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 公司名稱: 英皇鐘錶珠寶有限公司 呈交日期: 2025年9月2日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 00887 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 7,256,708,129 | | 0 | | 7,256,708,129 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 7,256,708,129 | | 0 | | 7,256,708,1 ...

Core Viewpoint - Emperor Watch and Jewelry (00887.HK) reported a total revenue of HKD 2.794 billion for the six months ending June 30, 2025, reflecting a year-on-year increase of 7.6% [1] Financial Performance - Gross profit reached HKD 840 million, marking a year-on-year increase of 7.7% [1] - Adjusted EBITDA was HKD 297 million, up 5.3% year-on-year [1] - Net profit amounted to HKD 194 million, representing a year-on-year increase of 4.9% [1] - Basic earnings per share were HKD 0.0273, with the board declaring a dividend of HKD 0.0055 per share for the period [1]

Group 1 - The company, Emperor Watch and Jewellery (00887), announced a mid-term dividend of HKD 0.0055 per share to be distributed on September 17, 2025 [1]

Core Viewpoint - The company reported a positive growth in its mid-year performance for 2025, indicating a stable financial trajectory in the luxury watch and jewelry sector [1] Financial Performance - Total revenue reached HKD 2.794 billion, representing a year-on-year increase of 7.6% [1] - Gross profit amounted to HKD 840 million, with a year-on-year growth of 7.7% [1] - Adjusted EBITDA was HKD 297 million, reflecting a year-on-year increase of 5.3% [1] - Profit attributable to shareholders was approximately HKD 196 million, showing a year-on-year growth of 6.37% [1] - Basic earnings per share were HKD 0.0273, with an interim dividend of HKD 0.0055 per share [1]

Core Viewpoint - Emperor Watch and Jewellery (00887) announced a mid-term dividend of HKD 0.0055 per share, to be distributed on September 17, 2025 [1] Company Summary - The company is set to distribute a mid-term dividend, indicating a commitment to returning value to shareholders [1]

Core Viewpoint - The company reported a positive growth in its mid-term performance for 2025, indicating a stable financial trajectory in the luxury goods sector [1] Financial Performance - Total revenue reached HKD 2.794 billion, representing a year-on-year increase of 7.6% [1] - Gross profit amounted to HKD 840 million, with a year-on-year growth of 7.7% [1] - Adjusted EBITDA was HKD 297 million, reflecting a year-on-year rise of 5.3% [1] - Profit attributable to shareholders was approximately HKD 196 million, showing a year-on-year increase of 6.37% [1] - Basic earnings per share were HKD 0.0273, with an interim dividend of HKD 0.0055 per share [1]

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 | 英皇鐘錶珠寶有限公司 | | 股份代號 | 00887 | | 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2025年6月30日止6個月之中期股息 | | 公告日期 | 2025年8月20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 0.0055 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 0.0055 HKD | | 匯率 | 1 HKD : 1 ...

