Group 1 - HSSP INTL's stock price experienced significant volatility, initially rising over 36% before closing down 55.13% at HKD 3.72, with a trading volume of HKD 89.43 million and an intraday fluctuation of nearly 95% [1] - On October 22, HSSP INTL's shareholders transferred shares from First Shanghai Securities to Fuli Securities, with a market value of HKD 340 million, representing 20.09% of the company [1] - The Hong Kong Securities and Futures Commission previously investigated the company's share distribution, revealing that only 9.87% of the issued shares are held by other shareholders [1] Group 2 - The company announced that its wholly-owned subsidiary, Qiming Oriental Limited, has signed an agreement with COTY to establish a joint venture in the UAE for the distribution of the global e-cigarette brand, IQOS [1] - Another wholly-owned subsidiary has entered into a professional services agreement with a service provider to facilitate the registration and import of e-cigarette products in Australia [1] - The board has proposed to rename the listed company to East Nova Holdings Limited [1]

Group 1 - HSSP INTL announced a joint venture with COTY to distribute e-cigarette products in the Middle East, focusing on the "LOST MARY" brand [1][3] - The joint venture will initially target Saudi Arabia, Iraq, and Egypt, with the Middle East e-cigarette market projected to reach $3.5 billion by the end of 2025, growing at a compound annual growth rate (CAGR) of 21% [1] - HSSP INTL's subsidiary Alpha Six Three is working on registering and importing HEAPS e-cigarette products in Australia, having already established a branch in New Zealand for e-cigarette sales [2] Group 2 - COTY, based in Dubai, is a diversified investment holding company with expertise in alternative nicotine, technology, and retail, providing support for the joint venture's expansion in the high-growth Middle Eastern market [3] - The company "Miracle" is a leading player in the e-cigarette industry, having transitioned from a channel trader to a global brand owner, with operations in over 100 markets and more than 100,000 retail outlets worldwide [3] - HSSP INTL's board proposed changing the company's name to East Nova Holdings Limited to better reflect its future business plans and direction [2]

Core Viewpoint - HSSP INTL (03626) has established a joint venture with Coty Holding Ltd to distribute brand electronic cigarette devices in the UAE, with HSSP holding a 30% stake and Coty holding 70% [1][2] Group 1: Joint Venture Details - The joint venture will be formed through HSSP's wholly-owned subsidiary, East Nova Limited, and will require confirmation from UAE legal advisors before becoming official [1] - East Nova and Coty will invest 90,000 AED (approximately 190,000 HKD) and 210,000 AED (approximately 440,000 HKD) respectively into the joint venture [1] Group 2: Strategic Intent and Market Position - The establishment of the joint venture aims to provide a strong platform for HSSP's electronic cigarette business and capitalize on market opportunities [2] - Coty is a diversified investment holding company based in Dubai, with strategic interests across nicotine alternatives, technology, and retail sectors [2] - Coty oversees leading platforms in the GCC region, including ANDS, a leader in nicotine alternative distribution, and Smokers Center, a retail chain focused on next-generation nicotine products [2] Group 3: Expansion Plans - HSSP's wholly-owned subsidiary, Alpha Six Three Limited, has signed a professional services agreement with an independent service provider to manage the registration and import of "HEAPS" brand electronic cigarette products in Australia [2] - This move follows Alpha Six Three's establishment of a subsidiary in New Zealand in November 2024 to sell electronic cigarette devices [2]

Core Viewpoint - HSSP INTL (03626) proposes to change its English name from "Hang Sang (Siu Po) International Holding Company Limited" to "East Nova Holdings Limited" and adopts the Chinese name "启明东方控股有限公司" as its dual foreign name [1] Company Name Change - The board of HSSP INTL has recommended a new English name for the company [1] - The new Chinese name will be "启明东方控股有限公司" [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，並明確表示概不會就本公告全部或任何部分內容而產生或因依賴該等內容而 引致的任何損失承擔任何責任。 HANG SANG (SIU PO) INTERNATIONAL HOLDING COMPANY LIMITED 建議更改公司名稱 及建議採納新組織章程大綱及細則 成立一間合資公司及業務最新進展 Hang Sang (Siu Po) International Holding Company Limited （「本公司」）董事會（「董事會」）欣然宣佈， 於二零二五年十月三十日（交易時段後），East Nova Limited（「East Nova」，本公司全資附屬公司）與 Coty Holding Ltd（「Coty」）訂立協議（「合資協議」），於阿拉伯聯合酋長國（「阿聯酋」）成立一間合資公 司，於合資公司訂約雙方將予協定之地區從事品牌電子煙設備之分銷。 合資協議之主要條款 資本承擔 合資公司將於阿拉伯聯合酋長國成立（「商業合資公司」），於合資公司訂約雙方將予協定之地區從事 品牌電子煙設備之分銷。於該合資公 ...

