| 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) | 08126 | 說明 | | | | | | | | | | 多櫃檯證券代號 | | 說明 | | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | | 0.1 HKD | | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | | 本月底結存 | | | 2,000,000,000 | HKD | | | 0.1 HKD | | | 200,000,000 | 本月底法定/註冊股本總額： HKD 200,000,000 致：香港交易及結算所有限公司 公司名稱: G.A. 控股有限公司 呈交日期: 2025年12月4日 I. ...

公司名稱: G.A. 控股有限公司 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 | | | 致：香港交易及結算所有限公司 呈交日期: 2025年10月31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) | 08126 | 說明 | | | | | | | | | 多櫃檯證券代號 | | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000 ...

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 | 致：香港交易及結算所有限公司 公司名稱: G.A. 控股有限公司 呈交日期: 2025年9月30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) | 08126 | 說明 | | | | | | | | | 多櫃檯證券代號 | | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,0 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或 完整性亦不 發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等 內容而引致之任何損失 承擔任何責任。 (於開曼群島註冊成立之有限公司 並以 German Automobiles International Limited 之名稱於香港經營業務) (股份代號 : 8126) 復牌進展更新及 繼續暫停買賣 G.A. Holdings Limited（「本公司」，連同其附屬公司統稱「本集團」）謹此參閱：(a) 本公司分別於 2025 年 3 月 5 日及 2025 年 3 月 31 日刊發有關本公司證券於香港聯合交易所有限公司（「聯交所」） 停牌等事宜之公告（統稱「停牌公告」）；及 (b) 本公司於 2025 年 6 月 30 日及 2025 年 7 月 3 日刊發 有關履行復牌指引進度之公告（統稱「復牌進度公告」）。除非另有界定，本公告所用詞彙與停牌 公告及復牌進度公告所界定者具有相同涵義。 復牌進展更新 業務營運 茲提述本公司日期為 2025 年 2 月 25 日之公告以及復牌進度公告所載之業務最新情況 ...

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 | | | 致：香港交易及結算所有限公司 公司名稱: G.A. 控股有限公司 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) | 08126 | 說明 | | | | | | | | | | 多櫃檯證券代號 | | 說明 | | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | | 0.1 HKD | | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | | 本月底結存 | | | 2,000,000,000 | HKD | | | 0.1 ...

延遲刊發截至二零二五年六月三十日止六個月之中期業績及寄發二零二五年中期報告 由於二零二四年年度業績之編製及刊發仍待定，本公司未能按照 GEM 上市規則第 18.53 條及第 18.78 條之規定，在規定時間內刊發截至二零二五年六月三十日止六個月之中期業績公告及向股東寄發同 期間之中期報告。 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或 完整性亦不 發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等 內容而引致之任何損失 承擔任何責任。 (於開曼群島註冊成立之有限公司 並以 German Automobiles International Limited 之名稱於香港經營業務) (股份代號 : 8126) 延遲刊發截至二零二五年六月三十日止 六個月之中期業績及 寄發二零二五年中期報告 並 繼續暫停買賣 本公告乃 G.A. Holdings Limited（「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》（「證券及期貨條例 ...

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 FF301 第 1 頁 共 10 頁 v 1.1.1 | | | 致：香港交易及結算所有限公司 公司名稱: G.A. 控股有限公司 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) | 08126 | 說明 | | | | | | | | | | 多櫃檯證券代號 | | 說明 | | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | | 0.1 HKD | | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | | 本月底結存 | | | 2, ...

