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。 本公告乃本公司根據上市規則第13.09條以及香港法例第571章證券及期貨條例第 XIVA部項下內幕消息條文（定義見上市規則）而作出。 董事會謹此通知本公司股東、認股權證持有人及潛在投資者，根據對目前本集團二零 二五財政年度之可得資料進行之初步審閱，相比二零二四財政年度股東應佔溢利約 390,000,000港元，預期本集團將錄得股東應佔溢利介乎約160,000,000港元至 240,000,000港元。 APAC RESOURCES LIMITED 亞太資源有限公司* （於百慕達註冊成立之有限公司） （股份代號：1104） （認股權證代號：2478） 內幕消息 及 盈利警告 本公司股東、認股權證持有人及潛在投資者於買賣本公司證券時，務請審慎行事。 本公告乃亞太資源有限公司（「本公司」）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條以及香港法例第571章證券及期貨條例第XIVA部項下 ...

第 1 頁 共 10 頁 v 1.1.1 FF301 | 證券代號 (如上市) | 01104 | 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 | | 1 HKD | | 3,000,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 3,000,000,000 | HKD | | 1 HKD | | 3,000,000,000 | 本月底法定/註冊股本總額： HKD 3,000,000,000 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 01104 | ...

Summary of Key Points Core Viewpoint - As of August 14, 200 stocks reached their 52-week highs, with notable performances from China Shun Ke Long (00974), Weijun Biotechnology (00660), and Century Group International (02113) leading the list with high rates of increase [1][2]. 52-Week High Rankings - China Shun Ke Long (00974) achieved a closing price of 1.380 and a peak price of 1.890, marking a 50.00% increase [2]. - Weijun Biotechnology (00660) closed at 0.239 with a peak of 0.280, reflecting a 40.70% increase [2]. - Century Group International (02113) had a closing price of 0.172 and a peak of 0.235, resulting in a 39.88% increase [2]. - Other notable stocks include: - China International (01064) with a 35.71% increase [2]. - Harmony Auto (03836) with a 22.91% increase [2]. - Guolian Communication (08060) with a 22.73% increase [2]. Additional Stocks with Significant Increases - Several other companies also showed notable increases, including: - Paig BioPharma-B (02565) with a 20.22% increase [2]. - Dinos Environmental (01452) with a 19.13% increase [2]. - Via Biotechnology (01873) with a 15.89% increase [2]. - The list continues with various companies achieving increases ranging from 10% to 15% [2][3]. 52-Week Low Rankings - The report also highlights stocks that reached their 52-week lows, such as: - Xi Ye Rong Technology (08107) with a decrease of 10.53% [6]. - Kun Group (00924) with a decrease of 9.84% [6]. - Lu Jin (01098) with a decrease of 9.21% [7].

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 | | | 公司名稱: 亞太資源有限公司 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) | 01104 | 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 | | | 1 HKD | | 3,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 3,000,000,000 | HKD | | | 1 HKD | | 3,000,000,000 | 本月底法定/註冊股本總額： HKD 3,000,000,000 第 1 頁 共 10 頁 v ...

鉴于各国央行持续买入黄金、地缘政治局势紧张、经济不确定性加剧，以及近期去美元化与美元资产流 走的新趋势，公司对黄金的前景保持乐观。这将为Donlin项目未来几年的最终开发创造有利条件，而建 设及生产进程的推进可望重塑Novagold股份价值。董事认为，此项投资不仅能创造丰厚回报，亦高度契 合公司价值创造的战略重点。 公司专注于天然资源领域的战略投资，强调采矿机会，特别是采矿业。Novagold作为领先的黄金开采企 业，过往曾持有阿拉斯加Donlin Gold项目("Donlin")50%权益。该项目属世界级资源，拥有约3,900万盎 司探明及控制级别黄金资源量，平均品位达2.24克╱吨。 过去数年间，由于合资者Barrick Mining Corporation战略聚焦于铜等其他大型项目，开发进度较为缓 慢。Novagold近期宣布斥资10亿美元收购Barrick所持50%权益，其中Novagold出资2亿美元将持股比例 提升至60%，PaulsonAdvisors("Paulson")以8亿美元收购40%权益。Donlin项目已形成新的股权结构，双 方股东均有意推进项目开发。Novagold及Paulson ...

