AUTO ITALIA HOLDINGS LIMITED 意達利控股有限公司 * （於百慕達註冊成立之有限公司） （股份代號：720） 正面盈利預告 本公告乃由意達利控股有限公司*（「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條以及香港法例第 571章證券及期貨條例（「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。 本公司董事（「董事」）會（「董事會」）謹此通知本公司股東（「股東」）及潛在投資者， 根據對本集團截至2025年6月30日止六個月（「本期間」）之未經審核綜合管理賬目 之初步審閱及董事會目前可得資料，本集團預期於本期間將錄得本公司擁有人應 佔綜合溢利約8,000,000港元至18,000,000港元，而截至2024年6月30日止期間（「上 期間」）則錄得本公司擁有人應佔綜合虧損約76,900,000港元。 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 ...

Core Viewpoint - The company, Indahli Holdings (00720.HK), has announced a board meeting scheduled for August 29, 2025, to consider and approve its interim results for the six months ending June 30, 2025, and to discuss the potential declaration of an interim dividend [1] Group 1 - The board meeting will take place on a Friday [1] - The meeting will focus on the approval of the company's interim performance and its publication [1] - The company will also consider the proposal for an interim dividend, if applicable [1]

AUTO ITALIA HOLDINGS LIMITED 意達利控股有限公司 * 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。 承董事會命 意達利控股有限公司* 執行主席兼行政總裁 莊天龍 香港，二零二五年八月十九日 * 僅供識別 （於百慕達註冊成立之有限公司） （股份代號：720） 董事會會議召開日期 意達利控股有限公司*（「本公司」）之董事（「董事」）會（「董事會」）謹此宣佈， 本公司將於二零二五年八月二十九日（星期五）舉行董事會會議，藉以（其中包括） 考慮及批准本公司及其附屬公司截至二零二五年六月三十日止六個月的中期業績 及其刊發，以及考慮派發中期股息之建議（如有）。 於本公告日期，董事會成員包括執行董事莊天龍先生（執行主席兼行政總裁）、 李少峰先生及連鎮豪先生；非執行董事杭青莉女士；及獨立非執行董事江啟銓先生、 杜振偉先生及沈仲平博士。 ...

截至月份: 2025年7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: AUTO ITALIA HOLDINGS LIMITED 意達利控股有限公司* (於百慕達註冊成立之有限公司) 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 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. 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) | 00720 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 17,500,000,000 | HKD | | 0.02 HKD | | 350,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 17,500,000,000 | HKD | | 0. ...

Core Viewpoint - The company has successfully obtained four utility model patents from the National Intellectual Property Administration, which are expected to positively impact its electric vehicle business in the European market [1] Patent Summaries - Patent 1: A partition structure for trucks (Patent No: ZL 2024 2 1701117.8) has been integrated into the customized service system for European customers, providing a flexible, safe, and adjustable partition structure for electric freight vehicles, addressing issues of complexity and low practicality in existing technologies [2] - Patent 2: A folding shelf for truck compartments (Patent No: ZL 2024 2 1701100.2) has also been included in the customized service system for European customers, maximizing the utilization of compartment space [3] - Patent 3: A truck box structure (Patent No: ZL 2024 2 1726129.6) has been incorporated into the customized service system for refrigerated compartments, improving cleanliness by addressing slow drainage and water accumulation issues in existing technologies [4] - Patent 4: A warehousing freight vehicle (Patent No: ZL 2024 2 1726131.3) has been made available for customized services to major European clients, optimizing the unloading process by reducing labor intensity and increasing efficiency [5] Overall Impact - The company believes that the application of these patents on its electric vehicles will enhance the technical level of existing models, inspire future research and design innovations, improve market competitiveness, increase market share in the electric vehicle industry, and promote long-term sustainable growth of the business [5]

