China e-Wallet Payment Group Limited 中國錢包支付集團有限公司 * (a company incorporated in Bermuda with limited liability) （於百慕達註冊成立的有限公司） NOTIFICATION LETTER 通知信函 Dear Registered Shareholder(s) (Note 1), China e-Wallet Payment Group Limited (the "Company") – Notice of Publication of Interim Report 2025 ("Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communication are available on the Company's website at www.hklistco.com/802 and the website of HKExnews (the "HKEx ...

China e-Wallet Payment Group Limited 中國錢包支付集團有限公司 * (a company incorporated in Bermuda with limited liability) （於百慕達註冊成立的有限公司） (Stock Code: 802) （股份代號：802） NOTIFICATION LETTER 通知信函 Dear Non-Registered Holder(s) (Note 1), China e-Wallet Payment Group Limited (the "Company") – Notice of Publication of Interim Report 2025 ("Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.hklistco.com/802 and the w ...

Name(s) and Address of Registered Shareholders 登記股東的姓名及地址 Reply Form 回條 To: China e-Wallet Payment Group Limited (the "Company") (Stock Code: 00802) c/o Tricor Investor Services Limited (the "Hong Kong Branch Share Registrar") 17/F, Far East Finance Centre, 16 Harcourt Road, Hong Kong 致：中國錢包支付集團有限公司* （「本公司」） （股份代號：00802） 經卓佳證券登記有限公司 （「香港股份過戶登記分處」） 香港夏愨道16號 遠東金融中心17樓 I/We would like to receive the Corporate Communications# of the Company ("Corporate Communications") in the manner as indicated below: 本人╱我們希望以 ...

[Unaudited Interim Results](index=2&type=section&id=Unaudited%20Interim%20Results) [Condensed Consolidated Statement of Profit or Loss](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) The Group achieved **90.85%** revenue growth to **23,246 thousand HKD** for the six months ended June 30, 2025, successfully turning a loss into a **3,009 thousand HKD** profit Period Financial Performance (Six Months Ended June 30) | Indicator | 2025 (thousand HKD) | 2024 (thousand HKD) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 23,246 | 12,180 | 90.85% | | Gross Profit | 3,621 | 726 | 398.76% | | Operating Profit/(Loss) | 3,879 | (23,060) | Turned Loss to Profit | | Profit/(Loss) for the Period | 3,009 | (23,930) | Turned Loss to Profit | | Basic Earnings/(Loss) Per Share | 0.48 HK cents | (3.97) HK cents | Turned Loss to Profit | - Key change reason: The net realized and unrealized fair value gains/(losses) on financial assets at fair value through profit or loss shifted from a loss of **21,496 thousand HKD** in 2024 to a gain of **2,572 thousand HKD** in 2025, a key factor in turning the loss into profit[3](index=3&type=chunk) - Selling and administrative expenses slightly increased from **2,664 thousand HKD** in 2024 to **2,686 thousand HKD** in 2025, but their proportion of revenue significantly decreased[3](index=3&type=chunk) [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, the Group recorded total comprehensive income of **3,009 thousand HKD**, reversing a **23,939 thousand HKD** loss in the prior year Total Comprehensive Income/(Loss) for the Period (Six Months Ended June 30) | Indicator | 2025 (thousand HKD) | 2024 (thousand HKD) | | :--- | :--- | :--- | | Profit/(Loss) for the Period | 3,009 | (23,930) | | Exchange differences on translation of foreign operations | – | (9) | | Total Comprehensive Income/(Loss) for the Period | 3,009 | (23,939) | - Total comprehensive income/(loss) attributable to owners of the Company: **2,916 thousand HKD** in 2025, and **(23,967) thousand HKD** in 2024[6](index=6&type=chunk) [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As at June 30, 2025, the Group's total assets increased to **65,942 thousand HKD**, a **7.87%** growth from **61,132 thousand HKD** at the end of 2024, with total equity increasing to **30,116 thousand HKD** and total liabilities to **35,826 thousand HKD** Key Balance Sheet Data (As at June 30) | Indicator | 2025 (thousand HKD) | Dec 31, 2024 (thousand HKD) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 65,942 | 61,132 | 7.87% | | Financial Assets at Fair Value Through Profit or Loss | 45,019 | 44,833 | 0.41% | | Trade Receivables | 12,454 | 6,170 | 101.85% | | Cash and Bank Balances | 5,251 | 6,176 | -15.00% | | Total Equity | 30,116 | 27,107 | 11.09% | | Total Liabilities | 35,826 | 34,025 | 5.30% | | Net Current Assets | 29,646 | 41,621 | -28.77% | - Significant growth in trade receivables: Trade receivables increased from **6,170 thousand HKD** at the end of 2024 to **12,454 thousand HKD** as at June 30, 2025, more than doubled[8](index=8&type=chunk) - Changes in bonds payable structure: Bonds payable in non-current liabilities decreased from **14,515 thousand HKD** at the end of 2024 to zero, while bonds payable in current liabilities increased from zero to **15,265 thousand HKD**, indicating some bonds have been reclassified as short-term liabilities[10](index=10&type=chunk) [Condensed Consolidated Statement of Changes in Equity](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended