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的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。 WELIFE TECHNOLOGY LIMITED 維 力 生 活 科 技 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1703） 茲提述維力生活科技有限公司（「本公司」）日期為2025年5月27日有關截至2025年3月31日止年 度之年度業績公告（「該公告」）。除非另有界定，本公告所用詞彙與該公告所界定者具有相同 涵義。 本公司注意到該公告第13及18頁「或然負債」一節中因杰晟思之律師的法律陳述修訂而出現貨 幣類別之手文之誤，故本公司謹此澄清第13及18頁所述章節第二段及第三段應如下列示（改動 以下劃線標示以方便參考）： 「於2023年7月14日，就顧問協議的薪酬而言，本公司與杰晟思訂立薪酬協議（「薪酬協議」），據 此，顧問費（即人民幣9,400,000元港元）（「顧問費」）將以配發及發行45,000,000股股份（「代價股 份」）的方式支付，發行價為每股代價股份0.227港元。其 ...

Financial Performance - For the fiscal year ending March 31, 2025, revenue was approximately HKD 227.6 million, a decrease of about 46.0% compared to HKD 421.3 million in 2024[3] - The company reported a loss of approximately HKD 32.0 million for the fiscal year ending March 31, 2025, compared to a profit of approximately HKD 28.8 million in 2024[3] - Basic loss per share for the fiscal year ending March 31, 2025, was approximately HKD 0.028, while basic earnings per share for 2024 was approximately HKD 0.025[3] - The company reported a net loss of HKD 141,000 from other gains or losses, compared to a gain of HKD 7,789,000 in 2024[23] - The group reported a net loss of approximately HKD 32.0 million for the year ended March 31, 2025, compared to a profit of approximately HKD 29.0 million for the year ended March 31, 2024, representing a decrease of approximately 60.8 million HKD[52] Revenue and Income - The revenue from Chinese restaurant operations was HKD 226,631,000, down 46.1% from HKD 419,730,000 in the previous year[21] - Other income for the year was HKD 4,367,000, a decline of 16.0% compared to HKD 5,191,000 in 2024[21] - The company recognized government subsidies of HKD 90,000 under the anti-epidemic fund, significantly lower than HKD 454,000 in the previous year[24] - The group's revenue decreased by 46.0% from approximately HKD 421.3 million for the year ended March 31, 2024, to approximately HKD 227.6 million for the year ended March 31, 2025[44] Assets and Liabilities - Total assets less current liabilities as of March 31, 2025, were HKD 14.7 million, down from HKD 56.6 million in 2024[6] - The company’s net assets decreased to HKD 8.7 million as of March 31, 2025, compared to HKD 40.8 million in 2024[6] - The company’s current liabilities exceeded current assets by approximately HKD 15.9 million as of March 31, 2025, compared to HKD 23.1 million in 2024[9] - As of March 31, 2025, trade receivables aged within 30 days amounted to HKD 1,251 thousand, a decrease from HKD 2,602 thousand in 2024[31] - Trade payables aged within 30 days were HKD 3,454 thousand in 2025, compared to HKD 6,666 thousand in 2024[33] Cost Management - The company is implementing cost control measures to generate cash flow from operations[11] - The total employee costs for the fiscal year 2025 amounted to HKD 115,748 thousand, down from HKD 146,614 thousand in 2024, reflecting a reduction of approximately 21.0%[8] - Employee costs decreased by approximately 21.0% from approximately HKD 146.6 million for the year ended March 31, 2024, to approximately HKD 115.7 million for the year ended March 31, 2025[48] Governance and Management - The company has not appointed a CEO, as the role is collectively fulfilled by all executive directors, allowing for swift decision-making in a changing environment[82] - The audit committee, consisting of four independent non-executive directors, assists the board in monitoring audit procedures and reviewing financial reporting policies[81] - The company is continuously evaluating the need for changes in its governance structure to enhance decision-making efficiency[82] Legal and Compliance Issues - The independent auditor's report indicates that the company could not provide sufficient appropriate audit evidence due to missing records, impacting the audit opinion on the consolidated financial statements[86] - The company is facing legal claims totaling approximately HKD 13,804,000 related to a settlement to dismiss a winding-up petition[38] - The company reported a loss provision of approximately HKD 13,804,000 related to a legal claim from creditors, which was settled on July 10, 2024[91] - The independent auditor could not determine the potential impact of missing documents on the financial statements, affecting the integrity of the reported figures[94] Future Plans and Strategies - The group plans to open two new Eastern and Western concept restaurants by March 2025, aiming to attract younger consumers and improve cash flow cycles[42] - The group will explore strategic partnerships with third-party restaurant operators to enhance market penetration and competitive differentiation[42] - The company plans to allocate approximately HKD 5 million to open a new restaurant offering different cuisines to attract new customers[72] Shareholder Information - The board of directors did not recommend the payment of a final dividend for the fiscal year ending March 31, 2025[3] - The company did not declare or recommend any dividends for the fiscal years ending March 31, 2025, and 2024[27] - The company did not recommend a final dividend for the fiscal year ending March 31, 2025, due to challenging business conditions and cash flow assessments[74] - The annual performance announcement will be published on the Hong Kong Stock Exchange and the company's website[95] - Trading of shares will be suspended starting from November 28, 2023, at 9:00 AM[96] - Shares will remain suspended until further notice[97] - The annual report for the year ending March 31, 2025, will be sent to shareholders in due course[95] Miscellaneous - The company has not identified any significant impact from the newly adopted Hong Kong Financial Reporting Standards on its financial statements[15] - The company has been unable to locate certain financial records and documents from previous directors, which may affect future reporting[14] - The company has no individual external customer revenue exceeding 10% of total revenue for the two years reported[20] - The company’s non-current assets are all located in Hong Kong, with no significant geographical revenue diversification[19] - The company has maintained a sufficient public float of at least 25% of issued shares since its listing[70] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the reporting period[67] - The company has not issued any stock options since the plan's effective date, and there were no unexercised options as of March 31, 2025[64] - The company has complied with the corporate governance code, with some deviations noted[76] - The independent auditor's inability to obtain sufficient evidence may lead to significant impacts on the financial statements for the fiscal year ending March 31, 2025[94] - The company has received ongoing financial support from a shareholder, ensuring the ability to meet its obligations[10]

