Group 1 - The company announced the appointment of Feng Canwen as an independent non-executive director effective from September 10, 2025 [1] - Feng Canwen will also serve as a member of the remuneration committee, audit committee, and nomination committee [1]

PERFECTECH INTL(00765)公布，于2025年9月10日起，冯灿文先生已获委任为独立非执行董事，以及 薪酬委员会、审核委员会及提名委员会各自的成员。 ...

Group 1 - The company PERFECTECH INTL (00765) announced the appointment of Mr. Feng Canwen as an independent non-executive director effective from September 10, 2025 [1] - Mr. Feng will also serve as a member of the remuneration committee, audit committee, and nomination committee [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，概不對因本公告全部或任何 部分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。 PERFECTECH INTERNATIONAL HOLDINGS LIMITED 威發國際集團有限公司* （於百慕達註冊成立之有限公司） （股份編號：00765） （「本公司」） 董事名單與其角色和職能 本公司董事會（「董事會」）成員載列如下，由二零二五年九月十日起生效： 獨立非執行董事 陳寶琳小姐 劉樹人先生 馮燦文先生 董事會設立三個委員會。各董事會成員於該等委員會中所擔任的職位載列如下，由 二零二五年九月十日起生效： 審核委員會 劉樹人先生 （主席） 陳寶琳小姐 馮燦文先生 薪酬委員會 陳寶琳小姐 （主席） 劉樹人先生 馮燦文先生 執行董事 李邵華先生 潘偉業先生 鍾世輝先生 劉樹人先生 （主席） 陳寶琳小姐 馮燦文先生 香港，二零二五年九月十日 – 2 – * 僅供識別 – 1 – 提名委員會 ...

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 部分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。 委任獨立非董事 馮燦文先生（「馮先生」），62歲，於中港兩地的金融市場和企業融資活動擁有逾18年 經驗，曾先後任職於企業融資領域的不同公司。馮先生自二零一六年四月起擔任 Trinity Corporate Finance Limited的董事及香港法例第571章證券及期貨條例（「證 券及期貨條例」）項下的代表，持有由證監會根據證券及期貨條例所發出第6類受規 管活動（就機構融資提供意見）牌照。馮先生於二零零八年四月三十日至二零二五年 六月十八日出任薈萃國際（控股）有限公司（股份代號：8041）的獨立非執行董事，以 及於二零二三年十月三十一日至二零二四年五月六日出任大發地產集團有限公司 （「大發地產」，前股份代號：6111，其股份上市地位於二零二四年十月二十九日起 PERFECTECH INTERNATIONAL HOLDINGS LIMITED 威發國際集團有限公司* （於百慕達註冊成立之有限公司） （股 ...

PERFECTECH INTERNATIONAL HOLDINGS LIMITED 威 發 國 際 集 團 有 限 公 司* (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：765） NOTIFICATION LETTER 通知信函 Dear Non-Registered Shareholders(Note 1) , Perfectech International Holdings Limited (the "Company") – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") Should you have any queries relating to this notification, please call the Branch Share Registrar's telephone hotline at (852) 2980 1333 ...

PERFECTECH INTERNATIONAL HOLDINGS LIMITED 威 發 國 際 集 團 有 限 公 司* (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：765） NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, Perfectech International Holdings Limited (the "Company") – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.perfectech.hk and ...