Core Viewpoint - The company has decided to terminate its Maserati dealership business in China due to consistent losses and declining revenue, with the cessation expected to be completed by June 2025 [1][2][3] Group 1: Financial Performance - The Maserati dealership in China has incurred losses for the past two fiscal years, with a pre-tax loss of approximately 14 million HKD for the year ending December 31, 2023, and a projected pre-tax loss of about 6.1 million HKD for the year ending December 31, 2024 [2] - Revenue from the Maserati dealership was around 15.8 million HKD for the fiscal year 2023, accounting for approximately 33.3% of the company's total revenue, but is expected to drop by 77.8% to 3.5 million HKD in fiscal year 2024, representing only 11.2% of total revenue [2] Group 2: Market Conditions - The decline in Maserati sales is attributed to a challenging macroeconomic environment in China post-COVID-19, which has suppressed consumer purchasing intent and weakened demand in the luxury car market [2] - The rise of the electric vehicle market, driven by local government incentives, has further impacted the demand for traditional luxury cars in China [2] Group 3: Strategic Decisions - The board believes that terminating the Maserati dealership will not significantly adversely affect the company's operations or financial condition, as the assets and revenue from this business represent only about 0.8% of total assets and 11.2% of total revenue for the fiscal year 2024 [3] - The decision is expected to reduce employee costs and administrative expenses, allowing the company to optimize its financial situation and reallocate resources to its existing electric vehicle business, which contributed 1.2 million HKD in revenue for the fiscal year 2024 [3]

Financial Performance - The company reported a consolidated loss attributable to shareholders of approximately HKD 102.1 million for the year ended December 31, 2024, primarily due to unrealized fair value losses on investments in associates[9]. - Total revenue for the fiscal year ending December 31, 2024, was HKD 31,322,000, a decrease of 34.06% compared to HKD 47,504,000 in 2023[67]. - The pre-tax loss improved to HKD (97,631,000), a reduction of 52.79% from HKD (206,798,000) in the previous year[67]. - The company's loss attributable to shareholders for the year was HKD 102.1 million, an improvement from HKD 179.3 million in 2023, primarily due to unrealized fair value losses of HKD 76.1 million from an investment in an associate[24]. - Basic and diluted loss per share improved to HKD (1.93) from HKD (3.39), reflecting a 43.07% reduction in loss[67]. - The equity attributable to the owners of the company increased by 29.13% to HKD 212,587,000 from HKD 164,625,000[67]. Revenue and Income Sources - Rental income from the property investment segment decreased by HKD 5.1 million to HKD 26.6 million, attributed to a tenant's early termination of a lease in Scotland[13]. - The automotive segment recorded revenue of HKD 4.7 million, down from HKD 15.8 million in 2023, impacted by macroeconomic challenges and increased market competition[14]. - Other income increased to HKD 0.9 million from HKD 0.5 million, mainly due to interest income from fixed deposits in the UK[17]. - The property investment segment generated rental income of HKD 23 million and HKD 24.3 million from properties in Hong Kong and Scotland, respectively, compared to HKD 23 million and HKD 29.4 million in 2023[39]. Expenses and Financial Costs - Gross profit decreased by HKD 8.5 million to HKD 20.5 million, while the overall gross margin improved by 4.3 percentage points to 65.4%[16]. - Selling, distribution, and administrative expenses decreased by HKD 7.9 million to HKD 29.9 million, driven by reductions in legal and professional fees, depreciation, and marketing expenses[19]. - Financial costs increased to HKD 33.8 million from HKD 23.6 million, mainly due to a rise in interest expenses on bank and other borrowings[20]. - The company incurred interest expenses of HKD 22 million for the year, with total borrowings from three other loans amounting to HKD 361.5 million as of December 31, 2024[29]. Investments and Acquisitions - The company successfully acquired a new energy vehicle (NEV) business in October 2024, aligning with its strategic vision to leverage China's manufacturing advantages[9]. - The acquisition of Hudson Holding Limited was completed for a total consideration of HKD 165.9 million, with HKD 104 million paid through the issuance of shares and HKD 61.9 million through promissory notes[49]. - The fair value of the investment in CBL decreased to HKD 40.4 million as of December 31, 2024, down from HKD 117.1 million in 2023, representing 5.1% of the total assets compared to 18.6% in 2023[21]. Cash and Borrowings - As of December 31, 2024, the company had cash and cash equivalents of HKD 21.4 million, down from HKD 26.9 million in 2023[26]. - Total bank and other borrowings increased to HKD 481.6 million as of December 31, 2024, from HKD 394.9 million in 2023, with a debt-to-equity ratio decreasing from 186.9% to 180.0%[27]. - Capital commitments totaled HKD 6.9 million as of December 31, 2024, primarily related to equipment for the electric vehicle business[34]. Corporate Governance and Compliance - The board of directors is unaware of any non-compliance with applicable laws and regulations that could significantly impact the company[70]. - The company has complied with all corporate governance code provisions during the year ended December 31, 2024, except for a deviation noted in section C.2.1[159]. - The board consists of seven members, including three executive directors, one non-executive director, and three independent non-executive directors[162]. - The company has adopted the standard code for securities transactions by directors as per the listing rules, confirming compliance for the year ended December 31, 2024[160]. Social Responsibility and Environmental Commitment - The company is committed to environmental protection by reducing resource consumption and waste[72]. - The company actively engages in corporate social responsibility initiatives, including effective waste disposal and community charity participation[73]. - The company received the "Caring Company" logo from the Hong Kong Council of Social Service for the 2024/25 year, recognizing its corporate social responsibility efforts[79]. Shareholder Information - The total number of issued shares as of the report date is 6,092,515,390 shares[55]. - Major suppliers accounted for 70.2% of the company's procurement, with the largest supplier representing 21.8%[97]. - The top five customers contributed to 75.2% of the company's revenue during the year[97]. - The company did not declare any dividends, maintaining a payout ratio of 0%[67]. Management and Strategy - The management team is actively seeking opportunities to optimize financial conditions and enhance operational efficiency amid a changing economic landscape[10]. - The company aims to provide long-term returns to shareholders while ensuring sustainable business growth[154]. - The management team of CBL has been strengthened with the addition of several senior executives to enhance business development and drive the ADC program[46].