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 843,020,000, a decrease of 17.3% from HKD 1,018,386,000 in the same period of 2023[16] - The operating loss for the period was HKD 18,228,000, compared to a loss of HKD 3,784,000 in the previous year, indicating a significant decline in profitability[17] - The company reported a basic and diluted loss per share of HKD 3.83, compared to HKD 0.79 in the previous year, highlighting increased financial strain[17] - The company reported a total comprehensive loss of HKD (22,955,000) for the six months ended June 30, 2024, compared to a loss of HKD (3,784,000) in the same period of 2023[21] - The company reported a loss of HKD 13,545,000 for the reporting period, compared to a profit of HKD 4,009,000 in the previous year[36] Revenue Breakdown - Revenue from automobile sales was HKD 568,503,000, down 19.8% from HKD 709,707,000 year-on-year[32] - Revenue from automobile services and parts sales was HKD 260,644,000, a decrease of 11.0% compared to HKD 293,230,000 in the previous year[32] - Other income totaled HKD 57,611,000, an increase of 30.4% from HKD 44,170,000 in the same period last year[33] - Revenue from the Hong Kong car rental business was HKD 10,002,000, a decrease of 9.8% compared to the previous year, due to unfavorable economic conditions and a decline in inbound tourist numbers[87] Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 1,396,097,000, an increase from HKD 1,293,109,000 as of December 31, 2023[18] - Current liabilities decreased to HKD 968,590,000 from HKD 853,595,000 at the end of 2023, reflecting improved liquidity management[19] - The net asset value as of June 30, 2024, was HKD 743,058,000, down from HKD 766,013,000 at the end of 2023[19] - Total liabilities increased to HKD 1,095,666 from HKD 992,873 in the previous period[47] Cash Flow - For the six months ended June 30, 2024, the company reported a net cash outflow from operating activities of HKD (157,221,000), compared to a net inflow of HKD 27,048,000 for the same period in 2023[23] - The company experienced a net cash outflow from investing activities of HKD (11,080,000) for the six months ended June 30, 2024, compared to HKD (12,265,000) in the previous year[23] - Financing activities generated a net cash inflow of HKD 123,308,000 in the first half of 2024, a significant increase from a net outflow of HKD (62,141,000) in the same period of 2023[23] Market and Strategic Focus - The company plans to focus on market expansion and new product development to drive future growth[16] - The competitive environment in the Chinese passenger car market is expected to remain intense throughout the second half of 2024, with BMW lowering sales targets to alleviate dealer pressure, but without positive results[107] - The group continues to focus on profitable after-sales business as a key strategy moving forward[107] Corporate Governance - The company is currently non-compliant with GEM Listing Rules regarding the number of independent non-executive directors following the resignation of a director due to health issues[108] - The company has adopted a code of conduct for directors regarding securities transactions, ensuring compliance with GEM Listing Rules[119] - The company has adhered to the corporate governance code as outlined in the GEM Listing Rules during the reporting period[120] Shareholder Information - Major shareholder Loh & Loh Construction Group Ltd. holds 9.51% of the company, while the largest shareholder, 罗爾平, holds 22.63%[111] - No share options were granted under the share option scheme during the six months ended June 30, 2024[116] Other Financial Metrics - Employee benefits expenses rose to HKD 4,525, compared to HKD 3,732 in the prior year[49] - Advertising and promotional expenses decreased to HKD 2,510 from HKD 3,516 year-on-year[49] - The company did not recommend an interim dividend for the six months ended June 30, 2024, consistent with the previous year[56]

Financial Performance - The company reported total revenue of HKD 900,631,000 for the six months ended June 30, 2024, a decrease of 15.3% compared to HKD 1,062,556,000 for the same period in 2023[2]. - The company incurred a loss of HKD 18,228,000 for the period, compared to a loss of HKD 3,784,000 in the previous year, representing an increase in loss of 382.5%[2]. - The company reported a basic and diluted loss per share of HKD 3.83 for the period, compared to HKD 0.79 in the previous year[2]. - The company reported a loss of HKD 13,545,000 for the six months ended June 30, 2024, compared to a profit of HKD 4,009,000 in the same period of 2023[19]. - The operating profit for the six months ended June 30, 2024, was HKD 64,256,000, a decline of 39.4% from HKD 106,054,000 in the same period last year[54]. - The operating profit margin fell from 10.4% in the previous year to 7.6% due to increased discounts offered to customers[54]. - Loss