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1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: 順騰國際(控股)有限公司 呈交日期: 2026年2月2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) | 00932 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.0025 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.0025 | HKD | | 10,000,000 | 本月底法 ...

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12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: 順騰國際(控股)有限公司 呈交日期: 2026年1月2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) | 00932 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.0025 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.0025 | HKD | | 10,000,000 | 本月底 ...

Shunten International (Holdings) Limited 順騰國際（控股）有限公司 NOTIFICATION LETTER 通知信函 22 December 2025 Dear Non-Registered Holder(s) (Note 1) , Shunten International (Holdings) Limited (the "Company") — Notice of publication of 2025/2026 Interim Report (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.shunten.com.hk and the website of The Stock Exchange of Hong Kong Limited at www.hkexnews.hk r ...

Shunten International (Holdings) Limited 順騰國際（控股）有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code: 932) （股份代號：932） NOTIFICATION LETTER 通知信函 22 December 2025 Dear Registered Shareholders, Shunten International (Holdings) Limited (the "Company") — Notice of publication of 2025/2026 Interim Report (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 ...

Financial Performance - For the six months ended September 30, 2025, the company reported total revenue of HKD 102,096,000, a slight decrease of approximately 0.9% compared to HKD 102,996,000 for the same period last year[6]. - The gross profit for the same period was HKD 77,277,000, resulting in a gross margin of 75.7%, down from 77.3% in the previous year[6]. - The company recorded a loss attributable to shareholders of HKD 12,567,000, compared to a loss of HKD 4,261,000 in the prior year[6]. - Adjusted net loss for the period was HKD 6,267,000, a significant decline from an adjusted net profit of HKD 2,739,000 in the same period last year[7]. - Total comprehensive loss for the period was HKD 12,530,000, compared to HKD 4,206,000 in 2024, reflecting a worsening financial position[48]. - Basic and diluted loss per share for the six months was HKD 0.40, compared to HKD 0.14 in the previous year, indicating a decline in shareholder value[48]. - The company reported a loss before tax of HKD 11,627,000, compared to a loss of HKD 2,893,000 in the previous year, indicating a significant increase in losses[46]. - The company incurred a loss of HKD 12,567,000 during the period, compared to a loss of HKD 4,261,000 in the previous year, indicating a significant increase in losses[51]. Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 10,975,000 as of September 30, 2025, compared to HKD 5,532,000 as of March 31, 2025[6]. - Operating cash flow before changes in working capital was HKD 3,031,000, a decrease of 76.24% from HKD 12,767,000 in the prior year[52]. - The net cash generated from operating activities was HKD 5,400,000, down from HKD 16,927,000, reflecting a decline of 68.16%[52]. - The company's net current liabilities improved to HKD (51,389,000) from HKD (75,441,000), indicating better short-term financial health[50]. - Current assets increased to HKD 101,525,000 from HKD 70,116,000, indicating improved liquidity[50]. Market Conditions - The Hong Kong retail market showed a moderate improvement with a 2.1% increase in overall retail sales compared to the previous year, although demand for non-essential goods, including health and beauty supplements, remained weak[11]. - The property market in Hong Kong remained stable, with declining interest rates positively impacting the residential sector, while commercial and industrial properties faced significant challenges[12]. - The group anticipates challenges in the operating environment due to economic uncertainty, changing consumer behavior, and increased competition, and will maintain strict cost management policies[35]. Expenses and Costs - Sales costs increased by approximately 6.4% to about HKD 24,800,000, attributed to higher raw material costs for new and upgraded products[18]. - Sales and distribution expenses rose by approximately 29.6% to about HKD 29,300,000, driven by increased advertising and promotional activities for new product launches[19]. - Administrative expenses increased by approximately 4.0% to about HKD 51,800,000, mainly due to higher rent for designated counters and amortization of new software[20]. - Employee costs for the reporting period amounted to approximately HKD 38.7 million, compared to HKD 36.1 million in the same period last year[28]. Assets and Liabilities - The net asset value decreased to HKD 122,815,000 from HKD 135,345,000 over the same period[6]. - Total liabilities increased to HKD 152,914,000 from HKD 145,557,000, suggesting a rise in financial obligations[50]. - Total assets as of September 30, 2025, were HKD 280,616,000, down from HKD 288,904,000 as of March 31, 2025, reflecting a decrease of approximately 2.2%[61]. - Total liabilities increased to HKD 157,801,000 as of September 30, 2025, compared to HKD 153,559,000 as of March 31, 2025, indicating a rise of about 2.0%[62]. Strategic Initiatives - The company plans to continue monitoring market conditions and adjust strategies as necessary in response to ongoing economic uncertainties[11]. - The group aims to achieve sustainable growth through product diversification, continuous R&D for new products, and expanding both online and offline sales channels[36]. - The board did not recommend a mid-term dividend for the reporting period, consistent with the previous year[34]. Shareholder Information - A mandatory cash offer was made for a total of 766,040,033 shares, representing approximately 24.65% of the company's issued share capital, at a total consideration of HKD 18.38 million[38]. - After the completion of the cash offer, the acquirers held approximately 50.53% of the company's issued share capital[39]. - The company continues to meet the minimum public float requirement of 25% as per the Hong Kong Stock Exchange regulations[40]. - Mr. Zhang Shaohui holds 1,457,282,033 shares, representing 46.89% of the company's equity[86]. - The company has a short position of 723,242,000 shares, which is 23.27% of the total shares, lent to Hammer Capital Ventures[86]. Corporate Governance - The audit committee consists of three independent non-executive directors, overseeing financial reporting and risk management, with the interim financial statements reviewed by external auditors[100]. - The interim report was approved by the board on November 26, 2025, and includes unaudited consolidated interim results for the reporting period[101].

