董事會設立三個董事委員會。下表提供各董事會成員在該等委員會中所擔任 的職位資料。 | 董事 | | 董事委員會 | 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | --- | --- | | 陳文鋒博士 | （主席） | | | M | | | 李妮妮女士 | （首席執行官） | | | | M | | 葉創河先生 | | | C | | C | | 江輝輝先生 | | | M | C | M | | 單浩銓先生 | | | M | M | M | 附註： 董事名單及其角色及職能 下文載列指尖悅動控股有限公司董事會（「董事會」）成員。 執行董事 獨立非執行董事 陳文鋒博士 （主席） 李妮妮女士 （首席執行官） 葉創河先生 江輝輝先生 單浩銓先生 C 有關董事委員會主席 M 有關董事委員會成員 香港，二零二五年八月二十五日 ...

指尖悅動控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事（「董 事」）會（「董事會」）宣佈，周永堯先生（「周先生」）因其他業務承擔而辭任獨立 非 執 行 董 事 及 本 公 司 審 核 委 員 會（「審核委員會」）主 席，自 二 零 二 五 年 八 月 二十五日起生效。 周先生已確認，彼與董事會並無意見分歧，亦無有關其辭任的事宜須敦請本公 司股東及香港聯合交易所有限公司（「聯交所」）垂注。 董事會謹此衷心感謝周先生於任期內對本公司作出的寶貴努力及貢獻。 委任獨立非執行董事 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 獨立非執行董事變動 及 董事委員會組成變動 獨立非執行董事變動 獨立非執行董事辭任 董事會亦欣然宣佈葉創河先生（「葉先生」）已獲委任為獨立非執行董事以及審 核委員會及本公司提名委員會（「提名委員會」）主席，自二零二五年八月二十五 日起生效。 – 1 – 葉先生的履歷詳情載列如下： 葉先生，35歲，持有香港都會大學（前稱香 ...

Core Viewpoint - The company, 指尖悦动 (06860.HK), announced that it will hold a board meeting on August 28, 2025, to review and approve its interim results for the six months ending June 30, 2025, and to consider the proposal for an interim dividend distribution, if any [1]. Group 1 - The board meeting is scheduled for August 28, 2025 [1]. - The meeting will focus on the interim results for the six months ending June 30, 2025 [1]. - The company will also consider the proposal for an interim dividend distribution during the meeting [1].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或 因依賴該等內容而引致的任何損失承擔任何責任。 指尖悅動控股有限公司 公司秘書 戚偉珍 香港，二零二五年八月十三日 於本公告日期，董事會包括執行董事陳文鋒博士及李妮妮女士；以及獨立非執行董事周永堯 先生、單浩銓先生及江輝輝先生。 董事會會議通知 指尖悅動控股有限公司（「本公司」及其附屬公司，統稱「本集團」）董事（「董事」） 會（「董事會」）謹此宣佈，董事會會議將於二零二五年八月二十八日（星期四） 舉行，藉以（其中包括）考慮及批准本集團截至二零二五年六月三十日止六個 月之未經審核中期業績及其發佈，並考慮建議派發中期股息（如有）。 承董事會命 ...

呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06860 | 說明 | | | | | | | | | | 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 | 本月底法定/註冊股本總額： USD 50,000 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 指尖悅動控股 ...

