秀商時代控股有限公司 此 乃 要 件 請 即 處 理 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通函的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示，概不對因本通函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。 閣下如對本通函任何內容或應採取的行動有任何疑問，應諮詢 閣下的持牌證券交易商、銀 行經理、律師、專業會計師或其他專業顧問。 閣下如已出售或轉讓名下所有秀商時代控股有限公司股份，應立即將本通函及隨附的代表 委任表格送交買主或承讓人，或經手買賣或轉讓的銀行、持牌證券交易商或其他代理商，以 便轉交買主或承讓人。 AM GROUP HOLDINGS LIMITED 隨本通函附奉適用於股東特別大會的代表委任表格。該代表委任表格亦於聯交所網 站(www.hkexnews.hk)及本公司網站(www.amgroupholdings.com)登載。倘 閣下未能或 不擬親身出席股東特別大會，並有意行使 閣下作為股東的權利，務請按照隨附代表委任表 格上印列的指示填妥並簽署該表格，並儘快但無論如何不遲於股東特別大會或其續會（視情 況而定）指定舉行時間的48小時前將已填妥的 ...

AM GROUP HOLDINGS LIMITED 秀商時代控股有限公司董事會（「董事會」）成員載列如下： 陳佳仁先生 Lee Shy Tsong先生 許聞釗先生 董事會設有三個委員會。各董事會成員在這些委員會中所擔任的職位如下： 審核委員會 秀商時代控股有限公司 （於開曼群島註冊成立的有限公司） 執行董事 （股份代號：1849） 張麗蓮女士 （聯席主席兼行政總裁） 張國良先生 牟雷先生 （聯席主席） 董事名單與其角色和職能 獨立非執行董事 陳佳仁先生 （主席） Lee Shy Tsong先生 許聞釗先生 香港，二零二五年三月一日 陳佳仁先生 （主席） Lee Shy Tsong先生 許聞釗先生 薪酬委員會 Lee Shy Tsong先生 （主席） 張麗蓮女士 陳佳仁先生 提名委員會 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 AM GROUP HOLDINGS LIMITED 秀商時代控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1849） 建議罷免一名董事 董事會認為，倘建議罷免事項生效，將不會對本集團的業務營運造成重大不利影 響。 適用法律及罷免程序 根據本公司的公司細則（「細則」）中第83(5)條細則，本公司股東可於根據細則召開及 舉行的任何股東大會上，透過普通決議隨時將任期尚未屆滿的任何董事撤職，即使 細則或本公司與該董事訂立的任何協議有任何相反規定（但無損根據任何合約提出 的任何損害索償）。 因此，董事會有意於股東特別大會上提呈一項普通決議案，罷免標的董事的董事職 務。本公司將於實際可行情況下盡快向股東寄發一份通函，當中載有有關建議罷免 事項的進一步資料及股東特別大會通告連同代表委任表格。 秀商時代控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事（「董事」） 會（「董事會」 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 AM GROUP HOLDINGS LIMITED 秀商時代控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1849） 委任獨立非執行董事 許先生，44歲，擁有逾18年法律、企業融資及資本市場經驗。彼持有新加坡國立大 學法律學士學位，並為新加坡執業訟辯律師及律師。彼曾於多間公司擔任高級法律 職位，包括ICHX Tech Pte Ltd、MindChamps PreSchool Singapore Pte Ltd、 Digitrade Fintech Pte Ltd、EVYD Research Private Limited及Yangzijiang Financial Holding Ltd。彼現時為RCP Law LLC的董事。 許先生現時為福興中國集團有限公司（新加坡證券交易所上市公司，股票代碼： AWK）的獨立非執行董事。許先生亦曾任快餐帝國控股有限公司（聯交所上市公 司， ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 AM GROUP HOLDINGS LIMITED 秀商時代控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1849） 內幕消息： 預期二零二四年中期業績及二零二四年中期報告將於二零二四年全年業績刊發後刊 發，而二零二四年全年業績將延遲至二零二五年三月後刊發。 (1)可能延遲刊發二零二四年中期業績及寄發二零二四年中期報告；及 (2)繼續暫停買賣 本公告由秀商時代控股有限公司（「本公司」，連同其附屬公司稱為「本集團」）董事 （「董事」）會（「董事會」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第 13.09(2)(a)及13.49(3)條以及香港法例第571章證券及期貨條例第XIVA部下的內幕 消息條文（定義見上市規則）作出。 謹此提述本公司日期分別為二零二四年十二月二十三日及二零二五年一月十七日的 公告，內容有關（其中包括）(a)復牌指引；及(b)業務營運的季度最新 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 AM GROUP HOLDINGS LIMITED 秀商時代控股有限公司 繼續暫停買賣 （於開曼群島註冊成立的有限公司） （股份代號：1849） 內幕消息： (A)額外復牌指引；及 (B)繼續暫停買賣 本公告由秀商時代控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）根據 香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第13.09(2)(a)條及 香港法例第571章證券及期貨條例第XIVA部發表。 謹此提述(a)本公司日期為二零二四年十二月二十三日的公告，內容有關（其中包括） 復牌指引；(b)本公司日期為二零二四年九月二十三日、二零二四年九月二十四日及 二零二四年九月三十日的公告，內容有關（其中包括）(i)延遲刊發二零二四年全年業 績及二零二四年年報；及(ii)延期舉行本公司股東週年大會；以及(c)本公司日期為 二零二四年十月十日的公告，內容有關（其中包括）張虹女 ...

