HUSCOKE HOLDINGS LIMITED 和嘉控股有限公司 (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：704) NOTIFICATION LETTER 通知信函 21 November 2025 If you would like to (A) receive printed copy of the Current Corporate Communication; and/or (B) change your preferred means of receiving future Corporate Communications (Note) , please complete the form on the reverse side of this letter (the "Request Form"), sign and return it by post using the mailing label at the bottom of the Request Form (no ...

HUSCOKE HOLDINGS LIMITED 和嘉控股有限公司 (Incorporated in Bermuda with limited liability) （於百慕達註冊成立之有限公司） LETTER TO NEW SHAREHOLDERS 致新股東信函 21 November 2025 Dear New Registered Shareholder(s), Election of Means of Receipt of Corporate Communications As a shareholder of Huscoke Holdings Limited (the "Company"), you may choose to receive corporate communications of the Company (the "Corporate Communications") through electronic means or in printed form. You may access the Corporate Communications on the Company's we ...

Financial Performance - Revenue for the six months ended 30 September 2025 was HK$29,241,000, a decrease of 15.5% compared to HK$34,436,000 for the same period in 2024[11]. - Gross profit increased to HK$757,000 from HK$45,000, marking a significant improvement[11]. - Compensation income for the period was HK$9,370,000, slightly down from HK$9,978,000, representing a decrease of 6.1%[11]. - Loss before tax narrowed to HK$12,825,000 from HK$15,974,000, indicating a reduction of 19.5%[11]. - Total comprehensive income for the period was HK$12,447,000, up from HK$10,971,000, reflecting an increase of 13.4%[13]. - Loss attributable to owners of the Company was HK$12,881,000, an improvement from HK$15,973,000[12]. - Basic and diluted loss per share attributable to ordinary equity holders of the Company for the period was HK4.43 cents, an improvement from HK5.50 cents in the previous period[15]. - The company reported a total comprehensive loss for the period of HK$10,971,000, compared to a loss of HK$15,974,000 in the previous period, indicating an improvement of about 31.5%[21]. - The Group recorded a revenue of approximately HK$29,241,000 for the Reporting Period, a decrease from HK$34,436,000 in the previous period[113][116]. - Gross profit for the Reporting Period was approximately HK$757,000, with a gross profit margin of 2.58%, compared to HK$45,000 and 0.13% in the previous period[114][118]. - The Group's loss for the Reporting Period was approximately HK$12,825,000, an improvement from a loss of HK$15,974,000 in the previous period[133][137]. Expenses and Costs - Administrative expenses decreased to HK$7,550,000 from HK$8,345,000, a reduction of 9.5%[11]. - Finance costs decreased to HK$15,402,000 from HK$17,653,000, a decline of 12.8%[11]. - Total employee benefit expenses increased from HK$4,031,000 to HK$4,400,000, with wages and salaries rising from HK$3,953,000 to HK$4,331,000[69]. - Depreciation for the period was HK$745,000, with HK$740,000 attributed to right-of-use assets[69]. - Interest expenses on other borrowings decreased from HK$16,264,000 to HK$14,254,000 year-over-year[67]. Assets and Liabilities - Total non-current assets as of 30 September 2025 amounted to HK$1,701,346,000, up from HK$1,668,142,000 as of 31 March 2025, reflecting a growth of 2.0%[17]. - Current assets increased to HK$150,355,000 as of 30 September 2025, compared to HK$142,757,000 as of 31 March 2025, representing a rise of 5.6%[17]. - Total current liabilities rose to HK$610,755,000 as of 30 September 2025, compared to HK$587,253,000 as of 31 March 2025, indicating an increase of 4.0%[17]. - Net current liabilities as of 30 September 2025 were HK$(460,400,000), worsening from HK$(444,496,000) as of 31 March 2025[17]. - Total non-current liabilities increased to HK$187,309,000 as of 30 September 2025, compared to HK$182,456,000 as of 31 March 2025, marking a rise of 2.3%[19]. - Net assets as of 30 September 2025 were HK$1,053,637,000, an increase from HK$1,041,190,000 as of 31 March 2025, reflecting a growth of 1.2%[19]. - Total equity attributable to the owners of the Company was HK$883,660,000 as of 30 September 2025, up from HK$874,664,000 as of 31 March 2025, indicating an increase of 1.0%[19]. - The accumulated losses as of September 30, 2025, amounted to HK$1,171,376,000, which is an increase from HK$1,158,495,000 as of April 1, 2025[21]. - Total trade receivables as of September 30, 2025, amounted to HK$3,198,000, an increase from HK$54,000 as of March 31, 2025, primarily due to new transactions[81]. - Trade deposits and other receivables from Energy Technology increased to HK$144,307,000 as of September 30, 2025, compared to HK$139,820,000 as of March 31, 2025, reflecting a growth of approximately 3.5%[83]. - Other payables and accrued charges rose to HK$33,081,000 as of September 30, 2025, up from HK$27,847,000 as of March 31, 2025, indicating an increase of approximately 18.5%[85]. - Interest payable increased to HK$117,732,000 as of September 30, 2025, compared to HK$103,478,000 as of March 31, 2025, representing