(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） , 3 September 2025 The following document(s) of Net-A-Go Technology Company Limited (the "Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.netago.hk and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively the "Websites"):- • Interim Report 2025 Please provide your email address to the Company via Hong Kong Securities Clearing Company Limited ("HK ...

(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：1483) NOTIFICATION LETTER 通知信函 Dear Shareholder(s), 3 September 2025 Should you have any queries in relation to this letter, please call the Hong Kong Share Registrar at (852) 2849 3399 during business hours from 9:00 a.m. to 5:00 p.m., Monday to Friday, excluding Hong Kong public holidays. By Order of the Board Net-A-Go Technology Company Limited Sang Kangqiao Chairman and Executive Director Note: Corporate Commun ...

[CORPORATE INFORMATION](index=2&type=section&id=CORPORATE%20INFORMATION) [Directors](index=2&type=section&id=Directors) The report details the company's Board of Directors, including executive, non-executive, and independent non-executive directors, along with the composition of its audit, remuneration, and nomination committees - The Board of Directors comprises Executive Directors Mr. Sang Kangqiao (Chairman) and Mr. Xu Wenze, Non-executive Director Ms. Chen Wenting, and Independent Non-executive Directors Mr. Lam Ka Tak, Mr. Xu Zhihao, and Mr. Huang Chengs[3](index=3&type=chunk)[4](index=4&type=chunk) - The Audit Committee is chaired by Mr. Lam Ka Tak, the Remuneration Committee by Mr. Huang Chengs, and the Nomination Committee by Mr. Sang Kangqiao[3](index=3&type=chunk)[4](index=4&type=chunk) [Registered Office and Principal Place of Business](index=3&type=section&id=Registered%20Office%20and%20Principal%20Place%20of%20Business) The company is registered in the Cayman Islands with its principal place of business located in Far East Finance Centre, Harcourt Road, Hong Kong - The company's registered office is in the Cayman Islands, with its principal place of business in Hong Kong at Unit 25B03, 25/F, Far East Finance Centre, 16 Harcourt Road[5](index=5&type=chunk)[6](index=6&type=chunk) [Principal Bankers and Auditor](index=3&type=section&id=Principal%20Bankers%20and%20Auditor) The company's principal bankers include Hang Seng Bank, CITIC Bank International, and ICBC (Asia), with Deloitte Touche Tohmatsu as its auditor - Principal bankers include Hang Seng Bank, CITIC Bank International, and Industrial and Commercial Bank of China (Asia)[6](index=6&type=chunk)[7](index=7&type=chunk) - The auditor is Deloitte Touche Tohmatsu, Certified Public Accountants and Registered Public Interest Entity Auditor[6](index=6&type=chunk)[7](index=7&type=chunk) [Stock Code and Company's Website](index=3&type=section&id=Stock%20Code%20and%20Company%27s%20Website) The company's stock code is **1483**, and its official website is www.netago.hk - The company's stock code is **1483**[6](index=6&type=chunk)[7](index=7&type=chunk) - The company's website is www.netago.hk[6](index=6&type=chunk)[7](index=7&type=chunk) [FINANCIAL HIGHLIGHTS](index=4&type=section&id=FINANCIAL%20HIGHLIGHTS) For the six months ended June 30, 2025, the company's revenue grew **73.0%** to **HK$181 million**, achieving a turnaround to profit from continuing operations and a significant increase in profit attributable to equity holders to **HK$47.535 million** from a loss in the prior period, with no dividends declared 2025 Interim Financial Highlights | Metric | June 30, 2025 (HK$ thousand) | June 30, 2024 (HK$ thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 180,697 | 104,428 | +73.0% | | Profit from Continuing Operations (Attributable to Shareholders) | 22,670 | (4,225) | Turnaround to profit | | Profit Attributable to Equity Holders | 47,535 | (4,811) | Turnaround to profit | | Basic and Diluted EPS from Continuing Operations | 3.1 HK cents | - | - | | Basic and Diluted EPS | 6.4 HK cents | - | - | | Dividend | None | None | - | [INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2025](index=5&type=section&id=INTERIM%20RESULTS%20FOR%20THE%20SIX%20MONTHS%20ENDED%2030%20JUNE%202025) [CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME](index=5&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENT%20OF%20COMPREHENSIVE%20INCOME) For the six months ended June 30, 