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。 SHAW BROTHERS HOLDINGS LIMITED 邵氏兄弟控股有限公司 (於開曼群島註冊成立之有限公司) （股份代號: 00953） 截至二零二五年六月三十日止年度 正面盈利預告 本公告乃由邵氏兄弟控股有限公司（「本公司」，連同其附屬公司合稱「本集 團」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條 及證券及期貨條例（香港法例第571章）第 XIVA部內幕消息條文（定義見上巿 規則）而作出。 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者， 根據對本集團截至二零二五年六月三十日止六個月（「本期間」）之未經審核 綜合管理賬目所作之初步審閱，預期本期間錄得收入為人民幣106,000,000元， 相較於二零二四年同期增長約734%。本集團亦預期本期間錄得淨利潤約人民幣 6,700,000元，而截至二零二四年同期則錄得淨虧損約人民幣3,300,000元。 ...

Core Viewpoint - Shaw Brothers Holdings (00953.HK) will hold a board meeting on August 25, 2025, to review and approve the interim results for the six months ending June 30, 2025, and to consider the proposal for an interim dividend distribution, if any [1] Summary by Category - **Company Announcement** - The company has scheduled a board meeting for August 25, 2025 [1] - The meeting will focus on the interim results for the period ending June 30, 2025 [1] - The board will also consider the proposal for an interim dividend distribution [1]

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。 邵氏兄弟控股有限公司 (於開曼群島註冊成立之有限公司) (股份代號: 00953) 董事會會議日期 邵氏兄弟控股有限公司(「本公司」)董事會(「董事會」)宣布，本公司將於二零二五年八月 二十五日(星期一)舉行董事會會議，並將於會上通過決議案，（其中包括）批准及發布本 公司及其附屬公司截至二零二五年六月三十日止六個月的中期業績，以及考慮派發中期股 息（如有）。 承董事會命 邵氏兄弟控股有限公司 主席 黎瑞剛 香港，二零二五年八月十三日 於本公告日期，本公司董事會成員包括： 主席及非執行董事 SHAW BROTHERS HOLDINGS LIMITED 黎瑞剛先生 執行董事 樂易玲小姐 顧炯先生 非執行董事 許濤先生， 太平紳士 獨立非執行董事 龐鴻先生 潘國興先生 司徒惠玲小姐 葛俊先生 ...

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。 SHAW BROTHERS HOLDINGS LIMITED 於本公告日期，本公司董事會成員包括： 主席及非執行董事 黎瑞剛先生 邵氏兄弟控股有限公司 (於開曼群島註冊成立之有限公司) (股份代號: 00953) 更改香港主要營業地點地址及聯絡資料 邵氏兄弟控股有限公司(「本公司」)董事會(「董事會」) 謹此宣佈，自二零二五年八月十一 日起，本公司之香港主要營業地址及聯絡資料將會更改如下： 地址：香港鰂魚涌太古坊華蘭路25號栢克大廈17樓1706室 聯絡電話：(852) 2890 1133 承董事會命 邵氏兄弟控股有限公司 主席 黎瑞剛 香港，二零二五年八月十一日 執行董事 樂易玲小姐 顧炯先生 非執行董事 許濤先生， 太平紳士 獨立非執行董事 龐鴻先生 潘國興先生 司徒惠玲小姐 葛俊先生 ...

FF301 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7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: 邵氏兄弟控股有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年8月1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) | 00953 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | 0 | | HKD | | 0 | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | 100,000,000 ...

Summary of Key Points Core Viewpoint - As of July 3, a total of 120 stocks reached their 52-week highs, indicating a strong market performance with notable leaders in the list [1]. Group 1: Top Performers - The top three stocks with the highest increase rates are: - 富誉控股 (Fuyou Holdings) at 90.76%, closing at 0.435 with a peak of 0.475 [1] - 信义能源 (Xinyi Energy) at 65.00%, closing at 1.200 with a peak of 1.980 [1] - 中国三三传媒 (China San San Media) at 42.86%, closing at 1.710 with a peak of 1.900 [1] Group 2: Additional Notable Stocks - Other notable stocks include: - ITE HOLDINGS at 34.21% increase, closing at 0.047 with a peak of 0.051 [1] - 星凯控股 (Xingkai Holdings) at 30.00%, closing at 0.480 with a peak of 0.650 [1] - 北京北辰实业股份 (Beijing Beichen Industrial) at 26.47%, closing at 0.940 with a peak of 1.290 [1] Group 3: Overall Market Trends - The overall trend shows a significant number of stocks achieving new highs, reflecting positive investor sentiment and market conditions [1].

