香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 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。 GOLDSTREAM INVESTMENT LIMITED 金涌投資有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1328） (1)建議股份合併；及 (2)建議更改每手買賣單位 建議股份合併 董事會建議實施股份合併，基準為本公司已發行及未發行股本中每五十(50)股每股面 值0.01港元的現有股份合併為一(1)股每股面值0.5港元的合併股份。 建議更改每手買賣單位 於本公告日期，現有股份以每手10,000股現有股份的買賣單位於聯交所買賣。建議待 股份合併生效後並以股份合併生效為條件，於聯交所交易的每手買賣單位由10,000股 現有股份更改為1,000股合併股份。 一般事項 本公司將召開及舉行股東特別大會，以供股東考慮及酌情批准股份合併。一份載有 （其中包括）股份合併、更改每手買賣單位的進一步詳情及股東特別大會通告的通函預 期將於二零二五年四月七日（星期一）或之前寄發予股東。 除就股份合併將招致的 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 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。 GOLDSTREAM INVESTMENT LIMITED 金涌投資有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1328） 須予披露交易 認購邁富時股份 認購邁富時股份 於二零二五年二月二十一日，本公司全資附屬公司Redwood通過配售代理，同意以總 代價約46,800,000港元（不包括交易成本）認購780,000股邁富時股份，相當於每股邁富 時股份60.00港元。認購事項的完成預期於二零二五年二月二十八日或之前落實。 於配售協議日期前的12個月期間內，Redwood通過在聯交所進行的市場內交易，以總 代價約15,860,000港元（不包括交易成本）收購合共264,400股邁富時股份，相當於每股 邁富時股份約59.99港元。 緊隨認購事項完成後，本集團將持有合共1,044,400股邁富時股份，佔本公告日期邁富 時已發行股份總數約0.44%及根據配售事項配發及發行邁富時股份而擴大的邁富時已 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 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。 GOLDSTREAM INVESTMENT LIMITED 金涌投資有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1328） 自願公告 收購上市證券 收購邁富時股份 於二零二五年二月十九日，本公司全資附屬公司Redwood通過於聯交所進行市場上交 易以代價總額約15,860,000港元（不包括交易成本）收購合共264,400股邁富時股份，即 約每股邁富時股份59.99港元。 收購事項後，本集團持有合共264,400股邁富時股份，佔於本公告日期邁富時已發行 股份總數約0.11%。 收購邁富時股份 本公告乃由本公司按自願基準作出。 有關本公司的資料 本公司及其附屬公司主要從事(i)提供投資管理業務；及(ii)策略直投業務，且與弘毅投資 關係緊密。 Redwood為一家於開曼群島註冊成立的有限公司，其主營業務為策略直投。於本公告日 期，Redwood為本公司直接全資附屬公司。 有關邁富時的資料 邁富 ...

GOLDSTREAM INVESTMENT LIMITED 金涌投資有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1328） 自願公告 與邁富時之戰略合作 香港交易及結算所有限公司以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，並明確表示概不就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。 有關邁富時的資料 邁富時是全球領先的SaaS智能營銷雲平台，聚焦數字化與智能化，通過提供有競爭力的 產品與服務，覆蓋營銷雲、銷售雲、商業雲、分析雲、智能雲、組織雲六大產品矩陣， 擁有Tforce營銷領域大模型，持續為客戶創造價值。累計服務超20萬家企業，涵蓋零售 消費、汽車、金融、B2B、醫藥大健康、企服、跨境電商、製造業等行業領域。 –2– 本公告乃由金涌投資有限公司（「本公司」，連同其附屬公司統稱「本集團」）自願作出， 以通知本公司股東及潛在投資者有關本公司最近期之業務發展。 戰略合作備忘錄 董事會欣然宣佈，有鑑於（其中包括）本集團與弘毅投資集團間的深厚關係，以及與邁富 時，一家於開曼群島註冊成立之有限公司，其已發行股份於聯交所主板上市 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 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。 GOLDSTREAM INVESTMENT LIMITED 金涌投資有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1328） 完成 (1)有關FEASIBLE RESULT協議之主要及關連交易 以及 (2)有關USFL協議及TECHSTAR協議之須予披露及關連交易 茲提述金涌投資有限公司（「本公司」）日期為二零二四年六月二十八日之公告、本公司日 期為二零二四年九月三十日之通函（「該通函」）以及本公司日期為二零二四年十月二十一 日之投票表決結果公告，內容有關收購事項。除文義另有所指外，本公告所用詞彙與該 通函所界定者具有相同涵義。 董事會欣然宣佈，於本公告日期，Feasible Result完成、USFL完成及TechStar完成已發 生。 –1– 收購事項完成後，本集團持有(i)Feasible Result 30股股份，佔本公告日期Feasible Result 已發行股份總數之30%；(i ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 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。 GOLDSTREAM INVESTMENT LIMITED 金涌投資有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1328） 自願公告 與第四範式之戰略合作 本公告乃由金涌投資有限公司（「本公司」，連同其附屬公司統稱「本集團」）自願作出， 以通知本公司股東及潛在投資者有關本公司最近期之業務發展。 戰略合作備忘錄 董事會欣然宣佈，有鑑於（其中包括）本集團與弘毅投資集團間的深厚關係，以及與北京第 四範式智能技術股份有限公司，一家於中國註冊成立之股份有限公司，其已發行股份於聯 交所主板上市（股份代號：6682）（「第四範式」）之間的潛在戰略協同效應，本公司與第四 範式於二零二四年十一月十二日訂立了一份不具約束力的戰略合作框架備忘錄（「戰略合作 備忘錄」）。 –1– 根據戰略合作備忘錄，本公司及第四範式（及╱或其各自的關聯方）將探索可行的合作， 包括戰略發展及資本市場舉措；當中建議本公司（及╱或其關聯 ...

金涌投資有限公司 | 於酮曼群島註冊成立之有限公司] I 颜份代號：1328 I | --- | --- | --- | --- | --- | |---------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | tay | | Jun | | | | | | | | | | | | | | | | | | | | | | | | | | | | 2024 | | | | | | 中期業績報告 | | | | | | Good Investment Made Easy | | | | | 目錄 | --- | --- | |-------|--------------------------| | | | | | | | 2 | 摘要 | | 3 | 管理層討論及分析 | | 10 | 其他資料 | | 18 | 簡明合併中期利潤表 | | 19 | 簡明合併中期綜合收益表 | | 20 | 簡明合併中期財務狀況表 | | 21 | ...

