Group 1 - The core point of the article is that Cai Xing Toys (00869.HK) announced the appointment of executive director Chen Kailun as a member of the nomination committee effective from August 15, 2025 [1]

Core Viewpoint - The company reported a significant decline in revenue and incurred a loss for the first half of the fiscal year ending June 30, 2025, primarily due to the lack of major entertainment-driven sales and external market challenges [1] Financial Performance - The company achieved revenue of HKD 186 million, a year-on-year decrease of 58.33% [1] - The loss attributable to shareholders was HKD 25.61 million, compared to a profit of HKD 91.458 million in the same period last year [1] - Earnings per share were reported at a loss of HKD 0.0217, with a proposed interim dividend of HKD 0.01 per share [1] Operational Challenges - The decline in revenue was attributed to the inability to benefit from the anticipated sales boost from the movie "Godzilla x Kong: New Empire," which was released in March 2024, leading to a decrease in product shipments [1] - The "Teenage Mutant Ninja Turtles" brand did not have any major entertainment events to drive demand, resulting in a slowdown in the product series [1] - Increased trade tensions have hindered shipments to the U.S. market, particularly in April [1]

Group 1 - The company, 彩星玩具 (00869), announced that its executive director, 陈凯伦, will be appointed as a member of the nomination committee starting from August 15, 2025 [1]

Group 1 - The company, 彩星玩具 (00869), announced a mid-term dividend of 1 Hong Kong cent per share to be distributed on September 19, 2025 [1]

彩星玩具有限公司 董事委員會 提名委員會 – 職權範圍 1. 成員 2. 舉行會議的次數及程序 3. 權力 1.1 委員會的成員須由董事會委任，大部分成員須為獨立非執行董事，人數不少 於二人。委員會應包括至少一名不同性別的董事。委員會主席須由董事會主 席或獨立非執行董事出任。 1.2 委員會主席須由董事會委任。倘委員會主席缺席，其餘與會成員須從彼等當 中選舉一人擔任會議主席｡ 2.1 會議法定人數為兩人。 2.2 任何董事、行政人員或其他人士在適當時均可被邀出席委員會會議，以協助 委員會達其目的。 2.3 委員會主席可於其認為需要時要求召開會議，惟委員會每年須至少舉行一次 會議。 2.4 委員會秘書由公司秘書兼任。 (a) 至少每年檢討董事會的架構、人數及組成(包括技能、知識及經驗方面)， 協助董事會維持董事技能表，並就任何為配合公司策略而擬對董事會作出 的變動提出建議； (b) 物色具備合適資格可擔任董事的人士，並挑選提名有關人士出任董事或 就此向董事會提供意見； (c) 評核獨立非執行董事的獨立性； (d) 就董事委任或重新委任以及董事(尤其是主席及行政總裁)繼任計劃向董事 會提出建議； (e) 定期檢視 ...

PLAYMATES TOYS LIMITED 彩星玩具有限公司* ( 於百慕達註冊成立之有限公司 ) (股份代號：869) 董事會成員及其角色和職能 彩星玩具有限公司董事會(「董事會」)成員載列如下： 執行董事 陳光輝先生（主席） 陳凱倫小姐 陳光強先生 陳偉恒先生 獨立非執行董事 董事會設立三個委員會。委員會的成員資料載列如下： 審核委員會 俞漢度先生－委員會主席 葉樹榮先生 林懷漢先生 薪酬委員會 葉樹榮先生－委員會主席 林懷漢先生 陳光輝先生 提名委員會 陳光輝先生－委員會主席 陳凱倫小姐 葉樹榮先生 林懷漢先生 俞漢度先生 香港, 二零二五年八月十五日 * 僅供識別 葉樹榮先生 林懷漢先生 俞漢度先生 ...

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佈之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或因倚 賴該等內容而引致之任何損失承擔任何責任。 本公司董事會宣佈於二零二五年八月十五日起，本公司執行董事陳凱倫小姐被委任為提 名委員會成員。 本公司更新後的提名委員會成員名單將分別上載於本公司和香港聯合交易所有限公司之 網站 承董事會命 吳家欣 公司秘書 PLAYMATES TOYS LIMITED 彩星玩具有限公司* ( 於百慕達註冊成立之有限公司 ) (股份代號：869) 董事委員會成員變更 陳光輝先生 ( 主席 )、陳凱倫小姐( 執行董事 ) 、陳光強先生( 執行董事 ) 、葉樹榮先生 ( 獨 立非執行董事 )、林懷漢先生 ( 獨立非執行董事 )、陳偉恒先生 ( 執行董事 )及俞漢度先生 ( 獨立非執行董事 ) * 僅供識別 1 香港，二零二五年八月十五日 截至本公佈日期，董事會包括以下董事： ...

EF001 免責聲明 | 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 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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 彩星玩具有限公司 | | 股份代號 | 00869 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至二零二五年六月三十日止六個月之中期股息 | | 公告日期 | 2025年8月15日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.01 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.01 HKD | | 匯率 | 1 HKD : 1 HKD | ...

