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。 WAI HUNG GROUP HOLDINGS LIMITED 偉 鴻 集 團 控 股 有 限 公 司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股 份 代 號：3321） 香港，二零二五年八月十三日 於本公告日期，董事會成員包括執行董事李錦鴻先生、余銘濠先生、邱益明先生、 陳健玉女士及關雄駿先生；非執行董事李俊豪先生；及獨立非執行董事董清女士、 譚子軒先生及俞君象先生。 代表董事會 偉鴻集團控股有限公司 主席 李俊豪先生 董事會會議通告 偉鴻集團控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）宣佈，本公司 將於二零二五年八月二十九日（星期五）舉行董事會會議，藉以（其中包括）批准 本公司及其附屬公司截至二零二五年六月三十日止六個月之未經審核中期業績及 建議派發中期股息（如有）。 ...

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: 2025年7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: 偉鴻集團控股有限公司 呈交日期: 2025年8月1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) | 03321 | 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 | HKD | | 0.01 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | 本月底法定/註冊股本 ...

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。 WAI HUNG GROUP HOLDINGS LIMITED 偉 鴻 集 團 控 股 有 限 公 司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股 份 代 號：3321） 延遲刊發年報 茲提述偉鴻集團控股有限公司（「本公司」）日期為二零二五年五月二十三日、二零 二五年五月二十六日及二零二五年七月四日的公告（「該等公告」）。除文義另有所 指外，本公告所用詞彙與該等公告所界定者具有相同涵義。 董事會謹此宣佈，由於本公司需要更多時間編製年報，故二零二四年年報將於二 零二五年八月底而非二零二五年七月底前刊發。 承董事會命 偉鴻集團控股有限公司 主席 李俊豪先生 香港，二零二五年七月三十一日 於本公告日期，董事會成員包括執行董事李錦鴻先生、余銘濠先生、邱益明先生、 陳健玉女士及關雄駿先生；非執行董事李俊豪先生；及獨立非執行董事董清女士、 譚子軒先生及俞君象先生。 ...

Group 1 - The Hang Seng Index rose by 1.53% to close at 23,512.49 points on June 3 [1] - Wei Hong Group Holdings (03321.HK) closed at HKD 0.067 per share, up 9.84%, with a trading volume of 4.31 million shares and a turnover of HKD 279,500 [1] - In the past month, Wei Hong Group Holdings has seen a cumulative increase of 8.93%, and a year-to-date increase of 19.61%, outperforming the Hang Seng Index by 15.44% [2] Group 2 - As of December 31, 2024, Wei Hong Group Holdings reported total revenue of HKD 7.9244 million, a decrease of 91.66% year-on-year, and a net profit of -HKD 43.9053 million, down 76.07% year-on-year [2] - The company's gross margin was -54.13%, and its debt-to-asset ratio was 146.76% [2] - Currently, there are no institutional investment ratings for Wei Hong Group Holdings [2] Group 3 - Wei Hong Group Holdings Limited is a contractor providing renovation and maintenance services in Macau, focusing on renovation projects for existing buildings, including entertainment venues, retail areas, hotels, restaurants, commercial properties, and residential properties [3] - The company primarily serves the commercial sector, especially facilities within Macau's integrated resorts [3] - In the fiscal years 2015, 2016, and 2017, the company recorded total revenues of approximately HKD 114 million, HKD 114.7 million, and HKD 189.1 million, with renovation services accounting for about 95%, 96.1%, and 99.5% of total revenue, respectively [3]

Company Overview - Wei Hong Group Holdings Limited is a contractor providing renovation and maintenance services in Macau, focusing on renovation projects for existing buildings, including entertainment venues, retail areas, hotels, restaurants, commercial properties, and residential properties [3] - The company primarily serves the commercial sector, particularly facilities within integrated resorts in Macau [3] Financial Performance - As of December 31, 2024, Wei Hong Group Holdings reported total revenue of 7.9244 million MOP, a decrease of 91.66% year-on-year [1] - The net profit attributable to the parent company was -43.9053 million MOP, down 76.07% year-on-year [1] - The gross profit margin was -54.13%, and the debt-to-asset ratio stood at 146.76% [1] Market Position - Currently, there are no institutional investment ratings for Wei Hong Group Holdings [2] - The company's price-to-earnings (P/E) ratio is -0.45, ranking 214th in the industry, while the average P/E ratio for the construction industry (TTM) is 10.55 [2] - Other companies in the industry have P/E ratios such as Pujiang International at 1.01, and Dining King (Global) at 1.49 [2] Historical Performance - In the fiscal years 2015, 2016, and 2017, the company recorded total revenues of approximately 114.0 million MOP, 114.7 million MOP, and 189.1 million MOP, respectively, with renovation services accounting for about 95.0%, 96.1%, and 99.5% of total revenue [3] - The company has completed 88 renovation projects with a total original contract value of approximately 343.9 million MOP [3] Future Outlook - A significant decrease in profit is anticipated for the 2024 annual report, with expected earnings of approximately -48.5 million MOP, representing a year-on-year decline of 74.46% [4]

