VISION VALUES HOLDINGS LIMITED (Stock Code: 862) （股份代號：862） NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder(s) (Note 1) , 13 March 2026 Vision Values Holdings Limited (the "Company") – Notice of publication of Interim Report 2025/26 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.visionvalues.com.hk and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") ...

VISION VALUES HOLDINGS LIMITED 遠見控股有限公司 (Incorporated in the Cayman Islands with limited liability) – Notice of publication of Interim Report 2025/26 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communication are now available on the Company's website at www.visionvalues.com.hk and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") at www.hkexnews.hk respectively (the "Website Version"). The Company strongly recommends ...

Financial Performance - The group's revenue decreased to HKD 193,100,000 for the financial period, down from HKD 224,100,000 in the previous year, representing a decline of approximately 13.9%[7] - The group reported a loss attributable to shareholders of HKD 25,500,000, compared to a loss of HKD 27,400,000 in the previous year, indicating a slight improvement in performance[7] - The company reported a revenue of HKD 193,135,000 for the six months ended December 31, 2025, a decrease of 13.8% compared to HKD 224,073,000 for the same period in 2024[49] - The net loss for the period was HKD 18,996,000, compared to a net loss of HKD 20,047,000 in the previous year, indicating a slight improvement[50] - The company reported a net loss of HKD 25,521,000 for the period, contributing to a cumulative loss of HKD 384,816,000[56] - The comprehensive loss for the period was HKD 28,966,000, including a currency translation loss of HKD 1,584,000[57] - The company’s accumulated losses increased to HKD 346,808,000 as of December 31, 2024[57] Revenue Segmentation - The logistics business accounted for approximately 84.4% of total revenue, while private jet management contributed 7.1% and other segments contributed 8.5%[17] - For the six months ending December 31, 2025, total segment revenue was HKD 193,135,000, with logistics services contributing HKD 163,086,000[71] - The segment performance for logistics services showed a profit of HKD 28,500,000, while property investment reported a loss of HKD 18,343,000 due to fair value losses[71] Assets and Liabilities - Total assets as of December 31, 2025, amounted to HKD 583,563,000, a slight decrease from HKD 586,573,000 as of June 30, 2025[52] - Total liabilities increased to HKD 364,608,000 from HKD 352,421,000, with current liabilities rising to HKD 181,271,000[53] - The company’s equity attributable to owners decreased to HKD 118,076,000 from HKD 141,876,000, primarily due to the reported loss[53] - The asset-liability ratio as of December 31, 2025, was 32.3%, down from 33.5% as of June 30, 2025[25] Cash Flow and Financing - Cash and cash equivalents at the end of the period were HKD 61,228,000, up from HKD 59,346,000, reflecting a net increase of HKD 207,000[55] - Operating cash flow for the six months ended December 31, 2025, was HKD 26,978,000, a decrease from HKD 85,253,000 in the same period last year[54] - The company plans to utilize HKD 30,300,000 from a financing facility provided by a director, valid until June 30, 2027[65] - The company is exploring additional financing options, including mortgaging properties for bank loans if necessary[66] Investments and Expenditures - The joint venture purchased 40 electric heavy trucks for approximately HKD 24,400,000, which were delivered in early December 2025[13] - The group incurred capital expenditures of approximately HKD 5,391,000 on vehicles for the six months ended December 31, 2025, compared to zero in the same period of 2024, marking a significant investment in this area[83] - The group recognized a total of HKD 24,059,000 in right-of-use assets for the six months ended December 31, 2025, compared to zero in the same period of 2024, indicating new asset acquisitions[83] Compliance and Legal Issues - The group faced challenges with compliance costs for mining licenses, which may significantly increase due to regulatory disputes with the Mongolian government[11] - The company is facing potential legal enforcement actions from Mongolian tax authorities, which could disrupt operations and impact future sales and cash flow[62] - The company is negotiating with creditors to defer repayment of liabilities, particularly the HKD 40,612,000 owed to the Hong Kong related company[63] Shareholder Information - Major shareholders include Ms. Gu Mingmei with 1,276,809,889 shares (32.54%) and Moral Glory with 1,246,054,889 shares (31.75%) as of December 31, 2025[38] - The group is controlled by Moral Glory International Limited, which holds 31.80% of the shares, with the remaining 68.20% held by various parties[103] Employee and Governance - The company employed a total of 57 full-time employees as of December 31, 2025, an increase from 47 employees as of June 30, 2025[46] - The board of directors includes a mix of executive and independent non-executive directors, ensuring a balanced governance structure[48] Market and Strategic Outlook - The management is evaluating the future direction of the Zilong project, including potential exploration and trial production, in light of the rising gold and silver market trends since 2024[28] - The company is actively exploring new opportunities in the Xinjiang electric truck industry, aligning with China's strategic push for large-scale adoption of new energy heavy trucks by 2027[28] - The company is committed to maintaining transparency and will inform shareholders of any progress regarding strategic opportunities in the Zilong project and Xinjiang market[29]

