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至源控股(00990.HK)拟8月29日举行董事会会议以审批中期业绩
Ge Long Hui· 2025-08-15 11:21
Core Viewpoint - The company, Zhiyuan Holdings (00990.HK), announced that it will hold a board meeting on August 29, 2025, to approve the publication of its interim results for the six months ending June 30, 2025, and to consider the payment of an interim dividend, if any [1] Group 1 - The board meeting is scheduled for August 29, 2025 [1] - The meeting will focus on approving the interim results announcement for the six months ending June 30, 2025 [1] - The company will also consider the potential payment of an interim dividend during the meeting [1]
至源控股(00990) - 董事会会议召开日期
2025-08-15 11:13
董事會會議召開日期 至源控股有限公司(「本公司」)之董事會(「董事會」)宣佈,本公司將於二零二五年 八月二十九日(星期五)舉行董事會會議,藉以(其中包括)批准刊發本公司及其附屬 公司截至二零二五年六月三十日止六個月之中期業績公告,以及考慮派付中期股息 (如有)。 承董事會命 至源控股有限公司 執行董事 吳磊 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。 DEEP SOURCE HOLDINGS LIMITED 至源控股有限公司 * (前稱榮暉國際集團有限公司) (於百慕達註冊成立之有限公司) (股份代號:990) 香港,二零二五年八月十五日 於本公告日期,執行董事為江江先生及吳磊先生;非執行董事為丁琳先生及康健先生;及獨立非執 行董事為柳松先生、陳麗屏女士及黃學斌先生。 * 僅供識別 ...
荣晖国际(00990.HK)股份简称更改8月8日起生效
Ge Long Hui· 2025-08-05 11:21
Group 1 - The company announced a change in its stock trading name on the Hong Kong Stock Exchange, effective from August 8, 2025 [1] - The English stock name will change from "THEME INT'L" to "DEEP SOURCE" [1] - The Chinese stock name will change from "荣晖国际" to "至源控股" [1]
荣晖国际(00990)拟购买PT Aneka Tambang Resources Indonesia 60%权益
智通财经网· 2025-08-04 11:43
Core Viewpoint - Ronghui International (00990) has entered into a legally binding memorandum of understanding to acquire a 60% stake in PT Aneka Tambang Resources Indonesia, a company engaged in nickel mining in Indonesia [1] Group 1 - The memorandum outlines the terms and conditions for the purchase of 60% of the entire issued share capital of the target company [1] - The target company holds a mining business license for nickel and covers an area of 608 hectares located in the Obi Islands, south of Halmahera Island in Indonesia [1]
至源控股(00990) - 自愿公告 - 有关一项拟定交易之谅解备忘录
2025-08-04 11:28
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。 至源控股有限公司 (前稱榮暉國際集團有限公司) (於百慕達註冊成立之有限公司) (股份代號:990) 自願公告 有關一項擬定交易之 諒解備忘錄 本公告乃由本公司根據上市規則第13.09條及證券及期貨條例第XIVA部內幕消息 條文作出。 諒解備忘錄 董事會宣佈,於二零二五年八月一日(星期五)交易時段後,本公司與(a) PT Mitra Unggul Berjaya(「賣方」)及(b)楊成林先生(「賣方擔保人」)就買賣於PT Aneka Tambang Resources Indonesia(「目標公司」)的60%權益(「擬定交易」)訂立具法律 約束力的諒解備忘錄(「諒解備忘錄」)。諒解備忘錄載有關於本公司擬購買及賣方 擬出售目標公司(一家在印度尼西亞共和國註冊成立的公司,持有生產經營採礦 業務許可證,可開採鎳商品,覆蓋位於印度尼西亞哈馬黑拉島以南的奧比群島的 608公頃面積(「鎳礦」))60%的全部已發行 ...
至源控股(00990) - 截至二零二五年七月三十一日止月份之股份发行人的证券变动月报表
2025-08-04 08:12
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: 榮暉國際集團有限公司 呈交日期: 2025年8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) | 00990 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 200,000,000,000 | HKD | | 0.0025 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 200,000,000,000 | HKD | | 0.0025 | HKD | | 500,000,000 | ...
