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3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: | 火岩控股有限公司 | | | | | | 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) | 01909 | 說明 | 普通股 | | | | 證券代號 (如上市) | 01909 | 說明 | 普通股 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | 上月底結存 | | | 1,200,000,000 | HKD | 0.016666666667 | HKD | 2 ...

Financial Performance - For the year ending December 31, 2025, the group's revenue was approximately HKD 146.2 million, representing an increase of about 4.0% compared to HKD 140.6 million in 2024[4] - The group's gross profit for the year was approximately HKD 95.5 million, a decrease of about 15.3% from HKD 112.8 million in 2024[4] - The group reported a net loss of approximately HKD 43.5 million for the year, compared to a profit of approximately HKD 1.9 million in 2024[4] - The basic and diluted loss per share for the year was HKD 32.73, compared to HKD 8.73 in 2024[6] - The company’s total comprehensive loss before tax for 2025 was HKD 21,087,000, compared to a profit of HKD 19,026,000 in 2024, indicating a significant downturn in financial performance[24] - The company reported a loss attributable to equity holders of approximately HKD 64.4 million for the year ended December 31, 2025, compared to a loss of HKD 17.1 million for the year ended December 31, 2024, representing an increase in loss of approximately 276.6%[35] - The company reported a loss attributable to shareholders of approximately HKD 64.4 million for the year ending December 31, 2025, resulting in a loss per share of approximately HKD 0.3273[67] Assets and Liabilities - The group's total assets less current liabilities amounted to HKD 138.0 million, an increase from HKD 114.8 million in 2024[7] - Cash and cash equivalents increased to HKD 112.9 million from HKD 53.6 million in 2024[7] - The total assets of the company as of December 31, 2025, were HKD 157,931,000, up from HKD 134,676,000 in 2024, marking an increase of about 17.2%[19] - The total liabilities increased to HKD 22,861,000 in 2025 from HKD 20,682,000 in 2024, representing an increase of approximately 10.6%[19] - As of December 31, 2025, the company's total liabilities to total assets ratio was approximately 14.5%, a decrease from 15.4% as of December 31, 2024[56] Research and Development - The group incurred research costs of approximately HKD 15.965 million, up from HKD 9.037 million in 2024[5] - The company’s focus remains on game research and development, aiming to enhance user experience and provide innovative gaming products[35] - Research costs rose to approximately HKD 16.0 million for the year ended December 31, 2025, an increase of about HKD 7.0 million or 77.8% from HKD 9.0 million in the previous year, due to several projects being in the research phase[44] Impairment and Losses - The group experienced a significant impairment loss on intangible assets amounting to HKD 17.707 million, with no such loss reported in 2024[5] - An impairment loss of approximately HKD 17.7 million was recognized for intangible assets for the year ended December 31, 2025, as the operational revenue from existing games was not expected to cover operational costs[43] - The loss attributable to equity holders for the year ended December 31, 2025, was approximately HKD 64.4 million, compared to a loss of HKD 17.1 million for the year ended December 31, 2024, primarily due to impairment losses and increased employee costs[48] Dividends and Share Issuance - The board of directors did not recommend the payment of a final dividend for the year ending December 31, 2025[4] - The company did not declare any final dividends for the fiscal year ending December 31, 2025, consistent with the previous year[27] - The company issued a total of 50,821,041 shares through a rights issue at a subscription price of HKD 1.58 per share, raising approximately HKD 80.3 million[34] - The net proceeds from the rights issue, after expenses, amounted to approximately HKD 79.5 million, which will be allocated for various development and marketing initiatives[56][57] Operational Performance - The reported loss for the gaming and software development segment was HKD 78,195,000 for 2025, compared to a profit of HKD 34,559,000 in 2024, indicating a significant decline in performance[18] - The gaming operations segment generated external customer revenue of HKD 146,204,000 in 2025, compared to HKD 140,572,000 in 2024, showing a growth of about 4%[23] - Direct costs for the year ended December 31, 2025, amounted to approximately HKD 50.7 million, a significant increase from HKD 27.8 million for the year ended December 31, 2024, primarily due to the launch of the game "God War: Primordial"[39] Employee and Compensation - The total employee compensation for the year ending December 31, 2025, was approximately HKD 53.9 million, up from HKD 31.1 million in 2024[59] - The workforce increased to 188 employees as of December 31, 2025, compared to 151 employees in the previous year, with significant growth in project development and game design roles[59] Governance and Risk Management - The company emphasizes high standards of corporate governance to protect stakeholder interests and enhance corporate value[80] - The company has established a risk management system overseen by the audit committee to ensure its effectiveness[73] - The company has identified several risks affecting its business, including technological advancements, changing player preferences, and potential payment delays from settlement agents[70] - The company faces intense competition from both domestic and international competitors in the gaming industry, as well as from other entertainment forms such as movies and sports[71] Environmental and Stakeholder Communication - The company has implemented environmental management practices, including water and electricity conservation measures, and promotes a paperless office environment[74] - The company maintains effective communication with stakeholders through various channels, including its official website and email[75]

