Core Viewpoint - The company reported a revenue of HKD 1.054 billion for the six months ending September 30, 2025, reflecting a year-on-year growth of 3.3% [1] - The net profit attributable to shareholders was HKD 15.448 million, representing a year-on-year increase of 5.93% [1] - Basic earnings per share stood at HKD 0.0151 [1] Revenue and Profit Analysis - Revenue increased due to higher market demand, contributing to the overall growth [1] - The gross profit margin improved as a result of increased market demand [1] - Other income and net gains decreased, while sales and distribution costs, as well as administrative expenses, increased [1] Cost and Financial Metrics - Financing costs decreased, which positively impacted profitability [1] - Tax expenses increased during the reporting period [1]

Core Viewpoint - The company reported a revenue of HKD 1.054 billion for the six months ending September 30, 2025, reflecting a year-on-year growth of 3.3% [1] Financial Performance - The profit attributable to the owners of the parent company reached HKD 15.448 million, marking a year-on-year increase of 5.93% [1] - Basic earnings per share stood at HKD 0.0151 [1] Factors Influencing Profit Increase - Revenue growth contributed positively to the increase in profit [1] - Increased market demand led to an improvement in gross profit margin [1] - Other income and net revenue decreased [1] - Sales and distribution costs increased [1] - Administrative expenses rose [1] - Financing costs decreased [1] - Tax expenses increased [1]

Core Viewpoint - The company reported an increase in revenue and profit for the six months ending September 30, 2025, primarily driven by the rising demand for AI products, despite a slight decrease in the proportion of revenue from product sales compared to the previous year [1] Group 1: Financial Performance - Total revenue from product sales accounted for approximately 99.4% of the group's total revenue, a slight decrease from 99.6% in the previous year [1] - Revenue from product sales increased from approximately HKD 1.017 billion for the six months ending September 30, 2024, to approximately HKD 1.049 billion for the current period, attributed to increased market demand for AI products [1] - Net profit for the current period was approximately HKD 15.4 million, compared to approximately HKD 14.6 million for the six months ending September 30, 2024, indicating a positive trend in profitability [1] Group 2: Factors Influencing Profitability - The increase in profit was mainly due to several factors: (a) increase in revenue; (b) higher gross margin due to increased market demand; (c) decrease in other income and net revenue; (d) increase in sales and distribution costs; (e) increase in administrative expenses; (f) decrease in financing costs; and (g) increase in tax expenses [1]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 1,054,413,000, an increase of 3.2% compared to HKD 1,020,762,000 for the same period in 2024[4] - Gross profit for the same period was HKD 104,111,000, representing a 6.5% increase from HKD 97,642,000 in 2024[4] - Net profit attributable to equity holders of the parent company was HKD 15,448,000, up 5.9% from HKD 14,583,000 in the previous year[4] - Basic and diluted earnings per share were both HKD 1.51, compared to HKD 1.47 for the same period in 2024[4] - Total operating expenses increased to HKD 56,019,000 from HKD 48,246,000, reflecting a rise of 16.0%[4] - The company reported other income of HKD 2,983,000, down from HKD 3,498,000 in the previous year[4] - The cost of sales was HKD 950,302,000, an increase from HKD 923,120,000, indicating a rise of 2.9%[4] - The company incurred finance costs of HKD 10,705,000, a decrease from HKD 15,202,000, showing a reduction of 29.8%[4] - The effective tax rate for the period was approximately 15.5%, compared to 14.4% in the previous year[4] Assets and Liabilities - Total non-current assets increased from HKD 82,125 million to HKD 91,625 million, representing a growth of 11.5%[7] - Current assets rose from HKD 715,942 million to HKD 745,149 million, an increase of 4.1%[7] - Total liabilities increased from HKD 587,693 million to HKD 511,118 million, indicating a decrease of 12.9%[7] - Net asset value increased from HKD 249,081 million to HKD 286,949 million, reflecting a growth of 15.3%[7] - Total equity rose from HKD 282,508 million to HKD 244,043 million, a decrease of 13.6%[8] - The company's cash and cash equivalents increased from HKD 75,610 million to HKD 64,144 million, a decrease of 15.2%[7] - Trade receivables increased from HKD 398,237 million to HKD 349,867 million, a decrease of 12.1%[7] Revenue Sources - Revenue from Hong Kong decreased to HKD 85,707,000 from HKD 115,787,000, a decline of about 26% year-over-year[15] - Revenue from Mainland China slightly decreased to HKD 844,764,000 from HKD 857,043,000, reflecting a decrease of approximately 1.4%[15] - Major customers contributing to over 10% of total revenue included Customer A with HKD 109,573,000 and Customer B with HKD 161,284,000, while total revenue from major customers was HKD 383,357,000 compared to HKD 503,195,000 in the previous year, indicating a decline of about 23.8%[17] Market and Growth Strategy - The company plans to expand its market presence and invest in new product development to drive future growth[2] - The company is engaged in the import and export of connection products for the telecommunications and data communication industries[9] - The group primarily engages in the import and export of electronic components, with a focus on commercial radar and connectivity products used in telecommunications and data communication applications[14] - The company is experiencing strong growth in its AI-driven HPC business, with significant sales momentum from the integration of 800G/1.6T optical fiber solutions into AI-optimized HPC servers[44] - The AIoT market is expanding at a compound annual growth rate (CAGR) of 31.7%, with Asia leading industrial applications and Southeast Asia driving smart city development through edge computing[43] - The company is in advanced discussions for a strategic partnership with Mile Green Co Limited, which is expected to enhance its position in emerging markets and diversify revenue sources[45] Expenses and Costs - Total expenses for the current period were HKD 2,828 million, compared to HKD 2,400 million in the prior year, marking an increase of approximately 17.9%[23] - Selling and distribution costs increased by approximately HKD 1.4 million or 6.7% year-on-year, totaling approximately HKD 22.1 million, driven by increased salaries and transportation costs[50] - Administrative expenses rose by approximately HKD 7.8 million or 16.1%, reaching approximately HKD 56.0 million, mainly due to increased salaries, system security costs, and depreciation from new equipment purchases[51] - Financing costs decreased to approximately HKD 10.7 million from HKD 15.2 million in the previous year, attributed to lower interest rates and a reduction in bank borrowings from HKD 262.6 million to HKD 181.4 million[52] Corporate Governance - The company emphasizes good corporate governance as essential for effective management and shareholder value enhancement, adhering to all governance codes except for a specific provision regarding the separation of roles of the chairman and CEO[72][73] - The Audit Committee was established on January 25, 2021, consisting of three independent non-executive directors, to oversee the company's accounting policies and review interim financial statements[76] - The Risk Management Committee was established on January 25, 2021, consisting of three executive directors, with a focus on overseeing legal compliance risks and internal control procedures[77] Employee and Operational Information - The group had 131 employees as of September 30, 2025, an increase from 122 employees as of March 31, 2025[67] - The company has maintained a competitive level of employee compensation, with annual reviews based on individual performance and industry practices[67] Future Outlook and Plans - The company aims to utilize the net proceeds by the end of 2026, but may delay allocation if market conditions are unfavorable[70] - It is proposed that approximately 85.0% of the net proceeds (around HKD 30.0 million) be used for business opportunities in AI technology-related fields[64]

