智通财经APP讯，鹏高控股集团(01865)公布，董事会建议透过增设额外40亿股未发行股份，将公司的法 定股本由1亿港元(分为10亿股股份)增加至5亿港元(分为50亿股股份)。增加法定股本须待股东于股东特 别大会上通过普通决议案获得股东批准后方告作实，并将于股东特别大会日期通过相关普通决议案后生 效。 于2025年8月1日(交易时段后)，该公司与配售代理订立配售协议，拟透过配售代理向不少于6名承配人 配售本金总额最多为1.2亿港元的可换股债券。可换股债券附带权利按初步换股价每股股份0.218港元(可 予调整)获转换为换股股份。转换价较2025年8月1日收市价每股0.255港元折让约14.5%。 假设配售代理悉数配售可换股债券，配售净筹约1.184亿港元，84.5%用作抽水储能电站项目第一阶段的 项目发展成本;约15.5%用作集团营运资金，以支付日常经营开支(包括员工成本及租赁开支)及结清应付 供应商及分包商的款项。 ...

于2025年8月1日(交易时段后)，该公司与配售代理订立配售协议，拟透过配售代理向不少于6名承配人 配售本金总额最多为1.2亿港元的可换股债券。可换股债券附带权利按初步换股价每股股份0.218港元(可 予调整)获转换为换股股份。转换价较2025年8月1日收市价每股0.255港元折让约14.5%。 鹏高控股集团(01865)公布，董事会建议透过增设额外40亿股未发行股份，将公司的法定股本由1亿港元 (分为10亿股股份)增加至5亿港元(分为50亿股股份)。增加法定股本须待股东于股东特别大会上通过普通 决议案获得股东批准后方告作实，并将于股东特别大会日期通过相关普通决议案后生效。 假设配售代理悉数配售可换股债券，配售净筹约1.184亿港元，84.5%用作抽水储能电站项目第一阶段的 项目发展成本;约15.5%用作集团营运资金，以支付日常经营开支(包括员工成本及租赁开支)及结清应付 供应商及分包商的款项。 ...

于2025年8月1日，公司与配售代理订立配售协议，据此，公司建议提呈发售以供认购，而配售代理同意 根据配售协议所载条款并在其所载条件规限下，按竭尽所能基准共同促使认购可换股债券。配售代理须 促使合共不少于六(6)名承配人认购本金总额最多为1.2亿港元可换股债券。 格隆汇8月1日丨鹏高控股集团(01865.HK)公告，董事会建议透过增设额外4,000,000,000股未发行股份， 将本公司法定股本由100,000,000港元增加至500,000,000港元。增加法定股本须待股东于股东特别大会上 通过普通决议案获得股东批准后方告作实，并将于股东特别大会日期通过相关普通决议案后生效。 ...

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，並明確表示概不就因本公告 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。 本公告僅供參考，並不構成收購、購買或認購本公司任何證券的邀請或要約， 本公告或其所載任何內容均不構成任何合約或承諾的基礎。 （前稱「Trendzon Holdings Group Limited卓航控股集團有限公司」） （於開曼群島註冊成立的有限公司） （股 份 代 號：1865） Pengo Holdings Group Limited 鵬高控股集團有限公司 鹏高控股集團 Pengo Holdings Group Limited (1)建議增加法定股本； 及 (2)根據特別授權配售可換股債券 本公司財務顧問 聯席配售代理 建議增加法定股本 董事會建議透過增設額外4,000,000,000股未發行股份，將本公司之法定股本 由100,000,000港元（分為1,000,000,000股股份）增加至500,000,000港元（分為 5,000,000,000股股份）。增加法定股本須待股東於股東特別大會上通過 ...

| 公司資料 ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• 2 | | --- | | 五年財務摘要 ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• 4 | | 主席報告 ••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••••• ...

