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的內容概不負責， 對其準確性或完整性亦不發表聲明，並表明概不就因本公佈全部或任何部分內容 所導致或因倚賴該等內容而產生的任何損失承擔任何責任。 MIKO INTERNATIONAL HOLDINGS LIMITED 米格國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1247） 股東週年大會通告 茲通告米格國際控股有限公司（「本公司」）謹訂於2025年6月26日（星期四）上午 十一時正於中國福建省泉州市經濟技術開發區崇榮街168號紅孩兒辦公大樓三樓 舉行股東週年大會（「大會」），以考慮並酌情處理下列事項： 普通事項 以及作為其他普通事項，考慮並酌情通過下列決議案為普通決議案（不論有否作 出修訂）： 1 1. 省覽及考慮本公司截至2024年12月31日止年度的經審核綜合財務報表連同本 公司董事（「董事」）報告及本公司核數師（「核數師」）報告； 2. 重選丁培源先生為執行董事； 3. 重選余建軍先生為執行董事； 4. 重選陳軍先生為獨立非執行董事； 5. 授權本公司董事會（「董事會」）釐定董事酬金； 6. 續聘國衛會計師事務所有限公司為核數師 ...

MIKO INTERNATIONAL HOLDINGS LIMITED 米格國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1247） 建議 (1) 授予股份購回授權及發行授權； (2) 重選退任董事； 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，應諮詢 閣下的股票經紀或其他 持牌證券交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下的米格國際控股有限公司所有股份出售或轉讓，應立即將本通函連同隨 附的代表委任表格一併交予買家或承讓人，或經手買賣或轉讓的銀行、股票經紀、持牌 證券交易商或其他代理人，以便轉交買家或承讓人。 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，概不會就因本通函全部或任何部分內 容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 及 (3) 股東週年大會通告 米格國際控股有限公司（「本公司」）謹訂於2025年6月26日（星期四）上午十一時正於中國福 建省泉州市經濟技術開發區崇榮街168號紅孩兒辦公大樓三樓舉行股東週年大會（「股東週 年大會」），召開大會通告 ...

Financial Performance - For the fiscal year 2024, the company's revenue increased by approximately 158.4% to RMB 389.1 million, compared to RMB 150.6 million in fiscal year 2023[9][16]. - The company's net loss before tax for fiscal year 2024 was approximately RMB 27.9 million, up from RMB 12.7 million in fiscal year 2023[9]. - The wholesale business of children's clothing and related products accounted for approximately RMB 260.3 million or 66.9% of total revenue in fiscal year 2024[16]. - The commodity trading segment contributed approximately RMB 128.8 million or 33.1% to total revenue in fiscal year 2024[17]. - Cost of sales increased by approximately 195.8% to RMB 370.0 million in fiscal year 2024, compared to RMB 125.1 million in fiscal year 2023[18]. - Gross profit decreased by approximately 25.1% to RMB 19.1 million in fiscal year 2024, with a gross margin of 4.9%, down from 17.0% in fiscal year 2023[19]. - Selling and distribution expenses rose by approximately 38.8% to RMB 25.4 million in fiscal year 2024, representing 6.5% of revenue compared to 12.1% in fiscal year 2023[23]. - The income tax expense for fiscal year 2024 was approximately RMB 0.5 million, compared to RMB 0.05 million in fiscal year 2023[26]. - The pre-tax loss for fiscal year 2024 was approximately RMB 27.9 million, compared to approximately RMB 12.7 million in fiscal year 2023[27]. Cash Flow and Assets - As of December 31, 2024, cash and cash equivalents totaled approximately RMB 39.7 million, unchanged from RMB 39.7 million on December 31, 2023, representing 24.9% of total current assets[28]. - Inventory decreased from approximately RMB 31.1 million on December 31, 2023, to approximately RMB 17.5 million on December 31, 2024, with an inventory turnover period of 24 days in fiscal year 2024 compared to 79 days in fiscal year 2023[29]. - Trade receivables decreased from approximately RMB 93.9 million on December 31, 2023, to approximately RMB 88.5 million on December 31, 2024, with a trade receivable turnover period of 86 days in fiscal year 2024 compared to 217 days in fiscal year 2023[30][31]. - Trade payables decreased from approximately RMB 33.0 million on December 31, 2023, to approximately RMB 2.7 million on December 31, 2024, with a trade payable turnover period of 18 days in fiscal year 2024 compared to 54 days in fiscal year 2023[32]. Employee and Labor Practices - The total employee cost for the fiscal year 2024 is approximately RMB 27.1 million, an increase from RMB 26.5 million in fiscal year 2023[46]. - The company employs around 300 full-time employees as of December 31, 2024[46]. - During the 2024 reporting period, 9 employees voluntarily left the company for career development reasons[125]. - The employee turnover rate for males was 2.56% and for females was 3.27%[127]. - All employee benefits and wages were settled on time, with no labor disputes recorded in the past year[118]. - The company continues to strictly comply with the Labor Law of the People's Republic of China and the Employment Ordinance of Hong Kong, ensuring competitive salaries and benefits for all employees[132]. - During the 2024 reporting period, the company reported no work-related fatalities or injuries, maintaining a zero-incident record for the past three years[137]. - The company invests in employee training and development, providing systematic training programs for new production staff lasting one to three months[138]. - The company adheres to the principle of equal pay for equal work, regularly reviewing its compensation policies to ensure competitiveness in the market[141]. - The company has established a policy to prohibit child labor and forced labor, with strict measures in place to enforce this policy[143]. Environmental, Social, and Governance (ESG) Initiatives - The group continues to focus on sustainable development and compliance with environmental, social, and governance (ESG) principles[48]. - The board of directors regularly reviews and updates the company's ESG strategies and policies to align with stakeholder expectations[52]. - The company is committed