(Incorporated in the Cayman Islands with limited liability) (Incorporated in the Cayman Islands with limited liability) (Stock Code: 2080) （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （Stock Code 股 份 代 號：2080） NOTIFICATION LETTER 通知信函 Should you have any queries relating to this notification, please call the Branch Share Registrar's telephone hotline at (852) 2980 1333 from 9:00 a.m. to 6:00 p.m., Monday to Friday (excluding public holidays). By order of the Board Aux International Holdings Limited Zheng Jiang Chairman No ...

(Incorporated in the Cayman Islands with limited liability) (Incorporated in the Cayman Islands with limited liability) (Stock Code: 2080) （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （Stock Code 股 份 代 號：2080） NOTIFICATION LETTER 通知信函 The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.auxint.com and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") at www.hkexnews.hk respectively (the "Website Version"). The Company s ...

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。 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股 份 代 號：2080） 股東週年大會通告 茲通告 奧 克 斯 國 際 控 股 有 限 公 司（「本 公 司」）謹 訂 於 二 零 二 五 年 八 月 二 十 二 日（星 期 五）中 午 十 二 時 正 假 座 香 港 上 環 德 輔 道 中199號無限極廣場6 樓 舉 行 股 東 週 年 大 會（「股 東 週 年 大 會」），藉 以 處 理 下 列 事 項： 普通事項 – 1 – 1. 省 覽、考 慮 及 採 納 本 公 司 及 其 附 屬 公 司 截 至 二 零 二 五 年 三 月 三 十 一 日 止 年 度 的 經 審 核 綜 合 財 務 報 表 及 本 公 司 董 事（「董 事」）會 報告及本公司核數師報告。 2. (a) 重選沈國英女士為執行董事； (b) 重選陳凌曉女士為執行董事； (c) 重選潘昭國先生為獨立非執行董事； ...

此乃要件 請即處理 閣下如 對 本 通 函 各 方 面 或 應 採 取 的 行 動 有 任 何 疑 問，應 諮 詢 閣下的持牌 證券商或註冊證券機構、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓 名 下 所 有 奧 克 斯 國 際 控 股 有 限 公 司 的 股 份，應 立 即 將 本通函連同隨附的代表委任表格交予買主或承讓人或經手買賣或轉讓的持 牌證券商或註冊證券機構或其他代理商，以便轉交買主或承讓人。 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函的內容概 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 就 因 本 通函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：2080） 建議授出發行股份及 購回股份的一般授權、 重選董事 及 股東週年大會通告 奧 克 斯 國 際 控 股 有 限 公 司 謹 訂 於 二 零 二 五 年 八 月 二 十 二 日（星 期 五）中 午 十二時正假座香港上環德輔道中199號無限極廣 ...

(Incorporated in the Cayman Islands with limited liability) 於開曼群島註冊成立的有限公司 STOCK CODE 股份代號 : 2080 ANNUAL REPORT 年度報告 Contents 目錄 2 Corporate Information 公司資料 4 Chairman's Statement 主席報告 8 Management Discussion and Analysis 管理層討論與分析 15 Biographical Details of Directors and Senior Management 董事及高級管理層之簡歷 19 Corporate Governance Report 企業管治報告 37 Environmental, Social and Governance Report 環境、社會及管治報告 98 Report of the Directors 董事會報告 114 Independent Auditor's Report 獨立核數師報告 122 Consolidated Statement of Profit or ...

