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 容而引致之任何損失承擔任何責任。 Da Sen Holdings Group Limited 大 森 控 股 集 團 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1580） 截至二零二五年三月三十一日止年度 的全年業績公告 大森控股集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司及 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（「二零二五年度」） 的經審核合併業績。 概要 — 1 — • 合併收益增加87.1%至約人民幣21.7百萬元 • 除稅前合併虧損減少89.7%至約人民幣7.0百萬元 • 本公司擁有人應佔虧損約為人民幣6.4百萬元 • 每股基本虧損：人民幣0.59分 • 董事會不建議派發末期股息 業務回顧 膠合板業務 膠合板產品業務及其相關轉介服務為本集團的主要業務。本集團主要生產基地戰略 性地位處於中華人民共和國（「中國」）山東省菏澤市，該市 ...

Group 1 - As of June 18, 65 stocks reached their 52-week highs, with Jixing New Energy (03395), Beijing Construction (00925), and China Oil Clean Energy Holdings (01759) leading the high rate at 106.98%, 88.41%, and 47.73% respectively [1] - Jixing New Energy closed at 0.780 and reached a peak of 0.890, marking a 106.98% increase [1] - Beijing Construction closed at 0.128 with a highest price of 0.130, reflecting an 88.41% increase [1] Group 2 - Other notable stocks that reached their 52-week highs include Lehua Entertainment (02306) at 33.33%, Tokyo Central Auction (01939) at 22.64%, and United Energy Group (00467) at 21.21% [1] - The list of stocks that reached their 52-week highs includes a variety of sectors, indicating a broad market performance [1] Group 3 - The report also highlights stocks that reached their 52-week lows, with Huatai Ruili (08006) dropping by 12.09% and Perfect Medical (01830) decreasing by 11.92% [2] - Other stocks that experienced significant declines include Tibet Water Resources (01115) at -7.69% and Source Ideas Group (08401) at -7.14% [2] - The data indicates a mixed performance in the market, with both highs and lows being reported [2]

Financial Performance - The group's consolidated revenue for the six months ended September 30, 2024, was approximately RMB 16.6 million, an increase of about 54.8% compared to RMB 10.7 million for the same period in 2023[37]. - The group's gross profit for the six months ended September 30, 2024, was approximately RMB 10.1 million, up about 5.6% from RMB 9.6 million for the same period in 2023, with a gross margin of approximately 61.1%[37]. - The group recorded a pre-tax profit of approximately RMB 0.4 million for the six months ended September 30, 2024, compared to a pre-tax loss of approximately RMB 1.0 million for the same period in 2023[32]. - The group reported a profit attributable to owners of the company of approximately RMB 0.8 million for the six months ended September 30, 2024, compared to a loss of approximately RMB 0.2 million for the same period in 2023[43]. - Revenue for the six months ended September 30, 2024, was RMB 16,584,000, compared to RMB 10,711,000 for the same period in 2023, representing a 54% increase[76]. - Gross profit for the six months ended September 30, 2024, was RMB 10,137,000, up from RMB 9,598,000 in the previous year, indicating a growth of 5.6%[76]. - The group reported a total equity attributable to owners of the company of RMB (6.55) million as of September 30, 2024[68]. - The group reported a loss before tax of RMB 1,005,000, reflecting challenges in the leasing segment[164]. Revenue Sources - Revenue from the agricultural products trading segment accounted for approximately 36.7% of total revenue for the six months ended September 30, 2024[30]. - Revenue from plywood and related services reached RMB 9,248,000 in the latest period, contributing to a total group revenue of RMB 16,584,000[162]. - The revenue from leasing activities was RMB 1,242,000, while the trading of agricultural products generated RMB 6,094,000[162]. Cost Management - The company has implemented measures to control costs and reduce low-margin plywood orders, leading to increased segment revenue compared to the same period last year[23]. - The group has implemented new measures to promote sales, including launching high-margin products and controlling costs to strengthen operational cash flow[109]. - Employee costs, including director remuneration and related retirement benefits, were RMB 1,379,000, a decrease from RMB 2,166,000 in the previous period[183]. - The depreciation of investment properties was RMB 742,000, down from RMB 1,367,000 in the previous period[183]. Cash Flow and Liquidity - The net cash used in operating activities for the six months ended September 30, 2024, was RMB 904,000, a significant improvement from a net cash outflow of RMB 7,759,000 in the same period of 2023[70]. - As of September 30, 2024, the company had a net current liability of RMB 49,678,000, with cash and cash equivalents of only RMB 619,000[83]. - The group had cash and cash equivalents of approximately RMB 0.6 million as of September 30, 2024, down from approximately RMB 1.0 million as of March 31, 2024[45]. - The group has discussed