CONTENTS 目錄 INTERIM REPORT 2025 中期報告 | Corporate Information | 2 | | --- | --- | | 公司資料 | | | Key Information for Shareholders | 5 | | 股東主要資料 | | | Condensed Consolidated Financial Statements | | | 簡明綜合財務報表 | | | Condensed Consolidated Statement of Profit or Loss | 6 | | 簡明綜合損益表 | | | Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | | | 8 | | | 簡明綜合損益表及其他全面收益表 | | | Condensed Consolidated Statement of Financial Position | 9 | | 簡明綜合財務狀況表 | | | Condensed Consolidated Statem ...

FF301 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 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) | 00822 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | HKD | | 0 | | 本月底結存 | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 500,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或 ...

嘉瑞国际(00822)公布2025年中期业绩，收入约6.46亿港元，同比增长5.2%;公司权益持有人应占亏损 3936.1万港元，同比收窄21.4%;基本每股亏损4.4港仙。 公告称，亏损收窄要归因于人员优化措施自2024年下半年开始奏效及毛利上升。 ...

執行董事 KA SHUI INTERNATIONAL HOLDINGS LIMITED 嘉瑞國際控股有限公司 ( 於開曼群島註冊成立的有限公司 ) (股份代號: 822) 董事名單與其角色及職能 由二零二五年八月二十九日起，嘉瑞國際控股有限公司（「本公司」）之董事會（「董事 會」）成員載列如下： 李遠發先生 （主席及行政總裁） 黃永銓先生 （副主席） 陳素華女士 陳善榮 工程師 獨立非執行董事 孫啟烈教授 BBS, JP 盧偉國博士 工程師， GBS, MH, JP 江啟銓先生 鄧觀瑤先生 | 董事會委員會 | | | | | 風險管理 | | --- | --- | --- | --- | --- | --- | | | | 審核委員會 | 提名委員會 | 薪酬委員會 | 委員會* | | 董事 | | | | | | | 李遠發先生 | | - | M | M | - | | 黃永銓先生 | | - | - | - | C | | 陳素華女士 | | - | M | - | M | | 陳善榮 工程師 | | - | - | - | - | | 孫啟烈教授 | BBS, JP | M | C | C | ...

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份內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 KA SHUI INTERNATIONAL HOLDINGS LIMITED 嘉瑞國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：822） 截至二零二五年六月三十日止六個月之 未經審核中期業績公告 | 財務摘要 | | | | | --- | --- | --- | --- | | | 截至六月三十日止六個月 | | | | | 二零二五年 | 二零二四年 | +/(-) | | | 千港元 | 千港元 | | | | （未經審核） | （未經審核） | | | 業績 | | | | | 收入 | 646,247 | 614,102 | 5.2% | | 毛利 | 89,149 | 84,721 | 5.2% | | 本公司權益持有人應佔虧損 | (39,361) | (50,097) | (21.4%) | | 未計利息、稅項、折舊及攤銷前盈利 | 18,875 | 7,229 | 1 ...

格隆汇8月19日丨嘉瑞国际(00822.HK)公告，公司将于2025年8月29日(星期五)举行董事会会议，藉以(其 中包括)批准公司及其附属公司截至2025年6月30日止6个月中期业绩及考虑派发中期股息(如有)。 ...

董事會召開日期 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚賴該等內容而 引致的任何損失承擔任何責任。 KA SHUI INTERNATIONAL HOLDINGS LIMITED 嘉瑞國際控股有限公司 ( 於開曼群島註冊成立的有限公司 ) (股份代號: 822) 嘉瑞國際控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於 二零二五年八月二十九日（星期五）舉行董事會會議，藉以（其中包括）批准本 公司及其附屬公司截至二零二五年六月三十日止六個月之中期業績及考慮派發 中期股息（如有）。 承董事會命 嘉瑞國際控股有限公司 主席及行政總裁 李遠發 香港，二零二五年八月十九日 於本公告日期，董事會成員包括四名執行董事，即李遠發先生、黃永銓先生、陳素華女士及陳善榮工 程師，及四名獨立非執行董事，即孫啟烈教授 BBS, JP 、盧偉國博士工程師， GBS, MH, JP 、江啟銓先生及鄧觀瑤先 生。 ...