(formerly known as Palace Banquet Holdings Limited) （前稱首灃控股有限公司） (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） （Stock code 股份代號：1703） ANNUAL REPORT 2023 年報 Non-executive Director Mr. Hu Zhi Xiong (Chairman) Independent Non-executive Directors Mr. Wong Tat Keung Mr. Wong Wai Ming Mr. Tang Tsz Tung Contents 目錄 COMPANY SECRETARY | | Corporate Information | | --- | --- | | 2 | 公司資料 | | 4 | Financial Highlights 財務摘要 | | 5 | Chairman's Statement 主席的話 | | 6 | Management Discussion an ...

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之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 WELIFE TECHNOLOGY LIMITED 維力生活科技有限公司 （股份代號：1703） （於開曼群島註冊成立的有限公司） （前稱Palace Banquet Holdings Limited首灃控股有限公司） 截 至2023年3月31日止年度之年度業績公告 財務摘要 • 截 至2023年3月31日 止 年 度，收 益 約 為304.4百 萬 港 元（2022年：約294.1百 萬 港 元），增 加 約3.5%。 • 截 至2023年3月31日 止 年 度，虧 損 約 為6.9百 萬 港 元，而 截 至2022年3月31 日止年度虧損約為32.0百 萬 港 元。 • 截 至2023年3月31日 止 年 度，每 股 基 本 虧 損 約 為0.6港 仙，而 截 至2022年3 月31日 止 年 度，每 股 基 本 虧 損 約 為2.8港 仙。 ...