（於開曼群島註冊成立的有限公司） （股份代號：1849） 香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 AM GROUP HOLDINGS LIMITED 秀商時代控股有限公司 有關業務營運的季度最新消息及復牌進度的 補充公告 本公告由秀商時代控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）根據 香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第13.09(2)(a)條及 香港法例第571章證券及期貨條例第XIVA部發表。 謹此提述本公司日期為二零二四年十二月二十三日的公告（「第一份季度最新消息公 告」），內容有關（其中包括）(a)復牌指引；及(ii)業務營運的季度最新消息及復牌進 度。 謹此提述本公司日期為二零二四年九月二十三日、二零二四年九月二十四日及二零 二四年九月三十日的公告（連同第一份季度最新消息公告統稱為「該等公告」），內容 有關（其中包括）(i)延遲刊發二零二四年全年業績及二零二四年年報；及(i ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 AM GROUP HOLDINGS LIMITED 秀商時代控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1849） 內幕消息： (A)復牌指引；及 謹此提述本公司日期為二零二四年九月二十三日、二零二四年九月二十四日及二零 二四年九月三十日的公告（統稱為「該等公告」），內容有關（其中包括）(i)延遲刊發二 零二四年全年業績及二零二四年年報；及(ii)延期舉行本公司股東週年大會。除非另 有界定，否則本公告所用的專有詞彙具有該等公告所界定的相同涵義。 復牌指引 於二零二四年十二月二十三日，本公司收到一封由聯交所發出的函件，當中載有以 下關於恢復本公司股份買賣的復牌指引（「復牌指引」）： – 1 – (a) 發佈上市規則所規定的所有未發佈財務業績，並處理任何審核修改； (b) 證明在管理層及╱或任何對本公司管理及營運具有重大影響力的人士的誠信、 能力及╱或品格方面並無可能對投資者構 ...

Financial Performance - The group's revenue for the six months ended December 31, 2023, was SGD 15.1 million, a decrease of 36.3% compared to the same period last year[8]. - Gross profit for the reporting period was SGD 3.7 million, down 44.4% year-on-year[9]. - The loss for the period was SGD 0.2 million, a reduction of 107.6% compared to the previous year, primarily due to decreased revenue from online platform management services and creative and technical services[10]. - The gross margin decreased from approximately 28% to 25%[10]. - The total comprehensive loss for the period was SGD 0.271 million, compared to a comprehensive income of SGD 0.733 million in the previous year[12]. - The company reported a loss of SGD (399,000) for the six months ended December 31, 2023, compared to a profit of SGD 1,608,000 in the same period last year[25]. - The total comprehensive income for the period was SGD 507,000, down from SGD 733,000 in the previous period[25]. - The group's profit decreased by 107.6% to a loss of approximately SGD 0.2 million for the reporting period, compared to a profit of SGD 2.1 million for the six months ended December 31, 2022, primarily due to challenges in the macroeconomic environment in China and a decline in profits from creative and technical services[109]. Revenue Breakdown - The company's revenue for the six months ended December 31, 2023, was SGD 15,128,000, a decrease of 36.4% compared to SGD 23,740,000 for the same period in 2022[26]. - Search engine marketing services generated SGD 10,000,000, up from SGD 9,219,000, reflecting a growth of 8.5%[26]. - Revenue from social media marketing services rose to SGD 790,000, a 25.4% increase from SGD 630,000 in the prior year[30]. - Revenue from online platform management services decreased significantly to SGD 3,144,000 from SGD 11,537,000, reflecting a decline of 72.7%[42]. - The subsidiary Majestic State International Limited (MSIL) experienced a significant revenue drop of approximately 73%, from SGD 11.5 million to SGD 3.1 million, due to challenging economic conditions in China[97]. - Revenue from search engine marketing services increased by approximately 8.5% to SGD 10 million, while creative and technical services revenue decreased by about 49.3% to SGD 1.2 million[99]. Assets and Liabilities - Non-current assets totaled SGD 18.1 million as of December 31, 2023, compared to SGD 17.9 million as of June 30, 2023[14]. - Current assets increased to SGD 45.4 million from SGD 44.4 million[14]. - Current liabilities rose to SGD 23.6 million from SGD 22.1 million, resulting in a net current asset value of SGD 21.7 