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 FF301 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 嘉瑞國際控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00822 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | 本 ...

Financial Performance - Revenue for the year ended December 31, 2024, was HKD 1,481,802,000, representing a 15.5% increase from HKD 1,282,495,000 in 2023[3] - Gross profit decreased by 3.6% to HKD 229,866,000 from HKD 238,395,000[3] - Loss attributable to equity holders of the company increased by 115.6% to HKD 61,306,000 compared to HKD 28,435,000 in the previous year[3] - EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) was HKD 69,079,000, up 4.3% from HKD 66,250,000[3] - Basic loss per share was HKD 6.86, a 115.7% increase from HKD 3.18 in 2023[3] - Total comprehensive loss for the year was HKD 77,847,000, compared to HKD 20,716,000 in the previous year[6] - The reported total loss for the year ending December 31, 2024, was HKD (19,062,000), compared to a loss of HKD (11,789,000) in 2023, indicating a deterioration in performance[19] - The company reported a net loss for the year of HKD (67,074,000) in 2024, compared to a net loss of HKD (29,408,000) in 2023, indicating a significant increase in losses[19] Assets and Liabilities - Non-current assets totaled HKD 863,191,000, a decrease from HKD 883,316,000 in 2023[7] - Current assets increased to HKD 1,025,106,000 from HKD 837,175,000, driven by higher inventory and trade receivables[7] - Total liabilities increased to HKD 623,231,000 from HKD 398,871,000, primarily due to increased bank borrowings[8] - Trade receivables increased to HKD 490,529,000 from HKD 408,201,000 in 2023, reflecting a growth of approximately 20.1%[28] - The group's interest-bearing borrowings amounted to approximately HKD 203.9 million as of December 31, 2024, compared to HKD 64.5 million in 2023[42] - The group's net current assets were approximately HKD 401.9 million as of December 31, 2024, down from HKD 438.3 million in 2023, with a current ratio of approximately 1.6[44] Revenue Breakdown - Revenue from the plastic segment significantly increased to HKD 680,556,000 in 2024, up from HKD 579,277,000 in 2023, marking a growth of about 17.5%[19] - Major customer revenue from the plastic segment rose to HKD 469,177,000 in 2024, compared to HKD 337,902,000 in 2023, reflecting a growth of approximately 38.8%[22] - Revenue from the Chinese market (excluding Hong Kong) surged to HKD 744,297,000 in 2024, up from HKD 584,213,000 in 2023, representing a growth of about 27.4%[21] - Revenue from the magnesium alloy business increased significantly by approximately 34.1% to HKD 462,578,000, representing about 31.2% of total revenue[33] - Revenue from the aluminum alloy business grew by approximately 6.2% to HKD 242,569,000, contributing about 16.4% to total revenue[34] - Zinc alloy business revenue decreased by approximately 37.6% to HKD 48,917,000, down from HKD 78,355,000 in 2023[35] Operational Insights - The company is engaged in the production and sale of zinc, magnesium, aluminum alloys, and other products, with a focus on home goods and automotive components[9] - The group operates nine business segments, including zinc, magnesium, aluminum alloy, plastic products, automotive repair services, special vehicle sales, new energy vehicle power systems, and smart home products[16] - The automotive power system segment combines automotive repair services, special vehicle sales, and new energy vehicle power systems due to similar economic characteristics and shared customer types[16] - The group’s segments do not report or utilize segment assets and liabilities for major operating decisions[17] - The group aims to strengthen its sales and marketing teams over the next three years to capture a larger market share in the growing new energy vehicle sector[39] Financial Management and Governance - The group maintains a cautious approach to financial resource management, ensuring adequate cash levels and credit facilities to meet operational needs[42] - The board consists of three executive directors and four independent non-executive directors as of March 28, 2025[66] - The audit committee is composed of four independent non-executive directors, with a focus on reviewing financial reports and risk management[59] - The company established a Compensation Committee in June 2007 to review and recommend remuneration policies for directors and senior management[61] - A Risk Management Committee