Dufu Liquor Group Limited 杜甫酒業集團有限公司 • Interim Report 2025/2026 (If you have previously requested to receive Corporate Communication(s)(Note 2) in printed form, the printed copy (or copies) is/are enclosed.) （ 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：986） NOTIFICATION LETTER 通 知 信 函 Dear Non-registered Shareholder (Note 1) , 16 December 2025 The following document(s) of Dufu Liquor Group Limited ("Company") has/have been prepared in English and Chinese and is/are ava ...

Revenue and Profitability - The group's revenue for the six months ended September 30, 2025, was approximately HKD 28,460,000, an increase of about HKD 1,100,000 or 4.02% compared to HKD 27,360,000 for the same period in 2024[11]. - Revenue from the jewelry design and marketing business was approximately HKD 10,000,000, down from HKD 11,320,000 in 2024, while revenue from the lending business increased to approximately HKD 18,460,000 from HKD 16,040,000[11]. - Gross profit increased to approximately HKD 19,040,000, a rise of about HKD 2,450,000 or 14.77%, with the gross profit margin improving from approximately 60.64% to 66.89%[11]. - The group's profit before tax for the period was approximately HKD 11,900,000, an increase of about HKD 590,000 compared to HKD 11,310,000 in 2024[13]. - The group's net profit for the period was approximately HKD 8,360,000, down from HKD 10,960,000 in 2024[13]. - Basic earnings per share for the six months ended September 30, 2025, was HKD 0.65, compared to HKD 0.85 in 2024[59]. - The company reported a profit for the period of HKD 8,356,000, down 23.9% from HKD 10,959,000 in the previous year[55]. - Total comprehensive income for the period was HKD 2,708,000, significantly lower than HKD 13,196,000 in the same period last year[57]. Lending Business - The lending business had a total loan amount of approximately HKD 360,920,000 as of September 30, 2025, up from HKD 342,880,000 as of March 31, 2025[17]. - The average interest rate for loans was 10.59% as of September 30, 2025, slightly down from 10.70% as of March 31, 2025[17]. - The company has established a maximum loan amount of HKD 10,000,000, with a loan term not exceeding three years and an interest rate of at least 5%[20]. - Interest income from lending for the same period increased to HKD 18,462,000, up 15.0% from HKD 16,042,000 in 2024[76]. - The company's receivables from loans amounted to HKD 360,924,000 as of September 30, 2025, with an expected credit loss provision of HKD (46,752,000)[97]. Financial Position - The company's total assets as of September 30, 2025, were HKD 384,837,000, slightly down from HKD 384,840,000 as of March 31, 2025[62]. - The company's net current assets as of September 30, 2025, were approximately HKD 250,240,000, including cash and cash equivalents of about HKD 160,000[28]. - The company's debt-to-equity ratio as of September 30, 2025, was 8.16%[28]. - Current liabilities increased to HKD 63,677,000 from HKD 54,372,000 in the previous period[62]. - The net asset value of the company as of September 30, 2025, was HKD 369,841,000, up from HKD 367,133,000 as of March 31, 2025[62]. - The company recorded a decrease in financial costs to HKD 1,630,000 from HKD 1,117,000 in the previous year[55]. - The total amount of other payables and accrued expenses rose to HKD 39,771,000 as of September 30, 2025, from HKD 36,033,000 as of March 31, 2025[20]. - The company's total liabilities included HKD 27,544,000 in convertible bonds and HKD 4,986,000 in loans and interest payable[80]. Risk Management and Market Conditions - The group plans to strengthen risk management to navigate external risks and seize opportunities amid a challenging operating environment[16]. - The geopolitical tensions and economic uncertainties continue to impact consumer spending, particularly in the jewelry design and marketing business[16]. - The number of licensed money lenders has decreased from 2,324 in 2019 to 2,048 in 2025, indicating a contraction in the alternative financing market[23]. Corporate Governance and Compliance - The company has complied with the corporate governance code during the six months ending September 30, 2025[48]. - The company has not engaged in any significant acquisitions or disposals during the six months ending September 30, 2025[25]. - The company has not entered into any derivative contracts to mitigate foreign exchange risks as of September 30, 2025[29]. - No directors or senior executives hold any interests or short positions in the company's shares or related securities as of September 30, 2025[36]. - The company has not established any arrangements that would allow directors or their immediate family members to benefit from acquiring shares or debentures of the company or any other corporate entity[37]. - No major shareholders are known to hold interests in the company's shares or related securities that require disclosure under the Securities and Futures Ordinance as of September 30, 2025[38]. Employee and Management Information - The company maintains a workforce of 7 employees as of September 30, 2025, with compensation based on job nature, experience, and market conditions[33]. - For the six months ended September 30, 2025, the short-term employee benefits for key management personnel amounted to HKD 599,000, a decrease from HKD 683,000 for the same period in 2024[115]. - As of September 30, 2025, the company has not identified any incidents of employees violating the written guidelines regarding securities trading[35]. Share Capital and Options - The new share option plan adopted on September 29, 2021, allows the company to grant options to eligible participants to reward contributions to the group's successful operation[39]. - A total of 124,927,550 ordinary shares are available for issuance under the new share option plan, representing 10% of the issued share capital as of the mid-term report date[41]. - The new share option plan will remain effective until September 28, 2031, subject to early termination provisions[46]. - As of September 30, 2025, there are no unexercised options remaining under the new share option plan[47]. - The total issued and fully paid ordinary shares remained at 1,294,706,000 shares with a share capital of HKD 129,471,000 as of September 30, 2025[22]. Inventory and Receivables - Inventory held for sale increased to HKD 98,268,000 as of September 30, 2025, compared to HKD 93,929,000 as of March 31, 2025[16]. - The company has a credit period of 90 days for trade customers, with accounts receivable aging analysis showing HKD 4,249,000 overdue as of September 30, 2025[18]. - As of September 30, 2025, accounts receivable from customers (net of expected credit loss provisions) totaled HKD 314,172,000, an increase from HKD 296,339,000 as of March 31, 2025[14]. - The expected credit loss provision for accounts receivable increased to HKD 937,000 as of September 30, 2025, from HKD 440,000 as of March 31, 2025[17].

