Financial Performance - The company's revenue for the year ended December 31, 2025, increased by 48.3% to approximately RMB 317.1 million, compared to RMB 213.8 million in 2024[4]. - Gross profit rose by 33.9% to RMB 67.7 million, with a gross margin decrease from approximately 23.6% in 2024 to 21.3% in 2025[4][5]. - Net profit attributable to equity shareholders decreased by 13.7% to approximately RMB 8.5 million, primarily due to an increase in administrative expenses from RMB 28.5 million in 2024 to RMB 46.4 million in 2025[5]. - Revenue increased by approximately 48.3% from RMB 213.8 million in the year ended December 31, 2024, to approximately RMB 317.1 million in the year ended December 31, 2025[11]. - Gross profit rose by approximately 33.9% from RMB 50.5 million in 2024 to approximately RMB 67.7 million in 2025, although the overall gross margin decreased from 23.6% to 21.3%[11]. - Net profit for the year was RMB 8,440,000, a decrease of 15.1% from RMB 9,939,000 in 2024[20]. - Basic earnings per share decreased to RMB 0.85 from RMB 0.99, reflecting a decline of 14.1%[20]. - The group's profit before tax for 2025 was approximately RMB 8,538,000, compared to RMB 9,890,000 in 2024, indicating a decrease of about 13.6% year-over-year[41]. - The total income tax expense for 2025 was RMB 1,493,000, while in 2024, there was a tax credit of RMB 1,372,000, reflecting a significant change in tax position[40]. - The company reported a net income of RMB 6,860,000 for 2025, compared to RMB 6,702,000 in 2024, indicating a stable performance despite fluctuations in other income sources[37]. Revenue Sources - Revenue from local tours in Japan increased to approximately RMB 239.5 million, accounting for 75.5% of total revenue, up from 68.6% in 2024[6]. - Local tour sales revenue grew significantly by approximately 63.3%, contributing to 75.5% of total revenue in 2025, up from 68.6% in 2024[12]. - The hotel business revenue grew by approximately 19.7% to RMB 26.2 million, with gross margin improving from about 55% to 65%[7]. - Hotel business revenue in Japan increased by approximately 19.7% from RMB 21.9 million in 2024 to approximately RMB 26.2 million in 2025, with gross margin improving from 55% to 65%[13]. - The duty-free shop business revenue increased from approximately RMB 2.3 million in 2024 to RMB 3.1 million in 2025, with gross margin rising from 15% to 19%[7]. - Duty-free retail revenue in Japan and China rose by approximately 33.3% to about RMB 3.1 million, with gross margin increasing from 15% to 19%[14]. - The company opened its first self-operated restaurant in the Mount Fuji area, generating approximately RMB 6.6 million in revenue with a gross margin of 32%[8]. - The new restaurant business generated revenue of approximately RMB 6.6 million in 2025, with a gross margin of about 32%[15]. - Revenue from tour sales and local tours amounted to RMB 276,404,000, up 50.2% from RMB 184,150,000 in the previous year[33]. - The company's external customer revenue from China was RMB 281,280,000 in 2025, a 48.4% increase from RMB 189,575,000 in 2024[33]. Expenses and Costs - Selling and distribution expenses increased from approximately RMB 11.6 million in 2024 to about RMB 16.7 million in 2025, reflecting business expansion and increased sales volume[16]. - Administrative expenses surged from approximately RMB 28.5 million in 2024 to about RMB 46.4 million in 2025, driven by business scale expansion and new operational needs[17]. - The company reported a loss from an associate of RMB 22,000, compared to no losses in the previous year[19]. - The expected credit loss provision for accounts receivable increased slightly from RMB 163,000 in 2024 to RMB 176,000 in 2025[46]. Assets and Liabilities - Total assets less current liabilities increased to RMB 191,030,000, up from RMB 175,229,000 in 2024, indicating a growth of 9.4%[22]. - Non-current assets totaled RMB 156,249,000, an increase from RMB 146,504,000 in 2024, representing a growth of 6.0%[21]. - Current liabilities decreased to RMB 53,077,000 from RMB 62,852,000, a reduction of 15.5%[22]. - Cash and cash equivalents were RMB 39,571,000, slightly down from RMB 40,065,000 in 2024[21]. - Accounts receivable decreased from RMB 24,916,000 in 2024 to 23,176,000 in 2025, a reduction of approximately 7%[44]. - The group maintained a capital debt ratio of 24.2% as of December 31, 2025, compared to 25.1% in 2024, indicating stable financial leverage[55]. - The average collection period for accounts receivable improved from 42 days in 2024 to 26 days in 2025, reflecting better credit control measures[55]. Corporate Governance and Compliance - The company has adopted the corporate governance principles to enhance internal control measures and accountability to shareholders, complying with all applicable provisions of the corporate governance code except for C.2.1[57]. - The company does not have any senior officer holding the title of "CEO," which deviates from the corporate governance code provision C.2.1[58]. - The audit committee, consisting of three independent non-executive directors, has reviewed the group's financial reporting procedures and internal control systems for the year ending December 31, 2025[61]. - The company has maintained a public float of at least 25% of its issued shares as required by listing rules[65]. Future Plans and Strategic Initiatives - The company plans to enhance operational quality and efficiency, expand its business footprint, and improve customer experience in 2026[8]. - The company aims to strengthen digitalization, data analysis, and AI tools to optimize operations and improve market responsiveness[8]. - The company is evaluating the impact of the new Hong Kong Financial Reporting Standard No. 18, which will significantly change the presentation of financial performance in the income statement[29]. - The new accounting standards require entities to categorize all income and expenses into five categories, enhancing transparency and comparability[31]. - The company plans to provide additional disclosures regarding management-defined performance indicators in the financial statements due to the new accounting standards[32]. Risks and Challenges - The group faces foreign exchange risks due to costs incurred in foreign currencies, particularly Japanese Yen, but currently has no plans to hedge against these risks[51]. - The company faces significant risks including economic downturns in China, currency fluctuations, and increased competition from travel agencies and online platforms[69]. Shareholder Information - The annual general meeting for the year 2025 is scheduled to be held on May 25, 2026[71]. - The company will suspend share transfer registration from May 20, 2026, to May 25, 2026, to determine shareholders eligible to attend and vote at the annual general meeting[72]. - The annual performance announcement will be published on the Hong Kong Stock Exchange website and the company's website, with the annual report for the year ending December 31, 2025, to be sent to shareholders[73]. - The chairman expressed gratitude to all employees, shareholders, banks, customers, and suppliers for their support and trust[74]. - The board of directors consists of four executive directors and three independent non-executive directors[75].

