Financial Performance - Revenue for the year ended December 31, 2025, was HKD 117.2 million, representing a 5.8% increase from HKD 110.8 million in 2024[2] - Gross profit decreased to HKD 23.9 million, down 15.5% from HKD 28.3 million in the previous year, resulting in a gross margin of 20.4%, a decline of 5.1 percentage points[2] - The company reported a loss attributable to shareholders of HKD 1.4 million, compared to a loss of HKD 7.5 million in 2024[2] - Basic loss per share was HKD 0.13, an improvement from HKD 0.69 in the previous year[2] - The group reported total revenue of HKD 117,179,000 for the year ending December 31, 2025, compared to HKD 110,776,000 in 2024, representing a growth of approximately 5.4%[23] - The group reported a loss before tax of HKD 1,983,000 for the year ending December 31, 2025, compared to a loss of HKD 6,715,000 in 2024, showing an improvement[26] - The group recorded a net loss of approximately HKD 1.4 million for the fiscal year 2025, compared to a net loss of approximately HKD 7.5 million for the fiscal year 2024[47] Assets and Liabilities - Non-current assets totaled HKD 85.7 million, a decrease from HKD 89.6 million in 2024[4] - Current assets increased to HKD 23.5 million from HKD 20.4 million in the previous year[4] - Total liabilities amounted to HKD 142.999 million, up from HKD 138.369 million in 2024[4] - Current liabilities exceeded current assets by approximately HKD 119,479,000, with net current liabilities of about HKD 33,819,000[19] - The group's total liabilities amounted to approximately HKD 33,819,000 as of December 31, 2025[37] Cash Flow and Financing - The company’s cash and cash equivalents rose to HKD 12.8 million, compared to HKD 10.2 million in the previous year[4] - The group has secured a loan agreement from its direct holding company amounting to HKD 65,000,000, with HKD 63,826,000 utilized by December 31, 2025[22] - The group received additional financing of HKD 35,500,000 from its direct holding company to improve its financial situation[38] - Cash and cash equivalents were only approximately HKD 12,807,000, indicating significant uncertainty regarding the group's ability to continue as a going concern[19] Operational Focus and Strategy - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[3] - The group is actively considering the development of new business opportunities to enhance cash flow and improve operational efficiency[22] - The group is in discussions with creditors to extend repayment terms, which may impact its ability to meet other obligations[22] Employee and Administrative Costs - The total employee compensation costs increased to HKD 55,814,000 in 2025 from HKD 47,649,000 in 2024, representing a rise of approximately 16.9%[27] - Employee costs for fiscal year 2025 were approximately HKD 55.8 million, an increase of about HKD 8.2 million from approximately HKD 47.6 million in fiscal year 2024[56] - Administrative expenses remained stable at approximately HKD 28.6 million for the fiscal year 2024 and approximately HKD 28.5 million for the fiscal year 2025[43] Corporate Governance and Compliance - The company is a public listed entity on the Hong Kong Stock Exchange, which may influence its financial reporting and compliance requirements[6] - The company has adhered to corporate governance codes to ensure shareholder interests and enhance corporate value in the fiscal year 2025[59] - The board of directors has confirmed strict compliance with the standards for securities trading during the fiscal year 2025[60] - The audit committee has reviewed the financial performance for the fiscal year 2025, including accounting principles and internal control effectiveness[62] Future Outlook - The company is evaluating existing investments and business opportunities, including the potential liquidation of loss-making investments[22] - Directors believe the group will have sufficient cash resources to meet its future operational funding and other financing needs over the next twelve months[20] - The group has significant uncertainties that may affect its ability to continue as a going concern, necessitating adjustments to asset valuations if it cannot continue[21]

