智通财经APP讯，铸帝控股(01413)发布公告，自2025年7月31日起，何育明先生为投入时间于其他业务 及个人事务而辞任公司联席公司秘书一职。 ...

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 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 的 任 何 損 失 承 擔 任 何 責 任。 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股份代號: 1413） 聯席公司秘書辭任 鑄 帝 控 股 集 團 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」）董 事（「董 事」） 會（「董事會」）謹 此 宣 佈，自 二 零 二 五 年 七 月 三 十 一 日 起，何 育 明 先 生（「何先生」） 為 投 入 時 間 於 其 他 業 務 及 個 人 事 務 而 辭 任 本 公 司 聯 席 公 司 秘 書 一 職。 何 先 生 已 確 認，彼 與 董 事 會 概 無 意 見 分 歧，亦 無 任 何 有 關 彼 辭 任 的 事 宜，乃 需 敦 請 聯 交 所 及 本 公 司 股 東 垂 注。 繼 何 先 生 辭 任 後，本 公 司 公 司 秘 書 ...

FEG Holdings Corporation Limited (Stock Code 股份代號: 1413) N OT IF IC ATI ON LET TE R 通 知 信 函 – Notice of Publication of 2024/25 Annual Report (the "Current Corporate Communications") 鑄帝控股集團有限公司 The English and Chinese versions of the Company's Current Corporate Communication (s) are available on the Company's website at www.feg-holdings.com and the website of The Stock Exchange of Hong Kong Limited (the "HKEx's website") at www.hkexnews.hk respectively (the "Website Version"). The Company strongly recommends ...

FEG Holdings Corporation Limited 鑄帝控股集團有限公司 (incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號: 1413) N OT IF IC ATI ON LET TE R 通 知 信 函 31 July 2025 Dear Registered Shareholder, FEG Holdings Corporation Limited (the "Company") – Notice of Publication of 2024/25 Annual Report (the "Current Corporate Communication(s)") The English and Chinese versions of the Company's Current Corporate Communication(s) are available on the Company's website at www.feg-holdings.com a ...

FEG Holdings Corporation Limited 鑄 帝 控 股 集 團 有 限 公 司 Stock Code 股 份 代 號 : 1413 (Incorporated in the Cayman Islands with limited liability) （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 年 報 2024-25 ANNUAL REPORT CONTENTS 目錄 2 Corporate Information 公司資料 5 Chairman's Statement 主席報告 6 Directors and Senior Management 董事及高級管理層 13 Management Discussion and Analysis 管理層討論及分析 29 Environmental, Social and Governance Report 環境、社會及管治報告 45 Corporate Governance Report 企業管治報告 63 Directors' Report 董事會報告 76 Independent Auditor's Report 獨 ...

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 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 的 任 何 損 失 承 擔 任 何 責 任。 FEG Holdings Corporation Limited 鑄帝控股集團有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股份代號: 1413） 截至二零二五年三月三十一日止年度之 年度業績公告 及恢復買賣 財務摘要 鑄 帝 控 股 集 團 有 限 公 司（前 稱 廣 聯 工 程 控 股 有 限 公 司）（「本公司」）董 事（「董 事」） 會（「董事會」）欣 然 呈 列 本 公 司 及 其 附 屬 公 司（統 稱「本集團」）截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度（「本年度」或「二 零 二 四╱二 五 財 年」）的 綜 合 財 務 業 績，連 同 截 至 二 零 二 四 年 三 月 三 十 一 日 止 相 應 年 度（「二零二三╱二四財 ...

