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，且明確表示概不就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。 B.Duck Semk Holdings International Limited 小黃鴨德盈控股國際有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2250） 切權力以配發、發行及處理本公司股本中每股面值0.000025美元之普 通股（「股份」）（包括於上市規則允許的情況下，從庫存出售或轉讓任 何庫存股份（具有上市規則所賦予的涵義）），並作出或授出可能須行 使有關權力的要約、協議及購股權（包括認股權證、債券以及可轉換 為股份之債權證）； 而根據本決議案(a)段之授權亦受此數額限制； – 2 – (b) 上文(a)段所述的批准將授權董事於有關期間作出或授出可能須在有 關期間屆滿後行使上述權力的要約、協議及購股權； (c) 董事根據上文(a)段所述批准而配發及發行（或從庫存轉出）或有條件 或無條件同意配發及發行（或從庫存轉出）（不論是否根據購股權或其 他情況）的股份總數不得超過下列兩者總和，惟以下 ...

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，並明確表明概不會就本通函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。 閣下如對本通函任何方面或應採取之行動有任何疑問，應諮詢 閣下之持牌證券商、銀行經理、律師、專 業會計師或其他專業顧問。 閣下如已將名下之小黃鴨德盈控股國際有限公司股份全部出售或轉讓，應立即將本通函及隨附之代表委任 表格送交買主或承讓人或經手買賣或轉讓之銀行、持牌證券商或其他代理商，以便轉交買主或承讓人。 此乃要件 請即處理 B.Duck Semk Holdings International Limited 小黃鴨德盈控股國際有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2250） 於本通函內，除文義另有所指外，下列詞彙具有以下涵義： 建議授出發行及購回股份之一般授權； 重選退任董事； 及 股東週年大會通告 本公司謹訂於2025年5月26日（星期一）下午3時正假座中國深圳南山區樞紐大街66號前海周大福金融大廈 北塔7樓舉行股東週年大會（「股東週年大會」）（或其任何續會），大會通告載於本通函第AG ...

Financial Performance - The company's revenue for the fiscal year 2024 was HKD 128,526 thousand, a decrease of 0.8% compared to HKD 129,542 thousand in 2023[10]. - The net loss attributable to equity holders for 2024 was HKD (46,404) thousand, compared to HKD (46,206) thousand in 2023[10]. - The adjusted net loss margin for 2024 was (31.5)%, slightly worse than (31.3)% in 2023[10]. - The total revenue for the character licensing business was HKD 60.07 million in the 2024 fiscal year, down from HKD 68.97 million in 2023[61]. - Revenue from character licensing decreased by approximately HKD 8.9 million or 12.9% to about HKD 60.1 million for the fiscal year 2024[64]. - The total loss for the year increased by approximately 5.6% from approximately HKD 46.7 million in FY2023 to approximately HKD 49.3 million in FY2024[83]. - Other income decreased by approximately 33.3% from HKD 15.6 million in fiscal year 2023 to HKD 10.4 million in fiscal year 2024[70]. - Operating loss increased by approximately 19.5% from HKD 43.7 million in fiscal year 2023 to HKD 52.2 million in fiscal year 2024[75]. - The company did not recommend any final dividend for the fiscal year 2024, compared to a final dividend of HKD 0.005 per share in 2023[153]. Revenue Streams - The revenue from the licensed entertainment segment decreased to HKD 3.7 million in 2024, down from HKD 6.7 million in 2023, representing a significant decline of 44.8%[16]. - The e-commerce and other businesses generated HKD 68.46 million in revenue for the 2024 fiscal year, up from HKD 60.58 million in 2023[61]. - Revenue from e-commerce and other businesses increased by approximately HKD 7.9 million or 13.0% to about HKD 68.5 million for the fiscal year 2024[64]. - Revenue from mainland China accounted for 94.5% of total revenue in fiscal year 2024, slightly down from 95.0% in fiscal year 2023[65]. Strategic Initiatives - The company emphasized a strategic transformation focusing on IP ecosystem development during 2024[15]. - The company aims to leverage its core IP value to drive future growth despite current financial challenges[15]. - The company aims to become an "IP full industry chain operation company," focusing on both horizontal and vertical growth strategies[18]. - The group plans to establish