Company Information [Board of Directors and Committees](index=2&type=section&id=%E8%91%A3%E4%BA%8B%E6%9C%83%E5%8F%8A%E5%A7%94%E5%93%A1%E6%9C%83) This section details the composition of the Board of Directors, including executive and independent non-executive members, their committee roles, and recent changes - Mr. Zhong Shihui was appointed as an Executive Director on June 20, 2025, while Mr. Fang Guohong resigned as an Executive Director on May 16, 2025[4](index=4&type=chunk) - Mr. Xie Xiaohong resigned as an Independent Non-executive Director on July 9, 2025, consequently resigning from the Audit, Remuneration, and Nomination Committees[4](index=4&type=chunk) - Mr. Liu Shuren serves as the Chairman of the Audit Committee and Nomination Committee, and Ms. Chen Baolin serves as the Chairman of the Remuneration Committee[4](index=4&type=chunk) [Other Company Information](index=2&type=section&id=%E5%85%B6%E4%BB%96%E5%85%AC%E5%8F%B8%E4%BF%A1%E6%81%AF) This section provides essential company details, including the company secretary, auditor, registered office, and website - The Company Secretary is Mr. Lam Ka Shun, and the Auditor is Tianjian International CPA Limited[4](index=4&type=chunk) - The Company's registered office is in Bermuda, with its principal place of business in Hong Kong[5](index=5&type=chunk) - The Company's website is www.perfectech.hk[5](index=5&type=chunk) Condensed Consolidated Financial Statements [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) This section reports revenue, gross profit, expenses, and loss for the six months ended June 30, 2025, showing a significant reduction in loss compared to the prior year Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (HKD thousands) | Indicator | June 30, 2025 (HKD thousands) | June 30, 2024 (HKD thousands) | | :--- | :--- | :--- | | Revenue | 61,958 | 68,611 | | Cost of sales | (41,784) | (53,951) | | Gross profit | 20,174 | 14,660 | | Loss before tax | (4,622) | (19,264) | | Loss for the period | (4,717) | (19,436) | | Loss attributable to owners of the Company | (4,284) | (17,806) | | Basic and diluted loss per share (HK cents) | (1.31) | (5.45) | - Revenue decreased by **9.70% year-on-year**, but gross profit increased by **37.61%**[7](index=7&type=chunk) - Loss for the period significantly narrowed by **75.73%**, from HKD 19,436 thousands in 2024 to **HKD 4,717 thousands** in 2025[7](index=7&type=chunk) [Condensed Consolidated Statement of Financial Position](index=5&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) This section presents the company's assets, liabilities, and equity as of June 30, 2025, indicating a decrease in total assets and total equity Condensed Consolidated Statement of Financial Position (HKD thousands) | Indicator | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | Non-current assets | 25,214 | 26,207 | | Current assets | 55,744 | 56,291 | | Current liabilities | 31,506 | 28,056 | | Net current assets | 24,238 | 28,235 | | Net assets | 38,322 | 43,010 | | Equity attributable to owners of the Company | 30,321 | 34,543 | - Net current assets decreased from HKD 28,235 thousands as of December 31, 2024, to **HKD 24,238 thousands** as of June 30, 2025[10](index=10&type=chunk) - Total equity decreased from HKD 43,010 thousands as of December 31, 2024, to **HKD 38,322 thousands** as of June 30, 2025[11](index=11&type=chunk) [Condensed Consolidated Statement of Changes in Equity](index=7&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%AC%8A%E7%9B%8A%E8%AE%8A%E5%8B%95%E8%A1%A8) This section details changes in equity components, including share capital, share premium, reserves, and accumulated losses, reflecting the period's loss impact Condensed Consolidated Statement of Changes in Equity (HKD thousands) | Indicator | June 30, 2025 (HKD thousands) | January 1, 2024 (HKD thousands) | | :--- | :--- | :--- | | Share capital | 32,692 | 32,692 | | Share premium | 118,895 | 118,895 | | Redemption reserve | 10,337 | 10,337 | | Exchange fluctuation reserve | (1,798) | (1,026) | | Accumulated losses | (129,805) | (98,501) | | Equity attributable to owners of the Company | 30,321 | 62,397 | | Non-controlling interests | 8,001 | 12,264 | | Total equity | 38,322 | 74,661 | - Equity attributable to owners of the Company decreased from HKD 34,543 thousands as of January 1, 2025, to **HKD 30,321 thousands** as of June 30, 2025, primarily due to the loss for the