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: 2026年3月31日 | 致：香港交易及結算所有限公司 公司名稱: 依波路控股有限公司 呈交日期: 2026年4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) | 01856 | 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 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,0 ...

Financial Performance - Revenue for the fiscal year ending December 31, 2025, decreased to approximately HKD 79.3 million from about HKD 99.3 million for the fiscal year ending December 31, 2024, representing a decline of approximately 20.2%[4] - Gross profit margin fell from approximately 8.7% in the fiscal year 2024 to about 4.1% in the fiscal year 2025, with gross profit decreasing from approximately HKD 8.6 million to about HKD 3.3 million[4] - Loss attributable to owners of the company for the fiscal year 2025 was approximately HKD 52.5 million, compared to approximately HKD 47.9 million in the fiscal year 2024, indicating an increase in losses of about 13.5%[4] - Basic and diluted loss per share for the fiscal year 2025 was approximately HKD 0.1457, compared to approximately HKD 0.1331 for the fiscal year 2024[5] - The company reported a loss before tax of HKD 58,456,000 for the year ended December 31, 2025, compared to a loss of HKD 48,289,000 in 2024, indicating a worsening financial performance[18] - The net loss attributable to the company's owners for the year ended December 31, 2025, was HKD 52,485,000, compared to a loss of HKD 47,938,000 in 2024, indicating an increase in losses of approximately 11.4%[26] - The company recorded a loss of approximately HKD 52.5 million for the fiscal year 2025, compared to a loss of approximately HKD 47.9 million in fiscal year 2024[54] Assets and Liabilities - Total assets decreased from approximately HKD 465.6 million in 2024 to about HKD 443.9 million in 2025, a reduction of approximately 4.7%[6] - Current liabilities increased from approximately HKD 409.9 million in 2024 to about HKD 432.6 million in 2025, reflecting an increase of approximately 5.5%[6] - Non-current assets decreased from approximately HKD 87.4 million in 2024 to about HKD 74.9 million in 2025, a decline of approximately 14.3%[6] - The company’s equity attributable to owners decreased from approximately HKD 101.9 million in 2024 to about HKD 58.7 million in 2025, a decline of approximately 42.4%[7] - The total assets of the company as of December 31, 2025, amounted to HKD 518,784,000, a decrease from HKD 553,001,000 in 2024[18] - The company’s total liabilities as of December 31, 2025, were HKD 460,075,000, a decrease from HKD 451,096,000 in 2024[18] Revenue Breakdown - The smartwatch segment generated revenue of HKD 31,443,000, while the traditional watch manufacturing segment contributed HKD 47,902,000 for the year ended December 31, 2025[16] - The company’s revenue from external customers in China was HKD 59,089,000 in 2025, down from HKD 81,884,000 in 2024, reflecting a decline of approximately 27.8%[20] - Revenue from the Chinese market decreased by approximately 27.8% to about HKD 59.1 million in 2025, accounting for approximately 74.5% of total revenue[40] - Revenue from the Hong Kong and Macau markets decreased by approximately 8.8% to about HKD 10.2 million in 2025, representing approximately 12.9% of total revenue[41] - Revenue from other markets, primarily in Europe, fell by approximately 66.1% to about HKD 1.2 million in 2025, accounting for approximately 1.4% of total revenue[42] Expenses and Costs - The company’s total cost of goods sold, including inventory costs, was HKD 76,080,000 in 2025, down from HKD 90,656,000 in 2024, a decrease of approximately 16.0%[22] - Total employee costs, including directors' remuneration, decreased to HKD 50,761,000 in 2025 from HKD 60,441,000 in 2024, a reduction of about 16.0%[22] - Distribution expenses decreased by approximately 10.0% to about HKD 23.9 million in 2025 from approximately HKD 26.5 million in 2024[51] - Administrative expenses decreased by approximately 7.7% to about HKD 55.4 million in 2025 from approximately HKD 60.0 million in 2024[52] - Other income decreased by approximately 31.9% to about HKD 26.5 million in 2025 from approximately HKD 38.9 million in 2024[50] Inventory and Receivables - Trade receivables decreased to HKD 117,613,000 in 2025 from HKD 152,023,000 in 2024, representing a decline of about 22.8%[27] - The total amount of trade and other receivables decreased to HKD 135,387,000 in 2025 from HKD 143,524,000 in 2024, a decrease of about 5.7%[27] - The impairment loss provision for trade receivables at year-end 2025 was HKD 15,153,000, down from HKD 17,058,000 in 2024, reflecting a reduction of approximately 11.1%[29] - Inventory decreased from approximately HKD 288.1 million as of December 31, 2024, to approximately HKD 285.6 million as of December 31, 2025, a reduction of about HKD 2.5 million[55] Financing and Debt - The company incurred a financing cost of HKD 10,095,000 for the year ended December 31, 2025, compared to HKD 9,974,000 in 2024, showing a slight increase[18] - The company's bank and other borrowings increased from approximately HKD 338.1 million in 2024 to approximately HKD 388.9 million in 2025[57] - The company's debt-to-equity ratio rose significantly to approximately 662.6% as of December 31, 2025, compared to approximately 331.5% in 2024[57] Strategic Initiatives - The company plans to continue focusing on the development of smartwatch technology and expanding its market presence in Asia[17] - The company aims to innovate traditional watch designs to attract new consumers and maintain competitiveness against smartwatches[74] - The company plans to enhance brand promotion through online platforms and KOLs to stimulate end-consumer sales[75] - The company plans to develop the Southeast Asian market, focusing on sales in overseas duty-free shops and expanding customized styles and group purchase channels in the Hong Kong and Macau markets[81] - The company will enhance its online sales operations by optimizing product details and improving customer experience, aiming to reduce return rates and increase conversion rates across major e-commerce platforms[80] Corporate Governance - The company has complied with all corporate governance codes throughout the year, ensuring high standards of governance practices[92] - The board of directors confirmed full compliance with the standards set out in the Securities Trading Code for the fiscal year 2025[93] - The audit committee reviewed the accounting principles and practices adopted by the group in conjunction with the audited performance for the fiscal year 2025[91] - The independent auditor, Hong Kong Lixin Dehao CPA Limited, has reviewed the financial statements for the fiscal year ending December 31, 2025, but did not issue a verification opinion on the preliminary announcement[97] Dividends and Shareholder Information - The company did not recommend the declaration of a final dividend for the fiscal year 2025, consistent with the previous fiscal year[4] - The company did not declare any dividends for the years ended December 31, 2025, and 2024[25] - The company will hold its annual general meeting in Hong Kong in 2026, with notifications to be sent to shareholders at the appropriate time[96] - The company's financial results announcement and annual report for fiscal year 2025 will be made available on the Hong Kong Stock Exchange and the company's website[98]

