(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：2663） NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, KPa-BM Holdings Limited (the "Company") - Notice of Publication of Annual Report 2025, Circular together with Notice of Annual General Meeting and Proxy Form (the "Current Corporate Communications") on website The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at (www.kpa-bm.com.hk) an ...

NOTIFICATION LETTER 通知信函 Dear Non-registered Holder, (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） （Stock Code 股份代號：2663） 28 July 2025 KPa-BM Holdings Limited (the "Company") - Notice of Publication of Annual Report 2025, Circular together with Notice of Annual General Meeting and Proxy Form (the "Current Corporate Communications") on website The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at (www.kpa-bm ...

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通告之內容概不負責， 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通告全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 1 KPa-BM Holdings Limited 應力控股有限公司 * （ 於開曼群島註冊成立之有限公司 ） （股份代號：2663） 股東週年大會通告 茲通告應力控股有限公司（「本公司」）謹訂於二零二五年八月二十九日（星期五）上 午十時正假座香港新界荃灣沙咀道6號嘉達環球中心27樓舉行股東週年大會，以 考慮及酌情通過下列決議案（不論有否修訂）： 普通決議案 作為普通業務： * 僅供識別 1. 省覽及考慮本公司截至二零二五年三月三十一日止年度經審核財務報表，董 事（「董事」）會報告和核數師報告； 2. 重選灌志明博士為獨立非執行董事； 3. 重選林志偉先生為獨立非執行董事； 4. 重選韋日堅先生為執行董事； 5. 授權董事會（「董事會」）釐定董事薪酬； 6. 批准建議的期末股息每股3.0港仙； 7. 續聘北京興華鼎豐會計師事務所有限公司為本公司核數師，並授權董事會釐 定核數師薪酬；及 作為特別事項： 8. ...

此乃要件 請即處理 (2) 建議授出發行及購回股份之一般授權； (3) 建議重選退任董事；及 (4) 股東週年大會通告 於二零二五年八月二十九日（星期五）上午十時於香港新界荃灣沙咀道6號嘉達環球中心 27樓舉行應力控股有限公司股東週年大會通告載於本通函第14至18頁。本通函隨附於股 東週年大會上使用之代表委任表格。此代表委任表格亦登載於香港聯合交易所有限公 司網站(www.hkexnews.hk)及本公司網站(www.kpa-bm.com.hk)。無論 閣下能否出席該 大會，務請按照隨附代表委任表格印備之指示完成及填妥表格，連同其簽署之授權 書或其他授權文件（如有）或授權書或其他授權文件之經公證人簽署核證副本，盡快 及無論如何須於大會或其任何續會指定舉行時間（視情況而定）48小時前，送達本公 司之香港股份過戶登記分處卓佳證券登記有限公司，地址為香港夏慤道16號遠東金 融中心17樓。 閣下如對本通函之任何內容或應採取之行動有任何疑問，應諮詢 閣下的持牌證券 交易商或其他註冊證券機構、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓所有名下之應力控股有限公司股份，應立即將本通函及隨附之 代表委任表格 ...

目錄 | 主席致辭 | 01 | | --- | --- | | 關於本報告 | 02 | | 關於我們 | 04 | | 可持續發展管理 | 05 | 堅持綠色發展 | 12 | | --- | --- | --- | --- | | 1. 董事會聲明 | 06 | 1. 應對氣候變化 | 13 | | 2. ESG 管治架構 | 07 | 2. 環境管理 | 20 | | 3. 持份者參與 | 09 | 3. 排放物管理 | 21 | | 4. 重要性評估 | 10 | 4. 資源使用 | 23 | | 關愛員工發展 | 27 | 提升責任運營 | 39 | | --- | --- | --- | --- | | 1. 合規僱傭 | 28 | 1. 供應鏈管理 | 40 | | 2. 薪酬福利及休假 | 33 | 2. 項目及產品責任 | 41 | | 3. 職業發展與培訓 | 35 | 3. 客戶關係管理 | 43 | | 4. 員工健康與安全 | 37 | | | | 恪守商業道德 | 44 | 促進社會共融 | 48 | | --- | --- | --- | --- | | 1. 企業管治 | 4 ...

