Doumob （豆 盟 科 技 有 限 公 司） 提名委員會職權範圍 1. 目的 1.1 委員會成立的目的是尋找、考慮及向董事會推 薦 合 適 人 選 出 任 董 事 、 監 管評估董事會表現的程序、制定及向董事會建議提名 指 引 ， 惟 須 符合任何適用 法 律 、 法 規 及 上 市 標 準 。 2. 組成 3. 會議 3 2.1 委員會由董事會不時委任，其中大多數成員須為獨立非執行董事， 彼 等 應 符 合 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則 （ 「 上 市 規 則 」 ） （ 經 不 時 修 訂 ） 不 時 訂 明 的 獨 立 性 規 定 。 2.2 董事會須委任委員會的一名成員（須為董事會主席或一名獨立非 執 行董事）擔任 主 席 （ 「 主 席 」 ） 。 委 員 會 應 委 任 至 少 一 名 不 同 性 別 的 董 事 為 成 員 。 3.1 除本文另有指明外，本公司組織章程細則（「 章程細則 」 ） （ 經 不 時修訂）所載有關 規 範 董 事 會 議 及 議 事 程 序 的 規 定 ， 適 用 於 委 員 會 的 會 議 及 議 事 程 序 。 3.2 委員 ...

[Report Summary](index=1&type=section&id=I.%20Report%20Summary) This section summarizes the Group's interim financial performance, highlighting increased losses and the board's decision regarding dividends [2025 Interim Performance Overview](index=1&type=section&id=1.1%202025%20Interim%20Performance%20Overview) The Group's loss for the 2025 interim period significantly widened, with loss attributable to owners of the Company increasing to approximately RMB 11.9 million and basic loss per share rising accordingly - Loss attributable to owners of the Company: approximately **RMB 11.9 million** in 2025 interim, a significant increase from approximately **RMB 4.1 million** in 2024 interim[3](index=3&type=chunk)[6](index=6&type=chunk) - Basic loss per share: **RMB 0.0052** in 2025 interim, an increase from **RMB 0.0018** in 2024 interim[3](index=3&type=chunk)[6](index=6&type=chunk) [Interim Dividend](index=1&type=section&id=1.2%20Interim%20Dividend) The Board resolved not to declare an interim dividend for 2025 - The Board resolved not to declare any interim dividend for the 2025 interim period[4](index=4&type=chunk)[7](index=7&type=chunk) [Management Discussion and Analysis](index=2&type=section&id=MANAGEMENT%20DISCUSSION%20AND%20ANALYSIS) This section provides an in-depth analysis of the Group's operational performance, strategic direction, and industry landscape [Industry Overview and Company Strategy](index=2&type=section&id=OVERVIEW) In H1 2025, the live e-commerce industry shifted from traffic to capability competition, with the healthy food segment showing strong resilience; the Group focuses on supply chain and private label incubation to address consumer stratification and high costs - The live e-commerce industry is accelerating its shift from traffic competition to capability competition, with platform algorithms continuously favoring vertical content[9](index=9&type=chunk)[12](index=12&type=chunk) - The healthy food segment demonstrates strong resilience, with increasing consumer demand for product innovation and scenario-specific adaptation[9](index=9&type=chunk)[12](index=12&type=chunk) - The Group focuses on deepening supply chain capabilities and incubating a private label ecosystem to address the dual challenges of stratified consumer demand and high supply chain costs[9](index=9&type=chunk)[12](index=12&type=chunk) [Business Review](index=2&type=section&id=BUSINESS%20REVIEW) The Group established a flexible and collaborative industrial network in the supply chain, focusing on food and beverage categories, laying a foundation for product innovation and quality control, with private labels forming an initial product matrix for convenient nutrition - At the supply chain level, the Group has established flexible supply capabilities that quickly respond to market demand by systematically integrating high-quality factory resources and focusing on food and beverage categories[10](index=10&type=chunk)[13](index=13&type=chunk) - In the private label sector, the Group has formed a preliminary product matrix covering fragmented dining scenarios, optimizing product experience through multiple rounds of user testing, focusing on convenient nutrition needs in fast-paced lifestyles[11](index=11&type=chunk)[13](index=13&type=chunk) - Although this strategic layout has not yet entered a full revenue conversion period, it has laid a solid foundation for continuous innovation and quality control of future product matrices[10](index=10&type=chunk)[13](index=13&type=chunk) [Strategic Outlook](index=3&type=section&id=STRATEGIC%20OUTLOOK) The Group will deepen its "user+data+innovation+supply+sharing" five-dimensional strategic framework, leveraging dual engines and three fundamental certainties to achieve value transformation and long-term competitive advantages - The Group will deepen its "user+data+innovation+supply+sharing" five-dimensional strategic framework to shift capabilities towards value conversion[15](index=15&type=chunk) - Implementation focuses on dual engines: 1. Building a dynamic demand perception system to penetrate from transaction touchpoints to lifestyle scenarios; 2. Accelerating the marketization of reserve products, leveraging supermarkets and convenience stores for "instantly available" light health consumption; 3. Exploring open collaboration of production capacity, channels, and data resources to reduce marginal costs of industrial