Financial Performance - Revenue for the year ended December 31, 2025, was HKD 117.2 million, representing a 5.8% increase from HKD 110.8 million in 2024[2] - Gross profit decreased to HKD 23.9 million, down 15.5% from HKD 28.3 million in the previous year, resulting in a gross margin of 20.4%, a decline of 5.1 percentage points[2] - The company reported a loss attributable to shareholders of HKD 1.4 million, compared to a loss of HKD 7.5 million in 2024[2] - Basic loss per share was HKD 0.13, an improvement from HKD 0.69 in the previous year[2] - The group reported a net loss of approximately HKD 1,399,000 as of December 31, 2025[19] - The group reported a loss before tax of HKD 1,983,000 for the year ending December 31, 2025, compared to a loss of HKD 6,715,000 in 2024, showing an improvement in financial performance[26] - The company recorded a deferred tax expense of HKD 731,000 for the current year, compared to a deferred tax benefit of HKD 584,000 in the previous year[28] - The group recorded a net loss of approximately HKD 1.4 million for the fiscal year 2025, compared to a net loss of approximately HKD 7.5 million for the fiscal year 2024[47] Assets and Liabilities - Total assets amounted to HKD 142.999 million, with total liabilities at HKD 119.479 million, resulting in a net asset value of HKD 33.805 million[4] - The company reported a significant increase in non-current assets, totaling HKD 78.044 million, compared to HKD 74.119 million in 2024[4] - The company reported a net debt of (35,678) million HKD, compared to (33,819) million HKD in the previous period, indicating an increase in net debt by approximately 5.5%[5] - Current liabilities exceeded current assets by approximately HKD 119,479,000, with net current liabilities of about HKD 33,819,000[19] - The group's total liabilities amounted to approximately HKD 33,819,000, including loans of about HKD 63,826,000 from the immediate holding company[37] Cash Flow and Financing - The company’s cash and cash equivalents increased to HKD 12.807 million from HKD 10.189 million in the previous year[4] - Cash and cash equivalents were only approximately HKD 12,807,000, indicating significant uncertainty regarding the group's ability to continue as a going concern[19] - The group has secured a loan agreement from its direct holding company amounting to HKD 65,000,000, with HKD 63,826,000 utilized by December 31, 2025[22] - The group received additional financing of HKD 35,500,000 from its direct holding company to provide ongoing financial support[22] - The group has taken or will take measures to improve its financial position, liquidity, and cash flow[20] Revenue Breakdown - Hotel operations generated revenue of HKD 65,782,000 in 2025, up from HKD 60,454,000 in 2024, indicating an increase of about 5.4%[23] - Property management revenue was HKD 42,421,000 for 2025, compared to HKD 41,085,000 in 2024, reflecting a growth of approximately 3.3%[23] - Revenue from hotel operations accounted for approximately 56.1% of total revenue, with hotel revenue increasing from approximately HKD 60.5 million in fiscal year 2024 to approximately HKD 65.8 million in fiscal year 2025[53] - Revenue from property management for fiscal year 2025 was approximately HKD 42.4 million, an increase of 3.3% from approximately HKD 41.1 million in fiscal year 2024[54] Operational Insights - The company is primarily engaged in hotel operations in Canada and property management in China, indicating a focus on these markets for future growth[6] - The company is actively considering the development of new business opportunities to enhance cash flow and improve operational efficiency[22] - The group is in discussions with creditors to extend repayment terms, which may impact its ability to meet other obligations[22] - The company has emphasized the importance of cash flow consistency in its financial asset evaluations, aligning with basic borrowing arrangements[12] Compliance and Governance - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from January 1, 2025, which may impact future financial reporting[8] - The company has not early adopted any new or revised accounting standards that have been issued but are not yet effective, indicating a cautious approach to regulatory changes[9] - The company’s functional currency is the Hong Kong Dollar, which is relevant for its financial reporting and operations in the Hong Kong market[7] - The company has adhered to corporate governance codes to enhance shareholder value and accountability during the fiscal year 2025[59] - The board of directors has confirmed strict compliance with the standards for securities trading during the fiscal year 2025[60] Future Outlook - The anticipated application of the new standards is not expected to have a significant impact on the group's financial performance and position[17] - The group must make adjustments if it cannot continue to operate on a going concern basis, which may affect asset valuations[21] - The revised disclosure requirements under the new standards will enhance the presentation and disclosure in financial statements[16] - The annual report for fiscal year 2025 is expected to be distributed to shareholders by April 30, 2026[64]

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 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。 TIMES UNIVERSAL GROUP HOLDINGS LIMITED 時 代 環 球 集 團 控 股 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：2310） 董事會會議通告 時代環球集團控股有限公司（「本公司」）董事會（「董事會」）宣佈，董事會會議將於 二零二六年三月三十日（ 星期一 ）舉行，藉以批准（ 其中包括 ）刊發本公司及其附屬 公司截至二零二五年十二月三十一日止年度之全年業績公告及其發佈，以及考慮 派發末期股息（ 如有 ）。 時代環球集團控股有限公司 主席兼執行董事 蔡潤初 香港，二零二六年三月十八日 於本公告日期，執行董事為蔡潤初先生、陳健先生、戴國強先生及洪宏佳女士； 及獨立非執行董事為黎卓如女士、黃向陽先生及樂可慰先生。 ...

