Core Viewpoint - The company, Liji Engineering Holdings (01690), announced a share buyback plan, indicating confidence in its financial position and future prospects [1] Group 1 - The company will spend HKD 347,700 to repurchase 5.26 million shares [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 立基工程(控股)有限公司 呈交日期： 2025年9月10日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 01690 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | | | | | | 事件 | 已發行股份（不 ...

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8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: 立基工程(控股)有限公司 FF301 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 01690 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,450,490,000 | | 0 | | 1,450,490,000 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 1,450,490,000 | | 0 | | 1,450,490,000 | 呈交日期: 2025年9月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 ...

Core Insights - The company, Liji Engineering Holdings (01690), reported a mid-year performance for 2025, with revenue of approximately HKD 134 million, representing a year-on-year increase of 17% [1] - Net profit decreased to HKD 415,000, reflecting a significant decline of 68.37% compared to the previous year [1] - Earnings per share stood at HKD 0.03 [1] Revenue Analysis - The increase in revenue is attributed to a higher contract amount for projects undertaken during the reporting period compared to the same period last year [1] Profitability Factors - The decrease in net profit is primarily due to the net impact of several factors: an increase in gross profit, a decrease in other income, and an increase in administrative expenses [1]

Lap Kei Engineering (Holdings) Limited 立基工程（控股）有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：1690） NOTIFICATION LETTER 通知信函 Yours faithfully, Lap Kei Engineering (Holdings) Limited Notes: 各位非登記持有人 （附註 1 ） ： Dear Non-registered Holder(s)(Note 1) , Date as postmarked Lap Kei Engineering (Holdings) Limited (the "Company") - Notice of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's C ...

Lap Kei Engineering (Holdings) Limited 立基工程（控股）有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：1690） NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, Date as postmarked Lap Kei Engineering (Holdings) Limited (the "Company") – Notice of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.lapkeieng.c ...

[Interim Results](index=2&type=section&id=Interim%20Results) [Unaudited Condensed Consolidated Financial Statements](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This chapter presents the unaudited condensed consolidated financial statements for the six months ended June 30, 2025, reflecting the company's financial performance and position [Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) Profit or Loss and Other Comprehensive Income Overview (For the six months ended June 30) | Indicator | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Revenue | 134,461 | 114,916 | | Cost of revenue | (125,638) | (106,570) | | Gross profit | 8,823 | 8,346 | | Other income | 1,425 | 2,911 | | Administrative expenses | (9,833) | (9,686) | | Profit before income tax | 415 | 1,571 | | Income tax expense | – | (259) | | Profit and total comprehensive income for the period | 415 | 1,312 | | Basic earnings per share (HK cents) | 0.03 | 0.09 | [Unaudited Condensed Consolidated Statement of Financial Position](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) Financial Position Overview (As at June 30) | Indicator | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | **Assets** | | | | Non-current assets | 11,333 | 12,568 | | Current assets | 279,040 | 346,510 | | **Liabilities** | | | | Current liabilities | 154,392 | 207,931 | | Non-current liabilities | 974 | 974 | | **Equity** | | | | Total equity | 135,007 | 150,173 | - Net current assets as at June 30, 2025, were **HK$124,648 thousand**, a decrease from **HK$138,579 thousand** as at December 31, 2024[4](index=4&type=chunk) [Unaudited Condensed Consolidated Statement of Changes in Equity](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) Equity Movement Overview (For the six months ended June 30) | Item | Share Capital (HK$'000) | Share Premium (HK$'000) | Retained Earnings (HK$'000) | Total (HK$'000) | | :--- | :--- | :--- | :--- | :--- | | As at January 1, 2025 | 14,646 | 43,436 | 91,481 | 150,173 | | Profit and total comprehensive income for the period | – | – | 415 | 415 | | Shares repurchased and cancelled | (141) | (935) | – | (1,076) | | Dividends recognised as distribution | – | – | (14,505) | (14,505) | | As at June 30, 2025 | 14,505 | 42,501 | 77,391 | 135,007 | - Share capital decreased by **HK$141 thousand** due to shares repurchased and cancelled during the period, resulting in a total equity reduction of **HK$1,076 thousand**[5](index=5&type=chunk) - Dividends recognised as distribution amounted to **HK$14,505 thousand**[5](index=5&type=chunk) [Unaudited Condensed Consolidated Statement of Cash Flows](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) Cash Flow Overview (For the six months ended June 30) | Indicator | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Net cash generated from operating activities | 18,502 | 14,507 | | Net cash generated from investing activities | 687 | 877 | | Net cash (used in) / generated from financing activities | (15,582) | 19,152 | | Net increase in cash and cash equivalents | 3,607 | 34,536 | | Cash and cash equivalents at end of period | 62,328 | 80,292 | - Net cash generated from operating activities increased by **27.5%** year-on-year, from **HK$14,507 thousand** in 2024 to **HK$18,502 thousand** in 2025[7](index=7&type=chunk) - Financing activities shifted from a net cash inflow of **HK$19,152 thousand** in the prior period to a net cash outflow of **HK$15,582 thousand** in the current period[7](index=7&type=chunk) [Notes to the Unaudited Condensed Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20the%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This chapter details the basis of preparation, accounting policies, segment revenue, key expenses, taxes, dividends, EPS, and related party transactions [1. General Information](index=6&type=section&id=1.%20General%20Information) - The company was incorporated in the Cayman Islands as an exempted company on April 29, 2015, with shares listed on the Hong Kong Stock Exchange[8](index=8&type=chunk) - The company is an investment holding company, with subsidiaries primarily providing various building services engineering systems, maintenance, and repair services[8](index=8&type=chunk) [2. Basis of Preparation](index=6&type=section&id=2.%20Basis%20of%20Preparation) - The interim financial statements are prepared in accordance with Hong Kong Accounting Standard 34 'Interim Financial Reporting' and applicable disclosure requirements of the Listing Rules[10](index=10&type=chunk) - New and revised HKFRSs adopted during the period, such as HKAS 21 (Amendment) 'Lack of Exchangeability', had no significant impact on the Group's operating results or financial position[11](index=11&type=chunk) [3. Revenue and Segment Information](index=7&type=section&id=3.