innovation[16](index=16&type=chunk)[17](index=17&type=chunk) - Cultivating three fundamental certainties: 1. Supply chain resilience to overcome the dichotomy of cost and quality; 2. User-oriented innovation to let consumer demand define product evolution; 3. Technological penetration efficiency to reshape the matching efficiency of people, goods, and venues[18](index=18&type=chunk)[22](index=22&type=chunk) [Financial Review](index=4&type=section&id=FINANCIAL%20REVIEW) This section provides a detailed analysis of the Group's financial performance, including revenue, costs, expenses, and financial position [Revenue](index=4&type=section&id=REVENUE) Total revenue for the 2025 interim period decreased by 8.2% year-on-year to RMB 18.6 million, primarily due to the Group's strategic shift from brand agency operations to upstream supply chain extension and private label development, which has not yet fully converted into revenue 2025 Interim Revenue Details | Metric | 2025 (RMB '000) | 2025 (% of total revenue) | 2024 (RMB '000) | 2024 (% of total revenue) | | :--- | :--- | :--- | :--- | :--- | | Marketing Services | 15,514 | 83.5% | 19,484 | 96.3% | | Of which: Online Marketing | 12,028 | 64.7% | 19,484 | 96.3% | | Offline Marketing | 3,486 | 18.8% | — | 0% | | Private Label | 2,999 | 16.1% | — | 0% | | Others | 71 | 0.4% | 757 | 3.7% | | **Total** | **18,584** | **100.0%** | **20,241** | **100.0%** | - Total revenue decreased by approximately **8.2%** year-on-year, from **RMB 20.2 million** in 2024 interim to **RMB 18.6 million** in 2025 interim[14](index=14&type=chunk)[23](index=23&type=chunk)[26](index=26&type=chunk) - The decrease in revenue is primarily due to the Group's strategic shift from brand agency operations to upstream industrial chain extension, strengthening supply chain autonomy and private label product matrix development to enhance long-term competitiveness, which has not yet entered a full revenue conversion period[23](index=23&type=chunk)[26](index=26&type=chunk) [Cost of Sales, Gross Profit and Gross Profit Margin](index=5&type=section&id=COST%20OF%20SALES%2C%20GROSS%20PROFIT%20AND%20GROSS%20PROFIT%20MARGIN) Cost of sales for the 2025 interim period increased by 8.4% year-on-year, leading to a 33.5% decrease in gross profit to RMB 5.3 million and a 10.9 percentage point contraction in gross profit margin to 28.7%, mainly due to increased investment in private label business and offline marketing costs Changes in Cost of Sales, Gross Profit and Gross Profit Margin | Metric | 2025 (RMB '000) | 2024 (RMB '000) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Cost of sales | 13,258 | 12,233 | Increase of 8.4% | | Gross profit | 5,326 | 8,008 | Decrease of 33.5% | | Gross profit margin | 28.7% | 39.6% | Decrease of 10.9 percentage points | - The increase in cost of sales was primarily due to increased investment during the incubation period of the private label business and higher offline marketing costs[24](index=24&type=chunk)[27](index=27&type=chunk) [Expenses](index=6&type=section&id=EXPENSES) Group selling and distribution expenses slightly increased, administrative expenses rose due to higher rent and renovation costs, and there were no income tax expenses due to losses incurred [Selling and Distribution Expenses](index=6&type=section&id=Selling%20and%20Distribution%20Expenses) Selling and distribution expenses for the 2025 interim period were approximately RMB 5.0 million, a slight year-on-year increase of 2.3%, primarily comprising staff salaries and benefits, with overall minimal change - Selling and distribution expenses: approximately **RMB 5.0 million** in 2025 interim, an increase of approximately **2.3%** year-on-year (2024 interim: approximately **RMB 4.9 million**)[29](index=29&type=chunk)[32](index=32&type=chunk) - Primary components: staff salaries and benefits[29](index=29&type=chunk)[32](index=32&type=chunk) [Administrative Expenses](index=6&type=section&id=Administrative%20Expenses) Administrative expenses for the 2025 interim period were approximately RMB 7.6 million, a 6.3% year-on-year increase, mainly due to higher rent and renovation costs - Administrative expenses: approximately **RMB 7.6 million** in 2025 interim, an increase of approximately **6.3%** year-on-year (2024 interim: approximately **RMB 7.2 million**)[30](index=30&type=chunk)[33](index=33&type=chunk) - Reason for increase: primarily due to higher rent and renovation expenses[30](index=30&type=chunk)[33](index=33&type=chunk) [Income Tax Expenses](index=6&type=section&id=Income%20Tax%20Expenses) There were no income tax expenses in the 2025 interim period due to corporate losses; two of the Group's Chinese subsidiaries, as high-tech enterprises, enjoy a preferential income tax rate of 15% - Income tax expenses: No income tax expenses in 2025 interim, primarily due to corporate losses[31](index=31&type=chunk)[34](index=34&type=chunk) - Preferential tax rate: Two of the Group's Chinese subsidiaries are approved as high-tech enterprises, eligible for a preferential income tax rate of **15%**[31](index=31&type=chunk)[34](index=34&type=chunk) [Financial Position and Liquidity](index=7&type=section&id=FINANCIAL%20POSITIONS) As of June 30, 2025, the Group's total equity and net current assets both decreased, primarily due to losses from operating activities and a reduction in cash and cash equivalents Key Financial Position Indicators | Metric | June 30, 2025 (RMB '000) | December 31, 2024 (RMB '000) | Change | | :--- | :--- | :--- | :--- | | Total equity | 38,700 | 50,500 | Decrease of approx. 