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。 （於開曼群島註冊成立的有限公司） （股份代號：1909） – 1 – 本公告所載資料僅基於董事會參照現時可取得有關期間的未經審核綜合管理賬目 （未經本公司核數師審閱或審核，亦未經本公司審核委員會確認）的初步評估而得 出，仍有待落實並可能須作調整。有關資料亦非根據經本公司之核數師或審核委員 會審閱之任何數字或資料得出。因此，本集團於有關期間的實際業績可能會有別於 本公告所載的資料。股東及有意投資者應參閱本公司於有關期間的中期業績公告以 了解本集團表現之詳情，該公告預計將於2026年3月底前後刊發。 謹請股東及有意投資者於買賣本公司股份時審慎行事。 承董事會命 火岩控股有限公司 主席兼執行董事 張岩 香港，2026年3月16日 於本公告日期，執行董事為張岩先生（主席）、高博先生、柯俊偉先生及王欣女士； 及獨立非執行董事為周媛珊女士、譚植藝先生及蔣穎欣女士。 – 2 – 盈利警告 本公告乃由火岩控股有限公司（ ...

（於開曼群島註冊成立的有限公司） （股份代號：1909） 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。 承董事會命 火岩控股有限公司 主席兼執行董事 張岩 香港，2026年3月10日 於本公告日期，執行董事為張岩先生、高博先生、柯俊偉先生及王欣女士；及獨立 非執行董事為周媛珊女士、譚植藝先生及蔣穎欣女士。 董事會會議日期 火岩控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會（「董事會」）謹 此宣佈，本公司將於2026年3月23日（星期一）舉行董事會會議，藉以（其中包括）批 准本集團截至2025年12月31日止年度的年度業績公告以供發表，以及考慮建議派付 股息（如有）。 ...

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: | 火岩控股有限公司 | | | | | | 呈交日期: | 2026年3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) | 01909 | 說明 | 普通股 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,200,000,000 | HKD | | 0.016666666667 HKD | | 20,000,000 | | 增加 / 減少 (-) ...

| | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | --- | --- | --- | --- | --- | --- | | 上月底結存 | 1,200,000,000 | HKD | 0.016666666667 | HKD | 20,000,000 | | 增加 / 減少 (-) | | 0 | | HKD | | | 本月底結存 | 1,200,000,000 | HKD | 0.016666666667 | HKD | 20,000,000 | 本月底法定/註冊股本總額： HKD 20,000,000 FF301 第 1 頁 共 10 頁 v 1.2.0 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 | 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) | 01909 | 說明 | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | ...

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: 火岩控股有限公司 呈交日期: 2026年1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) | 01909 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,200,000,000 | HKD | 0.016666666667 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,200,000,000 | HKD | 0.016666666667 | HKD | | 20,000,000 | 本月底法定/註冊股本總額： HKD 20, ...

Group 1 - The core announcement is that Huo Yan Holdings (01909.HK) will see a change in its executive leadership, with Zhou Zhi resigning as Executive Director and CEO effective December 31, 2025 [1] - Zhang Yan has been appointed as Executive Director, Chairman of the Board, and Chief Product Officer [1]

Group 1 - The company announced that Mr. Zhou Zhi will resign as Executive Director and CEO effective December 31, 2025 [1] - Mr. Zhang Yan has been appointed as Executive Director, Chairman of the Board, and Chief Product Officer [1]

（於開曼群島註冊成立的有限公司） （股份代號：1909） 董事會已成立三個委員會，而該等委員會的成員載列如下： | 委員會 董事 | 董事 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | | 張岩先生 | ╱ | ╱ | ╱ | | 高博先生 | ╱ | ╱ | ╱ | | 王欣女士 | ╱ | ╱ | ╱ | | 柯俊偉先生 | ╱ | ╱ | ╱ | | 譚植藝先生 | C | C | M | | 周媛珊女士 | M | M | C | | 蔣穎欣女士 | M | M | M | 附註： C： 相關董事委員會主席 M： 相關董事委員會成員 火岩控股有限公司董事會（「董事會」）成員載列如下： 執行董事 張岩先生 （主席） 高博先生 王欣女士 柯俊偉先生 獨立非執行董事 譚植藝先生 周媛珊女士 蔣穎欣女士 董事名單及其角色及職能 香港，2025年12月31日 ...