Group 1 - The company, Asia Pacific Resources, announced the acquisition of 5.882 million shares of Bellevue Gold, representing approximately 0.40% of the expanded issued share capital after the placement, for about 5 million AUD at a price of approximately 0.85 AUD per share [1] - The company also acquired an additional 2 million shares of Bellevue Gold through on-market trading for a net amount of approximately 1.791 million AUD, at a price of about 0.90 AUD per share [1] - Prior to these transactions, the company had purchased a total of 12.5 million shares of Bellevue Gold over the past 12 months for a net amount of approximately 14.221 million AUD, at an average price of about 1.14 AUD per share [1] Group 2 - Bellevue Gold operates the high-grade Bellevue Gold Mine in Western Australia, with gold reserves of 1.5 million ounces and a grade of 5.0 grams per tonne [2] - The company has revised its production guidance for the fiscal year ending June 30, 2025, down from 150,000 to 165,000 ounces to a new range of 129,000 to 134,000 ounces, while also increasing its ongoing cost guidance from 1,900 to 2,100 AUD per ounce to 2,425 to 2,525 AUD per ounce [2] - Bellevue Gold aims to achieve an annual production target of 190,000 ounces of gold by the fiscal year ending June 30, 2027 [2] Group 3 - Despite short-term operational challenges, Bellevue Gold is taking decisive actions to review and optimize its mining plans and is closing recent forward gold sales contracts [3] - The company raised 156.5 million AUD through a placement to fund the settlement of recent hedge contracts, execute revised mining plans, and strengthen its balance sheet [3] - The company remains optimistic about the gold outlook due to rising geopolitical tensions and ongoing economic uncertainty, which have driven demand for safe-haven assets, reinforcing its confidence in Bellevue Gold's quality assets [3]

Financial Performance - For the six months ended December 31, 2024, the company recorded a net loss attributable to shareholders of HK$309,884,000, primarily due to a HK$111,986,000 impairment loss on Mount Gibson Iron Limited and a HK$132,552,000 loss shared from it[19]. - The company reported a net loss attributable to shareholders of HK$309,884,000 for the six months ended 31 December 2024, compared to a net profit of HK$593,272,000 for the same period in 2023[27]. - The underlying segment loss for 1H FY2025 was HK$191,956,000, primarily driven by the Resource Investment and Commodity Business divisions, which reported losses of HK$183,612,000 and HK$6,468,000 respectively[27]. - The combined net attributable loss from associates Mount Gibson, Tanami Gold, and Metals X for 1H FY2025 was HK$22,687,000, a significant decline from a profit of HK$298,065,000 in 1H FY2024[29]. - The company reported a loss before taxation of HK$324,020,000, compared to a profit of HK$591,908,000 for the same period in 2023[189]. - The loss for the period attributable to owners of the company was HK$309,884,000, compared to a profit of HK$593,272,000 in the prior year[189]. - Basic and diluted loss per share for the period was HK$22.8 cents, compared to earnings of HK$45.5 cents per share in the same period last year[189]. - Total revenue for the six months ended December 31, 2024, was HK$147,813,000, a decrease of 84.3% compared to HK$941,434,000 for the same period in 2023[189]. - Gross profit for the period was HK$5,749,000, down 92.5% from HK$77,055,000 in the previous year[189]. - Total comprehensive income for the period was HK$(419,432,000), down from HK$627,860,000 in the prior year, indicating a decrease of approximately 167%[191]. Economic Outlook - China's full-year GDP growth for 2024 was 5%, slightly surpassing market expectations of 4.8%, but did not restore broad-based confidence in the economy[12]. - The company maintains a cautious near-term outlook for the global economy and commodities due to potential demand destruction from trade wars, particularly with China[153]. - The company acknowledges short-term volatility but maintains a fundamentally optimistic view on the commodities sector[20]. - The company highlights the resilience of the US economy but notes risks of elevated interest rates due to persistent inflation and reduced expectations for US rate cuts in 2025[153]. - Ongoing stimulus measures in China include stock swap programs, interest rate cuts, and debt packages, aimed at stabilizing the economy and supporting GDP growth[16]. Investment Strategy - The company remains optimistic about the long-term