[Financial Highlights](index=2&type=section&id=Financial%20Highlights) Overall profit increased significantly due to narrowed losses from discontinued operations, despite a slight decline in continuing operations revenue and profit [Consolidated Statement of Profit or Loss](index=2&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss) Overall profit increased significantly due to narrowed losses from discontinued operations, despite a slight decline in continuing operations revenue and profit Consolidated Statement of Profit or Loss Key Data (HKD thousands) | Indicator | 2025 | 2024 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Revenue from Continuing Operations** | 330,625 | 363,849 | -9.1% | | Profit Before Tax | 41,843 | 44,345 | -5.6% | | Profit from Continuing Operations | 26,470 | 29,182 | -9.3% | | Loss from Discontinued Operations | (2,466) | (12,461) | +80.2% | | **Profit for the Year** | **24,004** | **16,721** | **+43.6%** | | Basic Earnings Per Share | 4.9 HK cents | 3.4 HK cents | +44.1% | - Despite a decline in revenue and profit from continuing operations, the company's overall profitability significantly improved due to a substantial reduction in losses from the discontinued Hong Kong lifestyle and entertainment business, from **HKD 12.461 million** to **HKD 2.466 million**[3](index=3&type=chunk)[57](index=57&type=chunk) [Consolidated Statement of Financial Position](index=5&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) Net assets increased by 9.0% to HKD 251 million, driven by reduced liabilities, though the current ratio declined from 2.5x to 1.5x Consolidated Statement of Financial Position Key Data (HKD thousands) | Indicator | 2025 | 2024 | Change | | :--- | :--- | :--- | :--- | | Non-current Assets | 126,871 | 80,244 | Increase | | Current Assets | 396,538 | 448,872 | Decrease | | **Total Assets** | **523,409** | **529,116** | **-1.1%** | | Current Liabilities | 264,094 | 178,420 | Increase | | Non-current Liabilities | 8,596 | 120,734 | Decrease | | **Total Liabilities** | **272,690** | **299,154** | **-8.8%** | | **Net Assets** | **250,719** | **229,962** | **+9.0%** | - The significant reduction in non-current liabilities was primarily due to the repayment of a portion of loans from the controlling shareholder, with the loan balance decreasing from **HKD 105 million** to **zero**[8](index=8&type=chunk)[51](index=51&type=chunk) - The current ratio (current assets/current liabilities) decreased from approximately **2.5 times** in the prior year to approximately **1.5 times** in the current year[65](index=65&type=chunk) [Segment and Business Analysis](index=8&type=section&id=Segment%20and%20Business%20Analysis) Property management remains core with stable revenue, while related value-added services contracted and discontinued operations losses narrowed [Segment Performance](index=8&type=section&id=Segment%20Performance) Property management remains core with stable revenue, while related value-added services contracted and discontinued operations losses narrowed Revenue and Adjusted EBITDA by Segment (HKD thousands) | Segment (Region) | Revenue (2025) | Revenue (2024) | Adjusted EBITDA (2025) | Adjusted EBITDA (2024) | | :--- | :--- | :--- | :--- | :--- | | **Continuing Operations** | | | | | | Property Management (Mainland China) | 295,132 | 298,300 | 52,506 | 49,109 | | Related Value-Added Services (Mainland China) | 35,493 | 65,549 | 3,024 | 2,339 | | **Subtotal** | **330,625** | **363,849** | **55,530** | **51,448** | | **Discontinued Operations** | | | | | | Lifestyle and Entertainment (Hong Kong) | – | 14,968 | (2,455) | (12,977) | | **Total** | **330,625** | **378,817** | **53,075** | **38,471** | - The significant decrease in revenue from property management related value-added services is due to the company's decision to reallocate resources from the labor-intensive home furnishing retail business to focus on providing high-value services to property owners[60](index=60&type=chunk) [Continuing Operations Analysis](index=20&type=section&id=Continuing%20Operations) Property management showed resilience, increasing total contracted GFA from 9.2 million to 9.6 million sqm by optimizing its project portfolio - The decrease in the number of managed projects but increase in total contracted GFA reflects the company's strategy of optimizing its project portfolio and focusing on higher-value contracts, such as industrial park management[58](index=58&type=chunk)[59](index=59&type=chunk) - Revenue from the property management segment was approximately **HKD 295 million**, a modest decrease compared to **HKD 298 million** in the previous fiscal year, indicating business stability[59](index=59&type=chunk) [Discontinued Operations Analysis](index=18&type=section&id=Discontinued%20Operations) Termination of Hong Kong lifestyle business completed, significantly narrowing its loss from HKD 12.461 million to HKD 2.466 million - Given the unfavorable business outlook, the Board decided not to renew leases upon expiry and terminated the Hong Kong