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]

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 股東及本公司有意投資者於買賣本公司股份時務請審慎行事。 承董事會命 電子交易集團有限公司 主席 陳立德 （於開曼群島註冊成立的有限公司） （股份代號：8036） 盈利預告 本公告由電子交易集團有限公司（「本公司」，連同其附屬公司統稱為「本集團」）根據聯交所GEM證券 上市規則（「GEM上市規則」）第17.10條及香港法例第571章證券及期貨條例第XIVA部下的內幕消息條 文（定義見GEM上市規則）而作出。 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及有意投資者，根據對本集團之最新未經審核 綜合管理賬目及目前可得的資料之初步評估，預期本集團於截至二零二五年六月三十日止六個月錄 得本公司擁有人應佔全面收益總額約1,500,000港元，而截至二零二四年六月三十日止六個月則為全 面開支總額約1,400,000港元。董事會 ...

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

Financial Performance - The company recorded revenue of approximately HKD 31.2 million for the year ended December 31, 2024, a decrease of about 17.1% compared to HKD 37.6 million for the year ended December 31, 2023[10]. - The loss attributable to owners of the company was approximately HKD 2.7 million for the year ended December 31, 2024, a decrease of about 241.5% from a profit of approximately HKD 1.9 million for the year ended December 31, 2023[10]. - Revenue from front office trading solutions decreased by approximately 10.8% to HKD 15.5 million, down from HKD 17.3 million in the previous year[14]. - Revenue from installation and customization services decreased by approximately 30.0% to HKD 3.2 million, down from HKD 4.6 million in the previous year[14]. - Revenue from cloud management services decreased by approximately 33.5% to HKD 1.9 million, down from HKD 2.8 million in the previous year[14]. - Other service revenue decreased by approximately 45.6% to HKD 1.3 million, down from HKD 2.4 million in the previous year[14]. - The company reported a basic loss per share of HKD 0.24 for 2024, compared to earnings per share of HKD 0.17 in 2023[146]. - Total comprehensive loss for the year was HKD 2,468,000, compared to a comprehensive income of HKD 1,415,000 in 2023[146]. - The company experienced a pre-tax loss of (HKD 2,948,000) in 2024, compared to a profit of HKD 1,945,000 in 2023, reflecting a negative swing of approximately 252%[150]. Operational Efficiency - Employee costs for the year ended December 31, 2024, were approximately HKD 21.6 million, a decrease of about 7.0% from HKD 23.2 million in the previous year[18]. - Depreciation expenses for the year ended December 31, 2024, decreased to approximately HKD 2.3 million, a reduction of about 2.6% compared to HKD 2.4 million for the year ended December 31, 2023[19]. - Other operating expenses for the year ended December 31, 2024, were approximately HKD 11.1 million, an increase of about 12.3% from HKD 9.8 million for the year ended December 31, 2023[20]. - The company reported an operating cash flow of (HKD 8,009,000), a significant decrease from HKD 5,529,000 in 2023, indicating a decline of approximately 244%[150]. - The company incurred a loss of (HKD 763,000) from impairment of intangible assets in 2024, which was not present in 2023, marking a new financial challenge[150]. Strategic Initiatives - The company aims to leverage its proprietary eBrAIny AI technology to enhance investment strategies across multiple markets, including stocks, futures, commodities, forex, and cryptocurrencies[10]. - The company plans to continue exploring commercial applications of AI technology to optimize daily operations and improve efficiency[10]. - The company plans to continue focusing on new product development and market expansion strategies moving forward[149]. Corporate Governance - The board of directors consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure[97]. - The company has adopted corporate governance practices in line with GEM listing rules, enhancing shareholder protection and business transparency[96]. - The independent non-executive directors bring extensive experience in property development, financing, and financial matters, enhancing corporate governance[39]. - The company has established effective mechanisms to ensure the board's independence, including holding annual general meetings without the presence of other directors[101]. - The audit committee held four meetings during the year ending December 31, 2024, to review interim, quarterly, and annual financial performance and reports[105]. Financial Position - As of December 31, 2024, the group recorded net current assets of approximately HKD 37.4 million, down from HKD 41.0 million as of December 31, 2023[23]. - Non-current assets decreased from HKD 24,925,000 in 2023 to HKD 21,772,000 in 2024[147]. - Current assets slightly decreased from HKD 44,883,000 in 2023 to HKD 44,039,000 in 2024[147]. - Current liabilities increased from HKD 3,925,000 in 2023 to HKD 6,591,000 in 2024[147]. - Net asset value decreased from HKD 62,568,000 in 2023 to HKD 60,380,000 in 2024[147]. Shareholder Information - The company reported a reserve available for distribution to shareholders of approximately HKD 55,639,000 as of December 31, 2024, compared to HKD 54,952,000 in 2023[55]. - The board has not recommended the declaration of a final dividend for the year ending December 31, 2024, consistent with the previous