a rise of approximately 13.8%[85]. Cash Flow and Financing - Net cash generated from operating activities for the six months ended September 30, 2025, was HK$1,312,000, a significant increase from HK$411,000 in the same period last year[23]. - Cash and cash equivalents at the end of the period stood at HK$749,000, slightly up from HK$704,000 at the same time last year, showing a growth of approximately 6.4%[23]. - The company experienced a net decrease in cash and cash equivalents of HK$572,000 during the period, contrasting with a decrease of HK$283,000 in the previous year[23]. - The Group's cash and bank balances decreased to approximately HK$749,000 as of 30 September 2025, down from HK$1,675,000 as of 31 March 2025[148]. - The Group's financial assets at amortised cost, including cash and cash equivalents, amounted to HK$150,355,000[99]. - The Group's financial liabilities at amortised cost as of 30 September 2025 totaled HK$432,117,000[99]. - The Group's interest rate risk is managed by maintaining fixed-rate borrowings to minimize fair value interest rate risk[151]. - The Group incurred a loss attributable to owners of approximately HK$12,881,000 for the six months ended 30 September 2025, with net current liabilities of approximately HK$460,400,000 as of the same date[26]. Business Strategy and Operations - The Company continues to explore market expansion opportunities and new product development strategies[9]. - The Company is actively seeking business expansion opportunities and evaluating potential mergers and acquisitions within the industry[109][111]. - The Group did not generate revenue from the Coke Production Segment for two consecutive reporting periods due to the disposal of GRG Huscoke (Shanxi) Limited and construction delays of production supporting equipment[126]. - The overall strategy includes maintaining sustainable operations through processing and production before the coking ovens officially commence operation[110][112]. - The Group has entered into a framework agreement with Energy Technology to conduct coke production through leasing existing facilities[106]. Corporate Governance and Compliance - The interim financial statements have been prepared in accordance with Hong Kong Accounting Standard 34, ensuring compliance with applicable disclosure requirements[24]. - The financial statements have been prepared on a historical cost basis, except for certain financial instruments measured at fair value[32]. - The Group has applied amendments to HKFRS Accounting Standards, which had no material impact on its financial positions and performance[34]. - The Company has complied with the Corporate Governance Code provisions during the reporting period, except as disclosed[184]. - The roles of Chairman and Chief Executive Officer are held by Mr. Zhao Xu Guang, which the Board believes ensures consistent leadership and effective strategic planning[185]. - The Company has adopted the Model Code for Securities Transactions by Directors, and all Directors confirmed compliance during the reporting period[190]. Shareholder Information - The company did not recommend any interim dividend for the six months ended 30 September 2025, consistent with the previous year[71]. - The Company did not declare any interim dividend for the six months ending September 30, 2025[8]. - The Group's issued and fully paid ordinary shares remained at 290,373,235 shares as of both 30 September 2025 and 31 March 2025[90]. - As of September 30, 2025, Mr. Zhao Xu Guang holds 146,841,904 shares, representing approximately 50.57% of the issued share capital of the Company[170]. - Shun Wang Investments Limited, a subsidiary of Whole Advance Limited, also holds 146,841,904 shares, equating to 50.57% of the issued share capital[176]. - Rontac Resources Company Limited holds 14,718,922 shares, which is about 5.07% of the issued share capital[176]. - The Company did not have any share scheme in effect or any outstanding share options during the reporting period[179]. - The 2013 share option plan expired on March 28, 2023, with no active share plans or unexercised options during the reporting period[181]. - As of September 30, 2025, Mr. Li Hongwei is deemed to be interested in 14,718,922 shares of the Company, representing a significant ownership stake[182]. Legal and Regulatory Matters - The Group has received statutory demands and a winding-up petition from a major creditor, indicating material uncertainty regarding its ability to continue as a going concern[26]. - The hearing for a winding-up petition was adjourned to 24 November 2025 at the request of the major creditor[164]. - The winding-up petition hearing originally scheduled for August 25, 2025, has been postponed to November 24, 2025, at the request of the Petitioner[166]. - The settlement agreement regarding the winding-up petition will be formally signed after the completion of the adjustment of preference shares[165]. - The Company will inform shareholders and potential investors of any significant developments related to the petition as appropriate[165].