June 30, 2025, equity attributable to owners of the Company increased from **27,657 thousand HKD** as at January 1, 2025, to **30,573 thousand HKD**, primarily driven by a profit of **2,916 thousand HKD** for the period Equity Attributable to Owners of the Company (thousand HKD) | Indicator | June 30, 2025 (thousand HKD) | Jan 1, 2025 (thousand HKD) | June 30, 2024 (thousand HKD) | Jan 1, 2024 (thousand HKD) | | :--- | :--- | :--- | :--- | :--- | | Equity Attributable to Owners of the Company | 30,573 | 27,657 | 308,025 | 331,992 | - Profit for the period and total comprehensive income: For the first half of 2025 was **2,916 thousand HKD**, while for the first half of 2024 was a loss of **23,967 thousand HKD**, showing significant improvement in the company's profitability[11](index=11&type=chunk) - Share capital remained unchanged: Issued and fully paid share capital remained at **6,035 thousand HKD** during the reporting period, with the number of shares at **603,545,948**[11](index=11&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended June 30, 2025, the Group's net cash used in operating activities was **2,133 thousand HKD**, a decrease from the prior year, with cash and cash equivalents at period-end of **5,251 thousand HKD**, a decrease from the beginning of the year Key Cash Flow Data (Six Months Ended June 30) | Indicator | 2025 (thousand HKD) | 2024 (thousand HKD) | | :--- | :--- | :--- | | Net Cash Used in Operating Activities | (2,133) | (4,353) | | Net Cash From Investing Activities | 1,448 | 1 | | Net Cash Used in Financing Activities | (240) | (1,217) | | Net Decrease in Cash and Cash Equivalents | (925) | (5,569) | | Cash and Cash Equivalents at June 30 | 5,251 | 7,286 | - Operating cash flow improved: Net cash used in operating activities decreased from **4,353 thousand HKD** in 2024 to **2,133 thousand HKD** in 2025, indicating improved operating efficiency[14](index=14&type=chunk) - Investing cash flow significantly increased: Net cash from investing activities significantly increased from **1 thousand HKD** in 2024 to **1,448 thousand HKD** in 2025[14](index=14&type=chunk) [Notes to the Condensed Consolidated Interim Financial Information](index=8&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Information) [Item 1. General Information and Basis of Preparation](index=8&type=section&id=Item%201.%20General%20Information%20and%20Basis%20of%20Preparation) The Company is an investment holding company registered in Bermuda, with principal activities including mobile application development and settlement application services, and trading of beauty, computer, and mobile-related electronic products and services; interim financial information is presented in HKD and prepared in accordance with IAS 34 and the Listing Rules, with accounting policies consistent with the 2024 annual statements, except for IFRS amendments effective January 1, 2025 - Company nature and principal activities: The Company is an investment holding company, with principal activities including mobile application development and settlement application services, and trading of beauty, computer, and mobile-related electronic products and services[16](index=16&type=chunk) - Basis of preparation: The interim financial information is prepared in accordance with International Accounting Standard 34 'Interim Financial Reporting' and the applicable disclosure requirements of Appendix D2 to the Listing Rules of the Stock Exchange[17](index=17&type=chunk) - Consistency of accounting policies: The principal accounting policies adopted in the preparation of the interim financial information are consistent with those adopted in the annual audited consolidated financial statements for the year ended December 31, 2024, except for the amendments to International Financial Reporting Standards effective January 1, 2025[17](index=17&type=chunk) [Item 2. Application of Revised International Financial Reporting Standards](index=9&type=section&id=Item%20

（於百慕達註冊成立的有限公司） （股份代號：802） 各位股東： 公司通訊文件語言版本及收取方式之選擇 China e-Wallet Payment Group Limited 中國錢包支付集團有限公司 * 閣 下 可 以 隨 時 通 過 本 公 司 香 港 股 份 過 戶 登 記 分 處 向 本 公 司 發 出 合 理 時 間 的 書 面 通 知，或 發 送 電 郵 至 cewallet-ecom@vistra.com，以更改收取公司通訊文件之語言版本及收取途徑之選擇。選擇（或視為同意）以電子途徑收 取日後刊發的所有公司通訊文件的股東，如因任何理由以致收取或接收公司通訊文件上出現困難，本公司可應其要求 立即向其免費發送公司通訊文件的印刷本。 請留意：(a) 閣下可向本公司或香港股份過戶登記分處索取所有日後刊發的公司通訊文件的英文版及中文版印刷本； 且(b) 所有日後刊發的公司通訊文件的英文版及中文版亦會在本公司的網站www.hklistco.com/802及香港交易所披露易 網站www.hkexnews.hk上刊載。 閣下如對本函件有任何疑問，請於辦公時間（星期一至星期五（公眾假期除外）上午9時正至下午6時 ...

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 | 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) | 00802 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 200,000,000,000 | HKD | | 0.01 | HKD | | 2,000,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 200,000,000,000 | HKD | | 0.01 | HKD | | 2,000,000,000 | 本月底法定/註冊股本總額： HKD 2,000,000,000 FF301 第 ...

