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。 澄清公告 本公告乃由新世界百貨中國有限公司（「本公司」，連同其附屬公司，統稱「本集團」）依據 香港聯合交易所有限公司證券上市規則（「上市規則」）第 13.10(1)條作出。 本公司獲悉部份媒體報導揣測本公司控股股東 New World Development Company Limited （新世界發展有限公司）（「新世界發展」）及黑石集團可能對新世界發展提出私有化要約。 本公司謹此澄清，尚未有任何人士（包括新世界發展控股股東及黑石集團）就收購新世界 發展股份的要約與新世界發展接觸。 於本公告日期，新世界發展持有本集團約 75%的股份。 本公司將根據上市規則、證券及期貨條例（第 571 章）及/或其他適用法律法規的披露要求， 適時另行刊發進一步公告。 兹建議股東及潛在投資者不要依賴有關本集團的市場傳言。有關本集團的任何資訊僅應以 本公司的官方公告為準。股東及潛在投資者於買賣本公司證券時務請審慎行事。 承 ...

据新华社北京8月6日电 韩国网络社区5日出现"新世界百货内有爆炸物"的帖文，致约4000人被疏散。警 方封锁现场，排查近3个小时，未发现爆炸物。 发帖者声称，自己在韩国首都首尔的新世界百货商场内放置了爆炸物，定于5日下午引爆。该消息发布 约一小时后，警方接到炸弹威胁报告。 警方和消防部门协同搜查，没有发现爆炸物。警方表示，将追查帖文发布者。 该商场5日晚些时候恢复正常营业。新世界百货为韩国百货巨头之一，位于繁华商圈，客流量大。（林 芮竹） 编辑 辛婧 来源：新华社 新世界百货方面说，将对散布虚假消息、制造社会恐慌、危及顾客安全的相关人员采取追责措施。 ...

Dear Non-Registered Holder(1) , 1 August 2025 Arrangement of Electronic Dissemination of Corporate Communications Pursuant to Rule 2.07A of the Rules Governing the Listing of Securities (the "Listing Rules") on The Stock Exchange of Hong Kong Limited (the "Stock Exchange"), New World Department Store China Limited (the "Company") has adopted new arrangement to disseminate corporate communications ("Corporate Communications" (2)) electronically. No printed copies of Corporate Communications will be mailed to ...

登記股東之名稱及地址 根據香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第 2.07A 條以及新世界百貨中國 有限公司（「本公司」）的組織章程細則，本公司將以電子通訊方式向其股東 2 發佈本公司日後的公司通訊 （「公司通訊」1 ），並僅應股東要求向其寄發印刷本形式的公司通訊。 2025 年 8 月 1 日 安排 1. 可供採取行動的公司通訊 3 本公司將以電子通訊方式（通過電子郵件）向股東個別地發送可供採取行動的公司通訊。如果本公司沒有 獲取股東的電子郵箱地址或其提供的電子郵箱地址無效 4 ，本公司將以印刷本形式向其發送可供採取行動的 公司通訊，連同一份索取股東有效電子郵箱地址的表格，以便將來以電子通訊方式發送可供採取行動的公 司通訊。 2. 公司通訊 New World Department Store China Limited 新世界百貨中國有限公司 ( 於開曼群島註冊成立的有限公司 ) (股份代號: 825) 尊敬的登記股東： 發佈公司通訊之新安排 簡介 4. 索取公司通訊及可供採取行動的公司通訊的印刷本 對於希望收取所有日後公司通訊及可供採取行動的公司通訊的印刷本，或因任何原因難以 ...

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: 新世界百貨中國有限公司 呈交日期: 2025年8月1日 本月底法定/註冊股本總額： HKD 1,000,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 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) | 00825 | 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 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本 ...

