Financial Performance - Revenue increased by approximately 16.9% from RMB 525.2 million in the previous year to RMB 614.2 million for the year ending December 31, 2025, primarily due to rapid growth in domestic and outbound travel activities in China[3]. - Net profit for the reporting period was approximately RMB 58.7 million, a decrease of 28.3% compared to RMB 81.9 million in the previous year[4]. - Gross profit margin decreased from approximately 31.4% to 25.3% year-on-year[10]. - Revenue from online electronic guides sold through online travel platforms reached RMB 602.5 million in 2025, representing a 24.0% increase from RMB 485.9 million in 2024, accounting for about 98.1% of total revenue[27]. - Total sales cost increased by approximately 27.3% from about RMB 360.3 million to approximately RMB 458.5 million, primarily due to the growth in commissions retained by online travel platforms[30]. - Gross profit decreased by approximately 5.6% from about RMB 164.9 million to approximately RMB 155.7 million, with gross margin dropping from approximately 31.4% to 25.3%[31]. - The company reported a foreign exchange loss of RMB 1,609 thousand in 2025, compared to a gain of RMB 539 thousand in 2024[53]. - The total income tax expense for 2025 was RMB 58,147 thousand, an increase from RMB 41,121 thousand in 2024, representing a growth of approximately 41%[82]. - The group reported a financing cost of RMB 3,887 thousand in 2025, compared to RMB 2,300 thousand in 2024, indicating an increase of approximately 69%[77]. - The group has not declared or paid any dividends for the year ending December 31, 2025, consistent with 2024[83]. Operational Highlights - The number of online electronic guides increased from 75,943 to 89,952, while the number of covered tourist attractions in China rose from 49,734 to 56,221 during the same period[5]. - The company has expanded its online electronic guide coverage to include 921 domestic AAAAA-level tourist attractions, 5,323 AAAA-level attractions, and 5,873 AAA-level attractions by December 31, 2025[13]. - The company is focused on enhancing the user experience of electronic guides and developing customized content to maintain its market-leading position[12]. - The company is collaborating with content creators on mobile internet platforms to enhance product visibility and user conversion rates, contributing to a dual growth trend in online travel platforms[9]. - The company has established deep collaborations with various tourism bureaus and travel agencies to transform service models and enhance consumer travel experiences[16]. - The company continues to focus on expanding its online electronic navigation services in China, with a 100% ownership in its subsidiaries[57]. Technology and Innovation - The company is leveraging AR, MR, and AI technologies to enhance user experience and create a new sensory experience between the real and virtual worlds[6]. - The company is committed to integrating innovative technologies such as AI and MR into its services, enhancing the overall tourist experience with seamless content transitions[18]. - The "Lüji MR" product offers immersive experiences and supports multiple users interacting in the same virtual space, which is expected to become a significant growth driver for the company[18]. - The introduction of national-level IP virtual characters using AR technology is expected to significantly increase user conversion rates and engagement, leading to substantial growth in the online electronic guide market[15]. - The company is leveraging large model technology to create proactive, scenario-based, and highly interactive travel intelligence, transforming traditional electronic maps into a 24/7 personal tour guide[19]. Cost Management - Sales and distribution expenses significantly reduced by approximately 45.3% compared to the previous year, while administrative expenses (excluding share-based payment expenses) increased by approximately 15.1%[7]. - Selling and distribution expenses decreased by approximately 45.3% from about RMB 13.7 million to approximately RMB 7.5 million, primarily due to reduced offline promotional services and online marketing expenses[33]. - Administrative expenses increased by approximately 15.1% from about RMB 25.6 million to approximately RMB 29.4 million, mainly due to increased consulting fees related to a rights issue[34]. Assets and Liabilities - As of December 31, 2025, cash and cash equivalents amounted to approximately RMB 193.0 million, a decrease from RMB 219.5 million as of December 31, 2024[43]. - Current liabilities net value increased to approximately RMB 5.6 million from RMB 2.1 million year-over-year[43]. - Total equity reached approximately RMB 1,210.6 million, up from RMB 1,009.2 million as of December 31, 2024, indicating a growth of about 19.9%[43]. - Non-current assets increased to RMB 1,216,664 thousand in 2025, up from RMB 1,021,309 thousand in 2024, reflecting a growth of 19.1%[54]. - Current liabilities rose to RMB 348,908 thousand in 2025, compared to RMB 280,688 thousand in 2024, an increase of 24.3%[54]. Corporate Governance - The company has complied with all applicable corporate governance codes and disclosure requirements during the reporting period[101]. - The board of directors has been restructured to meet the requirement of having at least three independent non-executive directors[100]. - The company continues to review and monitor its corporate governance practices to ensure compliance[102]. - The company has adopted a standard code of conduct for securities trading, confirming compliance by all directors during the reporting period[103]. - The audit committee, consisting of three independent non-executive directors, reviewed the company's accounting principles and annual financial performance, confirming compliance with relevant standards[106]. Future Outlook - The Chinese tourism market is expected to recover rapidly, driven by government measures to stimulate domestic consumption and increasing consumer demand for contactless travel experiences[20]. - The company aims to enhance its market leadership in the online electronic guide sector by continuously optimizing its guiding products and integrating technologies such as MR and AI[22]. - The online travel product penetration rate is projected to continue increasing, supported by the government's push for technological innovation in the tourism sector[21]. - The company plans to create a one-stop smart tourism ecosystem that connects various consumer services, enhancing the overall travel experience[23].

