Financial Performance - Revenue for the year ended December 31, 2025, was approximately RMB 58.9 million, a decrease of about 40.3% compared to RMB 98.6 million in 2024, primarily due to reduced customer demand in the IoT business[3] - The gross profit was approximately RMB 1.2 million, with a gross margin of about 2.1%, compared to a gross loss of RMB 0.5 million and a gross loss margin of 0.5% in 2024[3] - The net loss for the year was approximately RMB 157.8 million, compared to a net loss of RMB 77.5 million in 2024[3] - The basic and diluted loss per share for 2025 was RMB 48.55, compared to RMB 29.41 in 2024[4] - The group reported revenue from customer contracts of RMB 58,884,000 for the year 2025, a decrease of 40.4% compared to RMB 98,580,000 in 2024[15] - The group incurred a pre-tax loss of RMB 157,778,000 for the year, with significant losses reported across all segments[18] - The company reported a significant increase in interest income to RMB 642,000 in 2025 from RMB 286,000 in 2024[22] - The company’s total assets were valued at RMB 252,053,000, with total liabilities of RMB 46,616,000 as of December 31, 2024[19] - The company recorded a net loss of approximately RMB 157.8 million for the year ended December 31, 2025, compared to a net loss of RMB 77.5 million in 2024[39] Trade Receivables and Impairment - Trade receivables impairment loss was approximately RMB 108.7 million, significantly higher than RMB 29.4 million in 2024, but is expected not to adversely affect the overall cash flow or business operations[3] - The group reported a trade receivables impairment loss of RMB 108,719,000, indicating challenges in collecting receivables[18] - Trade receivables amounted to RMB 233,416,000 in 2025, with a credit loss provision of RMB (152,176,000), resulting in a net receivable of RMB 81,240,000[30] - The company anticipates an increase in impairment losses to RMB 108.7 million in 2025 from RMB 29.4 million in 2024 due to adverse economic conditions and deteriorating customer aging in the IoT business[39] Assets and Liabilities - Non-current assets increased to RMB 34.4 million in 2025 from RMB 16.2 million in 2024, driven by investments in digital assets and property[6] - Current assets rose to RMB 281.1 million in 2025, compared to RMB 235.8 million in 2024, with cash and cash equivalents significantly increasing to RMB 192.2 million from RMB 4.1 million[6] - Total equity increased to RMB 282.8 million in 2025 from RMB 205.4 million in 2024, reflecting a rise in share capital and premium[7] - The total assets of the group amounted to RMB 315,500,000, with total liabilities of RMB 32,690,000[18] - The company's debt-to-equity ratio as of December 31, 2025, was approximately 0.4%, a decrease from 1.9% as of December 31, 2024[53] Business Strategy and Diversification - The company aims to explore potential projects to accelerate business diversification and seek new growth drivers[3] - The company has begun to engage in pop culture exhibitions and digital asset-related businesses starting in 2025, marking a strategic shift[8] - The group has entered the pop culture collectibles and digital assets business, which is now considered a new operating segment[16] - The company has restructured its operations into three core divisions: cultural collectibles, IoT, and Web3, reflecting its latest strategic direction[36] - The company plans to strategically invest in AI, blockchain, and cultural collectibles to connect traditional finance with the new economy, aiming for long-term growth[41] - The company aims to diversify its business and seek new growth drivers through investments in high-potential digital assets and Web3 projects[41] Employee and Administrative Costs - The company incurred total employee costs of RMB 12,498,000 in 2025, a decrease from RMB 14,048,000 in 2024[24] - The company's administrative expenses increased from RMB 37.551 million in 2024 to RMB 44.444 million in 2025, primarily due to rising employee and professional costs[46] - The group has 51 employees as of December 31, 2025, an increase from 30 in 2024, with employee costs (including share-based payment expenses) amounting to approximately RMB 22.9 million, a slight increase of about 0.2% from 2024[62] Capital Expenditures and Investments - Capital expenditures for the year totaled RMB 21,604,000, with RMB 17,560,000 allocated to the Web3 and blockchain business[18] - The group's capital expenditure for the year ending December 31, 2025, is approximately RMB 21.6 million, a significant increase from zero in 2024, primarily for the acquisition of intangible assets (approximately RMB 18.6 million) and property, plant, and equipment (approximately RMB 1.5 million each)[58] - The company acquired a total of 14,730 units of Solana (SOL) for approximately RMB 15.9 million, and as of December 31, 2025, the fair value of SOL held was approximately RMB 12.9 million, representing about 4.1% of total assets[51][52] Financial Reporting and Governance - The group has not adopted new accounting standards that are expected to have a significant impact on the financial statements in the foreseeable future[11] - The group anticipates that the application of the new Hong Kong Financial Reporting Standards will not have a major impact on its financial performance and position[13] - The group is currently assessing the detailed impact of the new Hong Kong Financial Reporting Standards on its consolidated financial statements[13] - The audit committee, composed of three independent non-executive directors, has reviewed the audited consolidated financial statements for the year ending December 31, 2025, and has made recommendations to the board for approval[70] - The consolidated financial statements for the year ending December 31, 2025, have been approved by the board and the auditors, Deloitte[71] Shareholder Information - The company did not declare or pay any dividends for the years ended December 31, 2024, and 2025[27] - The board does not recommend the payment of any final dividend for the year ending December 31, 2025[65] - The company will hold its annual general meeting on May 22, 2026[73] - The annual report for the year ending December 31, 2025, will be published on the company's website and available in printed form upon shareholder request[72] - The company has a share capital of ordinary shares with a par value of $0.01 each[74] - The company has adopted a share option scheme which was terminated on September 1, 2025[74]

