备注：持股数变动有可能因供股、合股、拆股等情况引起，请注意对照实际情况进行辨别。 | 股票名称 | 机构名称 | 性质 | 变动前持股 | 变动后持股 | 持股比 | | --- | --- | --- | --- | --- | --- | | 电子交易集团 | 聂凡淇 | 好仓 | 9804.00 万股 | 8522.00 万股 | 6.93%(最新) | | (08036) | | | | | 7.97%(前次) | | 电子交易集团 | Financial Data | 好仓 | 9804.00 万股 | 8522.00 万股 | 6.93%(最新) | | (08036) | Technologies Limited | | | | | | | | | | | 7.97%(前次) | | 神冠控股 | 周亚仙 | 好仓 | 16.27 亿股 | 16.31 亿股 | 50.50%(最新) | | (00829) | | | | | 50.37%(前次) | | 石药集团 | 蔡东晨 | 好仓 | 28.28 亿股 | 28.34 亿股 | 24.59%(最新) | | (01093) | | | | ...

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: 電子交易集團有限公司 呈交日期: 2025年10月2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) | 08036 | 說明 | | | | | | | | | 多櫃檯證券代號 | | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | | 0.001 HKD | | 5,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | | 0. ...

[Company Information](index=4&type=section&id=Company%20Information) [Company Overview](index=4&type=section&id=Company%20Information) This section provides fundamental company details, including board and committee compositions, auditors, bankers, registered office, and stock code - Board members include Executive Directors Mr. Chan Lap Tak (Chairman), Mr. Lo Chi Ho (CEO), Ms. Chan Ka Yan, and Independent Non-executive Directors Mr. Chan Chi Kwong, Mr. Liu Kin Sing, Mr. Au Yeung Po Fung[6](index=6&type=chunk) - Key Committee Chairmen: Audit Committee chaired by Mr. Au Yeung Po Fung, Remuneration Committee by Mr. Liu Kin Sing, Nomination Committee by Mr. Chan Lap Tak[6](index=6&type=chunk) - Company stock code is **8036**, and the website is www.ebrokersystems.com[7](index=7&type=chunk) [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (Unaudited)](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income%20(Unaudited)) [Interim Results Overview](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income%20(Unaudited)) For the six months ended June 30, 2025, the Group achieved a profit of HK$1.11 million, a significant improvement from a loss of HK$1.35 million in the prior year, primarily due to a turnaround in net other gains and losses despite a decrease in total revenue Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Key Data (For the six months ended June 30) | Indicators | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Revenue | 14,125 | 15,904 | | Other income | 253 | 551 | | Net other gains and losses | 2,263 | (373) | | Staff costs | (9,410) | (10,842) | | Operating profit/(loss) | 1,206 | (1,269) | | Profit/(loss) before tax | 1,107 | (1,314) | | Profit/(loss) for the period attributable to owners of the Company | 1,107 | (1,350) | | Basic earnings/(loss) per share (HK cents) | 0.1 | (0.12) | - Profit for the period attributable to owners of the Company turned from a **loss of HK$1,350 thousand** in the same period of 2024 to a **profit of HK$1,107 thousand** in the same period of 2025[8](index=8&type=chunk) - Net other gains and losses turned from a **loss of HK$373 thousand** in the same period of 2024 to a **gain of HK$2,263 thousand** in the same period of 2025, being the main driver of performance improvement[8](index=8&type=chunk) [Condensed Consolidated Statement of Financial Position (Unaudited)](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position%20(Unaudited)) [Financial Position Overview](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position%20(Unaudited)) As of June 30, 2025, the Group's net assets increased to HK$61.95 million, with stable net current assets; cash and cash equivalents significantly increased, while trade and other receivables decreased Condensed Consolidated Statement of Financial Position Key Data (As of June 30) | Indicators | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | **Non-current assets:** | | | | Property, plant and equipment | 11,173 | 11,238 | | Intangible assets | 8,131 | 6,814 | | Right-of-use assets | 2,619 | 3,425 | | Financial assets at fair value through other comprehensive income | 2,653 | 2,229 | | **Current assets:** | | | | Contract assets | 399 | 375 | | Trade and other receivables | 12,913 | 15,393 | | Financial assets at fair value through profit or loss | 10,389 | 8,154 | | Cash and cash equivalents | 19,965 | 9,645 | | **Current liabilities:** | | | | Trade and other payables | 3,084 | 2,941 | | Contract liabilities | 1,747 | 1,216 | | **Net assets** | **61,954** | **60,380** | - Cash and cash equivalents significantly increased from **HK$9,645 thousand** as of December 31, 2024, to **HK$19,965 thousand** as of June 30, 2025[10](index=10&type=chunk) - Intangible assets grew by **19.3%** to **HK$8,131 thousand**, while trade and other receivables decreased by **16.1%** to **HK$12,913 thousand**[10](index=10&type=chunk) [Condensed Consolidated Statement of Changes in Equity (Unaudited)](index=8&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity%20(Unaudited)) [Equity Movement Analysis](index=8&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity%20(Unaudited)) For the six months ended June 30, 2025, the Group's total equity increased to HK$61.95 million, primarily driven by the turnaround from a loss to a profit in total comprehensive income for the period and a significant improvement in the investment revaluation reserve Condensed Consolidated Statement of Changes in Equity Key Data (As of June 30) | Indicators | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Share capital | 1,230 | 1,230 | | Share premium | 61,921 | 61,921 | | Capital reserve | (54,333) | (54,333) | | Exchange fluctuation reserve | 419 | 473 | | Investment revaluation reserve | 147 | (581) | | Statutory reserve | 26 | 26 | | Shares held for share award scheme | (16,097) | (16,531) | | Share-based payment reserve | 162 | 59 | | Retained profits | 68,479 | 68,992 | | **Total equity** | **61,954** | **61,256** | - Total comprehensive income attributable to owners of the Company for the period turned from a **loss of HK$1,371 thousand** in the same period of 2024 to a **gain of HK$1,513 thousand** in the same period of 2025[13](index=13&type=chunk) - Investment revaluation reserve turned from a **loss of HK$581 thousand** in the same period of 2024 to a **gain of HK$147 thousand** in the same period of 2025, reflecting fair value changes of equity instruments at fair value through other comprehensive income[13](index=13&type=chunk) [Condensed Consolidated Statement of Cash Flows (Unaudited)](index=9&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows%20(Unaudited)) [Cash Flow Analysis](index=9&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows%20(Unaudited)) For the six months ended June 30, 2025, the net increase in cash and cash equivalents significantly grew, primarily due to a turnaround from net outflow to net inflow from operating activities and continued positive cash flow from investing activities Condensed Consolidated Statement of Cash Flows Key Data (For the six months ended June 30) | Indicators | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Net cash generated from/(used in) operating activities | 2,739 | (255) | | Net cash generated from investing activities | 8,312 | 7,551 | | Net cash used in financing activities | (886) | (787) | | Net increase in cash and cash equivalents | 10,165 | 1,897 | | Cash and cash equivalents at June 30 | 19,965 | 30,414 | - Net cash generated from operating activities turned from a **net outflow of HK$255 thousand** in the same period of 2024 to a **net inflow of HK$2,739 thousand** in the same period of 2025[14](index=14&type=chunk) - Net increase in cash and cash equivalents significantly increased from **HK$1,897 thousand** in the same period of 2024 to **HK$10,165 thousand** in the same period of 2025[14](index=14&type=chunk) [Notes to the Condensed Consolidated Financial Statements](index=10&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) [1. General Information](index=10&type=section&id=1.%20General%20Information) This note outlines the company's registration information and listing status - eBroker Systems Limited was incorporated in the Cayman Islands on May 23, 2016[15](index=15&type=chunk) - The Company's shares were listed on GEM of The Stock Exchange of Hong Kong Limited on February 19, 2019[15](index=15&type=chunk) [2. Basis of Preparation](index=10&type=section&id=2.%20Basis%20of%20Preparation) This note explains the basis for preparing the interim financial statements, emphasizing compliance with HKAS 34 and GEM Listing Rules, and consistency with annual financial statements - The unaudited condensed consolidated financial statements have been prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants[16](index=16&type=chunk) - The significant accounting policies adopted are consistent with those followed in the 2024 audited consolidated financial statements, except for new and revised standards[16](index=16&type=chunk) [3. Adoption of New and Revised Hong Kong Financial Reporting Standards](index=10&type=section&id=3.%20Adoption%20of%20New%20and%20Revised%20Hong%20Financial%20Reporting%20Standards) This note describes the company's adoption of new and revised HKFRSs and its assessment of their potential impact on the financial statements - The Directors believe that the adoption of new and revised HKFRSs effective for accounting periods beginning on January 1, 2025, will not have a significant impact on the results and financial position for the current and prior periods[17](index=17&type=chunk) - The Group is assessing the potential impact of HKFRSs that have not yet become effective or been early adopted[17](index=17&type=chunk) [4. Revenue](index=11&type=section&id=4.%20Revenue) This note details the Group's revenue by major product/service lines and geographical locations, showing a decrease in total revenue but growth in installation and customization services and mainland China market revenue Revenue Classification (For the six months ended June 30) | Product or Service Line | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Front-end trading solution services income | 6,921 | 8,027 | | Back-end settlement solution services income | 3,996 | 4,726 | | Installation and customization services income | 1,989 | 1,323 | | Managed cloud services income | 756 | 1,038 | | Others | 463 | 790 | | **Total** | **14,125** | **15,904** | Revenue by Major Geographical Market (For the six months ended June 30) | Region | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Hong Kong | 12,758 | 14,846 | | Macau | 302 | 598 | | Mainland China | 984 | 393 | | Singapore | 81 | 67 | | **Total** | **14,125** | **15,904** | - Installation and customization services income increased by **50.3%** year-on-year, while front-end trading and back-end settlement solution services income decreased by **13.8%** and **15.4%** respectively[19](index=19&type=chunk) [5. Other Income, and Net Other Gains and Losses](index=12&type=section&id=5.%20Other%20Income%2C%20and%20Net%20Other%20Gains%20and%20Losses) This note details the composition of other income and net other gains and losses, showing a decrease in other income but a significant increase in fair value gains on financial assets at fair value through profit or loss Other Income (For the six months ended June 30) | Indicators | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Bank interest income | 232 | 431 | | Dividend income from financial assets at fair value through profit or loss | 16 | 114 | | Government grants | 5 | 6 | | **Total** | **253** | **551** | - Fair value gains/(losses) on financial assets at fair value through profit or loss turned from a **loss of HK$373 thousand** in the same period of 2024 to a **gain of HK$2,263 thousand** in the same period of 2025[20](index=20&type=chunk) [6. Other Operating Expenses](index=12&type=section&id=6.