Financial Performance - Total revenue for the six months ended June 30, 2025, was approximately RMB 23,115,000, a decrease of 23.8% compared to RMB 30,323,000 for the same period in 2024[7] - The net loss for the period was approximately RMB 1,756,000, a reduction of 70.7% from RMB 5,984,000 in the previous year, primarily due to increased revenue from blockchain-related services[8] - The group reported a loss of approximately RMB 1,756,000 for the period, a decrease from RMB 5,984,000 for the six months ending June 30, 2024, primarily due to increased revenue from blockchain technology applications and reduced administrative expenses[24] - The company reported a basic and diluted loss per share of RMB 0.89, an improvement from RMB 1.38 in the prior year[39] - The group’s income tax expense for the period was approximately RMB 990,000, compared to RMB 1,440,000 for the six months ending June 30, 2024[23] Revenue Breakdown - Revenue from blockchain technology development and technical support amounted to RMB 13,915,000, with no revenue from self-developed games during the period[10] - Revenue from the issuance of third-party games was approximately RMB 9,200,000, down from RMB 16,172,000 in the same period last year[16] - Revenue from third-party game publishing in China was RMB 9,200,000, down from RMB 16,172,000 in the previous year, representing a decline of 43.5%[56][57] - The mobile gaming segment generated revenue of RMB 9,200,000, while the blockchain technology segment contributed RMB 13,915,000, indicating a shift in revenue sources[59] Expenses and Investments - Administrative expenses were approximately RMB 9,203,000, significantly reduced from RMB 21,050,000 in the previous year, mainly due to decreased amortization of intangible assets[18] - Research and development expenses for the period were approximately RMB 12,038,000, compared to RMB 267,000 in the same period last year, reflecting increased investment in game service development[19] - The company made a significant investment of approximately RMB 20,860,000 in intangible assets related to the development of a social finance mobile application[45] - The net cash used in operating activities was RMB 19,535,000, compared to RMB 10,455,000 in the previous year, highlighting increased operational expenditures[44] Financial Position - Total assets increased to RMB 110,454,000 as of June 30, 2025, compared to RMB 90,796,000 at the end of 2024, showing growth in the company's financial position[41] - The group’s net current assets were approximately RMB 72,824,000 as of June 30, 2025, compared to RMB 69,482,000 on December 31, 2024[27] - The group has no bank or other borrowings as of June 30, 2025, consistent with December 31, 2024[28] - As of June 30, 2025, the group’s debt-to-equity ratio was 6.1%, down from 10.7% on December 31, 2024[26] Strategic Plans - The company plans to continue leveraging blockchain technology to develop high-growth potential businesses and enhance game development and publishing capabilities[10] - The group is optimistic about its blockchain technology applications and plans to continue investing in the development of live streaming platforms to enhance its business[38] - The group will regularly review its business strategies to capture opportunities in both domestic and overseas markets[38] - The company aims to strengthen relationships with