Core Viewpoint - In October 2025, China's commercial vehicle sales increased by 21% year-on-year, with the truck market growing by 22%. However, the light truck market showed only a slight increase of 0.3%, indicating a weaker performance compared to the overall market growth [1][2][5]. Summary by Sections Overall Market Performance - The truck market sold 311,100 units in October 2025, a slight decrease of 0.3% month-on-month but a 22% increase year-on-year [2]. - The light truck market, which includes light trucks, small trucks, and pickups, sold 161,700 units in October, with a year-on-year increase of 0.3%, marking a "9 consecutive months of growth" [4][5]. Light Truck Market Analysis - The light truck market's year-on-year growth of 0.3% in October is the only segment that underperformed compared to the overall truck market, which saw a 22% increase [5]. - Cumulatively, from January to October 2025, the light truck market's sales reached 1.6442 million units, reflecting a 6% year-on-year increase, which is lower than the overall truck market's growth [9][17]. Historical Context - The October 2025 sales of 161,700 units rank fourth in the last ten years, indicating a stable but not exceptional performance compared to previous years [7]. - The cumulative sales of light trucks in the first ten months of 2025 are within the normal range of 1.5 million to 1.6 million units seen over the past decade [9]. Company Performance - Seven companies sold over 10,000 units in October 2025, with Foton leading at 38,000 units, followed by Changan, Great Wall, and others [12][13]. - Among the top ten companies, six experienced year-on-year sales growth, with notable increases from Changan (24%), Great Wall (9%), and others [16][20]. Market Share Dynamics - Foton holds a market share of 22.27%, while Changan, Great Wall, and others have shares ranging from 8.66% to 9.19% [17][22]. - Companies like Remote and BYD saw significant market share increases, with BYD's share rising by 1.69 percentage points [22]. Future Outlook - The light truck market's performance in the upcoming months will be closely monitored to see if the trend of consecutive growth can continue [23].

Market Capitalization of Hong Kong Listed Film and Entertainment Companies - The market capitalization rankings of 17 Hong Kong listed film and entertainment companies as of October 31, 2025, show that China Literature (00136.HK) leads with a market cap of HKD 454.30 billion, followed by Tencent Music Entertainment (00772.HK) at HKD 426.77 billion [1] - Other notable companies include Alibaba Pictures (01060.HK) with a market cap of HKD 274.86 billion and Giant Interactive (06683.HK) at HKD 78.42 billion [1] Price Performance of Hong Kong Listed Film and Entertainment Companies - The price performance rankings indicate that "Coming Signal" (02306.HK) experienced the highest year-to-date increase of 260.32%, reaching a price of HKD 2.27 [2] - Other significant gainers include Liti Pictures (09958.HK) with a 94.92% increase and Alibaba Pictures (01060.HK) with a 93.68% increase [2] - Conversely, companies like Starry Media (06698.HK) and Happy Media (01003.HK) faced declines of 66.94% and 31.18%, respectively [2]

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10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 橙天嘉禾娛樂（集團）有限公司 呈交日期: 2025年11月6日 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) | 01132 | 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 | | | 2,799,669,050 | | 0 | | 2,799,669,050 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 2,799,669,050 | | 0 | | 2,799,669,050 | 第 1 頁 共 10 頁 v 1.1.1 I. 法定/註冊股本變動 | 1. 股份分類 ...

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: 橙天嘉禾娛樂（集團）有限公司 呈交日期: 2025年10月6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) | 01132 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 6,000,000,000 | HKD | | 0.1 | HKD | | 600,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 6,000,000,000 | HKD | | 0.1 | HKD | | 600,000,000 | 本月底法定 ...

ORANGE SKY GOLDEN HARVEST ENTERTAINMENT (HOLDINGS) LIMITED 橙天嘉禾娛樂（集團）有限公司* (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：1132) NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder(s) (Note 1) , 30 September 2025 ORANGE SKY GOLDEN HARVEST ENTERTAINMENT (HOLDINGS) LIMITED (the "Company") — Notification of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are availa ...

ORANGE SKY GOLDEN HARVEST ENTERTAINMENT (HOLDINGS) LIMITED 橙天嘉禾娛樂（集團）有限公司* (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：1132) If you for any reason have difficulty in receiving email notification or gaining access to the Website Version of the Corporate Communications and would like to receive the Current Corporate Communication and all future Corporate Communications in printed form, please complete, sign the enclosed Reply Form and return it to the Company's branch shar ...

