杭品生活科技股份有限公司 HANG PIN LIVING TECHNOLOGY COMPANY LIMITED (Incorporated in Bermuda with limited liability 於百慕達註冊成立之有限公司) 股份代號 Stock Code :1682 Environmental, Social And Governance Report 2025 環境、社會及管治報告 環境、社會及管治報告 杭品生活科技股份有限公司（「本公司」，連同其附屬公司為「本集團」）主要從事(i)成衣採購；及(ii)提 供財務服務。 除爭取本集團股東（「股東」）之利益外，本集團亦十分重視環境、社會、不同持份者及其員工。本 公司董事會（「董事會」）認為穩健的環境、和諧的社會、良好的管治對本集團的業務及所在的社區 的可持續發展至關重要，所以本集團不僅致力提升財務績效，同時也積極採取了一系列政策與措 施以加強於環境保護方面的努力，履行社會責任及加強管治。 本公司已經制定了環境、社會及管治制度。董事會全面負責監督本集團的環境、社會及管治事宜， 致力將環境、社會及管治因素納入業務營運，並負責規劃和實施環境、社會和管治 ...

Financial Performance - Revenue for the year ended March 31, 2025, was HKD 81,477,000, a decrease of 15.7% compared to HKD 96,691,000 in 2024[2] - Gross profit for the year was HKD 855,000, down 62.9% from HKD 2,309,000 in the previous year[2] - The company reported a profit before tax of HKD 929,000, a significant recovery from a loss of HKD 6,655,000 in 2024[2] - Total comprehensive income attributable to owners of the company was HKD 746,000, compared to a loss of HKD 4,078,000 in the previous year[3] - Basic and diluted earnings per share for the year were HKD 0.12, recovering from a loss of HKD 0.47 in 2024[3] - The group reported a classified performance profit of HKD 135, compared to a loss of HKD 1,234 in the previous year, showing a significant improvement[22][23] - The group reported a profit of HKD 929,000 for the year ending March 31, 2025, compared to a loss of HKD 3,655,000 in the previous year[33] - The gross profit margin was approximately 1.05%, down by about 1.04 percentage points from 2.09% in the previous year[47] Assets and Liabilities - Non-current assets decreased to HKD 1,430,000 from HKD 1,062,000 in 2024, primarily due to a reduction in property, plant, and equipment[4] - Current assets decreased to HKD 96,064,000 from HKD 104,687,000, with trade receivables dropping significantly from HKD 13,979,000 to HKD 4,996,000[4] - Current liabilities decreased to HKD 8,258,000 from HKD 17,658,000, indicating improved liquidity[4] - The company's total equity increased to HKD 89,236,000 from HKD 88,091,000, reflecting a stable financial position[4] - Total comprehensive assets as of March 31, 2025, amount to HKD 97,494,000, down from HKD 105,749,000 in 2024[22][23] - Total comprehensive liabilities for 2025 are HKD 8,258,000, a decrease from HKD 17,658,000 in 2024[22][23] - Trade receivables from customer contracts decreased to HKD 4,683,000 in 2025 from HKD 13,646,000 in 2024, indicating a reduction of approximately 66%[34] - Trade payables decreased to HKD 4,617,000 in 2025 from HKD 13,500,000 in 2024, reflecting a decline of approximately 66%[36] Revenue Sources - Customer contract revenue from garment procurement for the year 2025 is HKD 81,477,000, a decrease of 14.5% from HKD 95,311,000 in 2024[13] - Revenue from external customers in Mainland China for 2025 is HKD 81,477,000, down from HKD 95,311,000 in 2024, reflecting a decline of 14.5%[24] - The group’s total revenue from other income, gains, and losses rose to HKD 12,459,000 in 2025, up from HKD 4,725,000 in 2024, marking a significant increase of about 164%[26] - Total bank interest income increased to HKD 2,364,000 in 2025 from HKD 1,026,000 in 2024, reflecting a growth of approximately 130%[26] Economic Environment - The global economic recovery remains weak, with China's GDP expected to grow by 5.0% in 2024 despite challenges from geopolitical conflicts and inflation[39] - Hong Kong's real GDP expanded by 3.1% year-on-year in Q1 2025, supported by significant increases in goods exports