香港科技探索有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事會（「董 事會」）欣然宣佈本集團若干業務更新及二零二五年二月未經審核營運數據。 (1) 香港電子商貿業務更新 於二零二五年二月，平均每日訂單總商品交易額 i輕微下降 1.7% 至 22,700,000 港元（二零二五年一月：23,100,000 港元）。此跌幅可歸因於以下因素： 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，概不對因本公告全部或任何部分 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。 業務更新 及 二零二五年二月之未經審核營運數據 1 1. 與過往農曆新年後的季節性效應一致，二零二五年一月農曆新年前的強勁購 買活動並未延續至二零二五年二月。 2. 自二零二五年一月底開始的農曆新年長假期令香港居民出境旅遊顯著增加， 導致二零二五年二月初之購物活動減少。 (2) 本集團二零二五年二月之香港電子商貿業務 (不包括 HKTVmall 現金券之銷售) 之未經審核營運數據如下: | | 每月 | | | 百份比變化 | | | --- | --- | ...

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，概不對因本公告全部或任何部分 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。 業務更新 及 二零二五年一月之未經審核營運數據 香港科技探索有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事會（「董 事會」）欣然宣佈本集團若干業務更新及二零二五年一月未經審核營運數據。 (1) 香港電子商貿業務更新 香港電子商貿業務為 HKTVmall，包括第三方物流服務及 ThePlace，因應農曆 新年前購買需求增加的契機，於二零二五年一月表現穩步增長。然而，由於農 曆新年的公眾長假期導致出境旅遊顯著增加，相較二零二四年一月而言，整體 業務表現受到一定程度的影響。 二零二五年一月的主要營運重點包括： 1 1. 二零二五年一月之訂單總商品交易額 i為 717,000,000 港元（二零二四年十 二月：685,000,000 港元），較上月增長 4.7%。 2. 平均每日訂單總商品交易額達 23,100,000 港元（二零二四年十二月： 22,100,000 港元；二零二四年一月：24,20 ...

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，概不對因本公告全部或任何部分 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。 (1)二零二五年財務年度業務展望及目標; 及 (2)香港電子商貿業務二零二四年十二月及二零二四年財務年度 之未經審核營運數據 香港科技探索有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事會（「董 事會」）欣然宣布本集團之二零二五年財務年度之業務展望及目標以及本集團之香港 電子商貿業務之二零二四年十二月及二零二四年財務年度未經審核營運數據。 (1) 本集團於二零二五年財務年度之業務展望及目標 本地經濟復甦緩慢，持續面臨挑戰，對香港零售表現造成顯著影響。根據政府 統計，二零二四年首十一個月合計的零售業總銷貨價值的臨時估計較二零二三 年同期下降 6.5%i。 此外，出境旅遊顯著增加以及本地居民和遊客兩者的消費 模式轉變也進一步影響香港零售表現。 鑑於這些因素，本集團的業務表現於二零二四年不可避免地受到影響，但訂單 總商品交易額 ii 仍達到 85.8 億港元，較二零二三年的 84.2 億港元增加 1 ...

業務更新 及 二零二四年十一月之未經審核營運數據 香港科技探索有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事會（「董 事會」）欣然宣布本集團若干業務更新及二零二四年十一月未經審核營運數據。 (1) 香港電子商貿業務更新 於二零二四年十一月，由於本地市場經濟持續疲弱、出境旅遊顯著增加，以及 缺乏類似於去年的「阿媽都話正」的大型推廣活動，香港電子商貿業務面臨若 干挑戰，這些挑戰反映在與上個月及去年同月相比的主要指標上。這些因素導 致客戶於 HKTVmall 上的活動減少，尤其是在本月下半月。 1 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，概不對因本公告全部或任何部分 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。 香港科技探索有限公司 主席 張子建 2 a. 平均每日訂單總商品交易額 i 為 22,900,000 港元，較二零二四年十月輕微下 降 1.3%及二零二三年十一月下降 6.5%。每月訂單總商品交易額為 687,000,000 港元，較上個月下降 4.5%及去年同月下降 6.7%。 b. 獨立客戶數目約為 ...