period[13](index=13&type=chunk) - Dividends paid to non-controlling interests were **HKD 197 thousands** in the first half of 2025, compared to HKD 1,489 thousands in the same period of 2024[13](index=13&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=8&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E7%8F%BE%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) This section reports cash flows from operating, investing, and financing activities for the six months ended June 30, 2025, showing a net decrease in cash and cash equivalents Condensed Consolidated Statement of Cash Flows (HKD thousands) | Indicator | June 30, 2025 (HKD thousands) | June 30, 2024 (HKD thousands) | | :--- | :--- | :--- | | Net cash used in operating activities | (1,907) | (22,858) | | Net cash used in investing activities | (975) | (2,823) | | Net cash used in financing activities | (2,349) | (2,340) | | Net decrease in cash and cash equivalents | (5,231) | (28,021) | | Bank balances and cash (end of period) | 19,303 | 16,897 | - Net cash used in operating activities significantly narrowed from HKD 22,858 thousands in the same period of 2024 to **HKD 1,907 thousands** in the same period of 2025[14](index=14&type=chunk) - Bank balances and cash at the end of the period were **HKD 19,303 thousands**, a decrease from HKD 24,547 thousands as of January 1, 2024[14](index=14&type=chunk) Notes to the Condensed Consolidated Financial Statements [Basis of Preparation and Accounting Policies](index=9&type=section&id=%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96%E5%8F%8A%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96) This section outlines the basis of preparation for the condensed consolidated financial statements and the adoption of new accounting standards - The financial statements are prepared in accordance with Appendix 16 of the Hong Kong Listing Rules and Hong Kong Accounting Standard 34, and have been reviewed by the Audit Committee[16](index=16&type=chunk)[17](index=17&type=chunk) - The adoption of amendments to Hong Kong Financial Reporting Standards (e.g., HKAS 21 amendments) had no significant impact on the financial performance and position for the current or prior accounting periods[19](index=19&type=chunk) - The Group has not early applied new or amended Hong Kong Financial Reporting Standards that have been issued but are not yet effective, and is assessing their potential impact[20](index=20&type=chunk) [Revenue and Segment Reporting](index=10&type=section&id=%E6%94%B6%E7%9B%8A%E5%8F%8A%E5%88%86%E9%A1%9E%E5%A0%B1%E5%91%8A) This section details the group's revenue composition, primarily from toy product sales, and provides segment and geographical breakdowns Revenue by Source (HKD thousands) | Revenue Source | June 30, 2025 (HKD thousands) | June 30, 2024 (HKD thousands) | | :--- | :--- | :--- | | Toy products | 61,958 | 68,611 | | Novelty items and ornaments | — | — | - The Group's revenue is entirely derived from toy product sales, with no revenue from novelty items and ornaments[22](index=22&type=chunk)[23](index=23&type=chunk) Segment Results by Business Classification (HKD thousands) | Business Classification | June 30, 2025 Segment Results (HKD thousands) | June 30, 2024 Segment Results (HKD thousands) | | :--- | :--- | :--- | | Novelty items and ornaments | (837) | (2,043) | | Toy products | (992) | (13,759) | - Loss from the toy products segment significantly narrowed from HKD 13,759 thousands in the same period of 2024 to **HKD 992 thousands** in the same period of 2025[24](index=24&type=chunk)[26](index=26&type=chunk) Revenue by Market Region (HKD thousands) | Market Region | June 30, 2025 Revenue (HKD thousands) | June 30, 2024 Revenue (HKD thousands) | | :--- | :--- | :--- | | Hong Kong | 1,156 | 11,551 | | Europe | 1,483 | 4,645 | | United States | 6,455 | 3,045 | | Asia (excluding Hong Kong) | 52,862 | 49,367 | - Asia (excluding Hong Kong) is the primary revenue source, with a **7.08% year-on-year increase**, while revenue from Hong Kong and Europe markets significantly decreased[27](index=27&type=chunk) [Other Income, Gains and Losses, Net](index=15&type=section&id=%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E3%80%81%E6%94%B6%E7%9B%8A%E5%8F%8A%E8%99%A7%E6%90%8D%E6%B7%A8%E9%A1%8D) This section itemizes the net other income, gains, and losses for the period, showing a year-on-year decrease in the total amount Other