本月底法定/註冊股本總額： HKD 100,000,000 FF301 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: 陸慶娛樂集團控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年9月4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) | 08052 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | ...

Group 1 - The company reported revenue of HKD 30.038 million for the six months ending June 30, 2025, representing a year-on-year decrease of 28.9% [1] - The profit attributable to the owners of the company was HKD 7.476 million, a significant improvement from a loss of HKD 2.732 million in the same period last year [1] - Earnings per share were reported at HKD 0.0136 [1]

Group 1 - The company reported revenue of HKD 30.038 million for the six months ending June 30, 2025, representing a year-on-year decrease of 28.9% [1] - The profit attributable to the company's owners was HKD 7.476 million, a significant improvement from a loss of HKD 2.732 million in the same period last year [1] - Earnings per share were HKD 0.0136 [1]

Company Information and Legal Declarations [GEM Listing Features and Risk Warnings](index=2&type=section&id=GEM%20Listing%20Features%20and%20Risk%20Warnings) The GEM market provides a listing platform for small and medium-sized companies, but investors should be aware of its high investment risks and market volatility - The GEM market is positioned as a listing platform for small and medium-sized companies, but it carries **higher investment risks** and **market volatility**[2](index=2&type=chunk) [Directors' Responsibility Statement](index=2&type=section&id=Directors'%20Responsibility%20Statement) The company's directors jointly and individually assume full responsibility for this report, confirming its accuracy, completeness, and absence of misleading information in all material aspects - Directors confirm the report content is accurate, complete, and not misleading or deceptive, assuming full responsibility[2](index=2&type=chunk) Interim Financial Results [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, the Group's revenue decreased by 29.1% to HKD 30,038 thousand, but the loss for the period significantly narrowed to HKD 158 thousand, with profit attributable to owners of the Company turning positive at HKD 7,476 thousand Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (For the six months ended June 30) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 30,038 | 42,251 | -29.1% | | Other income and gains | 606 | 21 | 2785.7% | | Cost of inventories sold | (9,326) | (12,769) | -27.0% | | Staff costs | (10,279) | (16,517) | -37.8% | | Property rental and related expenses | (2,130) | (3,132) | -32.0% | | Advertising and marketing expenses | (32) | (215) | -85.1% | | Other operating expenses | (5,605) | (5,793) | -3.3% | | Depreciation and amortization | (4,767) | (6,795) | -29.9% | | Impairment loss on expected credit losses (net of reversal) | 2,070 | – | N/A | | Impairment loss on property, plant and equipment | (244) | – | N/A | | Finance costs | (489) | (527) | -7.2% | | Loss before tax | (158) | (3,476) | -95.5% | | Loss for the period | (158) | (3,476) | -95.5% | | Profit/(loss) for the period attributable to owners of the Company | 7,476 | (2,732) | 373.0% | | Loss for the period attributable to non-controlling interests | (7,634) | (744) | 926.1% | | Basic earnings/(loss) per share (HK cents) | 1.36 | (0.50) | 372.0% | [Condensed Consolidated Statement of Financial Position](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total assets decreased to HKD 16,124 thousand from HKD 25,549 thousand, with net current liabilities and net liabilities indicating ongoing liquidity pressure Condensed Consolidated Statement of Financial Position (As of June 30) | Indicator | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Non-current assets | 11,635 | 16,517 | -29.6% | | Current assets | 4,489 | 9,032 | -50.3% | | **Total assets** | **16,124** | **25,549** | **-36.9%** | | **Liabilities** | | | | | Current liabilities | 47,974 | 53,404 | -10.1% | | Non-current liabilities | 838 | 4,675 | -82.1% | | **Total liabilities** | **48,812** | **58,079** | **-15.9%** | | Net current liabilities | (43,485) | (44,372) | -2.0% | | Net liabilities | (32,688) | (32,530) | 0.5% | | **Equity** | | | | | Equity attributable to owners of the Company | (8,796) | (16,272) | -45.9% | | Non-controlling interests | (23,892) | (16,258) | 47.0% | | **Total equity** | **(32,688)** | **(32,530)** | **0.5%** | [Condensed Consolidated Statement of Changes in Equity](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended June 30, 2025, equity attributable to owners of the Company improved to HKD (8,796) thousand from HKD (16,272) thousand, driven by a profit of HKD 7,476 thousand, despite an expanded loss for non-controlling interests Condensed Consolidated Statement of Changes in Equity (For the six months ended June 30) | Indicator | June 30, 2025 (HKD thousands) | January 1, 2025 (HKD thousands) | Change (HKD thousands) | | :--- | :--- | :--- | :--- | | Equity attributable to owners of the Company | (8,796) | (16,272) | 7,476 | | Non-controlling interests | (23,892) | (16,258) | (7,634) | | Total equity | (32,688) | (32,530) | (158) | - Equity attributable to owners of the Company significantly improved due to a **profit of HKD 7,476 thousand** for the period[7](index=7&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=8&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended June 30, 2025, net cash generated from operating activities was HKD 3,301 thousand, but net cash used in financing activities amounted to HKD 6,454 thousand, resulting in a net decrease of HKD 3,222 thousand in cash and cash equivalents, which fell to HKD 750 thousand at period-end Condensed Consolidated Statement of Cash Flows (For the six months ended June 30) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (HKD thousands) | | :--- | :--- | :--- | :--- | | Net cash generated from operating activities | 3,301 | 5,909 | (2,608) | | Net cash used in investing activities | (69) | (237) | 168 | | Net cash (used in) generated from financing activities | (6,454) | (6,035) | (419) | | Net decrease in cash and cash equivalents | (3,222) | (363) | (2,859) | | Cash and cash equivalents at end of period | 750 | 484 | 266 | - **Cash outflow from financing activities** is the primary reason for the significant decrease in cash and cash equivalents at period-end[8](index=8&type=chunk) Notes to the Financial Statements [General Information and Business Overview](index=9&type=section&id=General%20Information%20and%20Business%20Overview) Luk Hing Entertainment Group Holdings Limited, incorporated in the Cayman Islands in 2015 and listed on GEM in 2016, primarily engages in food and beverage and entertainment businesses, including operating clubs, restaurants, and music-related events - The company primarily engages in food and beverage and entertainment businesses, including operating clubs, restaurants, and music events[9](index=9&type=chunk) - The company is an investment holding company, with functional currencies including RMB and HKD[9](index=9&type=chunk) [Basis of Preparation and Going Concern Assumption](index=10&type=section&id=Basis%20of%20Preparation%20and%20Going%20Concern%20Assumption) The Group's interim financial statements are prepared in accordance with HKFRS and GEM Listing Rules, with consistent accounting policies, but significant net current liabilities and net liabilities raise material uncertainty about going concern, which management addresses through various measures - The Group has **net current liabilities of HKD 43,485 thousand** and **net liabilities of HKD 32,688 thousand**, constituting a material uncertainty regarding its ability to continue as a going concern[11](index=11&type=chunk) - Management plans to improve liquidity through renewing bank facilities, seeking other financing arrangements, and implementing strict cost controls[12](index=12&type=chunk)[13](index=13&type=chunk) [Statement of Compliance](index=10&type=section&id=Statement%20of%20Compliance) The Group's condensed consolidated interim financial information is unaudited but prepared in accordance with HKFRS and applicable GEM Listing Rules disclosure requirements - Interim financial information is unaudited but complies with HKFRS and GEM Listing Rules[10](index=10&type=chunk) [Basis of Measurement and Going Concern Assumption](index=10&type=section&id=Basis%20of%20Measurement%20and%20Going%20Concern%20Assumption) This interim financial report does not include all annual financial statement information and should be read in conjunction with the annual report, with consistent accounting policies and no material impact from new HKFRS, despite significant net current and total liabilities - As of June 30, 2025, the Group has **net current liabilities of approximately HKD 43,485 thousand** and **net liabilities of approximately HKD 32,688 thousand**, indicating a material uncertainty regarding going concern[11](index=11&type=chunk) [Management's Measures](index=11&type=section&id=Management's%20Measures) To ensure going concern, management will negotiate renewal of bank facilities, explore other financing options to increase capital, and implement stricter cost controls to improve working capital and cash flows - Management will negotiate the renewal of bank facilities and believes existing facilities will be renewed[13](index=13&type=chunk) - Management will consider other financing arrangements and fundraising options to increase capital and support company growth[13](index=13&type=chunk) - Management will implement stricter cost control measures to improve working capital and cash flows[13](index=13&type=chunk) [Operating Segment Information](index=12&type=section&id=Operating%20Segment%20Information) The Group operates solely in the food and beverage and entertainment industry with no separate reportable segments, deriving all revenue and holding all non-current assets in Hong Kong, with no single customer contributing 10% or more of total revenue - The Group has no separate reportable segments, with all business operations and non-current assets located in Hong Kong[14](index=14&type=chunk)[16](index=16&type=chunk) [Geographical Information](index=12&type=section&id=Geographical%20Information) All of the Group's revenue from external customers and non-current assets are located in Hong Kong, with no revenue generated or non-current properties held in mainland China Revenue by Geographical Area (For the six months ended June 30) | Region | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Hong Kong | 30,038 | 42,251 | Non-current Assets by Geographical Area (As of June 30) | Region | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | Hong Kong | 11,635 | 16,517 | [Major Customer Information](index=13&type=section&id=Major%20Customer%20Information) During the period, no single external customer accounted for 10% or more of the Group's total revenue - No single customer contributed **10% or more of total revenue** this period, indicating a diversified customer base[17](index=17&type=chunk) [Revenue Analysis](index=13&type=section&id=Revenue%20Analysis) The Group's revenue primarily stems from the sale of food, beverages, and other products, as well as event organization, totaling HKD 30,038 thousand for the six months ended June 30, 2025, with food and other product sales contributing HKD 27,295 thousand Revenue Analysis (For the six months ended June 30) | Revenue Source | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Sale of food and other products | 27,295 | 38,038 | | Sale of beverages | 2,743 | 4,213 | | **Total Revenue** | **30,038** | **42,251** | - Sale of food and other products is the primary revenue source, accounting for **90.8% of total revenue**[19](index=19&type=chunk) [Other Income and Gains](index=14&type=section&id=Other%20Income%20and%20Gains) For the six months ended June 30, 2025, other income and gains significantly increased to HKD 606 thousand (from HKD 21 thousand in 2024), primarily due to a reversal of accrued expenses, net exchange gains, and other interest income Other Income and