Group 1 - The company reported a revenue of HKD 151 million for the fiscal year ending June 30, 2025, representing a year-on-year decrease of 0.66% [1] - The annual profit increased to HKD 27.06 million, showing a significant year-on-year increase of 372.75% [1] - The basic earnings per share were reported at HKD 0.0805 [1]

Group 1 - The company reported revenue of HKD 151 million for the year ending June 30, 2025, representing a year-on-year decrease of 0.66% [1] - The annual profit increased to HKD 27.06 million, showing a significant year-on-year increase of 372.75% [1] - The basic earnings per share were HKD 0.0805 [1]

Annual Performance Overview The Group achieved revenue of HKD 151 million in FY2025, a slight decrease of 0.7% year-on-year, with profit significantly increasing to HKD 27.06 million from HKD 5.724 million in the prior year, and basic earnings per share rising to 8.05 HK cents [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=1&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) The Group's FY2025 revenue was HKD 151 million, a slight 0.7% decrease year-on-year, while profit for the year significantly increased to HKD 27.06 million from HKD 5.724 million in the previous year, with basic earnings per share reaching 8.05 HK cents Consolidated Statement of Profit or Loss and Other Comprehensive Income (HKD Thousand) | Indicator | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 151,280 | 152,279 | -0.66% | | Gross Profit | 92,895 | 93,513 | -0.66% | | Profit Before Tax | 24,716 | 3,812 | +548.37% | | Profit for the Year | 27,060 | 5,724 | +372.77% | | Total Comprehensive Income for the Year | 46,108 | 15,938 | +189.29% | | Basic Earnings Per Share (HK Cents) | 8.05 | 2.18 | +269.27% | [Consolidated Statement of Financial Position](index=3&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total net assets increased significantly to HKD 222 million from HKD 165 million in the prior year, with net current assets also rising to HKD 135 million from HKD 97.644 million, indicating continuous financial improvement Consolidated Statement of Financial Position (HKD Thousand) | Indicator | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Non-current Assets | 90,228 | 70,840 | +27.37% | | Current Assets | 217,347 | 171,576 | +26.69% | | Current Liabilities | 81,978 | 73,932 | +10.88% | | Net Current Assets | 135,369 | 97,644 | +38.65% | | Total Assets Less Current Liabilities | 225,597 | 168,484 | +33.90% | | Net Assets | 222,112 | 165,412 | +34.28% | | Total Equity | 222,112 | 165,412 | +34.28% | Notes to the Consolidated Financial Statements This section details the basis of preparation, accounting standard updates, revenue breakdown, depreciation, income tax, dividends, earnings per share, inventory, and accounts receivable/payable [1. Basis of Preparation](index=5&type=section&id=1.%20Basis%20of%20Preparation) The consolidated financial statements are prepared on a historical cost basis, except for defined benefit retirement plans, and comply with Hong Kong Financial Reporting Standards and generally accepted accounting principles - Financial statements are primarily prepared on a historical cost basis, adhering to Hong Kong Financial Reporting Standards and generally accepted accounting principles issued by the Hong Kong Institute of Certified Public Accountants[7](index=7&type=chunk) [2. Application of New and Revised Hong Kong Financial Reporting Standards](index=5&type=section&id=2.%20Application%20of%20New%20and%20Revised%20Hong%20Kong%20Financial%20Reporting%20Standards) The Group adopted new and revised HKFRS effective July 1, 2024, with no material impact on current or prior period financial performance, and is currently assessing the impact of HKFRS 18 - The Group first applied new and revised Hong Kong Financial Reporting Standards effective on or after July 1, 2024, with no material impact on financial performance or position[8](index=8&type=chunk) - The Group is assessing the impact of adopting HKFRS 18 (Presentation and Disclosure in Financial Statements), which will affect the presentation of profit or loss[9](index=9&type=chunk)[10](index=10&type=chunk) [3. Revenue and Segment Information](index=6&type=section&id=3.