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。 鹏高控股集團 Pengo Holdings Group Limited Pengo Holdings Group Limited 鵬高控股集團有限公司 鵬高控股集團有限公司（前稱卓航控股集團有限公司）（「本公司」，連同其附屬 公司統稱「本集團」）董事（「董事」）會（「董事會」）欣然宣佈截至二零二五年三月 三十一日止年度（「二零二五財年」）本集團的綜合經審核業績，連同截至二零 二四年三月三十一日止年度（「二零二四財年」）的比較數字，由本公司審核委 員會（「審核委員會」）審閱，並已於二零二五年六月二十七日獲董事會批准。 財務摘要 1 （前稱「Trendzon Holdings Group Limited卓航控股集團有限公司」） （於開曼群島註冊成立的有限公司） （股 份 代 號：1865） 綜合損益及其他全面收益表 截至二零二五年三月三十一日止年度 | | | 二零二五年 | 二零二四年 | | --- ...

卓航控股(01865)发布公告，于2025年5月15日，投资者(公司间接全资附属公司鹏高绿能新能源(广州)有 限公司)与目标股东(中亚股权投资基金管理(深圳)有限公司)及目标公司(协鑫产业园管理(广东)有限公司) 订立注资协议，据此，投资者已有条件同意认购目标公司的注册资本，认购价为人民币4000万元。 于完成后，投资者将持有目标公司经扩大注册资本之约51%。因此，完成注资将令集团对目标公司及项 目公司拥有控制权，因此将作为本公司之间接非全资附属公司与本公司财务报表综合入账。 此次注资将使集团在策略上占优势，充分利用中国再生能源转型机遇，透过永续成长为股东创造长期价 值。透过收购目标公司51%的股份，集团将获得其先进抽水蓄能项目(100MW/600MWh)和逆变器生产 (15GW/20GW)的控制权，为未来每年198,000MWh的发电收入奠定基础，同时实现向高成长清洁能源领 域的多元化发展。这种垂直整合透过三大关键驱动力为股东价值奠定了坚实的基础：(1)公用事业规模 储能投入营运后带来的经常性收入;(2)透过将集团的建设专业知识与目标公司的技术相结合来提高利润 率;以及(3)优先享受广东省的可再生能源政策和 ...

Revenue Performance - For the six months ended September 30, 2024, the total revenue was approximately SGD 24.1 million, a decrease of SGD 5.0 million compared to SGD 29.1 million for the same period in 2023[13]. - The decrease in revenue was primarily due to a reduction of approximately SGD 4.1 million in gas pipeline project revenue and SGD 0.7 million in water pipeline project revenue[13]. - The company's revenue for the first half of 2025 decreased by approximately 5.0 million SGD or 17.2% to about 24.1 million SGD, down from approximately 29.1 million SGD in the first half of 2024[22]. - Revenue from gas pipeline projects decreased by approximately 4.1 million SGD, while revenue from water pipeline projects decreased by approximately 0.7 million SGD, primarily due to the completion of related projects from previous years[22]. - Revenue for the six months ended September 30, 2024, was 24,056 thousand SGD, a decrease of 17.3% compared to 29,064 thousand SGD for the same period in 2023[144]. - The revenue from gas-related construction contracts was SGD 7,874,000, down 34.5% from SGD 11,930,000 in the previous year[182]. - The revenue from water-related construction contracts was SGD 15,964,000, a slight decrease of 4.3% compared to SGD 16,679,000 in the same period of 2023[182]. Financial Performance - Gross profit for the first half of 2025 was approximately 2.7 million SGD, a decrease of about 0.3 million SGD from 3.0 million SGD in the first half of 2024, with a gross margin of 11.2% compared to 10.2% in the previous year[24]. - The company recorded a loss of approximately 9.6 million SGD in the first half of 2025, an increase of about 1.1 million SGD from a loss of approximately 8.5 million SGD in the first half of 2024[32]. - The company reported a loss per share from continuing operations of (6.80) Singapore cents, compared to (6.43) Singapore cents in the previous year, reflecting a decline of 5.8%[148]. - The group reported a loss before tax of SGD 9,676,000 for the six months ended September 30, 2024, compared to a loss of SGD 8,193,000 in the same period of 2023[178]. - Operating loss before tax for the six months was (9,676) thousand SGD, compared to (8,193) thousand SGD in the previous year, indicating an increase in loss of 18.1%[144]. Expenses and Costs - The cost of sales decreased by approximately 4.7 million SGD or 18.1% to about 21.4 million SGD in the first half of 2025, aligning with the revenue decrease[23]. - Administrative