Tian Ge Interactive Holdings Limited （於開曼群島註冊成立的有限公司） 天 鴿 互 動 控 股 有 限 公 司 （股份代號：1980） 盈利警告 天鴿互動控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據香港法例 第571章《證券及期貨條例》第XIVA部項下內幕消息條文（定義見香港聯合交易所有 限公司證券上市規則（「上市規則」））及上市規則第13.09(2)(a)條作出本公告。 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，根據對本 集團截至2025年6月30日止六個月（「有關期間」）的最新可得未經審核綜合管理賬目 （「管理賬目」）及董事會現時可得資料的初步評估，預期本公司(i)於有關期間錄得收 益約人民幣32.4百萬元，而截至2024年6月30日止六個月的收益則約人民幣5.3百萬元； 及(ii)於有關期間錄得股東應佔淨虧損約人民幣22.4百萬元，而截至2024年6月30日 止六個月則為股東應佔淨溢利約人民幣44.1百萬元。 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 ...

Group 1 - The company, Tian Ge Interactive (01980.HK), announced that it will hold a board meeting on August 29, 2025, to consider and approve the interim results for the six months ending June 30, 2025, and to discuss the potential distribution of an interim dividend, if any [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通告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本通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。 Tian Ge Interactive Holdings Limited （於開曼群島註冊成立的有限公司） 天 鴿 互 動 控 股 有 限 公 司 （股份代號：1980） 董事會會議通告 天鴿互動控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二零 二五年八月二十九日（星期五）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 於本通告日期，本公司執行董事為傅政軍先生及麥世恩先生；本公司非執行董事為 曹菲女士；而本公司獨立非執行董事為謝銘麟先生、王明春先生及林益文先生。 天鴿互動控股有限公司 主席 傅政軍 香港，二零二五年八月十九日 ...

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: 天鴿互動控股有限公司 呈交日期: 2025年8月5日 本月底法定/註冊股本總額： USD 300,000 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 01980 | 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 | | | 1,112,590,162 | | 0 | | 1,112,590,162 | | 增加 / 減少 (-) | | | -3,200,000 | | 0 | | | | 本月底結存 | | | 1,109,390,162 | | ...

Group 1 - The article provides a list of companies listed on the Hong Kong stock market along with their dividend distribution dates and shareholder meeting dates [1][4][5] - Notable companies mentioned include China Railway, Green Town China, and Budweiser APAC, which are scheduled for dividend payments [4][5] - The document outlines various companies' actions regarding capital increases and dividend distributions, indicating ongoing corporate activities in the market [4][5]

