致：香港交易及結算所有限公司 公司名稱: 北亞策略控股有限公司 呈交日期: 2025年10月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08080 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.1 HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.1 HKD | | 400,000,000 | 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年9月30日 狀態: 新提交 | 2. 股份分類 | 其他分類 (請註明) | 股份 ...

NORTH ASIA STRATEGIC HOLDINGS LIMITED 北亞策略控股有限公司* ( 於百慕達註冊成立之有限公司 ) 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，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。 (股份代號：8080) 二零二五年九月四日舉行之股東週年大會 投票表決結果 謹此提述北亞策略控股有限公司於二零二五年七月二十五日刊發之有關(其中包括)重選退任 董事及向董事作一般授權以發行及購回股份之通函 (「通函」)。除另有所指外，本公告所用 詞彙與通函所界定者相同。 股東週年大會投票表決結果 股東週年大會於二零二五年九月四日上午十時舉行，以供股東考慮所有擬議之決議案（「該等 決議案」）。該等決議案之詳情載於通函內之股東週年大會通告內。 本公司之香港股份過戶登記分處香港中央證券登記有限公司被委任為股東週年大會點票之監 票人。 於股東週年大會上各項決議案均已獲股東透過投票表決方式通過。有關該等決議案的投票表 決結果如下： | | | | 票數 | | | --- | --- ...

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: 北亞策略控股有限公司 呈交日期: 2025年9月1日 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 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) | 08080 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.1 HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0. ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 北亞策略控股有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08080 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.1 HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.1 HKD | | 400,000,000 | | 2. 股份分類 | 其他分類 (請註明) | 股份類 ...

北亚策略(08080)发布公告，自2025年8月1日起生效：1.罗伟辉先生已辞任公司秘书、授权代表及法律程 序文件代理人。2.刘斐先生已获委任为公司秘书、授权代表及法律程序文件代理人。 ...

格隆汇7月31日丨北亚策略(08080.HK)公告，刘斐已获委任为公司秘书及授权代表，自2025年8月1日起 生效。罗伟辉已辞任公司秘书及授权代表，自2025年8月1日起生效。 ...

Core Viewpoint - North Asia Strategy (08080) announced changes in its company secretary and authorized representative roles, effective from August 1, 2025 [1] Group 1 - Mr. Luo Weihui has resigned from the positions of company secretary, authorized representative, and legal document agent [1] - Mr. Liu Fei has been appointed as the new company secretary, authorized representative, and legal document agent [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 NORTH ASIA STRATEGIC HOLDINGS LIMITED * 8080 更換公司秘書、 授權代表 1. 羅先生已辭任公司秘書、授權代表及法律程序文件代理人。 2. 劉先生已獲委任為公司秘書、授權代表及法律程序文件代理人。 公司秘書及授權代表辭任 北亞策略控股有限公司（「本公司」，連同其附屬公司統稱為「本集團」）董事（「董事」）會 （「董事會」）宣佈，羅偉輝先生（「羅先生」）已辭任本公司公司秘書（「公司秘書」）及香港聯 合交易所有限公司（「聯交所」）GEM證券上市規則（「GEM上市規則」）第5.24條項下本公司 授權代表（「授權代表」），自二零二五年八月一日起生效。 委任公司秘書及授權代表 及 香港接收法律程序文件代表 董事會宣佈以下有關本公司的變更，自二零二五年八月一日起生效： 北亞策略控股有限公司 董事會進一步宣佈，劉斐先生（「劉先生」）已獲委任為公司秘書及授權代表，自二零二五 年八月 ...