Financial Performance - In 2024, FingerTango Inc. reported total revenue of RMB 609.2 million, a decrease of 5.7% compared to RMB 646.1 million in 2023[11] - The company's gross profit for 2024 was RMB 345.9 million, down 6.9% from RMB 371.9 million in the previous year[11] - Annual profit for 2024 was RMB 32.8 million, a significant recovery from a loss of RMB 139.4 million in 2022[11] - The profit attributable to shareholders surged to approximately RMB 32.8 million, compared to RMB 6.8 million in the same period last year, primarily due to reduced sales and marketing expenses[17] - The cost of revenue was approximately RMB 263.3 million, a decrease of about 4.0% from RMB 274.2 million in the previous year[26] - Gross profit was approximately RMB 345.9 million, with a gross margin of about 56.8%, down from 57.6% in the previous year[27] - Revenue from self-publishing decreased slightly by 1.2% to RMB 324.1 million, while revenue from co-publishing fell by 10.4% to RMB 285.0 million[24] - Other income, gains, and losses decreased by 52.5% from RMB 72.4 million in the previous year to RMB 34.4 million in the reporting period, primarily due to a decrease in fair value gains on investments[34] User Metrics - The number of registered users for the company's games continued to expand, contributing to a positive operational outcome despite market challenges[12] - Average Monthly Active Users (MAUs) increased by 0.4% to 3,394,677, while Average Monthly Paying Users (MPUs) decreased by 22.5% to 105,604[19] - Cumulative registered users reached approximately 261 million, reflecting a growth of about 12.5% compared to 232 million in the previous year[21] Market Overview - The Chinese gaming market's actual sales revenue reached RMB 325.78 billion in 2024, reflecting a year-on-year growth of 7.5%[15] - The mobile gaming segment accounted for RMB 238.22 billion of the total market revenue, marking a 5.0% increase year-on-year[15] - The number of gaming users in China reached 674 million in 2024, an increase of 0.94% compared to the previous year[15] - Domestic sales revenue for independently developed games was RMB 260.736 billion, with a growth rate of 1.70%[16] - Overseas sales revenue for independently developed games reached USD 18.557 billion, a year-on-year increase of 13.39%[16] Strategic Initiatives - The company aims to maintain sustainable development and prepare for future growth amidst a challenging market environment[12] - The company plans to launch new games in 2025, focusing on optimizing product strategies based on extensive user data analysis[23] - The company aims to enhance its game offerings while adhering to the principle of "game quality" amidst a competitive market environment[22] - The company continues to seek promising game projects to enhance its portfolio and expects upgraded games to provide additional revenue opportunities[38] Cost Management - Sales and marketing expenses decreased by approximately 27.0% from RMB 305.7 million in 2023 to RMB 223.0 million in 2024, primarily due to the maturity of existing game titles and delays in launching new games[30] - Research and development expenses decreased by approximately 8.8% from RMB 70.9 million in 2023 to RMB 64.7 million in 2024, mainly due to a reduction in employee benefits[33] Corporate Governance - The board does not recommend the payment of a final dividend for the year ending December 31, 2024, consistent with the previous year[67] - The company has not made any loans or provided guarantees to its directors, senior management, or controlling shareholders as of December 31, 2024[113] - The company has adopted a dividend policy that allows for the declaration and distribution of dividends, subject to post-tax profits and board discretion[132] - The company has complied with all applicable corporate governance code provisions during the reporting period, except for the separation of the roles of chairman and CEO[162] Legal and Compliance - The company has received a request from the Securities and Futures Commission to appoint an external auditor to review its internal control procedures[108] - The independent investigation and review of internal control procedures are currently in the finalization process, with a report expected to be completed by mid-2025[108] - The company has confirmed that the controlling shareholders have complied with the non-competition commitments as of December 31, 2024[98] Human Resources - As of December 31, 2024, the group had a total of 245 employees, down from 301 employees as of December 31, 2023, with total employee costs amounting to RMB 96.9 million, compared to RMB 103.0 million in 2023[57] - The company has maintained good working relationships with employees, customers, suppliers, and other stakeholders, with no significant disputes reported during the year[65] Financial Position - The group's current assets as of December 31, 2024, are approximately RMB 761.0 million, with cash and cash equivalents decreasing by about 34.1% to RMB 352.1 million compared to RMB 534.5 million as of December 31, 2023[44] - The expected credit loss provision is projected to increase from approximately RMB 381.2 million in 2023 to about RMB 387.1 million in 2024, influenced by exchange rate effects and additional provisions[43] - The group has no bank borrowings