FF301 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: 2026年1月31日 狀態: 新提交 公司名稱: 皇庭智家控股有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2026年2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) | 01575 | 說明 | 普通股 | | | | | | | | | 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 | USD | | 0.001 USD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.001 USD | | 10,000,000 | 本月底法定/註冊股本總額： ...

Core Viewpoint - The Hong Kong Stock Exchange has taken disciplinary action against two former directors of Royalty Smart Home Holdings Limited for non-compliance with investigations related to breaches of listing rules [1] Group 1: Disciplinary Actions - The Hong Kong Stock Exchange issued a statement regarding the unsuitability of former chairman and CEO Mr. Zou Ge Bing and former executive director Mr. Shen Zhi Dong [1] - Both individuals were found to have violated listing rules by failing to cooperate with the Hong Kong Stock Exchange's investigations [1] Group 2: Investigations - The investigations involved two separate inquiries into the company, with findings indicating that Mr. Zou and Mr. Shen had breached their duties and responsibilities as directors [1] - The breaches were related to a guarantee provided for debts owed by a company privately held by Mr. Zou, which was linked to a subsidiary of Royalty Smart Home [1] Group 3: Non-Compliance - Following the conclusion of the first investigation, the Hong Kong Stock Exchange initiated a second investigation upon discovering potential violations of other listing rules by the company's directors [1] - Mr. Zou only partially responded to the inquiries from the Hong Kong Stock Exchange and failed to provide updated contact information as required, while Mr. Shen did not provide any substantial response [1]

Group 1 - The Hong Kong Stock Exchange has taken disciplinary action against two former directors of Royal Home Holdings Limited, citing non-compliance with investigations [1] - The Exchange issued a statement declaring that both Mr. Zou and Mr. Shen are unsuitable to serve as directors or senior management of the company or its subsidiaries [1] - The disciplinary actions stem from their involvement in two separate investigations by the Hong Kong Stock Exchange regarding violations of the Listing Rules [1] Group 2 - The first investigation revealed that Mr. Zou and Mr. Shen violated their duties and responsibilities as directors by providing guarantees for debts owed by a company owned by Mr. Zou [2] - As part of the second investigation, the Exchange sent inquiry letters to both Mr. Zou and Mr. Shen, but Mr. Zou only partially responded, and Mr. Shen did not provide any substantial response [2]

香港聯合交易所有限公司 (香港交易及結算所有限公司全資附屬公司) THE STOCK EXCHANGE OF HONG KONG LIMITED (A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited) 紀律行動聲明 聯交所對皇庭智家控股有限公司（前稱慕容家居控股有限公司） （股份 代號：1575）兩名前任董事的紀律行動 制裁 香港聯合交易所有限公司（聯交所） (1) 前主席、執行董事兼行政總裁鄒格兵先生（鄒先生）；及 (2) 前執行董事沈志東先生（沈先生）。 向皇庭智家控股有限公司（前稱慕容家居控股有限公司）（該公司）的下列前任董事作出董 事不適合性聲明及譴責： （鄒先生及沈先生統稱董事）。 董事不適合性聲明是指聯交所認為，鄒先生及沈先生均不適合擔任該公司或其任何附屬公 司的董事或高級管理階層職務。 實況概要 在 2025 年 1 月，聯交所分別對鄒先生和沈先生作出損害投資者權益聲明及公開譴責，原因 是他們違反了《上市規則》規定，涉及在 2021 年 10 月由該公司附屬公司為鄒先生私人持 有的公司所結欠第三方約人民幣 2 ...

FF301 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12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: 皇庭智家控股有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2026年1月5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) | 01575 | 說明 | 普通股 | | | | | | | | | 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 | USD | | 0.001 USD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.001 USD | | 10,000,000 ...

FF301 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12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: 皇庭智家控股有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2026年1月5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) | 01575 | 說明 | 普通股 | | | | | | | | | 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 | USD | | 0.001 USD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.001 USD | | 10,000,000 ...

FF301 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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 皇庭智家控股有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2025年12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) | 01575 | 說明 | 普通股 | | | | | | | | | | 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 | USD | | 0.001 | USD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.001 | ...

FF301 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: 皇庭智家控股有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2025年11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) | 01575 | 說明 | 普通股 | | | | | | | | | | 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 | USD | | 0.001 | USD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.001 | ...

FF301 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 公司名稱: 皇庭智家控股有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2025年10月6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) | 01575 | 說明 | 普通股 | | | | | | | | | 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 | USD | | 0.001 USD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.001 USD | | 10,000,000 ...