Core Viewpoint - The company reported a significant increase in revenue and a turnaround in profit for the six months ending June 30, 2025, indicating strong performance in its business segments [1] Financial Performance - The company achieved revenue of HKD 23.246 million, representing a year-on-year increase of 90.85% [1] - The profit attributable to owners was HKD 2.916 million, a recovery from a loss of HKD 23.958 million in the same period last year [1] - Earnings per share were reported at HKD 0.048 [1] Revenue Drivers - The increase in revenue was primarily driven by growth in the beauty, computer, and mobile-related electronic products and services segments [1]

Core Viewpoint - China Wallet (00802) reported a significant increase in revenue and a turnaround in profit for the six months ending June 30, 2025, indicating strong performance in its business segments [1] Financial Performance - The company achieved revenue of HKD 23.246 million, representing a year-on-year increase of 90.85% [1] - The profit attributable to owners was HKD 2.916 million, a recovery from a loss of HKD 23.958 million in the same period last year [1] - Earnings per share stood at HKD 0.048 [1] Revenue Drivers - The increase in revenue was primarily driven by growth in the beauty, computer, and mobile-related electronic products and services sectors [1]

[Company Announcement and Board Information](index=1&type=section&id=Company%20Announcement%20%26%20Board%20Information) [Interim Results Announcement](index=1&type=section&id=Interim%20Results%20Announcement) China e-Wallet Payment Group Limited announced its unaudited condensed consolidated interim results for the six months ended June 30, 2025, in compliance with Stock Exchange Listing Rules - Company Name: **China e-Wallet Payment Group Limited**[2](index=2&type=chunk) - Reporting Period: Six months ended **June 30, 2025**[2](index=2&type=chunk) - Status: Unaudited condensed consolidated interim results[2](index=2&type=chunk) - Publication Date: **August 28, 2025**[3](index=3&type=chunk) [Board of Directors](index=1&type=section&id=Board%20of%20Directors) The Board of Directors comprises one Executive Director and three Independent Non-executive Directors - Executive Director: **Mr. Lam Chi Ka**[3](index=3&type=chunk) - Independent Non-executive Directors: **Ms. Pang Ching Yee**, **Mr. Tse Tung Leung**, **Mr. Wong Sze Lok**[3](index=3&type=chunk) [Condensed Consolidated Financial Statements](index=2&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) For the six months ended June 30, 2025, the Company achieved a profit of HKD 3.01 million, a significant improvement from a loss of HKD 23.93 million in the prior year, driven by substantial revenue growth and a fair value gain on financial assets Condensed Consolidated Statement of Profit or Loss Key Data (Six Months Ended June 30) | Metric | 2025 (thousand HKD) | 2024 (thousand HKD) | Change (thousand HKD) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Revenue | 23,246 | 12,180 | 11,066 | 90.85% | | Gross Profit | 3,621 | 726 | 2,895 | 398.76% | | Net Realized and Unrealized Fair Value Gains/(Losses) on Financial Assets at FVTPL | 2,572 | (21,496) | 24,068 | N/A | | Operating Profit/(Loss) | 3,879 | (23,060) | 26,939 | N/A | | Profit/(Loss) for the Period | 3,009 | (23,930) | 26,939 | N/A | | Profit/(Loss) Attributable to Owners of the Company | 2,916 | (23,958) | 26,874 | N/A | | Basic and Diluted Earnings/(Loss) Per Share | 0.48 HK cents | (3.97) HK cents | 4.45 HK cents | N/A | [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, the Company recorded total comprehensive income of HKD 3.01 million, compared to a total comprehensive loss of HKD 23.94 million in the prior year, primarily due to the profit for the period Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Key Data (Six Months Ended June 30) | Metric | 2025 (thousand HKD) | 2024 (thousand HKD) | Change (thousand HKD) | | :--- | :--- | :--- | :--- | | Profit/(Loss) for the Period | 3,009 | (23,930) | 26,939 | | Exchange Differences on Translation of Foreign Operations | – | (9) | 9 | | Total Comprehensive Income/(Loss) for the Period | 3,009 | (23,939) | 26,948 | | Total Comprehensive Income/(Loss) for the Period Attributable to Owners of the Company | 2,916 | (23,967) | 26,883 | [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, total assets increased to HKD 65.94 million and total equity to HKD 30.12 million, reflecting an improved gearing ratio Condensed Consolidated Statement of Financial Position Key Data (As of June 30) | Metric | June 30, 2025 (thousand HKD) | December 31, 2024 (thousand HKD) | Change (thousand HKD) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Total Assets | 65,942 | 61,132 | 4,810 | 7.87% | | Equity Attributable to Owners of the Company | 30,573 | 27,657 | 2,916 | 10.54% | | Total Equity | 30,116 | 27,107 | 3,009 | 11.09% | | Total Liabilities | 35,826 | 34,025 | 1,801 | 5.29% | | Net Current Assets | 29,646 | 41,621 | (11,975) | -28.77% | [Condensed Consolidated Statement of Changes in Equity](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended June 30, 2025, equity attributable to owners of the Company increased from HKD 27.66 million as of January 1, 2025, to HKD 30.57 million, primarily due to profit for the period Condensed Consolidated Statement of Changes in Equity Key Data (Six Months Ended June 30) | Metric | June 30, 2025 (thousand HKD) | January 1, 2025 (thousand HKD) | Change (thousand HKD) | | :--- | :--- | :--- | :--- | | Equity Attributable to Owners of the Company | 30,573 | 27,657 | 2,916 | | Non-controlling Interests | (457) | (550) | 93 | | Total | 30,116 | 27,107 | 3,009 | [Condensed Consolidated Statement of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended June 30, 2025, net