Summary of LME Non-Ferrous Metal Inventory Report Core Insights - The London Metal Exchange (LME) reported changes in non-ferrous metal inventories, indicating fluctuations in supply levels across various metals [1] Inventory Changes - Copper inventory increased by 3,550 tons, totaling 141,750 tons [1] - Aluminum inventory rose by 1,775 tons, reaching 462,800 tons [1] - Nickel inventory saw an increase of 390 tons, amounting to 209,082 tons [1] - Zinc inventory decreased by 3,975 tons, now at 100,825 tons [1] - Lead inventory declined by 1,175 tons, totaling 275,325 tons [1] - Tin inventory experienced a slight increase of 5 tons, reaching 1,950 tons [1]

Financial Performance - The company's revenue for the six months ended December 31, 2024, was HKD 612,703,000, a decrease of 11.8% compared to HKD 694,900,000 for the same period in 2023[10]. - Commission income from counters was HKD 178,649,000, down 21.8% from HKD 228,255,000 in the previous year[13]. - Self-operated sales revenue was HKD 131,162,000, a decline of 20.4% from HKD 164,835,000 in the same period last year[13]. - The net profit for the period was HKD 3,108,000, compared to HKD 1,657,000 in the previous year, indicating a significant increase[13]. - The group's profit for the period was HKD 3.1 million, compared to HKD 1.7 million in the previous year, with earnings per share increasing to HKD 0.002 from HKD 0.001[23]. - The operating profit for the group was HKD 114,563,000, compared to HKD 121,292,000 in the previous year, representing a decrease of 5.7%[124]. - The group reported a net loss of HKD 46.2 million in fair value changes of investment properties for the first half of the 2025 fiscal year, primarily due to decreases in properties in Shanghai and Wuhan[59]. - The company reported a total comprehensive income of HKD 24,452,000 for the six months ended December 31, 2024, compared to HKD 68,064,000 for the same period in 2023, a significant decline of approximately 64.0%[91]. Revenue Breakdown - Rental income increased slightly to HKD 295,893,000 from HKD 293,381,000, reflecting a growth of 0.5%[13]. - Rental income accounted for 48.3% of total revenue, while sales commission from counters contributed 29.2%, and self-operated merchandise sales made up 21.4%[23][26]. - Department store sales revenue was HKD 1,272,022,000, down 19.2% from HKD 1,574,327,000 year-on-year[120]. - Customer contract revenue decreased to HKD 309,811,000 from HKD 393,090,000, reflecting a decline of 21.2%[120]. - Total sales proceeds for the first half of the 2025 fiscal year amounted to HKD 1,877.2 million, down from HKD 2,228.2 million in the first half of the 2024 fiscal year[54]. Assets and Liabilities - The total assets as of December 31, 2024, were HKD 9,876,029,000, down from HKD 10,205,513,000 at the end of June 2024[13]. - Total liabilities decreased from HKD 6,825,391,000 as of June 30, 2024, to HKD 6,471,455,000 as of December 31, 2024, representing a reduction of approximately 5.2%[88]. - Current liabilities amounted to HKD 3,662,390,000 as of December 31, 2024, compared to HKD 3,777,306,000 as of June 30, 2024, indicating a decrease of about 3.0%[88]. - The company's borrowings decreased from HKD 1,469,297,000 as of June 30, 2024, to HKD 1,417,976,000 as of December 31, 2024, a reduction of about 3.5%[88]. - The total amount of borrowings as of December 31, 2024, is HKD 1,417,976, with a total cash flow of HKD 1,494,387 due within one year[112]. Membership and Customer Engagement - The total number of members reached 7.87 million, representing a year-on-year growth of 4.7%[29]. - The company successfully registered over 8,000 new members during the "V Friends Festival" event, focusing on member benefits and engagement[39]. - The company reported a significant increase in member activity, with over 15,000 new members registered through innovative marketing strategies[40]. - The company is focusing on improving member service quality and diversifying member benefits to drive consumption growth[39]. Marketing and Retail Strategy - The company plans to enhance its retail experience by integrating various lifestyle brands and creating immersive consumption spaces[18]. - The group is focusing on enhancing the shopping experience by introducing flagship stores and diverse product categories, including sports, dining, and lifestyle offerings[28][34]. - The group has initiated a comprehensive marketing strategy, actively developing online platforms and collaborating with local lifestyle platforms to integrate online and offline traffic[30]. - The company introduced various entertainment and dining options in its stores, enhancing consumer engagement and attracting younger customers[35]. - The group aims to strengthen its market competitiveness by focusing on consumer-centric strategies and enhancing retail capabilities[23]. Financial Management - The net debt ratio increased slightly to 18.1% from 17.6% in the previous period, indicating a stable financial position[13]. - Net financial costs decreased from HKD 111.4 million in the first half of FY2024 to HKD 89.1 million in the first half of FY2025, primarily due to reduced interest expenses on lease liabilities from rent reductions[67]. - Employee benefits expenses decreased from HKD 160.5 million in the first half of FY2024 to HKD 151.6 million in the first half of FY2025, primarily due to ongoing cost control measures by management[62]. - The group maintains a strong liquidity position with sufficient cash and bank financing to manage its financial obligations[111]. Operational Changes - The company is actively expanding its IP ecosystem by integrating various cultural and culinary experiences in its stores[36]. - The company is focusing on a diversified membership strategy to maintain consumer engagement and drive sales through targeted marketing campaigns[19]. - The company is leveraging its marketing capabilities to enhance the overall shopping experience and attract a younger demographic[40]. - The company has established long-term partnerships with local brands to create unique community events, enhancing customer interaction[42].

