中期 5 報告 家鄉互動科技有限公司 Homeland Interactive Technology Ltd. ( 於開曼群島註冊成立的有限公司 ) 股份代號：3798 | 目 錄 | | | --- | --- | | 公司資料 | 2 | | 業務概覽及展望 | 4 | | 管理層討論與分析 | 7 | | 簡明綜合財務報表審閱報告 | 12 | | 簡明綜合損益及其他全面收益表 | 13 | | 簡明綜合財務狀況表 | 14 | | 簡明綜合權益變動表 | 16 | | 簡明綜合現金流量表 | 18 | | 簡明綜合財務報表附註 | 20 | | 其他資料 | 50 | 公司資料 董事會 執行董事 吳承澤先生 （主席） 蘇波先生 丁春龍先 生 獨立非執行董事 張玉國先生 胡洋洋先生 郭瑩女士 審核委員會 胡洋洋先生 （主席） 張玉國先生 郭瑩女士 薪酬委員會 胡洋洋先生 （主席） 張玉國先生 郭瑩女士 提名委員會 吳承澤先生 （主席） 胡洋洋先生 郭瑩女士 聯席公司秘書 吳嘉雯女士 (ACG, HKACG) 吳介然先生 香港證券登記處 卓佳證券登記有限公司 香港 夏慤道16 號 遠東金融中心17 樓 開 ...

于2025年9月12日，董事会议决根据股份奖励计划向1名获选参与者(为集团雇员)授予合共423.4万股奖励 股份，惟有待获选参与者接纳后方可作实。所授出奖励股份的购买价为零。 家乡互动(03798)发布公告，截至2025年6月30日止6个月，富途信托为股份奖励计划目的从公开市场购 入合共178.6万股股份。 ...

Group 1 - The company, Home Town Interactive (03798.HK), announced the purchase of a total of 1.786 million shares from the open market for the purpose of a share award plan, which is set to conclude on June 30, 2025 [1] - On September 12, 2025, the board of directors decided to grant a total of 4,233,967 award shares to one selected participant (an employee of the group) under the share award plan, pending acceptance by the selected participant [1] - The purchase price for the awarded shares is zero [1]

Group 1 - The company, Home Town Interactive (03798), announced that Futu Trust purchased a total of 1.786 million shares from the open market for the purpose of a share award plan, with the period ending on June 30, 2025 [1] - On September 12, 2025, the board of directors decided to grant a total of 4.234 million award shares to one selected participant, who is an employee of the group, pending acceptance by the participant [1] - The purchase price for the awarded shares is zero [1]

根據股份獎勵計劃購入股份 及 根據股份獎勵計劃 家 鄉 互 動 科 技 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：3798） 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分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Homeland Interactive Technology Ltd. 授出獎勵股份 茲 提 述本 公 司 於 二 零一 九 年 六 月六 日 採 納 的 股份 獎 勵 計 劃 。股 份 獎 勵 計劃 的 主 要條 款 概 要 載 於本 公 司 日 期為 二 零 一 九 年六 月 十 八 日 的招 股 章 程 及本 公司於二零二五年四月二十九日刊發的年報內。 根據股份獎勵計劃購入股份 董 事 會謹 此 宣 佈 ， 截至 二 零 二 五年 六 月 三 十 日止 六 個 月 ， 富途 信 託 為 股份 獎 勵 計 劃 目 的 從 公 開 市 場 購 入 合 共 1,786,000 股 股 份 。 所 購 入 股 份 的 詳 情 以 及富途信託根據股份獎勵計劃持有 ...

致：香港交易及結算所有限公司 公司名稱: 家鄉互動科技有限公司 呈交日期: 2025年9月2日 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8月31日 狀態: 新提交 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) | 03798 | 說明 | 普通股 | | | | | | | | | | 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 | USD | | 0.000005 | USD | | 50,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 10,000,000,000 | USD | | 0.000005 | USD | | 50,000 | 本月底法 ...

家乡互动发布截至2025年6月30日的六个月中期业绩。公司总收益为7.26亿元人民币，同比下降 13.12%。然而，公司股东应占溢利为3739.5万元，同比增长33.51%，每股基本盈利为3.05分。收益下降 的主要原因是自主开发手机游戏收入同比减少30.6%，这主要是由于商业化策略调整在短期内影响了部 分玩家的付费意愿。 ...

（原标题：家乡互动(03798)发布中期业绩，股东应占溢利3739.5万元，同比增加33.51%） 智通财经APP讯，家乡互动(03798)发布截至2025年6月30日止6个月的中期业绩，该集团取得收益7.26亿 元，同比减少13.12%;公司拥有人应占溢利3739.5万元，同比增加33.51%;每股基本盈利3.05分。 公告称，收益减少主要由于自主开发手机游戏收入同比下降30.6%，该下降受商业化策略调整在短期内 影响部分玩家的付费意愿。 ...