existing clients and develop new client relationships to drive business growth[10] Shareholder and Governance Information - The company did not declare any dividends for the interim periods, reflecting a conservative approach to cash management amid ongoing losses[64] - The board of directors did not recommend any interim dividend for the six months ended June 30, 2025[76] - The company has adopted the corporate governance code principles as per the Listing Rules Appendix C1 and complied with all applicable code provisions for the six months ending June 30, 2025[104] - An audit committee has been established in accordance with Listing Rule 3.21, responsible for ensuring effective internal control and risk management frameworks[105] Employee and Management Compensation - The total remuneration for directors and key management personnel increased to RMB 1,528,000 for the six months ended June 30, 2025, compared to RMB 1,142,000 for the same period in 2024, reflecting a growth of approximately 33.8%[75] - For the six months ending June 30, 2025, the group recognized share-based payment expenses of approximately RMB 1,663,000, compared to RMB 7,337,000 for the same period ending June 30, 2024[102] Share Plans - The company plans to adopt a new share plan on April 9, 2025, following the termination of the old plans[89] - The new share plan was adopted on April 9, 2025, allowing for the issuance of up to 41,483,781 shares, representing approximately 10% of the total issued shares as of the adoption date[96] - The reward shares granted under the new share plan will vest in three tranches: 20% on November 28, 2025, 30% on November 28, 2026, and 50% on November 28, 2027[100] - The new share plan is designed to attract suitable personnel for the company's further development and to retain qualified participants[96]

新娛科控股有限公司 SINO-ENTERTAINMENT TECHNOLOGY HOLDINGS LIMITED （股份代號：6933） （於開曼群島註冊成立的有限公 司） 薪酬委員會的 職權範圍 成員 秘書 會議次數及議事程序 – 1 – 1. 薪酬委員會須由新娛科控股有限公司（「本公司」）之董事會（「董事會」）設立。 2. 薪酬委員會成員由董事會委任，且由不少於三名成員組成，其中多數成員 須為本公司獨立非執行董事。 3. 薪酬委員會之主席須為獨立非執行董事，並須由董事會委任。 4. 薪酬委員會成員的委任年期由董事會於委任日決定。 5. 薪酬委員會之秘書應由本公司之公司秘書擔任。 6. 薪酬委員會可不時委任任何其他具備合適資格及經驗之人士為薪酬委員 會之秘書。 7. 薪酬委員會每年最少須舉行一次會議。 8. 除非薪酬委員會全體成員一致通過豁免會議之通知，任何會議之通知須 於該會議舉行前最少14天作出。不論所作出之通知期，薪酬委員會成員出 16. 薪酬委員會之主席或（如其缺席）薪酬委員會之另一名成員（必須為獨立非 執行董事）須出席本公司之股東週年大會，並處理股東就薪酬委員會之活 動及彼等之責任作出之提問。 – ...

SINO-ENTERTAINMENT TECHNOLOGY HOLDINGS LIMITED 新娛科控股有限公司 （股份代號：6933） （於開曼群島註冊成立的有限公 司） 提名委員會的 職權範圍 成員 秘書 14. 在提名委員會之邀請下，董事會主席及╱或董事總經理或行政總裁、外聘 顧問及其他人士可獲邀請出席所有或部分任何會議。 15. 僅提名委員會之成員有權於會議上投票。 股東週年大會 16. 提名委員會之主席或（如其缺席）提名委員會之另一名成員（此成員必須為 獨立非執行董事）須出席本公司之股東週年大會，並處理股東就提名委員 會之活動及彼等之責任作出之提問。 – 1 – 1. 提名委員會須由新娛科控股有限公司（「本公司」）之董事會（「董事會」）設立。 2. 提名委員會成員由董事會委任，成員不少於三名，其中多數成員須為本公 司獨立非執行董事。提名委員會中至少應有一名不同性別的成員。 3. 提名委員會之主席應由董事會主席或由一名獨立非執行董事擔任，並須 由董事會委任。 4. 提名委員會成員的委任年期應由董事會於委任日決定。 5. 提名委員會之秘書應由本公司之公司秘書擔任。 6. 提名委員會可不時委任任何其他具備 ...

SINO-ENTERTAINMENT TECHNOLOGY HOLDINGS LIMITED 新娛科控股有限公司 （股份代號：6933） 審核委員會的 職權範圍 成員 秘書 – 1 – （於開曼群島註冊成立的有限公 司） 18. 審核委員會之主席或（如其缺席）審核委員會之另一名成員（必須為獨立非 執行董事）須出席本公司之股東週年大會，並處理股東就審核委員會之活 動及彼等之責任作出之提問。 責任、職責、權力及職能 1. 審核委員會須由新娛科控股有限公司（「本公司」）之董事會（「董事會」）設立。 2. 審核委員會成員須由董事會從本公司非執行董事中委任，且成員人數不 得少於三人。當中大多數成員須為本公司之獨立非執行董事及最少一名 具備適當專業資格或具備會計或相關的財務管理專長之獨立非執行董事。 3. 審核委員會之主席須為獨立非執行董事，並須由董事會委任。 4. 本公司現時的核數公司前合夥人於(a)終止成為該公司合夥人之日；或(b) 不再享有該公司任何財務利益之日（以日期較後者為準）起計兩年期間內， 不得擔任審核委員會的成員。 5. 審核委員會成員的委任年期由董事會於委任日決定。 6. 審核委員會之秘書應由本公司之公 ...

