2024 ANNUAL REPORT 年報 Innovation Convergence This Annual Report is printed on environmentally friendly paper 本年報採用環保紙印製 ANNUAL REPORT 2024 二零二四年 報 Contents 目錄 CORPORATE OVERVIEW 公司概覽 CORPORATE GOVERNANCE 企業管治 FINANCIAL STATEMENTS 財務報表 Corporate Information 公司資料 2 Chairman's Statement 主席報告 4 Major Events of the Year 年度大事紀要 6 Major Awards of the Year 年度主要獎項 10 Management Discussion and Analysis 管理層討論及分析 15 Directors and Senior Management 董事及高級管理層 26 Corporate Governance Report 企業管治報告 32 Report of the Director ...

（於百慕達註冊成立之有限公司） （股份代號：1105） 截至二零二四年十二月三十一日止年度末期業績公佈 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。 SING TAO NEWS CORPORATION LIMITED 星島新聞集團有限公司* 綜合損益表 截至二零二四年十二月三十一日止年度 | | 附註 | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | | 千港元 | 千港元 | | 收入 | 4 | 777,164 | 819,863 | | 銷售成本 | | (552,239) | (567,384) | | 毛利 | | 224,925 | 252,479 | | 其他收入及收益之淨額 | 4 | 27,018 | 54,128 | | 分銷開支 | | (124,356) | (128,093) | | 行政開支 | | (207,224) | (211,177) | | 其他收益／（開支）之淨額 ...