lifestyle and entertainment business to optimize resource allocation and focus on core operations[54](index=54&type=chunk)[57](index=57&type=chunk) Financial Performance of Discontinued Operations (HKD thousands) | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Revenue | – | 14,968 | | Loss Before Tax | (2,466) | (12,461) | | Loss for the Year | (2,466) | (12,461) | [Management Discussion and Analysis](index=20&type=section&id=Management%20Discussion%20and%20Analysis) Management noted challenging conditions from China's real estate downturn, strategically terminating Hong Kong lifestyle business to focus on core operations [Overall Performance Review](index=20&type=section&id=Overall%20Performance%20Review) Management noted challenging conditions from China's real estate downturn, strategically terminating Hong Kong lifestyle business to focus on core operations - The company's main challenge is the continuous cooling of China's real estate market, leading to fewer new development projects and adversely affecting the property management business[56](index=56&type=chunk) - The termination of the Hong Kong lifestyle and entertainment business is a strategic transformation aimed at optimizing resource allocation and strengthening strategic focus on core business areas in China[57](index=57&type=chunk) [Cost and Expense Analysis](index=21&type=section&id=Cost%20and%20Expense%20Analysis) Costs controlled via project optimization and outsourcing, reducing cleaning and staff costs, but increased security outsourcing raised overall expenses - Property cleaning expenses decreased by **12.9%** year-on-year to **HKD 59.3 million**, primarily due to project portfolio adjustments[61](index=61&type=chunk) - Staff costs decreased by **HKD 6.7 million** year-on-year to **HKD 123.7 million**, mainly due to a reduction in security personnel[62](index=62&type=chunk) - Other operating expenses increased by **24.6%** year-on-year to **HKD 42.6 million**, primarily due to a **HKD 12.3 million** increase in security costs from outsourced security services[64](index=64&type=chunk) [Liquidity and Capital Resources](index=22&type=section&id=Liquidity%20and%20Capital%20Resources) Financial position is stable with improved debt-to-asset ratio (0.3 to 0.2) and no bank borrowings, despite reduced cash and current ratio Liquidity and Capital Structure | Indicator | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Bank Deposits and Cash | Approx. HKD 103.8 million | Approx. HKD 298.7 million | | Current Ratio | Approx. 1.5 times | Approx. 2.5 times | | Debt-to-Asset Ratio | 0.2 | 0.3 | | Total Interest-Bearing Borrowings | Approx. HKD 56.9 million | Approx. HKD 58.4 million | - The company's capital structure includes approximately **HKD 251 million** in equity and **HKD 38.3 million** in controlling shareholder loans, with no interest-bearing bank borrowings[67](index=67&type=chunk) [Outlook and Strategy](index=23&type=section&id=Outlook%20and%20Strategy) The company will continue to focus on property management while exploring investments in diverse industries to expand revenue streams - The company's strategic focus will remain on the property management business, with confidence in maintaining profitability despite industry slowdowns[74](index=74&type=chunk) - The company plans to evaluate the potential to expand revenue streams through investments in various industries, including trade, IT, and brand development, to achieve business diversification[70](index=70&type=chunk) [Corporate Governance and Other Information](index=18&type=section&id=Corporate%20Governance%20and%20Other%20Information) The company confirms compliance with the Corporate Governance Code and the Model Code for Securities Transactions by Directors [Dividend Policy](index=18&type=section&id=Dividend%20Policy) The Board does not recommend paying any dividend for the year ended March 31, 2025, consistent with the prior year - The Board does not recommend paying a final dividend for the current year[53](index=53&type=chunk)[76](index=76&type=chunk) [Corporate Governance and Compliance](index=24&type=section&id=Corporate%20Governance%20and%20Compliance) The company confirms compliance with the Corporate Governance Code and the Model Code for Securities Transactions by Directors - The company has adopted and complied with the provisions of the Corporate Governance Code[77](index=77&type=chunk) - During the current year, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities[79](index=79&type=chunk) [Audit Information](index=25&type=section&id=Audit%20Information) The Audit Committee reviewed financial statements, and KPMG reconciled announced figures with annual statements, noting this is not a full audit - The Audit Committee, comprising three independent non-executive directors, has reviewed the current year's results[80](index=80&type=chunk) - KPMG's scope of work was limited to comparing the financial figures in the announcement with the financial statements and does not provide any assurance opinion on this announcement[81](index=81&type=chunk)