Dufu Liquor Group Limited 杜甫酒業集團有限公司 （ Incorporated in Bermuda with limited liability ） The following document(s) of Dufu Liquor Group Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.dufu.com.hk and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively "Websites"):- • Interim Report 2025/2026 (If you have previously requested to receive Corporate Communication(s)(Note) in printed form, the printed copy (or copies ...

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: 杜甫酒業集團有限公司 呈交日期: 2025年12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) | 00986 | 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 | | 0.1 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | 本月 ...

Core Viewpoint - Du Fu Brewery Group (00986) reported a mid-term performance for the period ending September 30, 2025, showing a revenue of HKD 28.459 million, representing a year-on-year increase of 4.01%. However, net profit decreased by 23.75% to HKD 8.356 million, with basic earnings per share at HKD 0.65 [1] Financial Performance - Revenue for the period reached HKD 28.459 million, marking a growth of 4.01% compared to the previous year [1] - Net profit was reported at HKD 8.356 million, reflecting a decline of 23.75% year-on-year [1] - Basic earnings per share stood at HKD 0.65 [1]

Core Viewpoint - Du Fu Brewery Group (00986) reported its interim results for the period ending September 30, 2025, showing a revenue of HKD 28.459 million, representing a year-on-year growth of 4.01%. However, net profit decreased by 23.75% to HKD 8.356 million, with basic earnings per share at HKD 0.65 [1]. Financial Performance - Revenue for the period reached HKD 28.459 million, marking a 4.01% increase compared to the previous year [1] - Net profit was reported at HKD 8.356 million, reflecting a decline of 23.75% year-on-year [1] - Basic earnings per share stood at HKD 0.65 [1]

Core Viewpoint - Du Fu Wine Industry Group (00986.HK) reported a revenue of approximately HKD 28.46 million for the six months ending September 30, 2025, representing a year-on-year increase of 4.02% [1] Financial Performance - Revenue includes approximately HKD 10 million from jewelry design and marketing business and about HKD 18.46 million from lending business [1] - Gross profit was approximately HKD 19.04 million, reflecting a year-on-year increase of 14.77% [1] - Gross margin improved from approximately 60.64% to 66.89%, driven by high demand in the lending business [1] Profitability - Profit before tax for the period was approximately HKD 11.90 million, an increase of about HKD 0.59 million year-on-year, mainly due to other income and reduced employee costs in sales and distribution expenses [1] - Net profit for the period was approximately HKD 8.36 million, compared to approximately HKD 10.96 million in 2024 [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，概不對因本公告全部或任何部份 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。 Dufu Liquor Group Limited 杜甫酒業集團有限公司 中國環保能源投資有限公司* （於百慕達註冊成立之有限公司） （股份代號：986） 截至二零二五年九月三十日止六個月 中期業績公告 杜甫酒業集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其附屬 公司截至二零二五年九月三十日止六個月的簡明綜合中期業績（「中期業績」）。本公告載有本公司 二零二五年中期報告（「中期報告」）全文，並符合香港聯合交易所有限公司證券上市規則中有關中 期業績初步公告附載資料的相關規定。 承董事會命 杜甫酒業集團有限公司 聯席主席兼執行董事 劉俊 香港，二零二五年十一月二十八日 於本公告日期，董事會包括四名執行董事，即劉俊先生、秦梽尊先生、韋亮先生及黎 夏女士；非執行董事楊曉慶女士；以及三名獨立非執行董事，即姚道華先生、劉量源 先生及張恒先生。 本公告之中英文版本如有任何歧異，概以英文版 ...

格隆汇11月14日丨杜甫酒业集团(00986.HK)宣布，公司将于2025年11月28日(星期五)举行董事会会议， 其中议程包括以供考虑及批准刊发公司及其附属公司截至2025年9月30日止六个月之中期业绩。 ...

董事會召開日期 杜甫酒業集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）謹此宣 佈， 本公司將於二零二五年十一月二十八日（星期五）舉行董事會會議，其中議程 包括 以供考慮及批准刊發本公司及其附屬公司截至二零二五年九月三十日止六個月 之 中期業績。 承董事會命 杜甫酒業集團有限公司 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，概不對因本公告全部或任何部份 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。 Dufu Liquor Group Limited 杜甫酒業集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：986） 本公告之中英文版本如有任何歧異，概以英文版本為準。 * 僅供識別 中國環保能源投資有限公司* 主席 劉俊 香港，二零二五年十一月十四日 於本公告日期，董事會包括四名執行董事，即劉俊先生、秦梽尊先生、韋亮先生及黎 夏女士；非執行董事楊曉慶女士；以及三名獨立非執行董事，即姚道華先生、劉量源 先生及秦恒先生。 ...