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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國三三傳媒集團有限公司 (於開曼群島註冊成立的有限公司) 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) | 08087 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 10,000,000,000 | USD | | 0.004 USD | | 40,000,000 | | 增加 / 減少 (-) | | | 0 | | USD | | 0 | | 本月底結存 | | 10,000,000,000 | USD | | 0.004 USD | | 40,000,000 | 本月底法定/註冊股本總額 ...

[Supplementary Announcement Overview](index=1&type=section&id=%E8%A1%A5%E5%85%85%E5%85%AC%E4%BD%88%E6%A6%82%E8%A7%88) This announcement provides additional details on the expected credit loss provision for trade receivables in the 2024 annual report, confirming other report contents remain unchanged [Purpose and Background of Announcement](index=1&type=section&id=%E5%85%AC%E4%BD%88%E7%9B%AE%E7%9A%84%E4%B8%8E%E8%83%8C%E6%99%AF) This announcement provides additional information on trade receivables' expected credit loss provision in the 2024 annual report, with other report contents remaining unchanged - The company issued a supplementary announcement providing additional information on the expected credit loss provision for trade receivables in its 2024 annual report[3](index=3&type=chunk) - Except as disclosed in this announcement, the contents of the annual report remain unchanged[6](index=6&type=chunk) [Analysis of Expected Credit Loss on Trade Receivables](index=1&type=section&id=%E8%B4%B8%E6%98%93%E5%BA%94%E6%94%B6%E8%B4%A6%E6%AC%BE%E9%A2%84%E6%9C%9F%E4%BF%A1%E8%B4%B7%E4%BA%8F%E6%8D%9F%E5%88%86%E6%9E%90) This section details the expected credit loss provision for trade receivables, including reasons, customer situations, collection efforts, and valuation methodology with comparative loss rates [Reasons for Provision and Customer Situation](index=1&type=section&id=%E6%8B%A8%E5%A4%87%E5%8E%9F%E5%9B%A0%E4%B8%8E%E5%AE%A2%E6%88%B7%E6%83%85%E5%86%B5) The expected credit loss provision for trade receivables primarily stems from eight film and entertainment customers with over two-year-old balances, facing severe financial distress and credit impairment - The provision primarily originates from eight customers in the film and entertainment investment segment, with outstanding balances over two years old[3](index=3&type=chunk) - Customers have been severely impacted by adverse business conditions due to economic downturns, facing increasingly severe financial difficulties since 2022, which continued to worsen in 2023 and 2024[3](index=3&type=chunk) - Management assessed that these customers have incurred credit impairment and recognized full lifetime expected credit losses for all amounts due from them[3](index=3&type=chunk) [Collection Measures and Legal Actions](index=1&type=section&id=%E8%BF%BD%E6%94%B6%E6%8E%AA%E6%96%BD%E4%B8%8E%E6%B3%95%E5%BE%8B%E8%A1%8C%E5%8A%A8) The Group has initiated various collection measures for trade receivables, including demand letters, repayment negotiations, and seeking legal advice for potential legal action - The Group has issued demand letters for outstanding trade receivable balances[3](index=3&type=chunk) - The Group is negotiating repayment plans with debtors and has sought legal advice, preparing to take legal action against these debtors if no positive progress is made on repayments[3](index=3&type=chunk) - The Group will continue to exert its best efforts to negotiate with relevant companies to recover outstanding balances[3](index=3&type=chunk) [Expected Credit Loss Rate and Valuation](index=1&type=section&id=%E9%A2%84%E6%9C%9F%E4%BF%A1%E8%B4%B7%E4%BA%8F%E6%8D%9F%E7%8E%87%E5%8F%8A%E4%BC%B0%E5%80%BC) An independent valuer assessed trade receivables' expected credit loss, showing a rise from 78.5% to 100% for over two-year overdue balances, driven by economic weakness and 2023 settlements, with consistent valuation methods - The company engaged an independent professional qualified valuer with multiple international professional certifications to assess the Group's expected credit loss on trade receivables[4](index=4&type=chunk)[5](index=5&type=chunk) Comparison of Expected Credit Loss Rates for Trade Receivables | Aging Period | December 31, 2024 | December 31, 2023 | | :--- | :--- | :--- | | Not overdue | 0% | 2.6% | | 0 to 90 days | Not applicable | Not applicable | | 91 to 180 days | Not applicable | 3.7% | | 181 days to 1 year | Not applicable | 21.5% | | 1 to 2 years | 75.1% | 69.3% | | Over 2 years | 100% | 78.5% | - The increase in expected credit loss provision for trade receivables is primarily due to the expected loss rate for trade receivables overdue by more than two years rising from **78.5% in 2023 to 100% in 2024**[5](index=5&type=chunk) - The increase in loss rate is mainly attributed to persistent economic weakness and uncertainty, along with higher settlement amounts received for the year ended December 31, 2023[5](index=5&type=chunk) - The same valuation methodology was applied for the years ended December 31, 2023, and 2024, with no subsequent changes as of the announcement date[5](index=5&type=chunk) [Other Disclosures](index=2&type=section&id=%E5%85%B6%E4%BB%96%E6%8A%AB%E9%9C%B2%E4%BF%A1%E6%81%AF) This section includes the Board's statement on the announcement's accuracy and compliance, along with details on its publication and the composition of the Board of Directors [Board Statement and Announcement Information](index=2&type=section&id=%E8%91%A3%E4%BA%8B%E4%BC%9A%E5%A3%B0%E6%98%8E%E4%B8%8E%E5%85%AC%E4%BD%88%E4%BF%A1%E6%81%AF) The Board confirms the announcement's accuracy and completeness, compliance with GEM Listing Rules, and its publication on the Stock Exchange and company website - The additional information in this announcement does not affect other information contained in the annual report, and except as disclosed herein, the contents of the annual report remain unchanged[6](index=6&type=chunk) - The Board confirms that the information contained in this announcement is accurate and complete in all material respects, free from misleading or fraudulent elements, and without omission of other matters[7](index=7&type=chunk) - This announcement is published in compliance with the GEM Listing Rules of The Stock Exchange of Hong Kong Limited and will be published on the HKEX website and the company's website for at least seven days[7](index=7&type=chunk) - The executive directors are Mr. Ruan Deqing (Chairman) and Ms. Wang Linlin; the independent non-executive directors are Ms. Zheng Xueli, Mr. Chen Yonghua, and Ms. Wipada Kunna[7](index=7&type=chunk)

