此乃要件 請即處理 閣下如對本通函的任何方面或應採取的行動有任何疑問，應諮詢 閣下的股票經紀或其他持 牌證券交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已將名下的榮豐億控股有限公司（「本公司」）股份全部售出或轉讓，應立即將本通函 送交買方或承讓人，或經手買賣或轉讓的銀行、股票經紀或其他代理，以便轉交買方或承讓 人。 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函的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不就因本通函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。 （於開曼群島註冊成立的有限公司） （股份代號：3683） 主要交易 出售船舶 本通函（本公司董事願共同及個別對此負全責）乃遵照香港聯合交易所有限公司證券上市規 則之規定而提供有關本集團之資料。本公司董事經作出一切合理查詢後確認，就彼等深知及 確信，本通函所載資料在各重大方面均屬準確及完整，並無誤導或欺詐成分，且本通函並無 遺漏任何其他事實，致使當中所載任何聲明或本通函有所誤導。 2025年8月15日 | 釋義 | 1 | | --- | --- | | 董事會函件 | 4 | | ...

(Incorporated in the Cayman Islands with limited liability) （ 於開曼群島註冊成立的有限公司） (If you have previously submitted written request to receive Corporate Communications in printed form, printed version of the above Corporate Communication(s) is/are enclosed herewith.) You may at any time send your request in writing to the Company (c/o its Hong Kong Share Registrar, Union Registrars Limited ("Hong Kong Share Registrar") at Suites 3301-04, 33/F., Two Chinachem Exchange Square, 338 King's Road, North Point, Hong K ...

(Incorporated in the Cayman Islands with limited liability) （ 於開曼群島註冊成立的有限公司） (Stock Code 股份代號： 3683) NOTIFICATION LETTER 通 知 信 函 Dear Shareholder(s), 15 August 2025 The following document(s) of Great Harvest Maeta Holdings Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.greatharvestmg.com and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively "Websites"):- 榮豐億控股有限公司 (「本公司」)下述文件已編制中、英文版本及於本公司之網站 www.greatharve ...

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 FF301 第 1 頁 共 10 頁 v 1.1.1 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: 榮豐億控股有限公司 （於開曼群島註冊成立的有限公司） 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) | 03683 | 說明 | | | | | | | | | | 多櫃檯證券代號 | | 說明 | | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.01 | HKD | | | 40,000,000 | | 增加 / 減少 (-) | | | | ...

（於開曼群島註冊成立的有限公司） 股份代號：3683 (incorporated in the Cayman Islands with limited liability) Stock code: 3683 2025 Annual Report 2025 年 報 Annual Report 2025 年 報 目錄 2 詞彙 5 公司資料 6 五年財務概要 7 主席報告 8 管理層討論及分析 27 董事會及高級管理層 30 企業管治報告 50 審核委員會報告 51 董事會報告 66 環境、社會及管治報告 103 獨立核數師報告 106 綜合損益及其他全面收益表 107 綜合財務狀況表 109 綜合權益變動表 111 綜合現金流量表 113 綜合財務報表附註 榮豐億控股有限公司 2 2025年年報 詞彙 | 「2011年購股權計劃」 | 指 | 本公司於2011年8月19日舉行的本公司股東週年大會上獲股東以普通 | | --- | --- | --- | | | | 決議案批准及採納的購股權計劃，已於2021年8月18日期滿 | | 「2021年購股權計劃」 | 指 | 本公司於2021年8月18日舉行的本公司股 ...

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依賴該等內容而引致的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：3683） 截至2025年3月31日止年度 經審核全年業績 財務摘要 1 • 截至2025年3月31日止年度錄得收益14,000,000美元，較截至2024年3月31日止 年度的13,500,000美元增加4.4%。 • 截至2025年3月31日止年度確認經營虧損6,400,000美元，而截至2024年3月31 日止年度的經營虧損則為500,000美元。 • 扣除利息、稅項、折舊、攤銷及減值虧損撥備╱撥回前盈利（「EBITDA」）由截 至2024年3月31日止年度的3,100,000美元增加至截至2025年3月31日止年度的 7,900,000美元。 • 截至2024年3月31日止年度的本公司擁有人應佔虧損為7,100,000美元，而截至 2025年3月31日止年度增加至10,400,000美元。 • 截至2024年3月31日止年度的每股基本及攤薄虧損為0. ...