attributable to owners of the company for the six months ended June 30, 2024, was HKD 18,228,000, compared to HKD 3,784,000 for the same period in 2023, primarily due to intense price competition among major automotive brands in China[61]. Assets and Liabilities - Non-current assets decreased to HKD 442,627,000 as of June 30, 2024, from HKD 465,777,000 as of December 31, 2023, reflecting a decline of 4.9%[3]. - Current assets increased to HKD 1,396,097,000 as of June 30, 2024, compared to HKD 1,293,109,000 as of December 31, 2023, an increase of 8.0%[3]. - The total liabilities increased to HKD 968,590,000 as of June 30, 2024, compared to HKD 853,595,000 as of December 31, 2023, an increase of 13.4%[4]. - The company's equity decreased to HKD 743,058,000 as of June 30, 2024, from HKD 766,013,000 as of December 31, 2023, a decrease of 3.0%[4]. - Total assets as of June 30, 2024, amounted to HKD 1,838,724,000, an increase from HKD 1,758,886,000 as of December 31, 2023[20]. - Total liabilities as of June 30, 2024, were HKD 1,095,666,000, up from HKD 992,873,000 at the end of 2023[20]. Cash Flow and Expenses - The net cash generated from operating activities for the six months ended June 30, 2024, was a negative HKD 157,221,000, compared to a positive HKD 27,048,000 for the same period in 2023[7]. - The cash and cash equivalents at the end of the period were HKD 34,978,000, down from HKD 60,684,000 at the end of June 2023[7]. - The company reported a cash outflow from investing activities of HKD 11,080,000 for the acquisition of property, plant, and equipment[7]. - Financing activities generated a net cash inflow of HKD 123,308,000, which included new borrowings of HKD 830,635,000[7]. - The company recorded a net loss of HKD 1,296,000 in tax expenses for the six months ended June 30, 2024, compared to a loss of HKD 389,000 in the same period of 2023[25]. - Other expenses for the six months ended June 30, 2024, amounted to HKD 27,080,000, a decrease of 10.4% compared to HKD 30,235,000 for the same period in 2023[59]. Revenue Breakdown - Automotive sales revenue was HKD 568,503,000, down 19.8% from HKD 709,707,000 in the previous year[14]. - Revenue from automotive services and parts sales was HKD 260,644,000, a decline of 11.1% compared to HKD 293,230,000 in 2023[14]. - The company's unaudited consolidated revenue for the six months ended June 30, 2024, decreased by 17.2% to HKD 843,020,000 from HKD 1,018,386,000 for the same period in 2023[49]. - Revenue from automobile sales dropped by 19.9% to HKD 568,503,000 compared to HKD 709,707,000 in the previous year, primarily due to intense price competition[50]. - Revenue from automobile services and parts sales decreased by 11.1% to HKD 260,644,000 from HKD 293,230,000 year-on-year[51]. Operational Metrics - Employee benefit expenses decreased by 12.3% to HKD 57,810,000 from HKD 65,898,000, attributed to reduced commissions and a decrease in average employee numbers[56]. - The group had a total of 636 employees as of June 30, 2024, down from 686 as of December 31, 2023, due to cost control measures[66]. - The company’s lease expenses for short-term leases and leases with a term of less than 12 months decreased to HKD 1,555,000 from HKD 2,505,000, a reduction of approximately 37.9%[24]. - Operational efficiency initiatives have led to a 5% reduction in costs, saving approximately HKD 60 million[85]. Future Outlook and Strategy - The outlook for the automotive market in China remains challenging, with ongoing price wars expected to continue into the second half of 2024[71]. - The company is expanding its market presence in Southeast Asia, targeting a 25% increase in market share by the end of the year[85]. - New product launches are expected to contribute an additional HKD 300 million in revenue over the next two quarters[85]. - The company provided a future outlook, projecting a revenue growth of 10% for the next fiscal year[85]. - Research and development expenses increased by 30%, amounting to HKD 150 million, focusing on innovative technologies[85]. - The company is considering strategic acquisitions to enhance its product portfolio, with a budget of up to HKD 500 million allocated for potential deals[85]. - A new marketing strategy has been implemented, aiming to increase brand awareness by 40% in the next six months[85]. Corporate Governance - The company has adopted a code of conduct for securities trading that complies with GEM Listing Rules, with no violations reported by directors[81]. - The audit committee, consisting of independent non-executive directors, reviewed the unaudited condensed consolidated financial statements for the six months ended June 30, 2024[83]. - The company has maintained compliance with the corporate governance code as outlined in the GEM Listing Rules[82]. - No significant changes in the interests of directors or major shareholders were reported during the period[76].

