Group 1 - The company announced the resignation of Mr. Yang Hui as an independent non-executive director, effective from August 1, 2025, due to personal matters [1] - Following Mr. Yang's departure, Ms. Gong Qiuyun has been appointed as the chairperson of both the remuneration committee and the nomination committee, also effective from August 1, 2025 [1]

滙隆控股有限公司* （於開曼群島註冊成立並於百慕達存續之有限公司） 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佈的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示，概不對因本公佈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。 WLS Holdings Limited （股份代號：8021） 獨立非執行董事： 盧家麒先生 龔秋雲女士 下表載列以下董事委員會成員資料： | 董事╱委員會 | 薪酬委員會 | 提名委員會 | 審核委員會 | | --- | --- | --- | --- | | 李振興先生 | | | | | 盧家麒先生 | M | M | C | | 龔秋雲女士 | C | C | M | 附註： 董事名單及其角色和職能 滙隆控股有限公司（「本公司」）董事（「董事」）會（「董事會」）於二零二五年八月一日的成員載列如下： 執行董事： 李振興先生 滙隆控股有限公司 執行董事 李振興 * 僅供識別 – 1 – 於本公佈日期，董事會成員包括李振興先生（執行董事）、盧家麒先生（獨立非執行董事）以及龔秋 雲女士（獨立非執行董事）。 本公佈乃遵照香港聯合交易所 ...

Group 1 - The company announced the resignation of Mr. Yang Hui as an independent non-executive director, effective from August 1, 2025, due to personal matters [1] - Following Mr. Yang's departure, Ms. Gong Qiuyun has been appointed as the chairperson of both the remuneration committee and the nomination committee, effective from August 1, 2025 [1]

格隆汇8月1日丨汇隆控股(08021.HK)公告，由于杨辉需处理其他个人事务，彼已辞任独立非执行董事并 不再担任公司审核委员会成员以及薪酬委员会及提名委员会各自主席，自2025年8月1日起生效。 ...

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佈的內容概不負責，對其準確性或完整 性亦不發表任何聲明，並明確表示概不就本公佈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。 楊先生已確認彼與董事會概無意見分歧，且彼並不知悉有關彼辭任之任何事宜須敦請香港聯交所（「聯 交所」）及本公司股東垂注。 薪酬委員會及提名委員會主席變更 於楊先生卸任後，獨立非執行董事龔秋雲女士已獲委任為薪酬委員會及提名委員會各自之主席，自二 零二五年八月一日起生效。 董事會謹藉此機會衷心感謝楊先生於其在任期間對本公司所作之貢獻。 WLS Holdings Limited 滙隆控股有限公司* （於開曼群島註冊成立並於百慕達存續之有限公司） （股份代號：8021） 獨立非執行董事辭任、 薪酬委員會及提名委員會主席變更及 不符合GEM上市規則規定 獨立非執行董事辭任 滙隆控股有限公司（「本公司」，連同其附屬公司，「本集團」）董事（「董事」）會（「董事會」）宣佈，由於 楊輝先生（「楊先生」）需處理其他個人事務，彼已辭任獨立非執行董事並不再擔任本公司審核委員會成 員以及薪酬委員會（「薪酬委員會」）及提名委員會（「提名 ...

智通财经APP讯，汇隆控股(08021)发布截至2025年4月30日止年度业绩，该集团期内取得收益7912.8万 港元，同比减少3.98%;公司拥有人应占年度亏损684.6万港元，同比收窄38.58%;每股基本亏损0.048港 仙。 ...

