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，並明確表示概不就因本公告全部或任何部份內容而 產生或因依賴該等內容而引致之任何損失承擔任何責任。 久融控股有限公司 Jiu Rong Holdings Limited （於開曼群島註冊成立之有限公司） （股份代號：2358） 董事會召開日期 本公告之中英文本如有歧義，概以英文本為準。 陳雲翔 久融控股有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，本公司將於二零二五年 九月十九日（星期五）於香港灣仔港灣道1號會展廣場辦公大樓49樓8室舉行董事會會議， 藉以（其中包括）批准本公司及其附屬公司截至截至二零二五年六月三十日止十八個月之 全年業績公佈，以及考慮派發末期股息（如有）。 承董事會命 久融控股有限公司 執行董事 香港，二零二五年九月九日 董事會 於本公告日期，執行董事為陳雲翔先生、劉冰婕女士及嚴振東先生，而獨立非執行董事 為陳征先生、黃志堅先生及華能東先生。 ...

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: | 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: | 久融控股有限公司 | | | | | | 呈交日期: | 2025年9月1日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 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) | 02358 | 說明 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | ...

（原标题：久融控股(02358)附属完成出售杭州东部软件园约5.22%股权） 智通财经APP讯，久融控股(02358)发布公告，于2025年2月28日，卖方(公司间接全资附属公司久融新能 源科技有限公司)拟向买方(杭州易和网路有限公司)出售目标公司(杭州东部软件园股份有限公司)已发行 股本总额约5.22%，代价约为人民币3648.78万元。 出售事项已于2025年8月28日根据股权转让协议及正式协议的条款及条件完成。完成后，待售股份不再 由卖方持有，而公司亦不再拥有任何待售股份的权益。 ...

久融控股(02358)发布公告，于2025年2月28日，卖方(公司间接全资附属公司久融新能源科技有限公司) 拟向买方(杭州易和网路有限公司)出售目标公司(杭州东部软件园股份有限公司)已发行股本总额约 5.22%，代价约为人民币3648.78万元。 出售事项已于2025年8月28日根据股权转让协议及正式协议的条款及条件完成。完成后，待售股份不再 由卖方持有，而公司亦不再拥有任何待售股份的权益。 ...

–1– 出售事項的完成 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 產生或因依賴該等內容而引致的任何損失承擔任何責任。 久融控股有限公司 Jiu Rong Holdings Limited （於開曼群島註冊成立之有限公司） （股份代號：2358） 有關出售待售股份之 主要交易的完成 茲提述：(i)久融控股有限公司（「本公司」）於二零二五年二月二十八日刊發的公告及於二 零二五年五月二十六日刊發的通函（「通函」），內容涉及（其中包括）出售事項；(ii)本公 司於二零二五年三月二十一日、二零二五年四月十一日及二零二五年四月二十五日刊發 的公告，內容有關延遲寄發通函；及(iii)本公司於二零二五年六月十三日刊發的公告，內 容涉及（其中包括）本公司股東特別大會的投票結果。除文義另有所指外，本公告所用之 詞彙與通函所界定者具有相同涵義。 於本公告日期，執行董事為陳雲翔先生、劉冰婕女士及嚴振東先生，而獨立非執行董事 為陳征先生、黃志堅先生及華能東先生。 –2– 董事會欣然宣佈，出售事項已於二零二五年八月二十八日根 ...