Company Overview - North Asia Strategy Holdings Limited ("North Asia Strategy") is a diversified holding company listed on the Hong Kong Stock Exchange (stock code: 8080) [2] - The company aims to achieve leadership in the Asia-Pacific region through a combination of market leaders, excellent management teams, rigorous acquisition strategies, and renowned global investors [2] Financial Performance - As of March 31, 2025, North Asia Strategy reported total revenue of 1.269 billion yuan, a year-on-year increase of 5.35% [1] - The company recorded a net profit attributable to shareholders of -7.294 million yuan, reflecting a year-on-year increase of 83.78% [1] - The gross profit margin stood at 21.04%, while the debt-to-asset ratio was 30.36% [1] Stock Performance - As of July 25, the Hang Seng Index fell by 1.09%, closing at 25,388.35 points [1] - North Asia Strategy's stock closed at 0.29 HKD per share, up 28.32%, with a trading volume of 116,000 shares and a turnover of 29,700 HKD, showing a volatility of 26.55% [1] - Over the past month, the stock has seen a cumulative decline of 41.3%, while year-to-date, it has increased by 0.89%, underperforming the Hang Seng Index's 27.95% gain [1] Valuation Metrics - The average price-to-earnings (P/E) ratio for the industrial engineering sector (TTM) is 18.46 times, with a median of 3.77 times [1] - North Asia Strategy's P/E ratio is -13 times, ranking 135th in the industry [1] - Comparatively, other companies in the sector have P/E ratios of 0.32 times (China Aerospace Wanyuan), 0.35 times (Yili Holdings), 0.63 times (Yidu International Holdings), 2.72 times (Tongjing New Energy), and 2.98 times (Bohai Environmental Protection) [1]

[Corporate Information](index=4&type=section&id=Corporate%20Information) Provides essential company registration and contact details [Financial Highlights](index=6&type=section&id=Financial%20Highlights) Presents a five-year overview of the company's key financial performance and position metrics Five-Year Performance Summary (Year Ended March 31) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | 2023 (HKD thousands) | 2022 (HKD thousands) | 2021 (HKD thousands) | | :--- | :--- | :--- | :--- | :--- | :--- | | Revenue | 1,375,299 | 1,305,420 | 2,266,642 | 2,445,150 | 2,358,611 | | Profit/(Loss) before tax | 4,303 | (44,790) | 4,551 | 108,662 | 184,934 | | (Loss)/Profit attributable to owners of the Company | (7,904) | (48,735) | 1,088 | 79,793 | 137,263 | Five-Year Assets, Liabilities and Equity Summary (As at March 31) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | 2023 (HKD thousands) | 2022 (HKD thousands) | 2021 (HKD thousands) | | :--- | :--- | :--- | :--- | :--- | :--- | | Total assets | 1,957,197 | 1,957,058 | 2,079,936 | 3,161,987 | 3,161,609 | | Total liabilities | 594,266 | 583,320 | (644,600) | (1,714,545) | (1,916,542) | | Equity attributable to owners of the Company | 1,362,931 | 1,373,738 | 1,435,336 | 1,447,442 | 1,245,067 | [Chairlady's Statement](index=7&type=section&id=Chairlady%27s%20Statement) The Chairlady's statement outlines the company's performance, strategic direction, and market outlook [Economic Landscape and Business Performance](index=7&type=section&id=Economic%20Landscape%20and%20Business%20Performance) Despite investment property impairment, the Group significantly narrowed its net loss, driven by high-tech distribution and leasing growth - Despite benefiting from consumer electronics and EV markets, the Group recorded a consolidated net loss of approximately **HKD 7.904 million**, a significant **84%** reduction year-on-year, due to investment property impairment[21](index=21&type=chunk) - The high-tech distribution business saw a significant order rebound since early 2025, benefiting from Chinese government subsidies for equipment upgrades and consumer goods trade-ins[23](index=23&type=chunk) - The leasing business's operating lease segment continued to grow, primarily due to increased demand for SMT machine rentals from electronics manufacturers to cope with order fluctuations[26](index=26&type=chunk) - The electronic payment business (Jarvix brand) experienced revenue decline due to shifting consumer habits towards cross-border shopping and