Revenue Performance - The group's revenue decreased by 2% to HKD 362.7 million for the period ending June 30, 2025, compared to HKD 369.2 million in 2024[7]. - The group's total revenue from continuing operations decreased by 2% to HKD 362.7 million in 2025, down from HKD 369.2 million in 2024, with total attendance dropping by 7%[16]. - Revenue for the six months ended June 30, 2025, is HKD 362,684,000, a slight decrease from HKD 369,249,000 for the same period in 2024[28]. - Total revenue for the six months ended June 30, 2025, was HKD 362.68 million, a decrease from HKD 369.25 million in the same period of 2024, representing a decline of approximately 1.5%[55]. - The segment revenue from movie screenings was HKD 483.16 million for the six months ended June 30, 2025, compared to HKD 537.47 million in 2024, indicating a decrease of about 10.1%[54]. Profitability - The group recorded a non-recurring income of HKD 19.1 million due to the reversal of restoration cost provisions and HKD 85.8 million from lease modifications during the period[8]. - The gross profit from continuing operations increased by 1% to HKD 242.9 million, attributed to higher-margin film licensing revenue[16]. - Operating profit significantly increased to HKD 115,445,000 from HKD 8,827,000 year-over-year[28]. - The profit before tax for the period is HKD 105,085,000, a recovery from a loss of HKD 10,731,000 in the previous year[28]. - The net profit from continuing operations is HKD 136,712,000, compared to a loss of HKD 17,678,000 in the same period last year[29]. - The company reported a profit of HKD 136,712,000 for the six months ended June 30, 2025, compared to a loss of HKD 81,048,000 in the same period of 2024, marking a significant turnaround[31]. - The group recorded a profit attributable to equity holders of HKD 136,712,000 for the six months ended June 30, 2025, compared to a loss of HKD 81,048,000 for the same period in 2024[63]. Attendance and Market Share - The cinema operations in Singapore accounted for 79% of the group's total segment revenue in 2025, down from 81% in 2024, highlighting its significance as a primary revenue source[8]. - The total attendance in Hong Kong dropped from 900,000 in the first half of 2024 to 800,000 in the same period of 2025, leading to a 26% decline in box office revenue to HKD 42.8 million[11]. - The group maintained its market leadership in Singapore with a 57% share of the local box office during the reporting period[9]. - The average ticket price in Hong Kong decreased from HKD 64 in 2024 to HKD 53 in 2025, aimed at attracting more viewers back to cinemas[11]. - The average net ticket price rose by 6% from SGD 12.1 in 2024 to SGD 12.8 in 2025, despite a 5% decrease in attendance to 2.24 million[13]. Operational Changes - The number of cinemas operated in Hong Kong decreased from 8 in 2024 to 0 in 2025, resulting in a significant operational shift[10]. - The group has ceased all cinema operations in Hong Kong as of June 30, 2025, focusing its efforts on the Singapore market[8]. - The cinema business remains the primary revenue source, contributing 88% to the total segment revenue as of June 30, 2025[9]. - The group operates 16 cinemas with 122 screens in Singapore, maintaining a market share of 51% of installed screens and 57% of total box office revenue[12]. - The group plans to expand its Gold Class premium cinema offerings to meet changing consumer preferences post-pandemic[13]. Financial Position - The net asset value reached HKD 1.4054 billion as of June 30, 2025, up from HKD 1.1698 billion at the end of 2024[19]. - Cash and bank balances totaled HKD 152.2 million as of June 30, 2025, compared to HKD 133.6 million at the end of 2024[19]. - The company's net asset value rose to HKD 1,405,386,000 as of June 30, 2025, compared to HKD 1,169,790,000 at the end of 2024, indicating improved financial health[35]. - The company’s cash and cash equivalents increased to HKD 152,205,000 from HKD 133,568,000, demonstrating better liquidity management[34]. - The group’s debt-to-asset ratio remains stable at 9.0% as of June 30, 2025, compared to 8.0% on December 31, 2024[20]. Future Outlook - The group anticipates a decline in box office, attendance, and overall revenue due to a lack of blockbuster films and shortened release schedules[7]. - The group aims to diversify revenue by increasing alternative content and live streaming, as well as enhancing its e-commerce capabilities[14]. - The company will adopt a cautious approach towards future operations and expansion plans due to high uncertainty in trade prospects[21]. - Future guidance indicates a cautious outlook due to market volatility and potential economic challenges[39]. Corporate Governance and Shareholder Information - The company does not recommend the payment of an interim dividend for the six months ending June 30, 2025, consistent with the previous year[79]. - The company has adhered to the corporate governance code, with exceptions noted for attendance at shareholder meetings by certain directors[109]. - The company has adopted a relaxed code for securities trading by directors, confirming compliance during the reporting period[110]. - The company’s major shareholder, Mr. Wu, holds 1,998,578,497 shares, representing approximately 71.39% of the issued share capital[101]. - As of June 30, 2025, the total number of shares issued is 2,799,669,050, with major shareholders holding significant stakes: 71.39% by Wu Ke Bo, 51.18% by Mainway Enterprises Limited, and 20.21% by Orange Sky Entertainment Group[104].

Core Viewpoint - Orange Sky Golden Harvest (01132.HK) announced the resignation of Go Misaki as an executive director, effective September 16, 2025, to allow him to dedicate more time to personal matters. The company also appointed Wu Zhi Yu as the new executive director, effective on the same date [1]. Summary by Category - **Management Changes** - Go Misaki is resigning from his position as executive director to focus on personal affairs, effective September 16, 2025 [1] - Wu Zhi Yu has been appointed as the new executive director, also effective September 16, 2025 [1]

Core Points - Ms. Go Misaki has resigned as an executive director of Orange Sky Golden Harvest Entertainment (01132), effective from September 16, 2025, to focus on her personal affairs [1] - Mr. Wu Zhi Yu has been appointed as the executive director of the company, also effective from September 16, 2025 [1]

Core Points - Ms. Go Misaki has resigned as an executive director of the company to dedicate more time to her personal affairs, effective from September 16, 2025 [1] - Mr. Wu Zhi Yu has been appointed as the company's executive director, also effective from September 16, 2025 [1]