Financial Performance - Revenue for the twelve months ended December 31, 2024, was HKD 786,941,000, representing a 66.7% increase from HKD 471,779,000 in 2023[6] - Gross profit for the same period was HKD 74,103,000, up 19.9% from HKD 61,739,000 in the previous year[6] - The company reported a net loss of HKD 45,448,000 for the twelve months ended December 31, 2024, compared to a net loss of HKD 383,293,000 in 2023, indicating a significant improvement[6] - The company reported a loss before tax of HKD 55,856,000, with significant losses in the digital video segment amounting to HKD 158,600,000[33] - The group reported a pre-tax loss of HKD 390,185,000 for the year ended December 31, 2023, compared to a pre-tax loss of HKD 43,020,000 for the year ended December 31, 2024[36] - Other income for the year ended December 31, 2024, was HKD 16,911,000, a decrease from HKD 39,496,000 in the previous year[39] - The group recognized a total of HKD 768,179,000 in revenue for the year ended December 31, 2024, with the majority coming from the Chinese market[36] Assets and Liabilities - Total assets as of December 31, 2024, were HKD 2,090,291,000, a decrease from HKD 2,235,658,000 in 2023[9] - Current liabilities increased to HKD 1,764,241,000 in 2024 from HKD 1,677,926,000 in 2023, leading to a negative net current liabilities position of HKD 935,220,000[8] - As of December 31, 2024, the company's total equity was HKD 29,602,000, down from HKD 82,936,000 at the end of the previous year[11] - Total reportable assets as of December 31, 2024, amounted to HKD 2,058,880,000, with liabilities totaling HKD 2,058,791,000, indicating a near balance between assets and liabilities[33] - The asset-liability ratio was 1.37 as of December 31, 2024, slightly up from 1.35 a year prior[68] Cash Flow - Cash outflows from operating activities amounted to HKD 408,288,000, compared to HKD 1,156,000 for the previous year[12] - Net cash inflows from investing activities were HKD 247,371,000, an increase from HKD 77,194,000 in the prior year[12] - The company had a net cash inflow from financing activities of HKD 164,053,000, reversing a cash outflow of HKD 166,628,000 in the previous year[12] - The company’s cash and cash equivalents decreased to HKD 3,976,000 in 2024 from HKD 4,247,000 in 2023[8] - The company’s cash and cash equivalents decreased to HKD 3,976,000 from HKD 4,247,000 year-over-year[12] Segment Performance - Revenue from the digital video business reached HKD 495,106,000, while the new energy vehicle business generated HKD 269,194,000, contributing to a total revenue of HKD 786,941,000 for the reporting period[33] - The company has six reportable segments, including digital video, new energy vehicles, cloud ecosystem big data, property development, property investment, and general trade[30] - The cloud ecosystem big data segment reported a revenue of HKD 3,879,000, while property investment generated HKD 18,762,000 in revenue[33] - Digital video business revenue reached approximately HKD 495,106,000, a 116% increase compared to HKD 229,223,000 in the previous year[73] - Revenue from the new energy vehicle business was approximately HKD 269,194,000, reflecting a 27% increase from HKD 211,277,000 year-on-year[73] Investments and Financing - The company plans to coordinate the sale of certain assets related to property development and investment, expecting to receive proceeds according to a specified timeline[16] - The company is in discussions with banks and an indirect shareholder regarding loan renewals and new financing[16] - The company invested 46% in Heilongjiang New Oasis Real Estate Development Co., Ltd., focusing on property development in Harbin, China[32] - The company plans to develop a "cloud ecosystem" integrating IoT, big data, and cloud computing technologies in its property development projects[32] - The company has a share option plan in place, which allows for the granting of options equivalent to 10% of the issued shares at any time[56] Employee and Operational Metrics - The company employed 399 staff as of December 31, 2024, compared to 395 staff a year earlier, with total employee benefits and expenses amounting to approximately HKD 81,454,000[70] - Approximately HKD 11,158,000 was spent on property, plant, and equipment during the period, primarily for establishing electric vehicle charging stations, compared to HKD 23,456,000 in the previous year[48] - The group operates 102 electric vehicle charging stations in Hangzhou, with a total of 2,517 AC charging guns and 2,807 DC charging guns[75] - The group plans to continue investing in the electric vehicle business and expand charging stations in Hangzhou and other provinces to capture market share, aiming to become one of the largest operators of electric vehicle charging facilities in China[75] Corporate Governance - The board of directors has confirmed compliance with the standard code of conduct for securities trading throughout the reporting period[82] - The company has adhered to all provisions of the corporate governance code during the reporting period[83] - The audit committee reviewed the accounting principles and financial reporting matters for the twelve months ending December 31, 2024[84] - The interim results announcement and report for the twelve months ending December 31, 2024, are available on the Hong Kong Stock Exchange website and the company's website[85]