Hang Sang (Siu Po) International Holding Company Limited (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：3626) NOTIFICATION LETTER 通 知 信 函 Dear Non-registered Shareholder (Note 1) , 30 October 2025 The following document(s) of Hang Sang (Siu Po) International Holding Company Limited (the "Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.hangsangpress.com and The Stock Exchange of Hong Kong Limited ...

(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Hang Sang (Siu Po) International Holding Company Limited (Stock Code 股份代號：3626) NOTIFICATION LETTER 通知信函 Dear Shareholder(s), 30 October 2025 The following document(s) of Hang Sang (Siu Po) International Holding Company Limited (the "Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.hangsangpress.com and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (coll ...

Financial Performance - For the fiscal year ended June 30, 2025, the Group recorded revenue of approximately HK$95.2 million, representing an increase of approximately 35.9% compared to the previous year[19]. - The gross profit margin for FY2025 was approximately 38.2%, which is approximately 8.7% higher than that for FY2024[19]. - The Group achieved a profit and total comprehensive income of approximately HK$2.3 million for FY2025, in contrast to a loss of approximately HK$2.3 million for FY2024[19]. - Revenue growth in the printing segment was approximately 16.0%, reaching approximately HK$56.0 million despite geopolitical tensions and sluggish global economic growth[20]. - The Group recorded revenue of approximately HK$95.2 million for FY2025, representing an increase of approximately 35.9% compared to FY2024[37]. - The gross profit margin increased to approximately 38.2% for FY2025, up from 29.5% in FY2024, reflecting effective cost control[37]. - Profit and total comprehensive income for FY2025 was approximately HK$2.3 million, a turnaround from a loss of approximately HK$2.3 million in FY2024[37]. - Revenue from the manufacturing and sale of apparel labels and packaging printing products increased by approximately 16.0% to approximately HK$56.0 million, with gross profit margin rising by approximately 16.5 percentage points to 49.9%[38]. - Revenue from the sales and distribution of food and daily necessities increased by approximately 36.6% to approximately HK$21.7 million, although gross profit margin dropped by approximately 0.9 percentage points to 24.4%[39]. - The restaurant operation, acquired in February 2024, contributed approximately HK$16.4 million in revenue for FY2025, with a gross profit margin of around 24.4%[25]. - The E-cigarette business generated approximately HK$1.0 million in revenue after sales commenced in February 2025[55]. - The overall cost of sales as a percentage of total revenue decreased from approximately 70.5% in FY2024 to approximately 61.8% in FY2025, a reduction of approximately 8.7 percentage points[56]. Strategic Focus and Market Conditions - The Group's strategic focus remains on expanding its product offerings and market presence despite external challenges[20]. - The overall market has been affected by escalated trade conflicts and uncertainties in demand for apparel labels and packaging printing products[20]. - The Group acknowledges the impact of geopolitical tensions and sluggish consumer demand on its business segments, particularly in the catering and consumer-led industries[24]. - The Group plans to allocate additional resources to grow international sales of its existing vaping device business, which is expected to see a compound growth rate of approximately 9.3% from US$12,444.9 million in 2024 to US$19,435.0 million in 2029[27][29]. - The Group is committed to optimizing its strategy and exploring business diversification and collaboration opportunities to ensure sustained growth[32]. Corporate Governance and Board Changes - Wade Investment SPC Limited became the controlling shareholder of the Company following the close of the Offer on June 16, 2025[17]. - Significant changes in the Board of Directors occurred in connection with the close of the Offer[17]. - Following the resignation of Mr. Fung Man Wai Samson, Mr. Lu Xiaoma was appointed as chairman and Ms. Xin Yue Jasmine Geffner as CEO effective June 16, 2025[102]. - The company has complied with the Corporate Governance Code provisions, except for the deviations disclosed, and has appointed new independent non-executive directors to meet listing requirements[108]. - The company has committed to enhancing corporate governance standards to safeguard shareholder interests and improve group performance[101]. - The company does not recommend the payment of a final dividend for FY2025[116]. - The company has adopted the Model Code for Securities Transactions by Directors and confirmed compliance by all directors during FY2025[110]. - The company will continue to review and improve its corporate governance practices and standards[109]. - The Board has complied with the Corporate Governance Code throughout the year ended June 30, 2025, with some deviations noted[161]. - The Board consists of two executive Directors and three independent non-executive Directors, ensuring a balanced governance structure[163]. Financial Position and Cash Flow - As of June 30, 2025, the total cash and cash equivalents amounted to approximately HK$15.0 million, a decrease of approximately HK$18.5 million compared to June 30, 2024, mainly due to a special dividend payment of approximately HK$19.9 million during the year[70]. - The current ratio as of June 30, 2025, was 1.66 times, down from 2.36 times as of June 30, 2024; the quick ratio was 1.52 times, down from 2.23 times as of June 30, 2024[71]. - The Group has guaranteed a total accumulated net profit after taxation of no less than HK$9,200,000 for Sky Honor Holdings Limited for the period from March 1, 2024, to September 30, 2027[80]. - The net profit after taxation for the 2024 and 2025 profit guarantee periods exceeded HK$1,300,000 and HK$2,600,000, respectively, fulfilling the guaranteed profit for those periods[81]. - As of June 30, 2025, the Group had not pledged any assets, consistent with the previous fiscal year[89]. - The Group does not hedge its foreign currency risks as the exchange rate between HK$ and USD is controlled within a tight range, minimizing significant currency risk exposure[90]. Human Resources - The Group had 71 full-time staff as of June 30, 2025, an increase from 67 as of June 30, 2024, with no significant changes in emolument policies[94]. - The company employed 71 full-time management, administrative, and operational staff in Hong Kong as of June 30, 2025, an increase from 67 staff as of June 30, 2024[100]. Director Profiles and Experience - Ms. Xin Yue Jasmine Geffner has over 20 years of experience in management, financing, fundraising, and mergers and acquisitions[125]. - Ms. Geffner served as CFO for Dorsett Hospitality International Services Limited from February 2019 to March 2025, and GreenTree Hospitality Group Limited from October 2017 to December 2018[126]. - Ms. Geffner is currently an independent director of Aureus Greenway Holdings Inc. and Helport AI Limited, both listed on Nasdaq[128]. - Mr. Ye Changqing has over 30 years of experience in professional accounting, financial advisory, and investment[132]. - Mr. Ye has been an independent non-executive director of Baozun Inc. since May 2016 and Jinxin Fertility Group Limited since June 2019[132]. - Ms. Pickett Heidi Verrill has over 30 years of experience in business strategy, global development, and financial management[139]. - Ms. Pickett is currently the Chief Business Officer at The Tie, a leading provider of information services for digital assets[139]. - Mr. Huang has more than 20 years of experience in private equity and investment banking, currently serving as CEO of Vcanbio Capital Management LLC since October 2017[147]. - Mr. Li, the CFO, has over 19 years of experience in accounting and corporate finance, overseeing financial and budget control for the Group since joining in August 2015[156]. Board Responsibilities and Meetings - The Board is responsible for enhancing shareholder value and presenting a clear assessment of the Company's performance[168]. - The Board has fiduciary duty and statutory responsibility towards the Company and the Group[169]. - The Company has arranged appropriate liability insurance cover for Directors against legal actions arising from corporate activities[175]. - The Board delegates day-to-day management to the management of principal subsidiaries[170]. - The Board held 4 regular meetings during the year ended June 30, 2025[180]. - All Directors are regularly updated on governance and regulatory matters[182]. - The Company Secretary provides updates on developments regarding the Listing Rules and other applicable regulatory requirements[177]. - Independent Non-executive Directors (INEDs) ensure effective corporate governance and monitor the Group's performance[178]. - The attendance of Directors at meetings is documented, ensuring accountability and engagement[185].

