[FINANCIAL HIGHLIGHTS](index=1&type=section&id=FINANCIAL%20HIGHLIGHTS) [Financial Results](index=1&type=section&id=Financial%20Results) The Group's FY2025 revenue grew 47.9% to HKD 929.24 million, but it incurred an HKD 89.84 million annual loss, reversing last year's profit, with basic loss per share at 5.02 HK cents | Metric | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 929,235 | 628,236 | 47.9% | | Gross Profit | 58,989 | 61,091 | -3.4% | | (Loss) Profit for the Year | (89,835) | 32,061 | -380.2% | | (Loss) Profit Attributable to Owners of the Company | (80,707) | 2,863 | -2,919.0% | | (Loss) Earnings Per Share (HK cents) | (5.02) | 0.18 | -2,888.9% | | EBITDA | (48,298) | 73,748 | -165.5% | - The Board did not recommend a final dividend for the year ended March 31, 2025[5](index=5&type=chunk) [Financial Position](index=2&type=section&id=Financial%20Position) As of March 31, 2025, the Group's gearing ratio sharply increased to 196.2%, and the current ratio declined to 89.8%, indicating heightened solvency pressure | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Gearing Ratio (%) | 196.2% | 118.4% | | Current Ratio (%) | 89.8% | 104.2% | | Cash and Cash Equivalents (HKD thousands) | 115,170 | 37,321 | | Net Assets (HKD thousands) | 377,655 | 466,479 | [Consolidated Financial Statements](index=3&type=section&id=Consolidated%20Financial%20Statements) [CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME](index=3&type=section&id=CONSOLIDATED%20STATEMENT%20OF%20PROFIT%20OR%20LOSS%20AND%20OTHER%20COMPREHENSIVE%20INCOME) FY2025 revenue reached HKD 929.24 million, but increased costs, reduced other income, and higher credit loss provisions led to an HKD 89.84 million annual loss | Item (HKD thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Revenue | 929,235 | 628,236 | | Gross Profit | 58,989 | 61,091 | | Other Income and Gains, Net | 11,022 | 81,744 | | Impairment losses under expected credit loss model | (35,217) | (1,805) | | Administrative Expenses | (110,962) | (97,160) | | (Loss) Profit Before Tax | (92,710) | 31,784 | | (Loss) Profit for the Year | (89,835) | 32,061 | - Total comprehensive expense for the year was **HKD 91.59 million**, compared to total comprehensive income of **HKD 5.98 million** in the prior year, primarily impacted by the annual loss and exchange differences from translating foreign operations[12](index=12&type=chunk) [CONSOLIDATED STATEMENT OF FINANCIAL POSITION](index=5&type=section&id=CONSOLIDATED%20STATEMENT%20OF%20FINANCIAL%20POSITION) As of March 31, 2025, total assets reached HKD 1.21 billion, but current liabilities exceeded current assets by HKD 44.76 million, indicating increased short-term liquidity pressure | Item (HKD thousands) | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Total Non-Current Assets | 816,760 | 752,678 | | Total Current Assets | 394,828 | 351,391 | | **Total Assets** | **1,211,588** | **1,104,069** | | Total Current Liabilities | 439,585 | 337,384 | | Total Non-Current Liabilities | 394,348 | 300,206 | | **Total Liabilities** | **833,933** | **637,590** | | **Net Current (Liabilities) / Assets** | **(44,757)** | **14,007** | | **Net Assets** | **377,655** | **466,479** | [NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS](index=7&type=section&id=NOTES%20TO%20THE%20CONSOLIDATED%20FINANCIAL%20STATEMENTS) [1. GENERAL INFORMATION and 2. APPLICATION OF NEW AND AMENDMENTS TO HKFRS ACCOUNTING STANDARDS](index=7&type=section&id=1.%20GENERAL%20INFORMATION%20and%202.%20APPLICATION%20OF%20NEW%20AND%20AMENDMENTS%20TO%20HKFRS%20ACCOUNTING%20STANDARDS) The Group, primarily in construction and environmental businesses, applied new HKFRS amendments this year with no significant financial impact, and did not early adopt other new standards - The Group primarily operates in two business segments: construction engineering and environmental protection[22](index=22&type=chunk)[25](index=25&type=chunk) - HKFRS amendments concerning lease liabilities, liability classification, and supplier financing arrangements were first applied this year, with no material impact on financial statements[23](index=23&type=chunk)[29](index=29&type=chunk) [3. BASIS OF PREPARATION OF CONSOLIDATED FINANCIAL STATEMENTS](index=9&type=section&id=3.