中 國 環 境 資 源 集 團 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) （ 於開曼群島註冊成立之有限公司） (Stock Code 股份代號：1130) NOTIFICATION LETTER 通 知 信 函 Dear Non-registered Shareholder (Note 1) CHINA ENVIRONMENTAL RESOURCES GROUP LIMITED , 17 October 2025 The following document(s) of China Environmental Resources Group Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.cergroup.com.hk and The Stock Exchange of Hong Kong Limited at www ...

(Incorporated in the Cayman Islands with limited liability) （ 於開曼群島註冊成立之有限公司） (Stock Code 股份代號：1130) NOTIFICATION LETTER 通 知 信 函 CHINA ENVIRONMENTAL RESOURCES GROUP LIMITED 中 國 環 境 資 源 集 團 有 限 公 司 中國環境資源集團有限公司 (「本公司」)下述文件已編制中、英文版本及於本公司之網站 www.cergroup.com.hk 及香港聯合交易所有限公司之 網站 www.hkexnews.hk （統稱「該等網站」）刊載:- (若 閣下曾要求以印刷本方式收取公司通訊(附註 1)，上述文件之印刷本已隨本函附上(ESG 報告 2025 除外)。) Dear Shareholder(s), 17 October 2025 The following document(s) of China Environmental Resources Group Limited ("Company") has/have been prepared ...

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通告之內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部或任何 部分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。 CHINA ENVIRONMENTAL RESOURCES GROUP LIMITED 中國環境資源集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1130） 股東週年大會通告 茲通告中國環境資源集團有限公司（「本公司」）謹訂於二零二五年十二月四日（星期 四）上午十一時正假座香港九龍尖沙咀東部麼地道69號帝苑酒店2樓蘭花廳舉行股東 週年大會，藉以處理下列事項： 普通事項 普通決議案 – 1 – 特別事項 普通決議案 下列第4至6項決議案將獲提呈及酌情通過為本公司的普通決議案： 4. 「動議： – 2 – (a) 在下文(c)段條文之規限下，一般及無條件批准本公司董事於有關期間（定義 見下文）行使本公司一切權力，配發、發行及處理本公司股本中每股面值 0.10港元的額外股份（「股份」），以及作出或授出將會或可能須行使該等權 力的售股建議、協議及購股權； (b) 上文(a)段的批准將授權本公司董事 ...

CHINA ENVIRONMENTAL RESOURCES GROUP LIMITED 中國環境資源集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1130） 於二零二五年十二月四日（星期四）舉行之股東週年大會（「大會」） （及其任何續會）之代表委任表格 本人╱吾等 （附註1） 地址為 為China Environmental Resources Group Limited中國環境資源集團有限公司（「本公司」）之股東，為本公司股本中 股 （附註2） 2. 請填上登記於 閣下名下與本代表委任表格有關之本公司股份數目。倘未有填上股份數目，則本代表委任表格將被視為與所有登記於 閣下名下之本公司股份 有關。 3. 如擬委派大會主席以外之人士為受委代表，請將「本大會主席或」字樣刪去，並在空欄內填上 閣下所擬委派之受委代表之姓名及地址。本代表委任表格之每項 更改，均須由簽署人簡簽示可。 每股面值0.10港元之股份之登記持有人，茲委任本大會主席或 （附註3） 地址為 為本人╱吾等之受委代表，代表本人╱吾等出席本公司於二零二五年十二月四日（星期四）上午十一時正假座香港九龍尖沙咀東 部麼地道69號帝苑酒店2樓蘭花廳 ...

此 乃 要 件 請 即 處 理 閣下如對本通函任何方面或應採取的行動有任何疑問，應立即諮詢 閣下的股票經紀或其他 註冊證券商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓所有名下的中國環境資源集團有限公司股份，應立即將本通函及隨附 的代表委任表格送交買主或其他承讓人，或經手出售或轉讓的銀行、股票經紀或其他代理 商，以便轉交買主或承讓人。 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通函的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本通函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。 （於開曼群島註冊成立之有限公司） （股份代號：1130） 建議 重選退任董事以及 發行股份及 購回股份的一般授權以及 修訂現行大綱及細則並 採納經修訂及重述 大綱及細則以及 股東週年大會通告 中國環境資源集團有限公司謹訂於二零二五年十二月四日（星期四）上午十一時正假座香港 九龍尖沙咀東部麼地道69號帝苑酒店2樓蘭花廳舉行股東週年大會，召開大會之通告載於本 通函第31至36頁。 CHINA ENVIRONMENTAL RESOURCES GROUP LI ...