Income, Gains and Losses, Net (HKD thousands) | Item | June 30, 2025 (HKD thousands) | June 30, 2024 (HKD thousands) | | :--- | :--- | :--- | | Interest income from financial assets | 30 | 130 | | Mould income | 416 | 422 | | Laboratory testing income | 240 | 184 | | Gain (loss) on disposal of financial assets at fair value through profit or loss | 36 | (11) | | Net exchange gain | 85 | 565 | | **Total** | **1,142** | **1,739** | - Total other income, gains, and losses, net, decreased from HKD 1,739 thousands in the same period of 2024 to **HKD 1,142 thousands** in the same period of 2025[28](index=28&type=chunk) - Net exchange gain significantly decreased from HKD 565 thousands in the same period of 2024 to **HKD 85 thousands** in the same period of 2025[28](index=28&type=chunk) [Loss Before Tax and Income Tax Expense](index=15&type=section&id=%E9%99%A4%E7%A8%85%E5%89%8D%E8%99%A7%E6%90%8D%E5%8F%8A%E6%89%80%E5%BE%97%E7%A8%85%E9%96%8B%E6%94%AF) This section details the components of loss before tax, including depreciation expenses, and the income tax expense primarily from China Depreciation Expenses (HKD thousands) | Item | June 30, 2025 (HKD thousands) | June 30, 2024 (HKD thousands) | | :--- | :--- | :--- | | Depreciation of property, plant and equipment | 1,642 | 2,091 | | Depreciation of right-of-use assets | 780 | 784 | | **Total Depreciation** | **2,422** | **2,875** | - Total depreciation expense decreased year-on-year from HKD 2,875 thousands in the same period of 2024 to **HKD 2,422 thousands** in the same period of 2025[29](index=29&type=chunk) - Income tax expense primarily consists of China corporate income tax, amounting to **HKD 95 thousands** in the first half of 2025, compared to HKD 172 thousands in the same period of 2024[30](index=30&type=chunk) [Dividends and Loss Per Share](index=16&type=section&id=%E8%82%A1%E6%81%AF%E5%8F%8A%E6%AF%8F%E8%82%A1%E8%99%A7%E6%90%8D) This section reports the board's decision not to declare an interim dividend and discloses the basic and diluted loss per share - The Board resolved not to declare an interim dividend for the six months ended June 30, 2025 (2024: nil)[31](index=31&type=chunk) Loss Per Share (HK cents) | Indicator | June 30, 2025 (HK cents) | June 30, 2024 (HK cents) | | :--- | :--- | :--- | | Basic loss per share | (1.31) | (5.45) | | Diluted loss per share | (1.31) | (5.45) | - Both basic and diluted loss per share significantly narrowed from 5.45 HK cents in the same period of 2024 to **1.31 HK cents** in the same period of 2025[32](index=32&type=chunk) [Details of Assets and Liabilities](index=16&type=section&id=%E8%B3%87%E7%94%A2%E8%88%87%E8%B2%A0%E5%82%B5%E8%A9%B3%E6%83%85) This section provides detailed changes and aging analyses for property, plant and equipment, trade and other receivables, trade and other payables, and amounts due to a director of a subsidiary [Property, Plant and Equipment](index=16&type=section&id=%E7%89%A9%E6%A5%AD%E3%80%81%E6%A9%9F%E5%99%A8%E8%A8%AD%E5%82%99%E5%8F%8A%E5%84%80%E5%99%A8) This subsection details the capital expenditure on property, plant, and equipment during the period - Purchases of property, plant and equipment amounted to approximately **HKD 1,280 thousands** in the first half of 2025, higher than HKD 850 thousands in the same period of 2024[33](index=33&type=chunk) [Trade and Other Receivables](index=17&type=section&id=%E8%B2%BF%E6%98%93%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E6%94%B6%E8%B3%87%E6%AC%BE) This subsection provides an aging analysis and changes in trade and other receivables Trade Receivables Aging Analysis (HKD thousands) | Aging | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | 0–60 days | 11,098 | 8,695 | | 61–90 days | — | 463 | | Over 120 days | 16 | 24 | | **Total Trade Receivables** | **11,114** | **9,182** | - Trade receivables increased from HKD 9,182 thousands as of December 31, 2024, to **HKD 11,114 thousands** as of June 30, 2025[34](index=34&type=chunk) - The average credit period granted to trade customers is **60 days**[34](index=34&type=chunk) [Trade and Other Payables](index=17&type=section&id=%E8%B2%BF%E6%98%93%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E4%BB%98%E8%B3%87%E6%AC%BE) This subsection presents an aging analysis and changes in trade and other payables Trade Payables Aging Analysis (HKD thousands) | Aging | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | 0–60 days | 6,648 | 