香港交易及結算所有限公司及 聯交所 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 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。 Telecom Digital Holdings Limited 電 訊 數 碼 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：6033） 有關截至2024年3月31日及2025年3月31日止 年度報告的補充公告 茲 提 述電 訊 數 碼 控 股 有 限 公司 （ 「 本公司 」 ） 分 別 於 2024年 7月 11日 刊發截至 2024年3月 31日 止 之 年度 報 告（「2024年 報 」）及 於 2025年 7月 11日 刊發 截至 2025 年 3月 31日 止 之 年度報 告 （統 稱 「 該 等 年 報 」 ）。 除 非 另 有 界 定 者 外， 本 公 告 所用 詞彙 與 該 等年 報 所用 者具 有相 同涵 義 。 而 就2014購股 權計 劃 而言，購 股權 可授 予 由一 名或 多名 合資 格 參與 ...

Telecom Digital Holdings Limited 電 訊 數 碼 控 股 有 限 公 司 (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: 6033) • 2024/25 Annual Report You may at any time send your request in writing to the Company (c/o its Hong Kong Branch Share Registrar, Union Registrars Limited ("Hong Kong Branch Share Registrar") at Suites 3301-04, 33/F., Two Chinachem Exchange Square, 338 King's Road, North Point, Hong Kong or by email to 6033-corpcomm@unionregistrars.com.hk) to request for ...

Telecom Digital Holdings Limited 電 訊 數 碼 控 股 有 限 公 司 (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: 6033) NOTIFICATION LETTER 通知信函 Dear Registered Shareholder(s), 11 July 2025 Note: Corporate Communications include, but not limited to (a) directors' report, annual accounts together with auditors' report and, where applicable, its summary financial report; (b) interim report and, where applicable, its summary interim report; (c) notice of meeting; (d) a listing ...

[Chairman's Statement](index=4&type=section&id=Chairman%27s%20Statement) [Performance and Business Review](index=4&type=section&id=Performance%20and%20Business%20Review) The Group's FY2025 performance faced challenges with declines in both revenue and net profit amidst macroeconomic volatility and a cautious Hong Kong retail environment, while product business remained the primary revenue source and property investment provided stable rental returns Key FY2025 Performance Indicators | Metric | FY2025 (Million HKD) | FY2024 (Million HKD) | | :--- | :--- | :--- | | Revenue | 1,331.60 | 1,372.77 | | Net Profit | 22.62 | 56.38 | - The Group primarily operates in four business segments: (i) sales of electronic devices and consumer goods, (ii) provision of operating services to associate New Mobile Communications, (iii) property investment in Hong Kong, and (iv) paging and other telecommunication services[11](index=11&type=chunk) - The product business segment is the main revenue source, with annual revenue of approximately **1,040.60 million HKD**, accounting for **78.1% of total revenue**, and the Group operates **69 retail stores** in Hong Kong[11](index=11&type=chunk) - Operating services segment revenue decreased by approximately **17.9%** to **251.35 million HKD** year-on-year, primarily due to intense competition in the telecommunications industry[11](index=11&type=chunk) - The property investment segment continued to provide stable rental returns, with the revitalized industrial building in Kwun Tong contributing consistent rental income[12](index=12&type=chunk) [Outlook](index=5&type=section&id=Outlook) Looking ahead, despite a moderate economic recovery in Hong Kong, the retail sector faces uncertainties, and the Group plans to consolidate its market position by streamlining operations, seeking growth opportunities, expanding its retail footprint and product offerings, and actively exploring new business ventures for sustainable growth - The Group will closely monitor market trends, respond swiftly to challenges, and expand its retail footprint and product offerings to meet customer demands[13](index=13&type=chunk) - Future efforts will focus on optimizing operating models, enhancing operational efficiency, and actively exploring new business opportunities and diversification initiatives aligned with the Group's strategic objectives[13](index=13&type=chunk) [CEO's Review](index=6&type=section&id=CEO%27s%20Review) [Operational Review and Future Outlook](index=6&type=section&id=Operational%20Review%20and%20Future%20Outlook) During the reporting period, despite a stable economic recovery in Hong Kong, consumer sentiment remained subdued due to a weak property market, yet the Group demonstrated resilience through its network of 69 retail stores, and moving forward, it will focus on strengthening core competitive advantages, vigorously developing the "Mango Mall" e-commerce platform, investing in talent development to enhance service quality, and exploring new business opportunities for long-term success - Despite macroeconomic uncertainties, the integration of artificial intelligence and 5G technologies is expected to drive growth in the telecommunications and smart electronics industries[16](index=16&type=chunk) - Future plans include further developing the "Mango Mall" e-commerce platform by enhancing brand awareness, expanding product categories, and upgrading platform functionalities to cater to local consumer needs[19](index=19&type=chunk) - The Group recognizes the importance of talent and will continue to invest resources in employee development and retention to improve service quality and operational performance[19](index=19&type=chunk) [Management Discussion and Analysis](index=7&type=section&id=Management%20Discussion%20and%20Analysis) [Industry Overview and Business Review](index=7&type=section&id=Industry%20Overview%20and%20Business%20Review) The Hong Kong telecommunications industry experienced stable growth driven by 5G, with significant increases in mobile communication service subscriptions and data usage, indicating market potential; however, the Group's business still faced challenges, with total revenue decreasing by 3.0% to 1,332 million HKD and net profit declining by 59.9% to 22.62 million HKD, while operating four main businesses and completing the renovation of its Kwun Tong revitalized industrial building, with approximately 70% of its area leased - The Hong Kong telecommunications market continues to grow, with mobile communication service subscriptions reaching **27.23 million** and a penetration rate of **351.3%** as of February 2025, and mobile data usage increasing by **19.1%** year-on-year[21](index=21&type=chunk) FY2025 Performance Overview | Metric | FY2025 (Million HKD) | FY2024 (Million HKD) | | :--- | :--- | :--- | | Revenue | 1,331.60 | 1,372.77 | | Net Profit | 22.62 | 56.38 | [Financial Review](index=8&type=section&id=Financial%20Review) This fiscal year's financial performance was influenced by multiple factors, including a slight 3.0% decrease in total revenue, where product business growth of 1.7% was offset by a 17.9% decline in operating services, and a significant 59.9% drop in net profit primarily due to the absence of property disposal gains (38.10 million HKD last year) and reduced gross profit, partially mitigated by positive fair value changes in financial assets and a substantial 123.9% increase in share of results of associates [Segment Analysis](index=8&type=section&id=Segment%20Analysis) Total revenue slightly decreased by **3.0%** year-on-year to **1,332 million HKD**, with product business revenue growing by **1.7%** to **1,041 million HKD** remaining the primary revenue source, while operating services revenue declined by **17.9%** to **251 million HKD** due to intense market competition, and property investment and other segments maintained relatively stable or slightly decreased revenue Revenue by Business Segment (Year Ended March 31) | Business Segment | 2025 (Thousand HKD) | % of Total | 2024 (Thousand HKD) | % of Total | | :--- | :--- | :--- | :--- | :--- | | Product Business | 1,040,602 | 78.1 | 1,023,360 | 74.6 | | Operating Services | 251,353 | 18.9 | 306,297 | 22.3 | | Property Investment | 21,339 | 1.6 | 21,981 | 1.6 | | Other Segments | 18,302 | 1.4 | 21,129 | 1.5 | | **Total Revenue** | **1,331,596** | **100.0** | **1,372,767** | **100.0** | - Operating services segment revenue decreased by **17.9%**, primarily due to intense competition in the mobile communication services market[24](index=24&type=chunk) [Profit Variation Analysis](index=9&type=section&id=Profit%20Variation%20Analysis) Profit attributable to owners of the Company for the year was **22.62 million HKD**, a significant decrease of **59.9%** year-on-year, primarily due to the absence of property disposal gains (38.10 million HKD in the prior year) and reduced gross profit, partially offset by fair value gains on financial assets, increased share of results of associates, and reduced operating expenses and finance costs - Other income and gains significantly decreased by **82.2%**, mainly because approximately **38.10 million HKD** in property disposal gains were recorded in the prior year, with no such gains in the current year[25](index=25&type=chunk) - Share of results of associates (primarily New Mobile Communications) increased by **123.9%** year-on-year to **20.62 million HKD**, mainly due to reduced cost of sales at New Mobile Communications[27](index=27&type=chunk) - Other operating expenses decreased by **12.3%** year-on-year, primarily due to lower information fees and reduced rental expenses resulting from a decrease in the number of retail stores (from 73 to 69)[26](index=26&type=chunk) - The decline in profit was influenced by multiple factors, including: (i) no property disposal gains; (ii) a shift from loss to gain in fair value of financial assets; (iii) reduced gross profit; (iv) increased share of results of associates; (v) reduced operating expenses and finance costs; and (vi) reduced income tax expense[31](index=31&type=chunk) [Financial Asset Investment and Liquidity](index=10&type=section&id=Financial%20Asset%20Investment%20and%20Liquidity) The Group held financial assets at fair value through profit or loss of approximately **34.76 million HKD**, primarily listed equities in Hong Kong Exchanges and Clearing and China Merchants Bank; regarding liquidity, the Group had a net current liability position of **493 million HKD** at the end of the reporting period but possessed **243 million HKD** in unutilized banking facilities, providing sufficient liquidity for ongoing operations, and the gearing ratio slightly decreased from **121.0%** to **120.1%** Major Listed Equity Securities Investments (As of March 31, 2025) | Stock Name | Hong Kong Exchanges and Clearing | China Merchants Bank | | :--- | :--- | :--- | | Fair Value (Thousand HKD) | 21,281 | 13,480 | | % of Group's Total Assets | 1.8% | 1.1% | | Annual Dividend Income (Thousand HKD) | 658 | 794 | Liquidity and Financial Position (As of March 31, 2025) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Net Current Liabilities (Million HKD) | 492.73 | 503.39 | | Cash and Cash Equivalents (Million HKD) | 22.69 | 27.33 | | Current Ratio | 0.30 | 0.29 | | Gearing Ratio (%) | 120.1 | 121.0 | | Unutilized Banking Facilities (Million HKD) | 242.85 | - | [Dividends and Outlook](index=12&type=section&id=Dividends%20and%20Outlook) The Board declared a fourth-quarter interim dividend of **0.02 HKD** per share for the year ended March 31, 2025, and looking ahead, the Group maintains a cautiously optimistic outlook on the economic prospects, focusing on cost control and operational efficiency while pursuing business expansion, and actively exploring new business opportunities for sustainable development - The Board declared a fourth-quarter interim dividend of **0.02 HKD** per share, compared to **0.04 HKD** per share in the prior year[41](index=41&type=chunk) - Outlook: The Group will remain cautiously optimistic, focusing on cost control and operational efficiency, enhancing customer experience, and actively exploring new business opportunities and diversification initiatives[46](index=46&type=chunk) [Directors and Senior Management](index=14&type=section&id=Directors%20and%20Senior%20Management) [Board and Executive Members](index=14&type=section&id=Board%20and%20Executive%20Members) This section details the backgrounds and responsibilities of the company's Board of Directors and senior management members, where the executive director team primarily consists of members of the Cheung family with decades of extensive experience in the telecommunications industry, responsible for the Group's strategic planning, financial management, and operations, while independent non-executive directors provide independent opinions on corporate governance with expertise in accounting, engineering, and real estate - The Executive Board comprises Mr. Cheung King Shing (Chairman), Mr. Cheung King Shan, Mr. Cheung King Chuen, Mr. Cheung King Fung (CEO), Mr. Wong Wai Man, and Ms. Mok Ngan Chu, with the core members being the four Cheung