Financial Performance - The Group reported a consolidated financial statement for the year ended June 30, 2025, with a focus on sustainable business development and exploring new opportunities[11]. - For the year ended June 30, 2025, the Group's revenue decreased by 26.6% to approximately HK$60,749,000 compared to HK$82,817,000 in 2024[149]. - Gross profit for the same period decreased by 25.2% to approximately HK$13,252,000 from HK$17,724,000 in 2024[149]. - The loss for the year narrowed to approximately HK$42,940,000, down from a loss of approximately HK$72,084,000 in the previous year[149]. - Basic and diluted loss per share was HK8 cents, compared to HK16 cents in 2024[150]. - Total assets as of June 30, 2025, were approximately HK$607,732,000, down from HK$661,398,000 in 2024[154]. - Total borrowings decreased to approximately HK$68,099,000 from HK$84,841,000 in 2024, resulting in a gearing ratio of approximately 17.9%[155]. - Net assets amounted to approximately HK$380,585,000, down from HK$419,022,000 in 2024[158]. - Administrative expenses decreased to approximately HK$35,725,000 from HK$40,907,000 in 2024[151]. - Fair value loss on investment properties was approximately HK$15,680,000, compared to HK$17,294,000 in 2024[150]. - The Group held investments at fair value through profit or loss of approximately HK$140,000 as of June 30, 2025[159]. - No dividend was recommended or declared for the year ended June 30, 2025, consistent with 2024[170]. Business Operations - The Group is engaged in multiple business sectors, including metal recycling, motor accessories, car parking rental, money lending, and securities trading[12]. - The Group's principal activities include metal recycling, motor and motor accessories, car parking space rental, money lending, and securities trading and investment[198]. - The Group also engages in green technology markets, focusing on research, development, and application of solutions for environmental, agricultural, and organic markets in the PRC and overseas[198]. - The Group has a hotel leasing business in Nepal, contributing to its diversified portfolio[12]. - The Group's operations are primarily focused on chemical and agricultural product trading, with two business segments[167]. Investment Properties - The Group holds an 80% interest in an investment property in PRC, with a total gross floor area of approximately 2,598.80 sq.m (or about 27,973.48 sq.ft.)[14]. - A resolution was passed for the disposal of the 80% interest in the PRC investment property, with a deposit of HK$11,800,000 received and a balance of HK$47,200,000 to be received upon completion[15]. - The Completion Date for the property transaction has been extended to on or before August 11, 2025[20]. - The investment properties include two locations, one in PRC and one in Hong Kong, enhancing the Group's asset base[18]. - The Group holds a 100% interest in a Hong Kong investment property comprising 95 car parking spaces, leased under a government lease for a term of 999 years[25]. Biological Assets - The total volume of standing timbers on the plantation land is estimated at 460,461 m³ based on a forestry survey conducted by CNBM[36]. - The Company has rights to control and potentially produce economic benefits from biological assets classified under Hong Kong Accounting Standard 41 Agriculture[34]. - The fair value of biological assets is determined using a market-based approach, factoring in total volume, recovery rate, market price, cutting costs, and scrap sale income[35]. - The plantation land acquired by the Group spans approximately 30,000 mu and is under a 30-year timber cutting right agreement[27]. - The Group's rights concerning the biological assets are maintained despite the absence of certain forestry operation permits[34]. - The Company engaged independent professionals for forestry surveying to ensure accurate valuation of biological assets[33]. - The fair value of the Group's biological assets as of June 30, 2025, is approximately RMB172,756,000, a decrease from RMB177,731,000 in 2024, representing a non-cash change[47]. - The total volume of standing timbers increased by 1,064 cubic meters from 459,397 cubic meters at the end of the last financial year to 460,461 cubic meters, reflecting a growth of 0.23% due to natural growth of polar trees[46]. - The market price of polar tree timber decreased from RMB496 per cubic meter at the end of the last financial year to RMB481 per cubic meter, a decline of 3.02%[46]. - The recovery rate applied in the valuation is 80%, with cutting costs accounting for 6% of revenue and scrap sale income contributing 3.5% of revenue[44]. - The Group recorded net losses from major non-current assets of approximately HK$25,592,000 for the year ended June 30, 2025, compared to HK$60,445,000 in 2024[48]. - The Group has not appointed a Plantation Land maintenance operator since July 2018, impacting the optimization of biological assets[46]. - The Group is exploring opportunities to participate in the carbon market using carbon credits produced at the Plantation Land[56]. - The Group will evaluate the economic return from biological assets after assessing the harvest quota and analyzing associated risks[57]. Loan Portfolio - The Group recorded loan interest income of