Financial Performance - Revenue for the six months ended June 30, 2024, was HK$379,577,000, a decrease of 2.3% compared to HK$388,470,000 in the same period of 2023[4] - Gross profit increased to HK$109,402,000, up 3.1% from HK$105,755,000 year-on-year[4] - Loss before tax for the period was HK$46,816,000, compared to a loss of HK$42,084,000 in the previous year, representing an increase in loss of 11.5%[4] - Loss for the period attributable to ordinary equity holders was HK$46,804,000, compared to HK$42,675,000 in 2023, reflecting a year-on-year increase of 9.9%[4] - Basic loss per share was HK$5.32, compared to HK$4.85 in the same period last year, indicating a deterioration in performance[4] - Total comprehensive loss for the period attributable to the owners of the company was HK$50,410,000, compared to HK$39,747,000 in 2023, marking an increase of 26.8%[5] - Other comprehensive loss for the period was HK$3,606,000, compared to a gain of HK$2,928,000 in the previous year, indicating a significant decline[5] - The company reported a decrease in other income and gains, netting HK$15,410,000 compared to HK$29,256,000 in the prior year, a drop of 47.3%[4] Expenses and Liabilities - Distribution expenses were HK$62,209,000, slightly down from HK$62,855,000 in 2023, showing a decrease of 1.0%[4] - Administrative expenses decreased to HK$105,506,000 from HK$106,340,000, reflecting a reduction of 0.8% year-on-year[4] - Total non-current assets decreased to HK$1,204,775,000 as of June 30, 2024, from HK$1,236,046,000 as of December 31, 2023, representing a decline of approximately 2.5%[6] - Current assets totaled HK$741,626,000 as of June 30, 2024, down from HK$775,163,000 at the end of 2023, indicating a decrease of about 4.3%[6] - Net current assets were HK$585,777,000 as of June 30, 2024, compared to HK$611,743,000 at the end of 2023, reflecting a reduction of approximately 4.3%[6] - Total equity attributable to owners of the Company was HK$1,650,458,000 as of June 30, 2024, down from HK$1,700,868,000 at the end of 2023, a decrease of about 2.9%[6] - The Company reported a total comprehensive loss of HK$50,410,000 for the six months ended June 30, 2024, primarily due to a loss of HK$46,804,000 in retained profits[7] - The reserves in the consolidated statement of financial position amounted to HK$1,474,349,000 as of June 30, 2024, down from HK$1,511,930,000 a year earlier, indicating a decrease of approximately 2.5%[8] - The Company’s total current liabilities decreased to HK$155,849,000 as of June 30, 2024, from HK$163,420,000 at the end of 2023, a reduction of about 4.6%[6] - Non-current liabilities decreased to HK$140,094,000 as of June 30, 2024, from HK$146,921,000 at the end of 2023, indicating a decline of approximately 4.6%[6] Cash Flow and Investments - Net cash flows generated from operating activities for the six months ended June 30, 2024, were HK$10,522,000, compared to a net cash outflow of HK$1,904,000 in the same period of 2023[11] - Cash and cash equivalents increased to HK$529,432,000 as of June 30, 2024, from HK$524,258,000 at the end of 2023, showing a slight increase of about 1.2%[6] - Net cash flows used in investing activities were HK$97,267,000 for the six months ended June 30, 2024, compared to HK$107,545,000 in 2023, indicating a reduction of 9.3%[11] - The company reported a net decrease in cash and cash equivalents of HK$93,954,000 for the period, compared to a decrease of HK$117,440,000 in the previous year[11] Market and Economic Environment - Hong Kong's GDP grew by 3.3% year-on-year in Q2 2024, surpassing the 2.8% growth recorded in Q1 2024[45] - Private consumption expenditure fell by 1.6% in Q2 2024, marking the first decline since Q3 2022, after a 1.2% increase in Q1 2024[45] - The overall market sentiment in Hong Kong remains cautious due to ongoing global economic uncertainties and inflationary pressures[45] Advertising and Media Performance - Total advertising expenditure in Hong Kong for the first half of 2024 reached HK$14.3 billion, remaining stable compared to last year[48] - Digital media accounted for 56.4% of Hong Kong's total advertising expenditure in the first half of 2024, indicating a strong focus on new media[49] - In the first quarter of 2024, advertising expenditure in Hong Kong dropped by 4.9% YoY due to a sluggish advertising market influenced by external economic factors[51] - Sing Tao Daily's advertising revenue remained consistent with market performance despite a 1.2% YoY decrease in total advertisement expenditure on paid newspapers[58] - Headline Daily's advertising revenue experienced slight growth despite a significant 24.8% YoY decrease in total advertising spending on free newspapers[59] - The Group's advertising revenues have been boosted by the recovery of the travel and related industries, particularly from government, banking, insurance, and entertainment sectors[58] Digital Transformation and Innovation - The Group is actively pursuing digital transformation, having launched a revamped website to improve user browsing experience and increase audience engagement[67] - Sing Tao is committed to integrating artificial intelligence technologies to enhance business performance, including content creation and data analysis, aiming to optimize user experience[70] - The Group is focusing on media innovation and digital transformation to enhance user experience and advertising conversion[72] Corporate Governance and Compliance - The audit committee reviewed the unaudited condensed consolidated financial statements for the period, focusing on risk management and internal control systems[102] - The company has complied with the Corporate Governance Code throughout the reporting period[100] - All directors confirmed compliance with the Model Code for securities transactions during the reporting period[101] Shareholder Information - The Group did not declare any interim dividend for the six months ended 30 June 2024, consistent with the previous year[22] - As of June 30, 2024, Power Giant Holdings Limited and Vast Resources International Limited each hold 125,000,000 shares, representing 14.20% of the company's issued voting shares[87] - Stagelight Group Limited holds 81,959,500 shares, accounting for 9.31% of the company's issued voting shares[87] - The total number of outstanding share options as of June 30, 2024, is 15,650,000, with an exercise price ranging from HK$1.010 to HK$1.160[91][92] - During the reporting period, 500,000 share options lapsed, reducing the total from 15,650,000 to 15,150,000[95] - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period[99]

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。 SING TAO NEWS CORPORATION LIMITED 星島新聞集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：1105） 截至二零二四年六月三十日止六個月之中期業績公告 星島新聞集團有限公司（「本公司」）董事會（「董事會」）公佈本公司及其附屬公司（「本集 團」）截至二零二四年六月三十日止六個月之未經審核綜合業績，連同二零二三年同期之比較 數字如下： 綜合損益表 截至二零二四年六月三十日止六個月 | --- | --- | --- | --- | |--------------------------|-------|----------------------------------------------|---------------------| | | 附註 | 截至六月三十日止六個月 \n（未經審核） 千港元 | （未經審核） 千港元 | | 收入 銷售成本 | 3 ...

與香港共 Growing with Hong Kong ANNUAL REPORT 2023 年報 成長 ANNUAL REPORT 2023 年報 與香港共 Growing with Hong Kong 成長 創新求變 專業不變 1938 星島日報 創刊面世 1949 英文虎報 創刊面世 《星島日報》運用先進印刷技術製作報章及書 刊，更舉辦執字粒工作坊，加深市民對報刊印 刷的認識。 《英文虎報》於1949年3月1 日在香港創刊，以華人讀 者群為主要對象。 於香港聯合交易所上市 1986 「星島有限公司」 1964 推出全港首份中文學生報《陽 光校園》，深受全港師生及家 長歡迎。 1989 創辦陽光校園 面世，報社位於當時的灣仔道 117至179號。《星島晚報》及《星 島晨報》於同年出版。 《星島日報》由華僑商人 胡文虎先生在香港創辦。 三藩市海外辦事處 星島積極開拓海外業務，1964年 於三藩市成立首個海外辦事處， 並首創以空運方式將《星島日報》 照相底版運往海外印刷。 1972年7月12日「星 島報業有限公司」股 票公開發售，正式 上市。 1972 正式上市 率先引入四色柯式印刷，開創植字及排版全電腦化新 ...