Core Points - The company, Home Town Interactive (03798), reported a revenue of 726 million, representing a year-on-year decrease of 13.12% [1] - The profit attributable to the owners of the company was 37.395 million, showing a year-on-year increase of 33.51% [1] - Basic earnings per share were 3.05 cents [1] Revenue Analysis - The decline in revenue was primarily due to a 30.6% year-on-year decrease in income from self-developed mobile games [1] - The decrease in mobile game revenue was influenced by adjustments in commercialization strategies, which temporarily affected some players' willingness to pay [1]

[Interim Results Announcement](index=1&type=section&id=%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E5%85%AC%E5%91%8A) [Financial Highlights](index=1&type=section&id=%E8%B2%A1%E5%8B%99%E6%91%98%E8%A6%81) The company reported a 13.1% decrease in revenue and a 22.9% decrease in gross profit, but a significant 58.8% increase in profit for the period and a 78.3% increase in non-IFRS adjusted net profit for the six months ended June 30, 2025 Financial Highlights for the Six Months Ended June 30, 2025 | Indicator | 2025 (RMB thousand) | 2024 (RMB thousand) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 726,044 | 835,659 | (13.1) | | Gross Profit | 318,352 | 412,968 | (22.9) | | Profit for the Period | 53,469 | 33,670 | 58.8 | | Non-IFRS Adjusted Net Profit Attributable to Owners of the Company | 74,902 | 42,002 | Not Applicable | - Non-IFRS adjusted net profit is primarily adjusted for share-based payment expenses, share of losses (profits) of associates and joint ventures, and impairment losses recognized on loan receivables under the expected credit loss model[3](index=3&type=chunk) [Revenue by Virtual Product Type](index=2&type=section&id=%E6%8C%89%E8%99%9B%E6%93%AC%E7%94%A2%E5%93%81%E9%A1%9E%E5%9E%8B%E5%8A%83%E5%88%86%E7%9A%84%E6%94%B6%E7%9B%8A) For the six months ended June 30, 2025, revenue from self-developed mobile games decreased by 30.6%, while third-party mobile game revenue surged by 123.4% and advertising revenue grew by 21.6%, resulting in an overall revenue decline of 13.1% Revenue by Virtual Product Type (For the Six Months Ended June 30) | Revenue Source | 2025 (RMB thousand) | % of Total Revenue | 2024 (RMB thousand) | % of Total Revenue | YoY Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | | Self-developed Mobile Games | 505,256 | 69.6 | 727,599 | 87.1 | (30.6) | | Third-party Mobile Games | 196,141 | 27.0 | 87,799 | 10.5 | 123.4 | | **Total Mobile Game Revenue** | **701,397** | **96.6** | **815,398** | **97.6** | **(14.0)** | | Advertising Revenue | 24,647 | 3.4 | 20,261 | 2.4 | 21.6 | | **Total** | **726,044** | **100.0** | **835,659** | **100.0** | **(13.1)** | - For the six months ended June 30, 2024, RMB34.2 million of revenue from self-developed mobile games was reclassified to third-party mobile game revenue to better reflect the Group's current situation[5](index=5&type=chunk) [Operating Highlights](index=3&type=section&id=%E7%B6%93%E7%87%9F%E6%91%98%E8%A6%81) As of June 30, 2025, Daily Active Users (DAUs) and average Monthly Active Users (MAUs) remained stable year-on-year, but the number of paying users significantly decreased, reflecting the short-term impact of commercialization strategy adjustments on light users' willingness to pay Key Operating Data (As of June 30) | Indicator | As of or For the Six Months Ended June 30, 2025 | As of or For the Six Months Ended June 30, 2024 | As of or For the Year Ended December 31, 2024 | | :--- | :--- | :--- | :--- | | Daily Active Users (DAUs) | 12,306,675 | 13,360,659 | 13,377,495 | | Paying Users | 9,089,428 | 15,691,516 | 17,756,141 | | Average Monthly Active Users (MAUs) | 59,781,933 | 65,697,381 | 64,342,667 | - DAUs refer to the number of daily active users on the last calendar day of any given period[8](index=8&type=chunk) - Paying users refer to players who have paid at least once to play the Company's mobile game products or purchased virtual tokens offered by the Company in its mobile game products during any given period[8](index=8&type=chunk) [Business Overview and Outlook](index=4&type=section&id=%E6%A5%AD%E5%8B%99%E6%A6%82%E8%A7%88%E5%8F%8A%E5%B1%95%E6%9C%9B) During the reporting period, the Group continued to focus on advantageous segments, achieving significant growth in third-party co-operated game revenue and effective marketing cost control through product content iteration, commercialization model optimization, and refined operations, with future plans to deepen AI technology application, expand user base, strengthen product reserves, and broaden strategic alliances [Business Review](index=4&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7) - Launched new seasonal mechanisms and themed visual versions, such as "Weile Fishing Thousand Cannons Edition" deeply integrating the Eastern fantasy theme of Shan Hai Jing[9](index=9&type=chunk) - "Weile Dou Dizhu" and "Weile Sichuan Mahjong" successfully launched on Douyin channel, consistently ranking among the top of Douyin's chess and card popularity list, achieving cross-platform user and brand growth[9](index=9&type=chunk) - Revenue from self-developed mobile games decreased year-on-year, primarily due to commercialization adjustments affecting the payment willingness of some light users[10](index=10&type=chunk) - Third-party mobile game revenue significantly increased by **123.4% to RMB196 million**[10](index=10&type=chunk) - Selling and marketing expenses decreased by **50.8% year-on-year to RMB128.6 million**[12](index=12&type=chunk) - Profit for the period increased by **58.8% year-on-year to RMB53.47 million**; adjusted net profit was **RMB74.9 million**, indicating an overall improvement in profitability[12](index=12&type=chunk) - Accelerated overseas expansion, with overseas fishing products receiving enthusiastic user response in markets such as Vietnam, Hong Kong, Macau, Taiwan, and Indonesia, and