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: 辰罡科技有限公司 呈交日期: 2025年8月5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) | 08131 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 9,000,000,000 | HKD | | 0.1 | HKD | | 900,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 9,000,000,000 | HKD | | 0.1 | HKD | | 900,000,000 | | 2. 股份分類 | 優先股 | 股份類別 | ...

[Company Information and Declarations](index=1&type=section&id=Company%20Information%20and%20Declarations) This section outlines the characteristics of the GEM market, directors' responsibilities, and disclaimers regarding the report's content [GEM Characteristics and Disclaimer](index=2&type=section&id=GEM%20Characteristics%20and%20Disclaimer) This section describes the characteristics of the GEM market, noting its high investment risk and lack of guaranteed liquidity, while the Stock Exchange disclaims responsibility for the report's content - The GEM market provides a listing platform for small and medium-sized companies, but carries **higher investment risks** and does not guarantee high liquidity[3](index=3&type=chunk) [Directors' Responsibility Statement](index=2&type=section&id=Directors'%20Responsibility%20Statement) The company's directors collectively and individually assume full responsibility for this report, confirming its truthfulness, completeness, and absence of misleading or fraudulent information - All directors of the company jointly and individually assume full responsibility for this report, confirming the information is true, complete, and not misleading[4](index=4&type=chunk) [Interim Results Summary](index=3&type=section&id=Interim%20Results%20Summary) Chengang Technology's unaudited revenue for the six months ended May 31, 2025, increased by 37.1% to HKD 17.611 million, with net loss significantly narrowing by 63.1% to HKD 1.906 million, and basic loss per share decreasing to 0.42 HK cents, indicating improved profitability 2025 H1 Key Financial Data Comparison | Indicator | Six Months Ended May 31, 2025 (HKD thousands) | Six Months Ended May 31, 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 17,611 | 12,850 | +37.1% | | Net Loss | (1,906) | (5,165) | -63.1% | | Basic Loss Per Share | HK cents (0.42) | HK cents (1.09) | -61.47% | [Condensed Consolidated Financial Statements](index=4&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents the company's unaudited condensed consolidated statement of profit or loss and other comprehensive income, statement of financial position, statement of cash flows, and statement of changes in equity for the six months ended May 31, 2025, detailing the group's financial performance, asset-liability structure, cash flows, and changes in shareholders' equity [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended May 31, 2025, revenue increased by 37.1%, but a larger increase in cost of sales led to a 44.25% decrease in gross profit; however, a swing from net other loss to income and effective control over operating expenses significantly narrowed operating and pre-tax losses, reducing the loss for the period by 63.1% Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (Six Months Ended May 31) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 17,611 | 12,850 | +37.1% | | Cost of Sales | (14,837) | (7,874) | +88.4% | | Gross Profit | 2,774 | 4,976 | -44.25% | | Net Other Income or Losses | 1,693 | (1,792) | N/A (Swing from loss to income) | | Loss from Operations | (1,118) | (4,469) | -74.9% | | Loss Before Tax | (1,906) | (5,165) | -63.1% | | Loss and Total Comprehensive Loss for the Period | (1,906) | (5,165) | -63.1% | | Basic Loss Per Share (HK cents) | (0.42) | (1.09) | -61.47% | [Condensed Consolidated Statement of Financial Position](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of May 31, 2025, the company's total assets decreased compared to November 30, 2024, and total equity swung from positive to negative, indicating financial challenges, with a significant expansion in net current liabilities suggesting increased short-term repayment pressure Condensed Consolidated Statement of Financial Position (As of May 31) | Indicator | May 31, 2025 (HKD thousands) | November 30, 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 24,671 | 27,151 | -9.0% | | Equity Attributable to Owners of the Company | (1,347) | 646 | N/A (Swing from positive to negative) | | Total Equity | (1,333) | 573 | N/A (Swing from positive to negative) | | Total Liabilities | 26,004 | 26,578 | -2.2% | | Net Current Liabilities | (2,174) | (292) | +644.5% | [Condensed Consolidated Statement of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended May 31, 2025, the company's operating cash flow shifted from a net inflow to a net outflow compared to the prior year, resulting in a net decrease in cash and cash equivalents and a significant decline in the period-end cash balance