PINE TECHNOLOGY HOLDINGS LIMITED 松景科技控股有限公司* (Incorporated in the Bermuda with limited liability) （於百慕達註冊成立之有限公司） （Stock Code 股份代號：1079） NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder(s)(Note 1) , PINE Technology Holdings Limited (the "Company") - Notice of publication of 2025 Interim Report (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.irasia.com/listco/hk/pine and the websit ...

PINE TECHNOLOGY HOLDINGS LIMITED 松景科技控股有限公司* (Incorporated in the Bermuda with limited liability) （於百慕達註冊成立之有限公司） （Stock Code 股份代號：1079） NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, Date as postmarked PINE Technology Holdings Limited (the "Company") – Notice of publication of 2025 Interim Report (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.irasia.com/listco/hk/pine and th ...

Financial Performance - The group's revenue for the period was approximately HKD 140,048,000, an increase of about 9.8% compared to HKD 127,559,000 in the same period last year[6]. - Gross profit increased from approximately HKD 1,490,000 in the previous year to about HKD 2,005,000, with a gross margin rising from approximately 1.2% to 1.4%[7]. - The group recorded a net loss attributable to shareholders of approximately HKD 6,827,000, compared to a profit of HKD 52,458,000 in the same period last year, primarily due to the absence of gains from the sale of subsidiaries[12]. - Total comprehensive loss for the period was HKD 7,746,000, down from a comprehensive income of HKD 53,590,000 in the same period last year[61]. - The company reported a pre-tax loss of HKD 6,352,000 for the current period, compared to a pre-tax profit of HKD 52,215,000 in the previous period[73][72]. - Basic and diluted loss per share for the current period was HKD 0.005, compared to earnings of approximately HKD 0.04 per share in the same period last year[77]. Expenses and Costs - Sales and distribution expenses increased by approximately 103.8% to about HKD 693,000, up from HKD 340,000 in the previous year, due to an increase in the number of sales personnel[10]. - General and administrative expenses rose by approximately 2.6% to about HKD 7,540,000, compared to HKD 7,346,000 in the previous year, mainly due to an increase in employee numbers[11]. - Employee costs, including director remuneration, amounted to approximately HKD 5,761,000, compared to HKD 5,016,000 in the same period last year, reflecting an increase of about 14.8%[31]. - The total unallocated corporate expenses for the current period were HKD 7,684,000, an increase from HKD 4,766,000 in the previous period[71][72]. Assets and Liabilities - The group's net current assets and equity attributable to shareholders were approximately HKD 75,964,000 and HKD 75,722,000, respectively, as of December 31, 2024[14]. - Cash and cash equivalents at the end of the period were HKD 75,327,000, a decrease from HKD 91,735,000 at the end of the previous year[65]. - The company's equity attributable to owners decreased to HKD 75,722,000 from HKD 83,656,000[63]. - Trade receivables net amount as of December 31, 2024, is HKD 1,179,000, compared to HKD 193,000 as of June 30, 2024, indicating a significant increase[78]. - Trade payables amount to HKD 5,000 as of December 31, 2024, with no amounts reported for June 30, 2024[79]. Segment Performance - The group’s brand products generated segment revenue of approximately HKD 19,000 and segment profit of about HKD 3,000 during the period, with plans to further develop this business segment through online sales platforms[21]. - Other brand products generated segment revenue of approximately HKD 109,098,000 and segment profit of approximately HKD 815,000, compared to HKD 101,363,000 and HKD 938,000 in the same period last year, reflecting a revenue increase of about 7.2%[23]. - The trading business reported segment revenue of approximately HKD 29,579,000 and segment profit of approximately HKD 47,000, up from HKD 24,965,000 and HKD 204,000 in the same period last year, indicating a revenue increase of about 18.5%[25]. - The computer hardware and software development segment achieved revenue of approximately HKD 1,352,000, a 10% increase from HKD 1,231,000 in the same period last year, with segment profit improving from a loss of HKD 1,510,000 to a profit of HKD 487,000[27]. Corporate Governance and