%20BASIS%20OF%20PREPARATION%20OF%20CONSOLIDATED%20FINANCIAL%20STATEMENTS) Despite preparing on a going concern basis, the Group's HKD 80.71 million loss and HKD 44.76 million net current liabilities raise significant going concern doubts, though management has implemented mitigating measures - As of March 31, 2025, the Group recorded a loss attributable to owners of **HKD 80.71 million** and net current liabilities of **HKD 44.76 million**, raising significant doubt about its ability to continue as a going concern[45](index=45&type=chunk)[46](index=46&type=chunk) - To address liquidity risks, management has secured **HKD 40 million** in standby credit, implemented cost savings, negotiated loan extensions, and accelerated accounts receivable collection[47](index=47&type=chunk) [4. REVENUE, OTHER INCOME AND GAINS, NET](index=11&type=section&id=4.%20REVENUE%2C%20OTHER%20INCOME%20AND%20GAINS%2C%20NET) FY2025 total revenue was HKD 929.24 million, driven by construction growth, but net other income significantly declined due to the absence of a prior-year non-cash gain | Revenue Source (HKD thousands) | 2025 | 2024 | | :--- | :--- | :--- | | **Construction Business** | 832,123 | 511,281 | | **Environmental Protection Business** | 97,112 | 116,955 | | *Of which: Food Waste Treatment* | 94,032 | 74,329 | | *Of which: New Energy Materials* | 3,080 | 42,626 | | **Total Revenue** | **929,235** | **628,236** | - Net other income and gains sharply decreased from **HKD 81.74 million** to **HKD 11.02 million**, primarily due to a non-cash gain of **HKD 52.95 million** from patent technology injection into an associate recognized in the prior year not recurring this year[52](index=52&type=chunk)[55](index=55&type=chunk) - Customer A (construction business) was the Group's major client, contributing **HKD 740 million**, or **79.6%** of total revenue[72](index=72&type=chunk) - By geographical segment, Hong Kong was the primary source of revenue, contributing **HKD 854 million**, or **91.9%** of total revenue[75](index=75&type=chunk) [5. FINANCE COSTS](index=18&type=section&id=5.%20FINANCE%20COSTS) FY2025 finance costs slightly rose to HKD 12.47 million, driven by increased interest expenses on borrowings, partially offset by capitalized interest | Item (HKD thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Total Interest Expense | 17,955 | 17,140 | | Less: Capitalized Interest | (6,155) | (5,170) | | **Net Finance Costs** | **12,469** | **11,970** | [6. (LOSS) PROFIT BEFORE TAX](index=19&type=section&id=6.%20%28LOSS%29%20PROFIT%20BEFORE%20TAX) The Group's pre-tax (loss) profit was significantly impacted by increased construction costs and new write-offs for receivables | Key Expense Items (HKD thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Construction Costs | 800,132 | 502,384 | | Total Staff Costs | 134,628 | 134,369 | | Depreciation and Amortization | 31,943 | 29,994 | | Write-off of Retention Receivables | 4,225 | — | | Write-off of Other Receivables | 4,338 | — | [7. INCOME TAX (CREDIT) EXPENSE](index=19&type=section&id=7.%20INCOME%20TAX%20%28CREDIT%29%20EXPENSE) The Group recorded an HKD 2.88 million income tax credit in FY2025, mainly due to recognized deferred tax credits | Item (HKD thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Expense for the Year | 2,057 | 8 | | Deferred Tax | (4,932) | (285) | | **Total Income Tax Credit for the Year** | **(2,875)** | **(277)** | [8. (LOSS) EARNINGS PER SHARE ATTRIBUTABLE TO OWNERS OF THE COMPANY](index=20&type=section&id=8.%20%28LOSS%29%20EARNINGS%20PER%20SHARE%20ATTRIBUTABLE%20TO%20OWNERS%20OF%20THE%20COMPANY) FY2025 loss attributable to owners was HKD 80.71 million, resulting in basic and diluted loss per share of 5.02 HK cents, with no dilutive effect | Item | 2025 | 2024 | | :--- | :--- | :--- | | (Loss) / Profit Attributable to Owners (HKD thousands) | (80,707) | 2,863 | | Basic (Loss) / Earnings Per Share (HK cents) | (5.02) | 0.18 | | Diluted (Loss) / Earnings Per Share (HK cents) | (5.02) | 0.18 | [9. TRADE AND RETENTION RECEIVABLES](index=21&type=section&id=9.