outlook for commodities, driven by the global transition to green energy and the expansion of AI infrastructure, increasing demand for materials like copper, tin, lithium, and rare earth elements[20]. - The company is focused on capturing long-term opportunities through disciplined, high-quality investments across a diversified portfolio[20]. - The company will regularly review its investment strategy to mitigate risks associated with market sentiment influenced by commodity prices, interest rates, and geopolitical conditions[152]. - The company emphasizes the importance of shareholder support and confidence in its vision and strategy[22]. Dividends and Shareholder Returns - The company has decided not to declare a dividend at this time due to current economic uncertainties, with plans to review the dividend policy based on evolving market conditions[21]. - The company has decided not to declare dividends due to current economic uncertainties, while continuously reviewing its dividend policy based on market conditions[24]. - A final dividend of HK$0.10 per share was declared for the year ended June 30, 2024, totaling approximately HK$135,664,000 paid or payable in cash[145]. - The company declared a final dividend of HKD 0.10 per share for the year ending June 30, 2024, amounting to approximately HKD 135,664,000, with no dividend proposed for the six months ending December 31, 2024[150]. Geopolitical and Market Risks - Geopolitical risks may be easing, with a ceasefire between Israel and Hamas and active negotiations regarding the Russia-Ukraine conflict, which could alleviate inflationary pressures and improve global supply chain stability[18]. - The geopolitical risks are easing, which may help alleviate inflationary pressures and improve global supply chain stability[23]. Asset and Liability Management - As of December 31, 2024, the Group's non-current assets were HK$1,389,185,000, and net current assets were HK$1,900,523,000, with a current ratio of 3.8 times[113][115]. - Borrowings as of December 31, 2024, totaled HK$578,774,000, an increase from HK$280,105,000 as of June 30, 2024[117]. - The Group's liquidity position is supported by undrawn letter of credit, bank, and other loan facilities amounting to HK$406,366,000 as of December 31, 2024[117]. - The current ratio decreased from 7.7 times as of June 30, 2024, to 3.8 times as of December 31, 2024, indicating a tighter liquidity position[113][115]. - The Group provided for impairment losses on loan receivables of approximately HK$588,000 during the period, compared to a reversal of impairment loss of HK$24,110,000 in the first half of FY2024[102][106]. Operational Performance - The Resource Investment division posted a fair value loss of HK$199,084,000 in 1H FY2025, resulting in a segment loss of HK$183,612,000[64]. - The Commodity Business generated a segment loss of HK$6,468,000 in 1H FY2025, compared to a profit of HK$69,373,000 in 1H FY2024[94]. - The Energy segment reported a fair value loss of HK$61,989,000 in 1H FY2025, with a carrying value of HK$262,074,000 as of December 31, 2024[87]. - The Base Metals segment experienced a fair value loss of HK$21,592,000 in 1H FY2025, with copper prices down 9.8%, nickel down 11.6%, and zinc down 2.9%[86]. - The Bulk commodities segment recorded a fair value loss of HK$128,771,000 in 1H FY2025, with a carrying value of HK$479,352,000 as of December 31, 2024[85]. Shareholding and Corporate Governance - As of December 31, 2024, the total number of issued shares of the Company was 1,356,636,962[165]. - AGL held 615,497,629 shares and 123,099,525 warrants, representing a total interest of 738,597,154 shares, approximately 54.44% of the Company's shareholding[167]. - The Company has a significant concentration of shareholding among a few major shareholders, indicating potential influence on corporate decisions[167]. - The interests stated represent long positions in the Company[165]. Miscellaneous - The Group did not hold any significant investments or have any material acquisitions or disposals during the six months ended December 31, 2024[141]. - There were no important events affecting the Group after the end of the financial period for the six months ended December 31, 2024[144]. - The Group faces various operational risks, which are mitigated through robust internal controls and effective internal reporting[134]. - The Group's financial risk includes market risk, credit risk, and liquidity risk, with a focus on managing these risks through established policies and procedures[129].