a diversified growth model by launching a new cultural tourism company focused on IP integration, aiming to capture domestic consumption upgrades and expand into Southeast Asia and North America markets[107]. - The company is focusing on international expansion, particularly in Southeast Asia, with initial success in the Thai market, aiming to enhance brand exposure and penetration through local partnerships and retail flagship stores[112]. Operational Metrics - The gross profit margin for the business segment improved from 34.8% in 2023 to 46.7% in 2024[11]. - The current ratio decreased from 2.8 in 2023 to 2.0 in 2024, indicating a decline in liquidity[11]. - The return on equity for 2024 was (25.6)%, worsening from (18.8)% in 2023[11]. - The total assets return rate for 2024 was (16.8)%, compared to (13.4)% in 2023[11]. - Cash and cash equivalents decreased from HKD 51.7 million on December 31, 2023, to HKD 23.0 million on December 31, 2024[84]. - Total borrowings increased from HKD 43.6 million on December 31, 2023, to HKD 45.9 million on December 31, 2024, with a weighted average effective interest rate of 4.42%[84]. - The debt-to-asset ratio increased from 17.5% on December 31, 2023, to 23.8% on December 31, 2024[91]. Employee and Management Insights - As of December 31, 2024, the group had a total of 180 employees, with employee costs approximately HKD 64.6 million for the fiscal year 2024, slightly up from HKD 64.5 million in fiscal year 2023[96]. - The group aims to balance innovation and operational efficiency by leveraging AI for design and market analysis, allowing for a reduction in the number of designers while maintaining high-quality output[96]. - The company is committed to enhancing employee engagement through competitive compensation packages and training programs, including stock option and reward plans[97]. - The management team includes experienced professionals with backgrounds in finance, marketing, and legal sectors, ensuring robust governance and strategic direction[126][128]. Corporate Governance and Compliance - The company has a strong commitment to corporate governance, with various committees in place to oversee financial and operational performance[126][128]. - The board includes independent directors who provide independent judgment and oversight, contributing to effective decision-making processes[126][128]. - The company has maintained compliance with relevant laws and regulations, with no significant violations reported as of December 31, 2024[167]. - The board of directors will consider operational, financial, and other relevant factors before recommending future dividends, indicating a flexible dividend policy[154]. Market and Industry Position - The group primarily engages in character licensing business, creating, designing, and licensing the B.Duck family characters across multiple channels, along with brand management and marketing[143]. - The group has seen significant growth in licensing operations, particularly in overseas markets, enhancing its brand presence[124]. - The group is actively involved in various industry associations and committees, enhancing its influence and networking within the sector[133]. - The majority of the group's revenue comes from the B.Duck family characters, and any significant adverse impact on these intellectual properties could severely affect the business[151].

