致：香港交易及結算所有限公司 公司名稱: 毅興行有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2025年10月2日 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9月30日 狀態: 新提交 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) | 01047 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 800,000,000 | HKD | | 0.1 | HKD | | 80,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 800,000,000 | HKD | | 0.1 | HKD | | 80,000,000 ...

Group 1 - The company reported a revenue of approximately HKD 1.3485 billion for the fiscal year ending June 30, 2025, representing a year-on-year growth of 5.65% [1] - The company's shareholders' profit attributable to them was HKD 339,000, marking a turnaround from a loss to a profit compared to the previous year [1] - Earnings per share were reported at HKD 0.0009 [1]

[Consolidated Financial Statements](index=1&type=section&id=I.%20Consolidated%20Financial%20Statements) [Consolidated Income Statement](index=1&type=section&id=I.A.%20Consolidated%20Income%20Statement) The Group achieved revenue growth and turned profitable in FY2025, with profit attributable to company shareholders and basic earnings per share both turning positive Consolidated Income Statement Key Data | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Revenue from contracts with customers | 1,348,511 | 1,276,350 | | Gross profit | 218,491 | 199,263 | | Operating profit | 30,142 | 18,098 | | Profit/(Loss) before tax | 9,470 | (4,638) | | Profit/(Loss) for the year | 1,349 | (16,833) | | Profit/(Loss) attributable to company shareholders | 339 | (18,041) | | Basic earnings/(loss) per share (HK cents per share) | 0.09 | (4.89) | [Consolidated Statement of Comprehensive Income](index=2&type=section&id=I.B.%20Consolidated%20Statement%20of%20Comprehensive%20Income) The Group's total comprehensive income turned profitable in FY2025, reversing the loss in FY2024, primarily due to the profit for the year turning positive Consolidated Statement of Comprehensive Income Key Data | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Profit/(Loss) for the year | 1,349 | (16,833) | | Other comprehensive income for the year | — | 340 | | Total comprehensive income/(loss) for the year | 1,349 | (16,493) | | Total comprehensive income/(loss) attributable to company shareholders | 339 | (17,796) | [Consolidated Balance Sheet](index=3&type=section&id=I.C.%20Consolidated%20Balance%20Sheet) As of June 30, 2025, the Group's total assets and total equity increased, with current and total liabilities also rising, reflecting business expansion and financing structure changes Consolidated Balance Sheet Key Data | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Total assets | 1,068,579 | 1,016,883 | | Total equity | 528,030 | 519,297 | | Total liabilities | 540,549 | 497,586 | | Current liabilities | 532,353 | 491,314 | [Notes to the Financial Statements](index=5&type=section&id=II.%20Notes%20to%20the%20Financial%20Statements) [Basis of Preparation](index=5&type=section&id=II.A.%20Basis%20of%20Preparation) Financial statements are prepared in accordance with HKFRS and the Hong Kong Companies Ordinance, using the historical cost convention, and disclose adopted and unadopted new accounting standards and their impact - Financial statements are prepared in accordance with Hong Kong Financial Reporting Standards issued by the Hong Kong Institute of Certified Public Accountants and the Hong Kong Companies Ordinance (Cap. 622)[6](index=6&type=chunk) - The historical cost convention is adopted, with certain financial assets and liabilities (such as financial assets at fair value through other comprehensive income, financial assets at fair value through profit or loss, and derivative financial instruments) and investment properties measured at fair value[7](index=7&type=chunk) - HKFRS 18 "Presentation and Disclosure in Financial Statements", not yet adopted, is expected to impact the presentation of the income statement and future financial statement disclosures, effective for annual periods beginning on or after January 1, **2027**[10](index=10&type=chunk) [Revenue and Segment Information](index=7&type=section&id=II.B.