2025, the company's revenue surged **73.0%** to **HK$181 million**, gross profit increased nearly fourfold, continuing operations achieved a **HK$22.67 million** profit, and discontinued operations recorded a **HK$24.865 million** profit primarily from subsidiary disposal gains, resulting in a **HK$47.349 million** total comprehensive income attributable to equity holders, a turnaround from loss Condensed Consolidated Statement of Comprehensive Income (Six Months Ended June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 180,697 | 104,428 | +73.0% | | Cost of Revenue | (147,258) | (97,334) | +51.3% | | Gross Profit | 33,439 | 7,094 | +371.4% | | General and Administrative Expenses | (27,564) | (12,113) | +127.5% | | Selling and Marketing Expenses | (9,834) | - | New | | Gain/(Loss) on Disposal of Financial Assets at Fair Value Through Profit or Loss | 21,033 | (1,041) | Turnaround to profit | | Fair Value Gain/(Loss) on Financial Assets at Fair Value Through Profit or Loss | 3,696 | 616 | +500.0% | | Operating Profit/(Loss) | 20,940 | (5,801) | Turnaround to profit | | Finance Income – Net | (1,742) | 902 | Loss widened | | Profit/(Loss) Before Income Tax | 19,198 | (4,899) | Turnaround to profit | | Income Tax Expense | (808) | (2,179) | -62.9% | | Profit/(Loss) from Continuing Operations | 18,390 | (7,078) | Turnaround to profit | | Profit/(Loss) from Discontinued Operations | 24,865 | (586) | Turnaround to profit | | Profit/(Loss) for the Period | 43,255 | (7,664) | Turnaround to profit | | Profit/(Loss) Attributable to Owners of the Company | 47,535 | (4,811) | Turnaround to profit | | Non-controlling Interests | (4,280) | (2,853) | +50.0% | | Total Comprehensive Income/(Expense) Attributable to Owners of the Company | 47,349 | (9,957) | Turnaround to profit | [CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION](index=9&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENT%20OF%20FINANCIAL%20POSITION) As of June 30, 2025, total assets slightly increased, non-current assets decreased due to reduced intangible and deferred tax assets, while current assets significantly grew, driven by trade receivables and cash and cash equivalents, leading to an increase in total equity and a slight decrease in total liabilities from reduced non-current liabilities Condensed Consolidated Statement of Financial Position (As of June 30) | Metric | June 30, 2025 (HK$ thousand) | Dec 31, 2024 (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | | **ASSETS** | | | | | Total Non-current Assets | 307,164 | 388,820 | -21.0% | | Property, Plant and Equipment | 2,160 | 4,585 | -52.9% | | Deferred Tax Assets | - | 6,137 | -100.0% | | Intangible Assets | 282,985 | 356,714 | -20.7% | | Total Current Assets | 675,068 | 588,688 | +14.7% | | Trade Receivables | 209,080 | 140,731 | +48.6% | | Financial Assets at Fair Value Through Profit or Loss | 35,275 | 94,707 | -62.8% | | Cash and Cash Equivalents | 324,702 | 210,486 | +54.3% | | **TOTAL ASSETS** | **982,232** | **977,508** | **+0.5%** | | **EQUITY** | | | | | Equity Attributable to Owners of the Company | 346,746 | 317,820 | +9.1% | | Non-controlling Interests | 26,314 | 30,594 | -14.0% | | **TOTAL EQUITY** | **373,060** | **348,414** | **+7.1%** | | **LIABILITIES** | | | | | Total Non-current Liabilities | 83,418 | 182,244 | -54.2% | | Total Current Liabilities | 525,754 | 446,850 | +17.7% | | Trade Payables | 40,013 | 14,425 | +177.4% | | Shareholder Loans | 122,016 | 119,085 | +2.5% | | Related Party Loans | 3,512 | 11,277 | -68.9% | | **TOTAL LIABILITIES** | **609,172** | **629,094** | **-3.2%** | | **TOTAL EQUITY AND LIABILITIES** | **982,232** | **977,508** | **+0.5%** | [CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY](index=12&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENT%20OF%20CHANGES%20IN%20EQUITY) For the six months ended June 30, 2025, equity attributable to owners increased from **HK$318 million** at the beginning of the period to **HK$347 million**, primarily due to profit contributions, despite share repurchases and currency translation differences Condensed Consolidated Statement of Changes in Equity (Six Months Ended June 30) | Metric | June 30, 2025 (HK$ thousand) | Jan 1, 2024 (HK$ thousand) | Change (HK$ thousand) | | :--- | :--- | :--- | :--- | | **Equity Attributable to Owners of the Company** | | | | | Share Capital | 7,395 | 7,950 | (555) | | Share Premium | 559,440 | 628,837 | (69,397) | | Reserves | (220,089) | (318,967) | 98,878 | | **Subtotal** | **346,746** | **317,820** | **28,926** | | Non-controlling Interests | 26,314 | 30,594 | (4,280) | | **Total Equity** | **373,060** | **348,414** | **24,646** | | Profit/(Loss) for the Period | 47,535 | (4,811) | 52,346 | | Currency Translation Differences | (186) | (5,146) | 4,960 | | Shares Repurchased | (69,952) | - | (69,952) | | Disposal of Subsidiaries | 52,404 | - | 52,404 | [CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS](index=13&type=section&id=CONDENSED%20CONSOLIDATED%20STATEMENT%20OF%20CASH%20FLOWS) For the six months ended June 30, 2025, net cash outflow from operating activities decreased, net cash inflow from investing activities significantly increased, and net cash flow from financing activities shifted from inflow to outflow, with cash and cash equivalents notably rising **54.3%** to **HK$325 million** at period-end Condensed Consolidated Statement of Cash Flows (Six Months Ended June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | | :--- | :--- | :--- | :--- | | Net Cash (Outflow)/Inflow from Operating Activities | (23,561) | (71,205) | 47,644 | | Net Cash Inflow from Investing Activities | 139,967 | 13,472 | 126,495 | | Net Cash Inflow/(Outflow) from Financing Activities | (10,848) | 115,889 | (126,737) | | Increase/(Decrease) in Cash and Cash Equivalents | 105,558 | 58,156 | 47,402 | | Cash and Cash Equivalents at Beginning of Period | 210,486 | 245,234 | (34,748) | | Currency Translation Differences | 8,658 | (1,874) | 10,532 | | Cash and Cash Equivalents at End of Period | 324,702 | 301,516 | 23,206 | [NOTES TO THE INTERIM FINANCIAL INFORMATION](index=14&type=section&id=NOTES%20TO%20THE%20INTERIM%20FINANCIAL%20INFORMATION) [1. GENERAL INFORMATION](index=14&type=section&id=1.%20GENERAL%20INFORMATION) The company was incorporated in the Cayman Islands in 2013 and listed on the Main Board of the Hong Kong Stock Exchange, primarily engaged in investment holding, with subsidiaries in media advertising and marketing, environmental maintenance, and trading businesses - The company was incorporated in the Cayman Islands on June 20, 2013, and listed on the Main Board of The Stock Exchange of Hong Kong[40](index=40&type=chunk)[41](index=41&type=chunk)[43](index=43&type=chunk) - Its principal business is investment holding, with subsidiaries engaged in media advertising and marketing, environmental maintenance, and trading businesses[41](index=41&type=chunk)[43](index=43&type=chunk) [2. BASIS OF PREPARATION AND MATERIAL ACCOUNTING POLICIES](index=15&type=section&id=2.%20BASIS%20OF%20PREPARATION%20AND%20MATERIAL%20ACCOUNTING%20POLICIES) The interim financial information is prepared in accordance with HKAS 34 and the historical cost convention, with accounting policies consistent with the 2024 annual consolidated financial statements, except for new HKFRS amendments effective this period - The interim financial information is prepared in accordance with Hong Kong Accounting Standard 34 'Interim Financial Reporting' and on a historical cost basis[44](index=44&type=chunk)[45](index=45&type=chunk)[46](index=46&type=chunk) - This period, the Group first applied amendments to Hong Kong Financial Reporting Standards issued by the HKICPA, which had no significant impact on the financial position and performance[48](index=48&type=chunk)[49](index=49&type=chunk) [3. SEGMENT INFORMATION](index=17&type=section&id=3.%20SEGMENT%20INFORMATION) The company's continuing operations are segmented into environmental maintenance, media advertising and marketing, and trading, with media advertising and marketing revenue significantly increasing this period while environmental maintenance revenue declined, and property leasing and medical device sales businesses were disposed of and classified as discontinued operations - The Group's continuing operations are divided into three segments: environmental maintenance, media advertising and marketing, and trading businesses[54](index=54&type=chunk)[55](index=55&type=chunk) - The property leasing business was disposed of during

公司名稱: 網譽科技有限公司 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) | 01483 | 說明 | 網譽科技 | | | | | | | | | | 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 100,000,000 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 ...