%20Revenue%20and%20Segment%20Information) The Group's revenue primarily stems from technology businesses (system sales and services, system product leasing) and cultural product sales, totaling HKD 151 million in FY2025, with technology businesses contributing HKD 126 million and system product leasing HKD 25.478 million - The Group's operating and reportable segments are categorized as sales of cultural products, technology: system sales (including software licenses and services), and technology: leasing of system products[13](index=13&type=chunk) Revenue by Source (HKD Thousand) | Revenue Source | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Technology—System Sales (including software licenses) | 72,621 | 80,446 | -9.60% | | Technology—Provision of Installation and Maintenance Services | 53,181 | 47,278 | +12.49% | | Technology—Leasing of System Products | 25,478 | 24,555 | +3.76% | | **Total Revenue** | **151,280** | **152,279** | **-0.66%** | Segment Results (HKD Thousand) | Segment Result | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Sales of Cultural Products | (1,068) | (470) | +127.23% (Loss Widened) | | Technology: System Sales (including software licenses and services) | 13,887 | 16,151 | -14.02% | | Technology: Leasing of System Products | 3,406 | 2,537 | +34.25% | | **Total Segment Results** | **16,225** | **18,218** | **-10.94%** | [4. Depreciation](index=8&type=section&id=4.%20Depreciation) In FY2025, depreciation of property, plant, and equipment amounted to HKD 11.26 million, and right-of-use assets depreciation was HKD 4.096 million, both recognized as general and administrative expenses Depreciation by Type (HKD Thousand) | Depreciation Type | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Depreciation of Property, Plant and Equipment | 11,260 | 9,401 | +19.77% | | Depreciation of Right-of-Use Assets | 4,096 | 3,743 | +9.43% | [5. Income Tax](index=9&type=section&id=5.%20Income%20Tax) Income tax credit increased to HKD 2.344 million in FY2025 from HKD 1.912 million in FY2024, with key tax rates including Germany at 31.43%, Malaysia at 24%, and the UK at 25%, and UK R&D tax credit rising to 20% Income Tax Credit (HKD Thousand) | Tax Item | 2025 (HKD Thousand) | 2024 (HKD Thousand) | | :--- | :--- | :--- | | Current Tax | (2,280) | 1,178 | | Under/(Over) Provision in Prior Years | (64) | (3,090) | | **Income Tax Credit** | **(2,344)** | **(1,912)** | - The UK R&D expenditure credit increased from **10% in 2024 to 20%**, which can be carried forward to offset future corporate tax liabilities[19](index=19&type=chunk) [6. Dividends](index=9&type=section&id=6.%20Dividends) No dividends were paid or proposed by the Group for the year ended June 30, 2025 - No dividends were paid or proposed for both FY2025 and FY2024[20](index=20&type=chunk) [7. Earnings Per Share](index=10&type=section&id=7.%20Earnings%20Per%20Share) Basic earnings per share significantly increased to 8.05 HK cents in FY2025 from 2.18 HK cents in FY2024, with diluted earnings per share being identical due to the absence of potential ordinary shares Earnings Per Share Analysis | Indicator | 2025 | 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Profit for the Year (HKD Thousand) | 27,060 | 5,724 | +372.77% | | Weighted Average Number of Ordinary Shares (Thousand Shares) | 335,989 | 262,434 | +28.03% | | **Basic Earnings Per Share (HK Cents)** | **8.05** | **2.18** | **+269.27%** | [8. Inventories](index=10&type=section&id=8.%20Inventories) As of June 30, 2025, total inventories were HKD 18.77 million, slightly lower than HKD 20.255 million in 2024, including HKD 0.55 million in finished goods (cultural products) stored in a renowned security company's insured warehouse Inventories by Type (HKD Thousand) | Inventory Type | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Raw Materials | 7,158 | 7,525 | -4.88% | | Work-in-Progress | 2,947 | 3,657 | -19.42% | | Finished Goods | 8,665 | 9,073 | -4.49% | | **Total Inventories** | **18,770** | **20,255** | **-7.33%** | - Finished goods include **HKD 0.55 million** of cultural products (precious gemstones and artworks) stored in an insured warehouse of a world-renowned security company[22](index=22&type=chunk) [9. Trade and Other Receivables](index=11&type=section&id=9.