%20Revenue%20and%20Segment%20Information) The Group's primary revenue is from the sale of goods, with external customer revenue growing by 5.7% in FY2025, mainly driven by the Trading segment, and Mainland China being the largest market FY2025 External Customer Revenue (by Business Segment) | Business Segment | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Year-on-year Change | | :--- | :--- | :--- | :--- | | Trading | 857,240 | 771,942 | +11.1% | | Colourants | 358,179 | 367,439 | -2.5% | | Engineering Plastics | 133,092 | 136,969 | -2.8% | | Others | — | — | — | | **Total** | **1,348,511** | **1,276,350** | **+5.7%** | FY2025 External Customer Revenue (by Region) | Region | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Hong Kong | 291,923 | 341,160 | | Other regions (primarily Mainland China) | 1,056,588 | 935,190 | - Revenue recognition policy dictates recognition when control of goods is transferred to the customer, products are accepted, no unfulfilled obligations exist, sales amounts are reliably measurable, and future economic benefits are probable to flow to the entity[21](index=21&type=chunk) [Other Income and Gains/Losses](index=11&type=section&id=II.C.%20Other%20Income%20and%20Gains%2FLosses) Other income in FY2025, primarily rental income, slightly decreased, while net other losses were mainly impacted by fair value losses on investment properties, partially offset by government grants and foreign exchange gains Other Income | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Rental income | 6,397 | 6,641 | | Other income | — | 10 | | **Total** | **6,397** | **6,651** | Other (Losses)/Gains - Net | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Fair value (loss)/gain on investment properties | (3,942) | 2,807 | | Fair value gain/(loss) on financial assets at fair value through profit or loss | 217 | (1,398) | | Fair value (loss)/gain on derivative financial instruments | 360 | 10 | | Government grants | 1,506 | 1,595 | | Foreign exchange gain/(loss) | 259 | (380) | | **Total** | **(1,499)** | **2,634** | - In FY2025, the Group received government grants of approximately **HK$1,506 thousand** from Mainland China to support operations, with no attached conditions[23](index=23&type=chunk) [Expense Analysis](index=13&type=section&id=II.D.%20Expense%20Analysis) Total cost of sales, distribution costs, and administrative expenses increased in FY2025, with materials and trading inventories and employee benefits being major components, while net finance expenses decreased due to lower borrowing interest Total Cost of Sales, Distribution Costs and Administrative Expenses | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Materials and inventories cost for trading business | 1,046,956 | 984,384 | | Employee benefit expenses | 140,476 | 134,934 | | Cost of sales | 1,130,020 | 1,077,087 | | Distribution costs | 84,040 | 81,723 | | Administrative expenses | 110,753 | 109,227 | | **Total** | **1,324,813** | **1,268,037** | Finance Income and Expenses | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Finance income | 1,016 | 865 | | Finance expenses | (21,688) | (23,601) | | **Net finance expenses** | **(20,672)** | **(22,736)** | [Tax Expense](index=14&type=section&id=II.E.%20Tax%20Expense) Tax expense significantly decreased in FY2025, mainly due to reduced PRC Enterprise Income Tax and the reversal of prior year over-provision, with the Group subject to taxes in Hong Kong and Mainland China, where some subsidiaries enjoy preferential rates Tax Expense in Consolidated Income Statement | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Hong Kong Profits Tax | 372 | 335 | | PRC Enterprise Income Tax | 10,897 | 14,144 | | Over-provision in prior year | (3,562) | (234) | | Deferred tax | 414 | (2,050) | | **Total** | **8,121** | **12,195** | - Hong Kong Profits Tax rate is **16.5%**, while the PRC Enterprise Income Tax rate is **25%**, with some high-tech enterprises enjoying a preferential rate of **15%**[25](index=25&type=chunk) [Dividends](index=14&type=section&id=II.F.