and service outputs[44] - The forecast for China's economic growth is projected to decline from 5.0% in 2024 to 4.0% in both 2025 and 2026 due to increasing trade tensions and policy uncertainties[43] - The overall inflation rate in Hong Kong is expected to remain at 1.5% for basic goods and 1.8% for overall consumer prices in 2025[45] Strategic Initiatives - The company aims to accelerate its strategic layout in the financial services sector, including asset management and financing leasing, to enhance its product offerings[41] - The company has established a new supplier selection process to promote sustainable business growth, focusing on reputable suppliers with strong financial health[40] - The company anticipates a gradual recovery in domestic consumption supported by government policies, despite ongoing uncertainties in the real estate market[45] - The group aims to reduce inventory pressure and operational costs while seeking new business opportunities to enhance shareholder returns[46] - The group has implemented a prudent financial management strategy to maintain a stable liquidity position and minimize credit risk[49] Governance and Compliance - The company complied with all provisions of the corporate governance code for the year ending March 31, 2025, with some deviations noted regarding the roles of the chairman and CEO[71] - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with the standards set forth in the listing rules[77] - All directors confirmed adherence to the established code of conduct during the reporting period[77] - The audit committee held four meetings during the year ending March 31, 2025, addressing key matters including the review of interim and annual reports[75] Shareholder Returns - The group did not declare or recommend any dividends for the current year, consistent with the previous year[32] - The board has resolved not to declare any final dividend for the year ending March 31, 2025, similar to the previous year[63] Investments - The company’s indirect wholly-owned subsidiary sold a total of 900,000 shares of China Construction Bank for approximately HKD 5,742,000 on April 7, 2025[64] - On May 7, 2025, the company’s subsidiary acquired 1,000,000 shares of PetroChina for approximately HKD 6,030,000[65] - An additional acquisition of 1,000,000 shares of PetroChina was made on May 20, 2025, for approximately HKD 6,285,000[65] - The company had no outstanding share options as of March 31, 2025, following the cancellation and expiration of 20,768,000 options during the reporting period[69]

（股份代號：1682） 正面盈利預告 本 公 告 乃 由 杭 品 生 活 科 技 股 份 有 限 公 司 （ 「 本公司 」 ）, 連同其附屬公司稱為 （「本集團 」）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「證券及期貨條例」）第XIVA部項下 之內幕消息條文（定義見上市規則）而作出。 本公司董事（「董 事 」）會（「董事會 」）謹此知會本公司股東（「股 東 」）及 潛在投資者，根據本集團管理層所作之初步評估及本集團截至二零二 五年三月三 十一日止十二個月之未經審核綜合管理帳目，預期截至二零二 五年三月三十一日 止十二個月本集團將錄得約0 .9 3百萬港元之利潤淨額，代表從二零二 四年同期之 經審核綜合虧損約3 . 6 6百萬港元扭虧為盈。根據目前獲得的資料，有關扭虧為盈 乃主要源自透過損益按公平值計量之金融資產之公平值變動之收益約 7 . 6 3百萬港 元。 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分內容 而產生或 因倚賴 ...

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分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 HANG PIN LIVING TECHNOLOGY COMPANY LIMITED 杭 品 生 活 科 技 股 份 有 限 公 司 杭品生活科技股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈將於二零 二五年六月二十日（星期五）舉行董事會會議，藉此（其中包括）（i）考慮及批准本 公司及其附屬公司截至二零二五年三月三十一日止年度之全年業績及其刊發，以及（ii） 考慮派發末期股息（如有）。 (於百慕達註冊成立的有限公司) （股份代號：1682） 董事會會議日期 於本公告日期，董事會包括執行董事林繼陽先生、吳凱先生及張凱原先生；獨立非執行董事陳 健先生、周致人先生及黃冰芬女士。 承董事會命 杭品生活科技股份有限公司 總裁兼執行董事 林繼陽 香港，二零二五年六月九日 ...