Financial Performance - For the six months ending December 31, 2024, total revenue was HKD 147,813,000, a decrease of 84.3% compared to HKD 941,434,000 in the same period of 2023[3] - Gross profit for the same period was HKD 77,055,000, compared to HKD 5,749,000 in 2023, indicating a significant increase[3] - The company reported a loss before tax of HKD 324,020,000, compared to a profit of HKD 591,908,000 in the previous year[3] - The net loss attributable to shareholders was HKD 309,884,000, a substantial decline from a profit of HKD 593,272,000 in the prior year[3] - The company’s basic and diluted loss per share was HKD 45.5, compared to a profit of HKD 22.8 in the previous year[3] - Other comprehensive loss for the period was HKD 106,460,000, compared to a gain of HKD 55,448,000 in the same period last year[4] - Total revenue from external customers for the six months ended December 31, 2024, was HKD 147,813,000, compared to HKD 941,434,000 for the same period in 2023, representing a significant decline[30] - The company reported a comprehensive loss before tax of HKD 324,020,000 for the six months ended December 31, 2024, compared to a profit of HKD 591,908,000 for the same period in 2023[21][25] - The company reported a net loss of HKD 309,884,000 for the six months ended December 31, 2024, compared to a profit of HKD 593,272,000 for the same period in 2023[42] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 3,960,305,000, down from HKD 4,219,922,000 as of June 30, 2024[6] - Current assets amounted to HKD 2,571,120,000, slightly decreasing from HKD 2,584,253,000 in the previous period[6] - The company's cash and cash equivalents were HKD 605,982,000, an increase from HKD 574,680,000 in the previous period[6] - The total liabilities increased to HKD 672,905,000 from HKD 360,639,000, indicating a rise in financial obligations[7] - The total liabilities of the company as of December 31, 2024, amounted to HKD 672,905,000, compared to HKD 360,639,000 as of June 30, 2024[23][27] - The company's equity in associates decreased to HKD 1,297,726,000 as of December 31, 2024, down from HKD 1,515,506,000 in June 2024[44] - As of December 31, 2024, the group's non-current assets amounted to HKD 1,389,185,000, down from HKD 1,633,082,000 as of June 30, 2024[93] - The group's current assets net value was HKD 1,900,523,000, a decrease from HKD 2,252,960,000 as of June 30, 2024, with a current ratio of 3.8 times[93] - Total borrowings (excluding lease liabilities) as of December 31, 2024, were HKD 578,774,000, significantly up from HKD 280,105,000 as of June 30, 2024[94] Segment Performance - The company has three reportable segments: Commodity Trading, Resource Investment, and Major Investments and Financial Services[18] - The company recorded a segment performance loss of HKD 186,483,000 in the resources investment sector for the six months ended December 31, 2024[21] - The company’s segment performance in the financial services sector showed a profit of HKD 3,597,000 for the six months ended December 31, 2024[21] - The company’s commodity business recorded a segment loss of HKD 6,468,000 in the first half of fiscal year 2025, a significant decline from a profit of HKD 69,373,000 in the same period of the previous fiscal year[85] - The group recorded a segment loss of HKD 191,956,000, primarily due to weak commodity markets affecting resource investment and commodity business segments, which incurred losses of HKD 183,612,000 and HKD 6,468,000 respectively[51] Investments and Fair Value - The investment in Shougang Fushan recorded a fair value loss of HKD 93,513,000, with a carrying value of HKD 352,056,000 as of December 31, 2024[66] - The resource investment segment reported a fair value loss of HKD 199,084,000 for the first half of the 2025 fiscal year, compared to a gain of HKD 214,274,000 in the same period of the previous year[70] - The gold segment recorded a fair value gain of HKD 55,082,000 in the first half of the fiscal year 2025, with a book value of HKD 719,663,000 as of December 31, 2024[79] - The commodities segment recorded a fair value loss of HKD 128,771,000 in the first half of fiscal year 2025, with a book value of HKD 479,352,000 as of December 31, 2024[81] - The