Gains (For the six months ended June 30) | Source | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Net exchange gains | 18 | – | | Other interest income | 115 | – | | Others | 23 | 21 | | Reversal of accrued expenses | 450 | – | | **Total** | **606** | **21** | - **Reversal of accrued expenses** is the main contributor to the significant increase in other income and gains this period[20](index=20&type=chunk) [Taxation](index=14&type=section&id=Taxation) For the six months ended June 30, 2025 and 2024, the Group incurred no income tax expense, primarily because its Hong Kong subsidiaries had no estimated assessable profits - No income tax expense was incurred this period or in the prior period, as Hong Kong subsidiaries had no assessable profits[21](index=21&type=chunk) [Earnings/(Loss) Per Share](index=15&type=section&id=Earnings%2F(Loss)%20Per%20Share) For the six months ended June 30, 2025, basic and diluted earnings per share attributable to owners of the Company were 1.36 HK cents, a significant improvement from a loss of 0.50 HK cents per share in 2024, primarily due to a positive profit for the period Earnings/(Loss) Per Share (For the six months ended June 30) | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Profit/(loss) for basic and diluted earnings/(loss) per share (HKD thousands) | 7,476 | (2,732) | | Weighted average number of ordinary shares (thousands) | 548,256 | 548,256 | | Basic earnings/(loss) per share (HK cents) | 1.36 | (0.50) | | Diluted earnings/(loss) per share (HK cents) | 1.36 | (0.50) | - Basic and diluted earnings per share turned from loss to profit, reflecting improved company profitability[22](index=22&type=chunk) [Finance Costs](index=16&type=section&id=Finance%20Costs) For the six months ended June 30, 2025, finance costs decreased to HKD 489 thousand from HKD 527 thousand in 2024, primarily due to reduced bank loan interest, despite an increase in lease liabilities interest Finance Costs (For the six months ended June 30) | Source | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Bank loan interest | 125 | 376 | | Lease liabilities interest | 263 | 144 | | Interest on provision for restoration costs | 31 | – | | Others | 70 | 7 | | **Total** | **489** | **527** | - A significant decrease in **bank loan interest** is the main reason for the reduction in finance costs[23](index=23&type=chunk) [Dividend Policy](index=16&type=section&id=Dividend%20Policy) The Board of Directors does not recommend the payment of an interim dividend for the six months ended June 30, 2025, consistent with the same period in 2024 - The Board of Directors does not recommend paying an interim dividend[24](index=24&type=chunk) [Property, Plant and Equipment](index=16&type=section&id=Property,%20Plant%20and%20Equipment) For the six months ended June 30, 2025, the Group's cost of acquiring property, plant and equipment decreased to HKD 69 thousand from HKD 237 thousand in 2024, with no disposals during the period - The cost of acquiring property, plant and equipment this period was **HKD 69 thousand**, a **70.8% decrease** year-on-year[25](index=25&type=chunk) - No property, plant and equipment items were disposed of during the period[26](index=26&type=chunk) [Right-of-Use Assets and Lease Liabilities](index=17&type=section&id=Right-of-Use%20Assets%20and%20Lease%20Liabilities) As of June 30, 2025, right-of-use assets decreased to HKD 7,771 thousand from HKD 12,263 thousand, primarily due to depreciation, while total lease liabilities were HKD 7,990 thousand, reflecting a reduction in leased restaurant properties Right-of-Use Assets (As of June 30) | Indicator | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | January 1 | 12,263 | 4,087 | | Depreciation provision | (4,492) | (10,513) | | Period-end | 7,771 | 12,263 | Lease Liabilities (As of June 30) | Indicator | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | Current | 7,832 | 8,764 | | Non-current | 158 | 4,012 | | **Total** | **7,990** | **12,776** | - The number of restaurant properties leased by the Group decreased from five to four, with lease terms ranging from 1 to 2 years[27](index=27&type=chunk) [Trade and Other Receivables](index=19&type=section&id=Trade%20and%20Other%20Receivables) As of June 30, 2025, net trade receivables increased to HKD 950 thousand, while total other receivables and deposits decreased to HKD 6,071 thousand, with the Group maintaining a 60-day credit period and strict control over outstanding receivables Trade and Other Receivables (As of June 30) | Indicator | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | Net trade receivables | 950 | 630 | | Net other receivables | 458 | 400 | | Prepayments | 1,268 | 1,789 | | Net deposits | 3,395 | 4,492 | | **Total** | **6,071** | **7,311** | - The Group has a **60-day credit period** for trade receivables and no significant concentration of credit risk[29](index=29&type=chunk)[30](index=30&type=chunk) [Ageing Analysis of Trade Receivables](index=20&type=section&id=Ageing%20Analysis%20of%20Trade%20Receivables) As of June 30, 2025, trade receivables (net of credit loss allowance) were primarily concentrated in the 0-30 day (HKD 611 thousand) and 31-60 day (HKD 253 thousand) ageing brackets Ageing Analysis of Trade Receivables (As of June 30) | Ageing | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | 0 to 30 days | 611 | 626 | | 31 to 60 days | 253 | 4 | | 61 to 90 days | 86 | – | | 91 to 120 days | – | – | | **Total** | **950** | **630** | [Movement in Credit Loss Allowance](index=20&type=section&id=Movement%20in%20Credit%20Loss%20Allowance) As of June 30, 2025, the allowance for credit losses on trade receivables decreased from HKD 3,118 thousand to HKD 323 thousand, mainly due to write-offs and a reduction in expected credit loss provisions Movement in Accumulated Credit Loss Allowance for Trade Receivables (As of June 30) | Indicator | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | January 1 | 3,118 | 883 | | Write-offs | (726) | (668) | | Expected credit loss allowance recognized during the period | (2,069) | 2,903 | | **Period-end** | **323** | **3,118** | - The allowance for credit losses on trade receivables significantly decreased, primarily due to write-offs and adjustments to expected credit loss provisions[32](index=32&type=chunk) [Loans Receivable](index=22&type=section&id=Loans%20Receivable) The Group's total loans receivable of HKD 3,450 thousand are fully provided for expected credit losses, resulting in a net balance of zero, as these loans are overdue by 90 days or more, and recovery is deemed unlikely Loans Receivable (As of June 30) | Indicator | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | Total loans receivable | 3,450 | 3,450 | | Less: Allowance for expected credit losses | (3,450) | (3,450) | | **Net loans receivable** | **–** | **–** | - Loans receivable are fully provided for, with the company deeming recovery unlikely and having initiated legal action[35](index=35&type=chunk) [Trade and Other Payables](index=23&type=section&id=Trade%20and%20Other%20Payables) As of June 30, 2025, total trade and other payables decreased to HKD 32,371 thousand, primarily comprising other payables, rental payables, and accrued expenses, including defaulted convertible notes and director/shareholder loans Trade and Other Payables (As of June 30) | Indicator | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | Trade payables | 3,404 | 4,004 | | Rental payables | 3,240 | 1,813 | | Other payables | 14,198 | 18,758 | | Directors' loans | 850 | 750 | | Shareholders' loans | 1,825 | 1,825 | | Accrued expenses | 8,368 | 6,934 | | Other tax payables | 486 | 839 | | **Total** | **32,371** | **34,823** | - Other payables include approximately **HKD 1,404 thousand** for defaulted convertible promissory notes[39](index=39&type=chunk) - Directors' loans and a portion of shareholders' loans bear interest at an **annual rate of 5.25%**[38](index=38&type=chunk)[39](index=39&type=chunk) [Ageing Analysis of Trade Payables](index=24&type=section&id=Ageing%20Analysis%20of%20Trade%20Payables) As of June 30, 2025, trade payables were mainly concentrated in the 0-30 day (HKD 1,006 thousand) and 91-120 day (HKD 1,255 thousand) ageing brackets Ageing Analysis of Trade Payables (As of June 30) | Ageing | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | 0 to 30 days | 1,006 | 1,401 | | 31 to 60 days | 412 | 691 | | 61 to 90 days | 731 | 528 | | 91 to 120 days | 1,255 | 1,384 | | **Total** | **3,404** | **4,004** | [Share Capital](index=24&type=section&id=Share%20Capital) As of June 30, 2025, the Company's authorized share capital was HKD 100,000 thousand, with issued and fully paid share capital of HKD 54,826 thousand, comprising 548,256 thousand shares, unchanged from December 31, 2024 Share Capital (As of June 30) | Indicator | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Authorized share capital (HKD thousands) | 100,000 | 100,000 | | Issued and fully paid share capital (HKD thousands) | 54,826 | 54,826 | | Issued ordinary shares (thousands) | 548,256 | 548,256 | - The share capital structure remained stable this period, with no new issuances or redemptions[41](index=41&type=chunk) [Capital Commitments](index=25&type=section&id=Capital%20Commitments) As of June 30, 2025, the Group's outstanding contracted capital commitments not yet provided for in the financial statements amounted to HKD 18,207 thousand, primarily representing unpaid capital contributions to a PRC subsidiary, consistent with December 31, 2024 Capital Commitments (As of June 30) | Indicator | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | Unpaid capital contribution to a PRC subsidiary | 18,207 | 18,207 | - Capital commitments primarily relate to capital contributions to a PRC subsidiary, with the amount remaining unchanged[42](index=42&type=chunk) [Significant Related Party Transactions](index=25&type=section&id=Significant%20Related%20Party%20Transactions) The Group engaged in several related party transactions, including remuneration paid to key management personnel and rental and loan interest expenses with specific related parties, with key management remuneration decreasing and Mr. Choi Siu Chak's loan interest expense increasing - The Group's related party transactions include key management personnel remuneration, rental expenses, and loan interest expenses[43](index=43&type=chunk)[44](index=44&type=chunk) [Key Management Personnel Remuneration](index=25&type=section&id=Key%20Management%20Personnel%20Remuneration) For the six months ended June 30, 2025, total remuneration paid to the Group's key management personnel was HKD 545 thousand, a 42.8% decrease from HKD 953 thousand in 2024 Key Management Personnel Remuneration (For the six months ended June 30) | Remuneration Type | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Salaries and other short-term employee benefits | 532 | 935 | | Retirement scheme contributions | 13 | 18 | | **Total** | **545** | **953** | - Key management personnel remuneration decreased by **42.8% year-on-year**, reflecting cost control measures[43](index=43&type=chunk) [Other Related Party Transactions](index=26&type=section&id=Other%20Related%20Party%20Transactions) For the six months ended June 30, 2025, the Group incurred no rental expenses to Zone One (CS) Limited (HKD 510 thousand in 2024), but loan interest expenses paid to Executive Director Mr. Choi Siu Chak increased from HKD 7 thousand to HKD 19 thousand Other Related Party Transactions (For the six months ended June 30) | Related Party | Nature of Transaction | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | :--- | | Zone One (CS) Limited | Rental expenses | – | 510 | | Choi Siu Chak | Loan interest expenses | 19 | 7 | - Rental expenses with Zone One (CS) Limited have ceased, but loan interest expenses paid to Executive Director Mr. Choi Siu Chak have increased[44](index=44&type=chunk) Management Discussion and Analysis [Business Review and Outlook](index=27&type=section&id=Business%20Review%20and%20Outlook) In the first half of 2025, the Group closed "SIXA" to focus resources on "HEXA," addressing challenges through