[Company Information and Declarations](index=1&type=section&id=Company%20Information%20and%20Declarations) [Cover and GEM Characteristics Statement](index=1&type=section&id=Cover%20and%20GEM%20Characteristics%20Statement) This report presents the interim results of Kingworld Group Holdings Limited (formerly Light Vision Holdings Limited) for the six months ended June 30, 2025, highlighting GEM market characteristics and the Board's responsibility for the announcement's content - Company name: Kingworld Group Holdings Limited (formerly Light Vision Holdings Limited)[1](index=1&type=chunk) - Company stock code: **8082**, incorporated in the Cayman Islands and continued in Bermuda as a limited company[1](index=1&type=chunk) - The GEM market is positioned to provide a listing platform for small and medium-sized companies with higher investment risks compared to other companies listed on the Stock Exchange[2](index=2&type=chunk) - All company directors jointly and individually assume full responsibility for this announcement, confirming the information is accurate, complete, and free from misleading or fraudulent content[2](index=2&type=chunk) [Financial Statements](index=2&type=section&id=Financial%20Statements) [Unaudited Condensed Consolidated Statement of Profit or Loss](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) For the six months ended June 30, 2025, the Group's revenue significantly decreased by **33.18%**, gross profit sharply declined by **98.29%**, leading to a **239.52%** increase in loss for the period, with basic loss per share rising to **1.16 HK Cents** Key Data from Condensed Consolidated Statement of Profit or Loss | Metric | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Revenue | 71,630 | 107,206 | | Cost of sales | (70,891) | (64,021) | | Gross profit | 739 | 43,185 | | Other income and gains | 983 | 1,100 | | Selling, marketing and distribution expenses | (791) | (3,038) | | General and administrative expenses | (26,167) | (36,474) | | Other expenses, net | (2,295) | (10,527) | | Finance costs | (1,656) | (2,300) | | Loss before tax | (29,192) | (8,018) | | Income tax expense | – | (580) | | Loss for the period | (29,192) | (8,598) | | Loss per share attributable to owners of the Company (HK Cents) – Basic and diluted | (1.16) | (0.31) | [Unaudited Condensed Consolidated Statement of Comprehensive Income](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) Total comprehensive loss for the period significantly expanded year-on-year, primarily due to increased loss for the period, partially offset by a positive exchange difference from translating foreign operations Key Data from Condensed Consolidated Statement of Comprehensive Income | Metric | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Loss for the period | (29,192) | (8,598) | | Exchange difference arising from translation of foreign operations | 630 | (469) | | Total comprehensive loss for the period | (28,562) | (9,067) | | Attributable to owners of the Company | (28,458) | (7,406) | | Non-controlling interests | (104) | (1,661) | [Unaudited Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's financial position deteriorated, with net current assets turning into net current liabilities and total equity shifting from surplus to deficit, mainly due to reduced intangible and non-current assets and a significant increase in current liabilities Key Data from Condensed Consolidated Statement of Financial Position | Metric | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Property, plant and equipment | 384 | 387 | | Right-of-use assets | 455 | 823 | | Intangible assets | 606 | 2,286 | | Total non-current assets | 2,699 | 4,796 | | Total current assets | 141,675 | 118,753 | | Total current liabilities | 158,832 | 109,302 | | Net current (liabilities) / assets | (17,157) | 9,451 | | Total assets less current liabilities | (14,458) | 14,247 | | Total (deficit) / equity | (14,480) | 14,082 | [Unaudited Condensed Consolidated Statement of Changes in Equity](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) As of June 30, 2025, equity attributable to owners of the Company shifted from surplus to deficit, primarily due to a substantial loss for the period, partially offset by an increase in the exchange fluctuation reserve Key Data from Condensed Consolidated Statement of Changes in Equity | Metric | June 30, 2025 (HK$ Thousand) | January 1, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Share capital | 62,900 | 52,400 | | Share premium | 449,962 | 445,446 | | Exchange fluctuation reserve | 92 | (1,419) | | Accumulated losses | (561,509) | (516,884) | | Total attributable to owners of the Company | (10,170) | 29,013 | | Total equity | (14,480) | 31,405 | - Loss for the period resulted in a **HK$29,088 