星島新聞集團有限公司 ( 於百慕達註冊成立之有限公司 ) （「本公司」，連同其附屬公司統稱「本集團」） 提名委員會（「委員會」）之職權範圍 1. 成員 2. 會議 2025 年 8 月 1 / 3 1.1 委員會成員須以本公司獨立非執行董事（「董事」）佔大多數，且至少一（1）名成員 應為不同性別。 1.2 委員會主席須由本公司董事會（「董事會」）主席（「主席」）或獨立非執行董事擔任。 1.3 委員會秘書由本公司公司秘書或其委派人士擔任。 2.1 委員會處理事務的法定人數由董事會確定，若無特別規定，則為兩（2）名委員會成 員，而其中一（1）位委員會成員須為獨立非執行董事。 會議決議須經出席委員會 成員多數表決通過，若票數相等，主席擁有第二票或決定性投票權。 2.2 會議通知須於開會前最少三（3）天發出予委員會成員，除所有委員會成員一致同意 豁免有關通知期外。 不論通知期為多少天，委員會成員出席有關會議即被視為豁免 所需之通知期。 2.3 會議議程及有關文件須於開會最少一（1）天前發出予有關委員會成員。 2.4 會議可以透過親身出席、電話會議或視像會議的方式舉行。 委員會成員可透過會議 電話或類似的通訊設備（透過 ...

星島新聞集團有限公司 ( 於百慕達註冊成立之有限公司 ) （「本公司」，連同其附屬公司統稱「本集團」） 審核委員會（「委員會」）之職權範圍 1. 成員 2. 出席會議 3. 會議 2025 年 8 月 1 / 4 1.1 委員會成員應不少於三（3）人，成員須全部為本公司非執行董事（「董事」），其中 多數應為獨立非執行董事。 至少一名成員須具備香港聯合交易所有限公司證券上市 規則（「上市規則」）第 3.10(2)條所要求的適當專業資格或會計及相關財務管理專長。 1.2 委員會主席須為本公司之獨立非執行董事。 1.3 本公司現任會計師事務所的前合夥人，在以下較晚日期起兩年內不得擔任委員會成 員：(a) 其不再擔任該事務所合夥人；或 (b) 其不再持有該事務所任何財務權益。 2.1 本公司財務董事及/或財務總監、內部審核部主管，及外聘核數師之代表應出席委員 會會議，其他董事會（「董事會」）成員亦應有權出席。 僅委員會成員擁有會議表決 權。 2.2 委員會秘書由本公司公司秘書或其委派人士擔任。 3.1 每年最少舉行兩次會議。 外聘核數師如認為有需要，可要求舉行會議。 3.2 委員會處理事務時之法定人數由董事會確定，若 ...

格隆汇8月14日丨星岛(01105.HK)宣布，本公司将于2025年8月27日（星期三）举行董事会会议，藉以 （其中包括）批准刊发本公司及其附属公司截至2025年6月30日止六个月的中期业绩公布，以及考虑派 发中期股息（如有）。 ...

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） 董事會會議召開日期 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。 星島新聞集團有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於二零二 五年八月二十七日（星期三）舉行董事會會議，藉以（其中包括）批准刊發本公司及其 附屬公司截至二零二五年六月三十日止六個月之中期業績公佈，以及考慮派發中期股息 （如有）。 香港，二零二五年八月十四日 於本公告日期，董事會成員包括：（ 1 ）執行董事：郭英成先生（聯席主席）、蔡加讚 先生（聯席主席）、郭曉亭女士（副主席兼聯席行政總裁）及蔡晋先生（聯席行政總裁）； 及（ 2 ）獨立非執行董事：胡定旭先生、韓永紅女士及范駿華先生。 * 僅供識別 承董事會命 星島新聞集團有限公司 公司秘書 岑家輝 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01105 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,354,256,546 | HKD | | 0.2 | HKD | | 470,851,309.2 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,354,256,546 | HKD | | 0.2 | HKD | | 470,851,309.2 | | 2. 股份分類 | 優先股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 否 | ...

