Financial Performance - The company's revenue for the year ended December 31, 2025, was RMB 223,487,000, representing a significant increase of 186% compared to RMB 78,066,000 in 2024[3]. - The gross profit for the same period was RMB 22,528,000, up from RMB 10,137,000 in 2024, indicating a gross margin improvement[3]. - The net loss for the year was RMB 32,746,000, a reduction from a loss of RMB 52,613,000 in 2024, showing a 38% improvement in financial performance[3]. - The group’s performance metrics focus on gross profit/loss for each segment, excluding various expenses, to assess resource allocation and segment performance[25]. - The segment performance for event operations and marketing shows a profit of RMB 22,151,000, while the overall segment performance is RMB 22,528,000 for 2025[26]. - The company reported a net loss of RMB 32,746,000 for the year ending December 31, 2025, compared to a net loss of RMB 52,613,000 in 2024, indicating an improvement in financial performance[26][27]. - Loss before income tax decreased by approximately 35.84% from RMB 45.56 million for the year ending December 31, 2024, to RMB 29.23 million for the year ending December 31, 2025[53]. - Loss attributable to owners of the company decreased by approximately 37.7% from RMB 52.58 million for the year ending December 31, 2024, to RMB 32.74 million for the year ending December 31, 2025[55]. Assets and Liabilities - The total assets decreased to RMB 367,514,000 in 2025 from RMB 411,397,000 in 2024, reflecting a 10.6% decline[7]. - The company's cash and bank balances decreased to RMB 155,487,000 in 2025 from RMB 246,473,000 in 2024, a decline of 37%[7]. - Accounts receivable increased significantly to RMB 76,787,000 in 2025 from RMB 48,858,000 in 2024, marking a 57% rise[7]. - The company reported a total equity of RMB 295,599,000 in 2025, down from RMB 351,471,000 in 2024, a decrease of 15.9%[8]. - Accounts receivable increased to RMB 128,352,000 in 2025 from RMB 64,939,000 in 2024, with a provision for impairment of RMB 51,565,000[37]. - The accounts payable increased significantly from RMB 4.593 million in 2024 to RMB 60.253 million in 2025, indicating a substantial rise in obligations to suppliers[39]. - Current assets increased by approximately 2.0% from RMB 260.04 million as of December 31, 2024, to RMB 265.15 million as of December 31, 2025[57]. Revenue Segments - Revenue from event operations and marketing was RMB 211,435 thousand in 2025, compared to RMB 27,460 thousand in 2024, indicating a growth of about 669%[18]. - The trading business, which includes the sale of cigars and functional materials, was introduced in 2024 and 2025 respectively, contributing to the diversification of revenue streams[24]. - The event operation and marketing segment's revenue grew approximately 670.0% from RMB 27.46 million in 2024 to RMB 211.44 million in 2025, driven by an increase in the number of golf tournaments and business forums[46]. - The trading business segment's revenue decreased by approximately 76.2% from RMB 506.0 million in 2024 to RMB 120.5 million in 2025, as the company shifted focus to trading functional materials[46]. Financial Reporting Standards - Hong Kong Financial Reporting Standard No. 18 introduces new presentation requirements for income statements, categorizing all income and expenses into five categories: operating, investing, financing, income tax, and discontinued operations[13]. - The new standard requires entities to disclose performance measures defined by management in the notes, enhancing the classification and location of information in financial statements and notes[13]. - The amendments to Hong Kong Financial Reporting Standard No. 19 allow qualifying entities to apply simplified disclosure requirements, provided they meet specific criteria[15]. - The revisions to Hong Kong Financial Reporting Standard No. 9 clarify the derecognition date of financial assets or liabilities and introduce an accounting policy choice for certain financial liabilities settled before the settlement date[16]. - The amendments to Hong Kong Financial Reporting Standard No. 10 and Hong Kong Accounting Standard No. 28 address inconsistencies in the treatment of asset sales or contributions between investors and their associates or joint ventures[16]. - The new regulations will take effect for annual periods beginning on or after January 1, 2027, with early application permitted[14]. - The company is currently analyzing the impact of Hong Kong Financial Reporting Standard No. 18 on its financial statement presentation and disclosures[13]. - The revisions to the financial reporting standards are expected to have no significant impact on the company's financial statements[16]. - The company’s subsidiaries are considering applying the simplified disclosure requirements of Hong Kong Financial Reporting Standard No. 19 in their specific financial statements[15]. - The amendments to the financial reporting standards require retrospective application, with adjustments made to the opening retained earnings on the first application date[16]. Compliance and Governance - The company has adopted the standard code of conduct for securities trading by directors, confirming compliance for the entire year ending December 31, 2025[74]. - The audit committee, consisting of three independent non-executive directors, has reviewed the audited consolidated financial results for the year ending December 31, 2025, and found them to comply with generally accepted accounting principles[75]. - The company appointed a new auditor, Baker Tilly, effective August 7, 2024, following the resignation of its previous auditor[76]. - The company will implement remedial actions by Q4 2025 to ensure compliance with listing rules and prevent similar incidents from occurring[87]. - The company will appoint executive director Ren Song and the company secretary to oversee compliance with disclosure requirements for transactions[88]. - Internal training will be arranged for all directors and senior management to explain the provisions of listing rules Chapters 13, 14, and 14A[92]. Other Financial Information - The company did not declare any final dividend for the year ending December 31, 2025, consistent with the previous year[68]. - The income tax expense for the year 2025 is RMB 3,517,000, which includes corporate tax from Hong Kong and China[31][32]. - Interest income decreased to RMB 87 thousand in 2025 from RMB 2,446 thousand in 2024, reflecting a decline of approximately 96%[20]. - The total other income for 2025 was RMB 88 thousand, a decrease from RMB 4,041 thousand in 2024, primarily due to reduced rental income and interest income[20]. - Sales and distribution expenses decreased by approximately 99.3% from RMB 4.32 million for the year ending December 31, 2024, to RMB 0.03 million for the year ending December 31, 2025[49]. - General and administrative expenses decreased by approximately 75.6% from RMB 34.67 million for the year ending December 31, 2024, to RMB 8.46 million for the year ending December 31, 2025[50]. - Other income decreased by approximately 97.8% from RMB 4.04 million for the year ending December 31, 2024, to RMB 0.09 million for the year ending December 31, 2025[51]. - Other gains or losses changed from a net gain of RMB 3.09 million for the year ending December 31, 2024, to a net loss of RMB 1.85 million for the year ending December 31, 2025, representing a decrease of approximately 159.9%[52]. - The company plans to sell its subsidiary, Torch Media Co., Ltd., for HKD 8 million, with an estimated net loss of approximately RMB 46.2 million expected from the sale[80][81]. - The company entered into a procurement contract for 96 sets of liquid cooling equipment for RMB 96,230,400, with full refundable advance payment made[83]. - Due to delays in delivery, the procurement contract for the liquid cooling equipment was terminated, and the advance payment was fully refunded to the company[84]. - The advance payment constituted a major transaction under the listing rules, exceeding 25% but below 100%, requiring compliance with relevant disclosure and shareholder approval regulations[85]. - The company inadvertently failed to recognize the advance payment as a major transaction, resulting in a breach of listing rules regarding timely announcements[86]. - No significant events have occurred since the end of the reporting period that would impact the group's operational, financial, or trading outlook[89]. - The company has maintained sufficient public float as required by listing rules as of December 31, 2025[90]. - The annual results announcement and annual report for 2025 will be published on the Stock Exchange and the company's website[91]. - All agreements and supporting documents related to planned transactions will be reviewed by the finance and company secretary departments before final approval by the board[92].