was formed in October 2020 to oversee risk management processes and internal controls, ensuring their effectiveness and suggesting improvements[62] Future Outlook and Investments - The company plans to continue R&D investments in magnesium-related new materials and aims to enhance the thermal conductivity of magnesium alloys, achieving a thermal conductivity coefficient of 140 W/(m • K)[37] - The company will conduct small to medium-scale production trials to verify and refine the performance of the new alloy while accelerating product launches to capture market share[37] - The group has successfully developed materials that meet FAA flammability requirements, which are now supplied to leading aircraft manufacturers in China, highlighting its ability to identify emerging market opportunities[40] - The group plans to invest resources in its manufacturing base in Wuhu, Anhui Province, to support the growing low-altitude economy, which has attracted nearly 200 aerospace supply chain companies[40] Compliance and Corporate Actions - The group has not made any retrospective adjustments regarding the adoption of the revised Hong Kong Accounting Standard No. 1, which classifies liabilities as current or non-current[12] - The adoption of the revised Hong Kong Financial Reporting Standards is expected to have no significant impact on the financial statements for the current or future periods[13] - The group has not early adopted any new or revised standards that may be relevant, with the current conclusion indicating minimal impact on the consolidated financial statements[13] - The company has maintained compliance with the corporate governance code, except for a temporary deviation regarding the roles of the chairman and CEO[56] - The company will suspend the transfer of shares from May 27, 2025, to May 30, 2025, to facilitate the upcoming annual general meeting[53] Employee and Dividend Information - As of December 31, 2024, the group had approximately 4,550 full-time employees, a decrease from 4,762 employees as of December 31, 2023[50] - The board of directors decided not to recommend the payment of a final dividend for the year ending December 31, 2024, consistent with the previous year[52]

Corporate Information [Core Corporate Information](index=2&type=section&id=Corporate%20Information) This section provides fundamental information about Kary International Holdings Limited, including board and committee members, registered office, principal place of business, auditor, and principal bankers, noting personnel changes during the reporting period - Changes in the company's board and committee members include the retirement of Independent Non-executive Director Mr. Luk Tung on May 31, 2024, and the appointment of Mr. Tang Koon Yiu on the same day, along with the appointment of Chief Financial Officer Mr. Yu Wai Chun on January 3, 2024[4](index=4&type=chunk) - The company's principal bankers include The Hongkong and Shanghai Banking Limited, Standard Chartered Bank (Hong Kong) Limited, and Bank of China (Hong Kong) Limited, with RSM Hong Kong as the auditor[6](index=6&type=chunk) Key Information for Shareholders [Key Information for Shareholders](index=5&type=section&id=Key%20Information%20for%20Shareholders) This section provides core transaction information for shareholders, including the announcement date of the 2024 interim results, stock code, board lot size, and investor relations contact details Key Shareholder Information | Item | Content | | :--- | :--- | | 2024 Interim Results Announcement Date | August 26, 2024 | | Stock Code | 822 | | Board Lot Size | 2,000 shares | Condensed Consolidated Financial Statements [Condensed Consolidated Statement of Profit or Loss](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) For the six months ended June 30, 2024, the Group's revenue increased by **15.5%** year-on-year to **HKD 614 million**, but gross profit decreased by **17.9%** to **HKD 84.72 million** due to a significant rise in cost of sales, with operating loss expanding to **HKD 44.07 million** and loss for the period expanding to **HKD 53.10 million**, while loss attributable to owners of the company was **HKD 50.10 million**, and basic loss per share was **HKD 5.61 cents** Key Profit or Loss Indicators for H1 2024 (HKD thousands) | Indicator | H1 2024 | H1 2023 | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 614,102 | 531,611 | +15.5% | | Gross Profit | 84,721 | 103,136 | -17.9% | | Operating Loss | (44,066) | (21,346) | +106.4% | | Loss