extending repayment terms with its lenders to improve liquidity[109]. Assets and Liabilities - The total assets of the group amounted to RMB 82,283,000, with total liabilities of RMB 91,946,000[181]. - The group had non-current assets, including investment properties, valued at approximately RMB 33.4 million as of September 30, 2024[41]. - The group had total borrowings amounting to RMB 21.2 million, a decrease from RMB 22.4 million as of March 31, 2024[54]. - The group's accumulated losses decreased slightly to RMB 326.93 million as of September 30, 2024, from RMB 327.693 million as of March 31, 2024[68]. Credit Risk and Receivables - The credit risk primarily arises from trade and other receivables, with no collateral held to mitigate this risk[118]. - The expected credit loss provision for trade receivables as of March 31, 2024, was RMB 154,855,000, reflecting a credit loss rate of 42.83%[127]. - The concentration of credit risk is significant, with 50% of total receivables coming from China as of September 30, 2024, down from 66% as of March 31, 2024[142]. - The company has identified a total expected credit loss provision of RMB 154,855 thousand as of September 30, 2024, reflecting a significant increase in credit risk due to economic conditions[148]. Future Outlook - The company expects new project management and design services for plywood products to start generating revenue in the fourth quarter of 2024[23]. - The group is in negotiations for another property project referral in Dongguan, expected to generate additional income in the fiscal year ending March 31, 2025[56]. - The company anticipates further progress in financial performance with the next annual report, addressing issues that previously led to an unqualified opinion from auditors[1]. Shareholder and Financing Activities - The company has engaged in discussions with major shareholders and potential buyers to raise additional funds by selling certain assets[85]. - The company successfully extended the repayment period of its loans and implemented measures to improve sales and control costs[86]. - The group has no major acquisitions or disposals of subsidiaries and associates during the six months ended September 30, 2024[59]. Compliance and Risk Management - The financial statements for the six months ended September 30, 2024, were prepared in accordance with the International Financial Reporting Standards and have been reviewed by the audit committee[105]. - The group is facing significant uncertainty regarding its ability to continue as a going concern, dependent on generating sufficient financing and operational cash flow[110]. - The group has not experienced any changes in risk management policies since the last fiscal period[94].

Financial Performance - Consolidated revenue increased by 54.8% to RMB 166.84 million compared to the same period last year[2] - The company turned a pre-tax operating loss of RMB 1.0 million into a pre-tax profit of RMB 0.4 million[2] - Gross profit rose by 5.6% to RMB 101.37 million[2] - Profit attributable to owners of the company improved from a loss of RMB 0.2 million to a profit of RMB 0.8 million[2] - Basic earnings per share changed from a loss of RMB 0.03 to earnings of RMB 0.07[2] - The company reported a net cash decrease of RMB 0.36 million, ending the period with cash and cash equivalents of RMB 0.619 million[20] - The company reported total revenue of RMB 16,584,000 for the six months ended September 30, 2024, with the plywood and related services segment contributing RMB 9,248,000[65] - The company recorded a pre-tax profit of RMB 448,000 for the six months ended September 30, 2024[65] - The company’s total revenue for the six months ended September 30, 2024, increased compared to the previous period, indicating growth in business operations[68] - The pre-tax profit for the six months ending September 30, 2024, was RMB 763,000, compared to a loss of RMB 212,000 for the same period in 2023[81] - Basic earnings per share for the six months ending September 30, 2024, was RMB 0.07, while for the same period in 2023, it was a loss of RMB 0.03 per share[82] Cash Flow and Liquidity - Cash generated from operating activities was RMB 2.04 million, a significant improvement from a cash outflow of RMB 7.58 million in the previous year[20] - The group's cash and cash equivalents were only RMB 619,000, indicating significant uncertainty regarding the group's ability to continue as a going concern[25] - The company’s cash and cash equivalents decreased from approximately RMB 1.0 million as of March 31, 2024, to approximately RMB 0.6 million as of September 30, 2024, due to the settlement of payables and repayment of loans[114] - The board has taken measures to alleviate liquidity pressure, including discussions with