multiple products expected to be launched globally within 2025[13](index=13&type=chunk) - Multi-modal AI intelligent agent has entered comprehensive internal testing and multi-business adaptation stages, initially achieving automated empowerment in key aspects such as user portrait analysis, intelligent customer service, and video content distribution[14](index=14&type=chunk) [Strategies for H2 2025](index=6&type=section&id=%E4%BA%8C%E9%9B%B6%E4%BA%94%E4%BA%94%E5%B9%B4%E4%B8%8B%E5%8D%8A%E5%B9%B4%E7%AD%96%E7%95%A5) - Deepen cutting-edge technology, self-develop multi-modal AI intelligent agents, and promote their integration into various business segments, accelerating the AI transformation of the entire R&D and operation process[15](index=15&type=chunk) - Penetrate regional markets, precisely meet localized entertainment demands in domestic second and third-tier markets and regions with lower user penetration rates, and formulate differentiated marketing strategies to expand the user base[16](index=16&type=chunk) - Strengthen product reserves, advance testing and launch of multiple reserve projects, accelerate the launch of overseas products, and build diversified revenue growth engines[17](index=17&type=chunk) - Expand strategic alliances, actively explore new business opportunities through incubation, investment, and acquisition[18](index=18&type=chunk) [Management Discussion and Analysis](index=7&type=section&id=%E7%AE%A1%E7%90%86%E5%B1%A4%E8%A8%8E%E8%AB%96%E8%88%87%E5%88%86%E6%9E%90) Management discussed the financial performance and operating strategies for the reporting period, noting that revenue decline was mainly due to reduced self-developed game income, offset by significant growth in third-party games and advertising revenue, while effective cost control, particularly in selling and marketing and R&D expenses, drove substantial increases in profit for the period and adjusted net profit, with the company maintaining ample liquidity, no significant debt, and continued investment in AI technology and overseas market expansion [Financial Review](index=7&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) [Revenue](index=7&type=section&id=%E6%94%B6%E7%9B%8A) - Revenue primarily comprises income from virtual token sales for self-developed mobile games, third-party mobile games, and advertising[19](index=19&type=chunk) - For the six months ended June 30, 2025, total revenue was approximately **RMB726.0 million**, a **13.1% decrease** from approximately RMB835.7 million in the same period of 2024[20](index=20&type=chunk) - The decrease in revenue was mainly due to a **30.6% year-on-year decline** in self-developed mobile game revenue, affected by commercialization strategy adjustments impacting player payment willingness[20](index=20&type=chunk) Revenue Composition (For the Six Months Ended June 30) | Revenue Source | 2025 % Share | 2024 % Share | | :--- | :--- | :--- | | Sale of Virtual Tokens (Self-developed) | 69.6 | 87.1 | | Distribution of Third-party Mobile Games | 27.0 | 10.5 | | Advertising | 3.4 | 2.4 | [Cost of Sales and Gross Profit](index=7&type=section&id=%E9%8A%B7%E5%94%AE%E6%88%90%E6%9C%AC%E5%8F%8A%E6%AF%9B%E5%88%A9) - Cost of sales decreased by **3.5%** from approximately RMB422.7 million in the same period of 2024 to approximately **RMB407.7 million** in the same period of 2025, primarily due to reduced revenue from self-developed mobile games[21](index=21&type=chunk) - Gross profit decreased by **22.9%** from approximately RMB413.0 million in the same period of 2024 to approximately **RMB318.4 million** in the same period of 2025[22](index=22&type=chunk) - Gross profit margin decreased from **49.4%** in the same period of 2024 to **43.8%** in the same period of 2025, mainly due to increased new media costs and amortization of intangible assets[22](index=22&type=chunk) [Other Income, Gains and Losses](index=8&type=section&id=%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E3%80%81%E6%94%B6%E7%9B%8A%E5%8F%8A%E虧%E6%90%8D) - Other income decreased by **46.0%** from approximately RMB20.2 million in the same period of 2024 to approximately **RMB13.8 million** in the same period of 2025, primarily due to a decrease in interest income[23](index=23&type=chunk) - Other gains and losses changed from a gain of approximately RMB15.7 million in the same period of 2024 to a loss of approximately **RMB3.3 million** in the same period of 2025, a decrease of RMB18.9 million, mainly due to a loss of RMB10.4 million from derecognition of receivables upon disposal of an associate[24](index=24&type=chunk) [Net Exchange Loss](index=8&type=section&id=%E5%BD%99%E5%85%8C%E虧%E6%90%8D%E6%B7%A8%E9%A1%8D) - A net exchange loss of approximately **RMB2.2 million** was recorded for the six months ended June 30, 2025, compared to a net exchange loss of approximately RMB0.7 million in the same period of 2024, primarily due to fluctuations in the USD exchange rate[25](index=25&type=chunk) [Selling and Marketing Expenses](index=8&type=section&id=%E9%8A%B7%E5%94%AE%E5%8F%8A%E7%87%9F%E9%8A%B7%E9%96%8B%E6%94%AF) - Selling and marketing expenses decreased by **50.8%** from approximately RMB261.1 million in the same period of 2024 to approximately **RMB128.6 million** in the same period of 2025, primarily due to a sharp reduction in promotion and advertising expenses[26](index=26&type=chunk) [Administrative and Other Expenses](index=8&type=section&id=%E8%A1%8C%E6%94%BF%E5%8F%8A%E5%85%B6%E4%BB%96%E9%96%8B%E6%94%AF) - Administrative and other expenses decreased by **17.6%** from approximately RMB66.6 million in the same period of 2024 to approximately **RMB60.4 million** in the same period of 2025, primarily due to a decrease in professional service fees[27](index=27&type=chunk) [Research and Development Expenses](index=9&type=section&id=%E7%A0%94%E7%99%BC%E6%94%AF%E5%87%BA) - Research and development expenses decreased by **38.5%** from approximately RMB57.3 million in the same period