%20Revenue%20and%20Segment%20Information) - The Group's revenue primarily derives from building services engineering and maintenance, repair, and other services[12](index=12&type=chunk) Revenue by Business Segment (For the six months ended June 30) | Business Segment | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Building services engineering | 129,211 | 108,920 | | Maintenance, repair and other services | 5,250 | 5,996 | | **Total** | **134,461** | **114,916** | Segment Results by Business Segment (For the six months ended June 30) | Business Segment | 2025 Segment Results (HK$'000) | 2024 Segment Results (HK$'000) | | :--- | :--- | :--- | | Building services engineering | 7,597 | 7,577 | | Maintenance, repair and other services | 1,226 | 769 | | **Total** | **8,823** | **8,346** | [4. Profit Before Income Tax](index=9&type=section&id=4.%20Profit%20Before%20Income%20Tax) Key Expense and Income Items (For the six months ended June 30) | Item | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Directors' remuneration | 2,973 | 6,519 | | Total staff costs | 24,858 | 30,579 | | Auditor's remuneration | 523 | 498 | | Depreciation of property, plant and equipment | 1,415 | 1,271 | | Impairment loss on trade receivables reversed | (375) | (469) | | Bank interest income | (1,047) | (831) | - Directors' remuneration significantly decreased from **HK$6,519 thousand** in 2024 to **HK$2,973 thousand** in 2025[16](index=16&type=chunk) - Total staff costs decreased by **18.6%** year-on-year, from **HK$30,579 thousand** to **HK$24,858 thousand**[16](index=16&type=chunk) [5. Income Tax Expense](index=10&type=section&id=5.%20Income%20Tax%20Expense) - No Hong Kong profits tax provision was made for the six months ended June 30, 2025, as Hong Kong subsidiaries had no assessable profits[18](index=18&type=chunk) - The Hong Kong profits tax rate is **16.5%**[18](index=18&type=chunk) [6. Dividends](index=10&type=section&id=6.%20Dividends) - The Board resolved not to declare an interim dividend for the six months ended June 30, 2025 (nil for the same period in 2024)[19](index=19&type=chunk) - A final dividend of **HK$14,505,000** (HK$0.01 per share) was paid for the year ended December 31, 2024[19](index=19&type=chunk) [7. Earnings Per Share](index=10&type=section&id=7.%20Earnings%20Per%20Share) Basic Earnings Per Share Calculation (For the six months ended June 30) | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Profit for the purpose of basic earnings per share (HK$'000) | 415 | 1,312 | | Weighted average number of ordinary shares for basic earnings per share (thousand shares) | 1,460,468 | 1,511,810 | | Basic earnings per share (HK cents) | 0.03 | 0.09 | - The Group had no potential dilutive ordinary shares outstanding during the reporting period[21](index=21&type=chunk) [8. Movements in Property, Plant and Equipment](index=11&type=section&id=8.%20Movements%20in%20Property,%20Plant%20and%20Equipment) - Additions to property, plant and equipment amounted to **HK$748,000** during the relevant period (nil for the same period last year)[22](index=22&type=chunk) [9. Movements in Intangible Assets](index=11&type=section&id=9.%20Movements%20in%20Intangible%20Assets) - Amortisation of intangible assets was approximately **HK$30,000** during the relevant period, consistent with the prior period[23](index=23&type=chunk) [10. Trade and Other Receivables](index=11&type=section&id=10.%20Trade%20and%20Other%20Receivables) Trade and Other Receivables (As at June 30) | Item | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Trade receivables, net | 45,681 | 82,931 | | Deposits paid | 62,985 | 63,794 | | Other receivables and prepayments | 550 | 5,917 | | **Total** | **109,216** | **152,642** | - Net trade receivables significantly decreased from **HK$82,931 thousand** as at December 31, 2024, to **HK$45,681 thousand** as at June 30, 2025[24](index=24&type=chunk) Ageing Analysis of Trade Receivables (As at June 30) | Ageing | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | 0 to 30 days | 9,255 | 42,162 | | 31 to 60 days | 19,311 | 28,402 | | 61 to 90 days | 3,538 | 7,435 | | Over 90 days | 13,577 | 4,932 | [11. Trade and Other Payables](index=12&type=section&id=11.%20Trade%20and%20Other%20Payables) Trade and Other Payables (As at June 30) | Item | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Trade payables | 57,900 | 71,874 | | Retention payables | 12,564 | 11,752 | | Accrued subcontracting and material costs | 74,214 | 104,415 | | Accrued staff costs, other payables and accruals | 9,090 | 16,728 | | **Total** | **153,768** | **204,769** | - Total trade and other payables decreased from **HK$204,769 thousand** as at December 31, 2024, to **HK$153,768 thousand** as at June 30, 2025[26](index=26&type=chunk) Ageing Analysis of Trade Payables (As at June 30) | Ageing | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | 0 to 30 days | 15,469 | 46,814 | | 31 to 60 days | 13,251 | 5,798 | | 61 to 90 days | 4,783 | 485 | | Over 90 days | 24,397 | 18,777 | [12. Share Capital](index=13&type=section&id=12.%20Share%20Capital) - As at June 30, 2025, the number of issued shares was **1,450,490,000**, a decrease from **1,464,600,000** shares as at December 31, 2024[28](index=28&type=chunk) - The decrease in share capital was primarily due to the repurchase and cancellation of **14,110,000** shares[28](index=28&type=chunk) [13. Related Party Disclosures](index=14&type=section&id=13.%20Related%20Party%20Disclosures) Related Party Transactions (For the six months ended June 30) | Related Party | Nature of Transaction | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | :--- | | LKW Company Limited | Rent paid/payable | 265 | 265 | | Mr. Wong and Ms. So | Rent paid/payable | 548 | 548 | Key Management Personnel Remuneration (For the six months ended June 30) | Item | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Salaries and other allowances | 2,712 | 6,258 | | Retirement benefit scheme contributions | 27 | 27 | | **Total** | **2,739** | **6,285** | - Key management personnel remuneration significantly decreased from **HK$6,285 thousand** in 2024 to **HK$2,739 thousand** in 2025[31](index=31&type=chunk) [Management Discussion and Analysis](index=15&type=section&id=Management%20Discussion%20and%20Analysis) This chapter provides management's perspective on the Group's business review, financial performance, liquidity, share capital, and corporate governance [Business Review and Outlook](index=15&type=section&id=Business%20Review%20and%20Outlook) - The Group's principal business is providing various building services engineering systems in Hong Kong, including mechanical ventilation, air-conditioning, electrical, plumbing, drainage, and fire services systems, along with maintenance and repair services[32](index=32&type=chunk) - The Group will continue its key business strategies, including undertaking larger projects, expanding service scope by applying for additional licenses, and strengthening the engineering department by recruiting qualified employees[33](index=33&type=chunk) [Financial Review](index=16&type=section&id=Financial%20Review) - Revenue increased by approximately **17%** from **HK$114.9 million** in the same period of 2024 to approximately **HK$134.5 million** in 2025, primarily due to an increase in project contract amounts[34](index=34&type=chunk) - Cost of revenue increased by approximately **18%** year-on-year, consistent with revenue growth[35](index=35&type=chunk) - Gross profit increased by approximately **6.0%** year-on-year to **HK$8.8 million**, but the overall gross profit margin slightly decreased from **7.3%** to **6.6%**[36](index=36&type=chunk) - Administrative expenses slightly increased by **1%** to **HK$9.8 million**, mainly due to higher administrative staff salaries and other administrative expenses[37](index=37&type=chunk) - Profit and total comprehensive income for the period decreased from **HK$1.3 million** in the same period of 2024 to **HK$0.4 million** in 