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 31,322,000, a decrease of 34% from HKD 47,504,000 in 2023[4] - The company reported a loss before tax of HKD 97,631,000, compared to a loss of HKD 206,798,000 in the previous year, indicating an improvement of 53%[4] - The basic and diluted loss per share for the year was HKD 1.93, down from HKD 3.39 in 2023, reflecting a 43% reduction in loss per share[5] - The company reported a significant reduction in other losses, which decreased to HKD 55,423,000 from HKD 174,885,000, a 68% improvement[4] - The loss attributable to shareholders for the year was HKD 102.1 million, an improvement from HKD 179.3 million in 2023, primarily due to unrealized fair value losses of HKD 76.1 million from an investment in an associate[46] Revenue and Income - Rental income decreased to HKD 26,640,000 from HKD 31,665,000, representing a decline of 16%[13] - Group revenue for the year ended December 31, 2024, was HKD 31,322 million, a decrease of 34% from HKD 47,504 million in 2023[18] - Rental income from investment properties was HKD 26,640 million in 2024, down from HKD 31,665 million in 2023, reflecting an 18% decline[23] - The automotive segment recorded revenue of HKD 4.7 million for the year ended December 31, 2024, down from HKD 15.8 million in 2023, primarily due to macroeconomic challenges and increased market competition[38] Assets and Liabilities - The company’s non-current assets increased to HKD 735,812,000 from HKD 572,292,000, marking a growth of 29%[7] - The total equity attributable to owners of the company rose to HKD 212,587,000, up from HKD 164,625,000, an increase of 29%[8] - Total assets as of December 31, 2024, amounted to HKD 797,211 million, while total liabilities were HKD 529,698 million, resulting in a net asset position[20] - Total trade receivables as of December 31, 2024, amounted to HKD 17.1 million, an increase from HKD 12.4 million in 2023[11] - Total trade payables as of December 31, 2024, were HKD 35.2 million, up from HKD 18.3 million in 2023, with other payables including refundable customer deposits related to the terminated automotive business[31] Cash and Financial Costs - The company’s cash and cash equivalents decreased to HKD 18,116,000 from HKD 21,373,000, a decline of 15%[7] - Financial costs increased to HKD 33,781 million in 2024 from HKD 23,567 million in 2023, marking a 43% rise[22] - Interest expenses for the year amounted to HKD 22 million, with total outstanding borrowings from three other loans at HKD 361.5 million as of December 31, 2024[51] - The group had cash and cash equivalents of HKD 21.4 million as of December 31, 2024, down from HKD 26.9 million in 2023, with 74.5% in GBP, 23.6% in HKD, and 1.7% in RMB[48] Investments and Fair Value - The fair value loss on investments in an associate company was HKD 76,142 million in 2024, down from HKD 120,591 million in 2023, indicating a 37% reduction[22] - The fair value gain on investment properties for 2024 was HKD 26,163 million, compared to a loss of HKD 52,601 million in 2023, indicating a significant turnaround[25] - The fair value of the investment in CBL decreased to HKD 40.4 million as of December 31, 2024, down from HKD 117.1 million in 2023, representing 5.1% of the total assets of the group, compared to 18.6% in 2023[45] - The fair value change of investment properties resulted in an unrealized gain of HKD 26.2 million, contrasting with a fair value loss of HKD 52.6 million in 2023[60] Corporate Governance and Compliance - The company has maintained compliance with all corporate governance code provisions, with a noted deviation regarding the roles of the Executive Chairman and CEO[76] - The audit committee reviewed the consolidated financial statements for the year ending December 31, 2024, discussing risk management and internal controls[78] - The company has adopted a standard code for securities trading by directors, confirming compliance for the year ending December 31, 2024[77] Future Plans and Strategic Initiatives - The company plans to expand its CDMO business by focusing on mature European markets to increase revenue and profit margins from biopharmaceuticals and biosimilars[66] - The management team is actively exploring opportunities to optimize financial conditions and reduce financial cost pressures amid geopolitical tensions and economic uncertainty[67] - The sales cooperation agreements established during the European expansion efforts are expected to significantly boost sales in 2025[62] Miscellaneous - The company did not declare or propose any dividends for the year ended December 31, 2024, consistent with 2023[36] - The board does not recommend the payment of a final dividend for the year ending December 31, 2024[73] - There were no significant acquisitions or disposals by subsidiaries, associates, or joint ventures for the year ending December 31, 2024[72] - The annual general meeting is scheduled for May 16, 2025[79]