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: | 2026年2月28日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 時代環球集團控股有限公司 | | | 呈交日期: | 2026年3月2日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 02310 說明 無 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 1,092,877,195 0 1,092,877,195 增加 / 減少 (-) 本月底結存 1,092,877,195 0 1,092,877,195 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D ...

Key Points - A total of 129 stocks reached 52-week highs as of February 11, with notable performers including Lexin Outdoor (02720), Times Universal Group (02310), and Shanghai Qingpu Fire (08115) [1] - Lexin Outdoor achieved a high rate of 34.35%, closing at 38.000 and reaching a peak of 39.500 [1] - Times Universal Group recorded a high rate of 30.56%, with a closing price of 0.078 and a peak of 0.094 [1] - Shanghai Qingpu Fire had a high rate of 27.04%, closing at 9.030 and peaking at 9.020 [1] 52-Week High Rankings - The top three stocks with the highest increase rates are Lexin Outdoor (34.35%), Times Universal Group (30.56%), and Shanghai Qingpu Fire (27.04%) [1] - Other notable stocks include Global Printing (08448) with a 21.84% increase, and Maokai Kwai Chong (01716) with an 18.68% increase [1] - The list includes various companies across different sectors, indicating a broad market interest [1] Additional Stock Performance - The report also highlights stocks that have shown significant increases, such as Jian Tao Laminated Board (01888) with a 13.60% increase and Xingli (Hong Kong) Holdings (00396) with a 12.40% increase [1] - The data reflects a positive trend in the market, with many companies experiencing growth [1]

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: | 2026年1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: | 時代環球集團控股有限公司 | | | 呈交日期: | 2026年2月2日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.2.0 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) 02310 說明 無 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 1,092,877,195 0 1,092,877,195 增加 / 減少 (-) 本月底結存 1,092,877,195 0 1,092,877,195 足夠公眾持股量的確認(註4) | 根據《主板上市規則》第13.32D(1)條或第19A.28D(1)條 / 《GEM上市規則》第17.37D(1)條或第25.21D ...

| 截至月份: | 2025年12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: | 時代環球集團控股有限公司 | | | 呈交日期: | 2026年1月2日 | | | I. 法定/註冊股本變動 不適用 | | | 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 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 | 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) | 02310 | 說明 | 無 | | | | | | | | 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 | | | 1,092,877,195 | | | | 1,092,877,195 | | 增加 / 減少 (-) | | | ...

Core Viewpoint - Oriental Garden's wholly-owned subsidiary plans to acquire 100% equity of Haicheng Ruihai and 80% equity of Electric Investment Ruixiang, marking a significant asset restructuring and a strategic shift towards renewable energy [1][3]. Group 1: Acquisition Details - The acquisition involves cash payment, with the purchase of Haicheng Ruihai's 100% equity to be conducted through a public listing at the Tianjin Property Rights Exchange, with a starting price of 14.1 million yuan [3]. - The valuation and transaction price for the target assets have not yet been determined as the auditing and evaluation work is still ongoing [3]. Group 2: Business Transformation - Following the completion of judicial restructuring in 2024, the company aims to divest its traditional ecological and environmental protection business and focus on a strategic layout in the renewable energy sector [3]. - The new business initiatives will include the development and operation of centralized power stations, distributed energy projects, and the securitization of renewable energy resources [3]. Group 3: Financial Performance - Since 2020, Oriental Garden has faced significant financial losses, with a reported revenue of 156 million yuan for the first three quarters of 2025, a decrease of 77.18% year-on-year [4]. - The company reported a net loss attributable to shareholders of 2.0659 million yuan, compared to a loss of 2.28 billion yuan in the same period last year [4]. - The company is also involved in multiple legal disputes, with total claims amounting to 317 million yuan, representing 20.61% of its latest audited net assets [4]. Group 4: Stock Market Reaction - On December 15, the company's stock price increased by 5.17%, closing at 2.44 yuan per share, with a total market capitalization of 14.64 billion yuan [7].