迷策略 （於開曼群島註冊成立的有限公司） （股份代號：2440） 董事會會議召開日期 迷策略（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，董事會會議將於二零 二六年三月二十七日（星期五）舉行，藉以（其中包括）考慮及批准本公司及其附屬 公司截至二零二五年十二月三十一日止年度之年度業績及其發佈，以及考慮建議 派發末期股息（如有）。 承董事會命 迷策略 主席兼執行董事 陳展程先生 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 該等內容而引致的任何損失承擔任何責任。 MemeStrategy, Inc. 香港，二零二六年三月十七日 於本公告日期，董事會包括執行董事陳展程先生、陳展俊先生、鄺德政先生及李 明鴻先生；及獨立非執行董事吳培燊先生、彭程女士及蕭志偉先生。 ...

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 該等內容而引致的任何損失承擔任何責任。 MemeStrategy, Inc. 迷策略 （於開曼群島註冊成立的有限公司） （股份代號：2440） 盈利預警 本公告乃由迷策略（「本公司」，連同其附屬公司統稱「本集團」）根據香港聯合交易 所有限公司證券上市規則（「上市規則」）第13.09條及證券及期貨條例（香港法例第 571章）第XIVA部的內幕消息條文（定義見上市規則）作出。 迷策略 主席兼執行董事 陳展程 香港，二零二六年三月十三日 本公司董事會（「董事會」）謹此告知本公司股東及潛在投資者，根據對本集團截 至二零二五年十二月三十一日止年度（「本年度」）的未經審核管理賬目的初步審 閱，預計本集團於本年度錄得的虧損淨額不低於人民幣150百萬元（二零二四年： 虧損淨額人民幣77.5百萬元），這主要是由於本年度物聯網（「物聯網」）業務的分 部虧損不低於人民幣110百萬元。有關物聯網業務是本公司控股股東Home Office Development Lim ...

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: | 迷策略 | | | | | | | 呈交日期: | 2026年3月4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) | 02440 | 說明 | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | 上月底結存 | 1,000,000,000 | USD | 0.01 | USD | 10,000,000 | | --- | --- | --- | --- | --- | --- | | 增加 / 減少 (-) | 0 | | | USD | | | 本月底結存 | 1,000 ...