Financial Performance - The company's revenue for the six months ended June 30, 2025, was RMB 17,707,000, a decrease of 1.34% compared to RMB 17,948,000 in the same period of 2024[6]. - Gross profit for the same period was RMB 11,428,000, down from RMB 11,715,000, reflecting a decline of 2.46%[6]. - The company reported a net loss before tax of RMB 10,344,000, compared to a loss of RMB 5,368,000 in the prior year, indicating an increase in losses of 92.73%[6]. - Total comprehensive loss for the period was RMB 29,660,000, significantly higher than RMB 7,832,000 in the previous year, representing an increase of 278.73%[9]. - Basic and diluted loss per share was RMB 10.44, compared to RMB 2.99 in the same period last year, marking an increase of 249.83%[9]. - The company reported a loss attributable to owners of the company of RMB 11,280,000 for the six months ended June 30, 2025, compared to a loss of RMB 5,160,000 in the same period last year[36]. - The company reported a significant foreign exchange loss of RMB 19,316,000 due to currency translation adjustments, compared to a loss of RMB 2,464,000 in the previous year[9]. - The company reported a pre-tax loss of RMB 10,344,000 for the six months ended June 30, 2025, compared to a pre-tax loss of RMB 5,368,000 in 2024, indicating a worsening of approximately 92%[29]. Assets and Liabilities - Non-current assets as of June 30, 2025, totaled RMB 13,393,000, slightly up from RMB 13,316,000 at the end of 2024[10]. - Current assets increased to RMB 449,960,000 from RMB 348,279,000, reflecting a growth of 29.1%[10]. - Current liabilities rose to RMB 460,896,000, up from RMB 328,808,000, indicating an increase of 40.0%[10]. - The company's equity attributable to owners decreased to RMB 2,248,000 from RMB 32,844,000, a decline of 93.14%[13]. - Trade receivables as of June 30, 2025, amounted to RMB 95,223,000, with an expected credit loss provision of RMB 82,449,000, resulting in a net trade receivable of RMB 12,774,000[37]. - Trade payables as of June 30, 2025, totaled RMB 42,460,000, significantly increasing from RMB 20,835,000 as of December 31, 2024[39]. - Other payables increased to RMB 403,877,000 as of June 30, 2025, compared to RMB 269,089,000 as of December 31, 2024[39]. Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2025, was RMB 50,700,000, a significant increase from RMB 5,914,000 in the same period of 2024, representing an increase of approximately 759%[17]. - The net cash generated from investing activities for the same period was RMB 10,565,000, compared to RMB 1,026,000 in 2024, marking an increase of about 931%[17]. - The total net cash increase for the period was RMB 45,674,000, compared to RMB 7,583,000 in 2024, reflecting an increase of approximately 503%[17]. - The cash and cash equivalents at the end of the period were RMB 49,554,000, up from RMB 21,924,000 in 2024, representing an increase of approximately 126%[17]. - The company’s restricted cash and cash equivalents as of June 30, 2025, amounted to RMB 399,800,000, indicating a strong liquidity position[22]. - As of June 30, 2025, the group had cash and cash equivalents of approximately RMB 49,554,000, with a current ratio of about 0.98[54]. - Restricted cash increased by approximately 21.6% to about RMB 350,280,000 as of June 30, 2025, due to an increase in prepaid card sales[57]. Revenue Sources - The prepaid card revenue for the six months ended June 30, 2025, was RMB 17,707,000, compared to RMB 17,847,000 in 2024, showing a decrease of about 0.78%[26]. - There was no revenue generated from outdoor and digital advertising during the reporting period, primarily due to intense industry competition[45]. - The film and entertainment business reported no revenue for the six months ending June 30, 2025, primarily due to production delays and increased regulatory scrutiny in China[46]. - Prepaid card business revenue decreased by approximately RMB 140,000 or 0.8% to about RMB 17,707,000 for the six months ending June 30, 2025, compared to RMB 17,847,000 in the same period last year[48]. Expenses - Employee benefits expenses for the six months ended June 30, 2025, totaled RMB 7,372,000, an increase from RMB 6,594,000 in the same period last year[33]. - Sales costs increased slightly by approximately RMB 46,000 or 0.7% to about RMB 6,279,000 for the six months ending June 30, 2025, from RMB 6,233,000 in the previous year[49]. - Other income decreased by approximately RMB 597,000 or 13.1% to about RMB 3,976,000 for the six months ending June 30, 2025, mainly due to lower bank deposit interest rates[50]. - Selling and distribution expenses decreased significantly by approximately RMB 1,330,000 or 67.5% to about RMB 640,000 for the six months ending June 30, 2025, due to reduced advertising and marketing expenditures[52]. - Administrative expenses increased by approximately RMB 5,615,000 for the six months ending June 30, 2025, primarily due to the expansion of the prepaid card business and an increase in employee numbers[53]. - Financial costs for the six months ended June 30, 2025, were RMB 647,000, a decrease from RMB 708,000 in 2024, representing a reduction of about 8.6%[31]. - The company experienced a net loss of RMB 6,676,000 from other income and losses for the six months ended June 30, 2025, compared to a loss of RMB 6,808,000 in 2024, indicating a slight improvement of approximately 1.93%[30]. Shareholder Information - The company did not recommend any dividend for the six months ended June 30, 2025, consistent with the previous year[35]. - As of June 30, 2025, Mr. Ruan Deqing holds 3,600,125 shares, representing approximately 3.33% of the company's ordinary