of 2024 to approximately **RMB35.2 million** in the same period of 2025, primarily due to a decrease in R&D staff remuneration expenses[28](index=28&type=chunk) [Profit Before Income Tax](index=9&type=section&id=%E9%99%A4%E6%89%80%E5%BE%97%E7%A8%85%E5%89%8D%E6%BA%A2%E5%88%A9) - Profit before income tax increased by **55.6%** from approximately RMB40.3 million in the same period of 2024 to approximately **RMB62.8 million** in the same period of 2025[29](index=29&type=chunk) - The percentage of profit before income tax to total revenue increased from **4.8%** in the same period of 2024 to **8.6%** in the same period of 2025, primarily due to reduced selling and marketing expenses and R&D expenses[29](index=29&type=chunk) [Income Tax Expense](index=9&type=section&id=%E6%89%80%E5%BE%97%E7%A8%85%E9%96%8B%E6%94%AF) - Income tax expense increased by **39.7%** from RMB6.7 million in the same period of 2024 to **RMB9.3 million** in the same period of 2025[30](index=30&type=chunk) - The effective tax rate decreased from **16.5%** in the same period of 2024 to **14.8%** in the same period of 2025, with the increase in income tax expense attributed to higher profit before tax[30](index=30&type=chunk) [Profit Attributable to Owners of the Company](index=9&type=section&id=%E6%9C%AC%E5%85%AC%E5%8F%B8%E6%93%81%E6%9C%89%E4%BA%BA%E6%87%89%E4%BD%B5%E6%BA%A2%E5%88%A9) - Profit attributable to owners of the Company increased by **33.5%** from approximately RMB28.0 million in the same period of 2024 to approximately **RMB37.4 million** in the same period of 2025[31](index=31&type=chunk) [Non-IFRS Measures – Adjusted Net Profit](index=9&type=section&id=%E9%9D%9E%E5%9C%8B%E9%9A%9B%E8%B2%A1%E5%8B%99%E5%A0%B1%E5%91%8A%E6%BA%96%E5%89%87%E8%A8%88%E9%87%8F%E2%80%94%E7%B6%93%E8%AA%BF%E6%95%B4%E7%B4%94%E5%88%A9) - Adjusted net profit aims to assess financial performance by excluding the impact of non-recurring and non-cash items such as share-based payment expenses, share of losses of associates and joint ventures, and impairment losses on loan receivables[32](index=32&type=chunk)[33](index=33&type=chunk) Calculation of Adjusted Net Profit Attributable to Owners of the Company (For the Six Months Ended June 30) | Indicator | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Profit for the period attributable to owners of the Company | 37,395 | 28,009 | | Add: Share-based payment expenses | 3,646 | 13,993 | | Add: Share of losses of associates and joint ventures | 5,027 | — | | Add: Impairment losses recognized on loan receivables under expected credit loss model (net of income tax) | 28,834 | — | | **Adjusted Net Profit Attributable to Owners of the Company** | **74,902** | **42,002** | [Liquidity and Capital Resources](index=10&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E5%8F%8A%E8%B3%87%E6%9C%AC%E4%BE%86%E6%BA%90) [Cash and Cash Equivalents](index=10&type=section&id=%E7%8F%BE%E9%87%91%E5%8F%8A%E7%8F%BE%E9%87%91%E7%AD%89%E5%83%B9%E7%89%A9) - The Group primarily funds its operations with cash generated from operating activities[35](index=35&type=chunk) - As of June 30, 2025, cash and cash equivalents were approximately **RMB827.7 million**, an increase from approximately RMB755.0 million as of December 31, 2024[36](index=36&type=chunk) - The Company currently has no foreign currency hedging policy, but the Board will monitor risks and consider hedging[36](index=36&type=chunk) [Indebtedness and Gearing Ratio](index=11&type=section&id=%E5%82%B5%E5%8B%99%E5%8F%8A%E8%B3%87%E7%94%A2%E8%B2%A0%E5%82%B5%E6%AF%94%E7%8E%87) - As of the six months ended June 30, 2025, the Group had no short-term or long-term bank borrowings, except for lease liabilities of RMB15.8 million[37](index=37&type=chunk) - The gearing ratio was zero as of June 30, 2025, due to the absence of debt[38](index=38&type=chunk) [Pledge of Assets](index=11&type=section&id=%E8%B3%87%E7%94%A2%E6%8A%B5%E6%8A%BC) - As of June 30, 2025, the Group had not pledged any assets[39](index=39&type=chunk) [Capital Expenditure](index=11&type=section&id=%E8%B3%87%E6%9C%AC%E9%96%8B%E6%94%AF) - Capital expenditure for the six months ended June 30, 2025, was approximately **RMB58.3 million**, a significant decrease from approximately RMB216 million in the same period of 2024[40](index=40&type=chunk) - The decrease in capital expenditure was mainly due to the Group's reduced expenditure on acquiring investments in associates[40](index=40&type=chunk) [Contingent Liabilities and Guarantees](index=12&type=section&id=%E6%88%96%E7%84%B6%E8%B2%A0%E5%82%B5%E5%8F%8A%E6%93%94%E4%BF%9D) - As of June 30, 2025, the Group had no unrecorded material contingent liabilities, guarantees, or any litigation against the Group[41](index=41&type=chunk) [Material Acquisitions, Disposals and Future Plans for Major Investments](index=12&type=section&id=%E9%87%8D%E5%A4%A7%E6%94%B6%E8%B3%BC%E3%80%81%E5%87%BA%E5%94%AE%E5%8F%8A%E4%B8%BB%E8%A6%81%E6%8A%95%E8%B3%87%E7%9A%84%E6%9C%AA%E4%BE%86%E8%A8%88%E5%8A%83) - During the reporting period, the Group had no material acquisitions or disposals of subsidiaries, joint ventures, associates, or financial assets, nor any future plans for major investments or capital assets[42](index=42&type=chunk) [Employees and Staff Costs](index=12&type=section&id=%E5%83%B1%E5%93%A1%E5%8F%8A%E5%93%A1%E5%B7%A5%E6%88%90%E6%9C%AC) - As of June 30, 2025, the Group had a total of **612 full-time employees**, primarily located in mainland China[43](index=43&type=chunk) - Total staff costs for the six months ended June 30, 2025, were approximately **RMB67.3 million**, a decrease from approximately RMB99.8 million in the same period of 2024, mainly due to year-on-year reductions in salaries, other in-kind benefits, and share-based payment expenses[43](index=43&type=chunk) - The Board resolved to terminate the share option scheme on April 2, 2025, and adopted the 2025 share scheme on June 17, 2025[44](index=44&type=chunk) [Condensed Consolidated Financial