%20Other%20Operating%20Expenses) This note provides a detailed breakdown of other operating expenses, showing a decrease in total, mainly due to reduced service costs, legal and professional fees, and net exchange gains Other Operating Expenses (For the six months ended June 30) | Indicators | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Service costs | 872 | 1,025 | | Amortisation of intangible assets | 669 | 669 | | Auditor's remuneration | 343 | 378 | | Legal and professional fees | 973 | 1,080 | | Office expenses | 818 | 729 | | Net exchange gains/(losses) | (205) | 140 | | **Total** | **4,797** | **5,359** | - Total other operating expenses decreased by **10.5%** year-on-year to **HK$4,797 thousand**[21](index=21&type=chunk) - Net exchange gains turned from a **loss of HK$140 thousand** in the same period of 2024 to a **gain of HK$205 thousand** in the same period of 2025[21](index=21&type=chunk) [7. Segment Information](index=13&type=section&id=7.%20Segment%20Information) This note states that the Group has only one reportable segment, providing financial software solution services, and presents revenue distribution by geographical location - The Group has only one reportable segment, which is the provision of services to the Group's customers[22](index=22&type=chunk) Revenue by Geographical Location (For the six months ended June 30) | Region | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Hong Kong | 12,758 | 14,846 | | Macau | 302 | 598 | | Mainland China | 984 | 393 | | Singapore | 81 | 67 | | **Total** | **14,125** | **15,904** | - During the period, no individual customer contributed more than **10%** of the Group's total revenue[22](index=22&type=chunk) [8. Income Tax Expense](index=14&type=section&id=8.%20Income%20Tax%20Expense) This note explains why income tax expense is zero, mainly due to tax losses incurred by Chinese subsidiaries and the taxable profit situation under the Hong Kong profits tax regime Income Tax Expense (For the six months ended June 30) | Indicators | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Current tax – Hong Kong profits tax | – | 36 | - Income tax expense for the same period in 2025 was **zero HKD**, a **100%** decrease from **HK$36 thousand** in the same period of 2024[23](index=23&type=chunk) - No provision was made for the period as the Chinese subsidiary incurred tax losses[23](index=23&type=chunk) [9. Profit/(Loss) for the Period](index=14&type=section&id=9.%20Profit%2F(Loss)%20for%20the%20Period) This note details the deductions and inclusions affecting the Group's profit or loss for the period, including depreciation, reversal of impairment losses, and finance costs [9(a) Profit/(Loss) for the Period is Stated After Charging/(Crediting) the Following](index=14&type=section&id=9(a)%20Profit%2F(Loss)%20for%20the%20Period%20is%20Stated%20After%20Charging%2F(Crediting)%20the%20Following) This sub-section lists specific items deducted or credited when calculating profit/loss for the period Profit/(Loss) for the Period Adjustments (For the six months ended June 30) | Indicators | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Auditor's remuneration | 343 | 378 | | Cost of inventories sold | – | 4 | | Depreciation of property, plant and equipment | 422 | 420 | | Depreciation of right-of-use assets | 806 | 726 | | Net reversal of impairment loss on trade receivables | (171) | (7) | - Net reversal of impairment loss on trade receivables increased from **HK$7 thousand** in the same period of 2024 to **HK$171 thousand** in the same period of 2025[24](index=24&type=chunk) [9(b) Finance Costs](index=15&type=section&id=9(b)%20Finance%20Costs) This sub-section explains the finance costs for the period, primarily interest expense on lease liabilities Finance Costs (For the six months ended June 30) | Indicators | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Interest expense on lease liabilities | 99 | 45 | - Interest expense on lease liabilities increased from **HK$45 thousand** in the same period of 2024 to **HK$99 thousand** in the same period of 2025[25](index=25&type=chunk) [10. Earnings/(Loss) Per Share](index=15&type=section&id=10.%20Earnings%2F(Loss)%20Per%20Share) This note provides the calculation method for basic earnings per share, reflecting the company's shift from loss to profit per share Basic Earnings/(Loss) Per Share (For the six months ended June 30) | Indicators | 2025 (HK$'000/thousand shares) | 2024 (HK$'000/thousand shares) | | :--- | :--- | :--- | | Profit/(loss) attributable to owners of the Company | 1,107 | (1,350) | | Weighted average number of ordinary shares (thousand shares) | 1,147,095 | 1,144,860 | | Basic earnings/(loss) per share (HK cents) | 0.1 | (0.12) | - Diluted earnings/(loss) per share was not calculated as there were no potentially dilutive ordinary shares[26](index=26&type=chunk) [11. Dividends](index=15&type=section&id=11.%20Dividends) This note states that the board of directors does not recommend any dividend for this interim period - The Directors do not recommend the payment of any dividend for the six months ended June 30, 2025 (2024: nil HKD)[27](index=27&type=chunk) [12. Contract Assets and Contract Liabilities](index=16&type=section&id=12.%20Contract%20Assets%20and%20Contract%20Liabilities) This note explains the changes in contract assets and contract liabilities, reflecting an increase in completed but unbilled work and advance payments for installation projects [12(a) Contract Assets](index=16&type=section&id=12(a)%20Contract%20Assets) This sub-section explains the nature of contract assets and the reasons for their increase Contract Assets (As of June 30) | Indicators | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Contract assets related to provision of services | 399 | 375 | - The increase in contract assets was mainly due to an increase in work completed but not yet billed as of June 30, 2025[28](index=28&type=chunk) [12(b) Contract Liabilities](index=16&type=section&id=12(b)%20Contract%20Liabilities) This sub-section explains the composition of contract liabilities and the reasons for their increase, and lists the revenue recognition related to contract liabilities Contract Liabilities (As of June 30) | Indicators | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Contract liabilities related to provision of services | 1,747 | 1,216 | - The increase in contract liabilities was mainly due to an overall increase in installation projects[29](index=29&type=chunk) - Revenue recognised during the period related to contract liabilities balance at the beginning of the period was **HK$743 thousand** (2024: **HK$929 thousand**)[30](index=30&type=chunk) [13. Trade and Other Receivables](index=18&type=section&id=13.%20Trade%20and%20Other%20Receivables) This note provides a detailed breakdown, aging analysis, and currency denomination of trade and other receivables, showing a significant decrease in amounts due from brokers Overview of Trade and Other Receivables (As of June 30) | Indicators | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Trade receivables (net of impairment loss) | 2,813 | 2,712 | | Prepayments, deposits and other receivables | 1,402 | 1,447 | | Amounts due from brokers | 8,852 | 11,387 | | **Total** | **13,728** | **16,208** | - Amounts due from brokers decreased from **HK$11,387 thousand** as of December 31, 2024, to **HK$8,852 thousand** as of June 30, 2025, with a significant reduction in amounts owed by companies beneficially owned by Mr. Chan Lap Tak[31](index=31&type=chunk)[32](index=32&type=chunk) Aging Analysis of Trade Receivables (As of June 30) | Aging | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | 0 to 30 days | 1,976 | 1,174 | | 31 to 60 days | 212 | 347 | | 61 to 90 days | 118 | 267 | | 91 to 120 days | 144 | 386 | | Over 120 days | 363 | 538 | | **Total** | **2,813** | **2,712** | [14. Trade and Other Payables](index=19&type=section&id=14.%20Trade%20and%20Other%20Payables) This note lists the composition, aging analysis, and currency denomination of trade and other payables, showing a slight increase in total Overview of Trade and Other Payables (As of June 30) | Indicators | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | Trade payables | 177 | 214 | | Accruals and other payables | 2,907 | 2,727 | | **Total** | **3,084** | **2,941** | Aging Analysis of Trade Payables (As of June 30) | Aging | 2025 (HK$'000) | 2024 (HK$'000) | | :--- | :--- | :--- | | 0 to 30 days | 101 | 136 | | 31 to 60 days | 74 | 76 | | 61 to 90 days | – | – | | Over 90 days | 2 | 2 | | **Total** | **177** | **214** | - Total trade and other payables increased from **HK$2,941 thousand** as of December 31, 2024, to **HK$3,084 thousand** as of June 30, 2025[34](index=34&type=chunk) [15. Share Capital](index=20&type=section&id=15.%20Share%20Capital) This note elaborates on the Group's capital management objectives and the Company's authorised and issued share capital structure, including shares held under the share award scheme [The Group](index=20&type=section&id=The%20Group) This sub-section describes the Group's capital management objectives and strategies - The Group's capital management objective is to ensure its ability to continue as a going concern and maximise returns to shareholders by optimising the debt and equity balance[36](index=36&type=chunk) - As of June 30, 2025, the Group's total liabilities to total assets ratio was approximately **10.9%** (December 31, 2024: approximately **12.44%**)[36](index=36&type=chunk) [The Company](index=21&type=section&id=The%20Company) This sub-section provides detailed information on the Company's authorised and issued share capital Share Capital Structure (As of June 30) | Indicators | Par Value (HKD) | Number of Shares (thousand shares) | Amount (HK$'000) | | :--- | :--- | :--- | :--- | | Authorised ordinary shares | 0.001 | 5,000,000 | 5,000 | | Issued and fully paid ordinary shares | 0.001 | 1,230,000 | 1,230 | - As of June 30, 2025, the total number of shares included **82,905,000 shares** held by the trustee under the share award scheme[37](index=37&type=chunk) [16. Right-of-Use Assets](index=22&type=section&id=16.%20Right-of-Use%20Assets) This note reports changes in right-of-use assets, including additions and depreciation expense during the period - For the six months ended June 30, 2025, the Group added approximately **nil HKD** in right-of-use assets (December 31, 2024: **HK$947 thousand**)[38](index=38&type=chunk) - Depreciation expense for right-of-use assets of approximately **HK$806 thousand** was recognised during the period (December 31, 2024: approximately **HK$1,508 thousand**)[38](index=38&type=chunk) [17. Property, Plant and Equipment](index=22&type=section&id=17.%20Property%2C%20Plant%20and%20Equipment) This note discloses the Group's capital expenditure on property, plant and equipment - For the six months ended June 30, 2025, the Group purchased approximately **HK$40 thousand** of property, plant and equipment (December 31, 2024: approximately **HK$53 thousand**)[39](index=39&type=chunk) [18. Intangible Assets](index=22&type=section&id=18.%20Intangible%20Assets) This note reports the Group's capitalised development costs, recognised as intangible assets during the period - For the six months ended June 30, 2025, the Group capitalised development costs of approximately **HK$1,986 thousand** (December 31, 2024: approximately **HK$3,348 thousand**)[40](index=40&type=chunk) [19. Reserves](index=22&type=section&id=19.%20Reserves) This note indicates that the amounts and changes in reserves can be found in the condensed consolidated statement of changes in equity - The amounts and corresponding movements of the Group's reserves for the current period and the same period in 2024 are presented in the unaudited condensed consolidated statement of changes in equity in this report[41](index=41&type=chunk) [20. Contingent Liabilities](index=22&type=section&id=20.%20Contingent%20Liabilities) This note confirms that the Group had no significant contingent liabilities as of the reporting period end - As of June 30, 2025, the Group had no significant contingent liabilities[41](index=41&type=chunk) [21. Events After the Reporting Period](index=22&type=section&id=21.