Core Viewpoint - The company anticipates a significant loss for the fiscal year ending June 30, 2025, contrasting with a profit recorded in the same period of 2024 [1] Financial Performance - The expected loss for the fiscal year 2025 is projected to be between approximately HKD 170 million to HKD 190 million, compared to a profit of about HKD 102 million in 2024 [1] - The anticipated loss is primarily attributed to a non-cash fair value revaluation decrease of investment properties, estimated to be between HKD 105 million to HKD 115 million [1] - Additionally, the termination of the Cole Haan business is expected to result in a significant one-time loss [1]

Core Viewpoint - The company anticipates a significant loss for the fiscal year ending June 30, 2025, primarily due to non-cash fair value revaluation losses and one-time losses from the termination of the Cole Haan business [1][2]. Group 1: Financial Performance Expectations - The company expects a loss attributable to shareholders between approximately HKD 170 million and HKD 190 million for the fiscal year ending June 30, 2025, compared to a profit of approximately HKD 102 million for the same period in 2024 [1]. - The manufacturing segment's revenue is expected to decrease compared to the segment revenue of approximately HKD 1.066 billion in 2024, with a forecasted pre-tax loss for the fiscal year ending June 30, 2025, compared to a pre-tax profit of approximately HKD 110 million in 2024 [1]. - The retail segment's revenue is expected to increase compared to the segment revenue of approximately HKD 528 million in 2024, but it is projected to incur a pre-tax loss due to a one-time significant loss of approximately HKD 83.568 million from the termination of the Cole Haan business [2]. Group 2: Property Investment Segment - The property investment segment's revenue is expected to decrease compared to the segment revenue of approximately HKD 12.399 million in 2024, with an anticipated increase in pre-tax loss compared to the pre-tax loss of approximately HKD 3.359 million in 2024 [2]. - The anticipated significant non-cash fair value reduction of approximately HKD 105 million to HKD 115 million in property investments is attributed to intense competition in the office market, weak demand, economic uncertainty, and geopolitical factors leading to a decline in premium office prices in Hong Kong [2]. Group 3: Dividend Policy - Despite the expected losses for the fiscal year ending June 30, 2025, the company's board has confirmed that the dividend policy will remain unchanged [3].

Core Viewpoint - The company anticipates a significant loss for the fiscal year ending June 30, 2025, with expected losses between approximately HKD 170 million and HKD 190 million, contrasting with a profit of about HKD 102 million for the same period in 2024 [1] Group 1: Financial Performance - The manufacturing segment is expected to see a decrease in revenue compared to approximately HKD 1.066 billion in 2024, with anticipated pre-tax losses for the fiscal year ending June 30, 2025, compared to a pre-tax profit of about HKD 110 million in 2024 [1] - The retail segment is projected to increase revenue compared to approximately HKD 528 million in 2024, but is expected to incur pre-tax losses due to a one-time significant loss of about HKD 83.568 million from the termination of the Cole Haan business [2] - The property investment segment is expected to see a decrease in revenue compared to approximately HKD 12.399 million in 2024, with anticipated pre-tax losses increasing compared to a pre-tax loss of about HKD 3.359 million in 2024, primarily due to a significant non-cash fair value reduction of between HKD 105 million and HKD 115 million [2] Group 2: Business Operations - The anticipated losses are attributed to a non-cash fair value revaluation decrease related to investment properties and significant one-time losses from the termination of the Cole Haan business [1][2] - The company maintains its dividend policy despite the expected losses for the fiscal year ending June 30, 2025 [3]

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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何 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。 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） 盈利警告 本公佈乃由時代集團控股有限公司（「本公司」，連同其附屬公司統稱為「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(2)條及香港法例第 571章證券及期貨條例第XIVA部內幕消息條文（定義見上市規則）而作出。 股東及本公司潛在投資者於買賣本公司證券時務須審慎行事。 1 截至二零二五年六月三十日止年度製造業務分部的收益預期與二零二四年同期 的分部收益約1,066,341,000港元相比將有所減少。預期截至二零二五年六月三十 日止年度將錄得分部除稅前虧損，而二零二四年同期則錄得分部除稅前溢利約 110,234,000港元。由於全球經濟不明朗及存貨過剩，客戶於下訂單時更為審慎，並已 縮減訂單規模。 截至二零二五年六月三十日止年度零 ...