to providing a healthy and safe working environment for its employees while contributing to local community sustainability[52]. - The group has initiated supply chain management operations, including commodity trading in China[48]. - The company emphasizes the importance of employee well-being through programs that support mental and physical health[49]. - The board believes that a strong focus on ESG management enhances corporate image and reduces associated risks[51]. - The ESG report is prepared in accordance with the Hong Kong Stock Exchange's guidelines, ensuring transparency and accountability[47]. - The group has established a management structure to rigorously manage and monitor environmental, social, and governance (ESG) aspects[59]. - The group engages with stakeholders through various communication channels, including shareholder meetings and direct email inquiries[57]. - The group aims to minimize negative environmental impacts through its "Green Environmental Policy and Measures" by avoiding pollution and promoting resource conservation[62]. Climate Change and Risk Management - The company recognizes the impact of climate change and aims to collaborate with stakeholders to explore sustainable production techniques[93]. - The company has identified extreme weather events as acute physical risks that could lead to economic losses and increased operational costs[96]. - The company is committed to understanding the financial impacts of climate-related risks and integrating them into financial planning[95]. - The board of directors directly manages climate-related risks and opportunities, with the CEO responsible for ensuring effective implementation of strategies and policies across the organization[97]. - The company has identified extreme weather as a chronic risk, with potential consequences including increased employee heatstroke, turnover rates, and operational costs due to rising electricity demand[100]. - The company has implemented various measures to mitigate the negative impacts of extreme weather, including securing equipment and providing 24-hour access to cold water during high temperatures[102]. - The company recognizes climate change as a strategic business risk and has integrated climate-related risks and opportunities into its overall business strategy[109]. - The company is committed to monitoring key indicators, particularly greenhouse gas emissions, to manage and assess climate-related risks and opportunities throughout the 2024 reporting period[110]. - The company anticipates that long-term regulatory frameworks and carbon trading will create opportunities for utilizing sustainable financial tools to address climate change[105]. - The company has updated its assessment methods for climate risks and opportunities based on the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD)[106]. Corporate Governance - The board consists of four executive directors and three independent non-executive directors, maintaining a balance of power and authority[160]. - The company has adopted the corporate governance code and has complied with it during the 2024 fiscal year, with one exception regarding the roles of the chairman and CEO being held by the same individual[160]. - The board has established three committees: audit committee, remuneration committee, and nomination committee to oversee different aspects of the company's affairs[163]. - The company provides appropriate insurance arrangements for its directors and executives against potential legal actions[168]. - The company is committed to maintaining high levels of corporate governance and ensuring shareholder interests are protected[160]. - The board meets quarterly and as needed to discuss overall strategy, operational performance, and approve interim and annual results[182]. - The company has established a clear written terms of reference for each board committee, outlining their responsibilities and powers[171]. - The board has fulfilled its corporate governance functions, including reviewing compliance with legal and regulatory requirements[180]. - The company has appointed Mr. Peng Yongkang as the company secretary since October 19, 2015, who also serves as the secretary for the audit, nomination, and remuneration committees[189]. Shareholder Engagement - Shareholders are encouraged to participate in company affairs through annual general meetings, where they can communicate directly with the board[194]. - The company actively engages with investors, analysts, and media through roadshows, presentations, and individual meetings[200]. - The company has reviewed its shareholder communication policy and considers it sufficient and effective for the current year[200]. - Shareholders can request a special general meeting if they hold at least 10% of the paid-up capital and must submit their request in writing[196]. - The special general meeting must be held within two months of the request, and if the board fails to convene it within 21 days, the requesting party can call the meeting themselves[196]. - Voting at the annual general meeting is conducted on a poll basis to ensure each share has one vote[198]. - Voting results are published on the company's website on the day of the annual general meeting[198].

