Financial Performance - For the fiscal year ending December 31, 2025, the company reported revenue of HKD 204,949,000, a 74.3% increase from HKD 117,587,000 in 2024[2] - The gross profit for the fiscal year was HKD 42,394,000, representing a 208.4% increase from HKD 13,746,000 in 2024[12] - The company achieved a net profit attributable to shareholders of HKD 7,890,000, compared to a net loss of HKD 12,000,000 in the previous year[2] - Basic earnings per share for 2025 were HKD 0.77, a turnaround from a loss of HKD 1.18 per share in 2024[3] - The group reported a pre-tax profit of HKD 19,867,000 for the year ended December 31, 2025, compared to a pre-tax loss of HKD 12,000,000 for the year ended December 31, 2024[72] - The company reported a net profit of approximately HKD 7,890,000 for the fiscal year 2025, compared to a loss of HKD 12,000,000 in 2024, marking a significant turnaround[47] - Earnings per share for 2025 was HKD 0.77, a recovery from a loss of HKD 1.18 per share in 2024[47] Revenue Segments - The supply chain management services segment generated revenue of HKD 111,032,000, contributing approximately 54.2% to total revenue, a significant increase from HKD 9,520,000 in 2024[10] - The printing segment's revenue decreased by 13.1% to HKD 93,917,000 from HKD 108,067,000 in 2024, reflecting challenges in the market[9] - The logistics services segment generated revenue of HKD 107,009,000 in 2025, a substantial increase from HKD 9,520,000 in 2024[66] - For the year ended December 31, 2025, total external sales amounted to HKD 204,949,000, with the supply chain management segment contributing HKD 111,032,000 and the printing segment contributing HKD 93,917,000[72] Financial Position - As of December 31, 2025, the group's cash and cash equivalents amounted to approximately HKD 87,943,000, an increase from HKD 55,284,000 on December 31, 2024[22] - The current ratio as of December 31, 2025, was approximately 1.9, down from 4.3 on December 31, 2024, indicating a tighter liquidity position[23] - The debt-to-equity ratio as of December 31, 2025, was approximately 16.7%, compared to 7.1% on December 31, 2024, reflecting an increase in leverage[25] - The company’s total assets less current liabilities increased to HKD 155,390,000 in 2025 from HKD 117,573,000 in 2024, indicating strong financial health[62] Investments and Acquisitions - In 2025, the company acquired land in Zambia for logistics operations and entered into a service agreement with COSCO SHIPPING Africa to strengthen strategic cooperation[19] - The group has committed approximately HKD 16,333,000 in capital expenditures for the purchase of property, plant, and equipment as of December 31, 2025[29] - The group entered into a purchase agreement for land at a total price of USD 3,500,000 (approximately HKD 27.1 million) as part of its investment strategy[30] - The company issued HKD 20,100,000 of zero-coupon convertible bonds to DCQ Holdings Limited as part of financing for acquiring two leasehold lands in Zambia[83] Operational Developments - The group aims to solidify its supply chain management services as the core driver of revenue growth and profitability by 2026, focusing on strategic partnerships and operational capacity enhancement[20] - The group plans to expand its logistics and transportation networks across Africa, focusing on a logistics hub in Zambia to enhance its competitive advantage in the region[24] - The company established a new subsidiary in Zambia for supply chain management services, marking its expansion into new markets[70] Employee and Workforce - As of December 31, 2025, the total employee cost is approximately HKD 38.8 million, slightly up from HKD 38.5 million in 2024, with a total of 345 employees[37] - The company has reduced its workforce from 438 employees in 2024 to 345 employees in 2025[37] Financial Management and Strategy - The group has maintained a prudent financial management framework to ensure sufficient liquidity and manage cash flow risks effectively[26] - The group is actively seeking to diversify its capital structure by introducing strategic industry investors and exploring other financing options, including debt instruments[24] - The company has no plans for significant acquisitions or capital asset purchases as of the announcement date[35] - The company has no plans for significant investments or capital expenditures beyond what has been disclosed[35] Dividends and Shareholder Information - The company did not recommend any final dividend for the fiscal year 2025, consistent with 2024[4] - The group has not declared or proposed any dividends for the years ended December 31, 2025, and 2024[78] - The company maintains a public float of at least 25% of its issued share capital[56] Governance and Compliance - The audit committee has reviewed the financial statements for the fiscal year 2025, confirming compliance with applicable accounting principles and sufficient disclosures[58] - The financial statements for the year ended December 31, 2025, have been agreed upon by the auditors, although no assurance or verification conclusion was provided[85] - The company plans to publish its annual report containing all information required by the listing rules in a timely manner[87] Miscellaneous - The company has made significant progress in establishing a comprehensive logistics center, which is expected to enhance cross-border trade efficiency and reduce logistics costs[19] - The company has no significant contingent liabilities as of December 31, 2025, indicating a stable financial position[29] - The company has no assets pledged as of December 31, 2025, consistent with the previous year[36] - The company has not identified any significant events post-reporting period that could materially affect its operations or financial performance[45] - The board of directors has undergone a leadership change, with Mr. Wu stepping down as CEO while remaining as Chairman, and Mr. Zhu appointed as the new CEO[46][52] - The company expresses gratitude to business partners, shareholders, employees, and management for their continuous efforts and support[86]