Statements](index=13&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8) This section presents the company's unaudited condensed consolidated statement of profit or loss and other comprehensive income, statement of financial position, statement of changes in equity, and statement of cash flows for the six months ended June 30, 2025, providing financial data reflecting operating results, financial position, and cash flow changes during the reporting period [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=13&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (For the Six Months Ended June 30) | Indicator | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Revenue | 726,044 | 835,659 | | Cost of sales | (407,692) | (422,691) | | Gross profit | 318,352 | 412,968 | | Other income | 13,837 | 20,203 | | Other gains and losses | (3,263) | 15,667 | | Net exchange loss | (2,198) | (683) | | Selling and marketing expenses | (128,556) | (261,129) | | Administrative and other expenses | (60,424) | (66,637) | | Research and development expenses | (35,224) | (57,253) | | Impairment losses under expected credit loss model | (34,275) | (6,285) | | Share of results of associates | (310) | (14,928) | | Share of results of joint ventures | (4,717) | (960) | | Interest on lease liabilities | (444) | (629) | | Profit before income tax | 62,778 | 40,334 | | Income tax expense | (9,309) | (6,664) | | Profit and total comprehensive income for the period | 53,469 | 33,670 | | Profit for the period attributable to owners of the Company | 37,395 | 28,009 | | Profit for the period attributable to non-controlling interests | 16,074 | 5,661 | | Basic earnings per share (RMB cents) | 3.05 | 2.23 | | Diluted earnings per share (RMB cents) | 3.05 | 2.23 | [Condensed Consolidated Statement of Financial Position](index=14&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) Condensed Consolidated Statement of Financial Position (As of June 30) | Indicator | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | **Non-current Assets** | | | | Property, plant and equipment | 54,979 | 64,813 | | Right-of-use assets | 14,771 | 20,512 | | Intangible assets | 18,265 | 33,807 | | Investments in associates | 52,015 | 54,920 | | Investments in joint ventures | 39,858 | 39,575 | | Financial assets at fair value through profit or loss | 26,766 | 31,243 | | Equity instruments at fair value through other comprehensive income | 33,439 | 33,439 | | Non-current other receivables and deposits | 8,086 | 9,573 | | Deferred tax assets | 75,675 | 65,933 | | Receivables from disposal of subsidiaries | 5,500 | 5,500 | | Receivables from disposal of associates | 51,426 | — | | Loan receivables | 70,102 | 44,000 | | **Total Non-current Assets** | **450,882** | **403,315** | | **Current Assets** | | | | Trade receivables | 88,353 | 94,413 | | Financial assets at fair value through profit or loss | 446,057 | 393,726 | | Prepayments, other receivables and deposits | 86,790 | 182,882 | | Receivables from disposal of subsidiaries | 1,700 | 11,350 | | Receivables from disposal of associates | 54,709 | 106,989 | | Loan receivables | 107,532 | 104,403 | | Restricted bank deposits | — | 50,000 | | Short-term bank deposits | 162,000 | 65,000 | | Cash and cash equivalents | 827,676 | 755,032 | | **Total Current Assets** | **1,774,817** | **1,763,795** | | **Current Liabilities** | | | | Trade and other payables | 89,344 | 55,114 | | Deferred revenue | 111,809 | 147,105 | | Tax payable | 31,028 | 18,900 | | Lease liabilities | 6,255 | 8,365 | | Dividends payable | — | 4,800 | | **Total Current Liabilities** | **238,436** | **234,284** | | **Net Current Assets** | **1,536,381** | **1,529,511** | | **Total Assets Less Current Liabilities** | **1,987,263** | **1,932,826** | | **Non-current Liabilities** | | | | Lease liabilities | 9,519 | 12,888 | | Deferred tax liabilities | 1,721 | 3,786 | | **Total Non-current Liabilities** | **11,240** | **16,674** | | **Net Assets** | **1,976,023** | **1,916,152** | | **Capital and Reserves** | | | | Share capital | 42 | 42 | | Reserves | 1,921,015 | 1,882,018 | | Equity attributable to owners of the Company | 1,921,057 | 1,882,060 | | Non-controlling interests | 54,966 | 34,092 | | **Total Equity** | **1,976,023** | **1,916,152** | [Condensed Consolidated Statement of Changes in Equity](index=16&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%AC%8A%E7%9B%8A%E8%AE%8A%E5%8B%95%E8%A1%A8) Condensed Consolidated Statement of Changes in Equity (For the Six Months Ended June 30) | Indicator (RMB thousand) | Share Capital | Shares Held for Share Award Scheme | Share Premium | Statutory Reserve | Other Reserves | Share-based Payment Reserve | Fair Value Through Other Comprehensive Income Reserve | Retained Earnings | Subtotal Attributable to Owners of the Company | Non-controlling Interests | Total Equity | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | As at January 1, 2024 (Audited) | 42 | (9,551) | 40,163 | 15,027 | 19,199 | 13,878 | (13,593) | 2,018,138 | 2,083,303 | 847 | 2,084,150 | | Profit and total comprehensive income for the period | — | — | — | — | — | — | — | 28,009 | 28,009 | 5,661 | 33,670 | | Share-based payment expenses recognized under share option scheme and increase in fair value under compensation grants (as defined in Note 19) | — | — | — | — | — | 142 | — | — | 142 | — | 142 | | Share-based payment expenses recognized under 2021 Share Award Scheme | — | — | — | — | — | 43 | — | — | 43 | — | 43 | | Share-based payment expenses recognized under 2024 Share Award Scheme | — | — | — | — | — | 13,808 | — | — | 13,808 | — | 13,808 | | Awarded shares vested under compensation grants, 2021 Share Award Scheme and 2024 Share Award Scheme | — | 14,382 | 12,162 | — | — | (26,544) | — | — | — | — | — | | Share-based payment expenses related to forfeited share awards after vesting date | — | — | — | — | — | (1,327) | — | 1,327 | — | — | — | | Shareholder contribution | — | (64,790) | — | — | 