shares[68]. - The total issued share capital of Li Zhong Limited, under which the shares are registered, is 48.73% owned by Xie Wang Limited, which is fully owned by Mr. Ruan Deqing[68]. - The company completed a placement of 21,600,000 ordinary shares at a price of HKD 0.70 per share on July 14, 2025, raising approximately HKD 14,800,000[74]. - The company has adopted a share option scheme allowing for the issuance of shares up to 10% of the issued share capital as of June 30, 2021[78]. - The maximum number of shares that can be issued under the share option scheme in any twelve-month period is limited to 1% of the company's issued share capital[80]. - Mr. Lin Pintong and Mr. Ruan Deqing are both considered to have interests in the shares held by Li Zhong Limited due to their ownership of the controlling entities[76]. - The shareholding structure indicates that multiple parties, including spouses of directors, hold interests in the same number of shares, reflecting a concentrated ownership[71]. Governance and Compliance - The audit committee was established on December 17, 2010, and is responsible for reviewing financial statements and risk management systems[83]. - The audit committee consists of three members, all of whom are independent non-executive directors, as of June 30, 2025[83]. - The audit committee reviewed the unaudited consolidated performance for the six months ending June 30, 2025, and found it to be in compliance with applicable accounting standards[85]. - The company has confirmed compliance with the securities trading code of conduct as of June 30, 2025[73]. - No other significant post-period events occurred after June 30, 2025, aside from the share placement[75]. - The company has no other disclosures regarding interests or positions held by directors or senior management in the company's shares as of June 30, 2025[72]. - No stock options were granted, exercised, or carried forward under the company's stock option plan for the period ending June 30, 2025[82]. - The stock option plan is effective for a period of 10 years starting from June 30, 2021[82].

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 FF301 致：香港交易及結算所有限公司 公司名稱: 中國三三傳媒集團有限公司 (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) | 08087 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 USD | | 0.004 | USD | | 40,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | | 10,000,000,000 USD | | 0.004 | USD | | 40,000,0 ...

Group 1 - The company reported a revenue of 17.707 million, representing a year-on-year decrease of 1.34% [1] - The loss attributable to the owners of the company was 11.28 million, which is an increase of 118.6% compared to the previous year [1] - The loss per share was 10.44 cents [1]

Group 1 - The company reported a revenue of 17.707 million, representing a year-on-year decrease of 1.34% [1] - The loss attributable to the owners of the company was 11.28 million, which is an increase of 118.6% compared to the previous year [1] - The loss per share was 10.44 cents [1]

[Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) This statement presents the group's financial performance, showing a net loss and total comprehensive expense for the period | Indicator | H1 2025 (thousand RMB) | H1 2024 (thousand RMB) | | :--- | :--- | :--- | | Revenue | 17,707 | 17,948 | | Cost of sales | (6,279) | (6,233) | | Gross profit | 11,428 | 11,715 | | Other income | 3,976 | 4,573 | | Net other gains and losses | (6,676) | (6,808) | | Selling and distribution expenses | (640) | (1,970) | | Administrative expenses | (17,785) | (12,170) | | Finance costs | (647) | (708) | | Loss before tax | (10,344) | (5,368) | | Loss for the period | (10,344) | (5,368) | | Total comprehensive expense for the period | (29,660) | (7,832) | | Loss for the period attributable to owners of the Company | (11,280) | (5,160) | | Basic and diluted loss per share (RMB cents) | (10.44) | (2.99) | [Condensed Consolidated Statement of Financial Position](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) This statement provides a snapshot of the group's assets, liabilities, and equity at the end of the reporting period | Indicator | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Non-current assets | 13,393 | 13,316 | | Current assets | 449,960 | 348,279 | | Current liabilities | 460,896 | 328,808 | | Net current (liabilities) / assets | (10,936) | 19,471 | | Total assets less current liabilities | 2,457 | 32,787 | | Non-current liabilities | 1,747 | 2,417 | | Net assets | 710 | 30,370 | | Total equity | 710 | 30,370 | [Condensed Consolidated Statement of Changes in Equity](index=9&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) This statement details the changes in the group's equity attributable to owners over the reporting period | Indicator | June 30, 2025 (thousand RMB) | January 1, 2024 (thousand RMB) | | :--- | :--- | :--- | | Total equity at beginning of period | 30,370 | 34,392 | | Total comprehensive (expense) / income for the period | (29,660) | (7,832) | | Total equity at end of period | 710 | 26,560 | [Condensed Consolidated Statement of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) This statement summarizes the cash inflows and outflows from operating, investing, and financing activities | Indicator | H1 2025 (thousand RMB) | H1 2024 (thousand RMB) | | :--- | :--- | :--- | | Net cash from operating activities | 50,700 | 5,914 | | Net cash from investing activities | 10,565 | 1,026 | | Net cash (used in) / from financing activities | (15,591) | 643 | | Net increase in cash and cash equivalents | 45,674 | 7,583 | | Cash and cash equivalents at beginning of period | 23,195 | 16,805 | | Effect of exchange rate changes, net | (19,315) | (2,464) | | Cash and cash equivalents at end of period | 49,554 | 21,924 | [Notes to the Condensed Consolidated Interim Financial Statements](index=11&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Statements) This section provides detailed explanations and disclosures supporting the condensed consolidated interim financial statements [1. Company Information](index=11&type=section&id=1.