Core Viewpoint - Dongfang Garden is initiating a significant asset restructuring to strategically enter the renewable energy sector after successfully completing judicial reorganization and divesting its traditional ecological and environmental business [1][5]. Group 1: Asset Restructuring - Dongfang Garden plans to acquire 100% equity of Haicheng Ruihai New Energy Co., Ltd. and 80% equity of Beijing Electric Power Investment Ruixiang New Energy Development Co., Ltd. through cash payments [3]. - The acquisition of Haicheng Ruihai will be conducted via a public bidding process at the Tianjin Property Exchange, with a minimum transfer price of 14.1 million yuan [3][4]. - The transaction is expected to constitute a major asset restructuring, with the company committed to disclosing and implementing the acquisition in accordance with relevant regulations [3]. Group 2: Business Overview of Target Companies - Haicheng Ruihai, established in 2018, focuses on the investment, development, construction, and operation of decentralized wind farms, with a total connected capacity of 41 MW as of June 30, 2025 [4]. - Revenue for Haicheng Ruihai was approximately 44.19 million yuan in 2024 and 20.52 million yuan in the first half of 2025, with net profits of 2.76 million yuan and 3.33 million yuan respectively [4]. - Beijing Electric Power Investment Ruixiang, founded in 2023, specializes in centralized wind farms and distributed photovoltaic power stations, with a total connected capacity of 761.62 MW as of June 30, 2025 [4]. - Revenue for Electric Power Investment Ruixiang was approximately 232 million yuan in 2024 and 175 million yuan in the first half of 2025, with net profits of 53.24 million yuan and 51.95 million yuan respectively [4]. Group 3: Strategic Goals - The restructuring aims to enhance Dongfang Garden's business transformation towards renewable energy, focusing on centralized power station development, distributed energy project development, and the securitization of renewable resources [4][5]. - The company is changing its name from "Beijing Dongfang Garden Environment Co., Ltd." to "Beijing Dongfang Ecological New Energy Co., Ltd." and its stock name from "Dongfang Garden" to "Dongfang New Energy" to better align with its current business focus and future development strategy [5].

Core Viewpoint - Dongfang Garden is initiating a significant asset restructuring to strategically enter the renewable energy sector, changing its name to "Dongfang Xinneng" while retaining its stock code [2][6]. Group 1: Asset Restructuring - Dongfang Garden plans to acquire 100% of Haicheng Ruihai Wind Power Co., Ltd. and 80% of Beijing Electric Power Investment Ruixiang New Energy Development Co., Ltd. through cash payments [4]. - The acquisition of Haicheng Ruihai is set to occur via a public bidding process at the Tianjin Property Exchange, with a minimum transfer price of 14.1 million yuan [4][5]. - The transaction is expected to constitute a major asset restructuring, with the company committed to disclosing further details as required [4]. Group 2: Financial Performance of Target Companies - Haicheng Ruihai, established in 2018, focuses on the investment, development, construction, and operation of decentralized wind farms, with a total connected capacity of 41 MW as of June 30, 2025 [5]. - For the first half of 2025, Haicheng Ruihai reported revenues of 20.52 million yuan and a net profit of 3.33 million yuan [5]. - Beijing Electric Power Investment Ruixiang, founded in 2023, operates centralized wind farms and distributed photovoltaic power stations, with a total connected capacity of 761.62 MW as of June 30, 2025 [5]. - The company reported revenues of 232 million yuan and a net profit of 53.24 million yuan for the first half of 2025 [5]. Group 3: Strategic Direction - The restructuring aligns with Dongfang Garden's completion of judicial reorganization and the successful divestment of its traditional ecological and environmental business [5][6]. - The company aims to focus on the development and operation of centralized power stations, distributed energy projects, and the securitization of renewable energy resources as part of its new strategic layout [5][6]. - The name change to "Beijing Dongfang Ecological New Energy Co., Ltd." reflects the company's commitment to transitioning towards renewable energy as its core growth engine and future direction [6].