Financial Performance - The total revenue for the six months ended June 30, 2025, was HKD 444,500,000, an increase of 17.4% compared to HKD 378,500,000 for the same period in 2024[13]. - Revenue for the six months ended June 30, 2025, was HKD 444,541,000, an increase of 17.4% compared to HKD 378,542,000 for the same period in 2024[56]. - The company reported a loss before tax of HKD 115,901,000, compared to a loss of HKD 36,676,000 in the previous year, indicating a significant increase in losses[56]. - The net loss for the six months ended June 30, 2025, was approximately HKD 115,500,000, compared to a net loss of HKD 36,800,000 for the same period in 2024[17]. - Total comprehensive loss for the six months was HKD 88,441,000, compared to HKD 47,648,000 in the previous year, reflecting a worsening financial position[58]. - Basic and diluted loss per share for the period was HKD 2.02, compared to HKD 0.79 in the same period last year[56]. Revenue Breakdown - The mining business generated revenue of HKD 110,600,000, while the supply chain business saw a decrease in revenue from HKD 328,000,000 to HKD 290,400,000[13]. - Revenue for the supply chain business was HKD 289,842,000, a decrease of 11.3% from HKD 326,800,000 in the previous year[79]. - Revenue from iron ore mining and selection was HKD 110,580,000, with no prior year comparison available[79]. Cost and Expenses - Direct costs and operating expenses increased significantly from HKD 361,500,000 to HKD 421,600,000, and administrative expenses rose from HKD 24,000,000 to HKD 71,000,000[15]. - The company reported total expenses of HKD 118.82 million for the mining project, with operating expenses of HKD 92.87 million and capital expenditures of HKD 25.95 million for the six months ended June 30, 2025[39]. - The company incurred an expected credit loss of HKD 4,773,000 during the period, compared to a reversal of HKD 3,163,000 in the previous year[56]. Assets and Liabilities - The company's total liabilities as of June 30, 2025, were HKD 1,309,321,000, with the supply chain business accounting for HKD 453,593,000[83]. - The company's net asset value decreased to HKD 515,762,000 from HKD 604,203,000, showing a decline in overall equity[61]. - The company's intangible assets increased to HKD 209,000,000, including mining rights valued at HKD 208,600,000[19]. - The company's cash and cash equivalents as of June 30, 2025, were HKD 20,700,000, a slight decrease from HKD 21,700,000 as of December 31, 2024[25]. Financial Ratios - The debt-to-equity ratio increased to 150.2% as of June 30, 2025, compared to 127.9% as of December 31, 2024, primarily due to significant losses during the period[25]. - The current ratio decreased to 0.53 from 0.75, mainly due to a substantial increase in borrowings due within one year[26]. Operational Challenges - The supply chain business faced significant challenges, with revenue slowing or even decreasing compared to the same period last year[8]. - The hotel management and catering services segment recorded a revenue decrease of approximately 14% compared to the same period in 2024, primarily due to a slowdown in consumer recovery and increased competition[9]. - The hotel management and catering services segment continues to incur losses, mainly due to fair value losses on investment properties[9]. - The iron ore mining and processing business experienced downward pressure due to unfavorable price changes and high fixed costs[8]. Strategic Initiatives - The group continues to focus on enhancing credit control measures and monitoring receivables to mitigate financial risks[8]. - The group plans to improve product and service quality in the hotel and catering market to maintain competitiveness[10]. - The group is actively seeking new potential customers to diversify revenue sources in its supply chain business[8]. - The group is implementing prudent and flexible strategies to enhance cost efficiency and optimize operational management[9]. - The group aims to release mining capacity to effectively dilute high fixed costs[8]. Shareholder Information - Major shareholders include Tengle Holdings and Yuerong Holdings, each holding 980,000,000 shares, representing 17.41% of total shares[42]. - Zongchuan Investment Holdings holds 950,000,000 shares, accounting for 16.87% of total shares[42]. - The total number of shares outstanding as of June 30, 2025, is 5,630,000,000[46]. Legal and Financial Obligations - The company is facing a legal lawsuit from the bank for the repayment of the loan, totaling approximately RMB 294,300,000, including principal and interest[49]. - The company is negotiating with the bank to extend the repayment period and aims for an amicable settlement[50]. - The company has ongoing litigation regarding outstanding loans totaling approximately RMB 318,794,000 (approximately HKD 337,954,000)[72]. Employee and Management Changes - The group employed approximately 520 staff as of June 30, 2025, compared to about 280 employees a year earlier, indicating an increase of approximately 85.7%[34]. - Changes in the board of directors include the appointment of new independent non-executive directors and the resignation of several executive directors[45][47]. Investment and Capital Expenditures - Capital expenditures for property, plant, and equipment investments reached approximately HKD 28.2 million for the six months ended June 30, 2025, a significant increase from HKD 2.7 million for the same period in 2024, representing a growth of over 900%[30]. - The company has not disclosed any other individuals or corporations with interests in its shares as of June 30, 2025[43].