for the Period | (53,095) | (22,762) | +133.3% | | Loss Attributable to Owners of the Company | (50,097) | (21,703) | +130.8% | - Basic loss per share expanded from **HKD 2.43 cents** in the prior period to **HKD 5.61 cents**[11](index=11&type=chunk) [Condensed Consolidated Statement of Financial Position](index=9&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2024, the Group's total assets were **HKD 1.797 billion**, a slight increase from the end of 2023, while net current assets decreased to **HKD 374 million**, primarily due to a significant increase in bank borrowings within current liabilities, and total equity decreased to **HKD 1.190 billion** Key Financial Position Indicators (HKD thousands) | Indicator | June 30, 2024 | December 31, 2023 | Change | | :--- | :--- | :--- | :--- | | Non-current Assets | 877,026 | 883,316 | -0.7% | | Current Assets | 919,968 | 837,175 | +9.9% | | **Total Assets** | **1,796,994** | **1,720,491** | **+4.4%** | | Current Liabilities | 545,850 | 398,871 | +36.9% | | Non-current Liabilities | 60,774 | 67,023 | -9.3% | | **Total Liabilities** | **606,624** | **465,894** | **+30.2%** | | **Total Equity** | **1,190,370** | **1,254,597** | **-5.1%** | - Bank borrowings within current liabilities significantly increased from **HKD 63.33 million** to **HKD 199 million**, which is the primary reason for the rise in total current liabilities[13](index=13&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=12&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) In the first half of 2024, cash flow from operating activities turned negative, with a net outflow of **HKD 15.65 million**, compared to a net inflow of **HKD 106 million** in the prior period, while cash flow from financing activities turned into a net inflow of **HKD 129 million**, mainly from new bank loans, and the cash and cash equivalents balance at period-end was **HKD 251 million** Key Cash Flow Indicators (HKD thousands) | Indicator | H1 2024 | H1 2023 | Change | | :--- | :--- | :--- | :--- | | Net Cash from Operating Activities | (15,654) | 106,258 | Turned from positive to negative | | Net Cash Used in Investing Activities | (55,865) | (48,565) | Increased expenditure | | Net Cash from/(Used in) Financing Activities | 129,168 | (38,382) | Turned from negative to positive | | Cash and Cash Equivalents at End of Period | 251,147 | 259,694 | -3.3% | [Notes to the Condensed Consolidated Financial Statements](index=14&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) The notes to the financial statements detail key information such as the company's accounting policies, business segment performance, revenue composition, related party transactions, and share capital structure, highlighting that plastic and magnesium alloy businesses were the main drivers of revenue growth, though the plastic business incurred losses due to higher initial costs at the Mexico plant, and also disclosing no interim dividend was declared for the period - The Group primarily engages in the manufacturing and sale of zinc, magnesium, and aluminum alloy and plastic products, also involved in automotive components, smart home, and other sectors[19](index=19&type=chunk) - The Board resolved not to declare an interim dividend for the six months ended June 30, 2024[64](index=64&type=chunk)[65](index=65&type=chunk) - In April 2024, the Group acquired the remaining equity interest in Huizhou Gongxiang Intelligent Casting Industry Light Alloy Innovation Center Co., Ltd., an associate, making it a wholly-owned subsidiary[81](index=81&type=chunk)[82](index=82&type=chunk) [5. Segment Information](index=31&type=section&id=5.%20Segment%20Information) By business segment, plastic and magnesium alloy businesses saw significant revenue growth, while aluminum and zinc alloy revenues declined, with the plastic business, despite the fastest revenue growth, recording a segment loss of **HKD 26.56 million** primarily due to initial costs at the new Mexico plant, while the magnesium alloy business achieved profitability Revenue by Business Segment (HKD thousands) | Business Segment | H1 2024 Revenue | H1 2023 Revenue | YoY Change | | :--- | :--- | :--- | :--- | | Zinc Alloy | 30,188 | 36,007 | -16.2% | | Magnesium Alloy | 199,916 | 159,106 | +25.6% | | Aluminum Alloy | 96,666 | 117,548 | -17.8% | | Plastic | 268,981 | 190,213 | +41.4% | | Automotive Powertrain Systems | 15,198 | 21,794 | -30.3% | | Lighting Products | 2,983 | 6,597 | -54.8% | [6. Revenue](index=35&type=section&id=6.