[Supplemental Announcement: Regarding Annual Reports from 2020 to 2024](index=1&type=section&id=%E8%A3%9C%E5%85%85%E5%85%AC%E5%91%8A%EF%BC%9A%E6%9C%89%E9%97%9C2020%E5%B9%B4%E8%87%B32024%E5%B9%B4%E5%B9%B4%E5%A0%B1) [Supplemental Information on the 2020 Annual Report](index=1&type=section&id=(1)%20%E6%9C%89%E9%97%9C2020%E5%B9%B4%E5%B9%B4%E5%A0%B1%E4%B9%8B%E8%A3%9C%E5%85%85%E8%B3%87%E6%96%99) This announcement supplements the remuneration details for CEO Mr. Zhao Weiwen in FY2020, whose total compensation was RMB 514,000 - This announcement provides supplementary remuneration information for a non-director chief executive officer not fully disclosed in the 2020 Annual Report[5](index=5&type=chunk) Remuneration Details for CEO Mr. Zhao Weiwen in FY2020 (RMB in thousands) | Name | Salary | Discretionary Bonus | Other Benefits | Pension Contribution | Total | | :--- | :--- | :--- | :--- | :--- | :--- | | Mr. Zhao Weiwen | 340 | 144 | 23 | 7 | 514 | [Supplemental Information on the 2021 Annual Report](index=2&type=section&id=(2)%20%E6%9C%89%E9%97%9C2021%E5%B9%B4%E5%B9%B4%E5%A0%B1%E4%B9%8B%E8%A3%9C%E5%85%85%E8%B3%87%E6%96%99) This announcement supplements the remuneration details for CEO Mr. Zhao Weiwen in FY2021, whose total compensation increased to RMB 665,000 - This announcement provides supplementary remuneration information for a non-director chief executive officer not fully disclosed in the 2021 Annual Report[8](index=8&type=chunk) Remuneration Details for CEO Mr. Zhao Weiwen in FY2021 (RMB in thousands) | Name | Salary | Discretionary Bonus | Other Benefits | Pension Contribution | Total | | :--- | :--- | :--- | :--- | :--- | :--- | | Mr. Zhao Weiwen | 465 | 135 | 35 | 30 | 665 | [Supplemental Information on the 2022 Annual Report](index=3&type=section&id=(3)%20%E6%9C%89%E9%97%9C2022%E5%B9%B4%E5%B9%B4%E5%A0%B1%E4%B9%8B%E8%A3%9C%E5%85%85%E8%B3%87%E6%96%99) This announcement supplements the remuneration details for CEO Mr. Zhao Weiwen in FY2022, whose total compensation grew significantly to RMB 936,000 - This announcement provides supplementary remuneration information for a non-director chief executive officer not fully disclosed in the 2022 Annual Report[13](index=13&type=chunk) Remuneration Details for CEO Mr. Zhao Weiwen in FY2022 (RMB in thousands) | Name | Salary | Discretionary Bonus | Other Benefits | Pension Contribution | Total | | :--- | :--- | :--- | :--- | :--- | :--- | | Mr. Zhao Weiwen | 476 | 380 | 36 | 44 | 936 | [Supplemental Information on the 2023 Annual Report](index=4&type=section&id=(4)%20%E6%9C%89%E9%97%9C2023%E5%B9%B4%E5%B9%B4%E5%A0%B1%E4%B9%8B%E8%A3%9C%E5%85%85%E8%B3%87%E6%96%99) This announcement provides supplementary remuneration data for CEO Mr. Zhao Weiwen for FY2023, presented for comparison in the FY2024 section - This announcement provides supplementary remuneration information for a non-director chief executive, with specific data presented for comparison in the FY2024 supplement[14](index=14&type=chunk) - The total remuneration for CEO Mr. Zhao Weiwen in FY2023 was **RMB 744,000**[22](index=22&type=chunk) [Supplemental Information on the 2024 Annual Report](index=5&type=section&id=(5)%20%E6%9C%89%E9%97%9C2024%E5%B9%B4%E5%B9%B4%E5%A0%B1%E4%B9%8B%E8%A3%9C%E5%85%85%E8%B3%87%E6%96%99) This announcement amends and provides full disclosure of the remuneration for directors and chief executives for FY2024 and FY2023 for comparison [Remuneration of Directors and Chief Executive for FY2024](index=5&type=section&id=%E6%88%AA%E8%87%B32024%E5%B9%B412%E6%9C%8831%E6%97%A5%E6%AD%A2%E5%B9%B4%E5%BA%A6%E8%96%AA%E9%85%AC) This section details the FY2024 remuneration for all directors and the chief executive, with total compensation amounting to RMB 6,183,000 Remuneration Details for Directors and Chief Executive in FY2024 (RMB in thousands) | Name | Position | Fees | Salary | Discretionary Bonus | Other Benefits | Pension Contribution | Total | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Mr. Fu Zhengjun | Executive Director | – | 2,051 | 1,678 | 89 | 26 | 3,844 | | Mr. Mai Shi'en | Executive Director | – | 625 | 201 | 24 | 59 | 909 | | Ms. Cao Fei | Non-executive Director | 137 | – | – | – | – | 137 | | Mr. Xiong Xiangdong | Non-executive Director | 137 | – | – | – | – | 137 | | Mr. Tse Ming Lin | Independent Non-executive Director | 137 | – | – | – | – | 137 | | Mr. Wang Mingchun | Independent Non-executive Director | 137 | – | – | – | – | 137 | | Mr. Chan Wing Yuen | Independent Non-executive Director | 137 | – | – | – | – | 137 | | Mr. Zhao Weiwen | Chief Executive Officer | – | 665 | – | 35 | 45 | 745 | | **Total** | | **685** | **3,341** | **1,879** | **148** | **130** | **6,183** | [Remuneration of Directors and Chief Executive for FY2023 (Comparative Data)](index=6&type=section&id=%E6%88%AA%E8%87%B32023%E5%B9%B412%E6%9C%8831%E6%97%A5%E6%AD%A2%E5%B9%B4%E5%BA%A6%E8%96%AA%E9%85%AC) This section details the FY2023 remuneration for all directors and the chief executive for comparison, with total compensation amounting to RMB 5,747,000 Remuneration Details for Directors and Chief Executive in FY2023 (RMB in thousands) | Name | Position | Fees | Salary | Discretionary Bonus | Other Benefits | Pension Contribution | Total | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Mr. Fu Zhengjun | Executive Director | – | 1,500 | 1,795 | 93 | 38 | 3,426 | | Mr. Mai Shi'en | Executive Director | – | 640 | 180 | 24 | 59 | 903 | | Ms. Cao Fei | Non-executive Director | 135 | – | – | – | – | 135 | | Mr. Xiong Xiangdong | Non-executive Director | 135 | – | – | – | – | 135 | | Mr. Tse Ming Lin | Independent Non-executive Director | 135 | – | – | – | – | 135 | | Mr. Wang Mingchun | Independent Non-executive Director | 101 | – | – | – | – | 101 | | Mr. Chan Wing Yuen | Independent Non-executive Director | 135 | – | – | – | – | 135 | | Mr. Yang Wenbin | Independent Non-executive Director | 33 | – | – | – | – | 33 | | Mr. Zhao Weiwen | Chief Executive Officer | – | 665 | – | 35 | 44 | 744 | | **Total** | | **674** | **2,805** | **1,975** | **152** | **141** | **5,747** | [Conclusion](index=8&type=section&id=%E7%B5%90%E8%AB%96) This supplemental announcement should be read in conjunction with the original annual reports from 2020 to 2024, as all other information remains unchanged - This is a supplemental announcement intended to clarify and complete information disclosures in past annual reports, particularly regarding executive remuneration[24](index=24&type=chunk)