brothers[47](index=47&type=chunk)[48](index=48&type=chunk)[49](index=49&type=chunk)[50](index=50&type=chunk) - The Independent Non-Executive Directors are Mr. Lam Yu Lung, Mr. Lau Hing Wah, and Mr. Lo Kam Wing, who possess extensive experience in accounting, engineering, and property investment, respectively[52](index=52&type=chunk)[53](index=53&type=chunk)[54](index=54&type=chunk) - Senior management includes Ms. Li Wing Chee, Chief Financial Officer, who has extensive experience in financial management and taxation[55](index=55&type=chunk) [Corporate Governance Report](index=17&type=section&id=Corporate%20Governance%20Report) [Board and Committees](index=17&type=section&id=Board%20and%20Committees) The company is committed to high standards of corporate governance, with a Board of Directors comprising six executive directors and three independent non-executive directors, ensuring at least one-third independence, and the roles of Chairman and Chief Executive Officer are held by different individuals; the company has established Audit, Remuneration, and Nomination Committees, primarily composed of independent non-executive directors, to oversee key areas such as financial reporting, remuneration policies, and director nominations, and during the reporting period, all committees held meetings to fulfill their duties, and all directors actively participated in continuous professional development - The Board of Directors consists of **9 directors**, including **6 executive directors** and **3 independent non-executive directors**, complying with Listing Rules requirements[59](index=59&type=chunk)[60](index=60&type=chunk) - The roles of Chairman (Mr. Cheung King Shing) and Chief Executive Officer (Mr. Cheung King Fung) are clearly separated and held by different individuals[66](index=66&type=chunk) - Three committees are established: Audit, Remuneration, and Nomination Committees; the Audit Committee and Remuneration Committee are composed entirely of independent non-executive directors, while the Nomination Committee recently added an executive director, Ms. Mok Ngan Chu, to enhance diversity[76](index=76&type=chunk)[80](index=80&type=chunk)[84](index=84&type=chunk)[85](index=85&type=chunk) Board and Committee Meeting Attendance Record During the Reporting Period | Committee | Number of Meetings | Independent Non-Executive Director Attendance Rate | | :--- | :--- | :--- | | Board | 4 | 100% | | Audit Committee | 2 | 100% | | Remuneration Committee | 2 | 100% | | Nomination Committee | 1 | 100% | [Accountability, Audit and Internal Control](index=27&type=section&id=Accountability%2C%20Audit%20and%20Internal%20Control) The Board confirms its responsibility for preparing true and fair financial statements, with Shinewing (HK) CPA Limited serving as the external auditor, whose audit service fees were approximately **1 million HKD** during the reporting period; the Group has established an effective internal control system and formulated anti-corruption and whistleblowing policies to ensure compliant operations and timely disclosure of inside information Auditor's Remuneration (During Reporting Period) | Service Type | Fee (HKD) | | :--- | :--- | | Audit Services | Approximately 1,000,000 | | Non-Audit Services | Approximately 200,800 | - The Board is responsible for fulfilling corporate governance functions, including formulating and reviewing corporate governance policies, and monitoring director training and compliance[103](index=103&type=chunk)[105](index=105&type=chunk) - The Group has established an internal control system and formulated anti-corruption, anti-bribery, and whistleblowing policies, allowing employees to raise concerns confidentially regarding irregularities[107](index=107&type=chunk) [Shareholder Rights and Communication](index=29&type=section&id=Shareholder%20Rights%20and%20Communication) The company values communication with shareholders and has established a shareholder communication policy, ensuring timely access to information through various channels such as interim/annual reports, general meetings, and the company website, and the report clearly outlines shareholders' rights and procedures for convening general meetings, nominating director candidates, and submitting inquiries - Shareholders holding not less than **one-tenth** of the company's paid-up capital have the right to request the Board to convene an extraordinary general meeting[112](index=112&type=chunk) - Shareholders have the right to nominate individuals for election as directors at general meetings, subject to submitting written notice according to prescribed procedures[113](index=113&type=chunk) [Environmental, Social and Governance Report](index=31&type=section&id=Environmental%2C%20Social%20and%20Governance%20Report) [ESG Governance and Strategy](index=32&type=section&id=ESG%20Governance%20and%20Strategy) The Board bears ultimate responsibility for the Group's ESG matters, overseeing strategy, risk management, and report review; this year, the Group engaged an independent consultant for stakeholder engagement and materiality assessment, identifying key ESG issues such as energy management, waste management, employment compliance, customer privacy protection, and anti-corruption - The Board is responsible for overseeing the Group's ESG management, formulating strategies, and reviewing annual reports, while management is responsible for implementing relevant policies[121](index=121&type=chunk) - Key ESG issues identified through materiality assessment include: energy management, waste management, employment compliance, remuneration and benefits, customer privacy protection, information security, and anti-corruption[126](index=126&type=chunk) [Environmental Protection](index=34&type=section&id=Environmental%20Protection) The Group is committed to environmental protection, complying with relevant regulations, and setting specific targets for emissions, waste, energy, and water resources; key measures include managing vehicle exhaust emissions, promoting low-carbon commuting, setting up recycling bins, adopting energy-efficient equipment (such as LED lights), implementing paperless office practices, and addressing climate change risks; total greenhouse gas emissions for the year were **1,237 tonnes CO2e**, an increase year-on-year - The Group has set environmental targets