23.4% | | Net current assets | 34,100 | 45,700 | Decrease of approx. 25.4% | | Cash and cash equivalents | 25,100 | 35,800 | Decrease of approx. 29.9% | - The decrease in total equity was primarily due to losses generated from operating activities[35](index=35&type=chunk)[38](index=38&type=chunk) - The decrease in cash and cash equivalents was primarily due to payments for operating activities[36](index=36&type=chunk)[39](index=39&type=chunk) [Capital Structure and Investments](index=8&type=section&id=CAPITAL%20STRUCTURE%20AND%20INVESTMENTS) The Group's gearing ratio significantly decreased, with no material capital expenditures, investments, or asset pledges, and no significant contingent liabilities or guarantees during the period [Gearing Ratio](index=8&type=section&id=GEARING%20RATIO) As of June 30, 2025, the Group's gearing ratio decreased to 7.9% from 13.2% on December 31, 2024, primarily due to a reduction in contract liabilities and other payables - Gearing ratio: **7.9%** as of June 30, 2025, a decrease from **13.2%** as of December 31, 2024[41](index=41&type=chunk)[47](index=47&type=chunk) - Reason for decrease: primarily due to a reduction in contract liabilities and other payables[41](index=41&type=chunk)[47](index=47&type=chunk) [Capital Expenditure](index=8&type=section&id=CAPITAL%20EXPENDITURE) The Group incurred no material capital expenditures in both the 2025 and 2024 interim periods - The Group had no material capital expenditure in both the 2025 and 2024 interim periods[42](index=42&type=chunk)[48](index=48&type=chunk) [Significant Investments Held/Future Plans for Material Investments or Capital Assets, and Material Acquisitions and Disposals of Subsidiaries, Associates and Joint Ventures](index=8&type=section&id=SIGNIFICANT%20INVESTMENTS%20HELD%2FFUTURE%20PLANS%20FOR%20MATERIAL%20INVESTMENTS%20OR%20CAPITAL%20ASSETS%2C%20AND%20MATERIAL%20ACQUISITIONS%20AND%20DISPOSALS%20OF%20SUBSIDIARIES%2C%20ASSOCIATES%20AND%20JOINT%20VENTURES) As of June 30, 2025, the Group had no significant investments, material acquisitions or disposals of subsidiaries, associates, and joint ventures, nor any pledged property, plant, and equipment - For the six months ended June 30, 2025, the Group had no significant investments or material acquisitions and disposals of subsidiaries, associates, and joint ventures[43](index=43&type=chunk)[49](index=49&type=chunk) - As of the date of this interim results announcement, the Group had no future plans for material investments or capital assets[44](index=44&type=chunk)[49](index=49&type=chunk) - As of June 30, 2025, no property, plant, and equipment were pledged[45](index=45&type=chunk)[50](index=50&type=chunk) [Contingent Liabilities and Guarantees](index=8&type=section&id=CONTINGENT%20LIABILITIES%20AND%20GUARANTEES) As of June 30, 2025, the Group had no significant contingent liabilities, guarantees, or any material claims or litigations - As of June 30, 2025, the Group had no significant contingent liabilities, guarantees, or any material claims or litigations recorded against it[46](index=46&type=chunk)[51](index=51&type=chunk) [Employees and Remuneration Policies](index=9&type=section&id=EMPLOYEES%20AND%20REMUNERATION%20POLICIES) The Group's total employee remuneration for the 2025 interim period was approximately RMB 7.5 million, a year-on-year decrease of 7.4%; remuneration is determined by performance, experience, and market conditions, with training and share award schemes to incentivize and retain talent - Total employee remuneration: approximately **RMB 7.5 million** in 2025 interim (2024 interim: approximately **RMB 8.1 million**), a year-on-year decrease of approximately **7.4%**[52](index=52&type=chunk)[55](index=55&type=chunk) - Remuneration policy: Determined based on employee performance, experience, and capabilities, with reference to comparable market cases, including salaries, bonuses, allowances, and state-managed retirement benefit schemes[53](index=53&type=chunk)[55](index=55&type=chunk) - Incentive plans: Restricted share unit schemes and restricted share award schemes are adopted to recognize and encourage employee contributions, retain talent, and attract suitable personnel[54](index=54&type=chunk)[55](index=55&type=chunk) [Financial Information](index=10&type=section&id=FINANCIAL%20INFORMATION) This section presents the Group's unaudited condensed consolidated statement of profit or loss and other