[Chairman's Statement](index=5&type=section&id=Chairman%27s%20Statement) [Chairman's Statement](index=5&type=section&id=Chairman%27s%20Statement) The Group's revenue remained stable year-over-year due to existing contracts and major project completions like the Kai Tak Sports Park, despite challenges from global uncertainties and intense competition in the Hong Kong construction industry - The Hong Kong economy remains under pressure, with reduced demand for new construction projects leading to intense market competition and squeezed profit margins[11](index=11&type=chunk)[16](index=16&type=chunk) - Despite the economic slowdown, the Group's revenue remained stable year-over-year, supported by contracts secured in previous years and the successful completion of several major projects in 2024, such as the Kai Tak Sports Park roof renovation[12](index=12&type=chunk)[13](index=13&type=chunk)[16](index=16&type=chunk) - The Board recommends a final dividend of **0.3 HK cents per share**[15](index=15&type=chunk)[17](index=17&type=chunk) [Management Discussion and Analysis](index=6&type=section&id=Management%20Discussion%20and%20Analysis) [BUSINESS REVIEW](index=6&type=section&id=BUSINESS%20REVIEW) The Group's core business in structural engineering and building materials remained unchanged, with revenue slightly increasing by 0.3% to HK$667.7 million, driven by progress on key projects | Indicator | FY2025 (HK$ million) | FY2024 (HK$ million) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Revenue | 667.7 | 666.0 | +0.3% | Major Contributing Projects in FY2025 | Project Name | Revenue Recognized (HK$ million) | Status (as of 2025/3/31) | | :--- | :--- | :--- | | Façade for office redevelopment in Central | 151.0 | In progress | | Roof renovation for sports facility in Kowloon City | 97.6 | In progress | | Structural steelwork for infrastructure in Kowloon City | 65.6 | In progress | [FUTURE PROSPECTS](index=7&type=section&id=FUTURE%20PROSPECTS) The Group will adjust its bidding strategy to focus on smaller projects and operational efficiency amidst fierce competition, while managing a significant provision for receivables from a customer in liquidation - To cope with intense competition, the Group is adjusting its bidding strategy to prioritize smaller-scale projects and focus on optimizing resource allocation and operational efficiency[26](index=26&type=chunk)[27](index=27&type=chunk) - As of March 31, 2025, the Group had **contracts on hand of approximately HK$369 million**, including several noise barrier and façade projects[26](index=26&type=chunk)[27](index=27&type=chunk)[28](index=28&type=chunk) - A provision of approximately **HK$16.5 million** for trade receivables, retention money, and contract assets was recognized, primarily related to a major customer group undergoing liquidation proceedings[28](index=28&type=chunk)[29](index=29&type=chunk) [FINANCIAL REVIEW](index=8&type=section&id=FINANCIAL%20REVIEW) FY2025 revenue was stable at HK$667.7 million, but profit for the year fell 22.0% to HK$36.2 million due to compressed gross margins, a large provision for credit losses, and increased discretionary director bonuses Key Financial Indicators for FY2025 | Indicator | FY2025 | FY2024 | Change | | :--- | :--- | :--- | :--- | | Revenue | HK$667.7 million | HK$666.0 million | +0.3% | | Gross Profit | HK$107.1 million | HK$115.2 million | -7.1% | | Net Profit | HK$36.16 million | HK$46.38 million | -22.0% | | Earnings Per Share | 6.49 HK cents | 8.33 HK cents | -22.1% | | Gross Profit Margin | 16.0% | 17.3% | -1.3pp | | Net Profit Margin | 5.4% | 7.0% | -1.6pp | - The decline in gross profit margin was primarily due to **intense competition in the construction market**, which compressed profit margins[35](index=35&type=chunk)[40](index=40&type=chunk) - Administrative