promotions and cost control, with a continued focus on "HEXA's" refined operations, menu development, timed promotions, service enhancement, and supply chain optimization for the second half - The Group closed "SIXA" on March 24, 2025, to concentrate resources on "HEXA"[46](index=46&type=chunk) - Cost control measures, including human resource optimization and supplier repricing, are being tightened, alongside ongoing menu development[46](index=46&type=chunk) - The second half will focus on timed promotions, themed menus, strict cost control, and supply chain optimization[46](index=46&type=chunk)[60](index=60&type=chunk) [Business Review](index=27&type=section&id=Business%20Review) In the first half of 2025, the Group closed "SIXA" to focus on "HEXA" as its core restaurant, successfully mitigating declining customer traffic through promotional activities, while managing operational challenges and costs via human resource optimization and supplier repricing - "SIXA" was closed to focus on "HEXA" operations[46](index=46&type=chunk) - Promotional activities were launched to maintain customer traffic, but the operating environment remains challenging[46](index=46&type=chunk) - Cost control was tightened through human resource optimization and supplier repricing[46](index=46&type=chunk) [Outlook](index=31&type=section&id=Outlook) In the second half of 2025, the Group will prioritize refining "HEXA's" menu and pricing, implementing timed promotions and themed meals to boost off-peak utilization, and enhancing service standards, while maintaining strict cost control and exploring new business opportunities - The second half will focus on refining "HEXA's" menu and pricing, and improving off-peak utilization through timed promotions[60](index=60&type=chunk) - Strict cost control will continue through lean staffing, tighter procurement terms, and supply chain optimization[60](index=60&type=chunk) - The company will prudently manage incremental demand, monitor lease economics and financial costs, and identify potential business and investment opportunities[60](index=60&type=chunk) [Financial Review](index=27&type=section&id=Financial%20Review) The Group's revenue for the first half of 2025 decreased by 29.1% to HKD 30.0 million, primarily due to shifting customer consumption patterns towards mainland China, while various expenses significantly declined due to the cessation of "SIXA" operations and strict cost control measures, resulting in a net loss attributable to owners of the Company of HKD 7.5 million - Revenue decreased by **29.1% to HKD 30.0 million** year-on-year, mainly due to shifting customer consumption patterns towards mainland China[47](index=47&type=chunk) - Various operating expenses significantly decreased due to the cessation of "SIXA" operations and strict cost control measures[48](index=48&type=chunk)[49](index=49&type=chunk) - The net loss attributable to owners of the Company was **HKD 7.5 million**, primarily impacted by the cessation of "SIXA" operations and the reversal of expected credit losses[50](index=50&type=chunk) [Revenue](index=27&type=section&id=Revenue) The Group's total revenue decreased by 29.1% from approximately HKD 42.3 million in the first half of 2024 to approximately HKD 30.0 million in the same period of 2025, mainly due to customers shifting their consumption patterns towards mainland China Revenue (For the six months ended June 30) | Indicator | 2025 (HKD millions) | 2024 (HKD millions) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Total Revenue | 30.0 | 42.3 | -29.1% | [Expenses](index=28&type=section&id=Expenses) Cost of inventories sold, staff costs, property rental and related expenses, advertising and marketing expenses, other operating expenses, and depreciation and amortization all significantly decreased due to the cessation of "SIXA" operations and strict cost control measures, with staff costs seeing the largest reduction at 95.4% Key Expense Changes (For the six months ended June 30) | Expense Item | 2025 (HKD millions) | 2024 (HKD millions) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Cost of inventories sold | 9.3 | 12.8 | -27.3% | | Staff costs | 10.3 | 16.5 | -37.8% | | Property rental and related expenses | 2.1 | 3.1 | -32.3% | | Advertising and marketing expenses | 0.032 | 0.215 | -85.1% | | Other operating expenses | 5.6 | 5.8 | -3.4% | | Depreciation and amortization | 4.8 | 6.8 | -29.4% | - **Staff costs decreased significantly by 95.4%**, primarily due to the cessation of "SIXA" operations and strict cost control[48](index=48&type=chunk) [Loss Attributable to Owners of the Company](index=28&type=section&id=Loss%20Attributable%20to%20Owners%20of%20the%20Company) In the first half of 2025, the net loss attributable to owners of the Company was approximately HKD 7.5 million, compared to a net loss of approximately HKD 2.7 million in the same period of 2024, mainly due to the cessation of "SIXA" operations and a reversal of expected credit losses Loss Attributable to Owners of the Company (For the six months ended June 30) | Indicator | 2025 (HKD millions) | 2024 (HKD millions) | | :--- | :--- | :--- | | Net loss attributable to owners of the Company | 7.5 | 2.7 | - The increased loss is primarily due to the cessation of "SIXA" operations and the reversal of expected credit losses[50](index=50&type=chunk) [Liquidity, Financial Resources and Capital Structure](index=29&type=section&id=Liquidity,%20Financial%20Resources%20and%20Capital%20Structure) As of June 30, 2025, the Group's current and quick ratios both declined to 0.1, and the debt-to-equity ratio rose to 302.7%, indicating increased liquidity pressure, with cash and cash equivalents falling to HKD 0.8 million and external borrowings at HKD 7.6 million, prompting the company to implement measures to alleviate liquidity strain Key Financial Ratios (As of June 30) | Ratio | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Current Ratio | 0.1 | 0.2 | | Quick Ratio | 0.1 | 0.2 | | Debt-to-equity Ratio | 302.7% | 227.3% | - Current and quick ratios decreased, while the debt-to-equity ratio increased, indicating heightened liquidity pressure[51](index=51&type=chunk) [Key Financial Ratios](index=29&type=section&id=Key%20Financial%20Ratios) As of June 30, 2025, the Group's current ratio was 0.1, quick ratio was 0.1, and debt-to-equity ratio was 302.7%, with the gearing ratio not applicable Key Financial Ratios (As of June 30) | Ratio | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Current Ratio | 0.1 | 0.2 | | Quick Ratio | 0.1 | 0.2 | | Debt-to-equity Ratio | 302.7% | 227.3% | | Gearing Ratio | Not applicable | Not applicable | [Cash and External Borrowings](index=29&type=section&id=Cash%20and%20External%20Borrowings) As of June 30, 2025, the Group's cash and cash equivalents significantly decreased to HKD 0.8 million from HKD 4.0 million, while external borrowings slightly declined to HKD 7.6 million from HKD 8.8 million Cash and External Borrowings (As of June 30) | Indicator | June 30, 2025 (HKD millions) | December 31, 2024 (HKD millions) | | :--- | :--- | :--- | | Cash and cash equivalents | 0.8 | 4.0 | | External borrowings | 7.6 | 8.8 | - Cash and cash equivalents significantly decreased, while external borrowings slightly declined[54](index=54&type=chunk) [Pledge of Assets](index=29&type=section&id=Pledge%20of%20Assets) As of June 30, 2025, the Group had no assets pledged - The Group has no assets pledged[55](index=55&type=chunk) [Foreign Exchange Risk](index=30&type=section&id=Foreign%20Exchange%20Risk) The Group's primary business operations are conducted in HKD and RMB, with overseas financial statements translated into HKD, and due to the relatively stable HKD exchange rate, currency fluctuations are not expected to materially impact operations - Primary business operations are in HKD and RMB, and with a stable HKD exchange rate, foreign exchange risk is not expected to be significant[56](index=56&type=chunk) [Contingent Liabilities and Capital Commitments](index=30&type=section&id=Contingent%20Liabilities%20and%20Capital%20Commitments) Except as disclosed in this interim report, the Group had no other contingent liabilities or capital commitments as of June 30, 2025 - Except as disclosed, the Group has no other contingent liabilities or capital commitments[57](index=57&type=chunk) [Material Investments, Acquisitions and Disposals](index=30&type=section&id=Material%20Investments,%20Acquisitions%20and%20Disposals) Subsequent to the reporting period, the Company's non-wholly owned subsidiary, Hua Run Group Limited, entered into a subscription agreement to issue convertible bonds totaling HKD 3,000,000, which upon full conversion, will reduce the Company's equity interest in the target company to approximately 13.2%, constituting a deemed disposal of interest - Non-wholly owned subsidiary Hua Run Group Limited issued **HKD 3,000,000 convertible bonds**[58](index=58&type=chunk) - Upon full conversion, the Company's equity interest in the target company will decrease to approximately **13.2%**, constituting a deemed disposal[58](index=58&type=chunk) [Employees and Remuneration Policy](index=31&type=section&id=Employees%20and%20Remuneration%20Policy) As of June 30, 2025, the Group had 49 employees, a significant reduction from 87 in 2024, with remuneration policies based on market terms and individual performance to offer competitive compensation and optimize staff structure Number of Employees (As of June 30) | Indicator | June 30, 2025 | 2024 | | :--- | :--- | :--- | | Number of employees | 49 | 87 | - The number of employees significantly decreased, and the company is actively optimizing its staff structure and offering competitive remuneration packages[59](index=59&type=chunk) Other Information [Directors' and Chief Executive's Interests](index=32&type=section&id=Directors'%20and%20Chief%20Executive's%20Interests) As of June 30, 2025, Executive Director Mr. Choi Siu Chak held a 19.95% long position in the Company's ordinary shares through controlled corporations and joint holdings, and also held interests in Welmen Investment Co. Ltd Directors' and Chief Executive's Interests (As of June 30) | Name | Group Member/Associated Corporation | Nature of Interest | Number and Class of Securities | Approximate Percentage of Shareholding | | :--- | :--- | :--- | :--- | :--- | | Mr. Choi Siu Chak | The Company | Interest in controlled corporation, interest held jointly with another person | 109,350,000 ordinary shares (L) | 19.95% | | Mr. Choi Siu Chak | Welmen | Interest in controlled corporation | 3,031.11 ordinary shares (L) | 30.3111% | | Mr. Choi Siu Chak | Welmen | Beneficial owner | 1,262.225 ordinary shares (L) | 12.62225% | - Mr. Choi Siu Chak holds significant interests in the Company and its associated corporations through various means[62](index=62&type=chunk) [Major Shareholders' Interests](index=34&type=section&id=Major%20Shareholders'%20Interests) As of June 30, 2025, Restoran Oversea (CST) Sdn Bhd was the largest shareholder with 29.00% of shares, while Welmen Investment Co. Ltd. and its associates (including Mr. Choi Yat Hon, Mr. Choi Siu Chak, and other parties acting in concert) collectively held 19.95%, and Trendy Pleasure Limited and its associates held 5.47% Major Shareholders' Interests (As of June 30) | Shareholder Name/Designation | Nature of Interest | Number and Class of Securities | Approximate Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Restoran Oversea (CST) Sdn Bhd | Beneficial owner | 158,988,000 ordinary shares (L) | 29.00% | | Welmen Investment Co. Ltd | Beneficial owner | 109,350,000 ordinary shares (L) | 19.95% | | Yui Tak Investment Limited | Interest in controlled corporation | 109,350,000 ordinary shares (L) | 19.95% | | Mr. Choi Yat Hon | Interest in controlled corporation, interest held jointly with another person | 109,350,000 ordinary shares (L) | 19.95% | | Mr. Au Wai Pong | Interest held jointly with another person | 109,350,000 ordinary shares (L) | 19.95% | | Mr. Au Ka Wai | Interest held jointly with another person | 109,350,000 ordinary shares (L) | 19.95% | | Mr. Yeung Chi Shing | Interest