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，概不對因本公告全部或任何部分 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。 (2) 本集團二零二四年十月之香港電子商貿業務 (不包括 HKTVmall 現金券之銷售) 之未經審核營運數據如下: 業務更新 及 二零二四年十月之未經審核營運數據 香港科技探索有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事會（「董 事會」）欣然宣佈本集團若干業務更新及二零二四年十月未經審核營運數據。 (1) 香港電子商貿業務更新 儘管香港零售業情緒持續疲弱，我們的香港電子商貿業務於二零二四年十月取 得了令人鼓舞的營運表現，尤其受益於由二零二四年十月十五日開始的十月感 謝祭： 1 1. 平均每日訂單總商品交易額 i 增加 4.5%，於二零二四年十月達到 23,200,000 港元（二零二四年九月：22,200,000 港元），產生每月訂單總商品交易額為 719,000,000 港元（ 二零二四年九月： 665,000,000 港元）； 2. 每月活躍 HKTVmall 應用程式使用者 ii增 ...

Financial Performance - Total gross merchandise value for the group reached approximately HKD 4,235,500,000, representing a 4.9% increase compared to the same period last year, outperforming the overall retail market in Hong Kong [7]. - Revenue for the period was HKD 1,897,548, reflecting a 3.8% increase compared to HKD 1,828,567 in the previous year [9]. - The company reported a net loss of HKD 27,478, a decline of 156.4% from a profit of HKD 48,696 in the previous year [9]. - Total gross merchandise value for completed orders gross merchandise value reached HKD 4,199,746, up 5.2% from HKD 3,992,883 year-on-year [9]. - The company reported a net loss of HKD 27,500,000 for the first half of 2024, compared to a profit of HKD 48,700,000 in the same period of 2023 [55]. - Total revenue for the six months ended June 30, 2024, was HKD 1,897,548, an increase of 3.7% from HKD 1,828,567 for the same period in 2023 [74]. - The company reported a loss before tax of HKD 28,899 compared to a profit of HKD 43,400 in the previous year, reflecting a significant decline [74]. - The company reported a total comprehensive loss of HKD 14,093 for the period, compared to a total comprehensive income of HKD 53,188 in the previous year [75]. E-commerce Growth - The group has maintained a steady growth in its e-commerce business, which has been operational for ten years, focusing on continuous improvement and innovation [7]. - The overall strategy includes exploring international markets and diversifying business models to avoid stagnation and potential market exit [7]. - Active users of the HKTVmall app increased to 1,647,000 in June 2024, up from 1,581,000 in June 2023, reflecting a growth trend [16]. - The number of independent customers shopping on HKTVmall rose by 61,000 to 1,218,000 in the first half of 2024, compared to 1,157,000 in the same period of 2023 [17]. - The total merchandise transaction value for products eligible for the eight-hour express delivery service grew approximately 130.0% from December 2023 to June 2024, exceeding the initial target of 120,000 products [38]. - The "Street Market Same-Day Delivery" service saw its total merchandise transaction value grow from HKD 23.3 million in the first half of 2023 to HKD 107.9 million in the first half of 2024, representing a year-on-year growth of 363.1% [43]. - Everuts, launched in January 2023, achieved a total merchandise transaction value of HKD 22.7 million in the first half of 2024, a 136.5% increase compared to the same period in 2023 [43]. Cost Management and Profitability - Adjusted EBITDA decreased by 54.5% to HKD 37,596 from HKD 82,580 year-on-year, with an adjusted EBITDA margin of 0.9% [9]. - The gross profit margin increased to 22.9% in H1 2024 from 22.3% in H1 2023, driven by improved margins in both 1P and 3P businesses [24]. - The 1P business gross margin was intentionally raised to 25.0% in H1 2024, up from 23.5% in H1 2023, through active pricing strategies and cost management [25]. - The company reported a significant non-cash item of investment property valuation loss amounting to HKD 8,550,000 in the first half of 2024 [12]. - Other operating expenses increased by HKD 130,500,000 to HKD 1,044,200,000 in the first half of 2024, up from HKD 913,700,000 in the first half of 2023 [49]. - Delivery costs accounted for 11.8% of the total completed order merchandise transaction value in the first half of 2024, up from 10.9% in the first half of 2023 [53]. Strategic Initiatives - The company is actively promoting two innovative business models: "Street Market Same-Day Delivery" and the global purchasing platform "Everuts," aiming to expand online shopping offerings [7]. - The company plans to invest in advertising and marketing to expand its user base beyond 1.6 million users and attract new customers [8]. - The company aims to increase customer loyalty and shopping frequency on