5,304 | | 61–90 days | 369 | 214 | | 91–120 days | 24 | 176 | | Over 120 days | 680 | 272 | | **Total Trade Payables** | **7,721** | **5,966** | - Trade payables increased from HKD 5,966 thousands as of December 31, 2024, to **HKD 7,721 thousands** as of June 30, 2025[35](index=35&type=chunk) [Amount Due to a Director of a Subsidiary](index=18&type=section&id=%E6%87%89%E4%BB%98%E9%99%84%E5%B1%AC%E5%85%AC%E5%8F%B8%E4%B8%80%E5%90%8D%E8%91%A3%E4%BA%8B%E4%B9%8B%E6%AC%BE%E9%A0%85) This subsection describes the terms of the amount payable to a director of a subsidiary - The amount due to Ms. Liu Gui'e bears interest at an annual rate of **12%**, is unsecured, and repayable on demand[36](index=36&type=chunk) [Related Party Transactions](index=18&type=section&id=%E9%97%9C%E9%80%A3%E4%BA%BA%E5%A3%AB%E4%BA%A4%E6%98%93) This section reports related party transactions for the period, primarily interest expenses and key management personnel compensation Related Party Transactions (HKD thousands) | Transaction Type | June 30, 2025 (HKD thousands) | June 30, 2024 (HKD thousands) | | :--- | :--- | :--- | | Interest expense payable to Ms. Liu Gui'e | 333 | — | Key Management Personnel Compensation (HKD thousands) | Key Management Personnel Compensation | June 30, 2025 (HKD thousands) | June 30, 2024 (HKD thousands) | | :--- | :--- | :--- | | Short-term benefits | 2,640 | 3,918 | | Post-employment benefits | 18 | 18 | | **Total** | **2,658** | **3,936** | - Total key management personnel compensation decreased year-on-year from HKD 3,936 thousands in the same period of 2024 to **HKD 2,658 thousands** in the same period of 2025[39](index=39&type=chunk) Management Discussion and Analysis [Interim Dividend](index=19&type=section&id=%E4%B8%AD%E6%9C%9F%E8%82%A1%E6%81%AF) The Board has decided not to declare an interim dividend for the six months ended June 30, 2025, consistent with the prior year - The Board resolved not to declare an interim dividend for the six months ended June 30, 2025 (2024: nil)[41](index=41&type=chunk) [Business and Financial Review](index=19&type=section&id=%E6%A5%AD%E5%8B%99%E5%8F%8A%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) Despite challenging operating conditions, the Group's revenue decreased by only 10% year-on-year, and the loss attributable to owners significantly narrowed - In the first half of 2025, the Group's revenue decreased by **10% year-on-year** to approximately HKD 61,958 thousands[42](index=42&type=chunk) - Loss attributable to owners of the Company for the period was approximately **HKD 4,284 thousands**, a significant narrowing from HKD 17,806 thousands in the same period of 2024[42](index=42&type=chunk) - Core business loss narrowed from HKD 15,802 thousands in the same period of 2024 to **HKD 1,829 thousands** in the same period of 2025[42](index=42&type=chunk) [Overall Performance](index=19&type=section&id=%E7%B8%BD%E9%AB%94%E8%A1%A8%E7%8F%BE) This subsection summarizes the Group's overall business and financial performance under challenging operating conditions - The operating environment is challenging due to trade protectionism[42](index=42&type=chunk) - The decrease in revenue was primarily due to a decline in toy product sales[42](index=42&type=chunk) [Toy Products](index=19&type=section&id=%E7%8E%A9%E5%85%B7%E7%94%A2%E5%93%81) This subsection reviews the performance of the toy products segment, noting a decrease in revenue but a significant reduction in loss - Revenue from the toy products segment decreased by approximately **10% year-on-year** to HKD 61,958 thousands, accounting for **100% of the Group's total revenue**[43](index=43&type=chunk) - The segment recorded a loss of approximately **HKD 992 thousands**, a significant reduction from HKD 13,759 thousands in the same period of 2024, mainly due to lower sales in the Hong Kong market[43](index=43&type=chunk) [Novelty Items and Ornaments](index=19&type=section&id=%E5%A5%87%E8%B6%A3%E7%B2%BE%E5%93%81%E5%8F%8A%E8%A3%9D%E9%A3%BE%E5%93%81) This subsection reviews the performance of the novelty items and ornaments segment, which recorded no revenue but a narrowed loss - The novelty items and ornaments segment generated no revenue and recorded a loss of approximately **HKD 837 thousands**, primarily due to staff costs and factory overheads[44](index=44&type=chunk) - The segment's loss narrowed compared to HKD 2,043 thousands in the same period of 