Financial Performance - Same-store sales decreased by 15.9%, compared to a growth of 3.3% in the same period last year[3]. - Revenue for the period was HKD 612.7 million, down from HKD 694.9 million in the same period last year, representing a decline of approximately 11.6%[3][5]. - Operating profit for the period was HKD 114.6 million, compared to HKD 121.3 million in the previous year, reflecting a decrease of about 5.8%[3][5]. - Net profit for the period was HKD 3.1 million, an increase from HKD 1.7 million in the same period last year, marking a growth of approximately 82.0%[3][5]. - Earnings per share for the period was HKD 0.002, up from HKD 0.001 in the previous year[3][5]. - For the six months ending December 31, 2024, the group reported total revenue of HKD 612,703,000, a decrease from HKD 694,900,000 in the same period of 2023, representing a decline of approximately 11.8%[17]. - The group recorded a profit before tax of HKD 25,425,000 for the six months ending December 31, 2024, compared to HKD 6,461,000 for the same period in 2023, indicating a significant increase[21]. - The group’s operating profit for the six months ending December 31, 2024, was HKD 114,563,000, down from HKD 121,292,000 in the previous year[21]. - The group’s financial costs for the period were HKD 96,141,000, leading to a net financial cost of HKD 89,138,000[21]. - The company reported a net profit attributable to shareholders of HKD 3,108,000 for the six months ended December 31, 2024, compared to HKD 1,657,000 for the same period in 2023, indicating a significant increase[31]. - The gross profit margin for merchandise sales was 13.4%, slightly down from 13.9% in the previous year[60]. - Operating profit for the first half of the 2025 fiscal year was HKD 114.6 million, compared to HKD 121.3 million in the same period last year[71]. - The net profit for the first half of the 2025 fiscal year was HKD 3.1 million, an increase from HKD 1.7 million in the previous year[74]. Assets and Liabilities - Total assets as of December 31, 2024, were HKD 9,876.0 million, compared to HKD 10,205.5 million as of June 30, 2024[8][9]. - Total liabilities amounted to HKD 6,471.5 million, down from HKD 6,825.4 million in the previous period[9]. - The net accounts receivable as of December 31, 2024, was HKD 25.782 million, compared to HKD 21.303 million as of June 30, 2024[33]. - The company’s accounts payable as of December 31, 2024, was HKD 461.76 million, compared to HKD 442.928 million as of June 30, 2024[35]. - As of December 31, 2024, the group's cash and bank balances were HKD 803.2 million, down from HKD 875.3 million as of June 30, 2024[75]. - The group's borrowings amounted to HKD 1,418.0 million as of December 31, 2024, compared to HKD 1,469.3 million as of June 30, 2024[75]. - The net debt position of the group was HKD 614.8 million as of December 31, 2024, an increase from HKD 594.0 million as of June 30, 2024[75]. - Current liabilities exceeded current assets by HKD 2,558.8 million as of December 31, 2024, compared to HKD 2,606.4 million as of June 30, 2024[75]. - The group's capital commitments were HKD 60.7 million as of December 31, 2024, up from HKD 42.6 million as of June 30, 2024[75]. Cash Flow and Financial Forecast - The group reported a net cash flow forecast covering the next twelve months, considering available internal funds and financial resources[11]. - The group expects sufficient resources to continue operations and meet financial obligations for the foreseeable future, based on anticipated cash flows and the successful renewal of shareholder loans[14]. Shareholder and Dividend Information - The group has confirmed that shareholder loans from New World Development will be renewed for another 12 months after their maturity on December 31, 2024, with short-term bank borrowings of approximately HKD 699,857,000 guaranteed by New World Development[12]. - The company did not declare an interim dividend for the six months ended December 31, 2024, consistent with the previous year[29]. - The board decided not to declare an interim dividend for the six months ended December 31, 2024, consistent with the previous year[81]. Membership and Customer Engagement - The total number of members reached 7.87 million, representing a year-on-year growth of 4.7%[40]. - The company is focusing on enhancing member engagement through marketing activities such as "V Friends Festival" and "Tuesday Member Day"[40]. - The company launched a member consumption event "V Friend Festival," resulting in over 8,000 new member registrations across all stores[48]. - The company implemented a weekly member day, leading to over 7,000 new members during the Beijing Chongwen store's 26th anniversary celebration[49]. - The company is focusing on enhancing member engagement through innovative activities, such as the "Crazy Animal City" live role-playing show in Shanghai[51]. - The company is enhancing its marketing strategies by integrating online and offline channels, resulting in significant member growth through social media promotions[50]. Business