%20Dividends) The Board decided not to declare any interim or final dividends for the second half of 2023, FY2024, the second half of 2024, and FY2025, to retain sufficient funds for business development - The Board resolved not to declare any interim dividend for the six months ended December 31, **2023**[27](index=27&type=chunk) - The Board resolved not to declare any final dividend for the year ended June 30, **2024**[27](index=27&type=chunk) - The Board resolved not to declare any final dividend for the year ended June 30, **2025**[27](index=27&type=chunk) [Earnings/(Loss) Per Share](index=15&type=section&id=II.G.%20Earnings%2F%28Loss%29%20Per%20Share) Basic earnings per share turned positive in FY2025, from a loss of 4.89 HK cents per share in FY2024 to a profit of 0.09 HK cents per share, reflecting improved profitability Basic Earnings/(Loss) Per Share | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Profit/(Loss) attributable to company shareholders (HK$ thousand) | 339 | (18,041) | | Weighted average number of ordinary shares in issue during the year | 369,200,000 | 369,200,000 | | **Basic earnings/(loss) per share (HK cents per share)** | **0.09** | **(4.89)** | - There were no potentially dilutive ordinary shares in FY2025 and FY2024, thus diluted earnings/(loss) per share was equal to basic earnings/(loss) per share[30](index=30&type=chunk) [Trade and Bills Receivables](index=15&type=section&id=II.H.%20Trade%20and%20Bills%20Receivables) As of June 30, 2025, total trade and bills receivables increased, with a significant rise in bills receivables, primarily denominated in RMB and mostly within 90 days aging Trade and Bills Receivables | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Trade receivables | 200,215 | 202,720 | | Bills receivables | 62,246 | 41,113 | | **Total** | **262,461** | **243,833** | Trade Receivables (by Currency) | Currency | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | HKD | 19,750 | 37,404 | | RMB | 167,588 | 157,213 | | USD | 13,603 | 12,291 | - Trade receivables are generally payable within **30 to 90 days** and primarily denominated in RMB[31](index=31&type=chunk) - As of June 30, 2025, the Group discounted approximately **HK$44,426 thousand** of bank acceptance bills to banks for cash, classified as pledged bank advances[31](index=31&type=chunk)[32](index=32&type=chunk) [Trade and Bills Payables](index=17&type=section&id=II.I.%20Trade%20and%20Bills%20Payables) As of June 30, 2025, total trade and bills payables significantly increased, primarily denominated in USD and RMB, with most falling within the 90-day aging period Trade and Bills Payables | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | 0-90 days | 81,405 | 49,774 | | 91-180 days | 287 | 2,479 | | Over 180 days | 948 | 1,225 | | **Total** | **82,640** | **53,478** | Trade and Bills Payables (by Currency) | Currency | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | HKD | — | 30 | | RMB | 15,631 | 35,152 | | USD | 67,009 | 18,296 | [Capital Commitments](index=17&type=section&id=II.J.%20Capital%20Commitments) As of June 30, 2025, the Group's contracted but unprovided capital commitments for property, plant, and equipment amounted to HK$1,441 thousand, a decrease from the previous year Capital Commitments | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Contracted but not provided for | 1,441 | 2,300 | [Management Discussion and Analysis](index=18&type=section&id=III.%20Management%20Discussion%20and%20Analysis) [Business Review](index=18&type=section&id=III.A.%20Business%20Review) In FY2025, the Group achieved a 5.7% increase in total turnover and a 9.6% rise in gross profit, successfully turning losses into profits amidst a complex political and economic environment, with all business segments showing improvement or resilience through cost control, market expansion, and policy alignment FY2025 Key Financial Indicators | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Year-on-year Change | | :--- | :--- | :--- | :--- | | Total Turnover | 1,348,511 | 1,276,350 | +5.7% | | Gross Profit | 218,491 | 199,263 | +9.6% | | Gross Profit Margin | 16.2% | 15.6% | +0.6pp | | Profit/(Loss) attributable to company shareholders | 339 | (18,041) | Turned profitable | | Profit/(Loss) before tax | 9,470 | (4,638) | Turned profitable | [Overall Performance](index=18&type=section&id=III.A.1.