閣 下 對本通函任何方面或應採取的行動 如有任何疑問，應諮詢 閣下的持牌證券 交易商或其他註冊證券機構、銀行經理、律師、專業會計師或其他專業顧問。 此乃要件 請即處理 閣下如已 將名下的時代集團控股有限公司股份全部 售 出，應立即將本通函及隨 附的代表委任表格送交買主或承讓人，或經手買賣或轉讓的銀行、持牌證券交易 商或註冊證券機構或其他代理商，以便轉交買主或承讓人。 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 何部份內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 SITOY GROUP HOLDINGS LIMITED 時代集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1023） 建議發行股份及出售或轉讓庫存股及 購回股份的一般授權、 重選退任董事、 宣派特別股息 及 股東週年大會通告 時 代 集 團 控 股 有 限 公 司 謹 訂 於 二 零 二 五 年 十 一 月 十 七 日（星 期 一）上 午 十 時 三 十 分假座香港觀塘偉業街164號時代中心7樓 舉 行 股 東 週 年 ...

Financial Performance - The Group's consolidated revenue decreased by 1.4% to HKD 1,584.2 million for the fiscal year ending June 30, 2025[30]. - The Group reported a net loss of HKD 178.1 million for the fiscal year 2025, compared to a profit of HKD 101.9 million in 2024[32]. - The gross profit for the fiscal year 2025 was HKD 516.1 million, down from HKD 572.3 million in 2024[32]. - The total assets of the Group decreased to HKD 1,882.9 million in 2025 from HKD 2,114.1 million in 2024[32]. - The Group's equity return was -11.34% for the fiscal year 2025, compared to 5.64% in 2024[32]. - The current ratio for the Group was 3.15 times in 2025, down from 3.71 times in 2024[32]. - The Group's diluted loss per share for 2025 was HKD 0.185, compared to earnings of HKD 0.106 in 2024[32]. - Total revenue decreased by approximately 1.4% from about HKD 1,606.5 million in FY2024 to about HKD 1,584.2 million in FY2025, primarily due to the downturn in the manufacturing business[53]. - Cost of sales increased by approximately 3.3% to about HKD 1,068.2 million, reflecting the sensitivity of fixed costs to sales volume[54]. - Gross profit decreased by approximately 9.8% to about HKD 516.1 million, with the gross margin declining from approximately 35.6% to about 32.6% due to geopolitical tensions and changes in customer demographics[55]. Segment Performance - The retail segment's revenue increased by 24.1% to approximately HKD 655.0 million, although it faced a pre-tax segment loss of approximately HKD 62.3 million due to a one-time loss of approximately HKD 83.6 million from the termination of the Cole Haan business[42]. - The manufacturing segment reported revenue of approximately HKD 918.1 million, with a pre-tax segment loss of approximately HKD 3.8 million[43]. - The property investment segment generated revenue of approximately HKD 11.2 million but incurred a pre-tax segment loss of approximately HKD 101.8 million due to a revaluation loss of HKD 109.2 million[44]. - Manufacturing segment revenue decreased by approximately 13.9% to about HKD 918.1 million, with a pre-tax loss of approximately HKD 3.8 million compared to a pre-tax profit of about HKD 110.2 million in the previous year, attributed to global economic uncertainty and inventory surplus[49]. - Property investment segment generated revenue of approximately HKD 11.2 million but incurred a pre-tax loss of approximately HKD 101.8 million due to a fair value loss of about HKD 109.2 million, driven by competitive office market conditions and weak demand[51]. Operational Strategies - The company plans to continue optimizing existing store operations and enhancing customer experience to adapt to changing market conditions[45]. - The company is actively forming a home product development team to expand its product categories and increase revenue sources[45]. - The company aims to strengthen its core business by enhancing product design capabilities and production efficiency while expanding collaborations with existing and new brand clients[45]. - The company has successfully established a fully operational e-commerce center with over 30 live streaming studios, contributing to satisfactory growth in its retail business[38][39]. - The company is open to opportunities for mergers and acquisitions to expand overseas production capacity to meet client demands[45]. Employee and Management - The group employed approximately 5,000 employees as of June 30, 2025, providing competitive compensation and various employee benefits[77]. - The group has implemented stock option and share award plans to recognize employee contributions, approved on November 15, 2011, and July 12, 2018, respectively[77]. - The group continues to enhance the working environment and living standards for employees, emphasizing the importance of human resource management in maintaining expertise in handbags and leather goods[77]. - The group is committed to ongoing employee training programs to improve skills and productivity before and during employment[77]. - The group’s executive director and CEO has over 45 years of experience in the handbag and leather goods industry, focusing on luxury brand manufacturing for over 20 years[79]. - The CFO has over 15 years of experience in finance, accounting, and auditing, with a strong understanding of regulatory requirements for listed companies[81]. - The independent non-executive director has extensive experience in auditing, corporate restructuring, and corporate finance, having served in various senior financial roles[84]. Corporate Governance - The company has established a strong commitment to corporate governance, ensuring transparency and