Group 1 - The core viewpoint of the news highlights the recent performance of Aokas International, noting a 9.43% increase in stock price despite a decline in total revenue and a significant increase in net profit [1] - As of June 6, the Hang Seng Index fell by 0.48%, while Aokas International's stock closed at HKD 0.29, with a trading volume of 250,000 shares and a turnover of HKD 71,000 [1] - Aokas International's total revenue for the fiscal year ending September 30, 2024, is projected to be HKD 152 million, a decrease of 11.02% year-on-year, while net profit is expected to be HKD 12.9 million, an increase of 69% [1] Group 2 - The company operates as a comprehensive property service provider, established in July 2008, offering services such as property management, consulting, and cleaning [2] - Aokas International is ranked 33rd among the top 100 property companies in China and is listed on the Hong Kong Stock Exchange [2] - The company manages services across various cities, including Ningbo, Hangzhou, Shanghai, and others, with a focus on residential and commercial properties [2] Group 3 - The average price-to-earnings (P/E) ratio for the real estate industry is 4.9 times, with Aokas International's P/E ratio at 5.79 times, ranking 25th in the industry [1] - Other companies in the industry have significantly lower P/E ratios, such as Baishida Holdings at 0.02 times and Evergrande Group at 1.71 times [1]

Group 1 - The Hang Seng Index fell by 1.35% to close at 23,282.33 points on May 26 [1] - Aokai International (02080.HK) closed at HKD 0.222 per share, up 11.0%, with a trading volume of 156,000 shares and a turnover of HKD 33,700 [1] - Over the past month, Aokai International has seen a cumulative decline of 8.26%, and a year-to-date decline of 19.35%, underperforming the Hang Seng Index by 17.65% [2] Group 2 - As of September 30, 2024, Aokai International reported total revenue of CNY 152 million, a year-on-year decrease of 11.02%, and a net profit attributable to shareholders of CNY 12.9 million, a year-on-year increase of 69% [2] - The gross profit margin for Aokai International is 90.57%, with a debt-to-asset ratio of 54.67% [2] - The average price-to-earnings (P/E) ratio for the real estate industry (TTM) is 4.82 times, with Aokai International's P/E ratio at 4.37 times, ranking 15th in the industry [2] Group 3 - Aokai International Holdings Limited, established in July 2008, is a comprehensive property service company that integrates property management, consulting, and cleaning services [3] - The company holds a national first-class qualification and ranks 33rd among the top 100 property companies in China, being listed in Hong Kong (02080HK) [3] - Aokai International's service system includes residential properties, hospitals, and industrial parks, with management services covering major cities such as Ningbo, Hangzhou, Shanghai, and others [3]

Financial Performance - The Group recorded a net profit of approximately HK$14.3 million for the six months ended September 30, 2024, compared to HK$8.5 million for the same period in 2023, representing an increase of 68.2%[35] - The Group's consolidated profit for the Reporting Period was HK$14.3 million, reflecting a commendable financial turnaround[28] - Profit from continuing operations increased by HK$1.4 million from HK$15.4 million to HK$16.8 million for the six months ended 30 September 2024[47] - The unaudited loss from discontinued operations was approximately HK$2.5 million, a significant reduction from HK$6.9 million for the same period in 2023[47] - The company reported an adjusted EBITDA of 29,841,000 HKD, an increase from 24,827,000 HKD in the previous period, reflecting a growth of approximately 19.5%[197] Business Operations - The cessation of the lifestyle entertainment business contributed significantly to the increase in net profits, with a reported segment loss decreasing during the Reporting Period[28] - The Group's strategic decision to discontinue its lifestyle entertainment business positively impacted overall financial performance during the Reporting Period[28] - The Group has successfully discontinued its lifestyle entertainment operations in Hong Kong, reallocating resources to sectors with better growth prospects[89] - The Group's focus remains on providing property management services and related value-added services in the PRC[39] - The Group is focused on expanding its business scope through property management and associated value-added services[79] Cost Management - Operating costs for property cleaning expenses decreased from approximately HK$33.8 million to HK$29.5 million, a reduction of 12.7%[36] - Utilities and repair and maintenance expenses decreased by 4.8% or HK$0.8 million to approximately HK$16.0 million, attributed to the implementation of an energy-saving program[38] - Property cleaning expenses decreased by HK$4.3 million to approximately HK$29.5 million for the six months ended 30 September 2024[49] - Staff costs decreased by approximately 2.9% or HK$1.9 