Core Viewpoint - Times Group Holdings (01023.HK) announced that it will hold a board meeting on September 29, 2025, to consider and approve the publication of the annual results for the year ending June 30, 2025, and to consider the distribution of a final dividend, if any [1] Group 1 - The board meeting is scheduled for September 29, 2025 [1] - The meeting will focus on the approval of the annual performance results for the fiscal year ending June 30, 2025 [1] - The company will also consider the potential distribution of a final dividend during this meeting [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佈的內容概不 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 佈 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。 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） 董事會會議召開日期 承董事會命 時代集團控股有限公司 公司秘書 黃儒傑 香 港，二 零 二 五 年 九 月 十 二 日 於 本 公 佈 日 期，本 公 司 執 行 董 事 為 楊 華 強 先 生、楊 和 輝 博 士、楊 健 先 生 及 陳 冬 捷 先 生；及 本 公 司 獨 立 非 執 行 董 事 為 楊 志 達 先 生、關 保 銓 先 生 及 李 寶 玉 女 士。 時代集團控股有限公司（「本公司」）之董事會（「董事會」）謹 此 宣 佈，本 公 司 將 於 二零二五年九月二十九日（星 期 一）舉 行 董 事 會 會 議，藉 以（其 中 包 括）考慮及批 准刊發本公司及其附屬公司截至 ...

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8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: 時代集團控股有限公司 呈交日期: 2025年9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) | 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/註冊股本 ...

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 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) | 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/註冊股本總額： HKD 300,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 截至月份: 2025 ...

