Core Viewpoint - Times Universal Group (02310.HK) announced the resignation of its auditor, Kwan (Hong Kong) CPA Limited, effective from October 30, 2025, and appointed RSM (Hong Kong) CPA Limited as the new auditor, also effective from October 30, 2025, to fill the vacancy until the next annual general meeting [1]. Group 1 - Kwan (Hong Kong) CPA Limited has resigned as the company's auditor [1] - RSM (Hong Kong) CPA Limited has been appointed as the new auditor [1] - The appointment of RSM is effective from October 30, 2025, until the conclusion of the next annual general meeting [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 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） 更換核數師 本 公 告 乃 由 時 代 環 球 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」）證券上市規則第13.51 (4)條作出。 核數師辭任 本公司之董事（「董事」）會（「董事會」）謹此宣佈，久安（ 香港 ）會計師事務所有限公 司（「久安」）已辭任本公司核數師，自二零二五年十月三十日起生效。由於本公司 與久安未能就截至二零二五年十二月三十一日止財政年度之審計費用達成共識， 本公司審核委員會及董事會已決定不再聘用久安為截至二零二五年十二月三十一 日止年度提供審計服 ...

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9月30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: 2025年10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 | 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 (-) | | | | | | | | | 本月底結存 | | | 1,092,877,195 | | 0 | | 1,092,877,19 ...

NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, Times Universal Group Holdings Limited (the "Company") — Notice of publication of Interim Report 2025 (the "Current Corporate Communication") （Stock Code 股份代號：2310） 時代環球集團控股有限公司 (Incorporated in Hong Kong with limited liability) （於香 (Stock Code: 2310) 港註冊成立之有限公司） TIMES UNIVERSAL GROUP HOLDINGS LIMITED The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.timesuniversal.com an ...

TIMES UNIVERSAL GROUP HOLDINGS LIMITED 時代環球集團控股有限公司 (Incorporated in Hong Kong with limited liability) （於香 (Stock Code: 2310) 港註冊成立之有限公司） （Stock Code 股份代號：2310） NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder(s) (Note 1) , Times Universal Group Holdings Limited (the "Company") — Notification of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.tim ...