Financial Performance - For the year ending December 31, 2024, the group's revenue was approximately MOP 8.8 million, a decrease of about 91.7% compared to MOP 105.8 million in 2023[5] - The loss for the year ending December 31, 2024, was approximately MOP 48.9 million, an increase of about 76.1% from a loss of MOP 27.8 million in 2023[5] - Basic loss per share for the year ending December 31, 2024, was approximately 8.1 Macanese cents, compared to 5.5 Macanese cents in 2023[5] - Total revenue for the year ended December 31, 2023, was MOP 105,848,000, with a loss before tax of MOP 26,828,000[27] - Revenue for the year 2024 was MOP 8,830,000, a decrease of 91.66% from MOP 105,848,000 in 2023, primarily from renovation services[16] - The group recorded a net loss of approximately 48,923,000 MOP as of December 31, 2024, with total borrowings amounting to about 57,646,000 MOP, all of which are current borrowings[43] Assets and Liabilities - Total assets less current liabilities amounted to MOP (64.5 million) for the year ending December 31, 2024, compared to MOP (15.9 million) in 2023[7] - The group's total liabilities increased to MOP 202.3 million in 2024 from MOP 184.5 million in 2023[7] - Trade receivables decreased to MOP 78.85 million in 2024 from MOP 95.1 million in 2023[7] - The group's cash and cash equivalents decreased to MOP 0.83 million in 2024 from MOP 4.52 million in 2023[7] - Total borrowings amounted to MOP 57,646,000, a decrease from MOP 62,675,000 in the previous year, while cash and cash equivalents dropped to MOP 833,000 from MOP 4,523,000[12] Operational Highlights - The group completed 42 renovation projects and was awarded 29 renovation projects during the fiscal year ending December 31, 2024[51] - The group’s renovation services generated MOP 8,595,000 in revenue, while maintenance services contributed MOP 235,000[25] - The group anticipates recognizing revenue from unfulfilled contracts amounting to MOP 883,000 for renovation services by December 31, 2025[22] - The group is actively negotiating with financial institutions to extend existing bank financing to support operational funding in the foreseeable future[17] - The group aims to expand its business into China and diversify into anti-counterfeiting technology to generate sufficient operating cash flow[17] Expenses and Costs - The group's administrative expenses were MOP 19.11 million for the year ending December 31, 2024, down from MOP 42.36 million in 2023[6] - The total subcontracting costs decreased by approximately 87.8% to about 13.6 million MOP from approximately 111.1 million MOP in the previous year, reflecting a reduction in costs associated with the decrease in revenue[53] - The group incurred an operating loss of MOP 48,923,000 before tax, with administrative expenses totaling MOP 19,114,000 and financing costs of MOP 7,668,000[25] - Other income decreased to MOP 79,000 in 2024 from MOP 373,000 in 2023, primarily due to a drop in bank interest income[30] - Financing costs rose to MOP 7,668,000 in 2024 from MOP 3,634,000 in 2023, reflecting increased borrowing[30] Corporate Governance and Future Plans - The group plans to change its name to "Zhongke Weidian (Group) Limited" to improve its corporate image and future growth prospects, pending shareholder and regulatory approval[50] - The board believes that with the implementation of the planned measures, the group will have sufficient working capital to meet its current needs until December 31, 2025[49] - The group is facing significant uncertainties regarding its ability to continue as a going concern due to its financial situation and the need to repay borrowings[44] - The group has taken measures to alleviate liquidity pressure, including optimizing human resources and controlling capital expenditures[17] - The group plans to adopt more aggressive measures to collect long-term overdue trade receivables, including seeking professional advice for claims or liquidation petitions[48] Dividend and Shareholder Information - The group did not recommend the payment of a final dividend for the year ending December 31, 2024[5] - The company did not recommend any dividends for the year ended December 31, 2024, consistent with 2023[33] - The board does not recommend the payment of a final dividend for the year ending December 31, 2024, with future dividends subject to the company's profitability and operational needs[77] Employee and Human Resources - As of December 31, 2024, the group had 20 employees, a decrease from 48 employees in 2023, resulting in total employee costs of approximately 14.5 million Macanese Patacas compared to 27.3 million Macanese Patacas in the previous year[73] - The group has cash and cash equivalents of approximately 833,000 MOP and pledged bank deposits of about 15,340,000 MOP as of December 31, 2024[43] Audit and Compliance - The audit committee, consisting of five independent non-executive directors, reviewed the audited annual results and discussed internal controls and financial reporting matters[84] - The company has adopted the Corporate Governance Code and complies with the relevant rules, except for the separation of the roles of Chairman and CEO, which is being addressed with the appointment of a new CEO[80][81]