Group 1 - The company, Wangyu Technology (01483), reported a revenue of HKD 181 million for the six months ending June 30, 2025, representing a year-on-year increase of 73.04% [1] - The company achieved a profit attributable to shareholders of HKD 47.535 million, compared to a loss of HKD 4.811 million in the same period last year, marking a turnaround to profitability [1] - The basic earnings per share were reported at HKD 0.064 [1]

Group 1 - The company reported a revenue of approximately HKD 180 million for the six months ending June 30, 2025, representing a 73.0% increase compared to the same period last fiscal year [1] - The profit attributable to equity holders was HKD 47.535 million, a significant turnaround from a loss of HKD 4.811 million in the same period last year [1] - Basic and diluted earnings per share for continuing operations during the interim period were HKD 0.031 [1] Group 2 - The basic and diluted earnings per share, based on the weighted average number of ordinary shares, were HKD 0.064 for the interim period [1] - The company did not declare any interim dividends for the period [1]

Group 1 - The company, Wangyu Technology (01483), reported a revenue of HKD 181 million for the six months ending June 30, 2025, representing a year-on-year increase of 73.04% [1] - The company achieved a profit attributable to shareholders of HKD 47.535 million, compared to a loss of HKD 4.811 million in the same period last year, marking a turnaround to profitability [1] - The basic earnings per share for the company were HKD 0.064 [1]

[Financial Highlights](index=1&type=section&id=%E8%B2%A1%E5%8B%99%E6%91%98%E8%A6%81) NET-A-GO TECHNOLOGY LIMITED reported **73.0%** revenue growth and a shift from loss to profit for H1 2025, with **6.4 HK Cents** basic and diluted EPS - No interim dividend declared for the period[2](index=2&type=chunk) Interim Financial Highlights | Metric | Six Months Ended June 30, 2025 (HKD Thousand) | Prior Period (HKD Thousand) | Change Rate | |---|---|---|---| | Revenue | 180,697 | 104,428 | +73.0% | | Profit/(Loss) attributable to equity holders of the Company from continuing operations | 22,670 | (4,225) | Turned from loss to profit | | Profit/(Loss) attributable to equity holders of the Company | 47,535 | (4,811) | Turned from loss to profit | | Basic and diluted earnings per share (HK Cents) | 6.4 | (0.6) | Turned from loss to profit | [Condensed Consolidated Statement of Comprehensive Income](index=2&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) The condensed consolidated statement of comprehensive income shows significant revenue and gross profit growth, with operating profit turning from loss to profit Condensed Consolidated Statement of Comprehensive Income (For the Six Months Ended June 30) | Metric | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change | Change Rate | |---|---|---|---|---| | Revenue | 180,697 | 104,428 | +76,269 | +73.0% | | Cost of Revenue | (147,258) | (97,334) | (49,924) | +51.3% | | Gross Profit | 33,439 | 7,094 | +26,345 | +371.4% | | Operating Profit/(Loss) | 20,940 | (5,801) | +26,741 | Turned from loss to profit | | Profit/(Loss) from continuing operations for the period | 18,390 | (7,078) | +25,468 | Turned from loss to profit | | Profit/(Loss) from discontinued operations for the period | 24,865 | (586) | +25,451 | Turned from loss to profit | | Profit/(Loss) attributable to equity holders of the Company | 47,535 | (4,811) | +52,346 | Turned from loss to profit | | Basic and diluted EPS (HK Cents) - Continuing operations | 3.1 | (0.5) | +3.6 | Turned from loss to profit | | Basic and diluted EPS (HK Cents) - Discontinued operations | 3.3 | (0.1) | +3.4 | Turned from loss to profit | | Basic and diluted EPS (HK Cents) - Total | 6.4 | (0.6) | +7.0 | Turned from loss to profit | [Condensed Consolidated Statement of Financial Position](index=5&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) Total assets slightly increased by June 30, 2025, driven by current asset growth, while non-current assets decreased, and total equity and liabilities varied Condensed Consolidated Statement