covering four areas: emissions, waste, energy, and water resources, aiming to reduce greenhouse gas emission intensity and optimize resource efficiency[131](index=131&type=chunk) Environmental Performance Indicators (2024/25 vs 2023/24) | Metric | 2024/25 | 2023/24 | | :--- | :--- | :--- | | Total GHG Emissions (Tonnes CO2e) | 1,237 | 1,112 | | Total Non-Hazardous Waste Generated (Tonnes) | 57 | 44 | | Total Energy Consumption (MWh) | 3,100 | 2,694 | | Total Water Consumption (Cubic Meters) | 1,760 | 1,255 | - To address climate change, the Group has developed response procedures and strategies for physical risks such as typhoons and transitional risks like policy changes[145](index=145&type=chunk) [Employment and Labor Practices](index=39&type=section&id=Employment%20and%20Labor%20Practices) The Group regards employees as valuable assets, strictly adheres to labor laws, prohibits all forms of discrimination, and eliminates child and forced labor; it provides competitive remuneration and benefits, a safe working environment, and comprehensive development and training opportunities for employees; this year, the employee turnover rate was **19%**, a significant improvement from **32%** last year - During the reporting period, the Group found no violations of employment and labor standards-related laws and regulations, including those concerning child labor and forced labor[150](index=150&type=chunk) - No lost workdays due to work-related injuries were recorded during the reporting period, and there have been no work-related fatalities in the past three years[154](index=154&type=chunk) Employee Turnover Rate (By Year) | Metric | 2024/25 | 2023/24 | | :--- | :--- | :--- | | Total Turnover Rate | 19% | 32% | Employee Training Statistics (2024/25) | Metric | Data | | :--- | :--- | | Percentage of Employees Trained | 82% | | Average Training Hours Per Employee | 11 Hours | [Operating Practices](index=41&type=section&id=Operating%20Practices) The Group upholds high standards of business ethics in its operations; in supply chain management, it has established a supplier evaluation mechanism and prioritizes environmentally friendly suppliers; regarding business conduct, the Group strictly protects customer personal data and intellectual property rights, ensures the truthfulness of advertising content, and firmly opposes any form of corruption, with a whistleblowing policy in place - The Group has established an approved supplier list and prioritizes purchasing products with environmental labels and selecting geographically closer suppliers to reduce its carbon footprint[158](index=158&type=chunk) - Strict compliance with personal data protection and intellectual property-related regulations, with no relevant violations during the reporting period[160](index=160&type=chunk)[161](index=161&type=chunk) - During the reporting period, no products were recalled due to safety and health reasons, nor were any significant customer complaints received[163](index=163&type=chunk) - The Group has formulated anti-corruption and whistleblowing policies, and no concluded corruption litigation cases were reported during the period[164](index=164&type=chunk)[165](index=165&type=chunk) [Directors' Report](index=53&type=section&id=Directors%20Report) [Business and Risks](index=53&type=section&id=Business%20and%20Risks) This report outlines the Group's principal businesses, risks, and compliance status; its main business is investment holding, with subsidiaries engaged in product sales, operating services, property investment, and communication services; the Group faces key risks including operational risks, technology risks (such as information security), regulatory risks, human resources risks, and financial risks, and during the reporting period, the Group complied with all material laws and regulations - The Group's principal businesses include: product business, operating services, property investment, and paging and other communication services[179](index=179&type=chunk) - Key identified risk factors include: operational risks, information security and cybersecurity threats, regulatory and legal risks, human resources risks, and financial risks[183](index=183&type=chunk)[184](index=184&type=chunk) [Shareholders' Equity and Connected Transactions](index=55&type=section&id=Shareholders%20Equity%20and%20Connected%20Transactions) The report details the shareholdings of directors, senior management, and major shareholders, with the controlling shareholders, the Cheung brothers, indirectly holding approximately **54.49%** of the company's shares through trusts; additionally, the report lists ongoing connected transactions with East-Asia Group, Sun Asia Group, and Telecom Digital Holdings, all of which have complied with the reporting and review requirements of the Listing Rules, and independent non-executive directors have confirmed that the transaction terms are fair and reasonable - The controlling shareholders, the Cheung brothers, indirectly hold **220,000,000 shares** of the company through KW Cheung Family Trust and CKK Investment, representing **54.49%** of the issued share capital[210](index=210&type=chunk)[213](index=213&type=chunk)[214](index=214&type=chunk) - The controlling shareholders have confirmed compliance with the non-competition undertaking[205](index=205&type=chunk) Major Continuing Connected Transaction Amounts for FY2025 | Counterparty | Transaction Amount (Million HKD) | | :--- | :--- | | East-Asia Group | 12.88 | | Sun Asia Group | 8.78 | | Telecom Digital Holdings | 3.45 | - The independent auditor has reviewed the continuing connected transactions and issued an unqualified opinion letter, and the independent non-executive directors have also confirmed that the transaction terms are fair and reasonable[229](index=229&type=chunk)[232](index=232&type=chunk) [Independent Auditor's Report](index=67&type=section&id=Independent%20Auditors%20Report) [Audit Opinion and Key Matters](index=67&type=section&id=Audit%20Opinion%20and%20Key%20Matters) Shinewing (HK) CPA Limited, the independent auditor, issued an unqualified opinion on the Group's consolidated financial statements for the year ended March 31, 2025, deeming them to present a true and fair view of the Group's financial position and performance; during the audit, "Valuation of Inventories" was identified