Group 1 - The Hang Seng Index closed at 23,345.05 points, down 0.46% on May 16 [1] - Chudi Holdings (01413.HK) closed at HKD 0.08 per share, up 31.15%, with a trading volume of 10.605 million shares and a turnover of HKD 729,200, showing a volatility of 44.26% [1] Group 2 - Over the past month, Chudi Holdings has seen a cumulative decline of 15.28%, and a year-to-date decline of 60.39%, underperforming the Hang Seng Index which has increased by 16.92% [2] - As of September 30, 2024, Chudi Holdings reported total revenue of HKD 270 million, a year-on-year increase of 12.65%, while the net profit attributable to shareholders was a loss of HKD 4.354 million, a decrease of 150.08% [2] - The gross profit margin for Chudi Holdings is 4.51%, and the debt-to-asset ratio stands at 24.95% [2] - Currently, there are no institutional investment ratings for Chudi Holdings [2] - The average price-to-earnings (P/E) ratio for the construction industry is 9.33 times, with a median of 1.58 times; Chudi Holdings has a P/E ratio of 26.22 times, ranking 88th in the industry [2] - Other companies in the industry include Pujiang International (02060.HK) with a P/E of 1.01 times, Food King (Global) (08619.HK) at 1.24 times, Jincheng Group Holdings (01581.HK) at 1.52 times, China Pipe Industry (00380.HK) at 1.56 times, and Indigo Star (08373.HK) at 1.58 times [2] Group 3 - Chudi Holdings is a foundation engineering contractor based in Hong Kong, established in 1995, primarily engaging in foundation engineering through its main operating subsidiary, Guanglian Engineering Co., Ltd. [2] - The company undertakes various foundation engineering projects, including excavation, lateral support, and related works such as pile cap engineering, underground drainage, and site leveling [2]