thousand** decrease in equity attributable to owners of the Company[6](index=6&type=chunk) - Exchange difference arising from translation of foreign operations was a positive **HK$630 thousand**, positively impacting equity[6](index=6&type=chunk) [Notes to the Financial Statements](index=6&type=section&id=Notes%20to%20the%20Financial%20Statements) [Note 1 Basis of Preparation and Changes in Accounting Policies and Disclosures](index=6&type=section&id=Note%201%20Basis%20of%20Preparation%20and%20Changes%20in%20Accounting%20Policies%20and%20Disclosures) These interim financial statements are prepared in accordance with HKAS 34 and GEM Listing Rules Chapter 18, with accounting policies consistent with the 2024 annual report and no significant impact from new or revised standards - The unaudited condensed consolidated financial statements are prepared in accordance with Hong Kong Accounting Standard 34 'Interim Financial Reporting' issued by the Hong Kong Institute of Certified Public Accountants and Chapter 18 of the GEM Listing Rules[7](index=7&type=chunk) - The accounting policies and methods of computation used in preparing these unaudited condensed consolidated financial statements are consistent with those used in the 2024 annual report[7](index=7&type=chunk) - New and revised Hong Kong Financial Reporting Standards that have been issued but are not yet effective have no significant impact on these unaudited condensed consolidated financial statements[9](index=9&type=chunk) [Note 2 Operating Segment Information](index=6&type=section&id=Note%202%20Operating%20Segment%20Information) During the period, the Group's operating segments changed from two (media and entertainment, cremation and funeral services) to a single media and entertainment segment, as the cremation and funeral business was disposed of in August 2024 - During the period under review, the Group operated in a single business unit: media and entertainment[10](index=10&type=chunk) - Last year, the Group's business was divided into two operating units based on its products and services: the media and entertainment segment and the cremation and funeral services segment[10](index=10&type=chunk)[11](index=11&type=chunk) Segment Results and Other Segment Items (Six Months Ended June 30, 2025) | Metric | Media and Entertainment (HK$ Thousand) | Total (HK$ Thousand) | | :--- | :--- | :--- | | Segment revenue: Sales to external customers | (71,630) | (71,630) | | Segment results | (22,522) | (22,522) | | Loss before tax | | (29,192) | | Total assets | | 144,374 | | Total liabilities | | (158,854) | Segment Results and Other Segment Items (Six Months Ended June 30, 2024) | Metric | Media and Entertainment (HK$ Thousand) | Cremation and Funeral Services (HK$ Thousand) | Total (HK$ Thousand) | | :--- | :--- | :--- | :--- | | Segment revenue: Sales to external customers | 98,254 | 8,952 | 107,206 | | Segment results | 6,801 | (7,429) | (628) | | Loss before tax | | | (8,018) | | Total assets | | | 181,047 | | Total liabilities | | | (143,625) | [Note 2(b) Revenue](index=9&type=section&id=Note%202%28b%29%20Revenue) Total revenue for the period decreased by **33.18%** year-on-year, primarily due to reduced income from concerts and other entertainment activities, and zero revenue from cremation and funeral services due to business disposal Revenue from Contracts with Customers and Other Sources | Source of Revenue | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Provision of cremation and funeral services and sales of related goods | – | 5,254 | | Revenue from concerts and other entertainment activities and sales of related goods | 67,954 | 78,822 | | Revenue from artist management and performance services | 1,674 | 3,585 | | **Subtotal of revenue from contracts with customers** | **69,628** | **87,661** | | Provision of cremation services (government grants) | – | 3,698 | | Net gain from investment in concerts, other entertainment activities, film and television drama production projects | 2,002 | 15,847 | | **Subtotal of other sources of revenue** | **2,002** | **19,545** | | **Total revenue** | **71,630** | **107,206** | [Note 3 Other Income and Gains](index=9&type=section&id=Note%203%20Other%20Income%20and%20Gains) Other income and gains for the period decreased by **10.64%** year-on-year, mainly due to the absence of government grants, though other income increased Analysis of Other Income and Gains | Source of Revenue | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Government grants | – | 381 | | Others | 983 | 719 | | **Total** | **983** | **1,100** | [Note 4 Income Tax Expense](index=10&type=section&id=Note%204%20Income%20Tax%20Expense) During the period, the Group generated no assessable profits in Hong Kong, thus no provision for Hong Kong profits tax