呈交日期: 2026年2月2日 I. 法定/註冊股本變動 致：香港交易及結算所有限公司 公司名稱: 亞洲實業集團(控股)有限公司 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 | 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) | 01737 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/ ...

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12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: 亞洲實業集團 (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 本月底法定/註冊股本總額： HKD 20,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 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) | 01737 | 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 | | | 1,000,000,000 | | 0 | | 1,000,000,000 | | 增加 / 減少 (-) | | | | 0 | | | | | 本月底結存 | | | 1,000 ...

亞洲實業集團(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：1737） NOTIFICATION LETTER 通知信函 Dear Non-registered Holder(s)(Note 1) , A & S Group (Holdings) Limited (the "Company") - Notification of publication of Interim Report 2025 (collectively the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communication are available on the Company's website at www.asl.hk and the website of The Stock Exchange of Hon ...

A & S Group (Holdings) Limited 亞洲實業集團(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：1737） NOTIFICATION LETTER 通知信函 Note: Corporate Communications include any document(s) issued or to be issued by the Company for the information or action of holders of any of its securities or the investing public, including but not limited to (a) the directors' report and its annual accounts together with a copy of the auditors' report and, where applicable, its summar ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 228,330,000, a decrease of 26.5% compared to HKD 310,905,000 for the same period in 2024[6] - Gross profit for the same period was HKD 13,563,000, down 47.5% from HKD 25,782,000 in 2024[6] - Operating loss for the six months was HKD 10,123,000, compared to an operating profit of HKD 1,577,000 in the previous year[6] - The company reported a loss attributable to owners of HKD 11,523,000 for the six months, compared to a profit of HKD 70,000 in the same period last year[6] - Revenue for air freight forwarding services decreased to HKD 121,768,000, down 42.5% from HKD 212,082,000 in the previous year[19] - Revenue from air cargo station operation services increased to HKD 106,562,000, up 7.0% from HKD 98,823,000 in the previous year[19] - Total revenue for the six months ended September 30, 2025, was HKD 228,330,000, a decrease of 26.5% compared to HKD 310,905,000 in the same period last year[19] - The company reported a loss attributable to shareholders of HKD 11,523,000 for the six months ended September 30, 2025, compared to a profit of HKD 70,000 for the same period in 2024, resulting in a basic loss per share of HKD (0.12) compared to HKD 0.01 in the previous year[34] Cash Flow and Financing - The net cash used in financing activities was HKD 21,255,000, an improvement from HKD 28,438,000 in the prior year[12] - Cash and cash equivalents at the end of the period were HKD 58,428,000, down from HKD 79,225,000 at the beginning of the period[12] - The company reported no bank borrowing interest for the current period, compared to HKD 26,000 in the previous year[28] - The company has incurred operational funding of approximately HKD 0.2 million for initial operations during the review period[85] Assets and Liabilities - Total assets decreased to HKD 281,620,000 as of September 30, 2025, from HKD 319,981,000 as of March 31, 2025[8] - The company's equity attributable to owners decreased to HKD 172,801,000 from HKD 184,324,000[8] - Trade receivables increased to HKD 119,576,000 from HKD 116,533,000[8] - Trade payables were reported at HKD 21,566,000 as of September 30, 2025, compared to HKD 24,661,000 as of March 31, 2025[46] - The company's current assets net value was approximately HKD 121.1 million as of September 30, 2025, down from approximately HKD 132.6 million as of March 31, 2025[66] - The debt-to-equity ratio was approximately 30.0% as of September 30, 2025, down from 38.8% as of March 31, 2025, primarily due to a reduction in lease liabilities[68] Operational Highlights - Direct labor costs were HKD 51,393,000, down 17.2% from HKD 62,021,000 in the previous year[26] - Total administrative and other operating expenses included property, plant, and equipment depreciation of HKD 3,055,000, up from HKD 640,000 in the previous year[26] - The company maintained stable administrative and operating expenses at approximately HKD 25.4 million for the review period[61] - The financial costs remained stable at approximately HKD 1.5 million for both the review period and the previous period[63] - As of September 30, 2025, the group employed 324 staff, a decrease from 363 staff as of March 31, 2025, with total employee costs amounting to approximately HKD 59.2 million[71] Strategic Initiatives - The company is cautiously optimistic about the medium to long-term development of the industry, anticipating a gradual recovery in international logistics demand[57] - The company plans to diversify its business model, including value-added services and integrated logistics solutions, to enhance revenue sources and profitability[57] - The group has established a new warehouse property of approximately 130,000 square feet in Tuen Mun, with ongoing renovations and installations of security systems[80] - The group has purchased an additional 13 units of 16-ton trucks and one unit of 5.5-ton truck, enhancing its logistics capabilities[82] - The warehouse management system has been upgraded to improve data accuracy and transparency in freight operations[83] Corporate Governance - The company has adhered to the corporate governance code during the review period and up to the report date[111] - The Audit Committee, established on February 21, 2018, includes independent non-executive directors and is responsible for reviewing financial information and overseeing the financial reporting system[112] - The interim financial statements for the review period were not audited but were reviewed by the Audit Committee, which found them compliant with applicable accounting standards and listing rules[112] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[115] Shareholder Information - The company has a significant shareholder structure, with Mr. Luo Guoliang and Mr. Luo Guohao each holding 75% of the company's shares through Dynamic Victor, totaling 750 million shares[90][91] - Dynamic Victor, as a beneficial owner, holds 75% of the company's shares, equivalent to 750 million shares[94] - Zhao Datting sold 10% of Dynamic Victor's shares, resulting in ownership of 65% and 35% for Luo Guoliang and Luo Guohao respectively[99] - The company has a stock option plan with a maximum issuance limit of 100,000,000 shares, representing 10% of all issued shares at the time of listing[103] - The stock option plan aims to attract and retain top talent, providing additional incentives to employees, directors, and business partners[102]