%20TRADE%20AND%20RETENTION%20RECEIVABLES) Trade and retention receivables (net of provisions) significantly increased to HKD 180.50 million, with overdue amounts over 90 days rising, indicating higher credit risk | Item (HKD thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Trade Receivables (net of provision) | 139,400 | 95,964 | | Retention Receivables (net of provision) | 41,103 | 26,018 | | **Total** | **180,503** | **121,982** | - Trade receivables overdue by more than 90 days increased from **HKD 11.41 million** to **HKD 25.63 million**, indicating increased collection pressure[93](index=93&type=chunk) [10. TRADE AND RETENTION PAYABLES](index=22&type=section&id=10.%20TRADE%20AND%20RETENTION%20PAYABLES) Total trade and retention payables increased to HKD 195.49 million, while trade payables overdue by more than 90 days decreased | Item (HKD thousands) | 2025 | 2024 | | :--- | :--- | :--- | | Trade Payables | 168,286 | 144,157 | | Retention Payables | 27,207 | 15,629 | | **Total** | **195,493** | **159,786** | [EXTRACT OF THE INDEPENDENT AUDITOR'S REPORT](index=23&type=section&id=EXTRACT%20OF%20THE%20INDEPENDENT%20AUDITOR%27S%20REPORT) [MATERIAL UNCERTAINTY RELATED TO GOING CONCERN](index=23&type=section&id=MATERIAL%20UNCERTAINTY%20RELATED%20TO%20GOING%20CONCERN) The independent auditor noted significant going concern uncertainties due to the Group's substantial loss and net current liabilities, without modifying their audit opinion - The auditor drew attention to the Group's loss attributable to owners of approximately **HKD 80.71 million** and current liabilities exceeding current assets by approximately **HKD 44.76 million** in FY2025[105](index=105&type=chunk)[109](index=109&type=chunk) - These events or conditions indicate a material uncertainty that may cast significant doubt on the company's ability to continue as a going concern, and the auditor did not modify their opinion on this matter[105](index=105&type=chunk)[109](index=109&type=chunk) [MANAGEMENT DISCUSSION AND ANALYSIS](index=24&type=section&id=MANAGEMENT%20DISCUSSION%20AND%20ANALYSIS) [BUSINESS REVIEW](index=24&type=section&id=BUSINESS%20REVIEW) The Group's business review shows strong construction growth driven by large projects, while environmental business revenue declined, alongside progress on historical issues and new collaborations - The Group primarily operates in two major business segments: (i) Hong Kong's construction business (foundation, civil engineering, etc.); and (ii) mainland China and Hong Kong's environmental protection business (waste treatment, environmental industrial parks, new energy materials)[112](index=112&type=chunk)[115](index=115&type=chunk) [Construction Business](index=24&type=section&id=Construction%20Business) Construction revenue surged 62.7% to HKD 832.12 million, driven by new large projects totaling HKD 1.41 billion, maintaining a stable 4% gross profit margin | Metric | FY2025 | FY2024 | | :--- | :--- | :--- | | Revenue | HKD 832.1 million | HKD 511.3 million | | Revenue Growth Rate | 62.7% | - | | Gross Profit Margin | ~4% | ~4% | - Seven new projects were secured during the year, with a total contract value of approximately **HKD 1.41 billion**, a significant increase compared to **HKD 314 million** in the prior year[119](index=119&type=chunk)[120](index=120&type=chunk) - As of March 31, 2025, eight projects were ongoing, more than the five in the prior year[119](index=119&type=chunk) [Environmental Protection Business](index=27&type=section&id=Environmental%20Protection%20Business) Environmental business revenue declined 17.0% to HKD 97.10 million, with food waste treatment growing but new energy materials sharply falling due to factory relocation, and several projects facing