至源控股(00990) - 2024 - 年度财报
2025-04-29 11:15
Financial Performance - The company's net profit for the year ended December 31, 2024, was approximately HKD 371,921,000, a decrease of about 73% compared to HKD 1,382,081,000 for the corresponding year[9]. - Total revenue for the year was approximately HKD 40,913,965,000, representing a decrease of about 26% from HKD 55,376,948,000 in the previous year[15]. - The distribution, trading, and processing business contributed approximately HKD 40,021,747,000 in revenue, down from HKD 54,526,362,000 in the previous year, primarily due to a decrease in trading volume of silver and gold bars[16]. - The financial services segment recorded revenue of approximately HKD 892,218,000, an increase from HKD 850,586,000 in the previous year, indicating steady expansion in this area[18]. - Gross profit decreased from approximately HKD 1,780,649,000 to HKD 1,032,514,000, attributed to reduced margins in commodity trading activities due to unfavorable market conditions[9]. - The company reported a net profit of approximately HKD 371,921,000 for the year, a significant decrease from HKD 1,382,081,000 in the previous year, primarily due to reduced profit margins in distribution and trade segments, and losses related to the Singapore subsidiary's alleged fund misappropriation[21]. - Basic earnings per share for the year were approximately HKD 2.20, down from HKD 8.91 in the previous year[22]. - The company incurred other losses of approximately HKD 135,648,000 this year, compared to other income of approximately HKD 197,622,000 in the previous year[19]. - The financing costs for the year amounted to approximately HKD 20,310,000, a decrease from HKD 28,321,000 in the previous year[20]. - The company recorded a share of profits from associates totaling HKD 45,718,000, an increase from HKD 36,507,000 in the previous year, mainly due to higher profits from Green Esteel Pte. Ltd.[20]. - The company reported a foreign exchange loss of approximately HKD 93,028,000, compared to HKD 56,680,000 in the previous year, primarily due to fluctuations in the USD/CNY exchange rate[19]. Human Capital and Operations - The number of employees increased from 384 to 399, reflecting continued investment in human capital across Hong Kong, Singapore, China, and the UK[10]. - The company continues to invest significantly in human capital, believing that top talent will bring value to the organization[10]. - The company aims to enhance its operational capabilities in the financial services sector, including clearing, brokerage services, and leveraged forex trading[10]. - The company plans to focus on the continuous development of its financial services and distribution, trade, and processing businesses through 2025[23]. - The group employed a total of 399 staff as of December 31, 2024, an increase from 384 in 2023[65]. Legal and Compliance Issues - The company has reported a provision of approximately HKD 167,462,000 related to the alleged misappropriation of funds by a director and several employees of its Singapore subsidiary[31]. - The company is currently facing an ongoing investigation and legal proceedings related to its Singapore subsidiary, which has resulted in a qualified opinion from auditors due to insufficient audit evidence[75]. - The audit committee has agreed with management's position regarding the limitations in providing requested audit evidence, as it may hinder ongoing investigations and legal claims[76]. - Management is committed to resolving the qualified opinion through various solutions, including advancing investigations and potential liquidation of the Singapore subsidiary, with preliminary investigation results expected by 2025[77]. - The removal of the qualified opinion is contingent upon the completion of investigations and legal proceedings by December 31, 2025, which will also affect the financial statements for the year ending December 31, 2025[79]. - The group has engaged legal professionals to investigate the suspected embezzlement and has reported the matter to the Singapore police[70]. Corporate Governance - The company is committed to maintaining high standards of corporate governance to enhance investor confidence[153]. - The board has delegated certain responsibilities to committees, including the audit committee, remuneration committee, and nomination committee[152]. - The chairman and CEO roles are separated, ensuring no individual holds both positions simultaneously[153]. - The company has complied with all provisions of the corporate governance code for the year ending December 31, 2024[154]. - The