Operations and Expansion - The company operates 22 department stores and shopping centers across 12 major cities in China, with a total floor area of approximately 920,000 square meters[38]. - The company is actively expanding its product offerings by introducing flagship stores and enhancing the shopping experience with new brands[44]. - The company is actively expanding its dining ecosystem by introducing various food brands, including "Popeyes" and "Yeye Bu Pao Tea" in different locations[46]. - The company is leveraging digital trends by integrating its membership system with "China UnionPay Cloud Quick Payment" to improve operational efficiency[40]. - The company is creating immersive experiences through themed restaurants and events, such as the "潮玩星球" (Trendy Play Planet) in Beijing, targeting the growing two-dimensional culture market[47]. - The company is leveraging online platforms like "Meituan" and "JD Instant Delivery" to improve business delivery efficiency and adapt to the growing demand for in-store and home delivery services[53]. - The company plans to launch "LOL Shared Fitness" in Nanjing to promote a healthier lifestyle and diversify its business[56]. - The group is actively seeking new growth points and aims to enhance product categories and improve online and offline integration[57]. Employee Information - The total number of employees as of December 31, 2024, was 1,734, a decrease from 2,011 in 2023[82]. Other Information - The group did not purchase, sell, or redeem any of its listed securities during the six-month period ended December 31, 2024[83]. - There were no significant acquisitions or disposals in the first half of the fiscal year 2025[80]. - The group's mid-term performance for the six months ended December 31, 2024, was reviewed by the audit committee but not audited by external auditors[88].

Financial Performance - Revenue for 2024 was HK$1,359,456 thousand, a decrease from HK$1,483,733 thousand in 2023[36] - Net profit for 2024 was HK$13,314 thousand, compared to a net loss of HK$320,852 thousand in 2023[36] - Total assets decreased to HK$10,205,513 thousand in 2024 from HK$10,791,316 thousand in 2023[36] - Annual revenue for the fiscal year ending June 30, 2024, was HKD 1,359.5 million, compared to HKD 1,483.7 million in the previous year[51] - The company achieved an annual profit of HKD 13.3 million for the fiscal year ending June 30, 2024, with earnings per share of HKD 0.008[51] - Revenue for the fiscal year 2024 decreased to 1,359.5 million HKD from 1,483.7 million HKD in 2023, primarily due to a decline in merchandise sales and commission income from counter sales[89] - Total sales proceeds for 2024 were 4,347.6 million HKD, down from 4,914.5 million HKD in 2023[89] - Gross profit margin for merchandise sales in 2024 improved to 13.5% compared to 12.7% in 2023[89] - Rental income for 2024 was 585.0 million HKD, slightly up from 583.8 million HKD in 2023[89] - Other income increased to 333.5 million HKD in 2024 from 291.9 million HKD in 2023, mainly due to the write-off of long-aged payables[89] - Operating profit for 2024 was 254.7 million HKD, a significant improvement from an operating loss of 79.4 million HKD in 2023[98] - Employee benefit expenses decreased to 342.2 million HKD in 2024 from 408.7 million HKD in 2023, reflecting cost control measures and store closures[94] - Depreciation expenses reduced to 353.9 million HKD in 2024 from 382.7 million HKD in 2023, due to the closure of certain department stores[95] - Financial costs increased to 217.5 million HKD in 2024 from 203.2 million HKD in 2023, driven by higher average borrowing costs due to rising HIBOR[99] - Income tax expense decreased to 23.9 million HKD in 2024 from 38.3 million HKD in 2023, primarily due to deferred tax credits[100] - Annual profit for the fiscal year 2024 is HKD 13.3 million, compared to a loss of HKD 320.9 million in the fiscal year 2023[101] - Revenue for the year 2024 decreased to 1,359,456 thousand HKD from 1,483,733 thousand HKD in 2023, representing a decline of approximately 8.4%[199] - Other income increased to 333,507 thousand HKD in 2024 from 291,936 thousand HKD in 2023, showing a growth of about 14.2%[199] - Operating profit for 2024 was 254,710 thousand HKD, a significant improvement from an operating loss of 79,395 thousand HKD in 2023[199] - Net profit for 2024 was 13,314 thousand HKD, compared to a net loss of 320,852 thousand HKD in 2023[199] - Basic and diluted earnings per share for 2024 were 0.008 HKD, recovering from a loss of 0.190 HKD per share in 2023[199] - Other comprehensive loss for 2024 was 8,208 thousand HKD, a substantial reduction from 307,388 thousand HKD in 2023[200] - Total comprehensive income for 2024 was 5,106 thousand HKD, compared to a comprehensive loss of 628,240 thousand HKD in 2023[200] - Investment property fair value changes resulted in a loss of 119,286 thousand HKD in 2024, compared to a loss of 22,527 thousand HKD in 2023[199] - Financial costs net of income were 217,522 thousand HKD in 2024, slightly