Financial Performance - Great Harvest Maeta Holdings Limited reported a revenue of HKD 150 million for the first half of 2024, representing a 20% increase compared to the same period last year[2]. - The company achieved an EBITDA of HKD 45 million, which is a 15% increase year-over-year, indicating improved operational efficiency[2]. - The company has provided a revenue guidance of HKD 300 million for the full year 2024, reflecting a projected growth of 10%[2]. - Revenue for the six months ended September 30, 2024, reached $11,560,000, a significant increase from $6,639,000 in the same period of 2023, representing a growth of 74.5%[12]. - The company recorded a net loss of approximately $7,474,000 for the six months ended September 30, 2024, leading to an inability to issue a review conclusion by the auditor[63]. - The net loss for the period was $(7,474) thousand, compared to $(6,685) thousand in the previous year, reflecting an increase in losses of approximately 11.8%[127]. Operational Efficiency - User data showed a growth in active users by 25%, reaching a total of 500,000 users as of June 2024[2]. - New product launches contributed to 30% of total revenue, highlighting the success of recent innovations[2]. - The average daily charter rate for the fleet increased by 18.3% to $11,132, compared to the same period last year[22]. - The fleet's average utilization rate was 92.2%, reflecting strong operational performance[22]. - The company has invested HKD 10 million in R&D for new technologies aimed at improving user experience and operational efficiency[2]. Market Expansion and Strategy - The company is expanding its market presence in Southeast Asia, targeting a 15% market share by the end of 2025[2]. - The company plans to enhance its digital marketing strategy, expecting a 30% increase in online sales by the end of 2024[2]. - The company is in discussions for potential acquisitions to enhance its product portfolio and market reach[2]. Financial Position - Total assets as of September 30, 2024, were $103,163,000, down from $115,213,000 as of March 31, 2024[13]. - Net assets decreased to $14,978,000 from $22,468,000 over the same period[13]. - The company's debt-to-asset ratio increased to 56.7% from 54.5% on March 31, 2024, primarily due to the sale of the vessel GH Power and recognized impairment losses[47]. - Current liabilities exceeded current assets by approximately $66,196,000 as of September 30, 2024, including loans and borrowings of about $107,000 and convertible bonds of approximately $56,857,000[120]. Cash Flow and Financing - Cash and cash equivalents stood at approximately $1,623,000 as of September 30, 2024[120]. - The company plans to settle the outstanding amount of convertible bonds, approximately $56,857,000, in cash by December 31, 2024[149]. - The company is actively seeking additional financing, including debt financing and bank loans, to meet operational and financing needs[150]. - The company is actively negotiating with bondholders for repayment extensions under the settlement agreement, with no formal agreement reached as of the report date[151]. Risk Management - The company faces various financial risks, including market risk, credit risk, and liquidity risk, which are actively managed by the management team[162]. - There is significant uncertainty regarding the company's ability to generate sufficient cash inflows to meet its operational needs over the next twelve months[157]. - The group reported a loss before tax of $7,474,000 for the six months ended September 30, 2024, with a breakdown of losses from ship leasing at $5,146,000 and property investment at $2,030,000[176]. Corporate Governance - The company has complied with the corporate governance code, except for the deviation regarding the roles of the chairman and CEO being held by the same individual[108]. - The company is currently seeking suitable candidates to fill the vacancy of independent non-executive directors following the resignation of Dr. Chan on August 30, 2024[104]. - The audit committee has reviewed the management's views regarding the lack of review conclusion and agrees with the management's rationale[66].