million to approximately HK$63.0 million for the six months ended 30 September 2024[50] - Other operating expenses increased by approximately 39.3% or HK$5.5 million to approximately HK$19.5 million for the six months ended 30 September 2024[51] Market Challenges - The property management sector in China faced challenges, including a decrease in new contracts and increased operational costs due to the economic environment[28] - The real estate sector in China continued to undergo adjustments, affecting the property management sector's performance[28] - The macroeconomic environment presented challenges, including a slowdown in economic growth and uncertainties in interest rates, impacting the overall market landscape[28] Revenue Streams - Revenue from property management contracts for the six months ended 30 September 2024 was approximately HK$148.4 million, stable compared to HK$148.8 million for the same period in 2023[43][45] - Revenue from property management related value-added services decreased from HK$40.8 million to HK$20.3 million, a decline of approximately 50%[47] - Revenue from club operations, including entrance fees and event rental income, is a key component of the company's overall revenue[199] Financial Position - As of September 30, 2024, the Group's cash and bank deposits amounted to approximately HK$57.9 million, a decrease from HK$298.7 million as of March 31, 2024[68] - Total interest-bearing borrowings as of September 30, 2024, were approximately HK$74.7 million, up from HK$58.4 million as of March 31, 2024[69] - The Group's equity was approximately HK$255.1 million as of September 30, 2024, compared to HK$230.0 million as of March 31, 2024[71] - The current ratio as of September 30, 2024, was 1.7 times, down from 2.5 times as of March 31, 2024[66] - The Group's total current assets were approximately HK$428.2 million as of September 30, 2024, down from HK$448.9 million as of March 31, 2024[66] Shareholder Information - The Group's major shareholder, Zheng Jian Jiang, holds 68.55% of the issued share capital, amounting to 337,950,000 shares[103] - As of September 30, 2024, the company has issued a total of 492,984,000 shares[125] - Ze Hui Limited holds a long position of 337,950,000 ordinary shares, representing approximately 68.55% of the issued share capital[132] - Mr. Zheng Jiang is deemed to be interested in 10% of the issued share capital of Huiri Limited and China Prosper Enterprise Holding Co., Ltd.[128] Corporate Governance - The Company has complied with the Corporate Governance Code during the six months ended September 30, 2024[155] - The Audit Committee reviewed the unaudited consolidated results for the six months ended September 30, 2024, with no disagreements noted[166] - During the six months ended September 30, 2024, neither the Company nor its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[165] Future Plans - Future plans include exploring different business and investment opportunities to diversify income streams, subject to Board approval and compliance with applicable listing rules[75] - The Group remains optimistic about profitability in its property management business despite a slowing real estate market in China[78] Share Option Scheme - The 2024 Share Option Scheme aims to attract and retain talent to promote sustainable development of the group[137] - The 2024 Share Option Scheme is valid for 10 years from February 20, 2024, and aims to incentivize eligible participants for their contributions to the Group[149] - No options were granted under the 2024 Share Option Scheme from its adoption date until the interim report date, with a total of 49,298,400 options still available for grant as of September 30, 2024[163]

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 168,758,000, a decrease of 11% compared to HKD 189,659,000 for the same period in 2023[2] - Operating profit for the period was HKD 25,569,000, an increase of 9.2% from HKD 23,370,000 in the previous year[4] - Profit before tax increased to HKD 24,955,000, up 9.3% from HKD 22,835,000 year-on-year[4] - Net profit attributable to shareholders for the period was HKD 14,309,000, compared to HKD 8,467,000 in the same period last year, representing a significant increase of 68.5%[6] - Earnings per share from continuing operations was HKD 3.4 cents, up from HKD 3.1 cents in the previous year[4] - Total comprehensive income for the period was HKD 25,133,000, compared to a loss of HKD 11,568,000 in the same period last year[6] - The reported segment profit (adjusted EBITDA) for the six months ended September 30, 2024, was HKD 29,841 million, an increase of 20.4% compared to HKD 24,827 million for the same period in 2023[35] - Other income for the same period was HKD 5,315 million, down from HKD 7,306 million in 2023, reflecting a decrease of 27.3%[36] - The financing costs increased to HKD 614 million for the six months ended September 30, 2024, compared to HKD 535 million in 2023, representing a rise of 14.8%[40] - The company reported a net loss of HKD 2,466,000 for