held jointly with another person | 109,350,000 ordinary shares (L) | 19.95% | | Ms. Chan Ting Fai | Spouse's interest | 109,350,000 ordinary shares (L) | 19.95% | | Ms. Lee Wan | Spouse's interest | 109,350,000 ordinary shares (L) | 19.95% | | Trendy Pleasure Limited | Beneficial owner | 30,000,000 ordinary shares (L) | 5.47% | | Saint Lotus Cultural Development Group Co., Limited | Interest in controlled corporation | 30,000,000 ordinary shares (L) | 5.47% | | Mr. Cheung Kin Kwong | Interest in controlled corporation | 30,000,000 ordinary shares (L) | 5.47% | - Multiple directors and affiliated parties collectively hold company shares through acting in concert agreements[64](index=64&type=chunk)[69](index=69&type=chunk) [Dealings in Listed Securities](index=36&type=section&id=Dealings%20in%20Listed%20Securities) 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 listed securities - During this period, the company and its subsidiaries did not purchase, sell, or redeem any listed securities[68](index=68&type=chunk) [Interests in Competing Business](index=37&type=section&id=Interests%20in%20Competing%20Business) Directors hold interests in various restaurant and bar businesses in Macau and Hong Kong, but the company believes these are distinct and do not constitute direct or indirect competition, while Executive Director Mr. Choi Siu Chak's spouse holds interests in several Hong Kong restaurant businesses - Directors hold interests in restaurant and bar businesses in Macau and Hong Kong, but the company believes these do not constitute competition[70](index=70&type=chunk) - Mr. Choi Siu Chak's spouse holds interests in Lucky Pot Catering Group Company Limited, Sham Tseng Chan Kee Roasted Goose Company Limited, and Yu Tung Company Limited in Hong Kong[70](index=70&type=chunk) [Share Option Scheme](index=38&type=section&id=Share%20Option%20Scheme) The Company adopted a share option scheme on October 18, 2016, to incentivize employees and directors, with a 10-year validity period expiring on November 11, 2026, and as of June 30, 2025, 2,250,810 share options remained unexercised at an exercise price of HKD 0.5921 - The share option scheme was adopted in 2016 to incentivize employees and is valid until **November 11, 2026**[72](index=72&type=chunk) Share Option Movements (As of June 30) | Category | Grant Date | Exercise Period | Exercise Price | Unexercised as of January 1, 2025 | Unexercised as of June 30, 2025 | | :--- | :--- | :--- | :--- | :--- | :--- | | Employees and consultants | October 2, 2018 | 2018.10.2-2028.10.1 | HKD 0.5921 | 771,180 | 771,180 | | Employees and consultants | October 2, 2018 | 2019.10.2-2028.10.1 | HKD 0.5921 | 771,180 | 771,180 | | Employees and consultants | October 2, 2018 | 2020.10.2-2028.10.1 | HKD 0.5921 | 451,390 | 451,390 | | Employees and consultants | October 2, 2018 | 2021.10.2-2028.10.1 | HKD 0.5921 | 257,060 | 257,060 | | **Total** | | | | **2,250,810** | **2,250,810** | - As of June 30, 2025, **2,250,810 share options** remained unexercised, with an exercise price of **HKD 0.5921**[75](index=75&type=chunk) [Corporate Governance Practices](index=41&type=section&id=Corporate%20Governance%20Practices) The Group is committed to maintaining high corporate governance standards, having adopted and complied with the Corporate Governance Code set out in Appendix C1 of the GEM Listing Rules, believing it benefits shareholders and supports sustainable growth - The Group has adopted and complies with the GEM Listing Rules' Corporate Governance Code, committed to maintaining high standards[81](index=81&type=chunk) [Changes in Directors' Information](index=41&type=section&id=Changes%20in%20Directors'%20Information) Except as disclosed in this report, there were no changes in directors' information during the six months ended June 30, 2025, and up to the date of this report - No changes in directors' information occurred during this period[82](index=82&type=chunk) [Directors' Securities Transactions](index=41&type=section&id=Directors'%20Securities%20Transactions) The Company has adopted a code of conduct for directors' securities transactions, and all directors confirmed compliance with the standard code during the six months ended June 30, 2025 - Directors confirm compliance with the company's standard code for securities transactions[83](index=83&type=chunk) [Dividends](index=42&type=section&id=Dividends) The Board of Directors resolved not to declare a dividend for the six months ended June 30, 2025, consistent with the same period in 2024 - The Board of Directors does not declare an interim dividend[84](index=84&type=chunk) [Audit Committee](index=42&type=section&id=Audit%20Committee) The Company has established an Audit Committee, chaired by Independent Non-executive Director Ms. Tse Mei Ling, responsible for providing independent advice on financial reporting, internal controls, and risk management, and has reviewed the financial information in this interim report - The Audit Committee, composed of independent non-executive directors, is responsible for financial reporting, internal controls, and risk management[85](index=85&type=chunk) - The Audit Committee has reviewed the unaudited financial statements in this interim report[85](index=85&type=chunk) [Major Transactions and Compliance Issues](index=42&type=section&id=Major%20Transactions%20and%20Compliance%20Issues) The Group failed to comply with GEM Listing Rules' notification, announcement, and shareholder approval requirements when renewing tenancy agreements for Taikoo Property and Harbour City Property due to an unintentional oversight regarding HKFRS 16, expressing regret and committing to remedial actions to enhance internal controls and compliance, while a non-wholly owned subsidiary's convertible bond issuance also constitutes a major transaction requiring GEM Listing Rules compliance - The company failed to comply with GEM Listing Rules 19.34, 19.38, and 19.40 due to an unintentional oversight in implementing HKFRS 16 regarding tenancy agreements[92](index=92&type=chunk) - Remedial actions will include providing GEM Listing Rules training for board members, senior management, and responsible personnel[93](index=93&type=chunk) - Internal controls and reporting procedures will be strengthened, with annual reviews of existing procedures and consultation with external professionals as needed[93](index=93&type=chunk) - The issuance of convertible bonds by a non-wholly owned subsidiary constitutes a major transaction requiring compliance with GEM Listing Rules for reporting, announcement, and shareholder approval[95](index=95&type=chunk) [Discloseable Transaction on Renewal of Tenancy Agreement](index=42&type=section&id=Discloseable%20Transaction%20on%20Renewal%20of%20Tenancy%20Agreement) The Company's indirect non-wholly owned subsidiary, Hua Run Group Limited, renewed the Taikoo Property tenancy for approximately HKD 3.5 million plus additional turnover rent, constituting a discloseable transaction but exempted from shareholder approval - The renewal of the Taikoo Property tenancy, totaling approximately **HKD 3.5 million**, constitutes a discloseable transaction[86](index=86&type=chunk)[87](index=87&type=chunk) [Major Transaction on Renewal of Tenancy Agreement](index=43&type=section&id=Major%20Transaction%20on%20Renewal%20of%20Tenancy%20Agreement) The tenant renewed the Harbour City Property tenancy for approximately HKD 15.9 million plus additional turnover rent, constituting a major transaction requiring compliance with GEM Listing Rules for reporting, announcement, circular, and shareholder approval, though the EGM has not yet been convened - The renewal of the Harbour City Property tenancy, totaling approximately **HKD 15.9 million**, constitutes a major transaction[89](index=89&type=chunk) - This transaction requires compliance with GEM Listing Rules for reporting, announcement, circular, and shareholder approval, but the EGM has not yet been convened as of the report date[89](index=89&type=chunk)[90](index=90&type=chunk) [Remedial Actions](index=44&type=section&id=Remedial%20Actions) The company regrets its failure to comply with GEM Listing Rules regarding timely shareholder approval and announcement for the aforementioned tenancy agreements, and will implement remedial measures including training, enhanced internal controls, and external professional consultation to prevent recurrence - The company failed to comply with GEM Listing Rules 19.34, 19.38, and 19.40 due to an unintentional oversight in implementing HKFRS 16[92](index=92&type=chunk) - GEM Listing Rules training will be provided for board members, senior management, and responsible personnel[93](index=93&type=chunk) - Internal controls and reporting procedures will be strengthened, with annual reviews of existing procedures and consultation with external professionals as necessary[93](index=93&type=chunk) [Issue of Convertible Bonds by a Non-wholly Owned Subsidiary and Deemed Disposal of Interest Constituting a Major Transaction](index=46&type=section&id=Issue%20of%20Convertible%20Bonds%20by%20a%20Non-wholly%20Owned%20Subsidiary%20and%20Deemed%20Disposal%20of%20Interest%20Constituting%20a%20Major%20Transaction) The Company's non-wholly owned subsidiary, Hua Run Group Limited, issued convertible bonds with a principal amount of HKD 3,000,000 at an annual interest rate of 10%, which upon full conversion, will reduce the Company's equity interest in the target company to approximately 13.2%, constituting a major transaction requiring compliance with GEM Listing Rules for reporting, announcement, and shareholder approval - A non-wholly owned subsidiary issued **HKD 3,000,000 convertible bonds** at a **10% annual interest rate**[94](index=94&type=chunk) - Upon full conversion, the Company's equity interest in the target company will decrease to approximately **13.2%**[94](index=94&type=chunk) - This transaction constitutes a major transaction requiring compliance with GEM Listing Rules for reporting, announcement, and shareholder approval[95](index=95&type=chunk) [Post Balance Sheet Events](index=46&type=section&id=Post%20Balance%20Sheet%20Events) Except as disclosed in this interim report, there have been no other significant post-balance sheet events affecting the Group's operations and financial performance after June 30, 2025, and up to the date of this interim report - Except as disclosed, no significant post-balance sheet events have affected operations and financial performance[97](index=97&type=chunk) [Material Litigation](index=47&type=section&id=Material%20Litigation) For the six months ended June 30, 2025, the Company was not involved in any other material litigation or arbitration, and the directors are unaware of any outstanding or threatened material litigation or claims against the Group - During this period, the company had no material litigation or arbitration, nor any known threatened litigation or claims[98](index=98&type=chunk) [Board of Directors](index=47&type=section&id=Board%20of%20Directors) As of the date of this report, the Board of Directors comprises two executive directors (Mr. Choi Siu Chak, Mr. Ying Kan Man) and three independent non-executive directors (Ms. Tse Mei Ling, Mr. Tso Tik Fan, Ms. Ng Man Hung) - The Board of Directors consists of two executive directors and three independent non-executive directors[99](index=99&type=chunk)

