Financial Performance - The company's revenue for the year ended December 31, 2024, was RMB 78,066,000, an increase of 142.5% compared to RMB 32,243,000 in 2023[2] - The gross profit for the same period was RMB 10,137,000, compared to a gross loss of RMB 840,000 in 2023, indicating a significant turnaround[2] - The net loss for the year was RMB 52,613,000, a reduction from a net loss of RMB 87,171,000 in 2023, reflecting an improvement of 39.7%[2] - The group reported a total segment loss of RMB 52,613 thousand for the year, compared to a loss in previous periods, indicating ongoing financial challenges[23] - The group recorded a gross profit of RMB 10.14 million for the year ending December 31, 2024, compared to a gross loss of RMB 0.84 million for the year ending December 31, 2023, resulting in a gross profit margin of 13%[44] - The group's loss before tax decreased by approximately 43.87% from RMB 81.17 million for the year ending December 31, 2023, to RMB 45.56 million for the year ending December 31, 2024[51] - The loss attributable to the company's owners decreased by approximately 39.7% from RMB 87.18 million for the year ended December 31, 2023, to RMB 52.58 million for the year ending December 31, 2024[54] Assets and Liabilities - The total assets as of December 31, 2024, were RMB 411,397,000, slightly down from RMB 412,358,000 in 2023[5] - Cash and bank balances increased to RMB 246,473,000 from RMB 173,732,000 in 2023, representing a growth of 42%[5] - The total liabilities increased to RMB 59,926,000 from RMB 43,759,000 in 2023, indicating a rise of 36.9%[6] - The company’s equity attributable to owners decreased to RMB 352,175,000 from RMB 369,272,000 in 2023[5] - The company’s accounts payable decreased to RMB 4,593,000 in 2024 from RMB 11,810,000 in 2023[37] - The net current assets increased by approximately 18.5% from RMB 219.50 million as of December 31, 2023, to RMB 260.04 million as of December 31, 2024[56] Revenue Streams - Revenue from event operations and marketing was RMB 27,460 thousand in 2024, up from RMB 26,320 thousand in 2023, indicating a growth of 4.3%[13] - The newly introduced cigar trading business generated revenue of RMB 50,606 thousand in 2024, marking its first year of operation[13] - The group has not recognized any revenue from sports services in 2024, compared to RMB 5,923 thousand in 2023, indicating a complete cessation of this revenue stream[13] - Major clients contributing over 10% of total revenue included Client A1 and Client B1, each contributing RMB 13,683,000, and Client E3 contributing RMB 50,606,000 in 2024[27] Expenses and Costs - The group incurred service costs of RMB 67,929 thousand against total revenues, resulting in a gross profit of RMB 10,137 thousand[23] - The group's service costs rose by about 105.4% from RMB 33.08 million for the year ending December 31, 2023, to RMB 67.93 million for the year ending December 31, 2024, mainly due to increased costs in the trading business[44] - The company's employee costs for 2024 were RMB 4,219,000, a decrease from RMB 18,514,000 in 2023[32] - Sales and distribution expenses decreased by approximately 39.2% from RMB 7.11 million for the year ending December 31, 2023, to RMB 4.32 million for the year ending December 31, 2024[47] - General and administrative expenses decreased by approximately 21.6% from RMB 44.24 million for the year ending December 31, 2023, to RMB 34.67 million for the year ending December 31, 2024[48] Strategic Initiatives - The company is focused on expanding its sports event operations and marketing services in China and Hong Kong[7] - The group aims to enhance its strategic collaboration between its two main business segments to drive sustainable performance growth through technology empowerment and capital-driven models[42] Compliance and Governance - The company has taken remedial measures to ensure compliance with listing rules following a breach related to loan agreements[85] - The company maintains sufficient public float as per listing rules for the fiscal year ending December 31, 2024[88] - The company’s annual results and report for 2024 will be published on the Hong Kong Stock Exchange and its website[89] Investments and Financing - The company raised approximately HKD 43 million through the issuance of 310,000,000 shares at HKD 0.139 per share, intended for sports event development and operational funding[62] - The company has established a trust plan with a total investment of RMB 10 million, expecting an annualized return of 4.0%[77] - Another trust plan was set up with an investment of RMB 10 million, focusing on high-quality asset securitization, with an expected annualized return of 4.3%[77] - A loan agreement was renewed with Beijing Quanxiang Shikong, extending the repayment period and reducing the interest rate from 4.75% to 3.65%[81] - A short-term loan of RMB 20 million was provided to Dongfang Green Energy, with an interest rate of 5%[82] - The loan to Dongfang Green Energy was subsequently modified to RMB 10 million, with an extended repayment period until September 30, 2024, and an adjusted interest rate of 4.5%[83] Shareholder Returns - The company did not declare any dividends for the years ending December 31, 2024, and 2023[33] - The company did not recommend a final dividend for the year ended December 31, 2024, consistent with the previous year[68] Other Information - The company hosted the "2024 Technology + New Quality Productivity Summit" in September 2024, gathering over 300 leaders from various sectors to discuss AI technology integration[38] - The company completed a share consolidation on December 23, 2024, reducing the number of issued shares from 1,902,942,000 to 190,294,200[63] - The company has no significant contingent liabilities as of December 31, 2024[67]