Financial Performance - For the six months ended June 30, 2024, the net fair value gain on financial assets and liabilities measured at fair value through profit or loss was approximately HKD 31,931,000, compared to HKD 16,970,000 for the same period in 2023, representing an increase of about 88%[1] - Total investment management service income for the six months ended June 30, 2024, was approximately HKD 11,242,000, an increase of approximately HKD 2,874,000 from HKD 8,368,000 for the same period in 2023, reflecting a growth of about 34%[1] - Profit attributable to equity holders for the six months ended June 30, 2024, was approximately HKD 47,695,000, up from HKD 36,421,000 in the same period of 2023, marking an increase of approximately 31%[2] - The total expenses for the six months ended June 30, 2024, were HKD 16,571,000, compared to HKD 12,909,000 for the same period in 2023, indicating an increase of approximately 28%[2] - Basic and diluted earnings per share for the six months ended June 30, 2024, were both HKD 0.40, compared to HKD 0.32 for the same period in 2023, representing a growth of 25%[2] - The company reported a total comprehensive income attributable to equity holders of HKD 47,657,000 for the six months ended June 30, 2024, compared to HKD 36,295,000 for the same period in 2023, indicating an increase of approximately 31%[4] - The company reported a net profit of HKD 1,878 million for the six months ended June 30, 2024, compared to a loss of HKD 290 million in the same period last year[60] - Profit before tax for the first half of 2024 was approximately HKD 49,667,000, up from HKD 36,485,000 in the same period last year, reflecting a 36.1% increase[83] Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 919,263,000, an increase from HKD 833,909,000 as of December 31, 2023, reflecting a growth of approximately 10%[5] - The equity attributable to equity holders increased to HKD 726,157,000 as of June 30, 2024, compared to HKD 661,782,000 as of December 31, 2023, representing an increase of about 10%[5] - Total liabilities decreased to HKD 21,548 million as of June 30, 2024, down from HKD 29,922 million as of December 31, 2023[63] - The total non-current assets as of June 30, 2024, were HKD 267,189,000, an increase from HKD 255,627,000 as of December 31, 2023, reflecting a growth of 4.5%[30] - The company's cash and cash equivalents as of June 30, 2024, were HKD 120,303,000, compared to HKD 114,585,000 as of December 31, 2023, indicating a slight increase of about 5%[5] - The net amount of trade receivables as of June 30, 2024, was HKD 11,404,000, down from HKD 12,927,000 as of December 31, 2023, indicating a decrease of 11.8%[50] - The company's other financial assets, specifically receivables from brokers, decreased to HKD 27,532,000 from HKD 65,270,000, reflecting a decline of 57.8%[50] Revenue and Income Sources - As of June 30, 2024, the total revenue was HKD 1,735,566,000, showing an increase from HKD 1,718,929,000 as of June 30, 2023[7] - IM business revenue for the six months ended June 30, 2024, was HKD 11,242,000, an increase from HKD 8,369,000 for the same period in 2023, representing a growth of 34.5%[24] - Total segment revenue for the six months ended June 30, 2024, was HKD 46,161,000, compared to HKD 26,290,000 for the same period in 2023, reflecting a significant increase of 75.8%[27] - The company generated service revenue of HKD 4,518 million from related parties in the first half of 2024, compared to HKD 2,075 million in the same period of 2023, reflecting a significant increase of 118.8%[66] - Investment dividend income surged by 262.7% to HKD 1,110,000 from HKD 306,000 year-on-year[76] Expenses and Costs - The company’s financial costs for the six months ended June 30, 2024, were HKD 227,000, compared to HKD 173,000 for the same period in 2023, reflecting an increase of about 31%[2] - Employee benefits expenses totaled HKD 7,959,000 for the six months ended June 30, 2024, compared to HKD 6,437,000 for the same period in 2023, indicating an increase of 23.7%[34] - Total operating expenses increased by 28.4% to approximately HKD 16,571,000 from HKD 12,909,000 in the previous year[81] Governance and Compliance - The company has established an audit committee to oversee financial reporting and internal control processes, ensuring compliance with high governance standards[113] - The company confirmed compliance with all corporate governance code provisions as of June 30, 2024[111] - The management team consists