Group 1 - Heng Rui Pharmaceutical has set the final price for its H-share issuance at HKD 44.05 per share, which is the upper limit of the previously expected price range [1] - The H-shares will officially be listed on the Hong Kong Stock Exchange on May 23, with cornerstone investors including GIC, Invesco, UBS Global Asset Management, Hillhouse Capital, and Boyu Capital [1] - The purpose of this H-share issuance is to further promote the company's global strategic layout, enhance its international brand image, and strengthen connections with overseas capital markets [1] Group 2 - Chao Hong Ji is planning to issue H-shares for listing on the Hong Kong Stock Exchange, with details and plans yet to be finalized [2] - The company has experienced significant stock price fluctuations, with a cumulative increase of over 20% in closing prices over three consecutive trading days [2] - This move is aimed at expanding the international market and enhancing brand influence, which is expected to positively impact the company's long-term development [2] Group 3 - ZTO Express reported a revenue of CNY 10.892 billion for Q1 2025, representing a year-on-year increase of 9.4% [3] - The gross profit for the same period was CNY 2.689 billion, a decrease of 10.4% year-on-year, while the adjusted net profit was CNY 2.259 billion, up 1.6% year-on-year [3] - The company completed a total of 8.5 billion packages in Q1, marking a year-on-year growth of 19.1% [3] Group 4 - Hangpin Life Technology announced the acquisition of 1 million shares of China Petroleum at an average price of HKD 6.285 per share, totaling HKD 6.285 million [4] - This acquisition is part of the company's diversification strategy, aimed at increasing investment returns and financial flexibility [4] - The shares acquired will be held as a long-term investment to achieve capital appreciation and potential dividend income [4]

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。 HANG PIN LIVING TECHNOLOGY COMPANY LIMITED 杭 品 生 活 科 技 股 份 有 限 公 司 （於百慕達註冊成立的有限公司） （股份代號：1682） 1 須予披露交易 進一步收購上市證券 進一步收購事項 茲提述本公司於二零二五年五月七日刊發之公告，內容有關（其中包括）先前收購事 項。於二零二五年五月二十日，收購方，為本公司之間接全資附屬公司，在公開市場上 以總代價約6,285,000港元（不包括交易成本），按每股中國石油股份約6.285港元之平 均價格進一步收購合共1,000,000股中國石油股份。 上市規則之涵義 由於上市規則第14.07條下有關進一步收購事項之一項或以上的適用百分比率（無論是 以獨立基準計算，還是與進一步收購事項前12個月內進行的先前收購事項合併計算）超 過5%，但全部低於25%，根據上市規則第十四章，進一步收購事項構成本公司之須予披 露交易，因 ...

有關訴訟之最新狀況 本公告乃由杭品生活科技股份有限公司（「本公司」）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條及香港法例第571章證券及期貨條例第 XIVA部內幕消息條文而作出。 謹此提述本公司日期為二零二零年九月二日、二零二零年九月二十五日、二零二一 年二月八日、二零二一年四月二十三日、二零二三年八月二十九日、二零二三年九 月二十六日、二零二四年六月十三日及二零二四年七月五日有關訴訟、登記及 判決之公告（「該等公告」）。除另有界定者外，本公告所用詞彙與該等公告所界定 者具有相同涵義。 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 部分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。 HANG PIN LIVING TECHNOLOGY COMPANY LIMITED 杭 品 生活 科 技 股 份 有限 公 司 （於百慕達註冊成立的有限公司） （股份代號：1682） 內幕消息 杭品生活科技股份有限公司 總裁兼執行董事 林繼陽 香港，二零二五年五月十二日 1 於本公告日期，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。 HANG PIN LIVING TECHNOLOGY COMPANY LIMITED 杭 品 生 活 科 技 股 份 有 限 公 司 （於百慕達註冊成立的有限公司） （股份代號：1682） 須予披露交易 收購上市證券 收購事項 於二零二五年五月七日，收購方，為本公司之間接全資附屬公司，在公開市場上以總代 價約6,030,000港元（不包括交易成本），按每股中國石油股份約6.03港元之平均價格 收購合共1,000,000股中國石油股份。 上市規則之涵義 由於上市規則第14.07條下有關收購事項之一項或以上的適用百分比率超過5%但全部低 於25%，根據上市規則第十四章，收購事項構成本公司之須予披露交易，因此須遵守上 市規則之申報及公告規定。 收購事項 於二零二五年五月七日，收購方，為本公司之間接全資附屬公司，在公開市場上以總代 價約6,030,000港元（不包括交易成本），按每股中國石油股份約6.03港元之平 ...

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佈的內容概不負責，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佈全部或任何部分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。 Hang Pin Living Technology Company Limited 杭品生活科技股份有限公司 （於百慕達註冊成立之有限公司） （股份代號：1682） 更改香港股份過戶登記分處 杭品生活科技股份有限公司 (「本公司」) 董事會宣佈, 自二零二五年二月 二十八日起, 本公司之香港股份過戶登記分處將更改為: - 卓佳證券登記有限公司 香港夏慤道 16 號 遠東金融中心 17 樓 電話 : (852) 2980 1333 傳真 : (852) 2810 8185 由二零二五年二月二十八日起, 有關本公司之股份過戶及登記手續將由卓 佳證券登記有限公司辦理。 於二零二五年二月二十七日下午四時三十分後 仍未領取之股票, 可於二零二五年二月二十八日起從卓佳證券登記有限公 司領取。 承董事會命 杭品生活科技股份有限公司 林繼陽 行政總裁兼執行董事 香港, 二零二五年一月二十七日 截至本公告日期，本公司執行 ...