Financial Performance - Total revenue for the fiscal year 2024 was HKD 128,526,000, a slight decrease of 0.8% from HKD 129,542,000 in 2023[3]. - The net loss for the fiscal year 2024 was HKD 49,340,000, compared to a net loss of HKD 46,691,000 in 2023, representing an increase in loss of 5.6%[5]. - Adjusted net loss margin for the fiscal year 2024 was (31.5)%, slightly worse than (31.3)% in 2023[3]. - The gross profit margin improved to 46.7% in 2024 from 34.8% in 2023, indicating better cost management[4]. - The company reported a basic and diluted loss per share of HKD 4.9 in 2024, compared to HKD 4.8 in 2023[6]. - The company reported a loss before tax of HKD 49,340,000 for the year ended December 31, 2024, compared to a loss of HKD 46,691,000 in 2023[19]. - The company reported a net loss attributable to shareholders of HKD 46,404,000 in 2024, slightly higher than the loss of HKD 46,206,000 in 2023[28]. - Operating loss increased by approximately 19.5% from about HKD 43.7 million in fiscal year 2023 to approximately HKD 52.2 million in fiscal year 2024[53]. Assets and Liabilities - The total assets decreased to HKD 293,050,000 in 2024 from HKD 348,271,000 in 2023, a decline of 15.9%[7]. - Cash and cash equivalents dropped significantly to HKD 22,985,000 in 2024 from HKD 51,723,000 in 2023, a decrease of 55.6%[7]. - The total liabilities as of December 31, 2024, amounted to HKD 100,135,000, a slight increase from HKD 99,292,000 in 2023[8]. - Non-current liabilities decreased significantly to HKD 10,370,000 from HKD 18,483,000, primarily due to a reduction in lease liabilities[8]. - The total equity attributable to the company's equity holders decreased to HKD 191,570,000 in 2024 from HKD 247,406,000 in 2023, a decline of 22.6%[7]. - The debt-to-asset ratio as of December 31, 2024, is 23.8%, compared to 17.5% on December 31, 2023[64]. Revenue Breakdown - Revenue from licensing services was HKD 43,602,000, down 23% from HKD 56,622,000 in 2023, while design consulting services revenue increased by 33% to HKD 16,468,000 from HKD 12,344,000[17]. - Sales of licensed brand products generated HKD 68,456,000, an increase of 13% compared to HKD 60,576,000 in 2023[17]. - Revenue from character licensing business fell by HKD 8,896,000 or 12.9% from HKD 68,966,000 in 2023 to HKD 60,070,000 in 2024[41][42]. - E-commerce and other business revenue increased by HKD 7,880,000 or 13.0% from HKD 60,576,000 in 2023 to HKD 68,456,000 in 2024[41][44]. - Revenue from mainland China accounted for HKD 121,460,000, a decrease from HKD 123,021,000 in 2023, while revenue from Hong Kong decreased to HKD 2,211,000 from HKD 2,420,000[20]. - Revenue from mainland China accounted for 94.5% of total revenue in 2024, slightly down from 95.0% in 2023[45]. Costs and Expenses - The company incurred a significant increase in promotional costs, rising to HKD 18,426,000 in 2024 from HKD 16,193,000 in 2023, an increase of 13.7%[5]. - Total other income decreased from HKD 15,558,000 in 2023 to HKD 10,412,000 in 2024, a decline of approximately 33.3%[21]. - Employee benefit expenses for the fiscal years 2023 and 2024 were approximately HKD 64.5 million and HKD 64.6 million, accounting for about 35.8% and 35.3% of total operating expenses respectively[48]. - Cost of goods sold for the fiscal years 2023 and 2024 was approximately HKD 39.5 million and HKD 36.5 million, representing about 21.9% and 19.9% of total operating expenses respectively[47]. Corporate Governance and Management - The company is committed to maintaining high standards of corporate governance, with ongoing reviews of compliance with governance codes[90]. - The board of directors includes Chairman and Executive Director Mr. Xu Xiaolin, Executive Directors Mr. Guo Zhenjie and Mr. Zhang Zhanyao, Non-Executive Director Mr. Liang Xingchao, and Independent Non-Executive Directors Ms. Liang Binghuan, Mr. Song Zhiqiang, and Professor Chen Jiayuan[97]. - The audit committee, composed of independent non-executive directors, reviewed the consolidated performance for the fiscal year ending December 31, 2024, ensuring compliance with applicable accounting standards[94]. Future Plans and Strategies - The company plans to continue expanding its e-commerce sales platforms in overseas markets, including Thailand, Indonesia, Vietnam, the Philippines, Malaysia, and Singapore[44]. - The company plans to enhance its IP commercialization ecosystem and aims to become a comprehensive IP operation platform, focusing on various growth points including cultural tourism and cross-border e-commerce[76]. - The company has initiated additional incentive measures to attract new licensees and expand into overseas markets such as Brazil, Russia, and South Africa[42]. - The company plans to launch 3-5 IP-themed games within the next two years, enhancing user engagement through co-creation mechanisms[78]. - The company targets a revenue scale exceeding 1 billion, driven by innovations in retail, cultural tourism, online gaming, and cross-border strategies[83]. Shareholder Information - The company has not proposed a final dividend for the year ending December 31, 2024[31]. - The company did not recommend any final dividend for the fiscal year 2024, compared to HKD 0.05 per share for the fiscal year 2023[92]. - A total of HKD 9,666,225 was spent to purchase 8,244,000 shares for the share incentive plan as of December 31, 2024[89].