as a key audit matter due to the significant management judgment and estimation involved - The auditor's opinion is unqualified, stating that the consolidated financial statements present a true and fair view of the Group's financial position and performance[240](index=240&type=chunk) - The key audit matter is "Valuation of Inventories," as identifying the net realizable value and obsolete items of inventories involves significant judgment and estimation; as of March 31, 2025, the carrying amount of inventories was approximately **86.31 million HKD**[242](index=242&type=chunk)[243](index=243&type=chunk)[244](index=244&type=chunk) [Consolidated Financial Statements](index=71&type=section&id=Consolidated%20Financial%20Statements) [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=71&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the year ended March 31, 2025, the Group's revenue was **1,332 million HKD**, a slight decrease of **3.0%** from **1,373 million HKD** last year; due to the absence of property disposal gains from the prior year and a decrease in gross profit, profit for the year attributable to owners of the Company significantly declined by **59.9%**, from **56.38 million HKD** to **22.62 million HKD**, with basic earnings per share at **0.06 HKD** Consolidated Income Statement Summary (Year Ended March 31) | Metric (Thousand HKD) | 2025 | 2024 | | :--- | :--- | :--- | | Revenue | 1,331,596 | 1,372,767 | | Profit Before Tax | 26,870 | 71,368 | | Profit for the Year Attributable to Owners of the Company | 22,617 | 56,379 | | Basic Earnings Per Share (HKD) | 0.06 | 0.14 | [Consolidated Statement of Financial Position](index=72&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, the Group's total assets were **1,208 million HKD**, total liabilities were **721 million HKD**, and total equity was **486 million HKD**, with all indicators remaining relatively stable compared to the previous year; non-current assets constituted the major portion of total assets, approximately **998 million HKD**, and notably, the Group remained in a net current liability position of **493 million HKD** Consolidated Statement of Financial Position Summary (As of March 31) | Metric (Thousand HKD) | 2025 | 2024 | | :--- | :--- | :--- | | **Assets** | | | | Non-Current Assets | 997,793 | 1,019,140 | | Current Assets | 209,836 | 206,249 | | **Total Assets** | **1,207,629** | **1,225,389** | | **Liabilities and Equity** | | | | Current Liabilities | 702,563 | 709,636 | | Non-Current Liabilities | 18,581 | 22,081 | | **Total Liabilities** | **721,144** | **731,717** | | **Total Equity** | **486,485** | **493,672** | | Net Current Liabilities | (492,727) | (503,387) | [Consolidated Statement of Cash Flows](index=76&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) This fiscal year, the Group generated **124 million HKD** in net cash from operating activities, a decrease from **189 million HKD** last year; net cash outflow from investing activities was **4.84 million HKD**; net cash outflow from financing activities was **123 million HKD**, primarily used for loan repayments and dividend payments; cumulatively, cash and cash equivalents at year-end decreased by **4.59 million HKD** to **22.69 million HKD** Consolidated Cash Flow Statement Summary (Year Ended March 31) | Metric (Thousand HKD) | 2025 | 2024 | | :--- | :--- | :--- | | Net Cash From Operating Activities | 123,643 | 188,886 | | Net Cash (Used in) From Investing Activities | (4,842) | 86,039 | | Net Cash Used in Financing Activities | (123,395) | (277,437) | | Net Decrease in Cash and Cash Equivalents | (4,594) | (2,512) | | Cash and Cash Equivalents at Year-End | 22,691 | 27,331 | [Financial Summary](index=157&type=section&id=Financial%20Summary) [Five-Year Financial Summary](index=157&type=section&id=Five-Year%20Financial%20Summary) This summary presents the Group's key financial data over the past five years, showing that revenue has declined for two consecutive years after peaking in 2023, annual profit has shown a fluctuating downward trend after reaching a high in 2021, total assets have slightly decreased this year after significant growth in recent years, while total equity has maintained steady growth Five-Year Financial Performance Summary (Year Ended March 31) | Metric (Thousand HKD) | 2025 | 2024 | 2023 | 2022 | 2021 | | :--- | :--- | :--- | :--- | :--- | :--- | | Revenue | 1,331,596 | 1,372,767 | 1,535,452 | 1,505,079 | 1,038,946 | | Annual Profit | 22,617 | 56,379 | 75,580 | 113,059 | 135,218 | | Total Assets | 1,207,629 | 1,225,389 | 1,372,235 | 851,011 | 645,276 | | Total Equity | 486,485 | 493,672 | 448,293 | 410,303 | 382,121 |

Group 1 - The core viewpoint of the news highlights the recent performance of Telecom Digital Holdings, which saw a stock price increase of 12.5% to HKD 0.72, despite a year-to-date decline of 14.67% [1] - As of March 31, 2025, Telecom Digital Holdings reported total revenue of HKD 1.229 billion, a year-on-year decrease of 3%, and a net profit attributable to shareholders of HKD 20.8716 million, down 59.88% [1] - The company's gross profit margin stands at 29.98%, with a debt-to-asset ratio of 59.72% [1] Group 2 - Telecom Digital Holdings operates primarily in mobile phone distribution and related services, having been established in 1974 as one of Hong Kong's first paging service providers [2] - The company's main business activities include retail sales of multiple mobile phone brands and prepaid SIM cards, mobile phone distribution, paging and other telecommunications services, and operational services to New World Telecommunications [2] - The average price-to-earnings (P/E) ratio for the information technology equipment industry is 52.16 times, with Telecom Digital Holdings' P/E ratio at 11.43 times, ranking 14th in the industry [1]

EF001 免責聲明 | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | 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 | | --- | --- | | | 股票發行人現金股息公告 | | 發行人名稱 | 電訊數碼控股有限公司 | | 股份代號 | 06033 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年3月31日止年度第四季度中期股息 | | 公告日期 | 2025年6月27日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 第四季度 | | 股息性質 | 普通股息 | | 財政年末 | 2025年3月31日 | | 宣派股息的報告期末 | 2025年3月31日 | | 宣派股息 | 每 股 0.02 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.02 HKD | | 匯率 | 1 HKD : 1 HKD | ...