comprehensive income, statement of financial position, and notes for the six months ended June 30, 2025, detailing financial results, asset-liability status, and accounting policies [Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=10&type=section&id=INTERIM%20CONDENSED%20CONSOLIDATED%20STATEMENT%20OF%20PROFIT%20OR%20LOSS%20AND%20OTHER%20COMPREHENSIVE%20INCOME) The Group recorded a loss of RMB 11.853 million in the 2025 interim period, a significant increase from the RMB 4.122 million loss in 2024 interim, primarily due to decreased revenue, increased cost of sales, and expected credit losses on financial assets Summary of Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | Metric | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Revenue | 18,584 | 20,241 | | Cost of sales | (13,258) | (12,233) | | Gross profit | 5,326 | 8,008 | | Other income and other net gains | (262) | 922 | | Selling and distribution expenses | (5,023) | (4,908) | | Administrative expenses | (7,624) | (7,170) | | Expected credit losses on financial assets | (4,270) | — | | Loss before income tax | (11,853) | (4,122) | | Loss for the period | (11,853) | (4,122) | [Interim Condensed Consolidated Statement of Financial Position](index=11&type=section&id=INTERIM%20CONDENSED%20CONSOLIDATED%20STATEMENT%20OF%20FINANCIAL%20POSITION) As of June 30, 2025, the Group's total assets and total equity both decreased, non-current assets slightly reduced, current assets significantly declined due to decreased cash and receivables, and current liabilities also substantially decreased Summary of Interim Condensed Consolidated Statement of Financial Position | Metric | June 30, 2025 (RMB '000) | December 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Non-current assets | 4,614 | 4,817 | | Current assets | 37,407 | 53,355 | | Current liabilities | 3,300 | 7,650 | | Net current assets | 34,107 | 45,705 | | Net assets (Total equity) | 38,721 | 50,522 | [Notes to the Condensed Consolidated Interim Financial Statements](index=12&type=section&id=NOTES%20TO%20THE%20CONDENSED%20CONSOLIDATED%20INTERIM%20FINANCIAL%20STATEMENTS) This section details the Group's overview, basis of financial statement preparation, accounting policy changes, revenue and segment information, other income, loss before income tax, earnings per share calculation, dividend policy, aging analysis of trade receivables and payables, and capital structure [1. General Information](index=12&type=section&id=1.%20GENERAL%20INFORMATION) Doumeng Technology Co., Ltd. was incorporated in the Cayman Islands, listed on the Hong Kong Stock Exchange in 2019, with primary business in investment holding and its Chinese subsidiaries providing marketing services and other sales - The Company was incorporated in the Cayman Islands on **March 26, 2018**, and listed on The Stock Exchange of Hong Kong Limited on **March 14, 2019**[60](index=60&type=chunk)[64](index=64&type=chunk) - The Company's principal business is investment holding, while its subsidiaries' principal businesses are providing marketing services and other sales in China[61](index=61&type=chunk)[64](index=64&type=chunk) [2. Basis of Preparation and Changes in Accounting Policies](index=12&type=section&id=2.%20BASIS%20OF%20PREPARATION) Financial statements are prepared in accordance with HKAS 34, using the same accounting policies as the 2024 annual report, with no material impact from new HKFRS amendments - The condensed consolidated interim financial statements have been prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" and the applicable disclosure provisions of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[62](index=62&type=chunk)[65](index=65&type=chunk) - These financial statements have been prepared in accordance with the same accounting policies adopted in the 2024 annual financial statements, and the newly issued and revised HKFRS have no material impact on these financial statements[63](index=63&type=chunk)[65](index=65&type=chunk)[66](index=66&type=chunk)[69](index=69&type=chunk) [4. Revenue and Segment Information](index=13&type=section&id=4.%20REVENUE%20AND%20SEGMENT%20INFORMATION) The Group's revenue is entirely from China, primarily comprising marketing services and other sales, with detailed breakdowns by category and changes in contract liabilities disclosed - For the six months ended June 30, 2025 and 2024, all of the Group's revenue was derived from China[71](index=71&type=chunk)[73](index=73&type=chunk) - The Group has a diversified customer base, with two customers whose transaction amounts exceeded **10%** of the Group's revenue for the six months ended June 30, 2025[71](index=71&type=chunk)[74](index=74&type=chunk) Revenue Categories and Recognition Timing | Revenue Category | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Marketing Services | 15,514 | 19,484 | | Other Sales | 3,070 | 757 | | **Total** | **18,584** | **20,241** | | Revenue recognized at a point in time | 18,584 | 20,241 | Changes in Contract Liabilities | Metric | June 30, 2025 (RMB '000) | December 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Balance at January 1 | 1,033 | 2,591 | | Decrease due to revenue recognized during the period | (1,033) | (2,591) | | Increase due to advance billing | 163 | 1,033 | | Balance at June 30/December 31 | 163 | 1,033 | [5. Other Income and Other Net Gains](index=15&type=section&id=5.