2024[44](index=44&type=chunk) [Distribution Costs and Administrative Expenses](index=20&type=section&id=%E5%88%86%E9%8A%B7%E6%88%90%E6%9C%AC%E5%8F%8A%E8%A1%8C%E6%94%BF%E8%B2%BB%E7%94%A8) This subsection analyzes changes in distribution costs and administrative expenses, highlighting the reasons for their fluctuations - Distribution costs increased by approximately **4% year-on-year** to HKD 998 thousands, mainly due to higher transportation costs[45](index=45&type=chunk) - Administrative expenses decreased by approximately **30% year-on-year** to HKD 24,164 thousands, primarily due to reduced staff costs and directors' remuneration resulting from a decrease in the average monthly salary of full-time employees[45](index=45&type=chunk) [Finance Costs](index=20&type=section&id=%E8%B2%A1%E5%8B%99%E8%B2%BB%E7%94%A8) This subsection details the increase in finance costs and the contributing factors - Finance costs increased by approximately **104% year-on-year** to HKD 776 thousands[46](index=46&type=chunk) - The increase was due to higher interest on lease liabilities, amounts due to a director of a subsidiary, and other borrowings[46](index=46&type=chunk) [Liquidity and Financial Resources](index=20&type=section&id=%E8%B3%87%E9%87%91%E6%B5%81%E5%8B%95%E6%80%A7%E5%8F%8A%E8%B2%A1%E6%94%BF%E8%B3%87%E6%BA%90) This section reports the Group's debt-to-equity ratio, cash balances, and confirms sufficient financial resources Liquidity and Financial Resources (HKD thousands) | Indicator | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | Amount due to a director of a subsidiary | 5,686 | 6,443 | | Other borrowings | 3,450 | 1,000 | | Bank balances and cash | 19,303 | 24,547 | - The debt-to-equity ratio increased from **22%** as of December 31, 2024, to **30%** as of June 30, 2025[47](index=47&type=chunk) - As of June 30, 2025, net current assets were **HKD 24,238 thousands**, indicating the Group has sufficient financial resources[47](index=47&type=chunk) [Net Asset Value and Pledges](index=21&type=section&id=%E8%B3%87%E7%94%A2%E6%B7%A8%E5%80%BC%E5%8F%8A%E6%8A%B5%E6%8A%BC) This section discloses a decrease in net asset value per share and confirms no assets were pledged at the reporting date Net Asset Value Per Share (HKD) | Indicator | June 30, 2025 (HKD) | December 31, 2024 (HKD) | | :--- | :--- | :--- | | Net asset value per share | 0.09 | 0.11 | - As of June 30, 2025, the Group had not pledged any assets[49](index=49&type=chunk) [Contingent Liabilities](index=21&type=section&id=%E6%88%96%E7%84%B6%E8%B2%A0%E5%82%B5) The Group's contingent liabilities remained unchanged since December 31, 2024 - The Group's contingent liabilities remained unchanged since December 31, 2024[50](index=50&type=chunk) [Significant Investments](index=21&type=section&id=%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87) This section details the Group's financial assets at fair value through profit or loss, including equity and debt securities, and related gains Financial Assets at Fair Value Through Profit or Loss (HKD thousands) | Financial Asset Type | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | Hong Kong listed equity securities | 556 | 1,747 | | Overseas listed debt securities | 63 | 90 | | Unlisted equity-linked notes | 1,807 | 585 | | **Total** | **2,426** | **2,422** | - As of June 30, 2025, the total financial assets at fair value through profit or loss amounted to **HKD 2,426 thousands**[51](index=51&type=chunk) - Gain on disposal of financial assets at fair value through profit or loss was **HKD 36 thousands** (2024: loss of HKD 11 thousands)[51](index=51&type=chunk) [Employees and Remuneration Policy](index=21&type=section&id=%E5%83%B1%E5%93%A1%E5%8F%8A%E8%96%AA%E9%85%AC%E6%94%BF%E7%AD%96) This section provides information on the Group's employee headcount and its remuneration policy, emphasizing performance-based compensation - As of June 30, 2025, the Group employed approximately **620 full-time employees** (December 31, 2024: 610 employees)[52](index=52&type=chunk) - The remuneration policy is primarily determined by current industry practices and individual employee performance, and is reviewed regularly[52](index=52&type=chunk) [Foreign Exchange Risk](index=22&type=section&id=%E5%A4%96%E5%8C%AF%E9%A2%A8%E9%9A%AA) This section discusses the Group's exposure to foreign exchange risk, primarily involving RMB, HKD, and USD, and its current hedging strategy - Purchases are