Group 1 - The core point of the announcement is that GF Fund Management Co., Ltd. has decided to lift the subscription limit for the GF SSE STAR Market Growth ETF Linked Fund to meet investor demand, effective from August 28, 2025 [2][4] - The previous limit restricted investors to a maximum of 100.00 yuan per day for subscriptions, which was suspended on August 27, 2025, to protect the interests of fund shareholders [2][4] - The resumption of large subscriptions, including conversions and both regular and irregular investments, is aimed at fulfilling the investment needs of investors [4] Group 2 - The fund name is GF SSE STAR Market Growth ETF Linked Fund, with the main code being 019785 [4] - The announcement is based on the fund contract and the prospectus of the GF SSE STAR Market Growth ETF Linked Fund [4] - The resumption of large subscription and conversion activities will also take effect on August 28, 2025 [4]

Core Viewpoint - The company expects a significant reduction in shareholder losses for the six months ending June 30, 2025, with anticipated losses not exceeding 1 million HKD, compared to approximately 26.5 million HKD for the same period in 2024 [1] Financial Performance - The expected decrease in shareholder losses is attributed to increased revenue and gross profit, driven by the optimization of the restaurant network and the introduction of new concepts and diversified brand development [1] - The company has seen a reduction in impairment provisions related to properties, plants, equipment, and right-of-use assets associated with underperforming stores, contributing positively to the financial outlook [1] Strategic Initiatives - The company has actively optimized its store portfolio, making decisive adjustments to underperforming locations and innovating the menu to adapt to changing market conditions, thereby enhancing customer experience and competitiveness [1] - The company has closely monitored market conditions and adjusted business strategies, implementing various proactive measures to enhance brand diversification and reduce costs, including negotiating rent reductions with landlords, improving supplier terms, and launching diverse promotional activities [1] - Effective management of working capital has been a priority to ensure healthy cash flow [1]

Core Viewpoint - The company expects to record a shareholder loss of no more than HKD 1 million for the six months ending June 30, 2025, a significant improvement compared to a loss of approximately HKD 26.5 million for the same period ending June 30, 2024 [1] Group 1: Financial Performance - The anticipated reduction in shareholder loss is attributed to an increase in revenue and gross profit, driven by the company's efforts to optimize its restaurant network and diversify its brand portfolio through the introduction of new concepts [1] - The company recorded a decrease in impairment provisions related to properties, plants, equipment, and right-of-use assets associated with underperforming stores during the review period, primarily due to improved revenue performance [1] Group 2: Strategic Initiatives - The company has actively optimized its store portfolio by decisively adjusting underperforming locations and innovating its menu to adapt to changing market dynamics, enhancing customer experience and competitiveness [1]

Core Viewpoint - The company anticipates a significant reduction in shareholder losses for the six months ending June 30, 2025, projecting a loss of no more than 1 million HKD compared to a loss of approximately 26.5 million HKD for the same period in 2024 [1] Group 1: Financial Performance - The expected decrease in shareholder losses is attributed to increased revenue and gross profit, driven by the optimization of the restaurant network and the introduction of new concepts and diversified brand development [1] - The reduction in impairment provisions related to properties, plants, equipment, and right-of-use assets for underperforming stores contributed positively to the financial outlook [1] Group 2: Strategic Initiatives - The company has actively adjusted its business strategies in response to market conditions, implementing various proactive measures to enhance brand diversification and reduce costs [1] - Strategies include introducing and developing suitable new brands for the market, negotiating rent reductions with landlords, improving supplier terms, and launching diverse promotional activities [1] - Effective management of working capital has been emphasized to ensure healthy cash flow [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，概不會就本公告全部或任何部分內容而產生或因倚賴該 等內容而引致之任何損失承擔任何責任。 LH GROUP LIMITED 叙福樓集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：1978） 盈利預告 — 虧損減少 本公告由叙福樓集團有限公司（「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(2)(a)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）而刊發。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，根 據對本集團截至二零二五年六月三十日止六個月（「本回顧期間」）的未經審核綜合管 理賬目之初步審閱及董事會目前可獲得資料，本集團預期於本回顧期間將錄得股東 應佔虧損不多於1.0百萬港元，而截至二零二四年六月三十日止六個月股東應佔虧 損則約為26.5百萬港元。 根據董事會目前可獲取的資料，董事會認為本回顧期間股東應佔預期虧損減少的原 因主要歸因於以下因 ...