Financial Performance - Revenue decreased by approximately 44.2% to approximately RMB 41.9 million for the six months ended 30 June 2025, compared to approximately RMB 75.1 million for the same period in 2024[13]. - Gross profit for the six months ended 30 June 2025 was approximately RMB 11.2 million, down from approximately RMB 20.3 million for the same period in 2024[13]. - Loss for the period decreased by approximately 67.1% to approximately RMB 30.4 million for the six months ended 30 June 2025, compared to approximately RMB 92.3 million for the same period in 2024[13]. - Basic loss per share was approximately RMB 0.97 cents for the six months ended 30 June 2025, down from approximately RMB 3.45 cents for the same period in 2024[13]. - Total comprehensive loss for the period was approximately RMB 30.0 million for the six months ended 30 June 2025, compared to approximately RMB 91.6 million for the same period in 2024[14]. - Total comprehensive loss attributable to owners of the Company decreased to RMB 28,571,000 for the six months ended June 30, 2025, compared to RMB 91,595,000 in 2024, indicating a reduction of about 68.8%[15]. - The total comprehensive income for the period was reported as a loss of RMB 28,571,000[18]. - The Group's total revenue decreased by approximately 44.2% to approximately RMB 41.9 million for the six months ended June 30, 2025, compared to approximately RMB 75.1 million in the same period in 2024[156]. - The net loss for the Group was approximately RMB 30.4 million, a reduction of 67.1% from a net loss of approximately RMB 92.3 million in 2024[161]. Expenses and Costs - Selling and distribution expenses decreased to approximately RMB 8.4 million for the six months ended 30 June 2025, compared to approximately RMB 21.0 million for the same period in 2024[14]. - Administrative expenses remained relatively stable at approximately RMB 22.1 million for the six months ended 30 June 2025, compared to approximately RMB 22.3 million for the same period in 2024[14]. - Finance costs increased to approximately RMB 11.0 million for the six months ended 30 June 2025, compared to approximately RMB 8.0 million for the same period in 2024[14]. - The cost of sales decreased by approximately 44.0%, from approximately RMB 54.8 million for the six months ended 30 June 2024 to approximately RMB 30.7 million for the corresponding period in 2025, aligning with the decrease in revenue[167][171]. - Gross profit declined by approximately 44.8%, from approximately RMB 20.3 million in the first half of 2024 to approximately RMB 11.2 million in the first half of 2025, with a slight decrease in gross profit margin from 27.0% to 26.7%[168][172]. Assets and Liabilities - Total non-current assets decreased to RMB 21,648,000 as of June 30, 2025, down from RMB 24,390,000 as of December 31, 2024, reflecting a decline of approximately 11.3%[16]. - Total current assets decreased to RMB 158,722,000 as of June 30, 2025, compared to RMB 172,960,000 as of December 31, 2024, representing a decrease of about 8.2%[16]. - Total current liabilities decreased to RMB 349,981,000 as of June 30, 2025, down from RMB 359,235,000 as of December 31, 2024, indicating a reduction of approximately 2.9%[16]. - Net current liabilities increased to RMB (191,259,000) as of June 30, 2025, compared to RMB (186,275,000) as of December 31, 2024, reflecting a deterioration of about 2.6%[16]. - Total non-current liabilities decreased to RMB 68,905,000 as of June 30, 2025, from RMB 72,839,000 as of December 31, 2024, indicating a decline of approximately 5.4%[17]. - The deficit in equity attributable to owners of the Company was RMB (236,134,000) as of June 30, 2025, compared to RMB (233,794,000) as of December 31, 2024, showing a slight increase in deficit[17]. - Consolidated assets decreased to RMB 180,370,000 as of June 30, 2025, down from RMB 197,350,000 as of December 31, 2024, representing a decline of approximately 8.6%[64]. Cash Flow and Financing - For the six months ended June 30, 2025, net cash generated from operating activities was RMB 6,021,000, compared to a cash used of RMB 20,372,000 in the same period of 2024[31]. - Cash flow from investing activities resulted in a net cash used of RMB 1,017,000, an increase from RMB 62,000 used in the previous year[31]. - The company reported a net cash used in financing activities of RMB 3,938,000, contrasting with a net cash generated of RMB 23,653,000 in the same period last year[31]. - The total cash and cash equivalents at the beginning of the period were RMB 3,999,000, down from RMB 4,753,000 in the previous year[31]. - The company’s cash and bank balances at the end of the period were RMB 4,778,000, compared to RMB 7,487,000 in the previous year[31]. - The Group's interest-bearing bank and other borrowings amounted to approximately RMB 121.9 million, with loan from shareholders at approximately RMB 108.5 million[177][181]. - The Group plans to obtain external funding to improve working capital and liquidity[47]. - The Group aims to improve its working capital and liquidity through external funding and cost control measures[195][197]. Market and Operational Strategy - The Group strategically shifted focus to its export business, ceasing all retail operations in China and Hong Kong as of June 2025[154]. - The Group adopted a more agile production strategy by diversifying its manufacturing footprint beyond China, including a new facility in Southeast Asia[148]. - The Group's operational strategy included a shift from traditional offline furniture retail to online sales platforms, enhancing supply chain and logistics efficiency[148]. - The Group participated in prominent offline furniture exhibitions in the U.S. to maintain market presence and capture emerging opportunities[150]. - The decrease in revenue was attributed to macroeconomic factors such as inflation and rising interest rates, impacting consumer disposable income and demand for furniture[156]. Shareholder and Management Support - The controlling shareholder, Mr. Tse Kam Pang, provided an unsecured loan facility of up to HK$ 200,000,000, with an unutilized portion of approximately HK$ 61,424,000 as of 30 June 2025[40]. - Mr. Tse Kam Pang will not demand repayment of loans amounting to approximately RMB 108,497,000 for the next twelve months[40]. - The financial capacity of Mr. Tse Kam Pang to provide continuous support is critical for the Group's operations in the next twelve months[51]. Uncertainties and Risks - There are material uncertainties regarding the Group's ability to continue as a going concern due to ongoing execution of plans and measures[48]. - The Group's ability to continue as a going concern is uncertain and depends on successful implementation of financial support and funding strategies[194][199]. - There are material uncertainties regarding the Group's ability to realize its assets and discharge its liabilities in the normal course of business[194].