approximately HK$368,000 for the year, an increase from approximately HK$307,000 in 2024, reflecting a growth of about 19.9%[73]. - As of June 30, 2025, the outstanding principal amount of loan receivables was approximately HK$5,315,000, a decrease from approximately HK$5,517,000 in 2024, representing a decline of about 3.7%[73]. - The Group's loan portfolio as of June 30, 2025, totaled approximately HK$15,810,000, with the largest borrower accounting for approximately HK$7,177,000, or 45.4% of the total[86]. - The Group's money lending services primarily target corporate or personal loans not exceeding HK$5 million, focusing on small to medium-sized corporations and professionals referred by senior management[74]. - No provision for impairment loss of loan receivables was deemed necessary during the year, consistent with the previous year[73]. - The internal control procedures for loan assessment include reviewing financial statements and conducting due diligence on potential borrowers[79]. - The finance department is responsible for ongoing monitoring of loan recoverability and debt collection, ensuring timely follow-up on any irregularities[80]. - The Group maintains a loan register to track repayment schedules and statuses, with follow-up actions for delinquent loans including demand letters and potential legal actions[81]. - The major terms of loans are determined based on factors such as borrower credibility, security value, and assessed risks, with listed corporate borrowers generally considered lower risk[82]. - The Group's funding for the money lending business is sourced from its internal resources, ensuring financial stability and control over lending operations[74]. - As of June 30, 2025, the total outstanding loans before expected credit loss allowance amounted to approximately HK$15,810,000[87]. - The largest borrower accounts for approximately HK$7,177,000, representing 45.4% of the total outstanding loans[88]. - The second and third largest borrowers account for approximately HK$4,091,000 (25.9%) and HK$4,033,000 (25.5%) respectively[88]. - The interest rate for the largest borrower is 6.5% per annum, with a bullet repayment due in December 2025[88]. - The second largest borrower has a guaranteed loan with an interest rate of 30% per annum, maturing in December 2023[88]. - The third borrower has an installment loan with a 12% interest rate, repayable in 36 payments over three years, due in November 2025[88]. - The fourth borrower has an outstanding loan of approximately HK$4,091,000 with no interest rate applicable, due in November 2023[88]. - The fifth borrower has an installment loan with a 20% interest rate, repayable in 24 payments over two years, due in September 2023[88]. - The loan portfolio is primarily secured by collateral, including luxury watches for one borrower[88]. - The company has a diversified borrower base, with loans granted to both listed and private entities[88]. - As of June 30, 2025, the outstanding loan receivables before loss allowance amounted to approximately HK$15.8 million, with net receivables after impairment loss provisions totaling approximately HK$7.5 million[90]. - Loan 1's interest rate was revised from 9% to 2% (December 2020 to December 2023), and further to 6.5% (December 2023 to December 2025) after extending the repayment date to December 10, 2025[90]. - Loan 2's interest rate increased from 20% to 30% for the period from September 2020 to December 2023, with the repayment date extended to December 31, 2023[90]. - Loan 3's maturity date was extended to November 25, 2025, with repayment terms changed to instalment repayments from November 2022 to November 2025[90]. - Loan 4's repayment date was extended to November 3, 2023, with the interest rate revised from 12% to 2% and then to nil for the period from November 2022 to November 2023[90]. - Loan 5's maturity date was extended to September 13, 2023, with repayment terms changed from bullet repayment to instalment repayment from October 2021 to September 2023[91]. - The Group conducted due diligence and credit risk assessments for each loan at the time of initial grant and subsequent extensions, considering the financial strength and repayment ability of borrowers[93]. - The adverse market sentiment in 2020 due to the COVID-19 pandemic impacted the financial performance and repayment ability of Borrower 1[94]. - The Group agreed to extend Loan 1 from December 2023 to December 2025, increasing the interest rate to 6.5% due to improved financial positions of Borrower 1 since 2019 and its turnaround performance since 2023[97]. - Borrower 1 had a market capitalization of up to HK$13 billion in 2018, providing potential business opportunities for the Group, including strategic collaborations and investment prospects[97]. - The Group revised the interest rate for Loan 2 from 20% to 30% per annum starting from September 1, 2020, in response to Borrower 2's request for an extension of the repayment date[101]. - Following Borrower 2's default in 2019, the Group engaged an external legal adviser to initiate legal actions, including serving a statutory demand, and reached a settlement arrangement to recover part of the loan receivables[102]. - As of the date of the annual report, the recovery process for outstanding loan receivables