Core Insights - On June 3, 40 Hong Kong-listed companies conducted share buybacks, totaling 27.7357 million shares and an aggregate amount of HKD 1.079 billion [1][2] - Tencent Holdings led the buybacks with 994,000 shares repurchased for HKD 500 million, bringing its total buyback amount for the year to HKD 27.031 billion [1][2] - AIA Group followed with a buyback of 6 million shares for HKD 403 million, and Kuaishou-W repurchased 2 million shares for HKD 102 million [1][2] Buyback Details - Tencent Holdings: - Shares repurchased: 994,000 - Buyback amount: HKD 500 million - Highest price: HKD 505.000 - Lowest price: HKD 501.000 - Year-to-date total buyback: HKD 27.031 billion [2] - AIA Group: - Shares repurchased: 6 million - Buyback amount: HKD 403 million - Highest price: HKD 67.650 - Lowest price: HKD 66.550 - Year-to-date total buyback: HKD 11.412 billion [2] - Kuaishou-W: - Shares repurchased: 2 million - Buyback amount: HKD 102 million - Highest price: HKD 51.350 - Lowest price: HKD 50.950 - Year-to-date total buyback: HKD 1.911 billion [2] Other Notable Buybacks - Other companies with significant buybacks include: - Hengan International: 600,000 shares for HKD 13.13 million - China Eastern Airlines: 200,000 shares for HKD 592,760 [2] - The total buyback activity reflects a trend among companies to return capital to shareholders amid market conditions [1][2]