mainly settled in RMB and HKD, while sales are primarily settled in RMB and USD[53](index=53&type=chunk) - No significant risk is anticipated due to the HKD peg to the USD, and RMB trends will be closely monitored[53](index=53&type=chunk) - As of June 30, 2025, the Group did not use any financial instruments to hedge foreign currency risk[53](index=53&type=chunk) [Future Plans for Significant Investments](index=22&type=section&id=%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87%E7%9A%84%E6%9C%AA%E4%BE%86%E8%A8%88%E5%8A%83) The company has established a wholly-owned subsidiary to launch AI large model-centric tech services and plans to integrate AI into its existing core business - China's government work report first proposed the "AI+" initiative, stimulating demand for computing power[54](index=54&type=chunk) - The Company established a wholly-owned subsidiary, Perfectech Intelligence (Hong Kong) Limited, in June 2025 to launch AI large model-centric technology services[54](index=54&type=chunk) - Perfectech Intelligence (Hong Kong) Limited will focus on foundational model building and enterprise application exploration, including database services, computing power services, multi-semantic understanding, multi-modal content generation, and intelligent interaction[54](index=54&type=chunk) - The Company is considering applying large model technology to product design, marketing content generation, and consumer interaction in its existing core business to enhance operational efficiency and user experience[55](index=55&type=chunk) - Management is committed to continuously increasing investment in technology services and adopting a diversified business development strategy under the "Strengthen Core Business + Layout Future" strategy[55](index=55&type=chunk) [Outlook](index=23&type=section&id=%E5%89%8D%E6%99%AF) The company will launch AI tech services, prudently evaluate investments, optimize existing products, and control costs to navigate high interest rates and tariffs - The Company will launch AI large model-centric technology services through Perfectech Intelligence (Hong Kong) Limited, seeking added value and new revenue streams[56](index=56&type=chunk) - High interest rates and tariffs are expected to continue posing uncertainties and challenges to the operating environment in the second half of 2025[56](index=56&type=chunk) - The Group will continue to optimize its existing product portfolio, improve production and operational efficiency, and implement strict cost control measures[56](index=56&type=chunk) Other Information [Directors' and Chief Executive's Interests in Shares and Share Options](index=24&type=section&id=%E8%91%A3%E4%BA%8B%E5%8F%8A%E6%9C%80%E9%AB%98%E8%A1%8C%E6%94%BF%E4%BA%BA%E5%93%A1%E6%96%BC%E8%82%A1%E4%BB%BD%E5%8F%8A%E8%B3%BC%E8%82%A1%E6%AC%8A%E4%B9%8B%E6%AC%8A%E7%9B%8A) As of June 30, 2025, no directors or chief executives held disclosable interests in the company's shares, related shares, or debentures - As of June 30, 2025, no directors or chief executives held disclosable interests or short positions in the shares, underlying shares, or debentures of the Company or its associated corporations[57](index=57&type=chunk) [Major Shareholders](index=24&type=section&id=%E4%B8%BB%E8%A6%81%E8%82%A1%E6%9D%B1) This section lists major shareholders holding 5% or more of the company's shares as of June 30, 2025, and their respective holdings Major Shareholders as of June 30, 2025 | Shareholder | Capacity | Number of Shares Held | Percentage of Issued Share Capital | | :--- | :--- | :--- | :--- | | Mr. Zhong Shihui | Interest of controlled corporation | 81,730,000 | 25.00% | | Xiao Qing | Spouse's interest | 81,730,000 | 25.00% | | Hong Kong Zhonglai Industrial Co., Limited | Beneficial owner | 81,730,000 | 25.00% | | Ms. Chen Yuyan | Interest of controlled corporation | 59,867,081 | 18.31% | | One Two Three Technology Limited | Beneficial owner | 59,867,081 | 18.31% | | Hou Hanping* | Beneficial owner | 18,757,200 | 5.74% | | Yan Guoliang* | Beneficial owner | 18,528,000 | 5.67% | - Mr. Zhong Shihui and his spouse, Ms. Xiao Qing, hold **25.00%** of the shares through Hong Kong Zhonglai Industrial Co., Limited[58](index=58&type=chunk)[62](index=62&type=chunk) - Ms. Chen Yuyan holds **18.31%** of the shares through One Two Three Technology