Core Insights - Tian Shi Resources (08028) reported a revenue of approximately HKD 124 million for the six months ending September 30, 2025, representing a year-on-year increase of 152.25% [1] - The loss attributable to the company's owners was HKD 3.343 million, which narrowed by 20.89% compared to the previous year [1] - The loss per share was HKD 0.0066 [1]

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 123,889,000, a significant increase from HKD 49,113,000 in the same period last year, representing a growth of approximately 152.3%[6] - The cost of sales for the same period was HKD 121,681,000, compared to HKD 48,993,000 last year, indicating an increase of about 147.1%[6] - The company recorded a loss before tax of HKD 4,397,000, an improvement from a loss of HKD 5,477,000 in the previous year, reflecting a reduction of approximately 19.7%[6] - The total comprehensive loss for the period was HKD 4,634,000, compared to HKD 5,345,000 in the prior year, showing a decrease of about 13.3%[6] - The basic and diluted loss per share for the period was HKD 0.66, compared to HKD 1.21 in the same period last year, indicating an improvement of approximately 45.5%[6] - The company reported other income and gains of HKD 5,662,000, up from HKD 1,531,000 in the previous year, marking an increase of about 270.5%[6] - The net loss attributable to shareholders was 4,226 million yuan, indicating a challenging financial environment[8] - The company recorded a net increase in cash and cash equivalents of HKD 6,403,000 for the six months ended September 30, 2025, compared to an increase of HKD 8,951,000 in the previous year[9] - The company recorded a loss of approximately HKD 4,634,000 for the six months ending September 30, 2025, a 13% decrease compared to a loss of HKD 5,345,000 in the same period of 2024, attributed to improved performance in the mining and metals business and profitability in the software business[71] Assets and Liabilities - Total assets decreased from HKD 157,874 million to HKD 86,489 million, a decline of approximately 45%[7] - Current liabilities increased significantly from HKD 18,026 million to HKD 94,224 million, representing a growth of about 422%[7] - Net current assets decreased from HKD 68,463 million to HKD 63,650 million, a reduction of approximately 7%[7] - Non-current assets totaled HKD 32,737 million, up from HKD 31,484 million, indicating an increase of about 4%[7] - Total equity decreased from HKD 95,557 million to HKD 91,909 million, a decline of about 4%[7] - The company's total liabilities increased from HKD 18,026 million to HKD 94,224 million, a significant rise of approximately 422%[7] - As of September 30, 2025, total assets amounted to HKD 190,611,000, with mining and metal business assets at HKD 103,028,000 and software business assets at HKD 30,072,000[17] - The total liabilities as of September 30, 2025, were HKD 98,702,000, with mining and metal business liabilities at HKD 32,168,000 and software business liabilities at HKD 36,051,000[17] Cash Flow - Operating cash flow net amount was HKD (12,236,000) for the six months ended September 30, 2025, compared to HKD (1,342,000) in the previous year, indicating a decline in cash flow from operations[9] - Investment activities resulted in a net cash outflow of HKD (11,344,000) for the six months ended September 30, 2025, compared to a net inflow of HKD 32,921,000 in the same period last year[9] - Total cash and cash equivalents at the end of the period were HKD 47,469,000, down from HKD 59,748,000 at the end of the same period last year[9] Business Segments - The mining and metals business generated revenue of approximately HKD 88,608,000 for the six months ending September 30, 2025, up from HKD 49,113,000 in the same period of 2024[69] - The software business generated segment revenue of HKD 35,281,000 for the six months ending September 30, 2025, compared to no revenue in the same period of 2024, with a segment profit of approximately HKD 131,000[64] - The group sold 3,400 ounces of processed precious metals during the period, with revenue of HKD 88,608,000 and gross profit of HKD 672,000, compared to 2,592 ounces, HKD 49,113,000, and HKD 365,000 respectively for the six months ending September 30, 2024[54] Strategic Initiatives - The company aims to enhance its market presence and explore new strategies for growth, although specific details on new products or technologies were not disclosed in the report[6] - Future guidance suggests a focus on expanding market presence and enhancing product offerings[8] - New product development initiatives are underway, aiming to leverage emerging technologies[8] - The company plans to explore strategic acquisitions to bolster its market position[8] - The software business is expected to continue significant growth, supported by strong demand from government and downstream software users, with plans to allocate more resources to expand the customer base and revenue sources[66] Shareholder Information - The total equity as of September 30, 2025, was HKD 944,653,000, with 505,932,270 shares issued and fully paid[41] - Major shareholder Starmax Holdings Limited, beneficially owned by Chen Yihui, holds 101,711,160 shares, accounting for 20.10% of the issued share capital[95] - As of September 30, 2025, the total shares held by executive director Chen Yihui amount to 148,302,360, representing 29.31% of the company's total issued shares[91] Governance and Compliance - The financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and have been reviewed by the company's audit committee[11] - The company has complied with the corporate governance code as per GEM listing rules as of September 30, 2025[102] - The audit committee consists of three independent non-executive directors who reviewed the interim results announcement[105] Market Trends and Future Outlook - Nickel prices on the London Metal Exchange showed a downward trend during the period, fluctuating between approximately USD 13,800 and USD 16,000 per metric ton, despite rising demand from electric vehicles and stainless steel industries[58] - The group anticipates obtaining approval from the National Development and Reform Commission for the development of the second phase of the Baishiquan copper-nickel mine by the end of 2025, with construction expected to commence in the second half of 2026[58] - The group is exploring potential collaboration opportunities for the issuance of a silver-backed digital currency with HashKey Token Limited and Aide Securities, pending approval from the Securities and Futures Commission[55]