%20Overall%20Performance) Despite complex global political and economic challenges and weak demand, the Group achieved a 5.7% increase in total turnover and a 9.6% rise in gross profit, successfully turning losses into profits through product optimization, customer structure refinement, and diversified strategies - The global political and economic environment remains complex and uncertain, with weak end-user demand and cautious customer ordering due to an unfavorable market consumption sentiment[37](index=37&type=chunk) - The Group maintained stable operations, optimized its product portfolio, refined its customer structure, seized policy opportunities, and pursued diversified strategic initiatives[37](index=37&type=chunk) - The Board recommended no final dividend payment to retain sufficient funds for business development[38](index=38&type=chunk) [Plastics Raw Material Trading Business](index=19&type=section&id=III.A.2.%20Plastics%20Raw%20Material%20Trading%20Business) Benefiting from national automotive and home appliance subsidy policies, improved domestic turnover efficiency led to steady sales growth, an 11.1% increase in turnover, slight gross margin improvement, and a 56.3% reduction in loss before tax - Turnover: **HK$857,240 thousand** (2025) vs **HK$771,942 thousand** (2024), a year-on-year increase of **11.1%**[39](index=39&type=chunk) - Gross profit margin slightly improved by **1.1 percentage points**[39](index=39&type=chunk) - Loss before tax narrowed by **56.3%** to **HK$15,893 thousand** (2025) vs **HK$36,382 thousand** (2024)[39](index=39&type=chunk) [Colourants, Colour Masterbatches and Compounding Business](index=19&type=section&id=III.A.3.%20Colourants%2C%20Colour%20Masterbatches%20and%20Compounding%20Business) Despite domestic overcapacity and rising production costs, this business showed resilience, supported by automotive industry subsidies and traditional food packaging, maintaining production scale and slightly decreasing turnover by 2.5%, with a minor decline in profit before tax - Turnover: **HK$358,179 thousand** (2025) vs **HK$367,439 thousand** (2024), a slight decrease of **2.5%**[40](index=40&type=chunk) - Gross profit margin remained similar to the prior year[40](index=40&type=chunk) - Profit before tax: **HK$24,059 thousand** (2025) vs **HK$25,500 thousand** (2024)[40](index=40&type=chunk) [Engineering Plastics Business](index=19&type=section&id=III.A.4.%20Engineering%20Plastics%20Business) Affected by tariff policies, customer ordering strategies tightened, impacting order volumes; however, through refined cost control and expanded customer bases, turnover slightly decreased, but gross margin improved by 2.8 percentage points, and profit before tax grew by 1.8% year-on-year - Turnover: **HK$133,092 thousand** (2025) vs **HK$136,969 thousand** (2024)[41](index=41&type=chunk) - Gross profit margin improved by **2.8 percentage points**[41](index=41&type=chunk) - Profit before tax: **HK$11,064 thousand** (2025) vs **HK$10,868 thousand** (2024), a year-on-year increase of **1.8%**[41](index=41&type=chunk) [Outlook and Strategy](index=20&type=section&id=III.B.%20Outlook%20and%20Strategy) Facing complex geopolitical and economic environments, the Group will adhere to a "seeking progress while maintaining stability" approach and a "balanced domestic and international, diversified synergy" strategy, focusing on national policy opportunities, expanding into overseas emerging markets, optimizing production flexibility, reducing reliance on single markets, and exploring high-value-added application scenarios to enhance risk resistance and sustainable development capabilities - Continuously uphold the "seeking progress while maintaining stability" strategic approach and implement a "balanced domestic and international, diversified synergy" layout strategy[42](index=42&type=chunk) - Focus on national policy trends, maintain the core customer base, and expand new customer sources; look to overseas emerging markets, build a diversified customer