%20Events%20After%20the%20Reporting%20Period) This note states that no significant events occurred from the end of the reporting period to the date of this report - No significant events occurred after June 30, 2025, and up to the date of this report[42](index=42&type=chunk) [22. Approval of Financial Statements](index=22&type=section&id=22.%20Approval%20of%20Financial%20Statements) This note specifies the approval date of the condensed consolidated financial statements - The condensed consolidated financial statements for the six months ended June 30, 2025, were approved and authorised for issue by the Board of Directors on August 28, 2025[43](index=43&type=chunk) [Management Discussion and Analysis](index=23&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=23&type=section&id=Business%20Review) The Group primarily provides financial software solutions to Hong Kong financial institutions; for the six months ended June 30, 2025, revenue decreased by 11.2% year-on-year, but profit attributable to owners of the Company turned from a loss to a profit, increasing by 182%, mainly due to increased non-recurring installation and customization services and other income growth - The Group is principally engaged in providing financial software solution services to financial institutions in Hong Kong, including front-end trading, back-end settlement, installation and customization, and managed cloud services[44](index=44&type=chunk) - For the six months ended June 30, 2025, revenue was approximately **HK$14.1 million**, a decrease of **11.2%** compared to the same period last year[44](index=44&type=chunk) - Profit attributable to owners of the Company was approximately **HK$1.1 million**, an increase of approximately **182%** compared to a loss of **HK$1.4 million** in the same period last year, mainly attributable to an increase of approximately **HK$0.7 million** in non-recurring installation and customization services and an increase of **HK$2.6 million** in other income[44](index=44&type=chunk) [Outlook](index=23&type=section&id=Outlook) Looking ahead, the Group will continue to navigate macroeconomic uncertainties and seize opportunities from technological advancements and innovation to achieve sustainable business growth and long-term shareholder interests - The macroeconomic environment will continue to face uncertainties arising from ongoing geopolitical developments and rapid technological innovation[45](index=45&type=chunk) - The Group will continue to face challenges while seizing opportunities brought by technological advancements and innovation to achieve sustainable business growth and long-term shareholder interests[45](index=45&type=chunk) [Financial Review](index=24&type=section&id=Financial%20Review) This section provides a detailed review of the Group's financial performance, including changes and key reasons for revenue, inventories, profit before tax, other income, staff costs, depreciation, other operating expenses, and income tax expense [Revenue](index=24&type=section&id=Revenue) The Group's total revenue decreased by 11.2% year-on-year, mainly due to reduced back-end settlement solution services income and front-end trading solution services income - For the six months ended June 30, 2025, the Group recorded revenue of approximately **HK$14.1 million**, a decrease of approximately **11.2%** compared to the same period last year[47](index=47&type=chunk) - Back-end settlement solution services income decreased by approximately **15.4%** to approximately **HK$4.0 million**, and front-end trading solution services income decreased by approximately **13.8%** to approximately **HK$6.9 million**[47](index=47&type=chunk) [Purchase and Changes in Inventories](index=24&type=section&id=Purchase%20and%20Changes%20in%20Inventories) Inventory purchases and changes were nil for the period, indicating no product sales by the Group - The Group's purchase and changes in inventories for the six months ended June 30, 2025, were **nil HKD**, a decrease of approximately **100%** compared to the same period last year[48](index=48&type=chunk) - This decrease was mainly due to the Group having no product sales for the six months ended June 30, 2025[48](index=48&type=chunk) [Profit Before Tax](index=25&type=section&id=Profit%20Before%20Tax) The Group's profit before tax turned from a loss to a profit compared to the same period last year, mainly due to a significant increase in other income - The Group's profit before tax for the six months ended June 30, 2025, was approximately **HK$1.1 million**, an increase of approximately **184.2%** compared to a loss before tax of approximately **HK$1.3 million** in the same period last year[49](index=49&type=chunk) - This increase was mainly due to an increase of approximately **HK$2.6 million** in other income for the six months ended June 30, 2025[49](index=49&type=chunk) [Other Income](index=25&type=section&id=Other%20Income) The Group's other income decreased, mainly due to reduced bank interest income and dividend income from financial assets - The Group's other income decreased from approximately **HK$551 thousand** in the same period last year to approximately **HK$253 thousand**[50](index=50&type=chunk) - This was due to a decrease of approximately **HK$199 thousand** in interest income and a decrease of approximately **HK$98 thousand** in dividend income[50](index=50&type=chunk) [Staff Costs](index=25&type=section&id=Staff%20Costs) Staff costs decreased during the period - For the six months ended June 30, 2025, the Group's staff costs decreased by approximately **HK$1.4 million** to approximately **HK$9.4 million** (2024: approximately **HK$10.8 million**)[51](index=51&type=chunk) [Depreciation](index=25&type=section&id=Depreciation) Depreciation expense slightly increased during the period - The Group's depreciation for the six months ended June 30, 2025, increased by approximately **HK$82 thousand**, from **HK$1.1 million** in the same period last year to approximately **HK$1.2 million**, an increase of approximately **7.2%**[52](index=52&type=chunk) [Other Operating Expenses](index=25&type=section&id=Other%20Operating%20Expenses) The Group's total other operating expenses decreased, mainly due to reduced legal and professional fees, service costs, and net exchange gains - The Group's other operating expenses for the six months ended June 30, 2025, were approximately **HK$4.8 million**, a decrease of approximately **10.5%** compared to the same period last year[53](index=53&type=chunk) - The decrease was mainly attributable to a reduction of approximately **HK$0.1 million** in legal and professional fees, a reduction of approximately **HK$0.2 million** in service costs, and a reduction of approximately **HK$0.3 million** in exchange losses[53](index=53&type=chunk) [Income Tax Expense](index=25&type=section&id=Income%20Tax%20Expense) Income tax expense for the period was nil, mainly due to tax losses incurred by Chinese subsidiaries - The Group's income tax expense for the six months ended June 30, 2025, was approximately **nil HKD**, a decrease of approximately **100%** compared to the same period last year[54](index=54&type=chunk) - This decrease was due to the Chinese subsidiary incurring tax losses during the period, hence no provision was made for the period[23](index=23&type=chunk)[54](index=54&type=chunk) [Profit for the Period Attributable to Owners of the Company](index=26&type=section&id=Profit%20for%20the%20Period%20Attributable%20to%20Owners%20of%20the%20Company) Profit attributable to owners of the Company turned from a loss to a profit compared to the same period last year, driven primarily by an increase in other income - Profit for the period attributable to owners of the Company for the six months ended June 30, 2025, was approximately **HK$1.1 million**, an increase of approximately **182.0%** compared to a loss of approximately **HK$1.4 million** in the same period last year[56](index=56&type=chunk) - The increase was mainly attributable to an increase of approximately **HK$2.6 million** in other income for the six months ended June 30, 2025[56](index=56&type=chunk) [Liquidity and Financial Resources](index=26&type=section&id=Liquidity%20and%20Financial%20Resources) The Group's operations are primarily funded by cash generated from operations, net current assets remain stable, and there were no interest-bearing borrowings at period-end - The Group's operations are primarily funded by cash generated from operating activities[57](index=57&type=chunk) - As of June 30, 2025, the Group recorded net current assets of approximately **HK$37.5 million** (December 31, 2024: approximately **HK$37.4 million**)[57](index=57&type=chunk) - As of June 30, 2025, the Group had no interest-bearing or non-interest-bearing borrowings[57](index=57&type=chunk) [Key Risks and Uncertainties](index=26&type=section&id=Key%20Risks%20and%20Uncertainties) The Group faces key risks including failure of R&D to keep pace with technological advancements, trade receivables recovery risk, and financial risks such as credit, liquidity, and interest rate risks - The Group's research and development may not keep pace with technological advancements essential for maintaining its competitiveness[58](index=58&type=chunk) - The Group may not be able to recover its trade receivables in a timely manner and may have to record impairment losses[58](index=58&type=chunk) - The Group's business faces various financial risks, including credit risk, liquidity risk, and interest rate risk[58](index=58&type=chunk) [Capital Structure](index=27&type=section&id=Capital%20Structure) The Company's capital structure has remained unchanged since its GEM listing in 2019, primarily consisting of issued share capital and reserves - The shares were listed on GEM of the Stock Exchange on February 19, 2019; since then, the Company's capital structure has remained unchanged[59](index=59&type=chunk) - As of June 30, 2025, the Company's capital structure primarily comprised issued share capital and reserves[59](index=59&type=chunk) [Purchase, Sale or Redemption of Securities by the Company and its Subsidiaries](index=27&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20Securities%20by%20the%20Company%20and%20its%20Subsidiaries) During the period, neither the Company nor its subsidiaries engaged in any purchase, sale, or redemption of securities - For the six months ended June 30, 2025, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's securities, convertible securities, options, warrants, or similar rights[60](index=60&type=chunk) [Issue of Securities or Sale of Treasury Shares](index=27&type=section&id=Issue%20of%20Securities%20or%20Sale%20of%20Treasury%20Shares) During the period, neither the Company nor its subsidiaries issued any equity securities or sold any treasury shares for cash - For the six months ended June 30, 2025, neither the Company nor any of its subsidiaries issued any equity securities, convertible securities, options, warrants, or similar rights of the Company, nor sold any treasury shares for cash[61](index=61&type=chunk) [Pledged Assets](index=27&type=section&id=Pledged%20Assets) As of the reporting period end, the Group had no pledged assets - As of June 30, 2025, the Group had no pledged assets (December 31, 2024: nil HKD)[62](index=62&type=chunk) [Material Acquisitions and Disposals](index=27&type=section&id=Material%20Acquisitions%20and%20Disposals) During the period, the Group did not undertake any material investments, acquisitions, or disposals - For the six months ended June 30, 2025, the Group did not make any material investments or material acquisitions and disposals of subsidiaries[63](index=63&type=chunk) [Capital Commitments and Contingent Liabilities](index=27&type=section&id=Capital%20Commitments%20and%20Contingent%20Liabilities) As of the reporting period end, the Group had no significant capital commitments or contingent liabilities - As of June 30, 2025, the Group had no significant capital commitments or contingent liabilities[64](index=64&type=chunk) [Exchange Rate Fluctuation Risk](index=27&type=section&id=Exchange%20Rate%20Fluctuation%20Risk) The