（ 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） 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。 應本公司之要求，本公司股份已自2025年4月1日上午九時正起於聯交所暫停買賣， 並將繼續暫停買賣，直至刊發2024年全年業績為止。 內幕消息 有關 延遲刊發2024年全年業績及 繼續暫停買賣的補充公告 本公告乃由中國前沿科技集團（「本公司」，及其附屬公司統稱「本集團」）董事會 （「董事會」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2) 條及香港法例第571章證券及期貨條例第XIVA部項下之內幕消息條文而作出。 茲提述本公司日期為2025年3月28日之公告（「該公告」），內容有關（其中包括）延 遲刊發2024年全年業績。除另有指明外，本公告所用詞彙與該公告所界定者具有相 同涵義。 刊發2024年全年業績的進度更新 董 ...

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） 中國前沿科技集團 暫停買賣 茲提述中國前沿科技集團（「本公司」，及其附屬公司統稱「本集團」）日期為2025年 3月28日之內幕消息公告（「該公告」），內容有關（其中包括）延遲刊發2024年全年 業績及延期舉行董事會會議。除文義另有所指外，本公告所用詞彙與該公告所界 定者具有相同涵義。 由於該公告所述事項，本公司將延遲刊發2024年全年業績及延期舉行董事會會議。 應本公司之要求，本公司股份將自2025年4月1日上午九時正起於聯交所暫停買賣， 直至刊發2024年全年業績為止。 本公司將於適當時候另行刊發公告，以通知其股東及潛在投資者有關上述事項之 任何重大進展。 本公司股東及潛在投資者於買賣本公司股份時務請審慎行事。 承董事會命 聯席主席兼執行董 ...

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） 內幕消息 (1)可能延遲刊發2024年全年業績； (2)延期舉行董事會會議及 (3)可能暫停買賣 承董事會命 本公告乃由中國前沿科技集團（「本公司」，及其附屬公司統稱「本集團」）董事會 （「董事會」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09(2) 條及香港法例第571章證券及期貨條例第XIVA部項下之內幕消息條文而作出。 可能延遲刊發2024年全年業績 董事會謹此通知本公司股東（「股東」），由於本公司核數師（「核數師」）需要額外 時間完成審核程序，故將會延遲刊發有關本集團截至2024年12月31日止財政年度 的全年業績（「2024年全年業績」）的公告。本公司仍在收集及整理核數師執行及完 成其有關2024年全年業績的審 ...

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 ） 聯席主席兼執行董事 任文 香港，2025年3月12日 於本公告日期，本公司的執行董事為任文女士、黃文強先生、任松女士、盛杰先生、 常海松先生、王潔女士及張盼盼女士；而本公司的獨立非執行董事為梁曉文女士、 高文娟女士、吳明聰先生及彭小留女士。 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2025年3月28日（星期五）舉行本公司董事會會議，以考慮及通過本集 團截至2024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 （股份代號：1661） ...