system, and mitigate risks from single-market policy fluctuations[42](index=42&type=chunk) - The Vietnam sales office is operating stably, with plans to systematically allocate profitable business resources and identify regions with stable investment environments and sufficient market potential for establishing overseas production bases[42](index=42&type=chunk) - Strengthen the development of end-customers in Southeast Asia and Europe, reduce reliance on the US export industry chain, and actively explore development opportunities in nationally supported industries such as automotive and home appliances, deepening innovation in high-value-added application scenarios[42](index=42&type=chunk) - Optimize cost management and production planning to enhance flexibility in capacity allocation; dynamically adjust inventory strategies to balance the cost advantages of bulk purchasing with the demand for urgent order stocking[43](index=43&type=chunk) [Liquidity and Financial Resources](index=21&type=section&id=III.C.%20Liquidity%20and%20Financial%20Resources) The Group primarily uses internal cash flow and bank loans for working capital, possessing ample bank loan facilities, sufficient cash and cash equivalents, and a healthy gearing ratio as of June 30, 2025 - Available bank loan facilities of approximately **HK$662,792 thousand**, with approximately **HK$355,619 thousand** utilized as of June 30, 2025[44](index=44&type=chunk) - Cash and cash equivalents of approximately **HK$193,161 thousand** as of June 30, 2025[44](index=44&type=chunk) - Gearing ratio of approximately **28.2%** as of June 30, 2025, calculated as net debt divided by total capital[44](index=44&type=chunk) [Foreign Exchange Risk](index=21&type=section&id=III.D.%20Foreign%20Exchange%20Risk) The Group's borrowings, bank balances, and purchases primarily involve HKD, RMB, and USD, with foreign exchange risk managed through close monitoring of exchange rate fluctuations and entering into forward foreign exchange contracts - The Group's borrowings and bank balances are primarily in HKD, RMB, and USD, while purchases are mainly denominated in USD[45](index=45&type=chunk) - Exchange rate fluctuation risk is managed through hedging forward foreign exchange contracts[45](index=45&type=chunk) Maximum Notional Amount of Outstanding Contracts | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Sell HKD to buy USD | 257,400 | 304,200 | [Employees Information](index=21&type=section&id=III.E.%20Employees%20Information) As of June 30, 2025, the Group had approximately 628 full-time employees, with remuneration policies based on individual performance and regular review, offering bonus schemes, social/medical insurance, and provident fund plans - As of June 30, 2025, the Group had approximately **628** full-time employees[46](index=46&type=chunk) - Remuneration policies are formulated based on individual performance and regularly reviewed, including a bonus scheme[46](index=46&type=chunk) - Social or medical insurance and provident fund schemes are provided for employees in different regions[46](index=46&type=chunk) [Criteria for Determining Directors' Remuneration](index=21&type=section&id=III.F.%20Criteria%20for%20Determining%20Directors%27%20Remuneration) Directors' remuneration levels are benchmarked against market standards, considering individual capabilities, contributions, and the company's affordability, while offering similar benefit plans to other Group employees - Directors' remuneration levels are benchmarked against market standards, considering individual capabilities, contributions, and the company's affordability[47](index=47&type=chunk) - Benefit plans similar to those offered to other Group employees are provided[47](index=47&type=chunk) [Other Corporate Information](index=22&type=section&id=IV.%20Other%20Corporate%20Information) [Listed Securities Transactions](index=22&type=section&id=IV.A.