Group 1 - The company, 汇隆控股 (08021.HK), reported a revenue of HKD 79.128 million for the fiscal year ending April 30, 2025, representing a year-on-year decrease of 4% [1] - The gross profit for the company was HKD 52.159 million, which reflects a year-on-year increase of 2.8% [1] - The loss attributable to the company's owners for the year was HKD 6.846 million, an improvement compared to the loss of HKD 11.147 million in the previous year [1] - The basic and diluted loss per share was HKD 0.048 [1]

Financial Performance - For the fiscal year ending April 30, 2025, the total revenue was HKD 79,128,000, a decrease of 3.1% from HKD 82,405,000 in the previous year[4] - Gross profit increased to HKD 52,159,000, up 2.8% from HKD 50,740,000, indicating improved efficiency in cost management[4] - The net loss attributable to shareholders for the year was HKD 6,846,000, a reduction of 38.8% compared to a loss of HKD 11,147,000 in the prior year[5] - The company reported a significant increase in other income, which rose to HKD 707,000 from HKD 326,000, reflecting enhanced operational performance[4] - The basic and diluted loss per share improved to HKD 0.048 from HKD 0.078, indicating a positive trend in loss reduction[5] - The group recorded a consolidated loss after tax of approximately HKD 6,846,000 for the year ended April 30, 2025[18] - The net loss attributable to shareholders for 2025 was HKD 6,846,000, compared to a loss of HKD 11,147,000 in 2024, indicating an improvement of approximately 39%[37] - The group reported a pre-tax loss of HKD (3,074,000) for the fiscal year ending April 30, 2025, compared to a pre-tax loss of HKD (5,241,000) in 2024, reflecting an improvement in financial performance[27] Assets and Liabilities - Total assets increased to HKD 563,898,000, up from HKD 333,940,000, demonstrating strong growth in asset accumulation[6] - Current liabilities rose to HKD 207,606,000 from HKD 197,362,000, suggesting a need for careful management of short-term obligations[6] - The company’s net asset value decreased slightly to HKD 377,497,000 from HKD 383,877,000, reflecting the impact of operational losses[7] - The total assets of the group as of April 30, 2025, amounted to HKD 585,103,000, with segment assets of HKD 580,590,000 and unallocated company assets of HKD 4,513,000[26] - The total liabilities of the group as of April 30, 2025, were HKD 207,606,000, with segment liabilities of HKD 156,680,000 and unallocated company liabilities of HKD 50,926,000[26] - The group’s net current assets were approximately HKD 356.3 million, up from HKD 136.6 million in 2024[74] - The group’s debt-to-equity ratio was approximately 40.4% as of April 30, 2025, compared to 38.8% in 2024[76] Revenue Breakdown - For the fiscal year ending April 30, 2025, total revenue was HKD 54,370,000, with contributions from the construction segment at HKD 29,634,000, lending business at HKD 20,482,000, and securities investment at HKD 4,254,000[26] - Revenue from customer contracts for scaffolding, fit-out, and other ancillary services decreased to HKD 27,796,000 in 2025 from HKD 36,812,000 in 2024, a decline of approximately 24.5%[20] - The construction segment reported a decrease in external revenue from HKD 36,812,000 in 2024 to HKD 27,796,000 in 2025, representing a decline of approximately 24%[27] - The lending business experienced an increase in external revenue from HKD 45,593,000 in 2024 to HKD 51,332,000 in 2025, marking an increase of about 12%[27] - The scaffolding and renovation services segment generated revenue of approximately HKD 27,800,000, down by about HKD 9,000,000 from HKD 36,800,000 