[Management Discussion and Analysis](index=1&type=section&id=Management%20Discussion%20and%20Analysis) [Performance Overview](index=1&type=section&id=Performance%20Overview) In H1 2025, the company's revenue sharply declined by **58% to HKD 186 million**, resulting in a **net loss of HKD 25.6 million** due to a high prior-year base, slower core brand demand, and trade tensions, with gross margin also pressured by tariffs and increased costs Key Financial Indicators for H1 2025 | Indicator | H1 2025 (HKD Thousands) | H1 2024 (HKD Thousands) | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 185,514 | 445,141 | -58.3% | | Gross Profit | 79,360 | 249,447 | -68.2% | | Operating (Loss)/Profit | (45,293) | 68,435 | N/A | | (Loss)/Profit Attributable to Owners of the Company | (25,610) | 91,458 | N/A | | Basic (Loss)/Earnings Per Share | (2.17) HK Cents | 7.75 HK Cents | N/A | | Interim Dividend Per Share | 1.00 HK Cents | 2.00 HK Cents | -50.0% | - Three main reasons for revenue decline include: (i) decreased shipments of **Godzilla x Kong** products due to fading movie effects; (ii) slower demand for the **Ninja Turtles** brand due to a lack of major entertainment events; and (iii) **trade tensions** hindering product shipments to the US market[2](index=2&type=chunk) - Gross margin decreased from **56%** in the prior period to **43%**, primarily affected by **US tariffs**, increased **development costs** for new products, and **clearance costs** for discontinued products[3](index=3&type=chunk) - The company anticipates **ongoing challenges** from global trade changes, with **current tariff measures** negatively impacting profitability, and is evaluating **alternative sourcing options** while planning **selective price adjustments** to mitigate some effects[4](index=4&type=chunk) [Brand Overview and Development](index=2&type=section&id=Brand%20Overview%20and%20Development) The company is actively developing new product lines for core IPs, including a **Ninja Turtles** series, newly acquired global licensing for **Hasbro's Power Rangers** with positive reception, and new toy series for **Godzilla x Kong** and **Winx** aligned with upcoming media content - **Ninja Turtles**: A **four-season series** is being produced to connect the movie and its **2027 sequel**, with the company actively developing **new products** to align with the content release[5](index=5&type=chunk) - **Power Rangers**: A **global licensing agreement** has been signed with **Hasbro** to develop the **Mighty Morphin Power Rangers: Re-Ignition** toy series, with initial products shipped and **positive preliminary consumer response**[6](index=6&type=chunk) - **Godzilla x Kong**: As a **major global toy licensee**, the company will continue to **develop and expand its product series**[7](index=7&type=chunk) - **Winx**: To coincide with the reboot series premiering on **Netflix** in **October 2025**, a **new fashion doll and role-play toy series** will be launched this autumn[8](index=8&type=chunk) [Condensed Consolidated Financial Information](index=3&type=section&id=Condensed%20Consolidated%20Financial%20Information) [Condensed Consolidated Statement of Profit or Loss](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) For H1 2025, the company reported revenue of **HKD 186 million**, a **58.3% decrease**, resulting in an **operating loss of HKD 45.29 million** and a **net loss of HKD 25.61 million** due to reduced revenue and gross margin H1 2025 Statement of Profit or Loss Summary | Item (HKD Thousands) | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Revenue | 185,514 | 445,141 | | Gross Profit | 79,360 | 249,447 | | Operating (Loss)/Profit | (45,293) | 68,435 | | (Loss)/Profit Before Income Tax | (15,517) | 117,420 | | (Loss)/Profit Attributable to Owners of the Company | (25,610) | 91,458 | [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the company's **total assets were HKD 1.32 billion**, with **net assets of HKD 1.10 billion** and **net current assets of HKD 1.07 billion**, indicating a **strong financial position** with **HKD 1.03 billion in cash and bank balances** Statement of Financial Position Summary | Item (HKD Thousands) | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Total Assets | 1,320,066 | 1,425,132 | | Total Liabilities | 215,294 | 224,010 | | Net Assets | 1,104,772 | 1,201,122 | | Cash and Bank Balances | 1,028,781 | 1,043,325 | | Trade Receivables | 44,435 | 136,670 | [Notes to the Condensed Consolidated Financial Information](index=5&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Information) Notes reveal a **single business segment**, significant revenue decline in the **Americas**, **high customer concentration**, decreased **other income** due to lower investment and interest gains, and a **50% reduction in interim dividend** to **HKD 0.01 per share** [Revenue and Segment Information](index=5&type=section&id=Revenue%20and%20Segment%20Information) The company operates in a **single segment** (toys and home entertainment), with the **Americas** as the primary but significantly declining revenue source, **European revenue halved**, and **high customer concentration** where the **top three clients account