Financial Performance - Revenue for the twelve months ended December 31, 2024, was HKD 786,941,000, representing a 66.7% increase from HKD 471,779,000 in the same period of 2023[3] - Gross profit for the same period was HKD 74,103,000, up 19.9% from HKD 61,739,000 year-on-year[3] - The net loss attributable to the company for the period was HKD 45,448,000, significantly reduced from a loss of HKD 383,293,000 in the previous year, marking an 88.1% improvement[4] - The company reported a loss before tax of HKD (55,856,000) for the year, compared to a loss of HKD (390,185,000) in the previous year, showing an improvement in financial performance[38][40] - The group reported a pre-tax loss of HKD 41,926,000 for the twelve months ending December 31, 2024, compared to a loss of HKD 385,961,000 for the same period in 2023, indicating a significant improvement[42] - The group’s total revenue for the twelve months ending December 31, 2024, was HKD 768,179,000, with significant contributions from digital and new energy sectors[42] Assets and Liabilities - The company's total assets decreased to HKD 2,090,291,000 from HKD 2,235,658,000, a decline of 6.5% year-on-year[6] - Current liabilities increased to HKD 1,764,241,000 from HKD 1,677,926,000, reflecting a 5.1% rise[6] - The company's cash and cash equivalents decreased to HKD 3,976,000 from HKD 4,247,000, a decline of 6.4%[6] - Total assets as of December 31, 2024, amounted to HKD 2,058,880,000, with liabilities of HKD (2,058,791,000), resulting in a marginal net asset position[38] - The company reported a loss of approximately HKD 45,448 thousand for the year, with current liabilities amounting to approximately HKD 935,220 thousand, raising concerns about the company's ability to continue as a going concern[17] Cash Flow - For the twelve months ending December 31, 2024, the net cash outflow from operating activities was HKD (408,288) thousand, compared to HKD (1,156) thousand in 2023, indicating a significant increase in cash outflow[13] - The net cash inflow from investing activities increased to HKD 247,371 thousand in 2024 from HKD 77,194 thousand in 2023, reflecting improved investment performance[13] - The net cash inflow from financing activities was HKD 164,053 thousand in 2024, a turnaround from a net outflow of HKD (166,628) thousand in 2023, suggesting better financing conditions[13] - The total cash and cash equivalents at the end of 2024 were HKD 3,976 thousand, a decrease from HKD 4,247 thousand at the end of 2023, despite a net increase of HKD 3,136 thousand during the year[13] Business Segments - The digital video business generated revenue of HKD 495,106,000, while the new energy vehicle business contributed HKD 269,194,000, indicating strong performance in both sectors[38] - The cloud ecosystem big data business reported revenue of HKD 3,879,000, indicating a growing interest in data management solutions[38] - The property investment segment generated rental income of HKD 18,762,000, contributing to the overall revenue stream[38] - The digital video business is expected to continue expanding with the production and sales of smart TVs and related products[34] - The company plans to enhance its cloud ecosystem by integrating IoT, big data, and cloud computing technologies into its operations[36] Investments and Future Plans - The company invested in various sectors, including a 46% stake in Heilongjiang New Oasis Real Estate Development Co., Ltd., focusing on property development in Harbin[36] - The company plans to continue investing in the new energy vehicle business and expand electric vehicle charging stations in Hangzhou and other provinces to capture market share[83] - The company plans to coordinate the sale of certain assets related to property development and investment, with expected proceeds to be received according to a specified timeline[17] - The company aims to actively explore new business opportunities and consider fundraising opportunities to strengthen its financial position[84] Governance and Compliance - The company has not adopted any new or revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective, and is currently assessing their impact on