or other debt financing obligations as of December 31, 2024, resulting in a debt-to-equity ratio of zero[46] Shareholder Information - The company has a stock option plan that allows for the issuance of up to 200,000,000 new shares, representing approximately 10.43% of the total shares issued as of the report date[117] - The company has adopted a Restricted Share Unit (RSU) plan with a maximum of 75,000,000 shares available for issuance, with 18,132,134 shares remaining as of the report date[114] Risk Management - The company continues to monitor foreign exchange risks, with most revenues denominated in RMB, and has not entered into any hedging transactions as of December 31, 2024[49] - The company has established measures to mitigate risks associated with potential changes in Chinese laws and regulations[149] Leadership Changes - The company has appointed Dr. Chen Wenfeng as Chairman effective January 10, 2025, following the resignation of Mr. Liu Jie[182] - The company has appointed Ms. Li Nini as CEO effective January 10, 2025, and she has over 10 years of experience in online gaming operations and management[175]

Financial Performance - Total revenue for the year ended December 31, 2024, was approximately RMB 609.2 million, a decrease of 5.7% compared to RMB 646.1 million in the previous year[4]. - Net profit attributable to the company's owners surged to approximately RMB 32.8 million, a significant increase of 384.8% from RMB 6.8 million in the prior year[4]. - Total revenue for the reporting period was approximately RMB 609.2 million, a decrease of about RMB 37.0 million or 5.7% compared to RMB 646.1 million in 2023[14]. - Gross profit was approximately RMB 345.9 million, with a gross margin of about 56.8%, down from 57.6% in the previous year[17]. - Operating profit increased significantly to RMB 39,384,000 in 2024, compared to RMB 16,102,000 in 2023, indicating a strong operational improvement[36]. - The company reported a net profit of RMB 32,843,000 for 2024, significantly up from RMB 6,774,000 in 2023, marking an increase of 384.5%[55]. User Metrics - The average monthly active users (MAUs) increased by 0.4% to 3,394,677, while the average monthly paying users (MPUs) decreased by 22.5% to 105,604[9]. - The cumulative registered user base reached approximately 261 million, reflecting a growth of 12.5% compared to 232 million in the previous year[11]. Revenue Breakdown - Self-published revenue was RMB 324.1 million, accounting for approximately 53.2% of total revenue, while co-published revenue was RMB 285.0 million, accounting for approximately 46.8%[15]. - Revenue from self-issued games is RMB 324,148,000, while revenue from co-issued games is RMB 285,002,000 for 2024[47]. Cost and Expenses - Cost of revenue for the reporting period was approximately RMB 263.3 million, a decrease of about 4.0% or RMB 10.9 million compared to RMB 274.2 million in the previous year[16]. - Sales and marketing expenses decreased by approximately 27.0% to about RMB 223.0 million from approximately RMB 305.7 million in 2023[19]. - Research and development expenses were approximately RMB 64.7 million, a decrease of about 8.8% compared to RMB 70.9 million in the previous year[22]. - Employee costs totaled approximately RMB 96.9 million in 2024, down from RMB 103.0 million in 2023, representing a decrease of about 6.1%[67]. Assets and Liabilities - Total assets as of December 31, 2024, were RMB 1,002,260,000, slightly down from RMB 1,011,901,000 in 2023[37]. - Current assets decreased to RMB 761,006,000 in 2024 from RMB 825,080,000 in 2023, with a notable decline in cash and cash equivalents[37]. - Current liabilities decreased to RMB 173,497,000 in 2024 from RMB 212,385,000 in 2023, indicating improved liquidity management[38]. - The group had no bank borrowings or other debt financing obligations as of December 31, 2024, resulting in a debt-to-equity ratio of zero[33]. Strategic Initiatives - The company plans to launch new games in 2025, focusing on optimizing product strategies based on extensive user data analysis[13]. - The company aims to enhance game longevity and player experience through continuous product optimization and innovative marketing strategies[12]. - The gaming industry in China is becoming increasingly regulated, necessitating greater innovation and the release of high-quality games[12]. Compliance and Governance - The company confirmed compliance with the corporate governance code, except for the separation of the roles of Chairman and CEO, which was addressed with new appointments on January 10, 2025[74]. - The audit committee, consisting of three independent non-executive directors, reviewed the annual performance and confirmed adherence to applicable accounting principles and sufficient disclosures[76][77]. - The financial statements for the year ending December 31, 2024, were verified by the auditor, confirming consistency with the audited financial reports[75]. Other Financial Metrics - Interest income increased to RMB 19,146,000 in 2024 from RMB 9,256,000 in 2023, representing a growth of 106.4%[49]. - The effective tax rate for the company's subsidiaries in China remains at 25% for 2024, unchanged from 2023[51]. - The company has not declared or proposed any dividends for the year ending December 31, 2024, consistent with 2023[54].