Group 1 - Shouhui Group has officially launched its IPO, offering approximately 24.36 million shares at a price range of HKD 6.48 to HKD 8.08 per share, with a listing date expected on May 30 [1] - The funds raised from the IPO will be used for optimizing the sales network, R&D investment, and acquisitions, which will enhance the company's market competitiveness and business scale [1] Group 2 - Heng Rui Pharmaceutical's shares surged by 32.24% in the dark market, closing at HKD 58.25 after an initial offering price of HKD 44.05, indicating strong market confidence in its future [2] - The company reported a revenue of 27.985 billion yuan for 2024, a year-on-year increase of 22.63%, and a net profit of 6.337 billion yuan, up 47.28% from the previous year [2] Group 3 - Wei Hong Group Holdings expects a net loss of approximately 48.5 million Macanese Patacas for the fiscal year 2024, compared to a net loss of about 27.8 million Macanese Patacas in 2023, attributed to a decline in revenue [3] - The group's revenue for the reporting year is expected to be around 9.7 million Macanese Patacas, down from approximately 105.8 million Macanese Patacas in the previous year [3] Group 4 - Longqi Technology plans to issue H-shares and list on the Hong Kong Stock Exchange to enhance its capital strength and international brand image, supporting its global business development [4] - The issuance will be subject to approval from the shareholders' meeting and relevant government and regulatory bodies [4] Group 5 - The Hang Seng Index closed at 23,544.31, down 1.19%, while the Hang Seng Tech Index fell by 1.70% to 5,251.75 [5] - The Yuqi Index also decreased by 1.19%, closing at 8,557.64 [5]

Group 1 - The company has signed a non-binding memorandum of understanding with Nanjing Zhongke Micropoint Group Co., Ltd. to explore mutual business opportunities focusing on advanced anti-counterfeiting technology products [1] - The collaboration aims to utilize advanced research to produce secure and traceable barcodes, enhancing product integrity and global consumer trust [1] - The board believes that the project will establish multiple independent data and production centers across several provinces in China, allowing the company to participate as a consultant in interior renovation projects for these centers [1] Group 2 - The strategic partnership is expected to leverage Hong Kong's advantages as a free port and its expertise in trade and banking, facilitating international operations and market expansion [1] - This collaboration represents a strategic shift in the company's business focus towards the high-tech industry, particularly in security and identification technology [1] - The board believes that the memorandum will help diversify the company's business segments while continuing to provide core renovation services, aligning with the interests of the company and its shareholders [1] Group 3 - In light of the strategic cooperation and to better reflect the new business direction, the board has proposed changing the company's English name to "Zhongke Micropoint (Group) Co., Ltd." and adopting "中科微点(集团)有限公司" as the second name [2]

Group 1 - Jianbang High-Tech submitted its listing application to the Hong Kong Stock Exchange, focusing on silver powder production for photovoltaic silver paste, with 2024 revenue of approximately 3.95 billion yuan, a year-on-year increase of 41.99% [1] - The company reported a gross profit of 131 million yuan, up 21.96% year-on-year, and a net profit of about 79 million yuan, reflecting a 31.95% increase [1] - Jianbang High-Tech aims to leverage its listing opportunity to expand its market presence and enhance competitiveness in the photovoltaic silver powder sector [1] Group 2 - Weixin Jinke announced that its minimum public shareholding has been restored, with approximately 163 million shares held by the public, accounting for 33.34% of total issued shares [2] - This restoration is crucial for maintaining the company's listing status and enhancing market confidence [2] - The company needs to continue monitoring its public shareholding to comply with relevant regulations and improve business performance [2] Group 3 - Weihong Group Holdings announced a further delay in publishing its 2024 annual results, now expected