%20Company%20Information) The company is a public limited company incorporated in the Cayman Islands and listed on the Hong Kong Stock Exchange - The company is incorporated in the Cayman Islands, with shares listed on the Hong Kong Stock Exchange[23](index=23&type=chunk) - The Group's principal activities include investment holding, outdoor and digital advertising services, and prepaid card business[24](index=24&type=chunk) [2. Basis of Preparation and Accounting Policies](index=11&type=section&id=2.%20Basis%20of%20Preparation%20and%20Accounting%20Policies) The financial statements are prepared under IFRS and GEM Listing Rules, using historical cost basis and presented in RMB - The financial statements are prepared in accordance with International Financial Reporting Standards and the GEM Listing Rules[25](index=25&type=chunk) - They are prepared on a historical cost basis and presented in RMB[25](index=25&type=chunk) - Accounting policies are consistent with the audited consolidated financial statements for the year ended December 31, 2024[25](index=25&type=chunk) [Going Concern Basis](index=11&type=section&id=Going%20Concern%20Basis) Despite current liabilities exceeding current assets, the directors deem the group a going concern due to sufficient working capital - As of June 30, 2025, current liabilities exceeded current assets by **RMB 10.9 million**[26](index=26&type=chunk) - Restricted cash and cash equivalents amounted to **RMB 399.8 million** as of June 30, 2025[26](index=26&type=chunk) - On July 14, 2025, a successful placement of 21,600,000 shares generated net proceeds of **HKD 14.8 million**[26](index=26&type=chunk) - The directors consider the Group to have sufficient working capital, making the preparation of financial statements on a going concern basis appropriate[26](index=26&type=chunk) [3. Application of New and Revised International Financial Reporting Standards](index=12&type=section&id=3.%20Application%20of%20New%20and%20Revised%20International%20Financial%20Reporting%20Standards) The group adopted new IFRS effective January 1, 2025, with no significant impact on financial results or position - New and revised International Financial Reporting Standards effective on or after January 1, 2025, have been adopted during this period[29](index=29&type=chunk) - The application of new standards has not resulted in significant changes to accounting policies or reported amounts[29](index=29&type=chunk) - Directors anticipate no significant impact from the future application of new standards[29](index=29&type=chunk) [4. Revenue and Segment Information](index=12&type=section&id=4.%20Revenue%20and%20Segment%20Information) Revenue primarily derives from prepaid card business, with outdoor and digital advertising and film investment generating no revenue | Revenue Source | H1 2025 (thousand RMB) | H1 2024 (thousand RMB) | | :--- | :--- | :--- | | Outdoor and digital advertising revenue | – | 101 | | Film and entertainment investment revenue | – | – | | Prepaid card revenue | 17,707 | 17,847 | | Total | 17,707 | 17,948 | | Operating Segment | H1 2025 Segment Profit (thousand RMB) | H1 2024 Segment (Loss) / Profit (thousand RMB) | | :--- | :--- | :--- | | Outdoor and digital advertising | – | (157) | | Film and entertainment investment | – | – | | Prepaid card | 3,241 | 6,787 | [5. Net Other Gains and Losses](index=14&type=section&id=5.%20Net%20Other%20Gains%20and%20Losses) Net other gains and losses resulted in a loss of RMB 6,676 thousand, mainly from financial asset disposals and fair value changes | Item | H1 2025 (thousand RMB) | H1 2024 (thousand RMB) | | :--- | :--- | :--- | | Fair value changes of financial assets at fair value through profit or loss | (2,107) | (6,808) | | Loss on disposal of financial assets | (5,757) | – | | Others | 1,188 | – | | Total | (6,676) | (6,808) | [6. Finance Costs](index=15&type=section&id=6.%20Finance%20Costs) Total finance costs were RMB 647 thousand, primarily comprising interest expenses on corporate bonds and lease liabilities | Item | H1 2025 (thousand RMB) | H1 2024 (thousand RMB) | | :--- | :--- | :--- | | Interest expense on lease liabilities | 183 | 42 | | Interest expense on corporate bonds | 457 | 666 | | Interest expense on other borrowings | 7 | – | | Total | 647 | 708 | [7. Taxation](index=15&type=section&id=7.%20Taxation) No Hong Kong profits tax provision was made due to no taxable profits, while Chinese subsidiaries face a 25% corporate income tax rate - No Hong Kong profits tax provision was made as the Group had no assessable profits in Hong Kong[36](index=36&type=chunk) - Hong Kong profits tax operates under a two-tiered system: **8.25%** for the first **HKD 2 million** of assessable profits and **16.5%** for profits exceeding this amount[36](index=36&type=chunk) - The corporate income tax rate for Chinese subsidiaries is **25%**[36](index=36&type=chunk) [8. Loss for the Period](index=15&type=section&id=8.%20Loss%20for%20the%20Period) The loss for the period is stated after deducting items such as depreciation, right-of-use asset depreciation, and increased employee benefits | Item | H1 2025 (thousand RMB) | H1 2024 (thousand RMB) | | :--- | :--- | :--- | | Depreciation | 827 | 342 | | Depreciation of right-of-use assets | 545 | 346 | | Total employee benefits expense | 7,372 | 6,594 | [9. Dividends](index=16&type=section&id=9.%20Dividends) The Board of Directors does not recommend the payment of any dividend for the six months ended June 30, 2025 - The directors do not recommend the payment of any dividend for the six months ended June 30, 2025[39](index=39&type=chunk) [10. Loss Per Share](index=16&type=section&id=10.