Financial Performance - For the six months ended September 30, 2024, the company reported total revenue of $11,560,000, a slight increase from $11,424,000 in the same period of 2023[2] - The gross profit for the period was $136,000, compared to a gross loss of $3,210,000 in the previous year, indicating a significant improvement[2] - The operating loss for the six months was $5,422,000, compared to a loss of $4,043,000 in the same period of 2023, reflecting ongoing challenges[2] - The net loss before tax was $7,474,000, compared to a loss of $6,685,000 in the prior year, showing a worsening financial position[6] - The group reported a revenue of $11,560,000 for the six months ended September 30, 2024, compared to $6,639,000 for the same period in 2023, reflecting an increase of approximately 74%[43][46] - The group incurred a pre-tax loss of $7,474,000 for the six months ended September 30, 2024, compared to a loss of $6,685,000 for the same period in 2023[43][46] - The company reported a basic loss attributable to shareholders of $(7,468) thousand for the six months ended September 30, 2024, compared to $(6,679) thousand for the same period in 2023[56] - The loss for the six months ended September 30, 2024, was $7,500,000, an increase of $800,000 or 11.8% compared to the loss of $6,700,000 for the same period in 2023[90] - EBITDA slightly decreased from $1,400,000 for the six months ended September 30, 2023, to $1,300,000 for the six months ended September 30, 2024[90] Assets and Liabilities - The total assets decreased to $103,163,000 as of September 30, 2024, down from $115,213,000 as of March 31, 2024[16] - The company's total liabilities were $88,185,000, a decrease from $92,745,000 in the previous reporting period[18] - Cash and cash equivalents stood at $1,623,000, an increase from $1,058,000 as of March 31, 2024, indicating improved liquidity[16] - The net current liabilities increased to approximately $66,200,000 as of September 30, 2024, from $64,200,000 as of March 31, 2024, mainly due to a decrease in trade receivables and the repayment of $1,000,000 in accrued interest on convertible bonds[100] - Current liabilities exceeded current assets by approximately $66,196,000 as of September 30, 2024, including loans and borrowings of about $107,000 and convertible bonds of approximately $56,857,000[131] Financing and Liquidity - The company is actively seeking additional financing options to improve its liquidity position, including debt financing and bank loans[24] - The company is in discussions with bondholders regarding repayment extensions and potential asset liquidation as part of settlement plans[25][26] - The company has committed to provide funding of at least $30 million through its ultimate holding company within 24 months from September 30, 2024[28] - The group is actively seeking alternative financing and bank loans to meet existing financial obligations and future operational and capital expenditures[29] - The company plans to repay the remaining amount of $46,230,000 of the convertible bonds by December 31, 2024, along with all accumulated interest[95] - The company plans to make a one-time cash payment of approximately $57,823,000 to redeem convertible bonds by December 31, 2024, which includes principal and interest payments[131] Operational Performance - The average daily rental income per vessel increased by 18.3% to approximately $11,132, with an average fleet utilization rate of 92.2% during the period from April 1, 2024, to September 30, 2024[68] - The fleet's utilization rate remained high at 92.2% as of September 30, 2024, indicating effective management of the remaining vessels[81] - The company has expanded into ship sub-chartering, completing seven shipments from April to September 2024, generating over $6,600,000 in freight revenue[76] - The company is focused on improving its dry bulk shipping leasing operations amidst market volatility to generate sufficient operating cash flow[32] - The average daily charter income rose from $9,407 to $11,132 during the same period, indicating improved fleet performance[76] - Service costs increased from $6,900,000 to $11,400,000, a rise of $4,500,000 or 66.6%, primarily due to the new chartering business initiated in April 2024[77] Market Conditions - The Baltic Dry Index (BDI) averaged 1,836 points in the first half of 2024, representing a year-on-year increase of 58.7%, marking the third highest half-year average since 2011[65] - The global dry bulk shipping volume for the first half of 2024 was approximately 2.64 billion tons, reflecting a year-on-year growth of 5.8%[67] - The Panama-type vessel rental rate averaged $15,910 per day, a significant increase of 35.2% year-on-year[67] - The outlook for the dry bulk shipping market remains optimistic due to strong coal demand in Southeast Asia and India, despite potential adjustments in the second half of 2024[73] Impairment and Asset Management - The company has incurred a significant impairment loss of $1,150,000 on property, plant, and equipment, down from $2,644,000 in the previous year, suggesting better asset management[2] - The company recognized an impairment loss of $1,200,000 for the six months ended September 30, 2024, due to the recoverable amount being lower than the carrying value of two vessels[88] - The fair value of the vessels, net of disposal costs, was estimated at $26,600,000 as of September 30, 2024, based on a valuation by a leading international ship valuation firm[83] - As of September 30, 2024, the total recoverable amount of vessels, determined at fair value less costs of disposal, is $26,600,000[88] Corporate Governance and Compliance - The audit committee consists of two independent non-executive directors as of the announcement date, which does not meet the requirement of at least three members[128] - The company has adopted the standard code for securities trading by directors and confirmed compliance for the six months ending September 30, 2024[127] - There are significant uncertainties regarding the company's ability to continue as a going concern due to the financial situation outlined in the financial statements[132] - The company is assessing various plans and measures to improve its liquidity and financial position, which are critical for its ongoing operations[134] Miscellaneous - The company did not recommend an interim dividend for the six months ended September 30, 2024, consistent with the previous year[58] - The group has no significant investments exceeding 5% of total assets as of September 30, 2024[115] - The group has no major acquisitions or disposals other than the sale of the vessel GH Power during the six months ended September 30, 2024[114] - The group has no significant contingent liabilities as of September 30, 2024[117] - The group has not engaged in any purchase, sale, or redemption of its listed securities during the six months ended September 30, 2024[120] - The interim results announcement and report for the six-month period ending September 30, 2024, will be published on the company's website[143]