accountability to shareholders[91]. - The board consists of seven directors, including four executive directors and three independent non-executive directors[97]. - The company has complied with the corporate governance code as stipulated in the Hong Kong Stock Exchange listing rules for the fiscal year 2025[92]. - The board held four regular meetings during the year to discuss key matters, including annual and quarterly performance reports[100]. - The company has a robust internal control and risk management framework in place to oversee business development and financial performance[99]. - The company has appointed independent non-executive directors with extensive experience in legal, accounting, and corporate finance[88]. - The company has a clear strategy for business operations, with management responsible for implementing board decisions and reporting overall performance[99]. - The company has established a network with key market participants in the luxury goods and accessories industry, enhancing its market position[89]. - The company has adopted a standard code for securities trading by directors, ensuring compliance with regulatory requirements[93]. - The company has not identified any instances of non-compliance with the established guidelines for employees holding insider information during the fiscal year 2025[96]. - All independent non-executive directors confirmed their independence according to Listing Rule 3.13, and the board considers them independent[103]. Risk Management - The company has established a risk management and internal control system in compliance with the corporate governance code, with a focus on identifying and managing risks related to its operations[137]. - No significant risks were identified during the annual risk assessment conducted by the company[139]. - The internal control system is aligned with the COSO 2013 framework, ensuring operational efficiency, reliable financial reporting, and compliance with applicable laws[140]. - The board is responsible for reviewing the effectiveness of the risk management and internal control systems at least annually[143]. - The company has engaged a third-party firm to conduct internal audits, assessing the adequacy and effectiveness of its risk management and internal control systems twice during the year[143]. Shareholder Communication and Dividends - The company maintains effective communication with shareholders through various channels, including annual and special meetings, reports, and announcements[146]. - The group reported a mid-term dividend of HKD 0.02 per share paid on April 28, 2025, and proposed a special dividend of HKD 0.04 per share for the fiscal year 2025, pending shareholder approval on November 17, 2025[154]. - The board has adopted a dividend policy prioritizing cash dividends and profit sharing with shareholders, with decisions based on financial performance and other relevant factors[147]. - The company encourages shareholders to attend all general meetings and has established procedures for shareholders to propose agenda items[149]. Compliance and Training - The company has conducted regular compliance training for senior management and employees to maintain a healthy corporate culture[168]. - The company has established a whistleblowing policy to allow employees and stakeholders to report misconduct confidentially[168]. - The company has complied with the disclosure requirements regarding related party transactions for the fiscal year 2025[197]. Share Options and Awards - The company has a share option plan approved on November 15, 2011, allowing for the issuance of up to 95,340,000 shares, which represents approximately 9.88% of the current issued shares[182]. - The total number of shares that may be issued upon the exercise of all options granted under the share option plan is capped at 30% of the total issued shares[181]. - A total of 4,500,000 shares (approximately 0.47% of the current issued shares) may be issued from options granted but not yet exercised under the share option plan[182]. - The share award plan allows for a maximum of 10% of the total issued shares, which amounts to 96,543,000 shares based on the current total of 965,430,000 shares[188]. - A total of 3,260,848 share awards were granted on March 10, 2023, representing approximately 0.34% of the total issued shares[189]. - The fair value of the share awards granted on June 26, 2023, is approximately HKD 11,561,000, with 6,430,000 shares vesting by June 26, 2024[190]. - As of June 30, 2025, there are no unvested share awards remaining, and 4,776,000 shares have vested while 2,384,000 shares have lapsed[191]. - The fair value of each share granted under the share incentive plan on June 26, 2023, was HKD 0.85[195]. - A total of 4,776,000 shares will vest in the fiscal year 2025, with a weighted average closing price of HKD 0.50 prior to the vesting date[195]. - 2,384,000 shares under the share incentive plan will lapse in fiscal year 2025 due to failure to meet vesting conditions[195]. - As of June 30, 2025, the number of shares available for grant under the share incentive plan is 70,681,152, representing approximately 7.32% of the company's total issued shares[195].