on May 12, due to incomplete bank confirmations and valuation reports [3] - The company's shares have been suspended from trading since April 1, 2024, indicating significant challenges in financial reporting [3] - The uncertainty surrounding the financial data may affect investor confidence and market perception of the company's financial health [3] Group 4 - China Longgong reported investments in various wealth management products, with unredeemed principal amounts of approximately 1.246 billion yuan in Bank of China products, 1.126 billion yuan in CCB products, 620 million yuan in CITIC products, and 410 million yuan in Minsheng products [4] - This diversified investment strategy reflects the company's cautious approach to fund management and risk diversification [4] - However, the high unredeemed principal amounts indicate potential market and liquidity risks that investors should monitor [4] Group 5 - Xunzhong Co., a new third board innovative layer enterprise, submitted its listing application to the Hong Kong Stock Exchange, previously having filed a prospectus on July 26, 2024 [5] - The company is positioned as a leading provider of intelligent cloud communication services, holding a 1.8% market share in China's cloud communication service market in 2023 [5] - The renewed listing application demonstrates the company's commitment to expanding its international market presence and enhancing its competitiveness in the global cloud communication sector [5] Group 6 - The Hang Seng Index closed at 22,504.68, with a gain of 1.74% on May 2 [6] - The Hang Seng Tech Index rose by 3.08%, closing at 5,244.06 [6] - The National Enterprises Index increased by 1.92%, ending at 8,231.04 [6]

[Company Information](index=2&type=section&id=Company%20Information) [Company Overview](index=2&type=section&id=Company%20Information) This section provides fundamental information about Wai Hung Group Holdings Limited, including details on its board members, committee compositions, registered office, principal place of business, auditor, legal advisors, and share registrar - Mr. Li Kam Hung serves as the Chairman and Chief Executive Officer, with Mr. Yu Ming Ho and Mr. Yau Yan Ming as Executive Directors[2](index=2&type=chunk) - The Company Secretary changed from Mr. Lam Wai Kei to Mr. Wong Sze Lok on February 8, 2024[2](index=2&type=chunk) [Management Discussion and Analysis](index=4&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review and Outlook](index=5&type=section&id=Business%20Review%20and%20Prospects) The Group, a decoration and maintenance service contractor in Macau and Hong Kong, primarily serving commercial facilities within Macau's integrated resorts, anticipates increased tender opportunities from casino-related projects as Macau's tourism recovers post-COVID-19, supporting a gradual financial performance recovery - The Group's core business involves providing decoration and maintenance services in Macau and Hong Kong, primarily for licensed casino gaming operators in Macau[5](index=5&type=chunk) - With the recovery of Macau's tourism industry, the company expects an increase in casino-related project tenders, creating business opportunities for the Group[5](index=5&type=chunk) [Financial Review](index=5&type=section&id=Financial%20Review) During the reporting period, the Group's financial performance significantly deteriorated, with total revenue plummeting by 89.5% year-on-year, declining gross profit and margin, and a substantial impairment loss due to a key debtor's liquidation, coupled with doubled administrative expenses, resulting in a net loss of MOP 58.6 million, a 630.2% increase [Revenue Analysis](index=6&type=section&id=Revenue) For the six months ended June 30, 2024, the Group's total revenue was MOP 6.1 million, a significant 89.5% decrease from MOP 58.4 million in the prior year | Metric | Six Months Ended June 30, 2024 (MOP Million) | Six Months Ended June 30, 2023 (MOP Million) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Total Revenue | 6.1 | 58.4 | -89.5% | [Gross Profit and Gross Margin Analysis](index=6&type=section&id=Gross%20Profit%20and%20Gross%20Margin) During the reporting period, gross profit decreased from MOP 2.0 million to MOP 0.2 million, with the gross margin declining from 3.5% to 2.9%, primarily due to projects with lower profit margins recognized during the period | Metric | Six Months Ended June 30, 2024 (MOP Million) | Six Months Ended June 30, 2023 (MOP Million) | | :--- | :--- | :--- | | Gross Profit | 0.2 | 2.0 | | Gross Margin | 2.9% | 3.5% | [Impairment Loss Analysis](index=7&type=section&id=Impairment%20Loss) The reporting period saw a total impairment loss provision