of two executive directors and three independent non-executive directors, ensuring a balanced governance structure[115] Strategic Initiatives and Future Outlook - The company’s management believes that the business will continue to expand and create greater value for investors, focusing on investment management and strategic direct investment[74] - The company plans to continue increasing fundraising and marketing efforts while seeking additional investment opportunities in the SDI business to enhance shareholder returns[89] - The company remains optimistic about capitalizing on opportunities arising from the recovery of the Chinese economy in the second half of 2024[90] - The company aims to improve risk management capabilities and operational efficiency to ensure sustainable growth and profitability[90] Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2024, consistent with the previous year[39] - The company issued 1,336,303 shares during the period, increasing the total issued shares to 12,831,797, with a corresponding increase in share premium to HKD 1,735,566 million from HKD 1,718,929 million[61][62] - As of June 30, 2024, the company's shareholders' equity was approximately HKD 854,475,000 with a total issued share capital of 12,831,797,215 shares[92] Risk Management - The liquidity risk management policy involves regular monitoring of cash flow needs to ensure sufficient cash reserves for short-term and long-term obligations[15] - The company has no significant capital commitments as of June 30, 2024, indicating a stable financial position[64] - The group has no outstanding asset mortgages or contingent liabilities as of June 30, 2024[95][96]

Financial Performance - The company achieved a net profit of approximately HKD 46 million for the year ended December 31, 2023, reversing losses from the previous year[12]. - The company’s financial performance was primarily driven by its IM and SDI businesses for the year ended December 31, 2023[14]. - IM services revenue decreased by 37% to approximately HKD 22,309,000 compared to HKD 35,272,000 in the previous year[18]. - Investment dividend income fell by 87% to HKD 517,000 from HKD 4,097,000 year-on-year[18]. - The net fair value gain/loss on financial assets and liabilities was HKD 21,500,000, a turnaround from a loss of HKD 58,367,000 in the previous year, representing a 137% improvement[18]. - Other income surged by 346% to approximately HKD 47,288,000 from HKD 10,611,000, primarily due to increased interest income[20]. - Total operating expenses decreased by 17% to HKD 43,928,000 from HKD 53,214,000[21]. - The profit before tax from continuing operations was approximately HKD 47,178,000, a significant recovery from a loss of HKD 81,661,000 in the previous year[23]. - The group achieved a strong performance in 2023, with confidence in attracting more clients for its IM business and increasing financing efforts[38]. - As of December 31, 2023, the group's total equity was approximately HKD 776,737,000, an increase from HKD 729,282,000 in 2022[41]. - The group's cash and cash equivalents increased by approximately HKD 67,942,000, totaling HKD 114,585,000 as of December 31, 2023[43]. - The current ratio and quick ratio stood at 10.16 as of December 31, 2023, compared to 5.93 in 2022[43]. Investment Management and Strategy - The company focused on developing its Investment Management (IM) and Strategic Direct Investment (SDI) businesses, resulting in significant progress in adjusting investment strategies[9]. - The company anticipates a volatile and challenging market environment, adjusting risk-return profiles and diversifying investments accordingly[12]. - The company continues to seek investment opportunities in the SDI business while focusing on sustainable growth of its client portfolio[26]. - The performance of the investment management business is heavily reliant on assets under management (AUM), management fees, and performance fees, which are affected by market conditions and investment strategies[68]. - Recent trends show an increase in demand for alternative investment strategies in Asia, although