delays - Total environmental business revenue decreased by **17.0%** to **HKD 97.10 million**[127](index=127&type=chunk)[130](index=130&type=chunk) - Food waste treatment business revenue increased to **HKD 94.03 million**, primarily driven by the launch of Hong Kong's food waste collection business in April 2024, which contributed approximately **HKD 22.20 million** in revenue[129](index=129&type=chunk)[132](index=132&type=chunk)[178](index=178&type=chunk) - New energy materials business (Shenzhen Huamingsheng) revenue sharply declined from **HKD 42.60 million** last year to **HKD 3.08 million**, due to factory shutdown and relocation to Deyang, Sichuan, with production expected to resume in October 2025[205](index=205&type=chunk)[206](index=206&type=chunk) - Several ongoing or planned environmental projects face setbacks, including the Dunhua project suspended due to incomplete government land acquisition, the Hanzhong project stalled over concession rights, and the Hancheng project unresolved due to design flaws and land issues[143](index=143&type=chunk)[151](index=151&type=chunk)[160](index=160&type=chunk) [Other on-going matters](index=43&type=section&id=Other%20on-going%20matters) The Group is managing two ongoing issues: disposing of 18.98 million Clear Industry consideration shares after a cash refund, and negotiating the unlocking of 19.49 million Vimab restricted shares - Regarding the Clear Industry matter, **18.98 million** consideration shares are still pending disposal, and an impairment loss of **HKD 3.80 million** was recognized this fiscal year due to the decline in the company's share price[238](index=238&type=chunk)[242](index=242&type=chunk) - For the Vimab acquisition, **19.49 million** restricted shares remain unlocked as performance commitments could not be audited, and the company is still negotiating a resolution with Seller B[245](index=245&type=chunk)[248](index=248&type=chunk) [Significant event during/after the year under review](index=47&type=section&id=Significant%20event%20during%2Fafter%20the%20year%20under%20review) The Group completed significant capital activities, including a RMB 56 million sale-and-leaseback deal and a USD 3.60 million investment in a biomass project - A financing lease agreement for **RMB 56 million** was signed with Jiangsu Financial Leasing for the Hefei food waste treatment equipment through a sale-and-leaseback arrangement[257](index=257&type=chunk) - On June 24, 2025, the company agreed to invest **USD 3.60 million** to construct and operate a food waste treatment facility project in Haimen Economic and Technological Development Zone[259](index=259&type=chunk)[260](index=260&type=chunk) [Outlook](index=50&type=section&id=Outlook) The Group plans to expand its environmental business in mainland China, cautiously invest in new energy materials, and actively seek financing amidst a challenging Hong Kong construction market - Environmental business: The Group plans to expand its scale through business model transformation and technological upgrades, and intends to allocate more resources to the recycling and deep processing of waste cooking oil to create new revenue growth points[263](index=263&type=chunk)[268](index=268&type=chunk) - New energy materials business: Facing intense market competition, the Group will prudently determine the timing of capacity deployment with partners and strengthen product and technology R&D to gain a competitive advantage[266](index=266&type=chunk)[270](index=270&type=chunk) - Construction business: The Hong Kong construction market is expected to remain highly competitive in 2025, with the business facing challenges from economic slowdown[272](index=272&type=chunk) [FINANCIAL REVIEW](index=51&type=section&id=FINANCIAL%20REVIEW) The Group reported an HKD 89.84 million net loss in FY2025, primarily due to the absence of a prior-year one-off gain and a significant increase in credit loss provisions [Results of the Group](index=51&type=section&id=Results%20of%20the%20Group) The Group's