%20Trade%20and%20Other%20Receivables) As of June 30, 2025, total trade and other receivables increased to HKD 46.761 million from HKD 40.015 million in 2024, with trade receivables having credit terms of 30 to 180 days and the majority being current Receivables by Type (HKD Thousand) | Receivable Type | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Trade Receivables | 19,073 | 11,381 | +67.58% | | Other Receivables | 27,688 | 28,634 | -3.29% | | **Total** | **46,761** | **40,015** | **+16.86%** | Aging Analysis of Trade Receivables (HKD Thousand) | Aging Analysis (Trade Receivables) | 2025 (HKD Thousand) | 2024 (HKD Thousand) | | :--- | :--- | :--- | | 0-60 Days | 15,973 | 10,630 | | 61-90 Days | 2,884 | 661 | | 91-180 Days | 203 | 90 | | Over 180 Days | 13 | — | | **Total** | **19,073** | **11,381** | - The Group extends credit terms of **30 to 180 days** to trade customers and regularly assesses customer creditworthiness[23](index=23&type=chunk) [10. Loans Receivable](index=12&type=section&id=10.%20Loans%20Receivable) As of June 30, 2025, net loans receivable were HKD 2.684 million, slightly up from HKD 2.628 million in 2024, being unsecured, personally guaranteed, denominated in RMB, with an 8% annual interest rate, and due within 12 months Loans Receivable (HKD Thousand) | Indicator | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Loans Receivable | 2,764 | 2,733 | +1.14% | | Less: Provision for Impairment Loss | (80) | (105) | -23.81% | | **Net Amount** | **2,684** | **2,628** | **+2.13%** | - Loans receivable are unsecured, personally guaranteed, denominated in RMB, bear a fixed annual interest rate of **8%**, and are due within twelve months from the drawdown date[24](index=24&type=chunk) [11. Trade and Other Payables](index=12&type=section&id=11.%20Trade%20and%20Other%20Payables) As of June 30, 2025, total trade and other payables increased to HKD 47.314 million from HKD 43.521 million in 2024, with trade payables amounting to HKD 4.129 million and credit terms of 30 to 60 days Payables by Type (HKD Thousand) | Payable Type | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Trade Payables | 4,129 | 3,308 | +24.82% | | Other Payables | 43,185 | 40,213 | +7.39% | | **Total** | **47,314** | **43,521** | **+8.72%** | - Credit terms for purchases of goods range from **30 to 60 days**[26](index=26&type=chunk) Management Discussion and Analysis This section provides an overview of financial performance, brand repositioning, revenue and profitability analysis, business review across segments, future outlook, and financial management strategies [Financial Performance Overview](index=14&type=section&id=Financial%20Performance) The Group achieved success in government sector business due to advanced technology and working capital management, while facing UK domestic challenges and global headwinds, with Multitone investing in AI for critical messaging solutions - The Group's success in the government sector business is attributed to offering extended credit terms and rapid project execution, requiring excellent liquidity and inventory management capabilities[27](index=27&type=chunk) - The UK market faces domestic challenges such as high interest rates, increased National Insurance contributions, and National Living Wage adjustments, alongside global headwinds like geopolitical tensions and trade friction[27](index=27&type=chunk) - Multitone continues to invest in new technologies, including artificial intelligence, to solidify its position as a leading provider of critical messaging solutions[27](index=27&type=chunk) [Brand Repositioning Initiative](index=14&type=section&id=Brand%20Repositioning%20Initiative) The Group announced a brand repositioning initiative to unify its identity, enhance trust and credibility among stakeholders, strengthen market position, and become a leading provider of integrated communication and automation solutions - The Group announced brand repositioning initiative, aiming to unify its identity, enhance trust and credibility, and strengthen its market position[28](index=28&type=chunk) - The Group's vision is to become a leading provider of integrated communication and automation solutions, helping people leverage opportunities presented by applications and the Internet of Things[28](index=28&type=chunk) [Revenue Analysis](index=14&type=section&id=Revenue) For the year ended June 30, 2025, the Group's total revenue was approximately HKD 151 million, a slight decrease of 0.7% from HKD 152 million in the prior year, primarily influenced by the UK subsidiary Multitone Electronics PLC Total Revenue (HKD Million) | Indicator | 2025 (HKD Million) | 2024 (HKD Million) | Change (%) | | :--- | :--- | :--- | :--- | | Total Revenue | 151 | 152 | -0.7% | - The slight decrease in revenue was primarily due to the delivery of a backlog of orders following the resolution of supply chain issues and the early fulfillment of emergency service orders in the prior year[29](index=29&type=chunk) [Profitability