[Company Announcement](index=1&type=section&id=Company%20Announcement) This section contains the official interim results announcement for the six months ended June 30, 2025 [Interim Results Announcement](index=1&type=section&id=Interim%20Results%20Announcement) The Board of Directors of Emperor Watch & Jewellery Limited announces the unaudited condensed consolidated results for the six months ended June 30, 2025 - This announcement is the unaudited condensed consolidated results announcement of Emperor Watch & Jewellery Limited for the six months ended June 30, 2025[3](index=3&type=chunk) [Financial Highlights](index=1&type=section&id=Financial%20Highlights) This section summarizes the Group's key financial performance indicators for the first half of 2025 [Key Financial Indicators](index=1&type=section&id=Key%20Financial%20Indicators) The Group achieved growth in total revenue and gross profit in H1 2025, though the interim dividend saw a decline Key Financial Indicators for H1 2025 | Indicator | 2024 (HK$ million) | 2025 (HK$ million) | Change | | :--- | :--- | :--- | :--- | | Total Revenue | 2,597 | 2,794 | + 7.6% | | Gross Profit | 780 | 840 | + 7.7% | | Gross Profit Margin | 30.0% | 30.1% | + 0.1 ppt | | Adjusted EBITD | 282 | 297 | + 5.3% | | Net Profit | 185 | 194 | + 4.9% | | Basic Earnings Per Share | 2.72 HK cents | 2.73 HK cents | + 0.4% | - The Board declared an interim dividend of **HK$0.55 cents per share**, a decrease from HK$0.65 cents in 2024[7](index=7&type=chunk) [Business Review](index=2&type=section&id=Business%20Review) This section provides a comprehensive overview of the Group's operational performance, strategies, and future outlook [Overall Performance](index=2&type=section&id=Overall%20Performance) The Group's revenue and profit grew in H1 2025, driven by sales in Hong Kong and Mainland China and a strong jewellery segment Revenue by Region and Product Segment for H1 2025 | Category | 2024 (HK$ million) | 2025 (HK$ million) | Change | Share of Total Revenue (2025) | | :--- | :--- | :--- | :--- | :--- | | **Total Revenue** | 2,597 | 2,794 | + 7.6% | 100% | | **By Region** | | | | | | Hong Kong | 1,465 | 1,594 | + 8.8% | 57.1% | | Mainland China | 665 | 723 | + 8.7% | 25.9% | | **By Product Segment** | | | | | | Watch | 1,632 | 1,700 | + 4.2% | 60.8% | | Jewellery | 965 | 1,094 | + 13.4% | 39.2% | | *Of which gold products accounted for jewellery segment revenue* | | | | 75.2% | - The Group's gross profit margin remained resilient, slightly increasing to **30.1%** in 2025 from 30.0% in 2024[7](index=7&type=chunk) [Business Overview](index=2&type=section&id=Business%20Overview) Emperor Watch & Jewellery is a leading retailer of European watches and "Emperor Jewellery" branded products with an extensive network across Asia - The Group's core strategy is to maintain its leading position as a watch and jewellery retailer in Greater China while expanding its business beyond the region[8](index=8&type=chunk) [Jewellery Business Expansion Strategy](index=2&type=section&id=Jewellery%20Business%20Expansion%20Strategy) The Group plans a major expansion in Mainland China by opening 600 new jewellery stores over five years through a strategic partnership - The Group has partnered with Mr Chan Sai Cheong to establish a roadmap for store expansion in Mainland China, initially targeting the opening of **600 stores** in phases over the next five years[9](index=9&type=chunk) - Product development plans include launching themed gold jewellery series, creating uniquely designed light luxury products, and engaging in IP collaborations to appeal to "Millennial" and "Gen Z" consumers[10](index=10&type=chunk) - The Group plans to strengthen its presence on platforms like Xiaohongshu, Douyin, and WeChat Mini Programs, leveraging an O2O sales model and e-commerce live streaming to enhance brand awareness and sales[10](index=10&type=chunk) [Leadership in Watch Business](index=3&type=section&id=Leadership%20in%20Watch%20Business) The Group maintains a leading position in the watch market, particularly in Hong Kong, through strong relationships with luxury Swiss brands - The Group maintains solid