Financial Performance - For the fiscal year ending December 31, 2025, the total revenue decreased by 17.7% to SGD 83.9 million from SGD 101.9 million in 2024, primarily due to the transition from lower-margin D2C business to higher-margin, technology-driven D2B business [4]. - The group reported a significant reduction in losses, narrowing from SGD 269.8 million in 2024 to SGD 51.5 million in 2025, attributed to cost optimization and improved operational efficiency [7]. - Adjusted EBITDA remained stable with a loss of SGD 3.8 million in 2025 compared to a loss of SGD 3.9 million in 2024, reflecting improved cost control [7]. - The gross profit margin decreased to 24.8% in 2025 from 30.8% in 2024, with gross profit falling by 33.7% to SGD 20.8 million [7]. - The company reported a basic loss per share of 11.53 Singapore cents for 2025, compared to 62.08 Singapore cents in 2024 [9]. - The company reported a net loss attributable to shareholders of SGD 51.490 million for 2025, compared to a loss of SGD 269.767 million in 2024, indicating a significant improvement [17]. - The company recorded a net loss of SGD 51.5 million in 2025, compared to a net loss of SGD 269.8 million in 2024, resulting in a net loss margin of 61.4% [49]. Revenue Breakdown - Total revenue for 2025 was SGD 83.874 million, a decrease of 17.7% from SGD 101.861 million in 2024 [14]. - D2C revenue through omnichannel sales was SGD 56.014 million, down 18.7% from SGD 68.905 million in 2024 [14]. - D2B revenue from digital solutions was SGD 27.860 million, a decline of 15.5% from SGD 32.956 million in 2024 [14]. - The D2B segment contributed 33.2% to total revenue, up from 32.4% in the previous year, indicating continued adoption of the group's digital commerce solutions by brand partners [4]. - D2B revenue accounted for 33.2% of total revenue in 2025, reflecting a strong performance in the transition from D2C, which saw a decline in revenue by 18.7% to SGD 56.0 million [35][36]. Assets and Liabilities - As of December 31, 2025, adjusted net assets were SGD 76.2 million, down from SGD 100.9 million in 2024 [7]. - Cash and cash equivalents increased to SGD 76.202 million in 2025 from SGD 47.909 million in 2024, reflecting a growth of 59.2% [10]. - Total assets decreased to SGD 103.229 million in 2025 from SGD 78.446 million in 2024, a decline of 31.6% [10]. - Trade receivables decreased to SGD 13.680 million in 2025 from SGD 18.905 million in 2024, a reduction of 27.4% [18]. - Trade payables decreased significantly to SGD 18.018 million in 2025 from SGD 27.588 million in 2024, a decline of 34.7% [19]. - The company reported net current assets of SGD 41.5 million, an improvement from net current liabilities of SGD 75.9 million as of December 31, 2024 [53]. Strategic Initiatives - The company launched Geene, an enterprise-level AI platform integrating large language models, blockchain infrastructure, and advanced data analytics, enhancing its technological capabilities [4]. - The group aims to strengthen its digital commerce ecosystem through technological innovation and strategic partnerships, positioning itself for sustainable long-term growth [5]. - The company launched the Geene AI platform, integrating large language models, blockchain infrastructure, and data analytics, enhancing AI capabilities for secure and scalable solutions [28]. - The company established a strategic partnership with Byteplus to enhance its Geene AI platform, aiming to meet the growing demand for enterprise-level AI capabilities in Asia [30]. - The company aims to expand its cross-border business initiatives through the "SEA the Future" program, targeting Southeast Asian market opportunities [68]. Cost Management - Sales costs for the D2B model increased by 13.0% to SGD 10.0 million in 2025, attributed to providing more digital solutions to brand partners [38]. - Sales and distribution expenses decreased from SGD 15.5 million in 2024 to SGD 8.8 million in 2025, representing a reduction from 15.2% to 10.4% of total revenue, attributed to the focus on the D2B business model [45]. - General and administrative expenses decreased from SGD 117.5 million in 2024 to SGD 113.0 million in 2025, but as a percentage of total revenue, it increased from 115.4% to 134.8% due to declining revenue [46]. - Financial costs significantly reduced from SGD 1.7 million in 2024 to SGD 1.0 million in 2025, with the percentage of total revenue decreasing from 1.7% to 1.1% [47]. Corporate Governance and Compliance - The company has adopted a corporate governance code and has complied with all applicable provisions during the reporting period [75]. - The audit committee, composed entirely of independent non-executive directors, reviewed the group's annual performance and agreed on the accounting principles adopted [78]. - Deloitte has verified the financial statements for the year ending December 31, 2025, ensuring consistency with the amounts approved by the board [79]. Future Outlook - The company plans to enhance its digital commerce ecosystem through technological innovation and strategic partnerships, focusing on operational improvements [68]. - The group is positioned to capitalize on opportunities arising from the ongoing evolution of digital commerce and cross-border digital trade in Asia [69]. - The company is strategically expanding its global business beyond Southeast Asia, including regions like Hong Kong and Spain [28].