of Financial Position (As at June 30, 2025) | Metric | June 30, 2025 (HKD Thousand) | December 31, 2024 (HKD Thousand) | Change | Change Rate | |---|---|---|---|---| | Total Non-current Assets | 307,164 | 388,820 | (81,656) | -21.0% | | Total Current Assets | 675,068 | 588,688 | +86,380 | +14.7% | | Total Assets | 982,232 | 977,508 | +4,724 | +0.5% | | Total Equity | 373,060 | 348,414 | +24,646 | +7.1% | | Total Non-current Liabilities | 83,418 | 182,244 | (98,826) | -54.2% | | Total Current Liabilities | 525,754 | 446,850 | +78,904 | +17.7% | | Total Liabilities | 609,172 | 629,094 | (19,922) | -3.2% | [Condensed Consolidated Statement of Changes in Equity](index=7&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%AC%8A%E7%9B%8A%E8%AE%8A%E5%8B%95%E8%A1%A8) Total equity increased to **HKD 373,060 thousand** by June 30, 2025, driven by profit and disposal gains, partially offset by share repurchases - Profit for the period **HKD 47,535 thousand** significantly increased equity[8](index=8&type=chunk) - Share repurchases resulted in a reduction in share capital and share premium of **HKD 69,952 thousand**[8](index=8&type=chunk) - Disposal of subsidiaries generated a gain of **HKD 52,404 thousand**[8](index=8&type=chunk) Condensed Consolidated Statement of Changes in Equity (For the Six Months Ended June 30, 2025) | Metric | Balance as at January 1, 2025 (HKD Thousand) | Profit/(Loss) for the period (HKD Thousand) | Other comprehensive loss (HKD Thousand) | Share Repurchases (HKD Thousand) | Disposal of Subsidiaries (HKD Thousand) | Balance as at June 30, 2025 (HKD Thousand) | |---|---|---|---|---|---|---| | Total (Equity attributable to owners of the Company) | 317,820 | 47,535 | (186) | (69,952) | 52,404 | 346,746 | | Total Equity | 348,414 | 43,255 | (186) | (69,952) | 52,404 | 373,060 | [Notes to the Interim Financial Information](index=8&type=section&id=%E4%B8%AD%E6%9C%9F%E8%B2%A1%E5%8B%99%E8%B3%87%E6%96%99%E9%99%84%E8%A8%BB) This section details the basis of preparation, accounting policies, segment information, revenue, expenses, taxes, discontinued operations, EPS, receivables, payables, financial assets, and related party transactions [1. General Information](index=8&type=section&id=1.%20%E4%B8%80%E8%88%AC%E8%B3%87%E6%96%99) NET-A-GO TECHNOLOGY LIMITED, incorporated in the Cayman Islands and listed in Hong Kong, primarily engages in media advertising, environmental protection, and trading - The Company is incorporated in the Cayman Islands with its principal place of business in Hong Kong[9](index=9&type=chunk) - The Company is listed on the Main Board of The Stock Exchange of Hong Kong Limited[10](index=10&type=chunk) - Principal businesses include media advertising and marketing, environmental protection, and trading[10](index=10&type=chunk) [2. Basis of Preparation and Significant Accounting Policies](index=8&type=section&id=2.%20%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96%E5%8F%8A%E9%87%8D%E5%A4%A7%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96) The condensed consolidated interim financial information is prepared under HKAS 34 using historical cost, with new IFRS amendments having no material impact - The condensed consolidated interim financial information is prepared in accordance with Hong Kong Accounting Standard 34 'Interim Financial Reporting'[11](index=11&type=chunk) - Prepared on a historical cost basis[11](index=11&type=chunk) - The adopted amendments to IFRS had **no material impact** on the Group's financial position and performance for the current and prior periods[12](index=12&type=chunk) [2.1 New Accounting Standards and Accounting Changes](index=9&type=section&id=2.1%20%E6%96%B0%E6%9C%83%E8%A8%88%E6%BA%96%E5%89%87%E5%8F%8A%E6%9C%83%E8%A8%88%E8%AE%8A%E5%8B%95) New IFRS amendments, including IAS 21 and IFRS 21 (Amendments) 'Lack of Exchangeability', were applied with no material impact on financial position or performance - IAS 21 and IFRS 21 (Amendments) 'Lack of Exchangeability' were first applied in this interim period[12](index=12&type=chunk) - The application of new accounting standards had **no material impact** on the Group's financial position and performance for the current and prior periods[12](index=12&type=chunk) [3. Segment Information](index=9&type=section&id=3.