Financial Performance - The company's revenue for the fiscal year ending December 31, 2024, was RMB 51,635,000, a decrease of 20.0% compared to RMB 64,536,000 in the previous year[10]. - The net loss attributable to the company's owners increased to RMB 5,779,000, up 99.4% from RMB 2,898,000 in the previous year[10]. - The total assets increased by 4.3% to RMB 512,559,000, while total liabilities rose by 72.0% to RMB 105,767,000[10]. - Revenue from the film, series, and non-series segment decreased by 11.0% to RMB 31,839,000, down from RMB 35,784,000[38]. - The artist and event management segment saw revenue drop from RMB 28,752,000 to RMB 19,796,000, reflecting a decline of 30.9%[31]. - Segment profit decreased by 53.6% to RMB 3,449,000, with a profit margin of 17.4%, down from 25.9% in the previous year[39]. - Annual loss increased to RMB 11,048,000 from RMB 7,717,000, with losses attributable to decreased overall revenue and increased tax expenses[48]. - Fair value loss on equity instruments recognized in other comprehensive income increased to RMB 25,809,000 from RMB 8,328,000, primarily due to changes in business models and market conditions[49]. - Other income decreased by 4.2% to RMB 13,772,000, offset by increased interest income from bank deposits due to rising interest rates[41]. - Sales costs decreased by 13.3% to RMB 29,693,000, attributed to lower distribution costs for films and artist management services[40]. Market and Industry Insights - The Hong Kong film industry saw a 6% decrease in box office revenue in 2024, highlighting the challenges faced in the overall market[17]. - The Hong Kong film box office revenue exceeded HKD 1.34 billion in 2024, a decrease of 6% from 2023, with local films outperforming Hollywood for the first time since 2004[28]. - The company is focusing on enhancing its film production capabilities and expanding its market reach through various government-supported initiatives aimed at promoting investment in the mainland and other regions[17]. - The company continues to collaborate with business partners to produce, invest in, or distribute quality content to capture opportunities in the Chinese market and the global Chinese community[22]. Artist and Event Management - The company managed approximately 50 artists, with over 50% of the revenue from artist and event management coming from the Chinese mainland in 2024[23]. - The company is actively seeking opportunities for its artists to participate in commercial activities and performances in mainland China, capitalizing on the market's potential[23]. - Revenue for the artist and event management segment decreased by 31.1% from RMB 28,752,000 to RMB 19,796,000 due to reduced live streaming income and fewer projects[39]. - The company is actively expanding collaborations with partners and investors, particularly in mainland China, to develop quality films and series[29]. Corporate Governance - The board consists of seven members, including two executive directors, two non-executive directors, and three independent non-executive directors[71]. - The company has adopted a board diversity policy since August 2013, emphasizing the importance of diverse skills, experiences, and perspectives[83]. - The company has ensured compliance with the standards for securities trading by all directors as of December 31, 2024[82]. - The board is responsible for overseeing the company's business management and ensuring alignment with shareholder interests and stakeholder considerations[90]. - The company has established specific committees, including the executive, audit, remuneration, and nomination committees, to assist in effective governance[95]. Risk Management and Compliance - The company has established an effective risk management and internal control system, with no significant risks identified during the risk assessment for the year ending December 31, 2024[107]. - The board of directors is responsible for the effectiveness of the risk management and internal control systems, which are reviewed annually, ensuring they are adequate and effective[113]. - The company has implemented a policy for handling inside information to ensure its disclosure is accurate, complete, and timely, with no significant deficiencies found in internal controls[110]. - The independent non-executive directors have reviewed the related transactions and confirmed compliance with relevant regulations[179]. Employee and Board Composition - The group had a total