cash used in operating activities decreased, net cash from investing activities increased, and cash and cash equivalents at period-end amounted to HKD 5.25 million Condensed Consolidated Statement of Cash Flows Key Data (Six Months Ended June 30) | Metric | 2025 (thousand HKD) | 2024 (thousand HKD) | Change (thousand HKD) | | :--- | :--- | :--- | :--- | | Net Cash Used in Operating Activities | (2,133) | (4,353) | 2,220 | | Net Cash from Investing Activities | 1,448 | 1 | 1,447 | | Net Cash Used in Financing Activities | (240) | (1,217) | 977 | | Net Decrease in Cash and Cash Equivalents | (925) | (5,569) | 4,644 | | Cash and Cash Equivalents as of June 30 | 5,251 | 7,286 | (2,035) | [Notes to the Condensed Consolidated Interim Financial Information](index=8&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Information) [General Information and Basis of Preparation](index=8&type=section&id=General%20Information%20and%20Basis%20of%20Preparation) The Company is a Bermuda-registered investment holding company, primarily engaged in mobile application development and settlement services, and trading of beauty, computer, and mobile-related electronic products; interim financial information is presented in HKD and prepared in accordance with IAS 34 and Stock Exchange Listing Rules - Company registration: **Bermuda**[17](index=17&type=chunk) - Principal activities: Mobile application development and settlement application services, and trading of beauty, computer, and mobile-related electronic products and services[17](index=17&type=chunk) - Functional currency: **HKD**[17](index=17&type=chunk) - Basis of preparation: **IAS 34** and **Appendix D2 of the Listing Rules**[18](index=18&type=chunk) [Application of Revised IFRSs](index=9&type=section&id=Application%20of%20Revised%20IFRSs) The Group adopted revised IFRSs effective January 1, 2025, which did not result in significant changes to accounting policies or financial statement presentation - Adopted revised IFRSs effective **January 1, 2025**[20](index=20&type=chunk) - Adoption did not result in significant changes to accounting policies, financial information presentation, or reported amounts[20](index=20&type=chunk) [Revenue and Segment Information](index=9&type=section&id=Revenue%20and%20Segment%20Information) The Group's single operating segment is mobile applications and related accessories, with revenue primarily from beauty, computer, and mobile-related electronic products and services, and mobile application development and settlement application services, all generated in Hong Kong - Single operating segment: Mobile applications and related accessories[21](index=21&type=chunk) Disaggregation of Revenue from Contracts with Customers (Six Months Ended June 30) | Product/Service | 2025 (thousand HKD) | 2024 (thousand HKD) | Change (thousand HKD) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Mobile Application Development and Settlement Application Services | 4,457 | 525 | 3,932 | 748.95% | | Beauty, Computer and Mobile-related Electronic Products and Services | 18,789 | 11,655 | 7,134 | 61.21% | | **Total Revenue** | **23,246** | **12,180** | **11,066** | **90.85%** | - All revenue is derived from **Hong Kong** customers[23](index=23&type=chunk) - Major customers: Customer A contributed **HKD 10,984 thousand** (2024: **HKD 7,155 thousand**), Customer B contributed **HKD 7,805 thousand** (2024: **HKD 4,500 thousand**)[25](index=25&type=chunk) [Other Income](index=11&type=section&id=Other%20Income) For the six months ended June 30, 2025, other income primarily consisted of bond interest income, totaling HKD 372 thousand, largely consistent with the prior year Other Income (Six Months Ended June 30) | Income Source | 2025 (thousand HKD) | 2024 (thousand HKD) | | :--- | :--- | :--- | | Bank Interest Income | – | 1 | | Bond Interest Income | 372 | 373 | | **Total** | **372** | **374** | [Finance Costs](index=11&type=section&id=Finance%20Costs) For the six months ended June 30, 2025, finance costs totaled HKD 870 thousand, consistent with the prior year, mainly comprising interest expense on other borrowings and bonds payable Finance Costs (Six Months Ended June 30) | Cost Source | 2025 (thousand HKD) | 2024 (thousand HKD) | | :--- | :--- | :--- | | Interest Expense on Other Borrowings | 120 | 120 | | Interest Expense on Bonds Payable | 750 | 750 | | **Total** | **870** | **870** | [Profit/(Loss) Before Tax](index=11&type=section&id=Profit%2F%28Loss%29%20Before%20Tax) Profit/(loss) before tax is stated after deducting depreciation of property, plant and equipment, which was HKD 83 thousand in H1 2025 - Depreciation of property, plant and equipment: **HKD 83 thousand** in **2025**, **HKD 97 thousand** in **2024**[28](index=28&type=chunk) [Income Tax](index=12&type=section&id=Income%20Tax) The Group made no income tax provision in Hong Kong or China, as Hong Kong had no assessable profits or sufficient tax losses to offset, and the PRC enterprise income tax rate is 25% - Hong Kong profits tax: No provision made, due to no assessable profits or sufficient tax losses carried forward to offset[29](index=29&type=chunk) - PRC enterprise income tax: Applicable tax rate **25%**[30](index=30&type=chunk) [Earnings/(Loss) Per Share](index=12&type=section&id=Earnings%2F%28Loss%29%20Per%20Share) For the six months ended June 30, 2025, basic earnings per share was 0.48 HK cents, compared to a loss per share of 3.97 HK cents in the prior year, primarily due to the profit for the period Earnings/(Loss) Per Share (Six Months Ended June 30) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Profit/(Loss) Attributable to Owners of the Company | 2,916,000 HKD | (23,958,000) HKD | | Weighted Average Number of Ordinary Shares in Issue | 603,545,948 shares | 603,545,948 