%20Listed%20Securities%20Transactions) Neither the Company nor any of its subsidiaries purchased, sold, or redeemed the Company's listed securities during the current year - The Company did not redeem its shares during the current year[48](index=48&type=chunk) - Neither the Company nor any of its subsidiaries purchased or sold the Company's listed securities during the current year[48](index=48&type=chunk) [Compliance with Model Code for Securities Transactions by Directors](index=22&type=section&id=IV.B.%20Compliance%20with%20Model%20Code%20for%20Securities%20Transactions%20by%20Directors) The Company has adopted a code for directors' securities transactions no less exacting than the Model Code in Appendix C3 of the Listing Rules, and all directors confirmed compliance with this code - The Company has adopted a code for directors' securities transactions no less exacting than the Model Code set out in Appendix C3 of the Listing Rules[49](index=49&type=chunk) - All directors confirmed compliance with the Model Code and the Company's own code for directors' securities transactions during the period[49](index=49&type=chunk) [Annual General Meeting](index=22&type=section&id=IV.C.%20Annual%20General%20Meeting) The Annual General Meeting will be held on Thursday, November 20, 2025, with the relevant notice to be published and dispatched in accordance with the Listing Rules - The Annual General Meeting will be held on **Thursday, November 20, 2025**[50](index=50&type=chunk) - Share transfer registration will be suspended from **Monday, November 17, 2025**, to **Thursday, November 20, 2025**[36](index=36&type=chunk) [Corporate Governance](index=22&type=section&id=IV.D.%20Corporate%20Governance) The Company is committed to establishing sound corporate governance practices and complies with Appendix C1 of the Listing Rules, with an Audit Committee, Remuneration Committee, Nomination Committee, and Corporate Governance Committee ensuring effective internal control, risk assessment, and board operations - The Company is committed to establishing sound corporate governance practices and procedures, and complies with Appendix C1 "Corporate Governance Code" of the Listing Rules[51](index=51&type=chunk) - The functions of Chairman and Chief Executive Officer are not separated, with the CEO's responsibilities jointly undertaken by all executive directors (including the Chairman), an arrangement the Board believes is in the Group's best interest and will be regularly reviewed[51](index=51&type=chunk) [Corporate Governance Practices](index=22&type=section&id=IV.D.1.%20Corporate%20Governance%20Practices) The Company is committed to establishing sound corporate governance practices and complies with Appendix C1 of the Listing Rules; the Chairman and CEO functions are jointly held by executive directors, an arrangement the Board deems to be in the Group's best interest - The Company is committed to establishing sound corporate governance practices and procedures, and complies with Appendix C1 "Corporate Governance Code" of the Listing Rules[51](index=51&type=chunk) - The functions of Chairman and Chief Executive Officer should be separate, but currently, the CEO's responsibilities are jointly undertaken by all executive directors (including the Chairman)[51](index=51&type=chunk) [Scope of Work of PricewaterhouseCoopers](index=22&type=section&id=IV.D.2.%20Scope%20of%20Work%20of%20PricewaterhouseCoopers) PricewaterhouseCoopers has reconciled the consolidated financial statement figures in the preliminary results announcement with the draft consolidated financial statements, but their work does not constitute an assurance engagement and no opinion or assurance conclusion has been issued - The auditor, PricewaterhouseCoopers, has reconciled the financial figures in the preliminary results announcement with the draft consolidated financial statements[52](index=52&type=chunk) - The auditor's work does not constitute an assurance engagement, and no opinion or assurance conclusion has been issued on the preliminary results announcement[52](index=52&type=chunk) [Audit Committee](index=23&type=section&id=IV.D.3.