was made, and there were no significant unprovided deferred taxes - The Group did not generate any assessable profits in Hong Kong during the period, and therefore no provision for Hong Kong profits tax was made for the period[17](index=17&type=chunk) - The Group had no significant unprovided deferred taxes for each reporting period[18](index=18&type=chunk) [Note 5 Dividends](index=10&type=section&id=Note%205%20Dividends) The Board does not recommend the payment of any dividend for the six months ended June 30, 2025 - The Directors do not recommend the payment of a dividend or the transfer of any amount to reserves for the six months ended June 30, 2025[19](index=19&type=chunk) [Note 6 Loss Per Share Attributable to Owners of the Company](index=10&type=section&id=Note%206%20Loss%20Per%20Share%20Attributable%20to%20Owners%20of%20the%20Company) Basic loss per share attributable to owners of the Company significantly increased this period, with no diluted adjustment made due to the anti-dilutive effect of unexercised share options Loss Per Share Attributable to Owners of the Company | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Loss attributable to owners of the Company (HK$ Thousand) | (29,088) | (7,030) | | Weighted average number of ordinary shares in issue (in thousands) | 2,516,015 | 2,266,381 | | Loss per share (HK Cents) – Basic and diluted | (1.16) | (0.31) | - No diluted adjustment was made to the basic loss per share amount presented for the period as the unexercised share options had an anti-dilutive effect on the basic loss per share amount presented[22](index=22&type=chunk) [Note 7 Loss Before Tax](index=11&type=section&id=Note%207%20Loss%20Before%20Tax) Loss before tax was primarily impacted by employee benefit expenses, depreciation of property, plant and equipment, right-of-use assets, and amortization of intangible assets, with employee benefit expenses significantly decreasing year-on-year Items Deducted in Arriving at Loss Before Tax | Expense Item | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Cost of inventories recognized as an expense | – | 37 | | Employee benefit expenses | 12,288 | 22,865 | | Depreciation of property, plant and equipment | 324 | 1,471 | | Depreciation of right-of-use assets | 223 | 276 | | Amortisation of intangible assets | 111 | 264 | [Note 8 Trade Receivables](index=11&type=section&id=Note%208%20Trade%20Receivables) As of June 30, 2025, the carrying amount of trade receivables significantly increased by **92.76%** year-on-year, primarily concentrated within 30 days, reflecting the credit period characteristics of the media and entertainment business Ageing Analysis of Trade Receivables | Metric | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Trade receivables | 27,532 | 17,745 | | Provision for loss allowance | (7,472) | (7,338) | | **Carrying amount** | **20,060** | **10,407** | | **Ageing analysis (net of loss allowance):** | | | | Within 30 days | 15,041 | 4,146 | | 31 to 60 days | 1,401 | 896 | | 61 to 90 days | 251 | 1,706 | | Over 90 days | 3,367 | 3,659 | - The Group's credit period for sales to customers in the cremation and funeral business is generally **30 days**, while for the media and entertainment business, it is generally **30 to 60 days**[23](index=23&type=chunk) [Note 9 Prepayments, Deposits and Other Receivables](index=12&type=section&id=Note%209%20Prepayments%2C%20Deposits%20and%20Other%20Receivables) As of June 30, 2025, the total amount of prepayments, deposits, and other receivables significantly increased, primarily driven by a substantial rise in other receivables Prepayments, Deposits and Other Receivables | Metric | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Prepayments | 15,559 | 15,608 | | Deposits | 279 | 361 | | Other receivables | 33,436 | 21,220 | | **Subtotal** | **49,274** | **37,189** | | Impairment allowance | (13,344) | (13,239) | | **Total** | **35,930** | **23,950** | [Note 10 Trade Payables, Other Payables, Accrued Expenses and Other Financial Liabilities](index=13&type=section&id=Note%2010%20Trade%20Payables%2C%20Other%20Payables%2C%20Accrued%20Expenses%20and%20Other%20Financial%20Liabilities) As of June 30, 2025, total trade payables, other payables, accrued expenses, and other financial liabilities significantly increased, driven by growth in other payables and financial liabilities at fair value through profit or loss Trade Payables, Other Payables, Accrued Expenses and Other Financial Liabilities | Metric | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Trade payables | 2,984 | 2,698 | | Contract liabilities | 1,120 | 674 | | Other payables and accrued expenses | 46,987 | 38,636 | | Financial liabilities at fair value through profit or loss | 34,021 | 23,325 | | **Total** | **85,112** | **65,333** | Ageing