Core Viewpoint - HSSP INTL has shown significant financial improvement, with a notable increase in revenue and a return to profitability, primarily driven by its manufacturing and sales of clothing labels and packaging printing products [1] Financial Performance - For the fiscal year ending June 30, 2025, HSSP INTL reported revenue of HKD 95.152 million, representing a year-on-year growth of 35.88% [1] - The company achieved a profit attributable to owners of HKD 2.656 million, marking a turnaround from a loss to profitability [1] - Earnings per share were reported at HKD 0.0144 [1] Shareholder Activity - On October 22, HSSP INTL's shares were transferred from First Shanghai Securities to Fai Lee Securities, with a total market value of HKD 340 million, accounting for 20.09% of the company's shares [1]

Core Viewpoint - HSSP INTL has shown significant financial improvement, with a notable increase in revenue and a return to profitability, primarily driven by its clothing label and packaging printing segments [1] Financial Performance - For the fiscal year ending June 30, 2025, HSSP INTL reported revenue of HKD 95.152 million, representing a year-on-year growth of 35.88% [1] - The company achieved a profit attributable to shareholders of HKD 2.656 million, marking a turnaround from a loss to profitability [1] - Earnings per share were reported at HKD 0.0144 [1] Shareholder Activity - On October 22, HSSP INTL's shares were transferred from First Shanghai Securities to Fali Securities, with a total market value of HKD 340 million, accounting for 20.09% of the company's shares [1]