expenses rose to approximately 14.3 million SGD in the first half of 2025 from about 11.4 million SGD in the same period of 2024, driven by increased rent and professional fees[28]. - The administrative expenses and financial costs for the six months ended September 30, 2024, were SGD 14,349,000 and SGD 587,000 respectively, compared to SGD 11,379,000 and SGD 861,000 in the previous year[178]. Assets and Liabilities - Total assets as of September 30, 2024, were 104,648 thousand SGD, down from 112,131 thousand SGD, a decrease of 6.7%[151]. - The company's equity attributable to owners decreased to 60,608 thousand SGD from 69,686 thousand SGD, a decline of 13.1%[151]. - Total liabilities decreased from 42,272 thousand to 37,240 thousand, a reduction of approximately 12.0%[153]. - Current liabilities increased from 24,729 thousand to 26,601 thousand, an increase of about 7.5%[153]. - Non-current liabilities decreased significantly from 17,543 thousand to 10,639 thousand, a decrease of approximately 39.5%[153]. Cash Flow and Financing - Cash flow from operating activities generated a net cash of 7,045 thousand, compared to a cash outflow of 17,943 thousand in the previous year[161]. - The company incurred a net cash outflow of (351) thousand from investing activities, compared to (5,675) thousand in the previous year[164]. - The company's total borrowings decreased by approximately 5.5 million SGD to about 17.7 million SGD as of September 30, 2024, primarily due to repayments of bank and other loans[40]. - The net asset value as of September 30, 2024, was approximately 67.4 million SGD, down from about 69.9 million SGD as of March 31, 2024[42]. Corporate Governance and Compliance - The company has adopted corporate governance codes to enhance accountability and shareholder value, ensuring compliance as of September 30, 2024[141]. - The audit committee reviewed the unaudited interim results and confirmed compliance with applicable accounting standards and regulations[142]. - The company continues to evaluate and enhance its corporate governance practices to align with best practices[141]. Strategic Initiatives - The board is actively exploring new business opportunities globally to identify markets with growth potential for diversification[14]. - The management believes that all ongoing projects are progressing according to schedule and are not expected to incur any liabilities[17]. - The group aims to strengthen its market position in the construction industry and develop the Trendzon Innovation City industrial park in China[14]. - The company is committed to enhancing its core competitiveness and stabilizing operations in a challenging business environment[13]. - The company is exploring market expansion opportunities and new strategies to enhance its service offerings in the construction and engineering sectors[168]. Shareholder Actions - The company announced a share consolidation on July 19, 2024, merging every 10 shares into 1 share, increasing the par value from HKD 0.01 to HKD 0.1[68]. - A rights issue was proposed at a subscription price of HKD 0.18 per share, with a total of 566,720,000 shares available for subscription[71]. - The total proceeds from the rights issue were approximately HKD 102.0 million, with a net amount of about HKD 100.2 million after expenses[71]. - The board proposed a share consolidation and rights issue to enhance capital structure and shareholder value[86].