%20Loss%20Per%20Share) Basic and diluted loss per share for the six months ended June 30, 2025, was RMB 10.44 cents, an increase from the prior period | Indicator | H1 2025 | | :--- | :--- | | Loss for the purpose of calculating basic and diluted loss per share (thousand RMB) | (11,280) | | Weighted average number of ordinary shares for calculating basic and diluted loss per share (thousand shares) | 108,000 | | Basic and diluted loss per share (RMB cents) | (10.44) | | Indicator | H1 2024 | | :--- | :--- | | Loss for the purpose of calculating basic and diluted loss per share (thousand RMB) | (5,160) | | Weighted average number of ordinary shares for calculating basic and diluted loss per share (thousand shares) | 172,800 | | Basic and diluted loss per share (RMB cents) | (2.99) | [11. Trade Receivables](index=17&type=section&id=11.%20Trade%20Receivables) Net trade receivables increased to RMB 12,774 thousand as of June 30, 2025, with most balances due within 90 days | Indicator | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Trade receivables | 95,223 | 91,571 | | Less: Provision for expected credit losses | (82,449) | (79,780) | | Net | 12,774 | 11,791 | | Ageing | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Within 90 days | 9,155 | 7,592 | | After 1 year | 3,619 | 4,199 | | Total | 12,774 | 11,791 | - The Group generally grants credit periods ranging from **30 to 365 days** to its customers and maintains strict monitoring[41](index=41&type=chunk) [12. Trade Payables / Other Payables and Accruals](index=18&type=section&id=12.%20Trade%20Payables%20%2F%20Other%20Payables%20and%20Accruals) Trade payables increased to RMB 42,460 thousand, and other payables significantly rose to RMB 413,710 thousand, mainly due to prepaid card holder funds | Trade Payables Ageing | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Within 90 days | 41,524 | 17,632 | | 91 to 180 days | – | 66 | | After 181 days | 936 | 3,137 | | Total | 42,460 | 20,835 | | Other Payables and Accruals | June 30, 2025 (thousand RMB) | December 31, 2024 (thousand RMB) | | :--- | :--- | :--- | | Other payables | 403,877 | 269,089 | | Accrued salaries and staff benefits | 251 | 89 | | Other accruals | 9,582 | 17,046 | | Other tax payables | – | 1,738 | | Total | 413,710 | 287,962 | - Approximately **RMB 318,456 thousand** of other payables primarily represents restricted cash held on behalf of prepaid card holders in regulated activities[43](index=43&type=chunk) [13. Share Capital](index=19&type=section&id=13.%20Share%20Capital) Issued and fully paid share capital as of June 30, 2025, was 108,000,000 shares, valued at RMB 1,115 thousand, increasing due to a rights issue | Share Capital Movement | Number of Shares | Share Capital (thousand RMB) | | :--- | :--- | :--- | | At January 1, 2024 | 172,800,000 | 1,115 | | Share consolidation | (129,600,000) | – | | At December 31, 2024 and January 1, 2025 | 43,200,000 | 1,115 | | Rights issue | 64,800,000 | – | | At June 30, 2025 | 108,000,000 | 1,115 | [14. Related Party Transactions](index=19&type=section&id=14.%20Related%20Party%20Transactions) Key management personnel compensation increased for the six months ended June 30, 2025 | Item | H1 2025 (thousand RMB) | H1 2024 (thousand RMB) | | :--- | :--- | :--- | | Short-term employee benefits | 853 | 596 | | Post-employment benefits | 10 | 16 | | Total | 863 | 612 | [Management Discussion and Analysis and Other Information](index=20&type=section&id=Management%20Discussion%20and%20Analysis%20and%20Other%20Information) This section provides an overview of the group's operational and financial performance, liquidity, and future outlook [Business and Financial Review](index=20&type=section&id=Business%20and%20Financial%20Review) Total revenue slightly decreased by 1.3% to RMB 17,707 thousand, primarily from prepaid card business, with total comprehensive expense significantly increasing - Total revenue was approximately **RMB 17,707 thousand**, a decrease of approximately **1.3%** compared to the same period last year[47](index=47&type=chunk) - Revenue during this period primarily originated from the prepaid card business, with no revenue generated from outdoor and digital advertising or film and entertainment investment businesses[47](index=47&type=chunk) - Total gross profit was approximately **RMB 11,428 thousand**, a decrease of approximately **2.4%** from the prior period, with a gross profit margin of **64.5%** (H1 2024: 65.3%)[47](index=47&type=chunk) - Total comprehensive expense attributable to owners of the Company was approximately **RMB 30,596 thousand**, an increase of approximately **RMB 22,972 thousand** from the prior period, mainly due to exchange differences from converting overseas operations[47](index=47&type=chunk) [Outdoor and Digital Advertising](index=20&type=section&id=Outdoor%20and%20Digital%20Advertising) No revenue was generated from outdoor and digital advertising due to intense industry competition and reduced client numbers - No revenue was generated from outdoor and digital advertising for the six months ended June 30, 2025[49](index=49&type=chunk) - The decrease in revenue was primarily due to intense industry competition, leading to a reduction in the number of clients[49](index=49&type=chunk) [Film and Entertainment Investment](index=20&type=section&id=Film%20and%20Entertainment%20Investment) No revenue was generated from film and entertainment investment due to production disruptions, delayed releases, and tightened regulations - No revenue was generated from the film and entertainment business for the six months ended June 30, 2025[50](index=50&type=chunk) - The decline in business was mainly attributed to disruptions in film/TV series production schedules, delayed releases, tightened tax measures in China, and increased government censorship and regulation[50](index=50&type=chunk) - The Group has suspended further investment in this business segment[50](index=50&type=chunk) [Prepaid Card Business](index=21&type=section&id=Prepaid%20Card%20Business) Prepaid card business revenue slightly decreased by 0.8% to RMB 17,707 thousand, remaining the group's primary income source - Revenue from the prepaid card business decreased by approximately **0.8%** to approximately **RMB 17,707 thousand** for the six months ended June 30, 2025, from approximately RMB 17,847 thousand in the prior period[52](index=52&type=chunk) - The Group obtained a Stored Value Facilities (SVF) license in November 2016[52](index=52&type=chunk) [Cost