64,790 | — | — | — | — | — | — | | Repurchase of shares | — | (10,894) | — | — | — | — | — | — | (10,894) | — | (10,894) | | Dividends recognized as distribution | — | — | — | — | — | — | — | (117,226) | (117,226) | — | (117,226) | | **As at June 30, 2024 (Unaudited)** | **42** | **(70,853)** | **52,325** | **15,027** | **83,989** | **—** | **(13,593)** | **1,930,248** | **1,997,185** | **6,508** | **2,003,693** | | As at January 1, 2025 (Audited) | 42 | (94,323) | 46,305 | 15,027 | 99,636 | — | (11,845) | 1,827,218 | 1,882,060 | 34,092 | 1,916,152 | | Profit and total comprehensive income for the period | — | — | — | — | — | — | — | 37,395 | 37,395 | 16,074 | 53,469 | | Share-based payment expenses recognized under 2025 Share Award Scheme | — | — | — | — | — | 3,646 | — | — | 3,646 | — | 3,646 | | Awarded shares vested under 2025 Share Award Scheme | — | 6,386 | (2,740) | — | — | (3,646) | — | — | — | — | — | | Repurchase of shares | — | (2,044) | — | — | — | — | — | — | (2,044) | — | (2,044) | | Cancellation of dividends paid to non-controlling interests | — | — | — | — | — | — | — | — | — | 4,800 | 4,800 | | **As at June 30, 2025 (Unaudited)** | **42** | **(89,981)** | **43,565** | **15,027** | **99,636** | **—** | **(11,845)** | **1,864,613** | **1,921,057** | **54,966** | **1,976,023** | Share Repurchase Details (For the Six Months Ended June 30) | Repurchase Month | Number of Ordinary Shares | Price Per Share (HKD) (Highest/Lowest) | Total Consideration Paid (HKD thousand) | | :--- | :--- | :--- | :--- | | **2025** | | | | | January | 580,000 | 1.494 / 1.363 | 836 | | May | 680,000 | 1.176 / 1.103 | 769 | | June | 526,000 | 1.288 / 1.122 | 624 | | **Total** | **1,786,000** | | **2,229** | | **2024** | | | | | January | 2,974,000 | 2.684 / 2.197 | 7,439 | | April | 1,352,000 | 2.248 / 1.966 | 2,962 | | June | 838,000 | 1.915 / 1.877 | 1,581 | | **Total** | **5,164,000** | | **11,982** | - For the six months ended June 30, 2025, the Company repurchased **1,786,000 shares** in the open market through Futu Securities International (Hong Kong) Limited, with a total consideration of approximately **RMB2,044,000**[51](index=51&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=18&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E7%8F%BE%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) Condensed Consolidated Statement of Cash Flows (For the Six Months Ended June 30) | Indicator | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | **Operating Activities** | | | | Profit for the period | 53,469 | 33,670 | | Operating cash flow before working capital changes | 137,859 | 51,018 | | Net cash generated from operating activities | 210,779 | 12,162 | | **Investing Activities** | | | | Net cash used in investing activities | (132,175) | (309,147) | | **Financing Activities** | | | | Net cash used in financing activities | (6,111) | (16,926) | | **Net increase (decrease) in cash and cash equivalents** | **72,493** | **(313,911)** | | Cash and cash equivalents at beginning of period | 755,032 | 1,340,918 | | Effect of exchange rate changes | 151 | 1,684 | | **Cash and cash equivalents at end of period** | **827,676** | **1,028,691** | [Notes to the Condensed Consolidated Financial Statements](index=20&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E5%A0%B1%E8%A1%A8%E9%99%84%E8%A8%BB) This section provides detailed notes to the condensed consolidated financial statements, covering the company's general information, accounting policies, revenue composition, dividend policy, income tax calculation, profit for the period breakdown, earnings per share calculation, changes in investments in associates, financial asset classification, aging analysis of receivables and payables, and share capital structure, offering deeper context and explanations for the financial data [General Information and Basis of Preparation](index=20&type=section&id=%E4%B8%80%E8%88%AC%E8%B3%87%E6%96%99%E5%8F%8A%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) - Home Interactive Entertainment Technology Co, Ltd was incorporated in the Cayman Islands, and its shares have been listed on the Main Board of the Stock Exchange of Hong Kong Limited since July 4, 2019[54](index=54&type=chunk) - The Group is principally engaged in the development, publishing, and operation of mobile games in China[54](index=54&type=chunk) - The condensed consolidated financial statements are presented in RMB, which is also the functional currency of the Group[55](index=55&type=chunk) [Accounting Policies](index=20&type=section&id=%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96) - The condensed consolidated financial statements are prepared on a historical cost basis, except for certain financial instruments measured at fair value[57](index=57&type=chunk) - The accounting policies and methods of calculation adopted for the condensed consolidated financial statements for the six months ended June 30, 2025, are consistent with those presented in the annual financial statements for the year ended December 31, 2024[57](index=57&type=chunk) - During this interim period, the Group has first adopted the revised IFRS accounting standards that are mandatorily effective for annual periods beginning on or after January 1, 2025, which had no significant impact on the financial position and performance[58](index=58&type=chunk) [Revenue and Segment Information](index=21&type=section&id=%E6%94%B6%E7%9B%8A%E5%8F%8A%E5%88%86%E9%83%A8%E8%B3%87%E6%96%99) - Revenue refers to income from the sale of virtual tokens for self-developed mobile games, third-party mobile games, and advertising income[59](index=59&type=chunk) - The Group's operating activities are conducted by a single operating segment focused on mobile game development and operation[59](index=59&type=chunk) - Revenue from self-developed and third-party mobile games is recognized at the point in time when the customer obtains control of the service; advertising