FY2025 results reversed to an HKD 80.70 million loss attributable to owners, mainly due to the absence of a prior-year one-off gain and increased credit loss impairments - The primary reasons for the shift from profit to loss include the absence of a one-off gain of **HKD 52.90 million** from the prior year, and an increase of **HKD 33.40 million** in impairment losses under the expected credit loss model this year[275](index=275&type=chunk)[278](index=278&type=chunk) [Revenue and Gross Profit](index=52&type=section&id=Revenue%20and%20Gross%20Profit) Revenue grew 47.9% to HKD 929.24 million, driven by construction and food waste collection, but overall gross profit slightly declined due to losses in new energy materials - Revenue increased by **47.9%** to **HKD 929.24 million**, primarily driven by the construction business and Hong Kong's food waste collection business[281](index=281&type=chunk)[285](index=285&type=chunk) - Despite increased revenue, the gross profit slightly decreased by **HKD 2.10 million** to **HKD 59.00 million** due to a gross loss recorded in the new energy materials business[282](index=282&type=chunk)[286](index=286&type=chunk) [Other Income and Gains, Net](index=52&type=section&id=Other%20Income%20and%20Gains%2C%20Net) Net other income and gains significantly decreased by HKD 70.70 million, mainly due to the absence of a prior-year one-off gain and reduced fair value gains - Net other income and gains significantly decreased by **HKD 70.70 million**, primarily due to the absence of a one-off gain of **HKD 52.90 million** from the prior year[283](index=283&type=chunk)[288](index=288&type=chunk) [Administrative Expenses](index=53&type=section&id=Administrative%20Expenses) Administrative expenses rose by HKD 13.80 million to HKD 111 million, driven by increased construction-related costs, various write-offs, and impairment losses - Administrative expenses increased by **14.2%** to **HKD 111 million**, primarily driven by increased construction-related expenses, write-offs of receivables, and impairment losses on consideration shares[290](index=290&type=chunk)[294](index=294&type=chunk) [Impairment losses under expected credit loss model, net of reversal](index=53&type=section&id=Impairment%20losses%20under%20expected%20credit%20loss%20model%2C%20net%20of%20reversal) Expected Credit Loss (ECL) surged to HKD 35.20 million, mainly due to a HKD 27.70 million provision for defaulting loans, prompting legal action and PD model impairment assessment - Expected Credit Loss (ECL) surged from **HKD 1.80 million** to **HKD 35.20 million**, an increase of **HKD 33.40 million** year-on-year[293](index=293&type=chunk)[296](index=296&type=chunk) - The loss primarily stemmed from provisions for loans receivable (**HKD 27.70 million**) due to two defaulting Chinese private companies, for which the Group has initiated legal proceedings[293](index=293&type=chunk)[298](index=298&type=chunk) - The Group engaged independent valuers to measure ECL provisions using Probability of Default (PD) and Loss Given Default (LGD) models[300](index=300&type=chunk)[303](index=303&type=chunk) [CAPITAL STRUCTURE, LIQUIDITY, FINANCIAL RESOURCES AND FINANCIAL POSITION](index=55&type=section&id=CAPITAL%20STRUCTURE%2C%20LIQUIDITY%2C%20FINANCIAL%20RESOURCES%20AND%20FINANCIAL%20POSITION) The Group's gearing ratio rose to 196.2%, with HKD 44.80 million net current liabilities indicating high short-term pressure, and authorized share capital was doubled for future financing - As of March 31, 2025, the Group reported net current liabilities of **HKD 44.80 million**, a reversal from net current assets of **HKD 14.00 million** in the prior year, with the current ratio decreasing to **89.8%**[313](index=313&type=chunk)[318](index=318&type=chunk) - The gearing ratio significantly increased from **118.4%** to **196.2%**[325](index=325&type=chunk)[331](index=331&type=chunk) - During the year, the company increased its authorized share capital from **HKD 200 million** to **HKD 400 million** in preparation