%20Revenue) From a product type perspective, die-casting products and plastic products are the Group's primary revenue sources, contributing **HKD 307 million** and **HKD 235 million** respectively, with most revenue (**HKD 543 million**) recognized at a point in time Revenue by Product Type (HKD thousands) | Product Type | H1 2024 | H1 2023 | YoY Change | | :--- | :--- | :--- | :--- | | Die-casting Products | 306,633 | 300,682 | +2.0% | | Plastic Products | 234,670 | 168,471 | +39.3% | | Molds | 31,898 | 32,353 | -1.4% | | Others | 40,901 | 30,105 | +35.9% | Management Discussion and Analysis [(A) FINANCIAL REVIEW](index=53&type=section&id=%28A%29%20FINANCIAL%20REVIEW) In the first half of 2024, the Group's revenue increased by **15.5%** to **HKD 614 million** year-on-year, driven by brand customers' inventory replenishment and anticipated interest rate cuts, however, gross profit margin decreased from **19.4%** to **13.8%**, and gross profit fell by **17.9%**, due to a low-margin sales strategy, product mix changes, and higher initial costs at the Mexico plant, ultimately expanding net loss attributable to owners of the company to **HKD 50.10 million** - Revenue growth is primarily attributed to channel inventory replenishment and increased new customer orders, with strong performance particularly in the plastic and magnesium alloy businesses[99](index=99&type=chunk) - The main reasons for the decline in gross profit include: 1) a low-margin sales pricing strategy; 2) changes in product mix; and 3) the Mexico plant still being in its initial stage with higher production costs[99](index=99&type=chunk) [(B) BUSINESS REVIEW](index=54&type=section&id=%28B%29%20BUSINESS%20REVIEW) Business segment performance varied, with the plastic business seeing a **41.4%** revenue increase due to its "China + Mexico" strategy but incurring temporary losses from high initial costs in Mexico, while the magnesium alloy business grew **25.6%** benefiting from AI cooling demand, whereas aluminum and zinc alloy businesses declined by **17.8%** and **16.2%** respectively due to product substitution and decreased demand for home goods - Plastic Business: Revenue increased by **41.4%** to **HKD 269 million**, benefiting from the "China + Mexico" dual-location manufacturing strategy, but the Mexico plant's initial high costs led to a segment loss[102](index=102&type=chunk)[104](index=104&type=chunk) - Magnesium Alloy Business: Revenue increased by **25.6%** to **HKD 200 million**, primarily driven by the growing demand for high thermal conductivity magnesium alloy heat dissipation materials due to AI popularization[103](index=103&type=chunk)[105](index=105&type=chunk) - Aluminum Alloy Business: Revenue decreased by **17.8%** to **HKD 96.67 million**, affected by the substitution effect of increased magnesium alloy application in new energy vehicles[106](index=106&type=chunk)[110](index=110&type=chunk) - Zinc Alloy Business: Revenue decreased by **16.2%** to **HKD 30.19 million**, due to a significant reduction in demand from the home goods market[107](index=107&type=chunk)[111](index=111&type=chunk) [(C) PROSPECTS](index=56&type=section&id=%28C%29%20PROSPECTS) The Group maintains a cautiously optimistic outlook for the second half of 2024, anticipating a rebound in consumer electronics demand during the holiday season, and will continue to advance its "Four New" strategies: expanding into new businesses like "low-altitude economy," developing new materials such as flame-retardant and ultra-high thermal conductivity magnesium alloys, optimizing the "China + Mexico" layout to explore new markets, and seeking new opportunities in 3D printing and the hydrogen economy - New Businesses: Secured orders from a leading domestic aircraft manufacturer, entering the "low-altitude economy" supply chain, and collaborating with industry leaders to develop lightweight magnesium alloy electronic control and drive products[115](index=115&type=chunk)[118](index=118&type=chunk) - New Materials: Successfully developed magnesium alloy materials meeting US FAA flame retardant standards for aircraft components, while the thermal conductivity of new-generation ultra-high thermal conductivity magnesium alloys has increased from **110W/(m·K)** to **140W/(m·K)** to meet AI computing heat dissipation demands[122](index=122&type=chunk)[125](index=125&type=chunk) - New Markets: Utilizing the "China + Mexico" dual-base layout to serve global customers, reduce geopolitical risks and logistics costs, and