Group 1 - The company,环联连讯(01473.HK), announced a board meeting scheduled for November 26, 2025, to review and approve the publication of its unaudited interim results for the six months ending September 30, 2025 [1] - The board will also consider the proposal for the payment of an interim dividend, if any [1]

環 聯 連 訊 科 技 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1473） 董事會會議日期 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。 Pangaea Connectivity Technology Limited 環聯連訊科技有限公司 主席 馮銳江先生 香港，二零二五年十一月十二日 於 本 公 告 日 期 ， 董 事 會 成 員 包 括 執 行 董 事 馮 銳 江 先 生 、 黃 偉 桄 博 士 及 梁 筠 倩 女 士；及獨立非執行董事凌國輝先生、甘承倬先生及伍成業先生。 環聯連訊科技有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，將於二 零二五年十一月二十六日（ 星期三 ）舉行董事會會議，藉此（ 其中包括 ）審議並批准 刊發本公司及附屬公司截至二零二五年九月三十日止六個月的未經審核中期業績 公告以及考慮派付中期股息的建議（ 如有 ）。 承董事 ...

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 FF301 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 環聯連訊科技有限公司 呈交日期: 2025年11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) | 01473 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | 本月 ...

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依賴該等內容而引致的任何損失承擔任何責任。 Pangaea Connectivity Technology Limited 環 聯 連 訊 科 技 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1473） 有關潛在合作之 補充公告 茲提述環聯連訊科技有限公司（「本公司」，連同其附屬公司統稱「本集團」）於二零 二五年八月二十六日刊發之公告（「該公告」），內容有關就潛在合作訂立無法律約 束力的諒解備忘錄。除另有界定者外，本公告所用詞彙與該公告所界定者具有相 同涵義。 本公司預期將認購與Mile Green成立之策略合營企業（「新公司」）的非控股股權（ 投 資 金 額 待 議 ）， 該 合 營 企 業 將 持 有 控 制 權 並 向 新 公 司 注 入 收 入 資 產 。 該 等 資 產 之 最終組成仍須經雙方最終協議，並可能包括東南亞房地產及╱或電動車的收入來 源。 新 ...

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 截至月份: 2025年9月30日 狀態: 新提交 致：香港交易及結算所有限公司 | 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) | 01473 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | 本月底法定/註冊股本總額： HKD 50,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 ...

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 截至月份: 2025年8月31日 狀態: 新提交 呈交日期: 2025年9月2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) | 01473 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | 本月底法定/註冊股本總額： HKD 50,000,000 FF301 第 1 頁 共 ...