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: 阿爾法企業控股有限公司 呈交日期: 2026年2月5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) | 00948 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000,000 | USD | | 0.001 | USD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 100,000,000,000 | USD | | 0.001 | USD | | 100,000,000 | 本 ...

30. Sell 2025 DATE: HANGZHOU MINGANDI E-COMMERCE CO., LTD. (杭州明安迪电子商务有限公司) (as Vendor) and STLET INTERNATIONAL GROUP LIMITED (as Purchaser) AGREEMENT FOR SALE AND PURCHASE OF SALE INTEREST AND SALE LOAN For and on behalf of STLET INTERNATION | | ANTILE AND THE COLLECT AND THE CONTRACT AND THE CONTRACT AND THE CONTRACT THE CONTRACT THE CONTRACT THE CONTRACT THE CONTRACT THE CONSTITUTION OF CONSTITUTION OF THE CONSTITU | | --- | --- | | Clause | Heading Page | | | Interpretation . | | 2. | Sale and purchase o ...

Alpha Professional Holdings Limited 阿爾法企業控股有限公 司* (Incorporated in Bermuda with limited liability) （於百慕達註冊成立的有限公司） (Stock Code 股份代號: 948) 23 January 2026 Dear Non-registered Shareholder(s) (Note 1) , Notification of Publication of the Circular dated 23 January 2026 (the "Current Corporate Communication") 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") and the bye-laws of Alpha Professional Holding ...

Alpha Professional Holdings Limited 阿爾法企業控股有限公 司* (Incorporated in Bermuda with limited liability) (Stock Code 股份代號: 948) （於百慕達註冊成立的有限公司） Please also note that you are entitled to change your choice of language and/or means of receipt of the future Corporate Communication(s) by giving reasonable notice in writing (not less than 7 days) or simply completing, signing and returning the change request form printed overleaf (the "Change Request Form") to the Share Registrar, using the mailing label at the bottom ...

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通函的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本通函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。 此乃要件 請即處理 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下之股票經紀或其他註冊證券交易 商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已出售或轉讓名下全部Alpha Professional Holdings Limited 阿爾法企業控股有限公司*股份，應 立即將本通函送交買主或承讓人或經手買賣或轉讓之銀行、股票經紀或其他代理商，以便轉交買主或 承讓人。 Alpha Professional Holdings Limited 阿爾法企業控股有限公 司 * （股份代號：948） （於百慕達註冊成立的有限公司） 有關出售目標公司 70%經濟利益 之主要交易 除文義另有所指外，本封面所用詞彙與本通函內所界定者具有相同涵義。 董事會函件載於本通函第6至14頁。 本通函寄發予股東僅供參考用途，並已根據上市規則第14.44條取得股東之股東書面批准，以代替本公 司舉行股東大會。 二零二 ...

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: 阿爾法企業控股有限公司 呈交日期: 2026年1月5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) | 00948 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 100,000,000,000 | USD | | 0.001 | USD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 100,000,000,000 | USD | | 0.001 | USD | | 100,000,000 | ...

Alpha Professional Holdings Limited 阿爾法企業控股有限公 司* (Incorporated in Bermuda with limited liability) （於百慕達註冊成立的有限公司） (Stock Code 股份代號: 948) 24 December 2025 Dear Non-registered Shareholder(s) (Note 1) , Notification of Publication of 2025 Interim Report (the "Current Corporate Communication") 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") and the bye-laws of Alpha Professional Holdings Limited (the ...

Alpha Professional Holdings Limited 阿爾法企業控股有限公 司* (Incorporated in Bermuda with limited liability) (Stock Code 股份代號: 948) （於百慕達註冊成立的有限公司） Dear Registered Shareholder(s), Notification of Publication of 2025 Interim Report (the "Current Corporate Communication") We, Alpha Professional Holdings Limited (the "Company"), hereby notify you that both English and Chinese versions of the Current Corporate Communication is available on the Company's website at www.hk-alpha.com and the website of The Stock Exchange of ...