%20Audit%20Committee) The Audit Committee, comprising three independent non-executive directors, acts as a liaison between the Board and auditors, reviewing external audit work, internal control and risk assessment effectiveness, and annual financial statements - The Audit Committee comprises **three** independent non-executive directors[53](index=53&type=chunk) - Responsible for reviewing the Company's external audit work, internal control, and risk assessment effectiveness[53](index=53&type=chunk) - Reviewed the accounting principles and methods adopted by the Group with management, and discussed internal control and financial reporting matters with the directors, including the review of annual financial statements[53](index=53&type=chunk) [Remuneration Committee](index=23&type=section&id=IV.D.4.%20Remuneration%20Committee) The Remuneration Committee, consisting of three independent non-executive directors and one executive director, is responsible for establishing formal and transparent remuneration policies, overseeing the remuneration packages of executive directors and senior management, and meeting at least annually to evaluate performance and review remuneration - The Remuneration Committee comprises **three** independent non-executive directors and **one** executive director[54](index=54&type=chunk) - Responsible for ensuring formal and transparent remuneration policy formulation procedures to oversee the remuneration packages of executive directors and senior management[54](index=54&type=chunk) - Holds at least one meeting annually to evaluate performance and review the annual remuneration and bonuses of senior management[54](index=54&type=chunk) [Nomination Committee](index=23&type=section&id=IV.D.5.%20Nomination%20Committee) The Nomination Committee, composed of three independent non-executive directors and one executive director, regularly reviews the Board's structure, size, and composition, identifies qualified director candidates, assesses the independence of independent non-executive directors, and advises on director appointments and succession planning, while considering Board diversity - The Nomination Committee comprises **three** independent non-executive directors and **one** executive director[55](index=55&type=chunk) - Responsible for regularly reviewing the Board's structure, size, and composition, identifying qualified director candidates, and assessing the independence of independent non-executive directors[55](index=55&type=chunk) - Considers Board diversity, including gender, age, cultural and educational background, ethnicity, professional experience, skills, knowledge, and length of service[55](index=55&type=chunk) [Corporate Governance Committee](index=24&type=section&id=IV.D.6.%20Corporate%20Governance%20Committee) The Corporate Governance Committee, composed of all independent non-executive directors, is responsible for developing and reviewing the Group's corporate governance policies, monitoring director and senior management training, reviewing legal compliance, and developing codes of conduct and compliance manuals - The Corporate Governance Committee comprises all independent non-executive directors[56](index=56&type=chunk) - Responsible for developing and reviewing the Group's corporate governance policies and implementation, and providing recommendations to the Board[56](index=56&type=chunk) - Reviews and monitors the training and continuous professional development of directors and senior management, as well as the Group's compliance with legal and regulatory requirements[56](index=56&type=chunk) [Publication of Annual Results and Annual Report](index=24&type=section&id=IV.E.%20Publication%20of%20Annual%20Results%20and%20Annual%20Report) The annual results announcement has been published on the HKEX and Company websites, and the annual report will be dispatched to shareholders and posted on these websites at a later date - The annual results announcement has been published on the HKEX website (https://www.hkexnews.hk) and the Company website (https://www.nhh.com.hk)[57](index=57&type=chunk) - The annual report will be dispatched to shareholders and posted on the HKEX website and the Company website at a later date[57](index=57&type=chunk)