Interim Results Announcement [Company Information and Disclaimer](index=1&type=section&id=LUK%20HING%20ENTERTAINMENT%20GROUP%20HOLDINGS%20LIMITED%20%E9%99%B8%20%E6%85%B6%20%E5%A8%9B%20%E6%A8%82%20%E9%9B%86%20%E5%9C%98%20%E6%8E%A7%20%E8%82%A1%20%E6%9C%89%20%E9%99%90%20%E5%85%AC%20%E5%8F%B8) Luk Hing Entertainment Group Holdings Limited (Stock Code: 8052) announced its interim results for the six months ended June 30, 2025, in compliance with GEM Listing Rules, with the Board assuming full responsibility for the announcement's content - Company name is Luk Hing Entertainment Group Holdings Limited, stock code **8052**, incorporated in the Cayman Islands[3](index=3&type=chunk) - This announcement is for the interim results for the six months ended June 30, 2025, complying with HKEX GEM Listing Rules[3](index=3&type=chunk)[4](index=4&type=chunk) - Board members include executive directors Mr. Choi Siu Kit, Mr. Ying Kan Man, and independent non-executive directors Ms. Tse Mei Ling, Mr. Zuo Tifen, Ms. Ng Man Hung[5](index=5&type=chunk)[6](index=6&type=chunk) [GEM Market Characteristics Statement](index=2&type=section&id=%E9%A6%99%E6%B8%AF%E8%81%AF%E5%90%88%E4%BA%A4%E6%98%93%E6%89%80%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8%EF%BC%88%E3%80%8C%E8%81%AF%E4%BA%A4%E6%89%80%E3%80%8D%EF%BC%89GEM%E7%9A%84%E7%89%B9%E8%89%B2) The GEM market provides a listing platform for SMEs with higher investment risks, requiring investor prudence; the Exchange disclaims responsibility for report content, with the Board jointly and severally liable for its accuracy - The GEM market offers a listing platform for SMEs, entailing higher investment risks and potential for significant securities market volatility[7](index=7&type=chunk) - Hong Kong Exchanges and Clearing Limited and the Exchange are not responsible for this report's content, with the Board jointly and severally assuming full responsibility[7](index=7&type=chunk) Unaudited Condensed Consolidated Financial Statements [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=3&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8) For the six months ended June 30, 2025, the Group's revenue decreased by **29.1%** to **HK$30,038 thousand**, with loss for the period significantly narrowing to **HK$158 thousand** (2024: loss of HK$3,476 thousand), and profit attributable to owners of the Company at **HK$7,476 thousand**, with basic earnings per share of **1.36 HK cents** Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (HK$ thousand) | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 30,038 | 42,251 | -29.1% | | Other income and gains | 606 | 21 | +2785.7% | | Cost of inventories sold | (9,326) | (12,769) | -26.9% | | Staff costs | (10,279) | (16,517) | -37.8% | | Property rental and related expenses | (2,130) | (3,132) | -32.0% | | Advertising and marketing expenses | (32) | (215) | -85.1% | | Other operating expenses | (5,605) | (5,793) | -3.2% | | Depreciation and amortization | (4,767) | (6,795) | -29.9% | | Impairment loss on expected credit losses (net of reversal) | 2,070 | – | N/A | | Impairment loss on property, plant and equipment | (244) | – | N/A | | Finance costs | (489) | (527) | -7.2% | | Loss before tax | (158) | (3,476) | -95.5% | | Loss for the period | (158) | (3,476) | -95.5% | | Profit/(loss) for the period attributable to owners of the Company | 7,476 | (2,732) | N/A (Turned to profit) | | Basic earnings/(loss) per share (HK cents) | 1.36 | (0.50) | N/A (Turned to profit) | [Condensed Consolidated Statement of Financial Position](index=5&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8) As of June 30, 2025, the Group's total assets were **HK$16,124 thousand**, total liabilities were **HK$48,812 thousand**, resulting in net liabilities of **HK$32,688 thousand**, a slight increase from year-end 2024; net current liabilities were **HK$43,485 thousand**, indicating significant going concern uncertainty Condensed Consolidated Statement of Financial Position (HK$ thousand) | Indicator | 2025 June 30 (HK$ thousand) | 2024 Dec 31 (HK$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | | **Assets** | | | | | Non-current assets | 11,635 | 16,517 | -29.6% | | Current assets | 4,489 | 9,032 | -50.3% | | **Total assets** | **16,124** | **25,549** | **-36.9%** | | **Liabilities** | | | | | Current liabilities | 47,974 | 53,404 | -10.1% | | Non-current liabilities | 838 | 4,675 | -82.1% | | **Total liabilities** | **48,812** | **58,079** | **-16.0%** | | **Equity** | | | | | Equity attributable to owners of the Company | (8,796) | (16,272) | N/A | | Non-controlling interests | (23,892) | (16,258) | +47.0% | | **Total equity** | **(32,688)** | **(32,530)** | **+0.5%** | | Net current liabilities | (43,485) | (44,372) | -2.0% | | Net liabilities | (32,688) | (32,530) | +0.5% | [Condensed Consolidated Statement of Changes in Equity](index=7&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E6%AC%8A%E7%9B%8A%E8%AE%8A%E5%8B%95%E8%A1%A8) For the six months ended June 30, 2025, equity attributable to owners of the Company improved from **HK$(16,272) thousand** at the beginning of the period to **HK$(8,796) thousand**, primarily due to a profit of **HK$7,476 thousand** for the period, while non-controlling interests deteriorated from **HK$(16,258) thousand** to **HK$(23,892) thousand** Condensed Consolidated Statement of Changes in Equity (HK$ thousand) | Indicator | 2025 June 30 (HK$ thousand) | 2025 Jan 1 (HK$ thousand) | 2024 June 30 (HK$ thousand) | 2024 Jan 1 (HK$ thousand) | | :--- | :--- | :--- | :--- | :--- | | Equity attributable to owners of the Company | (8,796) | (16,272) | (10,307) | (7,576) | | Non-controlling interests | (23,892) | (16,258) | (15,210) | (14,466) | | Total equity | (32,688) | (32,530) | (25,517) | (22,042) | | Profit/(loss) for the period (attributable to owners of the Company) | 7,476 | N/A | (2,732) | N/A | | Profit/(loss) for the period (attributable to non-controlling interests) | (7,634) | N/A | (744) | N/A | [Condensed Consolidated Statement of Cash Flows](index=8&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E7%8F%BE%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8) For the six months ended June 30, 2025, net cash generated from operating activities was **HK$3,301 thousand**, net cash used in investing activities was **HK$69 thousand**, and net cash used in financing activities was **HK$6,454 thousand**, resulting in a net decrease in cash and cash equivalents of **HK$3,222 thousand**, with cash and cash equivalents at period-end of **HK$750 thousand** Condensed Consolidated Statement of Cash Flows (HK$ thousand) | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Net cash generated from operating activities | 3,301 | 5,909 | | Net cash used in investing activities | (69) | (237) | | Net cash (used in) financing activities | (6,454) | (6,035) | | Net decrease in cash and cash equivalents | (3,222) | (363) | | Cash and cash equivalents at beginning of period | 3,972 | 846 | | Cash and cash equivalents at end of period | 750 | 484 | Notes to the Unaudited Condensed Consolidated Financial Statements [1. General Information](index=9&type=section&id=1.%20%E4%B8%80%E8%88%AC%E8%B3%87%E6%96%99) The Company was incorporated in the Cayman Islands on November 30, 2015, listed on HKEX GEM on November 11, 2016, primarily engaging in F&B and entertainment, including operating clubs and restaurants, and organizing music-related events; functional currencies are HKD and RMB - The Company was incorporated in the Cayman Islands on **November 30, 2015**, and listed on HKEX GEM on **November 11, 2016**[14](index=14&type=chunk) - The Group primarily engages in F&B and entertainment businesses, including operating clubs and restaurants, and organizing music-related special events[14](index=14&type=chunk) - The functional currency for PRC subsidiaries is RMB, while for Hong Kong and the Company, it is HKD[14](index=14&type=chunk) [2. Basis of Preparation](index=10&type=section&id=2.%20%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) [2. (a) Statement of Compliance](index=10&type=section&id=2.%20(a)%20%E5%90%88%E8%A6%8F%E8%81%B2%E6%98%8E) The Group's unaudited condensed consolidated interim financial information for the six months ended June 30, 2025, has been prepared in accordance with Hong Kong Financial Reporting Standards issued by the HKICPA and applicable disclosure requirements of the GEM Listing Rules - The financial information is unaudited but complies with Hong Kong Financial Reporting Standards and GEM Listing Rules disclosure requirements[15](index=15&type=chunk) [2. (b) Basis of Measurement and Going Concern Assumption](index=10&type=section&id=2.%20(b)%20%E8%A8%88%E9%87%8F%E5%9F%BA%E6%BA%96%E5%8F%8A%E6%8C%81%E7%BA%8C%E7%B6%93%E7%87%9F%E5%81%87%E8%A8%AD) As of June 30, 2025, the Group had net current liabilities of **HK$43,485 thousand** and net liabilities of **HK$32,688 thousand**, indicating significant uncertainty regarding its ability to continue as a going concern; the Board has implemented measures including negotiating bank financing, seeking other funding arrangements, and strict cost control to ensure going concern - As of June 30, 2025, the Group had net current liabilities of approximately **HK$43,485 thousand** and net liabilities of approximately **HK$32,688 thousand**, raising significant doubt about its ability to continue as a going concern[16](index=16&type=chunk) - Management will continue to negotiate with banks for renewal of bank financing and consider other financing arrangements and fundraising options to increase capital[17](index=17&type=chunk)[18](index=18&type=chunk) - The Board will implement stricter measures to improve working capital and cash flow, including close monitoring of operating expenses[18](index=18&type=chunk) [3. Operating Segments](index=12&type=section&id=3.%20%E7%B6%93%E7%87%9F%E5%88%86%E9%83%A8) The Group primarily operates in the F&B and entertainment industry with no separate reportable segments; all revenue and non-current assets are derived from and located in Hong Kong - The Group primarily engages in the F&B and entertainment industry and has no separate reportable segments[19](index=19&type=chunk) Hong Kong Revenue (HK$ thousand) | Geographical Region | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Hong Kong Revenue | 30,038 | 42,251 | Hong Kong Non-current Assets (HK$ thousand) | Geographical Region | 2025 June 30 (HK$ thousand) | 2024 Dec 31 (HK$ thousand) | | :--- | :--- | :--- | | Hong Kong Non-current Assets | 11,635 | 16,517 | - During the period, no single external customer transaction generated revenue of **10% or more** of the Group's total revenue[22](index=22&type=chunk) [4. Revenue](index=13&type=section&id=4.%20%E6%94%B6%E7%9B%8A) The Group's revenue primarily derives from sales of food, beverages, and other products, as well as event organization (including sponsorship, admission fees, event rental, and cloakroom income); as of June 30, 2025, revenue from sales of food and other products was **HK$27,295 thousand**, and from sales of beverages was **HK$2,743 thousand** - Revenue refers to sales of food, beverages, and other products, as well as income from organizing events[23](index=23&type=chunk) Revenue Sources (HK$ thousand) | Revenue Source | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Sales of food and other products | 27,295 | 38,038 | | Sales of beverages | 2,743 | 4,213 | | **Total Revenue** | **30,038** | **42,251** | [5. Other Income and Gains](index=14&type=section&id=5.%20%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E5%8F%8A%E6%94%B6%E7%9B%8A) For the six months ended June 30, 2025, other income and gains significantly increased to **HK$606 thousand** (2024: HK$21 thousand), primarily due to reversal of accrued expenses of **HK$450 thousand**, other interest income of **HK$115 thousand**, and net exchange gain of **HK$18 thousand** Other Income and Gains (HK$ thousand) | Income Source | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Net exchange gain | 18 | – | | Other interest income | 115 | – | | Others | 23 | 21 | | Reversal of accrued expenses | 450 | – | | **Total** | **606** | **21** | [6. Taxation](index=14&type=section&id=6.%20%E7%A8%85%E9%A0%85) For the six months ended June 30, 2025, and 2024, the Group incurred no income tax expense, as its Hong Kong subsidiaries had no estimated assessable profits - For the first half of 2025 and 2024, the Group incurred no income tax expense[26](index=26&type=chunk) - No Hong Kong profits tax provision was made as Hong Kong subsidiaries had no estimated assessable profits[26](index=26&type=chunk) [7. Earnings/(Loss) Per Share](index=15&type=section&id=7.