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） 有關二零二四年年報之補充公告 茲提述星島新聞集團有限公司（「本公司」）於二零二五年四月二十二日刊發的截至二零二 四年十二月三十一日止年度的年報（「二零二四年年報」）。除另有界定外，本公告所用詞彙 與二零二四年年報所界定者具有相同涵義。本公告為二零二四年年報提供補充資料，並應 與二零二四年年報一併閱讀。 本公司謹此向本公司股東及潛在投資者提供以下有關於二零二三年五月十二日採納的購股 權計劃（「二零二三年計劃」）之額外資料。 二零二三年計劃 本公司於二零二三年五月十二日（「採納日期」）採納二零二三年計劃，由二零二三年五月 十二日起計為期十年，除非另行根據二零二三年計劃的條款終止。 二零二三年計劃概要如下： (a) 目的 二零二三年計劃旨在吸引及挽留本集團最優秀 ...

Economic Environment - The global economic landscape in 2024 was complex, with significant pressure from geopolitical conflicts, trade tensions, and high global interest rates impacting local economic activity and market confidence[13]. - The high-interest rate environment and global economic uncertainties posed challenges to the local economy, impacting market activities[89]. - The government introduced various support measures to stimulate local economic activities and consumption, contributing to the recovery of the tourism sector[89]. Advertising Sector - The advertising sector remained cautious, leading to a reduction in advertising spending across various industries, which affected the Group's advertising operations[13]. - Total advertising expenditure in Hong Kong for 2024 was HK$29.8 billion, reflecting a year-on-year decrease of 1.3%[90]. - Digital media accounted for 56.2% of Hong Kong's overall advertising spending in 2024, maintaining a dominant market position[95]. - Sing Tao Daily's advertising revenue slightly outperformed the market despite a 3.9% YoY decrease in total advertising spending on paid newspapers for 2024[109]. - Headline Daily maintained stable advertising revenue despite a significant decline of 20.8% YoY in total advertising spending for free newspapers in 2024[114]. - The Standard significantly outperformed the broader free newspaper advertising market, despite an overall decline in advertising revenue in 2024[115]. - In 2024, the advertising spending in the Hong Kong magazine market declined by 12.1%, while East Week recorded a 9.2% increase in advertising revenue, maintaining its leading market share[120][122]. Digital Transformation and Innovation - The Group accelerated the integration of print and digital media, expanding digital platforms and leveraging innovative technologies like artificial intelligence to enhance operational performance[14]. - The Group plans to expedite its digital transformation, particularly focusing on The Standard media platform and its overseas business, to unlock new revenue streams[17]. - The application of cutting-edge technologies, such as artificial intelligence, is being embraced to optimize content production and user interaction[128][131]. - Sing Tao aims to enhance its influence and market competitiveness through increased investment in technological and content innovation[128][131]. Financial Performance - The consolidated revenue for the financial year ended December 31, 2024, was approximately HK$777.2 million, a decrease of 5.2% from HK$819.9 million in the previous year[70][75]. - Loss attributable to owners of the Company amounted to approximately HK$84.3 million, compared to a loss of approximately HK$49.1 million last year, indicating a significant increase in losses[70][75]. - The Group maintained a cash balance of approximately HK$520.7 million as of December 31, 2024, slightly down from HK$524.3 million on December 31, 2023[72][78]. - The gearing ratio was 0.7% as of December 31, 2024, a slight decrease from 0.8% as of December 31, 2023, indicating a stable capital structure[73]. - The Group did not recommend the payment of a final dividend for the year, and no interim dividend was declared[71][77]. - The Group's treasury investments were conducted cautiously due to continued volatility and unclear trends during the year[71][76]. - The