MIKO INTERNATIONAL HOLDINGS LIMITED 米 格 國 際 控 股 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock code 股份代號 : 1247) N O T I F I C A T I O N L E T T E R 通 知 信 函 Dear Non-registered holders(Note 1) , Miko International Holdings Limited (the "Company") – Notice of Publication of Annual Report 2024, Circular and Notice for the Annual General Meeting (the "Current Corporate Communications") The Current Corporate Communications of the Company have been published in Englis ...

Miko International Holdings Limited (the "Company") – Notice of Publication of Annual Report 2024, Circular, Notice and Proxy Form for the Annual General Meeting (the "Current Corporate Communications") The Current Corporate Communications of the Company have been published in English and Chinese languages and are available on the website of The Stock Exchange of Hong Kong Limited ("HKEX") at www.hkexnews.hk and the Company's website at www.redkids.com. If you are a new registered shareholder (i.e. if you p ...

Financial Performance - For the fiscal year ending December 31, 2024, the company reported total revenue of RMB 389,137,000, a significant increase of 158.5% compared to RMB 150,614,000 in the previous fiscal year[3] - The gross profit for the fiscal year 2024 was RMB 19,120,000, down 25.2% from RMB 25,534,000 in 2023, indicating challenges in maintaining profitability despite revenue growth[3] - The company incurred a net loss attributable to shareholders of RMB 28,417,000 for 2024, compared to a loss of RMB 12,716,000 in 2023, reflecting a deterioration in financial performance[3] - Basic and diluted loss per share increased to RMB 16.23 in 2024 from RMB 8.45 in 2023, highlighting the impact of increased losses on shareholder value[3] - The group reported a pre-tax loss of RMB 27,876,000 for 2024, compared to a loss of RMB 12,671,000 in 2023, reflecting a deterioration in performance[25] - The net loss before tax for 2024 was approximately RMB 27.9 million, compared to a net loss of RMB 12.7 million in 2023[35] - Gross profit decreased to approximately RMB 19.1 million in 2024, down 25.1% from RMB 25.5 million in 2023, with a gross margin of 4.9%[41] Revenue Breakdown - Revenue from the wholesale business was RMB 260,336,000 in 2024, up from RMB 150,614,000 in 2023, indicating a growth of 73%[23] - The supply chain management business generated RMB 128,801,000 in revenue for 2024, with no revenue reported in 2023[16] - The wholesale business of children's clothing and related products accounted for approximately RMB 260.3 million, representing 66.9% of total revenue in 2024[38] - The commodity trading segment contributed approximately RMB 128.8 million, making up 33.1% of total revenue in 2024[39] Assets and Liabilities - Total assets decreased to RMB 159,248,000 in 2024 from RMB 173,963,000 in 2023, indicating a decline in the company's asset base[4] - Total assets decreased to RMB 206,058,000 in 2024 from RMB 218,553,000 in 2023, a decline of approximately 5.7%[19] - Current liabilities slightly decreased to RMB 72,191,000 in 2024 from RMB 73,417,000 in 2023, showing a marginal improvement in the company's short-term financial obligations[5] - The group’s total liabilities slightly