2025, primarily due to the net effect of decreased other income and increased administrative expenses[38](index=38&type=chunk) - The current ratio was approximately **1.8 times** as at June 30, 2025 (December 31, 2024: approximately **1.7 times**), indicating improved liquidity[40](index=40&type=chunk) - The gearing ratio was **zero** as at June 30, 2025 (December 31, 2024: zero), indicating no external borrowings[41](index=41&type=chunk) - The Group pledged approximately **HK$5.4 million** in bank deposits and approximately **HK$4.7 million** in leasehold land and buildings to banks as collateral for bank financing[43](index=43&type=chunk) - All of the Group's revenue-generating businesses are transacted in Hong Kong Dollars, facing no significant foreign exchange risk, and no hedging policy is in place[45](index=45&type=chunk) [Share Capital Structure](index=19&type=section&id=Share%20Capital%20Structure) - As at June 30, 2025, the company's issued share capital was **HK$14,504,900**, with **1,450,490,000** issued shares[46](index=46&type=chunk) - During the period, **14,110,000** ordinary shares were repurchased and cancelled[46](index=46&type=chunk) [Capital Commitments](index=19&type=section&id=Capital%20Commitments) - As at June 30, 2025, the Group had no material capital commitments[47](index=47&type=chunk) [Future Plans for Material Investments and Capital Assets](index=19&type=section&id=Future%20Plans%20for%20Material%20Investments%20and%20Capital%20Assets) - The Group had no other material investment or capital asset plans as at June 30, 2025[48](index=48&type=chunk) [Material Acquisitions and Disposals of Subsidiaries, Associates and Joint Ventures](index=19&type=section&id=Material%20Acquisitions%20and%20Disposals%20of%20Subsidiaries,%20Associates%20and%20Joint%20Ventures) - During the relevant period, the Group had no material acquisitions or disposals of subsidiaries, associates, or joint ventures[49](index=49&type=chunk) [Contingent Liabilities](index=19&type=section&id=Contingent%20Liabilities) - As at June 30, 2025, the Group had no material contingent liabilities[50](index=50&type=chunk) [Employees and Remuneration Policy](index=20&type=section&id=Employees%20and%20Remuneration%20Policy) - As at June 30, 2025, the Group employed **112** employees (December 31, 2024: **113** employees)[51](index=51&type=chunk) - Staff costs (including directors' remuneration) were approximately **HK$24.9 million**, a decrease from the same period last year[51](index=51&type=chunk) - Remuneration policy is based on employee qualifications, performance, and development potential, offering attractive benefits including retirement, medical, and training sponsorships[51](index=51&type=chunk) [Material Investments Held](index=20&type=section&id=Material%20Investments%20Held) - The Group held no material investments for the six months ended June 30, 2025[53](index=53&type=chunk) [Disclosure of Interests](index=21&type=section&id=Disclosure%20of%20Interests) [A. Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares or Debentures](index=21&type=section&id=A.%20Directors'%20and%20Chief%20Executive's%20Interests%20and%20Short%20Positions%20in%20Shares,%20Underlying%20Shares%20or%20Debentures) Directors' Long Positions in Shares (As at June 30, 2025) | Name of Director | Capacity/Nature of Interest | Number of Shares | Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Mr. Wong | Interest in controlled corporation | 653,000,000 | 45.02% | | Mr. Wong | Beneficial owner | 384,490,000 | 26.51% | | Mr. Wong | Spouse's interest | 8,000,000 | 0.55% | | Ms. So | Spouse's interest | 1,037,490,000 | 71.53% | | Ms. So | Beneficial owner | 8,000,000 | 0.55% | | Mr. Tang Shun Man | Beneficial owner | 160,000 | 0.01% | | Mr. Lau Kwok Lok | Beneficial owner | 300,000 | 0.02% | Directors' Long Positions in Ordinary Shares of Associated Corporations (As at June 30, 2025) | Name of Director | Name of Associated Corporation | Capacity/Nature of Interest | Number of Shares | Percentage of Shareholding | | :--- | :--- | :--- | :--- | :--- | | Mr. Wong | Golden Luck | Beneficial owner | 99 | 99% | | Ms. So | Golden Luck | Beneficial owner | 1 | 1% | [B. Substantial Shareholders' and Other Persons' Interests and Short Positions in Shares, Underlying Shares or Debentures](index=23&type=section&id=B.%20Substantial%20Shareholders'%20and%20Other%20Persons'%20Interests%20and%20Short%20Positions%20in%20Shares,%20Underlying%20Shares%20or%20Debentures) Substantial Shareholders' Long Positions in Shares (As at June 30, 2025) | Name of Shareholder | Capacity/Nature of Interest | Number of Shares | Long/Short Position | Percentage of Shareholding | | :--- | :--- | :--- | :--- | :--- | | Golden Luck | Beneficial owner | 653,000,000 | Long Position | 45.02% | [Competing Interests](index=23&type=section&id=Competing%20Interests) - During the relevant period, no director or controlling shareholder had any business or interest that competed or might compete with the Group's business[59](index=59&type=chunk) [Directors' Material Interests in Contracts](index=24&type=section&id=Directors'%20Material%20Interests%20in%20Contracts) - During the relevant period, no director had any material interest in any contract of significance to the Group's business to which the company or any of its subsidiaries was a party[60](index=60&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=24&type=section&id=Purchase,%20Sale%20or%20Redemption%20of%20the%20Company's%20Listed%20Securities) - The company repurchased a total of **14,110,000** ordinary shares for approximately **HK$1,058,250** during the relevant period, all of which were cancelled[61](index=61&type=chunk)[62](index=62&type=chunk) - The Board believes the share repurchases demonstrate the company's confidence in its business outlook and prospects, creating value for shareholders[62](index=62&type=chunk) [Corporate Governance Code](index=25&type=section&id=Corporate%20Governance%20Code) - The company has complied with the applicable provisions of the Corporate Governance Code, except for Code Provision C.2.1 (roles of chairman and chief executive should be separate)[63](index=63&type=chunk) - Mr. Wong serves as both Chairman and Chief Executive Officer; the Board believes this structure enhances strategy formulation and implementation efficiency and will review the need for a separate CEO when necessary[63](index=63&type=chunk) [Code for Securities Transactions by Directors](index=25&type=section&id=Code%20for%20Securities%20Transactions%20by%20Directors) - The Group has adopted a code for securities transactions by directors, and all directors confirmed compliance throughout the relevant period[64](index=64&type=chunk) [Dividends](index=26&type=section&id=Dividends) - The Board resolved not to declare any interim dividend for the relevant period[65](index=65&type=chunk) [Share Option Scheme](index=26&type=section&id=Share%20Option%20Scheme) - The company adopted a share option scheme on September 10, 2015; as of the report date, no share options have been granted, exercised, cancelled, or lapsed[66](index=66&type=chunk) - Under the mandate, **128,000,000** share options can be granted under the scheme, exercisable for **128,000,000** shares[66](index=66&type=chunk) [Events After the Reporting Period](index=26&type=section&id=Events%20After%20the%20Reporting%20Period) - No material events requiring disclosure occurred after the end of the relevant period and up to the date of this report[67](index=67&type=chunk) [Audit Committee](index=27&type=section&id=Audit%20Committee) - The Audit Committee comprises three independent non-executive directors, with Mr. Tam Chun Chung as Chairman[68](index=68&type=chunk) - The Audit Committee reviewed the Group's unaudited condensed consolidated financial statements for the relevant period and found them prepared in compliance with applicable accounting standards and Listing Rules[68](index=68&type=chunk) [By Order of the Board](index=27&type=section&id=By%20Order%20of%20the%20Board) - This report was issued by Mr. Wong King Kwong, Chairman and Executive Director, on behalf of the Board on August 28, 2025[69](index=69&type=chunk) - Executive Directors include Mr. Wong King Kwong, Ms. So Nui Ho, and Mr. Tang Shun Man; Independent Non-executive Directors include Mr. Chung Yuk Ming, Mr. Lau Kwok Lok, and Mr. Tam Chun Chung[69](index=69&type=chunk)