Group's revenue and costs are primarily denominated in HKD, with some costs in RMB; there is currently no foreign currency hedging policy, but the Board continuously monitors related risks - The Group's revenue and costs are primarily denominated in HKD, with some costs denominated in RMB[65](index=65&type=chunk) - The Group currently has no foreign currency hedging policy; however, the Directors continuously monitor the relevant foreign exchange risks and will consider hedging the Group's foreign currency risks when necessary[65](index=65&type=chunk) [Credit Risk](index=28&type=section&id=Credit%20Risk) The Group's credit risk primarily arises from cash and receivables, managed through cooperation with recognised banks and strict credit policies, with no significant credit risk expected - The Group's credit risk primarily arises from cash and cash equivalents and receivables and contract assets from contracts with customers[67](index=67&type=chunk) - Management expects no significant credit risk as all bank balances are deposited with recognised banks in Hong Kong, coupled with the Group's comprehensive credit policy[67](index=67&type=chunk) [Liquidity Risk](index=28&type=section&id=Liquidity%20Risk) The Group ensures sufficient cash reserves to meet short-term and long-term liquidity needs by continuously monitoring funding and anticipated liquidity requirements - The Group's policy is to continuously monitor funding and anticipated liquidity requirements to ensure sufficient cash reserves to meet the Group's short-term and long-term liquidity needs[68](index=68&type=chunk) [Interest Rate Risk](index=28&type=section&id=Interest%20Rate%20Risk) The Group's interest rate risk primarily stems from bank deposits, but with no other interest-bearing assets and liabilities, its income and operating cash flows are not significantly affected by floating interest rate changes - The Group's interest rate risk arises from its bank deposits, which bear floating interest rates depending on market conditions[69](index=69&type=chunk) - The Group has no significant interest rate risk, and its income and operating cash flows are largely unaffected by changes in floating interest rates[69](index=69&type=chunk) [Human Resources and Remuneration Policy](index=28&type=section&id=Human%20Resources%20and%20Remuneration%20Policy) The Group has 51 full-time employees, with remuneration policies based on qualifications, performance, and market conditions, and provides training; total employee benefits expense for the period was approximately HK$7.4 million - As of June 30, 2025, the Group had **51** (2024: **55**) full-time employees[70](index=70&type=chunk) - The remuneration of the Group's employees is determined based on a range of factors, including their qualifications, functions, experience, job performance, and local market conditions[70](index=70&type=chunk) - For the six months ended June 30, 2025, the Group's total employee benefits expense (including salaries, bonuses, allowances, and contributions to retirement benefit schemes) was stable at approximately **HK$7.4 million** (2024: approximately **HK$10.8 million**)[70](index=70&type=chunk) [Changes in Board Members](index=28&type=section&id=Changes%20in%20Board%20Members) During the period, Ms. Chan Ka Yan was appointed as an Executive Director of the Company - Ms. Chan Ka Yan was appointed as an Executive Director of the Company with effect from May 13, 2024[71](index=71&type=chunk) [Material Investments and Plans for Material Investments or Capital Assets](index=29&type=section&id=Material%20Investments%20and%20Plans%20for%20Material%20Investments%20or%20Capital%20Assets) Except as disclosed in this report, the Group has no other material investments or capital asset plans - Save as disclosed herein, the Group has no material investments and no other future plans for material investments or capital assets[72](index=72&type=chunk) [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures](index=29&type=section&id=Directors'%20and%20Chief%20Executive's%20Interests%20and%20Short%20Positions%20in%20Shares%2C%20Underlying%20Shares%20and%20Debentures) This section discloses the long positions of Directors and chief executives in the Company's shares as of June 30, 2025 Directors' and Chief Executive's Long Positions in Shares (As of June 30, 2025) | Name of Director | Capacity and Nature of Interest | Number of Shares Held | Approximate Percentage of Issued Shares | | :--- | :--- | :--- | :--- | | Mr. Chan Lap Tak | Interest of spouse | 2,291,420 | 0.19% | | Ms. Chan Ka Yan | Beneficial interest | 2,240,000 | 0.18% | | Mr. Lo Chi Ho | Beneficial interest | 12,210,010 | 0.99% | - Mr. Lo Chi Ho's interests include **1,190,000 award shares** vested in Mr. Lo on January 9, 2023, and **210,000 award shares** granted on January 20, 2022, and vested on December 31, 2023[74](index=74&type=chunk) [Substantial Shareholders' Interests and Short Positions in Shares, Underlying Shares and Debentures](index=30&type=section&id=Substantial%20Shareholders'%20Interests%20and%20Short%20Positions%20in%20Shares%2C%20Underlying%20Shares%20and%20Debentures) This section lists the long positions of substantial shareholders (excluding Directors and chief executives) in the Company's shares as of June 30, 2025 Substantial Shareholders' Long Positions in Shares (As of June 30, 2025) | Name/Company Name | Capacity and Nature of Interest | Number of Shares Held | Approximate Percentage of Issued Shares | | :--- | :--- | :--- | :--- | | Quantsmile (BVI) Limited | Beneficial interest | 411,902,870 | 33.49% | | As Eagle Corporate Advisory Limited | Beneficial interest/Interest in controlled corporation | 714,676,910 | 58.10% | | Good Steward Foundation | Interest in controlled corporation | 714,676,910 | 58.10% | | Financial Data Technologies Limited | Beneficial interest | 98,040,000 | 7.97% | | Mr. Nie Fanqi | Interest in controlled corporation | 98,040,000 | 7.97% | | Bank of Communications Trustee Limited | Trustee | 82,905,000 | 6.74% | - As Eagle Corporate Advisory Limited and Good Steward Foundation indirectly hold a significant number of shares through control relationships, with Good Steward Foundation holding approximately **95.24%** interest in As Eagle Corporate Advisory[76](index=76&type=chunk) - Bank of Communications Trustee Limited is the trustee appointed by the Company for the share award scheme[78](index=78&type=chunk) [Share Option Scheme](index=31&type=section&id=Share%20Option%20Scheme) The Company adopted a share option scheme in 2019, but no share options have been granted since its adoption - The Company adopted a share option scheme on January 22, 2019[79](index=79&type=chunk) - No share options have been granted since the adoption date of the share option scheme[79](index=79&type=chunk) - As of June 30, 2025, the limit on the number of share options available for grant under the share option scheme was **80,100,000**[79](index=79&type=chunk) [Share Award Scheme](index=31&type=section&id=Share%20Award%20Scheme) The Company adopted a share award scheme in 2019, with a trustee holding shares on behalf of participants; as of June 30, 2025, the trustee held 82,905,000 shares, and 5,040,000 award shares were granted to selected individuals during the period - On August 12, 2019, the Company adopted a share award scheme[80](index=80&type=chunk) - As of June 30, 2025, the trustee held **82,905,000 shares** under the share award scheme[80](index=80&type=chunk) - On May 13, 2024, the Board resolved to grant a total of **5,040,000 award shares** to **13 selected individuals** under the share award scheme, to be vested in two tranches[82](index=82&type=chunk) [Competing Interests and Non-Competition Undertaking](index=33&type=section&id=Competing%20Interests%20and%20Non-Competition%20Undertaking) Each controlling shareholder has entered into a non-competition undertaking and confirmed that as of the reporting date, neither the Directors nor controlling shareholders have any interests that compete with the Group's business - Each controlling shareholder entered into a non-competition undertaking with the Company as beneficiary on January 22, 2019[83](index=83&type=chunk) - For the six months ended June 30, 2025, and up to the date of this report, none of the Directors or controlling shareholders or their close associates had any interests in any business that competes or may compete, directly or indirectly, with the Group's business[83](index=83&type=chunk) [Corporate Governance Practices](index=33&type=section&id=Corporate%20Governance%20Practices) The Company is committed to high standards of corporate governance and has adopted and complied with the Corporate Governance Code set out in Appendix C1 of the GEM Listing Rules - The Company is committed to achieving high standards of corporate governance[84](index=84&type=chunk) - For the six months ended June 30, 2025, the Company adopted and complied with the principles and code provisions of the Corporate Governance Code set out in Appendix C1 of the GEM Listing Rules[84](index=84&type=chunk) [Directors' Securities Transactions](index=33&type=section&id=Directors'%20Securities%20Transactions) The Company has adopted a code of conduct for Directors' securities transactions and confirmed that all Directors complied with it during the reporting period - The Company has adopted the required standard of dealings set out in Rules 5.48 to 5.67 of the GEM Listing Rules as the code of conduct for Directors' securities transactions[85](index=85&type=chunk) - Following specific enquiries made to all Directors, all Directors confirmed that they had complied with the required standard of dealings for the six months ended June 30, 2025, and no incidents of non-compliance with the required standard of dealings were reportable[85](index=85&type=chunk) [Events After the Reporting Period](index=34&type=section&id=Events%20After%20the%20Reporting%20Period) No significant events occurred for the Company or the Group from the end of the reporting period to the date of this report - No significant events occurred for the Company or the Group after June 30, 2025, and up to the date of this report[87](index=87&type=chunk) [Audit Committee](index=34&type=section&id=Audit%20Committee) The Audit Committee has reviewed this interim report and financial results, confirming compliance with applicable accounting standards and listing rules - The Company's Audit Committee has reviewed this report and the Group's unaudited condensed consolidated financial results for the six months ended June 30, 2025[88](index=88&type=chunk) - The Committee is of the opinion that these results were prepared in accordance with applicable accounting standards, the GEM Listing Rules, and other applicable legal requirements, and adequate disclosures have been made[88](index=88&type=chunk) [Dividends](index=34&type=section&id=Dividends) The Board of Directors does not recommend any dividend for this interim period - The Directors do not recommend the payment of any dividend for the six months ended June 30, 2025 (2024: nil HKD)[89](index=89&type=chunk) [Definitions](index=35&type=section&id=Definitions) [Definitions of Terms](index=35&type=section&id=Definitions%20of%20Terms) This section provides definitions for key terms and abbreviations used in the report to ensure consistent understanding of the content - Lists key terms and their definitions used in the report, such as "Board", "China", "Company", "Controlling Shareholder", "GEM Listing Rules", "Group", "HKD", "Shares", "Share Award Scheme", "Share Option Scheme", "Stock Exchange", etc[90](index=90&type=chunk)[92](index=92&type=chunk)

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8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: 電子交易集團有限公司 呈交日期: 2025年9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) | 08036 | 說明 | | | | | | | | | 多櫃檯證券代號 | | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.001 | HKD | | 5,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.001 ...