from Borrower 2 is ongoing, with legal actions initiated in 2024[103]. - The Group conducted due diligence for Loan 3, assessing credit risk through various documents and determined that the likelihood of recoverability is high due to satisfactory loan-to-security ratios[106]. - The Group agreed to revise repayment terms for certain loans from monthly interest payments to instalment payments, further reducing credit risk[108]. - The Group provided a lower interest rate for Loan 4 starting November 2020, considering the adverse market sentiment and financial difficulties faced by Borrower 4 due to the COVID-19 pandemic[110]. - Borrower 4 committed to repaying approximately HK$4.7 million in outstanding principal and interest through post-dated cheques after a demand letter was issued in 2019[111]. - The Group conducted due diligence for Loan 4, finding Borrower 4 to be creditworthy based on public searches and his reputable background[113]. - The Group has benefited from a long-term relationship with Borrower 4, gaining access to various business and investment opportunities since 2016, particularly in the metal recycling sector[115]. - Following Borrower 4's default in late 2019, the Group issued a demand letter in March 2020, but repayment attempts were hindered by the COVID-19 pandemic[116]. - The Group engaged an external legal adviser to recover outstanding loan receivables from Borrower 4, with ongoing legal proceedings initiated in 2024[118]. - The Group revised the repayment terms for Loan 5 in September 2021 from bullet repayment to instalment repayment, extending the repayment date to September 13, 2023[123]. - The Group issued demand letters for immediate repayment following Borrower 5's default on a loan since July 2022, and collected part of the loan receivables in May 2023[124]. - The outstanding loan receivables associated with five loans represented approximately 2.6% of the total assets of the Group as of June 30, 2025[129]. - The Group's internal control policies for monitoring loan recoverability are deemed effective, despite defaults primarily attributed to global economic downturns and poor investment market sentiments[125]. - Loan 5 was granted for an amount of HK$200,000 after conducting due diligence, which found no negative factors affecting Borrower 5's repayment ability[127]. - The Group performed impairment assessments on loan receivables under the expected credit loss (ECL) model, indicating the money lending business is relatively inactive compared to other principal businesses[129]. - The Group will continue to evaluate the likelihood of recovering outstanding loan receivables and the costs of potential legal actions against defaulting borrowers[125]. - The identification of bad debts involves assessing various factors, including significant changes in borrowers' creditworthiness and financial conditions[130]. - The Group has maintained ongoing communication with Borrower 5 to pursue recovery of outstanding loan receivables, with the recovery process still ongoing as of the report date[124]. - No loan transactions during the year ended June 30, 2025, constituted a notifiable transaction under the Listing Rules[128]. - The Group's internal control procedures are effective in identifying significant changes in borrowers' creditworthiness, ensuring a robust impairment assessment process[130]. Market Conditions - The decline in sales is attributed to weakened consumer purchasing power and sentiment across Greater China, particularly in the PRC, where consumer confidence remains at historical lows[67]. - The PRC's economy is expected to see moderate growth of around 4.8% in 2025, despite challenges such as the property sector downturn and high public debt[144]. - The USA's real GDP growth is projected to decelerate further in 2025 and 2026, with forecasts suggesting growth could be as low as 1.1% to 1.4% for 2026[139]. - The outlook for Hong Kong's economy is projected to maintain solid growth for the rest of 2025, with government forecasting 2-3% GDP growth for the full year[146]. Management and Governance - Mr. Chung Siu Wah has over 8 years of experience in the hotel, gaming, and entertainment industry, contributing to the company's strategic direction[185]. - Mr. Chik To Pan has extensive experience in licensing karaoke music products and operating entertainment businesses, enhancing the company's market presence[186]. - Mr. Liu Yafei brings over 15 years of experience in international trading and mining, which may support future expansion strategies[187]. - Mr. Heung Chee Hang has over 23 years of legal experience, providing governance and compliance oversight as a member of various committees[190]. - Mr. Lee Chi Ho has over 20 years of experience in finance and auditing, currently serving as the chief financial officer for two listed companies, which strengthens financial management[191]. - Ms. Lai Pik Chi has over 30 years of experience in auditing and financial management, contributing to the company's financial oversight[194]. Legal and Compliance - The Group is pursuing legal proceedings to recover a refundable secured deposit of HK$11,000,000 from two independent third parties[173]. - The Group has not identified any material contingent liabilities as of June 30, 2025[172].

