Water consumption for the rice business in 2023 was 2,465 cubic meters, down from 2,556 cubic meters in 2022[88]. - The company reported a total greenhouse gas emission of 1,876.89 tons in 2023, slightly down from 1,909.84 tons in 2022[96]. - The company’s energy consumption from liquefied petroleum gas in the rice business decreased to 17,846 liters in 2023 from 20,580 liters in 2022[93]. - The company’s purchased electricity for convenience store operations increased significantly to 39,969,380 kWh in 2023 from 21,367,809 kWh in 2022[93]. - The group has reduced plastic bag usage in its rice business from 562.75 tons in 2022 to 486.11 tons in 2023, a decrease of approximately 13.6%[102]. - In the convenience store business, plastic bag usage decreased significantly from 68.43 tons in 2022 to 359.60 tons in 2023, indicating a shift in packaging strategy[102]. - The group prioritizes the procurement of energy-efficient products, such as energy-saving motors and air conditioners, to minimize indirect carbon emissions from electricity consumption[99]. - The packaging materials used in the rice business included 46.70 tons of paper and 486.11 tons of plastic bags in 2023, reflecting ongoing efforts to explore alternative materials[102]. - The company is actively promoting resource efficiency and adopting green technologies, such as installing LED lighting throughout its buildings to reduce energy costs[180]. - The company has launched Hong Kong's first "eco-friendly rice bags" made from materials that comply with EU packaging regulations, which decompose after disposal[180]. Management and Leadership - The company has made changes in its executive leadership, with new appointments effective April 18, 2023[182]. - The company has a strong management team with extensive experience in finance and accounting, including members with backgrounds in wealth management and auditing[198][199]. - The company is focused on asset management and corporate finance, with over 20 years of experience in these areas among its directors[199]. - The independent non-executive director has significant experience in tax auditing and cross-border tax issues, which may benefit the company's strategic decisions[199].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 GOLDEN RESOURCES DEVELOPMENT INTERNATIONAL LIMITED 金源發展國際實業有限公司 （於百慕達註冊成立之有限公司） (股份代號：677) 截至2023年3月31日止年度 業 績 公 告 業績概要 Golden Resources Development International Limited（金源發展國際實業有限公司）（「本公司」） 董事會欣然公佈本公司及其附屬公司（「本集團」）截至 2023年 3月31日止年度之經審核綜合業 績如下﹕ 綜合損益表 截至2023年3月31日止年度 2023年 2022年 附註 千港元 千港元 收益 3 2,059,774 1,774,233 銷售成本 (1,271,869) (1,136,338) 毛利 787,905 637,895 於損益賬按公平值處理之金融資產之未變現 虧損淨額 (805) (3,509) 重估投資物 ...

2022/2023 米崇 金 源 米 龚 图 廖 有 限 公 司 (股权代號: 677) 於西慕迪註骨成立之有限公司 01 主席報告書 本人謹代表金源米業國際有限公司公佈截至 2022 年 9 月 30 日止的中期業績報告。 於回顧期內的六個月，集團於香港及越南市場的收入均錄得增長。股東應佔純利為 74,764,000 港元，集團的總營業額較去年同期增長 20.6%，即由 853,525,000 港元增至 1,030,008,000 港元。 越南 Circle K 便利店業務 集團在越南的便利店業務，表現令人鼓舞並錄得除稅後純利 48,801,000 港元。營業額較 去年同期的 399,202,000 港元大幅增加 52%，達至 606,866,000 港元。 顯著增長是由於越南的經濟迅速復甦，遊客增加，加上集團推行一系列的措施強化和改革 業務的組織架構及高級管理層的領導能力，優化物流和分銷系統，精準地把握當地地理和 人口覆蓋，重新分佈便利店的店址，淘汰營業表現不理想的店舖，開源節流，擴大零售平 台和分銷網絡，藉此配合集團的發展策略，從而大大增強暢銷貨品的品種和數量。 目前全國共有 398 間店舖，分佈於 9 ...