HKTVmall through improved service offerings [35]. - The company is developing a fully automated retail store system, with the first store located in Manchester, UK, expected to enhance efficiency over the next one to two years [45]. - The company plans to allocate approximately HKD 200 million for the expansion of its electronic delivery center in Tseung Kwan O, expected to be completed by the end of 2023 [60]. Market Conditions and Challenges - The retail sales value in Hong Kong for the first half of 2024 decreased by 6.5%, while online retail sales value saw a slight decline of 0.3% compared to the same period last year [7]. - The company anticipates challenges in the retail environment in Hong Kong, maintaining a cautious yet flexible approach to manage its business [63]. - The company recognizes the need for innovation to maintain its unique advantages in the competitive landscape of Hong Kong's retail sector [7]. - The group incurred a loss of HKD 84,500,000 in the new exploration and technology segment for the first half of 2024, compared to a loss of HKD 48,000,000 in the same period of 2023 [56]. Cash Flow and Financial Position - Free cash flow improved significantly to HKD 47,250, compared to a negative HKD 26,560 in the same period last year, marking a 277.9% increase [9]. - Cash position increased by 33.4% to HKD 765,338 from HKD 573,593 at the end of December 2023 [10]. - The group generated a net cash inflow from operating activities of HKD 176,500,000 during the first half of 2024 [58]. - The company reported a significant increase in cash and cash equivalents, with a net increase of HKD 254,167,000 compared to a decrease of HKD 95,632,000 in the prior year [83]. - The total cash position increased primarily due to a net realization of financial assets of HKD 147,900,000 [58]. Shareholder Information - The company has a total of 2,165 full-time employees as of June 30, 2024, down from 2,214 as of December 31, 2023 [73]. - The company did not declare any interim dividend for the six months ended June 30, 2024, consistent with the same period in 2023 [122]. - The board has adopted a dividend policy aimed at providing reasonable returns to investors while retaining sufficient capital for sustainable growth [165]. - The company expects to distribute dividends at 30% to 60% of adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) based on current payout ratio guidelines [165].

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 告 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。 香 港 科 技 探 索 有 限 公 司 Hong Kong Technology Venture Company Limited （股份代號：1137） （根據公司條例於香港註冊成立之有限公司） 截至二零二四年六月三 十 日止六個月 之 中 期 業 績 | --- | --- | |-------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Performance - Direct merchandise sales for 2023 amounted to HKD 2,393,000,000, a slight decrease from HKD 2,425,600,000 in 2022[12] - The group reported a net profit of HKD 45,321,000 for 2023, a decrease of 78.6% compared to HKD 212,204,000 in 2022[21] - Adjusted EBITDA for the year was HKD 122,717,000, down 61.2% from HKD 316,388,000 in the previous year[27] - Revenue for the year was HKD 3,811,706,000, a slight decrease of 0.4% from HKD 3,828,051,000[27] - The total gross merchandise value (GMV) reached HKD 8,423,983,000, reflecting a 1.8% increase from HKD 8,276,171,000[27] - The net profit margin for the year was 0.6%, down from 2.6% in 2022[27] - The total gross merchandise transaction value for the year 2023 was HKD 8,210,300,000, showing a slight increase from HKD 8,188,100,000 in 2022, reflecting a moderate year-on-year growth rate due to economic constraints and slow retail recovery[76] - The total gross merchandise value of completed orders increased by 1.7% to HKD 8,330,100,000 in 2023, compared to HKD 8,188,100,000 in 2022[150] - The company's revenue decreased by 0.4% year-on-year to HKD 3,811,700,000 in 2023, down from HKD 3,828,100,000 in 2022[150] Operating Expenses - Other operating expenses increased by HKD 110,600,000 to HKD 1,979,300,000 in 2023, compared to HKD 1,868,700,000 in 2022[13] - The operating expenses for the Hong Kong e-commerce segment were HKD 1,740.7 million, which is 21.2% of the total merchandise transaction value in 2023, up from 20.5% in 2022[14] - The new exploration and technology segment's main operating expenses increased to HKD 136.5 million in 2023 from HKD 76.0 million in 2022[14] - The e-commerce operation and support costs as a percentage of total