Condensed Consolidated Statement of Cash Flows (Six Months Ended May 31) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Net Cash (Used in) / Generated from Operating Activities | (4,755) | 7,358 | Swing from generated to used | | Net Cash Generated from Investing Activities | 3 | – | Small inflow | | Net Cash Used in Financing Activities | (154) | (223) | Reduced usage | | Net (Decrease) / Increase in Cash and Cash Equivalents | (4,906) | 7,135 | Swing from increase to decrease | | Cash and Cash Equivalents at End of Period | 6,588 | 13,258 | -50.3% | [Condensed Consolidated Statement of Changes in Equity](index=8&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) As of May 31, 2025, equity attributable to owners of the company and total equity both swung from positive to negative compared to the prior year, reflecting the erosion of shareholders' equity by the loss for the period Condensed Consolidated Statement of Changes in Equity (As of May 31) | Indicator | May 31, 2025 (HKD thousands) | May 31, 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Total Attributable to Owners of the Company | (1,347) | 3,010 | Swing from positive to negative | | Non-controlling Interests | 14 | – | New addition | | Total Equity | (1,333) | 3,010 | Swing from positive to negative | [Notes to the Condensed Consolidated Interim Financial Statements](index=9&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Statements) This section details the basis of preparation, accounting policies, and impact of new accounting standards for the condensed consolidated interim financial statements, along with specific disclosures and analysis of key financial items such as revenue, segment information, other income, loss components, finance costs, taxation, dividends, loss per share, receivables, reserves, and payables [Basis of Preparation](index=9&type=section&id=Basis%20of%20Preparation) The condensed consolidated interim financial statements are prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" issued by the HKICPA, complying with GEM Listing Rules and Hong Kong Companies Ordinance disclosure requirements, and have been reviewed by the audit committee but not audited by the company's auditors - The condensed consolidated interim financial statements are prepared under **HKAS 34**, reviewed by the audit committee, but not audited by the company's auditors[11](index=11&type=chunk) [Impact of New Hong Kong Financial Reporting Standards and Hong Kong Accounting Standards](index=9&type=section&id=Impact%20of%20New%20Hong%20Kong%20Financial%20Reporting%20Standards%20and%20Hong%20Kong%20Accounting%20Standards) The Group first adopted new and revised Hong Kong Financial Reporting Standards and Hong Kong Accounting Standards effective from December 1, 2024, which, apart from leading to new accounting policies and additional disclosures in certain cases, had no significant impact on the financial statements for the current period - The first adoption of new and revised HKFRS and HKAS had **no significant impact** on the financial statements, except for new accounting policies and additional disclosures[12](index=12&type=chunk) [Revenue](index=10&type=section&id=Revenue) The Group primarily derives revenue from professional services, computer software licensing and related services, maintenance services, sales of computer hardware and related products, and fintech resource services; for the six months ended May 31, 2025, total revenue grew significantly, with maintenance services being the main driver, while computer software licensing and fintech resource services revenue decreased Revenue Breakdown (Six Months Ended May 31) | Revenue Source | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Provision of professional services | 1,086 | – | N/A (New) | | Computer software licensing and provision of related services | 1,304 | 1,676 | -22.2% | | Provision of maintenance services | 10,077 | 5,658 | +78.1% | | Sales of computer hardware and related products | – | 18 | N/A (Ceased) | | Provision of fintech resource services | 5,144 | 5,498 | -6.5% | | **Total Revenue** | **17,611** | **12,850** | **+37.1%** | [Segment Information](index=11&type=section&id=Segment%20Information) The Group's business is divided into financial solutions and support services segments; the financial solutions segment saw significant revenue growth but swung from profit to loss, while the support services segment experienced growth in both revenue and results; central administrative costs decreased significantly, and financial assets at fair value through profit or loss swung from loss to gain, positively impacting the narrowing of the overall loss before tax [Segment Revenue and Results](index=11&type=section&id=Segment%20Revenue%20and%20Results) For the six months ended May 31, 2025, the financial solutions segment's revenue grew by 57.2% but its