（股份代號：1481） 董事會會議通知 竣球控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，董事會將於 2026年3月26日（星期四）舉行會議，藉以（其中包括）審議及批准本公司及其附屬 公司截至2025年12月31日止年度之綜合年度業績公告，及考慮建議派發末期股息（如 有）。 承董事會命 竣球控股有限公司 主席 吳浩麟 香港，2026年3月12日 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。 SMART GLOBE HOLDINGS LIMITED 竣球控股有限公司 （於開曼群島註冊成立的有限公司） 於本公告日期，執行董事為吳浩麟先生、朱樂峰先生、陳坤先生及林德凌先生； 及獨立非執行董事為胡家慈博士、姚好智先生及羅瑩慧女士。 ...

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 公司名稱: 竣球控股有限公司 呈交日期: 2026年3月3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) | 01481 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/註冊股本總額： HKD 20,000,000 FF301 第 1 頁 共 10 頁 v 1. ...

Core Viewpoint - The company, Junqiu Holdings, has responded to the Hong Kong Securities and Futures Commission's inquiry regarding its highly concentrated shareholding, confirming that at least 25% of its issued shares are held by the public, in compliance with the listing rules of the Stock Exchange [1] Group 1 - The inquiry by the Securities and Futures Commission revealed that 20 shareholders collectively hold 17.30% of the company's issued shares, which amounts to 176 million shares [1] - A major shareholder holds 73.53% of the shares, totaling 750 million shares, leading to a combined ownership of 90.83% by these shareholders [1] - Only 9.17% of the shares, equivalent to 93.54 million shares, are held by other shareholders [1] Group 2 - The company's board stated that the 20 shareholders holding 17.30% of the shares and their respective associates are independent third parties with no connections to the company or its related parties [1] - On August 1, 2023, the company completed a placement of 154 million shares by TeraMetal Holdings Limited to at least six subscribers, aimed at restoring the public float in accordance with the Stock Exchange's listing rules [1]

Group 1 - Company Junqiu Holdings (01481) received a notice from the Securities and Futures Commission regarding its shareholding distribution on February 5, 2026 [1] - As of January 27, 2026, 20 shareholders collectively held 176 million shares, representing 17.30% of the issued shares, while a major shareholder held 750 million shares, accounting for 73.53% of the issued shares, totaling 90.83% [1] - Only 93.54 million shares, or 9.17% of the issued shares, were held by other shareholders, indicating a highly concentrated ownership structure [1] Group 2 - TeraMetal Holdings Limited entered into a secondary block trade agreement on July 25, 2023, to place up to 154 million shares to restore public float according to the listing rules [2] - The placement was completed on August 1, 2023, with the shares sold to at least six independent subscribers, ensuring no new major shareholders emerged from the transaction [2] - As of January 27, 2026, and the date of the announcement, at least 25% of the company's issued shares were held by the public, complying with the public float requirements [2]