dining[27](index=27&type=chunk) [Outlook](index=9&type=section&id=Outlook) The Group is optimistic about the Greater Bay Area, expanding in Southeast Asia, and launching new electronic payment services - The Group plans to actively seek investment opportunities aligned with the "14th Five-Year Plan" and Greater Bay Area initiatives, leveraging organic growth and external acquisitions[31](index=31&type=chunk) - To address customer manufacturing relocation trends, the Group will continue expanding its sales and engineering teams in Southeast Asian countries[32](index=32&type=chunk) - The electronic payment business plans to launch new "Buy Now, Pay Later" services and other new products[32](index=32&type=chunk) [Management Discussion and Analysis](index=11&type=section&id=Management%20Discussion%20and%20Analysis) Provides an in-depth analysis of the Group's financial results, operational performance, and future strategies across its business segments [FINANCIAL AND BUSINESS PERFORMANCE](index=11&type=section&id=FINANCIAL%20AND%20BUSINESS%20PERFORMANCE) Consolidated revenue increased by 5.4% to HKD 1.375 billion, with net loss significantly narrowed due to improved cost efficiency and despite property impairment Key Financial Metrics for FY2024/25 | Indicator | FY2025 | FY2024 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Consolidated Revenue | HKD 1.375 billion | HKD 1.305 billion | +5.4% | | Consolidated Net Loss | (HKD 7.9 million) | (HKD 48.74 million) | +84% (Loss narrowed) | | Net Profit/(Loss) excluding impairment | HKD 10.95 million | Net Loss | Turned profitable | | Basic Loss Per Share | 1.7 HK cents | 10.7 HK cents | Loss narrowed | | Consolidated Net Asset Value Per Share | HKD 3.00 | HKD 3.02 | -HKD 0.02 | - Revenue growth was primarily attributed to a **7.7%** increase in the high-tech distribution and services segment, driven by increased capital investment in the EV industry and customer overseas expansion demand[42](index=42&type=chunk) - The net loss for the year was primarily due to a non-cash impairment of approximately **HKD 18.86 million** on investment properties, resulting from the downturn in the Hong Kong property market[46](index=46&type=chunk) [HI-TECH DISTRIBUTION AND SERVICES DIVISION](index=12&type=section&id=HI-TECH%20DISTRIBUTION%20AND%20SERVICES%20DIVISION) This core segment returned to profitability with a net profit of HKD 42.10 million, driven by strong demand in EV and smartphone sectors HI-TECH DISTRIBUTION AND SERVICES DIVISION - Performance Overview | Indicator | FY2025 (HKD thousands) | FY2024 (HKD thousands) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | **1,236,648** | **1,147,992** | **+7.7%** | | Direct Machine Sales | 1,060,222 | 1,026,289 | +3.3% | | Parts and Software Sales | 99,280 | 68,324 | +45.3% | | Sales Support and Other Services | 77,146 | 53,379 | +44.5% | | **Net Profit/(Loss)** | **42,099** | **(3,260)** | **Turned profitable** | - Performance growth was primarily driven by a rebound in demand from the Electric Vehicle (EV) and smartphone industries, particularly due to customers establishing new manufacturing facilities in Southeast Asia, leading to significant increases in parts sales and sales support service revenue[52](index=52&type=chunk)[53](index=53&type=chunk) [LEASING DIVISION](index=13&type=section&id=LEASING%20DIVISION) Despite a 12% revenue decrease, the leasing segment's net profit surged by 209.4% to HKD 15.48 million, driven by strong operating lease growth LEASING DIVISION - Performance Overview | Indicator | FY2025 (HKD thousands) | FY2024 (HKD thousands) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Total Revenue** | **135,813** | **154,346** | **-12.0%** | | Machine Sales | 73,166 | 116,386 | -37.1% | | Operating Leases | 53,431 | 29,216 | +82.9% | | Finance Leases | 9,216 | 8,744 | +5.4% | | **Net Profit** | **15,475** | **5,002** | **+209.4%** | - Despite a significant decline in machine sales revenue, operating lease income surged, primarily due to increased rental prices and sustained customer renewal demand, which reduced equipment idle rates and improved utilization efficiency[60](index=60&type=chunk) [ELECTRONIC PAYMENT SOLUTION DIVISION](index=15&type=section&id=ELECTRONIC%20PAYMENT%20SOLUTION%20DIVISION) This