million[14]. - The total equity attributable to the owners of the company was SGD 31.97 million, down from SGD 32.46 million[14]. - The total cash and bank balances decreased to SGD 13,883,000 as of December 31, 2023, compared to SGD 14,739,000 as of June 30, 2023[78]. - Trade receivables as of December 31, 2023, were SGD 19,635,000, down from SGD 20,131,000 as of June 30, 2023, reflecting a decrease of approximately 2.5%[73]. - Trade payables increased to SGD 13,129,000 as of December 31, 2023, from SGD 12,050,000 as of June 30, 2023, representing an increase of approximately 8.9%[79]. - Contract liabilities rose to SGD 4,207,000 as of December 31, 2023, compared to SGD 3,903,000 as of June 30, 2023, indicating an increase of approximately 7.8%[81]. Cash Flow and Expenses - The operating cash flow before changes in working capital was SGD 582,000, significantly lower than SGD 4,534,000 in the previous period[18]. - The net cash used in operating activities was SGD (57,000), compared to a net cash inflow of SGD 3,993,000 in the prior period[19]. - General and administrative expenses decreased from approximately SGD 4.2 million to SGD 3.5 million, mainly due to a reduction in employee costs at MSIL[103]. - The company incurred general and administrative expenses of SGD 3,477,000, compared to SGD 4,213,000 in the previous year, indicating a reduction of 17.5%[42]. - Financial costs fell by approximately 46.2% from SGD 130,000 to SGD 70,000, primarily due to reduced interest on lease liabilities[105]. Shareholder Information - The company declared no interim dividend for the six months ended December 31, 2023, consistent with the previous year[10]. - The company did not declare an interim dividend for the six months ended December 31, 2023, compared to no dividend declared in the same period of 2022[65]. - As of December 31, 2023, the company has a total of 800,000,000 shares issued, with significant holdings by directors and executives[130]. - Ms. Zhang holds 412,615,000 shares, representing 51.58% of the issued share capital, while Mr. Zhang holds 408,000,000 shares, representing 51.00%[130]. - Mr. Kevin Yang holds 40,050,000 shares, which is 5.01% of the total issued shares[132]. Governance and Compliance - The company has adopted the corporate governance code as per the listing rules, ensuring high standards of governance[137]. - The audit committee, consisting of independent non-executive directors, oversees the financial reporting and risk management systems[141]. - The company confirms compliance with the standard code for securities transactions by all directors during the reporting period[140]. - The board believes that the current governance structure provides adequate checks and balances for decision-making[139]. - The group has adopted applicable accounting policies and standards for the unaudited condensed consolidated financial statements for the six months ended December 31, 2023[144]. Future Outlook - The company plans to continue focusing on online marketing services and e-commerce platform operations as part of its growth strategy[21]. - The company continues to explore opportunities for market expansion and new product development in the online marketing sector[39]. - The net proceeds from the IPO, amounting to approximately HKD 92 million, are planned to be utilized primarily for strengthening technical infrastructure and expanding business operations in Singapore, Malaysia, and China[123]. - The company continues to focus on emerging advertising platforms and invest in leading technologies to enhance performance and productivity[92].