there has been significant investment outflow impacting AUM growth[68]. - The company is committed to a cautious and selective investment approach to balance risk and return amid uncertain market conditions[35]. Market Conditions - The Hang Seng Index fell by 13.82% in 2023, marking the third consecutive year of decline, while the S&P 500 Index in the US rose by nearly 25%[12]. - The average daily trading volume in the Hong Kong stock market was HKD 105 billion, a decrease of 16% compared to 2022[12]. - The NASDAQ Composite Index increased by 43.42% in 2023, driven by strong gains in AI-related technology stocks[34]. - The Hang Seng Index declined by 13.82% by the end of 2023, following a brief rebound after the lifting of COVID-19 restrictions[34]. - The company faces various risks including general economic conditions, investment strategy availability, and market disruptions that could adversely affect investment performance[70][72][74]. - Regulatory changes in the alternative investment management industry may negatively impact the value of investments held by funds and their ability to achieve investment objectives[76]. Cost Management and Employee Expenses - The company continues to implement strict cost control measures to enhance profitability[23]. - Employee benefits expenses increased to approximately HKD 27,298,000 from HKD 22,389,000, reflecting a rise in discretionary bonuses[21]. - Total employee compensation for ongoing business in 2023 was approximately HKD 27,298,000, compared to HKD 22,389,000 in 2022[58]. - The group has maintained a stable employee count of 22 as of December 31, 2023, down from 30 in 2022[57]. Shareholder and Equity Information - As of December 31, 2023, the company had distributable reserves of approximately HKD 1,718,929,000, unchanged from the previous year[97]. - The company does not recommend the distribution of a final dividend for the year ending December 31, 2023[92]. - The company aims to enhance shareholder returns by increasing fundraising and marketing efforts while exploring additional investment opportunities in the SDI business[102]. - The goodwill and intangible assets from the acquisition of the company in 2018 accounted for a significant portion of the total assets, with goodwill valued at approximately HKD 197,965,000[99]. - As of December 31, 2023, Zhao Linghuan holds a total of 7,802,539,321 shares, representing approximately 67.87% of the company's equity[125]. - Hony Gold Holdings, L.P. and its related entities collectively own 7,802,539,321 shares, also accounting for approximately 67.87% of the company's equity[127]. - Glory Moment Investments Ltd. holds 840,000,000 shares, which is about 7.31% of the company's equity[127]. Corporate Governance - The financial statements were audited by PwC, and the auditors are eligible and willing to be reappointed[150]. - The audit committee reviewed the full-year results for the year ending December 31, 2023[151]. - The board consists of six members, ensuring a balance of skills, experience, and perspectives[160][164]. - The company has adopted a code of conduct that meets or exceeds the standards set forth in the guidelines[159]. - The board is responsible for the company's business strategy, mid-term and annual performance, and risk management[167]. - The board held four meetings during the review year, with attendance records showing that all independent non-executive directors attended all meetings[177]. - The company has established three board committees, including the audit committee, to assist the board in fulfilling its responsibilities[183]. - Independent non-executive directors confirmed their independence in accordance with listing rules, ensuring compliance with governance standards[172]. Future Outlook - The company plans to continue its long-term growth strategy while seizing short-term opportunities in 2024[5]. - The group is optimistic about leveraging opportunities from the recovery of the Chinese economy in 2024[38]. - The company plans to continue sustainable growth in its customer portfolio while seeking new institutional clients[102].