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: 2026年2月28日 | | --- | | 狀態: | | 新提交 | 致：香港交易及結算所有限公司 公司名稱: 遠見控股有限公司 呈交日期: 2026年3月3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) | 00862 | 說明 | 遠見控股有限公司 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 HKD | | 0.01 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 20,000,000,000 HKD | | 0.01 | HKD | | 200,000 ...

Core Viewpoint - The article highlights the innovative collaboration model established by Gansu Technology Group's Qidi Green Technology, which aims to bridge the gap between scientific research and industry needs in Gansu province through a cross-regional cooperation platform. Group 1: Company Overview - Qidi Green Technology, established in 2022, is a joint venture between Gansu Technology Group and Tsinghua Unigroup, focusing on transforming scientific achievements into practical applications for small and medium-sized enterprises [1][2]. - The company has created a network of innovation services across 12 cities and 38 counties in Gansu, connecting over 500 enterprises with technological needs and providing services to more than 100 companies [2]. Group 2: Collaboration and Innovation - The "Gansu Feidi" innovation platform was set up in collaboration with the Yellow River Basin University Innovation and Entrepreneurship Incubation Base in Jinan, Shandong, allowing Gansu enterprises to post technical challenges and enabling eastern research teams to find application scenarios in Gansu [2][3]. - The company has successfully facilitated the development of a new fermentation agent for an apple juice production enterprise, which had previously relied on expensive imported products, demonstrating the effectiveness of the collaboration model [2][3]. Group 3: Risk Mitigation and Technology Transfer - The company addresses the challenges of technology transfer by implementing a "use before payment" mechanism, which allows enterprises to validate technologies before committing financially, thereby reducing risks for both parties [4]. - Over the past three years, Qidi Green Technology has integrated over 10,000 scientific achievements and connected with more than 2,000 research teams and organizations, facilitating various technology transfer projects [4][5]. Group 4: Future Directions - The company is focusing on emerging industries such as artificial intelligence, commercial aerospace, and bio-synthesis, aiming to foster new growth drivers in Gansu province [5]. - Qidi Green Technology is positioning itself as a key player in the innovation landscape of western China, actively working to facilitate resource flow across provinces and enhance industrial applications [5].

Group 1 - The company reported a revenue of approximately HKD 193 million for the six months ending December 31, 2025, representing a year-on-year decrease of 13.81% [1] - The loss attributable to the company's owners was HKD 25.52 million, which is a year-on-year decrease of 6.8% [1] - The loss per share was HKD 0.65 [1]

Group 1 - The company reported a revenue of HKD 193 million for the six months ending December 31, 2025, representing a year-on-year decrease of 13.8% [1] - The loss attributable to the company's owners was HKD 25.52 million, an improvement from a loss of HKD 27.38 million in the same period last year [1] - The basic and diluted loss per share was HKD 0.65 [1]

Group 1 - The company reported a revenue of approximately HKD 193 million for the six months ending December 31, 2025, representing a year-on-year decrease of 13.81% [1] - The loss attributable to the company's owners was HKD 25.52 million, which is a year-on-year decrease of 6.8% [1] - The loss per share was HKD 0.65 [1]