CHINA ENVIRONMENTAL RESOURCES GROUP LIMITED 中國環境資源集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1130） 建議修訂現行大綱及細則 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。 主席兼行政總裁 楊智恒 及 建議採納經修訂及重述大綱及細則 本公佈由中國環境資源集團有限公司（「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13.51(1)條作出。本公司董事會（「董事會」）建議(a)修訂本 公司現行組織章程大綱及組織章程細則（「現行大綱及細則」），藉以（其中包括）(i)使 本公司允許其股東（「股東」）選擇透過使用虛擬會議技術出席及參與本公司股東大會 並以電子方式投票及向本公司傳達受委代表相關指示，以及就本公司虛擬股東大會 相關的議事程序作出相應修訂；(ii)使現行細則符合上市規則項下有關進一步擴大 無紙化上市機制之最新監管規定；以及(iii)加入若干輕微的後續及內務修訂 ...

FF301 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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國環境資源集團有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 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) | 01130 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 488,769,147 | | 0 | | 488,769,147 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 488,769,147 | | 0 | | 488,769, ...

Core Viewpoint - China Environmental Resources (01130) reported a significant decline in revenue and an increase in shareholder losses for the fiscal year ending June 30, 2025, primarily due to reduced performance in its automotive and material recycling businesses [1] Financial Performance - The company achieved revenue of HKD 60.749 million, representing a year-on-year decrease of 26.65% [1] - Shareholder losses amounted to HKD 40.305 million, a year-on-year reduction of 40.43% [1] - Basic loss per share was HKD 0.08 [1] Business Segments - The decline in revenue was mainly attributed to decreased performance in the automotive and material recycling sectors [1] - Gross profit reduction was primarily due to the downturn in the automotive business [1] Cost Factors - The annual loss was driven by several factors, including administrative and operational expenses, fair value losses on investment properties, changes in the fair value of biological assets leading to losses upon disposal, provisions for impairment of receivables, and financing costs [1]

Financial Performance - The total revenue for the year ended June 30, 2025, was HKD 60,749,000, a decrease of 26.7% compared to HKD 82,817,000 for the year ended June 30, 2024[4]. - The gross profit for the year was HKD 13,252,000, down 25.1% from HKD 17,724,000 in the previous year[4]. - The operating loss for the year was HKD 39,292,000, significantly improved from a loss of HKD 75,877,000 in the prior year, indicating a reduction of 48.2%[4]. - The net loss attributable to the owners of the company was HKD 40,305,000, compared to HKD 67,660,000 in the previous year, reflecting a decrease of 40.5%[5]. - The total comprehensive loss for the year was HKD 38,437,000, down from HKD 73,264,000, marking a reduction of 47.5%[4]. - The company reported a comprehensive loss of HKD (42,940,000) in 2025, an improvement from HKD (72,084,000) in 2024, indicating a reduction in overall losses by about 40.5%[24]. - The company reported a pre-tax loss of HKD 45,281,000 for 2025, compared to a loss of HKD 82,678,000 in 2024, reflecting a 45% improvement year-over-year[31]. - Basic loss per share for the year was approximately HKD 40,305,000, down from HKD 67,660,000 in the previous year, indicating a reduction of 40%[33]. - The loss for the year reduced to approximately HKD 42,940,000, down from a loss of HKD 72,084,000 in the previous year[81]. - Basic and diluted loss per share was HKD 0.08, compared to HKD 0.16 in 2024[81]. Assets and Liabilities - The company's cash and cash equivalents as of June 30, 2025, were HKD 1,920,000, a significant decrease from HKD 22,857,000 in the previous year[6]. - The total assets less current liabilities amounted to HKD 489,742,000, down from HKD 530,631,000 in the previous year[7]. - The company's non-current assets decreased to HKD 518,481,000 from HKD 541,554,000, indicating a decline of 4.3%[6]. - The total assets decreased to HKD 607,732,000 in 2025 from HKD 661,398,000 in 2024, reflecting a decline of approximately 8.1%[24]. - Total liabilities increased slightly to HKD 227,147,000 in 2025 from HKD 242,376,000 in 2024, showing a decrease of about 6.3%[24]. - The total equity attributable to the owners of the company was HKD 374,043,000, down from HKD 409,944,000, reflecting a decrease of 8.8%[7]. - The group’s net asset value was approximately HKD 380,585,000, down from HKD 419,022,000 in 2024[84]. - Total borrowings amounted to approximately HKD 68,099,000, a decrease from HKD 84,841,000 in 2024[83]. Revenue Sources - The group reported customer contract revenue of HKD 51,868,000 for the year ending June 30, 2025, down from HKD 73,794,000 in the previous year[16]. - Revenue from Hong Kong decreased to HKD 48,485,000 in 2025 from HKD 68,093,000 in 2024, a decline of approximately 28.9%[25]. - Revenue from major customer B was HKD 34,512,000 in 