Shareholder Information - The company has maintained compliance with the corporate governance code, ensuring accountability and transparency[48]. - The roles of the Chairman and CEO are held by the same individual, which deviates from the corporate governance code, but the company believes this structure is beneficial for effective strategy implementation[50]. - Major shareholder Mingzhi Global holds 454,163,680 shares, accounting for 34.23% of the issued share capital[38]. - The company has a total of 16,860,000 shares held by Mr. Zhang Sanhuo, representing approximately 1.27% of the issued share capital[36]. Future Plans and Strategies - The company plans to maintain a flexible market strategy to expand its customer base and service channels amid an uncertain global environment[28]. - The company aims to diversify its revenue sources by exploring new business opportunities[28]. - The company holds a 51% stake in a joint venture established in Shenzhen, which will expand into the measurement and control equipment integration and drone markets[27]. - The company emphasizes maintaining strong relationships with existing customers while gradually expanding its customer base through its sales network[23]. Stock Options and Capital Structure - The company has a stock option plan that allows for the issuance of up to 132,670,173 stock options, equivalent to about 10% of the issued shares as of November 28, 2019[41]. - The exercise price for stock options granted is set at HKD 0.83 and HKD 0.46 for different tranches, with a total of 16,860,000 options available for exercise[43]. - The company has a total of 72,640,000 stock options that remain unexercised as of December 31, 2024, representing approximately 5.48% of the issued share capital[46]. - No stock options were granted, exercised, canceled, or expired during the reporting period[47]. Other Relevant Information - The company does not recommend the payment of an interim dividend for the current period[33]. - The company has no significant investments or capital asset plans as of December 31, 2024[30]. - The company adopted new and revised Hong Kong Financial Reporting Standards effective from July 1, 2024, but these did not result in significant changes to accounting policies or financial statements[69]. - The company is currently evaluating the impact of new accounting standards but has not yet determined if they will significantly affect its operational performance and financial position[69]. - There were no purchases, sales, or redemptions of the company's listed securities during the reporting period[57]. - No significant subsequent events occurred after December 31, 2024, up to the report date[58].

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之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 佈 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 PINE TECHNOLOGY HOLDINGS LIMITED 松景科技控股有限公司* （於百慕達註冊成立之有限公司） （股份代號：1079） 公司秘書及授權代表變動 雷女士於財務管理及企業融資方面擁有逾17年 經 驗。於 二 零 一 六 年 十 月 至 二 零 一 八 年 七 月，彼 曾 擔 任 國 銳 生 活 有 限 公 司（前 稱 國 銳 地 產 有 限 公 司）（股 份 代 號：108）的 首 席 財 務 官 兼 公 司 秘 書，該 公 司 於 聯 交 所 主 板 上 市，從 事 物 業 開 發 及 投 資。於 二 零 一 四 年 三 月 至 二 零 一 六 年 五 月，彼 曾 擔 任 勒 泰 商 業 地 產 有 限 公 司 的 公 司 秘 書 兼 財 務 總 監，該 公 司 先 前 曾 於 聯 交 所 主 板 上 市（股 份 代 號：1 ...

PINE TECHNOLOGY HOLDINGS LIMITED 松景科技控股有限公司* ( 於百慕達註冊成立之有限公司 ) （ 股份代號 : 1079） 獨 立 非 執 行 董 事 蘇漢章先生 周春生先生 田宏先生 董事會 設 立三個委員會。 下表提供各董事會成員在 該 等 委員會中所擔任 的 角 色 。 | 董 事 委 員 會 | 審 核 委 員 會 | 薪 酬 委 員 會 | 提 名 委 員 會 | | --- | --- | --- | --- | | 董 事 | | | | | 張三貨先生 | - | M | C | | 安娟女士 | - | - | - | | 王守磊先生 | - | - | - | | 蘇漢章先生 | C | C | M | | 周春生先生 | M | M | M | | 田宏先生 | M | M | M | 附 註 : C 有 關 董 事 委 員 會 的 主 席 M 有 關 董 事 委 員 會 的 成 員 董 事 名 單 與 其 角 色 和 職 能 松景科技控股有限公司董事會 ( 「 董事會 」 ) 成 員 載 列 如 下 ： 執行董事 張三貨先生 （主席兼行政總裁） 安娟女士 ...

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之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 佈 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 （股份代號：1079） 委任執行董事 松 景 科 技 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）董 事（「董 事」） 會（「董事會」）謹 此 宣 佈，王 守 磊 先 生（「王先生」）已 獲 委 任 為 執 行 董 事，自 二 零 二 五 年 三 月 三 日 起 生 效。王 先 生 的 履 歷 詳 情 載 列 如 下。 # 僅供識別 PINE TECHNOLOGY HOLDINGS LIMITED 松景科技控股有限公司* （於百慕達註冊成立之有限公司） 王 先 生，42歲，於 香 港 及 中 華 人 民 共 和 國 資 本 市 場 擁 有 豐 富 經 驗。王 先 生 於 二 零 零 九 年 獲 得 上 海 外 國 語 大 學 經 濟 學 碩 士 學 位。加 入 本 集 團 前，彼 擔 任 魯 信 國 際 金 融 ...

