Easy Smart Group Holdings Limited 怡俊集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code 股份代號: 2442) N OT IF IC ATI ON LET TE R 通 知 信 函 Dear Non-registered shareholder(1) , ( 於開曼群島註冊成立的有限公司 Easy Smart Group Holdings Limited (the "Company") – Notice of Publication of Interim Report 2025 (the "Current Corporate Communication(s)") The English and Chinese versions of the Company's Current Corporate Communication(s) are available on the Company's website at www.easysmart.com.hk and th ...

Easy Smart Group Holdings Limited 怡俊集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) ( 於開曼群島註冊成立的有限公司 ) (Stock Code 股份代號: 2442) N OT IF IC ATI ON LET TE R 通 知 信 函 Dear Registered Shareholder, 17 March 2026 Easy Smart Group Holdings Limited (the "Company") – Notice of Publication of Interim Report 2025 (the "Current Corporate Communication(s)") The English and Chinese versions of the Company's Current Corporate Communication(s) are available on the Company's website at www.easysmart.com.h ...

Financial Performance - The financial results presented are for the six months ended December 31, 2025, compared to the corresponding period in 2024 [11]. - The Group's revenue decreased from approximately HK$183.2 million to approximately HK$138.8 million, representing a decrease of approximately 24.2% [25]. - The gross profit margin decreased from approximately 7.7% to approximately 4.9%, primarily due to increased subcontractor fees and lower margins on new tendered projects [31]. - The total comprehensive expense for the Period was approximately HK$5.1 million, a shift from a profit of approximately HK$2.2 million in the Corresponding Period [40]. - The company reported a total comprehensive loss of approximately HK$5.1 million for the period, a decline from a total comprehensive income of about HK$2.2 million in the corresponding period, primarily due to a decrease in revenue and gross profit [44]. - Revenue for the six months ended December 31, 2025, decreased to HK$138,767,000, down 24.2% from HK$183,166,000 in the same period of 2024 [63]. - Gross profit for the same period was HK$6,787,000, representing a decline of 51.7% compared to HK$14,060,000 in 2024 [63]. - Loss before taxation was HK$5,567,000, compared to a profit of HK$2,408,000 in the previous year, indicating a significant downturn [63]. - Total comprehensive loss for the period was HK$5,089,000, contrasting with a profit of HK$2,235,000 in the prior year [63]. Cash and Liquidity - As of December 31, 2025, the Group had total bank balances and cash of approximately HK$20.7 million, down from approximately HK$59.4 million as of June 30, 2025 [41]. - Cash and cash equivalents at the end of the period were HK$20,654,000, a decrease from HK$59,448,000 at the beginning of the period [68]. - Net cash used in operating activities was HK$39,102,000, a reduction from HK$65,842,000 in the same period last year [67]. - The Group's gearing ratio was approximately 0.3% as of December 31, 2025, compared to 0.6% as of June 30, 2025 [42]. - The total liabilities decreased from HK$12,949,000 as of June 30, 2025, to HK$7,133,000 as of December 31, 2025 [110]. Business Operations - The Group specializes in passive fire protection works, focusing on the design, selection, procurement, and installation of materials to prevent the spread of fire, heat, or smoke [18]. - The Group has over 20 years of experience in the passive fire protection industry, providing services through its subsidiaries, Easy Smart Engineering Limited and Easy Smart Maintenance Engineering Limited [18]. - There has been no significant change in the business operations of the Group during the reporting period [19]. - Passive fire protection works include the use of fire rated boards, fire resistant paints, and fire resistant plasters, which are essential for building safety [18]. - The Group's passive fire protection works are designed to function without requiring detection or activation upon fire detection [18]. - The Group's services include ancillary works, such as metal works for supporting frames and fixings of passive fire protection materials [18]. - The Group's focus on passive fire protection aligns with industry standards, as general contractors typically do not undertake these specialized works [13]. - The Group anticipates that government-initiated projects will remain the driving momentum for the Hong Kong construction industry in the coming years [23]. - The Group plans to explore business diversification opportunities in other industries, including healthcare and medicine, to mitigate risks associated with the construction sector [24]. Employee and Administrative Costs - The total staff cost incurred by the company for the period was approximately HK$8.1 million, compared to approximately HK$10.9 million for the corresponding period [60]. - The company employed a total of 61 full-time employees as of December 31, 2025, a decrease from 66 full-time employees as of December 31, 2024 [60]. - Administrative expenses were reduced to HK$10,052,000 from HK$11,250,000, reflecting cost control measures [63]. - The short-term employee benefits for the six months ended December 31, 2025, are HK$1,408,000, a decrease of 10.7% from HK$1,577,000 for the same period in 2024 [119]. - The total remuneration for directors and key management for the six months ended December 31, 2025, is HK$1,444,000, down from HK$1,613,000 in 2024 [119]. Share Capital and Dividends - As of December 31, 2025, the company had issued share capital of HK$4,080,000 and a total of 408,000,000 ordinary shares, with bank balances and cash totaling approximately HK$20.7 million, down from HK$59.4 million as of June 30, 2025 [45]. - No dividends were declared or paid during the six months ended December 31, 2025 [100]. - The company did not recommend the payment of an interim dividend for the six months ended December 31, 2025, and 2024 [122]. - The Company adopted a Share Option Scheme on April 12, 2023, aimed at incentivizing employees and retaining talent, with a maximum of 10% of issued shares available for options without prior shareholder approval [143]. - No share options have been granted, exercised, cancelled, or lapsed since the adoption of the Share Option Scheme, with 40,800,000 options available for grant, representing 10% of the total issued share capital [145]. Corporate Governance - The Company is committed to high standards of corporate governance to safeguard shareholder interests and enhance corporate value [146]. - The Company has complied with the Corporate Governance Code during the reporting period, although the roles of Chairman and CEO are held by the same individual, Mr. Ng Wing Woon Dave [148]. - The Audit Committee was established on April 12, 2023, consisting of three independent non-executive directors, ensuring compliance with the Listing Rules [164]. - The interim financial results for the period were unaudited but reviewed and approved by the Audit Committee, confirming compliance with applicable accounting standards and adequate disclosures [165]. - All Directors have confirmed compliance with the Model Code regarding securities transactions during the reporting period [153]. Related Party Transactions - Related party transactions included purchases of direct materials from Tanda International Company Limited amounting to HK$2,221,000 in 2024, which is not applicable for 2025 [120]. - Interest expenses on lease liabilities for Mr. Ng Wing Woon Dave amounted to HK$23,000 for the six months ended December 31, 2025, compared to HK$10,000 in 2024 [121]. - The balance of lease liabilities for Mr. Ng Wing Woon Dave as of December 31, 2025, is HK$255,000, down from HK$745,000 in 2024 [121]. Market and Industry Outlook - The Group's operations are primarily based in Hong Kong, with all revenue generated and non-current assets located in the same region [89]. - The Group's financial information is prepared in accordance with Hong Kong Accounting Standard 34 and does not include all information required in annual consolidated financial statements [72]. - The Group has applied amendments to HKFRS Accounting Standards for the first time, which had no material impact on financial performance [78].