Investment Rating - The report does not provide a specific investment rating for the company [1] Core Insights - The company is transitioning into a manufacturer of new energy commercial vehicles, aiming to penetrate the European new energy commercial vehicle market [10] - The acquisition of 100% equity in Handerson Automotive Technology for HKD 166 million is a significant step in expanding the company's automotive business from sales and after-sales services to full-scale OEM manufacturing [2][10] - The company leverages a light-asset model to enhance efficiency and reduce costs, allowing for quicker development cycles and lower initial investments [4][5] Company Background - The company primarily engages in investment holding, with its main businesses being automotive distribution and property investment [1] - In 2023, the company reported total revenue of HKD 47.504 million, with automotive business contributing HKD 15.839 million (33%) and property investment generating HKD 31.665 million (67%) [1] Business Model and Operations - Handerson utilizes China's automotive production capacity and supply chain advantages, focusing on the development and manufacturing of new energy logistics vehicles [3] - The company has established strategic partnerships with Dongfeng Motor and JAC Motors to enhance its R&D capabilities [3] - The light-asset model allows the company to significantly reduce development time and upfront investment, exemplified by the eBOLD logistics vehicle, which took only one year from project initiation to delivery [4] Market Opportunity - The European market for new energy commercial vehicles is still in its early stages, with only 7% of new registered vans being electric as of 2023 [6][9] - The report highlights a growing demand for new energy vehicles in Europe, driven by regulatory changes aimed at reducing carbon emissions [6][9] - The company has received orders for 800 vehicles in 2024 and plans to increase this to 2,000 vehicles per month in 2025 [5] Competitive Landscape - The report notes that the penetration rate of new energy commercial vehicles in Europe is low compared to traditional diesel vehicles, presenting a significant growth opportunity [7][9] - The company faces challenges from established European manufacturers and must invest in technology and brand recognition to capture a larger market share [10]