lenders to extend repayment periods and potential asset sales to raise additional funds[28] Assets and Liabilities - Total assets increased to RMB 84.65 million from RMB 82.28 million[11] - Total liabilities decreased to RMB 90.17 million from RMB 91.95 million[16] - As of September 30, 2024, the group recorded a net current liability of RMB 49,678,000, with current borrowings amounting to RMB 21,159,000, including bank loans of RMB 8,100,000 and other loans of RMB 13,059,000 from independent third parties in China and Hong Kong[25] - As of September 30, 2024, total borrowings amounted to RMB 22,820,000, with a weighted average interest rate of 9.18%[55] - The total assets as of September 30, 2024, were RMB 84,651,000, while total liabilities stood at RMB 90,166,000[67] - The total borrowings as of September 30, 2024, were RMB 21,159 thousand, a decrease from RMB 22,423 thousand as of March 31, 2024[96] Credit Risk and Management - Credit risk primarily arises from trade and other receivables, with no collateral held to mitigate this risk[37] - The credit period granted to customers typically does not exceed 90 days, and the management believes that the credit risk from outstanding trade receivables is not significant due to a good historical collection record[38] - The concentration of credit risk in China accounted for 50% of total receivables as of September 30, 2024, down from 66% on March 31, 2024[41] - The expected credit loss provision for trade receivables was RMB 154,855,000 as of September 30, 2024, compared to RMB 154,777,000 on March 31, 2024[46] - The expected credit loss rate for overdue receivables exceeding one year was 52.06% as of September 30, 2024, compared to 53.10% on March 31, 2024[46] - The company has established a dedicated team to determine credit limits and approvals to minimize credit risk[41] Business Operations and Strategy - The group plans to implement new initiatives to boost sales, such as launching high-margin products and controlling costs, while accelerating the collection of trade receivables[28] - The strategic alliance with a factory in Jiangmen, Guangdong, aims to expand the plywood business and generate service income from referrals[103] - The company is developing project management and design services for plywood products, expected to generate revenue in the second half of the fiscal year ending March 31, 2025[104] - Revenue from the agricultural products trading segment accounted for approximately 36.7% of total revenue for the six months ended September 30, 2024[108] - The company has initiated agricultural trade business, including garlic and onions, starting June 2024 to improve cash flow, despite lower profit margins[125] Employee and Operational Costs - Employee costs, including director remuneration and related retirement benefits, were RMB 1,379,000 for the six months ending September 30, 2024, down from RMB 2,166,000 in the same period of 2023[73] - The total operating expenses, including sales and distribution expenses and administrative expenses, were approximately RMB 8.4 million, remaining stable compared to RMB 8.6 million for the same period in 2023[109] Dividends and Taxation - The company did not declare an interim dividend[2] - The company did not declare or recommend any dividends during the interim period[79] - The company has no taxable profits sourced from Hong Kong, thus no Hong Kong profits tax was accrued[76] - The company expects no withholding tax to be accrued as it does not anticipate distributing retained earnings in the foreseeable future[78] Other Financial Information - The company has not faced significant impacts from currency fluctuations and has not adopted any currency hedging policies during the reporting period[113] - The company has no significant contingent liabilities as of September 30, 2024, maintaining a clean financial slate[128] - There are no capital commitments that have been contracted but not provided for as of September 30, 2024[129] - The company has not engaged in any significant acquisitions or disposals of subsidiaries or associates in the six months ending September 30, 2024[130]