shares | | Basic and Diluted Earnings/(Loss) Per Share | 0.48 HK cents | (3.97) HK cents | - Basic and diluted earnings/loss per share were the same for **2025** and **2024**, as there were no potential dilutive ordinary shares or unexercised share options with a dilutive effect[33](index=33&type=chunk)[34](index=34&type=chunk) [Dividends](index=13&type=section&id=Dividends) For the six months ended June 30, 2025, the Company paid or proposed no dividends - No dividends paid or proposed during or after the reporting period[35](index=35&type=chunk) [Financial Assets at Fair Value Through Profit or Loss](index=13&type=section&id=Financial%20Assets%20at%20Fair%20Value%20Through%20Profit%20or%20Loss) As of June 30, 2025, financial assets at fair value through profit or loss primarily comprised Hong Kong listed equity securities, totaling HKD 45.02 million, slightly higher than at the end of 2024 Financial Assets at Fair Value Through Profit or Loss (As of June 30) | Asset Type | June 30, 2025 (thousand HKD) | December 31, 2024 (thousand HKD) | Change (thousand HKD) | | :--- | :--- | :--- | :--- | | Hong Kong Listed Equity Securities | 45,019 | 44,833 | 186 | - Financial assets held for trading are stated at fair value, determined by quoted bid prices on the Stock Exchange[36](index=36&type=chunk) [Trade Receivables](index=13&type=section&id=Trade%20Receivables) As of June 30, 2025, total trade receivables amounted to HKD 12.45 million, a significant increase from HKD 6.17 million at the end of 2024, with the aging structure showing more receivables concentrated in the 31-180 day range Aging Analysis of Trade Receivables (As of June 30) | Aging | June 30, 2025 (thousand HKD) | December 31, 2024 (thousand HKD) | | :--- | :--- | :--- | | 0 to 30 days | 7,563 | 6,360 | | 31 to 60 days | 2,155 | – | | 61 to 90 days | 2,250 | – | | 91 to 180 days | 425 | – | | Over 180 days | 251 | – | | **Total (Net of Allowance)** | **12,454** | **6,170** | - Trade receivables generally have a credit period of **30 to 180 days**[37](index=37&type=chunk) [Share Capital](index=14&type=section&id=Share%20Capital) As of June 30, 2025, the Company's authorized share capital was 200,000,000 thousand shares, and issued and fully paid share capital was 603,546 thousand shares with a par value of HKD 0.01 per share, totaling HKD 6,035 thousand, consistent with the end of 2024 Share Capital Structure (As of June 30) | Metric | Number of Shares (thousand shares) | Amount (thousand HKD) | | :--- | :--- | :--- | | Authorized Share Capital (par value HKD 0.01 per share) | 200,000,000 | 2,000,000 | | Issued and Fully Paid Share Capital (par value HKD 0.01 per share) | 603,546 | 6,035 | [Trade Payables](index=14&type=section&id=Trade%20Payables) As of June 30, 2025, total trade payables amounted to HKD 12.26 million, an increase from HKD 10.58 million at the end of 2024, with a significant increase in payables over 90 days old Aging Analysis of Trade Payables (As of June 30) | Aging | June 30, 2025 (thousand HKD) | December 31, 2024 (thousand HKD) | | :--- | :--- | :--- | | 0 to 30 days | 1,700 | 10,424 | | 31 to 60 days | 1,100 | – | | 61 to 90 days | 1,030 | – | | Over 90 days | 8,426 | 160 | | **Total** | **12,256** | **10,584** | - Trade payables generally have a credit period of **0 to 60 days**[39](index=39&type=chunk) [Financial Instruments](index=15&type=section&id=Financial%20Instruments) Directors believe the carrying amounts of financial assets and liabilities measured at amortized cost approximate their fair values; financial instruments measured at fair value are primarily Hong Kong listed equity securities, classified as fair value hierarchy Level 1, and valued using quoted bid prices in active markets - Carrying amounts of financial assets and liabilities measured at amortized cost approximate their fair values[40](index=40&type=chunk) - Financial instruments measured at fair value are primarily Hong Kong listed equity securities, classified as fair value hierarchy **Level 1**[42](index=42&type=chunk) - Fair value is determined by quoted bid prices in active markets[43](index=43&type=chunk) - No transfers between Level 1, 2, and 3 occurred during the reporting period[42](index=42&type=chunk) [Related Party Transactions](index=15&type=section&id=Related%20Party%20Transactions) Key management personnel compensation, including directors' remuneration, increased to HKD 120 thousand in H1 2025, up from HKD 46 thousand in the prior year Key Management Personnel Compensation (Six Months Ended June 30) | Metric | 2025 (thousand HKD) | 2024 (thousand HKD) | Change (thousand HKD) | | :--- | :--- | :--- | :--- | | Short-term Benefits | 120 | 46 | 74 | [Management Discussion and Analysis](index=16&type=section&id=Management%20Discussion%20and%20Analysis) [Operating Environment](index=16&type=section&id=Operating%20Environment) The Company faces challenges from technological innovation, changing consumer preferences, and trade flows, but through extensive technological deployment and core business adjustments, it can rapidly respond to market changes and continuously improve products and business operations - Operating environment is challenging, facing competition from technological innovation, changes in consumer preferences, and trade flows[45](index=45&type=chunk) - The Company has adjusted and continues to improve its core businesses and delivery, with innovation in products and business operations as its foundation[45](index=45&type=chunk) [Business Review](index=16&type=section&id=Business%20Review) The Group primarily engages in internet and mobile applications, interactive virtual reality technology development, design and distribution of computer/mobile/beauty-related electronic products, and system solution services - Principal