Revenue and Profitability - Revenue for the six months ended September 30, 2025, was HK$20,343,000, representing a 19.5% increase from HK$16,980,000 in the same period of 2024[10] - Gross profit decreased to HK$2,137,000, down 22.2% from HK$2,746,000 year-over-year[10] - Loss from operations for the period was HK$19,750,000, an improvement from a loss of HK$23,547,000 in the previous year[10] - Loss before taxation was HK$23,049,000, compared to a loss of HK$25,129,000 in the prior period, indicating a reduction in losses[10] - Total comprehensive loss for the period was HK$29,624,000, compared to HK$21,243,000 in the same period last year, reflecting increased losses[10] - For the six months ended September 30, 2025, the loss attributable to owners of the company was HK$22,798,000, a decrease from HK$24,573,000 in the same period of 2024, representing a 7.2% improvement[12] - The total comprehensive loss for the period attributable to owners of the company was HK$29,378,000, compared to HK$20,971,000 in the previous year, indicating a 40.5% increase in losses[12] - Basic loss per share from continuing operations was HK$6.5, slightly improved from HK$7.1 in the prior year[12] Expenses and Cost Management - Selling and distribution costs decreased to HK$3,931,000 from HK$5,692,000, showing a reduction in expenses[10] - Administrative expenses were reduced to HK$10,360,000 from HK$19,517,000, highlighting cost-cutting measures[10] - The company continues to focus on improving operational efficiency and reducing costs in response to market conditions[10] Financial Position and Assets - Non-current assets decreased significantly from HK$123,240,000 as of March 31, 2025, to HK$37,047,000 as of September 30, 2025, reflecting a 69.9% decline[14] - Current liabilities increased sharply from HK$199,510,000 to HK$226,408,000, marking a 13.5% rise[14] - The company reported net current liabilities of HK$126,060,000, an improvement from HK$173,173,000 in the previous period, indicating a 27.2% reduction[14] - The company's cash and cash equivalents increased to HK$11,919,000 from HK$10,701,000, showing an increase of 11.4%[14] - The total assets classified as held for sale amounted to HK$76,230,000 as of September 30, 2025, compared to nil in the previous period[14] - The company's share capital decreased significantly from HK$435,252,000 to HK$2,720,000, indicating a substantial reduction in equity[14] - The capital deficiency increased to HK$94,321,000 from HK$65,134,000, reflecting a worsening financial position[14] Cash Flow and Liquidity - Net cash used in operating activities for the six months ended September 30, 2025, was HK$673,000, compared to HK$1,136,000 in the same period of 2024, indicating a reduction in cash outflow[19] - The company reported a decrease in trade and other receivables by HK$1,162,000 for the six months ended September 30, 2025, compared to an increase of HK$32,326,000 in 2024[19] - The Group's cash and bank balances as stated in the condensed consolidated statement of financial position were HK$11,919,000[1] - The Group is undertaking plans to improve liquidity and financial position, including seeking legal opinions regarding potential cash flow impacts[35] Discontinued Operations - The business of property investment was discontinued in the current period, focusing on milk products and services[25] - For the six months ended September 30, 2025, the company reported a loss of HK$161,000 from discontinued operations, compared to a profit of HK$459,000 in the same period of 2024[112] - The total revenue from discontinued operations was HK$0 for the six months ended September 30, 2025, with other net gains and losses amounting to a loss of HK$44,000[110] Segment Performance - Revenue from the Milk Products Business for the six months ended 30 September 2025 was HK$6,217,000, while the Services Business generated HK$14,126,000, totaling HK$20,343,000[78] - The adjusted EBITDA for the Milk Products Business was a loss of HK$11,098,000, while the Services Business reported a profit of HK$7,850,000, resulting in a consolidated adjusted EBITDA loss of HK$3,248,000[78] - The reportable segment loss (adjusted EBITDA) for the milk products business was HK$18,065,000, while the services business reported a profit of HK$764,000, resulting in a total adjusted EBITDA loss of HK$17,301,000[83] Financial Liabilities and Borrowings - The Group's financial liabilities measured at amortized cost total HK$37,918,000 as of September 30, 2025, up from HK$36,917,000 as of March 31, 2025[180] - Other borrowings increased from HK$41,081,000 on March 31, 2025, to HK$47,651,000 on September 30, 2025, reflecting a rise of 15.5%[187] - The group has secured its borrowings with debentures and mortgages over its properties and assets[188] Legal and Arbitration Matters - The arbitration notices filed by The Infant Food Company Pty Limited claim outstanding trade payables of approximately AUD5,653,000 and losses and damages of AUD34,200,000[197] - The Arbitration Awards mandated Willis Trading and Alice Trading to settle trade payables of approximately AUD5,653,000 and additional losses and damages of approximately AUD24,636,000 (equivalent to HK$125,220,000)[198][199] Asset Valuation and Impairment - The fair value of the investment property located in Australia was revalued to HK$43,518,000 as of September 30, 2025, using Level 3 inputs[145] - The investment property was sold for AUD 9,100,000, with the sale expected to be completed within eight weeks of the contract date[138] - The company has not recognized any impairment losses against the carrying amount of goodwill for the current period[164]

Core Viewpoint - Alpha Enterprises (00948) has shown a revenue increase of 19.8% year-on-year, despite reporting a loss for the period ending September 30, 2025 [1] Group 1: Shareholder Activity - On December 8, shareholders of Alpha Enterprises deposited shares into Everbright Securities Investment Services Hong Kong, with a market value of 7.14 million HKD, representing 7.42% of the total [1] Group 2: Financial Performance - For the six months ending September 30, 2025, Alpha Enterprises reported a revenue of 20.34 million HKD, which is an increase of 19.8% compared to the previous year [1] - The company recorded a loss attributable to shareholders of 22.798 million HKD, which is a reduction of 7.22% year-on-year [1] - The loss per share was reported at 0.065 HKD [1]