for future financing[323](index=323&type=chunk)[329](index=329&type=chunk) - As of March 31, 2025, the Group pledged various assets, including properties, investment properties, deposits, and receivables, to secure bank financing[327](index=327&type=chunk)[333](index=333&type=chunk) [Human resources management](index=59&type=section&id=Human%20resources%20management) The Group's headcount increased to 439, with stable staff costs, while contingent liabilities from performance bonds significantly rose, and no major investments occurred | Metric | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Number of Employees | 439 | 363 | | Total Staff Costs (Annual) | ~HKD 134.6 million | ~HKD 134.4 million | | Contingent Liabilities (Performance Bonds) | ~HKD 85.6 million | ~HKD 44.6 million | [Corporate Governance and Other Information](index=60&type=section&id=Corporate%20Governance%20and%20Other%20Information) [CHANGE IN INFORMATION OF DIRECTORS](index=60&type=section&id=CHANGE%20IN%20INFORMATION%20OF%20DIRECTORS) The Board saw multiple changes, including the retirement of Dr. Ge Xiaolin, removal of Mr. Lam Ka Hong, resignation of Mr. Li Xixun, and new appointments to the Nomination Committee - Non-executive Director Dr. Ge Xiaolin retired, and Mr. Lam Ka Hong was removed[357](index=357&type=chunk)[358](index=358&type=chunk) - Executive Director Mr. Li Xixun resigned[359](index=359&type=chunk) [FINAL DIVIDEND, PURCHASE, SALE OR REDEMPTION OF THE COMPANY'S LISTED SECURITIES, SHARE CAPITAL](index=61&type=section&id=FINAL%20DIVIDEND%2C%20PURCHASE%2C%20SALE%20OR%20REDEMPTION%20OF%20THE%20COMPANY%27S%20LISTED%20SECURITIES%2C%20SHARE%20CAPITAL) Due to the annual loss, no final dividend was recommended, and no listed securities were purchased, sold, or redeemed during FY2025 - The Board recommended no final dividend for FY2025 (FY2024: nil)[385](index=385&type=chunk)[390](index=390&type=chunk) - During the year, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities[369](index=369&type=chunk)[376](index=376&type=chunk) [CHANGE OF AUDITORS, AUDIT COMMITTEE AND REVIEW OF THE ANNUAL RESULTS](index=62&type=section&id=CHANGE%20OF%20AUDITORS%2C%20AUDIT%20COMMITTEE%20AND%20REVIEW%20OF%20THE%20ANNUAL%20RESULTS) The Group changed its auditor to Asian Alliance (HK) CPA Limited, effective April 2025, and the Audit Committee, composed of independent non-executive directors, reviewed the annual results - The company's auditor changed from BDO Limited to Asian Alliance (HK) CPA Limited, effective April 2025[386](index=386&type=chunk)[391](index=391&type=chunk) - The Audit Committee, comprising three independent non-executive directors, has reviewed the annual results for FY2025[394](index=394&type=chunk)[397](index=397&type=chunk)

Core Viewpoint - The company has signed an agreement with the Haimen Economic and Technological Development Zone to invest in a food waste treatment facility, marking the official launch of its food waste management project [1][2]. Group 1: Project Details - The company will invest $3.6 million in the project within one month of signing the agreement [1]. - The project involves the development, construction, and operation of a biomass refining and carbon sequestration facility for food waste in Haimen [1]. - A wholly-owned subsidiary will be established to operate and implement the project, contingent upon obtaining the necessary operating rights [1]. Group 2: Strategic Importance - The project adopts an innovative "Pengzhou model" and "urban oilfield" approach, aiming to revolutionize food waste management in China [2]. - Strategically located in the Suzhou-Shanghai region, the project will leverage Haimen's geographical advantages to set a benchmark for the company's food waste collection, transportation, and processing system [2]. - If initial operations reveal insufficient processing capacity to handle the daily food waste generated in Haimen, the company plans to invest in a second phase of the project based on the performance of the initial phase [2].