Revenue Performance - For the six months ended September 30, 2024, the total revenue was approximately SGD 24.1 million, a decrease of SGD 5.0 million compared to SGD 29.1 million for the same period in 2023[16]. - The revenue decline was primarily due to a reduction of approximately SGD 4.1 million in gas pipeline project revenue and SGD 0.7 million in water pipeline project revenue[16]. - Revenue for the six months ended September 30, 2024, was 24,056 thousand SGD, a decrease of 17.3% compared to 29,064 thousand SGD for the same period in 2023[147]. - The revenue from gas-related construction contracts was SGD 7,874,000, down 34.5% from SGD 11,930,000 in the previous year[185]. - The revenue from water-related construction contracts was SGD 15,964,000, a slight decrease of 4.3% compared to SGD 16,679,000 in the same period of 2023[185]. Financial Performance - The group's gross profit for the first half of 2025 was approximately SGD 2.7 million, down from SGD 3.0 million in the first half of 2024, with a gross profit margin of 11.2% compared to 10.2% in the previous period[27]. - The group recorded a loss of approximately SGD 9.6 million in the first half of 2025, an increase of about SGD 1.1 million compared to a loss of approximately SGD 8.5 million in the first half of 2024[35]. - The company reported a net loss of (9,593) thousand SGD for the period, compared to (8,466) thousand SGD in the previous year, an increase in loss of 13.3%[151]. - The group reported a loss before tax of SGD 9,676,000 for the six months ended September 30, 2024, compared to a loss of SGD 8,193,000 in the same period of 2023[181]. - The basic and diluted loss per share from continuing operations was (6.80) Singapore cents, compared to (6.43) Singapore cents in the previous year, reflecting a deterioration in performance[151]. Operational Strategy - The management strategy remains focused on actively bidding to strengthen and enhance the company's reputation in the market[17]. - The company is exploring new business opportunities globally to identify markets with growth potential for diversification[17]. - The company aims to develop the Trendzon Innovation City industrial park in China to solidify its market position in the construction industry[17]. - The board believes that expanding into potential businesses presents a good opportunity to increase revenue sources[17]. - The company is prepared to face future challenges and competition by conducting research for developing different businesses and new opportunities[17]. Cost Management - Administrative expenses rose to approximately SGD 14.3 million in the first half of 2025 from SGD 11.4 million in the same period of 2024, driven by increased rental and professional fees[31]. - The group's financial costs decreased from approximately SGD 0.9 million in the first half of 2024 to approximately SGD 0.6 million in the first half of 2025 due to a reduction in average borrowings[33]. - The group’s administrative expenses and financial costs totaled SGD 14,349,000 and SGD 587,000 respectively for the six months ended September 30, 2024[181]. Assets and Liabilities - Total assets as of September 30, 2024, were 104,648 thousand SGD, a decrease of 6.5% from 112,131 thousand SGD as of March 31, 2024[154]. - Current assets decreased to 75,372 thousand SGD from 81,752 thousand SGD, a decline of 7.3%[154]. - Total liabilities decreased from 42,272 thousand to 37,240 thousand, a reduction of approximately 12.5%[156]. - Current liabilities increased from 24,729 thousand to 26,601 thousand, an increase of about 7.5%[156]. - Non-current liabilities decreased significantly from 17,543 thousand to 10,639 thousand, a decrease of approximately 39.5%[156]. Cash Flow and Financing - Cash generated from operating activities improved to 7,045 thousand compared to a cash outflow of 17,943 thousand in the previous year[164]. - Financing activities resulted in a net cash outflow of (6,422) thousand, contrasting with a cash inflow of 22,064 thousand in the previous year[167]. - The company’s cash and cash equivalents at the end of the period increased to 2,657 thousand from 2,621 thousand[167]. Employee and Shareholder Information - The group employed a total of 540 employees as of September 30, 2024, up from 481 employees as of March 31, 2024[47]. - Employee compensation for the first half of 2025 was approximately SGD 9.4 million, compared to SGD 12.3 million in the first half of 2024[47]. - Major shareholders include Zhongbei Capital Limited and Ms. Yao Jiajia, each holding 13,800,000 shares, representing 9.74% of the issued shares as of September 30, 2024[96][97]. Corporate Governance - The company has adopted corporate governance codes to enhance accountability and shareholder value, ensuring compliance as of the reporting date[144]. - The audit committee reviewed the unaudited interim results and confirmed compliance with applicable accounting standards and regulations[145]. Market and Investment Activities - The company is in the process of acquiring Zhongshan Jiantai Ying Electric Manufacturing Co., Ltd. for a maximum consideration of RMB 8 million, which will become a wholly-owned subsidiary upon completion[75]. - The company agreed to sell its entire stake in Jumbo Harvest Group Limited for HKD 9.25 million, which is involved in regulated activities under the Securities and Futures Ordinance in Hong Kong[78]. - The company has not disclosed any new strategies or acquisitions in the provided content[123].