Financial Performance - Revenue for the first half of 2025 increased by approximately HK$2.4 million or 4.7% to approximately HK$52.4 million compared to HK$50.0 million in the first half of 2024[16]. - Loss before tax for the first half of 2025 was HK$5.1 million, an increase of 82.3% from HK$2.8 million in the first half of 2024[14]. - Loss for the period increased to HK$4.96 million in the first half of 2025 from HK$2.94 million in the first half of 2024, representing a 68.5% increase[14]. - Basic and diluted loss per share for the first half of 2025 was HK$0.45, up from HK$0.27 in the first half of 2024, marking a 68.5% increase[14]. - Total comprehensive expense for the period was HK$1,824,000, an improvement from HK$3,360,000 in the same period last year[74]. - Loss for the period attributable to owners of the Company was HK$4,958,000 in 2025, compared to HK$2,943,000 in 2024, indicating an increase in loss of about 68%[131]. Revenue Breakdown - Revenue from Hotel Operation accounted for approximately 56.8% of total revenue, increasing by approximately HK$2.6 million or 9.7% from approximately HK$27.1 million in 1H2024 to approximately HK$29.7 million in 1H2025[44]. - Revenue from Properties Management accounted for approximately 36.7% of total revenue, increasing by approximately HK$0.3 million or 1.5% from approximately HK$18.9 million in 1H2024 to approximately HK$19.2 million in 1H2025[45]. - Revenue from Catering Management decreased by approximately HK$0.5 million or 13.6% from approximately HK$4.0 million in 1H2024 to approximately HK$3.4 million in 1H2025, primarily due to a decrease in the total number of customers[46]. - Hotel operations revenue increased by approximately 9.7% to about HKD 29,700,000 in 1H2025, compared to HKD 27,100,000 in 1H2024, contributing approximately 56.8% to total revenue[47]. - Property management revenue rose by approximately 1.5% to about HKD 19,200,000 in 1H2025, up from HKD 18,900,000 in 1H2024, accounting for approximately 36.7% of total revenue[48]. - Catering management revenue decreased by approximately 13.6% to about HKD 3,400,000 in 1H2025, down from HKD 4,000,000 in 1H2024, representing about 6.6% of total revenue[49]. Expenses and Costs - Gross profit decreased by approximately HK$2.4 million from HK$13.5 million in the first half of 2024 to HK$11.1 million in the first half of 2025, primarily due to higher direct costs[17]. - Administrative expenses rose by approximately HK$0.6 million or 4.3% from HK$14.9 million in the first half of 2024 to HK$15.6 million in the first half of 2025[18]. - Staff costs increased by approximately HK$3.7 million or 16.4% from approximately HK$22.7 million in 1H2024 to approximately HK$26.4 million in 1H2025, mainly due to business expansion in Hotel Operation and Properties Management[36]. - Total depreciation expenses rose to HK$2,204,000 in 2025 from HK$1,858,000 in 2024, marking an increase of approximately 18.5%[125]. - The total legal and professional fees incurred were HK$2,688,000 in 2025, up from HK$2,239,000 in 2024, representing an increase of about 20%[125]. Assets and Liabilities - Total assets as of June 30, 2025, were HK$111.3 million, a 1.2% increase from HK$110.0 million at the end of 2024[14]. - Total liabilities increased by 2.1% to HK$148.8 million as of June 30, 2025, compared to HK$145.7 million at the end of 2024[14]. - The Group's net current liabilities rose by approximately HK$6.0 million from approximately HK$118.0 million as of December 31, 2024, to approximately HK$124.0 million as of June 30, 2025, with the current ratio decreasing from approximately 0.15 times to approximately 0.13 times[21]. - Non-current assets increased to HK$93,337,000 as of June 30, 2025, up from HK$89,564,000 at the end of 2024[76]. - Current liabilities rose to HK$141,885,000, compared to HK$138,369,000 at the end of 2024, indicating a 3.6% increase[76]. - Net liabilities stood at HK$37,502,000 as of June 30, 2025, worsening from HK$35,678,000 at the end of 2024[77]. Cash Flow - As of June 30, 2025, bank balances and cash amounted to approximately HK$7.4 million, down from approximately HK$10.2 million as of December 31, 2024[22]. - The net cash used in operating activities for the six months ended June 30, 2025, was HK$3,196,000, compared to HK$964,000 in the same period of 2024[91]. - The net cash used in investing activities for the same period was HK$1,607,000, an increase from HK$849,000 in 2024[91]. - Financing activities generated a net cash inflow of HK$743,000 for the six months ended June 30, 2025, down from HK$1,549,000 in 2024[91]. - Cash and cash equivalents decreased to HK$7,388,000 from HK$10,189,000, reflecting a decline of 27.5%[76]. Compliance and Governance - The company has maintained the required amount of public float as per the Listing Rules during the six months ended June 30, 2025[62]. - The company has complied with the Corporate Governance Code during the six months ended June 30, 2025[63]. - All directors have complied with the Model Code for Securities Transactions during the period ended June 30, 2025[64]. - The audit committee confirmed compliance with applicable accounting principles and adequate disclosures for the financial statements[70]. Strategic Outlook - The overall outlook for the hotel business in Canada and property management in the PRC remains stable despite potential economic challenges[50]. - The management team is implementing measures to reduce operating losses and improve financial results while exploring new business opportunities[51]. - The company continues to adopt the going concern basis of accounting, indicating confidence in its operational sustainability for the foreseeable future[97].

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8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: | 2025年9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 | 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 - Times Universal Group (02310.HK) reported a mid-year performance for 2025, showing a revenue of HKD 52.4 million, representing a year-on-year increase of 4.7%. However, the company recorded a loss attributable to shareholders of HKD 5 million, which is a significant year-on-year increase of 68.5%. The basic loss per share was HKD 0.45 [1]. Financial Performance - Revenue for the period reached HKD 52.4 million, marking a 4.7% increase compared to the previous year [1]. - The loss attributable to shareholders was HKD 5 million, reflecting a 68.5% increase year-on-year [1]. - Basic loss per share was reported at HKD 0.45 [1].

Core Viewpoint - Times Universal Group (02310) reported a mid-year performance for 2025, showing a revenue of HKD 52.4 million, representing a year-on-year increase of 4.7%. However, the company experienced a shareholder loss of HKD 5 million, which is a significant increase of 68.5% compared to the previous year. The basic loss per share is HKD 0.45 [1] Revenue Performance - The increase in revenue is primarily attributed to a rise in hotel operating income by approximately HKD 2.6 million, particularly from the hotel accommodation and catering segments [1]

Group 1 - The core point of the article is that Times Universal Group (02310) reported a mid-year performance for 2025, showing a revenue of HKD 52.4 million, which represents a year-on-year increase of 4.7% [1] - The company reported a loss attributable to shareholders of HKD 5 million, which is a year-on-year increase of 68.5% [1] - The basic loss per share is HKD 0.45 [1] Group 2 - The increase in revenue is primarily attributed to a rise in hotel operating income by approximately HKD 2.6 million, particularly from the hotel accommodation and catering segments [1]