Core Viewpoint - Future Machines Limited (01401) announced that there were no qualified shareholders on the record date, resulting in no unsold rights shares related to non-qualified shareholders [1] Summary by Sections Rights Issue - As of the final acceptance deadline on September 26, 2025, the company received a total of 1 provisional allocation notification under the rights issue, with valid applications covering a total of 309 million rights shares, which represents approximately 61.83% of the total rights shares offered [1] - The shortfall in the rights shares subscribed amounts to 190.8 million shares, accounting for about 38.17% of the total rights shares available for subscription, and these shares will be subject to compensation arrangements [1]

Core Viewpoint - Future Machines Limited (01401) announced that there were no qualified shareholders on the record date, resulting in no unsold rights shares related to non-qualified shareholders [1] Summary by Sections Rights Issue Details - As of the final acceptance deadline on September 26, 2025, the company received a total of 1 provisional allocation notice with valid applications, involving a total of 309 million rights shares, which represents approximately 61.83% of the total rights shares offered [1] - The number of rights shares that were undersubscribed amounts to 190.8 million shares, accounting for about 38.17% of the total rights shares available for subscription, and these shares will be subject to compensation arrangements [1]

FUTURE MACHINE LIMITED 未來機器有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1401） 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。 (1)供股股份之有效接納結果 及 (2)補償安排涉及之未獲認購供股股份數目 茲 提 述 未 來 機 器 有 限 公 司（「本公司」）日 期 為 二 零 二 五 年 九 月 十 二 日 之 供 股 章 程（「供股章程」），內 容 有 關（其 中 包 括）供 股。除 文 義 另 有 所 指 外，本 公 告 所 用 詞 彙 與 供 股 章 程 所 界 定 者 具 有 相 同 涵 義。 供股股份之有效申請及接納結果 於 記 錄 日 期，已 發 行 股 份 總 數 為1,000,000,000股及根據供股將予發行的供股股 份最高數目為500,000,000股。 董 事 會 宣 佈，(i)於 記 錄 日 期，概 無 非 合 資 格 股 東， ...

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 | | | 致：香港交易及結算所有限公司 公司名稱: 未來機器有限公司 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) | 01401 | 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 | | | 1,000,000,000 | | 0 | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 1,000,000,000 | | 0 | | 1,000,000,000 | 第 2 頁 共 10 頁 v 1.1.1 III.已發行股份及/或庫存股份變動詳情 | 1. 股份分 ...

Core Viewpoint - The article highlights the emergence of "invisible champion" companies driven by technological innovation in Shenzhen's Meilin Street, with HeMiao Communication being a notable example of success in the ODM sector, achieving significant global market presence and client trust [1][4]. Company Overview - HeMiao Communication, established in the early 2000s, focuses on ODM for communication devices, initially targeting emerging markets like India and Africa, and has expanded its operations globally, achieving an annual shipment of over 20 million units and serving clients in over 40 countries [1][4]. - The company went public on the Hong Kong Stock Exchange in 2019, marking a significant milestone in its growth trajectory [4]. Market Strategy - In response to market uncertainties and profit dilution in the smart terminal industry, HeMiao Communication emphasizes operational efficiency and market diversification, expanding into regions like the Middle East and Latin America to mitigate risks [4][6]. - The company is transitioning from a traditional equipment supplier to an integrated solution provider, offering "hardware + services" and embedding itself deeper into the customer value chain [4][5]. Technological Focus - HeMiao Communication is prioritizing AIoT and smart home technologies, establishing a research and development center in Shenzhen to enhance its capabilities in artificial intelligence modules and terminal devices [5][6]. Domestic Market Development - The company has evolved from a traditional OEM to a strategic partner for leading domestic tech firms, leveraging its reliable product delivery to secure collaborations with major players like Baidu, Meituan, and Zhongxing [6][8]. - HeMiao Communication's ability to provide stable and responsive solutions has been key to its transformation into a strategic partner rather than just a low-cost manufacturer [8]. Client Collaboration - In 2023, HeMiao Communication secured a customized order from Baidu, meeting stringent requirements for rapid delivery and high-volume stability, which positioned the company at the core of the domestic AIoT ecosystem [7]. - The company has also excelled in partnerships with Meituan and educational technology firms, demonstrating a commitment to understanding client needs and delivering tailored solutions [7][8]. Leadership and Social Responsibility - The Vice President of HeMiao Communication, Zhang David, also serves as a member of the local government, advocating for policies that support the tech industry and small businesses, reflecting a commitment to social responsibility alongside business success [9][10]. - Zhang emphasizes the importance of contributing to China's manufacturing reputation and fostering a sense of curiosity and global perspective among future generations [9].