Group 1 - The company reported a revenue of 14.125 million HKD for the mid-year of 2025, representing a year-on-year decline of 11.2% [1] - The net profit for the period was 1.107 million HKD, a significant improvement from a loss of 1.35 million HKD in the same period last year [1] - The basic earnings per share were reported at 0.01 HKD [1]

Core Insights - The electronic trading group (08036) reported a revenue of HKD 14.125 million for the mid-year of 2025, representing a year-on-year decline of 11.2% [1] - The net profit for the period was HKD 1.107 million, a significant improvement from a loss of HKD 1.35 million in the same period last year [1] - The basic earnings per share stood at HKD 0.001 [1]

[Report Statement and Company Information](index=1&type=section&id=Report%20Statement%20and%20Company%20Information) [Interim Results Announcement](index=1&type=section&id=Interim%20Results%20Announcement) This announcement presents the unaudited interim results of eBroker Systems Limited and its subsidiaries for the six months ended June 30, 2025, complying with GEM Listing Rules and providing company details - The company released its unaudited interim results announcement for the six months ended June 30, 2025, on **August 28, 2025**[3](index=3&type=chunk) - The announcement contains the full 2025 interim report, complying with the GEM Listing Rules of the Stock Exchange[3](index=3&type=chunk) - The Board of Directors includes Executive Directors Mr. Chan Lap Tak (Chairman), Mr. Lo Chi Ho, Ms. Chan Ka Yan, and Independent Non-executive Directors Mr. Chan Chi Kwong, Mr. Liu Kin Sing, and Mr. Au Yeung Po Fung[5](index=5&type=chunk) [Characteristics of GEM](index=3&type=section&id=Characteristics%20of%20GEM) This section outlines the features of the GEM market, highlighting its platform for small and medium-sized companies with higher investment risks and advising investors to prudently assess potential volatility and liquidity risks - The GEM market provides a listing platform for small and medium-sized companies with **higher investment risks** compared to other listed companies on the Stock Exchange[9](index=9&type=chunk) - Investors should understand the potential risks of investing in GEM companies and make investment decisions cautiously[9](index=9&type=chunk) - GEM securities may be subject to **significant market volatility** and high liquidity cannot be guaranteed[9](index=9&type=chunk) [Company Information](index=5&type=section&id=Company%20Information) [Board of Directors and Corporate Structure](index=5&type=section&id=Board%20of%20Directors%20and%20Corporate%20Structure) This section lists the company's Board members, including executive and independent non-executive directors, company secretary, compliance officer, authorized representatives, and the composition of audit, remuneration, and nomination committees - Executive Directors include Chairman Mr. Chan Lap Tak, Chief Executive Officer Mr. Lo Chi Ho, and Ms. Chan Ka Yan[13](index=13&type=chunk) - Independent Non-executive Directors are Mr. Chan Chi Kwong, Mr. Liu Kin Sing, and Mr. Au Yeung Po Fung[13](index=13&type=chunk) - The Audit Committee Chairman is Mr. Au Yeung Po Fung, the Remuneration Committee Chairman is Mr. Liu Kin Sing, and the Nomination Committee Chairman is Mr. Chan Lap Tak[13](index=13&type=chunk) [Key Contact and Registration Information](index=5&type=section&id=Key%20Contact%20and%20Registration%20Information) This section provides key contact and registration details, including the company's auditor, principal bankers, registered office, principal place of business in Hong Kong, legal advisors, share registrar, stock code, and website - The company's auditor is **Kadorie CPA Limited**[13](index=13&type=chunk) - The company's registered office is in the Cayman Islands, with its principal place of business in Hong Kong at Global Financial Centre North Tower, Canton Road, Tsim Sha Tsui, Kowloon[13](index=13&type=chunk) - The company's stock code is **8036**, and its official website is **www.ebrokersystems.com**[14](index=14&type=chunk) [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (Unaudited)](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income%20%28Unaudited%29) [Performance Overview for the Six Months Ended June 30, 2025](index=7&type=section&id=Performance%20Overview%20for%20the%20Six%20Months%20Ended%20June%2030,%202025) For the six months ended June 30, 2025, the Group achieved a profit of HK$1.107 million, a significant improvement from a loss of HK$1.350 million in the prior period, primarily driven by a substantial increase in net other gains despite a decrease in revenue Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Key Data | Indicator | Six Months Ended June 30, 2025 (HK$ thousand) | Six Months Ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Revenue | 14,125 | 15,904 | | Other income | 253 | 551 | | Net other gains and losses | 2,263 | (373) | | Operating profit/(loss) | 1,206 | (1,269) | | Profit/(loss) before tax | 1,107 | (1,314) | | Profit/(loss) for the period attributable to owners of the Company | 1,107 | (1,350) | | Basic earnings/(loss) per share (HK cents per share) | 0.1 | (0.12) | - Profit for the period attributable to owners of the Company turned from a **loss of HK$1,350 thousand** in the prior period of 2024 to a **profit of HK$1,107 thousand** in the current period of 2025[15](index=15&type=chunk) - Basic earnings per share improved from a **loss of HK$0.12 cents per share** in the prior period of 2024 to **earnings of HK$0.1 cents per share** in the current period of 2025[15](index=15&type=chunk) [Condensed Consolidated Statement of Financial Position (Unaudited)](index=8&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position%20%28Unaudited%29) [Financial Position as at June 30, 2025](index=8&type=section&id=Financial%20Position%20as%20at%20June%2030,%202025) As at June 30, 2025, the Group's net assets increased to HK$61.954 million, with stable net current assets, a slight increase in non-current assets driven by intangible assets, and a significant increase in cash and cash equivalents within current assets Condensed Consolidated Statement of Financial Position Key Data | Indicator | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Non-current assets | 25,795 | 24,925 | | Current assets | 43,730 | 44,039 | | Current liabilities | 6,280 | 6,591 | | Net current assets | 37,450 | 37,448 | | Net assets | 61,954 | 60,380 | | Cash and cash equivalents | 19,965 | 9,645 | | Trade and other receivables | 12,913 | 15,393 | | Financial assets at fair value through profit or loss | 10,389 | 8,154 | - Net assets increased from **HK$60,380 thousand** as at December 31, 2024, to **HK$61,954 thousand** as at June 30, 2025[17](index=17&type=chunk) - Cash and cash equivalents significantly increased from **HK$9,645 thousand** to **HK$19,965 thousand**, while trade and other receivables decreased[17](index=17&type=chunk) [Condensed Consolidated Statement of Changes in Equity (Unaudited)](index=9&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity%20%28Unaudited%29) [Changes in Equity for the Six Months Ended June 30, 2025](index=9&type=section&id=Changes%20in%20Equity%20for%20the%20Six%20Months%20Ended%20June%2030,%202025) For the six months ended June 30, 2025, the Group's total equity increased to HK$61.954 million, driven by a total comprehensive income of HK$1.513 million and shares granted under the share award scheme of HK$61 thousand Condensed Consolidated Statement of Changes in Equity Key Data | Indicator | June 30, 2025 (HK$ thousand) | June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Total equity at beginning of period | 60,380 | 62,568 | | Shares granted under share award scheme | 61 | 59 | | Total comprehensive income/(expense) for the period | 1,513 | (1,371) | | Total equity at end of period | 61,954 | 61,256 | - As at June 30, 2025, total equity was **HK$61,954 thousand**, an increase from **HK$60,380 thousand** as at January 1, 2025[20](index=20&type=chunk) - Total comprehensive income for the period was **HK$1,513 thousand**, compared to a total comprehensive expense of **HK$1,371 thousand** in the prior period, indicating significant performance improvement[20](index=20&type=chunk) [Condensed Consolidated Statement of Cash Flows (Unaudited)](index=10&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows%20%28Unaudited%29) [Cash Flows for the Six Months Ended June 30, 2025](index=10&type=section&id=Cash%20Flows%20for%20the%20Six%20Months%20Ended%20June%2030,%202025) For the six months ended June 30, 2025, the Group's cash and cash equivalents increased by HK$10.165 million, primarily due to positive cash flows from operating and investing activities, with the period-end cash balance reaching HK$19.965 million Condensed Consolidated Statement of Cash Flows Key Data | Indicator | Six Months Ended June 30, 2025 (HK$ thousand) | Six Months Ended June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Net cash generated from/(used in) operating activities | 2,739 | (255) | | Net cash generated from investing activities | 8,312 | 7,551 | | Net cash used in financing activities | (886) | (787) | | Net increase in cash and cash equivalents | 10,165 | 1,897 | | Cash and cash equivalents at end of period | 19,965 | 30,414 | - Net cash generated from operating activities turned from **cash used of HK$255 thousand** in the prior period of 2024 to **cash generated of HK$2,739 thousand** in the current period of 2025[22](index=22&type=chunk) - Net increase in cash and cash equivalents significantly rose from **HK$1,897 thousand** in the prior period of 2024 to **HK$10,165 thousand**[22](index=22&type=chunk) [Notes to the Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) [1. General Information](index=11&type=section&id=1.%20General%20Information) This note outlines eBroker Systems Limited's registration details, including its incorporation date in the Cayman Islands and its listing date on GEM of the Stock Exchange of Hong Kong - eBroker Systems Limited was incorporated in the Cayman Islands on **May 23, 2016**[23](index=23&type=chunk) - The company's shares were listed on GEM of the Stock Exchange of Hong Kong on **February 19, 2019**[23](index=23&type=chunk) [2. Basis of Preparation](index=11&type=section&id=2.%20Basis%20of%20Preparation) This note explains that the unaudited condensed consolidated financial statements are prepared in accordance with HKAS 34 "Interim Financial Reporting," consistent with the accounting policies used in the 2024 audited consolidated financial statements, while also noting the application of accounting estimates and assumptions - The unaudited condensed consolidated financial statements are prepared in accordance with **Hong Kong Accounting Standard 34 "Interim Financial Reporting"** issued by the Hong Kong Institute of Certified Public Accountants[24](index=24&type=chunk) - The significant accounting policies adopted are consistent with those used in the 2024 audited consolidated financial statements, except for new and revised standards[24](index=24&type=chunk) [3. Adoption of New and Revised Hong Kong Financial Reporting Standards](index=11&type=section&id=3.%20Adoption%20of%20New%20and%20Revised%20Hong%20Kong%20Financial%20Reporting%20Standards) This note indicates that the Board expects the adoption of new and revised HKFRSs effective January 1, 2025, will not materially impact current and prior period results and financial position, and the Group is evaluating the potential impact of standards not yet effective - The Directors believe that the adoption of new and revised Hong Kong Financial Reporting Standards will **not have a material impact** on the results and financial position for the current and prior periods[25](index=25&type=chunk) - The Group is evaluating the potential impact of Hong Kong Financial Reporting Standards that are not yet effective or have not been early adopted[25](index=25&type=chunk) [4. Revenue](index=12&type=section&id=4.%20Revenue) This note details the Group's revenue breakdown by major product or service lines and geographical regions, showing a decrease in total revenue from HK$15.904 million in the prior period of 2024 to HK$14.125 million in the current period of 2025, primarily due to reduced income from front-office trading and back-office settlement services, despite growth in the Mainland China market Revenue by Product or Service Line | Product or Service Line | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Front-office trading solution services income | 6,921 | 8,027 | | Back-office settlement solution services income | 3,996 | 4,726 | | Installation and customization services income | 1,989 | 1,323 | | Managed cloud services income | 756 | 1,038 | | Others | 463 | 790 | | Total | 14,125 | 15,904 | Revenue by Major Geographical Market | Major Geographical Market | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Hong Kong | 12,758 | 14,846 | | Macau | 302 | 598 | | Mainland China | 984 | 393 | | Singapore | 81 | 67 | | Total | 14,125 | 15,904 | - Total revenue decreased by **11.2% year-on-year**, primarily due to a decline in front-office trading solution services income and back-office settlement solution services income[27](index=27&type=chunk) [5. Other Income, and Net Other Gains and Losses](index=13&type=section&id=5.