Economic Overview - In 2023, China's GDP growth rate was 5.2%, but consumer confidence was weakened due to challenges in the real estate sector, impacting the automotive market negatively[11] - The slowdown in China's economic development may suppress consumer spending, particularly affecting the sales of automobiles and related services[164] Automotive Market Performance - The automotive sales revenue and gross margin for the group declined compared to the previous year due to ongoing price wars in the passenger car market[11] - For the fiscal year ending December 31, 2023, the company's consolidated revenue decreased by 11.9% to HKD 2,080,324,000 from HKD 2,362,390,000 in the previous year[29] - The company's profit for the fiscal year was HKD 4,078,000, a significant decline of 84.4% compared to HKD 26,104,000 in the prior year, primarily due to intense price competition among major automotive brands in China[29] - Revenue from automobile sales fell by 16.1% to HKD 1,470,027,000, down from HKD 1,752,680,000, attributed to the ongoing price war[30] - Revenue from automotive services and parts sales slightly increased by 0.4% to HKD 579,560,000, compared to HKD 577,473,000 in the previous year[31] Future Outlook - For 2024, BMW is expected to maintain its leading position in the luxury car market in China, with plans to launch new electric vehicle models and achieve significant sales growth compared to 2023[12] - The company plans to launch new electric vehicle models in 2024, aiming for significant sales growth compared to 2023[62] Financial Performance - The operating profit margin for the fiscal year was 10.1%, down from 11.9% in the previous year, reflecting the impact of increased discounts and price competition[36] - Other income rose by 79.9% to HKD 107,761,000, up from HKD 59,891,000, mainly due to an increase in consulting service revenue[37] - Employee benefit expenses decreased by 4.1% to HKD 129,747,000 from HKD 135,364,000, driven by reduced commissions and a decrease in average employee numbers[38] - Depreciation and amortization expenses decreased by 6.6% from HKD 59,226,000 to HKD 55,293,000 for the year ended December 31, 2023[39] - Foreign exchange losses were approximately HKD 2,068,000, an improvement from a loss of HKD 4,018,000 in the previous year[40] - Other expenses increased by 8.2% to HKD 75,167,000, driven by increases in entertainment, legal, and travel expenses[41] - Financial costs rose by 14.7% to HKD 38,028,000 due to increased borrowing and overall interest rate hikes[44] - Income tax expenses decreased by 70.3% to HKD 3,640,000, while the effective tax rate increased from 31.9% to 47.2%[45] - Total current assets increased to HKD 1,293,109,000, with cash and bank balances at HKD 175,510,000[46] - The debt-to-equity ratio increased to 0.50 from 0.48, indicating a slight rise in leverage[56] Corporate Governance - The board of directors has decided not to recommend any dividend payment for the year ending December 31, 2023, to retain sufficient operating capital for business expansion[12] - The company reported no dividends for the year ending December 31, 2023, consistent with the previous year[67] - As of December 31, 2023, the company had no distributable reserves available for shareholder distribution[69] - Major shareholders include Loh & Loh Construction Group Ltd with 9.51% and Big Reap Investment Limited with 6.86% of shares[77] - The largest shareholder, Mr. Loh Ping, holds 22.63% of the company's shares, totaling 107,780,320 shares[77] - The annual general meeting is scheduled for June 20, 2024, with a suspension of share transfer registration from June 17 to June 20, 2024[68] - The company has not engaged in any business activities as it operates as an investment holding company[69] - The board of directors includes Mr. Nguyen Kien Ping as Chairman and Mr. Cai Zhongyou as Managing Director[81] - The company has established service contracts with its directors for a term of three years, with provisions for early termination[82] - There were no significant transactions or agreements involving directors or major shareholders during the year[85] - The company has not granted any rights to subscribe for shares or debt securities to its directors or senior management[86] - The group has maintained the public float as required by GEM listing rules throughout the year[99] - The group has confirmed that all existing independent non-executive directors are independent as per GEM listing rules[96] - The board of directors consists of five executive directors and three independent non-executive directors[125] - The company held a total of nine board meetings during the year ending December 31, 2023, with attendance rates for directors ranging from 0% to 100%[128] - The company has adopted a code of conduct for securities trading by directors, with no violations reported during the year[124] - The company has ensured compliance with the corporate governance code as per GEM