of 51 employees as of December 31, 2024, down from 58 employees as of December 31, 2023[64]. - The average age of the board members is 60 years, with 3 members aged 51-55, 2 aged 56-60, 1 aged 61-65, 1 aged 66-70, and 1 aged 71-75[84]. - As of December 31, 2024, the employee gender ratio (excluding directors) is 38% female and 62% male, with a goal to achieve a more balanced gender ratio in the future[87]. - The company aims to attract and retain executives by aligning compensation with industry standards and individual performance[105]. Shareholder Information - The company will maintain an open and effective investor communication policy to keep investors informed about business-related information[120]. - The annual general meeting will be held in June 2025, with notifications sent to shareholders accordingly[125]. - Shareholders can request a special general meeting if they hold at least 10% of the paid-up capital[122]. - The company has a policy to review its diversity policy regularly to ensure its effectiveness[128]. Financial Position and Reserves - The company's available distributable reserves amounted to approximately RMB 369,628,000 as of December 31, 2024[187]. - The total revenue from the group's top five customers accounted for approximately 79% of total sales, with the largest customer contributing 53%[166]. - The procurement amount from the group's top five suppliers represented about 27% of total procurement, with the largest supplier accounting for 12%[167]. - The group recorded a loss attributable to equity shareholders of RMB 5,779,000, compared to a loss of RMB 2,898,000 in the previous year[164].

Revenue Performance - Total revenue decreased by 20.0% from RMB 64,536,000 to RMB 51,635,000, primarily due to delays in project releases[3] - Revenue from the film, series, and non-series segment fell by 11.0% to RMB 31,839,000, while the artist and event management segment saw a 31.1% decline to RMB 19,796,000[3] - Total revenue for the year 2024 was RMB 51,635,000, a decrease of 20% compared to RMB 64,536,000 in 2023[17] - Revenue from film, television, and non-dramatic production was RMB 5,991,000, down 76.6% from RMB 24,508,000 in the previous year[17] - Revenue from film, television, and non-dramatic investment increased significantly to RMB 25,848,000, up 129% from RMB 11,276,000 in 2023[17] - Artist management service revenue decreased to RMB 19,381,000, down 22.5% from RMB 25,044,000 in 2023[17] - Revenue from external customers for the fiscal year ending December 31, 2024, was RMB 51,635,000, a decline of 20% from RMB 64,536,000 in the previous year[31] - Revenue from the film, series, and non-series segment decreased by 11.0% from RMB 35,784,000 to RMB 31,839,000 due to production delays and adjustments in video platform release schedules[55] - Revenue from artist and event management decreased by 31.1% from RMB 28,752,000 to RMB 19,796,000, primarily due to reduced live streaming income and fewer projects involving artists[56] Financial Losses - The company reported a loss attributable to owners of RMB 5,779,000, a 99.4% increase compared to the previous year's loss of RMB 2,898,000[3] - The group reported a total loss before tax of RMB 9,217,000 for 2024, compared to a loss of RMB 7,552,000 in 2023[22] - The total annual loss attributable to the company's owners for the fiscal year 2024 was RMB 5,779,000, compared to a loss of RMB 2,898,000 in 2023, marking an increase in losses of approximately 99%[34] - Annual loss increased from RMB 7,717,000 to RMB 11,048,000, with losses attributable to decreased overall revenue from film, series, and artist management segments[64] Asset and Liability Changes - As of December 31, 2024, total assets increased by 4.3% to RMB 512,559,000, while total liabilities surged by 72.0% to RMB 105,767,000[5] - Total assets for the group increased to RMB 512,559,000 in 2024, compared to RMB 491,534,000 in 2023[23] - Total liabilities rose to RMB 105,767,000 in 2024, up from RMB 61,484,000 in 2023[23] - Total equity attributable to owners decreased to RMB 430,508,000 in 2024 from RMB 449,214,000 in 2023[13] - Non-current assets as of December 31, 2024, totaled RMB 4,412,000, down from RMB 9,610,000 in the previous year, indicating a decrease of approximately 54%[31] - Trade receivables decreased to RMB 18,863,000 from RMB 31,410,000, a reduction of 40.2%[43] - Trade and other payables decreased to RMB 34,794,000 from RMB 39,353,000, a decline of 11.5%[44] - Contract