%20%E6%AF%8F%E8%82%A1%E8%99%A7%E6%90%8D) For the six months ended June 30, 2025, basic and diluted earnings per share attributable to owners of the Company were **1.36 HK cents**, compared to a loss of **0.50 HK cents** per share for the same period in 2024; basic and diluted earnings are identical due to the absence of potential dilutive ordinary shares Earnings/(Loss) Per Share (HK$ thousand / thousand shares) | Indicator | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Profit/(loss) for the purpose of basic and diluted earnings/(loss) per share | 7,476 | (2,732) | | Weighted average number of ordinary shares (thousands) | 548,256 | 548,256 | | Basic earnings/(loss) per share (HK cents) | 1.36 | (0.50) | | Diluted earnings/(loss) per share (HK cents) | 1.36 | (0.50) | - Diluted earnings/(loss) per share is identical to basic earnings/(loss) per share due to the absence of issued potential dilutive ordinary shares[27](index=27&type=chunk) [8. Finance Costs](index=16&type=section&id=8.%20%E8%9E%8D%E8%B3%87%E6%88%90%E6%9C%AC) For the six months ended June 30, 2025, finance costs were **HK$489 thousand**, a decrease from **HK$527 thousand** in the same period of 2024, primarily due to reduced interest on bank loans Finance Costs (HK$ thousand) | Source of Finance Costs | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Interest on bank loans | 125 | 376 | | Interest on lease liabilities | 263 | 144 | | Interest on provision for restoration costs | 31 | – | | Others | 70 | 7 | | **Total** | **489** | **527** | [9. Dividends](index=16&type=section&id=9.%20%E8%82%A1%E6%81%AF) The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025 - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025[29](index=29&type=chunk) [10. Property, Plant and Equipment](index=16&type=section&id=10.%20%E5%BB%A0%E6%89%80%E5%8F%8A%E8%A8%AD%E5%82%99) For the six months ended June 30, 2025, the Group acquired property, plant and equipment at a cost of **HK$69 thousand**, with no disposals during the period - In the first half of 2025, the Group acquired property, plant and equipment at a cost of **HK$69 thousand**, compared to **HK$237 thousand** in the same period of 2024[30](index=30&type=chunk) - In the first half of 2025, the Group had no disposals of property, plant and equipment[31](index=31&type=chunk) [11. Right-of-use Assets / Lease Liabilities](index=17&type=section&id=11.%20%E4%BD%BF%E7%94%A8%E6%AC%8A%E8%B3%87%E7%94%A2%E3%84%89%E7%A7%9F%E8%B3%83%E8%B2%A0%E5%82%B5) As of June 30, 2025, right-of-use assets were **HK$7,771 thousand**, a decrease from **HK$12,263 thousand** at year-end 2024, primarily due to depreciation provision; total lease liabilities were **HK$7,990 thousand**, with a current portion of **HK$7,832 thousand**; the Group leases four properties for restaurant operations Right-of-use Assets / Lease Liabilities (HK$ thousand) | Indicator | 2025 June 30 (HK$ thousand) | 2024 Dec 31 (HK$ thousand) | | :--- | :--- | :--- | | Right-of-use assets | 7,771 | 12,263 | | Lease liabilities (current) | 7,832 | 8,764 | | Lease liabilities (non-current) | 158 | 4,012 | | **Total lease liabilities** | **7,990** | **12,776** | - As of June 30, 2025, the Group leased four properties for restaurant operations, with lease terms of **1 to 2 years**[32](index=32&type=chunk) - The weighted average incremental borrowing rate applicable to lease liabilities ranged from **3.88% to 5.15%**[33](index=33&type=chunk) [12. Trade and Other Receivables](index=19&type=section&id=12.%20%E6%87%89%E6%94%B6%E8%B3%AC%E6%AC%BE%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E6%94%B6%E6%AC%BE%E9%A0%85) As of June 30, 2025, net trade receivables were **HK$950 thousand**, net other receivables were **HK$458 thousand**, prepayments were **HK$1,268 thousand**, and net deposits were **HK$3,395 thousand**; the provision for trade receivables credit losses significantly decreased, primarily due to a **HK$(2,069) thousand** (i.e., reversal) expected credit loss provision recognized during the period Trade and Other Receivables (HK$ thousand) | Indicator | 2025 June 30 (HK$ thousand) | 2024 Dec 31 (HK$ thousand) | | :--- | :--- | :--- | | Net trade receivables | 950 | 630 | | Net other receivables | 458 | 400 | | Prepayments | 1,268 | 1,789 | | Net deposits | 3,395 | 4,492 | | **Total current portion** | **3,439** | **4,739** | - Trade receivables generally have a credit period of **within 60 days**, with no significant concentration of credit risk[35](index=35&type=chunk) Ageing of Trade Receivables (net of provision) (HK$ thousand) | Ageing of Trade Receivables (net of provision) | 2025 June 30 (HK$ thousand) | 2024 Dec 31 (HK$ thousand) | | :--- | :--- | :--- | | 0 to 30 days | 611 | 626 | | 31 to 60 days | 253 | 4 | | 61 to 90 days | 86 | – | | 91 to 120 days | – | – | | **Total** | **950** | **630** | - In the first half of 2025, a credit loss provision of **HK$(2,069) thousand** (i.e., reversal) was recognized for trade receivables, compared to a **HK$2,903 thousand** recognition in 2024[37](index=37&type=chunk) - As of June 30, 2025, deposits primarily refer to lease deposits of approximately **HK$2,650 thousand**[39](index=39&type=chunk) [13. Loans Receivable](index=22&type=section&id=13.%20%E6%87%89%E6%94%B6%E8%B2%B8%E6%AC%BE) The Group's total loans receivable amounted to **HK$3,450 thousand**, fully provided for expected credit losses, resulting in a net balance of zero; this loan has been overdue for **over 90 days** since December 31, 2021, at an annual interest rate of **10%**, and the Company has initiated legal action for recovery - Total loans receivable amounted to **HK$3,450 thousand**, fully provided for expected credit losses, resulting in a net balance of zero[40](index=40&type=chunk)[41](index=41&type=chunk) - This loan has been overdue for **over 90 days** since December 31, 2021, at an annual interest rate of **10%**, and the Company has initiated legal action for recovery[40](index=40&type=chunk) [14. Trade and Other Payables](index=23&type=section&id=14.%20%E6%87%89%E4%BB%98%E8%B3%AC%E6%AC%BE%E5%8F%8A%E5%85%B6%E4%BB%96%E6%87%89%E4%BB%98%E6%AC%BE%E9%A0%85) As of June 30, 2025, total trade and other payables were **HK$32,371 thousand**, a decrease from **HK$34,823 thousand** at year-end 2024; this includes trade payables of **HK$3,404 thousand**, other payables of **HK$14,198 thousand**, and accrued expenses of **HK$8,368 thousand** Trade and Other Payables (HK$ thousand) | Indicator | 2025 June 30 (HK$ thousand) | 2024 Dec 31 (HK$ thousand) | | :--- | :--- | :--- | | Trade payables | 3,404 | 4,004 | | Rental payables | 3,240 | 1,813 | | Other payables | 14,198 | 18,758 | | Directors' loans | 850 | 750 | | Shareholders' loans | 1,825 | 1,825 | | Accrued expenses | 8,368 | 6,934 | | Other tax payables | 486 | 839 | | **Total** | **32,371** | **34,823** | - Trade payables generally have a credit period of **within 45 days**[42](index=42&type=chunk) - Other payables include convertible promissory notes of approximately **HK$1,404 thousand** which are in default and repayable on demand[44](index=44&type=chunk) - Directors' loans are unsecured, bear interest at an annual rate of **5.25%**, and are repayable within **1 year**[44](index=44&type=chunk) [15. Share Capital](index=24&type=section&id=15.%20%E8%82%A1%E6%9C%AC) As of June 30, 2025, the Company's authorized share capital was **HK$100,000 thousand** (**1,000,000 thousand shares**), and issued and fully paid share capital was **HK$54,826 thousand** (**548,256 thousand shares**), remaining unchanged from year-end 2024 Share Capital (thousand shares/thousand HKD) | Indicator | 2025 June 30 (thousand shares/thousand HKD) | 2024 Dec 31 (thousand shares/thousand HKD) | | :--- | :--- | :--- | | Authorized share capital (ordinary shares of HK$0.1 each) | 1,000,000 (shares) / 100,000 (HKD) | 1,000,000 (shares) / 100,000 (HKD) | | Issued and fully paid share capital | 548,256 (shares) / 54,826 (HKD) | 548,256 (shares) / 54,826 (HKD) | [16. Capital Commitments](index=25&type=section&id=16.%20%E8%B3%87%E6%9C%AC%E6%89%BF%E6%94%94) As of June 30, 2025, the Group's contracted but unprovided capital commitments amounted to **HK$18,207 thousand**, primarily representing unpaid capital contributions to PRC subsidiaries Capital Commitments (HK$ thousand) | Capital Commitments | 2025 June 30 (HK$ thousand) | 2024 Dec 31 (HK$ thousand) | | :--- | :--- | :--- | | Unpaid capital contributions to PRC subsidiaries | 18,207 | 18,207 | [17. Significant Related Party Transactions](index=25&type=section&id=17.%20%E9%87%8D%E5%A4%A7%E9%97%9C%E9%80%A3%E6%96%B9%E4%BA%A4%E6%98%93) The Group engaged in transactions with related parties, including remuneration payments, rental expenses, and loan interest expenses; for the six months ended June 30, 2025, remuneration paid to key management personnel was **HK$545 thousand**, and loan interest expense for Mr. Choi Siu Kit was **HK$19 thousand** Significant Related Party Transactions (HK$ thousand) | Nature of Transaction | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Remuneration paid to key management personnel | 545 | 953 | | Rental expenses (Zone One (CS) Limited) | – | 510 | | Loan interest expense (Mr. Choi Siu Kit) | 19 | 7 | - Zone One (CS) Limited is held by the parents of executive directors Mr. Choi Yat Hon and Mr. Choi Siu Kit[49](index=49&type=chunk) Management Discussion and Analysis [Business Review](index=27&type=section&id=%E6%A5%AD%E5%8B%99%E5%9B%9E%E9%A1%A7) In the first half of 2025, the Group closed "SIXA" to focus resources on "HEXA" as its core outlet; by introducing anniversary set menus and half-price dim sum for lunch, it successfully mitigated the declining customer traffic trend; facing a challenging operating environment, the Group tightened cost control through human resource optimization and supplier repricing, while continuously developing its menu - "SIXA" was closed on **March 24, 2025**, with "HEXA" becoming the sole core outlet for focused development[51](index=51&type=chunk) - "HEXA" launched an **8th-anniversary set menu** and **half-price dim sum for lunch**, mitigating a slight year-on-year decrease in customer traffic[51](index=51&type=chunk) - Cost control was tightened through human resource optimization and supplier repricing, with continuous menu development efforts[51](index=51&type=chunk) [Financial Review](index=27&type=section&id=%E8%B2%A1%E5%8B%99%E5%9B%9E%E9%A1%A7) [Revenue](index=27&type=section&id=%E6%94%B6%E7%9B%8A) The Group's total revenue decreased by **29.1%** from **HK$42.3 million** in the first half of 2024 to **HK$30.0 million** in the same period of 2025, primarily due to a shift in customer spending patterns towards mainland China Total Revenue (HK$ million) | Indicator | 2025 First Half (HK$ million) | 2024 First Half (HK$ million) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Total Revenue | 30.0 | 42.3 | -29.1% | - The decrease in revenue is primarily due to a gradual shift in customer spending patterns towards mainland China[52](index=52&type=chunk) [Expenses](index=28&type=section&id=%E9%96%8B%E6%94%AF) The Group's major expenses significantly decreased due to the cessation of "SIXA" operations and strict cost control measures; cost of inventories sold decreased by **27.3%**, staff costs by **37.8%**, property rental and related expenses by **32.3%**, advertising and marketing expenses by **85.1%**, and depreciation and amortization by **29.4%** Expense Items (HK$ million) | Expense Item | 2025 First Half (HK$ million) | 2024 First Half (HK$ million) | Year-on-year Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | :--- | | Cost of inventories sold | 9.3 | 12.8 | -27.3% | Revenue decrease | | Staff costs | 10.3 | 16.5 | -37.8% | SIXA cessation and cost control | | Property rental and related expenses | 2.1 | 3.1 | -32.3% | SIXA cessation and headquarters rental cost control | | Advertising and marketing expenses | 0.032 | 0.215 | -85.1% | SIXA cessation and cost control | | Other operating expenses | 5.6 | 5.8 | -3.4% | SIXA cessation | | Depreciation and amortization | 4.8 | 6.8 | -29.4% | SIXA cessation | [Loss Attributable to Owners of the Company](index=28&type=section&id=%E6%9C%AC%E5%85%AC%E5%8F%B8%E6%93%81%E6%9C%89%E4%BA%BA%E6%87%89%E4%BD%94%E8%99%A7%E6%90%8D) In the first half of 2025, net loss attributable to owners of the Company was