[Financial Performance](index=1&type=section&id=Financial%20Performance) [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=1&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the year ended March 31, 2025, Group revenue decreased by 3.0% to **HKD 1.332 billion**, while profit attributable to owners significantly declined by 59.9% to **HKD 22.62 million** Key Consolidated Statement of Profit or Loss Data | Metric | 2025 (Thousand HKD) | 2024 (Thousand HKD) | YoY Change | | :--- | :--- | :--- | :--- | | Revenue | 1,331,596 | 1,372,767 | -3.0% | | Profit Before Tax | 26,870 | 71,368 | -62.3% | | Profit Attributable to Owners of the Company for the Year | 22,617 | 56,379 | -59.9% | | Basic Earnings Per Share (HKD) | 0.06 | 0.14 | -57.1% | - Other income and gains significantly decreased from **HKD 43.39 million** to **HKD 7.74 million**, primarily due to **HKD 38.11 million** gain on disposal of property, plant, and equipment in the prior year, which was absent this year[3](index=3&type=chunk)[30](index=30&type=chunk)[51](index=51&type=chunk) - Finance costs decreased from **HKD 43.74 million** to **HKD 36.87 million**, mainly due to reduced interest on bank and other borrowings[3](index=3&type=chunk)[31](index=31&type=chunk) [Consolidated Statement of Financial Position](index=3&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, the Group's total assets were **HKD 1.208 billion** and net assets were **HKD 486 million**, both slightly down, with a net current liability of **HKD 493 million**, though management expects continued operation Key Consolidated Statement of Financial Position Data | Metric | 2025 (Thousand HKD) | 2024 (Thousand HKD) | | :--- | :--- | :--- | | Non-current Assets | 997,793 | 1,019,140 | | Current Assets | 209,836 | 206,249 | | **Total Assets** | **1,207,629** | **1,225,389** | | Current Liabilities | 702,563 | 709,636 | | Non-current Liabilities | 18,581 | 22,081 | | **Total Liabilities** | **721,144** | **731,717** | | **Net Assets** | **486,485** | **493,672** | | Net Current Liabilities | (492,727) | (503,387) | - As of March 31, 2025, the Group had net current liabilities of **HKD 493 million**; however, directors consider the financial statements appropriate on a going concern basis given **HKD 243 million** in unutilized bank facilities and expected sufficient operating cash flow[9](index=9&type=chunk)[10](index=10&type=chunk) [Notes to the Consolidated Financial Statements](index=5&type=section&id=Notes%20to%20the%20Consolidated%20Financial%20Statements) This section details financial statements, highlighting that **78%** of revenue comes from product sales, Hong Kong is the sole operating location, top two customers contribute **50.7%** of total revenue, and a **HKD 0.02** per share Q4 interim dividend is proposed [Revenue Analysis](index=9&type=section&id=3.%20Revenue) Total Group revenue was **HKD 1.332 billion**, with **HKD 1.310 billion** from customer contracts; goods sales in product business contributed **HKD 1.037 billion** (+2.1%), while operating services revenue decreased by **17.9%** to **HKD 251 million** Revenue by Business Segment | Business Segment | 2025 (Thousand HKD) | 2024 (Thousand HKD) | YoY Change | | :--- | :--- | :--- | :--- | | **Product Business** | | | | | - Goods Sales | 1,037,494 | 1,016,464 | +2.1% | | - Services Provided | 3,108 | 6,896 | -55.0% | | **Operating Services** | 251,353 | 306,297 | -17.9% | | **Other Segments** | 18,302 | 21,129 | -13.4% | | **Property Investment Rental Income** | 21,339 | 21,981 | -2.9% | | **Total** | **1,331,596** | **1,372,767** | **-3.0%** | [Segment Information](index=10&type=section&id=4.%20Segment%20Information) Product business segment profit decreased by **43.9%** to **HKD 35.18 million**, operating services by **61.2%** to **HKD 16.94 million**, and property investment recorded a **HKD 1.37 million** loss, with top two customers contributing over **50%** of revenue Segment Results | Segment | 2025 Segment Results (Thousand HKD) | 2024 Segment Results (Thousand HKD) | YoY Change | | :--- | :--- | :--- | :--- | | Product Business | 35,179 | 62,670 | -43.9% | | Operating Services | 16,941 | 43,613 | -61.2% | | Property Investment | (1,374) | (2,758) | -50.2% | | Other Segments | 3,711 | 5,288 | -29.8% | - The Group has high reliance on key customers, with Customer A contributing **HKD 424 million** and Customer B contributing **HKD 252 million**, together accounting for **50.7%** of total revenue[29](index=29&type=chunk) - All of the Group's non-current assets are located in Hong Kong, thus no geographical information is presented[28](index=28&type=chunk) [Dividends](index=17&type=section&id=9.%20Dividends) During the reporting period, total dividends confirmed for distribution amounted to **HKD 28.26 million**, and the Board resolved to declare a fourth-quarter interim dividend of **HKD 0.02** per share for the year ended March 31, 2025 Dividend Distribution | Dividend Item | 2025 (Thousand HKD) | 2024 (Thousand HKD) | | :--- | :--- | :--- | | 2023/24 First Quarter Interim Dividend | – | 12,113 | | 2023/24 Fourth Quarter Interim Dividend | 16,150 | – | | 2024/25 Second Quarter Interim Dividend | 12,113 | – | | **Total Recognized During the Year** | **28,263** | **12,113** | - Subsequent to the reporting period, directors resolved to declare a fourth-quarter interim dividend of **HKD 0.02** per share (2024: **HKD 0.04** per share)[36](index=36&type=chunk) [Earnings Per Share](index=17&type=section&id=10.