performance and financial position[16] - The company has adhered to all provisions of the corporate governance code during the reporting period[93] - The audit committee reviewed the accounting principles and financial reporting matters with management for the twelve months ending December 31, 2024[94] Shareholder Information - The company’s issued and paid-up share capital remains at HKD 547,200,000, with 5,472,000,000 shares issued[61] - The company’s stock option plan allows for the granting of options equivalent to 10% of the issued shares at any time[63] - As of December 31, 2024, Alpha Century Assets Limited and Ms. Wang Qianfeng each hold 10.96% of the company's shares, totaling 600,000,000 shares[86] Dividends and Remuneration - The group did not recommend any interim dividend for the twelve months ending December 31, 2024, consistent with the previous year[53] - Total remuneration paid to directors during the period was approximately HKD 892,000, compared to HKD 1,465,000 in the previous year[68]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 365,595,000, representing an increase of 3.4% compared to HKD 353,372,000 in the same period of 2023[3] - Gross profit decreased to HKD 25,961,000, down 23.9% from HKD 34,113,000 year-on-year[3] - Loss before tax for the period was HKD 18,718,000, compared to a loss of HKD 6,123,000 in the same period last year, indicating a deterioration in performance[3] - Total comprehensive loss attributable to owners of the company was HKD 30,877,000, slightly improved from HKD 33,506,000 in the previous year[4] - The company reported a basic and diluted loss per share of HKD 0.38, compared to HKD 0.13 in the previous year[4] - For the six months ended June 30, 2024, the company reported a total comprehensive loss of approximately HKD 30,877,000, compared to a loss of HKD 33,506,000 for the same period in 2023, indicating a decrease in losses by about 7.7%[7] - The company reported a net loss of HKD 18,718 for the six months ended June 30, 2024, compared to a net loss of HKD 6,123 in the previous year[24] - The company reported a pre-tax loss of approximately HKD 20,844,000 for the six months ended June 30, 2024, compared to a loss of HKD 6,988,000 for the same period in 2023[31] Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 16,425,000 from HKD 4,247,000, indicating improved liquidity[5] - The net cash outflow from operating activities for the six months ended June 30, 2024, was HKD 432,958,000, significantly higher than the outflow of HKD 35,790,000 in the same period of 2023[8] - The company generated a net cash inflow from investing activities of HKD 184,122,000 for the six months ended June 30, 2024, compared to HKD 38,756,000 in the previous year, reflecting an increase of approximately 376%[8] - Financing activities resulted in a net cash inflow of HKD 260,873,000 for the six months ended June 30, 2024, a turnaround from a net outflow of HKD 88,117,000 in the same period of 2023[8] - As of June 30, 2024, cash and cash equivalents amounted to approximately HKD 16,425,000, significantly up from HKD 4,247,000 as of December 31, 2023[45] Assets and Liabilities - Non-current assets decreased to HKD 1,310,362,000 from HKD 1,381,775,000 as of December 31, 2023[5] - Current liabilities increased significantly to HKD 1,680,647,000 from HKD 1,677,926,000, reflecting a rise in financial obligations[6] - Total equity attributable to owners of the company decreased to HKD 52,059,000 from HKD 82,936,000, reflecting a decline in shareholder value[6] - The company reported a net current liability of approximately HKD 884,986,000 as of June 30, 2024, raising concerns about its ability to continue as a going concern[10] - Total assets as of June 30, 2024, amounted to HKD 2,071,242, up from HKD 2,208,840 at the end of 2023[23] - Total liabilities were HKD 2,051,487, compared to HKD 2,149,661 at the end of 2023, showing a reduction in liabilities[23] Business Segments - The company operates in six reportable segments, including digital video, new energy vehicles, cloud ecosystem big data, property development, property investment, and general trading[17][18][19][20][21] - The digital video segment includes the production and sale of digital televisions and related telecommunications solutions[17] - The new energy vehicle segment focuses on the construction and management of electric vehicles and related charging facilities[18] - The property development segment is involved in the development of a big data industrial park in Hangzhou, integrating IoT and cloud computing technologies[19] - The company holds a 46% stake in Heilongjiang New Oasis Real Estate Development Co., which focuses on property development in Harbin[19] - The company has ceased its property development project in Wenzhou, resulting