segment saw a 7.9% revenue decline and expanded net loss due to weak local consumption and ongoing IT investments ELECTRONIC PAYMENT SOLUTION DIVISION - Performance Overview | Indicator | FY2025 (HKD thousands) | FY2024 (HKD thousands) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Revenue | 2,838 | 3,082 | -7.9% | | Net Loss | (4,690) | (3,725) | -25.9% (Loss widened) | | Of which: Amortization of intangible assets | 2,598 | - | - | - Revenue decline was primarily attributed to weak local consumption in Hong Kong and low consumer confidence; the expanded loss included approximately **HKD 2.6 million** in intangible asset amortization[67](index=67&type=chunk) - Group management successfully restructured the Jarvix business over the past two years, investing in IT upgrades and optimizing operations to provide more comprehensive online and offline payment solutions[66](index=66&type=chunk) [OUTLOOK](index=16&type=section&id=OUTLOOK) The Group anticipates growth from China's resilient market, EV and AI sectors, while expanding in Southeast Asia and launching new SMT products - The Group expects China's strong economic performance (projected **5%** GDP growth in 2025) and the rapid development of the EV and AI industries to provide a favorable business backdrop[71](index=71&type=chunk)[75](index=75&type=chunk)[76](index=76&type=chunk) - The high-tech distribution division anticipates steady growth in customer orders and plans to launch the new generation SMT product, NXTR, by the end of 2025 to drive replacement demand[82](index=82&type=chunk)[83](index=83&type=chunk) - The leasing business will focus on enhancing equipment utilization and diversifying products to capitalize on the growing demand for SMT equipment driven by the "Made in China 2025" policy[86](index=86&type=chunk)[87](index=87&type=chunk) - The electronic payment business (Jarvix), following strategic restructuring, targets young and high-end consumer groups and expects to benefit from Hong Kong government consumption stimulus measures and tourism recovery[90](index=90&type=chunk)[96](index=96&type=chunk) [LIQUIDITY AND FINANCIAL RESOURCES](index=21&type=section&id=LIQUIDITY%20AND%20FINANCIAL%20RESOURCES) The Group maintains a net cash position, relying on internal resources and bank financing, with total assets of HKD 1.957 billion and total liabilities of HKD 594 million Financial Position Overview (As at March 31, 2025) | Indicator | Amount (HKD thousands) | | :--- | :--- | | Total Assets | 1,957,197 | | Total Liabilities | 594,266 | | Bank Facilities | 708,195 | | Utilized Bank Facilities | 178,842 | | Consolidated Net Asset Value Per Share | HKD 3.00 | - The Group maintained a net cash position in both FY2025 and FY2024[97](index=97&type=chunk) [Profiles of Directors and Senior Management](index=23&type=section&id=Profiles%20of%20Directors%20and%20Senior%20Management) Provides biographical information and roles of the company's directors and key senior management personnel [Corporate Governance Report](index=28&type=section&id=Corporate%20Governance%20Report) Details the company's corporate governance framework, including board structure, committees, and compliance with relevant codes [Board of Directors and Committees](index=29&type=section&id=Board%20of%20Directors%20and%20Committees) The Board comprises six directors, including three independent non-executive directors, meeting governance code requirements, with high attendance at 11 meetings - The Board consists of 6 directors, with 3 independent non-executive directors, exceeding one-third as required by the Corporate Governance Code[132](index=132&type=chunk) - During the reporting year, the Board held 11 meetings with an average attendance rate of approximately **97%**[139](index=139&type=chunk) - The company has established Nomination, Remuneration, and Audit Committees, whose composition and operations comply with the Corporate Governance Code[163](index=163&type=chunk) [Risk Management and Internal Controls](index=45&type=section&id=Risk%20Management%20and%20Internal%20Controls) The Group maintains an effective risk management and internal control system based on the COSO 2013 framework, reviewed annually by independent