Financial Performance - Total revenue for the year ended December 31, 2025, was SGD 327,924,000, representing an increase of 71.8% compared to SGD 190,894,000 in 2024[4] - Gross profit for the same period was SGD 29,557,000, up from SGD 21,300,000, indicating a growth of 38.7%[4] - The company reported a net loss of SGD 5,996,000 for 2025, compared to a net loss of SGD 3,068,000 in 2024, reflecting an increase in losses of 95.3%[5] - The company reported a total loss of 5,996 thousand New Taiwan dollars for the year ended December 31, 2025, compared to a loss of 3,068 thousand New Taiwan dollars in 2024, indicating a worsening of financial performance[17] - The group recorded a loss of approximately SGD 6.0 million in FY2025, compared to a loss of approximately SGD 3.1 million in FY2024, with a net loss margin of approximately 1.9% in FY2025[66] Assets and Liabilities - Total assets as of December 31, 2025, amounted to SGD 283,790,000, a significant increase from SGD 137,753,000 in 2024, marking a growth of 105.5%[6] - The company's equity attributable to owners increased to SGD 158,010,000 in 2025 from SGD 70,860,000 in 2024, representing a growth of 123.5%[6] - Non-current assets rose to SGD 92,125,000 in 2025, compared to SGD 59,913,000 in 2024, an increase of 53.5%[6] - The total liabilities for the automotive sales segment increased to 59,811 thousand New Taiwan dollars in 2025 from 45,917 thousand New Taiwan dollars in 2024, reflecting a growth of 30%[18] - Total borrowings increased to 71,833 thousand SGD in 2025 from 55,251 thousand SGD in 2024, indicating a rise in financial leverage[36] Cash and Financing - The company’s cash and bank balances increased to SGD 23,735,000 in 2025 from SGD 11,200,000 in 2024, reflecting a growth of 112.5%[6] - The company’s financing costs decreased to SGD 1,612,000 in 2025 from SGD 2,784,000 in 2024, a reduction of 42.1%[4] - The net financing cost decreased to 1,612 thousand New Taiwan dollars in 2025 from 2,784 thousand New Taiwan dollars in 2024, showing an improvement of 42%[19] - The company reported a significant increase in short-term loans to 16,833 thousand SGD in 2025 from 2,159 thousand SGD in 2024, reflecting a shift in financing strategy[36] Revenue Streams - The company's automotive sales revenue for the year ended December 31, 2025, reached 311,248 thousand New Taiwan dollars, a significant increase from 177,003 thousand New Taiwan dollars in 2024, representing a growth of 76%[13] - Total sales and rental income for the automotive segment amounted to 321,018 thousand New Taiwan dollars in 2025, compared to 180,099 thousand New Taiwan dollars in 2024, indicating a year-over-year increase of 78%[16] - The financing commission income rose to 7,211 thousand New Taiwan dollars in 2025, up from 3,321 thousand New Taiwan dollars in 2024, reflecting a growth of 117%[13] - New car sales revenue rose by approximately 125.9 million SGD or 94.9%, with the number of new cars sold increasing from 905 in FY2024 to 1,473 in FY2025[46] - Used car sales revenue increased by approximately 8.3 million SGD or 18.8%, with the number of used cars sold rising from 565 in FY2024 to 1,147 in FY2025[47] Expenses - Employee benefits expenses increased to 16,557,000 SGD in 2025 from 11,468,000 SGD in 2024, marking a rise of approximately 44.5%[20] - The cost of goods sold rose sharply to 293,778,000 SGD in 2025, up from 164,708,000 SGD in 2024, indicating an increase of about 78.3%[20] - Sales and distribution expenses rose from approximately SGD 4.0 million in FY2024 to approximately SGD 8.5 million in FY2025, an increase of 112.5% attributed to higher sales commissions and increased advertising and marketing expenses[62] - General and administrative expenses increased from approximately SGD 18.2 million in FY2024 to approximately SGD 27.6 million in FY2025, a rise of 51.6% due to higher employee benefits, legal and professional fees, and short-term lease-related rental expenses[63] Corporate Governance and Compliance - The company has not adopted new or revised international financial reporting standards that have been issued but are not yet effective, indicating a cautious approach to regulatory changes[12] - The company has complied with all applicable corporate governance codes, except for certain deviations regarding the separation of the roles of chairman and CEO[92] - The independent auditor's report indicated that the financial statements fairly reflect the group's financial position as of December 31, 2025, in accordance with international financial reporting standards[100] Future Plans and Strategies - The company plans to continue expanding its automotive financing and insurance services, as well as its sales of automotive parts and accessories[8] - The company anticipates recognizing revenue of 17,084 thousand SGD within one year from unfulfilled performance obligations in 2025[35] - The company has initiated new business lines, including the development and distribution of hair growth products and the production of lithium niobate crystals and films, although these contributed minimal revenue in FY2025[42] - The company anticipates a challenging operating environment due to slow economic recovery and global uncertainties, but will focus on prudent business strategies[43]

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佈之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容而產生或 因倚賴該等內容而引致之任何損失承擔任何責任。 Guan Chao Holdings Limited 冠轈控股有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於2026年3月31日（星期二）舉 行董事會會議，藉以（其中包括）批准本公司及其附屬公司截至2025年12月31日止年度之全年 經審核業績及其刊發，以及考慮派付末期股息（如有）。 承董事會命 冠轈控股有限公司 聯席主席兼執行董事 陳率堂先生 香港，2026年3月18日 於本公告日期，董事會包括執行董事陳率堂先生、Zhang Xiaoyang先生、孟禧臻女士及金哲輝 先生；非執行董事董文鶯女士；及獨立非執行董事周永東先生、譚日健先生及吳慶先生。 冠 轈 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：1872） 董事局會議召開日期 ...