year[46]. - The company has adopted a general dividend policy since March 25, 2019, allowing for the declaration and distribution of dividends at the board's discretion[46]. Risk Management - The risk management process involves identifying, assessing, responding to, monitoring, and reporting risks, with the board prioritizing identified risks for mitigation[119]. - The company has established a risk management and internal control system to protect assets and shareholder interests, with annual reviews conducted[118]. - The board and audit committee believe that the risk management and internal control systems are sufficient and effective, covering all significant controls including financial, operational, and compliance controls[122]. Employee Relations - The company is committed to providing training and development opportunities for employees to enhance their skills and job satisfaction[92]. - The company maintains good relationships with employees, customers, and suppliers, emphasizing the importance of a sustainable supply chain for operational success[92]. - The gender ratio among employees is approximately 0.40, reflecting the company's commitment to gender diversity and equality[108]. Compliance and Legal Matters - The company has complied with all applicable laws and regulations, including GEM listing rules and the Companies Ordinance, ensuring legal compliance[89]. - There were no related party transactions that constituted connected transactions under GEM listing rules for the year ending December 31, 2024[82]. - The independent auditor has remained unchanged over the past three years, indicating consistency in financial oversight[93].

Financial Performance - The company recorded revenue of approximately HKD 31.2 million for the year ended December 31, 2024, a decrease of about 17.1% compared to HKD 37.6 million for the year ended December 31, 2023[14]. - The loss attributable to owners of the company for the year ended December 31, 2024, was approximately HKD 2.7 million, a decrease of about 241.5% from a profit of HKD 1.9 million for the year ended December 31, 2023[16]. - The group's revenue for the year ended December 31, 2024, was approximately HKD 31.2 million, a decrease of about 17.1% from HKD 37.6 million in the previous year, primarily due to a significant decline in revenue from front-end trading solutions[18]. - Revenue from front-end trading solutions decreased by approximately 10.8% to HKD 15.5 million, down from HKD 17.3 million, attributed to adverse business and economic conditions[18]. - Revenue from installation and customization services fell by approximately 30.0% to HKD 3.2 million, down from HKD 4.6 million, mainly due to reduced demand for customization services[18]. - The group reported a pre-tax loss of approximately HKD 2.9 million for the year ended December 31, 2024, a decrease of about 251.6% compared to a pre-tax profit of HKD 1.9 million in the previous year, driven by a revenue decline of approximately HKD 6.4 million[20]. - The company reported a total revenue of approximately HKD 55,639,000 as of December 31, 2024, compared to HKD 54,952,000 in 2023, indicating a year-on-year increase of about 1.25%[65]. - The company reported a total revenue for the year ended December 31, 2024, of HKD 31,190,000, a decrease of 17.5% compared to HKD 37,632,000 in 2023[167]. - Operating loss for the year was HKD 2,701,000, compared to an operating profit of HKD 2,029,000 in the previous year[167]. - The company reported a loss attributable to owners of the company of HKD 2,715,000, compared to a profit of HKD 1,919,000 in 2023[167]. Employee and Operational Costs - Employee costs for the year ended December 31, 2024, were approximately HKD 21.6 million, a decrease of about 7.0% from HKD 23.2 million in the previous year, mainly due to an increase in capitalized amounts[22]. - Other operating expenses increased by approximately 12.3% to HKD 11.1 million, up from HKD 9.8 million in the previous year[25]. - As of December 31, 2024, the group had 53 full-time employees, with total employee benefits expenses amounting to approximately HKD 21.6 million, a decrease from HKD 23.2 million in 2023[39]. - The total employee benefits expenses reflect a strategic approach to maintaining a competitive workforce while managing costs[39]. - Employee costs decreased to HKD 21,555,000 from HKD 23,181,000, reflecting a reduction of 7.0%[167]. Corporate Governance and Management - The board consists of six members, including three executive directors and three independent non-executive directors, ensuring a balanced governance structure[111]. - The company has adopted the corporate governance code as per GEM listing rules, ensuring compliance and transparency in its operations[110]. - The board is responsible for overall development, strategic planning, and monitoring business performance, with regular meetings to review significant acquisitions and financial results[112]. - The company has established three board committees: Audit Committee, Remuneration Committee, and Nomination