Core Viewpoint - The company expects to report a loss of HKD 18.041 million for the year ending June 30, 2024, but anticipates a profit of no more than HKD 1 million for the year ending June 30, 2025, amid a challenging global economic environment [1] Group 1: Financial Performance - The company reported a loss of HKD 18.041 million for the fiscal year ending June 30, 2024 [1] - For the fiscal year ending June 30, 2025, the company expects to achieve a profit of no more than HKD 1 million [1] Group 2: Market Conditions - The global political and economic environment remains complex and uncertain, with weak terminal demand persisting [1] - Unclear US tariff policies are impacting the global supply chain dynamics [1] - The consumer sentiment in the Canadian market is not ideal, leading to cautious order placements by clients [1] Group 3: Operational Strategies - The company maintains a prudent management philosophy and continues to optimize its product mix [1] - The company focuses on refining its customer structure [1] - The company is seizing policy opportunities and advancing diversification strategies, which have led to increases in overall sales volume, total revenue, and gross profit margin [1]

Core Viewpoint - The company anticipates a significant loss of HKD 18.041 million for the fiscal year ending June 30, 2024, but expects to achieve a profit of no more than HKD 1 million for the fiscal year ending June 30, 2025, amidst a challenging global economic environment [1] Group 1: Financial Performance - The company reported a projected loss of HKD 18.041 million for the fiscal year ending June 30, 2024 [1] - For the fiscal year ending June 30, 2025, the company expects to record a profit of no more than HKD 1 million [1] Group 2: Market Conditions - The global political and economic environment remains complex and uncertain, with weak terminal demand persisting [1] - Unclear U.S. tariff policies are impacting the global supply chain dynamics [1] - The market consumption atmosphere in Canada is not ideal, leading to cautious order placements by customers [1] Group 3: Strategic Initiatives - The company maintains a prudent operating philosophy and continues to optimize its product mix [1] - The company focuses on refining its customer structure [1] - The company is seizing policy opportunities and advancing diversification strategies, which have contributed to an increase in overall sales volume, total revenue, and gross profit margin [1]

格隆汇9月23日丨毅兴行(01047.HK)公告，比对截至2024年6月30日止年度公司股东应占亏损1804.1万港 元，预期集团于截至2025年6月30日止年度将录得公司股东应占溢利不多于100万港元。 于本年度内，全球政经环境依旧复杂不明，外围终端需求疲弱势态未改，美国关税政策尚不明晰，影响 全球供应链格局，加市场消费气氛不尽理想，客户下单趋于审慎，令行业整体营运持续承压。不过由于 (一)集团坚持稳健经营理念，持续优化产品组合；(二)精耕客户结构；及(三)紧抓政策机遇并推进多元化 布局，集团于年度内整体销量、总营业额和毛利率均有所上升，并录得溢利。 ...

Ngai Hing Hong Company Limited 毅興行有限公司* 香港交易及結算所有限公司及香港聯合交易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。 本 公 司 董 事 會（「 董 事 會 」）謹 此 通 知 本 公 司 股 東（「 股 東 」）及 潛 在 投 資 者 ， 根 據 本 集 團 截 至 二 零 二 五年 六 月 三 十 日 止 年 度 （ 「 本 年 度 」 ） 之 未 經 審 核 管 理 賬 目 及 董 事 會 目 前 可 獲 得 的 資 料 而 作 出 的 初 步 評 估 ， 比 對 截 至 二 零 二 四年 六 月 三 十 日 止 年 度 之 公 司 股 東 應 佔 虧 損 18,041,000港 元 ， 預 期 本 集 團 於 截 至 二 零 二 五 年 六 月 三 十 日 止 年 度 將 錄 得 公 司 股 東 應 佔 溢 利 不 多 於 1,000,000港 元 。 於 本 年 度 內 ， 全 球 政 經 環 境 依 舊 複 雜 不 明 ， 外 圍 ...

格隆汇9月15日丨毅兴行(01047.HK)宣布，公司将于2025年9月29日(星期一)在香港沙田火炭禾盛街十号 海辉工业中心六楼三室举行董事会会议，藉以(其中包括)考虑及批准刊发公司及其附属公司截至2025年 6月30日止年度的年度业绩公告，以及考虑派发末期股息(如有)。 ...

香港交易及結算所有限公司及香港聯合交易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。 Ngai Hing Hong Company Limited 毅興行有限公司* （於百慕達註冊成立之有限公司） （股份代號：1047） 網址：https://www.nhh.com.hk 董事會召開日期 毅興行有限公司(「本公司」)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)在香港沙田火炭禾盛街十號海輝工業中心六樓三室舉行董事會會議，藉以（其 中包括）考慮及批准刊發本公司及其附屬公司截至二零二五年六月三十日止年度的年度業績 公告，以及考慮派發末期股息（如有）。 承董事會命 毅興行有限公司* 主席 許世聰 香港，二零二五年九月十五日 於本公告之日期，董事會包括六名執行董事，即許世聰先生（主席）、許國光先生、吳志明先生、許人權先生、 許文偉先生及許人龍先生，及三名獨立非執行董事，即程如龍先生、余志光先生及廖秀麗女士。 * 僅供識別 ...

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8月31日 狀態: 新提交 | 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) | 01047 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 800,000,000 | HKD | | 0.1 HKD | | 80,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 800,000,000 | HKD | | 0.1 HKD | | 80,000,000 | 本月底法定/註冊股本總額： HKD 80,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 致：香港交易及結算所有限公司 ...