and other operating expenses increased by HK$4.2 million, mainly due to a **HK$4.0 million increase in discretionary director bonuses**, which was calculated without considering the HK$16.5 million provision for the customer's liquidation as it was deemed an isolated event[37](index=37&type=chunk)[42](index=42&type=chunk) - The **22.0% decrease in profit for the year** was mainly attributable to the increased provision for credit losses on receivables and the rise in discretionary director bonuses[45](index=45&type=chunk)[49](index=49&type=chunk) [LIQUIDITY, FINANCIAL RESOURCES AND CAPITAL STRUCTURE](index=10&type=section&id=LIQUIDITY%2C%20FINANCIAL%20RESOURCES%20AND%20CAPITAL%20STRUCTURE) The Group maintains sufficient liquidity through operating cash flows and short-term borrowings, improving its current ratio to 2.4 and reducing its gearing ratio to 5.0% after repaying all bank loans Liquidity Indicators (as of March 31) | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Current Assets | HK$413.3 million | HK$506.7 million | | Current Liabilities | HK$169.9 million | HK$230.1 million | | Current Ratio | 2.4 times | 2.2 times | - As of March 31, 2025, the Group had total cash and bank balances of approximately **HK$120 million** and unutilized banking facilities of approximately **HK$207 million**[55](index=55&type=chunk)[63](index=63&type=chunk) - The **gearing ratio decreased from 6.4% to 5.0%**, primarily due to improved liquidity and the repayment of all bank borrowings by year-end[58](index=58&type=chunk)[64](index=64&type=chunk) [Biography of Directors and Senior Management](index=13&type=section&id=Biography%20of%20Directors%20and%20Senior%20Management) [EXECUTIVE DIRECTORS](index=13&type=section&id=EXECUTIVE%20DIRECTORS) The executive team comprises Chairman Mr Yip Pak Hung and CEO Mr Wai Yat Kin, both co-founders with over 30 years of industry experience, responsible for overall management and strategic planning - **Mr Yip Pak Hung**, Chairman, is primarily responsible for the Group's overall management and corporate policy formulation, with over 30 years of experience in structural engineering and construction[77](index=77&type=chunk)[78](index=78&type=chunk) - **Mr Wai Yat Kin**, CEO and co-founder, is primarily responsible for overall strategic planning, management, and administration, with over 35 years of experience in structural engineering and construction[79](index=79&type=chunk)[80](index=80&type=chunk) [INDEPENDENT NON-EXECUTIVE DIRECTORS](index=14&type=section&id=INDEPENDENT%20NON-EXECUTIVE%20DIRECTORS) The independent non-executive director team provides independent judgment on strategy and performance, bringing diverse expertise from accounting, business, academia, and structural engineering - **Ms Lai Pik Chi, Peggy**, Chairlady of the Audit Committee, has over 30 years of experience in auditing, accounting, and financial management and is a fellow member of the ACCA[83](index=83&type=chunk)[84](index=84&type=chunk) - **Dr Kwan Chi Ming**, appointed as an Independent Non-executive Director on January 1, 2025, has over 40 years of experience in structural engineering and consultancy, having previously worked for the Buildings Department of the HKSAR Government[91](index=91&type=chunk)[92](index=92&type=chunk) [SENIOR MANAGEMENT](index=16&type=section&id=SENIOR%20MANAGEMENT) The senior management team, consisting of the General Manager and Commercial Director, leverages over 30 years of individual industry experience to oversee the building materials and construction project divisions - **Mr Liu Yuen Wai**, General Manager, is primarily responsible for overseeing the management and operations of the building materials trading business division, with over 30 years of