Analysis of Trade Payables | Ageing | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Within 30 days | 655 | 529 | | 31 to 60 days | 320 | – | | 61 to 90 days | – | – | | Over 90 days | 2,009 | 2,169 | [Note 11 Issued Share Capital](index=14&type=section&id=Note%2011%20Issued%20Share%20Capital) As of June 30, 2025, the Company's issued share capital remained at **HK$62,900 thousand**, consistent with December 31, 2024, with an authorized share capital of **HK$80,000 thousand** Authorised and Issued Share Capital | Metric | Number of shares (in thousands) | Authorised share capital (HK$ Thousand) | | :--- | :--- | :--- | | Authorised: Ordinary shares of HK$0.025 each at January 1, 2024, December 31, 2024 and June 30, 2025 | 3,200,000 | 80,000 | | **Issued and fully paid:** | | | | Ordinary shares of HK$0.025 each at January 1, 2024 | 2,096,016 | 52,400 | | Issue of shares (Note (a)) | 419,000 | 10,475 | | Exercise of share options (Note (b)) | 1,000 | 25 | | At December 31, 2024, January 1, 2025 and June 30, 2025 | 2,516,016 | 62,900 | - On April 22, 2024, the Company entered into a subscription agreement with Qingyang Development Limited to subscribe for **419,000,000** ordinary shares at **HK$0.036** per share[26](index=26&type=chunk) - On October 24, 2024, the Company issued **1,000,000** ordinary shares due to the exercise of share options by a director[26](index=26&type=chunk) [Note 12 Related Party Transactions](index=15&type=section&id=Note%2012%20Related%20Party%20Transactions) During the period, the Group engaged in transactions with related parties, including rent payments, finance costs, and directors' emoluments, all conducted on agreed terms in the ordinary course of business Related Party Transactions | Type of Transaction | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Rent paid/payable | 503 | 503 | | Finance costs | 5 | 118 | | Emoluments of the Group's directors: Short-term employee benefits | 1,379 | 1,260 | | Emoluments of the Group's directors: Pension scheme contributions | 18 | 18 | | **Total directors' emoluments** | **1,397** | **1,278** | - Finance costs arose from unsecured loans from a director at annual interest rates of **8%** and **3%**, which were repaid during the review period[29](index=29&type=chunk) [Management Discussion and Analysis](index=16&type=section&id=Management%20Discussion%20and%20Analysis) [Financial Review](index=16&type=section&id=Financial%20Review) During the period, the Group's revenue and gross profit significantly declined, leading to a substantial increase in loss, primarily due to underperforming concerts and reduced expenses from fewer business units - Total revenue was approximately **HK$71,630,000**, a **33.18%** decrease compared to the same period last year[30](index=30&type=chunk) - Overall gross profit was **HK$739,000**, a **98.29%** decrease compared to the same period last year, mainly due to underperforming concerts organized or invested in by the Group during the review period[30](index=30&type=chunk) - Selling, marketing and distribution expenses decreased by **73.96%** to approximately **HK$791,000**[31](index=31&type=chunk) - General and administrative expenses decreased by **28.26%** to approximately **HK$26,167,000**, primarily due to only one business unit being recorded during the period[32](index=32&type=chunk) - Loss for the period was approximately **HK$29,192,000** (compared to a loss of approximately **HK$8,598,000** in the same period last year)[34](index=34&type=chunk) [Business Review](index=17&type=section&id=Business%20Review) Revenue from the media and entertainment segment significantly decreased due to poor concert market performance, while the cremation and funeral business, sold in August 2024, generated no related income this period - The media and entertainment segment recorded revenue of approximately **HK$71,630,000**, a **27.1%** decrease compared to the same period last year, mainly due to the unsatisfactory market performance of concerts invested in or organized by the Group[35](index=35&type=chunk) - No revenue was generated from the cremation and funeral business as it was disposed of in August 2024[36](index=36&type=chunk) [Prospects](index=17&type=section&id=Prospects) Despite financial and political concerns, the Group will focus on its media and entertainment business, actively participate in major performance projects, and anticipate growth opportunities from economic stimulus policies and new venues like Kai Tak Sports Park - The Group is engaged in the media and entertainment business, with core operations including organizing concerts, exhibitions, and live entertainment events[37](index=37&type=chunk) - Ongoing financial and political concerns continued to affect the regional