Financial Performance - The group recorded a net loss of RMB 54.36 million for the year ended March 31, 2024, with cash outflow from operating activities amounting to RMB 15.22 million[1]. - Revenue decreased by 80.5% to approximately RMB 116 million, while the pre-tax consolidated loss increased by 5.0% to approximately RMB 54.3 million[13]. - The company reported a pre-tax loss of RMB 54.36 million for the fiscal year, compared to a pre-tax loss of RMB 51.77 million in the previous period[37]. - The company reported a loss attributable to owners of approximately RMB 52,978,000 for the year ended March 31, 2024, compared to a loss of RMB 50,799,000 for the fifteen months ended March 31, 2023[44]. - The total comprehensive expenses attributable to the owners of the company for fiscal year 2024 were approximately RMB 53.0 million, remaining stable compared to the previous year, with basic loss per share of RMB 5.8 cents, an improvement from RMB 6.9 cents in 2023[178]. Assets and Liabilities - Total assets decreased by 44.4% to RMB 82.28 million compared to RMB 148.08 million in the previous year[6]. - The group's total liabilities decreased by 24.6% to RMB 91.95 million from RMB 122.01 million[9]. - Total current liabilities decreased to approximately RMB 917 million as of March 31, 2024, from approximately RMB 1,148 million as of March 31, 2023, primarily due to reductions in trade and other payables, amounts due to related parties, and borrowings[38]. - The company's asset-liability ratio was not applicable as of March 31, 2024, due to negative assets, while it was approximately 171.5% as of March 31, 2023[118]. - As of March 31, 2024, the group held current assets of approximately RMB 40.6 million, a decrease from RMB 71.5 million as of March 31, 2023[149]. Revenue Sources - The plywood and related services segment accounted for approximately 73.3% of the total revenue for the year[17]. - Rental income represented about 26.7% of total revenue for the year[19]. - Total revenue from rental income decreased from RMB 59,487,000 to RMB 11,611,000, with rental income from plywood-related referral services contributing RMB 8,511,000 in the year ended March 31, 2024[56]. - The group generated referral income of approximately RMB 8.5 million from a significant property project in Thailand during fiscal year 2024, indicating a successful collaboration with alliance factories[176]. Cost Management - The group aims to improve financial performance by reducing low-margin orders and outsourcing non-core tasks to lower production costs[16]. - The company plans to scale down its plywood product business due to intense competition, which has resulted in minimal or no profits[37]. - Total sales and administrative expenses for the fiscal year 2024 are approximately RMB 19.5 million, a significant decrease from RMB 22.9 million in the fiscal year 2023[146]. - Financial costs for the fiscal year 2024 are approximately RMB 3.9 million, down from approximately RMB 7.1 million, reflecting the level of interest-bearing liabilities during the periods[147]. Cash Flow and Financing - The company successfully raised additional funds through financing from major shareholders and directors, as well as potential asset sales, to improve its working capital situation[52]. - The company has implemented measures to ensure sufficient operating funds for the next twelve months, although there remains significant uncertainty regarding the execution of these plans[40]. - The board has reviewed the cash flow forecast prepared by management, indicating sufficient operating funds for the next twelve months[198]. - The company is confident in its ability to meet financial obligations due within the next twelve months[198]. Strategic Initiatives - The strategic alliance with a factory in Jiangmen, Guangdong, aims to expand the plywood business and increase service revenue from referrals[15]. - The company formed a strategic alliance with manufacturing factories to expand its timber business, generating referral fee income of approximately RMB 8.5 million from a Thai property project in the fiscal year 2024[115]. - The group has initiated discussions regarding two property projects with alliance factories, expecting to generate increasing revenue from this business by March 31, 2025[176]. Impairments and Provisions - The company recorded a loss of RMB (1,469,000) from inventory impairment, which was a significant increase compared to RMB (140,000) in the previous period[58]. - The expected net credit loss provision for fiscal year 2024 is approximately RMB 31.7 million, a significant increase from RMB 19.9 million in 2023, reflecting further impairment losses on long-term overdue receivables carried over from the previous year[177]. - The group’s inventory balance decreased from approximately RMB 1.9 million as of March 31, 2023, to approximately RMB 0.4 million as of March 31, 2024, primarily due to impairment provisions for obsolete inventory[180]. Governance and Compliance - The group has established an audit committee to oversee financial reporting and internal controls, ensuring compliance with applicable laws and regulations[175]. - The company's financial statements are prepared in accordance with International Financial Reporting Standards and the Hong Kong Companies Ordinance[25]. - The preparation of consolidated financial statements on a going concern basis is deemed appropriate by the board[198].