experience[95](index=95&type=chunk)[96](index=96&type=chunk) - **Mr Chan Chi Ming**, Commercial Director, is primarily responsible for the overall management, quality control, and safety supervision of design and build projects, with over 30 years of experience[97](index=97&type=chunk)[98](index=98&type=chunk) [Corporate Governance Report](index=17&type=section&id=Corporate%20Governance%20Report) [COMPLIANCE WITH THE CORPORATE GOVERNANCE CODE](index=17&type=section&id=COMPLIANCE%20WITH%20THE%20CORPORATE%20GOVERNANCE%20CODE) The company has maintained high corporate governance standards, complying with all code provisions of the Corporate Governance Code and separating the roles of Chairman and CEO - The Company has **complied with all code provisions** of the Corporate Governance Code during the year[103](index=103&type=chunk)[107](index=107&type=chunk) - The roles of Chairman (Mr Yip Pak Hung) and CEO (Mr Wai Yat Kin) are held by different individuals, in compliance with the code, which the Board believes enables effective decision-making[104](index=104&type=chunk)[105](index=105&type=chunk)[108](index=108&type=chunk) [BOARD OF DIRECTORS](index=18&type=section&id=BOARD%20OF%20DIRECTORS) The Board, comprising two executive and four independent non-executive directors, oversees group strategy and has enhanced its independence by appointing a new member as founding INEDs reached their nine-year tenure Board Meeting Attendance Record (FY2025) | Director Name | Position | Board Meeting Attendance | General Meeting Attendance | | :--- | :--- | :--- | :--- | | Mr Yip Pak Hung | Chairman, Executive Director | 4/4 | 1/1 | | Mr Wai Yat Kin | CEO, Executive Director | 4/4 | 1/1 | | Ms Lai Pik Chi, Peggy | Independent Non-executive Director | 4/4 | 1/1 | | Mr Lam Chi Wai | Independent Non-executive Director | 4/4 | 1/1 | | Dr Yeung Kit Ming | Independent Non-executive Director | 4/4 | 1/1 | | Dr Kwan Chi Ming | Independent Non-executive Director | 3/3 | N/A | - The Board, recognizing that the founding Independent Non-executive Directors have served for nine years, has invited Dr Kwan Chi Ming to join the Board to maintain sufficient independence[118](index=118&type=chunk)[120](index=120&type=chunk) [BOARD COMMITTEES](index=20&type=section&id=BOARD%20COMMITTEES) The company's Audit, Remuneration, and Nomination committees, led by experienced directors, fulfilled their respective duties in financial oversight, compensation review, and board composition planning during the year Committee Meeting Attendance Record (FY2025) | Director Name | Audit Committee | Nomination Committee | Remuneration Committee | | :--- | :--- | :--- | :--- | | Ms Lai Pik Chi, Peggy | 4/4 (Chairlady) | 2/2 | 2/2 | | Mr Lam Chi Wai | 4/4 | 2/2 | 2/2 (Chairman) | | Dr Yeung Kit Ming | 4/4 | 2/2 (Chairman) | 2/2 | | Dr Kwan Chi Ming | 2/2 | N/A | N/A | - The Audit Committee reviewed the Group's financial reports, results announcements, and risk management and internal control systems[131](index=131&type=chunk)[132](index=132&type=chunk)[138](index=138&type=chunk) - The Remuneration Committee reviewed employee salary adjustments and discretionary bonuses, and assessed the performance and remuneration of directors[133](index=133&type=chunk)[134](index=134&type=chunk)[140](index=140&type=chunk) [INTERNAL CONTROL AND RISK MANAGEMENT](index=23&type=section&id=INTERNAL%20CONTROL%20AND%20RISK%20MANAGEMENT) The Board oversees risk management and, in the absence of an internal audit department, engages external consultants to annually review its systems, which were deemed effective for the year - The Company does not have an independent internal audit department but **engages external consultants** to review the Group's internal control and risk management systems[155](index=155&type=chunk)[161](index=161&type=chunk) - Based