Financial Performance - The group's revenue for the year ended December 31, 2025, was approximately HKD 28,400,000, an increase of about 11% from HKD 25,500,000 in 2024[4] - Significant increase in underwriting and placement service income, contributing approximately HKD 12,300,000, compared to HKD 6,900,000 in 2024[4] - Securities brokerage service commission income doubled to approximately HKD 1,000,000 from HKD 500,000 in 2024[4] - Net loss for the year ended December 31, 2025, was HKD 17,300,000, a reduction of approximately 45% from a net loss of HKD 31,700,000 in 2024[4] - Basic loss per share for the year ended December 31, 2025, was HKD 0.4318, compared to HKD 1.0616 in 2024 (restated)[5] - The group reported revenue from customer contracts of HKD 13,391,000 for 2025, a significant increase of 72% compared to HKD 7,751,000 in 2024[21] - The group incurred a pre-tax loss of HKD 11,531,000 for 2025, an improvement from a loss of HKD 31,289,000 in 2024[26] - The basic loss per share for 2025 was HKD 0.43, compared to HKD 1.06 in 2024, indicating a reduction in loss per share[28] - The net loss for the year ended December 31, 2025, was HKD 17.3 million, a decrease of approximately 45% compared to the net loss of HKD 31.7 million in 2024[76] Assets and Liabilities - Total assets as of December 31, 2025, amounted to HKD 182,471,000, an increase from HKD 135,471,000 in 2024[6] - Total liabilities decreased to HKD 13,207,000 in 2025 from HKD 16,500,000 in 2024[7] - The company's equity increased to HKD 195,655,000 in 2025 from HKD 138,372,000 in 2024[7] - Trade receivables from margin clients increased to HKD 102,217,000 in 2025 from HKD 76,755,000 in 2024, representing a growth of 33.2%[31] - Total trade receivables decreased to HKD 88,217,000 in 2025 from HKD 55,134,000 in 2024, reflecting a reduction of 60.1%[31] - The provision for losses on trade receivables decreased to HKD 14,261,000 in 2025 from HKD 26,378,000 in 2024, a decline of 46.1%[34] - The total loans receivable decreased to HKD 48,657,000 in 2025 from HKD 74,416,000 in 2024, a decline of 34.7%[36] - The provision for losses on loans receivable was HKD 7,007,000 in 2025, down from HKD 26,667,000 in 2024, a reduction of 73.7%[36] Revenue Sources - The income from placement and underwriting services increased to HKD 4,369,000 in 2025, compared to HKD 1,258,000 in 2024, marking a growth of 348%[21] - The total trading volume for the company's securities brokerage services in 2025 was HKD 870,300,000, a 129% increase from HKD 379,300,000 in 2024[44] - The commission income from securities brokerage services for 2025 was approximately HKD 1,000,000, doubling from HKD 500,000 in 2024[44] - The interest income from securities margin financing decreased by approximately 32% to HKD 8,100,000 in 2025, down from HKD 11,900,000 in 2024[45] - The interest income from lending services increased by approximately 17% to HKD 6,900,000 in 2025, compared to HKD 5,900,000 in 2024[45] Share and Capital Management - The total issued and paid-up shares as of December 31, 2025, were 60,910,013, with a par value of HKD 0.400[40] - The company completed a share consolidation resulting in a reduction of shares from 25 billion to 1.25 billion, maintaining the same capital amount of HKD 500,000[40] - The company issued a total of 36,546,008 shares at a subscription price of HKD 1.66 per share, raising approximately HKD 60,500,000 net of direct transaction costs[41] - The company raised approximately HKD 59.3 million through a rights issue at HKD 1.66 per share[70] - The total amount raised from the placement was approximately HKD 14.29 million, with a net amount of approximately HKD 13.86 million[67] Operational Expenses - Other operating expenses increased to HKD 19,400,000 in 2025 from HKD 11,700,000 in 2024[4] - Employee benefits expenses rose by approximately 25% to about HKD 8.6 million in 2025, up from approximately HKD 6.9 million in 2024[72] - The total operating expenses for the year increased to approximately HKD 19.4 million in 2025 from HKD 11.8 million in 2024[76] Client and Market Insights - Major clients contributing 10% or more to the group's revenue included Client I with HKD 2,723,000 in 2025, up from HKD 2,595,000 in 2024[20] - The company’s five largest clients accounted for approximately 35% of total revenue in 2025, down from 47% in 2024, with the largest client contributing about 10% of total revenue[61] - The company is optimistic about the performance of the Hong Kong and Chinese stock markets in 2026, despite ongoing geopolitical tensions and economic challenges[87] - The company anticipates that the favorable economic conditions in Hong Kong and China will boost investor confidence and market participation, positively impacting its revenue from securities and bond placements[59] Governance and Compliance - The audit committee, composed of three independent non-executive directors, has reviewed the company's financial reporting procedures and confirmed compliance with applicable accounting principles and regulations[97] - The company will continue to review its corporate governance practices to meet increasing regulatory demands and stakeholder expectations[90] - The company maintains a public float of at least 25% of its issued shares, in compliance with listing rules[89] Future Plans and Strategic Initiatives - The company plans to use the net proceeds from the share placements for general working capital[41] - The company plans to raise approximately HKD 60,700,000 through a rights issue, with net proceeds expected to be around HKD 59,300,000, allocated for various investments including virtual asset trading license applications and margin financing services[62][63] - The company aims to enhance its market positioning and maintain a robust financial status while diversifying its service offerings[88] - The company plans to explore opportunities in the virtual assets and distressed assets sectors, including potential acquisitions of companies engaged in these businesses, to drive strategic growth[88] Employee and Workforce Management - The group employed 25 employees as of December 31, 2025, down from 27 employees in 2024, with 5 new hires and 9 departures during the year[86]