of Sales](index=21&type=section&id=Cost%20of%20Sales) Cost of sales slightly increased by 0.7% to RMB 6,279 thousand, primarily due to prepaid card transaction processing costs - Cost of sales slightly increased by approximately **0.7%** to approximately **RMB 6,279 thousand** for the six months ended June 30, 2025, from approximately RMB 6,233 thousand in the prior period[53](index=53&type=chunk) - Cost of sales primarily includes production costs for film and entertainment projects, advertising media agency fees, prepaid card transaction processing costs, and direct labor costs[53](index=53&type=chunk) [Other Income](index=21&type=section&id=Other%20Income) Other income decreased by 13.1% to RMB 3,976 thousand, mainly attributable to lower bank deposit interest rates - Other income decreased by approximately **13.1%** to approximately **RMB 3,976 thousand** for the six months ended June 30, 2025, from approximately RMB 4,573 thousand in the prior period[54](index=54&type=chunk) - The decrease in other income was mainly due to lower bank deposit interest rates during the period ended June 30, 2025[54](index=54&type=chunk) [Net Other Gains and Losses (MD&A)](index=21&type=section&id=Net%20Other%20Gains%20and%20Losses%20(MD%26A)) Net other gains and losses decreased by 1.9% to a loss of RMB 6,676 thousand, primarily from financial asset disposals and fair value losses - Net other gains and losses decreased by approximately **1.9%** to a net loss of approximately **RMB 6,676 thousand** for the six months ended June 30, 2025, from a net loss of approximately RMB 6,808 thousand in the prior period[55](index=55&type=chunk) - Net other gains and losses primarily include losses on disposal of financial assets and fair value losses from financial assets at fair value through profit or loss recognized for the six months ended June 30, 2025[55](index=55&type=chunk) [Selling and Distribution Expenses](index=21&type=section&id=Selling%20and%20Distribution%20Expenses) Selling and distribution expenses significantly decreased by 67.5% to RMB 640 thousand, mainly due to reduced advertising and marketing costs - Selling and distribution expenses decreased by approximately **67.5%** to approximately **RMB 640 thousand** for the six months ended June 30, 2025, from approximately RMB 1,970 thousand in the prior period[56](index=56&type=chunk) - The decrease was mainly due to lower advertising and marketing expenses incurred for the six months ended June 30, 2025[56](index=56&type=chunk) [Administrative Expenses](index=21&type=section&id=Administrative%20Expenses) Administrative expenses increased by RMB 5,615 thousand, primarily due to the expanded scale of prepaid card operations and increased headcount - Administrative expenses increased by approximately **RMB 5,615 thousand** for the six months ended June 30, 2025[57](index=57&type=chunk) - The increase was mainly due to the expanded scale of prepaid card business operations, particularly the increase in staff headcount for the six months ended June 30, 2025[57](index=57&type=chunk) [Liquidity and Financial Resources](index=21&type=section&id=Liquidity%20and%20Financial%20Resources) As of June 30, 2025, the group's cash and cash equivalents were RMB 49,554 thousand, with a current ratio of 0.98 and a debt-to-asset ratio of 0.96 - As of June 30, 2025, the Group's cash and cash equivalents were approximately **RMB 49,554 thousand**[58](index=58&type=chunk) - As of June 30, 2025, the Group's current ratio was approximately **0.98** (December 31, 2024: 1.06)[58](index=58&type=chunk) - As of June 30, 2025, the Group's debt-to-asset ratio was approximately **0.96** (December 31, 2024: 0.34)[58](index=58&type=chunk) - As of June 30, 2025, the Group had repaid its outstanding bonds[58](index=58&type=chunk) [Pledge of Assets](index=22&type=section&id=Pledge%20of%20Assets) As of June 30, 2025, the group had no assets pledged to secure any loans granted to it - As of June 30, 2025, the Group had no assets pledged to secure any loans granted to it[60](index=60&type=chunk) [Restricted Cash](index=22&type=section&id=Restricted%20Cash) Restricted cash increased by 21.6% to RMB 350,280 thousand, primarily due to increased prepaid card sales and top-ups - As of June 30, 2025, the Group's restricted cash from prepaid card sales and top-ups was approximately **RMB 350,280 thousand** (December 31, 2024: RMB 288,078 thousand)[61](index=61&type=chunk) - Restricted cash increased by approximately **21.6%** compared to the prior period, mainly due to an increase in the value of prepaid cards sold[61](index=61&type=chunk) [Contingent Liabilities](index=22&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the group had no significant contingent liabilities - As of June 30, 2025, the Group had no significant contingent liabilities[62](index=62&type=chunk) [Capital Commitments](index=22&type=section&id=Capital%20Commitments) As of June 30, 2025, the group had no significant capital commitments - As of June 30, 2025, the Group had no significant capital commitments[63](index=63&type=chunk) [Foreign Exchange Risk](index=22&type=section&id=Foreign%20Exchange%20Risk) Operating primarily in China and Hong Kong, the group's transactions are settled in RMB and HKD, with no significant foreign exchange risk - The Group primarily operates in China and Hong Kong, with most transactions settled in RMB and HKD[64](index=64&type=chunk) - The directors believe the Group's foreign exchange risk is not significant[64](index=64&type=chunk) - The Group did not engage in any hedging activities for foreign exchange risk for the six months ended June 30, 2025[64](index=64&type=chunk) [Human Resources](index=22&type=section&id=Human%20Resources) The group employed 30 staff as of June 30, 2025, with total staff costs increasing during the period - As of June 30, 2025, the Group employed a total of **30 staff** in China and Hong Kong (June 30, 2024: 34 staff)[65](index=65&type=chunk) - Total staff costs (including directors' emoluments) for the six months ended June 30, 2025, were approximately **RMB 