base metals segment, including copper, nickel, zinc, aluminum, tin, and cobalt, recorded a fair value loss of HKD 21,592,000, with copper prices down 9.8% and nickel prices down 11.6%[82] - The energy segment recorded a fair value loss of HKD 61,989,000 in the first half of fiscal year 2025, with a book value of HKD 262,074,000 as of December 31, 2024[83] Dividends and Shareholder Returns - The company declared a final dividend of HKD 0.10 per share, totaling HKD 135,664,000, compared to HKD 130,249,000 for the interim dividend in the previous year[40] - The company declared a final dividend of HKD 0.10 per share, amounting to approximately HKD 135,664,000, paid on December 16, 2024[109] Risk Management and Compliance - The group has established a comprehensive risk management framework, regularly reviewing and updating policies to enhance risk management[99] - Financial risks include market risk, credit risk, and liquidity risk, with market risk further divided into foreign exchange risk, interest rate risk, and other price risks[101] - The group regularly monitors the effectiveness of standards used to identify significant increases in credit risk[92] - The group employs an expected credit loss model for assessing loan impairment, based on historical credit loss experience and adjustments for specific borrower factors[90] - The company has fully complied with the corporate governance code as per the Hong Kong Stock Exchange regulations[112] Market Outlook - The board believes that market sentiment will be influenced by commodity prices, interest rate changes, geopolitical situations, and macroeconomic performance[110] - The company maintains a cautious outlook on the global economy and commodity demand due to potential trade tensions, particularly between the US and China[111] Other Notable Points - The company has not been affected by the revised HKFRS 16 regarding lease liabilities, as there were no variable lease payments dependent on indices or exchange rates[9] - There were no significant investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures during the six months ending December 31, 2024[105] - The company has no significant capital commitments as of December 31, 2024[106] - There are no known significant contingent liabilities as of the announcement date and December 31, 2024[107] - The company is actively seeking potential investment opportunities to maximize shareholder value[110]

ESG Performance and Governance - APAC Resources Limited focuses on strategic investments in metals, mining, and energy sectors, with a commitment to sustainable development initiatives and key performance indicators[3]. - The report period covers from July 1, 2023, to June 30, 2024, detailing the company's environmental, social, and governance (ESG) performance[3]. - The company emphasizes the importance of stakeholder engagement and has employed an independent third-party consultancy to assess ESG issues and performance[8]. - The board of directors oversees ESG matters and has delegated daily responsibilities to senior management and department heads for risk management[9]. - APAC Resources has established a sustainable development policy that integrates principles related to employment, labor practices, business integrity, and community engagement[10]. - The report adheres to the Hong Kong Stock Exchange's ESG reporting guidelines, ensuring compliance with mandatory disclosure requirements[4]. - The company aims to create long-term value for all stakeholders, including employees and the broader community, through its ESG initiatives[8]. - Key performance indicators are disclosed quantitatively, providing a comprehensive overview of the company's ESG performance[2]. - The governance framework is designed to effectively manage risks and enhance ESG performance, with regular reviews and updates to policies and practices[9]. - The report highlights the significance of continuous communication with stakeholders to understand their interests and expectations regarding ESG issues[8]. - The company identified key stakeholders including the board, management, shareholders, employees, and suppliers for effective communication and collaboration[11]. Environmental Impact - The company