Revenue Performance - Retail segment revenue increased by approximately 25.6% to about HKD 315.7 million, driven by online and live sales channels[6] - The manufacturing segment revenue decreased by approximately 11.6% year-on-year, generating about HKD 491.4 million from external customers, with a pre-tax profit of approximately HKD 33.5 million[9] - Property investment segment generated revenue of approximately HKD 6.6 million, with a pre-tax loss of about HKD 0.8 million due to a fair value revaluation loss of approximately HKD 3.3 million[10] - The company's revenue for the six months ending December 31, 2024, was approximately HKD 813.7 million, slightly down from HKD 813.8 million for the same period in 2023[16] - Total revenue for the six months ended December 31, 2024, was HKD 813,710,000, a slight decrease of 0.02% compared to HKD 813,833,000 in 2023[65] - Retail segment revenue was HKD 315,691,000, up from HKD 251,432,000, representing a year-over-year increase of 25.5%[89][90] - Manufacturing segment revenue decreased to HKD 491,410,000 from HKD 555,788,000, a decline of 11.6%[89][90] - Revenue from Mainland China, Hong Kong, Macau, and Taiwan increased to HKD 436,838,000, up 4.8% from HKD 416,923,000 in 2023[98] - Revenue from Europe rose to HKD 134,859,000, a 10.5% increase from HKD 122,505,000 in 2023[98] - Revenue from other Asian countries surged to HKD 134,190,000, a significant increase of 45.5% from HKD 92,187,000 in 2023[98] - Revenue from North America decreased to HKD 97,438,000, down 42.9% from HKD 170,438,000 in 2023[98] Financial Losses and Expenses - The retail segment recorded a pre-tax loss of approximately HKD 85.0 million, compared to a pre-tax profit of about HKD 13.1 million in the same period last year, primarily due to the termination of the Cole Haan business[6] - The company recorded a loss of approximately HKD 67.1 million for the period, compared to a profit of about HKD 53.6 million in the same period last year[23] - Selling and distribution expenses rose by approximately 29.2% from about HKD 103.4 million to approximately HKD 133.7 million, primarily due to marketing activities in the retail business[19] - Administrative expenses increased by approximately 6.9% from about HKD 114.6 million to approximately HKD 122.5 million, attributed to the operation of the new factory in Indonesia[20] - The company reported a net loss of HKD 67,083,000 for the period, compared to a profit of HKD 53,554,000 in the same period of 2023, representing a decrease of approximately 20.8%[74] - Basic loss per share was HKD 6.96, compared to earnings of HKD 5.55 per share in the prior year[67] - The company experienced a foreign exchange loss of HKD 17,590,000 related to the translation of overseas operations[69] - The company’s operating profit before tax was reported as a loss of HKD 58,865,000, compared to a profit of HKD 67,597,000 in the previous year, indicating a significant downturn in operational performance[75] Capital Expenditures and Investments - Capital expenditures for the six months ending December 31, 2024, were approximately HKD 39.1 million, mainly for expanding retail operations in China and Indonesia, and upgrading manufacturing facilities[26] - The company invested HKD 23,587,000 in property, plant, and equipment during the period, down from HKD 33,068,000 in the previous year, reflecting a cautious approach to capital expenditure[75] - The company acquired property, plant, and equipment at a cost of approximately HKD 39,092,000, an increase from HKD 34,419,000 in the previous year[123] Corporate Governance and Compliance - The audit committee, consisting of independent non-executive directors, has reviewed the financial reporting system and discussed accounting policies with external auditors[47] - The company has adopted corporate governance practices to ensure transparency and accountability to shareholders, complying with the corporate governance code[46] - The board of directors is committed to enhancing corporate governance standards to maximize shareholder value[46] - The company remains focused on risk management and internal controls as part of its governance framework[46] - No insider trading violations were reported among employees who may have access to inside information during the six months ending December 31, 2024[45] Share Incentive Plan - The company granted a total of 9,000,000 shares under the share incentive plan to nine participants, including an executive director and other senior managers, with a fair value of HKD 2.00 per share at the grant date[55] - The total number of shares available for grant under the share incentive plan as of December 31, 2024, is 70,681,152 shares, representing approximately 7.32% of the company's issued share capital[60] - The share incentive plan is set to expire on July 11, 2028, with approximately three years and four months remaining from the date of the mid-term report[54] - The company has not granted any share incentives during the six months ending December 31, 2024[59] - The vesting conditions for the share incentives include the achievement of certain financial targets set by the company[55] - The board of directors retains discretion to determine the vesting criteria and conditions for the share incentives[55] Employee and Operational Metrics - The company has established a live sales team with over 200 members, achieving satisfactory results in digital sales[8] - The group employed approximately 4,500 employees as of December 31, 2024, providing various benefits and training programs[37] - The new factory in Indonesia, covering over 15,000 square meters, is expected to start operations by the end of 2024 and generate revenue by January 2025, with a target of 3,000 employees at full capacity[14] Cash Flow and Liquidity - As of December 31, 2024, the group's cash and cash equivalents amounted to approximately HKD 437.5 million, down from HKD 460.6 million as of June 30, 2024[30] - The company experienced a decrease in cash and cash equivalents, with a net decrease of HKD 17,428,000 for the period, compared to an increase of HKD 32,711,000 in the prior year[77] - The company’s cash flow from financing activities showed a net outflow of HKD 50,581,000, compared to HKD 83,322,000 in the previous year, indicating a reduction in financing costs[77] Asset and Liability Management - Total assets as of December 31, 2024, amounted to HKD 3,101,712,000, down from HKD 3,264,913,000 as of June 30, 2024[92][94] - Total liabilities were HKD 1,543,436,000, a decrease from HKD 1,586,561,000 as of June 30, 2024[92][94] - The total equity attributable to owners of the company as of December 31, 2024, was HKD 1,791,309,000, an increase from HKD 1,779,748,000 at the beginning of the period[74] Miscellaneous - The company has not engaged in any purchase, sale, or redemption of its listed securities during the six months ending December 31, 2024[48] - The company has not identified any additional individuals or entities with significant shareholdings that require disclosure under the Securities and Futures Ordinance[44] - The group had no outstanding bank or other borrowings as of December 31, 2024, indicating a capital debt ratio of zero[30] - The company confirmed an expense of approximately HKD 929,000 related to the share incentive plan for the six months ended December 31, 2024[135] - The company has not experienced any significant events after the reporting period that could impact user economic decisions based on the financial statements[137]