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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本公佈全部或任 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。 NEW CONCEPTS HOLDINGS LIMITED 創 業 集 團（ 控 股 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2221） 上市規則之涵義 由於有關該協議項下擬進行交易的一項或多項適用百分比率（定義見上市規則）超 過5%但低於25%，故訂立該協議構成本公司於上市規則項下的須予披露交易， 故須遵守上市規則第14章項下的申報及公佈規定，惟豁免遵守股東批准規定。 – 1 – 該項目 於2025年6月24日（聯交所交易時段後），本公司與海門經濟技術開發區訂立該協 議，據此(i)本公司同意於簽署該協議後一個月內投資該項目以營運及實施該項目， 投資金額為3,600,000美元（相當於約28,350,000港元）；及(ii)海門經濟技術開發區同 意(a)提供基礎設施支持及(b)協助項目公司實施該項目，包括但不限於取得特許經 營權、收購項目土地及取得其他相關同意、批准、許可證及╱ ...

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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本公佈全部或任 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。 NEW CONCEPTS HOLDINGS LIMITED 創 業 集 團（ 控 股 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2221） 內幕消息 盈利警告 主席兼執行董事 朱勇軍 香港，2025年6月20日 本公司董事（「董事」）會（「董事會」）謹此通知本公司股東（「股東」）及潛在投資者，基 於對本集團截至2025年3月31日止年度（「2025財年」）的未經審核綜合管理賬目所作 的初步審閱及董事會目前可得的資料，預期本集團將於2025財年錄得本公司擁有人 應佔淨虧損不超過100,000,000港元，而截至2024年3月31日止年度（「2024財年」）則 錄得本公司擁有人應佔淨利潤約2,860,000港元。 與2024財年相比，董事會認為，預期本公司擁有人應佔期內純利轉為淨虧損乃主要 由於（其中包括）以下因素：(i)於2024財年因向聯營公司注資無形資產（即專利技術） 而錄得一 ...

創 業 集 團（ 控 股 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2221） 董事會會議舉行日期 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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何 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。 NEW CONCEPTS HOLDINGS LIMITED 承董事會命 創業集團（控股）有限公司 主席兼執行董事 朱勇軍 香港，2025年6月17日 創業集團（控股）有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司 將於2025年6月30日（星期一）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3月31日止年度的全年業績，以及建議派發末期股息（如 有）。 於本公佈日期 ， 執行董事為朱勇軍先生及潘軼旻先生 ； 而獨立非執行董事為事為杜 芸女士、羅俊超先生、唐嘉樂博士及蔡偉石先生 ， 榮譽勳章 ， 太平紳士 。 ...

5月30日，截至港股收盘，恒生指数下跌1.2%，报23289.77点。创业集团控股（02221.HK）收报0.053港 元/股，上涨39.47%，成交量8844.8万股，成交额445.52万港元，振幅50.0%。 最近一个月来，创业集团控股累计涨幅2.7%，今年来累计跌幅65.45%，跑输恒生指数17.51%的涨幅。 财务数据显示，截至2024年9月30日，创业集团控股实现营业总收入3.27亿元，同比增长17.97%；归母 净利润-1339.7万元，同比减少130.58%；毛利率9.35%，资产负债率62.2%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，建筑行业市盈率（TTM）平均值为11.15倍，行业中值1.58倍。创业集团控股市盈率-11 倍，行业排名第148位；其他浦江国际（02060.HK）为1.01倍、饮食天王(环球)（08619.HK）为1.49 倍、进升集团控股（01581.HK）为1.51倍、靛蓝星（08373.HK）为1.58倍、中国管业（00380.HK）为 1.66倍。 资料显示，创业集团(控股)有限公司是香港交易所主板上市公司(股票编号:2221),主营业务为 ...