智通财经APP讯，大森控股(01580)发布公告，自2024年4月18日起，由于蔡高昇先生(蔡先生)欲投入更多时间处理其他业务，故蔡先生已辞任执行董事。 于蔡先生辞任后，自2024年4月18日起，公司董事委员会组成的变动如下： 蔡先生不再担任公司风险管理委员会的主席;及执行董事黄子斌先生已获委任为公司风险管理委员会的主席，以填补蔡先生于同日不再担任公司风险管理委员会的主席后出现的临时空缺。 ...

Financial Performance - For the six months ended September 30, 2023, the consolidated revenue was approximately RMB 10.7 million, a decrease of about 69.3% compared to RMB 34.9 million for the same period in 2022[15]. - The consolidated gross profit for the same period was approximately RMB 9.6 million, a significant improvement from a gross loss of approximately RMB 0.8 million in the prior year, resulting in a gross margin of approximately 89.6%[15]. - The consolidated operating loss before tax decreased from approximately RMB 15.7 million in the prior year to approximately RMB 1.0 million, primarily due to improved profit margins and cost control measures[16]. - For the six months ended September 30, 2023, the company reported a loss attributable to owners of approximately RMB 0.2 million, a significant decrease from RMB 15.8 million for the same period in 2022[17]. - Basic and diluted loss per share for the six months ended September 30, 2023, was RMB 0.03, compared to RMB 2.33 for the same period in 2022[17]. - The company successfully turned a gross loss from the six months ended June 30, 2022, into a gross profit for the six months ended September 30, 2023, due to new revenue sources and cost control efforts[37]. - The company expects to turn a profit in the next annual report, contingent on further improvements in profit margins[41]. Revenue Sources - Rental income accounted for approximately 20.5% of total revenue for the six months ended September 30, 2023[13]. - The plywood and related services segment contributed approximately 79.5% to the total revenue for the same period[11]. - The company formed a strategic alliance with a factory in Jiangmen, Guangdong, to expand its plywood business and broaden revenue sources[10]. - The strategic alliance began generating revenue from the third quarter of 2023, contributing positively to the company's financial performance[11]. - For the six months ended September 30, 2023, the total revenue was RMB 10,711 thousand, with plywood and related services contributing RMB 8,512 thousand and leasing activities contributing RMB 2,199 thousand[119]. Expenses and Cost Management - The total sales and distribution expenses and administrative expenses amounted to approximately RMB 8.6 million, an increase of about RMB 1.7 million or 25.8% compared to RMB 6.9 million in the previous year[15]. - Financial costs decreased by approximately RMB 0.9 million, with total financial costs for the period being RMB 2.0 million compared to RMB 3.0 million in the previous year[16]. - The company implemented measures to reduce low-margin plywood orders and outsourced non-core tasks to local workers to lower production costs[11]. - The company reported a significant decrease in the cost of inventory recognized as an expense, which fell to RMB 106,000 from RMB 33,838,000 year-on-year, reflecting improved inventory management[123]. Assets and Liabilities - As of September 30, 2023, the company's current assets amounted to approximately RMB 779 million, an increase from RMB 715 million as of March 31, 2023[20]. - Total current liabilities as of September 30, 2023, were approximately RMB 1,166 million, up from RMB 1,148 million as of March 31, 2023, mainly due to increases in trade and other payables[20]. - Total borrowings as of September 30, 2023, were approximately RMB 368 million, a slight decrease from RMB 377 million as of March 31, 2023[23]. - The company’s equity attributable to owners increased to RMB 30,651,000 from RMB 27,041,000, showing a growth of 9.7%[71]. - The company’s total liabilities increased slightly to RMB 124,185,000 from RMB 122,008,000, reflecting a marginal rise of 1.8%[70]. Cash Flow and Financing - Cash and cash equivalents decreased significantly from approximately RMB 69 million as of March 31, 2023, to approximately RMB 13 million as of September 30, 2023, primarily due to settlement of payables[20]. - The company anticipates that all debts, accrued interest, and related sale costs will be settled from the proceeds of the auction, barring unforeseen circumstances[29]. - The company plans to issue capitalized shares at a price of HKD 0.06 per share, totaling 73,104,116 shares, to settle debts amounting to approximately HKD 4.39 million[30]. - The company issued convertible bonds totaling HKD 7,800,000 with a conversion price of HKD 0.15 per bond, maturing on March 23, 2025[31]. - The group