committed to optimizing the long-term profitability of the Mexico plant[128](index=128&type=chunk)[130](index=130&type=chunk) - New Opportunities: Actively seeking opportunities in Southeast Asia and the Middle East, and exploring emerging fields such as 3D custom printing, smart electronics, and the hydrogen economy[129](index=129&type=chunk)[131](index=131&type=chunk) [Liquidity and Financial Resources](index=62&type=section&id=Liquidity%20and%20Financial%20Resources) The Group adopts a prudent financial management policy, holding bank and cash balances of approximately **HKD 253 million** as of June 30, 2024, with total interest-bearing borrowings of approximately **HKD 201 million**, and a current ratio of **1.7**, down from **2.1** at the end of last year, while the net gearing ratio is not applicable as cash and deposits exceed total borrowings Liquidity and Capital Structure (HKD thousands) | Indicator | June 30, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Bank and Cash Balances | 252,985 | 196,319 | | Total Interest-bearing Borrowings | 201,180 | 64,518 | | Net Cash | 51,805 | 131,801 | | Net Current Assets | 374,118 | 438,304 | | Current Ratio | 1.7 | 2.1 | [(I) HUMAN RESOURCES](index=65&type=section&id=%28I%29%20HUMAN%20RESOURCES) As of June 30, 2024, the Group had approximately **4,430** full-time employees, a decrease from **4,762** at the end of 2023, viewing employees as core assets and providing competitive compensation, benefits, and training opportunities, along with a share option scheme to incentivize staff - As of June 30, 2024, the Group had approximately **4,430** full-time employees[141](index=141&type=chunk) Other Information [Directors' and Chief Executives' Interests](index=65&type=section&id=Directors%27%20and%20Chief%20Executives%27%20Interests) This section discloses the interests of the company's directors and chief executives in the shares, underlying shares, and debentures of the company and its associated corporations as of June 30, 2024, with Chairman Mr. Lee Yuen Fat holding approximately **63.55%** of the company's interests through controlled companies and a discretionary trust, and some executive directors also holding share options - Chairman Mr. Lee Yuen Fat holds **440 million shares** (**49.23%**) through his wholly-owned company Precisefull Limited and is deemed to have an interest in an additional **128 million shares** (**14.32%**) as the founder of the YF Lee Family Trust[146](index=146&type=chunk)[147](index=147&type=chunk) - Executive Directors Mr. Lee Yuen Fat, Mr. Wong Wing Chuen, and Ms. Chan So Wah each hold **2,000,000** share options[148](index=148&type=chunk) [Share Option Scheme](index=70&type=section&id=Share%20Option%20Scheme) The company adopted a share option scheme in 2017, with **40,210,000** share options granted in 2022 remaining unexercised as of June 30, 2024, at an exercise price of **HKD 0.39** and a weighted average remaining contractual life of **3.34 years**, with these options vesting in two tranches on October 31, 2023, and October 31, 2024 Details of Unexercised Share Options | Grant Date | Exercise Price (HKD) | Number Unexercised (June 30, 2024) | Number Exercisable (June 30, 2024) | | :--- | :--- | :--- | :--- | | October 31, 2022 | 0.39 | 40,210,000 | 20,105,000 | - All share options granted on October 31, 2022, vested in two tranches: **50%** on October 31, 2023, and the remaining **50%** on October 31, 2024[167](index=167&type=chunk) [Corporate Governance](index=76&type=section&id=Corporate%20Governance) The company has established an Audit Committee, Nomination Committee, Remuneration Committee, and Risk Management Committee to ensure a high level of corporate governance, with committee memberships adjusted during the reporting period due to director changes, and the company has adopted and all directors have confirmed compliance with the standard code for directors' securities transactions - The memberships of the Audit Committee, Nomination Committee, and Remuneration Committee all changed on May 31, 2024, due to the retirement of Mr. Luk Tung and the appointment of Mr. Tang Koon Yiu[173](index=173&type=chunk)[176](index=176&type=chunk)[179](index=179&type=chunk) - The Risk Management Committee is chaired by Chief Executive Officer Mr. Chu Wai Man, with Chief Financial Officer Mr. Yu Wai Chun added as a new member on August 26, 2024[182](index=182&type=chunk) - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the current period[187](index=187&type=chunk)