驢 跡 科 技 控 股 有 限 公 司（「本公司」）之 董 事（「董 事」）會（「董事會」）謹 此 宣 佈，本 公 司 董 事 會 會 議 謹 訂 於 二 零 二 六 年 三 月 三 十 一 日（星 期 二）舉 行，藉 以（其 中 包 括）批 准本公司及其附屬公司截至二零二五年十二月三十一日止年度之經審核綜合財 務 業 績 的 發 佈，以 及 考 慮 建 議 派 發 末 期 股 息（如 有）。 承董事會命 Lvji Technology Holdings Inc. 驢跡科技控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰1745） 董事會會議日期 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份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。 臧偉仲 中國廣州，二零二六年三月十九日 於本公告日期，董事會包括三名執行董事，即臧偉仲先生、王磊先生及劉暉先生； 及四名獨立非執行董事，即顧劍璐女士、顧瑞珍女士、吳強先生及王露先生。 驢跡科技控股有限公司 主席及執行董事 ...

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: 驢跡科技控股有限公司 呈交日期: 2026年3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) | 01745 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | 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: 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: 驢跡科技控股有限公司 呈交日期: 2026年2月4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) | 01745 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | 本月底法定/ ...

Group 1 - The company announced that Mr. Yuan Ting will resign as CEO and Sales Director effective January 12, 2026, due to internal job adjustments and to focus on other operations within the group [1] - Mr. Wang Lei has been appointed as the new CEO and Sales Director, and he will also continue to serve as Executive Director and Vice Chairman of the Board [1]

Group 1 - The company announced that Mr. Yuan Ting will resign as CEO and Sales Director effective January 12, 2026, due to internal job adjustments and to focus on other operations within the group [1] - Mr. Wang Lei has been appointed as the new CEO and Sales Director, and he will also continue to serve as Executive Director and Vice Chairman of the Board [1]

Group 1 - The core announcement is about the management changes at Luyou Technology (01745.HK), effective from January 12, 2026 [1] - Yuan Ting will resign as CEO and Sales Director due to internal job adjustments and to focus on other operations within the group [1] - Wang Lei, currently an Executive Director and Vice Chairman of the Board, has been appointed as the new CEO and Sales Director [1]

驢 跡 科 技 控 股 有 限 公 司 董 事（「董 事」）會（「董事會」）成 員 載 列 如 下，自 二 零 二 六 年 一月十二日起生效。 執行董事 臧偉仲先生 （主席） 王磊先生 （副主席兼行政總裁） 劉暉先生 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份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。 Lvji Technology Holdings Inc. 驢跡科技控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰1745） 董事名單以及其角色及職能 – 1 – 中國廣州，二零二六年一月十二日 – 2 – 三個董事會委員會及該等委員會成員載列如下： 董事會委員會 董 事 審核委員會 薪酬委員會 提名委員會 臧偉仲先生 – 成 員 – 王磊先生 – – – 劉暉先生 – – 成 員 顧劍璐女士 主 席 主 席 成 員 顧瑞珍女士 成 員 成 員 成 員 吳強先生 – – – 王露先生 成 員 – 主 席 獨立非執行董事 顧劍璐女士 顧瑞珍女士 吳強先生 王露先生 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份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。 Lvji Technology Holdings Inc. 驢跡科技控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰1745） 更換行政總裁 根 據 本 公 司 與 王 先 生 於 二 零 二 四 年 七 月 七 日 訂 立 的 服 務 合 約，王 先 生 就 出 任 董 事 及 其 於 本 集 團 的 其 他 職 務 有 權 收 取 年 薪（包 括 董 事 袍 金、薪 金 及 其 他 福 利）約 人民幣322,000元。王先生的薪酬乃經參考其資歷、經驗、職責與責任以及當前市 況釐定。王先生將不會就擔任行政總裁及銷售總監收取額外薪酬。 除 上 文 所 披 露 者 外，於 本 公 告 日 期，王 先 生 並 無 於 本 公 司 或 其 任 何 相 聯 法 團 的 任 何 股 份、相 關 股 份 或 債 權 證 中 擁 有（或 被 視 為 擁 有）香 港 法 例 第571章證券及期 貨條例第XV ...

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: 驢跡科技控股有限公司 呈交日期: 2026年1月5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) | 01745 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | 0 | | 本月底結存 | | | 10,000,000,000 | USD | | 0.01 | USD | | 100,000,000 | 本月底 ...