plans to alleviate liquidity pressure by selling mortgaged assets and has discussed extending repayment terms with lenders[83]. Credit Risk and Receivables - Trade and other receivables increased by approximately RMB 12.2 million to about RMB 748 million as of September 30, 2023, from approximately RMB 626 million as of March 31, 2023[20]. - The expected credit loss provision for trade receivables increased from RMB 19,958,000 as of March 31, 2023, to RMB 124,516,000 as of September 30, 2023[104]. - The concentration of credit risk is primarily located in China, accounting for 100% of total receivables as of September 30, 2023, with 21% and 64% of total trade receivables coming from the largest customer and the top five customers, respectively[99]. - The company has recognized an impairment loss of RMB 104,558,000 for individually assessed receivables as of September 30, 2023[99]. Corporate Governance and Compliance - The company has established an audit committee in accordance with Listing Rules and has reviewed the financial reporting and internal controls for the six months ending September 30, 2023[49]. - The audit committee is chaired by Mr. Chen Shaoyuan, an independent non-executive director[49]. - The company has not engaged in any significant acquisitions or disposals of subsidiaries during the six months ended September 30, 2023[44]. - The company has not declared any interim dividends for the six months ending September 30, 2023[60]. Employee and Management Information - As of September 30, 2023, the total salary and related costs provided to employees amounted to approximately RMB 2.2 million[56]. - The company has 28 employees as of September 30, 2023, and participates in mandatory provident fund retirement plans in Hong Kong and central pension plans in China[56]. - Management compensation increased to RMB 729,000 for the six months ended September 30, 2023, compared to RMB 670,000 for the same period in 2022, reflecting an increase of approximately 8.8%[148].

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 容而引致之任何損失承擔任何責任。 Da Sen Holdings Group Limited 大 森 控 股 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1580） 截至二零二三年九月三十日止六個月 的中期業績公告 大森控股集團有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其附屬公 司（「本集團」）截至二零二三年九月三十日止六個月的未經審核合併業績。本中期財 務資料未經審核，惟已由本公司審核委員會審閱。 概要 • 合併收益減少69.3%至人民幣10.7百萬元 • 合併除稅前經營虧損減少93.6%至人民幣1.0百萬元 • 毛利由毛損人民幣0.8百萬元改善至人民幣9.6百萬元 • 本公司擁有人應佔虧損由虧損人民幣15.8百萬元改善至人民幣0.2百萬元 • 每股基本虧損由虧損人民幣2.33分改善至人民幣0.03分 ...

Financial Performance - For the fifteen months ending March 31, 2023, the company experienced a decline in revenue compared to the year ending December 31, 2021, due to external factors affecting demand [16]. - The group's consolidated revenue for the fifteen months ended March 31, 2023, was approximately RMB 59.5 million, a decrease of 65.6% compared to RMB 172.7 million for the year ended December 31, 2021 [45]. - The group recorded a gross loss of approximately RMB 5.1 million for the fifteen months ended March 31, 2023, significantly reduced by 91.0% from RMB 57.1 million for the year ended December 31, 2021 [45]. - The consolidated loss before tax for the fifteen months ended March 31, 2023, decreased significantly to approximately RMB 51.8 million, compared to RMB 119.1 million for the year ended December 31, 2021, primarily due to improved gross loss margin, cost control measures, and debt restructuring gains [48]. - The company reported a net loss of RMB 51,770,000 and a net cash outflow from operations of RMB 13,194,000 for the fifteen months ending March 31, 2023 [191]. Cost Control and Profitability - The company focused on higher-margin customers and implemented cost control measures, resulting in an improvement in gross loss margin and a significant reduction in losses [16]. - The gross loss margin improved to 8.6% for the fifteen months ended March 31, 2023, compared to 33.0% for the year ended December 31, 2021 [45]. - The group is focusing on higher-margin customers and implementing cost control measures to improve profitability [41]. - Management believes that the wood business will turn profitable for the fiscal year ending March 31, 2024, as these strategies develop [43]. - The company has implemented strict cost control measures while focusing on the development of new export businesses for plywood products and the operations of Shenzhen Micro Payment [97]. Debt Restructuring and Financial Position - The company completed a debt restructuring plan in January 2023, which significantly improved its debt situation [16]. - The total interest-bearing debt as of March 31, 2023, was