the six months ended September 30, 2024, compared to a loss of HKD 6,940,000 for the same period in 2023, indicating an improvement in performance[49] Assets and Liabilities - Non-current assets as of September 30, 2024, totaled HKD 134,649,000, a decrease from HKD 80,244,000 as of March 31, 2024[9] - Current liabilities increased to HKD 251,621,000 from HKD 178,420,000, indicating a rise in short-term obligations[10] - The company's total assets less current liabilities stood at HKD 311,181,000, down from HKD 350,696,000[10] - The total assets reported were HKD 551,301 million as of September 30, 2024, compared to HKD 519,748 million as of March 31, 2024, indicating an increase of 6.0%[35] - The total liabilities reported were HKD 152,125 million as of September 30, 2024, slightly down from HKD 153,591 million as of March 31, 2024, showing a decrease of 1.0%[35] - The group’s cash and cash equivalents as of September 30, 2024, included significant receivables from entities controlled by the major shareholder, totaling HKD 1,680,000[61] - The group’s non-current liabilities included loans from the major shareholder amounting to HKD 39,320,000, which are interest-free and repayable within two years[66] - The group’s total issued share capital remained at 10,000,000 shares with a par value of HKD 0.01 as of September 30, 2024[69] - The group’s current ratio was approximately 1.7 times as of September 30, 2024, down from 2.5 times as of March 31, 2024[91] Business Operations - The company continues to focus on expanding its business in the restaurant and property management sectors, aiming for strategic growth in these areas[14] - The group has diversified its customer base, with no single customer accounting for over 10% of total revenue during the reporting period[25] - The group has ceased operations in the Hong Kong leisure sector, which included club, restaurant, and bar operations, now classified as discontinued operations[21] - The group operates three reportable segments based on business lines and geographical locations, focusing on property management and related value-added services in mainland China[19] - The group aims to focus on improving its property management portfolio and expanding its value-added service offerings following the termination of the entertainment business[80] - The overall financial performance has benefited from the strategic decision to terminate the entertainment business, resulting in a net profit of HKD 14.3 million for the reporting period[79] - The group recorded a net profit of approximately HKD 14.3 million for the six months ended September 30, 2024, compared to HKD 8.5 million for the same period in 2023, representing an increase primarily due to the cessation of the lifestyle entertainment business[85] - The group reported a loss of approximately HKD 2.5 million from discontinued operations for the six months ended September 30, 2024, compared to a loss of HKD 6.9 million for the same period in 2023[85] Employee and Operational Costs - Employee costs decreased by approximately 2.9% or HKD 1.9 million to about HKD 63.0 million for the six months ended September 30, 2024, mainly due to a reduction in the number of property management projects[88] - Operating costs for property cleaning decreased from approximately HKD 33.8 million to about HKD 29.5 million, a reduction of HKD 4.3 million[87] - Other operating expenses increased by approximately 39.3% or HKD 5.5 million to about HKD 19.5 million, primarily due to an increase in security costs[90] Compliance and Accounting - The financial report was prepared in accordance with Hong Kong Accounting Standards (HKAS) No. 34, ensuring compliance with applicable disclosure requirements[16] - The group has not adopted any new accounting standards or interpretations that have not yet become effective during the reporting period[18] - The group anticipates no significant impact on its financial performance or position from the recent amendments to accounting standards that became effective during the reporting period[18] - The group’s management has made significant judgments and estimates regarding the application of accounting policies and the reporting amounts of assets, liabilities, income, and expenses[16] - The group’s interim financial report includes a condensed consolidated financial statement and selected explanatory notes, which highlight significant changes in financial position and performance since the last annual financial statements[16] Future Outlook - The group remains optimistic about its property management business's profitability despite a slowdown in the Chinese real estate market[103] - The group has successfully terminated its leisure business in Hong Kong to focus resources on higher growth potential industries[103] - The group is committed to leveraging its established brand and expertise to seek new investments and expand its business scope[104] - There have been no significant events affecting the company since the end of the reporting period on September 30, 2024[106]