2025, slightly increasing from HKD 34,019,000 in 2024, maintaining a significant contribution to total revenue[26]. - The metal recycling business recorded a significant revenue decline to approximately HKD 2,831,000 for the year ending June 30, 2025, down from HKD 9,822,000 in 2024, indicating a decrease of about 71.2%[67]. - The automotive and automotive parts business saw revenues drop to approximately HKD 48,769,000 for the year ending June 30, 2025, compared to HKD 63,726,000 in 2024, reflecting a decline of about 23.5%[69]. - Sales of automotive tires in Hong Kong and Taiwan decreased from approximately HKD 53,057,000 to HKD 38,143,000, a reduction of 28.1%[69]. - The hotel leasing business generated revenue of approximately HKD 4,924,000 for the year ending June 30, 2025, compared to HKD 4,784,000 in 2024, showing an increase of about 2.9%[77]. - The lending business generated interest income of approximately HKD 368,000 for the year, up from HKD 307,000 in 2024, representing an increase of about 19.9%[72]. Operational Changes and Strategies - The group has committed to measures aimed at improving operational cash flow, including cost-saving initiatives[10]. - The group anticipates sufficient cash resources to meet future operational funding and financing needs for at least the next 12 months from June 30, 2025[10]. - The company is engaged in various businesses, including metal recycling, automotive parts, and green market solutions, indicating a diversified operational strategy[50]. - The group continues to explore new business opportunities and is committed to developing sustainable existing operations[50]. - The company is considering the feasibility, costs, and returns of installing electric vehicle charging facilities in parking spaces to enhance competitiveness and increase usage rates[56]. - The company has not appointed a maintenance operator for the planting land since July 2018, which has affected the optimization of biological asset usage[62]. - The company is actively seeking lower-risk countries for metal recycling operations due to the challenging conditions in the Chinese market[68]. - The automotive sector is facing challenges due to weakened consumer purchasing power in Greater China, impacting sales and market dynamics[70]. - The company aims to maintain market share in the premium tire segment while exploring potential markets with demand for quality automotive tires[71]. Impairment and Valuation - The company reported a significant impairment loss on biological assets of HKD 5,373,000, compared to HKD 38,595,000 in the previous year, showing a substantial improvement[4]. - The impairment loss provision for accounts receivable decreased significantly from HKD 8,884,000 in 2024 to HKD 1,188,000 in 2025, a reduction of 86%[43]. - The fair value loss on investment properties was HKD (15,680,000) in 2025, compared to HKD (17,294,000) in 2024, showing a slight improvement in property valuations[24]. - The fair value of biological assets as of June 30, 2025, is approximately RMB 172,756,000, down from RMB 177,731,000 in 2024[62]. - The fair value of unharvested timber as of June 30, 2025, was HKD 189,080,000, down from HKD 190,958,000 in 2024, reflecting a decrease of 1%[36]. - The discount rate used for the valuation of operational rights is 15.6%, up from 14.3% in the previous year[65]. - The company’s management has assessed valuation techniques and discussed valuation processes with independent valuers to ensure accurate reporting of biological assets[39]. Governance and Compliance - The company has complied with the corporate governance code, except for the separation of roles between the chairman and CEO, which is currently held by the same individual[93]. - The audit committee consists of three independent non-executive directors, ensuring appropriate financial management expertise[96]. - The group's financial statements for the year ending June 30, 2025, have been reviewed by the external auditor, confirming consistency with the preliminary announcement[97]. - The board comprises six executive directors and three independent non-executive directors as of the announcement date[100]. - There are no significant contingent liabilities known to the board as of June 30, 2025[91]. - As of June 30, 2025, the group has minimal foreign currency risk, primarily conducting transactions in functional currencies of respective entities[90]. Shareholder Information - The company did not declare any dividends for the years ended June 30, 2025, and June 30, 2024[35]. - No dividends were recommended or declared for the year ended June 30, 2025[88]. - The company will hold its annual general meeting on December 4, 2025, with a record date of December 1, 2025, during which share transfer registration will be suspended[89].