approximately **HK$7.5 million**, compared to **HK$2.7 million** in the same period of 2024; the expanded loss was primarily due to the cessation of "SIXA" operations and a reversal of expected credit loss provision of approximately **HK$2.1 million** in the first half of 2025 Net Loss Attributable to Owners of the Company (HK$ million) | Indicator | 2025 First Half (HK$ million) | 2024 First Half (HK$ million) | | :--- | :--- | :--- | | Net loss attributable to owners of the Company | 7.5 | 2.7 | - The expanded loss was primarily due to the cessation of "SIXA" operations and a reversal of expected credit loss provision of approximately **HK$2.1 million** in the first half of 2025[55](index=55&type=chunk) [Liquidity, Financial Resources and Capital Structure](index=29&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E3%80%81%E8%B2%A1%E5%8B%99%E8%B3%87%E6%BA%90%E5%8F%8A%E8%B3%87%E6%9C%AC%E6%9E%B6%E6%A7%8B) As of June 30, 2025, the Group's current ratio and quick ratio both decreased to **0.1**, and the debt-to-equity ratio increased to **302.7%**, indicating increased liquidity pressure; cash and cash equivalents decreased to **HK$0.8 million**, with external borrowings of **HK$7.6 million**; the Company has implemented measures to alleviate liquidity pressure Financial Ratios | Financial Ratios | 2025 June 30 | 2024 Dec 31 | | :--- | :--- | :--- | | Current Ratio | 0.1 | 0.2 | | Quick Ratio | 0.1 | 0.2 | | Debt-to-equity Ratio | 302.7% | 227.3% | | Gearing Ratio | Not applicable | Not applicable | Cash and External Borrowings (HK$ million) | Indicator | 2025 June 30 (HK$ million) | 2024 Dec 31 (HK$ million) | | :--- | :--- | :--- | | Cash and cash equivalents | 0.8 | 4.0 | | External borrowings | 7.6 | 8.8 | - The Group has implemented a series of plans and measures to alleviate liquidity pressure and improve its financial position[59](index=59&type=chunk) [Pledge of Assets](index=29&type=section&id=%E8%B3%87%E7%94%A2%E6%8A%B5%E6%8A%BC) As of June 30, 2025, the Group had no pledge of any assets - As of June 30, 2025, the Group had no pledge of any assets[60](index=60&type=chunk) [Foreign Exchange Risk](index=30&type=section&id=%E5%A4%96%E5%8C%AF%E9%A2%A8%E9%9A%AA) The Group's principal operations are conducted in HKD and RMB, and exchange rate fluctuations are not expected to significantly impact operations, as the HKD exchange rate has been relatively stable and most revenue is denominated in HKD - The Group's principal operations are conducted in HKD and RMB, and exchange rate fluctuations are not expected to cause significant impact[61](index=61&type=chunk) - The HKD exchange rate has historically remained relatively stable, and most of the Group's revenue is denominated in HKD[61](index=61&type=chunk) [Contingent Liabilities and Capital Commitments](index=30&type=section&id=%E6%88%96%E7%84%B6%E8%B2%A0%E5%82%B5%E5%8F%8A%E8%B3%87%E6%9C%AC%E6%89%BF%E6%94%94) Except as disclosed in the interim report, as of June 30, 2025, the Group had no other contingent liabilities or capital commitments - Except as disclosed in the interim report, as of June 30, 2025, the Group had no other contingent liabilities or capital commitments[62](index=62&type=chunk) [Material Investments Held, Material Acquisitions and Disposals of Subsidiaries and Affiliated Companies](index=30&type=section&id=%E6%89%80%E6%8C%81%E9%87%8D%E5%A4%A7%E6%8A%95%E8%B3%87%E3%80%81%E9%87%8D%E5%A4%A7%E6%94%B6%E8%B3%BC%E5%8F%8A%E5%87%BA%E5%94%AE%E9%99%84%E5%B1%AC%E5%85%AC%E5%8F%B8%E5%8F%8A%E8%81%AF%E5%B1%AC%E5%85%AC%E5%8F%B8) On July 14, 2025, non-wholly owned subsidiary Huayun Group Limited entered into a subscription agreement with Futian Asia Holdings Limited to issue **HK$3,000,000** convertible bonds; upon full conversion, the subscriber will hold approximately **81%** equity in the target company, and the Company's equity interest will decrease to approximately **13.2%** - On **July 14, 2025**, non-wholly owned subsidiary Huayun Group Limited issued **HK$3,000,000** convertible bonds[63](index=63&type=chunk) - Upon full conversion, the subscriber will hold approximately **81%** equity in the target company, and the Company's equity interest in the target company will decrease to approximately **13.2%**[63](index=63&type=chunk) - Other than this, the Group held no other material investments as of June 30, 2025, and there were no other material acquisitions or disposals during the period[63](index=63&type=chunk) [Employees and Remuneration Policy](index=31&type=section&id=%E5%83%B1%E5%93%A1%E5%8F%8A%E8%96%AA%E9%85%AC%E6%94%BF%E7%AD%96) As of June 30, 2025, the Group had **49 employees**, a decrease from **87** in 2024; the Company actively optimized its staff structure, offered competitive remuneration packages, and provided a statutory Mandatory Provident Fund scheme for Hong Kong employees Number of Employees | Indicator | 2025 June 30 | 2024 | | :--- | :--- | :--- | | Number of Employees | 49 | 87 | - Remuneration is determined by reference to market terms, individual performance, qualifications, and experience, and a statutory Mandatory Provident Fund scheme is provided[64](index=64&type=chunk) [Outlook](index=31&type=section&id=%E5%B1%95%E6%9C%9B) In the second half of 2025, the Group anticipates continued high market value sensitivity; it will concentrate resources on "HEXA" to enhance average customer spending and utilization through menu refinement, time-slot promotions, themed meals, and improved service standards; cost control remains central, achieved via lean staffing, tighter procurement terms, and supply chain optimization; concurrently, marketing strategies will be adjusted, capital commitments and finance costs prudently monitored, and potential business and investment opportunities sought - In the second half of 2025, market value sensitivity remains high, tourism recovery is uneven, and local diners are cautious[65](index=65&type=chunk) - Resources will be concentrated on "HEXA" to refine menu development, implement time-slot promotions, offer themed meals, and enhance service standards[65](index=65&type=chunk) - Cost control remains central, achieved through lean staffing, tighter procurement terms, and supply chain optimization[65](index=65&type=chunk) - Marketing strategies will be adjusted, capital commitments and finance costs prudently monitored, and potential business and investment opportunities sought[65](index=65&type=chunk) Other Information [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures of the Company or any Associated Corporation](index=32&type=section&id=%E8%91%A3%E4%BA%8B%E5%8F%8A%E4%B8%BB%E8%A6%81%E8%A1%8C%E6%94%BF%E4%BA%BA%E5%93%A1%E6%96%BC%E6%9C%AC%E5%85%AC%E5%8F%B8%E6%88%96%E4%BB%BB%E4%BD%95%E7%9B%B8%E8%81%AF%E6%B3%95%E5%9C%98%E7%9A%84%E8%82%A1%E4%BB%BD%E3%80%81%E7%9B%B8%E9%97%9C%E8%82%A1%E4%BB%BD%E5%8F%8A%E5%82%B5%E6%AC%8A%E8%AD%89%E4%B8%AD%E7%9A%84%E6%AC%8A%E7%9B%8A%E5%8F%8A%E6%B7%A1%E5%80%89) As of June 30, 2025, executive director Mr. Choi Siu Kit held a long position of **109,350,000 ordinary shares** in the Company, representing approximately **19.95%** of the share capital, through controlled corporations and a concert party agreement Directors' and Chief Executive's Interests and Short Positions | Name of Director | Name of Group Member/Associated Corporation | Nature of Interest | Number and Class of Securities | Approximate Percentage of Equity Interest | | :--- | :--- | :--- | :--- | :--- | | Mr. Choi Siu Kit | The Company | Interest in controlled corporation, joint interest with another person | 109,350,000 ordinary shares (L) | 19.95% | | Mr. Choi Siu Kit | Welmen | Interest in controlled corporation | 3,031.11 ordinary shares (L) | 30.3111% | | Mr. Choi Siu Kit | Welmen | Beneficial owner | 1,262.225 ordinary shares (L) | 12.62225% | - Mr. Choi Siu Kit, Mr. Choi Yat Hon, Mr. Au Wai Bong, Mr. Au Ka Wai, and Mr. Yeung Chi Shing are deemed to have an interest in **19.95%** of the Company's issued share capital held by Welmen, pursuant to a concert party agreement[69](index=69&type=chunk) [Substantial Shareholders' and Other Persons' Interests and Short Positions in Shares and Underlying Shares of the Company](index=34&type=section&id=%E4%B8%BB%E8%A6%81%E8%82%A1%E6%9D%B1%E5%8F%8A%E5%85%B6%E4%BB%96%E4%BA%BA%E5%A3%AB%E6%96%BC%E6%9C%AC%E5%85%AC%E5%8F%B8%E8%82%A1%E4%BB%BD%E5%8F%8A%E7%9B%B8%E9%97%9C%E8%82%A1%E4%BB%BD%E4%B9%8B%E6%AC%8A%E7%9B%8A%E5%8F%8A%E6%B7%A1%E5%80%89) As of June 30, 2025, Restoran Oversea held **29.00%** equity in the Company, and Welmen Investment Co. Ltd held **19.95%**; additionally, several individuals held **19.95%** equity in the Company through controlled corporate interests or a concert party agreement Substantial Shareholders' and Other Persons' Interests and Short Positions | Name of Shareholder/Person | Nature of Interest | Number and Class of Securities | Approximate Percentage of Equity Interest | | :--- | :--- | :--- | :--- | | Restoran Oversea (CST) Sdn Bhd | Beneficial owner | 158,988,000 ordinary shares (L) | 29.00% | | Welmen Investment Co. Ltd | Beneficial owner | 109,350,000 ordinary shares (L) | 19.95% | | Yui Tak Investment Limited | Interest in controlled corporation | 109,350,000 ordinary shares (L) | 19.95% | | Mr. Choi Yat Hon | Interest in controlled corporation, joint interest with another person | 109,350,000 ordinary shares (L) | 19.95% | | Mr. Au Wai Bong | Joint interest with another person | 109,350,000 ordinary shares (L) | 19.95% | | Mr. Au Ka Wai | Joint interest with another person | 109,350,000 ordinary shares (L) | 19.95% | | Mr. Yeung Chi Shing | Joint interest with another person | 109,350,000 ordinary shares (L) | 19.95% | | Ms. Chan Ting Fai | Spouse's interest | 109,350,000 ordinary shares (L) | 19.95% | | Ms. Lee Wan | Spouse's interest | 109,350,000 ordinary shares (L) | 19.95% | | Trendy Pleasure Limited | Beneficial owner | 30,000,000 ordinary shares (L) | 5.47% | | Saint Lotus Cultural Development Group Co., Limited | Interest in controlled corporation | 30,000,000 ordinary shares (L) | 5.47% | | Mr. Cheung Kin Kwong | Interest in controlled corporation | 30,000,000 ordinary shares (L) | 5.47% | - Restoran Oversea is wholly and beneficially owned by Oversea Enterprise Berhad[71](index=71&type=chunk) - Welmen is held **30.3111%** by Yui Tak, which is **50%** held by Mr. Choi Yat Hon and **50%** by Mr. Choi Siu Kit[71](index=71&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=36&type=section&id=%E8%B3%BC%E8%B2%B7%E3%80%81%E5%87%BA%E5%94%AE%E6%88%96%E8%B4%96%E5%9B%9E%E6%9C%AC%E5%85%AC%E5%8F%B8%E4%B9%8B%E4%B8%8A%E5%B8%82%E8%AD%89%E5%88%B8) 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 listed 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 listed securities[73](index=73&type=chunk) [Interests in Competing Businesses](index=37&type=section&id=%E6%96%BC%E7%AB%B6%E7%88%AD%E6%A5%AD%E5%8B%99%E4%B8%AD%E7%9A%84%E6%AC%8A%E7%9B%8A) Directors hold interests in certain Macau restaurant businesses, but these do not constitute direct competition with the Group's operations due to differing industry nature, operating hours, and target customers; executive director Mr. Choi Siu Kit's spouse operates certain restaurant and bar businesses in Hong Kong, which are not part of the Group and not covered by the non-competition deed - Directors hold interests in certain Macau restaurant businesses, but due to differences in business nature, these do not constitute direct competition[75](index=75&type=chunk) - Executive director Mr. Choi Siu Kit's spouse operates certain restaurant and bar businesses in Hong Kong, which are not part of the Group and not covered by the non-competition deed[75](index=75&type=chunk) [Share Option Scheme](index=37&type=section&id=%E8%B3%BC%E8%82%A1%E6%AC%8A%E8%A8%88%E5%88%83) The Company adopted a share option scheme on October 18, 2016, to incentivize employees; the scheme has a **10-year** validity, expiring on November 11, 2026; for the six months ended June 30, 2025, no new share options were granted, with **2,250,810** options remaining unexercised at period-end, at an exercise price of **HK$0.5921** - The share option scheme was adopted on **October 18, 2016**, to