Limited[58](index=58&type=chunk)[62](index=62&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=25&type=section&id=%E8%B3%BC%E8%B2%B7%E3%80%81%E5%87%BA%E5%94%AE%E6%88%96%E8%B4%96%E5%9B%9E%E6%9C%AC%E5%85%AC%E5%8F%B8%E4%B9%8B%E4%B8%8A%E5%B8%82%E8%AD%89%E5%88%B8) For the six months ended June 30, 2025, neither the company nor its subsidiaries purchased, sold, or redeemed any of its listed securities - During the period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[59](index=59&type=chunk) [Corporate Governance](index=25&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB) This section reports on the company's compliance with corporate governance codes, including deviations from certain listing rules and corrective actions - The Company has adopted the Corporate Governance Code and complied with its provisions during the period, except for the non-separation of the roles of Chairman and Chief Executive[60](index=60&type=chunk)[61](index=61&type=chunk) - The Board is actively seeking suitable candidates for the roles of Chairman and Chief Executive, with responsibilities jointly undertaken by directors and the company secretary in the interim[63](index=63&type=chunk) [Compliance with Corporate Governance Code](index=25&type=section&id=%E9%81%B5%E5%AE%88%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%AE%88%E5%88%99) This subsection details the company's adherence to the Corporate Governance Code, noting a deviation regarding the separation of Chairman and CEO roles - The Company complied with the code provisions, but deviated from code provision C.2.1, where the roles of Chairman and Chief Executive are not separated[61](index=61&type=chunk) - The responsibilities of the Chairman are jointly undertaken by all directors and the company secretary, while the responsibilities of the Chief Executive are jointly undertaken by all executive directors and senior management[63](index=63&type=chunk) [Non-Compliance with Listing Rules](index=26&type=section&id=%E4%B8%8D%E9%81%B5%E5%AE%88%E4%B8%8A%E5%B8%82%E8%A6%8F%E5%89%87) This subsection outlines specific instances of non-compliance with Listing Rules, particularly concerning the number of independent non-executive directors and audit committee members - Following Mr. Xie Xiaohong's resignation as an Independent Non-executive Director, the Board does not comply with Listing Rule 3.10(1) (at least three independent non-executive directors) and Rule 3.21 (at least three members on the Audit Committee)[64](index=64&type=chunk) - The Company is making its best efforts to identify suitable candidates to comply with the Listing Rules within three months from July 9, 2025[65](index=65&type=chunk) [Standard Code for Securities Transactions by Directors](index=27&type=section&id=%E8%91%A3%E4%BA%8B%E9%80%B2%E8%A1%8C%E8%AD%89%E5%88%B8%E4%BA%A4%E6%98%93%E4%B9%8B%E6%A8%99%E6%BA%96%E5%AE%88%E5%88%99) This subsection confirms the adoption and compliance with a code of conduct for directors' securities transactions - The Board has adopted a code of conduct no less exacting than the Standard Code set out in Appendix C3 of the Listing Rules[66](index=66&type=chunk) - All Directors confirmed compliance with the Standard Code and the Company's code of conduct for the six months ended June 30, 2025[66](index=66&type=chunk) [Audit Committee and Board Members](index=27&type=section&id=%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%91%A1%E6%9C%83%E5%8F%8A%E8%91%A3%E4%BA%8B%E6%9C%83%E6%88%90%E5%93%A1) This subsection details the composition of the Audit Committee and the Board of Directors as of the reporting date - The Audit Committee comprises two Independent Non-executive Directors (Ms. Chen Baolin and Mr. Liu Shuren, with Mr. Liu Shuren as Chairman) and has reviewed the interim results[67](index=67&type=chunk) - As of the reporting date, the Board of Directors includes three Executive Directors (Mr. Li Shaohua, Mr. Pan Weiye, Mr. Zhong Shihui) and two Independent Non-executive Directors (Mr. Liu Shuren, Ms. Chen Baolin)[68](index=68&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 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 00765 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 326,923,607 | | 0 | | 326,923,607 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 326,923,607 | | 0 | | 326,923,607 | 第 2 頁 共 10 頁 v 1.1.1 公司名稱: 威發國際集團有限公司 呈交日期: 2025年9月1日 I. ...

格隆汇8月29日丨PERFECTECH INTL(00765.HK)公布中期业绩，2025年上半年，公司收益为6195.8万港 元，同比减少9.70%；公司股东应占期内亏损为428.4万港元，上年同期亏损1780.6万港元；基本每股亏 损为1.31港仙。 ...