Financial Performance - The total revenue for the reporting period was approximately RMB 328.3 million, representing a year-on-year increase of about 5.0%[7] - The company recorded a profit attributable to owners of approximately RMB 9.2 million, compared to a loss of approximately RMB 21.0 million in the same period last year[8] - Gross profit was approximately RMB 206.2 million, with a gross margin rising from about 55.9% to approximately 62.8% due to decreased costs and increased revenue[12] - Operating profit turned positive at RMB 13,170 thousand compared to an operating loss of RMB 19,815 thousand in the prior year, reflecting a significant recovery[20] - The company reported a net profit of approximately RMB 9.2 million, a significant turnaround from a loss of about RMB 21.0 million in the previous year[16] - The net profit for the six months ended June 30, 2024, was RMB 9,170,000, a significant recovery from a loss of RMB 21,047,000 in the same period of 2023[48] User Metrics - Monthly active users (MAUs) reached 5.1 million, an increase of 75.9% year-on-year[8] - The total number of registered users grew by 18.4% year-on-year, reaching 255.1 million[8] Market Insights - The overseas market revenue from self-developed games was approximately USD 8.55 billion, a year-on-year increase of about 4.2%[6] - The actual sales revenue of the Chinese gaming market in the first half of 2024 was RMB 147.27 billion, a year-on-year growth of 2.1%[6] - The mobile gaming market accounted for 73.0% of the total gaming market revenue, although it saw a slight decline[6] Cost Management - Research and development expenses decreased by approximately 10.9% to about RMB 35.6 million, primarily due to reduced employee benefit costs[15] - The company’s administrative expenses were approximately RMB 15.0 million, down from about RMB 17.5 million in the previous year, attributed to a decrease in expected credit loss provisions[14] - Research and development expenses were RMB 35,641 thousand, a decrease from RMB 40,018 thousand, reflecting a focus on cost management[20] Financial Position - Current assets increased from approximately RMB 25.1 million to about RMB 43.0 million, mainly due to deposits made for the acquisition of five mobile games[17] - The current ratio improved to 4.3 as of June 30, 2024, compared to 3.9 at the end of 2023[17] - The company has no bank borrowings or debt financing obligations, resulting in a zero debt-to-equity ratio[18] - Total assets decreased to RMB 985,241 thousand as of June 30, 2024, down from RMB 1,011,901 thousand at the end of 2023[24] - Total liabilities decreased to RMB 195,066 thousand from RMB 226,167 thousand, indicating a reduction in financial obligations[24] Revenue Breakdown - The revenue from self-issued products was RMB 191,671 thousand, up from RMB 146,786 thousand year-on-year, indicating a growth of about 30.5%[40] - The revenue from joint issuance was RMB 136,619 thousand, down from RMB 165,836 thousand, reflecting a decrease of approximately 17.6%[40] Governance and Compliance - The company has adhered to all provisions of the corporate governance code as per the listing rules, with the exception of the separation of roles between the Chairman and CEO, which is held by Mr. Liu, who has extensive experience in the mobile internet and mobile gaming industry[87] - The audit committee, composed of three independent non-executive directors, has reviewed the unaudited consolidated results for the reporting period and confirmed compliance with applicable accounting principles and sufficient disclosures[88] - The company is committed to maintaining transparency and compliance with the relevant financial reporting standards[88] Future Plans - The company plans to optimize game operations and explore innovative marketing channels due to rising advertising costs and uncertain effectiveness[8] - The company aims to extend the product lifecycle by continuously injecting new gameplay and enhancing player experience[9] - The company plans to continue expanding its market presence and investing in new product development to drive future growth[20] Shareholder Information - As of June 30, 2024, Liu Jie holds 1,007,837,500 shares, representing approximately 52.54% of the equity[76] - Major shareholders include LJ Technology Holding Limited with 1,007,837,500 shares (52.54%) and ZYB Holding Limited with 148,488,000 shares (7.74%) as of June 30, 2024[79] Employee Metrics - The total number of employees decreased to 301 as of June 30, 2024, from 347 a year earlier, indicating a reduction in workforce[67] - Total remuneration for key management personnel increased to RMB 2,869,000 for the six months ended June 30, 2024, compared to RMB 2,559,000 for the same period in 2023, reflecting a growth of 12.1%[60]