segment result swung from profit to loss, while the support services segment's revenue increased by 10.1% and its result also grew; central administrative costs significantly decreased, and financial assets at fair value through profit or loss swung from loss to gain, collectively contributing to a substantial narrowing of the loss before tax Segment Revenue and Results (Six Months Ended May 31) | Segment | 2025 Revenue (HKD thousands) | 2024 Revenue (HKD thousands) | Revenue Change (%) | 2025 Segment Result (HKD thousands) | 2024 Segment Result (HKD thousands) | Result Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Financial Solutions | 11,559 | 7,352 | +57.2% | (1,651) | 1,701 | Swing from profit to loss | | Support Services | 6,052 | 5,498 | +10.1% | 149 | 84 | +77.4% | | **Total** | **17,611** | **12,850** | **+37.1%** | **(1,502)** | **1,785** | Swing from profit to loss | | Central Administrative Costs | | | | (1,306) | (4,269) | -69.4% | | Fair Value Gain / (Loss) on Financial Assets at Fair Value Through Profit or Loss | | | | 1,695 | (1,987) | Swing from loss to gain | [Segment Assets and Liabilities](index=12&type=section&id=Segment%20Assets%20and%20Liabilities) As of May 31, 2025, both assets and liabilities of the financial solutions segment decreased, while those of the support services segment increased; overall, the Group's consolidated total assets and total liabilities slightly decreased Segment Assets and Liabilities (As of May 31) | Segment | 2025 Assets (HKD thousands) | 2024 Assets (HKD thousands) | Asset Change (%) | 2025 Liabilities (HKD thousands) | 2024 Liabilities (HKD thousands) | Liability Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Financial Solutions | 13,903 | 24,164 | -42.4% | 9,767 | 12,005 | -18.7% | | Support Services | 3,172 | 2,606 | +21.7% | 1,228 | 483 | +154.2% | | **Consolidated Total Assets** | **24,671** | **30,120** | **-18.1%** | **Consolidated Total Liabilities** | **26,004** | **27,110** | **-4.1%** | [Other Segment Information](index=12&type=section&id=Other%20Segment%20Information) For the six months ended May 31, 2025, depreciation expense for property, plant and equipment decreased, while depreciation expense for right-of-use assets significantly increased, reflecting changes in asset structure and usage Other Segment Information (Six Months Ended May 31) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Depreciation of property, plant and equipment | 29 | 51 | -43.1% | | Depreciation of right-of-use assets | 179 | 7 | +2457.1% | [Geographical Segments](index=13&type=section&id=Geographical%20Segments) All of the Group's revenue and non-current assets are derived from Hong Kong, thus no geographical segment information is presented - All Group revenue and non-current assets are located in Hong Kong, thus no geographical segment information is presented[22](index=22&type=chunk) [Information about Major Customers](index=13&type=section&id=Information%20about%20Major%20Customers) For the six months ended May 31, 2025, Customer A contributed HKD 2.182 million in revenue to the Group, primarily from the support services segment, becoming a major customer contributing over 10% of total revenue during the period - Customer A contributed **HKD 2,182 thousand** in revenue in H1 2025, primarily from the support services segment[23](index=23&type=chunk) [Net Other Income or Losses](index=13&type=section&id=Net%20Other%20Income%20or%20Losses) For the six months ended May 31, 2025, the Group's net other income or losses swung from a loss of HKD 1.792 million in the prior year to an income of HKD 1.693 million, primarily due to fair value gains on financial assets at fair value through profit or loss Net Other Income or Losses (Six Months Ended May 31) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Fair value gain / (loss) on financial assets at fair value through profit or loss | 1,695 | (1,987) | Swing from loss to gain | | **Total** | **1,693** | **(1,792)** | Swing from loss to gain | [Loss Before Tax](index=13&type=section&id=Loss%20Before%20Tax) For the six months ended May 31, 2025, the Group's loss before tax significantly narrowed, mainly due to a substantial 66.5% reduction in staff costs (excluding directors' emoluments) and a decrease in depreciation of property, plant and equipment, despite a significant increase in depreciation of right-of-use assets Loss Before Tax Components (Six Months Ended May 31) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Depreciation of property, plant and equipment | 29 | 51 | -43.1% | | Depreciation of right-of-use assets | 179 | 7 | +2457.1% | | Staff costs (excluding directors' emoluments) | 2,383 | 7,108 | -66.5% | [Finance Costs](index=14&type=section&id=Finance%20Costs) For the six months ended May 31, 2025, the Group's finance costs increased compared to the prior year, primarily comprising