in the previous year[52] Credit and Financing - Expected credit losses recognized under the expected credit loss model amounted to HKD 39,914,000, an increase from HKD 24,409,000, indicating potential challenges in credit management[4] - The group has overdue borrowings of approximately HKD 152,582,000 as of April 30, 2025, with HKD 77,860,000 due within three months[18] - Cash and bank balances are approximately HKD 15,545,000, insufficient to cover all current liabilities due within the next twelve months[18] - The provision for credit losses on loans and interest rose to HKD 300,514,000 in 2025 from HKD 264,089,000 in 2024, an increase of approximately 14%[39] - The net impairment loss for the lending business was HKD (36,425,000) in 2025, compared to HKD (24,038,000) in 2024, indicating a significant increase in credit losses[26] - The group aims to enhance its loan collection processes despite difficulties in customer repayments this year[71] - The group has implemented stricter lending criteria to reduce risk, requiring borrowers to provide asset and income proof[64] Operational Strategy - The company continues to focus on its core business areas, including scaffolding, renovation services, lending, and securities investment, aiming for strategic growth in these sectors[9] - The group aims to implement cost control measures to improve operational efficiency and enhance future cash flows[21] - The group plans to negotiate the renewal of bond agreements, with no indications from bondholders for repayment within the next 12 months[21] - Management will consider other financing arrangements to increase capital and support growth[21] - The group aims to continue acquiring new contracts in the competitive interior decoration service sector[55] - The group has actively developed the rental business for suspended working platforms, gaining a good reputation in the market[56] Market and Economic Conditions - The construction and building services segment is facing challenges due to high interest rates and economic uncertainty, impacting growth prospects[70] - The competitive landscape in the scaffolding and lending industries is intense, with potential impacts on customer demand and financial performance if the group fails to respond to market changes[90] - The outlook for 2026 suggests moderate and sustained growth driven by government infrastructure investment and innovative construction practices[71] Governance and Compliance - The group has adopted the latest corporate governance code as per GEM listing rules and has complied with the relevant provisions, except for the absence of a chairman and CEO[98] - The audit committee has reviewed the group's annual financial statements and held two meetings during the year[101][102] Employee and Labor Costs - The company’s employee costs decreased to HKD 14,753,000 in 2025 from HKD 17,142,000 in 2024, a reduction of about 14%[35] - Employee costs for the year amounted to approximately HKD 14.8 million, down from HKD 17.1 million in the previous year, with a total of 40 full-time employees as of April 30, 2025[95] - The group is committed to providing a safe and competitive work environment to retain its workforce and mitigate labor-related risks[88] Risk Management - The group identified significant risks including labor shortages, which could increase employee and subcontracting costs, negatively impacting profitability[88] - The group’s financial risks include credit, interest rate, currency, liquidity, and other price risks, with ongoing management of its capital structure to balance shareholder returns and capital stability[91]