Financial Performance - Revenue for the six months ended December 31, 2024, was HKD 140,048,000, an increase from HKD 127,559,000 in the same period of 2023, representing a growth of approximately 9.2%[4] - Gross profit for the same period was HKD 2,005,000, compared to HKD 1,490,000 in 2023, indicating an increase of about 34.4%[4] - The operating loss for the six months was HKD 6,326,000, a significant decrease from an operating profit of HKD 52,293,000 in the previous year[4] - The net loss attributable to shareholders for the period was HKD 7,934,000, compared to a profit of HKD 54,210,000 in the same period last year[5] - The company reported a total comprehensive loss of HKD 7,746,000 for the period, contrasting with a total comprehensive income of HKD 53,590,000 in the prior year[5] - The basic and diluted loss per share for the period was HKD (0.005), compared to earnings per share of HKD 0.040 in the previous year[5] - The group reported a pre-tax loss of HKD 6,352,000 for 2024, compared to a pre-tax profit of HKD 52,215,000 in 2023, indicating a significant decline in profitability[19] - The group recorded a net loss attributable to shareholders of approximately HKD 6,827,000 for the period, compared to a profit of approximately HKD 52,458,000 in the same period of 2023, primarily due to the absence of subsidiary sales revenue[38] Expenses and Costs - The company incurred financing costs of HKD 26,000, down from HKD 78,000 in the previous year, reflecting a decrease of approximately 66.7%[4] - Other income decreased to HKD 6,000 from HKD 26,000 in the previous year, a decline of about 76.9%[4] - Total expenses for sales and distribution increased to HKD 693,000 from HKD 340,000, marking an increase of approximately 104.1%[4] - Employee costs increased from HKD 5,016,000 in 2023 to HKD 5,761,000 in 2024, marking an increase of about 14.8%[19] - The group’s unallocated corporate expenses increased from HKD 4,766,000 in 2023 to HKD 7,684,000 in 2024, an increase of approximately 61.5%[18] - General and administrative expenses rose from approximately HKD 7,346,000 in the same period of 2023 to about HKD 7,540,000, an increase of approximately 2.6%[37] Assets and Liabilities - Non-current assets amounted to HKD 3,358 million, a decrease from HKD 2,679 million[7] - Current assets totaled HKD 87,096 million, compared to HKD 78,037 million previously, indicating an increase of approximately 11%[7] - Total liabilities were HKD 4,065 million, up from HKD 2,073 million, reflecting a significant increase of about 96%[7] - The company's equity attributable to owners decreased to HKD 83,656 million from HKD 75,722 million, a decline of approximately 10.5%[8] - The company reported a cash balance of HKD 83,646 million, compared to HKD 75,327 million, representing an increase of about 11%[7] - The company’s total assets decreased to HKD 86,389 million from HKD 78,643 million, indicating a decline of approximately 10%[8] - The company’s reserves showed a negative balance of HKD 49,014 million, worsening from HKD 56,948 million[8] - The group’s total liabilities included trade payables of HKD 5,000 as of December 31, 2024, compared to none in June 2024[27] Business Segments - The company operates four business segments: sales of branded products, sales of other brand products, trading business, and computer software and hardware development services[15] - The group generated revenue of approximately HKD 109,098,000 from the sale of computer components and consumer electronics, and approximately HKD 29,579,000 from plastic raw material trading during the period[31] - The group's brand products generated segment revenue of approximately HKD 19,000 and segment profit of approximately HKD 3,000, compared to a loss of approximately HKD 11,000 in the same period last year[49] - Other brand products achieved segment revenue of approximately HKD 109,098,000 and segment profit of approximately HKD 815,000, an increase from approximately HKD 101,363,000 and profit of approximately HKD 938,000 in the same period last year[50] - The trading business reported segment revenue of approximately HKD 29,579,000 and segment profit of approximately HKD 47,000, up from approximately HKD 24,965,000 and profit of approximately HKD 204,000 in the same period last year[54] - The segment revenue for computer software and hardware services was approximately HKD 1,352,000, a 10% increase from approximately HKD 1,231,000 in the same period last year, with a significant improvement