relationships with major luxury Swiss watch brand suppliers and holds a comprehensive portfolio of watch distributorships, maintaining a leading position especially in Hong Kong[11](index=11&type=chunk) - The official website highlights brands such as Patek Philippe, Rolex, Tudor, and Cartier, and the Group will continue to seek opportunities to collaborate with other watch brands[11](index=11&type=chunk) [Retail Network Layout](index=3&type=section&id=Retail%20Network%20Layout) As of June 30, 2025, the Group operated 73 stores across Asia, expanding its footprint with new flagship and specialty stores Store Distribution as of June 30, 2025 | Region | Number of Stores | | :--- | :--- | | Hong Kong | 30 | | Macau | 8 | | Mainland China | 26 | | Singapore | 8 | | Malaysia | 1 | | **Total** | **73** | - During the period, the Group opened two new jewellery stores in Hong Kong and Macau, a Patek Philippe flagship store in Hong Kong, and a Tudor watch specialty store in Chongqing, Mainland China[13](index=13&type=chunk) [Future Outlook](index=4&type=section&id=Future%20Outlook) The Group anticipates retail market recovery driven by tourism and favorable policies, capitalizing on gold demand and strategic expansion in China - The anticipated rebound of the Japanese Yen, the resumption of the "multiple-entry" Individual Visit Scheme for Shenzhen residents, and the Hong Kong government's tourism blueprint are expected to drive growth in the overall retail market[14](index=14&type=chunk) - Gold jewellery as an alternative investment will continue to be popular among Chinese consumers, and the strategic partnership with Mr Chan will create valuable opportunities for jewellery business expansion in Mainland China[14](index=14&type=chunk) - The Group will adopt a diversified market segmentation strategy to effectively expand its retail network and capture the vast business opportunities in the Mainland China market[14](index=14&type=chunk) [Financial and Other Information](index=4&type=section&id=Financial%20and%20Other%20Information) This section details the Group's capital structure, liquidity, and other significant corporate activities during the period [Capital Structure and Liquidity](index=4&type=section&id=Capital%20Structure%20and%20Liquidity) The Group maintained a strong net cash position with zero bank borrowings and ample working capital as of June 30, 2025 Capital Structure and Liquidity as of June 30, 2025 | Indicator | Dec 31, 2024 (HK$ million) | Jun 30, 2025 (HK$ million) | Change | | :--- | :--- | :--- | :--- | | Bank Balances and Cash on Hand | 950 | 1,508 | + 58.7% | | Bank Borrowings | 0 | 0 | - | | Net Gearing Ratio | 0 | 0 | - | | Current Assets | 4,072 | 4,586 | + 12.6% | | Current Liabilities | 531 | 569 | + 7.2% | | Current Ratio | 7.7 | 8.1 | + 0.4 | | Quick Ratio | 2.0 | 2.8 | + 0.8 | - The Group has sufficient working capital to meet its operational and future development plans[15](index=15&type=chunk) [Share Placement](index=5&type=section&id=Share%20Placement) The Group raised approximately HK$79 million in net proceeds from a successful share placement to fund retail network expansion - The Group successfully placed **477,250,000 shares**, raising net proceeds of approximately **HK$79,000,000**[16](index=16&type=chunk) - The proceeds from the placement have been fully utilized for expanding the Group's retail network and for general working capital[16](index=16&type=chunk) [Property Acquisition](index=5&type=section&id=Property%20Acquisition) The Group acquired a property in Tsim Sha Tsui, Hong Kong for approximately HK$80 million to establish a luxury watch flagship store - The Group acquired space and advertising spots at 4-8 Canton Road, Tsim Sha Tsui, Kowloon, Hong Kong for approximately **HK$80,000,000** to serve as a mega flagship store for a luxury watch brand[17](index=17&type=chunk) - The relevant resolutions were passed at a special general meeting, and the transaction is scheduled for completion in August 2025 as planned[17](index=17&type=chunk) [Establishment of Joint Venture](index=5&type=section&id=Establishment%20of%20Joint%20Venture) The Group entered into a