%20%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) The Group operates three continuing segments: environmental protection, media advertising, and trading, with property leasing and medical device sales classified as discontinued operations - The Group operates three continuing segments: environmental protection business, media advertising and marketing business, and trading business[13](index=13&type=chunk)[14](index=14&type=chunk) - Property leasing business and medical device sales business have been disposed of and classified as discontinued operations[13](index=13&type=chunk) [3. (a) Segment Revenue and Results Analysis](index=10&type=section&id=3.%20(a)%20%E5%88%86%E9%83%A8%E6%94%B6%E5%85%A5%E5%8F%8A%E6%A5%AD%E7%B8%BE%E5%88%86%E6%9E%90) Segment revenue and results show significant media advertising growth, trading profit from financial assets, declining environmental protection revenue, and substantial discontinued operations profit from disposal - Media advertising and marketing business revenue significantly increased from **HKD 3,791 thousand** to **HKD 128,191 thousand**, achieving **significant growth**[15](index=15&type=chunk) - Profit from trading business primarily derived from gains on financial assets at fair value through profit or loss and disposal gains[15](index=15&type=chunk) Segment Revenue and Results (For the Six Months Ended June 30) | Segment | 2025 Revenue (HKD Thousand) | 2024 Revenue (HKD Thousand) | 2025 Profit/(Loss) (HKD Thousand) | 2024 Profit/(Loss) (HKD Thousand) | |---|---|---|---|---| | Environmental Protection Business | 36,040 | 81,351 | 2,398 | 8,464 | | Media Advertising and Marketing Business | 128,191 | 3,791 | (10,488) | (14,326) | | Trading Business | 16,466 | 19,286 | 29,238 | 2,161 | | Discontinued Operations | 1,176 | 4,324 | 24,865 | (586) | [3. (b) Segment Assets and Liabilities](index=10&type=section&id=3.%20(b)%20%E5%88%86%E9%83%A8%E8%B3%87%E7%94%A2%E5%8F%8A%E8%B2%A0%E5%82%B5) Segment assets and liabilities analysis shows slight environmental protection asset increase, stable media advertising, decreased trading assets and liabilities, and no assets or liabilities for discontinued operations - Assets and liabilities of discontinued operations were **cleared to zero** in the current period[17](index=17&type=chunk) Segment Assets and Liabilities (As at June 30, 2025) | Segment | Assets as at June 30, 2025 (HKD Thousand) | Assets as at December 31, 2024 (HKD Thousand) | Liabilities as at June 30, 2025 (HKD Thousand) | Liabilities as at December 31, 2024 (HKD Thousand) | |---|---|---|---|---| | Environmental Protection Business | 163,142 | 143,780 | 42,012 | 47,386 | | Media Advertising and Marketing Business | 399,789 | 404,575 | 357,996 | 368,887 | | Trading Business | 82,170 | 136,774 | 8,523 | 6,405 | | Discontinued Operations | – | 70,212 | – | 16,288 | [3. (c) Geographical Information](index=11&type=section&id=3.%20(c)%20%E5%9C%B0%E5%8D%80%E8%B3%87%E6%96%99) Continuing operations revenue primarily from China showed significant growth, while Hong Kong revenue slightly decreased, and discontinued operations revenue also mainly came from China - Revenue from continuing operations in China **nearly doubled year-on-year**[18](index=18&type=chunk) - No single customer accounted for more than **10%** of total revenue in the current period[19](index=19&type=chunk) Geographical Segment Revenue (For the Six Months Ended June 30) | Region | 2025 (HKD Thousand) | 2024 (HKD Thousand) | |---|---|---| | Continuing Operations - China | 164,230 | 86,334 | | Continuing Operations - Hong Kong | 16,467 | 18,094 | | Discontinued Operations - China | 1,176 | 4,324 | [4. Revenue](index=12&type=section&id=4.