Core Viewpoint - Tian Shi Resources (08028.HK) has announced recent progress regarding the development, deployment, and issuance of silver tokens based on a strategic cooperation memorandum, with a formal application submitted to the Securities and Futures Commission for approval of the silver token issuance [1] Company Summary - Tian Shi Resources' stock closed at HKD 0.32 on November 4, 2025, down 3.08%, with a trading volume of 1.163 million shares and a turnover of HKD 374,000 [1] - The company has a market capitalization of HKD 164 million, ranking 13th in the rare metals industry [1] Financial Metrics - Return on Equity (ROE): -46.23%, compared to the industry average of -6.08%, ranking 13th [1] - Market Capitalization: HKD 164 million, significantly lower than the industry average of HKD 8.983 billion, ranking 13th [1] - Revenue: HKD 97.364 million, compared to the industry average of HKD 19.08 billion, ranking 13th [1] - Net Profit Margin: -10.88%, better than the industry average of -25.65%, ranking 11th [1] - Gross Profit Margin: 0.24%, compared to the industry average of 5.95%, ranking 11th [1] - Risk Rate: 22.48%, significantly lower than the industry average of 47.12%, ranking 3rd [1]

Core Viewpoint - Tian Shi Resources (08028) has announced recent progress regarding the development, deployment, and issuance of silver tokens based on a strategic cooperation memorandum [1] Group 1: Application Submission - Ade Securities has formally submitted an application to the Securities and Futures Commission on November 3, 2025, seeking approval for the issuance of silver tokens [1] - The application includes a report prepared by Ade Securities outlining the terms and structure of the silver tokens [1] Group 2: Communication with Stakeholders - The company will issue further announcements to continuously inform shareholders and potential investors about significant developments, including the approval status [1]

Core Viewpoint - The company, Timely Resources (08028), has announced recent progress regarding the development, deployment, and issuance of silver tokens based on a strategic cooperation memorandum [1] Group 1: Company Developments - Timely Resources has reported that Ade Securities submitted an application to the Securities and Futures Commission on November 3, 2025, seeking approval for the issuance of silver tokens [1] - The application includes a report prepared by Ade Securities outlining the terms and structure of the silver tokens [1] - The company will provide further announcements to keep shareholders and potential investors informed about significant developments, including the approval status [1]

Core Viewpoint - Tian Shi Resources (08028.HK) has announced that Ade Securities submitted an application to the Securities and Futures Commission on November 3, 2025, seeking approval for the issuance of silver tokens under the Silver Era initiative [1] Group 1 - The application includes a report prepared by Ade Securities outlining the terms and structure of the silver tokens [1] - The company will issue further announcements to keep shareholders and potential investors informed about significant developments, including the approval status [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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 TIMELESS RESOURCES HOLDINGS LIMITED 天時資源控股有限公司 （於香港註冊成立的有限公司） （股份代號：8028） 業務更新 提交發行白銀代幣產品核准申請 茲提述天時資源控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）於二 零二五年八月二十日及二零二五年九月十八日刊發有關就戰略合作事宜訂立不具法律 約束力之戰略合作諒解備忘錄之公告（「該等公告」）。除另有界定外，本公告所用 詞彙與該等公告所界定者具有相同涵義。 1 白銀代幣發行申請可能或可能不獲證監會批准。 本 公 司 股 東 及 潛 在 投 資 者 於 買 賣 本 公 司證 券時 務 請 審 慎 行事 。 承董事會命 天時資源控股有限公司 主席 陳奕輝 香港，二零二五年十一月四日 本公告旨在向股東及潛在投資者提供有關根據戰略合作備忘錄開發、部署及發行白銀 代幣之近期進展之最新資訊。 本公司董事會（「董 事 會 」） ...

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10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: 天時資源控股有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 不適用 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 08028 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 505,932,270 | | 0 | | 505,932,270 | | 增加 / 減少 (-) | | | | | | | | | | 本月底結存 | | | | 505,932,270 | | 0 | | 5 ...

承董事會命 天時資源控股有限公司 主席 陳奕輝 香港，二零二五年十月三十日 執行董事: 陳奕輝先生（主席） 陳逸晉先生（行政總裁） 獨立非執行董事: 陳彩玲女士 林桂仁先生 余亮暉先生 香港交易及結算所有限公司及香港聯合交易所有限公司 （ 「聯交所」 ） 對本公佈之內容 概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或 任何部分內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 TIMELESS RESOURCES HOLDINGS LIMITED 天時資源控股有限公司 （於香港註冊成立的有限公司） （股份代號：8028） 董事會召開日期 天時資源控股有限公司（「本公司」）宣布，本公司董事會會議將於二零二五年十一 月十三日（星期四）舉行，藉以（其中包括）批准刊發本集團（包括本公司及其附屬 公司）截至二零二五年九月三十日止六個月之未經審核業績公告。 本公佈將由刊登日期起計最少七天於聯交所網頁 www.hkexnews.hk 之「最新上市公司公 告」頁面及本公司網站 www.timeless.com.hk 內刊登。 本公佈的資料乃遵照 GEM 上市規則而刊載，旨在提供有關本公司的 ...

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9月30日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 天時資源控股有限公司 | | | 呈交日期: | 2025年10月6日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 | 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) | 08028 | 說明 | | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | | 505,932,270 | | 0 | | 505,932,270 | | 增加 / 減少 (-) | | | | | | | | | | 本月底 ...