decreased to RMB 73,582,000 in 2024 from RMB 74,717,000 in 2023, showing a reduction of about 1.5%[19] - The company's equity decreased to RMB 132,476,000 in 2024 from RMB 143,836,000 in 2023, reflecting a reduction in net worth[5] Operational Expenses - Selling and distribution expenses increased by approximately 38.8% to RMB 25.4 million in 2024, accounting for 6.5% of revenue[44] - Administrative and other operating expenses rose by approximately 37.4% to RMB 21.4 million in 2024, representing 5.5% of revenue[45] - The group recognized a total of RMB 2,577,000 in inventory write-downs for 2024, compared to RMB 3,177,000 in 2023, indicating a reduction of 18.7%[20] - The group’s employee costs increased to RMB 27,071,000 in 2024 from RMB 26,485,000 in 2023, reflecting a rise of 2.2%[25] Cash Flow and Capital Expenditures - The net cash flow from operating activities for fiscal year 2024 was approximately RMB (35.6) million, compared to RMB (2.9) million in fiscal year 2023[55] - Capital expenditures for 2024 amounted to RMB 11,853,000, significantly higher than RMB 5,825,000 in 2023, marking an increase of 103.5%[20] Governance and Compliance - The board of directors consists of four executive directors and three independent non-executive directors for the fiscal year 2024[68] - The company did not provide monthly updates to the board members as required by the governance code, but did provide information as appropriate[69] - The audit committee has reviewed the audited consolidated financial statements for the fiscal year 2024[71] - The external auditor confirmed that the financial figures in the preliminary announcement are consistent with the audited financial statements[72] - The company has adopted the standard code for securities transactions by directors and confirmed compliance for the fiscal year 2024[70] Shareholder Relations - The board does not recommend a final dividend for the fiscal year ending December 31, 2024[73] - The company expresses gratitude to shareholders, customers, suppliers, management team, and employees for their ongoing support[75] - The annual performance announcement is available on the company's website and the Hong Kong Stock Exchange website[74] Leadership - The chairman of the board is Ding Peiji, who also serves as the CEO[76] - The company believes that the current arrangement of leadership does not weaken the balance of power and authority within the board[68]

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的內容概不負責， 對其準確性或完整性亦不發表聲明，並表明概不就因本公佈全部或任何部分內容 所導致或因倚賴該等內容而產生的任何損失承擔任何責任。 MIKO INTERNATIONAL HOLDINGS LIMITED 米格國際控股有限公司 香港 2025年3月10日 於本公佈日期，本公司執行董事為丁培基先生、丁培源先生、劉敏女士及余建軍 先生；及本公司獨立非執行董事為吳成堅先生、陳軍先生及郭崢先生。 董事會會議通告 米格國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈，董事會會議 將於2025年3月28日（星期五）舉行，藉以批准（其中包括）本集團（包括本公司及其 附屬公司）截至2024年12月31日止年度的終期業績、將於香港聯合交易所有限公司 及本公司的網站刊登的本集團終期業績公佈，以及考慮建議宣派末期股息（如有）。 承董事會命 米格國際控股有限公司 主席 丁培基 （於開曼群島註冊成立的有限公司） （股份代號：1247） ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 米格國際控股有限公司 呈交日期： 2025年1月10日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 普通股 | 股份類別 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) 01247 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | 佔有關事件前的現有已發 行股份（不包括庫存股 ...