from a loss of approximately HKD 1,510,000[58] Corporate Governance and Compliance - The company adheres to high standards of corporate governance, fully complying with the corporate governance code during the reporting period[66] - The audit committee reviewed the unaudited condensed consolidated interim financial statements for the period, affirming compliance with applicable accounting standards and regulations[80] - The audit committee consists of three independent non-executive directors, ensuring oversight of the company's financial reporting and internal controls[79] - The company has established a clear set of guidelines for employees regarding securities trading to prevent insider trading[74] - All directors confirmed compliance with the standards of conduct regarding securities trading during the reporting period[74] - There were no violations of the employee trading guidelines during the reporting period[75] Future Outlook and Strategy - The group plans to further develop its online sales platform to enhance brand image and expand customer base[49] - The group aims to maintain stable profits and achieve higher sales volumes through distribution to retailers and distributors[51] - The group is conducting market research to understand trends in the Chinese plastic raw materials market and to expand its customer base[55] - The group recognizes the increasing demand for plastic raw materials and is seizing opportunities in this market[54] - The group believes its long-standing history in the computer components and electronics industry, along with strong supplier and customer relationships, will help regain market position[53] - The economic outlook for Hong Kong and China is expected to continue a slow recovery until 2025, with significant geopolitical factors contributing to uncertainty[59] Shareholder Information - The group did not declare or recommend any dividends for the period ending December 31, 2023[23] - The board does not recommend the payment of an interim dividend for the current period[65] - The company has not adopted any new accounting standards that would significantly impact its financial reporting for the current period[12] - The company approved a new share option plan allowing the issuance of up to 132,670,173 shares, representing approximately 10% of the total shares issued as of the annual general meeting date in November 2019[73] - The exercise price for share options granted is set at HKD 0.46 per share, which is based on the higher of the closing price on the grant date or the average closing price over the preceding five trading days[70] Miscellaneous - The company has no major investments or acquisitions during the reporting period[60] - As of December 31, 2024, there are no plans for significant investments or capital assets[61] - There were no significant subsequent events reported after December 31, 2024, up to the announcement date[82] - The company did not engage in any purchases, sales, or redemptions of its listed securities during the reporting period[81] - The company will publish its interim results and report on the stock exchange and its website, ensuring transparency for shareholders[84]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 PINE TECHNOLOGY HOLDINGS LIMITED 松景科技控股有限公司* 承董事會命 本 公 告 乃 由 松 景 科 技 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「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)條及證券 及 期 貨 條 例（香 港 法 例 第571章）第XIVA部 之 內 幕 消 息 條 文（定 義 見 上 市 規 則）而 作 出。 本 公 司 之 董 事 會（「董事會」）謹 此 知 會 本 公 司 股 東（「股 東」）及 潛 在 投 資 者，根 據 本公司管理層目前可獲得之資料及本集團最近期未經審核綜合管理賬目之初 步 審 閱 及 評 估，本 集 團 預 期 於 截 至 二 零 二 四 年 十 二 月 三 十 一 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 PINE TECHNOLOGY HOLDINGS LIMITED 松景科技控股有限公司* （於百慕達註冊成立之有限公司） 公司秘書 茲 提 述 松 景 科 技 控 股 有 限 公 司（「本公司」）日 期 為 二 零 二 五 年 二 月 十 二 日 的 董 事 會 會 議 通 告（「通 告」）。除 另 有 說 明 外，本 公 告 所 用 詞 彙 與 通 告 所 界 定 者 具 有 相 同 涵 義。 本 公 司 謹 此 澄 清，通 告 之 中 英 文 版 本 均 存 在 疏 忽 錯 誤，應 修 改 如 下： "⋯approving the unaudited consolidated interim results of the Company and its subsidiaries for the six months ended 31 Decem ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分 內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 PINE TECHNOLOGY HOLDINGS LIMITED 松景科技控股有限公司* （於百慕達註冊成立之有限公司） （股份代號：1079） 董 事 會 會 議 日 期 松景科技控股有限公司（「本公司」）之董事會 (「董事會」）謹此宣佈，本公司將於 二零二五年二月二十七日（星期四）舉行董事會會議，藉以（其中包括）考慮及批准 本公司及其附屬公司截至二零二四年十二月三十日止六個月之未經審核綜合中期業績 及其發佈，以及考慮派發中期股息（如有）。 承 董 事 會 命 松 景 科 技 控 股 有 限 公 司 公司秘書 陳 卓 豪 香港，二零二五年二月十二日 於本公告日期，執行董事為張三貨先生及安娟女士；以及獨立非執行董事則為蘇漢章 先生、周春生先生及田宏先生。 * 僅供識別 ...