Analysis](index=15&type=section&id=Profitability%20Analysis) The Group's profit attributable to owners significantly increased to HKD 27.1 million in FY2025, driven by gains from financial assets and reduced distribution costs, while gross profit margin remained stable, reflecting sustained core business profitability - The increase in profit was primarily due to a combination of gains from financial assets in the current year (compared to a loss in the prior year) and reduced distribution costs[30](index=30&type=chunk) - The overall gross profit margin percentage remained relatively stable throughout the year, reflecting sustained profitability in core operations[30](index=30&type=chunk) Profit Attributable to Owners of the Group (HKD Million) | Indicator | 2025 (HKD Million) | 2024 (HKD Million) | Change (%) | | :--- | :--- | :--- | :--- | | Profit Attributable to Owners of the Group | 27.1 | 5.7 | +375.44% | [Profit Attributable to Owners of the Company](index=15&type=section&id=Profit%20Attributable%20to%20Owners%20of%20the%20Company) As of June 30, 2025, profit attributable to owners of the Group was approximately HKD 27.1 million, a substantial increase from HKD 5.7 million in the prior year Profit Attributable to Owners of the Group (HKD Million) | Indicator | 2025 (HKD Million) | 2024 (HKD Million) | Change (%) | | :--- | :--- | :--- | :--- | | Profit Attributable to Owners of the Group | 27.1 | 5.7 | +375.44% | [Distribution Costs](index=15&type=section&id=Distribution%20Costs) Distribution costs for FY2025 were approximately HKD 25.9 million, a slight decrease from HKD 27.5 million in the prior period, mainly due to reduced sales Distribution Costs (HKD Million) | Indicator | 2025 (HKD Million) | 2024 (HKD Million) | Change (%) | | :--- | :--- | :--- | :--- | | Distribution Costs | 25.9 | 27.5 | -5.82% | [General and Administrative Expenses](index=15&type=section&id=General%20and%20Administrative%20Expenses) Total general and administrative expenses for the reporting period were approximately HKD 56.9 million, an increase of 4.6% from HKD 54.4 million in the prior period General and Administrative Expenses (HKD Million) | Indicator | 2025 (HKD Million) | 2024 (HKD Million) | Change (%) | | :--- | :--- | :--- | :--- | | General and Administrative Expenses | 56.9 | 54.4 | +4.60% | [Finance Costs](index=15&type=section&id=Finance%20Costs) Finance costs decreased to approximately HKD 0.3 million during the year, compared to approximately HKD 0.5 million in FY2024 Finance Costs (HKD Million) | Indicator | 2025 (HKD Million) | 2024 (HKD Million) | Change (%) | | :--- | :--- | :--- | :--- | | Finance Costs | 0.3 | 0.5 | -40.00% | [Business Review](index=15&type=section&id=Business%20Review) The Group's diversified business includes securities investment, technology system products, cultural product trading, and lending, with significant expansion in securities investment and innovation in technology, while cultural products faced economic slowdowns - The Group's business is diversified, encompassing securities investment, technology system products, cultural product trading, and lending operations[34](index=34&type=chunk)[36](index=36&type=chunk)[38](index=38&type=chunk)[39](index=39&type=chunk) [Securities Investment](index=15&type=section&id=Securities%20Investment) As of June 30, 2025, the Group's Hong Kong-listed securities investments at fair value through profit or loss significantly increased to approximately HKD 10.5 million from HKD 0.4 million in 2024, comprising three listed securities Financial Assets at Fair Value Through Profit or Loss (HKD Million) | Indicator | 2025 (HKD Million) | 2024 (HKD Million) | Change (%) | | :--- | :--- | :--- | :--- | | Financial Assets at Fair Value Through Profit or Loss | 10.5 | 0.4 | +2525.00% | Securities Investment Portfolio (HKD) | Company Name | Equity Percentage (2025) | Investment Cost (HKD) | Fair Value Gain/(Loss) (HKD) | Fair Value (HKD) | | :--- | :--- | :--- | :--- | :--- | | China Environmental Resources Group Limited (1130) | 3.00% | 3,331,600 | 5,317,800 | 8,649,400 | | Champion Technology Holdings Limited (92) | 0.89% | 1,951,848 | (257,064) | 1,694,784 | | Starry China Media Holdings Limited (6698) | 0.03% | 2,676,500 | (2,481,570) | 194,930 | | **Total** | | **7,959,948** | **2,579,166** | **10,539,114** | [Technology Business — System Products](index=16&type=section&id=Technology%20Business%20%E2%80%94%20System%20Products) Multitone successfully