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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 亞洲實業集團 (控股) 有限公司 呈交日期: 2025年12月1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) | 01737 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月 ...

Core Viewpoint - Asia Industries Group (01737) reported a significant decline in revenue and incurred a loss for the six months ending September 30, 2025, primarily due to adverse conditions in the global air freight market [1] Financial Performance - The company achieved revenue of approximately HKD 228 million, representing a year-on-year decrease of 26.56% [1] - The loss attributable to the company's owners for the period was approximately HKD 11.52 million, compared to a profit of HKD 70,000 in the same period last year [1] - Earnings per share reflected a loss of HKD 0.12 [1] Market Conditions - The decline in revenue was attributed to a slowdown in global economic growth, changes in trade flows, and weakened demand on certain routes, which collectively led to a decrease in the overall cargo handling volume for the company's air freight forwarding ground services [1]

Group 1 - The company reported a revenue of approximately HKD 228 million for the six months ending September 30, 2025, representing a year-on-year decrease of 26.56% [1] - The company incurred a loss attributable to shareholders of approximately HKD 11.52 million, compared to a profit of HKD 70,000 in the same period last year [1] - The loss per share was HKD 0.12 [1] Group 2 - The decline in revenue was primarily due to the ongoing impact of macroeconomic slowdown, changes in trade flows, and weakened demand on certain routes in the global air freight market during the first half of the year [1] - The overall cargo handling volume for the company's air freight forwarding ground services decreased as a result of these factors [1]

Core Viewpoint - Asian Industries Group (01737.HK) reported a significant decline in revenue and a shift from profit to loss for the six months ending September 30, 2025, primarily due to adverse conditions in the global air freight market [1] Financial Performance - The company's revenue decreased by approximately 26.6% to around HKD 228 million during the reporting period [1] - The group recorded a loss attributable to shareholders of approximately HKD 11.6 million, compared to a profit of HKD 70,000 in the same period the previous year [1] Market Conditions - The decline in performance was attributed to a slowdown in global economic growth, changes in trade flows, and weakened demand on certain routes, which collectively led to a decrease in the overall cargo handling volume for the company's air freight forwarding and ground services [1]