consultants - The Group employs an internal control system based on the COSO 2013 framework and has established a four-stage risk management process[209](index=209&type=chunk)[210](index=210&type=chunk)[213](index=213&type=chunk) - The Group engaged an independent internal control consultant to conduct annual reviews of its risk management and internal control systems, reporting to the Board and Audit Committee[225](index=225&type=chunk) - The Board, after review, considers the Group's risk management and internal control systems to be effective and adequate for the year ended March 31, 2025[230](index=230&type=chunk) [Report of the Directors](index=57&type=section&id=Report%20of%20the%20Directors) Provides an overview of the company's financial performance, dividend policy, and significant corporate events during the reporting period [Dividends and Reserves](index=58&type=section&id=Dividends%20and%20Reserves) The Board does not recommend a dividend for the year, with distributable reserves decreasing to HKD 424 million - The Directors do not recommend the payment of any dividend for the year ended March 31, 2025[296](index=296&type=chunk) - As at March 31, 2025, the company's distributable reserves were approximately **HKD 424 million**, lower than **HKD 460 million** in 2024[298](index=298&type=chunk) [Directors and Substantial Shareholders](index=59&type=section&id=Directors%20and%20Substantial%20Shareholders) Discloses the shareholdings of directors and substantial shareholders, including Ms. Zhang Yifan's 56.55% stake Substantial Shareholders' Shareholdings (As at March 31, 2025) | Shareholder Name | Capacity | Number of Shares Held | Approximate Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Sky Virtue Holdings Limited (wholly-owned by Ms. Zhang Yifan) | Beneficial owner | 257,003,901 | 56.55% | | Sincere Ardent Limited (wholly-owned by Ms. Lu Ying) | Beneficial owner | 51,752,205 | 11.39% | | Sun Ciying | Beneficial owner | 39,861,357 | 8.77% | [Equity-Linked Agreements](index=63&type=section&id=Equity-Linked%20Agreements) The company adopted a new share option scheme in 2023, with all options under the previous 2014 scheme lapsing and no new options granted - The company adopted a new "2023 Scheme" on September 7, 2023, replacing the "2014 Scheme" which expired on September 4, 2024[335](index=335&type=chunk)[353](index=353&type=chunk) - As at March 31, 2025, all 32,056,388 unexercised share options under the "2014 Scheme" had lapsed[360](index=360&type=chunk) - As at March 31, 2025, no share options had been granted under the new "2023 Scheme"[344](index=344&type=chunk) [Independent Auditor's Report](index=77&type=section&id=Independent%20Auditor%27s%20Report) Presents the auditor's opinion on the financial statements and highlights key audit matters requiring significant judgment [Auditor's Opinion and Key Audit Matters](index=77&type=section&id=Auditor%27s%20Opinion%20and%20Key%20Audit%20Matters) Ernst & Young issued an unmodified opinion on the financial statements, with key audit matters including ECLs for receivables and impairment of goodwill/intangible assets - The auditor issued an unmodified opinion, stating that the consolidated financial statements give a true and fair view of the Group's financial position, performance, and cash flows[399](index=399&type=chunk) - Key Audit Matter One: Assessment of Expected Credit Losses (ECLs) for trade receivables (approximately **HKD 307 million**) and finance lease receivables (approximately **HKD 67.5 million**), due to significant management judgment involved[406](index=406&type=chunk) - Key Audit Matter Two: Impairment assessment of goodwill and other intangible assets (approximately **HKD 391 million**) related to high-tech distribution services and electronic payment solutions, relying on significant judgments and estimates of future cash flows[418](index=418&type=chunk)[419](index=419&type=chunk) [Consolidated Statement of Profit or Loss](index=85&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss) Summarizes the Group's financial performance for the year, showing revenue, gross profit, operating loss, and net loss Consolidated Statement of Profit or Loss Summary (Year Ended March 31) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Revenue | 1,375,299 | 1,305,420 | | Gross Profit | 289,401 | 205,567 | | Operating Loss | (1,268) | (55,216) | | Profit/(Loss) before income tax | 4,303 | (44,790) | | **Loss for the year** | **(7,904)** | **(48,735)** | | Basic loss per share (HK cents) | (1.7) | (10.7) | [Consolidated Statement of Comprehensive Income](index=86&type=section&id=Consolidated%20Statement%20of%20Comprehensive%20Income) Presents the Group's total comprehensive loss for the year, including net loss and other comprehensive losses Consolidated Statement of Comprehensive Income Summary (Year Ended March 31) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Loss for the year | (7,904) | (48,735) | | Other comprehensive loss (primarily currency translation differences) | (2,903) | (13,728) | | **Total comprehensive loss for the year** | **(10,807)** | **(62,463)** | [Consolidated Statement of Financial Position](index=87&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) Provides a snapshot of the Group's assets, liabilities, and equity as of the reporting date Consolidated Statement of Financial Position Summary (As at March 31) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | **Non-current assets** | **772,710** | **788,934** | | **Current assets** | **1,184,487** | **1,168,124** | | **Total assets** | **1,957,197** | **1,957,058** | | **Current liabilities** | **562,288** | **536,954** | | **Non-current liabilities** | **31,978** | **46,366** | | **Total liabilities** | **594,266** | **583,320** | | **Total equity** | **1,362,931** | **1,373,738** | [Consolidated Statement of Changes in Equity](index=89&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Equity) Details the changes in the Group's equity attributable to owners, primarily due to the total comprehensive loss for the year - As at March 31, 2025, total equity attributable to owners of the Company was **HKD 1.363 billion**, a decrease of approximately **HKD 10.81 million** from the beginning of the year; this reduction was primarily due to a total comprehensive loss of **HKD 10.81 million** for the year, comprising a net loss of **HKD 7.90 million** and currency translation differences of **HKD 2.90 million**[455](index=455&type=chunk) [Consolidated Statement of Cash Flows](index=91&type=section&id=Consolidated%20Statement%20of%20Cash%20Flows) Reports the Group's cash inflows and outflows from operating, investing, and financing activities Consolidated Statement of Cash Flows Summary (Year Ended March 31) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Net cash flows from operating activities | 28,186 | (41,416) | | Net cash flows from investing activities | (42,362) | (7,400) | | Net cash flows from financing activities | (12,451) | (22,647) | | **Decrease in cash and cash equivalents** | **(26,627)** | **(71,463)** | | Cash and cash equivalents at beginning of year | 345,494 | 425,154 | | **Cash and cash equivalents at end of year** | **321,450** | **345,494** | [Notes to Financial Statements](index=93&type=section&id=Notes%20to%20Financial%20Statements) Provides detailed explanations and breakdowns of items presented in the primary financial statements [Segment Information](index=164&type=section&id=Segment%20Information) The Group operates three segments: high-tech distribution, leasing, and electronic payment, with most revenue from China FY2025 Segment Performance | Segment | Revenue (HKD thousands) | Segment Results (HKD thousands) | | :--- | :--- | :--- | | High-tech product distribution and services | 1,236,648 | 49,114 | | Leasing | 135,813 | 21,967 | | Electronic payment solutions | 2,838 | (5,119) | | **Total** | **1,375,299** | **65,962** | - Geographically, the China market, including Hong Kong, contributed **HKD 1.292 billion** in revenue, accounting for **94%** of total revenue[815](index=815&type=chunk) [Properties Held by the Group](index=226&type=section&id=Properties%20Held%20by%20the%20Group) Details the Group's investment properties in Hong Kong, held for rental income - The Group holds two primary investment properties, both located in Hong Kong, used for rental income; one is at 9 Seymour Road, The Icon, and the other at 21 Borrett Road[1032](index=1032&type=chunk)