on the review, the Company considers its risk management and internal control functions to have remained **effective and adequate** during the year[156](index=156&type=chunk)[162](index=162&type=chunk) [Directors' Report](index=25&type=section&id=Directors%27%20Report) [PRINCIPAL RISKS AND UNCERTAINTIES](index=25&type=section&id=PRINCIPAL%20RISKS%20AND%20UNCERTAINTIES) The Group's primary risks include potential damage to its reputation, exposure to legal claims, and a high dependency on the cyclical Hong Kong structural engineering and construction market - **Reputation Risk**: Failure to maintain its reputation and brand could adversely affect the business, financial performance, and operating results[180](index=180&type=chunk)[186](index=186&type=chunk) - **Legal Risk**: The Group may face claims or legal proceedings related to personal injury, property damage, or contractual disputes, which could materially impact business operations[181](index=181&type=chunk)[187](index=187&type=chunk) - **Market Dependency Risk**: The Group's performance relies on the supply of design and construction projects in Hong Kong, and the cyclical nature of the construction industry and economic fluctuations could have a significant adverse impact[188](index=188&type=chunk)[191](index=191&type=chunk) [DIVIDEND POLICY AND DIVIDENDS](index=27&type=section&id=DIVIDEND%20POLICY%20AND%20DIVIDENDS) The Board proposed a final dividend of 3.0 HK cents per share for FY2025, a decrease from the prior year, and did not recommend a special dividend, though a special interim dividend was paid during the year Dividend Distribution (HK cents per share) | Dividend Type | FY2025 | FY2024 | | :--- | :--- | :--- | | Special Interim Dividend | 4.0 | 0 | | Proposed Final Dividend | 3.0 | 4.0 | | Proposed Special Dividend | 0 | 4.0 | [MAJOR CUSTOMERS AND SUPPLIERS](index=35&type=section&id=MAJOR%20CUSTOMERS%20AND%20SUPPLIERS) Customer and supplier concentration remains high, with the top five customers accounting for 64.4% of total revenue and the top five subcontractors representing 61.6% of total subcontracting fees - **Customer Concentration**: The five largest customers accounted for approximately **64.4%** of total revenue (2024: 84.3%), with the largest customer contributing **37.27%** (2024: 56.6%)[261](index=261&type=chunk)[266](index=266&type=chunk) - **Supplier Concentration**: The five largest suppliers accounted for approximately **44.3%** of total purchases (2024: 51.5%), with the largest supplier representing 25.2%[262](index=262&type=chunk)[267](index=267&type=chunk) - **Subcontractor Concentration**: The five largest subcontractors accounted for approximately **61.6%** of total subcontracting fees (2024: 73.3%), with the largest subcontractor representing 29.8%[263](index=263&type=chunk)[268](index=268&type=chunk) [Independent Auditor's Report](index=39&type=section&id=Independent%20Auditor%27s%20Report) [OPINION AND KEY AUDIT MATTERS](index=39&type=section&id=OPINION%20AND%20KEY%20AUDIT%20MATTERS) The auditor issued an unqualified opinion on the financial statements, identifying the recognition of revenue and related balances from construction contracts as a key audit matter due to significant management judgment - The auditor issued an **unqualified opinion** on the consolidated financial statements, concluding that they give a true and fair view of the Group's financial position and performance[290](index=290&type=chunk)[292](index=292&type=chunk) - The **Key Audit Matter** was identified as the recognition of revenue, contract assets, and contract liabilities from construction contracts, due to the significant management judgment and estimation uncertainty involved in estimating contract costs and variable