for approximately 71% of total revenue** Revenue by Region (HKD Thousands) | Region | H1 2025 | H1 2024 | | :--- | :--- | :--- | | United States | 131,459 | 309,454 | | Other Americas | 20,217 | 25,826 | | Europe | 31,351 | 90,536 | | Other Asia Pacific excluding Hong Kong | 2,487 | 18,549 | - The Group has **three major customers** whose transactions account for **over 10% of total revenue**, with sales revenue of approximately **HKD 56.57 million**, **HKD 51.05 million**, and **HKD 24.01 million**, respectively[18](index=18&type=chunk) [Net Other Income](index=6&type=section&id=Net%20Other%20Income) Net other income decreased from **HKD 50.82 million** to **HKD 30.72 million**, primarily due to reduced **unrealized and realized gains from financial assets** and **lower interest income** Net Other Income Details (HKD Thousands) | Item | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Net Gains from Financial Assets | 9,009 | 20,742 | | Interest Income | 21,149 | 29,811 | | **Total** | **30,718** | **50,822** | [Dividends](index=8&type=section&id=Dividends) The Board declared an **interim dividend of HKD 0.01 per share** for H1 2025, a **50% reduction** from **HKD 0.02 per share** in the prior period - The Board resolved to declare an **interim dividend** of **HKD 0.01 per share**, compared to **HKD 0.02 per share** in the prior period[23](index=23&type=chunk) [Loss/Earnings Per Share](index=9&type=section&id=Loss%2FEarnings%20Per%20Share) Due to the company's shift from profit to loss, **basic loss per share was HKD 0.0217**, compared to **basic earnings per share of HKD 0.0775** in the prior period - **Basic loss per share** was **HKD 0.0217**, calculated based on the loss attributable to owners of the company of **HKD 25.61 million**[26](index=26&type=chunk) [Trade Receivables](index=9&type=section&id=Trade%20Receivables) Trade receivables significantly decreased from **HKD 137 million** to **HKD 44.44 million**, reflecting lower H1 sales, with approximately **85% of receivables aged within 60 days** Trade Receivables Aging Analysis (HKD Thousands) | Aging | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | 0 to 60 days | 37,981 | 89,307 | | 61 to 90 days | 5,334 | 35,777 | | Over 90 days | 1,120 | 11,586 | | **Total** | **44,435** | **136,670** | [Financial Analysis and Other Information](index=11&type=section&id=Financial%20Analysis%20and%20Other%20Information) [Financial Analysis](index=11&type=section&id=Financial%20Analysis) The Group maintains a **robust financial position** with a **current ratio of 6.0** and **HKD 1.03 billion in cash**, holding an **HKD 85.04 million listed securities portfolio** (6.4% of total assets), with **USD sales naturally hedged** by the HKD-USD peg - As of **June 30, 2025**, the Group's **current ratio was 6.0**, with ample cash and bank balances of **HKD 1.029 billion**[30](index=30&type=chunk) - The treasury investment portfolio was valued at **HKD 85.04 million**, representing **6.4% of total assets**, with top ten holdings including **NVIDIA**, **Amazon**, **Microsoft**, **Tencent Holdings**, and **Alibaba**[31](index=31&type=chunk) [Share Repurchases and Corporate Governance](index=11&type=section&id=Share%20Repurchases%20and%20Corporate%20Governance) During the period, the **share award scheme trustee purchased 3 million shares** in the open market, and while the company largely complied with corporate governance codes, the **roles of Chairman and CEO are not separated**, though the Board deems the current structure appropriate - During the period, the trustee of the **share award scheme** purchased a total of **3 million shares** in the open market for a total consideration of approximately **HKD 1.68 million**[33](index=33&type=chunk) - The company did not comply with **Corporate Governance Code Provision C.2.1**, which stipulates that the roles of **Chairman and Chief Executive Officer** should be **separate**; however, the Board believes the current structure, where **executive directors jointly manage daily operations**, ensures **effective management**[34](index=34&type=chunk)

Core Viewpoint - 彩星玩具 (00869) has issued a profit warning, expecting significant declines in revenue and net profit for the six months ending June 30, 2025 compared to the same period in 2024 [1] Financial Performance - The company anticipates unaudited revenue of approximately HKD 186 million for the six months ending June 30, 2025, down from HKD 445 million in the same period of 2024 [1] - The expected net loss is around HKD 26 million, contrasting with a net profit of HKD 91 million in the same period of 2024 [1] Reasons for Decline - The board attributes the revenue decrease primarily to a decline in product shipments for "Godzilla vs. Kong" [1] - The "Teenage Mutant Ninja Turtles" brand lacks major entertainment events to drive demand, leading to a slowdown in the product series [1] - Increased costs related to product development, molds, and media production in preparation for upcoming new products [1] - Trade tensions have hindered shipments to the U.S. market since April, and tariffs on imported goods to the U.S. have been implemented since the second quarter of this year [1]