Core Insights - As of November 10, a total of 108 stocks reached their 52-week highs, with notable performers including Taijin Holdings (08321), OKURA HOLDINGS (01655), and Hejia Holdings (00704) achieving high rates of 125.00%, 84.90%, and 53.57% respectively [1] Summary by Category 52-Week Highs - Taijin Holdings (08321) closed at 0.620 with a peak price of 0.900, marking a 125.00% increase - OKURA HOLDINGS (01655) reached a closing price of 0.280 and a high of 0.355, reflecting an 84.90% rise - Hejia Holdings (00704) had a closing price of 0.345 and a peak of 0.430, showing a 53.57% increase - Other notable stocks include Sanhe Chemical (00301) with a 41.67% increase and Aide New Energy (02623) with a 36.25% rise [1] 52-Week Lows - Wangshan Wangshui-B (02630) recorded a closing price of 52.850 and a low of 51.000, resulting in a -21.84% decrease - Eight Horses Tea (06980) had a closing price of 52.850 and a low of 51.100, reflecting a -10.98% decline - New Enjoy Times (08519) reached a low of 0.270, marking a -10.00% drop - Other significant declines include Jiujiang Bank (06190) at -8.99% and Kun Group (00924) at -6.98% [3][4]

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: 和嘉控股有限公司 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) | 00704 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.1 | HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.1 | HKD | | ...

Group 1 - The company reported a revenue of HKD 29.241 million for the six months ending September 30, 2025, representing a year-on-year decline of 15.09% [1] - The company incurred a loss of HKD 12.825 million during the same period, which is a reduction of 19.70% compared to the previous year [1] - The basic loss per share was HKD 0.0443 [1]

Group 1 - The company reported a revenue of HKD 29.24 million for the six months ending September 30, 2025, representing a year-on-year decrease of 15.1% [1] - The loss attributable to the company's owners narrowed to HKD 12.88 million, a year-on-year improvement of 19.4% [1] - The basic loss per share was HKD 0.0443 [1] Group 2 - The reduction in losses was primarily due to a decrease in management and financial expenses [1]

Group 1 - The company reported a revenue of HKD 29.241 million for the six months ending September 30, 2025, representing a year-on-year decline of 15.1% [1] - The attributable loss to shareholders was HKD 12.881 million, which narrowed by 19.4% compared to the previous year [1] - The basic loss per share was HKD 0.0443 [1] Group 2 - The reduction in losses during the period was primarily due to a decrease in management and financial expenses [1]