[Interim Results Announcement Overview](index=1&type=section&id=Interim%20Results%20Announcement%20Overview) [Company Information and Announcement](index=1&type=section&id=Company%20Information%20and%20Announcement) Lap Kei Engineering (Holdings) Limited (Stock Code: 1690) announced its unaudited condensed consolidated interim results for the six months ended June 30, 2025, reviewed by the audit committee - Company Name: Lap Kei Engineering (Holdings) Limited[2](index=2&type=chunk) - Stock Code: **1690**[2](index=2&type=chunk) - Announcement Content: Unaudited condensed consolidated interim results for the six months ended June 30, 2025[3](index=3&type=chunk)[4](index=4&type=chunk) - Review Status: Interim results were not reviewed or audited by independent auditors, but were reviewed by the Board's audit committee[4](index=4&type=chunk) [Unaudited Condensed Consolidated Financial Statements](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, revenue increased by **17%** to **HK$134.5 million**, but profit for the period significantly decreased by **68.4%** to **HK$0.4 million** due to lower other income and higher administrative expenses, with basic EPS falling to **0.03 HK cents** Key Data from Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | Metric | For the six months ended June 30, 2025 (HK$ thousand) | For the six months ended June 30, 2024 (HK$ thousand) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 134,461 | 114,916 | +17.0% | | Cost of Revenue | (125,638) | (106,570) | +17.9% | | Gross Profit | 8,823 | 8,346 | +5.7% | | Other Income | 1,425 | 2,911 | -51.0% | | Administrative Expenses | (9,833) | (9,686) | +1.5% | | Profit Before Income Tax | 415 | 1,571 | -73.6% | | Income Tax Expense | – | (259) | -100.0% | | Total Profit and Comprehensive Income for the Period | 415 | 1,312 | -68.4% | | Basic EPS (HK cents) | 0.03 | 0.09 | -66.7% | - Revenue growth primarily due to increased project contract amounts undertaken during the period[37](index=37&type=chunk) - Profit for the period decreased mainly due to the net effect of increased gross profit, decreased other income, and increased administrative expenses[41](index=41&type=chunk) [Condensed Consolidated Statement of Financial Position](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, total assets and liabilities decreased, with net current assets and total equity also reducing, while the current ratio slightly improved from 1.7 times to 1.8 times Key Data from Condensed Consolidated Statement of Financial Position | Metric | As of June 30, 2025 (HK$ thousand) | As of December 31, 2024 (HK$ thousand) | Change (HK$ thousand) | | :--- | :--- | :--- | :--- | | Non-current Assets | 11,333 | 12,568 | (1,235) | | Current Assets | 279,040 | 346,510 | (67,470) | | Current Liabilities | 154,392 | 207,931 | (53,539) | | Net Current Assets | 124,648 | 138,579 | (13,931) | | Total Assets Less Current Liabilities | 135,981 | 151,147 | (15,166) | | Non-current Liabilities | 974 | 974 | 0 | | Net Assets/Total Equity | 135,007 | 150,173 | (15,166) | | Bank Balances | 62,328 | 58,721 | +3,607 | - Trade and other receivables decreased from **HK$152,642 thousand** to **HK$109,216 thousand**, and contract assets decreased from **HK$129,863 thousand** to **HK$102,132 thousand**[7](index=7&type=chunk) - Trade and other payables decreased from **HK$204,769 thousand** to **HK$153,768 thousand**[7](index=7&type=chunk) - Current ratio increased from approximately **1.7 times** as of December 31, 2024, to approximately **1.8 times** as of June 30, 2025[43](index=43&type=chunk) [Condensed Consolidated Statement of Changes in Equity](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended June 30, 2025, total equity decreased from **HK$150.2 million** at the beginning of the period to **HK$135.0 million**, primarily due to dividend payments and share repurchases and cancellations Key Data from Condensed Consolidated Statement of Changes in Equity | Metric | As of June 30, 2025 (HK$ thousand) | As of June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Total at Beginning of Period | 150,173 | 152,464 | | Total Profit and Comprehensive Income for the Period | 415 | 1,312 | | Shares Repurchased and Cancelled | (1,076) | (848) | | Dividends Recognized as Distribution | (14,505) | – | | Total at End of Period | 135,007 | 152,928 | - The company repurchased and cancelled shares worth **HK$1,076 thousand** during the period[8](index=8&type=chunk) - A final dividend of **HK$14,505 thousand** for the year ended December 31, 2024, was paid[8](index=8&type=chunk)[22](index=22&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended June 30, 2025, net cash from operating activities increased, but net cash outflow from financing activities led to a significant decrease in net increase in cash and cash equivalents Key Data from Condensed Consolidated Statement of Cash Flows | Metric | For the six months ended June 30, 2025 (HK$ thousand) | For the six months ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Net Cash from Operating Activities | 18,502 | 14,507 | | Net Cash from Investing Activities | 687 | 877 | | Net Cash (Used in)/Generated from Financing Activities | (15,582) | 19,152 | | Net Increase in Cash and Cash Equivalents | 3,607 | 34,536 | | Cash and Cash Equivalents at Beginning of Period | 58,721 | 45,756 | | Cash and Cash Equivalents at End of Period | 62,328 | 80,292 | - Financing activities shifted from a net inflow in the prior period to a net outflow, primarily due to dividend payments and share repurchases[8](index=8&type=chunk)[10](index=10&type=chunk)[22](index=22&type=chunk)[64](index=64&type=chunk) [Notes to the Unaudited Condensed Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20the%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) [1. General Information](index=6&type=section&id=1.%20General%20Information) The company, incorporated in the Cayman Islands and listed on the Stock Exchange, primarily provides engineering and maintenance services for building services engineering systems in Hong Kong, with Golden Luck Limited as its direct and ultimate holding company - The Company was incorporated in the Cayman Islands on April 29, 2015[11](index=11&type=chunk) - Its principal business is providing various engineering services, as well as maintenance and repair services for building services engineering systems[11](index=11&type=chunk) - Its direct and ultimate holding company is **Golden Luck Limited**[11](index=11&type=chunk) [2. Basis of Preparation](index=6&type=section&id=2.