revenue is recognized when advertisements placed on third-party platforms are displayed in the game interface[59](index=59&type=chunk)[60](index=60&type=chunk) - The Group has a large number of customers, and no single customer accounted for 10% or more of the Group's revenue in either period[61](index=61&type=chunk) [Dividends](index=22&type=section&id=%E8%82%A1%E6%81%AF) - No dividends were declared and paid during this interim period[62](index=62&type=chunk) - In the previous interim period, a final dividend of HKD0.10 per share (equivalent to RMB0.09) for the year ended December 31, 2023, was declared and paid on July 11, 2024, totaling approximately RMB117,226,000[62](index=62&type=chunk) [Income Tax Expense](index=23&type=section&id=%E6%89%80%E5%BE%97%E7%A8%85%E9%96%8B%E6%94%AF) Income Tax Expense Analysis (For the Six Months Ended June 30) | Tax Category | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Current tax—PRC corporate income tax | 19,542 | 21,835 | | Under-provision (over-provision) in prior years | 1,574 | (3,580) | | Deferred tax | (11,807) | (11,591) | | **Total** | **9,309** | **6,664** | - Yaotang (Xiamen) Network Technology Co, Ltd and Jilin Haiqi Network Technology Co, Ltd are recognized as "Double Software Enterprises," enjoying a two-year corporate income tax exemption followed by a three-year 50% tax rate reduction[64](index=64&type=chunk) - Yaotang (Shenzhen) Network Technology Co, Ltd obtained High-tech Enterprise certification, enjoying a preferential income tax rate of 15%[65](index=65&type=chunk) - Enterprises engaged in R&D activities are entitled to deduct 200% of R&D expenses incurred in the current year as deductible expenses (super deduction)[65](index=65&type=chunk) [Profit for the Period](index=24&type=section&id=%E6%9C%9F%E5%85%A7%E6%BA%A2%E5%88%A9) Profit for the Period Deductions (For the Six Months Ended June 30) | Item | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Commissions and fees charged by distribution channels and payment providers | 203,693 | 288,031 | | Depreciation of property, plant and equipment | 12,611 | 8,007 | | Depreciation of right-of-use assets | 3,603 | 5,530 | | Amortization of intangible assets | 16,133 | 470 | | Impairment losses under expected credit loss model | 34,275 | 6,285 | | Directors' remuneration | 5,092 | 8,108 | | Total other staff costs | 67,310 | 99,847 | [Earnings Per Share](index=25&type=section&id=%E6%AF%8F%E8%82%A1%E7%87%9F%E5%88%A9) Calculation of Basic and Diluted Earnings Per Share (For the Six Months Ended June 30) | Indicator | 2025 (RMB thousand) | 2024 (RMB thousand) | | :--- | :--- | :--- | | Profit for the purpose of calculating basic and diluted earnings per share: Profit for the period attributable to owners of the Company | 37,395 | 28,009 | | | | | | Number of Shares | 2025 (Unaudited) | 2024 (Unaudited) | | Weighted average number of ordinary shares for the purpose of calculating basic and diluted earnings per share | 1,226,335,488 | 1,254,914,473 | - Share awards had no impact on diluted earnings per share for the current and previous interim periods[70](index=70&type=chunk) [Investments in Associates](index=26&type=section&id=%E6%96%BC%E8%81%AF%E7%87%9F%E5%85%AC%E5%8F%B8%E7%9A%84%E6%8A%95%E8%B3%87) Investments in Associates (As of June 30) | Item | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Cost of investments in associates | 58,538 | 61,100 | | Share of post-acquisition results (net of dividends received) | (6,523) | (6,180) | | **Total** | **52,015** | **54,920** | - During this interim period, investments were made in two new associates primarily engaged in game development, with a total consideration of **RMB850,000**[71](index=71&type=chunk) - During this interim period, interests in Chongqing Huangjiu Technology Co, Ltd and Guangzhou Yaoyang Technology Co, Ltd were disposed of for a total consideration of **RMB6,212,000**[71](index=71&type=chunk) - On June 1, 2025, a supplemental agreement was signed with an entity controlled by Mr Luo Wei, revising the repayment date for the outstanding consideration of RMB99,900,000 and recognizing a loss of **RMB10,351,000** due to the derecognition of receivables from the disposal of an associate[73](index=73&type=chunk) [Financial Assets at Fair Value Through Profit or Loss](index=27&type=section&id=%E6%8C%89%E5%85%AC%E5%B9%B3%E5%80%BC%E8%A8%88%E9%87%8F%E4%B8%94%E5%85%B6%E8%AE%8A%E5%8B%95%E8%A8%88%E5%85%A5%E6%90%8D%E7%9B%8A%E4%B9%8B%E9%87%91%E8%9E%8D%E8%B3%87%E7%94%A2) Financial Assets at Fair Value Through Profit or Loss (As of June 30) | Category | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | **Non-current Unlisted Securities** | | | | —Investments in partnership enterprises | 26,766 | 31,243 | | **Current Listed Securities Held for Trading** | | | | —Equity securities on SSE | — | 25,696 | | **Current Unlisted Securities Held for Trading** | | | | —Private equity funds | 276,879 | 129,269 | | —Money market funds | 148,752 | 106,461 | | —Structured deposits | 20,426 | 132,300 | | **Total** | **446,057** | **393,726** | [Trade Receivables](index=28&type=section&id=%E8%B2%BF%E6%98%93%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85) Aging Analysis of Trade Receivables (As of June 30) | Aging | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | 0 to 30 days | 71,402 | 77,594 | | 31 to 60 days | 9,594 | 11,494 | | 61 to 90 days | 1,573 | 2,469 | | 91 to 180 days | 1,876 | 284 | | Over 180 days | 3,911 | 2,572 | | **Total** | **88,356** | **94,413** | - The credit period for trade receivables is generally **0 to 90 days**[77](index=77&type=chunk) - As of June 30, 2025, overdue balances of **RMB3,911,000** were overdue for 90 days or more but were not considered in default due to the debtors' cooperative history and good collection history[77](index=77&type=chunk) [Prepayments, Other Receivables and