%20OTHER%20INCOME%20AND%20OTHER%20NET%20GAINS) Other income and other net gains for the 2025 interim period resulted in a loss of RMB 262 thousand, compared to a gain of RMB 922 thousand in 2024 interim, primarily due to changes in net exchange gains Details of Other Income and Other Net Gains | Metric | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Net exchange gain/(loss) | (609) | 651 | | Interest income | 170 | 317 | | Others | 177 | (46) | | **Total** | **(262)** | **922** | [6. Loss Before Income Tax](index=16&type=section&id=6.%20LOSS%20BEFORE%20INCOME%20TAX) Loss before income tax is primarily composed of amortization of intangible assets, depreciation of property, plant and equipment, impairment provision for trade and other receivables, short-term lease expenses, and staff costs Components of Loss Before Income Tax | Metric | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Amortisation of intangible assets | 159 | 654 | | Depreciation of property, plant and equipment | 38 | 41 | | Impairment (reversal)/loss on trade receivables | (142) | — | | Impairment provision for other receivables | 4,412 | — | | Short-term lease expenses | 551 | 216 | | Total staff costs | 7,508 | 8,129 | [8. Loss Per Share](index=17&type=section&id=8.%20LOSS%20PER%20SHARE) Basic loss per share for the 2025 interim period was RMB 0.0052, an increase from RMB 0.0018 in 2024 interim, with diluted loss per share being consistent with basic loss per share Loss Per Share Details | Metric | 2025 (RMB '000) | 2024 (RMB '000) | | :--- | :--- | :--- | | Loss attributable to owners of the Company | 11,853 | 4,122 | | Weighted average number of ordinary shares in issue ('000) | 2,299,745 | 2,299,745 | | Loss per share (RMB) | 0.0052 | 0.0018 | - Diluted loss per share was consistent with basic loss per share, as there were no potentially dilutive ordinary shares for the six months ended June 30, 2025 and 2024[94](index=94&type=chunk)[95](index=95&type=chunk) [9. Dividends](index=19&type=section&id=9.%20DIVIDENDS) The Board resolved not to recommend or declare an interim dividend for the six months ended June 30, 2025 - The Board resolved not to recommend or declare an interim dividend for the six months ended June 30, 2025 (for the six months ended June 30, 2024: nil)[96](index=96&type=chunk)[98](index=98&type=chunk) [10. Trade Receivables](index=19&type=section&id=10.%20TRADE%20RECEIVABLES) As of June 30, 2025, net trade receivables were RMB 2.383 million, a decrease from RMB 3.345 million on December 31, 2024; the Group provides credit terms of 1 to 30 days and uses a simplified approach for expected credit loss provisions Net Trade Receivables and Aging Analysis | Metric | June 30, 2025 (RMB '000) | December 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Trade receivables | 2,521 | 3,625 | | Less: Loss allowance | (138) | (280) | | **Net amount** | **2,383** | **3,345** | | **Aging analysis (by invoice date):** | | | | 0 – 30 days | 1,832 | 3,345 | | 31 – 60 days | 18 | — | | 181 – 365 days | 533 | — | - The Group grants credit terms ranging from **1 to 30 days** to its customers[102](index=102&type=chunk)[104](index=104&type=chunk) - The Group applies the simplified approach to provide for expected credit losses as required by HKFRS 9[103](index=103&type=chunk)[104](index=104&type=chunk) [11. Trade Payables](index=21&type=section&id=11.%20Trade%20Payables) As of June 30, 2025, trade payables were RMB 170 thousand, a significant decrease from RMB 585 thousand on December 31, 2024; credit terms typically range from 1 to 60 days Trade Payables and Aging Analysis | Metric | June 30, 2025 (RMB '000) | December 31, 2024 (RMB '000) | | :--- | :--- | :--- | | Trade payables | 170 | 585 | | **Aging analysis (by date of receipt of services and goods):** | | | | 0 – 30 days | 40 | 430 | | Over 365 days | 130 | 155 | - Credit terms for trade payables vary depending on agreements with different suppliers, generally ranging from **1 to 60 days**[108](index=108&type=chunk) [12. Capital](index=22&type=section&id=12.%20Capital) As of June 30, 2025, the issued and fully paid share capital was 2,300,000,000 shares, with a par value of RMB 1,967 thousand, consistent with December 31, 2024 - As of June 30, 2025, issued and fully paid shares: **2,300,000,000** shares, with a par value of **RMB 1,967 thousand**, consistent with December 31, 2024[112](index=112&type=chunk) [13. Events After The End Of The Reporting Period](index=22&type=section&id=13.