activities: Providing internet and mobile applications, developing interactive virtual reality technology, design and distribution of computer-related, mobile-related, and beauty-related electronic products and accessories, and providing project-based system solution services[46](index=46&type=chunk) Revenue by Business Segment (Six Months Ended June 30) | Business Segment | 2025 (thousand HKD) | 2024 (thousand HKD) | Change (thousand HKD) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Mobile Application Development and Settlement Application Services | 4,457 | 525 | 3,932 | 748.95% | | Beauty, Computer and Mobile-related Electronic Products and Services | 18,789 | 11,655 | 7,134 | 61.21% | | **Total** | **23,246** | **12,180** | **11,066** | **90.85%** | [Mobile Application Development and Settlement Application Services](index=16&type=section&id=Mobile%20Application%20Development%20and%20Settlement%20Application%20Services) Following changes in directors in Q1 2024, the Group terminated loss-making settlement application services and focused on software and application development and consulting services, which generated HKD 4.46 million in revenue in H1 2025, leveraging rich industry experience and a strong customer base - Terminated loss-making settlement application services, focused on software and application development and consulting services[48](index=48&type=chunk) - Revenue from this service approximately **HKD 4.46 million** in H1 **2025**[48](index=48&type=chunk) - Management team has over **20 years** of experience in IT software and application development[48](index=48&type=chunk) - Hosted Hong Kong's first anime-themed interactive exhibition in **2019**, renowned for designing and installing high-quality interactive projection mapping systems[48](index=48&type=chunk) [Beauty, Computer and Mobile-related Electronic Products and Services](index=17&type=section&id=Beauty%2C%20Computer%20and%20Mobile-related%20Electronic%20Products%20and%20Services) The Group has been engaged in electronic product design and distribution since 2011, with revenue from this business approximately HKD 18.79 million in H1 2025, of which approximately 58.5% was supplied to a leading medical aesthetics service provider in Hong Kong, and will continue to focus on beauty-related electronic products - Engaged in electronic product design and distribution since **2011**[50](index=50&type=chunk) - Revenue from this business approximately **HKD 18.79 million** in H1 **2025**[50](index=50&type=chunk) - Approximately **58.5%** of electronic products supplied to a leading medical aesthetics service provider in **Hong Kong**[50](index=50&type=chunk) - Will continue to focus on the design and distribution of beauty-related electronic products in **2025**[50](index=50&type=chunk) [Financial Review](index=17&type=section&id=Financial%20Review) In H1 2025, the Group's financial performance significantly improved, with total revenue growth of 90.9%, a substantial increase in gross profit, and a turn from loss to profit for the period, primarily driven by business revenue growth and fair value gains on financial assets [Revenue](index=17&type=section&id=Revenue_FinancialReview) For the six months ended June 30, 2025, total revenue was approximately HKD 23.25 million, a 90.9% year-over-year increase, primarily driven by increased revenue from beauty, computer, and mobile-related electronic products and services - Total revenue approximately **HKD 23.25 million**, a **90.9% year-over-year increase**[52](index=52&type=chunk) - Revenue increase primarily due to increased revenue from beauty, computer, and mobile-related electronic products and services[52](index=52&type=chunk) [Gross Profit](index=17&type=section&id=Gross%20Profit) Gross profit for H1 2025 was HKD 3.62 million, a significant increase from HKD 0.73 million in the prior year, consistent with the revenue growth trend - Gross profit **HKD 3.62 million**, significantly increased from **HKD 0.73 million** in the prior year[53](index=53&type=chunk) [Selling and Administrative Expenses](index=17&type=section&id=Selling%20and%20Administrative%20Expenses) Selling and administrative expenses slightly increased to HKD 2.69 million, but their proportion of revenue decreased from 21.9% to 11.6%, indicating improved operational efficiency - Selling and administrative expenses increased to approximately **HKD 2.69 million**[54](index=54&type=chunk) - Proportion of revenue decreased from **21.9%** in **2024** to **11.6%** in **2025**[54](index=54&type=chunk) [Profit/(Loss) for the Period](index=17&type=section&id=Profit%2F%28Loss%29%20for%20the%20Period) The Group's profit for the period was approximately HKD 3.01 million, compared to a loss of HKD 23.93 million in the prior year, primarily driven by 90.9% revenue growth and a change in fair value of financial assets from a loss of HKD 21.50 million to a gain of HKD 2.57 million - Profit for the period approximately **HKD 3.01 million**, prior year was a loss of **HKD 23.93 million**[55](index=55&type=chunk) - Key drivers: Revenue growth of **90.9%**[55](index=55&type=chunk) - Key drivers: Fair value of financial assets changed from a loss of **HKD 21.50 million** to a gain of **HKD 2.57 million**[55](index=55&type=chunk) [Profit/(Loss) Attributable to Owners of the Company](index=18&type=section&id=Profit%2F%28Loss%29%20Attributable%20to%20Owners%20of%20the%20Company) Profit attributable to owners of the Company changed from a loss of HKD 23.96 million in H1 2024 to a profit of HKD 2.92 million in H1 2025 - Profit attributable to owners of the Company changed from a loss of **HKD 23.96 million** to a profit of **HKD 2.92 million**[56](index=56&type=chunk) [Liquidity and Capital Resources](index=18&type=section&id=Liquidity%20and%20Capital%20Resources) The