Revenue and Economic Outlook - The Group's revenue primarily derived from foundation works in non-residential developments during the reporting period [7]. - The Hong Kong government plans to supply a total of 189,000 public housing units from 2025-26 to 2029-30, indicating significant opportunities in the construction industry [8]. - Major transport infrastructure projects, including Hung Shui Kiu Station and the Northern Link Main Line, are expected to commence construction in 2024 and 2025, respectively [8]. - The statutory environmental impact assessment for the Kau Yi Chau Artificial Islands project will begin at the end of 2024, further enhancing construction opportunities [8]. - The local economy of Hong Kong is anticipated to improve, allowing the Group to leverage its solid track record in the foundation industry [9]. - The Group's revenue from continuing operations increased by approximately HK$33.6 million or 12.7% to approximately HK$298.9 million for the Reporting Period, compared to approximately HK$265.3 million for the six months ended 30 September 2023 [31]. - Revenue from contracts with customers for the six months ended 30 September 2024 was HK$298,860,000, an increase of 12.7% compared to HK$265,294,000 for the same period in 2023 [141]. Financial Performance - The cost of sales increased from approximately HK$249.5 million to approximately HK$285.4 million, representing an increase of approximately HK$35.9 million or 14.4% [27]. - The overall gross profit decreased from approximately HK$15.8 million to approximately HK$13.5 million, a decrease of approximately 14.6% [34]. - The overall gross profit margin declined from 5.9% to 4.5% due to severe shortages of construction professionals and increased labor costs [34]. - The Group recorded a loss of approximately HK$4.8 million for the Reporting Period, compared to a profit of approximately HK$9.6 million for the six months ended 30 September 2023 [65]. - Other income and gains decreased by approximately HK$1.2 million from approximately HK$1.3 million for the six months ended 30 September 2023 to approximately HK$0.1 million for the Reporting Period [61]. - Finance costs increased from approximately HK$428,000 for the six months ended 30 September 2023 to approximately HK$801,000 for the Reporting Period, representing an increase of approximately 100% [64]. - The Group's income tax expense decreased from approximately HK$1,692,000 for the six months ended 30 September 2023 to approximately HK$1,317,000 for the Reporting Period [58]. - The company reported a loss attributable to owners of the Company of HK$4,824,000 for the six months ended 30 September 2024, compared to a profit of HK$9,640,000 for the same period in 2023 [83]. - Basic and diluted loss per share from continuing operations was HK$0.40 for the six months ended 30 September 2024, compared to earnings per share of HK$0.96 for the same period in 2023 [83]. Assets and Liabilities - Total non-current assets decreased to HK$36,271,000 as of 30 September 2024, down from HK$52,025,000 as of 31 March 2024 [84]. - Total current assets increased to HK$359,805,000 as of 30 September 2024, compared to HK$329,147,000 as of 31 March 2024 [84]. - The company reported net current assets of HK$266,920,000 as of 30 September 2024, an increase from HK$222,186,000 as of 31 March 2024 [84]. - Non-current liabilities totaled HK$5,937,000 as of 30 September 2024, a decrease from HK$7,830,000 as of 31 March 2024 [85]. - The company had total equity of HK$297,254,000 as of 30 September 2024, up from HK$266,381,000 as of 31 March 2024 [85]. Operational Insights - The Group's business performance is expected to vary amid uncertainties in different economic segments [22]. - The Group's performance obligations related to construction services are expected to be satisfied within approximately three years, with other amounts expected to be recognized as revenue within one year [102]. - The Group's cash and cash equivalents at the end of the period were HK$18,199,000, down from HK$27,344,000 at the end of the previous period [113]. - The Group's total cash flows from financing activities amounted to HK$20,923,000, a significant increase from HK$12,933,000 in the previous period [113]. - The Group's depreciation of property, plant, and equipment was HK$6,009,000, down from HK$7,208,000 in the previous period [112]. Director Remuneration and Corporate Governance - The remuneration of the Directors is determined based on the Group's operating results and individual performance [48]. - The company’s executive directors received total emoluments of HK$378,000, HK$288,000, HK$210,000, and HK$90,000 respectively for the six months ended 30 September 2023 [177]. - The company did not pay any emoluments to directors as an inducement to join or as compensation for loss of office during the six months ended 30 September 2024 [180]. - There were no arrangements for directors to waive any remuneration during the six months ended 30 September 2024 [180]. - The company appointed two new independent non-executive directors on 25 July 2024 [180]. Discontinued Operations - The company completed the disposal of Shenzhen Guanglianxing Trading Technology Co., Ltd. for a consideration of RMB1 (approximately HK$1) on 12 August 2024 [131]. - The company reported net cash outflows from operating activities of HK$4,000 for the period ended 12 August 2024 [171]. - The loss attributable to owners of the company from discontinued operations was HK$4,000 for the period [170]. - The cash and cash equivalents disposed of amounted to HK$1,000, with total consideration received being approximately HK$1 [172].