%20%E6%94%B6%E5%85%A5) Total revenue was approximately **HKD 180,697 thousand**, a **73.0%** year-on-year increase, primarily driven by substantial growth in media advertising and marketing revenue - Advertising revenue from media advertising and marketing business was the **primary driver** of revenue growth in the current period[20](index=20&type=chunk) Revenue Breakdown (For the Six Months Ended June 30) | Business Segment | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change Rate | |---|---|---|---| | Media Advertising and Marketing Business (Advertising revenue) | 128,191 | 3,791 | +3280.0% | | Environmental Protection Business (Service revenue) | 36,040 | 81,351 | -55.7% | | Trading Business (Cosmetics trading) | 16,466 | 19,142 | -14.0% | | Discontinued Operations (Property leasing) | 1,176 | 996 | +18.1% | [Contract Assets from Customer Contracts](index=13&type=section&id=%E5%AE%A2%E6%88%B6%E5%90%88%E7%B4%84%E7%9B%B8%E9%97%9C%E4%B9%8B%E8%B3%87%E7%94%A2) Total contract assets increased to **HKD 46,398 thousand** by June 30, 2025, mainly due to growth in media advertising and marketing business - Non-current contract assets of **HKD 13,706 thousand** originated from an eight-year service contract in the environmental protection business, not yet converted to trade receivables[21](index=21&type=chunk) Contract Assets (HKD Thousand) | Category | June 30, 2025 | December 31, 2024 | |---|---|---| | Environmental Protection Business | 28,806 | 28,806 | | Media Advertising and Marketing Business | 32,779 | 21,081 | | Total Contract Assets (net of loss allowance) | 46,398 | 34,700 | [5. General and Administrative Expenses](index=14&type=section&id=5.%20%E4%B8%80%E8%88%AC%E5%8F%8A%E8%A1%8C%E6%94%BF%E8%B2%BB%E7%94%A8) General and administrative expenses significantly increased to approximately **HKD 27,564 thousand**, primarily due to higher staff costs from media advertising and marketing business expansion - Staff salaries and allowances **significantly increased**, mainly due to the expansion of the media advertising and marketing business[23](index=23&type=chunk) General and Administrative Expenses (For the Six Months Ended June 30) | Item | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change Rate | |---|---|---|---| | Staff salaries and allowances | 26,250 | 6,554 | +300.5% | | Total | 27,564 | 12,113 | +127.5% | [6. Finance Income – Net](index=14&type=section&id=6.%20%E8%B2%A1%E5%8B%99%E6%94%B6%E5%85%A5%EF%BC%8D%E6%B7%A8%E9%A1%8D) Net finance income turned to a net expense of **HKD 1,742 thousand**, primarily due to a substantial increase in finance costs from shareholder and related party loans - Finance costs primarily include interest expenses on shareholder loans and related party loans, increasing by approximately **249%** year-on-year[24](index=24&type=chunk) Finance Income – Net (For the Six Months Ended June 30) | Item | 2025 (HKD Thousand) | 2024 (HKD Thousand) | |---|---|---| | Finance income | 2,459 | 2,106 | | Finance costs | (4,201) | (1,204) | | Finance income – net | (1,742) | 902 | [7. Income Tax Expense](index=14&type=section&id=7.%20%E6%89%80%E5%BE%97%E7%A8%85%E9%96%8B%E6%94%AF) Income tax expense decreased to **HKD 808 thousand**, entirely from China corporate income tax, with no Hong Kong profits tax, and mainland China subsidiaries subject to a **25%** tax rate - Hong Kong profits tax is provided at a **16.5%** rate, and mainland China corporate income tax at a **25%** rate[25](index=25&type=chunk) Income Tax Expense (For the Six Months Ended June 30) | Item | 2025 (HKD Thousand) | 2024 (HKD Thousand) | |---|---|---| | China corporate income tax | 808 | 2,179 | [8. Discontinued Operations](index=15&type=section&id=8.%20%E7%B5%82%E6%AD%A2%E7%B6%93%E7%87%9F%E6%A5%AD%E5%8B%99) The Group completed the disposal of its property leasing business and previously sold its medical device sales business, both classified as discontinued operations, with the property leasing disposal generating significant gain - The property leasing business disposal was completed on **June 30, 2025**, for a consideration of approximately **HKD 77,525 thousand**[26](index=26&type=chunk) - The medical device sales business (Youmitai) disposal was completed on **August 1, 2024**, for a consideration of approximately **HKD 24,648 thousand**[28](index=28&type=chunk) [8. (a) Proposed Disposal of Property Leasing Business](index=15&type=section&id=8.