higher than 203,172 thousand HKD in 2023[199] - Depreciation expenses decreased to 353,854 thousand HKD in 2024 from 382,656 thousand HKD in 2023, reflecting a reduction of approximately 7.5%[199] Store Operations and Revenue Streams - Rental income remained stable at HK$584,977 thousand in 2024, compared to HK$583,840 thousand in 2023[37] - Commission income from counter sales decreased to HK$435,932 thousand in 2024 from HK$479,918 thousand in 2023[37] - Self-operated sales revenue dropped to HK$322,103 thousand in 2024 from HK$402,350 thousand in 2023[37] - Rental income accounted for 43.0% of the total revenue, followed by sales commission income at 32.1%, self-operated goods sales at 23.7%, and financing lease interest income at 1.2%[51][53] - The company operates 15 stores under the "New World" brand and 7 stores under the "Paris Spring" brand in Shanghai, covering 12 major locations in mainland China[4] - Total gross floor area of the stores is approximately 920,000 square meters[4] - The company operates 22 department stores and shopping malls across 12 major locations in mainland China, with a total gross floor area of approximately 920,000 square meters[52] - The company reduced one store due to the expiration of a lease contract, specifically the Wuhan Wuchang store[52] - The company focused on brand introduction and category management, upgrading store images, and enhancing offline activities to attract potential members[54] - The Shanghai Wujiaochang store completed a comprehensive upgrade, introducing approximately 30% of first-in-the-area brands, adding dining, entertainment, and sports formats[55] - The Beijing Chongwen store introduced a "second-dimensional" street, featuring brands like "Chaowan Xingqiu" and "Gufan Tian," and added lifestyle brands such as "Muji"[55] - The Shanghai Huaihai store introduced the first indoor cycling venue "TANGO LIVEHOUSE" and the Japanese网红烘焙 brand "Kimuraya"[55] - The Shanghai Pujian store upgraded with "Manner Coffee" and "Nike SPORT M" stores, enhancing the store's appeal to different customer groups[55] - The company launched a new membership system with eight exclusive benefits, enhancing the overall member experience and attracting users for long-term private domain operations[57] - The company's self-operated e-commerce platform "New Flash Purchase Mini Program" saw double-digit year-on-year growth in sales, driven by collaborations with platforms like Douyin, Meituan, and Gaode[58] - The company introduced several first-of-their-kind stores, including the national debut of the indoor music cycling venue "TANGO LIVEHOUSE" at Shanghai Huaihai Store and the "MAXUS" yo-yo club at Shanghai Wujiaochang Store[61] - The company focused on introducing high-quality lifestyle dining options, such as the national debut of the pufferfish paper hotpot restaurant "Fugu Paper" at Shanghai Huaihai Store and the "Baoyue Lou" Cantonese restaurant at Shanghai Pujian Store[68] - The company expanded its presence in the "Z Generation" market by renovating the "Anime Street" at Beijing Chongwen Store and hosting events like "ACG Guiguzi" and "Pokémon Card Tournaments"[71] - The company organized large-scale marketing events like the "66 Butterfly Festival," which attracted diverse consumer groups and overlapped with store anniversary celebrations[73] - The company held various outdoor market events, such as the "V Future Market" and "Spring Vitality Market" at Shanghai Huaihai Store, significantly boosting foot traffic[75] - Shanghai Huaihai Store's "Huaihai Wool Plan" exhibition attracted a large number of customers, with a 197% year-on-year increase in foot traffic and 63,000 views on Xiaohongshu[76] - The company launched a national first-of-its-kind children's membership system, adding over 7,000 new child members annually[77] - Shanghai Huaihai Store's "2024 Happy Huaihai Carnival" achieved over 400,000 exposures[80] - The company's live streaming business saw significant growth, with a total GMV of nearly RMB 300,000 during a joint live streaming event in Central China[82] - The online platform "New Flash Sale" achieved double-digit high growth in sales during the review period[82] - The company operates five LOL (Love‧Original‧Life) original lifestyle concept stores, with three in Shanghai and two in Beijing[84] - LOL concept stores introduced popular international brands such as "TRIDO" and "MARSHALL," gaining significant exposure on social platforms like Xiaohongshu[85] - The company operates three "New World Supermarkets," with themed sections like the Russian Pavilion in Wuhan Construction Store[87] - The company reduced one supermarket location, specifically the Lanzhou store, to optimize resource allocation[87] Corporate Governance and Board Structure - The company is committed to maintaining high standards of corporate governance and has complied with all applicable code provisions of the Corporate Governance Code as of June 30, 2024[109] - The company has adopted the standard code for securities transactions by directors as set out in Appendix