economic outlook during the year, leading to a soft consumer sentiment[37](index=37&type=chunk) - The Group participated in several large-scale cross-border performance projects, including concerts by Taeyeon, Ian Chan, and Fish Leong[37](index=37&type=chunk) - Multiple policies to stimulate economic growth and boost domestic demand, coupled with the opening of Kai Tak Sports Park, are expected to attract international superstars to hold concerts in Hong Kong[37](index=37&type=chunk) [Liquidity and Financial Resources](index=18&type=section&id=Liquidity%20and%20Financial%20Resources) As of June 30, 2025, the Group's cash and bank balances increased, but net current assets turned into net current liabilities of **HK$17,157,000**, and the current ratio decreased to **0.89** times, indicating liquidity pressure - Cash and bank balances were approximately **HK$49,613,000** (December 31, 2024: **HK$43,273,000**)[38](index=38&type=chunk) - The Group's total assets were **HK$144,374,000** (December 31, 2024: **HK$123,549,000**)[38](index=38&type=chunk) - Net current liabilities were **HK$17,157,000** (December 31, 2024: net current assets of **HK$9,451,000**)[38](index=38&type=chunk) - The current ratio (i.e., current assets divided by current liabilities) was **0.89** times (December 31, 2024: **1.09** times)[38](index=38&type=chunk) [Currency Risk](index=18&type=section&id=Currency%20Risk) The Group's overseas business investments face foreign currency translation risk, but currently, there is no hedging policy; overall foreign exchange risk is not significant as most assets are denominated in functional currencies - The Group has certain overseas business investments whose net assets are exposed to foreign currency translation risk[39](index=39&type=chunk) - The Group currently has no foreign currency policy to hedge the currency risk arising from the net assets of its overseas operations[39](index=39&type=chunk) - As most of the Group's assets are denominated in their functional currencies of HKD, RMB, or TWD, the Group does not have significant foreign exchange risk[39](index=39&type=chunk) [Employees and Remuneration Policies](index=18&type=section&id=Employees%20and%20Remuneration%20Policies) As of June 30, 2025, both the number of employees and total staff costs of the Group decreased, with remuneration policies remaining consistent with the previous year's annual report - The Group employed **59** employees (including directors), a decrease from **94** in the same period last year[40](index=40&type=chunk) - Total staff costs (including directors' emoluments) were approximately **HK$12,288,000**, a significant decrease from **HK$22,865,000** in the same period last year[40](index=40&type=chunk) - The Group's employment and remuneration policies are the same as those detailed in the 2024 annual report[40](index=40&type=chunk) [Pledged Assets and Contingent Liabilities of the Group](index=18&type=section&id=Pledged%20Assets%20and%20Contingent%20Liabilities%20of%20the%20Group) As of June 30, 2025, the Group had no pledged assets or any significant contingent liabilities - As at June 30, 2025, the Group had no pledged assets or any significant contingent liabilities[41](index=41&type=chunk) [Other Information](index=19&type=section&id=Other%20Information) [Directors' and Chief Executive's Interests and Short Positions in Shares and Underlying Shares of the Company](index=19&type=section&id=Directors%27%20and%20Chief%20Executive%27s%20Interests%20and%20Short%20Positions%20in%20Shares%20and%20Underlying%20Shares%20of%20the%20Company) As of June 30, 2025, several directors held long positions in the Company's shares and underlying shares, with Mr. Tong Choi Chi holding the highest percentage, and details of unexercised share options were also disclosed Directors' and Chief Executive's Interests in Shares and Underlying Shares of the Company (Long Positions) | Name | Capacity | Total number of shares and underlying shares held | Percentage of issued share capital | | :--- | :--- | :--- | :--- | | Mr. Tong Choi Chi | Beneficial owner | 538,489,426 | 21.4% | | Mr. Chung Cho Lam | Beneficial owner | 24,500,000 | 0.97% | | Mr. Ma Sun Ying | Beneficial owner | 50,000,000 | 1.99% | | Ms. Yuen Siu Mui | Beneficial owner | 50,000,000 | 1.99% | | Mr. Chan Wai Man | Beneficial owner | 1,000,000 | 0.04% | | Mr. Siu Hei Lam | Beneficial owner | 700,000 | 0.03% | - As of June 30, 2025, the total number of unexercised and exercisable share options was **70,070,000**[43](index=43&type=chunk) - During the six months ended June 30, 2025, **64,337,000** share options were forfeited/lapsed[43](index=43&type=chunk) [Substantial Shareholders' Interests and Short Positions in Shares, Underlying Shares and Convertible Bonds of the