independent non-executive directors have confirmed their independence according to the listing rules[156]. - The board consists of nine directors, including three executive directors, three non-executive directors, and three independent non-executive directors[156]. - The company has adopted the standard code of conduct for securities trading by directors as per the listing rules, confirming compliance for the year ending December 31, 2024[155]. Risk Management - The company is exposed to commodity price risk, which can significantly impact its operating performance due to market price fluctuations[50]. - The company faces foreign exchange risk primarily from transactions denominated in RMB, while USD exposure is minimal due to the peg with HKD[51]. - The company continues to monitor credit quality of counterparties to mitigate credit and performance risks[52]. - The company is subject to legal, regulatory, and compliance risks, which may result in financial losses or reputational damage[54]. - The risk management system identified no significant risks apart from potential risks related to internal control reviews of a Singapore subsidiary[178]. Related Party Transactions - The largest customer accounted for 7% of the group's total sales, while the top five customers together represented 24%[113]. - The largest supplier contributed 23% to the group's total procurement, and the top five suppliers collectively accounted for 45%[113]. - The group made service agreements with Mr. You Zhenhua, with projected revenue from services provided amounting to HKD 7,625,000 against an annual cap of HKD 40,000,000 for the fiscal year ending December 31, 2024[117]. - The group has a sales agreement with Mr. You Zhenhua for iron ore, steel products, and nickel ore, with a projected transaction amount of HKD 138,479,000 against an annual cap of HKD 240,000,000 for the fiscal year ending December 31, 2024[120]. - The group entered into a sales agreement with Mr. You Zhenwu for iron ore, steel products, and nickel ore, with similar pricing mechanisms based on internal pricing databases and market prices[121]. - The company has entered into a logistics service framework agreement with Mr. You Zhenwu for the period from 2024 to 2026, with a transaction amount of HKD 236,963,000 and an annual cap of HKD 330,000,000[123]. Internal Control and Audit - The company has implemented an internal control system compliant with the COSO 2013 framework to ensure operational efficiency and reliable financial reporting[179]. - An internal control review conducted in 2024 revealed no significant control deficiencies, except for issues related to the Singapore subsidiary[183]. - The independent reviewer identified several control deficiencies and provided recommendations for improving financial reporting procedures and internal control systems[188]. - The independent reviewer noted risks associated with informal communication channels for transaction confirmations, which could lead to audit record gaps[191]. - The independent reviewer emphasized the need for timely follow-up on open transaction statuses to ensure settlements within the required timeframe[194]. Environmental and Social Responsibility - The company's environmental policy emphasizes sustainability and reducing negative environmental impacts through various measures[136]. - The company encourages green office practices to enhance environmental performance[136]. - The company made charitable donations of approximately HKD 175,000 during the year ending December 31, 2024, compared to HKD 341,000 in 2023[92].
至源控股(00990) - 2024 - 年度业绩
2025-03-31 10:44
Financial Performance - Revenue for the year ended December 31, 2024, was HKD 40,913,965, a decrease of 26.0% from HKD 55,376,948 in 2023[2] - Gross profit for the year was HKD 1,032,514, down 42.0% from HKD 1,780,649 in the previous year[2] - Operating profit decreased to HKD 410,311, a decline of 72.9% compared to HKD 1,513,979 in 2023[2] - Net profit attributable to equity holders was HKD 296,242, down 75.7% from HKD 1,200,955 in the prior year[3] - Total comprehensive income for the year was HKD 260,819, a decrease of 80.0% from HKD 1,309,044 in 2023[3] - Basic and diluted earnings per share were both HKD 2.20, down from HKD 8.91 in the previous year[3] - The group reported a total segment profit of HKD 423,875 for 2024, down from HKD 1,407,610 in 2023, reflecting a decline of about 69.9%[13] - The group's profit for the year attributable to equity holders was HKD 296,242,000, a decrease of 75.7% compared to HKD 1,200,955,000 in the previous year[27] - The group