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 而引致的任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：1701） 董事會會議日期 本公司董事會（「董事會」）謹此宣佈，本公司董事會會議將於二零二六年三月二十七日舉行，以（其中 包括）考慮及通過本公司截至二零二五年十二月三十一日止年度的年度業績及考慮有關派發末期股息 （如有）的建議。 香港，二零二六年三月十一日 於本公告日期，董事會成員包括執行董事虞丁心先生、潘渭先生、徐炯先生及安家晉先生；及獨立 非執行董事趙劍波先生、周禮女士及應鹿鳴先生。 TU YI HOLDING COMPANY LIMITED 途屹控股有限公司 承董事會命 途屹控股有限公司 主席兼執行董事 虞丁心 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年2月28日 | | | 狀態: | 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | 途屹控股有限公司 | | | | | | 呈交日期: | 2026年3月2日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | 證券代號 (如上市) | 01701 | 說明 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.01 HKD | | 15,000,000 | | 增加 / 減少 (-) | | | | | | HK ...

Core Viewpoint - Tuiyi Holdings (01701) announced the acquisition of 100% of the issued shares of the target company, Nihon Kiko Co., Ltd., for approximately 89.5 million Japanese yen, with price adjustments based on tax liabilities and bank cash [1] Group 1: Acquisition Details - The buyer, Shusanshi Takitei Co., Ltd., is a wholly-owned subsidiary of Tuiyi Holdings, and the seller is an independent third party [1] - The acquisition price is subject to downward adjustment for all tax liabilities listed in the target company's accounts as of January 31, 2026, and upward adjustment for all bank cash belonging to the seller [1] - Upon completion of the acquisition, the target company will become an indirect wholly-owned subsidiary of Tuiyi Holdings, and its financial performance will be consolidated into the group's financial results [1] Group 2: Business Operations - The primary business of the target company, Nihon Kiko Co., Ltd., is providing sightseeing bus transportation services [1] - Tuiyi Holdings' main business includes outbound travel tour sales, local tours, free travel products, visa application services, duty-free shop operations, and hotel services [1] - The acquisition will enhance the sightseeing bus capacity to accommodate larger tourist groups and improve customer experience [1]