gross merchandise value rose from 4.6% in 2022 to 4.8% in 2023[156] - Operating expenses for O2O store operations increased from 1.8% of total completed order GMV in 2022 to 2.4% in 2023, attributed to a shift back to point-to-point delivery services post-COVID[173] Marketing and Promotions - The company launched a large promotional campaign in November and December 2023, which included distributing cash vouchers of at least HKD 3,000 to HKTVmall users, leading to increased costs[17] - Marketing and promotional expenses represented 2.7% of the total merchandise transaction value in 2023, compared to 2.4% in 2022[14] - A marketing campaign titled "Mom Says It's Good" was launched on November 2, 2023, featuring advertisements in 58 MTR stations and distributing cash vouchers worth at least HKD 3,000 to HKTVmall users[122] - The company has initiated a significant marketing campaign, including creative advertisements covering over 50 MTR stations to promote HKTVmall[63] Customer Engagement and Expansion - The company has established a high-interaction environment through its global interactive shopping live broadcasts, enhancing community engagement with target customers[9] - The company expanded delivery services to cover remote areas, aiming to attract new customer segments[53] - The number of independent customers increased by approximately 104,000 in 2023, reaching a total of about 1,507,000 independent customers[102] - Monthly active app users increased from 1,520,000 in December 2022 to 1,680,000 in December 2023, peaking at 1,780,000 in November 2023[125] - The company aims to enhance user engagement by promoting less frequently purchased product categories and attracting new customers through strategic discounts[122] Strategic Initiatives - The company plans to seize new market opportunities with a new strategic direction[24] - The company is focusing on continuous system design improvements and store operation reviews to enhance future large-scale deployment effectiveness and efficiency[11] - The company is committed to investing in new concepts, technologies, and business developments over the next three to five years, requiring resource allocation and funding[70] - The company is focusing on strengthening its e-commerce foundation by expanding its online merchant base and diversifying product offerings[121] Product and Service Development - The company launched its first automated retail store, "in:Five," in Manchester, UK, allowing customers to pick up products via an app within minutes[149] - The company has launched a second-hand goods trading platform, "EcoMart," to encourage sustainable consumption and strengthen customer connections[65] - The company introduced a new "Display Store" model in December 2023, allowing customers to find independently operated online stores on HKTVmall's search engine[87] - The company expanded its product offerings to approximately 1,600,000 items through over 6,400 merchants and suppliers by December 2023[104] Logistics and Delivery - The company expects to enhance the efficiency of its "last mile" delivery resources through a merchant delivery program launched in the second half of 2022[16] - The "Street Market Same-Day Delivery" service now covers over 90% of HKTVmall's existing customer base, exceeding the 75% target set for 2022[87] - The third-party logistics service enabled a reduction in order-to-delivery time to 8 hours, with significant transaction growth: 198% for a small equipment merchant, 84% for a personal care merchant, and 62% for a pet merchant compared to the same period in 2022[128] - HKTVmall expanded its "last mile" delivery service to the UK, offering nearly 700,000 product choices[86] Market Challenges - The company is facing competitive pressure from domestic physical stores and online shopping platforms, necessitating the introduction of more merchants from outside Hong Kong and potentially engaging in price wars to gain market share[68] - The company is considering adjustments to its future strategies in response to changing consumer behaviors and increased competition from domestic and cross-border retail[90] Financial Health - As of December 31, 2023, cash position is HKD 573,593, a decrease of 18.7% from HKD 705,807 in the previous year[42] - Total equity attributable to shareholders is HKD 2,145,348, down 2.9% from HKD 2,208,793[42] - The number of issued shares decreased by 3.7% to 888,546 thousand shares from 923,090 