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: 華音國際控股有限公司 呈交日期: 2025年12月3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) | 00989 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 78,000,000,000 | HKD | | 0.01 | HKD | | 780,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 78,000,000,000 | HKD | | 0.01 | HKD | | 780,000,000 ...

Group 1 - The core viewpoint of the article highlights that China Changbai Mountain International (00989) reported a significant decline in revenue for the six months ending September 30, 2025, with operating income at 29.782 million RMB, representing a year-on-year decrease of 75.7% [1] - The company experienced a net loss of 33.164 million RMB, although this loss has narrowed by 94.5% compared to the previous period [1] - The basic loss per share was reported at 0.0921 RMB [1]

Financial Performance - For the six months ended September 30, 2025, the company's revenue was RMB 29,782,000, a decrease of 75.7% compared to RMB 122,497,000 for the same period in 2024[4] - The gross profit for the same period was RMB 3,208,000, down 72.1% from RMB 11,525,000 year-over-year[4] - The loss before tax from continuing operations was RMB 29,938,000, significantly improved from a loss of RMB 669,227,000 in the previous year[4] - The total comprehensive loss for the period was RMB 31,394,000, compared to RMB 593,936,000 for the same period in 2024, indicating a substantial reduction in losses[6] - The company reported a basic loss per share of RMB 9.21 for the period, compared to RMB 166.90 in the previous year, reflecting a significant improvement[5] - For the six months ended September 30, 2025, the group recorded a net loss from continuing operations of RMB 30,100,000[11] - The group reported a total loss before tax of RMB 33,014,000 for the six months ended September 30, 2025[19] - The company reported a basic and diluted loss per share of RMB 0.092 for the six months ended September 30, 2025, compared to RMB 1.670 for the same period in 2024, indicating a substantial improvement[28] - The total income tax expense for the six months ended September 30, 2025, was RMB 150,000, compared to a tax benefit of RMB 70,709,000 for the same period in 2024, reflecting a shift in tax position[24] - The company did not declare any interim dividends for the six months ended September 30, 2025, consistent with the previous year[29] Assets and Liabilities - As of September 30, 2025, total assets amounted to RMB 1,034,242,000, down from RMB 1,324,633,000 as of March 31, 2025[7] - Current liabilities totaled RMB 1,337,622,000, a decrease from RMB 1,856,925,000 at the end of the previous reporting period[8] - The net current liabilities were RMB 627,501,000, improved from RMB 942,524,000 in the previous period[8] - The group's current liabilities and total liabilities were RMB 627,500,000 and RMB 654,700,000, respectively[11] - The total value of development properties and properties held for sale decreased from RMB 382,908,000 as of March 31, 2025, to RMB 263,871,000 as of September 30, 2025[35] - The company has pledged investment properties valued at RMB 216,980,000 as collateral for bank loans as of March 31, 2025[33] - The company’s total liabilities decreased significantly from RMB 243,090,000 to RMB 128,182,000 over the six-month period[47] - As of September 30, 2025, the company's total liabilities were approximately RMB 1,374,400,000, with net debt at about RMB 654,700,000[83] Cash Flow and Financing - The net cash flow from operating activities for the six months ended September 30, 2025, was RMB 5,820,000, down from RMB 7,459,000 in 2024[71] - The company reported a net cash outflow from operating activities of RMB 55,400,000, compared to RMB 34,100,000 for the same period in 2024[111] - The company plans to explore financing options, including discussions with major shareholders for financial support and seeking professional advice on alternative strategies to improve financial conditions[82] - The company issued convertible bonds totaling HKD 60,000,000 (approximately RMB 55,734,000) on June 23, 2023, with a maturity date of June 22, 2026, and an annual interest rate of 6%[48] - The estimated effective interest rate for the convertible bonds is 16.23% as of September 30, 2025, compared to 4.61% to 16.23% as of March 31, 2025[53] Property and Development - The company continues to focus on property development and management in China, with ongoing projects in planning and design stages[9] - The group anticipates selling properties in Baishan and Yanji in the near future[15] - The company completed the sale of the Fushun property project for a total consideration of RMB 18,698,000, which was recognized as other income and gains[56] - The sale of the Dunhua project resulted in a gain of RMB 123,000, recognized in other income and gains[60] - The company is actively seeking potential properties for rental income or capital appreciation, focusing on resource allocation in other regions[63] - The company has classified certain investment properties as discontinued operations under Hong Kong Financial Reporting Standards No. 5[63] - The company’s management believes that exiting the Fushun and Dunhua businesses will allow for a more focused approach on other commercial opportunities[63] Operational Metrics - The company has reclassified certain property investment segments as discontinued operations, impacting the overall financial presentation[9] - The company has not adopted new or revised Hong Kong Financial Reporting Standards that would have a significant impact on its financial performance[13] - The group’s financing costs for the six months ended September 30, 2025, amounted to RMB 34,079,000[19] - Financing costs for continuing operations totaled RMB 33,402,000 for the six months ended September 30, 2025, compared to RMB 19,634,000 for the same period in 2024, reflecting a significant increase of 70.5%[22] - The group recorded a gross loss margin of 22.3% for property sales in the six months ended September 30, 2025[92] Employee and Administrative Costs - The total employee costs for the six months ended September 30, 2025, were approximately RMB 8,500,000, a decrease from RMB 8,700,000 for the same period in 2024[117] - Administrative expenses decreased from RMB 17,300,000 for the six months ended September 30, 2024, to RMB 10,800,000 for the same period in 2025, due to ongoing cost control measures[94] - As of September 30, 2025, the company had 163 full-time employees, down from 178 as of March 31, 2025[117] Directors and Governance - The executive directors of China Changbaishan International Holdings Limited include Xu Yingchuan (acting chairman), Li Junjie, and Cong Peifeng[123] - The non-executive directors consist of Cui Mindong and Zhao Shanneng, while the independent non-executive directors are Zeng Hongji, Wang Xiaochu, and Wang Meirong[123]