Financial Performance - Rental income from the property investment segment decreased to HKD 13.2 million, down from HKD 14.0 million in 2023, primarily due to a tenant terminating their lease early[4] - Revenue from the automotive segment fell to HKD 2.4 million, compared to HKD 11.7 million in 2023, reflecting a challenging macroeconomic environment and increased competition[4] - Gross profit decreased by HKD 1.8 million to HKD 10.7 million, with a gross margin of 68.6%, up from 48.7% in 2023[5] - Other income for the six months ended June 30, 2024, was HKD 120,000, down from HKD 280,000 in 2023, mainly due to a decrease in commission income from the automotive segment[5] - The net loss attributable to the company's owners for the six months ended June 30, 2024, was HKD 76.9 million, compared to HKD 117.4 million in 2023[6] - Total revenue for the six months ended June 30, 2024, was HKD 15,668 thousand, a decrease of 39.1% compared to HKD 25,737 thousand for the same period in 2023[41] - Gross profit for the same period was HKD 10,746 thousand, down 14.2% from HKD 12,524 thousand in 2023[41] - The company reported a loss before tax of HKD 79,752 thousand, an improvement of 37.6% compared to a loss of HKD 128,025 thousand in the previous year[41] - The net loss for the period was HKD 79,613 thousand, compared to a net loss of HKD 127,704 thousand in 2023, reflecting a 37.6% reduction in losses[42] - Basic and diluted loss per share for the period was HKD 1.45, an improvement from HKD 2.22 in the same period last year[42] Financial Position - Total assets as of June 30, 2024, were HKD 502,362 thousand, down from HKD 572,292 thousand as of December 31, 2023[44] - Current liabilities increased to HKD 390,737 thousand from HKD 317,708 thousand at the end of 2023, indicating a rise in financial obligations[44] - Total liabilities decreased to HKD 162,732 thousand from HKD 310,831 thousand, reflecting a reduction of approximately 47.5%[46] - The company’s non-controlling interests decreased to HKD 43,423 thousand from HKD 46,658 thousand, a decline of approximately 7.5%[46] - The group’s total equity as of June 30, 2024, was HKD 350,000,000, with 17,500,000,000 shares issued and fully paid[84] Cash Flow and Financing - The company’s cash and cash equivalents were HKD 20,869 thousand as of June 30, 2024, slightly down from HKD 21,373 thousand at the end of 2023[44] - The company raised HKD 11,000 thousand in bank and other borrowings during the financing activities, compared to HKD 12,000 thousand in the same period last year[50] - The company reported a net cash outflow of HKD 6,690 thousand from financing activities, an improvement from HKD 11,069 thousand in the previous year[50] - The group has secured a one-year extension option for loans totaling HKD 255,558,000, with sufficient collateral from investment properties valued at HKD 379,537,000[51] - The group has access to undrawn committed borrowing facilities of HKD 34,000,000, which will be increased to HKD 64,000,000 following an agreement in August 2024[51] Investments and Assets - The group held an investment in Chime Biologics Limited valued at HKD 57 million, representing approximately 10.3% of total assets as of June 30, 2024[6] - The group recorded a net unrealized fair value loss of HKD 60.2 million on investments in an associate company[6] - The fair value loss on investment properties was HKD 2,963,000 for the six months ended June 30, 2024, compared to a loss of HKD 22,635,000 in the same period of 2023, showing a reduction of 87.8%[64] - The group’s investment in Chime Biologics Limited (CBL) was valued at HKD 56,996,000, down from HKD 117,122,000 as of December 31, 2023, reflecting a decrease of approximately 51.3% due to market conditions[74][75] Shareholder Information - As of June 30, 2024, the company has a total of 5,292,515,390 shares issued, with significant shareholdings including 2.11% by Mr. Zhuang Tianlong and 3.75% by Mr. Li Shaofeng[19][20] - Major shareholders include Gustavo International Limited and 鼎珮投資集團有限公司, each holding approximately 5.76% and 28.70% of the issued shares, respectively[21][22] - The company has a total of 111,891,000 shares held by Mr. Zhuang Tianlong, which includes 51,891,000 ordinary shares and 60,000,000 related shares under the share option plan[19][20] - The expired share option plan from May 28, 2012, remains effective for options granted prior to its expiration, allowing for the exercise of options until July 26, 2025[24] - As of June 30, 2024, there are 60,000,000 unexercised options available under the expired share option plan[24] Governance and Compliance - The company maintained compliance with the corporate governance code during the reporting period, with a noted deviation regarding the separation of roles between the chairman and CEO[28] - The board consists of three executive directors and three independent non-executive directors, ensuring a balance of power and authority[29] - The audit committee is responsible for reviewing the effectiveness of audit procedures and the company's cash flow status[34] - The remuneration committee is tasked with determining the compensation of individual executive directors and senior management, reviewing the stock option plan annually[34] - The nomination committee is responsible for recommending candidates for board appointments based on their qualifications and capabilities[35] Market Conditions and Future Outlook - The macroeconomic environment remains challenging due to interest rate hikes and geopolitical tensions, prompting the company to explore potential opportunities, particularly in the automotive sector, to deliver long-term value to shareholders[17] - The company is committed to exploring new business opportunities and strategies to enhance shareholder value amidst economic uncertainties[17]