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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 順騰國際(控股)有限公司 呈交日期: 2025年12月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00932 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.0025 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.0025 | HKD | | 10,000,000 | 本月 ...

Core Insights - The company reported a revenue of HKD 102 million for the six months ending September 30, 2025, representing a year-on-year decrease of 0.87% [1] - The loss attributable to the company's owners for the period was HKD 12.567 million, an increase of 194.93% compared to the previous year [1] - The basic loss per share was HKD 0.4 cents [1] Revenue Analysis - The decline in revenue was primarily attributed to a decrease in the health and beauty supplements and products business [1] - The ongoing economic downturn in Hong Kong has led to cautious consumer spending, impacting sales [1]

Core Viewpoint - Shun Teng International Holdings (00932) reported a decline in revenue and an increase in loss for the six months ending September 30, 2025, primarily due to reduced consumer spending amid ongoing economic challenges in Hong Kong [1] Financial Performance - The company achieved revenue of HKD 102 million, representing a year-on-year decrease of 0.87% [1] - The loss attributable to the company's owners for the period was HKD 12.567 million, an increase of 194.93% compared to the previous year [1] - Basic loss per share was HKD 0.4 cents [1] Business Segment Analysis - The decline in revenue was mainly attributed to the health and beauty supplements and products segment, which faced reduced earnings due to cautious consumer spending resulting from the prolonged economic downturn in Hong Kong [1]

Core Viewpoint - Shun Teng International Holdings (00932.HK) reported a slight decrease in revenue and a significant increase in net loss for the six months ending September 30, 2025, indicating financial challenges faced by the company [1]. Financial Performance - The company recorded revenue of approximately HKD 102 million, a decrease of about 0.9% or approximately HKD 900,000 compared to approximately HKD 103 million in the same period last year [1]. - The overall loss attributable to shareholders was approximately HKD 12.6 million, compared to a loss of about HKD 4.3 million in the same period last year [1]. - Excluding unrealized changes in the fair value of investment properties, the company reported an adjusted net loss of approximately HKD 6.3 million, a decline from an adjusted net profit of approximately HKD 2.7 million in the same period last year [1].