| 關於報告 | 2 | | --- | --- | | 報告範疇 | 2 | | 報告框架 | 2 | | 報告原則 | 2 | | 資料及反饋 | 2 | | 重點摘要 | 3 | | 董事會聲明 | 4 | | 與持份者溝通 | 6 | | 重要性評估 | 7 | | 環境保護 | 10 | | 環境目標及進展 | 10 | | 排放管理 | 12 | | 可持續營運 | 15 | | 應對氣候變化 | 18 | | 僱傭及勞工常規 | 20 | | 僱傭政策 | 20 | | 薪金及福利 | 21 | | 發展及培訓 | 24 | | 職業健康及安全 | 26 | | 營運管理 | 28 | | 供應鏈管理 | 28 | | 質量控制 | 29 | | 客戶服務 | 30 | | 廣告及宣傳 | 30 | | 私隱及知識產權保障 | 31 | | 反貪污 | 32 | | 社區投資 | 33 | | 關鍵績效指標概要 | 38 | | 附錄：「環境、社會及管治報告指引」內容索引 | 42 | 環境、社會及管治報告集中載述本年度本集團於中華人民共和國（「中國」或「中國內地」）、印度尼西亞及香港製造及銷售 ...

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9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: 時代集團控股有限公司 呈交日期: 2025年10月8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) | 01023 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,000,000,000 | HKD | | 0.1 | HKD | | 300,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 3,000,000,000 | HKD | | 0.1 | HKD | | 300,000,000 | 本月底法定/註冊股 ...

Core Insights - Times Group Holdings (01023) reported a revenue of HKD 1.584 billion for the year ending June 30, 2025, representing a year-on-year decrease of 1.38% [1] - The company recorded a loss attributable to shareholders of HKD 178 million, compared to a profit of HKD 102 million in the same period last year, resulting in a basic loss per share of HKD 0.185 [1] - A special dividend of HKD 0.04 per share was declared for the year [1] Financial Performance - The decline in revenue was primarily due to a significant decrease in the fair value of investment properties, amounting to approximately HKD 109 million [1] - The termination of the Cole Haan business resulted in a one-time substantial loss of approximately HKD 83.6 million [1]

Core Viewpoint - Times Group Holdings (01023.HK) reported a year-on-year revenue decline of approximately 1.4% to around HKD 1.58 billion for the fiscal year ending June 30, 2025, primarily due to weak manufacturing performance [1] Financial Performance - The company recorded a net loss of approximately HKD 178 million for the year, compared to a net profit of about HKD 102 million in 2024 [1] - The significant loss was attributed to a substantial decrease in the fair value of investment properties by approximately HKD 109 million and a one-time major loss of about HKD 83.6 million from the termination of the Cole Haan business [1] - The loss attributable to ordinary equity holders was HKD 0.185 per share [1] Brand Overview - As of June 30, 2025, the company operates three proprietary brands: TUSCAN'S, Fashion&Joy, and Duffy [1] - TUSCAN'S is an Italian premium handbag brand [1] - Fashion&Joy is designed for independent, confident, and fashion-seeking young individuals, offering handcrafted and unique travel bags and business accessories [1] - Duffy is a brand that incorporates traditional Eastern artistic elements, aimed at modern women, with the goal of becoming a new iconic luxury brand in China [1]

Core Viewpoint - Times Group Holdings (01023) announced a special dividend of HKD 0.04 per share, to be distributed on December 22, 2025, for the fiscal year ending June 30, 2025 [1] Company Summary - The special dividend reflects the company's financial strategy and commitment to returning value to shareholders [1]

Group 1 - The company, Times Group Holdings, announced a special dividend of HKD 0.04 per share, which will be distributed on December 22, 2025, for the fiscal year ending June 30, 2025 [1]

SITOY GROUP HOLDINGS LIMITED 薪酬委員會（「委 員 會」）職權範圍 成 員 會議次數及程序 – 1 – 1. 委員會成員須由公司的董事會（「董事會」）委 任，成 員 人 數 不 少 於 三 名，委 員 會 的 大 部 分 成 員 須 為 公 司 的 獨 立 非 執 行 董 事。 2. 委 員 會 主 席 須 由 董 事 會 委 任 並 由 公 司 的 獨 立 非 執 行 董 事 擔 任。 3. 董 事 會 可 以 通 過 決 議 撤 銷 對 委 員 會 成 員 的 委 任 並 另 行 委 任 新 成 員。 4. 委 員 會 成 員 不 可 委 任 替 代 成 員。 5. 公 司 秘 書 擔 任 委 員 會 的 秘 書。 6. 委 員 會 須 至 少 每 年 一 次 舉 行 會 議。當 委 員 會 之 工 作 有 需 要 或 董 事 會 要 求 時，須 舉 行 額 外 會 議。 7. 委 會 員 主 席 可 酌 情 決 定 召 開 額 外 會 議。 8. 會 議 的 法 定 人 數 為 兩 名 獨 立 非 執 行 董 事。 9. 但 凡 有 關 委 員 會 成 員 薪 酬 的 議 案 ...

SITOY GROUP HOLDINGS LIMITED 時代集團控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：1023） （以 下 稱「公 司」） 提名委員會（「委 員 會」）職權範圍 成 員 會議次數及程序 – 1 – 1. 委員會成員須由公司的董事會（「董事會」）委 任，成 員 人 數 不 少 於 三 名 且 應 有 至 少 一 名 不 同 性 別 的 成 員，委 員 會 的 大 部 分 成 員 須 為 公 司 的 獨 立 非 執 行 董 事。 2. 委 員 會 主 席 須 由 董 事 會 委 任 並 由 董 事 會 主 席 或 公 司 獨 立 非 執 行 董 事 擔 任。 3. 董 事 會 可 以 通 過 決 議 撤 銷 對 委 員 會 成 員 的 委 任 並 另 行 委 任 新 成 員。 4. 委 員 會 成 員 不 可 委 任 替 代 成 員。 5. 公 司 秘 書 擔 任 委 員 會 的 秘 書。 6. 委 員 會 須 至 少 每 年 一 次 舉 行 會 議。當 委 員 會 之 工 作 有 需 要 或 董 事 會 要 求 時，須 舉 行 額 外 會 ...