launched the cloud-based Nucleus™ messaging solution with AWS, plans AI integration, and continues EkoTek® product success in Germany, with new anti-vandalism devices expected - Successfully launched Multitone Nucleus™, a new cloud-based messaging solution, in collaboration with AWS to provide resilient cross-device critical communication applications[36](index=36&type=chunk) - Future development of Multitone Nucleus™ will incorporate artificial intelligence technology elements, offering clinical collaboration features for healthcare and operational support for property management and retail[36](index=36&type=chunk) - The EkoTek® product series continues its success in the German personal safety, lone worker, and nurse call markets, with new **IK10-rated anti-vandalism and anti-ligature devices** expected to launch in Q4 2025[37](index=37&type=chunk) [Cultural Products](index=17&type=section&id=Cultural%20Products) As of June 30, 2025, the Group's cultural product inventories (precious gemstones and artworks) were valued at approximately HKD 0.55 million, a slight decrease from HKD 0.567 million in 2024, primarily due to reduced consumer spending amid an economic slowdown Cultural Product Inventory Value (HKD) | Indicator | 2025 (HKD) | 2024 (HKD) | Change (%) | | :--- | :--- | :--- | :--- | | Cultural Product Inventory Value | 550,000 | 567,000 | -3.00% | - Cultural product trading was affected by reduced consumer spending due to the overall economic slowdown[38](index=38&type=chunk) [Lending Business](index=17&type=section&id=Lending%20Business) The Group's Chinese subsidiary provided an RMB 2.5 million unsecured loan with an 8% annual interest rate and personal guarantee, for 6-12 months, as an occasional non-core business adhering to strict credit assessment and KYC procedures - The Group's Chinese subsidiary provided an **RMB 2.5 million** loan with an **8% annual interest rate**, a term of **six to twelve months**, and a personal guarantee[39](index=39&type=chunk) - The lending business is not a primary or core operation of the company, conducted only occasionally by its mainland China subsidiary, and does not actively seek borrowers[39](index=39&type=chunk) - The Group adheres to strict credit assessment and Know Your Customer (KYC) procedures, including verifying the identity of borrowers and guarantors, proof of address, and business registration certificates[40](index=40&type=chunk)[41](index=41&type=chunk) [Outlook](index=19&type=section&id=Outlook) The Group faces a challenging business environment with UK industrial action and global economic slowdowns, but will focus on core healthcare and emergency services markets, expand into new markets, and invest in new products like Multitone Nucleus™ and AI technology - The Group faces a challenging business environment, with disruptions from UK industrial action and a global economic slowdown, though inflation is moderating[46](index=46&type=chunk) - The Group will continue to target the core UK healthcare and emergency services markets while actively exploring new markets[47](index=47&type=chunk) [Macroeconomic and Industry Trends](index=19&type=section&id=Macroeconomic%20and%20Industry%20Trends) The economic outlook indicates moderate but slowing growth, with persistent but moderating inflation, while global uncertainties like geopolitical tensions and trade policy changes continue to cloud the economic landscape - The economic outlook shows moderate but slowing growth, with inflation moderating but central banks closely monitoring its persistence[46](index=46&type=chunk) - Global uncertainties, including geopolitical tensions and evolving trade policies, continue to cloud the economic outlook[46](index=46&type=chunk) [Short-to-Medium Term Business Development](index=19&type=section&id=Short-to-Medium%20Term%20Business%20Development) The Multitone Nucleus™ platform is positioned as a core hub for real-time communication and collaboration, particularly in critical industries, generating stable subscription-based revenue, with further investment planned for AI-driven analytics - The Multitone Nucleus™ platform serves as a core hub for real-time communication and collaboration, particularly in critical industries like healthcare and public safety, expected to generate stable revenue through subscription models and long-term service contracts[48](index=48&type=chunk) - The Group will further invest in developing advanced software features for the platform, such as **AI-driven