Financial Performance - The company reported a revenue of HKD 193,135,000 for the six months ending December 31, 2025, a decrease of 13.8% compared to HKD 224,073,000 in the same period of 2024[2]. - The net loss for the period was HKD 18,996,000, which is an improvement from a net loss of HKD 20,047,000 in the previous year, reflecting a reduction of 5.3%[3]. - Operating loss decreased to HKD 10,796,000 from HKD 11,491,000, indicating a 6.1% improvement year-over-year[3]. - The group reported a total comprehensive loss of HKD 16,926,000 for the period, an improvement from HKD 22,269,000 in the prior year[4]. - The group reported a pre-tax loss of HKD 14,657,000 for the six months ended December 31, 2025, compared to a loss of HKD 16,229,000 for the same period in 2024[18]. - The group reported a net loss attributable to shareholders of HKD 25,521,000 for the six months ended December 31, 2025, compared to a loss of HKD 27,382,000 in the same period of 2024[23]. Cash Flow and Assets - The company generated a net cash inflow from operating activities of HKD 26,978,000 during the period[8]. - Total assets as of December 31, 2025, were HKD 583,563,000, slightly down from HKD 586,573,000 at the end of June 2025[5]. - The company’s cash and cash equivalents stood at HKD 61,228,000 as of December 31, 2025[8]. - Cash and cash equivalents as of December 31, 2025, were HKD 61,228,000, slightly up from HKD 59,346,000 as of June 30, 2025[19]. - Total segment assets as of December 31, 2025, amounted to HKD 521,637,000, with logistics services contributing HKD 220,395,000[19]. Liabilities and Financial Obligations - Current liabilities totaled HKD 181,271,000, which includes HKD 40,612,000 owed to a related party[8]. - The total income tax expense for the six months ended December 31, 2025, was HKD 4,339,000, an increase from HKD 3,818,000 in 2024[22]. - The group incurred financing costs of HKD 3,897,000 for the six months ended December 31, 2025, down from HKD 4,828,000 in the previous year[20]. - The group’s total liabilities included interest expenses of HKD 3,706,000 related to director loans for the six months ended December 31, 2025[20]. - The group has a revolving financing facility from a major shareholder amounting to HKD 180,000,000, with HKD 149,700,000 drawn as of December 31, 2025[56]. Revenue Segments - The logistics services segment accounted for 84.4% of total revenue, with segment income of HKD 163,086,000, down from HKD 207,251,000 in the previous year, indicating a decrease of 21.3%[18]. - The joint venture's revenue for the fiscal period was HKD 163,100,000, a decline from HKD 207,300,000 in the previous year, despite handling a freight volume of approximately 1,509,000 tons, up from 1,271,000 tons[50]. - The group's revenue decreased to HKD 193,100,000 for the fiscal period, down from HKD 224,100,000 in the previous year, with logistics business contributing approximately 84.4% of total revenue[51]. Corporate Governance and Compliance - The audit committee, consisting of four independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements for the six months ending December 31, 2025[69]. - The company is committed to maintaining high standards of corporate governance to safeguard and enhance shareholder interests[64]. - The company has adopted a self-imposed code for directors' securities trading, ensuring compliance with the standards set forth in the listing rules[66]. - The board recognizes the importance of good corporate governance practices in promoting the company's sustainable development and enhancing investor confidence[64]. Operational Challenges and Future Outlook - The group faced a significant tax dispute with Mongolian tax authorities, which could severely impact operations and cash flow, as the related company in Mongolia accounted for 77% of total revenue as of December 31, 2025, up from 48% in 2024[9]. - The group anticipates potential legal enforcement actions from Mongolian tax authorities that may disrupt operations and reduce demand for logistics services, posing a risk to future sales and cash flow[9]. - The board believes that, despite uncertainties, the group has sufficient financial resources to continue operations for at least the next twelve months, contingent on successful implementation of plans to mitigate disruptions[11]. - The group plans to maintain close communication with the related company in Xinjiang to monitor tax-related disruptions and assess potential impacts on business operations[12]. Investments and Assets - The group recognized a fair value loss of approximately HKD 18,343,000 on investment properties as of December 31, 2025, compared to a loss of HKD 19,126,000 in 2024[26]. - The group reported a fair value loss of HKD 18,300,000 on investment properties, primarily from its commercial property portfolio in Hong Kong[52]. - The group’s exploration and evaluation assets remained stable at HKD 98,453,000 as of December 31, 2025, compared to HKD 97,028,000 at the beginning of the period[28]. - The group has completed the purchase of 40 electric heavy trucks during the financial period, aligning with China's strategy to promote large-scale adoption of new energy heavy trucks by 2027[62]. - The initial trial production operations have shown performance consistent with expectations, indicating a positive outlook for the electric truck market in Xinjiang[62]. - The company is actively exploring new opportunities in the Xinjiang electric truck industry, with potential investments being carefully evaluated[62]. Employment and Human Resources - The company has maintained a total of 57 full-time employees as of December 31, 2025, an increase from 47 employees as of June 30, 2025[68].

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: 遠見控股有限公司 呈交日期: 2026年2月3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) | 00862 | 說明 | 遠見控股有限公司 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 20,000,000,000 | HKD | | 0.01 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 20,000,000,000 | HKD | | 0.01 HKD | | 200,000,000 | 本月底法定/註冊股本總額： HKD 200,000,000 FF ...