listing rules throughout the year[123] - The roles of the chairman and the CEO are separated to ensure a balance of power and authority within the company[136] - All independent non-executive directors have confirmed their independence, and the company believes they meet the independence criteria set forth by GEM listing rules[140] - The company has established various committees, including the audit committee, nomination committee, and remuneration committee, to support the board's functions[141] - The company has made appropriate insurance arrangements for its directors against potential legal actions during the year[135] - The board is responsible for all major decision-making and has delegated daily management to senior executives[129] - The company emphasizes continuous professional development for all directors to enhance their knowledge and skills[134] - The company held two meetings of the Nomination Committee during the year ended December 31, 2023, to review board appointments and assess the independence of non-executive directors[146] - The Remuneration Committee conducted two meetings to discuss and review the company's remuneration policies and structures for the year ended December 31, 2023[147] - The Audit Committee held five meetings to review the company's quarterly, interim, and annual financial performance, as well as risk management and internal control systems for the year ended December 31, 2023[150] - The total fees paid or payable to the external auditor for the year ended December 31, 2023, amounted to HKD 1,456,000, including HKD 1,250,000 for statutory audit and HKD 206,000 for other non-audit services[151] Risk Management and ESG - The company has established a risk management and internal control system, which was deemed sufficient and effective by the Audit Committee for the year ended December 31, 2023[156] - The risk management process includes identifying strategic, operational, financial, and information risks based on economic data, industry trends, and management capabilities[159] - The management estimates the likelihood and potential impact of identified risks, making overall judgments on their acceptability[160] - The company adopts various strategies to address identified risks, including risk elimination, mitigation, or retention[161] - Management regularly reviews the operational and financial performance of each business segment to monitor risks[162] - The company faces significant risks related to political and regulatory changes in China, where most of its operations are based[163] - The company relies heavily on its information technology systems for internal processes and communication with manufacturers, and any major failures could disrupt operations and increase costs[167] - The board has established a clear organizational structure with designated authority and responsibilities to enhance internal controls[170] - The company has implemented a comprehensive accounting system to accurately record financial data[176] - The board regularly reviews the company's major business operations and financial performance to ensure alignment with strategic goals[176] - The company has adopted a shareholder communication policy to facilitate effective dialogue with investors[178] - The company held its annual general meeting on May 10, 2023, where shareholders approved revised articles of association to comply with GEM listing rules[179] - The board is committed to regularly reviewing corporate governance practices to ensure compliance with relevant codes and standards[180] - G.A. Holdings Limited aims to become a leading service provider and dealer in the luxury automotive industry in China, focusing on sustainable development and stakeholder responsibilities[182] - The board of directors plays a key role in overseeing environmental, social, and governance (ESG) matters, assessing risks and formulating related policies[183] - The group conducts annual materiality assessments to understand stakeholder expectations and prioritize ESG issues[187] - The report emphasizes the importance of stakeholder engagement in defining the group's goals and evaluating policies[197] - The company has established a governance framework to ensure transparency and accountability in its ESG initiatives[183] - G.A. Holdings Limited operates in various sectors, including automotive trading, leasing services, and high-end vehicle maintenance in China and Singapore[195] - The report highlights four environmental aspects and eight social aspects to showcase the group's performance in the 2023 fiscal year[196] - The company is committed to compliance with laws and regulations, ensuring corporate governance, and creating value for shareholders[198] - Stakeholder feedback is utilized to improve the group's performance and align with their expectations[197] - The board regularly reviews the progress of ESG objectives and may adjust strategies based on operational changes and stakeholder communication[188]