Financial Performance - The total revenue for the six months ending December 31, 2024, was approximately HKD 813.7 million, compared to HKD 813.8 million for the same period in 2023, indicating a stable performance [2]. - Gross profit decreased by approximately 4.1% to about HKD 274.1 million, down from HKD 285.8 million in the same period of 2023 [3]. - The company reported a loss of approximately HKD 67.1 million for the period, contrasting with a profit of approximately HKD 53.6 million in the same period of 2023 [3]. - Basic loss per share for the period was approximately HKD 6.96, compared to a basic earnings per share of approximately HKD 5.55 in the same period of 2023 [3]. - Total revenue for the six months ended December 31, 2024, was HKD 813,710,000, slightly down from HKD 813,833,000 in the same period last year, representing a decrease of 0.02% [31]. - The company reported a pre-tax profit of HKD 67,597,000 for the six months ended December 31, 2024, compared to HKD 72,422,000 in the previous year, indicating a decline of 6.4% [25]. - The group recorded a loss of approximately HKD 67.1 million for the period, compared to a profit of approximately HKD 53.6 million in the same period last year, primarily due to global inflationary pressures and the termination of the Cole Haan business [84]. Segment Performance - For the six months ending December 31, 2024, total revenue was HKD 813,710,000, with retail contributing HKD 315,691,000, manufacturing HKD 491,410,000, and property investment HKD 6,609,000 [23]. - The company reported a total segment loss of HKD 52,194,000, with retail segment loss at HKD 84,970,000 and property investment loss at HKD 761,000 [23]. - Retail segment revenue increased by approximately 25.6% to HKD 315.7 million, but recorded a pre-tax loss of HKD 85.0 million due to the termination of the Cole Haan business [62]. - Manufacturing segment revenue decreased by approximately 11.6% year-on-year, generating segment revenue of HKD 491.4 million with a pre-tax profit of HKD 33.5 million [65]. - The property investment segment generated revenue of approximately HKD 6.6 million, with a pre-tax loss of about HKD 0.8 million due to a fair value revaluation loss of approximately HKD 3.3 million [68]. Assets and Liabilities - Total assets as of December 31, 2024, amounted to HKD 1,978.14 million, with total liabilities of HKD 295.93 million, resulting in a net asset value of HKD 1,682.21 million [12]. - Cash and cash equivalents as of December 31, 2024, were HKD 437.53 million, down from HKD 460.55 million as of June 30, 2024 [11]. - Trade receivables decreased to HKD 259.78 million from HKD 297.19 million, indicating a reduction in outstanding customer payments [11]. - The company’s non-current assets totaled HKD 1,061.65 million, slightly up from HKD 1,060.14 million as of June 30, 2024 [11]. - Trade payables as of December 31, 2024, totaled HKD 121,395,000, down from HKD 133,554,000 as of June 30, 2024 [59]. - The group has no outstanding bank loans or other borrowings as of December 31, 2024, indicating a capital debt ratio of zero [94]. Expenses and Income - The cost of sales increased by approximately 2.2% from about HKD 528.0 million for the six months ended December 31, 2023, to about HKD 539.6 million for the six months ended December 31, 2024 [77]. - Selling and distribution expenses increased by approximately 29.2% from about HKD 103.4 million for the six months ended December 31, 2023, to about HKD 133.7 million for the same period in 2024 [80]. - Administrative expenses rose by approximately 6.9% from about HKD 114.6 million for the six months ended December 31, 2023, to about HKD 122.5 million for the same period in 2024, attributed to the operation of the Indonesian factory [81]. - Other income and gains increased from approximately HKD 10.2 million for the six months ended December 31, 2023, to about HKD 12.7 million for the same period in 2024, primarily due to a foreign exchange gain of approximately HKD 6.6 million [82]. Taxation - The estimated taxable profit generated in Hong Kong for the six months ending December 31, 2024, is subject to a tax rate of 16.5%, consistent with the previous year [44]. - The income tax expense for the six months ending December 31, 2024, totals HKD 8,218,000, a decrease of 41.3% from HKD 14,043,000 in the same period last year [46]. - The income tax expense for mainland China subsidiaries is calculated at a statutory rate of 25%, unchanged from the previous year [45]. - The total current tax expense for the six months ending December 31, 2024, includes HKD 10,072,000 for Hong Kong, HKD 1,836,000 for mainland China, and HKD 132,000 for other regions [46]. Corporate Governance and Compliance - The board has adopted corporate governance practices that comply with the requirements of the corporate governance code [109]. - The company will continue to enhance its corporate governance standards to ensure transparency and accountability to shareholders [108]. - The audit committee has been established according to corporate governance guidelines, consisting of independent non-executive directors [110]. - As of December 31, 2024, the interim financial statements for the six months have not been audited, but discussions regarding accounting policies have taken place with management and external auditors [110]. Future Outlook and Strategy - The company plans to expand its online business into other Asian countries such as Thailand, Malaysia, and Singapore in the near future [72]. - The Indonesian factory is expected to commence operations by the end of 2024 and start generating revenue in January 2025, with a target workforce of 3,000 employees at full capacity [74]. - The company aims to optimize costs by seeking competitively priced quality materials and upgrading production facilities [67]. - The company has established a live sales team with over 200 members, enhancing its e-commerce platform development [64]. Employee and Workforce - As of December 31, 2024, the group had approximately 4,500 employees, with competitive compensation and benefits compared to market standards [102]. - The company is committed to improving the working environment and living conditions for employees, including various amenities and recreational facilities [102]. - The company has implemented a stock option plan and a share reward plan to recognize employee contributions [103].