Business Operations - As of March 31, 2022, the company operated 383 convenience stores in Vietnam, covering 8 major cities[15]. - The convenience store business experienced a strong rebound in sales revenue in the first two months of the current fiscal year, following a period of underperformance during the pandemic[14]. - The overall business environment in Vietnam is gradually returning to normal, which is expected to improve the financial performance of the convenience store business in the current and future periods[14]. - The company’s convenience store operations were granted special authorization by the Vietnamese government to continue operating during lockdowns, providing essential goods to the community[12]. - The convenience store business is expected to enter a strong recovery phase, with sales revenue showing a strong rebound in the first two months of the following fiscal year[33]. - The company is expanding its operations in Vietnam, where Circle K is a market leader in convenience stores in terms of store count and brand recognition[79]. Financial Performance - The company recorded total revenue of HKD 1,774,233,000 for the year ending March 31, 2022, compared to HKD 1,614,360,000 in the previous year, reflecting a slight decline in core business revenue due to global market uncertainties[31]. - The company's net profit attributable to shareholders decreased to HKD 18,697,000 for the year ending March 31, 2022, down from HKD 40,212,000 in the previous year, primarily due to unrealized losses on financial assets and impairment losses in the convenience store business[32]. - The convenience store business recorded a net loss of HKD 104,700,000 for the year, an improvement from a loss of HKD 121,760,000 in the previous year, aided by innovative marketing strategies and operational efficiency improvements[33]. - The rice business recorded a pre-tax profit of HKD 126,350,000 for the fiscal year ending March 31, 2022, compared to HKD 132,210,000 in the previous year, reflecting a decrease of approximately 4.5%[36]. - The bad debt amount for the rice business was HKD 27,000, maintaining a low bad debt rate despite economic downturns[36]. - The company proposed a final dividend of HKD 0.012 per share, maintaining the same level as the previous year, resulting in a total dividend of HKD 0.024 per share for the year[21]. Market Strategy and Innovation - The company strategically expanded its premium rice brand, Jinxiang, into the mainland China market, receiving positive feedback and demonstrating strong growth potential[16]. - The company continues to develop its product range, recently launching a new product, "Golden Elephant Microwave Home-style Rice," in collaboration with a well-known food manufacturer[31]. - The company has strengthened its distribution network and marketing strategies to adapt to the unprecedented changes in the retail environment caused by the pandemic[12]. - The company reported that the Hong Kong rice market is highly competitive, prompting a focus on innovative product offerings[16]. - The group is focused on market expansion and product innovation, successfully launching new products in the mainland China market[36]. Corporate Governance - The company is committed to continuous improvement in its corporate governance and compliance with listing rules, ensuring the independence of its non-executive directors[76]. - The company has established appropriate directors' and officers' liability insurance to protect its board members from potential liabilities arising from their roles[79]. - The board consists of nine members, including five executive directors, one non-executive director, and three independent non-executive directors[117]. - The company has adopted all applicable code provisions from the corporate governance code as part of its governance practices[116]. - The board has three committees: the remuneration committee, audit committee, and nomination committee, each with defined responsibilities approved by the board[125]. Environmental, Social, and Governance (ESG) Practices - The company emphasizes the importance of strong environmental, social, and governance (ESG) practices for sustainable development in its operations[164]. - The company is committed to enhancing financial performance while actively implementing policies for environmental protection and social responsibility[164]. - The ESG report is prepared according to guidelines that emphasize importance, quantification, consistency, and balance[165]. - The company aims to reduce electricity consumption density by 5% and greenhouse gas emissions density by 5% by 2030, with a 10% reduction target for water usage density[180]. - The company has launched Hong Kong's first eco-friendly biodegradable plastic rice bag to contribute to reducing plastic pollution[185]. Risk Management and Economic Outlook - The company continues to monitor risks related to geopolitical tensions, inflation, and potential Federal Reserve policy missteps[55]. - The management believes that the COVID-19 pandemic will soon be better controlled, paving the way for a steady recovery of the global economy[40]. - The company is optimistic about the recovery of the global economy as COVID-19 vaccination programs progress, although it remains cautious about potential challenges from new variants and geopolitical threats[31]. Shareholder Information - Major shareholders include Yuen Loong International Limited holding 32.28% and Chelsey Developments Ltd. holding 14.86% of the company's issued share capital[109]. - The company reported a total of 38,532,000 shares held by director Lin Kuang-Chi, representing approximately 2.27% of the issued share capital[89]. - The company has no preferential rights for existing shareholders regarding the issuance of new shares[100].