Company](index=21&type=section&id=Substantial%20Shareholders%27%20Interests%20and%20Short%20Positions%20in%20Shares%2C%20Underlying%20Shares%20and%20Convertible%20Bonds%20of%20the%20Company) As of June 30, 2025, Mr. Tong Choi Chi, Chen Pu, Qingyang Development Limited, and Albula Investment Fund Ltd were listed as substantial shareholders, holding long positions of **5%** or more in the Company's shares Substantial Shareholders' Interests in Shares, Underlying Shares and Convertible Bonds of the Company (Long Positions) | Name/Company Name | Capacity | Number of shares and underlying shares | Percentage of issued share capital | | :--- | :--- | :--- | :--- | | Mr. Tong | Beneficial owner | 538,489,426 | 21.4% | | Chen Pu | Beneficial owner | 200,000,000 | 7.95% | | Qingyang Development Limited | Beneficial owner | 132,030,000 | 5.25% | | Albula Investment Fund Ltd | Beneficial owner | 105,120,000 | 5.02% | [Directors' Securities Transactions](index=21&type=section&id=Directors%27%20Securities%20Transactions) The Company's directors confirmed full compliance with the required standards for securities transactions during the six months ended June 30, 2025, with no instances of non-compliance - The Company's directors confirmed that they fully complied with the required standards for securities transactions of the Company during the six months ended June 30, 2025, and there were no instances of non-compliance[45](index=45&type=chunk) [Competing Interests](index=22&type=section&id=Competing%20Interests) Executive Directors Mr. Tong Choi Chi and Mr. Chung Cho Lam disclosed their interests in other companies engaged in media and entertainment businesses that may compete with the Group - Executive Director Mr. Tong Choi Chi holds interests in companies such as Aurora Entertainment Holdings Limited, Accela Group Limited, Art Production Limited, and Beamco HK Limited, which are engaged in entertainment, artist management, film, and concert production businesses[46](index=46&type=chunk) - Executive Director Mr. Chung Cho Lam holds interests in companies such as Chessman Entertainment Production Co., Ltd., Chessman Entertainment Production (Hong Kong) Co., Limited, Chessman Investment Management Co., Ltd., Good Media Production Co., Ltd., and Yishi Music Production Co., Ltd., which are engaged in concert coordination, artist management, music production, and film production businesses[47](index=47&type=chunk) - Save as disclosed above, to the best knowledge of the Directors, none of the Directors, management shareholders, or their associates have any business or interest that competes or may compete with the business of the Group[48](index=48&type=chunk) [Arrangement to Acquire Shares by Directors](index=23&type=section&id=Arrangement%20to%20Acquire%20Shares%20by%20Directors) Except for the disclosed share option scheme, neither the Company, its holding company, nor any of its subsidiaries participated in any arrangements during the period enabling directors to profit from acquiring shares - Save for the share option scheme disclosed above, at no time during the six months ended June 30, 2025, was the Company, its holding company, or any of its subsidiaries or fellow subsidiaries a party to any arrangement to enable the directors of the Company to acquire benefits by means of the acquisition of shares in, or debentures of, the Company or any other body corporate[49](index=49&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=23&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) During 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 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[50](index=50&type=chunk) [Corporate Governance](index=23&type=section&id=Corporate%20Governance) [Compliance with Corporate Governance Practices](index=23&type=section&id=Compliance%20with%20Corporate%20Governance%20Practices) The Company confirmed full compliance with all code provisions of the Corporate Governance Code set out in Appendix C1 of the GEM Listing Rules for the six months ended June 30, 2025 - For the six months ended June 30, 2025, the Company complied with all code provisions of the Corporate Governance Code as set out in Appendix C1 to the GEM Listing Rules[51](index=51&type=chunk) [Audit Committee](index=23&type=section&id=Audit%20Committee) The Company's Audit Committee, comprising three independent non-executive directors, is responsible for reviewing financial, internal, and risk management controls, and has reviewed the Group's unaudited results for the six months ended June 30, 2025 - The Audit Committee comprises three independent non-executive Directors: Mr. Chan Wai Man (Chairman), Mr. Siu Hei Lam, and Dr. Yip Wai Hung[52](index=52&type=chunk) - The primary duties of the Audit Committee include reviewing the Group's