Financial Performance - Revenue for the six months ended October 31, 2024, was HKD 46,797,000, compared to HKD 46,474,000 for the same period in 2023, representing a slight increase of 0.7%[8]. - Gross profit for the period was HKD 33,466,000, up from HKD 26,264,000, indicating a significant increase of 27.0%[1]. - The company reported a net profit attributable to owners of HKD 30,486,000 for the six months, compared to a loss of HKD 11,740,000 in the previous year, marking a turnaround[14]. - The basic and diluted earnings per share for the period were HKD 0.212, compared to a loss per share of HKD (0.082) in the previous year[16]. - Other comprehensive income for the period included a fair value gain of HKD 1,080,000, compared to a loss of HKD (440,000) in the prior period[16]. - The group reported a total loss before tax of HKD 10,699,000 for the six months ended October 31, 2024, compared to a profit of HKD 23,020,000 in the same period of 2023[51]. - The company reported a profit of HKD 30,486 thousand for the six months ended October 31, 2024, compared to a loss of HKD (11,740) thousand in the same period of 2023[61]. - The increase in revenue was primarily driven by growth in the lending business during the reporting period[87]. Expenses and Liabilities - Operating and administrative expenses decreased to HKD (7,566,000) from HKD (10,303,000), reflecting a reduction of 26.7%[1]. - The group’s financing costs for the six months ended October 31, 2024, were HKD 3,251,000, compared to HKD 4,762,000 in the previous year[44]. - The group’s total liabilities decreased from HKD 18,000,000 in 2023 to HKD 147,000 in 2024, reflecting a significant reduction in debt obligations[26]. - Tax expenses for the period amounted to HKD 2,215 thousand, up from HKD 1,041 thousand in the previous year, reflecting a 112.5% increase[60]. - The group’s net cash used in financing activities was HKD 3,980,000 for the six months ended October 31, 2024, compared to a net cash generated of HKD 14,094,000 in 2023[26]. Assets and Equity - The company’s total assets as of October 31, 2024, were HKD 416,567,000, compared to HKD 384,680,000 as of April 30, 2024, showing an increase of 8.3%[18]. - The company’s equity attributable to owners increased to HKD 415,443,000 from HKD 383,877,000, an increase of 8.2%[21]. - As of October 31, 2024, the group's total equity was approximately HKD 415.4 million, up from approximately HKD 383.9 million on April 30, 2024[112]. - The total value of the investment portfolio as of October 31, 2024, was approximately HKD 63.4 million, compared to approximately HKD 48.8 million on April 30, 2024, with a net fair value gain of approximately HKD 21.4 million during the reporting period[113]. Cash Flow - For the six months ended October 31, 2024, the net cash generated from operating activities was HKD 2,904,000, compared to a net cash used of HKD 15,452,000 in the same period of 2023[26]. - The cash and cash equivalents at the end of the period were HKD 17,409,000, a decrease from HKD 17,175,000 at the end of October 31, 2023[26]. - The company’s cash and cash equivalents stood at HKD 17,409,000, down from HKD 18,480,000, a decrease of 5.8%[18]. Business Segments - The group has three operating segments: construction services, lending business, and securities investment, with a focus on resource allocation and performance evaluation[47]. - The scaffolding services segment generated revenue of approximately HKD 17,300,000, a decrease of about HKD 5,600,000 compared to the previous year, due to a reduction in new contracts[88]. - The group provided scaffolding services for 36 ongoing projects, with 26 completed on schedule and 3 new contracts secured during the reporting period[89]. - The group’s lending business is operated by its wholly-owned subsidiary, Kingway Hong Kong Limited, which is a licensed money lender under Hong Kong law[93]. Credit Loss and Impairment - The expected credit loss recognized under the model was a net impairment loss of HKD (11,702,000), an improvement from HKD (25,507,000) in the prior period[7]. - The net impairment loss recognized under the expected credit loss model for receivables was HKD (11,702) thousand for the six months ended October 31, 2024, compared to HKD (25,507) thousand for the same period in 2023, indicating a 54.1% decrease[58]. - The expected credit loss from receivables is approximately HKD 8,500,000, a significant decrease from HKD 38,000,000 in the same period last year[104]. Corporate Governance - The audit committee is responsible for reviewing the company's annual reports, half-year reports, and quarterly reports, ensuring compliance with applicable accounting standards and legal requirements[142]. - The company has established an audit committee composed of three independent non-executive directors[145]. - The company has adhered to the corporate governance code as per GEM listing rules, with some deviations noted[141]. - The roles of the chairman and CEO are not combined, ensuring a balance of power within the board[144]. Employee and Management - The group’s short-term employee benefits for the six months ending October 31, 2024, amounted to HKD 1,386,000, down from HKD 2,459,000 in the previous year[85]. - The company has implemented a stock option plan to incentivize employees and contributors to the group's development[125]. - No stock options were granted, exercised, canceled, expired, or remained unexercised during the reporting period[129]. - The company has not entered into any management or administrative contracts related to any significant part of its business as of October 31, 2024[131]. Future Outlook - The group will continue to focus on high-margin and growth-potential business segments, such as the lending business[116]. - The group is reviewing its current asset structure and business strategy to adapt to future uncertainties[116]. - The group aims to diversify its business scope and promote overall development in line with government strategies in property construction and infrastructure investment[110].