Group 1 - The company will hold a board meeting on August 28, 2025, to review and approve its interim results for the six months ending June 30, 2025, and to consider the proposal for an interim dividend, if any [1] - The company reported a 17.3% year-on-year decrease in revenue for 2024, amounting to HKD 1.056 billion [1]

董事會會議通告 叙福樓集團有限公司(「本公司」)董事(「董事」)會(「董事會」)謹此宣佈, 本公司將於二零二五年八月二十八日(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二零二五年六月三十日止六個月之中期 業績及其發佈, 並考慮派發中期股息(如有)。 承董事會命 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，概不會就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之任何損失承擔任何責任 。 LH GROUP LIMITED 叙福樓集團有限公司 （於開曼群島註冊成立的有限公司） (股份代號：1978) 主席 黃傑龍 教授，銅紫荊星章，太平紳士 香港，二零二五年八月十五日 於本公告日期，董事會由以下人士組成，執行董事為黃傑龍 教授，銅紫荊星章，太平紳士 及高秀芝女士；及獨立非執行董事為單日堅先生 銀紫荊星章，香港懲教事務卓越獎章，太平 紳士 、洪爲民 教授，太平紳士 及麥錦釗先生。 叙福樓集團有限公司 ...

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7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: 叙福樓集團有限公司 呈交日期: 2025年8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) | 01978 | 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 | | | 4,000,000,000 | HKD | | 0.1 | HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.1 | HKD | | 400,000,000 | 本月底法定/註 ...

Core Viewpoint - The sudden closure of the Hong Kong chain restaurant giant Jing Le Group reflects a broader trend of restaurant closures in the region, with over 20 chain brands shutting down in the past six months, including long-established establishments [3][4]. Group 1: Closure Trend - A wave of restaurant closures is sweeping through Hong Kong, with notable brands like "Sea Emperor Congee" and "Golden Milk Pudding" announcing their shutdowns due to deteriorating operating conditions and financial crises [4][5][6]. - International brands are also exiting the market, such as the Thai dessert brand After You Dessert Café and the Japanese ramen brand "Kintan," which closed their last locations in Hong Kong [8][10]. - The survival challenges are particularly acute for small and medium-sized restaurants, with many reporting rapid closures due to poor business conditions [11][12]. Group 2: Causes of Closure - High rental costs are a significant challenge for restaurant operators in Hong Kong, with many citing rent increases as a primary reason for their closures [14][15]. - Changes in consumer behavior, including a trend of Hong Kong residents shopping and dining in mainland China, have negatively impacted local restaurant revenues. For instance, the number of Hong Kong residents traveling to mainland China surged by over 50% compared to 2023 [18][19]. - The average spending of visitors to Hong Kong has decreased, with overall tourist spending dropping by 20% from the previous year, further squeezing the local dining market [19][20]. Group 3: Market Dynamics - The Hong Kong restaurant market is experiencing an oversupply, with the number of restaurants remaining stable compared to 2023 but exceeding pre-pandemic levels by 11% [22][26]. - This oversupply, combined with declining demand due to consumer spending shifts, has led to intensified competition and a wave of closures [27][28]. - Experts predict that up to 2,000 more restaurants may need to close to realign with the market conditions that existed before the pandemic, indicating a necessary market correction process [28].

Group 1 - The core viewpoint is that the recent closure of the Jing Le Group reflects a broader trend of restaurant closures in Hong Kong, with over 20 chain brands shutting down in the past six months, including long-established ones [1][2][3] - The closure of well-known brands such as "Hai Huang Congee Shop" and "Kam Cheong Steamed Milk" highlights the deteriorating business environment and financial crises faced by the industry [4][5] - The trend is not limited to local brands; international brands like "After You Dessert Café" and "Kintan" have also exited the Hong Kong market, indicating a widespread issue [9][10] Group 2 - High rental costs are identified as a significant challenge for restaurant operators in Hong Kong, with many citing increased rent as a reason for closure [16][18] - Changes in consumer behavior, including a shift towards spending in mainland China and a decline in spending by visitors to Hong Kong, have negatively impacted local restaurant revenues [20][21][30] - The number of restaurants in Hong Kong has not decreased despite the drop in demand, leading to an oversupply situation that exacerbates competition and contributes to the closure trend [33][34][45] Group 3 - The current oversupply in the restaurant market is attributed to a mismatch between supply and demand, with many new establishments opening during a period of increased local consumption that has since declined [36][43] - It is projected that up to 2,000 more restaurants may need to close to align with the pre-pandemic market conditions, indicating a necessary market correction [46][47] - The ongoing closures are viewed as a natural market adjustment process, where weaker businesses are eliminated, allowing for a potential rebalancing of the industry [47]