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 該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司任何證券或任何集體投資計劃權益的邀請 或要約。該基金（定義見下文）未獲香港證券及期貨事務監察委員會認可，僅供「專業投資者」 （定義見香港法例第571章《證券及期貨條例》（「證券及期貨條例」）附表1第1部第1條）認購。本 公告並不擬於有關分發或使用會違反當地法律或法規的司法權區內向任何人士分發或供其使 用。 MemeStrategy, Inc. 迷策略 （於開曼群島註冊成立的有限公司） （股份代號：2440） 自願公告 此外，董事會注意到本公司股份於二零二六年三月三日的交易價格及成交量出現 異常變動。經作出合理查詢後，董事會確認，截至本公告發佈之時，並不知悉任 何為避免本公司證券出現虛假市場而須予披露的任何信息，或任何根據香港法例 第571章《證券及期貨條例》第XIVA部須予披露的內幕消息。 董事會亦確認，本集團維持正常的業務營運，且本集團的業務營運及財務狀況並 ...

Group 1 - The core viewpoint of the article highlights a continued decline in cryptocurrency ETFs and related stocks, with significant drops in prices for various Bitcoin and Ethereum funds [1] - Bitcoin has fallen below $65,000, with a recent price of $64,680.2, while Ethereum has dropped over 11% to $1,919 [1] - The overall market sentiment has weakened due to forced liquidation of leveraged positions and pressure on risk assets, leading to a complete reversal of gains made since Trump's election victory [1] Group 2 - Marex's senior global market strategist, Ilan Solot, attributes the recent downturn to a correction in tech stocks, a rise in gold prices, increased overall risk aversion, and a reassessment of the valuation logic of crypto assets [1] - The decentralized prediction platform Polymarket indicates a bearish sentiment among investors, with an 82% implied probability that Bitcoin will drop to $65,000 this year, which is approximately 13% lower than the current price [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: | 迷策略 | | | | | | | 呈交日期: | 2026年2月5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) | 02440 | 說明 | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | 上月底結存 1,000,000,000 USD 0.01 USD 10,000,000 增加 / 減少 (-) 0 USD 本月底結存 1,000,000,000 USD 0.01 USD 10,000,000 本月底法定/註冊股本總額： USD 10,000,000 FF301 第 ...