%20EVENTS%20AFTER%20THE%20END%20OF%20THE%20REPORTING%20PERIOD) As of the financial statements approval date, the Group had no material disclosable events after the reporting period - As of the approval date of these financial statements, the Group had no material disclosable events after the reporting period[112](index=112&type=chunk)[113](index=113&type=chunk) [Other Information](index=23&type=section&id=OTHER%20INFORMATION) This section covers additional information regarding the Group's listed securities, corporate governance, directors' securities transactions, and the review and publication of interim financial information [Purchase, Sale or Redemption of Listed Securities](index=23&type=section&id=PURCHASE%2C%20SALE%20OR%20REDEMPTION%20OF%20LISTED%20SECURITIES) During the 2025 interim period, neither the Company nor its subsidiaries repurchased, sold, or redeemed any listed securities, and as of June 30, 2025, the Company held no treasury shares - Neither the Company nor its subsidiaries repurchased, sold, or redeemed any of the Company's listed securities during the 2025 interim period[114](index=114&type=chunk)[116](index=116&type=chunk) - As of June 30, 2025, the Company held no treasury shares[114](index=114&type=chunk)[116](index=116&type=chunk) [Compliance with CG Code](index=23&type=section&id=COMPLIANCE%20WITH%20CG%20CODE) The Company complied with all applicable CG Code provisions, except for Mr. Yang Bin holding both Chairman and Co-Chief Executive Officer roles, a deviation from C.2.1; the Board believes this arrangement benefits Group management, with senior management and the Board providing independent checks and balances - The Company has complied with all applicable code provisions set out in Part 2 of the Corporate Governance Code, except for a deviation from code provision C.2.1[115](index=115&type=chunk)[117](index=117&type=chunk) - The deviation is due to Mr. Yang Bin serving concurrently as both Chairman and Co-Chief Executive Officer[115](index=115&type=chunk)[117](index=117&type=chunk) - The Board believes that Mr. Yang's dual role as Chairman and Co-Chief Executive Officer does not pose any potential detriment to the Group's interests; instead, it benefits the Group's management, and the operations of senior management and the Board effectively check and balance his power[118](index=118&type=chunk)[121](index=121&type=chunk) [Model Code for Securities Transactions by Directors](index=24&type=section&id=MODEL%20CODE%20FOR%20SECURITIES%20TRANSACTIONS%20BY%20DIRECTORS) The Company has adopted the Model Code set out in Appendix C3 of the Listing Rules, and all Directors confirmed compliance with the code during the 2025 interim period - The Company has adopted the Model Code set out in Appendix C3 of the Listing Rules as its own code of conduct for Directors' securities transactions[120](index=120&type=chunk)[123](index=123&type=chunk) - Following specific inquiries to all Directors, they confirmed compliance with the Model Code and the Company's own code of conduct for Directors' securities transactions during the 2025 interim period[120](index=120&type=chunk)[123](index=123&type=chunk) [Review of the Interim Financial Information](index=25&type=section&id=REVIEW%20OF%20THE%20INTERIM%20FINANCIAL%20INFORMATION) The unaudited condensed consolidated interim financial information for 2025 interim has been reviewed by the Audit Committee and confirmed to comply with applicable accounting standards; the interim results announcement is published on the Company's and HKEX websites, with the interim report to be dispatched to shareholders and uploaded by end of September 2025 - The unaudited condensed consolidated interim financial information for the 2025 interim period has been reviewed by the Audit Committee but not audited by the Company's external auditor[124](index=124&type=chunk)[126](index=126&type=chunk) - The Audit Committee is satisfied that the Company's unaudited financial information has been prepared in accordance with applicable accounting standards[124](index=124&type=chunk)[126](index=126&type=chunk) - This interim results announcement has been published on the Company's website and the HKEX website, and the interim report will be dispatched to shareholders and published on the aforementioned websites by the end of September 2025[125](index=125&type=chunk)[127](index=127&type=chunk) [Definitions](index=26&type=section&id=DEFINITIONS) This section provides definitions for key terms and expressions used in this interim results announcement - This section provides definitions for key terms and expressions used in this interim results announcement[128](index=128&type=chunk)[129](index=129&type=chunk)[130](index=130&type=chunk)[131](index=131&type=chunk)

Core Viewpoint - Doumeng Technology (01917.HK) has announced a board meeting scheduled for August 28, 2025, to consider and approve the unaudited interim results for the six months ending June 30, 2025, and to discuss the potential declaration of an interim dividend, if any [1] Group 1 - The board meeting will focus on the approval of the company's interim performance [1] - The meeting will also consider the payment of an interim dividend [1] - The interim results will cover the period ending June 30, 2025 [1]