financial controls, internal controls, and risk management systems, and reviewing and monitoring the integrity of the consolidated financial statements[52](index=52&type=chunk) - The Audit Committee has reviewed the unaudited results of the Group for the six months ended June 30, 2025[53](index=53&type=chunk) [Board Approval and Publication](index=24&type=section&id=Board%20Approval%20and%20Publication) [Board Composition and Approval](index=24&type=section&id=Board%20Composition%20and%20Approval) This interim results announcement has been approved by the Board, which comprises one executive director, two non-executive directors, and three independent non-executive directors - This announcement is issued by order of the Board and signed by Mr. Tong Choi Chi, Chairman and Executive Director[54](index=54&type=chunk) - As of the date of this announcement, the Board comprises one executive director (Chairman), two non-executive directors, and three independent non-executive directors[55](index=55&type=chunk) [Publication of Announcement](index=24&type=section&id=Publication%20of%20Announcement) This announcement will be published on the websites of The Stock Exchange of Hong Kong Limited and the Company, and will remain there for at least **7** days - This announcement will be published on the 'Latest Listed Company Announcements' page of the Stock Exchange's website and on the Company's website at www.8082.com.hk for at least **7** days from the date of publication[55](index=55&type=chunk)

Core Viewpoint - The company expects a significant increase in net loss for the six months ending June 30, 2025, projected to be between 26 million to 31 million Hong Kong dollars, compared to a net loss of 8.59 million Hong Kong dollars for the same period ending June 30, 2024 [1] Financial Performance - The anticipated net loss of 26 million to 31 million Hong Kong dollars represents a substantial increase from the previous year's loss of 8.59 million Hong Kong dollars [1] - The gross profit for the current period is expected to be only 700,000 Hong Kong dollars, a sharp decline from the gross profit of 4.32 million Hong Kong dollars recorded in the same period last year [1]

Core Viewpoint - The company, Qinhua Holdings (08082.HK), anticipates a significant increase in net loss for the six months ending June 30, 2025, projecting a loss between approximately HKD 26 million to HKD 31 million, compared to a net loss of about HKD 8.59 million for the same period ending June 30, 2024 [1] Financial Performance - The expected increase in losses is primarily attributed to poor market performance in the concert sector, resulting in a gross profit of only approximately HKD 700,000, a substantial decline from the gross profit of about HKD 43.2 million recorded for the six months ending June 30, 2024 [1]

Core Viewpoint - The company, QH Holdings (08082), anticipates a significant increase in net losses for the six months ending June 30, 2025, projecting losses between approximately HKD 26 million to HKD 31 million, compared to a net loss of about HKD 8.59 million for the six months ending June 30, 2024 [1] Financial Performance - The expected increase in losses is primarily attributed to poor market performance in the concert investment and organization sector, resulting in a gross profit of only about HKD 700,000, a substantial decline from the gross profit of approximately HKD 43.2 million for the six months ending June 30, 2024 [1]

Core Viewpoint - The company, Qihua Holdings (08082), anticipates a significant increase in net losses for the six months ending June 30, 2025, compared to the previous period, primarily due to poor performance in the concert market [1] Financial Performance - For the six months ending June 30, 2024, the company reported a net loss of approximately 8.59 million HKD [1] - The expected net loss for the six months ending June 30, 2025, is projected to be between approximately 26 million HKD and 31 million HKD [1] - Gross profit for the current period is expected to be only about 70000 HKD, a significant decline from the gross profit of approximately 4.32 million HKD for the six months ending June 30, 2024 [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佈之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公佈全部或任何部分內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 Qing Hua Holding Group Company Limited 擎華控股集團有限公司 （前稱「 Sunny Side Up Culture Holdings Limited 光尚文化控股有限公司」） （於開曼群島註冊成立並於百慕達存續之有限公司） (股份代號: 8082) 股東及有意投資者於買賣本公司證券時，務請審慎行事。 承董事會命 擎華控股集團有限公司 盈利警告 本公佈乃由擎華控股集團有限公司（「本公司」），連同其附屬公司統稱「本集團」）根據香港 聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）第17.10條及香港法例第571章證 券及期貨條例第XIVA部項下內幕消息條文（定義見GEM上市規則）而作出。 本公司董事會（「董事會」）謹此知會股東及本公司潛在投資者，根據對本集團截至二零二五 年六月三十日止六個月（「本期間」）未經審核綜合管理賬目以及董事會目前可得之若干資料 之初步審 ...