approximately RMB 44.7 million, with a debt-to-equity ratio of about 171.5%, up from 125.0% as of December 31, 2021, mainly due to a decrease in equity [49]. - The total current liabilities as of March 31, 2023, were approximately RMB 114.8 million, down from RMB 130.3 million as of December 31, 2021, primarily due to debt restructuring that reduced borrowings [52]. - A creditor plan was implemented and completed on January 6, 2023, which involved settling debts amounting to approximately RMB 35 million [196]. - The company is in discussions to extend the repayment period of defaulted loans, including a loan of RMB 8,500,000 due in June 2022 and two loans totaling HKD 650,000 (approximately RMB 569,000) due in May and June 2022, with an extension of at least 12 months proposed [95]. Asset Management and Sales - The company is negotiating the sale of non-core assets located in the industrial park of Chengwu County, Heze City, Shandong Province, which is expected to further enhance its financial and debt status upon completion [16]. - The company is negotiating the sale of land and buildings in the industrial park of Chengwu County, Heze City, Shandong Province, to repay overdue debts totaling approximately RMB 16 million [59]. - The company is in discussions to sell assets in Shandong Province, expecting proceeds of no less than RMB 20 million, which will be used for loan repayment and general operating funds [199]. New Business Development - The group is preparing to develop new high-margin plywood products for export to Asian countries, particularly Japan, with partnerships expected to commence in 2023 [17]. - A joint venture agreement was signed with Shenzhen Weifuchong to operate a virtual hotel room card system and e-commerce membership platform, anticipated to broaden revenue sources and generate income by the fiscal year ending March 31, 2024 [17]. - The company is developing higher-margin products in the plywood business and plans to export these products to Asian countries, particularly Japan [97]. - A joint venture agreement was established with Shenzhen Micro Payment Technology Co., Ltd. to operate a hotel virtual room card system and an e-commerce membership club platform, with an app expected to launch in August 2023 [97]. - The company anticipates that Shenzhen Micro Payment will start generating revenue in the fiscal year ending March 31, 2024, contributing new revenue sources and potentially reversing the company's loss situation [97]. Shareholder and Equity Information - Major shareholder Mr. Huang Zhenhan holds 864,686,442 shares, which is 53.4% of the company's equity [146]. - The company raised approximately HKD 29.2 million through a public offering, with HKD 23.4 million allocated to fulfill payment obligations under the creditor plan and for operational funding [65]. - The company issued convertible bonds totaling HKD 7.8 million with a 10% interest rate, maturing on March 23, 2025, and a conversion price of HKD 0.15 per bond [67]. - The company capitalized approximately HKD 4.39 million of debt into 73,104,116 shares at a price of HKD 0.060 per share, issued on April 21, 2023 [66]. - The company successfully raised approximately HKD 23.2 million through a public offering of 584,640,000 new shares at HKD 0.04 per share, which was fully utilized for debt reduction and operational funding [116][118]. Governance and Compliance - The company has complied with relevant laws and regulations, ensuring no significant non-compliance issues were reported [149]. - The board consists of seven members, including three executive directors, one non-executive director, and three independent non-executive directors [156]. - The company has adhered to the corporate governance code as per the listing rules throughout the reporting period [155]. - The independent non-executive directors serve a term of three years, with all directors required to retire at least once every three years [161]. - The company appointed Tianjian International CPA Limited as its auditor on February 24, 2022, to fill a temporary vacancy [152].

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 容而引致之任何損失承擔任何責任。 Da Sen Holdings Group Limited 大 森 控 股 集 團 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1580） 截至二零二三年三月三十一日止十五個月 的全年業績公告 大森控股集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司及 其附屬公司（統稱「本集團」）截至二零二三年三月三十一日止十五個月的經審核合 併業績，連同截至二零二一年十二月三十一日止年度的比較數字。由於經審核合併 財務報表涵蓋截至二零二三年三月三十一日止十五個月，而比較財務報表涵蓋截至 二零二一年十二月三十一日止十二個月，故比較數字並非完全可資比較。 概要 • 合併收益減少65.6%至約人民幣59.5百萬元 • 除稅前合併虧損減少56.5%至約人民幣51.8百萬元 • 本公司擁有人應佔虧損約為人民幣50.8百萬元 • 每股基本虧損：人民幣3.47分 • 董事會不建議派發末期股 ...