analytics**, predictive alerting systems, and enhanced security protocols[48](index=48&type=chunk) - The international sales team secured its first significant order, providing critical communication solutions to the **Falkland Islands Government**[49](index=49&type=chunk) [Product Development and Innovation](index=20&type=section&id=Product%20Development%20and%20Innovation) The next-generation Multitone Evolve™ two-way device is in pilot production, expected in Q4 2025 as a successor to traditional pagers, while Project Aura plans a GBP 1 million investment for the next-gen EkoTek® with higher bandwidth and IoT support - The next-generation **Multitone Evolve™** two-way device is in pilot production, anticipated for launch in Q4 2025 as the successor to traditional paging devices[50](index=50&type=chunk) - A **GBP 1 million** (approximately **HKD 10.9 million**) Project Aura R&D initiative will commence in the new fiscal year to develop the next generation of the EkoTek® product series, offering higher bandwidth and IoT support[51](index=51&type=chunk) [Market Expansion](index=20&type=section&id=Market%20Expansion) The UK remains the Group's largest market, with new products offering unique selling propositions, while German sales declined, a new Polish distributor was appointed for the EU, Oceania performed strongly, and the US market is seeking new partners - The UK remains the Group's largest market, with new products Multitone Nucleus™ and Multitone Evolve™ offering integrated critical messaging services for both cloud and on-premise deployments[52](index=52&type=chunk) - German sales decreased to **HKD 30.59 million** from **HKD 33.57 million** in the prior period, with a new Polish distributor, Pewna Lacznosc, appointed to expand international sales[53](index=53&type=chunk) - Sales performance in the Oceania region was strong, primarily driven by the sale of third-party wireless telephone products to Australia and EkoTek® products to New Zealand[55](index=55&type=chunk) - Measures have been taken to identify new partners in the US market, with progress expected in the new fiscal year to re-establish sales operations[56](index=56&type=chunk) [Financial Management](index=21&type=section&id=現金流動性及財務資源) The Group maintains a strong financial position with ample liquidity, no borrowings, and a zero loan-to-equity ratio, having raised funds through placings for working capital and property acquisition, while prudently managing foreign exchange risk - The Group maintains a positive and healthy financial position, with **no borrowings** and a **zero loan-to-equity ratio**[57](index=57&type=chunk) - The Group primarily relies on internal operating resources and capital markets for funding its operations and business development[65](index=65&type=chunk) [Cash Liquidity and Financial Resources](index=21&type=section&id=Cash%20Liquidity%20and%20Financial%20Resources) As of June 30, 2025, the Group's total liquidity was approximately HKD 138.7 million, with net current assets of HKD 135.4 million, no borrowings, and a zero loan-to-equity ratio, requiring significant cash reserves due to extended credit terms for government clients Cash Liquidity and Financial Resources (HKD) | Indicator | 2025 (HKD) | 2024 (HKD) | Change (%) | | :--- | :--- | :--- | :--- | | Total Liquidity (Cash and Cash Equivalents) | 138,700,000 | 109,000,000 | +27.25% | | Current Assets | 217,300,000 | 172,000,000 | +26.34% | | Current Liabilities | 82,000,000 | 74,000,000 | +10.81% | | Net Current Assets | 135,400,000 | 98,000,000 | +38.16% | | Borrowings | No | No | N/A | | Loan-to-Equity Ratio | Zero | Zero | N/A | - The UK subsidiary's operating cash flow grew steadily, but it needs to maintain significantly larger cash reserves due to extended credit terms required by government clients[58](index=58&type=chunk) [Fundraising Activities](index=21&type=section&id=Fundraising%20Activities) The Group conducted two placings in 2024 and 2025, raising net proceeds of approximately HKD 14.8 million and HKD 10.5 million respectively, primarily for general working capital and the acquisition of Hong Kong industrial property Placing Activities and Use of Proceeds (HKD) | Placing Year | Net Proceeds Raised (HKD) | Intended Use | Actual Use (as of Jun 30, 2025) | Unutilized Net Proceeds (as of Jun 30, 2025) | | :--- | :--- | :--- | :--- | :--- | | 2024 | 14,800,000 | General working capital | 10,500,000 | 4,300,000 | | 2025 | 10,500,000 | General working capital and