1. 編製基準 本綜合財務報表乃根據香港會計師公會頒佈之香港財務報告準則（「香港財務報告準 則」）（其亦包括所有香港財務報告準則、香港會計準則（「香港會計準則」）及詮釋） 編製，並符合香港公認會計原則及香港公司條例之披露規定。財務報表乃以歷史成本法 編製，惟投資物業、土地及樓宇、分類為持作出售之資產、若干衍生金融工具、權益性 投資及債務證券以及按公平值記入的財務資產乃按公平值計算。本綜合財務報表以港元 呈列，除另有註明者外，所有數值均四捨五入至千位數。 流動負債總值 163,420 175,965 流動資產淨值 611,743 589,778 已減流動負債之資產總值 1,847,789 1,878,678 4 綜合財務狀況表（續） 於二零二三年十二月三十一日 倘本集團失去對一間附屬公司之控制權，則其撤銷確認(i)該附屬公司之資產（包括商譽） 及負債、(ii)任何非控股權益之賬面值及(iii)於權益內記錄之累計換算差額；及確認(i)所 收代價之公平值、(ii)所保留任何投資之公平值及(iii)損益表中任何因此產生之盈餘或虧 損。先前於其他全面收益表內確認之本集團應佔部份重新分類為損益或保留溢利（如適 用），基準 ...

與香港共 成長 Growing with Hong Kong 2023 INTERIM REPORT 中期 報告 星島新聞集團有限公司 SING TAO NEWS CORPORATION LIMITED (Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司) (Stock Code 股份代號：1105) CONTENTS 目錄 Corporate Information 公司資料 2 Consolidated Statement of Profit or Loss 綜合損益表 4 Consolidated Statement of Comprehensive Income 綜合全面收益表 5 Consolidated Statement of Financial Position 綜合財務狀況表 6 Consolidated Statement of Changes in Equity 綜合權益變動表 8 Consolidated Statement of Cash Flows 綜合現金流量表 10 Notes to the Consoli ...

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。 SING TAO NEWS CORPORATION LIMITED 星島新聞集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：1105） 截至二零二三年六月三十日止六個月之中期業績公告 星島新聞集團有限公司（「本公司」）董事會（「董事會」）公佈本公司及其附屬公司（「本集 團」）截至二零二三年六月三十日止六個月之未經審核綜合業績，連同二零二二年同期之比較 數字如下： 綜合損益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 （未經審核） （未經審核） 附註 千港元 千港元 收入 3 388,470 367,049 銷售成本 (282,715) (302,586) ...

1105_Sing Tao_AR22_CR_01_12.4mm_op.pdf 1 4/4/2023 上午9:41 CONTENTS 目錄 Management Discussion and Analysis 管理層討論及分析 Directors and Senior Management 董事及高級管理層 Corporate Governance Report 企業管治報告 Report of the Directors 董事會報告 Independent Auditor's Report 獨立核數師報告 Consolidated Statement of Profit or Loss 綜合損益表 Consolidated Statement of Comprehensive Income 綜合全面收益表 Consolidated Statement of Financial Position 綜合財務狀況表 Consolidated Statement of Changes in Equity 綜合權益變動表 17 27 33 50 65 74 75 76 78 CORPORATE OVERVIEW 01 ...

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。 SING TAO NEWS CORPORATION LIMITED 星島新聞集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：1105） 截至二零二二年十二月三十一日止年度末期業績公佈 星島新聞集團有限公司（「本公司」）之董事會（「董事會」）欣然公佈本公司及其附屬 公司 （「本集團」）截至二零二二年十二月三十一日止年度之綜合業績，連同上一年度之比 較數字如下： 綜合損益表 截至二零二二年十二月三十一日止年度 附註 二零二二年 二零二一年 千港元 千港元 收入 4 815,008 834,788 銷售成本 (607,761) (585,668) 毛利 207,247 249,120 ...