of approximately MOP 42.8 million for financial and contract assets, compared to a reversal of MOP 0.4 million in the prior year, primarily due to a debtor's liquidation order by the Hong Kong High Court - The Group recognized an impairment loss of approximately **MOP 42.8 million** due to a debtor's liquidation order, a primary contributor to the period's expanded loss[11](index=11&type=chunk) [Administrative Expenses Analysis](index=7&type=section&id=Administrative%20Expenses) Administrative expenses increased by approximately 100% from MOP 7.2 million to MOP 14.4 million, primarily driven by a rise in administrative staff costs from MOP 3.5 million to MOP 8.2 million | Metric | Six Months Ended June 30, 2024 (MOP Million) | Six Months Ended June 30, 2023 (MOP Million) | | :--- | :--- | :--- | | Administrative Expenses | 14.4 | 7.2 | | Administrative Staff Costs | 8.2 | 3.5 | [Loss for the Period Analysis](index=8&type=section&id=Loss%20for%20the%20Period) The loss for the period was approximately MOP 58.6 million, a substantial increase of MOP 50.6 million or 630.2% compared to the MOP 8.0 million loss in the prior year | Metric | Six Months Ended June 30, 2024 (MOP Million) | Six Months Ended June 30, 2023 (MOP Million) | Y-o-Y Change | | :--- | :--- | :--- | :--- | | Loss for the Period | 58.6 | 8.0 | +630.2% | [Company Finance and Risk Management](index=8&type=section&id=Company%20Finance%20and%20Risk%20Management) As of the reporting period end, the Group's cash position declined, bank borrowings slightly increased, and the gearing ratio significantly decreased due to a substantial negative total equity, reflecting a more severe financial state; the Group maintains prudent treasury policies and continuously monitors foreign currency risk, primarily from HKD - As of June 30, 2024, the Group's bank and cash equivalents were approximately **MOP 17.3 million**, a **12.4% decrease** from the end of 2023[16](index=16&type=chunk) - As of June 30, 2024, the gearing ratio was approximately **86.7%**, a significant decrease from **1,768.0%** at the end of 2023, primarily due to total equity deteriorating from negative **MOP 15.9 million** to negative **MOP 74.4 million**[18](index=18&type=chunk)[46](index=46&type=chunk) - The Group's currency risk primarily stems from HKD, with no current foreign currency hedging policy, though management continuously monitors it[20](index=20&type=chunk) [Employees and Remuneration Policy](index=11&type=section&id=Employees%20and%20Remuneration%20Policy) As of the reporting period end, the Group's employee count significantly decreased to 34 from 67 in the prior year; however, total staff costs increased from MOP 3.5 million to MOP 8.2 million, which the report attributes to an increase in employees, indicating a potential discrepancy or referring specifically to administrative staff costs | Metric | June 30, 2024 | June 30, 2023 | | :--- | :--- | :--- | | Total Employees | 34 | 67 | | Total Staff Costs (MOP Million) | 8.2 | 3.5 | [Events After Reporting Period](index=11&type=section&id=Events%20After%20Reporting%20Period) Significant negative events occurred post-reporting period: Chairman Mr. Li Kam Hung and Executive Director Mr. Yu Ming Ho were arrested by the ICAC on August 19, 2024, for alleged offenses under the Prevention of Bribery Ordinance and Securities and Futures Ordinance, with their duties suspended, though the Board believes this has not materially adversely affected the Group's daily operations - 【Significant Risk】Executive Director and Chairman Mr. Li Kam Hung and Executive Director Mr. Yu Ming Ho were arrested by the ICAC on August 19, 2024, for alleged bribery and securities ordinance violations, and their duties have been suspended[27](index=27&type=chunk) [Interim Dividend](index=11&type=section&id=Interim%20Dividend) Considering the Group's operating results and financial position, the Board does not recommend paying any interim dividend for the six months ended June 30, 2024 - The Board does not recommend declaring an interim dividend for 2024[28](index=28&type=chunk) [Other Information](index=11&type=section&id=Other%20Information) [Directors' and Chief Executives' Interests](index=12&type=section&id=Directors'%20and%20Chief%20Executives'%20Interests%20in%20Shares,%20Underlying%20Shares%20and%20Debentures) This section discloses the shareholding interests of directors and chief executives, noting that Chairman Mr. Li Kam Hung holds approximately **42.42%** of the company's shares through his wholly-owned company, Qiao Yu Limited | Director Name | Capacity | Number of Shares Held | Percentage | | :--- | :--- | :--- | :--- | | Mr. Li Kam Hung | Interest in Controlled