Revenue and Profit Growth - For the six months ended June 30, 2025, the Group's revenue increased by approximately 27.4% to RMB1,600.9 million from RMB1,256.9 million for the same period in 2024[17]. - Net profit for the same period rose by approximately 25.0% to RMB11.5 million compared to RMB9.2 million in the prior year[17]. - Total revenue increased by approximately 27.4% to RMB1,600.9 million for the six months ended June 30, 2025, from RMB1,256.9 million for the same period in 2024[29]. - Earnings per share increased to RMB1.12 for the six months ended June 30, 2025, compared to RMB0.99 in the same period of 2024[19]. - The Group recorded a net profit of RMB 11.5 million for the six months ended June 30, 2025, compared to RMB 9.2 million for the same period in 2024[56]. - The total comprehensive income for the period was RMB 11.6 million, compared to RMB 9.3 million in 2024, representing a 25.0% increase[96]. - Profit for the period attributable to owners of the Company increased to RMB 11,209,000 in 2025 from RMB 9,856,000 in 2024, a growth of 14%[149]. Market Performance - Revenue from the Chinese and Indian markets increased by 27.8% to RMB1,483.1 million, up from RMB1,160.4 million in the previous year[14]. - Revenue from smartphones rose by 14.7% to RMB917.5 million for the six months ended June 30, 2025, compared to RMB799.6 million for the same period in 2024, driven by increased sales in the PRC and India[29]. - Revenue from IoT related products surged by 61.1% to RMB584.7 million for the six months ended June 30, 2025, up from RMB362.9 million for the same period in 2024, primarily due to increased tablet orders from major customers in the PRC[31]. - Revenue from India skyrocketed by 102.3% to RMB371.8 million for the six months ended June 30, 2025, compared to RMB183.8 million for the same period in 2024, driven by increased demand for smartphones[36]. - Revenue from the United States increased by 151.2% to RMB52.5 million for the six months ended June 30, 2025, from RMB20.9 million for the same period in 2024, resulting from strategic marketing initiatives[39]. - Revenue in Algeria surged by 255.6% to RMB12.8 million for the six months ended June 30, 2025, from RMB3.6 million for the same period in 2024, primarily driven by increased smartphone demand[41]. Strategic Initiatives and Market Position - The Group maintained a strong market position by leveraging a differentiated product portfolio and competitive pricing strategies[13]. - The Group aims to strengthen its market-leading position through strategic initiatives focused on sustaining growth and long-term success[23]. - The Company anticipates both challenges and opportunities in China's ODM mobile phone market moving forward[23]. - The Group's product portfolio includes smartphones, feature phones, PCBAs for mobile phones, and IoT related products, with a focus on enhancing research and development capabilities and diversifying geographical locations[26]. - The integration of artificial intelligence and the rapid deployment of 5G networks are expected to significantly boost demand for smartphones and IoT products[24]. Expenses and Financial Management - Selling expenses increased by 27.5% to RMB 32.0 million for the six months ended June 30, 2025, from RMB 25.1 million for the same period in 2024, attributed to higher transportation costs and marketing expenses[44]. - Research and development expenses increased by 16.6% to RMB 70.2 million for the six months ended June 30, 2025, from RMB 60.2 million for the same period in 2024, driven by higher staff costs and moulding expenses[49]. - Finance costs decreased by 23.6% to RMB 15.9 million for the six months ended June 30, 2025, from RMB 20.8 million for the same period in 2024, primarily due to a reduction in interest on discounted bills[50]. - Income tax expenses rose by 42.5% to RMB 5.7 million for the six months ended June 30, 2025, from RMB 4.0 million for the same period in 2024, reflecting an increase in tax assessable profits[51]. Assets and Liabilities - As of June 30, 2025, trade and bills receivables amounted to RMB 827.7 million, up from RMB 587.4 million as of December 31, 2024, primarily due to increased sales[59]. - As of June 30, 2025, the Group's prepayments and other receivables increased to RMB156.9 million from RMB128.0 million as of December 31, 2024, primarily due to higher prepayments to suppliers in response to growing customer demand[66]. - The Group's trade and bills payables decreased to RMB2,641.0 million as of June 30, 2025, from RMB2,708.5 million as of December 31, 2024, attributed to settlements made to suppliers[67]. - As of June 30, 2025, the Group had net current assets of RMB301.9 million, cash and cash equivalents of RMB113.1 million, and borrowings of RMB154.2 million, indicating a stable liquidity position[72]. - The Group's current ratio remained stable at 1.1 times as of June 30, 2025, with a gearing ratio of 0.4, indicating a balanced capital structure[72]. Changes in Corporate Structure - The Company completed a name change from "Sprocomm Intelligence Limited" to "Future Machine Limited" in July 2025, reflecting its future business direction[20]. - The new name is expected to enhance the Company's corporate image and identity, supporting future business development[22]. Cash Flow and Government Support - The net cash used in operating activities for the first half of 2025 was RMB 93,324,000, compared to RMB 65,747,000 in the same period of 2024, indicating a decline in cash flow from operations[110]. - The company generated net cash from investing activities of RMB 309,875,000 in the first half of 2025, down from RMB 606,758,000 in the same period of 2024, showing a decrease of approximately 48.9%[110]. - The company received government subsidies amounting to RMB 13,465,000 in the first half of 2025, compared to RMB 8,005,000 in the same period of 2024, representing an increase of approximately 68.3%[110]. Trade Receivables and Credit Management - The aging analysis of trade receivables shows that receivables within 30 days increased to RMB 516,914,000 from RMB 276,611,000, representing an increase of 86.9%[163]. - The estimated loss allowance for low-risk receivables as of June 30, 2025, is RMB 5,119,000, with an average expected loss rate of 0.70%[167]. - High-risk receivables have a loss allowance of RMB 6,360,000 as of June 30, 2025, with an average expected loss rate of 20.88%[167]. - The total impairment loss allowance for trade and bills receivables as of June 30, 2025, is RMB 11,479,000, down from RMB 14,280,000 as of December 31, 2024[171]. - The Group applies internal credit rating for customers, categorizing them into low, medium, and high-risk groups based on credit risk characteristics[165].