joint venture agreement to design, produce, and sell "Emperor Jewellery" products in Mainland China - The Group entered into a joint venture agreement with an independent third party to establish a joint venture company primarily engaged in the design, production, and sale of precious metal and jewellery products under the "Emperor Jewellery" brand in Mainland China[18](index=18&type=chunk) [Employees and Remuneration](index=5&type=section&id=Employees%20and%20Remuneration) As of June 30, 2025, the Group employed 738 staff with total staff costs amounting to HK$200 million Employee Headcount and Costs as of June 30, 2025 | Category | 2024 | June 30, 2025 | | :--- | :--- | :--- | | Sales Staff | 708 | 567 | | Office Staff | 225 | 171 | | **Total Staff Costs** | **HK$185,000,000** | **HK$200,000,000** | - Employee remuneration is determined based on individual responsibilities, capabilities, experience, performance, and market salary levels, with competitive benefits such as medical and life insurance and retirement plans provided[19](index=19&type=chunk) [Dividend Policy](index=6&type=section&id=Dividend%20Policy) The Board declared an interim dividend of HK$0.55 cents per share for the fiscal year ending December 31, 2025 Interim Dividend Declaration | Year | Dividend per Share (HK cents) | Total Amount (HK$ '000) | | :--- | :--- | :--- | | 2025 | 0.55 | 39,912 | | 2024 | 0.65 | 44,066 | - The interim dividend will be paid on September 17, 2025, to shareholders on the register as of September 5, 2025[20](index=20&type=chunk) - To determine eligibility for the interim dividend, the register of members will be closed from September 4, 2025, to September 5, 2025[21](index=21&type=chunk) [Condensed Consolidated Financial Statements](index=7&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents the Group's unaudited financial statements for the interim period [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) This statement details the Group's revenue, costs, expenses, and profit for the six months ended June 30, 2025 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (For the 6 months ended June 30, 2025) | Item | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Revenue | 2,793,641 | 2,597,314 | | Cost of sales | (1,953,291) | (1,817,119) | | Gross profit | 840,350 | 780,195 | | Other income | 14,792 | 13,446 | | Selling and distribution expenses | (502,855) | (478,089) | | Administrative expenses | (86,642) | (74,247) | | Other gains or losses | (14,388) | (5,733) | | Finance costs | (10,466) | (12,258) | | Profit before tax | 240,791 | 223,314 | | Tax | (46,469) | (38,606) | | Profit for the period | 194,322 | 184,708 | | Exchange differences on translation of foreign operations | 17,400 | (6,520) | | Total comprehensive income for the period | 211,722 | 178,188 | | Profit for the period attributable to owners of the Company | 196,474 | 184,708 | | Profit for the period attributable to non-controlling interests | (2,152) | – | | Total comprehensive income for the period attributable to owners of the Company | 213,332 | 178,188 | | Total comprehensive income for the period attributable to non-controlling interests | (1,610) | – | | Basic earnings per share | 2.73 HK cents | 2.72 HK cents | [Condensed Consolidated Statement of Financial Position](index=8&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) This statement presents the Group's assets, liabilities, and net equity as of June 30, 2025, and December 31, 2024 Condensed Consolidated Statement of Financial Position (As at June 30, 2025) | Item | Jun 30, 2025 (HK$ '000) | Dec 31, 2024 (HK$ '000) | | :--- | :--- | :--- | | **Non-current Assets** | | | | Property, plant and equipment | 1,336,276 | 1,383,443 | | Right-of-use assets | 381,796 | 374,882 | | Rental deposits | 94,270 | 97,382 | | Deposits paid for acquisition of property, plant and equipment | 31,261 | 9,736 | | Deferred tax assets | 5,094 | 5,094 | | **Total Non-current Assets** | **1,848,697** | **1,870,537** | | **Current Assets** | | | | Inventories | 2,986,732 | 3,003,428 | | Right-of-return assets | 1,289 | 1,289 | | Receivables, deposits and prepayments | 89,537 | 116,704 | | Amounts due from related companies | 430 | 578 | | Time deposits with original maturity over three months | 396,505 | 33,459 | | Cash and cash equivalents | 1,111,708 | 916,360 | | **Total Current Assets** | **4,586,201** | **4,071,818** | | **Current Liabilities** | | | | Payables and accrued charges | 201,567 | 202,375 | | Lease liabilities | 217,675 | 216,477 | | Contract liabilities | 39,674 | 30,193 | | Refund liabilities | 2,267 | 2,267 | | Amounts due to related companies | 9,181 | 15,186 | | Tax payable | 98,963 | 64,690 | | **Total Current Liabilities** | **569,327** | **531,188** | | **Net Current Assets** | **4,016,874** | **3,540,630** | | **Non-current Liabilities** | | | | Deferred tax liabilities | 1,281 | 1,221 | | Lease liabilities | 198,474 | 195,856 | | **Total Non-current Liabilities** | **199,755** | **197,077** | | **Net Assets** | **5,665,816** | **5,214,090** | | **Capital and Reserves** | | | | Share capital | 3,563,493 | 3,484,152 | | Reserves | 1,825,920 | 1,729,938 | | Equity attributable to owners of the Company | 5,389,413 | 5,214,090 | | Non-controlling interests | 276,403 | – | | **Total Equity** | **5,665,816** | **5,214,090** | [Notes to the Financial Statements](index=10&type=section&id=Notes%20to%20the%20Financial%20Statements) This section provides detailed explanations of the accounting policies and specific items in the financial statements [Basis of Preparation and Accounting Policies](index=10&type=section&id=Basis%20of%20Preparation%20and%20Accounting%20Policies) The financial statements are prepared under HKAS 34, consistent with prior year policies, with no material impact from new accounting standards - The unaudited condensed consolidated financial statements have been prepared in accordance with the applicable disclosure requirements of Hong Kong Accounting Standard 34 and Appendix 16 of the Listing Rules[25](index=25&type=chunk) - The application of amendments to Hong Kong Financial Reporting Standards during the interim period has not had a material effect on the financial position and performance of the Group for the current and prior periods[27](index=27&type=chunk) [Revenue and Segment Information](index=11&type=section&id=Revenue%20and%20Segment%20Information) Revenue is primarily from retail sales, with Hong Kong remaining the largest contributor to both revenue and segment profit in H1 2025 - Revenue represents income from the sale of products to retail customers and commission income from services provided, all of which is recognised at a point in time[28](index=28&type=chunk)[29](index=29&type=chunk)[30](index=30&type=chunk) Revenue and Segment Profit by Region for H1 2025 | Region | 2025 Revenue (HK$ '000) | 2024 Revenue (HK$ '000) | 2025 Segment Profit (HK$ '000) | 2024 Segment Profit (HK$ '000) | | :--- | :--- | :--- | :--- | :--- | | Hong Kong | 1,690,942 | 1,641,992 | 215,206 | 167,526 | | Macau | 194,454 | 171,580 | 31,505 | 23,282 | | China | 723,002 | 665,038 | 83,807 | 103,624 | | Other APAC | 309,673 | 307,638 | 52,640 | 53,714 | | **Consolidated Total** | **2,793,641** | **2,597,314** | **383,158** | **348,146** | [Analysis of Items in Profit Before Tax](index=14&type=section&id=Analysis%20of%20Items%20in%20Profit%20Before%20Tax) Profit before tax is detailed after deducting costs such as inventory, depreciation, and employee expenses Items Deducted from (Credited to) Profit Before Tax (For the 6 months ended June 30, 2025) | Item | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Cost of inventories included in cost of sales | 1,947,872 | 1,812,224 | | Depreciation of property, plant and equipment | 74,911 | 68,170 | | Depreciation of right-of-use assets | 133,145 | 135,395 | | Staff costs, including directors' remuneration | 200,297 | 184,969 | | Loss on disposal/write-off of property, plant and equipment | 6,902 | 1,182 | | Loss/(gain) on termination/modification of leases | 3,944 | (261) | | Net foreign exchange loss | 3,542 | 4,812 | [Tax Expense](index=15&type=section&id=Tax%20Expense) Total tax expense for the period was HK$46.5 million, primarily comprising profits tax from various jurisdictions in Asia