Group 1: Insurance Sector - Insurance stocks are experiencing significant declines, with China Life (02628) down 3.75%, New China Life (01336) down 3.28%, and China Pacific Insurance (02601) down 2.74%. The government plans to issue approximately 200 billion yuan in special bonds to inject capital into major insurance companies, marking the first time this method will be used for insurance firms in China [1] Group 2: Logistics and Delivery - ZTO Express (02057) has seen an increase of over 2.3%. The company estimates that its total revenue for 2025 will be between 48.5 billion yuan and 50 billion yuan, representing a growth of approximately 9.5% to 12.9% compared to 44.2807 billion yuan in 2024 [1] Group 3: Biotechnology - Innovent Biologics (09969) has risen over 4%, with a current increase of 3.25%. The company anticipates achieving revenue of 2.37 billion yuan in 2025, a year-on-year growth of approximately 134%, and expects to turn a profit with a net profit of around 630 million yuan [1] Group 4: Coal Sector - Coal stocks are generally declining, with Yancoal Australia (03668) down 6.63%, Shougang Resources (00639) down 7.83%, and China Shenhua (01088) down 2.47%. This decline follows reports that the Indonesian government has proposed a production cut plan, leading to a 40% to 70% reduction in production quotas for major miners [2] Group 5: Medical Devices - GigaGen (02367) has increased over 8%, currently up 4.11%. The company recently announced that its "recombinant type I α1 collagen and sodium hyaluronate composite solution" has been approved as a medical device, marking a significant milestone as the first product of its kind for improving facial smoothness [2] Group 6: Semiconductor Sector - Semiconductor stocks are all declining, with Hua Hong Semiconductor (01347) down 5.91% and SMIC (00981) down 3.49%. This follows a significant drop in AMD's stock price by 17.31% after its fourth-quarter report indicated that while revenue exceeded expectations, the guidance for the first quarter was below market expectations [3] Group 7: Restaurant Sector - Restaurant stocks are performing well, with Yum China (09987) up 8.41% and Haidilao (06862) up 2.69%. The restaurant industry has shown signs of recovery, with retail sales in the sector growing by 3.8%, 3.2%, and 2.2% year-on-year in the last quarter of 2025, significantly outpacing overall retail growth [3] Group 8: Consumer Goods - Miniso (09896) has risen over 5.1% after announcing its partnership with the Central Radio and Television Station for the 2026 Spring Festival Gala. This collaboration is seen as a significant marketing move to elevate the brand's visibility in the mainstream market [4] Group 9: Gold Sector - Gold stocks are declining, with China Gold International (02099) down 6.8% and Zijin Mining (02899) down 6.29%. Recent volatility in the international gold market has been noted, with expectations that geopolitical tensions and liquidity easing by the Federal Reserve may drive gold prices higher [4] Group 10: Cryptocurrency - Cryptocurrency ETFs and related stocks are continuing to decline, with significant drops in prices, including Bitcoin falling below $72,000 for the first time in 15 months. The price has decreased by over 42% from its peak last October [5] Group 11: US Market Highlights - Boston Scientific (BSX.US) fell 17.59% after providing lower-than-expected guidance for fiscal year 2026. The company expects adjusted earnings per share to be between $3.43 and $3.49, slightly below analyst expectations [6] - Solar stocks surged, with Enphase Energy (ENPH.US) rising 38.6% following reports of interest from Elon Musk's teams in the Chinese solar supply chain [6]

Core Viewpoint - Cryptocurrency-related stocks experienced a decline, with Bitcoin dropping below $73,000, marking a significant downturn in the market [1] Group 1: Market Performance - Cryptocurrency stocks such as Meituan (02440) fell by 4.76% to HKD 1.6, Xunyi Technology (01647) decreased by 1.37% to HKD 0.072, and OK Blockchain (01499) dropped by 0.58% to HKD 0.17 [1] - Bitcoin's price decline is significant as it has fallen below the previous low set on April 7, 2025, after Trump's announcement of reciprocal tariffs [1] Group 2: Expert Predictions - Barry, known as a "big short," warned that further declines in Bitcoin's price could intensify the pressure on major holders' balance sheets, potentially leading to a widespread sell-off in the cryptocurrency ecosystem [1] - Alex Thorn, head of research at Galaxy, predicts that Bitcoin's downward trend may accelerate, potentially pushing the price below $60,000 [1] Group 3: Contributing Factors - The inability of Bitcoin to act as a hedge against currency devaluation during a surge in gold prices and the lack of recent catalysts are cited as reasons for the continued decline in Bitcoin's value [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 該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成收購、購買或認購本公司任何證券的邀請或要約。 MemeStrategy, Inc. 迷策略 （於開曼群島註冊成立的有限公司） （股份代號：2440） 須予披露交易－SOLANA認沽期權協議 作為資產積累策略的一部分 (1)補充公告 (2)行使認沽期權 P = Ke^(-rT)N(-d2) - S₀N(-d₁) 其中： d₁ = [ln(S₀/K) + (r + σ²/2)T]/(σ√T) d2 = d₁ - σ√T 茲提述迷策略（「本公司」，連同其附屬公司統稱「本集團」）日期為二零二六年一月 十四日有關本集團訂立認沽期權協議的公告（「該公告」）。除另行界定外，本公告 所用詞彙與該公告所界定者具有相同涵義。 (1) 補充資料 本公司謹此向其股東及潛在投資者提供有關認沽期權協議的進一步資料。 認沽期權協議項下的具體期權溢價採用柏力克－舒爾斯(Black-Scholes)期權定價 模型釐 ...