Financial Performance - Revenue for the year ended March 31, 2024, was $13,452,000, a decrease of 26.5% from $18,233,000 in 2023[14] - Gross profit for the year was $510,000, compared to $2,046,000 in the previous year, reflecting a significant decline[14] - The net loss attributable to the owners of the company for the year was $7,126,000, compared to a loss of $17,093,000 in 2023, indicating an improvement[14] - EBITDA decreased from $8,775,000 in 2023 to $3,118,000 in 2024, a reduction of approximately 64.5%[25] - The basic and diluted loss per share for the year was $0.75, compared to $1.79 in the previous year, indicating a reduction in loss per share[14] Assets and Liabilities - Total assets decreased to $115,213,000 in 2024 from $132,992,000 in 2023, a reduction of approximately 13.5%[16] - Non-current assets, including property, plant, and equipment, decreased to $111,075,000 from $126,631,000, a decline of about 12.3%[16] - Cash and cash equivalents dropped to $1,058,000 from $2,041,000, a decrease of 48.2%[16] - The company’s total equity decreased to $22,468,000 from $30,737,000, a decline of approximately 26.9%[16] - Total liabilities decreased to $(92,745,000) in 2024 from $(102,255,000) in 2023[25] - Net assets fell to $22,468,000 in 2024, down from $30,737,000 in 2023, indicating a decline of 26.9%[25] Operational Efficiency and Strategy - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future performance[14] - The group will continue to maintain an active and prudent operational strategy to reduce operational risks and improve performance[59] - The company has not entered into any arrangements to hedge against fluctuations in the cost of funds arising from floating-rate borrowings[48] Employee and Management - The group has 79 employees as of March 31, 2024, down from 103 employees as of March 31, 2023[49] - The total salary and related costs for the year ended March 31, 2024, were approximately $5,600,000, compared to $6,000,000 in 2023[49] - Senior management is invited to attend all board meetings to enhance communication between the board and management[199] Corporate Governance - The board has adopted a policy for board member diversity to enhance efficiency, considering factors such as gender, age, cultural background, and professional experience[100] - The company has established a shareholder communication policy to ensure timely information dissemination to shareholders and potential investors[97] - The board is responsible for leading and monitoring the company, ensuring actions are in the best interests of the company and its shareholders[117] - The company has adopted corporate governance principles as per the listing rules, with some deviations noted[116] - The board has a risk management framework in place to communicate and assess major risks[102] Financial Obligations and Debt Management - The company has agreed to a supplementary settlement agreement with bondholders, involving a total repayment of $51,230,000, with $5,000,000 to be paid in ten quarterly installments of $500,000 each, and a final payment of $46,230,000 due on December 31, 2024[74] - The company must repay the remaining fifth quarterly payment of $400,000 by December 31, 2023, and the sixth quarterly payment of $500,000 is due by the same date[166] - The group had outstanding bank borrowings of approximately $500,000 as of March 31, 2024, down from about $11,400,000 as of March 31, 2023[70] Market Outlook - The international dry bulk shipping market is expected to perform slightly better in 2024 compared to 2023, supported by a supply-demand imbalance[60] - The company expects a slight improvement in the global economic situation for the fiscal year 2024, with the international dry bulk shipping market remaining in a relatively good state[107] Risk Management - The company has established a risk management framework that integrates risk management into business processes, including strategic development and investment decisions[176] - The board of directors is responsible for the effectiveness of the risk management and internal control systems, which are reviewed at least annually[179] - The risk management procedures are integrated into strategy development, business planning, and daily operations, including risk identification and assessment[146] Internal Controls and Compliance - The company has a comprehensive internal control system aimed at managing risks rather than eliminating them, providing reasonable assurance against material misstatements[179] - The company is committed to maintaining high standards of business ethics and compliance with applicable laws in Hong Kong[123] - The company is committed to high standards of business integrity and transparency in all its transactions[171]