Financial Performance - The company reported total revenue of approximately RMB 328.3 million for the six months ended June 30, 2024, representing a 5.0% increase compared to RMB 312.6 million in the same period last year[3]. - Gross profit for the period was approximately RMB 206.2 million, up 18.0% from RMB 174.8 million year-on-year, with a gross margin increase from approximately 55.9% to 62.8%[9]. - The company achieved a profit of approximately RMB 9.2 million, a significant turnaround from a loss of RMB 21.0 million in the previous year, marking a 143.6% improvement[4]. - Total revenue for the six months ended June 30, 2024, was approximately RMB 328.3 million, compared to RMB 312.6 million for the same period last year, representing a growth of about 5.0%[21]. - Basic earnings per share for the reporting period was RMB 0.0048, compared to a loss per share of RMB 0.0111 in the same period last year, indicating a turnaround in profitability[21]. - The net profit attributable to the company's owners for the reporting period was approximately RMB 9.2 million, a significant improvement from a loss of approximately RMB 21.0 million in the same period last year, due to increased gross profit and reduced administrative and R&D expenses[16]. User Metrics - Monthly active users (MAUs) reached 5.1 million, a 75.9% increase year-on-year, while the total registered user base grew by 18.4% to 255.1 million[4]. Revenue Breakdown - Self-published revenue accounted for approximately RMB 191.7 million, representing about 58.4% of total revenue, compared to 47.0% in the same period last year[7]. - Revenue from self-published games was RMB 191,671 thousand, up 30.5% from RMB 146,786 thousand in the previous year[28]. - Revenue from co-published games was RMB 136,619 thousand, a decrease of 17.6% from RMB 165,836 thousand in the previous year[28]. Cost Management - The cost of revenue decreased by approximately 11.4% to RMB 122.1 million, primarily due to reduced platform sharing fees and commissions paid to game developers[8]. - Sales and marketing expenses for the reporting period were approximately RMB 151.6 million, an increase of about 4.8% or RMB 6.9 million compared to the same period last year, accounting for approximately 46.2% of total revenue[10]. - Administrative expenses for the reporting period were approximately RMB 15.0 million, down from approximately RMB 17.5 million in the same period last year, primarily due to the reversal of expected credit loss provisions[11]. - Research and development expenses for the reporting period were approximately RMB 35.6 million, a decrease of about 10.9% or RMB 4.4 million compared to the same period last year, mainly due to reduced employee benefit costs[12]. Market Overview - The Chinese gaming market's actual sales revenue for the first half of 2024 was RMB 147.27 billion, with a year-on-year growth of 2.1%[2]. - The number of online game licenses issued by the National Press and Publication Administration reached 688 in the first half of 2024, indicating a gradual increase in license issuance[2]. Future Plans - The company plans to launch new games in the second half of 2024, focusing on comprehensive testing and product optimization strategies[6]. - The company aims to enhance player experience and monetization capabilities by continuously optimizing game strategies and leveraging big data analytics[6]. Financial Position - Current assets increased from approximately RMB 25.1 million to approximately RMB 43.0 million, primarily due to deposits made for the acquisition of five mobile games, indicating ongoing market expansion efforts[17]. - As of June 30, 2024, the company's current ratio was 4.3, up from 3.9 as of December 31, 2023, reflecting improved liquidity[18]. - The company had no bank borrowings or other debt financing obligations as of June 30, 2024, resulting in a debt-to-equity ratio of zero, indicating a strong financial position[19]. - Total assets as of June 30, 2024, were RMB 985,241 thousand, down from RMB 1,011,901 thousand as of December 31, 2023[22]. - Total liabilities decreased to RMB 195,066 thousand from RMB 226,167 thousand as of December 31, 2023, reflecting a reduction of 13.8%[23]. - Non-current assets totaled RMB 183,774 thousand, a slight decrease from RMB 186,821 thousand in the previous period[22]. - Current assets decreased to RMB 801,467 thousand from RMB 825,080 thousand, indicating a decline of 2.9%[22]. Investments and Assets - The company has made several investments in financial products, each amounting to RMB 30 million, with expected annualized returns ranging from 2.30% to 3.56%[43][44]. - The company has invested in secured notes amounting to HKD 250,000,000 issued by the issuer, which remains unpaid as of December 31, 2023[48]. - The new board has made significant efforts to recover the unpaid notes, including appointing