%20Basis%20of%20Preparation) Interim financial statements are prepared in accordance with HKAS 34 and the Listing Rules, adopting the historical cost convention, and have been reviewed by the audit committee, with new and revised HKFRSs having no material impact on financial position - Interim financial statements are prepared in accordance with **HKAS 34** and the **Listing Rules**[13](index=13&type=chunk) - Interim financial statements are unaudited but have been reviewed by the Audit Committee[13](index=13&type=chunk) - The adoption of new and revised HKFRSs had no material impact on the Group's operating results or financial position[14](index=14&type=chunk) [3. Revenue and Segment Information](index=7&type=section&id=3.%20Revenue%20and%20Segment%20Information) The Group's revenue primarily derives from building services engineering and maintenance, repair and other services, with building services engineering revenue significantly increasing while maintenance, repair and other services revenue slightly decreased for the six months ended June 30, 2025 - Revenue refers to the consideration the Group expects to be entitled to in exchange for providing building services engineering and maintenance, repair and other services[15](index=15&type=chunk) Revenue by Business Segment | Business Segment | For the six months ended June 30, 2025 (HK$ thousand) | For the six months ended June 30, 2024 (HK$ thousand) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Building Services Engineering | 129,211 | 108,920 | +18.6% | | Maintenance, Repair and Other Services | 5,250 | 5,996 | -12.5% | | **Total** | **134,461** | **114,916** | **+17.0%** | Results by Business Segment | Business Segment | For the six months ended June 30, 2025 (HK$ thousand) | For the six months ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Building Services Engineering Segment Results | 7,597 | 7,577 | | Maintenance, Repair and Other Services Segment Results | 1,226 | 769 | | **Total Segment Results (Gross Profit)** | **8,823** | **8,346** | [4. Profit Before Income Tax](index=9&type=section&id=4.%20Profit%20Before%20Income%20Tax) For the six months ended June 30, 2025, profit before income tax was **HK$415 thousand**, a significant decrease from the prior period, primarily due to the impact of changes in directors' remuneration, staff costs, and other income Composition of Profit Before Income Tax | Item | For the six months ended June 30, 2025 (HK$ thousand) | For the six months ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Directors' Remuneration | 2,973 | 6,519 | | Other Staff Costs | 21,885 | 24,060 | | Total Staff Costs | 24,858 | 30,579 | | Auditor's Remuneration | 523 | 498 | | Depreciation of Property, Plant and Equipment | 1,415 | 1,271 | | Bank Interest Income | (1,047) | (831) | | Reversal of Impairment Loss on Trade Receivables | (375) | (469) | | Reversal of Impairment Loss on Contract Assets | (168) | (1,602) | - Directors' remuneration significantly decreased from **HK$6,519 thousand** to **HK$2,973 thousand**[19](index=19&type=chunk) - Total staff costs decreased from **HK$30,579 thousand** to **HK$24,858 thousand**[19](index=19&type=chunk) [5. Income Tax Expense](index=10&type=section&id=5.%20Income%20Tax%20Expense) For the six months ended June 30, 2025, the company had no income tax expense, compared to **HK$259 thousand** in the prior period, primarily because Hong Kong subsidiaries had no assessable profit or had estimated tax losses available for offset Income Tax Expense | Item | For the six months ended June 30, 2025 (HK$ thousand) | For the six months ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Hong Kong Profits Tax | – | 259 | - Hong Kong profits tax is calculated at **16.5%**, with no provision made for the current period[21](index=21&type=chunk) [6. Dividends](index=10&type=section&id=6.%20Dividends) The Board resolved not to declare an interim dividend for the six months ended June 30, 2025, while a final dividend of **HK$14,505 thousand** for FY2024 was paid during the period - No interim dividend was declared for the six months ended June 30, 2025[22](index=22&type=chunk) - A final dividend of **HK$14,505 thousand** (**HK$0.01** per share) was paid for the year ended December 31, 2024[22](index=22&type=chunk) [7. Earnings Per Share](index=10&type=section&id=7.%20Earnings%20Per%20Share) For the six months ended June 30, 2025, basic earnings per share was **0.03 HK cents**, a significant decrease from **0.09 HK cents** in the prior period, primarily due to lower profit for the period Basic Earnings Per Share Calculation | Metric | For the six months ended June 30, 2025 | For the six months ended June 30, 2024 | | :--- | :--- | :--- | | Profit for Basic EPS Calculation (HK$ thousand) | 415 | 1,312 | | Weighted Average Ordinary Shares for Basic EPS Calculation (shares) | 1,460,468 | 1,511,810 | | **Basic EPS (HK cents)** | **0.03** | **0.09** | - The Group had no outstanding potential dilutive ordinary shares[24](index=24&type=chunk) [8. Movements in Property, Plant and Equipment](index=11&type=section&id=8.%20Movements%20in%20Property,%20Plant%20and%20Equipment) For the six months ended June 30, 2025, the company acquired **HK$748 thousand** in property, plant and equipment, with no additions in the prior period Additions to Property, Plant and Equipment | Item | For the six months ended June 30, 2025 (HK$ thousand) | For the six months ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Additions | 748 | 0 | [9. Movements in Intangible Assets](index=11&type=section&id=9.%20Movements%20in%20Intangible%20Assets) For the six months ended June 30, 2025, amortization of intangible assets was **HK$30 thousand**, consistent with the prior period Amortization of Intangible Assets | Item | For the six months ended June 30, 2025 (HK$ thousand) | For the six months ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Amortization | 30 | 30 | [10. Trade and Other Receivables](index=11&type=section&id=10.%20Trade%20and%20Other%20Receivables) As of June 30, 2025, total trade and other receivables were **HK$109,216 thousand**, a significant decrease from **HK$152,642 thousand** at the end of 2024, primarily due to a decrease in net trade receivables Trade and Other Receivables | Item | As of June 30, 2025 (HK$ thousand) | As of December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Trade Receivables, Net | 45,681 | 82,931 | | Deposits Paid | 62,985 | 63,794 | | Other Receivables and Prepayments | 550 | 5,917 | | **Total** | **109,216** | **152,642** | Trade Receivables Ageing Analysis (Net of Credit Loss Provision) | Ageing | As of June 30, 2025 (HK$ thousand) | As of December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | 0 to 30 days | 9,255 | 42,162 | | 31 to 60 days | 19,311 | 28,402 | | 61 to 90 days | 3,538 | 7,435 | | Over 90 days | 13,577 | 4,932 | | **Total** | **45,681** | **82,931** | - The Group grants credit terms of **0 to 45 days** to customers for trade receivables[27](index=27&type=chunk) [11. Trade and Other Payables](index=12&type=section&id=11.%20Trade%20and%20Other%20Payables) As of June 30, 2025, total trade and other payables were **HK$153,768 thousand**, a decrease from **HK$204,769 thousand** at the end of 2024, primarily due to lower trade payables and accrued subcontracting and material costs Trade and Other Payables | Item | As of June 30, 2025 (HK$ thousand) | As of December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Trade Payables | 57,900 | 71,874 | | Retention Payables | 12,564 | 11,752 | | Accrued Subcontracting and Material Costs | 74,214 | 104,415 | | Accrued Staff Costs, Other Payables and Accruals | 9,090 | 16,728 | | **Total** | **153,768** | **204,769** | Trade Payables Ageing Analysis | Ageing | As of June 30, 2025 (HK$ thousand) | As of December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | 0 to 30 days | 15,469 | 46,814 | | 31 to 60 days | 13,251 | 5,798 | | 61 to 90 days | 4,783 | 485 | | Over 90 days | 24,397 | 18,777 | | **Total** | **57,900** | **71,874** | - Credit terms for trade payables range from **30 to 60 days**[29](index=29&type=chunk) [12. Share Capital](index=13&type=section&id=12.