Corporate Governance - The company has adopted and complied with all provisions of the corporate governance code as of March 31, 2024[3]. - The board consists of six executive directors and four independent non-executive directors, ensuring compliance with listing rules regarding board composition[13]. - The company is committed to enhancing corporate governance practices to ensure accountability and protect shareholder interests[2]. - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee to oversee specific aspects of governance[10]. - The company has implemented a diversity policy for the board, promoting a range of experiences and skills among directors[16]. - The company has engaged in continuous professional development for its directors to ensure they are well-informed about their responsibilities[19]. - The roles of the Chairman and CEO are separated, with distinct individuals holding these positions to comply with governance standards[20]. - The company has established appropriate liability insurance for directors to cover responsibilities arising from corporate activities[12]. - The company has adopted a policy to ensure the independence of the board, focusing on a balanced composition of executive and non-executive directors[41]. - The board's governance responsibilities include reviewing and monitoring compliance with legal and regulatory requirements[38]. - The company encourages directors to seek independent professional advice at the company's expense when fulfilling their duties[37]. - The board meets at least four times a year, with a minimum of 14 days' notice provided for regular meetings[32]. - The Nomination Committee held two meetings in fiscal year 2024, with all members attending both meetings[42]. - The Remuneration Committee held two meetings in fiscal year 2024, with all members attending both meetings[63]. - The audit committee held four meetings during the fiscal year 2024, with all members attending all sessions[67]. - The nomination committee consists of four members, including Mr. Hu Qi-teng as the chairman, and is responsible for reviewing the board's structure and recommending candidates for directorship[40]. - The board retains decision-making authority over all significant matters, including policies, strategies, budgets, and major transactions[37]. - The company aims to ensure that board members possess the skills, experience, and diverse perspectives necessary for its business needs[46]. - The board composition includes independent non-executive directors from diverse industries, accounting for over one-third of the board[61]. - The Nomination Committee will regularly review the nomination policy to ensure it meets the company's needs and reflects current regulatory requirements[57]. Financial Performance - Total revenue for the fiscal year 2024 was approximately 59.1 million SGD, a slight decrease of about 0.7 million SGD compared to 59.8 million SGD in fiscal year 2023[136]. - Gross profit increased to approximately 8.0 million SGD in fiscal year 2024 from 7.1 million SGD in fiscal year 2023, with a gross margin improvement from 11.8% to 13.5%[136]. - The decrease in revenue was primarily due to a reduction of approximately 21.4 million SGD in gas pipeline project revenue, offset by an increase of about 20.0 million SGD in water pipeline project revenue[147]. - Total assets decreased to 112.1 million SGD in fiscal year 2024 from 120.4 million SGD in fiscal year 2023[132]. - Total liabilities decreased significantly to 42.3 million SGD in fiscal year 2024 from 64.2 million SGD in fiscal year 2023[132]. - Total equity increased to 69.9 million SGD in fiscal year 2024 from 56.1 million SGD in fiscal year 2023[132]. - The group recorded a loss of approximately 12.3 million SGD in FY2024, compared to a loss of about 2.1 million SGD in FY2023[184]. - The cost of sales decreased by approximately 1.6 million SGD or 3.0% from approximately 52.7 million SGD in FY2023 to about 51.1 million SGD in FY2024, aligning with the revenue decline[173]. - Other income decreased from approximately 6.2 million SGD in FY2023 to about 2.6 million SGD in FY2024, mainly due to a reduction in agency income by approximately 3.0 million SGD[175]. - Administrative expenses increased to approximately 18.7 million SGD in FY2024 from about 12.2 million SGD in FY2023, primarily due to increased operational expenses related to new acquisitions[180]. - Trade receivables and other receivables decreased from approximately 29.6 million SGD as of March 31, 2023, to about 23.1 million SGD as of March 31, 2024, mainly due to a reduction in trade receivables by approximately 