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 228,330,000, a decrease of 26.5% compared to HKD 310,905,000 for the same period in 2024[3] - The gross profit for the same period was HKD 13,563,000, down 47.5% from HKD 25,782,000 in 2024[3] - The operating loss for the six months was HKD 10,123,000, compared to an operating profit of HKD 1,577,000 in the previous year[3] - The net loss attributable to shareholders was HKD 11,523,000, compared to a profit of HKD 70,000 in 2024[3] - Revenue for the six months ended September 30, 2025, was HKD 228,330,000, a decrease of 26.5% compared to HKD 310,905,000 for the same period in 2024[14] - The pre-tax loss for the six months ended September 30, 2025, was HKD 11,523,000, compared to a profit of HKD 70,000 in 2024, resulting in a basic loss per share of HKD (0.12)[26] - The group reported a decrease in non-current lease liabilities from HKD 42,011,000 as of March 31, 2025, to HKD 21,191,000 as of September 30, 2025[31] - Gross profit fell by approximately 47.4% from about HKD 25.8 million to approximately HKD 13.6 million, with a gross margin of about 5.9%, down 2.4 percentage points from 8.3% in the same period last year[50] - The group recorded a loss attributable to shareholders of approximately HKD 11.6 million, a significant decline from a profit of approximately HKD 70,000 in the same period last year[55] Assets and Liabilities - The company's total assets decreased to HKD 281,620,000 from HKD 319,981,000 as of March 31, 2025[4] - Current liabilities decreased to HKD 108,987,000 from HKD 135,657,000[5] - The company’s equity attributable to shareholders decreased to HKD 172,801,000 from HKD 184,324,000[4] - The group's current assets net value was approximately HKD 121.1 million as of September 30, 2025, compared to approximately HKD 132.6 million on March 31, 2025[56] - Trade payables as of September 30, 2025, were HKD 21,566,000, with the aging analysis showing HKD 18,182,000 due within 30 days[39] Cash Flow - Cash and cash equivalents at the end of the period were HKD 58,428,000, down from HKD 79,225,000 at the beginning of the period[9] - The net cash generated from operating activities was HKD 443,000, a significant decline from HKD 36,379,000 in the previous year[9] - The group's cash balance decreased from HKD 79,225,000 as of March 31, 2025, to HKD 58,428,000 as of September 30, 2025, reflecting a decline of approximately 26.2%[36] - The group's cash and bank balances as of September 30, 2025, totaled HKD 58,428,000, after accounting for pledged deposits of HKD 3,066,000[36] Operational Highlights - The company reported a significant reduction in air freight forwarding ground service revenue to HKD 121,768,000, down 42.5% from HKD 212,082,000 in 2024[14] - Direct labor costs for the six months ended September 30, 2025, were HKD 51,393,000, a decrease of 17.2% from HKD 62,021,000 in 2024[20] - The company’s total direct costs for the six months ended September 30, 2025, were HKD 183,217,000, down from HKD 245,918,000 in 2024, reflecting a cost reduction strategy[20] - Employee costs totaled approximately HKD 59.2 million during the review period, down from approximately HKD 69.9 million in the same period last year[61] - The group employed 324 employees as of September 30, 2025, down from 363 employees on March 31, 2025[61] Corporate Governance - The company is committed to maintaining high standards of corporate governance, which is essential for gaining and maintaining stakeholder trust[92] - The audit committee, established on February 21, 2018, is chaired by an independent non-executive director and includes three independent non-executive directors[94] - The audit committee's primary duties include reviewing financial information, overseeing the financial reporting system, and ensuring compliance with applicable accounting standards[95] - The company has complied with the corporate governance code during the review period and up to the date of this announcement[93] Shareholder Information - As of September 30, 2025, Mr. Luo Guoliang and Mr. Luo Guohao each hold 750,000,000 shares, representing 75.0% ownership in the company[76] - Dynamic Victor, the beneficial owner, also holds 750,000,000 shares, equating to 75.0% of the company's shares[78] - No shares were bought, sold, or redeemed by the company or its subsidiaries during the review period, and the company held no treasury shares as of September 30, 2025[79] - There were no reported conflicts of interest or competitive activities involving directors or controlling shareholders during the review period[80] Future Outlook - The management remains cautiously optimistic about the medium to long-term development of the industry, focusing on diversifying business models and enhancing revenue sources[48] - The company plans to fully utilize the remaining net proceeds within nine months from the announcement date, subject to market conditions[75]