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。 承董事會命 獅騰控股有限公司 董事會主席 李敘平 香港，2026年3月19日 董事會會議日期 獅騰控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議將於 2026年3月31日（星期二）舉行，藉以審議及批准（其中包括）本公司及其附屬公 司截至2025年12月31日止財政年度的全年業績及其刊發，以及處理其他事務（如 有）。 於本公告日期，董事會包括執行董事李敘平先生及戴可欣女士，以及獨立非執行董事Selva Bryan Ratnam先生、Andrew Chow Heng Cheong先生及謝威廷先生。 獅騰控股有限公司 SYNAGISTICS LIMITED （股份代號：2562） （權證代號：2461） （於開曼群島註冊成立的有限公司） ...

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: 獅騰控股有限公司 呈交日期: 2026年3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) | 02562 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,100,000,000 | RMB | | 0.0001 | RMB | | 110,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 1,100,000,000 | RMB | | 0.0001 | RMB | | 110,000 | 本月底法定/註冊股本總額： ...

Core Insights - The article highlights the changes in the Hong Kong Stock Connect holdings, indicating significant increases and decreases in ownership percentages for various companies [1][2]. Group 1: Companies with Increased Holdings - Southern Hong Kong American Technology (03442) saw the largest increase in holdings, up by 6.37% to a total holding of 37.93% [2]. - Shandong Molong (00568) experienced a 3.20% increase, bringing its holding to 56.76% [2]. - MIRXES HOLDING COMPANY LIMITED (02629) had a 2.16% increase, resulting in a holding of 7.15% [2]. - Over the last five trading days, Southern East Selection (03441) had the highest increase at 18.72%, with a new holding of 41.29% [3]. - The total increase in holdings for the top three companies over the last five days was 6.91% for Southern Hong Kong American Technology (03442) [3]. Group 2: Companies with Decreased Holdings - Lion Group Holdings (02562) had the largest decrease in holdings, down by 0.49% to 51.00% [2]. - Zhejiang Shibao (01057) saw a decrease of 0.47%, resulting in a holding of 55.85% [2]. - Ganfeng Lithium (01772) experienced a 0.45% decrease, bringing its holding to 33.59% [2]. - In the last five trading days, Beijing Capital International Airport (00694) had the largest decrease at 0.95%, with a holding of 26.29% [3]. - The total decrease in holdings for the top three companies over the last five days was 0.79% for Jiangxi Copper (00358) [3].