Financial Performance - The group's revenue for the six months ended December 31, 2023, was SGD 15.1 million, a decrease of 36.3% compared to the same period last year[3]. - Gross profit for the reporting period was SGD 3.7 million, down 44.4% year-on-year[4]. - The loss for the period was SGD 0.2 million, a reduction of 107.6% compared to the previous year, primarily due to decreased revenue from online platform management services and creative and technical services[4]. - The gross margin decreased from approximately 28% to about 25%[4]. - Total comprehensive loss for the period was SGD 0.271 million, compared to a total comprehensive income of SGD 0.733 million in the previous year[6]. - For the six months ended December 31, 2023, the company reported a pre-tax profit of SGD 174,000, down from SGD 233,000 for the same period in 2022, representing a decrease of approximately 25.3%[12]. - The pre-tax profit for the six months ended December 31, 2023, was SGD 174,000, a decrease of 92.9% compared to SGD 2,452,000 in the same period of 2022[45]. - The company reported a net loss attributable to shareholders of SGD 399,000 for the six months ended December 31, 2023, compared to a profit of SGD 1,608,000 in the previous year[48]. - Basic and diluted loss per share for the period was SGD (0.05), compared to earnings of SGD 0.20 per share in the prior year[48]. Revenue Breakdown - Total revenue for the six months ended December 31, 2023, was SGD 15,128,000, a decrease of 36.4% compared to SGD 23,740,000 in the same period of 2022[22]. - Revenue from search engine marketing services increased to SGD 10,000,000 from SGD 9,219,000, reflecting a growth of approximately 8.5%[22]. - Revenue from online e-commerce platform operations decreased by 72.7%, from SGD 11.5 million to SGD 3.1 million, significantly impacting overall revenue[77]. - Revenue from creative and technical services decreased by approximately 49.3% to SGD 1.2 million for the reporting period, down from SGD 2.4 million for the six months ended December 31, 2022[78]. - Revenue from Singapore, the primary operating country, was SGD 11,182,000, a slight decrease of 2.9% from SGD 11,515,000 in the previous year[35]. Assets and Liabilities - Non-current assets as of December 31, 2023, totaled SGD 18.1 million, slightly up from SGD 17.9 million as of June 30, 2023[7]. - Current assets increased to SGD 45.4 million from SGD 44.4 million, driven by an increase in trade and other receivables[7]. - Total liabilities increased to SGD 23.6 million from SGD 22.1 million, with trade and other payables rising[8]. - The company's net assets as of December 31, 2023, were SGD 38.1 million, a slight decrease from SGD 38.4 million as of June 30, 2023[8]. - Trade receivables as of December 31, 2023, were SGD 19,635,000, slightly down from SGD 20,131,000 as of June 30, 2023[51]. - Contract liabilities increased to SGD 4.2 million as of December 31, 2023, from SGD 3.9 million at the end of June 2023[62]. - Trade payables rose to SGD 13.1 million as of December 31, 2023, compared to SGD 12.1 million at the end of June 2023[60]. Cash Flow and Financing - The company's operating cash flow before changes in working capital was SGD 582,000, significantly lower than SGD 4,534,000 in the previous period, indicating a decline of about 87.2%[12]. - The company experienced a net cash outflow from operating activities of SGD 57,000, compared to a net cash outflow of SGD 3,993,000 in the previous period, showing an improvement[12]. - Cash and cash equivalents at the end of the period were SGD 13,883,000, a decrease from SGD 14,739,000 at the end of the previous period[14]. - The company incurred a net cash outflow from financing activities of SGD 520,000, compared to SGD 1,035,000 in the previous period, indicating a reduction in cash used for financing[14]. Corporate Governance and Compliance - The company has established an audit committee with a written terms of reference that complies with corporate governance codes[111]. - The company has implemented high standards of corporate governance to protect shareholder interests and enhance corporate value[105]. - The company is currently not in compliance with certain listing rules due to the resignation of an independent non-executive director and plans to appoint a new director within three months[108]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ended December 31, 2023, and found them to comply with applicable listing rules[112]. Employee and Compensation - As of December 31, 2023, the group had 86 employees, with total employee compensation amounting to approximately SGD 3.2 million for the reporting period[103]. - Total employee costs amounted to SGD 3,228,000, a decrease of 12.1% from SGD 3,674,000 in the previous year[46]. - The total employee compensation for the year ended June 30, 2023, was approximately SGD 8.4 million[103]. Future Outlook and Strategy - The company continues to focus on expanding its online marketing services and e-commerce platform operations, targeting both local and international brands[16]. - The company continues to invest in emerging advertising platforms and leading technologies to enhance performance and productivity[73]. - The remaining balance of approximately HKD 58.20 million from the net proceeds of the IPO is expected to be utilized by the fourth quarter of 2024, primarily for enhancing technical infrastructure[101].