Corporate Governance and Board Structure - The company's Board Chairman position has been vacant since July 31, 2020, and the Board currently has no intention to fill this position[9] - The company has not established an internal audit function due to considerations of scale and cost-effectiveness, but the Audit Committee reviews the internal control system annually[11] - The company has not arranged insurance for legal proceedings against its directors, as it believes the risk of such proceedings is relatively low[12] - The company has established a code of conduct for directors' securities transactions, which is not less stringent than the standards set by the Model Code[29] - Mr. Lin resigned as an independent non-executive director of Time Service Limited on December 2, 2024[31] Financial Performance and Results - Revenue for the six months ended September 30, 2024, was HK$44.026 million, a decrease from HK$61.051 million in the same period in 2023[65] - Gross profit for the period was HK$582 thousand, down from HK$1.9 million in the previous year[65] - Profit before tax for the six months ended September 30, 2024, was HK$3.779 million, compared to a loss of HK$2.15 million in the same period in 2023[65] - Cash and cash equivalents increased to HK$69.483 million as of September 30, 2024, up from HK$60.238 million at the end of March 2024[68] - The company's net current assets stood at HK$91.126 million as of September 30, 2024, compared to HK$87.029 million at the end of March 2024[68] - Total equity increased to HK$91.87 million as of September 30, 2024, from HK$88.091 million at the end of March 2024[68] - The company's clothing procurement segment generated HK$44.026 million in revenue, while the financial services segment recorded a loss of HK$23 thousand[77] - Other income and gains for the period amounted to HK$8.577 million, up from HK$3.275 million in the same period in 2023[65] - The company's administrative and operating expenses decreased to HK$5.301 million from HK$7.242 million in the previous year[65] - The company's total assets as of September 30, 2024, were HK$100.396 million, compared to HK$104.687 million at the end of March 2024[68] - Revenue from apparel procurement was HKD 59.726 million, while financial services contributed HKD 1.325 million, totaling HKD 61.051 million for the six months ended September 30, 2023[86] - Segment performance showed a profit of HKD 2.798 million from apparel procurement and HKD 1.296 million from financial services, with a total segment profit of HKD 4.094 million[86] - Other income and gains/losses for the six months ended September 30, 2024, totaled HKD 8.577 million, compared to HKD 3.275 million in the same period in 2023[87] - The company recorded a profit attributable to owners of HKD 3.779 million for the six months ended September 30, 2024, compared to a loss of HKD 2.150 million in the same period in 2023[93] - Trade receivables from customer contracts amounted to HKD 7.092 million as of September 30, 2024, down from HKD 13.646 million as of March 31, 2024[101] - Trade payables decreased to HKD 6.993 million as of September 30, 2024, from HKD 13.500 million as of March 31, 2024[103] - Basic and diluted earnings per share were calculated based on a profit of HKD 3.779 million and a weighted average number of ordinary shares of 785,927,000[93] - Group revenue decreased by 26.29% to approximately HKD 44,026,000, primarily due to weak retail demand in China[192] - Gross profit margin decreased by 1.79 percentage points to 1.32%[192] - Administrative and operating expenses decreased by 26.80% to approximately HKD 5,301,000[192] - Profit attributable to owners of the company was approximately HKD 3,779,000, compared to a loss of HKD 2,150,000 in the previous year[192] - Total assets as of September 30, 2024, were approximately HKD 101,140,000, with cash and cash equivalents of HKD 69,483,000[193] Investments and Dividends - The company did not purchase, redeem, or sell any of its listed securities during the reporting period[9] - The company's major investments as of September 30, 2024, include a 50% stake in Proud Sun International Limited, held by Mr. Wu Lianghao and Mr. Yu Xueming[25] - The company received dividends of approximately HKD 297,000 from 500,000 shares of China National Offshore Oil Corporation[35] - The company received dividends of approximately HKD 1,105,000 from 2,800,000 shares of China Construction Bank Corporation[35] - The company received dividends of approximately HKD 268,000 from 850,000 shares of Industrial and Commercial Bank of China[35] - The company received dividends of approximately HKD 257,000 from 1,150,000 shares of Bank of China[35] - The company sold 1,000,000 shares of China Construction Bank Corporation in the open market, generating proceeds of approximately HKD 1,162,000[36] - The company sold 850,000 shares of Industrial and Commercial Bank of China in the open market, generating proceeds of approximately HKD 276,000[36] - The company sold 400,000 shares of Bank of China in the open market, generating proceeds of approximately HKD 204,000[36] - The Board of Directors does not recommend the payment of any interim dividend for the six months ended September 30, 2024[58] - The company did not declare or propose any dividends for the six months ended September 30, 2024[91] - The company holds investments in China Ocean Oil