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: 怡俊集團控股有限公司 呈交日期: 2026年3月2日 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) 02442 說明 普通股 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 408,000,000 0 408,000,000 增加 / 減少 (-) 0 0 本月底結存 408,000,000 0 408,000,000 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(1)條，我們在此確認，就上述所列股份類別而言，截至本月底: | | | --- | --- | | 已符合適用的公眾持股量要求（見下方） | ✔ | | 未符合適用的公眾持股量要求（見下方） | | | 根據《主板 ...

Core Viewpoint - The company reported a significant loss for the six months ending December 31, 2025, with a loss of approximately HKD 5.1 million, compared to a profit of HKD 2.2 million in the same period last year, indicating a challenging financial environment due to reduced revenue and declining profit margins [1][2]. Financial Performance - Revenue for the period was approximately HKD 138.8 million, down 24.2% from HKD 183.2 million in the previous year [2]. - The company experienced a pre-tax loss of approximately HKD 5.6 million, compared to a pre-tax profit of HKD 2.4 million in the same period last year [2]. - Gross profit margin decreased to about 4.9% from 7.7% in the previous year, attributed to increased subcontractor costs and lower margins on new bidding projects [1][2]. Industry Context - The construction industry in Hong Kong is facing increasing competition and a challenging economic outlook, with a notable decline in project numbers and heightened sensitivity to project costs among clients [3][4]. - The company noted a significant slowdown in private sector projects, with government-initiated projects expected to remain a driving force in the construction industry in the coming years [4]. - The company is also facing fluctuations in subcontractor fees and construction material costs, which are impacting profitability [4]. Strategic Response - In light of the current challenges, the company plans to adopt a cautious approach when evaluating new bidding projects and aims to optimize cost management to address the pressure on profit margins [4]. - The company is exploring diversification opportunities in other industries, particularly in the growing Chinese healthcare and pharmaceutical sectors [4].