%20Share%20Capital) As of June 30, 2025, the company's issued share capital was **HK$14,505 thousand**, and the total number of shares in issue decreased due to the repurchase and cancellation of **14,110,000** ordinary shares Share Capital Movements | Item | As of June 30, 2025 (HK$ thousand) | As of December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Issued and Fully Paid Share Capital | 14,505 | 14,646 | | Number of Shares in Issue (shares) | 1,450,490,000 | 1,464,600,000 | | Less: Shares Repurchased and Cancelled (shares) | (14,110,000) | – | - The company repurchased and cancelled **14,110,000** ordinary shares during the period[31](index=31&type=chunk)[49](index=49&type=chunk) [13. Related Party Disclosures](index=14&type=section&id=13.%20Related%20Party%20Disclosures) The Group had rental transactions with related parties LKW Company Limited, Mr. Wong and Ms. So, and key management personnel remuneration decreased from the prior period Related Party Transactions | Related Party | Nature of Transaction | For the six months ended June 30, 2025 (HK$ thousand) | For the six months ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | :--- | | LKW Company Limited | Rent Paid/Payable | 265 | 265 | | Mr. Wong and Ms. So | Rent Paid/Payable | 548 | 548 | Key Management Personnel Remuneration | Item | For the six months ended June 30, 2025 (HK$ thousand) | For the six months ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Salaries and Other Allowances | 2,712 | 6,258 | | Retirement Benefit Scheme Contributions | 27 | 27 | | **Total** | **2,739** | **6,285** | - **LKW Company Limited** is wholly owned by Mr. Wong and Ms. So[32](index=32&type=chunk) [Management Discussion and Analysis & Corporate Governance](index=15&type=section&id=Management%20Discussion%20and%20Analysis%20%26%20Corporate%20Governance) [Business Review and Outlook](index=15&type=section&id=Business%20Review%20and%20Outlook) The Group primarily provides building services engineering and maintenance, repair services in Hong Kong, and facing market challenges, the company plans to enhance competitiveness by undertaking more large-scale projects, expanding service scope, and strengthening its engineering department - The Group's principal business is providing various engineering services for building services engineering systems in Hong Kong[35](index=35&type=chunk) - Business is divided into building services engineering projects (including mechanical ventilation and air-conditioning systems, electrical systems, plumbing and drainage systems, fire services systems) and maintenance, repair and other services[35](index=35&type=chunk) - Key business strategies include: (i) undertaking more large-scale projects; (ii) expanding service scope; and (iii) strengthening the engineering department[36](index=36&type=chunk) [Financial Review](index=16&type=section&id=Financial%20Review) Revenue increased by **17%** year-on-year this period, but gross profit margin slightly decreased, administrative expenses remained stable, and profit for the period significantly decreased due to lower other income and increased administrative expenses [Revenue](index=16&type=section&id=Revenue_FR) Revenue increased from **HK$114.9 million** in the prior period by **17%** to **HK$134.5 million** in the current period, primarily due to an increase in contract amounts for projects undertaken Revenue Comparison | Metric | For the six months ended June 30, 2025 (HK$ million) | For the six months ended June 30, 2024 (HK$ million) | Increase (%) | | :--- | :--- | :--- | :--- | | Revenue | 134.5 | 114.9 | 17.0% | - The increase in revenue was primarily due to the higher contract amounts of projects undertaken by the Group during the period compared to the prior period[37](index=37&type=chunk) [Cost of Revenue](index=16&type=section&id=Cost%20of%20Revenue_FR) Cost of revenue increased by **18%** year-on-year to **HK$125.6 million**, consistent with the revenue growth rate Cost of Revenue Comparison | Metric | For the six months ended June 30, 2025 (HK$ million) | For the six months ended June 30, 2024 (HK$ million) | Increase (%) | | :--- | :--- | :--- | :--- | | Cost of Revenue | 125.6 | 106.6 | 18.0% | - The increase in cost of revenue was proportionate to the increase in revenue during the period[38](index=38&type=chunk) [Gross Profit](index=16&type=section&id=Gross%20Profit_FR) Gross profit increased by **6.0%** year-on-year to **HK$8.8 million**, but overall gross profit margin slightly decreased from **7.3%** to **6.6%** Gross Profit and Gross Margin Comparison | Metric | For the six months ended June 30, 2025 (HK$ million) | For the six months ended June 30, 2024 (HK$ million) | Increase (%) | | :--- | :--- | :--- | :--- | | Gross Profit | 8.8 | 8.3 | 6.0% | | Gross Margin | 6.6% | 7.3% | -0.7pp | - The increase in gross profit was due to the Group undertaking more projects compared to the prior period[39](index=39&type=chunk) [Administrative Expenses](index=16&type=section&id=Administrative%20Expenses_FR) Administrative expenses slightly increased by **1%** to **HK$9.8 million**, primarily due to increased administrative staff salaries and other administrative expenses Administrative Expenses Comparison | Metric | For the six months ended June 30, 2025 (HK$ million) | For the six months ended June 30, 2024 (HK$ million) | Increase (%) | | :--- | :--- | :--- | :--- | | Administrative Expenses | 9.8 | 9.7 | 1.0% | - The slight increase in administrative expenses was due to higher administrative staff salaries and other administrative expenses during the period[40](index=40&type=chunk) [Total Profit and Comprehensive Income](index=17&type=section&id=Total%20Profit%20and%20Comprehensive%20Income_FR) Total profit and comprehensive income for the period significantly decreased by **68.4%** to **HK$0.4 million**, primarily due to the net effect of increased gross profit, decreased other income, and increased administrative expenses Total Profit and Comprehensive Income Comparison | Metric | For the six months ended June 30, 2025 (HK$ million) | For the six months ended June 30, 2024 (HK$ million) | Decrease (%) | | :--- | :--- | :--- | :--- | | Total Profit and Comprehensive Income for the Period | 0.4 | 1.3 | 68.4% | - The decrease in profit was primarily due to the net effect of increased gross profit, decreased other income, and increased administrative expenses[41](index=41&type=chunk) [Liquidity and Financial Resources](index=17&type=section&id=Liquidity%20and%20Financial%20Resources) As of June 30, 2025, the Group's total assets and liabilities both decreased, cash and bank balances slightly increased, the current ratio improved to **1.8 times**, the company obtained **HK$54.5 million** in performance bonds, and has **HK$79.2 million** in unutilized facilities Liquidity and Financial Resources Overview | Metric | As of June 30, 2025 (HK$ million) | As of December 31, 2024 (HK$ million) | | :--- | :--- | :--- | | Total Assets | 290.4 | 359.1 | | Total Liabilities | 155.4 | 208.9 | | Shareholders' Equity | 135.0 | 150.2 | | Cash and Bank Balances | 62.3 | 58.7 | | Current Ratio | 1.8 times | 1.7 times | | Debt-to-Equity Ratio | Zero | Zero | | Performance Bond Amount | 54.5 | 37.5 | | Unutilized Facilities | 79.2 | 46.2 | - Performance bonds are secured by leasehold land and buildings and pledged bank deposits[43](index=43&type=chunk) [Treasury Policy](index=18&type=section&id=Treasury%20Policy) The Group adopts a prudent financial management strategy, aiming to preserve asset value and maintain a robust liquidity position, continuously assessing customer creditworthiness to mitigate credit risk, and closely monitoring liquidity to meet funding needs - The Group adopts a prudent financial management strategy aimed at preserving asset value[45](index=45&type=chunk) - maintaining a **robust liquidity position** during the period[45](index=45&type=chunk) - continuously assessing customer creditworthiness and financial standing to mitigate credit risk[45](index=45&type=chunk) - The Board closely monitors the Group's liquidity position to ensure funding needs are met[45](index=45&type=chunk) [Pledge of Assets](index=18&type=section&id=Pledge%20of%20Assets) As of June 30, 2025, the Group pledged approximately **HK$5.4 million** in bank deposits and **HK$4.7 million** in leasehold land and buildings as collateral for bank facilities, with unutilized facilities increasing to **HK$79.2 million** Pledge of Assets | Pledged Assets | As of June 30, 2025 (HK$ million) | As of December 31, 2024 (HK$ million) | | :--- | :--- | :--- | | Bank Deposits | 5.4 | 5.3 | | Leasehold Land and Buildings | 4.7 | 4.9 | | Unutilized Facilities | 79.2 | 46.2 | - Pledged assets serve as collateral for obtaining bank facilities[46](index=46&type=chunk) [Foreign Exchange Risk](index=18&type=section&id=Foreign%20Exchange%20Risk) All of the Group's businesses are transacted in HKD, not exposed to significant foreign exchange fluctuation risks, nor does it maintain a hedging policy or engage in foreign currency hedging - All of the Group's revenue-generating businesses are transacted in **HKD**[48](index=48&type=chunk) - During the period, there was **no significant foreign exchange fluctuation risk**[48](index=48&type=chunk) - The Group does not maintain a hedging policy nor does it engage in any hedging against foreign currency risks[48](index=48&type=chunk) [Share Capital Structure](index=19&type=section&id=Share%20Capital%20Structure) As of June 30, 2025, the company's issued share capital was **HK$14,504,900**, with **1,450,490,000 shares** in issue, and during the period, the company repurchased and cancelled **14,110,000** ordinary shares Share Capital Structure Overview | Metric | As of June 30, 2025 | As of December 31, 2024 | | :--- | :--- | :--- | | Issued Share Capital (HK$) | 14,504,900 | 14,646,000 | | Number of Shares in Issue (shares) | 1,450,490,000 | 1,464,600,000 | | Par Value Per Share | HK$0.01 | HK$0.01 | - The Group repurchased a total of **14,110,000** of its own ordinary shares during the period, all of which were cancelled[49](index=49&type=chunk) [Capital Commitments](index=19&type=section&id=Capital%20Commitments) As of June 30, 2025, the Group had no material capital commitments - The Group had no material capital commitments for property, plant and equipment or investment properties[50](index=50&type=chunk) [Future Plans for Material Investments and Capital Assets](index=19&type=section&id=Future%20Plans%20for%20Material%20Investments%20and%20Capital%20Assets) As of June 30, 2025, the Group had no other material investment or capital asset plans - The Group had no other material investment or capital asset plans as of June 30, 2025[51](index=51&type=chunk) [Material Acquisitions and Disposals of Subsidiaries, Associates and Joint Ventures](index=19&type=section&id=Material%20Acquisitions%20and%20Disposals%20of%20Subsidiaries,%20Associates%20and%20Joint%20Ventures) During the relevant period, the Group had no material acquisitions or disposals of subsidiaries, associates, or joint ventures - During the period, the Group had no material acquisitions or disposals of subsidiaries, associates, or joint ventures[52](index=52&type=chunk) [Contingent Liabilities](index=19&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no material contingent liabilities - The Group had no material contingent liabilities[53](index=53&type=chunk) [Employees and Remuneration Policy](index=20&type=section&id=Employees%20and%20Remuneration%20Policy) As of June 30, 2025, the Group's total number of employees was **112**, with staff costs of **HK$24.9 million**; the company provides attractive benefits, including retirement and medical benefits, and regularly reviews remuneration based on performance Employees and Remuneration Overview | Metric | As of June 30, 2025 | As of December 31, 2024 | | :--- | :--- | :--- | | Total Employees | 112 | 113 | | Staff Costs (HK$ million) | 24.9 | 30.6 | - The Group promotes employees based on their qualifications, performance, and potential for development in their roles[54](index=54&type=chunk) - It provides attractive benefits, including retirement benefits, medical benefits, and sponsored training courses[54](index=54&type=chunk) - Contributions are made for employees under the Hong Kong Mandatory Provident Fund Schemes Ordinance[54](index=54&type=chunk) [Material Investments Held](index=20&type=section&id=Material%20Investments%20Held) The Group held no material investments for the six months ended June 30, 2025 - The Group held no material investments for the six months ended June 30, 2025[56](index=56&type=chunk) [Disclosure of Interests](index=21&type=section&id=Disclosure%20of%20Interests) This section discloses the interests and short positions of directors, chief executives, and major shareholders in the company's shares, with Mr. Wong, Ms. So, and their associates holding a majority of the company's shares [A. Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares or Debentures](index=21&type=section&id=A.%20Directors'%20and%20Chief%20Executive's%20Interests%20and%20Short%20Positions%20in%20Shares,%20Underlying%20Shares%20or%20Debentures) As of June 30, 2025, Mr. Wong held a total of **72.1%** of the company's shares through interests in controlled corporations, beneficial ownership, and spouse's interests, while Ms. So held a total of **72.08%** of the shares through spouse's interests and beneficial ownership Directors' Long Positions in Shares | Director Name | Capacity/Nature of Interest | Number of Shares Held/Interested | Percentage Shareholding | | :--- | :--- | :--- | :--- | | Mr. Wong | Interest in Controlled Corporation | 653,000,000 | 45.02% | | | Beneficial Owner | 384,490,000 | 26.51% | | | Interest of Spouse | 8,000,000 | 0.55% | | Ms. So | Interest of Spouse | 1,037,490,000 | 71.53% | | | Beneficial Owner | 8,000,000 | 0.55% | | Mr. Tang Shun Man | Beneficial Owner | 160,000 | 0.01% | | Mr. Lau Kwok Lok | Beneficial Owner | 300,000 | 0.02% | - Mr. Wong beneficially owns **99%** of the issued share capital of Golden Luck and is deemed to be interested in the shares held by Golden Luck[58](index=58&type=chunk) - Mr. Wong and Ms. So are spouses and are deemed under the Securities and Futures Ordinance to be interested in the shares held by each other[58](index=58&type=chunk) [B. Major Shareholders' and Other Persons' Interests and Short Positions in Shares, Underlying Shares or Debentures](index=23&type=section&id=B.