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） 自願性公告 業務最新消息 本公告由中國前沿科技集團（「本公司」，連同其附屬公司統稱為「本集團」）自願 發佈，以向本公司股東及潛在投資者提供本集團近期發展的最新資料。 茲提述本公司日期為2024年9月3日的公告（「該公告」），內容有關本公司全資附屬 公司中國前沿科技研究院有限公司（「中國前沿科技研究院」）的業務發展。除另有 指明外，本公告所用詞彙與該公告所界定者具有相同涵義。 委任總經理 本公司董事會欣然宣佈，俞珂白先生（「俞先生」）將獲委任為中國前沿科技研究院 總經理，自2025年1月24日起生效，負責提供AI基礎設施的業務發展（「AI基礎設施 業務」）。 俞先生，44歲，於2023年獲得日內瓦大學應用數學博士學位。彼於2015年獲得上海 交 ...

股東特別大會的投票結果 董事會欣然宣佈，於2024年12月23日（星期一）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室舉行的股東特別大會上，該通告所載的普通決議案（「決議 案」）已以投票方式進行表決。本公司的香港股份過戶登記分處香港中央證券登記 有限公司獲委任為股東特別大會點票之監票員。 於股東特別大會日期，已發行股份總數為1,902,942,000股每股面值0.00025美元的已 發行股份，為賦予股東權利出席股東特別大會並於會上就決議案投票的股份總數。 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） 2024年12月23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2024年12月5日的股東特別大會（「股 東特別大會」）通告（「該通告」）及本公 ...

此乃要件 請即處理 閣下如對本通函的任何方面有任何疑問，應諮詢 閣下的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。 (1)建議股份合併； (2)增加法定股本； (3)更改每手買賣單位；及 (4)股東特別大會通告 本公司謹訂於2024年12月23日（星期一）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EGM-1至第EGM-3頁。本通 函亦隨附股東特別大會適用之代表委任表格。該代表委任表格亦刊載於香港交易及結算所有 限公司網站(https://www.hkexnews.hk)及本公司網站(http://www.wisdomsports.com.cn)。 ...

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。 (1)建議股份合併； (2)增加法定股本； 及 (3)更改每手買賣單位 建議股份合併 董事會建議將本公司已發行及未發行股本中每十(10)股現有股份合併為一(1)股 合併股份。於本公告日期，本公司有1,902,942,000股已繳足或入賬列作繳足的已 發行現有股份。假設自本公告日期起直至股東特別大會日期止將不再進一步發 行股份，則於股份合併生效後，將有190,294,200股已繳足或入賬列作繳足的已發 行合併股份。本公司法定股本仍將為1,000,000美元，惟將分為400,000,000股每股 面值0.0025美元的合併股份。 增加法定股本 本公告僅供參考之用，並不構成收購、購買或認購本公司任何證券的邀請或要約。 （ 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） 於股份合併完成後，本公司法定股本將 ...