致：香港交易及結算所有限公司 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 | | | 公司名稱: 百德國際有限公司 呈交日期: 2025年9月2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) | 02668 | 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 | | 0.02 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.02 | HKD | | 200,000,000 | 本月底法定/註冊股本總額： HKD 200,000,0 ...

Core Viewpoint - Baida International (02668) announced a change in its board structure, effective September 1, 2025, with Mr. Xing Shuguang transitioning from Executive Director to Non-Executive Director, and Mr. Lv Zhengjun appointed as the Authorized Representative and member of both the Strategy Committee and Investment and Financing Committee [1] Group 1 - Mr. Xing Shuguang will no longer serve as the Authorized Representative or a member of the Strategy Committee and Investment and Financing Committee [1] - Mr. Lv Zhengjun has been appointed as the Authorized Representative and a member of both the Strategy Committee and Investment and Financing Committee [1]

Core Viewpoint - The announcement indicates a leadership change within the company, with Mr. Xiang Shuguang transitioning from an executive director to a non-executive director role, effective September 1, 2025 [1] Group 1 - Mr. Xiang Shuguang will no longer serve as the company's authorized representative or as a member of the strategy committee and investment and financing committee [1] - Mr. Lü Zhengjun has been appointed as the authorized representative and as a member of both the strategy committee and investment and financing committee [1]

PAK TAK INTERNATIONAL LIMITED （百德國際有限公司 ）* 獨立非執行董事 陳靜儀女士 李 云女士 李伍波先生 本公司設有五個董事委員會。每個董事委員會之成員資料載於以下列表。 Pak Tak International Limited（百德國際有限公司）*（「本公司」）之董事會（「董事會」）成員 載列如下： 執行董事 吳宗傳先生 （主席兼行政總裁） 劉偉雄先生 呂正軍先生 非執行董事 幸曙光先生 （於百慕達註冊成立之有限公司） （股份代號：2668） 董事名單與其角色和職能 | | 董事委員會 | | 審核委員會 | 薪酬委員會 | 提名委員會 | 策略委員會 | 投資及 | | --- | --- | --- | --- | --- | --- | --- | --- | | 董事 | | | | | | | 融資委員會 | | 吳宗傳先生 | | | - | 成員 | 主席 | 主席 | 主席 | | 劉偉雄先生 | | | - | - | - | 成員 | 成員 | | 呂正軍先生 | | - | | - | - | 成員 | 成員 | | 幸曙光先生 | | | - | - ...

Group 1 - The company Baida International (02668.HK) announced a management change effective September 1, 2025 [1] - Xiang Shuguang has been reassigned from Executive Director to Non-Executive Director and will no longer serve as the company's authorized representative or a member of the Strategy Committee and Investment and Financing Committee [1] - Lu Zhengjun has been appointed as the new authorized representative and a member of both the Strategy Committee and Investment and Financing Committee [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，概不對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的任何損失承擔任何責任。 1. 幸先生已由執行董事調任為非執行董事； 董事調任； 董事委員會組成變更； 及 授權代表及法律程序文件代理人變動 董事會謹此宣佈，自二零二五年九月一日起： 於本公告日期，幸先生於本公司股份、相關股份或債權證中並無視為擁有且並無擁有香港法 例第571章《證券及期貨條例》第XV部界定的任何權益。 除本文所披露外，董事會並不知悉任何有關幸先生的調任而須根據上市規則第13.51(2)(h) 至(v)條的任何規定予以披露的事項，或任何其他須提請股東垂注的事項。 2. 幸先生已不再擔任本公司之授權代表、策略委員會及投資及融資委員會各自之成員; 及 3. 呂先生已獲委任為授權代表、策略委員會及投資及融資委員會各自之成員。 Pak Tak International Limited（百德國際有限公司）*（「本公司」）董事（「董事」）會 （「董事會」）謹此宣佈，因幸曙光先生（「幸先生」）有意投入更多時間於其他業務， 故 ...

Group 1 - The company reported a revenue of HKD 445 million for the six months ending June 30, 2025, representing a year-on-year increase of 17.4% [1] - The company's loss attributable to equity shareholders was HKD 114 million, compared to a loss of HKD 36.8 million in the same period last year [1] - The basic loss per share was HKD 0.0202 [1]

Group 1 - The company reported revenue of HKD 445 million for the six months ending June 30, 2025, representing a year-on-year increase of 17.44% [1] - The loss attributable to equity shareholders was HKD 114 million, which is a significant increase of 209.14% compared to the previous year [1] - The basic loss per share was HKD 0.0202 [1]

Group 1 - The company reported revenue of HKD 445 million for the six months ending June 30, 2025, representing a year-on-year increase of 17.44% [1] - The loss attributable to equity shareholders was HKD 114 million, which expanded by 209.14% year-on-year [1] - The basic loss per share was HKD 0.0202 [1]