acquisition of Hong Kong industrial property | 9,300,000 | 1,200,000 | [Treasury Policy](index=23&type=section&id=Treasury%20Policy) The Group adheres to prudent financial management, maintaining positive liquid assets and low borrowings, managing foreign exchange risk by matching income and expenses, and avoiding speculative derivatives, resulting in low interest rate risk - The Group adheres to prudent financial management principles, maintaining positive liquid assets and reasonably low borrowings[65](index=65&type=chunk) - The Group directly manages foreign exchange risk by matching foreign currency income and expenditures, avoiding speculative derivative instruments or structured products[65](index=65&type=chunk)[66](index=66&type=chunk) - The Group's borrowing level is low, and management considers interest rate risk to be low[68](index=68&type=chunk) [Commitments for Capital Expenditure](index=24&type=section&id=Commitments%20for%20Capital%20Expenditure) As of June 30, 2025, the Group had no commitments for capital expenditure - As of June 30, 2025, the Group had no commitments for capital expenditure[69](index=69&type=chunk) [Pledges](index=24&type=section&id=Pledges) Property, plant, and equipment with a total book value of approximately HKD 11.1 million were pledged as collateral for the UK subsidiary's defined benefit retirement plan Pledged Property, Plant and Equipment (HKD Million) | Pledged Asset | 2025 (HKD Million) | 2024 (HKD Million) | Change (%) | | :--- | :--- | :--- | :--- | | Total Book Value of Property, Plant and Equipment | 11.1 | 10.1 | +9.90% | - The pledged assets serve as collateral for the UK subsidiary's defined benefit retirement plan[70](index=70&type=chunk) [Contingent Liabilities](index=24&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no significant contingent liabilities - As of June 30, 2025, the Group had no significant contingent liabilities[71](index=71&type=chunk) [Significant Investments and Future Plans](index=24&type=section&id=Significant%20Investments%20and%20Future%20Plans) For the year ended June 30, 2025, the Group held no significant investments, nor were there any major acquisitions or disposals of subsidiaries, associates, or joint ventures, or future plans for significant investments or capital assets - For the year ended June 30, 2025, the Group had no significant investments, major acquisitions or disposals of subsidiaries, or future plans for capital assets[72](index=72&type=chunk) [Remuneration Policy](index=24&type=section&id=Remuneration%20Policy) The Group employs approximately 163 full-time and part-time staff globally, with employee costs of HKD 76 million in FY2025, and remuneration is determined by market levels, employee capabilities, performance, qualifications, and experience, with a share option scheme adopted for incentives Employee Costs and Headcount (HKD Million) | Indicator | 2025 (HKD Million) | 2024 (HKD Million) | Change (%) | | :--- | :--- | :--- | :--- | | Employee Costs | 76 | 79 | -3.80% | | Number of Employees | 163 | N/A | N/A | - Remuneration is benchmarked against market levels and determined based on employee capabilities, performance, qualifications, and experience[73](index=73&type=chunk) - A share option scheme has been adopted as an incentive for directors, eligible employees, and consultants[74](index=74&type=chunk) [Final Dividend](index=24&type=section&id=Final%20Dividend) The Directors do not recommend the payment of any final dividend for the year ended June 30, 2025 - The Directors do not recommend the payment of any final dividend for the year ended June 30, 2025[75](index=75&type=chunk) Other Information This section covers transactions in listed securities, the scope of the auditor's work, corporate governance practices, and the audit committee's review of financial matters [Transactions in Listed Securities](index=25&type=section&id=Transactions%20in%20Listed%20Securities) For the year ended June 30, 2025, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities - For the year ended June 30, 2025, neither the Company nor its subsidiaries engaged in the purchase, sale, or redemption of listed securities[76](index=76&type=chunk) [Scope of Work of Cheng & Cheng CPA Limited](index=25&type=section&id=Scope%20of%20Work%20of%20Cheng%20%26%20Cheng%20CPA%20Limited) The figures in the preliminary announcement's consolidated financial statements and related notes have been agreed upon by the auditor, Cheng & Cheng CPA Limited, but