承董事會命 SINO-ENTERTAINMENT TECHNOLOGY HOLDINGS LIMITED 新娛科控股有限公司 （於開曼群島註冊成立的有限公 司） （股份代號：6933） 董事會會議通告 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。 新娛科控股有限公司（「本公司」）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二十九日（星期五）舉行，以（其中包括）(i)考慮及批 准刊發本公司及其附屬公司截至二零二五年六月三十日止六個月之中期業績； (ii)考慮派發中期股息（如有）；(iii)考慮暫停辦理股份過戶登記手續（如有需要）； 及(iv)處理任何其他事務（如有）。 新娛科控股有限公司 主席兼執行董事 隋嘉恒 香港，二零二五年八月八日 於本公告日期，執行董事為隋嘉恒先生及李濤先生；非執行董事為何紹寧先生；以及獨立非 執行董事為龐霞女士、鄧春華先生及陳楠女士。 ...

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 | | | 致：香港交易及結算所有限公司 公司名稱: 新娛科控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 06933 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 500,000,000 | USD | | 0.0001 | USD | | 50,000 | | 增加 / 減少 (-) | | | 0 | | | | USD | | | | 本月底結存 | | | 500,000,000 | USD | | 0.0001 | USD | | 50,000 | 本月底法定/註冊股本總額： USD 50,000 第 1 頁 共 10 ...

Company Overview - New Entertainment Technology Holdings Limited is a comprehensive game publisher and developer based in China, focusing on the distribution of mobile games in the Chinese market [2][3] - The company aims to leverage its years of operational experience and expertise in the mobile gaming industry to provide high-quality and interactive gaming experiences for players [2] Financial Performance - As of December 31, 2024, New Entertainment Technology achieved total revenue of 44.664 million yuan, representing a year-on-year growth of 396.38% [1] - The company's net profit attributable to shareholders was -27.891 million yuan, with a year-on-year increase of 73.02% [1] - The gross profit margin stood at 4.01%, and the debt-to-asset ratio was 9.7% [1] Stock Performance - As of July 16, the stock price of New Entertainment Technology closed at 0.42 HKD per share, marking an increase of 68.0% [1] - The stock has seen a cumulative increase of 64.47% over the past month and a 25% increase year-to-date, outperforming the Hang Seng Index by 22.58% [1] Industry Valuation - The average price-to-earnings (P/E) ratio for the software services industry (TTM) is -10.97, with a median of -2.69 [2] - New Entertainment Technology's P/E ratio is -3.44, ranking 130th in the industry [2] - Comparatively, other companies in the industry have P/E ratios ranging from 3.66 to 6.38 [2]

Financial Performance - The total revenue for the year was approximately RMB 44,664,000, representing an increase of about 396.4% compared to approximately RMB 8,998,000 for the year ended December 31, 2023[16]. - The loss attributable to the owners of the company for the year was approximately RMB 27,891,000, a decrease of about 73.0% from approximately RMB 103,378,000 for the year ended December 31, 2023[8]. - Gross profit for the year was approximately RMB 1,791,000, a significant improvement from a gross loss of RMB 14,374,000 for the year ending December 31, 2023[21]. - Other income decreased by approximately 8.39% to RMB 3,176,000, down from RMB 3,467,000 for the year ending December 31, 2023, mainly due to reduced government subsidies and interest income[22]. - The company reported a net loss attributable to shareholders of approximately RMB 27,891,000 this year, a decrease from RMB 103,378,000 for the year ending December 31, 2023[30]. - As of December 31, 2024, the company's current assets net value was approximately RMB 69,482,000, down from RMB 86,647,000 as of December 31, 2023[31]. - The company's debt-to-equity ratio as of December 31, 2024, was approximately 10.74%, a decrease from 32.2% as of December 31, 2023[32]. Business Development - The company entered into a subscription agreement in September 2024, acquiring a 51% stake in a subsidiary focused on developing social finance mobile applications using blockchain technology[7]. - The core source code for the framework module of the social finance mobile application has been developed as of the date of the earnings announcement[14]. - The company aims to launch the social finance mobile application by the third quarter of 2025[9]. - The increase in revenue was primarily due to higher earnings from the joint publishing of third-party games and the development and sale of games[14]. - The company has submitted approval applications for two game titles to the National Press and Publication Administration, indicating potential