consideration[295](index=295&type=chunk)[296](index=296&type=chunk)[298](index=298&type=chunk) [Consolidated Financial Statements](index=45&type=section&id=Consolidated%20Financial%20Statements) [Consolidated Statement of Comprehensive Income](index=45&type=section&id=Consolidated%20Statement%20of%20Comprehensive%20Income) For the year ended March 31, 2025, revenue grew slightly to HK$667.7 million, but profit for the year declined 22.0% to HK$36.2 million, impacted by a HK$15.6 million provision for trade receivables Consolidated Statement of Comprehensive Income Summary (For the year ended March 31) | Item (HK$'000) | 2025 | 2024 | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Revenue | 667,711 | 666,037 | +0.3% | | Gross Profit | 107,095 | 115,231 | -7.1% | | Profit before income tax | 41,264 | 55,750 | -26.0% | | Profit for the year | 36,157 | 46,378 | -22.0% | | Basic earnings per share (HK cents) | 6.49 | 8.33 | -22.1% | [Consolidated Statement of Financial Position](index=46&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, the Group's total assets decreased by 16.9% to HK$437.8 million, while total liabilities fell 26.1% primarily due to the repayment of bank borrowings Consolidated Statement of Financial Position Summary (As of March 31) | Item (HK$'000) | 2025 | 2024 | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Total Assets | 437,817 | 526,633 | -16.9% | | Total Liabilities | 176,419 | 234,279 | -24.7% | | Total Equity | 261,398 | 292,354 | -10.6% | | Net Current Assets | 243,399 | 276,600 | -12.0% | | Cash and bank balances | 119,966 | 170,231 | -29.5% | | Bank borrowings | 0 | 9,276 | -100% | [Consolidated Statement of Cash Flows](index=48&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) Net cash from operating activities decreased significantly to HK$33.1 million, and after cash outflows for financing activities like dividend payments and loan repayments, cash reserves fell by HK$50.3 million Consolidated Statement of Cash Flows Summary (For the year ended March 31) | Item (HK$'000) | 2025 | 2024 | | :--- | :--- | :--- | | Net cash from operating activities | 33,069 | 109,482 | | Net cash (used in)/from investing activities | (381) | 7,548 | | Net cash used in financing activities | (83,016) | (61,231) | | Net (decrease)/increase in cash and cash equivalents | (50,328) | 55,799 | | Cash and cash equivalents at end of year | 119,966 | 170,231 | [Notes to the Consolidated Financial Statements](index=50&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) The notes detail accounting policies, key estimates, segment information, and risk management, highlighting the Group's two main business segments and its management of credit, interest rate, and foreign exchange risks [5. SEGMENT INFORMATION](index=73&type=section&id=5.%20SEGMENT%20INFORMATION) The Group operates in two segments, with the "Structural engineering work" segment being the core business, contributing the vast majority of revenue (HK$597.0 million) and profit (HK$60.8 million) in FY2025 Segment Results for FY2025 (HK$'000) | Segment | External Revenue | Segment Profit | | :--- | :--- | :--- | | Structural engineering work | 596,969 | 60,835 | | Supply, installation and trading of building material products | 70,742 | 21,677 | | **Total** | **667,711** | **82,512** | [19. TRADE AND OTHER RECEIVABLES, DEPOSITS AND PREPAYMENTS](index=95&type=section&id=19.%20TRADE%20AND%20OTHER%20RECEIVABLES%2C%20DEPOSITS%20AND%20PREPAYMENTS) The loss allowance for trade receivables increased by 150% to HK$26.0 million, reflecting a significant rise in credit risk, bringing the net trade receivables balance to HK$126.0 million Movement in Loss Allowance for Trade Receivables (HK$'000) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Balance at beginning of year | 10,435 | 1,641 | | Provision for the year | 15,603 | 8,794 | | **Balance at end of year** | **26,038** | **10,435** | [35. FINANCIAL RISK MANAGEMENT](index=114&type=section&id=35.