Committee, to enhance governance efficiency[119]. - The chairman and CEO roles are held by different individuals, aligning with corporate governance best practices[118]. - The company has established compliance procedures to ensure adherence to applicable laws and regulations, particularly those significantly impacting the group[103]. - The company has implemented a continuous professional development program for directors, focusing on their roles and responsibilities[117]. - The company has established a governance framework that includes regular meetings and training for directors and senior management[128]. Risk Management - The group faced various financial risks, including credit risk, liquidity risk, and interest rate risk, which could significantly impact its business and financial condition[29]. - The company has established a risk management and internal control system, which includes identifying, assessing, and mitigating risks to protect assets and shareholder interests[135]. - An independent external professional has been appointed to conduct an annual review and assessment of the risk management and internal control systems for the year ending December 31, 2024[139]. - The board and audit committee have reviewed the internal control assessment report and believe the risk management and internal control systems are sufficient and effective[140]. Shareholder Information - The company has not declared any final dividends for the year ending December 31, 2024, consistent with the previous year where no dividends were declared[56]. - The company’s reserves available for distribution to shareholders as of December 31, 2024, were approximately HKD 55,639,000, showing a slight increase from the previous year's reserves[65]. - Shareholders have the right to request a special general meeting if they hold at least 10% of the company's paid-up capital[144]. - The board will regularly review the company's dividend policy, considering various factors including operational cash flow and market conditions[56]. Technology and Innovation - The company is focusing on the development of artificial intelligence (AI) technology, specifically its proprietary eBrAIny AI technology, to enhance market timing for liquid assets across various markets[14]. - The integration of AI solutions with internal servers aims to optimize daily operations and improve efficiency[14]. - The company plans to continue exploring commercial applications of AI technology to drive future growth[17]. - The company aims to capture future opportunities for sustainable growth and long-term shareholder benefits through technological and innovative advancements[17]. Financial Position - The group recorded a net current asset value of approximately HKD 37.4 million as of December 31, 2024, down from HKD 41.0 million in the previous year[28]. - The group had no significant capital commitments or contingent liabilities as of December 31, 2024[34]. - The group incurred intangible asset capitalization of approximately HKD 3.3 million for the year ended December 31, 2024, compared to HKD 1.1 million in 2023[39]. - The company is committed to evaluating its ability to continue as a going concern, with disclosures related to this assessment included in the financial statements[165]. - The total liabilities increased from HKD 3,925,000 to HKD 6,591,000, reflecting an increase of about 68.0%[169]. - The net asset value decreased from HKD 62,568,000 to HKD 60,380,000, a decline of approximately 3.5%[169]. Compliance and Transparency - The company is committed to maintaining high transparency with investors through various communication channels, including quarterly, interim, and annual reports[150]. - The independent auditor's report confirmed that the consolidated financial statements reflect the group's financial position accurately as of December 31, 2024[153]. - The company has established a platform for public access to financial information and other relevant data on its website[148]. - The board believes that the shareholder communication policy has been effectively implemented during the relevant period[148]. Share Options and Incentives - The stock option plan allows for the issuance of up to 123,000,000 shares, which is 10% of the company's issued shares as of the report date[85]. - The maximum number of stock options that can be granted to any participant in a 12-month period is limited to 1% of the company's issued shares[85]. - The stock incentive plan allows for the acquisition of shares through market purchases or subscription of new shares[88]. - A total of 5,040,000 incentive shares were granted to 13 selected individuals on May 13, 2024, with 2,520,000 shares vesting on December 31, 2024, and the remaining 2,520,000 shares vesting on December 31, 2025[89]. - The company has not granted any stock options since the adoption of the plan[86]. Market and Economic Conditions - The macroeconomic environment is expected to remain uncertain due to ongoing geopolitical developments and rapid technological innovations[17].