Core Viewpoint - Tian Ge Interactive (01980.HK) reported a significant turnaround in its financial performance for the year ending December 31, 2024, achieving a revenue of 10.16 million RMB and a net profit of 20 million RMB, compared to a loss of 135 million RMB in the previous year [1][2][3]. Financial Performance - Revenue for 2024 was 10.16 million RMB, a decrease from 67.62 million RMB in 2023 [2]. - The company reported a gross profit of 8.1 million RMB, with a gross profit margin of 79.8%, down from 87.0% in the previous year [2]. - Net profit reached 19.92 million RMB, marking a net profit margin of 196.0%, a significant recovery from a net loss margin of 199.7% in 2023 [2]. - Earnings per share improved to 0.018 RMB from a loss of 0.114 RMB per share in the previous year [2]. Investment Strategy and Portfolio - The company has strategically invested in high-growth potential sectors, including social reasoning games, Southeast Asian e-commerce, and short video content in India, which contributed to its improved financial performance [3][5]. - As of December 31, 2024, Tian Ge Interactive's financial assets totaled 1.757 billion RMB, with significant holdings in fund investments, private investments, and wealth management products [6][7]. - The company’s investment portfolio includes stakes in emerging technology companies, which are expected to yield substantial returns due to their innovative business models and strong market potential [23][24]. Market Position and Valuation - Despite the positive financial results, the company's market capitalization is currently undervalued at approximately 662 million HKD (about 607 million RMB), compared to the average price-to-book ratio of 0.85 for the investment and asset management sector [8]. - The company’s cash and cash equivalents stood at 467 million RMB, indicating a strong liquidity position [8]. - The market perception of Tian Ge Interactive remains focused on its traditional live-streaming business, overlooking the hidden value in its technology investments, particularly in AI-related assets [25].

Summary of Key Points Core Viewpoint - On May 19, 38 Hong Kong-listed companies conducted share buybacks, totaling 38.39 million shares and an aggregate amount of HKD 831 million [1][2]. Group 1: Buyback Details - Tencent Holdings repurchased 979,000 shares for HKD 500 million, with a highest price of HKD 516.50 and a lowest price of HKD 503.00, bringing its total buyback amount for the year to HKD 21.53 billion [1][2]. - AIA Group repurchased 2.34 million shares for HKD 154 million, with a highest price of HKD 66.40 and a lowest price of HKD 64.75, totaling HKD 8.93 billion in buybacks for the year [1][2]. - China COSCO Shipping repurchased 5.56 million shares for HKD 79.36 million, with a highest price of HKD 14.40 and a lowest price of HKD 14.12, accumulating HKD 3.83 billion in buybacks for the year [1][2]. Group 2: Buyback Rankings - The highest buyback amount on May 19 was from Tencent Holdings at HKD 500 million, followed by AIA Group at HKD 154 million [1][2]. - In terms of share quantity, the largest buyback was conducted by Jieli Trading at 9.18 million shares, followed by China COSCO Shipping at 5.56 million shares and NetEase Technology at 4.67 million shares [1][2]. Group 3: Additional Buyback Information - Country Garden Services conducted its first buyback of the year, while Tencent Holdings has made multiple buybacks totaling HKD 21.53 billion [2][3]. - A detailed table of buybacks on May 19 includes various companies, their respective buyback shares, amounts, highest and lowest prices, and cumulative buyback amounts for the year [2][3].

Group 1 - The article reports on share buybacks conducted by various companies on May 12, 2025, with AIA Group (01299) having the largest buyback amount of 1.25 billion, purchasing 2 million shares [1][2] - Other notable buybacks include China COSCO Shipping Holdings (01919) with 4.21 million shares bought back for 53.77 million, and Times Electric (03898) with 1.43 million shares for 47.22 million [2][3] - The total number of shares repurchased by AIA Group in the year reached 5.93 billion, accounting for 5.276% of its total share capital [2] Group 2 - China Hongqiao Group (01378) repurchased 1.13 million shares for 15.96 million, representing only 0.380% of its total share capital [2] - Swire Properties (00019) bought back 181,000 shares for 12.67 million, with a total annual repurchase of 5.56 million shares, which is 6.652% of its total [2] - The buyback activity reflects a trend among companies to utilize excess cash for share repurchases, potentially signaling confidence in their financial health [1][2]