liabilities surged by 790.9% from RMB 6,827,000 to RMB 60,819,000, mainly due to advance payments for series production and artist management[70] Comprehensive Expenses and Costs - The company experienced a significant increase in total comprehensive expenses, amounting to RMB 23,258,000 compared to RMB 7,982,000 in the previous year[10] - The company reported a total employee cost, including director remuneration, of RMB 21,289,000 for 2024, slightly down from RMB 21,837,000 in 2023, a decrease of about 2.5%[34] - Sales costs decreased by 13.3% from RMB 34,251,000 to RMB 29,693,000, attributed to lower allocation rates for film and series distribution costs[57] - Other income and losses decreased by 4.2% from RMB 14,376,000 to RMB 13,772,000, impacted by a one-time cost recovery in the previous year[58] - Selling and distribution expenses increased by 30.9% from RMB 1,456,000 to RMB 1,906,000 due to increased advertising and promotional activities related to artist and event management[59] Investment and Impairment - The fair value loss on equity instruments recognized in other comprehensive income was RMB 25,809,000, up from RMB 8,328,000 in the previous year[4] - For the fiscal year ending December 31, 2024, the impairment loss for film, series, and non-series investments was RMB 8,493,000, a decrease from RMB 9,140,000 in the previous year, representing a reduction of approximately 7.1%[25][27] - The accumulated impairment for film, series, and non-series investments increased to RMB 45,914,000 in 2024 from RMB 36,176,000 in 2023, representing an increase of approximately 27%[41] - Trade and other receivables impairment losses decreased significantly from RMB 5,518,000 to RMB 334,000, reflecting improved recoverability of long-term receivables[62] Dividends and Shareholder Information - The company did not recommend the payment of a final dividend for the year[4] - The company did not declare or propose any dividends for the fiscal years ending December 31, 2024, and 2023[36] - The board has decided not to recommend the payment of the final dividend for the year, aiming to maintain cash levels and ensure long-term financial stability[76] - The annual report will be sent to shareholders at an appropriate time and will be available on the company's website and the stock exchange's website[88] Operational Developments - The company is currently in post-production for a new series, "Law Enforcers," expected to premiere in the first half of 2025[2] - The production of the 25-episode series "The Enforcers" was completed in May 2024, with a planned release in the first half of 2025[50] - The company aims to leverage its production expertise and strategic partnerships to explore new markets, particularly in the Greater Bay Area and the global Chinese community[46] - The company is actively seeking opportunities for its artists in the Chinese mainland, reflecting the market's significant potential[52] Compliance and Governance - The company has complied with relevant laws and regulations without any significant violations during the year[80] - The audit committee reviewed the company's annual performance announcement and confirmed compliance with applicable standards and regulations[85] - There were no purchases, sales, or redemptions of the company's listed securities during the year[86] - The company has adopted the standard code for securities trading by directors and confirmed compliance by all directors during the year[87] Employee Information - The company had a total of 51 employees as of December 31, 2024, down from 58 employees the previous year[79]

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of RMB 12,746,000, a decrease of 57.6% compared to RMB 30,052,000 for the same period in 2023[9]. - The company recorded a net loss attributable to shareholders of RMB 110,000, compared to a loss of RMB 735,000 in the previous year, representing an 85.0% improvement[5]. - The net loss for the six months ended June 30, 2024, was RMB 3,254,000, compared to a net loss of RMB 1,112,000 in 2023, representing a 192.5% increase in losses[63]. - Total comprehensive income for the period was RMB 5,077,000, down 50.3% from RMB 10,220,000 in 2023[64]. - The group reported a loss before tax of RMB 3,101,000 for the six months ended June 30, 2024, compared to a loss of RMB 834,000 for the same period in 2023[74]. Revenue Breakdown - The segment revenue from films, series, and non-series dropped by 79.0% to RMB 