C3 of the Listing Rules, and all directors have confirmed compliance with this code for the year ending June 30, 2024[110] - The company has established written guidelines for employee securities transactions, and no violations were reported for the year ending June 30, 2024[111] - The Board of Directors consists of three executive directors, one non-executive director, and five independent non-executive directors as of the report date[113] - The Board held four regular meetings and one meeting with independent non-executive directors without other directors present during the year ending June 30, 2024[115] - Dr. Cheng Chi Kong resigned as non-executive director and Chairman on September 26, 2024, and Mr. Cheung Fai Yip was appointed as Chairman on the same day[113][116] - The roles of Chairman and CEO are held by separate individuals to ensure a balanced distribution of power and authority[117] - The company has implemented a mechanism to ensure the independence of the Board, including procedures for seeking independent professional opinions and criteria for selecting independent non-executive directors[119] - The Board reviewed the company's environmental, social, and governance (ESG) development, including the "New World 2030 Sustainability Vision," during two regular meetings in the review year[119] - The Audit Committee held two meetings during the review period to review the audited consolidated financial statements for the year ended June 30, 2023, and the unaudited interim financial information for the six months ended December 31, 2023[122] - The Audit Committee reviewed the effectiveness of the company's risk management and internal control systems, including resources, staff qualifications, and training budgets related to accounting, internal audit, and financial reporting functions[122] - The Internal Audit Department conducted risk-based audits to ensure the effectiveness of major internal control measures and managed key business and operational risks, including environmental, social, and governance risks[122] - The Audit Committee met with external auditors twice a year to discuss audit-related matters and any issues raised by the external auditors[121] - The Remuneration Committee held two meetings during the year ended June 30, 2024, to review the company's remuneration policies and assess the performance of executive directors[126] - The Remuneration Committee is responsible for determining the remuneration packages of executive directors and senior management, including benefits, pension provisions, and compensation amounts[126] - The company has adopted a formal and transparent remuneration policy for directors and employees to attract and retain experienced and high-quality talent[126] - The Audit Committee reviewed the company's whistleblowing policy, which aims to effectively uncover fraud, misconduct, or significant risks within the company[124] - The Remuneration Committee consists of eight members, with the majority being independent non-executive directors, and is chaired by an independent non-executive director[125] - The Audit Committee is composed of five independent non-executive directors, with the chairman possessing specialized knowledge in financial management[121] - The company has a total of 9 directors, with 3 being female, representing 33.33% of the board, achieving gender diversity[132] - The company's total number of employees as of June 30, 2024, is 1,838, with female employees accounting for approximately 48% of the workforce[132] - The gender pay ratio between male and female employees is 1.03, indicating a balanced gender pay structure[132] - The company has adopted a Board Diversity Policy, considering factors such as gender, age, cultural and educational background, ethnicity, professional experience, skills, and knowledge[130] - The company has set measurable objectives to implement the Board Diversity Policy and will review these objectives periodically to ensure their appropriateness and progress[130] - The Nomination Committee held one meeting during the fiscal year to review the re-election of retiring directors and propose recommendations to the board[128] - The Nomination Committee reviewed the company's nomination policy and board diversity policy during the fiscal year[128] - The company's nomination policy outlines criteria and procedures for appointing and re-electing directors, ensuring a balanced mix of skills, experience, and diversity[129] - The Nomination Committee evaluates director candidates based on criteria such as integrity, qualifications, time commitment, and potential conflicts of interest[129] - The company's Board Diversity Policy aims to enhance the effectiveness of the board by maintaining diversity among its members[130] - All directors participated in continuous professional development to update their knowledge and skills during the review year[134] - The company adopted a share option plan on June 26, 2023, allowing the issuance of share options to all directors[135] - The company's annual and interim results