in a book value of zero for its investment in the joint venture[19] Revenue by Segment - Total revenue for the digital video business was HKD 165,615, a decrease of 25.1% compared to HKD 221,159 in the same period last year[23] - Revenue from the new energy vehicle business reached HKD 188,615, an increase of 59.5% from HKD 118,186 year-over-year[23] - The cloud ecosystem big data business generated revenue of HKD 2,349, compared to HKD 932 in the previous year, reflecting a significant growth[23] - The property development segment recorded zero revenue for the six months ended June 30, 2024, down from HKD 1,317,000 in the previous year[47] - The property investment segment generated revenue of approximately HKD 9,016,000 for the six months ended June 30, 2024, a decrease of about 20.63% from HKD 11,359,000 in the same period of 2023[47] Employee and Operational Expenses - Employee benefits expenses increased to HKD 35,950,000 in the first half of 2024, up from HKD 31,239,000 in the same period of 2023, primarily due to higher wages and salaries[29] - The company reported a net foreign exchange loss of HKD 29,000 for the first half of 2024, compared to a gain of HKD 423,000 in the same period of 2023[30] - The company did not declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[32] - The company has not made any provisions for Hong Kong profits tax due to losses recorded during the period[30] Future Plans and Strategies - The company aims to expand its market presence in China, where significant revenue growth has been observed in both the new energy vehicle and big data sectors[26] - The company continues to invest in new technologies and product development to enhance its service offerings in the digital video and cloud data sectors[26] - The company plans to continue investing in the new energy vehicle business and expand its electric vehicle charging station network in China, aiming to become one of the largest operators in the market[48] - A letter of intent for the sale of 100% equity in a wholly-owned subsidiary was signed on June 28, 2024, as part of the company's strategy to improve financial resources and reduce debt[48] - The company is focused on evaluating business performance, investing in new energy vehicles, big data, and property development, while also seeking fundraising opportunities to enhance financial stability[48] Compliance and Governance - The company has adopted the corporate governance code and confirmed compliance with all relevant regulations during the reporting period[51]

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 365,595, an increase of 3.5% compared to HKD 353,372 for the same period in 2023[1] - Gross profit decreased to HKD 25,961, down 23.9% from HKD 34,113 in the previous year[1] - The company reported a loss before tax of HKD 18,718, compared to a loss of HKD 6,123 in the same period last year, representing a 205.5% increase in losses[1] - The total comprehensive loss attributable to owners of the company was HKD 30,877, a decrease from HKD 33,506 in the previous year[2] - Basic and diluted loss per share was HKD 0.38, compared to HKD 0.13 in the previous year, indicating a significant increase in losses per share[2] - For the six months ended June 30, 2024, the company reported a total comprehensive loss of approximately HKD 20,844,000, compared to a loss of HKD 33,506,000 for the same period in 2023, indicating a year-over-year improvement[9] - The group reported a loss before tax of HKD 22,891,000 for the six months ended June 30, 2024, compared to a loss of HKD 5,687,000 in the same period of 2023, indicating a significant increase in losses[24] - The company reported a net cash outflow from operating activities, indicating potential liquidity challenges, with current liabilities netting approximately HKD 884,986,000 as of June 30, 2024[9] Income and Gains - Other income and gains rose significantly to HKD 15,626, compared to HKD 7,761 in the prior year, marking a 101.5% increase[1] - Other income and gains increased to HKD 15,626,000 in 2024 from HKD 7,761,000 in 2023, primarily driven by higher bank interest income and government grants[28] Assets and Liabilities - Non-current assets decreased to HKD 1,310,362 from HKD 1,381,775, reflecting a decline of 5.2%[3] - Current assets decreased to HKD 795,661 from HKD 853,883, a reduction of 6.8%[3] - Total liabilities increased to HKD 1,680,647 from HKD 1,677,926, showing a slight increase of 0.1%[3] - The net asset value attributable to owners decreased to HKD 52,059 from HKD 82,936, a decline of 37%[4] - The total reported assets as of June 30, 2024, were HKD 2,071,242,000, while total liabilities were HKD 2,051,487,000, indicating a slight asset surplus[22] - Trade receivables as of June 30, 2024, were HKD 329,336,000, a