imputed interest expense on promissory notes and interest expense on lease liabilities Finance Costs (Six Months Ended May 31) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Imputed interest expense on promissory notes | 769 | 693 | +11.0% | | Interest expense on lease liabilities | 19 | 3 | +533.3% | | **Total** | **788** | **696** | **+13.2%** | [Income Tax Expense](index=14&type=section&id=Income%20Tax%20Expense) For the six months ended May 31, 2025 and 2024, the Group incurred no income tax expense, primarily because Hong Kong entities had sufficient tax losses carried forward or no assessable profits, while the Bermuda-registered entity was exempt from profits tax - No income tax expense for the period, as Hong Kong entities had **tax losses carried forward** or no assessable profits, and the Bermuda entity was exempt[27](index=27&type=chunk) [Dividends](index=14&type=section&id=Dividends) The Board of Directors does not recommend the payment of an interim dividend for the six months ended May 31, 2025, consistent with the prior year - The Board of Directors does not recommend an interim dividend for the six months ended May 31, 2025[28](index=28&type=chunk) [Loss Per Share](index=15&type=section&id=Loss%20Per%20Share) For the six months ended May 31, 2025, basic loss per share attributable to owners of the company significantly narrowed to 0.42 HK cents (compared to 1.09 HK cents in the prior year); diluted loss per share is not presented as there were no potentially dilutive ordinary shares outstanding during either period - Basic loss per share narrowed from **1.09 HK cents** to **0.42 HK cents**, with no dilutive impact[29](index=29&type=chunk)[30](index=30&type=chunk) [Trade and Other Receivables](index=15&type=section&id=Trade%20and%20Other%20Receivables) As of May 31, 2025, the Group's total trade and other receivables increased to HKD 10.597 million, with net trade receivables increasing and the largest portion being aged over 360 days, indicating a longer collection cycle for some receivables Trade and Other Receivables (As of May 31) | Indicator | May 31, 2025 (HKD thousands) | November 30, 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Net trade receivables | 8,608 | 7,280 | +18.2% | | Prepayments | 1,132 | 1,597 | -29.2% | | Other receivables | 465 | 389 | +19.5% | | **Total** | **10,597** | **9,658** | **+9.7%** | - Among trade receivables, the largest portion is aged over **360 days**, amounting to **HKD 19,738 thousand** as of May 31, 2025[31](index=31&type=chunk) [Reserves](index=16&type=section&id=Reserves) The Group's unaudited reserve amounts and their movements for the current period and the prior year are presented in the condensed consolidated statement of changes in equity - Reserve amounts and their movements are presented in the consolidated statement of changes in equity[32](index=32&type=chunk) [Trade and Other Payables and Accrued Charges](index=16&type=section&id=Trade%20and%20Other%20Payables%20and%20Accrued%20Charges) As of May 31, 2025, the Group's trade payables significantly decreased, leading to a slight reduction in total trade and other payables and accrued charges, while the average credit period for suppliers remained between 60 and 180 days Trade and Other Payables and Accrued Charges (As of May 31) | Indicator | May 31, 2025 (HKD thousands) | November 30, 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Trade payables | 123 | 870 | -85.9% | | Accrued charges | 1,320 | 1,663 | -20.6% | | Other payables | 6,183 | 6,050 | +2.2% | | **Total** | **7,626** | **8,583** | **-11.2%** | [Management Discussion and Analysis](index=17&type=section&id=Management%20Discussion%20and%20Analysis) Management discusses the Group's financial performance for H1 2025, including reasons for revenue growth and narrowed losses, and elaborates on liquidity, financial resources, risk management, employee policies, and operational review of business segments with future outlook [Financial Review](index=17&type=section&id=Financial%20Review) For the six months ended May 31, 2025, the Group's revenue grew by 37.1%, and net loss significantly decreased by 63.1%, primarily due to improved net other income or losses and reduced software research and development, sales and marketing, and administrative expenses, with maintenance services revenue being a key driver and staff costs decreasing due to fewer employees - Revenue grew by **37.1%** to **HKD 17,611 thousand**, and net loss decreased by **63.1%** to **HKD 1,906 thousand**, primarily due to the net effect of improved net other income or losses and reduced software R&D, sales and marketing, and administrative expenses[35](index=35&type=chunk) - Maintenance services revenue contributed **HKD 10,077 thousand**, accounting for **57.2%** of total revenue, driving growth in line with Hong Kong's expanding IT services