reported a significant increase in particulate matter emissions from 299 grams in 2023 to 1,475 grams in 2024, representing a 393% increase[16]. - Sulfur oxide emissions rose from 4,341 grams in 2023 to 30,372 grams in 2024, indicating a 600% increase[16]. - Nitrogen oxide emissions increased from 2,645 grams in 2023 to 10,066 grams in 2024, reflecting a 280% rise[16]. - The company recorded direct greenhouse gas emissions of approximately 188 tons of CO2 equivalent in 2024, up from 136 tons in 2023[16]. - Indirect greenhouse gas emissions related to purchased electricity were about 126,000 tons of CO2 equivalent in 2024, compared to approximately 53,000 tons in 2023, marking a 138% increase[16]. - The company has not generated any hazardous waste during the reporting period, with only non-hazardous waste produced[17]. - The company aims to minimize greenhouse gas emissions and waste generation, aligning with government carbon neutrality goals for 2050 and 2060[18]. - The company has established a sustainable development policy focused on compliance with laws and reducing environmental impact[15]. - Total electricity consumption for the group was approximately 224,000 kWh, equating to about 9,000 kWh per employee, with a significant portion attributed to operations in Australia[19]. - Total paper usage was around 127,000 sheets, which translates to approximately 5,000 sheets per employee[19]. - Total water consumption was about 120 cubic meters, averaging around 5 cubic meters per employee[20]. - The company is increasingly focusing on investments in low-carbon industries, including electric vehicles, battery metals, and renewable energy[21]. - The company has implemented emergency measures to address extreme weather events, including typhoons and heavy rain[22]. Employee Welfare and Compliance - The company emphasizes employee welfare by ensuring a safe and healthy work environment and promoting work-life balance[23]. - The company adheres to various employment laws and regulations in Hong Kong and mainland China, ensuring compliance with labor standards[25]. - The company has not identified any non-compliance issues with relevant laws and regulations regarding employment practices[26]. - The company encourages resource efficiency and has established guidelines for energy conservation and material recycling[19]. - The company aims to maintain existing levels of energy, paper, and water consumption despite increased activities[20]. - Total number of employees in 2024 is 25, with a turnover rate of 18% for males and 21% for females[27]. - Employee training participation increased to 69% for males and 100% for females in 2024, with average training hours of 11 for males and 22 for females[30]. - No work-related injuries reported in the past three years, maintaining a safe working environment[29]. - The company has a gender diversity goal aiming for balanced male and female employment ratios and equal pay for equal work[27]. - The employee turnover rate for those aged 30 or below is 133% in 2024, compared to 400% in 2023[27]. - The company has established a policy to ensure compliance with labor laws and regulations, with regular reviews of employment standards[32]. Community Engagement and Corporate Social Responsibility - The company has donated a total of approximately HKD 55,000 to various charitable organizations in Hong Kong and Australia during the reporting period, compared to about HKD 1,000 in 2023[39]. - The company encourages employees to participate in community and charitable activities, reinforcing its commitment to corporate social responsibility[39]. - There were no concluded corruption lawsuits against the company or its employees during the reporting period, indicating no significant corruption-related risks[37]. - No product recalls or complaints related to safety or health issues reported during the period[35]. - The management team has participated in various training sessions, including anti-money laundering and regulatory updates[30]. - The company has not reported any incidents of child or forced labor during the reporting period[32]. - The company has implemented a solar energy system at one of its Australian offices to address environmental risks[33].