承董事會命 豆盟科技有限公司 主席兼執行董事 楊斌 香港，2025年8月18日 於本公告日期，執行董事為楊斌先生、張聃琦先生及師慧女士；非執行董事為劉艾倫先生； 及獨立非執行董事為陳耀光先生、陳樺先生及張立敏先生。 （股份代號：1917） 董事會會議日期 豆盟科技有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，謹訂於2025年8月28日 （星期四）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2025年6 月30日止六個月之未經審核中期業績及其發佈，以及考慮派付中期股息（如有）。 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。 Doumob 豆 盟 科 技 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） ...

呈交日期: 2025年8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) | 01917 | 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 | | 0.001 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | 10,000,000,000 | HKD | | 0.001 | HKD | | 10,000,000 | 本月底法定/註冊股本總額： HKD 10,000,000 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: | | --- | --- | --- | | 截至月份: | 2025年7 ...

Core Viewpoint - Doumeng Technology (01917) anticipates a decline in revenue and an increase in net loss for the six months ending June 30, 2025, primarily due to strategic shifts and increased operational costs [1] Financial Performance - Expected revenue for the six months ending June 30, 2025, is projected to be approximately RMB 18 million to RMB 19 million, compared to RMB 20.2 million in the same period last year [1] - Expected net loss for the same period is projected to be approximately RMB 11.5 million to RMB 12.5 million, compared to a net loss of RMB 4.1 million in the previous year [1] Strategic Initiatives - The company is accelerating its transition from brand operation to upstream supply chain enhancement, which includes strengthening its self-controlled supply chain capabilities and expanding its proprietary product matrix [1] - Increased investment in product research and market development for proprietary brands has led to a temporary rise in operational costs, impacting profitability [1] Financial Adjustments - The company has made provisions for expected credit losses on financial assets, contributing to the increased net loss [1]

Core Viewpoint - Doumeng Technology (01917) anticipates a decline in revenue and an increase in net loss for the six months ending June 30, 2025, primarily due to strategic shifts and increased operational costs [1] Financial Performance - Expected revenue for the six months ending June 30, 2025, is projected to be approximately RMB 18 million to RMB 19 million, compared to RMB 20.2 million in the same period last year [1] - Expected net loss for the same period is projected to be approximately RMB 11.5 million to RMB 12.5 million, compared to a net loss of RMB 4.1 million in the previous year [1] Strategic Initiatives - The company is accelerating its transition from brand operation to upstream supply chain enhancement, which includes strengthening its supply chain autonomy and developing its own product matrix [1] - Increased investment in product research and market expansion for proprietary brands has led to a temporary rise in operational costs, impacting profitability [1] Financial Adjustments - The company has made provisions for expected credit losses on financial assets, contributing to the increased net loss [1]

Core Viewpoint - Doumeng Technology (01917.HK) anticipates a decline in revenue and an increase in net loss for the six months ending June 30, 2025, primarily due to strategic shifts and increased operational costs [1] Financial Performance - The expected revenue for the six months ending June 30, 2025, is projected to be between approximately RMB 18.0 million and RMB 19.0 million, compared to RMB 20.2 million in the same period last year [1] - The anticipated net loss for the same period is expected to be between approximately RMB 11.5 million and RMB 12.5 million, compared to a net loss of approximately RMB 4.1 million in the previous year [1] Strategic Initiatives - The company is accelerating its transition from brand operation to upstream supply chain enhancement, which includes strengthening supply chain control and developing its own product matrix [1] - Increased investment in product research and market expansion for proprietary brands has led to a temporary rise in operational costs, impacting profitability [1] Financial Adjustments - The company has made provisions for expected credit losses on financial assets, contributing to the increased loss [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。 Doumob 豆 盟 科 技 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1917） 盈利預警 本公告乃由豆盟科技有限公司（「本公司」，連同其附屬公司統稱「本集團」）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條及香港法例第571章證券及期貨條 例第XIVA部的內幕消息條文（定義見上市規則）作出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東及潛在投資者，基於本集團管理 層對本集團截至2025年6月30日止六個月的最新未經審核綜合管理賬目的初步評估，現時 預期(i)截至2025年6月30日止六個月的收益將介乎約人民幣18.0百萬元至人民幣19.0百萬元， 而去年同期的收益約為人民幣20.2百萬元；及(ii)截至2025年6月30日止六個月的淨虧損將 介乎約人民幣11.5百萬元至人民幣12.5百萬元，而去年同期的淨虧損約為 ...