2,269,000 from RMB 10,787,000 year-on-year[5]. - The segment revenue from artist and event management decreased by 45.6% to RMB 10,477,000 from RMB 19,265,000 year-on-year[5]. - Revenue from the film, series, and non-series segment for the six months ended June 30, 2024, was RMB 2,269,000, a decrease of 78.9% compared to RMB 10,787,000 for the same period in 2023[74]. - The revenue from artist and event management for the six months ended June 30, 2024, was RMB 10,477,000, a decrease of 45.4% compared to RMB 19,265,000 for the same period in 2023[74]. Assets and Liabilities - The company's total assets increased by 13.8% to RMB 559,421,000 from RMB 491,534,000 year-on-year[5]. - The total liabilities surged by 102.2% to RMB 124,294,000 from RMB 61,484,000 year-on-year[5]. - Current liabilities rose significantly to RMB 122,544,000 from RMB 58,474,000, indicating a 109.5% increase[65]. - The total liabilities of the film, series, and non-series segment increased to RMB 58,091,000 as of June 30, 2024, from RMB 7,394,000 as of December 31, 2023, representing an increase of 684.5%[76]. Cash Flow and Financial Position - The company's cash and bank deposits increased from RMB 306,198,000 to RMB 324,609,000, indicating a stable financial position[35]. - The net cash generated from operating activities for the six months ended June 30, 2024, was RMB 7,796 thousand, compared to a net cash outflow of RMB 20,339 thousand in the same period of 2023[67]. - The company’s investment activities resulted in a net cash outflow of RMB 83,277 thousand for the six months ended June 30, 2024, compared to a net cash inflow of RMB 3,581 thousand in the same period of 2023[67]. - The company’s financing activities resulted in a net cash outflow of RMB 1,482 thousand for the six months ended June 30, 2024, compared to RMB 1,157 thousand in the same period of 2023[67]. Operational Highlights - The company managed a total of 57 artists as of June 30, 2024, including several well-known figures[14]. - The production of a 25-episode police drama titled "The Enforcers" is underway, expected to premiere on Youku in 2025[12]. - The company plans to collaborate with Alibaba's Youku to produce a 25-episode series titled "Law Enforcers" as part of the "Hong Kong Arts Revitalization Plan"[8]. - The company anticipates a rebound in the film industry due to eased pandemic restrictions and government support, which will boost investor confidence[15]. Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous period[44]. - The company has a total of 425,000,000 shares held by major shareholders, representing approximately 29.94% of the total issued shares as of June 30, 2024[50]. - The total number of issued shares as of June 30, 2024, is 1,419,610,000[51]. - The new share option plan approved on June 2, 2022, allows for a total of 141,961,000 shares to be issued, which is about 10% of the total issued shares[54]. Expenses and Cost Management - Administrative expenses decreased by 15.6% from RMB 18,028,000 to RMB 15,217,000, due to reduced employee costs and other operational expenses[23]. - Sales and distribution expenses increased by 52.8% to RMB 1,316,000, driven by higher advertising and promotional activities in the artist and event management business[22]. - The total employee costs, including directors' remuneration, for the six months ended June 30, 2024, were RMB 10,327,000, a decrease of 7.2% compared to RMB 11,126,000 for the same period in 2023[81]. Investment and Impairment - The impairment loss for film, series, and non-series investments was RMB 3,937,000, down from RMB 7,861,000 in the previous period[24]. - Investments in films, series, and non-series decreased from RMB 85,373,000 as of December 31, 2023, to RMB 83,288,000 as of June 30, 2024, primarily due to impairment losses and currency depreciation[29]. - The company recognized a lease termination gain of approximately RMB 35,000,000 due to the early termination of a lease agreement[86]. Related Party Transactions - Revenue from related party transactions with TVB Group for film and series production was RMB 519,000, a significant decrease from RMB 8,226,000 in the previous period[105]. - The company recorded artist management service income of RMB 5,310,000 from related parties, down from RMB 11,777,000 in the previous period[105]. - The company has not recognized any impairment provisions for accounts receivable from related parties due to insignificant expected credit losses[100].