Financial Performance - APAC Resources reported a net profit attributable to shareholders of HKD 390 million for the fiscal year ending June 30, 2024, compared to a net loss of HKD 319 million in the previous fiscal year[4]. - The resource investment segment generated a segment profit of HKD 404 million, driving the overall strong performance of the company[7]. - The major strategic investments contributed a net profit of HKD 28 million, a significant recovery from a net loss of HKD 10.6 million in the previous fiscal year[8]. - APAC Resources declared a final dividend of HKD 0.10 per share, reflecting the strong financial performance for the fiscal year 2024[5]. - The company reported a net profit after tax of AUD 6 million for FY2024, up from AUD 5 million in FY2023, driven by increased sales volume and iron ore prices[9]. - The commodity business achieved a segment profit of HKD 84,031,000 in fiscal year 2024, a significant increase from HKD 3,470,000 in fiscal year 2023[30]. - The major investment and financial services segment reported a profit of HKD 38,531,000 in fiscal year 2024, recovering from a loss of HKD 17,635,000 in fiscal year 2023[31]. Strategic Investments - The company's strategic investments in Mount Gibson, Tanami Gold, and Metals X showed resilience in a volatile market, with Mount Gibson's cash and investment net assets increasing from AUD 139 million to AUD 441 million[4]. - The company holds equity interests of 37.3% in Mount Gibson, 46.3% in Tanami Gold, 22.8% in Metals X, and 44.3% in Prodigy Gold[8]. - Mount Gibson's Koolan Island project achieved a sales volume of 4.1 million wet tonnes in FY2024, a significant increase from 3.0 million wet tonnes in FY2023[9]. - The company is focusing on identifying potential investment opportunities to maximize shareholder value amidst market fluctuations[53]. - The company plans to focus on investing in quality assets that will benefit from structural trends in the resource sector[4]. Market Outlook - The company maintains a cautious outlook due to global economic uncertainties, particularly concerns over potential recession in the U.S. and structural issues in China's economy[4]. - The long-term fundamentals for commodities remain strong, driven by global efforts for carbon reduction and ongoing urbanization and infrastructure development[4]. - The global economic outlook for 2024 is complex, with concerns over global demand and rising inventory levels impacting key commodities like copper and iron ore[54]. - The company is experiencing cautious investor sentiment, with commodity market positions at their lowest since early 2019[54]. Operational Performance - Iron ore sales revenue rose from AUD 450.586 million in FY2023 to AUD 667.678 million in FY2024, despite non-cash inventory costs and impairment charges offsetting some gains[9]. - The average iron ore price for FY2024 was USD 114 per dry tonne, with prices fluctuating between USD 136 and USD 95 during the year[10]. - Metals X produced 10,037 tonnes of tin concentrate in FY2024, with an EBITDA of AUD 184 million based on a tin price of AUD 41,680 per tonne[12]. - Prodigy Gold recorded a net loss of AUD 10 million in FY2024, primarily due to exploration expenses and impairment of capitalized exploration costs[16]. Financial Position - As of June 30, 2024, the company's non-current assets were valued at HKD 1,633,082,000, down from HKD 2,025,899,000 as of June 30, 2023[39]. - The current ratio improved to 7.7 times as of June 30, 2024, compared to 6.1 times as of June 30, 2023[39]. - As of June 30, 2024, the company's distributable reserves amounted to HKD 1,058,322,000, down from HKD 1,194,959,000 in 2023[85]. - The company has pledged listed securities with a fair value of HKD 416,000,000 as collateral for bank financing[41]. Governance and Management - The company is committed to maintaining high standards of corporate governance and financial management practices[60][61]. - The board includes members with significant qualifications and experience in finance, governance, and engineering, ensuring robust oversight[60][61][65]. - The company has established strict internal controls and effective reporting systems to manage operational risks[48]. - The board's responsibilities include overall strategy, annual and interim performance reviews, and approval of significant contracts and transactions[132]. Risk Management - The company has a system in place to identify, assess, and manage risks associated with its business activities[161]. - The audit committee is informed about significant audit findings and any deficiencies in internal control identified during the audit[200]. - The company has established a whistleblower policy to allow employees and business partners to report potential misconduct confidentially[164]. Shareholder Communication - The company maintains good communication with shareholders through various formal channels, including interim reports and annual reports[166]. - The board has reviewed the implementation and effectiveness of the shareholder communication policy during the year[169]. Audit and Compliance - The independent auditor's report confirmed that the consolidated financial statements give a true and fair view of the Group's financial position as of June 30, 2024[173]. - The financial statements were prepared in compliance with Hong Kong Financial Reporting Standards and the disclosure requirements of the Hong Kong Companies Ordinance[173]. - The audit committee approved the external auditor's proposed audit scope and fees for the year ending June 30, 2024[153].