recorded other losses of approximately HKD 135,648,000, including a provision for losses related to alleged fund misappropriation in a Singapore subsidiary amounting to HKD 167,462,000[41] - The group's net profit for the year ended December 31, 2024, was approximately HKD 371,921,000, a decrease of about 73% compared to HKD 1,382,081,000 for the corresponding year[33] Assets and Liabilities - Non-current assets increased significantly to HKD 2,690,320 from HKD 887,745 in 2023, primarily due to increased investments in associates[4] - Current assets rose to HKD 16,286,472, up from HKD 15,443,384 in the previous year, driven by higher inventory levels[4] - Total liabilities increased to HKD 11,725,820 from HKD 9,035,811, reflecting higher trade payables[4] - The group's total assets as of December 31, 2024, were HKD 18,976,792, an increase from HKD 16,331,129 in 2023, representing a growth of approximately 10.1%[16][17] - The group’s total liabilities as of December 31, 2024, were HKD 11,740,505, an increase from HKD 9,061,301 in 2023, reflecting a rise of approximately 29.5%[16][17] - Trade receivables from external customers decreased to HKD 901,265,000 from HKD 1,848,962,000, a decline of 51.2%[29] - Trade payables increased to HKD 3,234,673,000 from HKD 2,147,299,000, an increase of 50.7%[31] - The company has a net current asset value of approximately HKD 4,560,652,000 as of December 31, 2024, down from HKD 6,407,573,000 in 2023[74] Revenue Segmentation - The distribution, trading, and processing segment generated revenue of HKD 40,021,747 in 2024, down from HKD 54,526,362 in 2023, indicating a decrease of about 26.6%[11] - Financial services revenue for 2024 was HKD 892,218, compared to HKD 850,586 in 2023, showing a slight increase of approximately 4.9%[13] - The group’s revenue from the Singapore market decreased to HKD 24,212,330 in 2024 from HKD 40,139,156 in 2023, a decline of about 39.7%[19] - The group’s revenue from the China market increased to HKD 16,374,113 in 2024, up from HKD 14,869,367 in 2023, representing a growth of approximately 10.1%[19] Corporate Governance and Compliance - The company has complied with all corporate governance codes throughout the year ending December 31, 2024[84] - The audit committee consists of one non-executive director and two independent non-executive directors, ensuring compliance with corporate governance standards[87] - The independent auditor issued a qualified opinion on the consolidated financial statements for the year ending December 31, 2024[89] Legal and Investigative Matters - The company has taken legal action regarding the alleged misappropriation and has reported the matter to the Singapore police[91] - The company has ceased operations of its Singapore subsidiary and terminated the employment of the implicated director and several employees[95] - Legal professionals have been engaged to investigate the alleged misappropriation and initiate legal action against involved parties[95] - The ongoing investigations and legal proceedings create uncertainty regarding the recoverability of the outstanding balances related to the alleged misappropriation[95] Future Plans and Investments - The group plans to focus on the continued development of financial services and distribution, trading, and processing businesses in 2025[44] - The company has established a joint venture with Shandong Energy Group, with registered capital expected to be HKD 800 million, where Shandong Energy holds 51% and the company holds 49%[62] - The company has made acquisitions of several chemical trading companies in Singapore to expand its business scope and is actively seeking further acquisition opportunities[51] Employee and Operational Metrics - The number of employees increased from 384 to 399, reflecting ongoing investment in human capital[35] - The group’s administrative expenses remained stable at approximately HKD 390,860,000, compared to HKD 373,042,000 in the previous year[42] Miscellaneous - The company has obtained a lending license under the Money Lenders Ordinance in Hong Kong, targeting corporate clients with loans primarily denominated in HKD and typically for one year, extendable by mutual agreement[46] - The company has approved a share buyback plan, authorizing the purchase of approximately HKD 270 million worth of shares, subject to market conditions and board discretion[82] - The company plans to publish its annual report in due course, which will be available on its website[100]
至源控股(00990) - 2024 - 中期财报
2024-09-27 11:01
Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 26,582,474, an increase of 13.4% compared to HKD 23,396,789 for the same period in 2023[10]. - Gross profit for the same period was HKD 625,085, representing a slight increase from HKD 612,983 in 2023[10]. - Operating profit decreased significantly to HKD 291,910 from HKD 920,436 in the previous year, indicating a decline of 68.3%[10]. - Net profit for the period was HKD 309,184, down 64.6% from HKD 872,489 in 2023[10]. - Basic and diluted earnings per share were HKD 0.0219, a decrease from HKD 0.0616 in the prior year[15]. - Total comprehensive income for the period was HKD 248,002, down from HKD 752,110 in the same period last year[14]. - The company's profit attributable to equity holders for the six months ended June 30, 2024, was HKD 294,374,000, a decrease of 64.6% compared to HKD 830,044,000 for the same period in 2023[48]. - The group's profit before tax for the six months ended June 30, 2024, was HKD 342,084, compared to HKD 929,203 for the same period in 2023, showing a decrease of about 63.18%[30]. Assets and Liabilities - Current assets totaled HKD 15,451,346 as of June 30, 2024, slightly up from HKD 15,443,384 at the end of 2023[17]. - Total assets decreased slightly to HKD 10,495,077,000 as of June 30, 2024, from HKD 9,035,811,000 as of December 31, 2023, indicating a year-over-year increase of about 16.2%[19]. - The company's cash and cash equivalents increased to HKD 4,276,608,000 as of June 30, 2024, compared to HKD 3,757,451,000 at the end of the previous year, representing a growth of approximately 13.8%[21]. - The total liabilities of the group as of June 30, 2024, were HKD 10,075,063, up from HKD 8,934,726 as of December 31, 2023, indicating an increase of about 12.78%[36]. - The company’s total liabilities increased to HKD 3,239,835,000 as of June 30, 2024, from HKD 2,423,790,000 at the end of 2023, representing an increase of approximately 33.7%[19]. Cash Flow and Investments - Operating cash flow for the six months ended June 30, 2024, was HKD 4,357,075,000, up from HKD 3,240,779,000 in the same period of 2023, marking an increase of about 34.5%[21]. - The company reported a net cash outflow from investing activities of HKD 692,699,000 for the period, compared to HKD 235,847,000 in the previous year, indicating increased investment activity[21]. - The total capital expenditure during the interim period was HKD 1,452,000, a decrease from HKD 7,991,000 for the same period in 2023[127]. Foreign Exchange and Other Losses - The company incurred a foreign exchange loss of HKD 97,483,000 during the period, impacting overall comprehensive income[20]. - The company reported a net foreign exchange loss of HKD 36,007,000 for the six months ended June 30, 2024, compared to HKD 9,534,000 in the same period of 2023, indicating a significant increase in losses[46]. - The group recorded other losses of approximately HKD 146,662,000 in the current period, compared to other income of approximately HKD 431,037,000 in the corresponding period[99]. Strategic Plans and Market Expansion - The company plans to continue its market expansion and product development strategies to enhance future growth prospects[22]. - The group plans to focus on the continuous development of its financial services and distribution, trading, and processing businesses in 2024[102]. - A joint venture agreement was signed with Shandong Energy Group Co., Ltd., with the registered capital expected to be HKD 800 million, where Shandong Energy will hold 51% and the company will hold 49%[93]. Regulatory and Compliance - The group has obtained regulatory licenses for securities and futures trading in Hong Kong, Singapore, and the UK, enhancing its market access and service offerings[104][107]. - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, with no significant impact on the financial statements reported for the current and prior periods[25]. Shareholder and Management Information - The total compensation for key management personnel was HKD 3,440,000, a decrease from HKD 4,048,000 in the previous year[73]. - The board has approved a share buyback plan for up to HKD 270 million, although no shares have been repurchased as of the report date[112]. - Major shareholder Mr. You Zhenhua holds 3,840,000 shares and has control over 8,494,907,176 shares, representing 63.06% of the issued shares[139]. Risks and Challenges - The group continues to monitor foreign exchange risks, particularly related to transactions denominated in RMB[120]. - The group faces various risks including commodity price fluctuations, credit risk from counterparties, and regulatory compliance risks[123][124].