Financial Performance - The group's revenue from continuing operations for the six months ended September 30, 2024, was approximately HKD 298.9 million, compared to HKD 265.3 million for the same period in 2023, representing an increase of 12.3%[2] - The gross profit margin for the reporting period was approximately 4.5%, down from 5.9% for the same period in 2023[2] - The loss attributable to owners from continuing and discontinued operations was approximately HKD 4.8 million, compared to a profit of HKD 9.6 million for the same period in 2023[2] - Basic and diluted loss per share for the reporting period was approximately HKD 0.40 and HKD 0.47, respectively, compared to earnings of HKD 0.96 for the same period in 2023[2] - The group recorded a total loss and comprehensive expenses of approximately HKD 4.8 million during the reporting period, compared to a profit of approximately HKD 9.6 million for the six months ended September 30, 2023[83] Dividend and Shareholder Returns - The board of directors decided not to declare an interim dividend for the reporting period, consistent with the previous year[2] - The company did not recommend any dividend payment for the six months ended September 30, 2024, consistent with the previous year[48] - No interim dividend was recommended for the reporting period ending September 30, 2023[98] Assets and Liabilities - Total non-current assets decreased from HKD 52.0 million as of March 31, 2024, to HKD 36.3 million as of September 30, 2024[8] - Current assets increased from HKD 329.1 million as of March 31, 2024, to HKD 359.8 million as of September 30, 2024[11] - Current liabilities decreased from HKD 106.9 million as of March 31, 2024, to HKD 92.9 million as of September 30, 2024[14] - Net assets attributable to owners increased from HKD 266.4 million as of March 31, 2024, to HKD 297.3 million as of September 30, 2024[18] - As of September 30, 2024, trade payables amounted to HKD 30,472 thousand, a decrease from HKD 38,720 thousand as of March 31, 2024[56] Revenue Sources - The company primarily engages in providing construction services in Hong Kong, with no significant changes in its main business during the reporting period[20] - The company’s revenue from residential construction services was HKD 135,497,000, while non-residential construction services generated HKD 163,363,000 for the six months ended September 30, 2024[30] - Major customers contributing over 10% of revenue included Customer A with HKD 134,697,000, Customer B with HKD 129,307,000, and Customer C with HKD 34,091,000[27] Costs and Expenses - The company reported employee benefit expenses of HKD 89,410,000, which is a substantial increase from HKD 41,689,000 in the previous year, indicating a rise of approximately 114.3%[33] - The group’s sales cost increased from approximately HKD 249.5 million to about HKD 285.4 million, a rise of approximately HKD 35.9 million or 14.4%[70] - Overall gross profit decreased from approximately HKD 15.8 million to about HKD 13.5 million, a decline of approximately 14.6%, primarily due to a severe shortage of construction-related professionals and increased labor costs[70] - Administrative expenses surged from approximately HKD 5.3 million to about HKD 16.3 million, an increase of approximately HKD 11.0 million or 207.6%[72] Financing and Capital Structure - Financing costs increased to HKD 801,000 for the six months ended September 30, 2024, up from HKD 428,000 in the same period of 2023, reflecting a rise of approximately 87.2%[35] - The company issued bonds totaling HKD 1,000,000 with an annual interest rate of 4.00%, due in October 2024, and RMB 11,000,000 (approximately HKD 11,923,000) with an annual interest rate of 3.65%, due in July 2024[60] - The company's debt-to-equity ratio decreased from approximately 11.7% on March 31, 2024, to about 10.5% on September 30, 2024, primarily due to a reduction in secured bank loans[89] Taxation - The total income tax expense for the six months ended September 30, 2024, was HKD (1,317) thousand, compared to HKD (1,692) thousand for the same period in 2023[43] - The company maintained a tax rate of 16.5% for the estimated taxable profits, in line with the previous year[45] Corporate Governance and Structure - The company changed its name from "Kwong Luen Engineering Holdings Limited" to "FEG Holdings Corporation Limited" on October 2, 2024[102] - The company emphasizes the importance of corporate governance and transparency to maintain shareholder trust and create long-term value[124] - The Audit Committee was established on February 19, 2021, to oversee financial reporting processes and internal controls[127] - The interim financial results were reviewed by the Audit Committee, which found no objections to the accounting treatment adopted by the company[128] Market Outlook - The government projects a total public housing supply of 189,000 units from 2025-2026 to 2029-2030, indicating significant opportunities in the construction sector[66] - The group anticipates substantial growth in the construction industry over the coming years due to the government's labor optimization plan, which has approved 9,731 quotas to address labor shortages[64] - Management expects the construction industry to benefit from favorable government policies and ongoing demand for housing and infrastructure development[68]