%20Earnings%20Per%20Share) For the year ended March 31, 2025, basic and diluted earnings per share significantly decreased to **HKD 0.06** from **HKD 0.14**, primarily due to profit attributable to owners falling from **HKD 56.38 million** to **HKD 22.62 million**, with no potentially dilutive ordinary shares outstanding Earnings Per Share Calculation | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Profit Attributable to Owners of the Company for the Year (Thousand HKD) | 22,617 | 56,379 | | Weighted Average Number of Ordinary Shares (Thousand Shares) | 403,753 | 403,753 | | **Basic and Diluted Earnings Per Share (HKD)** | **0.06** | **0.14** | [Management Discussion and Analysis](index=22&type=section&id=Management%20Discussion%20and%20Analysis) [Industry Overview and Business Review](index=22&type=section&id=Industry%20Overview%20and%20Business%20Review) Despite stable growth in Hong Kong's telecom sector driven by 5G, the Group faces macroeconomic volatility, geopolitical instability, and inflation, leading to a challenging retail environment and declines in revenue to **HKD 1.332 billion** and net profit to **HKD 22.62 million** - Hong Kong's telecom industry continues to grow, with mobile communication service subscriber penetration reaching **351.3%** by February 2025, and mobile data usage significantly increasing year-on-year[45](index=45&type=chunk) - Customer spending behavior has become cautious due to macroeconomic uncertainties, a sluggish property market, and stock market volatility, posing challenges to the Group's retail environment[46](index=46&type=chunk) - The Group's revitalized industrial building in Kwun Tong, with a total floor area of approximately **97,314 sq ft**, has completed renovation, with **70%** leased and **23%** self-occupied as of the announcement date[47](index=47&type=chunk) [Financial Review](index=23&type=section&id=Financial%20Review) This year's financial performance declined, with total revenue slightly down **3.0%** to **HKD 1.332 billion** and net profit sharply down **59.9%** to **HKD 22.62 million**, primarily due to the absence of prior year's **HKD 38.10 million** property disposal gain and reduced gross profit, partially offset by fair value gains on financial assets, increased share of associate's results, and lower operating and finance costs [Revenue and Segment Performance](index=23&type=section&id=Revenue%20and%20Segment%20Performance) Product business revenue grew **1.7%** to **HKD 1.041 billion** as the main source, while operating services revenue significantly declined **17.9%** to **HKD 251 million** due to intense competition, other segments decreased **13.4%**, and property investment revenue remained stable Revenue Performance by Segment | Segment | 2025 Revenue (Million HKD) | 2024 Revenue (Million HKD) | YoY Change | | :--- | :--- | :--- | :--- | | Product Business | 1,040.60 | 1,023.36 | +1.7% | | Operating Services | 251.35 | 306.30 | -17.9% | | Property Investment | 21.34 | 21.98 | -2.9% | | Other Segments | 18.30 | 21.13 | -13.4% | - As of the announcement date, the Group operates **69** retail stores, a decrease from **73** in the prior year[49](index=49&type=chunk)[52](index=52&type=chunk) [Profitability Analysis](index=24&type=section&id=Profitability%20Analysis) Net profit sharply declined by **59.9%**, primarily due to the absence of a **HKD 38.10 million** property disposal gain from the prior year, partially offset by a **123.9%** increase in share of associate's results to **HKD 20.62 million**, a **HKD 19.94 million** reduction in operating and finance costs, and a **HKD 14.46 million** net fair value gain on financial assets - Key contributing factors to the profit decline include: - Absence of gain on disposal of property (prior year: **HKD 38.10 million**) - Recognition of net fair value gain on financial assets and derivative instruments of approximately **HKD 14.46 million** (prior year: loss of **HKD 12.06 million**) - Decrease in gross profit of approximately **HKD 67.02 million** - Increase in share of results of an associate (New Mobile Communications) by **HKD 11.41 million** - Decrease in operating expenses and finance costs by **HKD 19.94 million** - Decrease in income tax expense by **HKD 10.74 million**[57](index=57&type=chunk) - Share of results of an associate (New Mobile Communications) increased by **123.9%** to **HKD 20.62 million**, primarily due to a reduction in its cost of sales[53](index=53&type=chunk) - Other operating expenses decreased by **12.3%** year-on-year, mainly due to lower information fees and rental expenses[52](index=52&type=chunk) [Investments and Financial Instruments](index=26&type=section&id=Investments%20and%20Financial%20Instruments) As of March 31, 2025, the Group held financial assets at fair value through profit or loss of approximately **HKD 34.76 million**, mainly listed equities of HKEX and China Merchants Bank, recording fair value gains and **HKD 1.45 million** in dividend income, alongside accumulator put option contracts with a net fair value loss of **HKD 0.642 million** Major Listed Equity Securities Investments | Stock Name | Fair Value as of 2025/3/31 (Thousand HKD) | Percentage of Total Assets | | :--- | :--- | :--- | | Hong Kong Exchanges and Clearing Limited (00388.HK) | 21,281 | 1.8% | | China Merchants Bank (03968.HK) | 13,480 | 1.1% | - The Group's investment objective is to generate stable additional interest or dividend income, with a strategy to invest in reputable and sizable issuers[62](index=62&type=chunk) - As of March 31, 2025, the Group held accumulator put option contracts linked to securities