董事會會議召開日期 中國前沿科技集團（「本公司」，及其附屬公司統稱「本集團」）董事會（「董事會」） 茲通告謹定於2026年3月30日（星期一）舉行本公司董事會會議，以考慮及通過本集 團截至2025年12月31日止年度的末期業績及建議之末期股息（如有），以及處理任 何其他事項。 承董事會命 中國前沿科技集團 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 何部份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。 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （ 前 稱Wisdom Sports Group 智 美 體 育 集 團 ） （股份代號：1661） 主席兼執行董事 任松 香港，2026年3月11日 於本公告日期，本公司的執行董事為任松女士、張盼盼女士及張瀛釗女士；而本公 司的獨立非執行董事為梁曉文女士、高文娟女士及彭小留女士。 ...

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 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國前沿科技集團 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) | 01661 | 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 | | | 2,000,000,000 | USD | | 0.0025 | USD | | 5,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 2,000,000,000 | USD | | 0.0025 | USD | | 5,000,000 | 本月底法定/ ...

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 何部份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。 就董事經作出一切合理查詢後所深知、盡悉及確信，概無股份賦予股東權利出席 股東特別大會但根據上市規則第13.40條所載須放棄投贊成票，且概無股東須於股 東特別大會上就決議案放棄投票。概無股東於該通函中表示有意於股東特別大會 上就決議案投反對票或放棄投票。 1 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （ 前 稱Wisdom Sports Group 智 美 體 育 集 團 （股份代號：1661） 2026年2月13日舉行之股東特別大會的投票結果 茲提述中國前沿科技集團（「本公司」）日期為2026年1月28日的股東特別大會（「股 東特別大會」）通告（「該通告」）及本公司通函（「該通函」），內容有關建議更換核 數師。除文義另有所指外，本公告所用詞彙與該通函所界定者具有相同涵義。 股東特別大會的投票結果 董事會欣然宣佈，於2026年2月13日（星期五）下午三時正假座香港中環皇后大道中 99號 ...