7.6 million SGD[186]. - The group's total borrowings decreased from approximately 28.2 million SGD as of March 31, 2023, to about 23.2 million SGD as of March 31, 2024, primarily due to repayments of bank and other borrowings[190]. - The group's asset-liability ratio decreased from approximately 58% as of March 31, 2023, to about 38% as of March 31, 2024, mainly due to reduced borrowings and completed equity financing activities[191]. Business Strategy and Operations - The company aims to drive transformation and prosperity through alliances with listed companies and the establishment of a multi-ecosystem platform[7]. - The company is focused on resource integration and achieving its vision through collaboration and strategic partnerships[6]. - The company aims to strengthen its market position in the construction and building industry in Singapore and expand into real estate, engineering infrastructure, and other sectors in China and Southeast Asia[103]. - The board is actively exploring new business opportunities in various geographical locations to diversify the company's operations and increase revenue sources[140]. - The group has two ongoing gas pipeline projects and nine water pipeline projects with a total contract value of approximately SGD 122.5 million, of which about SGD 69.1 million has been recognized as revenue as of March 31, 2024[152]. - The company secured a new gas project and a new water project in fiscal year 2024, with a total contract value of approximately 10.0 million SGD[147]. - The company plans to enhance its market position in the construction industry and develop the "Zhuohang • Diandian Science and Technology Innovation City" industrial park project in China[137]. - The group has ongoing projects that are progressing according to schedule, with no anticipated liabilities to third parties[152]. - The group plans to utilize net proceeds from fundraising for various purposes, including operational funding and the acquisition of new machinery[157]. - The group aims to enrich its business portfolio and create a sustainable business development model to deliver satisfactory returns to shareholders[148]. - The company remains confident in its sustainable development trajectory despite the challenging operating environment anticipated in the coming year[147]. Environmental, Social, and Governance (ESG) - The board of directors plays a key role in overseeing environmental, social, and governance (ESG) issues, dedicating significant time to assess related risks and develop corresponding policies[113]. - The company conducts at least one corporate risk assessment annually, covering current and potential risks, including those related to ESG[116]. - Stakeholders, including shareholders and management, have been invited to assess the relevance and importance of 19 ESG issues to the company's sustainability performance[117]. - The company has established a governance framework to ensure that management has the necessary tools and resources to monitor ESG issues effectively[114]. - Regular meetings are held to review the progress and risk management related to ESG governance matters[114]. - The company emphasizes communication and feedback mechanisms with stakeholders, including annual general meetings and performance evaluations[115]. - The board evaluates identified risks and reviews the company's existing strategies and internal controls to implement necessary improvements[116]. - The company is committed to enhancing stakeholder resilience against potential risks inherent in its business operations[116]. - The company maintains transparency and reputation through various communication channels, including annual reports and corporate announcements[115]. Employee and Compensation Policies - As of March 31, 2024, the group employed a total of 481 employees, an increase from 476 employees as of March 31, 2023[200]. - The company's compensation policy is aligned with current market practices and is based on individual employee performance, qualifications, and experience[200]. - The board believes that the number of foreign workers employed may fluctuate or decrease, making current expansion plans not cost-effective[196]. - The company may incur additional costs related to maintaining dormitories and complying with potential new regulations from the Singapore government[196]. - The management regularly reviews the capital structure, considering capital costs and associated risks[199]. - The company plans to balance its overall capital structure through dividend payments, issuing new shares, share buybacks, and issuing new debt or redeeming existing debt[199].