%20FINANCIAL%20RISK%20MANAGEMENT) The Group manages credit risk from concentrated trade receivables using an expected credit loss model, while interest rate risk is minimal after repaying all bank borrowings by year-end - **Credit Risk Concentration**: As of March 31, 2025, the Group's largest trade debtor and five largest trade debtors accounted for **36% and 64%** of total trade receivables, respectively[700](index=700&type=chunk)[703](index=703&type=chunk) - The Group applies the simplified approach (lifetime expected credit losses) to measure the loss allowance for trade receivables, retention receivables, and contract assets[704](index=704&type=chunk)[707](index=707&type=chunk) [Financial Summary](index=124&type=section&id=Financial%20Summary) [Financial Summary](index=124&type=section&id=Financial%20Summary) Over the past five years, the Group's revenue has grown steadily, while profit has fluctuated, and net assets have remained stable in the HK$260-290 million range for the last three years Five-Year Results Summary (HK$'000) | Fiscal Year | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | Revenue | 667,711 | 666,037 | 568,490 | 494,170 | 458,493 | | Gross Profit | 107,095 | 115,231 | 100,767 | 60,713 | 100,653 | | Profit for the year | 36,157 | 46,378 | 37,147 | 11,505 | 50,171 | Five-Year Assets and Liabilities Summary (HK$'000) | Fiscal Year | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | Total Assets | 437,817 | 526,633 | 497,976 | 402,126 | 431,393 | | Total Liabilities | (176,419) | (234,279) | (234,184) | (154,761) | (163,168) | | Net Assets | 261,398 | 292,354 | 263,792 | 247,365 | 268,225 |

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佈之內容概不負責， 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佈全部或任何 部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 KPa-BM Holdings Limited 應力控股有限公司 * （ 於開曼群島註冊成立之有限公司 ） （股份代號：2663） 截至二零二五年三月三十一日止年度之全年業績公佈 | 財務摘要 | | | | --- | --- | --- | | | 截至三月三十一日止年度 | | | | 二零二五年 | 二零二四年 | | | 百萬港元 | 百萬港元 | | 收益 | 667.7 | 666.0 | | 毛利 | 107.1 | 115.2 | | 毛利率 | 16.0% | 17.3% | | 年內溢利 | 36.2 | 46.4 | | 純利率 | 5.4% | 7.0% | | 股息 | | | | 末期 | 每股3.0港仙 | 每股4.0港仙 | | 特別 | 零 | 每股4.0港仙 | | | 於三月三十一日 | | | | 二零二五年 | 二零二四年 | | | 百萬港元 | 百萬港元 | ...

EF001 其他信息 其他信息 不適用 發行人董事 於本公佈日期，執行董事為葉柏雄先生（董事會主席）及韋日堅先生，而獨立非執行董事為黎碧芝女士、林志偉先生、楊傑明博 士及灌志明博士。 第 2 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 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 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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 應力控股有限公司 | | 股份代號 | 02663 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2023年3月31日止之期末股息 | | 公告日期 | 2025年6月25日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2025年3月31日 | | 宣派股息的報告期末 | 2025年3月31日 | | 宣派股息 | 每 股 ...

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倚賴 該等內容而引致之任何損失承擔任何責任。 （ 於開曼群島註冊成立的有限公司 ） （股份代號：2663） 有關截至二零二四年三月三十一日止年報之補充公告 茲提述應力控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」） 截至二零二四年三月三十一日止的年報（「二零二四年年報」）。 除另有所指 外，本公告所用詞彙與二零二四年年報內所界定者具有相同涵義。 除二零二四年年報内「董事會報告」及「綜合財務報表附註」附註 27 所披露的 有關購股權計劃資料外，本公司董事會（「董事會」）欲根據上市規則第 17 章 提供以下關於本集團的購股權計劃的額外資料。 購股權計劃 根據上市規則第 17.07(2)條及第 17.09(3)條，本公司謹此澄清，根據購股權計劃 可供授出的購股權總數如下： 可供授出的 購股權總數 於二零二三年四月一日 - 本年內變動 - 於二零二四年三月三十一日 - 根據購股權計劃，本公司可發行之股份總數為 60,000,000 股，相當於本公司 ...

應力控股有限公司（「本公司」）之董事(「董事」)會(「董事會」)謹此宣告， 董事會將於二零二五年六月二十五日(星期三)舉行會議，以商討(其中包括)考慮 批准本公司及其附屬公司截至二零二五年三月三十一日止之全年業績，以及考 慮派發股息 (如有)。 承董事會命 應力控股有限公司 主席及執行董事 葉柏雄 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倚賴 該等內容而引致之任何損失承擔任何責任。 （ 於開曼群島註冊成立的有限公司 ） （股份代號：2663） 董事會會議通告 香港，二零二五年六月十三日 於本公告日期，董事會成員包括執行董事葉柏雄先生（董事會主席）及韋日堅先生；以及獨立 非執行董事為黎碧芝女士、林志偉先生、楊傑明博士及灌志明博士。 * 僅供識別 ...