were published in a timely manner, and the directors confirmed compliance with applicable laws and accounting standards[136] - The audit committee reviewed the effectiveness of the risk management and internal control systems, confirming they are adequate and effective[137] - The company has implemented a continuous disclosure policy to ensure timely and accurate disclosure of material information[138] - The directors approved the adoption of all applicable Hong Kong Financial Reporting Standards issued by the HKICPA for the financial statements as of June 30, 2024[139] - The company secretary participated in at least 15 hours of relevant professional training during the year ended June 30, 2024[140] - The company is committed to enhancing shareholder value and ensuring timely access to comprehensive and understandable information[141] - The company has adopted a shareholder communication policy to enhance effective communication with shareholders and encourage active engagement[142] - The company's dividend distribution policy prioritizes operational needs and retains most available funds for business development, with no fixed dividend payout ratio[143] - The company's sustainability report follows the Global Reporting Initiative (GRI) standards and aligns with the Climate-Related Financial Disclosures Task Force guidelines[143] - The company paid HKD 3,976,000 for audit services and HKD 794,000 for non-audit services to external auditors for the fiscal year ending June 30, 2024[145] - The company emphasizes employee development, compliance with labor laws, and maintaining a fair and transparent recruitment process[146] - The company's distributable reserves as of June 30, 2024, amounted to HK$929.5 million, compared to HK$1,025.5 million in 2023[154] - The company made charitable donations of approximately HK$150,000 during the fiscal year, up from HK$18,000 in 2023[154] - No final dividend was recommended for the fiscal year ending June 30, 2024, consistent with the previous year[152] - The company did not issue any shares or bonds during the fiscal year[153] - The company received multiple awards and certifications, including the "ESG Gold Award" from The Asset and the "Green Office 10+" certification from the World Green Organization[147] - The company's financial performance and key performance indicators are detailed in the "Management Discussion and Analysis" section on pages 12-35 of the annual report[152] - The company's environmental policies and climate-related risks are discussed in the standalone "Sustainability Report 2024"[152] - The company's major investment properties are detailed on page 164 of the annual report[154] - The company's five-year financial summary is provided on page 163 of the annual report[154] - The company's board of directors underwent changes, with Dr. Adrian Cheng resigning as Chairman and Mr. Cheung Fai-yat being appointed as the new Chairman[154] - The company has maintained directors' liability insurance to provide appropriate protection for directors and subsidiary directors during the review year[161] - Dr. Cheng Chi Kong and Ms. Chiu Wai Han hold interests in entities considered to be in direct or indirect competition with the group's business, including New World Development and Chow Tai Fook Enterprises[162] - New World Development is restricted from engaging in certain businesses in mainland China, including department stores, supermarkets, and convenience stores, under a non-compete deed[163] - Independent non-executive directors have confirmed that New World Development has not violated the non-compete deed[164] - The company has a comprehensive leasing agreement with New World Development, with fixed leasing costs capped at RMB 534 million, RMB 523 million, and RMB 436 million for the respective years, and variable leasing and service costs capped at RMB 121 million, RMB 153 million, and RMB 162 million[165] - The total fixed leasing costs paid by the group as a lessee under the comprehensive leasing agreement amounted to approximately RMB 146.677 million during the review year[165] - The total variable leasing costs paid by the group as a lessee under the comprehensive leasing agreement amounted to approximately RMB 86.426 million during the review year[165] - The company has a comprehensive counter agreement with Chow Tai Fook Jewelry Group, with annual caps of RMB 89 million, RMB 95 million, and RMB 100 million for the respective years[166] - The total transaction value under the comprehensive counter agreement was approximately RMB 27.954 million during the review year[166] - The company has a comprehensive service agreement with Mr. To Wai Kwok, with an annual cap of RMB 57 million[167] - The total transaction amount under the Comprehensive Service Agreement was approximately RMB 13,909,000 in the review year (2023: approximately RMB 6,431,000)[168] - The annual caps for the Comprehensive Service Agreement are