Financial Performance - For the first half of 2024, the company's revenue was approximately RMB 1.039 billion, a 75.4% increase compared to RMB 592 million in the first half of 2023[8] - The sales volume of clothing products in the first half of 2024 was about 1.9 million pieces, up from approximately 1.2 million pieces in the same period of 2023[9] - Gross profit increased from approximately RMB 88 million in the first half of 2023 to about RMB 124 million in the first half of 2024, with a gross margin of 11.9%, down from 14.9% in the previous year[11] - The company reported a loss of RMB 1,054 thousand for the six months ended June 30, 2024, compared to a loss of RMB 1,382 thousand for the same period in 2023, showing an improvement of 23.7%[58] - The net loss for the period after tax was approximately RMB 1.1 million, an improvement from a loss of approximately RMB 1.4 million in the first half of 2023[19] - The total comprehensive loss for the six months ended June 30, 2024, was RMB 2,812 thousand, compared to a loss of RMB 1,209 thousand for the same period in 2023, representing an increase in loss of 132.9%[58] Income and Expenses - Other income for the first half of 2024 included interest and rental income of approximately RMB 19 million, compared to RMB 10 million in the first half of 2023[12] - The cost of sales rose from approximately RMB 504 million in the first half of 2023 to about RMB 915 million in the first half of 2024, reflecting changes in the sales mix[10] - Sales and distribution expenses for the first half of 2024 were approximately RMB 8.6 million, an increase of about RMB 1.6 million (or approximately 22.9%) compared to RMB 7.0 million in the first half of 2023[14] - Administrative and other operating expenses rose to approximately RMB 6.6 million in the first half of 2024, up by about RMB 0.9 million (or approximately 15.8%) from RMB 5.7 million in the first half of 2023[15] - The financing cost decreased to approximately RMB 0.3 million in the first half of 2024, down from approximately RMB 1.7 million in the first half of 2023, a reduction of about RMB 1.4 million[17] Cash Flow and Assets - The cash and cash equivalents increased by approximately RMB 86.3 million in the first half of 2024, compared to an increase of approximately RMB 64.1 million in the first half of 2023[22] - The company’s cash and cash equivalents increased to RMB 124,385,000 as of June 30, 2024, compared to RMB 39,721,000 at the end of 2023, showing a significant rise of about 213.5%[56] - The net cash generated from operating activities for the six months ended June 30, 2024, was RMB 67,806 thousand, compared to RMB 16,747 thousand for the same period in 2023, indicating a significant increase of 304.5%[60] - Total assets as of June 30, 2024, amounted to RMB 276,165,000, up from RMB 173,963,000 as of December 31, 2023, reflecting a growth of approximately 58.9%[56] - The total liabilities as of June 30, 2024, were RMB 396,013 thousand, an increase from RMB 382,243 thousand as of January 1, 2023, indicating a rise of 3.6%[58] Share Capital and Dividends - The company completed a placement of 28,338,000 shares on May 28, 2024, raising net proceeds of approximately HKD 19.3 million[24] - No interim dividend was declared for the first half of 2024, consistent with the first half of 2023[36] - The issued share capital increased to 186,514,000 shares as of June 30, 2024, from 158,176,000 shares as of December 31, 2023, reflecting an increase of approximately 17.8%[82] - The planned use of the net proceeds includes RMB 5.0 million (25.9%) for establishing a supply chain technology platform and RMB 14.3 million (74.1%) for general working capital[25] Corporate Governance and Management - The board of directors consists of four executive directors and three independent non-executive directors, and the company has complied with the corporate governance code except for a deviation regarding the roles of the chairman and CEO[32] - The audit committee reviewed the unaudited interim results for the six months ended June 30, 2024, and confirmed compliance with applicable accounting standards and listing rules[35] - The company expressed gratitude to the management team and employees for their contributions and dedication during the reporting period[52] Market Outlook and Strategy - The company remains optimistic about long-term business prospects despite challenges such as high inflation and weak consumer demand[8] - The company continues to explore sustainable growth investment opportunities for the future[8] - The company has established a wholly-owned subsidiary to support supply chain management in mainland China, which is expected to enhance revenue sources and profitability in the coming years[8] Customer and Revenue Sources - Major customer A contributed RMB 12,719,000 to the group's revenue for the six months ended June 30, 2024, an increase from RMB 8,195,000 in the same period of 2023, reflecting a growth of 55.5%[69] - The group’s revenue is primarily derived from external customers in mainland China, with no significant revenue from other regions reported[67] Other Financial Information - The group recognized other income of RMB 1,896,000 for the six months ended June 30, 2024, compared to RMB 1,080,000 for the same period in 2023, indicating an increase of 75.5%[71] - The group has not recognized any impairment losses for property, plant, and equipment during the six months ended June 30, 2024[76] - The group has bank loans of RMB 17,000,000 as of June 30, 2024, unchanged from December 31, 2023, with a fixed interest rate of 3.70%[79][80]