%20Other%20Income,%20and%20Net%20Other%20Gains%20and%20Losses) This note discloses the Group's other income and net other gains and losses, with other income decreasing year-on-year due to lower bank interest and dividend income, but significant fair value gains from financial assets at fair value through profit or loss resulted in a shift from net loss to net gain Other Income | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Bank interest income | 232 | 431 | | Dividend income from financial assets at fair value through profit or loss | 16 | 114 | | Government grants | 5 | 6 | | Total | 253 | 551 | Net Other Gains and Losses | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Fair value gains/(losses) on financial assets at fair value through profit or loss – listed equity investments | 2,263 | (373) | - Other income decreased from **HK$551 thousand** in the prior period of 2024 to **HK$253 thousand** in the current period of 2025[28](index=28&type=chunk) - Fair value gains on financial assets at fair value through profit or loss turned from a **loss of HK$373 thousand** in the prior period of 2024 to a **gain of HK$2,263 thousand** in the current period of 2025[28](index=28&type=chunk) [6. Other Operating Expenses](index=13&type=section&id=6.%20Other%20Operating%20Expenses) This note presents the Group's other operating expenses, totaling HK$4.797 million for the six months ended June 30, 2025, a decrease from HK$5.359 million in the prior period of 2024, mainly due to reduced service costs, legal and professional fees, and exchange losses Other Operating Expenses | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Service costs | 872 | 1,025 | | Amortisation of intangible assets | 669 | 669 | | Auditor's remuneration | 343 | 378 | | Legal and professional fees | 973 | 1,080 | | Office expenses | 818 | 729 | | Net exchange gains/(losses) | (205) | 140 | | Total other operating expenses | 4,797 | 5,359 | - Total other operating expenses decreased by **10.5% year-on-year**, from **HK$5,359 thousand** to **HK$4,797 thousand**[29](index=29&type=chunk) - Net exchange gains/(losses) turned from a **loss of HK$140 thousand** in the prior period of 2024 to a **gain of HK$205 thousand** in the current period of 2025[29](index=29&type=chunk) [7. Segment Information](index=14&type=section&id=7.%20Segment%20Information) This note clarifies that the Group has only one reportable segment, providing financial software solution services to clients, with geographical revenue data indicating Hong Kong remains the primary market, but Mainland China's contribution has increased - The Group has one reportable segment, which is the provision of services to customers, primarily involving the sale of computer products, provision of contractual trading solutions, and development of electronic trading systems[30](index=30&type=chunk) Revenue by Geographical Location | Region | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Hong Kong | 12,758 | 14,846 | | Macau | 302 | 598 | | Mainland China | 984 | 393 | | Singapore | 81 | 67 | | Total | 14,125 | 15,904 | - No individual customer contributed more than **10% of total revenue** during the period[30](index=30&type=chunk) [8. Income Tax Expense](index=15&type=section&id=8.%20Income%20Tax%20Expense) This note shows the Group's income tax expense for the six months ended June 30, 2025, was zero, a significant reduction from HK$36 thousand in the prior period, mainly due to tax losses incurred by a PRC subsidiary Income Tax Expense | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Current tax – Hong Kong Profits Tax | – | 36 | - Hong Kong Profits Tax rate is **8.25%** on the first HK$2 million of assessable profits and **16.5%** thereafter[31](index=31&type=chunk) - No provision for corporate income tax was made for the PRC subsidiary during the period due to tax losses incurred[31](index=31&type=chunk) [9. Profit/(Loss) for the Period](index=15&type=section&id=9.%20Profit%2F%28Loss%29%20for%20the%20Period) This note details the various expenses and income affecting the Group's profit/loss for the period, including depreciation, net reversal of impairment loss on trade receivables, and finance costs, with profit primarily benefiting from the net reversal of impairment loss on trade receivables Major Items Affecting Profit/(Loss) for the Period | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Auditor's remuneration | 343 | 378 | | Depreciation of property, plant and equipment | 422 | 420 | | Depreciation of right-of-use assets | 806 | 726 | | Net reversal of impairment loss on trade receivables | (171) | (7) | | Interest expense on lease liabilities | 99 | 45 | - Net reversal of impairment loss on trade receivables was **HK$171 thousand**, positively impacting profit for the period[32](index=32&type=chunk) - Finance costs, primarily interest expense on lease liabilities, increased from **HK$45 thousand** in the prior period of 2024 to **HK$99 thousand** in the current period of 2025[33](index=33&type=chunk) [10. Earnings/(Loss) Per Share](index=16&type=section&id=10.%20Earnings%2F%28Loss%29%20Per%20Share) This note calculates the Group's basic earnings per share for the six months ended June 30, 2025, at HK$0.1 cents, a significant improvement from a loss of HK$0.12 cents per share in the prior period, with no diluted earnings per share calculated due to the absence of potentially dilutive ordinary shares Earnings/(Loss) Per Share Calculation | Indicator | 2025 (HK$ thousand/thousand shares) | 2024 (HK$ thousand/thousand shares) | | :--- | :--- | :--- | | Profit/(loss) attributable to owners of the Company | 1,107 | (1,350) | | Weighted average number of ordinary shares | 1,147,095 | 1,144,860 | | Basic earnings/(loss) per share (HK cents per share) | 0.1 | (0.12) | - Basic earnings per share improved from a **loss of HK$0.12 cents per share** in the prior period of 2024 to **earnings of HK$0.1 cents per share** in the current period of 2025[35](index=35&type=chunk) - Diluted earnings/(loss) per share was not calculated as there were no potentially dilutive ordinary shares[35](index=35&type=chunk) [11. Dividends](index=16&type=section&id=11.%20Dividends) This note states that the Board does not recommend the payment of any dividend for the six months ended June 30, 2025, consistent with the prior period - The Directors do not recommend the payment of any dividend for the six months ended June 30, 2025 (June 30, 2024: nil HK$)[36](index=36&type=chunk) [12. Contract Assets and Contract Liabilities](index=17&type=section&id=12.%20Contract%20Assets%20and%20Contract%20Liabilities) This note details the Group's contract assets and liabilities, with contract assets slightly increasing due to completed but unbilled work, and contract liabilities significantly growing due to increased prepayments from a rise in overall installation projects Contract Assets and Contract Liabilities | Item | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Contract assets related to provision of services | 399 | 375 | | Contract liabilities related to provision of services | 1,747 | 1,216 | - The increase in contract assets is primarily due to an increase in work completed but not yet billed[37](index=37&type=chunk) - The increase in contract liabilities is mainly due to an increase in prepayments resulting from an increase in overall installation projects[38](index=38&type=chunk) [13. Trade and Other Receivables](index=19&type=section&id=13.%20Trade%20and%20Other%20Receivables) This note provides a detailed analysis of trade and other receivables, showing a decrease in the total from HK$16.208 million as at December 31, 2024, to HK$13.728 million as at June 30, 2025, mainly due to a reduction in amounts due from brokers, with trade terms typically offering an average credit period of 60 days Trade and Other Receivables | Item | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Trade receivables (net of impairment loss) | 2,813 | 2,712 | | Prepayments, deposits and other receivables | 1,402 | 1,447 | | Amount due from a trustee | 661 | 662 | | Amounts due from brokers | 8,852 | 11,387 | | Total | 13,728 | 16,208 | - Amounts due from brokers decreased from **HK$11,387 thousand** as at December 31, 2024, to **HK$8,852 thousand** as at June 30, 2025[40](index=40&type=chunk) Ageing Analysis of Trade Receivables | Ageing | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | 0 to 30 days | 1,976 | 1,174 | | 31 to 60 days | 212 | 347 | | 61 to 90 days | 118 | 267 | | 91 to 120 days | 144 | 386 | | Over 120 days | 363 | 538 | | Total | 2,813 | 2,712 | [14. Trade and Other Payables](index=20&type=section&id=14.%20Trade%20and%20Other%20Payables) This note presents the Group's trade and other payables, which slightly increased from HK$2.941 million as at December 31, 2024, to HK$3.084 million as at June 30, 2025, primarily due to an increase in accrued expenses and other payables Trade and Other Payables | Item | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Trade payables | 177 | 214 | | Accrued expenses and other payables | 2,907 | 2,727 | | Total | 3,084 | 2,941 | - Accrued expenses and other payables increased from **HK$2,727 thousand** as at December 31, 2024, to **HK$2,907 thousand** as at June 30, 2025[43](index=43&type=chunk) Ageing Analysis of Trade Payables | Ageing | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | 0 to 30 days | 101 | 136 | | 31 to 60 days | 74 | 76 | | 61 to 90 days | – | – | | Over 90 days | 2 | 2 | | Total | 177 | 214 | [15. Share Capital](index=21&type=section&id=15.%20Share%20Capital) This note outlines the Group's capital management objective to ensure continuous operation and maximize shareholder returns, with a stable share capital structure of 1,230,000 thousand issued shares and a total liabilities to total assets ratio of approximately 10.9% as at June 30, 2025 - The Group's capital management objective is to ensure its ability to continue as a going concern and to maximize returns to shareholders through optimizing the debt and equity balance[45](index=45&type=chunk) - As at June 30, 2025, the Group's total liabilities to total assets ratio was approximately **10.9%** (December 31, 2024: approximately 12.44%)[45](index=45&type=chunk) Share Capital Structure | Item | Par Value (HK$) | Number of Shares (thousand shares) | Amount (HK$ thousand) | | :--- | :--- | :--- | :--- | | Authorised ordinary shares | 0.001 | 5,000,000 | 5,000 | | Issued and fully paid ordinary shares | 0.001 | 1,230,000 | 1,230 | [16. Right-of-Use Assets](index=23&type=section&id=16.%20Right-of-Use%20Assets) This note states that for the six months ended June 30, 2025, the Group did not add any new right-of-use assets and recognized approximately HK$806 thousand in depreciation expense for right-of-use assets - For the six months ended June 30, 2025, the Group added approximately **nil HK$** in right-of-use assets (December 31, 2024: HK$947 thousand)[47](index=47&type=chunk) - Depreciation expense of approximately **HK$806 thousand** for right-of-use assets was recognized during the period (December 31, 2024: approximately HK$1,508 thousand)[47](index=47&type=chunk) [17. Property, Plant and Equipment](index=23&type=section&id=17.%20Property,%20Plant%20and%20Equipment) This note discloses that for the six months ended June 30, 2025, the Group purchased approximately HK$40 thousand of property, plant and equipment - For the six months ended June 30, 2025, the Group purchased approximately **HK$40 thousand** of property, plant and equipment (December 31, 2024: approximately HK$53 thousand)[48](index=48&type=chunk) [18. Intangible Assets](index=23&type=section&id=18.%20Intangible%20Assets) This note states that for the six months ended June 30, 2025, the Group capitalized development costs of approximately HK$1.986 million - For the six months ended June 30, 2025, the Group capitalized development costs of approximately **HK$1,986 thousand** (December 31, 2024: approximately HK$3,348 thousand)[49](index=49&type=chunk) [19. Reserves](index=23&type=section&id=19.%20Reserves) This note indicates that the Group's reserve amounts and changes are presented in the condensed consolidated statement of changes in equity - The Group's reserve amounts and corresponding changes for the current period and the prior period of 2024 are presented in the unaudited condensed consolidated statement of changes in equity in this report[50](index=50&type=chunk) [20. Contingent Liabilities](index=23&type=section&id=20.%20Contingent%20Liabilities) This note declares that as at June 30, 2025, the Group had no significant contingent liabilities - As at June 30, 2025, the Group had **no significant contingent liabilities**[50](index=50&type=chunk) [21. Events After the Reporting Period](index=23&type=section&id=21.%20Events%20After%20the%20Reporting%20Period) This note states that no significant events occurred after June 30, 2025, up to the date of this report - No significant events occurred after June 30, 2025, and up to the date of this report[51](index=51&type=chunk) [22. Approval of Financial Statements](index=23&type=section&id=22.