future game licenses[15]. - The gaming industry is recovering as the National Press and Publication Administration has resumed issuing new game licenses since April 2022[9]. - The company has not recorded any revenue from self-developed games during the year[17]. - The company served as a co-publisher for 24 third-party games this year, generating revenue of approximately RMB 30,513,000, compared to RMB 8,015,000 for the year ending December 31, 2023[18]. - Revenue from self-developed and sold games reached approximately RMB 14,151,000 this year, up from RMB 896,000 for the year ending December 31, 2023[19]. Employee and Administrative Expenses - Employee costs for the year were approximately RMB 18,210,000, an increase from RMB 13,698,000 for the year ending December 31, 2023, primarily due to increased share-based payment expenses[24]. - Administrative expenses increased to approximately RMB 35,518,000 this year, compared to RMB 28,273,000 for the year ending December 31, 2023, mainly due to increased share-based payment expenses[28]. - The company employed 27 staff members as of December 31, 2024, down from 28 in 2023[41]. - The group recognized share-based payment expenses of approximately RMB 13,946,000 for the year, compared to RMB 9,342,000 in the previous year[66]. - The company has not made any charitable donations during the year, similar to 2023[48]. Corporate Governance - The board of directors does not recommend any final dividend for the year, consistent with 2023[46]. - The company has not engaged in any significant transactions involving directors or related entities during the year[54]. - The board consists of six members, including two executive directors, one non-executive director, and three independent non-executive directors, complying with listing rules regarding board composition[110]. - The roles of the chairman and the CEO are separated, with Sui Jiaheng serving as chairman and Li Tao as CEO, ensuring effective governance and management[115]. - The board believes all directors have dedicated sufficient time and attention to their duties and the company's affairs[120]. - The company has established a written guideline for employees regarding securities trading to prevent insider trading violations[106]. - The company has established a dividend policy that allows for the recommendation, declaration, and distribution of dividends to shareholders, subject to board discretion and various factors including economic conditions and financial results[149]. Risk Management and Compliance - The board is responsible for maintaining an effective risk management and internal control system, with a focus on minimizing risks rather than eliminating them entirely[153]. - The company has engaged an independent internal control consultant to review its internal control systems and risk management processes, with findings submitted to the board[154]. - The board and audit committee have reviewed the effectiveness of the risk management and internal control systems and deemed them sufficient and effective[155]. - The company encourages stakeholders to report concerns through its designated channels, ensuring confidentiality and protection for whistleblowers[157]. - The company is not aware of any tax relief or exemption provided to shareholders for holding its securities[94]. - The company has complied with the disclosure requirements under the listing rules regarding related party transactions, confirming no transactions constituted related party transactions[74]. Environmental, Social, and Governance (ESG) Performance - The report covers the environmental, social, and governance (ESG) performance of the company and its subsidiaries for the period from January 1, 2024, to December 31, 2024[167]. - The company emphasizes the importance of ESG management and has established a framework for identifying and addressing ESG-related risks and opportunities[168]. - The company is committed to environmental management and has established a system for monitoring greenhouse gas emissions and energy consumption[173]. - Total greenhouse gas emissions for 2024 amounted to 32.77 tons, with a per capita emission of 1.21 tons per person[176]. - The company generated 33.47 kg of non-hazardous