incentivize employees, with a **10-year** validity, expiring on **November 11, 2026**[77](index=77&type=chunk)[85](index=85&type=chunk) - For the six months ended June 30, 2025, no share options were granted to eligible participants of the Group[80](index=80&type=chunk) Share Options Outstanding | Share Option Category | Unexercised as at January 1, 2025 | Unexercised as at June 30, 2025 | Exercise Price | | :--- | :--- | :--- | :--- | | Employees and consultants | 2,250,810 | 2,250,810 | HK$0.5921 | - The total number of shares available for issue under the share option scheme is **2,836,579 shares**, representing approximately **0.52%** of the Company's total issued shares[85](index=85&type=chunk) [Corporate Governance Practices](index=41&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB%E5%B8%B8%E8%A6%8F) - The Group is committed to maintaining good corporate governance standards and complying with the Corporate Governance Code in Appendix C1 of the GEM Listing Rules[86](index=86&type=chunk) [Changes in Directors' Information](index=41&type=section&id=%E8%91%A3%E4%BA%8B%E8%B3%87%E6%96%99%E8%AE%8A%E5%8B%95) For the six months ended June 30, 2025, there were no changes in directors' information required to be disclosed under Rules 17.50(2)(a) to (e) and (g) of the GEM Listing Rules - For the six months ended June 30, 2025, there were no changes in directors' information[87](index=87&type=chunk) [Directors' Securities Transactions](index=41&type=section&id=%E8%91%A3%E4%BA%8B%E9%80%B2%E8%A1%8C%E8%AD%89%E5%88%B8%E4%BA%A4%E6%98%93) Following specific written inquiries to the directors, each director confirmed compliance with the required standards for securities transactions of the Company for the six months ended June 30, 2025 - Each director confirmed compliance with the required standards for securities transactions of the Company for the six months ended June 30, 2025[88](index=88&type=chunk) [Dividends](index=42&type=section&id=%E8%82%A1%E6%81%AF) The Board resolved not to declare any dividend for the six months ended June 30, 2025 - The Board resolved not to declare any dividend for the six months ended June 30, 2025[89](index=89&type=chunk) [Audit Committee](index=42&type=section&id=%E5%AF%A9%E6%A0%B8%E5%A7%94%E5%93%A1%E6%9C%83) The Audit Committee, comprising independent non-executive directors Ms. Tse Mei Ling (Chairperson), Mr. Zuo Tifen, and Ms. Ng Man Hung, assists the Board by providing independent advice on financial reporting, internal control, and risk management, and has reviewed the financial information in this interim report - The Audit Committee comprises independent non-executive directors Ms. Tse Mei Ling (Chairperson), Mr. Zuo Tifen, and Ms. Ng Man Hung[90](index=90&type=chunk) - Its primary responsibilities include assisting the Board with independent advice on financial reporting, internal control, and risk management, and it has reviewed the financial information in this interim report[90](index=90&type=chunk) [Discloseable Transaction in Relation to Renewal of Lease Agreements](index=42&type=section&id=%E6%9C%89%E9%97%9C%E9%87%8D%E7%BA%8C%E7%A7%9F%E8%B3%83%E5%8D%94%E8%AD%B0%E7%9A%84%E9%A0%88%E4%BA%88%E6%8A%AB%E9%9C%B2%E4%BA%A4%E6%98%93) On May 8, 2024, the Company's indirect non-wholly owned subsidiary, Huayun Group Limited, renewed a property lease within Swire Properties, with a term until April 15, 2025, for a total amount of approximately **HK$3.5 million**, plus additional turnover rent; this constitutes a discloseable transaction - On **May 8, 2024**, the subsidiary renewed a property lease within Swire Properties, with a term until **April 15, 2025**[91](index=91&type=chunk) - The total amount is approximately **HK$3.5 million**, plus additional turnover rent, constituting a discloseable transaction[91](index=91&type=chunk)[92](index=92&type=chunk) [Major Transaction in Relation to Renewal of Lease Agreements](index=43&type=section&id=%E6%9C%89%E9%97%9C%E9%87%8D%E7%BA%8C%E7%A7%9F%E8%B3%83%E5%8D%94%E8%AD%B0%E7%9A%84%E4%B8%BB%E8%A6%81%E4%BA%A4%E6%98%93) On June 24, 2024, the subsidiary renewed a property lease within Harbour City, with a term until June 25, 2026, for a total amount of approximately **HK$15.9 million**, plus additional turnover rent; this constitutes a major transaction, subject to GEM Listing Rules' reporting, announcement, circular, and shareholder approval requirements, but the EGM has not yet been convened - On **June 24, 2024**, the subsidiary renewed a property lease within Harbour City, with a term until **June 25, 2026**[94](index=94&type=chunk) - The total amount is approximately **HK$15.9 million**, plus additional turnover rent, constituting a major transaction[94](index=94&type=chunk) - This is subject to GEM Listing Rules' reporting, announcement, circular, and shareholder approval requirements, but the EGM to approve the Harbour City lease agreement has not yet been convened[94](index=94&type=chunk)[95](index=95&type=chunk) [Remedial Actions](index=44&type=section&id=%E8%A3%9C%E6%95%91%E8%A1%8C%E5%8B%95) The Company failed to comply with GEM Listing Rules by not timely obtaining shareholder approval and publishing announcements and circulars for the Harbour City and Swire lease agreements; the Company has committed to implementing remedial measures, including providing GEM Listing Rules training for the Board and management, strengthening internal controls and reporting procedures, and seeking external professional advice to prevent recurrence - The Company failed to timely obtain shareholder approval and publish announcements and circulars for the Harbour City and Swire lease agreements, thus non-complying with GEM Listing Rules **19.34, 19.38, and 19.40**[97](index=97&type=chunk) - The oversight was due to an unintentional oversight in implementing HKFRS 16 and the accounting manager's unawareness of the need for size tests[97](index=97&type=chunk) - Remedial measures include providing GEM Listing Rules training for the Board and management, strengthening internal controls and reporting procedures, and seeking external professional advice[98](index=98&type=chunk) [Issue of Convertible Bonds by a Non-wholly Owned Subsidiary and Deemed Disposal of Interest in a Non-wholly Owned Subsidiary Constituting a Major Transaction](index=46&type=section&id=%E9%9D%9E%E5%85%A8%E8%B3%87%E9%99%84%E5%B1%AC%E5%85%AC%E5%8F%B8%E7%99%BC%E8%A1%8C%E5%8F%AF%E6%8F%9B%E8%82%A1%E5%82%B5%E5%88%B8%E5%8F%8A%E6%9C%89%E9%97%9C%E8%A6%96%E4%BD%9C%E5%87%BA%E5%94%AE%E9%9D%9E%E5%85%A8%E8%B3%87%E9%99%84%E5%B1%AC%E5%85%AC%E5%8F%B8%E6%AC%8A%E7%9B%8A%E4%B9%8B%E4%B8%BB%E8%A6%81%E4%BA%A4%E6%98%93) On July 14, 2025, non-wholly owned subsidiary Huayun Group Limited issued **HK$3,000,000** convertible bonds; upon full conversion, the Company's equity interest in the target company will decrease to approximately **13.2%**, constituting a deemed disposal of interest in a non-wholly owned subsidiary and a major transaction, subject to GEM Listing Rules' reporting, announcement, and shareholder approval requirements - On **July 14, 2025**, non-wholly owned subsidiary Huayun Group Limited issued **HK$3,000,000** convertible bonds[99](index=99&type=chunk) - Upon full conversion, the Company's equity interest in the target company will decrease to approximately **13.2%**, constituting a deemed disposal of interest in a non-wholly owned subsidiary and a major transaction[99](index=99&type=chunk)[100](index=100&type=chunk) - This transaction is subject to the reporting, announcement, and shareholder approval requirements under Chapter 19 of the GEM Listing Rules[100](index=100&type=chunk) [Events After Reporting Period](index=46&type=section&id=%E5%A0%B1%E5%91%8A%E6%9C%9F%E5%BE%8C%E4%BA%8B%E4%BB%B6) Except for disclosed matters, as of June 30, 2025, and up to the date of this interim report, the Company had no other material subsequent events significantly impacting the Group's operations and financial performance - Except for disclosed matters, the Company had no material subsequent events significantly impacting its operations and financial performance[102](index=102&type=chunk) [Material Litigation](index=47&type=section&id=%E9%87%8D%E5%A4%A7%E8%A8%B4%E8%A8%9F) For the six months ended June 30, 2025, the Company was not involved in any other material litigation or arbitration, and the directors were unaware of any outstanding or threatened material litigation or claims - For the six months ended June 30, 2025, the Company was not involved in any other material litigation or arbitration[103](index=103&type=chunk) - The directors were also unaware of any outstanding or threatened material litigation or claims[103](index=103&type=chunk) [Board of Directors](index=47&type=section&id=%E8%91%A3%E4%BA%8B%E6%9C%83) As of the date of this report, the Board of Directors comprises executive directors Mr. Choi Siu Kit, Mr. Ying Kan Man, and independent non-executive directors Ms. Tse Mei Ling, Mr. Zuo Tifen, and Ms. Ng Man Hung - The Board of Directors comprises executive directors Mr. Choi Siu Kit, Mr. Ying Kan Man, and independent non-executive directors Ms. Tse Mei Ling, Mr. Zuo Tifen, and Ms. Ng Man Hung[104](index=104&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對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 誠如該等公告所披露，一份載有（其中包括）(i)認購協議及其項下擬進行之交易詳情；及(ii) 根據GEM上市規則規定須載入通函之其他資料之通函（「通函」）將於2025年8月29日或之前 寄發。 由於本公司需要額外時間落實將載入通函的若干資料，包括（其中包括）本集團於2025年6 月30日的債務聲明，預期通函將於2025年9月5日或之前寄發。 股東及潛在投資者於買賣本公司證券時務請謹慎行事。 LUK HING ENTERTAINMENT GROUP HOLDINGS LIMITED 陸 慶 娛 樂 集 團 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：8052） 進一步延遲寄發有關主要交易之通函 茲提述陸慶娛樂集團控股有限公司（「本公司」）日期為2025年7月14日、2025年8月1日、 2025年8月8日、2025年8月15日及2025年8月22日之公 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 LUK HING ENTERTAINMENT GROUP HOLDINGS LIMITED 陸 慶 娛 樂 集 團 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：8052） 進一步延遲寄發有關主要交易之通函 茲提述陸慶娛樂集團控股有限公司（「本公司」）日期為2025年7月14日、2025年8月1日、 2025年8月8日及2025年8月15日之公告（「該等公告」），內容有關（其中包括）發行可換股債 券之主要交易。除文義另有所指外，本公告所用詞彙與該等公告所界定者具有相同涵義。 誠如該等公告所披露，一份載有（其中包括）(i)認購協議及其項下擬進行之交易詳情；及(ii) 根據GEM上市規則規定須載入通函之其他資料之通函（「通函」）將於2025年8月22日或之前 寄發。 由於本公司需要額外時間落實將載入通函的若干資料，包括（其中包括）本集團於2025年6 月 ...

陸慶娛樂集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈，董事會會 議將於2025年8月29日（星期五）舉行，以（其中包括）考慮及批准本公司及其附屬公司截至 2025年6月30日止六個月之未經審核綜合中期業績公告，以及考慮派發股息（如有）。 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」）對本公告之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任 何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 LUK HING ENTERTAINMENT GROUP HOLDINGS LIMITED 陸 慶 娛 樂 集 團 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：8052） 董事會會議召開日期 本公告將保留於聯交所網站www.hkexnews.hk，並（就公告而言）由刊登日期起計7天保留 於「最新上市公司公告」GEM網頁。本公告亦將於本公司網站www.lukhing.com刊登。 承董事會命 陸慶娛樂集團控股有限公司 執行董事 蔡紹傑 香港，2025年8月19日 於本公告日期， ...

陸 慶 娛 樂 集 團 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：8052） 進一步延遲寄發有關主要交易之通函 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 LUK HING ENTERTAINMENT GROUP HOLDINGS LIMITED 陸慶娛樂集團控股有限公司 執行董事 蔡紹傑 香港，2025年8月15日 — 1 — 於本公告日期，執行董事為蔡紹傑先生及應勤民先生；獨立非執行董事為謝美玲女士、 左提芬先生及吳文鴻女士。 本公告資料乃遵照聯交所GEM證券上市規則的規定而刊載，旨在提供有關本公司的資料； 董事願就本公告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 所深知及確信，本公告所載資料在各重要方面均屬準確完備，其無誤導或欺詐成分，亦 無遺漏任何事項，足以令致本公告或其所載任何陳述產生誤導。 茲提述陸慶娛樂集團控股有限公司（「本公司」）日期為2025年7月14 ...

Group 1 - A total of 193 stocks reached a 52-week high as of August 13, with notable performers including Ying Sheng Science (00209) at 288.46%, Lu Qing Entertainment (08052) at 36.47%, and Songjing Technology (01079) at 36.36% [1] - The closing price for Ying Sheng Science was 0.750, with a peak price of 1.010, indicating significant growth [1] - Lu Qing Entertainment closed at 0.115, reaching a high of 0.116, while Songjing Technology had a closing price of 0.490 and a peak of 0.750 [1] Group 2 - Other notable stocks that reached new highs include Zhonghui Biological (02627) with a high rate of 34.29%, Li Ji (00637) at 33.84%, and Huashang Energy (00206) at 30.77% [1] - The list of stocks achieving new highs includes various sectors, indicating a broad market interest [1] - The data reflects a positive trend in the market, with many companies experiencing substantial increases in their stock prices [1]