Financial Performance - The group reported a revenue of 44,036 thousand HKD for the year ending December 31, 2023, compared to a loss of 37,278 thousand HKD in 2022, indicating a significant recovery[12]. - The profit before tax for the continuing operations was 47,178 thousand HKD in 2023, a substantial improvement from a loss of 81,661 thousand HKD in the previous year[12]. - The basic earnings per share for continuing operations increased to 0.40 HKD in 2023 from a loss of 0.71 HKD in 2022, reflecting a positive turnaround[16]. - The group reported a profit before tax from continuing operations of HKD 47.178 million in 2023, compared to a loss of HKD 81.661 million in 2022, marking a 158% increase[54]. - For the year ended December 31, 2023, the company recorded a net profit of approximately HKD 46.39 million, a significant recovery from a net loss of HKD 33.40 million in 2022[80]. - The company reported a profit from continuing operations of HKD 46,393,000, a turnaround from a loss of HKD 81,039,000 in 2022[97]. Revenue and Growth Expectations - The estimated service revenue growth rate for 2023 to 2024 is projected at 97.2%, indicating strong future performance expectations[19]. - The group anticipates a service revenue growth rate of 129.7% for the period from 2023 to 2024, suggesting aggressive market expansion plans[19]. - The company expects revenue to stabilize and grow as it reaches high watermarks in its managed funds[58]. - The group faced a decrease in service fee income due to net outflows in AUM, but continues to implement cost management measures to stabilize IM business revenue, which is expected to grow steadily as losses from 2022 are recovered[195]. Asset and Liability Management - The total assets of the group increased to 833,909 thousand HKD in 2023 from 769,105 thousand HKD in 2022, showing growth in the asset base[12]. - Cash and cash equivalents rose significantly to 114,585 thousand HKD in 2023 from 46,643 thousand HKD in 2022, enhancing liquidity[12]. - The total liabilities increased to HKD 57.17 million in 2023 from HKD 39.82 million in 2022, while total equity rose to HKD 833.91 million from HKD 769.10 million[86]. - The group’s total assets rose to HK$833.909 million in 2023 from HK$769.105 million in 2022[43]. - The total assets of the group as of December 31, 2023, were HKD 255,627 million, down from HKD 302,081 million in the previous year, reflecting a decrease of approximately 15.4%[142]. Cost Management and Expenses - Total operating expenses decreased by approximately 17% to HK$43.928 million in 2023 from HK$53.214 million in 2022[41]. - The company’s total expenses decreased to HKD 43,928,000 from HKD 53,214,000 in 2022, indicating improved cost management[96]. - Other expenses decreased by approximately HKD 9,171,000 to about HKD 7,286,000 for the year ended December 31, 2023, down from HKD 16,457,000 in 2022, due to reductions in foreign exchange differences, fund operating expenses, and audit fees[194]. Investment and Financial Assets - The net gain/loss from financial assets and liabilities at fair value through profit or loss was $21.5 million in 2023, compared to a loss of $58.367 million in 2022, representing a 137% improvement[54]. - The fair value of financial assets at fair value through profit or loss increased to HK$118.203 million in 2023 from HK$59.537 million in 2022[43]. - The fair value gain on financial assets and liabilities recognized in profit or loss was approximately HKD 21.50 million for the year ended December 31, 2023, compared to a fair value loss of approximately HKD 58.37 million in 2022[80]. - The company generated interest income from loans amounting to HKD 38,802,000, compared to HKD 3,510,000 in 2022, reflecting a substantial growth[93]. Market Conditions and Challenges - The economic environment in 2023 has been challenging for the group's IM and SDI businesses due to rising interest rates, inflation, geopolitical tensions, and market volatility[197]. - The Hang Seng Index experienced a decline of 13.82% by the end of 2023, following a brief rebound earlier in the year, reflecting weakened investor confidence in the Chinese market amid geopolitical tensions and intense competition[198]. - Despite market conditions, the funds managed by the group performed strongly, recovering some of last year's losses and outperforming comparable benchmarks and stock indices[199]. Dividends and Shareholder Equity - The company did not recommend the payment of a final dividend for the year ended December 31, 2023[80]. - The company does not recommend the payment of any final dividend for the year ended December 31, 2023, consistent with the previous year where no dividend was declared[145]. - The weighted average number of ordinary shares outstanding increased slightly to 11,495,494 thousand shares in 2023 from 11,433,997 thousand shares in 2022, reflecting stable shareholder equity[16].