Tax Expense (For the 6 months ended June 30, 2025) | Item | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Hong Kong Profits Tax | 25,681 | 16,325 | | Macau Complementary Tax | 4,243 | 4,109 | | China Enterprise Income Tax | 8,823 | 9,755 | | Other APAC Income Tax | 7,722 | 8,287 | | Deferred tax | – | 130 | | **Total** | **46,469** | **38,606** | - Hong Kong Profits Tax is calculated at 16.5% of the estimated assessable profit, Macau Complementary Tax at 12%, China subsidiaries at 25%, and Singapore income tax at 17%[34](index=34&type=chunk)[35](index=35&type=chunk)[36](index=36&type=chunk)[37](index=37&type=chunk) [Dividends](index=16&type=section&id=Dividends) An interim dividend of HK$0.55 cents per share was declared for H1 2025, totaling approximately HK$39.9 million Dividends Declared and Paid (For the 6 months ended June 30, 2025) | Item | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Interim dividend declared: HK$0.55 cents per share (2024: HK$0.65 cents) | 39,912 | 44,066 | | 2024 final dividend paid: HK$0.45 cents per share (2023: HK$0.56 cents) | 32,655 | 37,965 | [Earnings Per Share](index=16&type=section&id=Earnings%20Per%20Share) Basic earnings per share slightly increased to HK$2.73 cents, with no diluted EPS presented due to the absence of potential dilutive shares Calculation of Basic Earnings Per Share (For the 6 months ended June 30, 2025) | Item | 2025 (HK$ '000) | 2024 (HK$ '000) | | :--- | :--- | :--- | | Profit for the period attributable to owners of the Company for basic EPS calculation | 196,474 | 184,708 | | Number of ordinary shares for basic EPS calculation | 7,256,708,129 | 6,779,458,129 | | **Basic Earnings Per Share** | **2.73 HK cents** | **2.72 HK cents** | - No diluted earnings per share was presented for both periods as there were no potential dilutive ordinary shares in issue during both periods[42](index=42&type=chunk) [Receivables, Deposits and Prepayments](index=17&type=section&id=Receivables,%20Deposits%20and%20Prepayments) Trade receivables decreased as of June 30, 2025, with the majority of balances aged within 30 days Analysis of Receivables, Deposits and Prepayments (As at June 30, 2025) | Item | Jun 30, 2025 (HK$ '000) | Dec 31, 2024 (HK$ '000) | | :--- | :--- | :--- | | Trade receivables from contracts with customers (net) | 22,455 | 45,654 | | Other receivables, deposits and prepayments | 79,959 | 77,339 | | Rental deposits | 94,270 | 97,382 | | Recoverable VAT in China | 15,208 | 3,447 | | Recoverable GST in Singapore | 3,176 | – | | **Total** | **215,068** | **223,822** | | **Of which current portion** | **89,537** | **116,704** | Ageing Analysis of Trade Receivables (As at June 30, 2025) | Ageing | Jun 30, 2025 (HK$ '000) | Dec 31, 2024 (HK$ '000) | | :--- | :--- | :--- | | Within 30 days | 22,314 | 44,540 | | 31 to 60 days | 31 | 1,105 | | 61 to 90 days | 43 | – | | Over 90 days | 591 | 525 | | **Total** | **22,979** | **46,170** | [Payables and Accrued Charges](index=19&type=section&id=Payables%20and%20Accrued%20Charges) Total payables and accrued charges remained stable, with most trade payables aged within 30 days Analysis of Payables and Accrued Charges (As at June 30, 2025) | Item | Jun 30, 2025 (HK$ '000) | Dec 31, 2024 (HK$ '000) | | :--- | :--- | :--- | | Trade payables | 73,070 | 64,582 | | Other payables and accrued charges | 127,545 | 134,295 | | VAT payable in China | 952 | 2,772 | | GST payable in Singapore | – | 726 | | **Total** | **201,567** | **202,375** | - Other payables and accrued charges include accumulated bonuses and incentives of HK$13,078,000, accrued commission of HK$7,981,000, and accrued renovation costs of HK$30,332,000[46](index=46&type=chunk) Ageing Analysis of Trade Payables (As at June 30, 2025) | Ageing | Jun 30, 2025 (HK$ '000) | Dec 31, 2024 (HK$ '000) | | :--- | :--- | :--- | | Within 30 days | 71,179 | 64,131 | | 31 to 60 days | 793 | 69 | | 61 to 90 days | 333 | 230 | | Over 90 days | 765 | 152 | | **Total** | **73,070** | **64,582** | [Corporate Governance and Other Information](index=20&type=section&id=Corporate%20Governance%20and%20Other%20Information) This section covers the Group's corporate