Core Viewpoint - China Changbai Mountain International (00989) expects a significant reduction in net loss attributable to shareholders for the six months ending September 30, 2025, compared to a net loss of approximately RMB 601 million for the same period ending September 30, 2024, with the anticipated loss ranging between RMB 30 million and RMB 36 million [1] Group 1 - The substantial decrease in net loss is primarily due to the absence of additional impairment provisions after the sale of a property project in Fusong County, which previously required an impairment provision of approximately RMB 565 million (after deferred tax) [1] - The company has been actively implementing cost-saving measures during the current interim period [1]

Core Viewpoint - China Changbai Mountain International (00989.HK) expects a significant reduction in net loss attributable to shareholders for the six months ending September 30, 2025, compared to a net loss of approximately RMB 601.1 million for the corresponding period ending September 30, 2024, with the anticipated loss ranging between RMB 30 million and RMB 36 million [1] Group 1: Financial Performance - The company projects a net loss reduction of no less than 90% for the upcoming reporting period [1] - The expected net loss for the current period is estimated to be between RMB 30 million and RMB 36 million [1] Group 2: Reasons for Improvement - The significant decrease in net loss is primarily attributed to the absence of additional impairment provisions related to a property project in Fusong County, which recorded an impairment provision of approximately RMB 564.7 million (after deferred tax) in the corresponding period [1] - The company has been actively implementing cost-saving measures during the current reporting period [1]

配 售 事 項 之 未 動 用 所 得 款 項 淨 額 已 於 年 內 以 作 以 下 用 途 ： | | | 於二零二四年 | 於二零二四年 | | 於二零二五年 | | --- | --- | --- | --- | --- | --- | | 所 得 款 項 | | 四月一日已動 | 四月一日未動 | | 三月三十一日 | | 淨 額 之 擬 | | 用之所得款項 | 用之所得款項 | | 未動用之所得 | | 定用途 | 分配 | 淨額 | 淨額 | 於年內動用 | 款項淨額 | | | 人民幣千元 | 人民幣千元 | 人民幣千元 | 人民幣千元 | 人民幣千元 | | 潛在收購 | 30,850 | 30,850 | - | - | - | | 及╱或於 | | | | | | | 新業務之 | | | | | | | 項目投資 | | | | | | | 結算本集 | 19,484 | 18,700 | 784 | 784 | - | | 團之債務 | | | | | | | 及融資成 | | | | | | | 本 | | | | | | | 結算本集 | 3,788 | 3,788 | - | ...

Core Viewpoint - China Changbaishan International (00989.HK) will hold a board meeting on November 27, 2025, to approve the unaudited interim results for the six months ending November 12, 2025, and to consider the distribution of an interim dividend, if any [1] Summary by Categories - **Company Announcement** - The company has scheduled a board meeting for November 27, 2025 [1] - The meeting will focus on approving the interim results for the six-month period ending November 12, 2025 [1] - The board will also consider the potential distribution of an interim dividend [1]

承 董 事 會 命 China Changbaishan International Holdings Limited 中 國 長 白 山 國 際 控 股 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 會 就 因 本 公 告 之 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 。 China Changbaishan International Holdings Limited 中 國 長白 山 國 際 控 股 有 限公 司 ( 前稱" Hua Yin International Holdings Limited 華音國際控股有限公司" ) ( 於百慕達註冊成立之有限公司 ) (股份代號: 989) 董 事 會會 議 日 期 China Changbaishan International Holdings Limite ...

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10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: 華音國際控股有限公司 呈交日期: 2025年11月4日 I. 法定/註冊股本變動 FF301 | 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) | 00989 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 78,000,000,000 | HKD | | 0.01 HKD | | | 780,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 78,000,000,000 | HKD | | 0.01 HKD | | | 780,000,000 ...

Core Viewpoint - China Changbai Mountain International (00989) announced the appointment of Wang Meirong as an independent non-executive director, effective from October 21, 2025 [1] Group 1 - Wang Meirong will serve as a member of the Audit Committee, Nomination Committee, and Remuneration Committee [1]