Financial Performance - Same-store sales growth for the year was -7.2%, compared to -10.2% in the previous year[1] - Annual revenue was HKD 1,359.5 million, down from HKD 1,483.7 million in the previous year[2] - Operating profit for the year was HKD 254.7 million, a significant improvement from an operating loss of HKD 79.4 million in the previous year[2] - Annual profit was HKD 13.3 million, recovering from a loss of HKD 320.9 million in the previous year[2] - Earnings per share for the year was HKD 0.008, compared to a loss per share of HKD 0.190 in the previous year[2] - Other income increased to HKD 333.5 million from HKD 291.9 million in the previous year[2] - Total revenue for the year ended June 30, 2024, was HKD 1,359,456, a decrease from HKD 1,483,733 for the year ended June 30, 2023, representing a decline of approximately 8.4%[15] - The operating profit for the year ended June 30, 2024, was HKD 254,710, compared to an operating loss of HKD 79,395 for the year ended June 30, 2023[15] - The company reported a net profit of HKD 13,314 for the year ended June 30, 2024, recovering from a net loss of HKD 320,852 for the year ended June 30, 2023[15] - The annual profit for fiscal year 2024 was HKD 13.3 million, compared to an annual loss of HKD 320.9 million in fiscal year 2023[60] Assets and Liabilities - Total assets decreased to HKD 10,205.5 million from HKD 10,791.3 million in the previous year[4] - Total liabilities decreased to HKD 6,825.4 million from HKD 7,416.3 million in the previous year[5] - Non-current liabilities related to lease liabilities decreased to HKD 2,212.8 million from HKD 2,500.9 million[5] - Cash and bank balances increased to HKD 569.6 million from HKD 307.2 million in the previous year[4] - As of June 30, 2024, the group's net current liabilities amounted to approximately HKD 2,606,373,000, which includes short-term bank borrowings of about HKD 756,297,000 and shareholder loans from New World Development of HKD 713,000,000[6] - The group's borrowings as of June 30, 2024, were HKD 1,469.3 million, up from HKD 1,412.5 million in the previous year[61] - The net debt position of the group was HKD 594.0 million as of June 30, 2024, compared to HKD 581.0 million a year earlier[61] - Current liabilities exceeded current assets by HKD 2,606.4 million as of June 30, 2024, down from HKD 2,867.2 million as of June 30, 2023[62] - The group's capital commitments were HKD 42.6 million as of June 30, 2024, a decrease from HKD 72.7 million in the previous year[62] Revenue Sources - The group's retail sales revenue for 2024 was HKD 3,090,527,000, a decrease from HKD 3,618,718,000 in 2023, representing a decline of approximately 14.6%[10] - Commission income from retail sales for 2024 was HKD 435,932,000, down from HKD 479,918,000 in 2023, indicating a decrease of about 9.2%[10] - Rental income for the group was HKD 584,977,000 in 2024, compared to HKD 882,268,000 in 2023, reflecting a significant decline of approximately 33.8%[12] - The group reported customer contract revenue of HKD 758,035,000 for 2024, with no prior year comparison provided[12] - Rental income accounted for 43.0% of total revenue, while sales commission from counters contributed 32.1%, and self-operated goods sales made up 23.7%[34] Market and Operational Strategies - The company plans to expand its market presence and invest in new technologies to enhance operational efficiency[15] - The retail industry is experiencing a continuous recovery, with a focus on brand introduction and category management, enhancing store image upgrades, and increasing offline activities to attract potential members[36] - The introduction of new member benefits and the launch of a children's membership system have improved user engagement and family consumption experiences[36] - Online sales through the "New Flash Purchase" platform achieved double-digit growth year-on-year, driven by promotional activities and collaborations with platforms like Douyin and Meituan[37] - The company is targeting the "Z Generation" market by expanding its offerings in the two-dimensional culture sector, including themed restaurants and events[40] - The company has successfully integrated dining and entertainment options in its stores, enhancing the overall customer experience and increasing foot traffic[39] - The group implemented diverse marketing strategies, including collaborations with local businesses to enhance customer experience and drive traffic[42] Cost Management - The company reduced its employee benefits expenses from HKD 408.7 million in fiscal year 2023 to HKD 342.2 million in fiscal year 2024, reflecting ongoing cost control measures[53] - Other operating expenses decreased from HKD 615.0 million in fiscal year 2023 to HKD 432.3 million in fiscal year 2024, primarily due to a reduction in foreign exchange losses[56] - The net financial costs increased to HKD 217.5 million in fiscal year 2024 from HKD 203.2 million in fiscal year 2023, mainly due to rising borrowing costs[58] Corporate Governance - The company has established an audit committee to oversee financial reporting and risk management, consisting of five independent non-executive directors[68]