Group manages cash flow through an internal financial budgeting system, with sales revenue as the primary cash source; the gearing ratio improved, while cash and cash equivalents at period-end slightly decreased [Gearing Ratio](index=18&type=section&id=Gearing%20Ratio) As of June 30, 2025, the gearing ratio was approximately 119.0%, a decrease from 125.5% as of December 31, 2024, indicating an improved financial structure - Gearing ratio: **119.0%** as of **June 30, 2025**, **125.5%** as of **December 31, 2024**[57](index=57&type=chunk) - Total debt: **HKD 35.83 million** as of **June 30, 2025**, **HKD 34.03 million** as of **December 31, 2024**[57](index=57&type=chunk) - Total capital: **HKD 30.12 million** as of **June 30, 2025**, **HKD 27.11 million** as of **December 31, 2024**[57](index=57&type=chunk) [Cash and Cash Equivalents](index=18&type=section&id=Cash%20and%20Cash%20Equivalents) As of June 30, 2025, cash and cash equivalents were approximately HKD 5.25 million, a decrease from HKD 6.18 million as of December 31, 2024 - Cash and cash equivalents: **HKD 5.25 million** as of **June 30, 2025**, **HKD 6.18 million** as of **December 31, 2024**[60](index=60&type=chunk) [Risk Management](index=18&type=section&id=Risk%20Management) The Group currently has no contingent liabilities, manages risk by monitoring foreign exchange risk and considering hedging, and has no assets pledged [Contingent Liabilities](index=18&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no contingent liabilities - No contingent liabilities[61](index=61&type=chunk) [Foreign Exchange Risk Management](index=18&type=section&id=Foreign%20Exchange%20Risk%20Management) Some bank balances are denominated in USD and RMB, exposing the Group to foreign exchange risk, but currently no hedging activities are undertaken, though monitoring and consideration for hedging will continue when necessary - Some bank balances denominated in **USD** and **RMB**, exposed to foreign exchange risk[62](index=62&type=chunk) - Currently no hedging activities, but will monitor and consider hedging when necessary[62](index=62&type=chunk) [Pledge of Group's Assets](index=18&type=section&id=Pledge%20of%20Group's%20Assets) As of June 30, 2025, the Group had not pledged any assets to secure loans - No assets pledged[63](index=63&type=chunk) [Significant Investments](index=19&type=section&id=Significant%20Investments) As of June 30, 2025, the Group held financial assets at fair value through profit or loss with a market value of approximately HKD 45.02 million, primarily invested in Hong Kong listed equity securities, with China Investment and Finance, Juntai Holdings, and Huilon Holdings among the major positions - Fair value of financial assets at fair value through profit or loss approximately **HKD 45.02 million**[64](index=64&type=chunk) Major Listed Investment Portfolio (As of June 30, 2025) | Investee Name | June 30, 2025 Fair Value (thousand HKD) | Percentage of Total Assets | H1 2025 Fair Value Gain/(Loss) (thousand HKD) | | :--- | :--- | :--- | :--- | | China Investment and Finance Group Limited | 16,455 | 24.95% | 1,865 | | Juntai Holdings Limited | 9,774 | 14.82% | 5,430 | | Huilon Holdings Limited | 4,695 | 7.12% | (2,449) | | Wanmin Haowu Holdings Limited | 4,387 | 6.65% | (71) | | Milan Station Holdings Limited | 3,500 | 5.31% | (494) | | Harbour Digital Industry Capital Limited | 2,283 | 3.46% | 87 | | Asia Grocery Distribution Limited | 1,460 | 2.22% | (170) | | **Subtotal** | **42,554** | **64.53%** | **4,198** | | Other Listed Equity Securities | 2,465 | 3.74% | (1,626) | | **Total** | **45,019** | **68.27%** | **2,572** | - Will continue to maintain a diversified investment portfolio and closely monitor market trends[68](index=68&type=chunk) - No other investments exceeding **2%** of the Group's total assets[69](index=69&type=chunk) [Human Resources](index=20&type=section&id=Human%20Resources) As of June 30, 2025, the Group had 25 employees, an increase from 15 at the end of 2024; the Company provides training and development programs, links remuneration to performance, and considers granting share options - Number of employees: **25** as of **June 30, 2025**, **15** as of **December 31, 2024**[70](index=70&type=chunk) - Provides training and development programs, remuneration is linked to individual performance and Group business performance[70](index=70&type=chunk) - Considers granting share options to eligible employees[70](index=70&type=chunk) [Management Outlook](index=20&type=section&id=Management%20Outlook) The Group is committed to business integration and restructuring to improve its financial position, will leverage existing technological knowledge and applications to diversify revenue streams, and continues to build a solid platform for sustainable development and potential growth, including exploring business opportunities such as interactive virtual reality games - Committed to business integration and restructuring to improve financial position[71](index=71&type=chunk) - Will leverage existing technological knowledge and applications to diversify revenue streams[71](index=71&type=chunk) - Continues to build a solid platform for sustainable development and potential growth[71](index=71&type=chunk) - Will continue to explore business opportunities such as interactive virtual reality games[71](index=71&type=chunk) [Future Plans and Significant Matters](index=20&type=section&id=Future%20Plans%20and%20Significant%20Matters) As of June 30, 2025, the Group had no future plans for significant investments or capital assets, nor any significant acquisitions or disposals [Future Plans for Significant Investments or Capital Assets](index=20&type=section&id=Future%20Plans%20for%20Significant%20Investments%20or%20Capital%20Assets) As