Guan Chao Holdings Limited 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之任何損失承擔任何責任。 冠 轈 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：1872） (I)有關認購目標公司新股份之 須予披露交易 及 (II)更改配售事項所得款項用途 認購事項 董事會欣然宣佈，於2026年3月10日，本公司全資附屬公司深圳天啟明與目標公司及陳振 明先生訂立認購協議（經補充協議補充），據此，深圳天啟明已同意認購目標公司人民幣 5,413,652.00元的新增註冊資本（相當於5,413,652股目標公司的新普通股），認購價為人民幣 139,997,040.70元。 截至本公告日期，目標公司的註冊股本為人民幣96,672,388元，由目標公司的96,672,388 股普通股組成。假設自本公告日期至完成日期期間，目標公司的總註冊股本並無變動，則 5,413,652股認購股份將佔緊隨完成後經配發及發行認購股 ...

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 | | | 致：香港交易及結算所有限公司 公司名稱: 冠轈控股有限公司 呈交日期: 2026年2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) | 01872 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000,000 FF301 第 1 頁 共 10 ...

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: 冠轈控股有限公司 | 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) | 01872 | 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 | | | 651,701,081 | | 0 | | 651,701,081 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 651,701,081 | | 0 | | 651,701,081 | | 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 | | | --- | --- | --- | --- | --- | ...

Group 1 - The shipping sector experienced a strong rally on December 1, with the oil transportation segment leading the gains, particularly with China Merchants Energy Shipping reaching a limit-up and hitting a new high since October 2007 [1] - Cosco Shipping Energy Transportation rose over 7%, while Cosco Shipping Specialized Carriers, China Merchants South China Oil, and HNA Technology also saw significant increases [2] Group 2 - The following companies showed notable price increases: - China Merchants Energy Shipping: +9.99%, current price 9.69 - Cosco Shipping Energy Transportation: +7.12%, current price 12.94 - Cosco Shipping Specialized Carriers: +3.89%, current price 7.21 - China Merchants South China Oil: +3.53%, current price 3.23 - HNA Technology: +2.54%, current price 4.03 - Cosco Shipping Holdings: +2.33%, current price 14.95 - Beibu Gulf Port: +2.06%, current price 8.93 - Phoenix Shipping: +2.02%, current price 5.04 [3]

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 | FF301 II. 已發行股份及/或庫存股份變動 公司名稱: 冠轈控股有限公司 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) | 01872 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 | HKD | ...

Shipping Sector - The shipping sector experienced a strong rebound in the afternoon, with the oil transportation segment leading the gains. China Merchants Energy Shipping (招商轮船, 601872) hit the daily limit up, while other companies like COSCO Shipping Energy Transportation (中远海能), COSCO Shipping Specialized Carriers (中远海特), and China Merchants Jinling Shipping (招商南油) also saw significant increases [2]. Storage Chip Sector - The storage chip concept stocks surged, with Kexiang Co., Ltd. (科翔股份) reaching the daily limit up of 20%, while other companies such as Leike Defense (雷科防务) also hit the limit up. Hangyu Microelectronics (航宇微) and Beijing Junzheng (北京君正) rose over 10% [5][8].

Core Points - Tycoon Group Holdings Limited announced the resignation of its auditor, PwC, due to a failure to agree on audit fees for the fiscal year ending December 31, 2025, effective November 21, 2025 [3][7][10] - The company appointed Crowe Horwath (Hong Kong) CPA Limited as the new auditor, effective from the same date, to fill the vacancy left by PwC, with the term lasting until the conclusion of the next annual general meeting [3][10] - The board confirmed that PwC had not commenced any audit work for the fiscal year ending December 31, 2025, and thus the change in auditors would not significantly impact the annual audit and financial results [8][10] Group 1 - The board expressed gratitude to PwC for their professional services and support over the years [9] - The decision to appoint Crowe Horwath was based on several factors, including their audit proposal, experience with listed companies, independence, reputation, and resources [10] - The board believes that the change in auditors will maintain audit quality while enhancing cost-effectiveness for the company and its shareholders [10] Group 2 - Guan Chao Holdings Limited also announced a similar change in auditors, with PwC resigning due to a failure to agree on audit fees for the fiscal year ending December 31, 2025, effective November 21, 2025 [14][19] - The company appointed BDO Limited as the new auditor, effective from the same date, with the term lasting until the next annual general meeting [14][19] - The board confirmed that PwC had not initiated any audit procedures for the fiscal year ending December 31, 2025, and thus the change would not have a significant impact on the preparation of the financial statements [19]

Core Viewpoint - The company has requested the resignation of its auditor, PricewaterhouseCoopers, due to a failure to reach an agreement on audit fees for the fiscal year ending December 31, 2025, and has appointed Zhonghui Anda CPA Limited as the new auditor effective November 21, 2025 [1] Group 1 - The company has announced the resignation of PricewaterhouseCoopers as its auditor, effective November 21, 2025 [1] - The resignation was due to a disagreement over audit fees for the fiscal year ending December 31, 2025 [1] - The board has decided to appoint Zhonghui Anda CPA Limited as the new auditor, effective November 21, 2025, to fill the temporary vacancy [1]