decrease of 16.5% from HKD 394,453,000 as of December 31, 2023[36] - Trade payables as of June 30, 2024, were HKD 439,380,000, down 53.5% from HKD 944,651,000 as of December 31, 2023[39] - Bank loans decreased to HKD 490,838,000 as of June 30, 2024, from HKD 607,170,000 as of December 31, 2023, a reduction of 19.3%[41] - Total liabilities, including trade payables and loans, decreased to HKD 946,106,000 from HKD 1,221,696,000, a decline of 22.5%[39] Cash Flow - The net cash outflow from operating activities for the six months ended June 30, 2024, was HKD 432,958,000, significantly higher than the outflow of HKD 35,790,000 in the previous year[7] - The company generated a net cash inflow from investing activities of HKD 184,122,000 for the six months ended June 30, 2024, compared to HKD 38,756,000 in the same period of 2023[7] - Financing activities resulted in a net cash inflow of HKD 260,873,000 for the six months ended June 30, 2024, contrasting with a net outflow of HKD 88,117,000 in the previous year[7] - As of June 30, 2024, the company's cash and cash equivalents increased to HKD 16,425,000 from HKD 9,828,000 at the end of June 2023[7] Business Segments - The company reported external customer revenue of HKD 353,372,000 for the six months ended June 30, 2024, with the digital video business contributing HKD 221,159,000 and the new energy vehicle business contributing HKD 118,186,000[21] - The digital video business generated revenue of HKD 165,615,000, while the new energy vehicle charging services contributed HKD 188,615,000, and big data services accounted for HKD 2,349,000[25] - The digital video business generated revenue of approximately HKD 165,615,000, a decrease of about 25.1% from HKD 221,159,000 in the previous year[53] - The new energy vehicle business saw revenue increase to approximately HKD 188,615,000, up about 59.6% from HKD 118,186,000 year-on-year[53] - The cloud ecosystem big data business reported revenue of approximately HKD 2,349,000, an increase of about 152.04% from HKD 932,000 in the previous year[53] Investments and Future Plans - The company plans to continue investing in the new energy vehicle business and expand electric vehicle charging stations in China, aiming to become one of the largest operators in the market[54] - The board has signed a letter of intent to sell 100% equity of its wholly-owned subsidiary, indicating a strategic review of existing businesses to improve financial resources[54] - The company continues to expand its digital video and new energy vehicle businesses through subsidiaries, focusing on integrated telecommunications and smart management systems[15][16] Governance and Compliance - The company adhered to all provisions of the corporate governance code during the reporting period[59] - All directors confirmed compliance with the standard code of conduct during the six months ending June 30, 2024[58] - The audit committee reviewed the accounting principles and financial reporting matters for the six months ending June 30, 2024[60] Share Capital and Ownership - The company's total issued share capital remained at 547,200,000 shares, with a share premium of HKD 179,968,000 as of June 30, 2024[6] - As of June 30, 2024, Alpha Century Assets Limited holds 600,000,000 shares, representing 10.96% of the company's issued share capital[55] - Ms. Wang Qianfeng also holds 600,000,000 shares, equivalent to 10.96% of the company's issued share capital[55] - Data Source Technology Co., Ltd. owns 546,466,000 shares, accounting for 9.99% of the company's issued share capital[55] Dividends and Remuneration - The company did not declare any interim dividend for the six months ended June 30, 2024, consistent with the previous year[34] - Total remuneration paid to directors during the period was approximately HKD 486,000, a decrease from HKD 780,000 in the previous period[47]

Financial Performance - The company recorded a revenue of approximately HKD 471,779,000 for the year ended December 31, 2023, a decrease of about 44% compared to HKD 837,897,000 in the previous year[8]. - Gross profit for the year was approximately HKD 61,739,000, down about 28% from HKD 85,828,000 year-on-year[8]. - The company reported a loss of approximately HKD 383,293,000, with basic loss per share of HKD 0.07, compared to HKD 0.0165 in the previous year[8]. - The digital video business revenue decreased to approximately HKD 229,223,000, a decline of about 58.44% from HKD 551,613,000 in 2022[31]. - The electric vehicle business recorded revenue of approximately HKD 211,277,000 for the year ended December 31, 2023, a decrease of about 4.57% compared to HKD 221,400,000 in 2022[32]. - The cloud big data business generated revenue of approximately HKD 2,799,000 for the year ended December 31, 2023, a significant