Stock code 股份代號 : 1703 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） Interim Report 中期報告 2022/2023 Palace Banquet Holdings Limited 首灃控股有限公司 Interim Report 2022/2023 中期報告 CORPORATE INFORMATION 公司資料 BOARD OF DIRECTORS Executive Directors Mr. Tam Kar Wai Mr. Cheng Man Cheong Mr. Chan Shou Ming (resigned on 1 October 2022) Non-executive Director 董事會 Mr. Hu Zhi Xiong (Chairman) Independent Non-executive Directors Mr. Wong Tat Keung Mr. Wong Wai Ming Mr. Tang Tsz Tung Company Secret ...

(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） Stock code 股份代號 : 1703 2022 Annual Report 年報 Contents 目錄 | | Corporate Information | | --- | --- | | 2 | 公司資料 | | 5 | Financial Highlight 財務摘要 | | | Chairman's Statement | | 6 | 主席的話 | | 7 | Management Discussion and Analysis 管理層討論及分析 | | 16 | Report of the Directors 董事會報告 | | 31 | Corporate Governance Report 企業管治報告 | | 46 | Directors and Senior Management 董事及高級管理層 | | 51 | Independent Auditors' Report 獨立核數師報告 | | 58 | Consolidated ...

Stock code 股份代號 : 1703 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） Interim Report 中期報告 PALACE BANQUET HOLDINGS LIMITED 首灃控股有限公司 INTERIM REPORT 2021/22 中期報告 CORPORATE INFORMATION 公司資料 BOARD OF DIRECTORS Executive Directors Mr. Chan Shou Ming (Chairman) Ms. Chen Xiao Ping (Chief Executive Officer) Ms. Qian Chunlin Independent Non-executive Directors Mr. Lee Wai Man (appointed on 14 July 2021) Mr. Ng Kwok Tung Mr. Tsang Hung Kei Mr. Chan Koon Yuen Windaus (resigned on 14 July 2 ...

(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） Stock code 股份代號 :1703 2021 Annual Report 年報 Annual Report 年報 2019 Palace Banquet Holdings Limited 首灃控股有限公司 Annual Report 2021年報 1703_Palace Banquet_AR21_CR_OP.pdf 1 26/7/2021 下午4:08 Contents 目錄 Authorised Representatives Ms. Chen Xiao Ping Mr. Chan Yu Chi Independent Non-executive Directors Mr. Chan Koon Yuen Windaus Mr. Ng Kwok Tung Mr. Tsang Hung Kei (appointed on 31 March 2021) Mr. Chan Chung Yin (appointed on 28 September 2020 ...

(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） Stock code 股份代號 : 1703 2020/2021 Interim Report 中 期 報 告 Interim Report 2020/2021 中期報告 CORPORATE INFORMATION 公司資料 BOARD OF DIRECTORS Executive Directors Mr. Chan Shou Ming (Chairman) Ms. Chen Xiao Ping (Chief Executive Officer) Ms. Qian Chunlin Mr. Tam Kar Wai (appointed on 6 July 2020) Independent Non-executive Directors Mr. Chan Koon Yuen Windaus Mr. Ng Kwok Tung Mr. Yue Ming Wai Bonaventure Mr. Chan Chung Yin Victor (appointed on ...

(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） Stock code 股份代號 : 1703 Interim Report 2019/2020 中 期 報 告 Interim Report 2019/2020 中期報告 董事會 執行董事 陳首銘先生（主席） 陳曉平女士（行政總裁） 錢春林女士 獨立非執行董事 陳冠遠先生 伍國棟先生 余銘維先生 公司秘書 陳釗洪先生(CPA) 授權代表 陳曉平女士 陳釗洪先生 審核委員會 伍國棟先生（主席） 陳冠遠先生 余銘維先生 薪酬委員會 陳冠遠先生（主席） 伍國棟先生 余銘維先生 提名委員會 余銘維先生（主席） 陳冠遠先生 伍國棟先生 BOARD OF DIRECTORS Executive Directors Mr. Chan Shou Ming (Chairman) Ms. Chen Xiao Ping (Chief Executive Officer) Ms. Qian Chunlin Independent Non-executive Directors Mr ...