Core Viewpoint - Tuyi Holdings (01701) announced the signing of a share purchase agreement for the acquisition of 100% of the issued shares of the target company, Nihon Kiko Co., Ltd., for approximately 89.5 million Japanese yen, with price adjustments based on tax liabilities and bank cash [1] Group 1: Acquisition Details - The buyer, Shusanshi Takitei Co., Ltd., a wholly-owned subsidiary of Tuyi Holdings, will acquire the target company from an independent third party [1] - The purchase price of approximately 89.5 million Japanese yen is subject to adjustments based on the target company's tax liabilities and bank cash as of January 31, 2026 [1] Group 2: Business Impact - Following the completion of the acquisition, the target company will become an indirect wholly-owned subsidiary of Tuyi Holdings, and its financial performance will be consolidated into the group's financial results [1] - The target company primarily provides sightseeing bus transportation services, which will enhance Tuyi Holdings' capacity to accommodate larger tourist groups and improve customer experience [1]

Core Viewpoint - Tuiyi Holdings (01701.HK) announced the acquisition of 100% of the issued shares of Nikko Kotsu Co., Ltd. for approximately HKD 4.6 million, with price adjustments based on tax liabilities and bank cash [1] Group 1: Acquisition Details - The buyer, Shushanshi Takitei Co., Ltd., a wholly-owned subsidiary of the group, entered into a share purchase agreement with an independent third party [1] - The acquisition price is subject to downward adjustment for all tax liabilities listed in the target company's accounts as of January 31, 2026, and upward adjustment for all bank cash belonging to the seller [1] Group 2: Business Impact - Following the completion of the acquisition, the target company will become an indirect wholly-owned subsidiary of the group, and its financial performance will be consolidated into the group's financial results [1] - The target company's primary business is providing sightseeing bus transportation services, which will enhance the group's capacity to accommodate larger tourist groups and improve customer experience [1]

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 而引致的任何損失承擔任何責任。 途屹控股有限公司 （於開曼群島註冊成立之有限公司） TU YI HOLDING COMPANY LIMITED （股份代號：1701） 須予披露交易 收購目標公司 收購事項－購股協議 董事會欣然宣佈，於二零二六年二月三日，買方（本集團的全資附屬公司）與賣方（獨立第三方） 訂立購股協議，據此，買方同意收購，而賣方同意出售目標公司的100%已發行股份，代價為約 89,500,000日圓（相當於約4.6百萬港元），可進行價格調整：1)於目標公司截至二零二六年一月 三十一日賬冊中所列的所有應付稅項均由賣方負擔，因此，上述代價應按應付稅項總額向下調 整；及2)於目標公司截至二零二六年一月三十一日賬冊中所列的所有銀行現金均歸屬於賣方，因 此，上述代價須按該銀行現金總額予以上調。 於收購事項完成後，目標公司將成為本集團的間接全資附屬公司，而目標公司的財務業績將因此 併入本集團的財務業績。 上市規則的涵義 由於收購事項的 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2026年1月31日 | | | | 狀態: 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | 途屹控股有限公司 | | | | | | 呈交日期: | 2026年2月3日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | 證券代號 (如上市) | 01701 | 說明 | | | | 本月底法定/註冊股本總額： HKD 15,000,000 FF301 第 1 頁 共 10 頁 v 1.2.0 法定/註冊股份數目 面值 法定/註冊股本 上月底結存 1,500,000,000 HKD 0.01 HKD 15,000,000 增加 / 減少 (-) HKD 本月底結存 1,500,000,000 HKD 0.01 HKD 15,000,000 FF301 II. 已發行股 ...

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 | 狀態: 新提交 | | --- | | 截至月份: 2025年12月31日 | 致：香港交易及結算所有限公司 公司名稱: 途屹控股有限公司 呈交日期: 2026年1月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01701 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,0 ...

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 | | | 致：香港交易及結算所有限公司 公司名稱: 途屹控股有限公司 呈交日期: 2025年12月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01701 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | 本月底法定/註冊股本總額： HKD 15,000,000 F ...