waste, resulting in a waste disposal density of 1.24 kg per person for 2024[181]. - Total energy consumption for 2024 was recorded at 6.59 MWh, with a consumption density of 0.24 MWh per person[188]. - Total water consumption for 2024 reached 357.33 cubic meters, with a water consumption density of 13.23 cubic meters per person[190]. - The company adheres to environmental regulations and has not reported any significant violations related to environmental protection during the reporting period[176]. Employee Relations and Development - The workforce consists of 27 employees, with a gender distribution of 48% male (13) and 52% female (14)[193]. - Employee turnover rate analysis shows a 100% turnover for employees over 31 years old, with no turnover for those under 31[193]. - The company emphasizes employee health and safety, implementing measures such as a smoke-free office and emergency response procedures[197]. - The company has a performance management policy to guide, assess, and reward employee performance systematically[196]. - The company provides various types of leave, including sick leave, maternity leave, and annual leave, to support work-life balance[200]. - 100% of employees received training, with an average training duration of 11.82 hours, including 6 training sessions during the reporting period[199]. - The company has established a transparent recruitment system, ensuring equal opportunities for internal and external candidates[195]. - The company adheres strictly to labor laws preventing child labor and forced labor, ensuring all applicants provide accurate personal information for background checks[200].

Financial Performance - Total revenue for the year ended December 31, 2024, was RMB 44,664,000, an increase of 396% compared to RMB 8,998,000 in 2023[3] - Gross profit for 2024 was RMB 1,791,000, compared to a gross loss of RMB 14,374,000 in 2023[3] - Net loss for the year was RMB 29,068,000, a significant improvement from a net loss of RMB 104,611,000 in 2023[3] - Basic and diluted loss per share for 2024 was RMB 6.89, compared to RMB 25.75 in 2023[5] - The company reported a pre-tax loss of RMB 26,629,000 for the year ended December 31, 2024, compared to a pre-tax loss of RMB 102,076,000 for the year ended December 31, 2023[20] - The loss attributable to the company's owners for the year was approximately RMB 27,891,000, a decrease of about 73.0% from approximately RMB 103,378,000 in 2023[33] - The net loss attributable to the company's owners for the year was approximately RMB 27,891,000, a significant reduction from approximately RMB 103,378,000 for the year ended December 31, 2023, driven by increased revenue from game sales and a reversal of previously recognized impairment losses[47] Assets and Equity - Non-current assets increased to RMB 21,314,000 in 2024 from RMB 18,065,000 in 2023, primarily due to an increase in intangible assets[6] - Current assets decreased to RMB 79,235,000 in 2024 from RMB 120,344,000 in 2023, with cash and cash equivalents dropping to RMB 29,715,000[6] - Total equity decreased to RMB 90,796,000 in 2024 from RMB 104,712,000 in 2023, reflecting the net loss incurred during the year[6] - As of December 31, 2024, the group's current assets net value was approximately RMB 69,482,000, down from approximately RMB 86,647,000 as of December 31, 2023[48] - The group's cash and cash equivalents as of December 31, 2024, were approximately RMB 29,715,000, a decrease from approximately RMB 79,569,000 as of December 31, 2023[48] - The debt-to-equity ratio as of December 31, 2024, was approximately 10.74%, a decrease from 32.2% as of December 31, 2023[49] Revenue Sources - The mobile gaming business generated revenue of RMB 44,664,000 in 2024, while the blockchain technology business reported no revenue[20] - The company served as a co-publisher for 24 third-party games, contributing co-publishing revenue of approximately RMB 30,513,000, compared to RMB 8,015,000 for 14 games in 2023[37] - Revenue from self-developed and sold games was approximately RMB 14,151,000, a significant increase from RMB 896,000 in the previous year[38] - The company did not recognize any revenue from third-party game sales in 2024, indicating a focus on internal game