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，並明確表示概不就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之任何損失承擔任何責任。 Pinestone Capital Limited 鼎石資本有限公司 本公司董事會（「董事會」）謹此知會本公司股東及潛在投資者，根據對本集團最近期未經 審核綜合管理賬目及目前可得資料作出的初步評估，本公司受到與證券抵押借貸服務有 關的貿易應收款項及應收貸款減值虧損、其他營運費用增加和對先前確認遞延稅項的重 新評估帶來的不利影響。與截至2024年12月31日止年度的淨虧損31,666,000港元相比，本 公司預期於截至2025年12月31日止年度將錄得約16,000.000港元至20,000,000港元的淨虧損。 本公告所載資料乃根據對本集團未經審核綜合管理賬目及目前可得資料作出的初步評估。 本集團截至2025年12月31日止年度的全年業績仍正由本公司審核委員會審閱，其可能與 本公告披露者有所不同。本集團財務表現之進一步詳情將於本公司截至2025年12月31日 止年度之全年業績公告中披露，預期將於2026年 ...

董事名單與其角色及職能 鼎石資本有限公司（「本公司」）之董事會（「董事會」）成員載列如下。 執行董事 Pinestone Capital Limited 鼎石資本有限公司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：804） 劉基力先生 黃俊鵬先生 鄭文彬先生 姜天萃女士 董事會已設立三個董事委員會。下表提供各董事會成員於該等委員會中所擔任職位之資料。 | 董事 | 董事委員會 | 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | --- | | 李鎮彤先生 | | – | – | – | | 王涵先生 | | – | – | – | | 張嘉兒女士 | | – | – | M | | 劉鎮雄先生 | | – | – | – | | 盧維興先生 | | – | – | – | | 盧林先生 | | – | – | – | | 劉基力先生 | | M | M | C | | 黃俊鵬先生 | | M | M | M | | 鄭文彬先生 | | C | C | M | | 姜天萃女士 | | – | – | – | C 相關董事委員會 ...

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，並明確表示概不就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之任何損失承擔任何責任。 Pinestone Capital Limited 鼎石資本有限公司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：804） 提名委員會成員變動公告 (i) 執行董事張嘉兒女仕獲委任為提名委員會成員。 經上述變動後，提名委員會由三名獨立非執行董事（即劉基力先生、黃俊鵬先生及鄭文彬 先生）及一名執行董事（即張嘉兒女仕）組成。 上述變動乃因應香港聯合交易所有限公司證券上市規則（「上市規則」）及上市規則附錄C1 所載企業管治守則之修訂而作出，該等修訂已於2025年7月1日生效。董事會相信實施此等 變動可加強董事會的效能及多元化，並進一步提升本公司的良好企業管治常規。 董事會謹藉此機會，熱烈歡迎張嘉兒女仕出任提名委員會新職。 承董事會命 鼎石資本有限公司 執行董事 李鎮彤 香港，2026年3月6日 於本公告日期，董事會執行董事為李鎮彤先生、王涵先生及張嘉兒女士，非執行董事為 劉鎮雄先 ...

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 | | | 致：香港交易及結算所有限公司 公司名稱: 鼎石資本有限公司 呈交日期: 2026年3月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00804 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,250,000,000 | HKD | | 0.4 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,250,000,000 | HKD | | 0.4 | HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 500,000,000 第 ...