market[35](index=35&type=chunk) - Operating expenses decreased by **23.7%** to **HKD 4,476 thousand**, mainly due to reduced marketing expenses and sales commissions[36](index=36&type=chunk) - Staff costs (excluding directors' emoluments) decreased by **66.5%** to **HKD 2,383 thousand**, primarily due to a reduction in the number of employees[38](index=38&type=chunk) [Liquidity and Financial Resources](index=18&type=section&id=Liquidity%20and%20Financial%20Resources) The Group maintains a prudent treasury policy, allowing investments only in Hong Kong-listed equity securities, cash, and other short-term bank deposits; as of May 31, 2025, total promissory notes amounted to approximately HKD 15.5 million, and the gearing ratio increased, indicating higher leverage - The Group maintains a prudent treasury policy, investing only in **Hong Kong-listed equity securities**, cash, and other short-term bank deposits[39](index=39&type=chunk) - As of May 31, 2025, total promissory notes amounted to approximately **HKD 15,500 thousand**, representing unsecured, non-interest-bearing loans[39](index=39&type=chunk) - The gearing ratio increased from **0.57** in 2024 to **0.65** in 2025[39](index=39&type=chunk) [Pledge of Assets](index=18&type=section&id=Pledge%20of%20Assets) As of May 31, 2025, the Group had not pledged or charged any of its assets - As of May 31, 2025, the Group had **no assets pledged or charged**[40](index=40&type=chunk) [Foreign Exchange Fluctuation Risk and Related Hedging](index=18&type=section&id=Foreign%20Exchange%20Fluctuation%20Risk%20and%20Related%20Hedging) All of the Group's assets, liabilities, and transactions are denominated in HKD or CAD; the Group's policy is to allow operating entities to borrow local currency when needed to minimize currency risk, and no foreign currency hedging was undertaken during the period - Group assets, liabilities, and transactions are denominated in **HKD or CAD**, with a policy to borrow local currency to minimize risk, and **no foreign currency hedging** was undertaken[41](index=41&type=chunk)[42](index=42&type=chunk) [Treasury Policy](index=18&type=section&id=Treasury%20Policy) The Group's cash and bank deposits are denominated in HKD and CAD, with core business transactions primarily in HKD; as the Group considers its foreign exchange risk minimal, it does not use any derivative instruments to hedge foreign exchange risk - Core business transactions are primarily in **HKD**, foreign exchange risk is minimal, and **no derivative instruments** are used for hedging[43](index=43&type=chunk) [Contingent Liabilities](index=18&type=section&id=Contingent%20Liabilities) As of May 31, 2025, the Group had no material contingent liabilities - As of May 31, 2025, the Group had **no material contingent liabilities**[44](index=44&type=chunk) [Material Investments](index=18&type=section&id=Material%20Investments) For the three months ended May 31, 2025, the Group held no material investments - For the three months ended May 31, 2025, the Group held **no material investments**[45](index=45&type=chunk) [Significant Events](index=19&type=section&id=Significant%20Events) As of May 31, 2025, the Group had no material capital commitments and no future plans to engage in significant investments or acquire capital assets - As of May 31, 2025, the Group had **no material capital commitments** and no future plans for significant investments or capital asset acquisitions[46](index=46&type=chunk) [Employees and Remuneration Policy](index=19&type=section&id=Employees%20and%20Remuneration%20Policy) As of May 31, 2025, the Group employed 25 staff in Hong Kong, a decrease from the prior year; employee remuneration is determined by individual performance, work experience, and market salary levels, including basic salary, MPF, and medical insurance plans - As of May 31, 2025, the Group had **25 employees** (35 in 2024), with total staff costs of approximately **HKD 2,833 thousand**[47](index=47&type=chunk) [Pension Scheme](index=19&type=section&id=Pension%20Scheme) The Group participates in the Mandatory Provident Fund Scheme for all employees hired under the Hong Kong Employment Ordinance, contributing 5% of employees' relevant income, up to a monthly cap of HKD 30,000 - The Group participates in the **Mandatory Provident Fund Scheme** for Hong Kong employees, contributing **5%** of relevant income, up to a monthly cap of **HKD 30,000**[48](index=48&type=chunk) [Operational Review](index=19&type=section&id=Operational%20Review) For the six months ended May 31, 2025, the Group's revenue increased by 37.1%, primarily driven by contributions from computer software licensing and related services, maintenance services, fintech resource services, and professional services; the Group remains optimistic about the Hong Kong financial market outlook and plans to strengthen its strategy to seize new business