development[17] Expenses - Research and development expenses for 2024 were RMB 14,765,000, slightly higher than RMB 14,416,000 in 2023[3] - The company incurred financing costs of RMB 845,000 in 2024, a decrease from RMB 1,673,000 in 2023[21] - The deferred tax expense for the year 2024 was RMB 2,439,000, compared to RMB 2,535,000 in 2023[22] - Other income for the year 2024 totaled RMB 3,176,000, slightly down from RMB 3,467,000 in 2023[21] - Administrative expenses for the year were approximately RMB 35,518,000, up from approximately RMB 28,273,000 for the year ended December 31, 2023, also due to increased share-based payment expenses[45] - Employee costs for the year amounted to approximately RMB 18,210,000, an increase from approximately RMB 13,698,000 for the year ended December 31, 2023, primarily due to increased share-based payment expenses[43] Strategic Focus - The company continues to focus on mobile game publishing and development, as well as blockchain technology business[7] - The company is exploring new strategies for market expansion and product development in the gaming sector[7] - The company expects to launch a social finance mobile application by the third quarter of 2025, in collaboration with an independent third party[34] - The company has submitted approval applications for two game titles to the National Press and Publication Administration, anticipating new game licenses[34] Compliance and Governance - The company expects to continue applying new accounting standards without significant impact on the consolidated financial statements in the foreseeable future[13] - The company has not early adopted any new or revised Hong Kong Financial Reporting Standards that are not yet effective, indicating a cautious approach to regulatory changes[14] - The audit committee reviewed the financial statements for the fiscal year ending December 31, 2024, ensuring compliance with applicable accounting standards and regulations[69] - The auditor confirmed that the financial figures for the year ending December 31, 2024, are consistent with the group's consolidated financial statements[70] Shareholder Matters - The board did not recommend the distribution of any final dividend for the year[61] - The board proposed to terminate the existing 2020 share option scheme and 2021 share award scheme, adopting a new share scheme pending shareholder approval on April 9, 2025[65] - The annual general meeting is scheduled for June 17, 2025, with a suspension of share transfer registration from June 12 to June 17, 2025[67][68]

Financial Performance - The company's revenue for the six months ended June 30, 2024, was approximately RMB 30,323,000, an increase of about 3,393.4% compared to RMB 868,000 for the same period in 2023[7]. - Gross profit for the same period was approximately RMB 2,263,000, reflecting a growth of about 279.1% from RMB 597,000 in the previous year[7]. - The net loss for the period was approximately RMB 5,984,000, a decrease of about 57.9% compared to a loss of RMB 14,201,000 in the same period last year[8]. - The company developed and sold three customized software and games, generating sales revenue of approximately RMB 14,151,000, compared to RMB 783,000 for the same period in 2023[14]. - The company provided publishing services for 20 third-party games, recording publishing revenue of approximately RMB 16,172,000, with no revenue from this segment in the previous year[16]. - The group reported a loss of approximately RMB 5,984,000 for the current period, a decrease from a loss of RMB 14,201,000 for the six months ended June 30, 2023, primarily due to increased revenue from third-party game releases and reduced impairment losses[21]. - Total comprehensive loss for the period was RMB 5,095,000, compared to RMB 11,787,000 in the previous year, showing a reduction in overall losses[34]. - The company reported a loss before tax of RMB 4,544,000, a notable improvement from a loss of RMB 15,358,000 in the same period last year[34]. - The basic and diluted loss per share improved to RMB (1.38) from RMB (3.34) year-over-year, indicating a reduction in loss per share[34]. Expenses and Costs - Administrative expenses for the period were approximately RMB 21,050,000, an increase from