茲通告鼎石資本有限公司（「本公司」）董事（「董事」）會（「董事會」）謹定於2026年3月27日（星 期五）於香港中環干諾道中88號南豐大廈16樓1608室舉行董事會會議，藉以處理下列事項： 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，並明確表示概不就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之任何損失承擔任何責任。 Pinestone Capital Limited 鼎石資本有限公司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：804） 董事會會議通告 1. 考慮及批准本公司及其附屬公司截至2025年12月31日止十二個月之經審核末期業績（「全 年度業績」）； 2. 批准公佈將刊發之全年度業績； 3. 考慮派發末期股息（如有）； 4. 考慮及批准暫停辦理本公司股份過戶登記手續（如有需要）；及 5. 處理任何其他事務（如有）。 承董事會命 鼎石資本有限公司 執行董事 李鎮彤 香港，2026年3月2日 於本公告日期，董事會執行董事為李鎮彤先生、王涵先生及張嘉兒女士，非執行董事為 劉鎮雄先生、盧維興先生及 ...

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 | | 2026年1月31日 | | --- | --- | | 狀態: | | | 新提交 | | | | 截至月份: | 致：香港交易及結算所有限公司 公司名稱: 鼎石資本有限公司 呈交日期: 2026年2月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00804 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,250,000,000 | HKD | | 0.4 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,250,000,000 | HKD | | 0. ...

Core Viewpoint - Peng Bo Shi (鹏博士) has faced legal challenges due to violations related to financial disclosures and has been involved in investor compensation cases following these violations [2][5]. Group 1: Legal Violations - Peng Bo Shi failed to disclose related party transactions as required by regulations [2][5]. - The company also did not disclose significant contracts, leading to further scrutiny from regulatory authorities [2][5]. - Between 2012 and 2022, Peng Bo Shi's annual reports contained false records, including a profit inflation of 42,456,137.95 yuan in 2012, which constituted 17.43% of that year's total profit [3][5]. Group 2: Financial Misstatements - From 2012 to 2015, Peng Bo Shi inflated its assets in annual reports, with a notable asset and profit inflation of 162,000,000 yuan in 2016, representing 17.48% of that year's total profit [3][5]. - The company reported a reduction in net assets of 196,000,000 yuan annually from 2020 to 2022, which accounted for 21.77%, 14.27%, and 18.51% of the net assets at the end of 2020, 2021, and 2022, respectively [3][5]. Group 3: Investor Compensation - Some investors have successfully won compensation through legal proceedings, and the legal team continues to accept claims from other investors [4][5]. - Investors who purchased shares between April 12, 2013, and July 18, 2023, and sold or held them after July 18, 2023, are eligible to initiate claims for compensation [3][5].

Core Viewpoint - The article discusses the ongoing legal issues faced by Peng Bo Shi (stock code: 600804) due to false statements and undisclosed transactions, leading to investor claims and regulatory penalties [1][4]. Group 1: Legal Proceedings - A batch of mediation documents has been received for investor claims against Peng Bo Shi, with further cases being filed in court [1][3]. - The law firm representing the investors has applied for enforcement of court decisions, as Peng Bo Shi has not complied with previous mediation agreements [1][3]. - Investors have won a certain percentage of their claims in a recent court ruling, and the legal team continues to accept new claims from other investors [3] Group 2: Regulatory Findings - On August 16, 2024, Peng Bo Shi received an administrative penalty from the China Securities Regulatory Commission (CSRC) for failing to disclose related party transactions and significant contracts [4]. - The company’s annual reports from 2012 to 2022 contained false records, including a profit inflation of 42,456,137.95 yuan in 2012, which accounted for 17.43% of that year's total profit [4]. - From 2012 to 2015, Peng Bo Shi inflated its assets in annual reports, with a reported asset and profit inflation of 162 million yuan in 2016, representing 17.48% of that year's total profit [4]. - The company reported a reduction in net assets of 196 million yuan annually from 2020 to 2022, which constituted 21.77%, 14.27%, and 18.51% of the net assets at the end of each respective year [4]. Group 3: Investor Claims - Investors who purchased shares between April 12, 2013, and July 18, 2023, and sold or held them after July 18, 2023, are eligible to initiate claims [2][4].

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，概不就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之任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購任何證券的邀請或要約。 Pinestone Capital Limited 鼎石資本有限公司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：804） 自願性公告 有關實施補救措施之最新進展 本公告乃由鼎石資本有限公司（「本公司」）自願作出。 茲提述本公司日期為2025年10月6日之補充及澄清公告（「該公告」），內容涉及（其中包括）(i) 獨立調查的主要結果；及(ii)董事會建議及同意的補救行動。除文義另有所指外，本公告 所用詞彙與該公告所界定者具有相同涵義。 誠如該公告所披露，董事會同意建議的補救措施，並已指示高級管理層按照原訂的實施 時間表實施所有措施。本公司謹此向股東及潛在投資者提供實施該等補救措施的最新進展。 以下為該公告所披露之補救措施之最新進展。 — 1 — 日期為2025年10月6日之該公告所述將採取 之補救行動 加強內部 ...