Business Operations and Strategy - The company successfully hosted the "2024 Hong Kong University Global CEO Golf Celebrity Invitation Tournament" in Singapore and Hong Kong, marking its entry into the high-end golf event operation sector [8]. - The company plans to expand its operations in overseas high-end golf events to diversify its product offerings and broaden revenue sources [8]. - The company aims to leverage its experience in offline sports event operations to develop high-end golf event operations domestically and internationally [8]. - The company is focusing on professional event operations and high-end sports services as key strategic directions for 2024 [8]. - The company emphasizes the importance of diverse sports projects and high-level professional services to meet the needs of different sports enthusiasts [8]. - The company has established a solid foundation for future business expansion through proactive negotiations and communications in various sports events [7]. Financial Performance - The company's revenue increased approximately 761.5% from RMB 2.6 million for the six months ended June 30, 2023, to RMB 22.4 million for the six months ended June 30, 2024, primarily due to the growth in the event operation and marketing segment [12]. - Revenue from the event operation and marketing segment surged about 21.8 times, rising from RMB 0.9 million to RMB 20.5 million during the same period [12]. - The gross loss recorded for the six months ended June 30, 2024, was RMB 0.2 million, with a gross loss margin of 7.7% [14]. - The company reported a pre-tax profit of RMB 14.8 million for the six months ended June 30, 2024, compared to a pre-tax loss of RMB 6.4 million for the same period in 2023 [16]. - The net profit attributable to the owners of the company was RMB 14.1 million for the six months ended June 30, 2024, reversing from a loss of RMB 6.4 million in the prior year [18]. - Revenue for the six months ended June 30, 2024, was RMB 22,356,000, compared to RMB 2,571,000 for the same period in 2023, representing an increase of 769% [65]. - Gross profit for the same period was RMB 7,496,000, a significant recovery from a gross loss of RMB 257,000 in the prior year [65]. - Operating profit for the six months ended June 30, 2024, was RMB 15,442,000, compared to an operating loss of RMB 5,898,000 in the same period of 2023 [65]. - Other income increased to RMB 16,606,000 from RMB 5,744,000 year-over-year, marking a growth of 189% [65]. Cost and Expenses - The service cost rose approximately 432.1% from RMB 2.8 million to RMB 14.9 million, mainly driven by increased costs in the event operation and marketing segment [13]. - The total employee cost for the six months ended June 30, 2024, was RMB 2.0 million, down from RMB 18.8 million for the same period in 2023, indicating a substantial reduction in personnel expenses [36]. - The cost of services for the event operation and marketing division was RMB 13,658,000, and for the sports services division, it was RMB 1,202,000, resulting in a total service cost of RMB 14,860,000 [96]. Cash Flow and Liquidity - As of June 30, 2024, the group's cash and cash equivalents amounted to approximately RMB 266.3 million, an increase from RMB 173.7 million as of December 31, 2023 [20]. - The net current assets increased by approximately 47.2% from RMB 219.5 million as of December 31, 2023, to RMB 323.0 million as of June 30, 2024, indicating stable working capital to support business development [21]. - The current ratio improved to 982.97% from 690.90% as of December 31, 2023, indicating a significant increase in liquidity [35]. - The total increase in cash and cash equivalents was RMB 92,511 thousand, compared to an increase of RMB 22,501 thousand in the prior year, representing an increase of approximately 311% [73]. - Net cash flow from operating activities for the six months ended June 30, 2024, was RMB 46,697 thousand, a significant improvement from a net cash outflow of RMB 5,741 thousand in the same period of 2023 [73]. Share Capital and Equity - The company issued 310 million shares at a subscription price of HKD 0.139 per share, raising approximately HKD 43 million, which is intended for sports event development and operational funding [28]. - The issued ordinary shares increased to 1,902,942,000 as of June 30, 2024, from 1,592,942,000 as of December 31, 2023 [27]. - The company’s share capital increased to RMB 2,935,000 (approximately $0.42 million) from RMB 2,454,000 (approximately $0.35 million), reflecting a growth of 19.5% [69]. - The company has not pledged any shares as collateral for debts as of June 30, 2024, indicating a stable financial position [31]. Corporate Governance and Compliance - The company has fully complied with the corporate governance code as of June 30, 2024 [62]. - The audit committee has reviewed the financial statements and found no objections to the accounting policies adopted by the company [62]. - There were significant changes in the board of directors, with multiple appointments and resignations occurring throughout 2024 [63]. Strategic Initiatives and Future Plans - The company plans to develop a new business focused on cutting-edge technology asset management services, aiming to create a global, high-tech investment platform [10]. - The company has officially rebranded itself as "China Frontier Technology Group" to align with its new strategic direction [10]. - The company aims to explore opportunities in high-tech sectors and enhance its service offerings in sports and health industries [10]. Investment and Financial Assets - The fair value of financial assets as of June 30, 2024, included listed equity securities valued at RMB 5,033 thousand, indicating the company's investment strategy and market positioning [78]. - The fair value of financial assets measured at fair value through profit or loss for non-listed equity securities increased to RMB 2,062 thousand as of June 30, 2024, from RMB 1,928 thousand as of December 31, 2023 [86]. - The fair value of financial assets measured at fair value through other comprehensive income for non-listed equity securities was RMB 54,229 thousand as of June 30, 2024, down from RMB 56,282 thousand as of December 31, 2023 [87]. Events and Changes - The company changed its English name from "Wisdom Sports Group" to "China Frontier Technology Group" effective July 24, 2024 [57]. - The company agreed to sell its subsidiary Wisdom London Limited for £4,500,000, with an additional intercompany loan of approximately HKD 28,700,000 [58]. - The company appointed a new company secretary and authorized representative on July 31, 2024 [59]. - No significant events affecting the company's operations or financial condition occurred after June 30, 2024 [59].