Corporation | 214,093,000 Shares | 42.42% | [Share Option Scheme](index=13&type=section&id=Share%20Option%20Scheme) The company adopted a share option scheme in 2019, valid until 2029; as of the reporting period end, no share options have ever been granted or remain outstanding under this scheme - Since the adoption of the share option scheme, the company has never granted any share options[35](index=35&type=chunk) [Corporate Governance](index=17&type=section&id=Corporate%20Governance) The company claims compliance with the Corporate Governance Code, but deviates by having the roles of Chairman and Chief Executive Officer held by the same individual, Mr. Li Kam Hung; the Board believes this arrangement ensures consistent leadership and efficiency, with independent non-executive directors safeguarding shareholder interests - The company has a corporate governance deviation where the roles of Chairman and Chief Executive Officer are held by the same person, Mr. Li Kam Hung, not complying with Code Provision C.2.1[38](index=38&type=chunk) [Condensed Consolidated Financial Statements](index=20&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Consolidated Statement of Profit or Loss](index=21&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) The Consolidated Statement of Profit or Loss indicates a significant revenue contraction during the period, with a pre-tax loss of MOP 58.6 million and a total loss for the period of MOP 58.6 million, resulting in a basic loss per share of MOP 0.116, driven by substantial asset impairment losses and increased administrative expenses Consolidated Statement of Profit or Loss Summary (Six Months Ended June 30) | Metric (MOP Thousand) | 2024 (Unaudited) | 2023 (Unaudited) | | :--- | :--- | :--- | | Revenue | 6,126 | 58,445 | | Gross Profit | 178 | 2,036 | | Impairment Loss on Financial Assets | (42,801) | 384 (Reversal) | | Loss Before Tax | (58,582) | (7,053) | | **Loss for the Period** | **(58,582)** | **(8,023)** | | Basic Loss Per Share (MOP Cents) | (11.6) | (1.6) | [Consolidated Statement of Financial Position](index=21&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) The Statement of Financial Position reveals the company's severe insolvency as of the reporting period end, with net current liabilities expanding to MOP 75.7 million and total net liabilities (total deficit) reaching MOP 74.4 million, indicating an extremely fragile financial position Consolidated Statement of Financial Position Summary | Metric (MOP Thousand) | June 30, 2024 (Unaudited) | December 31, 2023 (Audited) | | :--- | :--- | :--- | | Total Assets | 114,306 | 168,581 | | Total Liabilities | 188,751 | 184,464 | | **Net Current Liabilities** | **(75,713)** | **(17,408)** | | **Net Liabilities / Total Deficit** | **(74,445)** | **(15,883)** | [Consolidated Statement of Cash Flows](index=23&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) During the reporting period, operating activities resulted in a net cash outflow of MOP 3.2 million, contrasting with a net inflow in the prior year, while financing activities recorded a small net cash inflow, leading to a decrease in period-end cash and cash equivalents to MOP 2.1 million Consolidated Statement of Cash Flows Summary (Six Months Ended June 30) | Metric (MOP Thousand) | 2024 (Unaudited) | 2023 (Unaudited) | | :--- | :--- | :--- | | Net Cash from Operating Activities | (3,231) | 999 | | Net Cash from Investing Activities | 1 | 350 | | Net Cash from Financing Activities | 760 | (3,515) | | **Net Decrease in Cash and Cash Equivalents** | **(2,470)** | **(2,166)** | | Cash and Cash Equivalents at End of Period | 2,061 | 2,590 | [Summary of Notes to Financial Statements](index=25&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) Notes to the financial statements reveal critical risk information, including a significant increase in impairment provisions for trade receivables, approximately MOP 50.5 million in defaulted bank borrowings and overdrafts with ongoing negotiations, and a substantial surge in amounts due to a director (Chairman Mr. Li) to MOP 22.7 million - Impairment provision for trade receivables significantly increased from **MOP 32.2 million** to **MOP 72.6 million**[69](index=69&type=chunk) - Amounts due to Executive Director Mr. Li Kam Hung, which are unsecured, interest-free, and repayable on demand, surged from **MOP 2.97 million** to **MOP 22.7 million**[72](index=72&type=chunk) - 【Significant Risk】As of the reporting period end, the Group had approximately **MOP 50.53 million** in defaulted bank borrowings and overdrafts, which, if lenders exercise their rights, would become immediately repayable[75](index=75&type=chunk)