Financial Performance - For the six months ended June 30, 2024, the company reported revenue of RMB 103,903,000, an increase of 13.7% compared to RMB 91,492,000 for the same period in 2023[2] - Gross profit for the same period was RMB 12,411,000, representing a gross margin of 11.9%, up from RMB 8,836,000 in 2023[2] - The company incurred a net loss attributable to shareholders of RMB 1,054,000, an improvement from a loss of RMB 1,382,000 in the prior year[2] - The company's revenue for the six months ended June 30, 2024, was RMB 103,903,000, a significant increase of 75.5% compared to RMB 59,226,000 for the same period in 2023[12] - Major customer A contributed RMB 12,719,000 to the revenue for the six months ended June 30, 2024, compared to RMB 8,195,000 in the same period of 2023, reflecting a growth of 55.5%[14] - The company recorded a net loss of approximately RMB 11 million for the period, an improvement from a loss of approximately RMB 14 million in the first half of 2023[38] Assets and Liabilities - Total assets as of June 30, 2024, amounted to RMB 276,165,000, compared to RMB 173,963,000 as of December 31, 2023, reflecting a significant increase[4] - Current liabilities increased to RMB 153,858,000 from RMB 73,417,000, primarily due to higher trade and other payables[4] - Trade receivables as of June 30, 2024, amounted to RMB 62,326,000, a decrease from RMB 93,866,000 as of December 31, 2023[21] - Trade payables as of June 30, 2024, were RMB 55,706,000, an increase from RMB 32,992,000 as of December 31, 2023[22] - The current ratio as of June 30, 2024, was 1.8, down from 2.4 as of December 31, 2023[39] Cash Flow and Liquidity - The company's cash and cash equivalents stood at RMB 124,385,000, up from RMB 39,721,000 at the end of 2023, indicating improved liquidity[4] - The net cash generated from operating activities increased by approximately RMB 51.2 million, changing from a net cash outflow of approximately RMB 16.7 million in the first half of 2023 to a net cash inflow of approximately RMB 67.9 million in the first half of 2024[41] - The company has taken immediate actions to strengthen liquidity amid unprecedented challenges and market uncertainties[27] Income and Expenses - Other income for the period was RMB 1,896,000, an increase from RMB 1,080,000 in the previous year, indicating growth in non-operating income[2] - Employee costs, including director remuneration, totaled RMB 11,627,000 for the six months ended June 30, 2024, compared to RMB 9,899,000 for the same period in 2023, indicating an increase of 17.5%[16] - Sales and distribution expenses for the first half of 2024 were approximately RMB 86 million, an increase of about RMB 16 million (or approximately 22.9%) compared to RMB 70 million in the first half of 2023[33] - Administrative and other operating expenses for the first half of 2024 were approximately RMB 66 million, an increase of about RMB 9 million (or approximately 15.8%) compared to RMB 57 million in the first half of 2023[34] Corporate Governance and Structure - The board approved the unaudited interim results on August 28, 2024, and noted that the financial statements have not been audited by independent auditors[6] - The company has restructured its internal reporting framework, resulting in a change in the composition of its reportable segments, now operating as a single reportable segment[10] - The board of directors consists of four executive directors and three independent non-executive directors, maintaining compliance with corporate governance codes[51] - The chairman of the board is also the CEO, which deviates from the corporate governance code but is believed to ensure consistent leadership direction[51] Future Outlook - The company anticipates a complex and challenging business environment in 2024 and beyond, influenced by high inflation and weak consumer demand[27] - The company has not reported any significant changes in its business nature during the period, continuing its focus on the design, manufacture, and sale of apparel products[5] Shareholder Information - The company did not declare any interim dividends for the first half of 2024, consistent with the previous year[54] - The company confirmed it has maintained a sufficient public float of over 25% of its issued share capital as required by listing rules[55] - No purchases, sales, or redemptions of the company's listed securities were made by the company or its subsidiaries in the first half of 2024[50] Miscellaneous - The company has established a wholly-owned subsidiary to support new supply chain management business in mainland China, which is expected to enhance revenue sources and profitability[27] - The company has not made any significant investments, acquisitions, or disposals of subsidiaries during the six months ended June 30, 2024[47] - As of June 30, 2024, the company had no significant capital commitments or contingent liabilities[45] - The company has no foreign currency investments and has not faced significant difficulties or impacts due to exchange rate fluctuations[48] - The unaudited interim results were published on the company's website and the Hong Kong Stock Exchange website[56] - The company expressed gratitude to the management team, employees, shareholders, and business partners for their support[57]