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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本公佈全部或任 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。 NEW CONCEPTS HOLDINGS LIMITED 創 業 集 團（ 控 股 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2221） 須予披露交易 收購棗莊高能新材料有限公司30%股權之進一步進展 補充協議 於2025年5月23日，華明勝、合營公司股東A、合營公司股東B及合營公司訂立補 充協議，據此，訂約方同意（其中包括）修訂非現金出資的出資方式。 上市規則的涵義 由於上市規則項下有關補充協議項下之交易的一項或多項適用百分比率高於 5%，而所有適用百分比率均低於25%，故根據上市規則第14章，補充協議項下 之交易構成本公司的須予披露交易，須遵守申報及公佈規定。 背景 茲提述本公司日期為2024年8月29日之公佈，內容有關本公司非全資附屬公司華明 勝（作為買方）、巴庫斯（作為賣方）及合營公司就華明勝向巴庫斯收購合營公司30% 股權而訂立的收購協議。 – 1 – 誠如上述公佈所 ...

委任核數師 本公佈乃由創業集團（控股）有限公司（「本公司」，連同其附屬公司，統稱「本集團」） 根據香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第13.51(4)條 而作出。 茲提述本公司日期為2025年4月23日內容有關香港立信德豪會計師事務所有限公司 （「立信德豪」）辭任本公司核數師之公佈（「辭任公佈」）。 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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本公佈全部或任 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。 NEW CONCEPTS HOLDINGS LIMITED 創 業 集 團（ 控 股 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2221） 誠如辭任公佈所披露，於2025年4月23日，立信德豪提呈辭任本公司核數師一職。 於立信德豪辭任本公司核數師一職後，董事會欣然宣佈，董事會在審核委員會（「審 核委員會」）建議下，已議決委任久安（香港）會計師事務所有限公司（「久安」）為本公 司新任核數師，以填補臨時空缺。久安將任職至本公司下屆股東週年大會結束為 止。 審 ...

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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不會就因本公佈全部或任 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。 NEW CONCEPTS HOLDINGS LIMITED 創 業 集 團（ 控 股 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2221） 核數師辭任 本公佈乃由創業集團（控股）有限公司（「本公司」，連同其附屬公司，統稱「本集團」） 根據香港聯合交易所有限公司（「聯交所」）證券上市規則（「上市規則」）第13.51(4)條 而作出。 董事會及本公司審核委員會（「審核委員會」）確認，除上文所披露者外，本公司與立 信德豪之間並無其他意見分歧，且概無有關立信德豪辭任之其他事宜或情況須敦請 股東垂注。 董事會進一步確認，截至本公佈日期，立信德豪尚未就本集團截至2025年3月31日 止財政年度的綜合財務報表開展任何審計工作。董事會相信立信德豪辭任將不會對 本集團截至2025年3月31日止財政年度的年度審計及全年業績發佈產生任何重大影 響。 核數師辭任 董事會宣佈，香港立信德豪會計師事務所有限 ...

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佈的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何 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。 董事會謹此公佈，於2025年4月23日（星期三）舉行的股東特別大會上，股東特別大 會通告所載有關批准、確認及追認融資租賃及附帶文件以及其項下擬進行的相關交 易的普通決議案（「決議案」）獲股東以投票方式正式通過。 於股東特別大會日期，已發行股份總數為1,606,132,134股股份。(a)於股東特別大會 日期，本公司並無持有庫存股份（包括由香港中央結算有限公司設立及營運的中央 結算及交收系統持有或存放的任何庫存股份），因此並無在股東特別大會上行使庫 存股份的投票權；且(b)並無待註銷的已回購股份，應從股東特別大會的已發行股份 總數中扣除。就董事經作出一切合理查詢後所深知、盡悉及確信，概無股份賦予股 NEW CONCEPTS HOLDINGS LIMITED 創 業 集 團（ 控 股 ）有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：2221） 於2025年4月23日舉行的 股東特別大會的投票 ...