Core Insights - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2]. Group 1: Companies with Increased Holdings - Xixiangfeng Group (02473) saw the largest increase in holdings, up by 5.68% to a total of 35.10% [2]. - Junda Co., Ltd. (02865) experienced a 2.88% increase, bringing its total holdings to 61.70% [2]. - Lion Holding (02562) had a 1.60% increase, resulting in a total holding of 51.05% [2]. - In the last five trading days, Xixiangfeng Group (02473) and Junda Co., Ltd. (02865) had substantial increases of 13.49% and 13.04%, respectively [1][3]. Group 2: Companies with Decreased Holdings - Guoen Technology (02768) had the largest decrease in holdings, down by 1.81% to 12.34% [2]. - Jihong Co., Ltd. (02603) saw a decrease of 0.88%, with total holdings at 55.07% [2]. - Beijing City Mechanical and Electrical Co., Ltd. (00187) experienced a 0.82% decrease, resulting in 47.05% total holdings [2]. - In the last five trading days, Tianqi Lithium (09696) faced a significant decrease of 7.72%, bringing its holdings down to 29.93% [3]. Group 3: Long-term Trends - Over the past 20 days, Xixiangfeng Group (02473) had a remarkable increase of 32.29%, reaching a total holding of 35.10% [4]. - Junda Co., Ltd. (02865) also saw a notable increase of 12.42%, with total holdings at 61.70% [4].

Core Insights - The report highlights significant changes in the stock holdings of various companies under the Hong Kong Stock Connect program, indicating shifts in investor sentiment and potential investment opportunities. Group 1: Stock Increases - JunDa Co., Ltd. (02865) saw the largest increase in stock holdings, rising by 5.09% to a total holding of 58.82% [2] - Lion Group Holding (02562) experienced a 1.26% increase, bringing its holding to 49.45% [2] - Fudan Zhangjiang (01349) had a 1.15% increase, with a current holding of 41.95% [2] - In the last five trading days, Xi Xiang Feng Group (02473) had the highest increase of 13.46%, reaching a holding of 29.42% [5] - JunDa Co., Ltd. (02865) also saw a significant increase of 12.56% in the same period [5] - Southern Hengsheng Technology (03033) increased by 2.64%, with a holding of 68.12% [5] Group 2: Stock Decreases - GuoEn Technology (02768) experienced the largest decrease in stock holdings, down by 2.04% to 14.15% [3] - Western Cement (02233) saw a reduction of 0.73%, with a holding of 37.74% [3] - Reconstruct Energy (02570) decreased by 0.70%, now holding 13.50% [3] - In the last five trading days, Tianqi Lithium (09696) had the most significant decrease of 9.13%, with a holding of 28.52% [6] - GX Hengsheng Technology (02837) decreased by 2.89%, now at 17.87% [6] - Dongfang Electric (01072) saw a reduction of 2.43%, with a holding of 20.85% [6] Group 3: Long-term Trends - Over the past 20 days, Xi Xiang Feng Group (02473) had a substantial increase of 26.66%, reaching a holding of 29.42% [8] - JunDa Co., Ltd. (02865) also saw a notable increase of 14.96%, with a holding of 58.82% [8] - Sanhua Intelligent Control (02050) increased by 9.17%, now holding 33.98% [8] - In contrast, Tianqi Lithium (09696) had a decrease of 9.31%, with a holding of 28.52% [9] - Goldwind Technology (02208) decreased by 8.75%, now at 42.81% [9] - Zhejiang Shibao (01057) saw a reduction of 5.48%, with a holding of 53.61% [9]