of June 30, 2025, the Group had no specific plans for significant investments or capital assets - No future plans for significant investments or capital assets[72](index=72&type=chunk) [Significant Acquisitions and Disposals](index=20&type=section&id=Significant%20Acquisitions%20and%20Disposals) For the six months ended June 30, 2025, the Group had no significant acquisitions or disposals - No significant acquisitions or disposals[73](index=73&type=chunk) [Other Information](index=21&type=section&id=Other%20Information) [Corporate Governance Code](index=21&type=section&id=Corporate%20Governance%20Code) The Company adopted and complied with the Corporate Governance Code set out in Appendix C1 of the Listing Rules - Adopted and complied with the Corporate Governance Code set out in **Appendix C1 of the Listing Rules**[76](index=76&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=21&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) For the six months ended June 30, 2025, neither the Company nor any of its subsidiaries purchased, redeemed, or sold any of the Company's listed securities - No purchase, redemption, or sale of the Company's listed securities during the reporting period[77](index=77&type=chunk) [Directors' Securities Transactions](index=21&type=section&id=Directors%27%20Securities%20Transactions) The Company adopted the Model Code set out in Appendix C3 of the Listing Rules, and Directors confirmed full compliance with the Model Code during the reporting period - Adopted the **Model Code** set out in **Appendix C3 of the Listing Rules**[78](index=78&type=chunk) - Directors confirmed full compliance with the Model Code[79](index=79&type=chunk) [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures](index=21&type=section&id=Directors%27%20and%20Chief%20Executive%27s%20Interests%20and%20Short%20Positions%20in%20Shares%2C%20Underlying%20Shares%20and%20Debentures) As of June 30, 2025, no Directors or chief executive held interests or short positions in shares, underlying shares, and debentures required to be disclosed under the Securities and Futures Ordinance or the Model Code - No interests or short positions in shares, underlying shares, and debentures required to be disclosed by Directors or Chief Executive[80](index=80&type=chunk) [Major Shareholders' Interests and Short Positions in Shares and Underlying Shares](index=22&type=section&id=Major%20Shareholders%27%20Interests%20and%20Short%20Positions%20in%20Shares%20and%20Underlying%20Shares) As of June 30, 2025, Pan Junyan, Song Qifeng, and Huang Hao were major shareholders of the Company, holding respectively 20.9%, 7.5%, and 5.1% of the issued share capital Major Shareholders' Shareholdings (As of June 30, 2025) | Name | Capacity | Number of Shares Held (shares) | Approximate Percentage of Issued Share Capital | | :--- | :--- | :--- | :--- | | Pan Junyan | Beneficial Owner | 125,940,000 | 20.9% | | Song Qifeng | Beneficial Owner | 45,318,000 | 7.5% | | Huang Hao | Beneficial Owner | 31,000,000 | 5.1% | [Share Option Scheme](index=22&type=section&id=Share%20Option%20Scheme) The Company currently has no share option scheme in force - No share option scheme currently in force[85](index=85&type=chunk) [Audit Committee](index=22&type=section&id=Audit%20Committee) The Audit Committee comprises three Independent Non-executive Directors and has reviewed the Group's accounting principles, internal controls, and financial reporting matters, including this interim financial information - Audit Committee comprises three Independent Non-executive Directors, with **Mr. Wong Sze Lok** as Chairman[86](index=86&type=chunk) - Reviewed the Group's accounting principles, internal controls, and financial reporting matters, including this interim financial information[86](index=86&type=chunk) [Suspension of Trading](index=23&type=section&id=Suspension%20of%20Trading) Trading in the Company's shares has been suspended since April 2, 2024, due to the auditor's disclaimer of opinion on the financial statements; the Company is taking steps to comply with the Stock Exchange's resumption guidance - Trading in shares suspended since **April 2, 2024**[87](index=87&type=chunk) - Reason for suspension: Auditor's disclaimer of opinion on financial statements[87](index=87&type=chunk) - Company is taking steps to comply with the Stock Exchange's resumption guidance[87](index=87&type=chunk) [Events After Reporting Period](index=23&type=section&id=Events%20After%20Reporting%20Period) No significant events occurred after the reporting period as of the report date - No significant events after the reporting period[88](index=88&type=chunk) [Board of Directors and Acknowledgement](index=23&type=section&id=Board%20of%20Directors%20and%20Acknowledgement) Board of Directors' information reconfirmed, and Executive Director Mr. Lam Chi Ka, on behalf of the Board, expressed gratitude to shareholders, business partners, customers, management team, and employees - Board Members: **Mr. Lam Chi Ka** (Executive Director), **Ms. Pang Ching Yee**, **Mr. Tse Tung Leung**, **Mr. Wong Sze Lok** (Independent Non-executive Directors)[89](index=89&type=chunk) - Expressed gratitude to shareholders, business partners, customers, management team, and employees[90](index=90&type=chunk)

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之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就本公告全部或任 何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 China e-Wallet Payment Group Limited 中國錢包支付集團有限公司 * 執行董事： 林志嘉先生 （股份代號：802） 執行董事 林志嘉 香港，2025年8月18日 於本公告日期，董事會由下列董事組成： （於百慕達註冊成立的有限公司） 董事會會議召開日期 中國錢包支付集團有限公司（「本公司」）董事會（「董事會」，其成員簡稱「董事」） 謹此宣佈，本公司將於2025年8月28日（星期四）舉行董事會會議，藉以考慮及批准 本公司及其附屬公司截至2025年6月30日止六個月之中期業績以及考慮宣派中期股 息（如有）。 承董事會命 中國錢包支付集團有限公司 獨立非執行董事： 彭靜怡女士 謝東良先生 黄思樂先生 * 僅供識別 ...