opportunities - Group revenue increased by **37.1%** to **HKD 17,611 thousand**, primarily from computer software licensing and related services, maintenance services (**HKD 11,381 thousand**), fintech resource services (**HKD 5,144 thousand**), and professional services (**HKD 1,086 thousand**)[49](index=49&type=chunk) - The Group is optimistic about the Hong Kong financial market outlook and plans to strengthen strategic initiatives to create new business opportunities[50](index=50&type=chunk) [Financial Solutions Services](index=20&type=section&id=Financial%20Solutions%20Services) RegTech solutions and related services continue to yield positive results for the Group, despite increasing market competition; the Group actively addresses challenges and capitalizes on the growing demand for compliance in the financial industry by enhancing its service portfolio, including annual maintenance and other professional services, and marketing activities - RegTech solutions and related services continue to yield positive results, despite **increasing market competition**[51](index=51&type=chunk) - The Group enhances its service portfolio, including annual maintenance and other professional services, and marketing to capitalize on the growing demand for compliance in the financial industry[51](index=51&type=chunk) [Support Services](index=20&type=section&id=Support%20Services) The Group successfully expanded its support services market through the acquisition of Smart Talent and Global Platform Limited, offering IT professional secondment, recruitment, and other professional services; amidst growing market demand for technological efficiency and fintech talent, the support services segment achieved significant revenue growth, successfully renewing existing client contracts and securing new ones - The Group expanded support services through the acquisition of Smart Talent and Global Platform Limited, offering **IT professional secondment, recruitment, and other professional services**[52](index=52&type=chunk) - Support services segment revenue grew significantly to approximately **HKD 1,086 thousand** for the six months ended May 31, 2025, with successful renewal of existing client secondment contracts and new professional service contracts[52](index=52&type=chunk) [Corporate Governance and Equity Information](index=21&type=section&id=Corporate%20Governance%20and%20Equity%20Information) This section discloses the interests and short positions of directors and chief executives, and substantial shareholders in the company's shares, underlying shares, and debentures, along with the audit committee's composition, duties, and work, and the company's compliance with the code for securities transactions by directors and the corporate governance code [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures](index=21&type=section&id=Directors'%20and%20Chief%20Executive's%20Interests%20and%20Short%20Positions%20in%20Shares,%20Underlying%20Shares%20and%20Debentures) As of May 31, 2025, none of the company's directors or chief executives held any long or short positions in the shares, underlying shares, or debentures of the company or its associated corporations that are required to be disclosed under the SFO or GEM Listing Rules - As of May 31, 2025, directors and chief executives held **no disclosable long or short positions** in the company's or its associated corporations' shares, underlying shares, or debentures[53](index=53&type=chunk)[54](index=54&type=chunk)[55](index=55&type=chunk)[56](index=56&type=chunk)[57](index=57&type=chunk)[58](index=58&type=chunk)[59](index=59&type=chunk) [Interests Discloseable Under the Securities and Futures Ordinance and Substantial Shareholders](index=23&type=section&id=Interests%20Discloseable%20Under%20the%20Securities%20and%20Futures%20Ordinance%20and%20Substantial%20Shareholders) As of May 31, 2025, substantial shareholders Bravo Merit Management Groups Limited and its beneficial owner Mr. Leung Wai Ming held a 74.81% long position in the company's shares; no other persons or substantial shareholders were recorded in the register as holding disclosable short positions in the company's shares or underlying shares - Bravo Merit Management Groups Limited and its beneficial owner Mr. Leung Wai Ming hold **355,942,790 ordinary shares**, representing **74.81%** of the issued share capital[61](index=61&type=chunk) - No other persons or substantial shareholders are recorded in the register as holding disclosable short positions in the company's shares or underlying shares[62](index=62&type=chunk)[63](index=63&type=chunk) [Audit Committee](index=23&type=section&id=Audit%20Committee) The company's audit committee comprises three independent non-executive directors, chaired by Mr. Chow Wai Hing, and is responsible for reviewing financial reporting, internal control systems, and the relationship