their work does not constitute an assurance engagement, thus no guarantee is provided for this announcement - The financial figures in the preliminary announcement's consolidated financial statements have been agreed upon by the auditor, Cheng & Cheng CPA Limited, but their work does not constitute an assurance engagement, and no guarantee is provided for this announcement[77](index=77&type=chunk) [Corporate Governance Code](index=25&type=section&id=Corporate%20Governance%20Code) The Group complied with the Corporate Governance Code in Appendix C1 of the Listing Rules for FY2025, except for Code Provision C.2.1 regarding the separation of Chairman and CEO roles, with the Chairman overseeing strategy and executive directors managing daily operations - The Group complied with the Corporate Governance Code, except for the absence of a Chief Executive Officer, with Chairman Mr. Chan Kwun Wah, Stephen, assuming overall strategic planning responsibilities[78](index=78&type=chunk) - All Directors confirmed compliance with the Model Code for Securities Transactions by Directors of Listed Issuers throughout FY2025[79](index=79&type=chunk) [Audit Committee](index=26&type=section&id=Audit%20Committee) The Company's Audit Committee reviewed the Group's adopted accounting principles and practices, internal controls, financial reporting matters, and the annual results for the year ended June 30, 2025 - The Audit Committee reviewed the Group's accounting principles, internal controls, financial reporting matters, and the annual results for FY2025[80](index=80&type=chunk)

Group 1 - The company, Kanto Group (01059.HK), announced that it will hold a board meeting on September 26, 2025 [1] - The meeting will address multiple matters, including reviewing and approving the annual performance of the company and its subsidiaries for the year ending June 30, 2025 [1] - The board will also consider the distribution of a final dividend, if applicable [1]

看通集團有限公司（「本公司」）謹此宣佈，本公司將於2025年9月26日（ 星期五 ）舉行董事會 （「 董 事 會 」）會 議 ， 藉 以 處 理 多 項 事 務 ， 包 括 研 讀 及 審 批 本 公 司 及 其 附 屬 公 司 截 至 2025 年 6月30日止年度之全年業績及其發佈，以及考慮派發末期股息（ 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。 KANTONE HOLDINGS LIMITED 看 通 集 團 有 限 公 司 （ 於開曼群島註冊成立之有限公司） （股份代號：1059） 董事會會議日期 承董事會命 看通集團有限公司 公司秘書 莊慶昌 香港，2025年9月15日 於本公佈日期，本公司之執行董事為陳冠華先生（ 主席 ）；及本公司之獨立非執行董事為梁文輝先生、鍾秀維 女士及葉偉倫先生。 ...

FF301 致：香港交易及結算所有限公司 公司名稱: 看通集團有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年9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) | 01059 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.1 HKD | | 500,000,000 | 本月底法定/註冊股本總額： HKD 500,000,000 第 1 頁 共 10 頁 v 1.1.1 股份發行人及根據《上市規則》第十九B章上市 ...

Group 1 - The company announced that Ms. Du Yanfang has decided to resign from her positions as Executive Director and Chairman of the Investment Committee due to the need to allocate more time to other matters [1] - Ms. Du will also resign from her role as the authorized representative of the company as stipulated in the Hong Kong Stock Exchange Listing Rules [1] - The resignation will take effect on August 2, 2025, as per the agreement between Ms. Du and the company [1]

Group 1 - The core point of the article is the resignation of Du Yanfang from her positions as Executive Director and Chairman of the Investment Committee at the company due to her need to allocate more time to other matters [1] - Du Yanfang also resigned from the role of authorized representative of the company as stipulated by the Hong Kong Stock Exchange Listing Rules [1]

Core Viewpoint - The company announced the resignation of Ms. Du Yanfang from her positions as Executive Director and Chairman of the Investment Committee, effective August 2, 2025, due to her need to allocate more time to other matters [1]. Group 1 - Ms. Du Yanfang will step down from her role as Executive Director and Chairman of the Investment Committee [1]. - The resignation is set to take effect on August 2, 2025 [1]. - Ms. Du has also resigned from her position as the company's authorized representative as per the Hong Kong Stock Exchange Listing Rules [1].

看通集團有限公司（「本公司」）董事會（「董事會」）成員載列如下： KANTONE HOLDINGS LIMITED 看 通 集 團 有 限 公 司 （ 於開曼群島註冊成立之有限公司） （股份代號：1059） 董事名單及其角色和職能 本公司已成立四個委員會。下表提供各董事會成員所屬委員會中所擔任職務之信息。 | 委員會 | | 人力資源及 | | | | --- | --- | --- | --- | --- | | 董事 | 審核委員會 | 薪酬委員會 | 提名委員會 | 投資委員會 | | 陳冠華先生 | — | — | — | 主席 | | 梁文輝先生 | 主席 | 主席 | 主席 | — | | 鍾秀維女士 | 成員 | 成員 | 成員 | 成員 | | 葉偉倫先生 | 成員 | 成員 | 成員 | — | 香港，2025年8月4日 執行董事 陳冠華先生 （ 主席） 獨立非執行董事 梁文輝先生 鍾秀維女士 葉偉倫先生 ...