RMB 9,406,000 in the same period last year, primarily due to increased advertising, promotion expenses, and intangible asset amortization[18]. - Research and development expenses for the six months ended June 30, 2024, were RMB 267,000, down from RMB 549,000 for the same period in 2023, indicating a decrease of approximately 51%[56]. - The total depreciation and amortization expense for the six months ended June 30, 2024, was RMB 5,274,000, compared to RMB 2,308,000 for the same period in 2023, representing an increase of approximately 129%[56]. - The group recognized a net impairment loss of approximately RMB 12,892,000 for trade receivables during the six months ended June 30, 2024, compared to RMB 6,557,000 for the same period in 2023[61]. Assets and Liabilities - As of June 30, 2024, the group's current assets net value was approximately RMB 91,528,000, an increase from RMB 86,647,000 as of December 31, 2023[24]. - The group had cash and cash equivalents of approximately RMB 74,132,000 as of June 30, 2024, down from RMB 79,569,000 as of December 31, 2023[24]. - The net asset value increased to RMB 106,954,000 as of June 30, 2024, compared to RMB 104,712,000 at the end of 2023[35]. - Trade and other receivables rose significantly to RMB 50,890,000 from RMB 32,634,000, indicating improved collection or sales[35]. - The group’s debt-to-equity ratio as of June 30, 2024, was 34.2%, compared to 32.2% as of December 31, 2023[23]. - The group reported a loan from DeFiner Limited amounting to RMB 24,300,000 as of June 30, 2024, an increase from RMB 23,257,000 as of December 31, 2023[68]. Cash Flow - Operating cash flow before changes in working capital for the six months ended June 30, 2024, was RMB (6,175) thousand, compared to RMB (3,163) thousand for the same period in 2023, indicating a decline[40]. - Net cash used in operating activities for the six months ended June 30, 2024, was RMB (10,455) thousand, significantly higher than RMB (1,137) thousand in the prior year[40]. - Cash and cash equivalents at the end of the period were RMB 74,132 thousand, down from RMB 80,251 thousand at the end of June 2023, reflecting a decrease of 7.4%[40]. - The net cash generated from investing activities was RMB 3,583 thousand for the six months ended June 30, 2024, compared to a net cash used of RMB (21,290) thousand in the same period of 2023, showing a significant improvement[40]. Corporate Developments - A letter of intent was signed on August 23, 2024, to establish a joint venture utilizing blockchain technology to develop a social finance mobile application[10]. - The company aims to continue focusing on high-growth potential businesses and enhancing game development and publishing capabilities[10]. - The company has not received any new game licenses during the period, with two games still pending approval from the National Press and Publication Administration[10]. - The group is optimistic about utilizing blockchain technology for developing social finance mobile applications and providing technical support[32]. Shareholder Information - As of June 30, 2024, Mr. Sui Jia Heng holds 158,900,000 shares, representing 38.30% of the company's issued share capital[75]. - Mr. Li Tao holds 117,000 shares, representing 0.02% of the company's issued share capital[75]. - Mr. He Shao Ning holds 560,000 shares, representing 0.13% of the company's issued share capital[75]. - Sun JH Holding Ltd. holds 158,900,000 shares, representing 38.30% of the company's issued share capital[80]. - Together Win Capital (Holdings) Co., Ltd. holds 22,740,000 shares, representing 5.48% of the company's issued share capital[80]. Governance and Compliance - The company has established an audit committee in accordance with the listing rules, responsible for ensuring effective internal controls and risk management[96]. - The company has adopted the corporate governance code principles as per the listing rules for the six months ending June 30, 2024[95]. - There are no known business interests or conflicts of interest among directors, controlling shareholders, or management shareholders that compete with the company's business[94]. - The company has been compliant with all applicable code provisions during the reporting period[95].