董事會會議通告 小黃鴨德盈控股國際有限公司（「本公司」，連同其附屬公司，「本集團」）之 董事（「董事」）會（「董事會」）謹此宣佈，董事會會議將於 2025 年 3 月 28 日（星期五）舉行，以考慮及批准（其中包括）本集團截至 2024 年 12 月 31 日 止年度之年度業績及建議派發末期股息（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，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 B.Duck Semk Holdings International Limited 小黃鴨德盈控股國際有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰2250） 香港，2025 年 3 月 18 日 於本公告日期，董事會成員包括董事會主席兼執行董事許夏林先生 ; 執行董事郭振 傑先生及張展耀先生 ; 非執行董事梁興超先生；及獨立非執行董事梁丙焄女士、宋 治強先生及陳嘉賢教授（太平紳士）。 代表董事會 小黃鴨德盈控股國際有限公司 董事會主席兼執行董事 許夏林 ...

B.Duck Semk Holdings International Limited 小黃鴨德盈控股國際有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰2250） 非執行董事： 梁興超先生 獨立非執行董事： 梁丙焄女士 宋治強先生 陳嘉賢教授（太平紳士） 董事名單及其角色和職能 小黃鴨德盈控股國際有限公司之董事（「董事」）會（「董事會」）成員載 列如下： 執行董事： 許夏林先生 郭振傑先生 張展耀先生 董事會設有三個委員會。下表載列各董事會成員於該等委員會擔任的角色。 | | 董事會委員會 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | | 董事會成員 | | | | | 許夏林先生 | | 成員 | 主席 | | 梁丙焄女士 | 成員 | 主席 | | | 宋治強先生 | 主席 | 成員 | 成員 | | 陳嘉賢教授（太平紳士） | 成員 | | 成員 | 香港，2025年1月2日 ...

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，幷明確表示概不就因本公告全 部或 任何部分內容而産生或因倚賴該等內容而引致之任何損失承擔任何責任。 - 1 - B.Duck Semk Holdings International Limited 小黃鴨德盈控股國際有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰2250） 獨立非執行董事之變更 及 董事會委員會組成之變動 董事會謹此宣佈自 2025 年 1 月 2 日起： 獨立非執行董事之變更及董事會委員會組成之變動 小黃鴨德盈控股國際有限公司（「本公司」，連同其附屬公司，「本集團 」）董 事（「董事」）會（「董事會」）謹此宣佈自 2025 年 1 月 2 日起，陳繼宇博士 （榮譽勳章，太平紳士）（「陳博士」）已辭任獨立非執行董事，並不再擔任董 事會 審核委員會（審核委員會」）及提名委員會（提名委員會」）各自之成員，以便投 放更多時間於彼其他個人目標。 陳博士已確認，彼與董事會並無任何意見分歧，亦無有關其辭任之其他事宜 須敦 請本公司股東（「股東」）垂注。 陳教授獲香港特別行政區政府委 ...

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，並明確表示概不就因本公告全部或 任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 B.Duck Semk Holdings International Limited 小黃鴨德盈控股國際有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰2250） 於 2024 年 12 月 17 日舉行之 股東特別大會之投票結果 董事會欣然宣佈，於股東特別大會上提呈之該決議案已於2024年12月17日舉行 之股東特別大會上獲股東以投票表決方式正式通過。 該決議案全文載列於股東特別大會通告。股東特別大會之投票表決結果如下： | 普通決議案 | | | 已投票之股份數目 （概約%） | | | --- | --- | --- | --- | --- | | | | | 贊成 | 反對 | | 「動議謹此批准、確認及追認本公司與盈森玩具（惠州） | | | 233,853,000 | 0 | | 有限公司於 2024 年 11 日訂立的商品供應框架協議 | 月 | 22 | (100.00%) | ( ...

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，並明確表示概不就因本通告全部或 任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 普通決議案 「動議謹此批准、確認及追認本公司與盈森玩具（惠州）有限公司於2024年11月22日 訂 立 的 商 品 供 應 框 架 協 議（「經重續商品供應框架協議」）及 其 項 下 擬 進 行 的 持 續 關 連交易的年度上限；並謹此授權本公司任何董事代表本公司簽署及執行經重續商 品供應框架協議，並作出及採取彼可能認為就經重續商品供應框架協議而言屬必 要或適宜的一切有關事宜及一切有關行動。」 承董事會命 B.Duck Semk Holdings International Limited 小黃鴨德盈控股國際有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰2250） 股東特別大會通告 茲通告 小 黃 鴨 德 盈 控 股 國 際 有 限 公 司（「本公司」）謹 訂 於2024年12月17日（星 期 二） 下午三時正假座中國深圳南山區樞紐大街66號前海周大福金融大廈北塔7樓舉行 股 東 特 別 大 會 ...

此乃要件 請即處理 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，並明確表明概不會就本通函全部或 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。 閣下如 對本通函任何方面或應採取之行動 有任何疑問，應諮詢 閣下之持牌證券 商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如 已將名下之小黃鴨德盈控股國際有限公司股份全部 出售或轉讓，應立即將 本通函及隨附之代表委任表格送交買主或承讓人或經手買賣或轉讓之銀行、股票 經紀或其他代理商，以便轉交買主或承讓人。 B.Duck Semk Holdings International Limited 小黃鴨德盈控股國際有限公司 （於開曼群島註冊成立的有限公司） （股份代號︰2250） 有關經重續商品供應框架協議的 持續關連交易；及 股東特別大會通告 獨立董事委員會及獨立股東的 獨立財務顧問 新百利融資有限公司 本公司謹訂於2024年12月17日（星 期 二）下 午 三 時 正 假 座 中 國 深 圳 南 山 區 樞 紐 大 街 66號前海周大福金融大廈北塔7樓舉行股東特別大會（「股東特別大 ...