Limited, China Construction Bank Corporation, Industrial and Commercial Bank of China Limited, and Bank of China Limited, with varying share quantities and values as of September 30, 2024[145] Legal and Regulatory Matters - The company is involved in a legal case where it is required to pay approximately RMB 48,400,000 (equivalent to HKD 52,600,000) due to a judgment registration under the Mainland Judgments (Reciprocal Enforcement) Ordinance[116] - The company applied to deregister the judgment on September 22, 2023, and on June 13, 2024, the High Court ruled to suspend the registration[117] - The plaintiff has filed an appeal against the High Court's decision, as notified on July 5, 2024[118] Employee and Operational Costs - The company's employee costs (excluding directors' remuneration) were approximately HKD 2,343,000 during the reporting period[56] - The company had approximately 16 employees (excluding directors) as of September 30, 2024[56] Market and Economic Conditions - The company's garment procurement business faced challenges due to weak domestic demand and slower GDP growth in China, with Q2 2024 GDP growth slowing to 4.7% from 5.3% in Q1[161] - Hong Kong's retail sector struggled with reduced local consumption due to increased outbound travel and lower nighttime foot traffic compared to pre-pandemic levels[163] - The IMF's October 2024 World Economic Outlook predicts global economic growth will remain stable at 3.2% in 2024 and 2025, with adjustments in forecasts for the US, Europe, and emerging markets[167] - Hong Kong's real GDP grew by 1.8% year-on-year in Q3 2024, with a cumulative growth of 2.6% for the first three quarters[168] - China's social retail sales grew by 3.7% year-on-year in H1 2024, with department store and brand specialty store sales declining by 3.0% and 1.8% respectively[183] - China's GDP growth is projected to decline from 5.2% in 2023 to 4.8% in 2024 and further to 4.5% in 2025[189] - The apparel industry faced challenges from inflation, geopolitical tensions, and trade barriers, leading to slower export recovery[183] - Consumer confidence in China remained low due to weak real estate market and employment conditions, impacting overall domestic demand[183] Business Strategy and Diversification - The company is exploring business diversification opportunities, including financial services, to enhance its product and service systems and capture market share in China and Hong Kong[165] - The company's financial services business, launched in 2018, focuses on expanding strategic layouts in mainland China and Hong Kong to diversify revenue sources[165] - The group terminated domestic lease agreements and sold assets, shifting to a light-asset business model to reduce inventory pressure and operational costs[191] - The group expects marginal improvement in consumer trends in China due to government policies aimed at boosting the real estate market and domestic demand[191] - The group maintains strict control over supply chain quality to ensure consistent product quality[191] - The group is actively seeking new business opportunities to expand profit channels and enhance shareholder returns[191] - The company implemented a new supplier selection process to address market challenges, focusing on financially stable and reputable suppliers[184] Financial Services and Lending - The company's financial services business generates income and profit through interest income from lending activities[186] - The company uses a Debt-to-Income (DTI) ratio as a decision-making tool, rejecting loan applications with a DTI exceeding 80% unless approved by the board, and the DTI must not exceed 90% under any circumstances[150] - The company actively manages post-loan risks by monitoring borrower repayments, conducting regular communication, and reviewing loan credit limits and borrower asset values quarterly[150] - No borrowers defaulted on interest or principal payments, and no loans were written off during the fiscal year ending March 31, 2024, and the six months ending September 30, 2024[166] - The company's lending business, operated by subsidiary Jin Gaofeng, focuses on secured and unsecured loans to individuals and companies in Hong Kong and China[186] Liquidity and Financial Position - The company maintains sufficient funds for existing business development, with a healthy liquidity position[173] - The group has no bank or other borrowings, maintaining a strong liquidity position[194] - The company's current ratio improved significantly to 10.83:1 as of September 30, 2024, compared to 5.93:1 on March 31, 2024[173] - The company's operating funds are mainly financed through internally generated cash flows, with most cash balances held in USD, HKD, and RMB deposits at major international financial institutions[147] Accounting and Financial Reporting - The Audit Committee reviewed the unaudited interim financial statements for the six months ended September 30, 2024, including the accounting principles and practices adopted by the group[13] - The company applied revised Hong Kong Financial Reporting Standards effective from April 1, 2024, with no material impact on financial performance[80] - The company's credit period to customers typically ranges from 30 to 150 days[98] - The company has issued and fully paid 785,927,000 ordinary shares with a par value of HKD 0.01 each as of September 30, 2024[111]