listed on the Stock Exchange, with a net fair value loss of approximately **HKD 0.642 million**[61](index=61&type=chunk) [Liquidity and Financial Resources](index=28&type=section&id=Liquidity%20and%20Financial%20Resources) As of March 31, 2025, the Group had cash and cash equivalents of **HKD 22.69 million** but net current liabilities of **HKD 493 million**, with a gearing ratio of approximately **120.1%**, consistent with last year, and **HKD 243 million** in unutilized bank facilities deemed sufficient for going concern Liquidity and Capital Structure Metrics | Metric | March 31, 2025 | March 31, 2024 | | :--- | :--- | :--- | | Cash and Cash Equivalents (Million HKD) | 22.69 | 27.33 | | Net Current Liabilities (Million HKD) | 492.73 | 503.39 | | Current Ratio | 0.30 | 0.29 | | Gearing Ratio | 120.1% | 121.0% | | Unutilized Bank Facilities (Million HKD) | 242.85 | N/A | [Outlook](index=31&type=section&id=Outlook) Management maintains cautious optimism, expecting continued pressure on Hong Kong and global economic growth and a subdued retail sector short-term due to geopolitical tensions, inflation, and US-China relations, focusing on cost control, operational efficiency, and exploring new business opportunities for sustainable development - Management anticipates Hong Kong's retail sector will remain subdued in the short term due to negative macroeconomic factors[73](index=73&type=chunk) - Future strategic priorities include: - Maintaining cautious optimism and pursuing steady business expansion - Focusing on cost control and optimizing operational efficiency - Actively researching and exploring new business opportunities and diversification initiatives[73](index=73&type=chunk) [Corporate Governance and Other Information](index=32&type=section&id=Corporate%20Governance%20and%20Other%20Information) [Corporate Governance](index=32&type=section&id=Corporate%20Governance) The company has adopted and complied with the Listing Rules' Corporate Governance Code, with a minor deviation in the frequency of providing monthly updates to the Board, and all directors have confirmed compliance with the adopted standard code for securities transactions - The company has adopted and complied with the Corporate Governance Code, with a deviation from the requirement for management to provide monthly updates to all Board members, as the company deems updates as needed sufficient[74](index=74&type=chunk) - During the reporting year, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities[76](index=76&type=chunk) [Dividend Policy](index=29&type=section&id=Dividend%20Policy) The Board resolved to declare a fourth-quarter interim dividend of **HKD 0.02** per share for the year ended March 31, 2025, totaling approximately **HKD 8.08 million**, lower than the prior year's **HKD 0.04** per share, payable on October 17, 2025 - The Board declared a fourth-quarter interim dividend of **HKD 0.02** per share for the year ended March 31, 2025[68](index=68&type=chunk)[78](index=78&type=chunk) - To determine dividend eligibility, the company will suspend share transfer registration from October 6 to October 8, 2025[78](index=78&type=chunk) [Review and Reports](index=34&type=section&id=Review%20and%20Reports) This year's audited consolidated annual results have been reviewed by the Company's Audit Committee, and independent auditor Shinewing (Hong Kong) CPA Limited has reconciled the figures in the announcement with the audited consolidated financial statements without expressing an assurance opinion on the announcement - The Company's Audit Committee has reviewed the Group's audited consolidated annual results, internal controls, and risk management[81](index=81&type=chunk) - Independent auditor Shinewing has confirmed that the financial figures in this announcement align with the annual audited consolidated financial statements[82](index=82&type=chunk) - The 2024/2025 annual report, containing all required information, will be dispatched to shareholders and published on the company's and Stock Exchange's websites in due course[83](index=83&type=chunk)

Telecom Digital Holdings Limited 電訊數碼控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6033） 董事名單與其角色和職能 獨立非執行董事 電訊數碼控股有限公司董事會（「董事會」）成員載列如下:- 林羽龍先生 劉興華先生 盧錦榮先生 執行董事 張敬石先生 （主席） 張敬峯先生 （行政總裁） 張敬山先生 張敬川先生 莫銀珠女士 黃偉民先生 本董事名單與其角色和職能之中英文本如有歧義，概以英文為準。 董事會共設有三個董事委員會，各委員會的成員資料如下: | | 董事委員會 | | | | --- | --- | --- | --- | | | 審核委員會 | 薪酬委員會 | 提名委員會 | | 董事 | | | | | 林羽龍先生 | C | M | M | | 劉興華先生 | M | C | M | | 盧錦榮先生 | M | M | C | | 莫銀珠女士 | - | - | M | 註： C - 相關董事委員會的主席 M - 相關董事委員會的成員 香港，2025年6月18日 ...

電 訊 數 碼 控 股 有 限 公 司 （ 「 本公司 」） 提名委員會 的職 權範 圍 電 訊 數 碼 控 股 有 限 公 司 （ 「 本公司 」） 提名委員會 的職 權範 圍 4. 工 作 範 圍 （ 經 本 公 司 董 事 會 於 2017年 5月 9日 採 納 及 於 2025年 6月 18日 修 訂 ） （ 此 乃 中 文 譯 本 僅 供 參 考 ， 如 有 差 異 ， 應 以 英 文 版 本 為 準 ） 1. 成 員 與 秘 書 2. 會 議 程 序 3. 權 力 - 1 - 1.1 本公司 提 名 委員會 （ 「 委員會 」 ） 成員由 本公司 董事會 （ 「 董事會 」 ） 委任的 四 名 董 事 組 成 ， 成 員 須 以 獨 立 非 執 行 董 事 佔 大 多 數 。 委 員 會 至 少 委任一名不同性別的董事。委員會成員在任期間如不再擔任董事職務， 將 自 動 失 去 本 委 員 資 格 ， 並 由 董 事 會 委 任 空 缺 成 員 。 1.2 董事會須指定委員會 四 名成員中的其中一人為委員會主席。委員會任期 與 董 事 會 任 期 一 致 ， 委 員 任 期 屆 滿 ， 重 選 可 ...

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 就 因 本公告全部或任何部分內容而 產生或因 倚 賴該等內容而引致的任何損失承擔任何責任。 Telecom Digital Holdings Limited 電 訊 數 碼 控 股 有 限 公 司 董事 會 指定 獨 立非 執行 董 事 林 羽 龍先 生擔 任 首席 獨 立非 執行 董 事一 職 (「首 席 獨 立 非 執 行董 事 」)，自 2025 年 6 月 18 日 起 生效。獨 立非 執 行董 事 並非 本公 司 的行 政 職務 ，且 不 擔任 本 集團 的任 何 管理 角 色。 （於 開 曼群 島 註冊 成立 的 有限 公 司） （股份代號： 6033） 提名委員會組成變動 及 指定首席獨立非執行董事 本 公 告 乃 由 電 訊 數 碼 控 股 有 限 公 司 （「 本公司 」 ， 連 同 其 附 屬 公 司 統 稱 為 「 本集團 」） 董 事 (「 董 事 」 )會 (「 董 事 會 」 )根 據 香 港 ...