Group recorded consolidated revenue of approximately HK$777.2 million in 2024, a decrease of HK$42.7 million compared to approximately HK$819.9 million in 2023[93]. - The consolidated loss attributable to owners of the Company was approximately HK$84.3 million in 2024, representing an increase of HK$35.2 million from approximately HK$49.1 million in 2023[93]. Events and Community Engagement - Major events hosted included the 30th Anniversary Celebration of the "Leader of the Year" and the "ESG Certification Awards and Sustainable Development Forum 2024", which generated considerable market interest[14]. - The Group successfully organized "The 1st Hong Kong Higher Education Expo," showcasing 12 Hong Kong universities in Shenzhen for the first time[37]. - The Group co-organized "The 2nd Shenzhen-Hong Kong-Macao Youth Creative Design Competition," fostering emerging talents in the Greater Bay Area[37]. - JobMarket successfully organized "The Employer of Choice Award 2023" and the "Graduate Recruitment Awards 2024" presentation ceremonies[49]. - The Group held a series of mega events, including the "ESG Certification Awards and Sustainable Development Forum 2024"[25]. - The inaugural "ArtCan Culture Forum and Awards Ceremony" was successfully held in early 2025, promoting arts and culture[27]. Corporate Governance and Management - The Company has complied with the Corporate Governance Code throughout the review period, with specified deviations explained[173]. - The Company has adopted the Model Code for Securities Transactions by Directors, confirming compliance by all directors during the year[174]. - The Company emphasizes good corporate governance practices as effective risk management, benefiting shareholders[172]. - The Board consists of seven directors, including four executive directors and three independent non-executive directors as of December 31, 2024[175]. - The Company has established a clear structure for the management and effective performance of the Board, delegating day-to-day operations to the management team[183]. - The Remuneration Committee approved discretionary bonuses for Executive Directors (EDs) and senior management based on their performances[198]. - The Company adopted a remuneration policy to align with its strategies and long-term vision, providing adequate incentives for Directors and Employees[198]. Employee and Stakeholder Relations - The Group expressed gratitude to stakeholders, including employees, shareholders, and users, for their support and trust[18]. - As of December 31, 2024, the Group employed approximately 1,202 employees, with competitive salaries and benefits offered to attract and retain quality staff[82]. - The management team emphasizes the importance of human resource strategy in driving company growth[133]. Market Position and Brand Recognition - Headline Daily was ranked as the top brand newspaper and second most trusted in public opinion in Hong Kong according to the "Digital News Report 2024" by The University of Oxford's Reuters Institute[32]. - Ohpama.com was recognized as the "No. 1 Digital Media of the Year - Parenting" for seven consecutive years (2018-2024) by Marketing Magazine[47]. - Smart Parents has been honored with the title of "Best Parenting Magazine" for 12 consecutive years (2013-2024)[47]. - The total followers for Ohpama.com, 24parent.com, and Smart Parents on Facebook and Instagram exceeded 920,000 as of December 2024[104]. - The Group's commitment to high-quality content and valuable advertising services continues to strengthen its competitiveness in the print media market[105]. - The Group's innovative promotional strategies and exceptional media penetration have solidified its leadership in the parenting media sector[106].