Financial Performance - The net other income for 2024 was $600, compared to $2,634 in 2023, with a loss from the sale of properties, plants, and equipment amounting to $(4,386)[2] - Total revenue decreased from approximately $18.2 million for the year ending March 31, 2023, to about $13.5 million for the year ending March 31, 2024, a decline of approximately $4.7 million or 26.2%[66] - The gross profit dropped significantly from approximately $2 million to about $500,000, with the gross margin falling from 11.2% to 3.8%[67] - The net loss for the year ended March 31, 2024, was approximately $6,800,000, a decrease of $10,300,000 or 60.2% compared to the loss of $17,100,000 for the year ended March 31, 2023[79] - EBITDA declined from $8,800,000 for the year ended March 31, 2023, to $3,100,000 for the year ending March 31, 2024, a decrease of $5,700,000[81] - Operating loss for the year ended March 31, 2024, was $530,000, compared to an operating loss of $6,249,000 for the year ended March 31, 2023[180] - Net loss attributable to the company's owners decreased from $17,100,000 for the year ended March 31, 2023, to $7,100,000 for the year ended March 31, 2024[179] Revenue and Income - Revenue for the year ended March 31, 2024, was $13,500,000, a decrease of 26.2% from $18,200,000 for the year ended March 31, 2023[179] - Revenue from major customers contributing over 10% of total revenue was $9,299 million in 2024, down from $14,795 million in 2023[174] - The company’s revenue from ship leasing services was significantly impacted by the loss of major customers in 2024[174] - The company’s total revenue from China was $73,474 million in 2024, compared to $70,656 million in 2023[163] Expenses and Liabilities - Depreciation of property, plant, and equipment for 2024 was $4,944, down from $6,765 in 2023, while employee benefit expenses increased to $1,650 from $1,452[4] - The income tax expense for 2024 was $1,256, compared to $9 in 2023, with deferred tax items contributing $1,247[7] - General and administrative expenses decreased from approximately $2,800,000 for the year ended March 31, 2023, to about $2,700,000 for the year ending March 31, 2024, a reduction of $100,000 or 5.0%[69] - The total salary and related costs for the year ending March 31, 2024, amounted to approximately $5,600,000, a decrease from $6,000,000 in 2023[107] - The company has a remaining liability of $55,900,000 for the convertible bonds as of March 31, 2024, after accounting for interest expenses and redemptions[37] Cash Flow and Financing - Cash and cash equivalents were approximately $1,100,000 as of March 31, 2024, down from about $2,000,000 as of March 31, 2023[82] - The company plans to make a one-time cash payment of approximately $55,900,000 for the outstanding amount of convertible bonds and all accrued interest by December 31, 2024[140] - The group is actively seeking additional financing, including debt financing and bank loans, due to insufficient financial resources to meet operational and financing requirements as of March 31, 2024[199] - The group is negotiating with bondholders regarding the extension of repayment terms under the settlement agreement, with expectations to reach an agreement at an appropriate time[200] Assets and Investments - Total assets decreased from $132,992,000 as of March 31, 2023, to $115,213,000 as of March 31, 2024[185] - The company has capital commitments of approximately $250,000 related to investment properties as of March 31, 2024[140] - The company has pledged assets worth $34,388,000 in ships as collateral for bank loans as of March 31, 2023, which have been fully repaid by March 31, 2024[39] - The estimated recoverable amount of the vessels, based on fair value less costs to sell, was $37,272,000 as of March 31, 2024, leading to a reversal of impairment loss of $872,000 for the year[77] Market Conditions - Global dry bulk shipping demand is expected to grow by 2.0% to 56.38 million tons in 2024, a decrease of 2.3 percentage points from 2023[56] - The global iron ore trade volume is projected to increase by 2.0% to 156.8 million tons in 2024[57] - The Baltic Dry Index (BDI) averaged 1,378 points in 2023, a decrease of 28.7% compared to the average in 2022, but slightly above the 2019 average of 1,353 points[45] - The average daily rental income for the fleet decreased to $10,269, down by $2,891 or 22% from the previous year[52] Future Outlook - The group anticipates a slight improvement in the global economic situation for 2024, with expectations of growth in the international dry bulk shipping market[113] - The management has prepared cash flow forecasts considering various plans and measures for at least the next twelve months from March 31, 2024[141] - The effectiveness of the going concern assumption depends on the success of the plans and measures implemented by the management[141] - The company will continue to monitor market changes and explore potential investment opportunities to increase revenue sources[113]