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，概不就因本公告全部或任 何部分內容所產生或因依賴該等內容而引致之任何損失承擔任何責任。 承董事會命 ERNEST BOREL HOLDINGS LIMITED 依 波 路 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：1856） 董事會會議召開日期 依波路控股有限公司（「本公司」）董事會（「董事會」）宣佈，本公司謹訂於二零 二六年三月三十日（星期一）舉行董事會會議，藉以（其中包括）考慮及批准本公 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業績，以供 發佈及考慮建議向本公司股東派付末期股息（如有）。 Teguh Halim先生及孔樂先生 依波路控股有限公司 主席 Teguh Halim 香港，二零二六年三月十三日 於本公告日期，董事會包括下列成員： 執行董事： 非執行董事： 熊鷹先生 獨立非執行董事： 余志傑先生、吳梓爗先生及項婷女士 ...

FF301 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: 依波路控股有限公司 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) | 01856 | 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 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本 ...

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: 依波路控股有限公司 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) | 01856 | 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 | HKD | | 0.01 HKD | | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | 本月底法定/註 ...

香港联交所最新资料显示，1月28日，依波路(01856)股东将股票由六福证券(香港)转入贝德斯证券，转 仓市值3977.5万港元，占比5.97%。 依波路发布截至2025年6月30日止6个月中期业绩显示，集团收益3800.6万港元，同比减少5.15%;股东应 占亏损2175万港元，同比扩大307.53%;每股亏损6.04港仙。 ...

智通财经APP获悉，香港联交所最新资料显示，1月28日，依波路(01856)股东将股票由六福证券(香港) 转入贝德斯证券，转仓市值3977.5万港元，占比5.97%。 依波路发布截至2025年6月30日止6个月中期业绩显示，集团收益3800.6万港元，同比减少5.15%;股东应 占亏损2175万港元，同比扩大307.53%;每股亏损6.04港仙。 ...

Core Viewpoint - The company Eboluo (01856.HK) has announced the renewal of its total product and service framework agreement with its controlling shareholder, Guancheng, which is set to expire on December 31, 2025, allowing for continued transactions post-renewal [1] Group 1 - The renewed framework agreement will allow Guancheng to provide products and services to the company, including watches and accessories, as well as watch maintenance services [1] - The company will also be able to provide products and services to Guancheng, including watches and accessories, and watch maintenance services [1] - As of the announcement date, Guancheng holds approximately 52.97% of the company's issued share capital, classifying it as a connected person under the listing rules [1] Group 2 - The renewal of the total product and service framework agreement constitutes a continuing connected transaction under Chapter 14A of the listing rules [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。 ERNEST BOREL HOLDINGS LIMITED 依 波 路 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：1856） 持續關連交易 重續現有總產品及服務框架協議 茲提述本公司日期為2022年12月9日的公告，內容有關本公司與本公司控股股東 冠城就（其中包括）現有總產品及服務框架協議進行若干持續關連交易。 由於現有總產品及服務框架協議於2025年12月31日到期，而本公司有意於現有總 產品及服務框架協議到期後在一般日常業務過程中繼續與冠城進行其項下的交易， 於2026年1月13日，本公司與本公司的控股股東冠城訂立重續總產品及服務框架 協議，據此，於重續總產品及服務框架協議期限內，(1)冠城集團可不時提供產品 及服務予本集團，包括(a) 手錶及配件；及(b) 手錶勞務服務；及(2) 本集團可不時 提供產品及服務予冠城集團，包括(a)手錶及配件 ...

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: 依波路控股有限公司 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) | 01856 | 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 | HKD | | 0.01 HKD | | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | 本月底法定/ ...