%20Approval%20of%20Financial%20Statements) This note confirms that the condensed consolidated financial statements for the six months ended June 30, 2025, were approved and authorized for issue by the Board of Directors on August 28, 2025 - The condensed consolidated financial statements for the six months ended June 30, 2025, were approved and authorized for issue by the Board of Directors on **August 28, 2025**[52](index=52&type=chunk) [Management Discussion and Analysis](index=24&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=24&type=section&id=Business%20Review) The Group primarily provides financial software solutions to Hong Kong financial institutions, with revenue of approximately HK$14.1 million for the six months ended June 30, 2025, a year-on-year decrease of 11.2%; however, profit attributable to owners of the Company significantly increased by 182% to approximately HK$1.1 million from a loss of HK$1.4 million in the prior period, mainly due to increased non-recurring installation and customization services and other income growth - The Group primarily provides financial software solution services to Hong Kong financial institutions, including front-office trading, back-office settlement, installation and customization, and managed cloud services[53](index=53&type=chunk) Business Review Key Financial Data | Indicator | Six Months Ended June 30, 2025 (HK$ million) | Six Months Ended June 30, 2024 (HK$ million) | | :--- | :--- | :--- | | Revenue | 14.1 | 15.9 | | Profit/(loss) attributable to owners of the Company | 1.1 | (1.4) | - The **182% increase in profit** is mainly attributable to an increase of approximately **HK$0.7 million** in non-recurring installation and customization services and an increase of **HK$2.6 million** in other income, coupled with a reduction of approximately **HK$1.4 million** in staff costs[53](index=53&type=chunk) [Outlook](index=24&type=section&id=Outlook) Looking ahead, the Group anticipates continued macroeconomic uncertainties but will proactively address challenges and capitalize on opportunities from technological advancements and innovation to achieve sustainable business growth and long-term shareholder value - The macroeconomic environment will continue to face uncertainties arising from ongoing geopolitical developments and rapid technological innovation[54](index=54&type=chunk) - The Group will continue to address challenges while seizing opportunities presented by technological advancements and innovation to achieve sustainable business growth and long-term shareholder interests[54](index=54&type=chunk) [Financial Review](index=25&type=section&id=Financial%20Review) This section provides a detailed review of the Group's financial performance for the six months ended June 30, 2025, including changes in revenue, costs, and expenses, explaining the key drivers behind the shift from loss to profit [Revenue](index=25&type=section&id=Revenue) The Group's total revenue decreased by 11.2% year-on-year to HK$14.1 million, primarily due to a decline in income from front-office trading solution services and back-office settlement solution services - Total revenue was approximately **HK$14.1 million**, a decrease of approximately **11.2%** compared to HK$15.9 million in the prior period[56](index=56&type=chunk) Major Service Line Revenue Changes | Service Line | 2025 (HK$ million) | 2024 (HK$ million) | Change (%) | | :--- | :--- | :--- | :--- | | Back-office settlement solution services income | 4.0 | 4.7 | -15.4% | | Front-office trading solution services income | 6.9 | 8.0 | -13.8% | [Purchases and Changes in Inventories](index=25&type=section&id=Purchases%20and%20Changes%20in%20Inventories) For the six months ended June 30, 2025, the Group's purchases and changes in inventories were nil, a 100% decrease from the prior period, primarily because no products were sold during the period - Purchases and changes in inventories for the six months ended June 30, 2025, were **nil HK$**, a decrease of approximately **100%** compared to approximately HK$4 thousand in the prior period[57](index=57&type=chunk) - This decrease was primarily due to the Group having **no product sales** for the six months ended June 30, 2025[57](index=57&type=chunk) [Profit Before Tax](index=26&type=section&id=Profit%20Before%20Tax) The Group's profit before tax was approximately HK$1.1 million, a significant increase of 184.2% from a loss before tax of HK$1.3 million in the prior period, mainly driven by an increase of HK$2.6 million in other income Profit Before Tax Changes | Indicator | 2025 (HK$ million) | 2024 (HK$ million) | Change (%) | | :--- | :--- | :--- | :--- | | Profit/(loss) before tax | 1.1 | (1.3) | +184.2% | - This increase is mainly due to an increase of approximately **HK$2.6 million** in other income for the six months ended June 30, 2025[58](index=58&type=chunk) [Other Income](index=26&type=section&id=Other%20Income) The Group's other income decreased to HK$253 thousand, primarily due to a decline in bank interest income and dividend income Other Income Changes | Item | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (HK$ thousand) | | :--- | :--- | :--- | :--- | | Total other income | 253 | 551 | -298 | | Decrease in interest income | - | - | -199 | | Decrease in dividend income | - | - | -98 | - The decrease in other income is mainly due to a reduction of approximately **HK$199 thousand** in interest income and approximately **HK$98 thousand** in dividend income[59](index=59&type=chunk) [Staff Costs](index=26&type=section&id=Staff%20Costs) For the six months ended June 30, 2025, the Group's staff costs decreased by approximately HK$1.4 million to HK$9.4 million Staff Costs Changes | Indicator | 2025 (HK$ million) | 2024 (HK$ million) | Change (HK$ million) | | :--- | :--- | :--- | :--- | | Staff costs | 9.4 | 10.8 | -1.4 | [Depreciation](index=26&type=section&id=Depreciation) The Group's depreciation expense increased by approximately HK$82 thousand, a year-on-year growth of 7.2% to HK$1.2 million Depreciation Expense Changes | Indicator | 2025 (HK$ million) | 2024 (HK$ million) | Change (%) | | :--- | :--- | :--- | :--- | | Depreciation expense | 1.2 | 1.1 | +7.2% | [Other Operating Expenses](index=26&type=section&id=Other%20Operating%20Expenses) The Group's other operating expenses decreased by approximately 10.5% to HK$4.8 million, primarily due to reductions in legal and professional fees, service costs, and exchange losses Other Operating Expenses Changes | Indicator | 2025 (HK$ million) | 2024 (HK$ million) | Change (%) | | :--- | :--- | :--- | :--- | | Total other operating expenses | 4.8 | 5.4 | -10.5% | - The decrease is mainly attributable to a reduction of approximately **HK$0.1 million** in legal and professional fees, approximately **HK$0.2 million** in service costs, and approximately **HK$0.3 million** in exchange losses[62](index=62&type=chunk) [Income Tax Expense](index=26&type=section&id=Income%20Tax%20Expense) The Group's income tax expense was nil, a 100% decrease from the prior period, primarily due to a reduction in profit before tax during the period Income Tax Expense Changes | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Income tax expense | 0 | 36 | -100% | - This decrease is due to a reduction in profit before tax for the six months ended June 30, 2025[63](index=63&type=chunk) [Profit for the Period Attributable to Owners of the Company](index=27&type=section&id=Profit%20for%20the%20Period%20Attributable%20to%20Owners%20of%20the%20Company) Profit for the period attributable to owners of the Company was approximately HK$1.1 million, a significant increase of 182.0% from a loss of HK$1.4 million in the prior period, primarily due to an increase of approximately HK$2.6 million in other income Profit for the Period Attributable to Owners of the Company Changes | Indicator | 2025 (HK$ million) | 2024 (HK$ million) | Change (%) | | :--- | :--- | :--- | :--- | | Profit/(loss) for the period attributable to owners of the Company | 1.1 | (1.4) | +182.0% | - The increase is mainly attributable to an increase of approximately **HK$2.6 million** in other income for the six months ended June 30, 2025[65](index=65&type=chunk) [Liquidity and Financial Resources](index=27&type=section&id=Liquidity%20and%20Financial%20Resources) The Group's operations are primarily funded by cash generated from operations; as at June 30, 2025, net current assets were approximately HK$37.5 million, total current assets were approximately HK$43.7 million, with cash and cash equivalents significantly increasing to HK$20.0 million, and the Group had no interest-bearing borrowings - The Group's operations are primarily funded by cash generated from operating activities[66](index=66&type=chunk) Liquidity Overview | Indicator | June 30, 2025 (HK$ million) | December 31, 2024 (HK$ million) | | :--- | :--- | :--- | | Net current assets | 37.5 | 37.4 | | Total current assets | 43.7 | 44.0 | | Cash and cash equivalents | 20.0 | 9.6 | | Financial assets at fair value through profit or loss | 10.4 | 8.2 | | Trade and other receivables | 12.9 | 15.4 | - As at June 30, 2025, the Group had **no interest-bearing or non-interest-bearing borrowings**, rendering the gearing ratio inapplicable for analysis[66](index=66&type=chunk) [Key Risks and Uncertainties](index=27&type=section&id=Key%20Risks%20and%20Uncertainties) The Group faces key risks including R&D failing to keep pace with technological advancements, trade receivables recovery risk leading to impairment losses, and financial risks such as credit risk, liquidity risk, and interest rate risk - Key risks include the possibility that R&D may not keep pace with technological advancements crucial for the Group's competitiveness[67](index=67&type=chunk) - The Group may be unable to recover its trade receivables in a timely manner and may be required to record impairment losses[67](index=67&type=chunk) - The business faces various financial risks, including credit risk, liquidity risk, and interest rate risk[67](index=67&type=chunk) [Capital Structure](index=28&type=section&id=Capital%20Structure) Since its listing on GEM of the Stock Exchange on February 19, 2019, the company's capital structure has remained unchanged, primarily comprising issued share capital and reserves - The shares were listed on GEM of the Stock Exchange on **February 19, 2019**, and the capital structure has remained unchanged since then[68](index=68&type=chunk) - As at June 30, 2025, the company's capital structure primarily comprised issued share capital and reserves[68](index=68&type=chunk) [Purchase, Sale or Redemption of Securities by the Company and its Subsidiaries](index=28&type=section&id=Purchase,%20Sale%20or%20Redemption%20of%20Securities%20by%20the%20Company%20and%20its%20Subsidiaries) For the six months ended June 30, 2025, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's securities, convertible securities, share options, warrants, or similar rights - For the six months ended June 30, 2025, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's securities[69](index=69&type=chunk) [Issue of Securities or Sale of Treasury Shares](index=28&type=section&id=Issue%20of%20Securities%20or%20Sale%20of%20Treasury%20Shares) For the six months ended June 30, 2025, neither the company nor any of its subsidiaries issued any equity securities, convertible securities, share options, warrants, or similar rights, nor did they sell any treasury shares for cash - For the six months ended June 30, 2025, neither the company nor any of its subsidiaries issued any equity securities, convertible securities, share options, warrants, or similar rights[70](index=70&type=chunk) - No treasury shares were sold for cash during the period[70](index=70&type=chunk) [Pledged Assets](index=28&type=section&id=Pledged%20Assets) As at June 30, 2025, the Group had no pledged assets - As at June 30, 2025, the Group had **no pledged assets** (December 31, 2024: nil HK$)[71](index=71&type=chunk) [Material Acquisitions and Disposals](index=28&type=section&id=Material%20Acquisitions%20and%20Disposals) For the six months ended June 30, 2025, the Group did not undertake any material investments in subsidiaries or any material acquisitions and disposals - For the six months ended June 30, 2025, the Group did not undertake any material investments in subsidiaries or any material acquisitions and disposals[72](index=72&type=chunk) [Capital Commitments and Contingent Liabilities](index=28&type=section&id=Capital%20Commitments%20and%20Contingent%20Liabilities) As at June 30, 2025, the Group had no significant capital commitments or contingent liabilities - As at June 30, 2025, the Group had **no significant capital commitments or contingent liabilities**[73](index=73&type=chunk) [Exchange Rate Fluctuation Risk](index=28&type=section&id=Exchange%20Rate%20Fluctuation%20Risk) The Group's revenue and costs are primarily denominated in Hong Kong Dollars, with some costs in Renminbi; currently, there is no foreign currency hedging policy, but the Board continuously monitors foreign exchange risk and will consider hedging when necessary - The Group's revenue and costs are primarily denominated in **Hong Kong Dollars**, with some costs denominated in **Renminbi**[74](index=74&type=chunk) - The Group currently has **no foreign currency hedging policy**, but the Directors continuously monitor relevant foreign exchange risks and will consider hedging when necessary[74](index=74&type=chunk) [Credit Risk](index=29&type=section&id=Credit%20Risk) The Group's credit risk primarily arises from cash and cash equivalents, as well as receivables and contract assets from customer contracts; with bank balances held in recognized banks and a comprehensive credit policy, management expects no significant credit risk - The Group's credit risk primarily arises from cash and cash equivalents, and receivables and contract assets from contracts with customers[76](index=76&type=chunk) - All bank balances are deposited with recognized banks in Hong