%20Major%20Shareholders'%20and%20Other%20Persons'%20Interests%20and%20Short%20Positions%20in%20Shares,%20Underlying%20Shares%20or%20Debentures) As of June 30, 2025, Golden Luck, as a major shareholder, held **653,000,000 shares**, representing **45.02%** of the issued share capital Major Shareholders' Long Positions in Shares | Shareholder Name | Capacity/Nature of Interest | Number of Shares Held/Interested | Long/Short Position | Percentage Shareholding | | :--- | :--- | :--- | :--- | :--- | | Golden Luck | Beneficial Owner | 653,000,000 | Long Position | 45.02% | [Competing Interests](index=23&type=section&id=Competing%20Interests) During the relevant period, no director, controlling shareholder, or their respective close associates had any business or interest that competes or may compete with the Group's business - No director, controlling shareholder, or their respective close associates had any business or interest that competes or may compete with the Group's business[62](index=62&type=chunk) [Directors' Material Interests in Contracts](index=24&type=section&id=Directors'%20Material%20Interests%20in%20Contracts) Save as disclosed in this report, no director had any material interest in any contract of significance to the Group's business to which the company or any of its subsidiaries was a party during the relevant period - During the period, no director had any material interest in any contract of significance to the Group's business to which the company or any of its subsidiaries was a party[63](index=63&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=24&type=section&id=Purchase,%20Sale%20or%20Redemption%20of%20the%20Company's%20Listed%20Securities) The company repurchased a total of **14,110,000** ordinary shares on the Stock Exchange for a total consideration of approximately **HK$1,058,250** during the period, and all were cancelled, with the Board believing the share repurchase will create value for shareholders Details of Share Repurchases | Month of Repurchase | Number of Ordinary Shares Repurchased | Price Paid Per Share (highest/lowest HK$) | Total Consideration Paid (before transaction costs HK$) | | :--- | :--- | :--- | :--- | | March 2025 | 1,880,000 | 0.075 / 0.075 | 141,000 | | April 2025 | 12,230,000 | 0.075 / 0.075 | 917,250 | | **Total** | **14,110,000** | | **1,058,250** | - Repurchased shares were fully cancelled in **May 2025**, leading to a reduction in the total number of issued shares[64](index=64&type=chunk)[65](index=65&type=chunk) - The Board believes the share repurchase demonstrates the company's confidence in its business outlook and prospects, and creates value for shareholders[65](index=65&type=chunk) [Corporate Governance Code](index=25&type=section&id=Corporate%20Governance%20Code) The company complies with the Corporate Governance Code, but the roles of Chairman and Chief Executive Officer are combined by Mr. Wong, deviating from Code Provision C.2.1; the Board believes this structure enhances efficiency in strategy formulation and will review it when necessary - The company has complied with the applicable code provisions of the Corporate Governance Code, except for Code Provision C.2.1[66](index=66&type=chunk) - Mr. Wong has served as both Chairman and Chief Executive Officer, deviating from the requirement that these roles should be separate[66](index=66&type=chunk) - The Board believes this structure enhances efficiency in formulating and implementing company strategies, benefiting the Group and shareholders as a whole[66](index=66&type=chunk) [Code of Conduct Regarding Securities Transactions by Directors](index=25&type=section&id=Code%20of%20Conduct%20Regarding%20Securities%20Transactions%20by%20Directors) The Group has adopted a code of conduct for securities transactions by directors, no less exacting than the Model Code under the Listing Rules, and all directors confirmed compliance with the code during the period - The Group has adopted a code of conduct for securities transactions by directors, with terms no less exacting than the Model Code set out in Appendix C3 of the Listing Rules[67](index=67&type=chunk) - All directors confirmed their compliance with the required standards set out in the code of conduct during the period[67](index=67&type=chunk) [Dividends](index=26&type=section&id=Dividends_CG) The Board resolved not to declare any interim dividend for the period - The Board resolved not to declare any interim dividend for the period[68](index=68&type=chunk) [Share Option Scheme](index=26&type=section&id=Share%20Option%20Scheme) The company adopted a share option scheme on **September 10, 2015**, and as of the report date, no share options were granted, exercised, cancelled, or lapsed - The company conditionally adopted a share option scheme on **September 10, 2015**[69](index=69&type=chunk) - As of the report date, no share options were granted, exercised, cancelled, or lapsed[69](index=69&type=chunk) - No share options remained outstanding as of June 30, 2025[69](index=69&type=chunk) [Events After Reporting Period](index=26&type=section&id=Events%20After%20Reporting%20Period) No significant events requiring disclosure occurred after the reporting period and up to the date of this report - No significant events requiring disclosure occurred after the reporting period and up to the date of this report[70](index=70&type=chunk) [Audit Committee](index=27&type=section&id=Audit%20Committee) The company's audit committee, established in 2015, is responsible for reviewing financial reporting, internal controls, and risk management, and has reviewed the unaudited condensed consolidated financial statements for the period - The Audit Committee was established on **September 10, 2015**, with terms of reference formulated in accordance with the Corporate Governance Code[71](index=71&type=chunk) - Its primary responsibilities include reviewing and monitoring the Group's financial reporting process, internal control and risk management systems, nominating and monitoring external auditors, and overseeing the company's continuing connected transactions[71](index=71&type=chunk) - The Audit Committee comprises three independent non-executive directors, with Mr. Tam Chun Chung as Chairman[71](index=71&type=chunk) - It has reviewed the Group's unaudited condensed consolidated financial statements for the period[71](index=71&type=chunk) [By Order of the Board](index=27&type=section&id=By%20Order%20of%20the%20Board) This announcement was published by Mr. Wong King Kwong, Chairman and Executive Director, on **August 28, 2025**, and lists the Board members as of the report date - Announcement Date: **August 28, 2025**[72](index=72&type=chunk) - Executive Directors: Mr. Wong King Kwong, Ms. So Nui Ho, and Mr. Tang Shun Man[72](index=72&type=chunk) - Independent Non-executive Directors: Mr. Chung Yuk Ming, Mr. Lau Kwok Lok, and Mr. Tam Chun Chung[72](index=72&type=chunk)

Group 1 - The company, Liji Engineering Holdings (01690.HK), announced that its board meeting will be held on August 28, 2025, to consider and approve the unaudited consolidated interim results for the six months ending June 30, 2025 [1] - The meeting will also involve the approval of the interim results announcement and recommendations regarding the payment of an interim dividend, if any [1]

立基工程（控股）有限公司 公司秘書 陳振聲 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，並明確表示概不會就因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Lap Kei Engineering (Holdings) Limited 立 基 工 程 （ 控 股 ） 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：1690） 董事會會議通告 立基工程（ 控股 ）有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司董事會 會議將於2025年8月28日（ 星期四 ）舉行，藉以（ 其中包括 ）考慮及批准本公司及其 附 屬 公司 截 至 2025 年6 月 30 日 止 六個 月 的 未 經審 核 綜 合中 期 業 績（「中 期 業績」）， 批核發放中期業績公告，以及就派付中期股息（ 如有 ）作出的推薦建議。 代表董事會 香港，2025年8月15日 於本公告日期，執行董事為黃鏡光先生、蘇女好女士及鄧順文先生；而獨立非執 行董事為鍾育明先生 ...