a receiver in November 2023 to safeguard the collateral[48]. - As of the reporting period, the issuer has repaid approximately RMB 11,000,000 of the principal amount through the receiver's efforts[48]. - The issuer's sole shareholder has agreed to pledge 10,000 shares (representing all shares of the issuer) as additional collateral for the notes[48]. - The company has no pledged assets or significant contingent liabilities as of June 30, 2024[46]. Corporate Governance - The company has complied with the corporate governance code, except for the separation of the roles of Chairman and CEO, which are held by the same individual[51]. - The audit committee, consisting of three independent non-executive directors, has reviewed the company's interim results and confirmed compliance with applicable accounting principles[52]. - The interim results announcement will be published on the Hong Kong Stock Exchange and the company's website[53]. Employee and Tax Information - As of June 30, 2024, the company has a total of 301 employees, down from 347 employees as of June 30, 2023[42]. - The company’s employee costs, including directors' remuneration, were RMB 51,106,000 for the six months ended June 30, 2024, down from RMB 55,038,000 for the same period in 2023[34]. - The company’s subsidiary, Guangzhou Miyuan Network Technology Co., Ltd., continues to enjoy a preferential tax rate of 15% as a "high-tech enterprise" for the three-year period ending June 30, 2024[32]. - The company’s subsidiary, Shanghai Kai Xi Network Technology Co., Ltd., has been granted a 0% tax rate for two years starting from 2021, followed by a 50% reduction for the next three years[31]. Dividends - The company did not declare or propose any dividends for the six months ended June 30, 2024, consistent with the previous year[35]. - The company does not recommend any interim dividend for the six-month period ending June 30, 2024[41].

Financial Performance - Total revenue for 2023 was RMB 646.1 million, a decrease of 22.4% compared to RMB 832.5 million in 2022[12] - Gross profit for 2023 was RMB 371.9 million, down from RMB 529.8 million in 2022, reflecting a gross margin of approximately 57.6%[12] - The company reported a net profit of RMB 6.8 million for 2023, a significant recovery from a net loss of RMB 139.4 million in 2022[12] - The cost of revenue was approximately RMB 274.2 million, a decrease of about 9.4% compared to the previous year[30] - Sales and marketing expenses were approximately RMB 305.7 million, a decrease of about 25.2% year-on-year, accounting for about 47.3% of total revenue[33] - Administrative expenses for the reporting period were approximately RMB 51.6 million, a decrease of about 29.7% or RMB 21.9 million compared to the same period last year, mainly due to reduced employee benefits and bad debt losses[34] - Research and development expenses amounted to approximately RMB 70.9 million, a decrease of about 9.5% or RMB 7.5 million compared to the same period last year, primarily due to reduced employee benefits[35] - Other income and gains recorded were approximately RMB 63.1 million, compared to other losses of approximately RMB 106.0 million in the same period last year, mainly due to fair value increases of investments and reversals of provisions for certain receivables[36] - The group recorded a profit of approximately RMB 6.8 million for the reporting period, compared to a loss of approximately RMB 139.4 million in the same period last year, mainly due to reduced advertising and promotional expenses and increased other income and gains[41] Assets and Equity - Non-current assets totaled RMB 186.8 million as of December 31, 2023, compared to RMB 149.1 million in 2022[12] - Current assets decreased to RMB 825.1 million in 2023 from RMB 907.1 million in 2022, indicating a focus on liquidity management[12] - The total equity increased slightly to RMB 785.7 million in 2023 from RMB 777.8 million in 2022, showing stability in the company's financial position[12] - As of December 31, 2023, current assets were approximately RMB 825.1 million, including cash and bank balances of approximately RMB 534.5 million, a decrease of about 21.7% from RMB 682.8 million as of December 31, 2022[42] - The current ratio as of December 31, 2023, was 3.9, compared to 3.5 as of December 31, 2022[42] - As of December 31, 2023, the group had no bank borrowings or other debt financing obligations, resulting in a debt-to-equity ratio of zero[42] Market and Growth Strategies - The company plans to enhance its marketing strategies and explore innovative promotional channels to adapt to the changing gaming market conditions[14] - Future growth strategies will focus on sustainable development and leveraging the management team's market insights and operational capabilities[14] - The company aims to maintain