7,372 thousand** (six months ended June 30, 2024: RMB 6,594 thousand)[65](index=65&type=chunk) [Outlook](index=22&type=section&id=Outlook) The group plans to expand its payment and prepaid card businesses, seek other financial licenses, and explore cryptocurrency opportunities - The Group will continue to actively expand its payment license and prepaid card business, while also striving to obtain other financial business licenses[66](index=66&type=chunk) - The implementation of Hong Kong's stablecoin regulations (effective August 1, 2025) is considered a strategic opportunity to enter the cryptocurrency sector[66](index=66&type=chunk) - In the coming year, the Group will strengthen cost control and implement appropriate measures to drive business development[66](index=66&type=chunk) [Corporate Governance](index=22&type=section&id=Corporate%20Governance) The company is committed to maintaining high corporate governance standards and complied with the GEM Listing Rules during the period - The Company is committed to maintaining a high level of corporate governance to serve the interests of its shareholders[67](index=67&type=chunk) - To the best of the Board's knowledge, the Company has complied with the Corporate Governance Code for the six months ended June 30, 2025[67](index=67&type=chunk) [Dividends (MD&A)](index=23&type=section&id=Dividends%20(MD%26A)) The Board of Directors does not recommend the payment of any interim dividend for the six months ended June 30, 2025 - The directors do not recommend the payment of any interim dividend for the six months ended June 30, 2025[68](index=68&type=chunk) [Directors' Interests in Competing Business](index=23&type=section&id=Directors'%20Interests%20in%20Competing%20Business) No directors, controlling shareholders, or their associates held interests in businesses competing with the group during the period - For the six months ended June 30, 2025, none of the directors, controlling shareholders of the Company, or their respective associates had any interests in businesses that compete or are likely to compete with the Group's business[69](index=69&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's%20Listed%20Securities) Neither the company nor its subsidiaries purchased, sold, or redeemed any of its listed securities during the six months ended June 30, 2025 - 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[70](index=70&type=chunk) [Material Investments, Material Acquisitions or Disposals and Future Plans for Material Investments or Capital Assets](index=23&type=section&id=Material%20Investments%2C%20Material%20Acquisitions%20or%20Disposals%20and%20Future%20Plans%20for%20Material%20Investments%20or%20Capital%20Assets) The group had no material investments, acquisitions, or disposals, nor specific future plans for material investments or capital assets - For the six months ended June 30, 2025, the Group had no material investments, material acquisitions, or disposals of subsidiaries, associates, and joint ventures[71](index=71&type=chunk) - As of June 30, 2025, the Group had no specific future plans for material investments or capital assets[71](index=71&type=chunk) [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures of the Company or its Associated Corporations](index=23&type=section&id=Directors'%20and%20Chief%20Executive's%20Interests%20and%20Short%20Positions%20in%20Shares%2C%20Underlying%20Shares%20and%20Debentures%20of%20the%20Company%20or%20its%20Associated%20Corporations) As of June 30, 2025, Executive Director Mr. Ruan Deqing held a 3.33% long position in the company's shares through a controlled corporation | Director's Name | Nature of Interest | Number of Shares Held | Approximate Percentage of Shareholding (%) | | :--- | :--- | :--- | :--- | | Mr. Ruan Deqing | Interest in controlled corporation | 3,600,125 | 3.33 | - Mr. Ruan Deqing holds shares through Power Elite Limited, which is **48.73%** owned by Harmony Elite Limited, with all issued share capital of Harmony Elite Limited owned by Mr. Ruan Deqing[72](index=72&type=chunk) [Substantial Shareholders' and Other Persons' Interests and Short Positions in Shares and Underlying Shares of the Company](index=24&type=section&id=Substantial%20Shareholders'%20and%20Other%20Persons'%20Interests%20and%20Short%20Positions%20in%20Shares%20and%20Underlying%20Shares%20of%20the%20Company) As of June 30, 2025, several key individuals and entities each held a 3.33% long position in the company's shares | Shareholder Name / Name | Nature of Interest | Number of Shares Held | Approximate Percentage of Shareholding (%) | | :--- | :--- | :--- | :--- | | Mr. Lam Pun Tung | Interest in controlled corporation | 3,600,125 | 3.33 | | Power Elite | Beneficial owner | 3,600,125 | 3.33 | | Bright Capital | Interest in controlled corporation | 3,600,125 | 3.33 | | Ms. Poon Hiu Ying | Spouse's interest | 3,600,125 | 3.33 | | Harmony Elite | Interest in controlled corporation | 3,600,125 | 3.33 | | Ms. Liu Si Bin | Spouse's interest | 3,600,125 | 3.33 | - Mr. Lam Pun Tung, Mr. Ruan Deqing, Bright Capital, and Harmony Elite are deemed to have an interest in all shares held by Power Elite[80](index=80&type=chunk) - Ms. Poon Hiu Ying, spouse of Mr. Lam Pun Tung, and Ms. Liu Si Bin, spouse of Mr. Ruan Deqing, are both deemed to have an interest in the relevant shares[80](index=80&type=chunk) [Standard of Conduct Regarding Securities Transactions by Directors](index=25&type=section&id=Standard%20of%20Conduct%20Regarding%20Securities%20Transactions%20by%20Directors) The company adopted a code of conduct for directors' securities transactions, which all directors confirmed compliance with during the period - The Company has adopted a code of conduct for directors' securities transactions, with terms no less exacting than the required standard set out in Rules 5.48 to 5.67 of the GEM Listing Rules[77](index=77&type=chunk) - Following specific inquiries with all directors, all directors confirmed their compliance with the code of conduct and the required standard for directors' securities transactions for the six months