Revenue Performance - Revenue for the six months ended June 30, 2024, decreased by 57.6% to RMB 12,746,000 from RMB 30,052,000 in the same period last year[5]. - Revenue from the film, television, and non-drama segment dropped 79.0% to RMB 2,269,000 compared to RMB 10,787,000 in the previous period[2]. - Revenue from the artist and event management segment decreased by 45.6% to RMB 10,477,000 from RMB 19,265,000 in the prior period[2]. - Total revenue for the film, series, and non-drama segment was RMB 2,269,000 for the six months ended June 30, 2024, a decrease of 78.9% from RMB 10,787,000 in the same period of 2023[13]. - The total revenue for the artist and event management segment was RMB 10,477,000 for the six months ended June 30, 2024, down 45.4% from RMB 19,265,000 in the same period of 2023[13]. - The group recorded revenue of RMB 12,746,000 for the six months ended June 30, 2024, a decrease of 57.6% compared to RMB 30,052,000 for the same period in 2023[32]. Financial Losses - The company reported a loss attributable to owners of the company of RMB 110,000, a significant improvement from a loss of RMB 735,000 in the same period last year[2]. - The company experienced a net loss of RMB 3,254,000 for the six months ended June 30, 2024, compared to a loss of RMB 1,112,000 in the same period of 2023[6]. - The period loss increased from RMB 1,112,000 in the previous period to RMB 3,254,000 in the review period, while the loss attributable to the company's owners decreased by 85% to RMB 110,000[46]. Cash and Assets - As of June 30, 2024, cash and cash equivalents (net of bank borrowings) amounted to RMB 319,935,000, up from RMB 301,641,000 as of December 31, 2023[2]. - Total assets increased by 13.8% to RMB 559,421,000 from RMB 491,534,000 in the previous year[3]. - The company’s cash and cash equivalents increased to RMB 324,609,000 from RMB 306,198,000, indicating a growth of 6.8%[7]. - The equity attributable to owners of the company was RMB 456,889,000 as of June 30, 2024, compared to RMB 449,214,000 at the end of 2023, representing a 1.5% increase[8]. - The company's equity attributable to owners increased by 1.7% to RMB 456,889,000, with net asset value per share rising to RMB 32.18[55]. Liabilities - Total liabilities surged by 102.2% to RMB 124,294,000, compared to RMB 61,484,000 in the previous year[3]. - Current liabilities rose significantly to RMB 61,390,000 from RMB 39,353,000, marking a 56.1% increase[7]. - The company’s total liabilities increased to RMB 94,218,000 as of June 30, 2024, compared to RMB 58,474,000 at the end of 2023, reflecting a rise of 60.9%[7]. - Trade and other payables increased from RMB 39,353,000 to RMB 61,390,000, mainly due to production costs for the series "Law Enforcers" and advance payments for artist activities[50]. - Contract liabilities surged from RMB 6,827,000 to RMB 52,274,000, primarily due to advance payments for series production and artist management[51]. Expenses and Costs - The company incurred a total employee cost of RMB 10,327,000 for the six months ended June 30, 2024, a decrease of 7.2% from RMB 11,126,000 in the same period of 2023[18]. - Sales costs decreased by 64.0% from RMB 8,114,000 to RMB 2,921,000, due to a lower allocation of production costs for films, series, and non-series[40]. - Other income, gains, and losses decreased by 3.4% from RMB 7,370,000 to RMB 7,119,000, primarily due to one-time cost reversals and insurance claims from previous film productions[41]. - Selling and distribution expenses increased by 52.8% from RMB 861,000 to RMB 1,316,000, attributed to increased advertising and promotional activities in the artist and event management business[42]. - Administrative expenses decreased by 15.6% from RMB 18,028,000 to RMB 15,217,000, due to reduced employee costs and lower legal and professional fees[43]. Investments and Future Plans - The group plans to invest no less than HKD 5 billion (USD 640 million) in film production, series production, performances, and youth talent cultivation over the next five years under the "Hong Kong Arts Revitalization Plan"[31]. - The group plans to enhance collaboration between film and series production and artist management to maximize resource potential[36]. - The group is set to produce a new 25-episode law enforcement series, "Law Enforcers," expected to premiere on the Youku platform in 2025[36]. Dividends and Governance - The board of directors does not recommend the payment of an interim dividend for the review period[2]. - The company did not declare or recommend any dividends for the six months ended June 30, 2024[20]. - The company has adhered to the corporate governance rules as per the listing rules during the review period[61]. - The summarized consolidated financial information for the review period has been reviewed by external auditors[62].