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 致：香港交易及結算所有限公司 公司名稱: 中國前沿科技集團 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) | 01661 | 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 | | | 2,000,000,000 | USD | | 0.0025 USD | | 5,000,000 | | 增加 / 減少 (-) | | | | | | USD | | | | 本月底結存 | | | 2,000,000,000 | USD | | 0.0025 USD | | 5,000,000 | 本月底法定/註冊股本總額： USD 5,000, ...

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通告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部或任 何部份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。 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （ 前 稱Wisdom Sports Group 智 美 體 育 集 團 ） 附註： 凡有權出席大會並於會上表決的本公司股東，均有權委派一名代表代其出席及表決。受委 代表毋須為本公司股東。如委派一名以上代表，則必須於相關代表委任表格上列明每一名 受委代表所代表的股份數目。每名親身或委派代表出席的股東應有權就其所持每一股繳足 股份投一票。 代表委任表格連同經簽署的授權書或其他授權文件（如有）或經公證人核證的授權書或授 權文件副本，須不遲於大會或其任何續會（視情況而定）指定舉行時間48小時前送達本公司 的香港股份過戶登記處香港中央證券登記有限公司，地址為香港灣仔皇后大道東183號合和 中心17M樓，方為有效。填妥及交回代表委任表格後，本公司股東仍可親身出席大會並於會 上投票，且於該種情況下，委任代表的文據被視為撤回。 （股份代號：1661） 股東 ...

（ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （ 前 稱Wisdom Sports Group 智 美 體 育 集 團 ） （股份代號：1661） 將於2026年2月13日舉行的股東特別大會上適用的代表委任表格 本代表委任表格相關的股份 數目 （附註1） 本人╱吾等 （附註2） 地址為 為中國前沿科技集團（「本公司」）已發行股本中股份登記持有人，茲委任大會主席 （附註3） 或 地址為 請在適當空欄內填上「✓」號，以表示 閣下的投票意願 （附註4） 。 | | 普通決議案 | 贊成 | 反對 | | --- | --- | --- | --- | | 1. | 根據本公司組織章程大綱第152(2)條，致寶信勤會計師事務所有限公司辭任本公司現任核數師， | | | | | 於股東特別大會結束後即時生效（「辭任」），並授權本公司董事會（「董事會」）及本公司任何 | | | | | 董事行使有關酌情權以在彼等可能認為屬必要、適宜或權宜或符合本公司利益的情況下為 | | | | | 使辭任生效而完成及採取一切有關行動及事宜，包括但不限於簽署、蓋章、簽立及交付一切 | | | | | 有關文件及契據以及批 ...

此乃要件 請即處理 閣下如對本通函的任何方面或擬採取的行動有任何疑問，應諮詢股票經紀或其他註冊 證券交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已出售或轉讓名下所有中國前沿科技集團（「本公司」）股份，應立即將本通函 連同代表委任表格送交買主或承讓人或經手買賣或轉讓的銀行、股票經紀或其他代理 人，以便轉交買主或承讓人。 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通函的內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示不會就本通函全部或任何部份內容 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。 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （ 前 稱Wisdom Sports Group 智 美 體 育 集 團 （股份代號：1661） 建議更換核數師 及 股東特別大會通告 謹訂於2026年2月13日（星期五）下午三時正假座香港中環皇后大道中99號中環中心12 樓2室舉行股東特別大會，召開股東特別大會的通告載於本通函第13至15頁。 本通函連同股東特別大會適用的代表委任表格登載於香港交易及結算所有限公司網 站(http://www.hkexnews.hk) ...

茲提述中國前沿科技集團（「本公司」，連同其附屬公司統稱「本集團」）日期為2025 年12月18日有關更換核數師之公告（「該公告」）。除另有界定者外，本公告所用詞 彙與該公告所界定者具有相同涵義。 本公司董事（「董事」）會（「董事會」）宣佈，於本公司將召開及舉行之股東特別大 會（「股東特別大會」）上通過相關決議案後，致寶信勤會計師事務所有限公司（「致 寶信勤」）辭任本公司核數師（「建議辭任」）。經本公司審核委員會（「審核委員會」） 作出推薦建議，待建議辭任於股東特別大會上通過普通決議案生效後，董事會決 議委任栢淳會計師事務所有限公司（「栢淳」）為本公司新任核數師（「建議委任」， 連同建議辭任統稱「建議更換核數師」），以填補致寶信勤辭任後之臨時空缺，並將 任職至本公司下屆股東週年大會結束時為止。建議委任須待（其中包括）於股東特 別大會上通過相關決議案後，方可作實。 更換核數師之背景及理由 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 何部份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。 （ 於 開 曼 群 ...

Group 1 - The core point of the article is the appointment of Zhang Yingzhao as the executive director of China Frontier Technology Group, effective from January 23, 2026 [1] Group 2 - The announcement was made by China Frontier Technology Group on January 23 [1]