[Announcement Overview](index=1&type=section&id=Announcement%20Overview) This announcement supplements the 2024 annual report, providing additional details on the Share Option Scheme - This announcement is a supplemental announcement to the 2024 annual report published by Kingwa Holdings Group Limited (formerly known as Loong Palace Culture Holdings Limited, stock code: 8082) on April 29, 2025[2](index=2&type=chunk)[3](index=3&type=chunk) - The main purpose of the announcement is to provide supplementary information for the "Report of the Directors - Share Option Scheme" section in the 2024 annual report[3](index=3&type=chunk)[4](index=4&type=chunk) [Supplementary Information on Share Option Scheme](index=1&type=section&id=Supplementary%20Information%20on%20Share%20Option%20Scheme) This section details changes in share options for directors, employees, and consultants, alongside updates to the scheme's authorized limits [Details of Changes in Directors' Share Options](index=1&type=section&id=Details%20of%20Changes%20in%20Directors%27%20Share%20Options) Directors' total share options decreased to 42.8 million units by year-end 2024, primarily due to lapses and exercises Changes in Directors' Share Options | Metric | Quantity (units) | | :--- | :--- | | Outstanding as of January 1, 2024 | 55,266,000 | | Exercised during the year | (1,000,000) | | Forfeited/Lapsed during the year | (11,466,000) | | Outstanding and exercisable as of December 31, 2024 | 42,800,000 | - **11,466,000** share options held by Mr. Zhong lapsed during 2024, and **1,000,000** share options were exercised by Mr. Siu Hei Lam[5](index=5&type=chunk) [Details of Changes in Employees' and Consultants' Share Options](index=2&type=section&id=Details%20of%20Changes%20in%20Employees%27%20and%20Consultants%27%20Share%20Options) Share options for employees and consultants decreased to 91.6 million units by year-end 2024, mainly due to significant lapses Changes in Employees' and Consultants' Share Options | Metric | Quantity (units) | | :--- | :--- | | Outstanding as of January 1, 2024 | 119,507,600 | | Exercised during the year | 0 | | Forfeited/Lapsed during the year | (27,900,600) | | Outstanding and exercisable as of December 31, 2024 | 91,607,000 | - A total of **27,900,600** share options held by employees and consultants lapsed during 2024[6](index=6&type=chunk) [Authorized Limits of Share Option Scheme](index=2&type=section&id=Authorized%20Limits%20of%20Share%20Option%20Scheme) By year-end 2024, the share option scheme's authorized limit for grants was 209.6 million units, including a 21.0 million unit cap for service providers Authorized Limits of Share Option Scheme | Metric | January 1, 2024 (units) | December 31, 2024 (units) | | :--- | :--- | :--- | | Share options and awards available for grant under authorized limit | 0 | 209,601,567 | | Service provider cap under authorized limit | 0 | 20,960,156 | [Other Information and Declarations](index=2&type=section&id=Other%20Information%20and%20Declarations) This section confirms the supplementary nature of the information and outlines the Board's responsibility for its accuracy - This supplementary information does not affect other disclosures in the 2024 annual report, with all other information remaining unchanged[7](index=7&type=chunk) - The Board of Directors comprises Mr. Tong Choi Chi (Chairman and Executive Director), Mr. Ma Sun Ying and Ms. Yuen Siu Mui (Non-executive Directors), and Mr. Chan Wai Man, Dr. Yip Wai Hung, and Mr. Siu Hei Lam (Independent Non-executive Directors)[9](index=9&type=chunk) - The Board of Directors collectively and individually accepts full responsibility for the accuracy, completeness, and non-misleading nature of the information contained in this announcement[9](index=9&type=chunk)

(前稱 「 Sunny Side Up Culture Holdings Limited 光尚文化控股有限公司 」 ) (於開曼群島註冊成立並於百慕達存續之有限公司) (股份代號: 8082) 董事會會議通告 擎華控股集團有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會將 於二零二五年八月二十八日（星期四）於香港九龍觀塘鴻圖道35號天星中心15樓舉 行會議，以商討下列事項： Qing Hua Holding Group Company Limited 擎華控股集團有限公司 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佈之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不對因本公佈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。 本公佈將於其刊登日期起最少 7 日刊載於聯交所網站 www.hkexnews.hk 「最新上市 公司公告」頁內及本公司之網站 www.8082.com.hk 內。 - 2 - 1. 考慮並批准本公司及其附屬公司（「本集團」）截至二零二五年六月三十日止 六個月之未經審核綜合財務報表（「中期業績」）； 2. 考慮及通過將本集團之中 ...

THE STOCK EXCHANGE OF HONG KONG LIMITED (A wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited) FF003G 監管表格 上市申請表格 Ｇ表格 GEM 公司資料報表 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資料報表的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不對因本資料報表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。 公司名稱: 擎華控股集團有限公司（前稱「光尚文化控股有限公司」） 證券代號（普通股）: 8082 本資料報表列載若干有關上述在香港聯合交易所有限公司（「交易所」）GEM 上市的公司 （「該公司」）的資料。該等資料乃遵照香港聯合交易所有限公司《GEM 證券上市規則》 （「《GEM 上市規則》」）的規定而提供，旨在向公眾提供有關該公司的資料。該等資料將 會在互聯網的交易所網頁展示。本資料報表不應視作有關該公司及╱或其證券的完整資料概要。 本報表的資料乃於 2025 年 08 月 12 更新。 註冊成立地點 : 於開 ...

光尚文化控股(08082)公布，自2025年8月15日上午九时正起，在联交所买卖交易的英文股份简称将 由"SUNNY SIDE UP"改为"QINGHUA HOLD"及中文股份简称由"光尚文化控股"改为"擎华控股"。公司 的股份代号仍为"8082"。 ...