thousand shares[42] - The net asset value per share increased by 0.8% to HKD 2.41 from HKD 2.39[42] Employee and Corporate Governance - The company reported a gender distribution of 38.9% male and 34.4% female among its workforce[196] - The age group distribution shows 37.1% under 30 years, 37.2% between 30-50 years, and 37.8% over 50 years[196] - 49.8% of the workforce is located outside of Hong Kong, indicating a significant geographical spread[196] - The company provides up to two days of onboarding and safety training for frontline staff[198] - The company has implemented various cybersecurity measures, including a 24-hour managed security operations center and regular security assessments by certified third parties[190]

Financial Performance - For the first half of 2023, HKTVmall recorded a total merchandise transaction value of approximately HKD 4,028,000,000, a decrease of 3.8% compared to approximately HKD 4,186,000,000 for the same period in 2022[7]. - The total merchandise transaction value based on completed orders for the first half of 2023 was HKD 3,986,600,000, compared to HKD 4,135,300,000 in the first half of 2022[10]. - The total merchandise transaction value for the first half of 2023 was HKD 3,986,600,000, representing a decline of 3.6% compared to HKD 4,135,300,000 in the first half of 2022[48]. - The group recorded a net profit of HKD 48.7 million in H1 2023, down from HKD 127.8 million in H1 2022, with adjusted EBITDA of HKD 82.6 million compared to HKD 195.6 million in the previous year[57]. - The company reported a profit of HKD 48,696,000 for the six months ending June 30, 2023, compared to HKD 127,849,000 for the same period in 2022[114]. - The net profit for the period was HKD 48,696, a significant decline of 61.9% from HKD 127,849 in the same period last year[132]. - Basic earnings per share decreased to HKD 0.05 from HKD 0.14, reflecting a 64.3% drop[132]. - Revenue for the six months ended June 30, 2023, was HKD 1,828,567, a decrease from HKD 1,922,144 in the same period of 2022, representing a decline of approximately 4.9%[151]. - Revenue from direct merchandise sales was HKD 1,162,383, down from HKD 1,210,255, indicating a decrease of about 4.0%[162]. - Revenue from licensed sales and other service income was HKD 606,010, compared to HKD 641,745, reflecting a decline of approximately 5.6%[162]. Customer Engagement and Behavior - The average purchase frequency per customer in Q2 2023 was 4.80 times, down from 5.09 times in Q4 2022[9]. - The number of independent customers reached 1,229,000 in the first half of 2023, an increase from 1,107,000 in the same period of 2022[12]. - The number of independent customers who shopped on HKTVmall increased from 1,107,000 in the first half of 2022 to 1,229,000 in the first half of 2023, indicating a structural change in consumer shopping behavior[28]. - The average retention rate of senior members in the "HKTVmall Senior Club" is 64.0% higher than that of general customers, with a 97.0% increase in total merchandise transaction value in Q2 2023 compared to Q2 2022[41]. - The company emphasized maintaining existing customer online shopping habits while expanding the customer base[7]. Operational Efficiency and Costs - The mixed commission rate slightly decreased to 21.7% in the first half of 2023, compared to 22.1% in the same period of 2022[14]. - Delivery costs as a percentage of total merchandise transaction value decreased from 11.4% in the first half of 2022 to 10.6% in the first half of 2023[53]. - Other operating expenses decreased by HKD 3,600,000 to HKD 913,700,000 in the first half of 2023, with delivery costs and marketing expenses being the main operational cost items[50]. - E-commerce operating and support costs increased from 4.6% of total completed order merchandise trading volume in H1 2022 to 5.1% in H1 2023, primarily due to increased talent resources and related expenses from diversified business expansion[54]. - Operating expenses for O2O store operations increased from 2.0% of total merchandise transaction value in the first half of 2022 to 2.4% in the first half of 2023[74]. Strategic Initiatives and Expansion - HKTVmall expanded its product offerings to over 1,300,000 items as of June 2023, up from over 1,000,000 items in June 2022[12]. - The company aims to adjust the gross margin of its 1P business to 23.5%, down from 26.8% in the first half of 2022, to promote sales of less frequently purchased