TO BE VALID, THE WHOLE OF THIS PROVISIONAL ALLOTMENT LETTER MUST BE RETURNED. 本暫定配額通知書必須整份交回方為有效。 IMPORTANT 重要提示 Reference is made to the prospectus (the "Prospectus") issued by Future Machine Limited (the "Company") dated 12 September 2025 in relation to the Rights Issue. Terms defined in the Prospectus shall have the same meanings when used herein, unless the context otherwise requires. 茲提述未來機器有限公司（「本公司」）日期為二零二五年九月十二日有關供股之供股章程（「供股章程」）。除文義另有所指，供 股章程所界定詞彙與本表格所用者具相同涵義。 THIS PROVISIONAL ALLOTMENT LETTER IS VA ...

此乃要件 請即處理 閣下如對本供股章程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註冊證券交易商、銀行經理、律師、專業會 計師或其他專業顧問。 閣下如已售出或轉讓名下所有未來機器有限公司股份，應立即將本供股章程交予買主或承讓人，或經手買賣或轉讓的銀行、持牌證券交 易商、註冊證券機構或其他代理商，以便轉交買主或承讓人。 香港交易及結算所有限公司、香港聯合交易所有限公司及香港中央結算有限公司對本供股章程的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本章程文件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。 各份章程文件連同其所附載本供股章程附錄三「15.送呈香港公司註冊處處長的文件」一段所指明之文件，已根據香港法例第32章公司（清 盤及雜項條文）條例第342C條之規定送呈香港公司註冊處處長登記。香港公司註冊處處長、香港聯合交易所有限公司以及香港證券及期 貨事務監察委員會對任何章程文件之內容概不負責。 向香港境外司法權區派發本供股章程可能受法律限制。獲得本供股章程之人士（包括但不限於代理、託管商、代名人及受託人）須自行了 解並遵守任何有關限制。未有 ...

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 | | | 致：香港交易及結算所有限公司 公司名稱: 未來機器有限公司 呈交日期: 2025年9月1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) | 01401 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000,0 ...

Core Viewpoint - Future Machine Limited (01401.HK) reported satisfactory performance for the six months ending June 30, 2025, with significant revenue and profit growth [1] Financial Performance - Revenue increased by approximately 27.4% year-on-year to RMB 1.6 billion [1] - Net profit rose by about 25.0% year-on-year to RMB 11.5 million [1] - Earnings per share stood at RMB 1.12 [1] Business Operations - The company is recognized as one of China's leading ODM mobile phone suppliers [1] - Future Machine Limited focuses on research, design, production, and sales of mobile phones, printed circuit board assembly, and IoT-related products [1] - The company is actively expanding into emerging markets [1]