%20(a)%20%E6%93%AC%E5%87%BA%E5%94%AE%E7%89%A9%E6%A5%AD%E7%A7%9F%E8%B3%83%E6%A5%AD%E5%8B%99) The Group disposed of its property leasing business for approximately **HKD 77,525 thousand**, completed by **June 30, 2025**, generating a gain of **HKD 24,226 thousand** - A gain of **HKD 24,226 thousand** arose from the disposal of the subsidiary[27](index=27&type=chunk) Property Leasing Disposal Group Results (For the Six Months Ended June 30) | Metric | 2025 (HKD Thousand) | 2024 (HKD Thousand) | |---|---|---| | Revenue | 1,176 | 996 | | Profit after tax from discontinued operations | 639 | 389 | [8. (b) Disposal of Medical Device Sales Business](index=17&type=section&id=8.%20(b)%20%E5%87%BA%E5%94%AE%E9%86%AB%E7%99%82%E5%99%A8%E6%A2%B0%E9%8A%B7%E5%94%AE%E6%A5%AD%E5%8B%99) The Group completed the disposal of **90%** equity in Shanghai Youmitai Medical Technology Co., Ltd. for approximately **HKD 24,648 thousand** on **August 1, 2024**, classified as a discontinued operation Youmitai Results (For the Six Months Ended June 30, 2024) | Metric | 2024 (HKD Thousand) | |---|---| | Revenue | 3,328 | | Loss from discontinued operations for the period | (975) | [9. Dividends](index=18&type=section&id=9.%20%E8%82%A1%E6%81%AF) The Board does not recommend the payment of an interim dividend for the current period, consistent with the prior period - The Directors do not recommend the payment of an **interim dividend** for the interim period[30](index=30&type=chunk) [10. Earnings/(Loss) Per Share](index=18&type=section&id=10.%20%E6%AF%8F%E8%82%A1%E6%BA%A2%E5%88%A9%E2%88%95%EF%BC%88%E虧%E6%90%8D%EF%BC%89) Basic and diluted earnings per share significantly improved to **6.4 HK Cents**, compared to a loss of **0.6 HK Cents** in the prior period Earnings/(Loss) Per Share (For the Six Months Ended June 30) | Metric | 2025 (HKD Thousand/Thousand Shares/HKD) | 2024 (HKD Thousand/Thousand Shares/HKD) | |---|---|---| | Profit/(Loss) attributable to owners of the Company | 47,535 | (4,811) | | Weighted average number of ordinary shares in issue | 746,341 | 769,817 | | Earnings/(Loss) per share | 0.064 | (0.006) | [10. (a) Basic](index=18&type=section&id=10.%20(a)%20%E5%9F%BA%E6%9C%AC) Basic earnings per share, calculated using profit attributable to owners and weighted average ordinary shares, was **HKD 0.064** for the period - Basic earnings per share was **HKD 0.064**, compared to a loss per share of **HKD 0.006** in the prior period[32](index=32&type=chunk) [10. (b) Diluted](index=18&type=section&id=10.%20(b)%20%E6%攤%E8%96%84) Diluted earnings per share equals basic earnings per share as share options had no dilutive effect on loss per share - Diluted earnings per share for the period equals basic earnings per share as share options had **no dilutive effect**[33](index=33&type=chunk) [11. Trade Receivables](index=19&type=section&id=11.%20%E8%B2%A3%E6%98%93%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85) Total trade receivables increased by **48.6%** to **HKD 209

Group 1 - The core point of the article indicates that NetEase Technology (01483) has seen a significant shareholder transfer of stocks, with a market value of HKD 247 million, representing 26.83% of the total shares [1] - On August 12, NetEase Technology announced an expected profit for the first half of 2025, projecting an unaudited profit attributable to shareholders of approximately HKD 41.9 million to HKD 51.9 million, compared to an unaudited loss of approximately HKD 4.8 million for the same period in 2024 [1]

Group 1 - The core viewpoint of the article highlights the significant stock transfer of NetEase Technology (01483) from Roadshow Securities to China Merchants International Securities, with a market value of HKD 247 million, representing 26.83% of the total shares [1] - On August 12, NetEase Technology announced an expected unaudited profit attributable to equity holders of approximately HKD 41.9 million to HKD 51.9 million for the first half of 2025, contrasting with an expected unaudited loss of approximately HKD 4.8 million for the same period in 2024 [1]