Revenue Growth - The Group's revenue increased to approximately HK$618.2 million for the Year, representing an increase of approximately HK$279.9 million or 82.7% from approximately HK$338.3 million for FY2022/23[26] - Revenue contribution from two sizable projects awarded during the year was approximately HK$239.1 million and HK$162.9 million, compared to HK$66.2 million and HK$37.1 million in FY2022/23 respectively[26] - The total revenue for the year was approximately HKD 618.2 million, an increase of about 82.7% compared to approximately HKD 338.3 million for the previous fiscal year[64] - The Group recorded total revenue of approximately HK$618.2 million, representing an increase of approximately 82.7% compared to HK$338.3 million for the year ended 31 March 2023[88] - The two major projects contributed revenues of approximately HK$239.1 million and HK$162.9 million, respectively, for the current year[174] Profitability - The profit attributable to owners of the company was approximately HKD 17.3 million, a significant increase from approximately HKD 1.0 million in the previous fiscal year[64] - The increase in profit was mainly attributable to the rise in the Group's gross profit[88] - The overall gross profit of the Group rose from approximately HK$11.9 million for the year ended March 31, 2023, to approximately HK$34.8 million for the current year, an increase of approximately 192.4%[175] - The gross profit margin improved from 3.5% for the year ended March 31, 2023, to 5.6% for the current year due to revenue growth outpacing the increase in cost of sales[175] Cost and Expenses - The Group's cost of sales increased from approximately HK$326.4 million for the year ended 31 March 2023 to approximately HK$583.4 million for the Year, representing an increase of approximately HK$257.0 million or 78.7%[173] - Administrative expenses slightly increased from approximately HK$11.1 million to approximately HK$11.4 million, representing an increase of approximately HK$0.3 million or 2.7%[176] - Other income and gains decreased from approximately HK$6.3 million to about HK$1.3 million, primarily due to the absence of government subsidies received in the previous year[41] - The expected credit loss (ECL) on contract assets decreased from approximately HK$7.4 million to approximately HK$1.0 million, a reduction of approximately HK$6.4 million or 86.5%[197] Safety and Management - The Group reported one workplace accident during the reporting period, resulting in 229 lost workdays, compared to 301 lost workdays in the previous fiscal year[13] - The Group has implemented a comprehensive occupational health and safety management system certified to OHSAS 18001 international standards[4] - The Group has devised a staff handbook to define expectations and protect employees from unfair treatment and discrimination[5] Market and Economic Conditions - The Hong Kong economy experienced a real GDP growth of 3.3% in 2023, driven by the recovery of tourism and private consumption[22] - The Hong Kong construction industry is facing challenges due to a labor crunch, impacting both the construction and foundation sectors[124] - The overall demand for property developments and foundation works has decreased due to hesitance from property investors and developers[126] - The Government's active land development initiatives have led to a surge in infrastructure projects despite the economic slowdown[124] - The construction industry is expected to have ample room for growth when the economy of Hong Kong improves[125] Future Outlook and Strategies - The company is cautiously optimistic about its business prospects despite facing a manpower shortage in the construction industry[51] - The company plans to actively seek new investment opportunities to enhance profitability and maximize returns for shareholders[65] - The management will leverage its solid track record in the foundation industry and favorable government policies to explore different options[36] - The company aims to strengthen its existing business while exploring new strategies for market expansion[65] - The Hong Kong Government plans to build approximately 410,000 public housing units over the next decade, which may benefit the construction industry[129] - The Government has proposed to import up to 12,000 non-local workers to alleviate labor shortages in the construction sector[125] Audit and Compliance - A qualified opinion was expressed by the Auditor regarding deposits paid for a construction contract valued at RMB29,465,000 (approximately HK$31,936,000) due to insufficient documentation[130] - The auditor expressed concerns regarding the lack of sufficient documentary evidence related to the arrangements, impacting the classification and accounting treatment of RMB4,754,500 (approximately HK$5,153,000) paid to the Supply Chain Management Company[162] - The audit committee has approved a detailed review of the Group's workflow, decision-making, and record-keeping processes, expected to be completed by Q4 2024[190] Business Relationships - The company has established long-term business relationships with customers, ensuring the recoverability of contract assets[56] - The management has conducted assessments to evaluate the feasibility of the project based on publicly available information, confirming that neither Customer Z nor the Supply Chain Management Company appears to be connected with the management of the Group[163]