至源控股(00990) - 2024 - 中期业绩
2024-08-30 11:02
Revenue and Profitability - Revenue for the six months ended June 30, 2024, was HKD 26,582,474, an increase from HKD 23,396,789 in the same period of 2023, representing a growth of approximately 13.4%[4] - Net profit for the period was HKD 309,184, a decrease of 64.6% compared to HKD 872,489 in the same period last year[5] - Profit before tax was HKD 342,084, down from HKD 929,203, indicating a decrease of about 63.2%[4] - Operating profit decreased significantly to HKD 291,910 from HKD 920,436, a decline of approximately 68.3%[4] - The company reported a net profit of HKD 830,044,000 for the six months ended June 30, 2024, compared to HKD 2,771,037,000 for the same period in 2023, indicating a significant decrease in profitability[9] - Total comprehensive income for the period was HKD 248,002, down from HKD 752,110, a decline of approximately 67.0%[6] Earnings Per Share - Basic and diluted earnings per share were HKD 2.19 cents, compared to HKD 6.16 cents in the previous year, reflecting a decrease of about 64.5%[6] - The basic and diluted earnings per share remained the same at HKD 0.0218, as there were no potential dilutive shares issued during the periods[32] Assets and Liabilities - Non-current assets totaled HKD 2,324,180, an increase from HKD 887,745 as of December 31, 2023[7] - Current liabilities increased to HKD 10,495,077 from HKD 9,035,811, indicating a rise of approximately 16.2%[8] - Total assets less current liabilities stood at HKD 7,280,449, slightly down from HKD 7,295,318[8] - The company’s total assets increased to HKD 7,255,242,000 as of June 30, 2024, compared to HKD 6,660,208,000 at the end of the previous period, indicating asset growth[9] - The group’s assets as of June 30, 2024, were HKD 15,650,854, with liabilities totaling HKD 10,075,063, resulting in a net asset position[22] Cash Flow and Investments - Cash generated from operating activities was HKD 4,381,579,000, an increase from HKD 3,284,754,000 year-over-year, showing improved cash flow from operations[11] - The company reported a net cash outflow from investing activities of HKD 692,699,000, compared to HKD 235,847,000 in the previous year, indicating increased investment expenditures[11] - The total cash and cash equivalents at the end of the period stood at HKD 4,276,608,000, up from HKD 3,757,451,000, reflecting a stronger liquidity position[11] Strategic Focus and Future Plans - The company plans to continue focusing on strategic investments and market expansion to enhance future performance and shareholder value[12] - The group plans to focus on the continued development of financial services and distribution, trading, and processing businesses in 2024[66] - The group is expanding its lending business in Hong Kong through its wholly-owned subsidiary, targeting corporate clients with loans typically denominated in HKD[67] - The group has acquired several chemical trading companies in Singapore to expand its business scope and will actively seek further acquisition opportunities[71] Compliance and Governance - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2024, but these changes did not significantly impact the financial statements[13] - The group has not yet applied new standards that have been issued but are not yet effective, and the potential impact on operational performance is still under evaluation[13] - The company continues to monitor potential compliance risks, including insider trading and money laundering activities[83] - The audit committee reviewed the group's unaudited interim financial results for the six months ended June 30, 2024[92] - The company has complied with all provisions of the corporate governance code during the reporting period[89] Shareholder Equity and Dividends - The company’s equity attributable to shareholders increased to HKD 3,996,939,000 as of June 30, 2024, compared to HKD 3,601,081,000 at the beginning of the period, indicating growth in shareholder equity[9] - The company confirmed an interim dividend of HKD 0.02 per share for the year ended December 31, 2023, totaling HKD 269,427,000[33] - The board does not recommend the payment of an interim dividend for the period ending June 30, 2024[73] Related Party Transactions - Accounts payable to a related party controlled by a close family member of the ultimate holding company increased from HKD 36,432,000 in 2023 to HKD 55,039,000 in 2024, an increase of approximately 51%[47] - Revenue from brokerage and commission fees from a related party controlled by a close family member of the ultimate holding company was HKD 2,565,000 in 2024, compared to HKD 906,000 in 2023, representing a significant increase[48] - The company reported logistics expenses paid to a related party controlled by a close family member of the ultimate holding company of HKD 135,260,000 in 2024, up from HKD 125,141,000 in 2023, an increase of approximately 8.9%[48] Miscellaneous - The company incurred a foreign exchange loss of HKD 97,483,000 during the period, which impacted the overall comprehensive income[9] - The group recorded a loss of approximately HKD 146,662,000 in other losses during the period, compared to a gain of HKD 431,037,000 in the previous year[63] - The potential loss due to the alleged misappropriation of funds by a director of the Singapore subsidiary is approximately $21.5 million (about HKD 167.7 million), with the company's equity holders' share being around $12.8 million (about HKD 99.8 million)[72]