Financial Performance - Doumob reported a revenue of approximately $100 million for the fiscal year 2024, representing a year-over-year increase of 25%[2]. - The company reported a revenue of HK$1.2 billion for the year ended December 31, 2024, representing a year-on-year increase of 15%[10]. - The company has provided a revenue guidance of HK$1.5 billion for the next fiscal year, indicating a projected growth of 25%[10]. - In 2024, the Group's revenue decreased by 22.4% year-on-year to RMB 58.4 million, while the gross profit margin improved to 28.6% from 28.3% in 2023[28]. - Total revenue for the year was RMB 58.4 million, down 22.4% compared to the previous year[97]. - The total Gross Merchandise Volume (GMV) for the year was approximately RMB 1.8 billion, a year-on-year decrease of 10%[86]. User Growth and Engagement - The user base grew to 5 million active users, an increase of 40% compared to the previous year[3]. - User data showed a growth of 25% in active users, reaching 5 million by the end of the reporting period[10]. - A new partnership with a leading telecom provider is expected to increase user engagement by 30% over the next year[10]. Research and Development - The company is investing $10 million in R&D for new product development, focusing on AI-driven advertising solutions[3]. - Investment in R&D increased by 30%, totaling HK$300 million, focusing on new product development and technology enhancements[10]. - The company aims to enhance efficiency through AI-driven strategies across all areas, optimizing operational strategies in real-time[93]. Market Expansion and Strategy - Doumob plans to expand its market presence in Southeast Asia, targeting a 15% market share by 2025[3]. - The company plans to expand its market presence in Southeast Asia, targeting a 20% market share within the next two years[10]. - The company is exploring strategic partnerships with major brands to enhance its service offerings and increase revenue streams[3]. Acquisitions and Investments - The company has completed the acquisition of a local tech startup for $5 million to enhance its technological capabilities[3]. - A strategic acquisition of a local tech firm was completed, expected to enhance the company's technological capabilities and user base by 15%[10]. Financial Management and Cost Control - Doumob's gross margin improved to 60%, up from 55% in the previous year, indicating better cost management[3]. - The gross margin improved to 45%, up from 40% in the previous year, due to cost optimization strategies[10]. - The company aims to reduce operational costs by 10% through efficiency improvements in the supply chain[10]. - The gross profit margin for the reporting period was 28.6%, slightly up from 28.3% in 2023[86]. Leadership and Governance - Mr. Yang Bin, aged 46, serves as the Chairman, executive Director, and co-CEO since March 26, 2018, responsible for overall management and strategic planning[43]. - The Company has a strong leadership team with diverse backgrounds in technology, finance, and business management, enhancing its strategic capabilities[44][50]. - The Board consists of seven Directors, including three executive Directors, one non-executive Director, and three independent non-executive Directors, ensuring a strong independence element[156]. Corporate Governance - The Company is committed to maintaining high standards of corporate governance and has complied with all applicable code provisions, except for a deviation regarding the separation of roles of chairman and CEO[149][150]. - The Company has adhered to the corporate governance code and maintained high levels of corporate governance, with compliance noted for the year ending December 31, 2024[152]. - The Board is responsible for overseeing the Group's businesses, strategic decisions, and performance, promoting the Company's success[155]. Challenges and Market Conditions - The overall sluggish consumer willingness and intensified industry competition posed challenges to the growth of the live-broadcasting e-commerce business[102]. - The live-broadcasting e-commerce market growth rate slowed to 18% in 2024, down from 35% in 2023, with platform traffic costs increasing by 23% year-on-year[79].