Deposits](index=29&type=section&id=%E9%A0%90%E4%BB%98%E6%AC%BE%E9%A0%85%E3%80%81%E5%85%B6%E4%BB%96%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85%E5%8F%8A%E6%8C%89%E9%87%91) Prepayments, Other Receivables and Deposits (As of June 30) | Item | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Prepayments for co-operation commissions | 12,349 | 71,356 | | Prepayments for R&D expenses | 14,365 | 15,040 | | Prepayments for advertising and promotion expenses | 11,886 | 43,793 | | Prepayments to game developers | 11,630 | 5,863 | | Prepayments for game and server related expenses | 1,874 | 2,637 | | Loans to employees | 14,270 | 21,139 | | Lease and other deposits | 7,836 | 8,413 | | VAT and other recoverable taxes | 8,063 | 11,522 | | Loans to employees | 4,580 | 279 | | Other receivables | 12,972 | — | | Others | 8,049 | 12,439 | | **Total** | **107,874** | **192,481** | | Less: Provision for credit losses | (12,998) | (26) | | **Adjusted Total** | **94,876** | **192,455** | - The provision for credit losses is mainly for other receivables from co-operation commissions paid due to Chengdu Weiying facing significant financial difficulties[78](index=78&type=chunk) [Trade and Other Payables](index=30&type=section&id=%E8%B2%BF%E6%98%93%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85) Trade and Other Payables (As of June 30) | Item | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | Trade payables | 36,986 | — | | Other payables | 52,358 | 55,114 | | **Total** | **89,344** | **55,114** | Aging Analysis of Trade Payables (As of June 30) | Aging | June 30, 2025 (RMB thousand) | December 31, 2024 (RMB thousand) | | :--- | :--- | :--- | | 0 to 60 days | 6,778 | — | | 61 to 90 days | 8,409 | — | | Over 90 days | 21,799 | — | | **Total** | **36,986** | **—** | [Share Capital](index=30&type=section&id=%E8%82%A1%E6%9C%AC) - As of June 30, 2025, the authorized share capital was **10,000,000,000 ordinary shares** of USD0.000005 each, with a par value of USD50,000[79](index=79&type=chunk) - The issued and fully paid share capital was **1,283,403,500 ordinary shares** of USD0.000005 each, with a par value of USD6,417, equivalent to RMB42 thousand[79](index=79&type=chunk) [Other Information](index=31&type=section&id=%E5%85%B6%E4%BB%96%E8%B3%87%E6%96%99) This section discloses the company's share repurchase activities during the reporting period, confirms no significant events after the reporting period, highlights continuous compliance with corporate governance codes and directors' securities transaction standards, notes the audit committee's review of interim results, and states the decision not to declare an interim dividend to conserve capital for business development [Purchase, Sale and Redemption of the Company’s Listed Securities](index=31&type=section&id=%E8%B3%BC%E8%B2%B7%E3%80%81%E5%87%BA%E5%94%AE%E5%8F%8A%E8%B4%96%E5%9B%9E%E6%9C%AC%E5%85%AC%E5%8F%B8%E4%B8%8A%E5%B8%82%E8%AD%89%E5%88%B8) - For the six months ended June 30, 2025, Futu Securities International (Hong Kong) Limited, as an independent trustee of the share award scheme, purchased **1,786,000 shares** in the open market for a total consideration of **RMB2,044,000**, for future grants under the share award scheme[80](index=80&type=chunk) - As of June 30, 2025, the Company and its subsidiaries did not hold any treasury shares[81](index=81&type=chunk) [Events After the Reporting Period](index=31&type=section&id=%E5%A0%B1%E5%91%8A%E6%9C%9F%E5%BE%8C%E4%BA%8B%E9%A0%85) - No significant events affecting the Group have occurred from the end of the reporting period up to the date of this announcement[82](index=82&type=chunk) [Corporate Governance](index=31&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB) - The Company has complied with the applicable code provisions of the Corporate Governance Code set out in Appendix C1 to the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited for the six months ended June 30, 2025[83](index=83&type=chunk) [Compliance with the Model Code for Securities Transactions by Directors](index=31&type=section&id=%E9%81%B5%E5%AE%88%E8%91%A3%E4%BA%8B%E9%80%B2%E8%A1%8C%E8%AD%89%E5%88%B8%E4%BA%A4%E6%98%93%E7%9A%84%E6%A8%99%E6%BA%96%E5%AE%88%E5%89%87) - Following specific enquiries by the Company, all Directors confirmed their compliance with the "Model Code for Securities Transactions by Directors of Listed Issuers" set out in Appendix C3 to the Listing Rules throughout the reporting period[84](index=84&type=chunk) [Audit Committee](index=32&type=section&id=%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%93%A1%E6%9C%83) - The Audit Committee comprises three independent non-executive Directors: Mr Hu Yangyang (Chairman), Mr Zhang Yuguo, and Ms Guo Ying[85](index=85&type=chunk) - The Audit Committee has reviewed the Company's unaudited condensed interim results for the reporting period and confirmed compliance with applicable accounting principles, standards, and requirements, with adequate disclosures made[85](index=85&type=chunk) [Changes in Directors’ Biographical Details under Rule 13.51B(1) of the Listing Rules](index=32&type=section&id=%E4%B8%8A%E5%B8%82%E8%A6%8F%E5%89%87%E7%AC%AC13.51B%20(1)%E6%A2%9D%E9%A0%85%E4%B8%8B%E8%91%A3%E4%BA%8B%E5%B1%A5%E6%AD%B7%E8%A9%B3%E6%83%85%E8%AE%8A%E5%8B%95) - There were no changes in Directors' biographical details requiring disclosure under Rule 13.51B(1) of the Listing Rules[86](index=86&type=chunk) [Interim Dividend](index=32&type=section&id=%E4%B8%AD%E6%9C%9F%E8%82%A1%E6%81%AF) - The Board resolved not to declare an interim dividend for the six months ended June 30, 2025 (2024: nil), to retain capital for strategic business development[87](index=87&type=chunk) [Publication of Interim Results and Interim Report](index=32&type=section&id=%E5%88%8A%E8%BC%89%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E5%8F%8A%E4%B8%AD%E6%9C%9F%E5%A0%B1%E5%91%8A) - This announcement is published on the HKEX website and the Company's website, with the interim report to be published on both websites in due course[88](index=88&type=chunk)