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 102,096,000, a slight decrease of 0.9% compared to HKD 102,996,000 for the same period in 2024[4] - Gross profit for the period was HKD 77,277,000, down 3.0% from HKD 79,655,000 in the previous year[4] - The company reported a loss attributable to owners of HKD 12,567,000, compared to a loss of HKD 4,261,000 in the same period last year, indicating a significant increase in losses[4] - Adjusted net loss for the period was HKD 6,267,000, a decline from an adjusted profit of HKD 2,739,000 in the previous year[5] - The company reported a pre-tax loss of HKD 11,627,000 for the six months ended September 30, 2025, compared to a pre-tax loss of HKD 2,893,000 in the same period of 2024[18] - The company recorded a loss of approximately HKD 12,600,000 for the reporting period, compared to a loss of about HKD 4,300,000 in the same period last year[47] Assets and Liabilities - Total assets decreased to HKD 179,091,000 as of September 30, 2025, down from HKD 218,788,000 as of March 31, 2025[10] - Total assets as of September 30, 2025, were HKD 280,616,000, down from HKD 288,904,000 as of March 31, 2025[19] - The total liabilities increased to HKD 157,801,000 as of September 30, 2025, compared to HKD 153,559,000 as of March 31, 2025[19] - The company’s net current liabilities improved to HKD 51,389,000 from HKD 75,441,000, reflecting better short-term financial health[11] - Cash and cash equivalents increased to HKD 10,975,000 from HKD 5,532,000, indicating improved liquidity[10] - Cash and bank balances increased to approximately HKD 11,000,000 as of September 30, 2025, up from HKD 5,500,000 as of March 31, 2025[48] - Accounts receivable as of September 30, 2025, amounted to approximately HKD 23,357,000, down from HKD 23,998,000 as of March 31, 2025[26] - As of September 30, 2025, accounts payable amounted to approximately HKD 2,015,000, a decrease from HKD 3,856,000 as of March 31, 2025[29] - Total assets classified as held for sale amounted to approximately HKD 28,023,000, including investment properties and cash[28] Revenue Breakdown - Revenue from the health and beauty supplements and products business was HKD 99,419,000, down 0.8% from HKD 100,191,000 year-over-year[15] - The property investment business generated revenue of HKD 2,677,000, a decrease of 4.6% compared to HKD 2,805,000 in the previous year[15] - Revenue from health and beauty supplements decreased by approximately 0.8% to about HKD 99,400,000, primarily due to cautious consumer spending amid ongoing economic downturn in Hong Kong[39] Expenses - Employee costs increased to HKD 38,690,000 for the six months ended September 30, 2025, from HKD 36,070,000 in the previous year, reflecting a rise of 7.3%[20] - Sales and distribution expenses increased by approximately 29.6% to about HKD 29,300,000, driven by intensified advertising and promotional activities for new product launches[41] - Administrative expenses rose by approximately 4.0% to about HKD 51,800,000, primarily due to increased rent for designated counters and amortization of newly capitalized software[43] - Financing costs decreased by approximately 30.6% to about HKD 2,500,000, mainly due to a reduction in average borrowings and lower floating interest rates[45] Dividends and Shareholder Information - The company did not recommend any interim dividend for the two interim periods[23] - The company does not plan to declare an interim dividend for the reporting period, consistent with the previous year[57] - The company continues to meet the minimum public float requirement of 25% as per the Hong Kong Stock Exchange listing rules, with public shareholders holding approximately 49.47% of the issued share capital[62] Strategic Initiatives - The company successfully launched several new products during the reporting period, including "御藥堂強胃健" and "御藥堂參睡紫靈芝" to enhance its product offerings[34] - The company expanded its sales network by establishing an online store on e-commerce platforms like HKTVmall, aiming to reach a broader consumer base in Hong Kong[35] - The company is committed to sustainable growth through product diversification, continuous innovation via R&D, and expanding both offline and online sales channels[58] - The company plans to maintain strict cost management policies, implementing prudent cost control measures in procurement, advertising, logistics, and office expenses to sustain operational efficiency amid a challenging business environment[58] Acquisitions and Sales - A subsidiary, Yik Hsin Limited, was sold for HKD 28 million, with the transaction completed on October 16, 2025[59] - On September 12, 2025, the company announced the acquisition of 734,040,033 shares for a total consideration of HKD 18,384,960, representing approximately 24.65% of the company's issued share capital[60] - Following the completion of the acquisition, the acquirers held 1,516,534,033 shares, approximately 48.80% of the company's issued share capital[61] - The mandatory cash offer for all issued shares commenced on September 12, 2025, and concluded on November 4, 2025, with the acquirers owning approximately 50.53% of the company's issued share capital post-offer[61] Market Conditions - The overall retail sales in Hong Kong increased by approximately 2.1% compared to the same period last year, indicating a slight improvement in the retail market[32] - The Hong Kong retail market showed slight improvement during the reporting period, driven by the recovery of tourism and consumer activities, but geopolitical tensions and the strength of the HKD against non-USD currencies are expected to continue suppressing consumer sentiment in the short term[58] Compliance and Governance - The audit committee, composed of three independent non-executive directors, reviewed the interim financial statements for the period[69] - The interim report was approved by the board on November 26, 2025, and will be published in accordance with listing rules[70]