products online[33]. - The company is adapting its business model to align with changes in the market environment, acknowledging that it cannot change the broader social situation[22]. - The company plans to expand consumer coverage by enhancing rapid logistics services for wet market products, attracting both existing and new customers[64]. - The company plans to expand its delivery capacity by renovating an existing 30,000 square feet facility, expected to be completed in Q1 2025[130]. - A new distribution center of approximately 200,000 square feet is planned, with about 170,000 square feet dedicated to smart delivery, expected to double the capacity of the current center by 2027[130]. - The company plans to extend its service range to Australia and Canada, targeting a launch in Q3 to Q4 of 2023[90]. - The company is actively seeking new exploration projects to ensure continuous progress and push the company to new heights[45]. Market Challenges and Competition - The management noted that due to intense competition, the gross profit margin has declined, despite effective control of operational expenses, leading to a decrease in profitability[21]. - The first half of 2023 did not experience the same surge in demand for grocery and personal care products as seen in early 2022 due to the pandemic[27]. - The total merchandise transaction value for grocery and miscellaneous goods decreased by HKD 340 million due to the absence of demand spikes seen in February and March 2022, but it remains the largest contributing product category for HKTVmall[30]. - The group anticipates a moderate growth in total merchandise turnover for HKTVmall in 2023, influenced by economic challenges and increased interest rates[107]. Financial Position and Investments - The group invested HKD 375.2 million in other financial assets as of June 30, 2023, up from HKD 344.5 million as of December 31, 2022[58]. - The total cash position of the group as of June 30, 2023, was HKD 660.6 million, a decrease from HKD 705.8 million as of December 31, 2022[100]. - As of June 30, 2023, the group's bank financing amounted to HKD 1,034.1 million, with other financial assets of HKD 313.6 million and cash of HKD 185.2 million held in various banks[84]. - The company is focusing on cash management activities based on overall treasury objectives and policies, concentrating investments in liquid investment instruments and fixed income products[79]. - The company raised approximately HKD 463.5 million from the subscription of 90,000,000 new ordinary shares at HKD 5.15 per share, resulting in a net amount of approximately HKD 453.2 million[82]. Governance and Compliance - The company has maintained compliance with the listing rules of the Hong Kong Stock Exchange during the reporting period[193]. - The company did not comply with certain corporate governance code provisions due to specific reasons outlined in the report[194]. - The company has a balanced and effective board governance structure as of the reporting date[195].

Share Incentive Plan - The total number of shares available for issuance under the share incentive plan is 91,598,574, accounting for approximately 9.92% of the company's issued shares as of the reporting date[14]. - The maximum allocation for each participant under the share incentive plan is capped at 10% of the total number of shares issued as of the adoption date, which is 91,598,574 shares[22]. - The share incentive plan is valid for 10 years from the adoption date, which is from March 31, 2021, to March 30, 2031[27]. - If the allocation exceeds 1% of the total issued shares, the company must publish a circular and obtain shareholder approval at a general meeting[15]. - The plan aims to align the interests of selected participants with those of the company's shareholders to drive future development and expansion[20]. - No share rewards have been granted under the share incentive plan since its adoption date[9]. - The board may determine the vesting conditions and periods for the rewards at any time during the plan's effectiveness[24]. - The total number of options granted to participants under the plan and any other share option plans cannot exceed 1% of the total issued shares during any 12-month period[23]. - The plan does not have a purchase price for the rewards[26]. Company Developments - The company has not disclosed any new products, technologies, market expansions, or acquisitions in this announcement[25].