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 29,241,000, a decrease of 15.5% compared to HKD 34,436,000 for the same period in 2024[2] - The gross profit for the same period was HKD 757,000, significantly up from HKD 45,000, indicating a substantial improvement in profitability[2] - The company incurred a loss before tax of HKD 12,825,000, which is an improvement from a loss of HKD 15,974,000 in the previous year, reflecting a 19.5% reduction in losses[2] - Total comprehensive income for the period was HKD 12,447,000, compared to HKD 10,971,000 in the prior year, marking a 13.4% increase[3] - The company reported a basic and diluted loss per share of HKD 0.0443, an improvement from HKD 0.0550 in the previous year[3] - For the six months ended September 30, 2025, the company reported a loss attributable to equity holders of approximately HKD 12,881,000, compared to a loss of HKD 15,973,000 for the same period in 2024, representing a 19.5% improvement[26] - The basic loss per share for the six months ended September 30, 2025, was HKD 4.43 cents, compared to HKD 5.50 cents for the same period in 2024, indicating a reduction of 19.5%[26] - Total revenue for the reporting period was approximately HKD 29,241,000, down from HKD 34,436,000 in 2024, reflecting a decrease of 15.5%[38] - Gross profit for the period was approximately HKD 757,000, significantly up from HKD 45,000 in 2024, resulting in a gross margin of 2.58%, compared to 0.13% in the previous year[39][40] - The group recorded a loss of approximately HKD 12,825,000 during the reporting period, a decrease from HKD 15,974,000 in the previous period[48] Financial Position - The net current liabilities as of September 30, 2025, were approximately HKD 460,400,000, indicating a slight increase in financial pressure[7] - Non-current assets increased to HKD 1,701,346,000 from HKD 1,668,142,000, showing a growth of 2%[4] - The company's cash and bank balances decreased to HKD 749,000 from HKD 1,675,000, reflecting a liquidity challenge[4] - Total assets as of September 30, 2025, amounted to HKD 1,851,701,000, with significant contributions from coke production assets valued at HKD 1,699,323,000[17] - The company reported a total liability of HKD 798,064,000 as of September 30, 2025, with unallocated liabilities accounting for HKD 794,057,000[17] - Other payables and accrued expenses increased to HKD 213,362,000 as of September 30, 2025, up from HKD 191,515,000 as of March 31, 2025, indicating a rise of 11.4%[33] - The current liabilities net amount was approximately HKD 460,400,000, with a current ratio of 0.25 as of September 30, 2025[54] - The group's leverage ratio remained stable at 47% as of September 30, 2025[53] Operational Insights - The company generated approximately HKD 30,000,000 in revenue from its commissioned processing business during the reporting period, indicating a new revenue stream prior to the official production launch of its coke oven assets[35] - The trading and processing segment generated revenue of approximately HKD 29,241,000, with a segment performance of HKD 757,000[42] - Compensation income for the six months ended September 30, 2025, was HKD 9,370,000, slightly lower than HKD 9,978,000 reported for the same period in 2024[20] - Financial expenses for the six months ended September 30, 2025, totaled HKD 15,402,000, down from HKD 17,653,000 in the previous year, reflecting a decrease of approximately 12.8%[21] - Employee benefit expenses for the six months ended September 30, 2025, amounted to HKD 4,400,000, compared to HKD 4,031,000 for the same period in 2024, representing an increase of approximately 9.1%[22] - Management expenses for the reporting period were approximately HKD 7,550,000, down from HKD 8,345,000 in the previous period[46] - The group had no revenue or performance from the coking production segment due to the sale of Shanxi Jinyan and Jia Energy Co., Ltd. on March 30, 2023[45] Strategic Outlook - The company is facing significant uncertainty regarding its ability to continue as a going concern due to ongoing financial obligations and creditor claims[7] - The company has signed a framework agreement with Energy Technology to explore leasing arrangements for coke production facilities, indicating a strategic move towards operational expansion[36] - The company anticipates a recovery in the coking industry driven by increased steel demand from the construction and real estate sectors, suggesting potential for future growth[37] - The company is actively seeking business expansion opportunities and evaluating potential mergers and acquisitions within the industry[37] Governance and Compliance - The company did not recommend any interim dividend for the six months ended September 30, 2025, consistent with the previous year[24] - The company has not recognized any tax provision for the six months ended September 30, 2025, due to the absence of taxable profits[23] - The company operates primarily in China, with all customers located within the region, and has no further regional data to present[15] - The court hearing for the liquidation petition has been postponed to November 24, 2025, as requested by the petitioner[63] - The major shareholder, Hejin Limited, is in the process of adjusting and renegotiating the terms of its preferred shares, which has made significant progress[63] - The company has confirmed the terms of the settlement agreement with the petitioner, pending the completion of the adjustments and renegotiations[63] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited interim results for the reporting period[65] - The company has complied with the corporate governance code as stipulated in the listing rules during the reporting period[66] - The company has adopted the standard code for securities transactions by directors as per the listing rules, and all directors have confirmed compliance during the reporting period[68] - The interim results announcement and the interim report for 2025/26 will be published on the Hong Kong Stock Exchange and the company's website[69] - The company encourages shareholders to opt for electronic receipt of shareholder documents to support environmental protection[69] - The board expresses gratitude to shareholders, business partners, customers, suppliers, and banks for their support, as well as to all directors and employees for their contributions[70] - The board includes executive directors Zhao Xuguang (Chairman) and Wang Yijun, along with non-executive and independent non-executive directors[72]

Core Viewpoint - Hejia Holdings (00704.HK) announced that it will hold a board meeting on October 31, 2025, to review and approve the unaudited interim results announcement for the six months ending September 30, 2025, and to propose an interim dividend if applicable [1] Summary by Categories - **Company Announcement** - Hejia Holdings will conduct a board meeting on October 31, 2025 [1] - The meeting will focus on reviewing the unaudited interim results for the six months ending September 30, 2025 [1] - The company will also consider the proposal for an interim dividend [1]