Group 1 - The core point of the announcement is that the Securities and Futures Commission (SFC) has conducted an inquiry into the shareholding distribution of the company, revealing that as of January 27, 2026, 20 shareholders collectively hold 176 million shares, representing 17.30% of the issued shares [1] - The inquiry results indicate that a major shareholder holds 750 million shares, accounting for 73.53% of the issued shares, leading to a total of 90.83% of the shares being held by these shareholders [1] - Consequently, only 93.54 million shares, or 9.17% of the issued shares, are held by other shareholders, indicating a highly concentrated ownership structure [1] Group 2 - TeraMetal Holdings Limited has entered into a secondary placement agreement on July 25, 2023, to sell up to 154 million shares to restore the public float in accordance with the Stock Exchange Listing Rules [2] - The placement was completed on August 1, 2023, with the shares being sold to no fewer than six independent subscribers, ensuring that none of them or their ultimate beneficial owners are connected to the company [2] - Following the completion of the placement, the company confirms that at least 25% of its issued shares are held by the public, thus complying with the public float requirements under the listing rules [2]

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。 SMART GLOBE HOLDINGS LIMITED 竣球控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1481） 股權高度集中 鑑於股權高度集中於數目不多之股東，即使少量股份成交，股份價格亦可能大 幅波動，股東及有意投資者於買賣股份時務請審慎行事。 本公告乃應香港聯合交易所有限公司（「聯交所」）要求而作出，內容有關竣球控股 有限公司（「本公司」）股權於2026年1月27日集中於極少數本公司股東（「股東」）。 股權高度集中 本公司注意到證券及期貨事務監察委員會（「證監會」）於2026年2月5日發出了一份 公告（「證監會公告」）。誠如證監會公告所披露，證監會最近曾就本公司之股權分 佈進行查訊。查訊結果顯示於2026年1月27日，有二十名股東合共持有176,460,000 股本公司股份（「股份」），相當於已發行股份之17.30%。有關股權連同由一名本公 司的主要股東持有之750,000,0 ...

Group 1 - The core point of the article is that Junqiu Holdings (01481.HK) has been under scrutiny by the Securities Regulatory Commission regarding its share distribution, revealing a high concentration of ownership among a few shareholders [1] - As of January 27, 2026, 20 shareholders collectively hold 176 million shares, representing 17.30% of the company's issued share capital [1] - A major shareholder owns 750 million shares, accounting for 73.53% of the issued share capital, leading to a total of 90.83% of the shares being held by these two groups [1] Group 2 - As of February 5, 2026, Junqiu Holdings closed at HKD 2.89, down 1.7%, with a trading volume of 150,000 shares and a turnover of HKD 434,100 [1] - The company has low attention from investment banks, with no ratings provided in the last 90 days [1] - Junqiu Holdings has a market capitalization of HKD 2.999 billion and ranks third in the packaging and printing II industry [1]

Core Viewpoint - The announcement from Junqiu Holdings (01481) reveals significant concentration in shareholding, with a majority of shares held by a few shareholders, raising potential concerns about liquidity and governance [1] Shareholding Structure - As of January 27, 2026, 20 shareholders collectively hold 176 million shares, representing 17.30% of the company's issued share capital [1] - A major shareholder owns 750 million shares, accounting for 73.53% of the issued share capital, leading to a total of 90.83% of shares held by these two groups [1] - Only 93.54 million shares, or 9.17% of the issued share capital, are held by other shareholders [1] Stock Price Performance - The company's stock price increased by 275% from HKD 0.80 on October 9, 2025, to HKD 3.00 on January 27, 2026 [1] - On February 4, 2026, the stock closed at HKD 2.94, reflecting a 268% increase compared to the closing price of HKD 0.80 on October 9, 2025 [1]

Core Viewpoint - The recent inquiry by the Securities and Futures Commission revealed that a significant portion of the company's shares is concentrated among a small number of shareholders, raising concerns about the stock's liquidity and ownership distribution [1] Shareholding Structure - As of January 27, 2026, 20 shareholders collectively hold 176 million shares, representing 17.30% of the company's issued share capital [1] - A major shareholder owns 750 million shares, accounting for 73.53% of the issued share capital, leading to a total of 90.83% of shares held by these two groups [1] - Only 93.54 million shares, or 9.17% of the issued share capital, are held by other shareholders [1] Stock Price Performance - The company's stock price increased by 275% from HKD 0.80 on October 9, 2025, to HKD 3.00 on January 27, 2026 [1] - On February 4, 2026, the stock closed at HKD 2.94, reflecting a 268% increase compared to the closing price of HKD 0.80 on October 9, 2025 [1]