Core Viewpoint - The company reported a significant decline in revenue and a net loss for the six months ending December 31, 2025, primarily due to the completion of several large public infrastructure projects [1] Financial Performance - Revenue for the period was approximately HKD 139 million, representing a year-on-year decrease of 24.24% [1] - The company experienced a net loss of HKD 5.089 million, a shift from profit to loss compared to the previous year [1] - Earnings per share were reported at a loss of 1.25 HK cents [1] Project Impact - The decrease in revenue was mainly attributed to the completion or nearing completion of significant public projects, including one related to the Hong Kong Airport Passenger Terminal and another concerning the Kai Tak Sports Park [1]

Core Viewpoint - Yijun Group Holdings (02442) experienced a significant decline of over 23%, with a current trading price of HKD 9.2 and a transaction volume of HKD 10.25 million [1] Financial Performance - For the six months ending December 31, 2025, the company reported revenue of approximately HKD 139 million, representing a year-on-year decrease of 24.24% [1] - The company incurred a net loss of HKD 5.089 million, marking a shift from profit to loss compared to the previous year [1] Revenue Drivers - The decrease in revenue is primarily attributed to the completion or near completion of several large-scale public projects, including a public infrastructure project related to the Hong Kong Airport Passenger Terminal and another involving the Kai Tak Sports Park [1]

Core Viewpoint - Yijun Group Holdings (02442) experienced a significant decline of over 23% in its stock price, currently trading at 9.2 HKD, following the announcement of its interim results for the six months ending December 31, 2025, which revealed a substantial drop in revenue and a net loss [1] Financial Performance - The company reported revenue of approximately 139 million HKD, representing a year-on-year decrease of 24.24% [1] - Yijun Group Holdings recorded a net loss of 5.089 million HKD, a shift from profit to loss compared to the previous year [1] Project Impact - The decline in revenue was primarily attributed to the completion or near completion of several large-scale public projects, including a public infrastructure and facilities project related to the Hong Kong Airport Passenger Terminal and another involving the Kai Tak Sports Park [1]

Core Viewpoint - The company reported a significant decline in revenue and a net loss for the six months ending December 31, 2025, primarily due to the completion of several large public infrastructure projects [1] Financial Performance - Revenue for the period was approximately HKD 139 million, representing a year-on-year decrease of 24.24% [1] - The company incurred a net loss of HKD 5.089 million, marking a shift from profit to loss compared to the previous year [1] - Earnings per share were reported at a loss of HKD 0.0125 [1] Project Impact - The decrease in revenue was mainly attributed to the completion or near completion of several large-scale public projects, including one related to the Hong Kong Airport Passenger Terminal and another concerning the Kai Tak Sports Park [1]

Core Viewpoint - The company reported a significant decline in revenue and incurred a loss for the six months ending December 31, 2025, compared to the same period in 2024 [1] Financial Performance - Revenue for the six months ending December 31, 2025, is approximately HKD 139 million, down from about HKD 183 million in 2024 [1] - The company recorded a loss of approximately HKD 5.1 million for the period, contrasting with a profit of about HKD 2.2 million in 2024 [1] - Basic loss per share is approximately HKD 0.0125, compared to a basic earnings per share of about HKD 0.0055 in 2024 [1] Dividend Policy - The board of directors does not recommend the payment of an interim dividend for the six months ending December 31, 2025, consistent with the previous year where no dividend was paid [1] Project Impact - The revenue decline is primarily attributed to the completion or near completion of several large-scale public projects, including a public infrastructure project related to the Hong Kong Airport Passenger Terminal and another involving the Kai Tak Sports Park [1]