Kong, and with a comprehensive credit policy, management expects **no significant credit risk**[76](index=76&type=chunk) [Liquidity Risk](index=29&type=section&id=Liquidity%20Risk) The Group's policy is to continuously monitor funding and anticipated liquidity requirements to ensure sufficient cash reserves to meet both short-term and long-term liquidity needs - The Group's policy is to constantly monitor funding and anticipated liquidity requirements to ensure sufficient cash reserves to meet the Group's short-term and long-term liquidity needs[77](index=77&type=chunk) [Interest Rate Risk](index=29&type=section&id=Interest%20Rate%20Risk) The Group's interest rate risk stems from its bank deposits, which bear floating interest rates; however, with no other interest-bearing assets and liabilities, the Group has no significant interest rate risk - The Group's interest rate risk arises from its bank deposits, which bear floating interest rates[78](index=78&type=chunk) - The Group has **no significant interest rate risk**, and its income and operating cash flows are largely unaffected by changes in floating interest rates[78](index=78&type=chunk) [Human Resources and Remuneration Policy](index=29&type=section&id=Human%20Resources%20and%20Remuneration%20Policy) As at June 30, 2025, the Group had 51 full-time employees; remuneration policy is determined based on qualifications, function, experience, performance, and market conditions, and is regularly reviewed; the Group provides training and has a share option scheme and share award scheme to incentivize employees - As at June 30, 2025, the Group had **51 full-time employees** (2024: 55 employees)[79](index=79&type=chunk) - Employee remuneration is determined based on qualifications, function, experience, work performance, and local market conditions, and is reviewed regularly[79](index=79&type=chunk) - The company has a **share option scheme** (adopted on January 22, 2019) and a **share award scheme** (adopted on August 12, 2019) to recognize and reward employee contributions[79](index=79&type=chunk) [Changes in Board Members](index=29&type=section&id=Changes%20in%20Board%20Members) Ms. Chan Ka Yan was appointed as an Executive Director of the company effective May 13, 2024 - Ms. Chan Ka Yan was appointed as an Executive Director of the company effective **May 13, 2024**[80](index=80&type=chunk) [Material Investments and Plans for Material Investments or Capital Assets](index=30&type=section&id=Material%20Investments%20and%20Plans%20for%20Material%20Investments%20or%20Capital%20Assets) Except as disclosed in this report, the Group has no material investments or any other future plans for material investments or capital assets - Except as disclosed herein, the Group has **no material investments** and no other future plans for material investments or capital assets[81](index=81&type=chunk) [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures](index=30&type=section&id=Directors'%20and%20Chief%20Executive's%20Interests%20and%20Short%20Positions%20in%20Shares,%20Underlying%20Shares%20and%20Debentures) As at June 30, 2025, the company's Directors and Chief Executive held long positions in the company's shares, with Mr. Chan Lap Tak holding 0.19% through spouse's interest, Ms. Chan Ka Yan beneficially holding 0.18%, and Mr. Lo Chi Ho beneficially holding 0.99% Directors' and Chief Executive's Long Positions | Director Name | Capacity and Nature of Interest | Number of Shares Held | Approximate Percentage of Issued Shares | | :--- | :--- | :--- | :--- | | Mr. Chan Lap Tak | Interest of spouse | 2,291,420 | 0.19% | | Ms. Chan Ka Yan | Beneficial interest | 2,240,000 | 0.18% | | Mr. Lo Chi Ho | Beneficial interest | 12,210,010 | 0.99% | - Mr. Lo Chi Ho's interests include **10,810,010 shares** and vested award shares of **1,190,000 shares** and **210,000 shares**[83](index=83&type=chunk) [Substantial Shareholders' Interests and Short Positions in Shares, Underlying Shares and Debentures](index=31&type=section&id=Substantial%20Shareholders'%20Interests%20and%20Short%20Positions%20in%20Shares,%20Underlying%20Shares%20and%20Debentures) As at June 30, 2025, substantial shareholders, including Quantsmile (BVI) Limited, Eagle Enterprise Consultants Limited, Good Steward Foundation, Financial Data Technologies Limited, and Bank of Communications Trustee Limited, held interests in the company's shares ranging from 6.74% to 58.10%, with Eagle Enterprise Consultants Limited being the largest shareholder Substantial Shareholders' Long Positions | Name | Capacity and Nature of Interest | Number of Shares Held | Approximate Percentage of Issued Shares | | :--- | :--- | :--- | :--- | | Quantsmile (BVI) Limited | Beneficial interest | 411,902,870 | 33.49% | | Eagle Enterprise Consultants Limited | Beneficial interest/Interest in controlled corporation | 714,676,910 | 58.10% | | Good Steward Foundation | Interest in controlled corporation | 714,676,910 | 58.10% | | Financial Data Technologies Limited | Beneficial interest | 98,040,000 | 7.97% | | Bank of Communications Trustee Limited | Trustee | 82,905,000 | 6.74% | - Eagle Enterprise Consultants Limited is deemed to have an interest in the company's shares held by Quantsmile (BVI) by virtue of holding approximately **50.85%** interest in Quantsmile (BVI)[85](index=85&type=chunk) - Bank of Communications Trustee Limited is the trustee appointed by the company for the Share Award Scheme[87](index=87&type=chunk) [Share Option Scheme](index=32&type=section&id=Share%20Option%20Scheme) The company adopted a share option scheme on January 22, 2019, but no share options have been granted, exercised, cancelled, or lapsed since its adoption date; as at June 30, 2025, the maximum number of share options available for grant under the scheme was 80,100,000 - The company adopted a share option scheme on **January 22, 2019**, but no share options have been granted since the adoption date[88](index=88&type=chunk) - As at June 30, 2025, the maximum number of share options available for grant under the share option scheme was **80,100,000**[88](index=88&type=chunk) [Share Award Scheme](index=32&type=section&id=Share%20Award%20Scheme) The company adopted a share award scheme on August 12, 2019, to reward eligible employees; for the six months ended June 30, 2025, the trustee did not purchase any shares but held 82,905,000 shares; during the period, 5,040,000 award shares were granted to 13 selected individuals, of which 2,520,000 shares will vest on December 31, 2025 - The company adopted a share award scheme on **August 12, 2019**, aiming to hold shares through a trustee and vest them to participants[89](index=89&type=chunk) - For the six months ended June 30, 2025, the trustee did not purchase any shares on the Stock Exchange but held **82,905,000 shares**[89](index=89&type=chunk) - On May 13, 2024, the Board resolved to grant a total of **5,040,000 award shares** to 13 selected individuals, of which **2,520,000 shares** will vest on December 31, 2025[91](index=91&type=chunk) [Competing Interests and Non-Competition Undertaking](index=34&type=section&id=Competing%20Interests%20and%20Non-Competition%20Undertaking) Each controlling shareholder entered into a non-competition undertaking on January 22, 2019; for the six months ended June 30, 2025, and up to the date of this report, no Director, controlling shareholder, or their close associates held any interest in businesses competing with the Group's operations - Each controlling shareholder entered into a non-competition undertaking with the company as beneficiary on **January 22, 2019**[92](index=92&type=chunk) - For the six months ended June 30, 2025, and up to the date of this report, no Director, controlling shareholder, or their close associates held any interest in any business that directly or indirectly competes with the Group's business[92](index=92&type=chunk) [Corporate Governance Practices](index=34&type=section&id=Corporate%20Governance%20Practices) The company is committed to achieving high standards of corporate governance and has adopted and complied with the principles and code provisions of the Corporate Governance Code set out in Appendix C1 of the GEM Listing Rules - The company is committed to achieving high standards of corporate governance to protect shareholders' interests, enhance corporate value, formulate business strategies, and improve transparency[93](index=93&type=chunk) - For the six months ended June 30, 2025, the company adopted and complied with the principles and code provisions of the Corporate Governance Code set out in Appendix C1 of the GEM Listing Rules[93](index=93&type=chunk) [Directors' Securities Transactions](index=34&type=section&id=Directors'%20Securities%20Transactions) The company has adopted the required standard of dealings set out in Rules 5.48 to 5.67 of the GEM Listing Rules as the code of conduct for Directors' securities transactions; upon inquiry, all Directors confirmed compliance with this standard - The company has adopted the required standard of dealings set out in **Rules 5.48 to 5.67 of the GEM Listing Rules** as the code of conduct for Directors' securities transactions[94](index=94&type=chunk) - Following specific inquiries with all Directors, all Directors confirmed their compliance with the required standard of dealings for the six months ended June 30, 2025, with no reportable breaches[94](index=94&type=chunk) [Events After Reporting Period](index=35&type=section&id=Events%20After%20Reporting%20Period) No significant events occurred after June 30, 2025, up to the date of this report, for the company or the Group - No significant events occurred after June 30, 2025, and up to the date of this report, for the company or the Group[96](index=96&type=chunk) [Audit Committee](index=35&type=section&id=Audit%20Committee) The company's Audit Committee has reviewed this report and the Group's unaudited condensed consolidated financial results for the six months ended June 30, 2025, confirming their compliance with applicable accounting standards, GEM Listing Rules, and other legal requirements - The company's Audit Committee has reviewed this report and the Group's unaudited condensed consolidated financial results for the six months ended June 30, 2025[97](index=97&type=chunk) - The Audit Committee believes that these results were prepared in compliance with applicable accounting standards, the GEM Listing Rules, and other applicable legal requirements, and that adequate disclosures have been made in this regard[97](index=97&type=chunk) [Dividends](index=35&type=section&id=Dividends) The Directors do not recommend the payment of any dividend for the six months ended June 30, 2025, consistent with the prior period - The Directors do not recommend the payment of any dividend for the six months ended June 30, 2025 (2024: nil HK$)[98](index=98&type=chunk) [Definitions](index=36&type=section&id=Definitions) [Definitions of Terms in the Report](index=36&type=section&id=Definitions%20of%20Terms%20in%20the%20Report) This section provides definitions for key terms used throughout this report, ensuring readers have a clear understanding of the content - This section defines key terms used in the report, such as "Board," "China," "Company," "Controlling Shareholder," "Directors," "GEM Listing Rules," "Group," "HK$," "Hong Kong," "Listing," "Prospectus," "SFO," "Shares," "Shareholder," "Share Award Scheme," "Share Option Scheme," "Stock Exchange," and "%"[99](index=99&type=chunk)[101](index=101&type=chunk)

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依 賴該等內容而引致的任何損失承擔任何責任。 eBROKER GROUP LIMITED 電子交易集團有限公司 承董事會命 電子交易集團有限公司 主席 陳立德 香港，二零二五年八月十九日 截至本公告日期，執行董事為陳立德先生、盧志豪先生及陳嘉恩女士，及獨立非執行董事為 陳智光先生、廖健昇先生及歐陽寶豐先生。 本公告乃根據聯交所GEM證券上市規則而提供有關本公司的資料，董事願就本公告所載資料共同及 個別承擔全部責任。董事在作出一切合理查詢後，確認就其所知及所信，本公告所載資料在所有重 大方面均屬準確完整，沒有誤導或欺詐成分，且並無遺漏任何其他事項，致使本公告所載任何陳述 或本公告產生誤導。 本公告將自其刊發日期起計最少一連七日登載於聯交所GEM網站www.hkgem.com 內「最新公司公告」 網頁及本公司之網站www.ebrokersystems.com。 （於開曼群島註冊成立的有限公司） （股份代號：8036） 董事會會議通告 電子交 ...

Core Viewpoint - The electronic trading group (08036) anticipates a profit of approximately HKD 1.5 million for the six months ending June 30, 2025, compared to a total comprehensive loss of about HKD 1.4 million in the same period last year, indicating a turnaround to profitability [1] Financial Performance - The expected comprehensive income for the upcoming period is around HKD 1.5 million [1] - The previous year's comprehensive loss was approximately HKD 1.4 million [1] Contributing Factors - The board attributes the turnaround to an increase in fair value gains on financial assets and a reduction in employee costs [1]

Core Viewpoint - The electronic trading group (08036) anticipates a profit of approximately HKD 1.5 million for the six months ending June 30, 2025, compared to a total comprehensive loss of about HKD 1.4 million in the same period last year, indicating a turnaround to profitability driven by increased fair value gains on financial assets and reduced employee costs [1] Financial Performance - The company expects to achieve a total comprehensive income of around HKD 1.5 million for the upcoming six-month period [1] - In the previous year, the company reported a total comprehensive loss of approximately HKD 1.4 million [1] Factors Influencing Performance - The turnaround to profitability is primarily attributed to an increase in fair value gains on financial assets [1] - Additionally, a reduction in employee costs has contributed to the improved financial outlook [1]