Financial Performance - Total revenue for the year ended December 31, 2024, was HKD 777,164,000, a decrease of 5.2% compared to HKD 819,863,000 in 2023[2] - Gross profit for the year was HKD 224,925,000, down 10.9% from HKD 252,479,000 in the previous year[2] - The net loss attributable to the company's owners for the year was HKD 84,251,000, compared to a loss of HKD 49,065,000 in 2023, representing an increase in loss of 71.7%[3] - Basic and diluted loss per share for the year was HKD 9.57, compared to HKD 5.57 in the previous year[3] - Total comprehensive loss for the year was HKD 69,574,000, compared to HKD 26,918,000 in 2023, indicating a significant increase in comprehensive loss[5] - The company reported a pre-tax loss of HKD 75,623,000 for 2024, compared to HKD 79,027,000 in 2023[33] - The company incurred a loss of HKD 5,748,000 in total net income for 2024, compared to a gain of HKD 5,477,000 in 2023[30] Assets and Liabilities - Non-current assets decreased to HKD 1,203,093,000 from HKD 1,236,046,000 in the previous year, reflecting a decline of 2.7%[7] - Current assets decreased to HKD 735,011,000 from HKD 775,163,000, a decline of 5.2%[7] - Total liabilities remained relatively stable, with current liabilities at HKD 162,571,000 compared to HKD 163,420,000 in 2023[8] - The company's equity attributable to owners decreased to HKD 1,631,294,000 from HKD 1,700,868,000, a decline of 4.1%[8] - The accounts receivable decreased to HKD 158,200,000 in 2024 from HKD 190,118,000 in 2023, with a provision for impairment of HKD 15,042,000[40] - The accounts payable totaled HKD 25,930,000 in 2024, down from HKD 29,306,000 in 2023[43] Revenue Breakdown - Revenue from customer contracts decreased to HKD 766,146,000 in 2024, down 5.8% from HKD 813,183,000 in 2023[22] - Advertising revenue was HKD 497,451,000 in 2024, a decline of 8.5% compared to HKD 543,671,000 in 2023[22] - Other income decreased significantly to HKD 32,766,000 in 2024 from HKD 48,651,000 in 2023, primarily due to the absence of government subsidies[30] - The company did not have any revenue exceeding 10% from a single external customer in both 2023 and 2024[20] Market Position and Strategy - Digital media accounted for 56.2% of overall advertising spending in Hong Kong in 2024, indicating a strong market position for the company[49] - The company has been focusing on optimizing its new media business strategy, including upgrading its website and mobile applications to enhance visitor engagement[49] - The total user base and page views for the new media platforms have significantly increased, with a focus on enhancing user experience through the "Sing Tao Headlines" app and "Sing Tao Global" website[50] - The online parenting platform "Oh! Dad and Mom" has maintained its leading position in the market, with over 920,000 followers on Facebook and Instagram as of December 2024[51] - "Headlines Daily" continues to lead the free newspaper market, with a significant drop of 20.8% in overall advertising expenditure for free newspapers in 2024, yet it has maintained stable advertising revenue through innovative business models[56] - "East Week" magazine has achieved a 9.2% increase in advertising revenue despite a 12.1% decline in the overall magazine advertising market in 2024, maintaining the largest market share[60] Employee and Corporate Governance - The group has approximately 1,202 employees as of December 31, 2024, and offers attractive compensation and benefits to retain quality staff[65] - The board held three regular meetings during the year, deviating from the recommended four meetings due to efficiency considerations[71] Future Plans and Investments - The company will not declare a final dividend for the year, consistent with the previous year[68] - The group aims to enhance its digital platform's influence and market competitiveness through increased investment in technology and content innovation[63] - The company plans to host a series of high-impact forums and award ceremonies in 2025 to promote collaboration across various sectors[63] - The company is committed to embracing technological changes, including AI, to optimize content production and user interaction[63] - The group is actively expanding its multi-business operations, including partnerships for high-end talent recruitment and cross-border talent matching[61]

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]