Revenue Performance - Total revenue for the six months ended October 31, 2024, was HKD 46,797,000, a slight increase from HKD 46,474,000 in the same period last year, representing a growth of 0.7%[17] - Revenue from construction and related services was HKD 17,290,000, down 24.0% from HKD 22,918,000 in the previous year[15] - Loan interest income increased to HKD 29,507,000, up 25.3% from HKD 23,556,000 year-on-year[16] - For the six months ended October 31, 2024, the company's revenue was approximately HKD 46,800,000, an increase of about 0.7% compared to HKD 46,500,000 in the same period of 2023[64] - The lending business recorded a revenue increase to approximately HKD 29,500,000, up from HKD 23,600,000 in the same period last year[76] Profit and Loss - The company reported a total comprehensive loss of HKD 12,180,000 for the period, compared to a loss of HKD 11,740,000 in the previous year[3] - The company reported a profit attributable to owners of HKD 30,486,000 for the six months ended October 31, 2024, compared to a loss of HKD (11,740,000) in the same period last year[40] - The net profit attributable to the company's owners for the reporting period was approximately HKD 30,500,000, a turnaround from a net loss of approximately HKD 11,700,000 in the same period of 2023[64] - The company incurred a pre-tax loss of HKD 10,699,000, reflecting the challenges faced in the construction segment[25] Cash Flow and Financial Position - The net cash generated from operating activities was HKD 2,904,000, a significant improvement compared to a net cash outflow of HKD 15,452,000 in the previous year[6] - The company’s cash and cash equivalents decreased to HKD 17,409,000 from HKD 17,175,000 year-on-year[6] - As of October 31, 2024, total equity attributable to owners of the company was HKD 415,443,000, an increase from HKD 383,877,000 at the end of the previous period[3] - The company’s total reserves increased to HKD 271,773,000 from HKD 240,207,000, indicating a growth of 13.9%[1] - The company's total assets as of October 31, 2024, were HKD 416,567,000, an increase from HKD 384,680,000 as of April 30, 2024[137] Expenses - Operating and administrative expenses decreased by approximately 26.6% compared to the same period last year, mainly due to reduced employee costs and tightened cost control[89] - The company’s depreciation expense for property, plant, and equipment was HKD 642,000, slightly up from HKD 640,000 in the previous year[43] - The tax expense for the period was HKD 2,215,000, up from HKD 1,041,000 in the previous year, reflecting a higher profit level[34] Credit Quality and Impairment - The net impairment loss recognized under the expected credit loss model for the period was HKD (11,702,000), a decrease from HKD (25,507,000) in the previous year, indicating improved credit quality[37] - The net impairment loss from expected credit losses on loans and interest receivable was approximately HKD 8,500,000, a significant decrease from HKD 38,000,000 in the same period last year[80] Investment Performance - The company recorded a fair value gain on financial assets of HKD 21,400,000 for the six months ended October 31, 2024, compared to HKD 1,330,000 in the previous year, indicating a significant increase in investment performance[31] - The total value of the investment portfolio as of October 31, 2024, was approximately HKD 63,400,000, up from HKD 48,800,000 as of April 30, 2024[83] - The fair value gain on the investment portfolio for the reporting period was approximately HKD 21,400,000, compared to HKD 1,300,000 in the same period last year[83] Operational Highlights - The company has three operating segments: construction services, lending business, and securities investment, with total external revenue of HKD 46,797,000 for the period[19] - The scaffolding services segment generated revenue of approximately HKD 17,300,000, a decrease of about HKD 5,600,000 compared to the same period in 2023, due to a reduction in new contracts obtained[65] - The group provided scaffolding services for 36 ongoing projects, with 26 completed on schedule and secured 3 new contracts during the reporting period[67] Lending Business - As of October 31, 2024, the lending portfolio consisted of loans ranging from approximately HKD 100,000 to HKD 25,000,000, with annual interest rates between 7.0% and 22%[76] - 74% of the outstanding loans and interest receivables as of October 31, 2024, were unsecured, while the remaining loans were secured by shares of listed companies[76] - The maximum loan and interest receivable from the largest borrower amounted to approximately HKD 28,800,000, representing about 6.1% of the total receivables[76] - The group has implemented stricter lending criteria, requiring borrowers to provide asset and income proof to demonstrate repayment capability[76] Corporate Governance - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the company's financial reports and internal control procedures[118] - The company has complied with the GEM listing rules regarding the code of conduct for directors' securities transactions during the reporting period[113] - There are no significant contracts in which directors have a material interest as of October 31, 2024[107] Future Outlook - The group plans to continue focusing on high-margin and growth potential business segments, such as lending services, while adapting its strategies to market dynamics[88] - The group aims to explore suitable investment opportunities to diversify its business scope and enhance overall development[88]