ended June 30, 2025[77](index=77&type=chunk) [Events After the Reporting Period](index=25&type=section&id=Events%20After%20the%20Reporting%20Period) On July 14, 2025, the group completed a placement of 21,600,000 ordinary shares, raising approximately HKD 14.8 million net proceeds - On July 14, 2025, the Group completed the placement of a total of **21,600,000** ordinary shares of **USD 0.004** each at a price of **HKD 0.70** per ordinary share to no less than six placees through a placing agent[78](index=78&type=chunk) - The net proceeds from the placing of shares amounted to approximately **HKD 14.8 million**[78](index=78&type=chunk) [Share Option Scheme](index=26&type=section&id=Share%20Option%20Scheme) The company adopted a share option scheme on June 30, 2021, to incentivize participants, with no options granted or exercised this period - The Company adopted a share option scheme pursuant to an ordinary resolution passed by shareholders at the annual general meeting held on June 30, 2021[82](index=82&type=chunk) - Participants in the share option scheme include employees (including directors) of the Group, suppliers of goods or services, customers, substantial shareholders, consultants or advisors, and joint venture partners[82](index=82&type=chunk) - The share option scheme has a general scheme limit (10% of issued shares) and an individual limit (1% of issued share capital in any twelve-month period)[83](index=83&type=chunk)[84](index=84&type=chunk) - The exercise price of the shares will be determined by the directors, but shall not be less than the highest of (i) the closing price of the shares as stated in the daily quotation sheet of the Stock Exchange on the date of the offer of the share option; (ii) the average closing price of the shares as stated in the daily quotation sheet of the Stock Exchange for the five business days immediately preceding the date of the offer of the share option; and (iii) the nominal value of a share[85](index=85&type=chunk) - For the period ended June 30, 2025, no share options were carried forward, granted, or exercised under the Company's share option scheme, and there were no outstanding share options[86](index=86&type=chunk) [Audit Committee](index=27&type=section&id=Audit%20Committee) The Audit Committee, established on December 17, 2010, reviewed the interim results and confirmed compliance with accounting standards - The Company established an Audit Committee on December 17, 2010, with written terms of reference in compliance with the GEM Listing Rules and the Corporate Governance Code[87](index=87&type=chunk) - As of June 30, 2025, the Audit Committee comprised three members: Ms. Cheng Suet Lai (Chairperson), Mr. Chan Wing Wah, and Ms. Wipada Kunna, all of whom are independent non-executive directors[87](index=87&type=chunk) - The Audit Committee has reviewed the unaudited consolidated results and report of the Group for the six months ended June 30, 2025, and is of the opinion that they were prepared in accordance with applicable accounting standards and the GEM Listing Rules, with adequate disclosures made[89](index=89&type=chunk)

中國三三傳媒集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）之董事 （「董事」）會（「董事會」）謹此宣佈將於二零二五年八月二十九日（星期五）舉行董 事會會議，藉以（其中包括）考慮及批准本公司及其附屬公司截至二零二五年六月 三十日止六個月之未經審核綜合中期業績及其發佈該業績公告，並考慮建議派發 中期股息（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。 （於開曼群島註冊成立的有限公司） （股份代號：8087） 董事會會議通告 承董事會命 香港，二零二五年八月十八日 於本公佈日期，執行董事為阮德清先生（董事長）及王琳琳女士；及獨立非執行董 事為鄭雪莉女士、陳永華先生及Wipada Kunna女士。 本公佈的資料（董事願共同及個別承擔全部責任）乃遵照香港聯合交易所有限公 司GEM 證券上市規則而刊載，旨在提供有關本公司的資料。董事在作出一切合理 查詢後，確認就其深知及確信，本公佈所載資料在各重要方面均屬準確完備，並無 誤導或欺詐成分，亦無遺漏 ...

FF301 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: 中國三三傳媒集團有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年8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) | 08087 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 10,000,000,000 | USD | | 0.004 USD | | 40,000,000 | | 增加 / 減少 (-) | | | 0 | | USD | | 0 | | 本月底結存 | | 10,000,000,000 | USD | | 0.004 USD | | 40,000,000 | 本月底法定/註冊股本總額： USD 40,000,000 第 1 頁 共 10 頁 v 1.1.1 股份發 ...

Core Viewpoint - The implementation of the Hong Kong Stablecoin Regulation on August 1 has led to a surge in digital currency concept stocks, with many experiencing significant price increases, although the underlying business support remains insufficient [1][6]. Group 1: Market Reaction - The capital market has reacted swiftly to the upcoming stablecoin regulation, with digital currency concept stocks collectively soaring [1]. - Companies like China San San Media and Jiamu Technology have seen year-to-date increases exceeding 1000% [1]. - In the A-share market, stocks such as Dongxin Peace and Sifang Jingchuang have also surged based on announcements related to stablecoin business collaborations [1][6]. Group 2: Notable Stock Performances - Guotai Junan International's stock rose by 198% on June 25 after receiving approval for virtual asset trading services, marking the largest single-day gain in the Hong Kong fintech sector [4]. - China San San Media's stock skyrocketed by 72.73% following its announcement to apply for a stablecoin license, with a year-to-date increase of 1839% [5]. - Jiamu Technology's stock increased by 22% after announcing plans to enter the stablecoin sector, with a total year-to-date rise of 1612% [5]. Group 3: Industry Sentiment and Concerns - The Hong Kong Monetary Authority has indicated that only a few stablecoin licenses will be granted initially, leading to potential disappointment among companies [11]. - Many companies are currently in the early stages of stablecoin-related business development, with little to no actual revenue generated from these initiatives [10][11]. - There is a growing concern about the speculative nature of the market, with some companies clarifying that their involvement in stablecoins does not significantly contribute to their revenues [10][12]. Group 4: Shareholder Actions - Several shareholders of concept stocks are taking advantage of the price increases to reduce their holdings, indicating a cautious approach amidst the market hype [12][13].