decrease of about 92.32% from HKD 36,456,000 in 2022[33]. - The property investment business recorded revenue of approximately HKD 23,328,000, down about 4.74% from HKD 24,488,000 in the previous year[33]. - The company reported a net loss of approximately HKD 383,293,000 for the year ended December 31, 2023, compared to a loss of approximately HKD 90,151,000 in 2022[31]. - The total assets decreased to HKD 2,235,658,000 in 2023 from HKD 2,956,226,000 in 2022, a decline of 24.4%[167]. - The company's equity decreased significantly to HKD 82,936,000 in 2023 from HKD 475,554,000 in 2022, a decline of 82.6%[168]. Cash Flow and Liquidity - Cash and cash equivalents at the end of the year were approximately HKD 4,247,000, significantly down from HKD 95,970,000 in the previous year[8]. - The company experienced a decrease in cash and cash equivalents, with a net reduction of HKD 90,590,000, ending the year with HKD 4,247,000 compared to HKD 95,970,000 at the beginning of the year[173]. - The company’s net current liabilities amounted to approximately HKD 824,043,000, raising concerns about its ability to continue as a going concern[177]. - The company received financing of approximately HKD 418,100,000 from an indirect shareholder, with HKD 394,555,000 drawn down as of the reporting date[178]. - Cash flow from operating activities showed a net outflow of HKD 1,156,000, a sharp decline from a net inflow of HKD 80,565,000 in the previous year[173]. Corporate Governance - The board emphasizes the importance of corporate governance and has implemented measures to maintain high standards, although there are some deviations from the Corporate Governance Code[43]. - The board structure is under review, and the company is seeking suitable candidates to fill the vacant positions of chairman and CEO[43]. - The board is committed to ensuring compliance with listing rules and corporate governance codes, taking remedial actions as necessary[47]. - The board consists of five members, with three being independent non-executive directors, ensuring a strong oversight and control mechanism[56]. - The company has adopted a code of conduct for securities trading that meets or exceeds the standards set by the listing rules[45]. Risk Management - The company faces significant risks in its electric vehicle business strategy due to changes in the business, economic, competitive, regulatory, or political environment[119]. - Currency risk is present as the company's operations are primarily in mainland China, with revenues and transactions generally settled in RMB, while reporting is in HKD[120]. - Credit risk exists if counterparties fail to settle debts on time, with measures in place for credit risk management and verification of new customers[120]. - The company has established an internal control policy and procedures manual to ensure compliance with corporate governance codes[88]. - Risk management systems are in place to identify, measure, manage, and monitor risks affecting the group, including liquidity and operational risks[88]. Employee Compensation - The total employee compensation for the year was approximately HKD 90,563,000, an increase from approximately HKD 64,551,000 in 2022[29]. - Independent non-executive directors have signed one-year service contracts with an annual remuneration of HKD 120,000 each[124]. Investment and Development - The company has terminated a property development project in 2023 due to the current state of the Chinese real estate market, resulting in a recorded impairment loss[13]. - The company has not disclosed any new product developments or market expansion strategies during the reporting period[165]. - The company plans to coordinate the sale of certain assets related to its property development and investment business, with expected proceeds to be received according to a specified timeline[178]. Audit and Compliance - The audit committee, composed of three independent non-executive directors, has been established to review and supervise the group's financial reporting procedures[136]. - The audit committee reviewed the accounting principles and policies adopted by the group, as well as its internal control systems[62]. - The consolidated financial statements for the year ended December 31, 2023, have been audited by Zhonghui Anda CPA Limited[138]. - The independent auditor's report highlights the need for the board to assess the group's ability to continue as a going concern and disclose relevant matters[160]. Environmental and Social Responsibility - The company has implemented various measures to promote environmental protection, although no formal environmental policy has been established[134]. - The company will publish an Environmental, Social, and Governance (ESG) report in accordance with the listing rules[134].