a patient and ambitious approach to navigate the complexities of the global gaming market[14] - Monthly active users (MAUs) reached 3.4 million, an increase of 32.3% year-on-year, while the total registered user base grew by 13.5% to 231.8 million[23] - The Chinese gaming market's actual sales revenue reached RMB 302.96 billion in 2023, a year-on-year increase of 13.95%[18] - The mobile gaming market in China generated actual sales revenue of RMB 226.86 billion, reflecting a year-on-year growth of 17.5%[18] Corporate Governance and Management - The board does not recommend the payment of a final dividend for the year ending December 31, 2023, consistent with the previous year[67] - The company has engaged a Hong Kong law firm to issue a demand letter to the issuer regarding the outstanding notes amounting to HKD 250 million[114] - The board underwent significant changes, with new members appointed in June and August 2023, indicating a strategic shift in governance[86] - The company appointed Dr. Chen Wenfeng as an executive director and member of the remuneration committee effective June 29, 2023[102] - The company appointed Mr. Jiang Huihui as an independent non-executive director and member of the audit, remuneration, and nomination committees effective June 29, 2023[102] - The chairman and CEO roles are held by the same individual, Liu Jie, who has been pivotal in the company's strategic development since its establishment in 2013[179] - The board will continue to review and monitor the company's conduct to maintain high standards of corporate governance[180] - The company has confirmed that all directors complied with the standards of the securities trading code during the reporting period[184] Legal and Compliance - The company has not identified any significant violations of relevant laws and regulations during the review year[62] - The company is subject to potential scrutiny from Chinese tax authorities regarding its contract arrangements, which could impact net income and investment value if additional tax liabilities are identified[165] - The company has received exemptions from the Hong Kong Stock Exchange regarding compliance with certain listing rules related to its contract arrangements, allowing for more flexibility in transactions[169] - The arbitration process for disputes is governed by the China International Economic and Trade Arbitration Commission, with decisions being binding and enforceable in relevant jurisdictions[168] - The company’s legal advisors believe that its contract arrangements do not fall under invalidating conditions outlined in Chinese contract law, although future legal interpretations remain uncertain[166] Investments and Financial Products - The group held significant investments, including the Zhongzhou Longteng Growth Fund, with a fair value of RMB 75.6 million as of December 31, 2023, representing 29.2% of the group's total assets[50] - Investments measured at fair value through profit or loss amounted to approximately RMB 258.7 million as of December 31, 2023, with a significant increase due to various financial products[54] - The company has engaged in various financial products, including investments of RMB 30 million each in multiple wealth management products with expected annualized returns ranging from 2.70% to 3.56%[84] Risks and Challenges - The company faces risks related to contract arrangements, particularly concerning foreign ownership restrictions in China, which could lead to severe consequences if agreements are deemed non-compliant with local laws[161] - In the event of bankruptcy or dissolution of the Chinese operating entity, the company may lose access to significant assets, but has provisions for asset sales under applicable Chinese law[163] - Shareholders of the Chinese operating entity have committed to avoiding conflicts of interest that could adversely affect the business during the contract's validity[165] Related Party Transactions - The independent non-executive directors have confirmed that the related party transactions for the year ending December 31, 2023, were conducted in the normal course of business and on normal commercial terms[174] - There are no disclosed related party transactions that require reporting under the listing rules[148] Subsidiaries and Operational Control - The company has established contractual arrangements to exercise control over the Chinese operating entity, allowing its financial performance to be consolidated into the company's results[152] - The Chinese operating entity operates in the internet culture business, which is classified as "prohibited" for foreign investment under current regulations[151] - The company holds all necessary operating licenses, including the network culture operating license and ICP license, through the Chinese operating entity[159]