Core Viewpoint - The report highlights significant changes in the shareholding ratios of various companies under the Hong Kong Stock Connect program, indicating both increases and decreases in investor interest. Group 1: Shareholding Ratio Increases - JunDa Co., Ltd. (02865) saw the largest increase in shareholding ratio by +2.13%, reaching 51.99% [2] - Haotian International Investment (01341) increased by +1.70%, with a new holding ratio of 69.87% [2] - Longpan Technology (02465) experienced a +1.24% increase, bringing its holding ratio to 46.54% [2] - Xixiangfeng Group (02473) had a notable increase of +24.28% over five days, with a holding ratio of 26.79% [5] - Nanhua Futures Co., Ltd. (02691) increased by +4.32% over five days, reaching a holding ratio of 16.01% [5] Group 2: Shareholding Ratio Decreases - Dongfang Electric (01072) experienced the largest decrease of -1.68%, with a holding ratio of 22.33% [3] - Lion Group Holdings (02562) saw a reduction of -1.17%, now holding 47.64% [3] - Shandong Molong Petroleum Machinery (00568) decreased by -1.01%, with a holding ratio of 55.05% [3] - Over the last five days, Shandong Molong experienced a significant decrease of -7.56%, with a holding ratio of 55.05% [6] - Weimeng Group (02013) decreased by -4.06% over five days, now at 26.55% [6]

Core Viewpoint - The report highlights the changes in the Hong Kong Stock Connect holdings, indicating significant increases and decreases in ownership percentages for various companies, which may signal investment trends and market sentiment. Group 1: Increased Holdings - Xixiangfeng Group (02473) saw the largest increase in holdings, up by 5.65% to a total holding of 21.61% [1][2] - Junda Co., Ltd. (02865) increased by 2.40%, reaching a holding of 48.66% [1][2] - Beijing Jingcheng Machinery Electric Company (00187) rose by 2.19%, with a holding of 48.50% [1][2] - In the last five trading days, Xixiangfeng Group (02473) had a remarkable increase of 19.13% [3] - Sanhua Intelligent Control (02050) increased by 4.06%, now holding 33.53% [3] - Nanhua Futures Co., Ltd. (02691) saw a 3.60% increase, bringing its holding to 14.63% [3] Group 2: Decreased Holdings - China Metallurgical Group Corporation (01618) experienced the largest decrease, down by 0.64% to a holding of 33.76% [1][2] - Longpan Technology (02465) decreased by 0.62%, now at 44.92% [1][2] - Lion Holdings (02562) saw a reduction of 0.59%, with a holding of 49.34% [1][2] - Over the last five trading days, Junda Co., Ltd. (02865) faced a significant drop of 13.34% [3] - Shandong Molong Petroleum Machinery Company (00568) decreased by 3.73%, now holding 57.33% [3] - Weimeng Group (02013) saw a reduction of 3.66%, with a holding of 27.00% [3]

Core Insights - The report highlights significant changes in the Hong Kong Stock Connect holdings, with notable increases and decreases in ownership percentages for various companies [1][2]. Group 1: Companies with Increased Holdings - Xixiangfeng Group (02473) saw the largest increase in holdings, rising by 3.67% to a total of 15.96% [2]. - Chifeng Jilong Gold (06693) experienced a 2.20% increase, bringing its total holding to 39.55% [2]. - Southern East Select (03441) increased by 0.92%, reaching a holding of 17.08% [2]. - In the last five trading days, Xixiangfeng Group (02473) had the highest increase of 13.55%, with a current holding of 15.96% [3]. - Other notable increases include Nanhua Futures (02691) at 3.96% and Sanhua Intelligent Control (02050) at 3.33% [3]. Group 2: Companies with Decreased Holdings - The largest decrease was observed in the Yingfu Fund (02800), which fell by 2.58% to a holding of 0.83% [2]. - Beijing Jingcheng Machinery Electric Company (00187) and Junda Co., Ltd. (02865) both decreased by 1.19%, with holdings of 46.31% and 46.26% respectively [2]. - In the last five trading days, Junda Co., Ltd. (02865) saw a significant drop of 13.42%, now holding 46.26% [3]. - Other companies with notable decreases include Lion Group (02562) at -3.38% and Weimob Group (02013) at -3.32% [3].

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: 獅騰控股有限公司 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) | 02562 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,100,000,000 | RMB | | 0.0001 | RMB | | 110,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 1,100,000,000 | RMB | | 0.0001 | RMB | | 110,000 | 本月底法定/註冊股本總額： ...