governance practices and other statutory disclosures [Review of Interim Results](index=20&type=section&id=Review%20of%20Interim%20Results) The Group's condensed consolidated financial statements for the period have been reviewed by the Audit Committee - The Group's condensed consolidated financial statements for the period have not been reviewed or audited by the Company's auditor, but have been reviewed by the Company's Audit Committee[48](index=48&type=chunk) [Compliance with Corporate Governance Code](index=20&type=section&id=Compliance%20with%20Corporate%20Governance%20Code) The Company has complied with all code provisions of the Corporate Governance Code throughout the period - The Company has complied with all code provisions of the Corporate Governance Code as set out in Appendix C1 to the Listing Rules during the period[49](index=49&type=chunk) [Model Code for Securities Transactions](index=20&type=section&id=Model%20Code%20for%20Securities%20Transactions) The Company has adopted its own code for securities transactions by directors, with full compliance confirmed for the period - The Company has adopted its own code of conduct regarding securities transactions by directors on terms no less exacting than the required standard set out in the Model Code in Appendix C3 to the Listing Rules[50](index=50&type=chunk) - Upon specific enquiry of the directors, all directors confirmed that they have complied with the required standard of dealings set out in the Emperor Watch & Jewellery Securities Code throughout the period[50](index=50&type=chunk) [Dealings in Listed Securities](index=20&type=section&id=Dealings%20in%20Listed%20Securities) Neither the Company nor its subsidiaries purchased, sold, or redeemed any of the Company's listed securities during the period - During the period, neither the Company nor any of its subsidiaries purchased, sold or redeemed any of the Company's listed securities[51](index=51&type=chunk) [Publication of Announcement](index=20&type=section&id=Publication%20of%20Announcement) This interim results announcement is available on the websites of the HKEX and the Company - This interim results announcement is published on the website of the Stock Exchange (https://www.hkexnews.hk) and the Company's website (https://www.EmperorWatchJewellery.com)[52](index=52&type=chunk) [Board of Directors](index=21&type=section&id=Board%20of%20Directors) The Board of Directors comprises three Executive Directors and three Independent Non-executive Directors as of the announcement date Board of Directors | Position | Name | | :--- | :--- | | Executive Director | Ms Yeung Nok Sze | | Executive Director | Mr Leong Ho Cheong | | Executive Director | Ms Fan Man Seung | | Independent Non-executive Director | Mr Liu Hing Hung | | Independent Non-executive Director | Mr Lo Ka Ming | | Independent Non-executive Director | Ms Lai Ka Fung |

Group 1 - The core point of the article highlights a significant drop in the stock price of Emperor Watch and Jewellery, which fell by 6.58% to HKD 0.355 per share, with a trading volume of HKD 14.70 million as of August 15 [1] - Emperor Watch and Jewellery primarily engages in the sales of watches and jewelry, including European brand watches and its own brand, Emperor Jewellery. The company operates retail stores in Hong Kong, Macau, mainland China, Singapore, and Malaysia, and also sells through online shopping platforms [1] - As of the 2024 annual report, Emperor Watch and Jewellery reported total revenue of HKD 4.843 billion and a net profit of HKD 238 million [2] Group 2 - Emperor Watch and Jewellery is scheduled to disclose its interim report for the fiscal year 2025 on August 20 [3]

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分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。 英皇鐘錶珠寶有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於 2025 年 8 月 20 日（星期三）舉行董事會會議，藉以（其中包括）批准刊發本公司及其附 屬公司截至 2025 年 6 月 30 日止六個月之中期業績公告，以及考慮會否派發中期股息。 （於香港註冊成立之有限公司） （股份代號：887） 董事會會議日期 於本公告日期，董事會成員為： | 執行董事： | 楊諾思女士 | | --- | --- | | | 梁浩昌先生 | | | 范敏嫦女士 | | 獨立非執行董事： | 廖慶雄先生 | | --- | --- | | | 羅家明先生 | | | 黎家鳳女士 | 承董事會命 英皇鐘錶珠寶有限公司 公司秘書 馮佩玲 香港，2025年8月8日 ...