Financial Performance - The company reported a revenue of HKD 379,577,000 for the six months ended June 30, 2024, compared to HKD 388,470,000 in the same period of 2023, representing a decrease of approximately 2.3%[1] - Gross profit for the period was HKD 109,402,000, an increase from HKD 105,755,000 year-over-year, indicating a growth of about 2.5%[1] - The company recorded a loss before tax of HKD 46,816,000, compared to a loss of HKD 42,084,000 in the previous year, reflecting an increase in losses of approximately 11.5%[2] - The net loss for the period was HKD 46,804,000, compared to a net loss of HKD 42,675,000 in the same period last year, marking an increase in losses of about 9.9%[2] - Revenue from customer contracts decreased to HKD 374.3 million for the six months ended June 30, 2024, down from HKD 385.3 million in the same period of 2023, a decline of approximately 2.6%[3] - Advertising revenue accounted for HKD 246.6 million, down from HKD 257.2 million, reflecting a decrease of about 4.7% year-over-year[3] - The total revenue from operating lease rental income increased to HKD 5.3 million, compared to HKD 3.2 million in the previous year, marking an increase of approximately 67.1%[3] Assets and Equity - The company's total non-current assets decreased to HKD 1,204,775,000 from HKD 1,236,046,000, a decline of approximately 2.5%[4] - Current assets totaled HKD 741,626,000, down from HKD 775,163,000, representing a decrease of about 4.3%[4] - The company's cash and cash equivalents slightly increased to HKD 529,432,000 from HKD 524,258,000, showing a marginal growth of approximately 1.0%[4] - Total equity attributable to the company's owners decreased to HKD 1,650,458,000 from HKD 1,700,868,000, a decline of about 3.0%[5] Customer and Market Insights - The company has not reported any revenue from a single external customer exceeding 10% of total revenue during the period[7] - The company operates as a single operating segment, focusing on publishing and distributing newspapers, magazines, and books primarily in Hong Kong, Canada, the United States, and Europe[7] Dividends and Securities - The company did not declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[13] - The board has decided not to declare any interim dividend for this period, consistent with the previous year[28] - The company did not repurchase, sell, or redeem any of its listed securities during this period[29] Compliance and Governance - The company has adopted and complied with the corporate governance code as per the Hong Kong Stock Exchange listing rules[30] - The company has confirmed compliance with the standards for securities trading by directors during this period[31] - The interim financial statements have been reviewed by the audit committee, discussing risk management and internal control systems[32] - The interim results announcement is available on the Hong Kong Stock Exchange website and the company's website[33] Advertising and Economic Environment - In the first half of 2024, Hong Kong's GDP grew by 3.3% year-on-year, up from 2.8% in the first quarter[17] - Digital media advertising spending accounted for 56.4% of total advertising expenditure in Hong Kong during the first half of 2024[18] - Advertising spending for paid newspapers decreased by approximately 1.2% year-on-year in the first six months of 2024, while the overall market performance remained stable[20] - The advertising revenue for the free newspaper "Headlines Daily" saw a slight increase despite a 24.8% year-on-year decline in total advertising spending for free newspapers[21] - The advertising revenue for "English Tiger News" decreased in the first half of 2024 but still outperformed the overall free newspaper advertising market[22] - The government consumption expenditure increased by 2.0% after five consecutive quarters of decline, contrasting with a 1.6% drop in private consumption expenditure[17] - The total advertising expenditure in Hong Kong for the first half of 2024 was HKD 14.3 billion, remaining similar to the previous year[17] - The real estate advertising revenue remained weak due to developers' cautious attitudes despite new property launches following the government's policy adjustments[20] - The global economic environment has been impacted by inflation, high interest rates, and geopolitical conflicts, leading to significant challenges for advertising clients and pressure on overseas business operations[23] - In the first half of 2024, the advertising expenditure in the Hong Kong magazine market decreased by 35.7%, while the flagship magazine "East Week" recorded an 8.4% increase in advertising revenue, maintaining the largest market share[24] - The recruitment publications, including "JobMarket," hold the largest market share in the print recruitment media sector, with "JobMarket" having the most extensive railway distribution network in Hong Kong[25] Employee and Operational Insights - The company has approximately 1,218 employees as of June 30, 2024, and offers attractive compensation and benefits to retain quality staff[27] - The company maintained strict control over overdue accounts receivable, with a credit monitoring department in place to minimize credit risk[14] - The accounts receivable net value as of June 30, 2024, was HKD 147.1 million, down from HKD 190.1 million as of December 31, 2023, indicating a decrease of approximately 22.6%[14] - The total accounts payable and notes as of June 30, 2024, was HKD 25.4 million, a decrease from HKD 29.3 million as of December 31, 2023, representing a decline of about 13.3%[15]