with external auditors; during the period, the audit committee held two meetings, reviewed the Group's unaudited results for the six months ended May 31, 2025, and deemed them prepared in accordance with applicable accounting standards - The audit committee, chaired by Mr. Chow Wai Hing, consists of **three independent non-executive directors** and reviews financial reporting, internal controls, and external auditor relations[64](index=64&type=chunk)[65](index=65&type=chunk) - The audit committee reviewed the unaudited results for the six months ended May 31, 2025, and found them prepared in accordance with applicable accounting standards[65](index=65&type=chunk) [Code of Conduct Regarding Securities Transactions by Directors](index=24&type=section&id=Code%20of%20Conduct%20Regarding%20Securities%20Transactions%20by%20Directors) The company has adopted a code of conduct for directors' securities transactions that is no less exacting than the required standard; during the six months ended May 31, 2025, the company was not aware of any non-compliance by any director with this code - The company adopted a **code of conduct for directors' securities transactions** no less exacting than the required standard, with no non-compliance noted during the period[66](index=66&type=chunk) [Corporate Governance Code](index=24&type=section&id=Corporate%20Governance%20Code) The company is committed to maintaining high standards of corporate governance and has adopted the revised and amended provisions of the Corporate Governance Code set out in Appendix 15 to the GEM Listing Rules; no other non-compliance with the code was identified during the period, except for the frequency of financial reporting updates - The company adopted the **revised Corporate Governance Code** from Appendix 15 of the GEM Listing Rules, committed to high governance standards[67](index=67&type=chunk) [Financial Reporting](index=25&type=section&id=Financial%20Reporting) According to the Corporate Governance Code, management should provide monthly financial reporting updates to the Board; however, the company's management provides updates quarterly at regular Board meetings and provides timely updates on any significant changes to all Board members - Management provides financial reporting updates quarterly to the Board, not monthly, but provides timely updates on significant changes[68](index=68&type=chunk) [Purchase, Sale or Redemption of Listed Securities](index=25&type=section&id=Purchase,%20Sale%20or%20Redemption%20of%20Listed%20Securities) During the six months ended May 31, 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 May 31, 2025, neither the company nor its subsidiaries purchased, sold, or redeemed any listed securities[69](index=69&type=chunk) [By Order of the Board](index=25&type=section&id=By%20Order%20of%20the%20Board) This report was issued by Executive Director Mr. Wong Kam Chiu for and on behalf of the Board on July 31, 2025, and lists the names of the Board members - The report was issued by Executive Director Mr. Wong Kam Chiu on behalf of the Board on **July 31, 2025**, listing Board members[69](index=69&type=chunk)

Core Viewpoint - Changan Technology (08131) reported a mid-term performance for the six months ending May 31, 2025, showing a revenue of HKD 17.611 million, which represents a year-on-year increase of 37.05% [1] Financial Performance - The company recorded a loss of HKD 1.906 million during the period, which is a significant reduction of 63.1% compared to the previous year [1] - Basic loss per share was reported at HKD 0.42 cents [1]

智通财经APP讯，辰罡科技(08131)发布截至2025年5月31日止六个月中期业绩，收益1761.1万港元，同 比增加37.05%;期内亏损190.6万港元，同比收窄63.1%;每股基本亏损0.42港仙。 ...

（於 百 慕 達 註 冊 成 立 之 有 限 公 司） （股份代號：8131） 辰 罡 科 技 有 限 公 司 * abc Multiactive Limited 中期業績公告 截至二零二五年五月三十一日止六個月 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交 所上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司之潛在 風險，並應經過審慎周詳之考慮後方作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於聯交所主 板買賣之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高 流通量的市場。 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。 本公告乃根據聯交所《GEM 證券上市規則》（「GEM 上市規則」）之規定提供有關 abc Multiactive Limited（辰罡科技有限公司）（「本公司」）之資料。本公司各董事共 同 ...

Group 1 - The article provides a list of companies listed on the Hong Kong stock market along with their dividend distribution dates and shareholder meeting dates [1][4][5] - Notable companies mentioned include China Railway, Green Town China, and Budweiser APAC, which are scheduled for dividend payments [4][5] - The document outlines various companies' actions regarding capital increases and dividend distributions, indicating ongoing corporate activities in the market [4][5]

Group 1 - The Hang Seng Index rose by 0.37% to close at 22,775.92 points on May 8 [1] - Changan Technology (08131.HK) closed at HKD 0.106 per share, up 20.45%, with a trading volume of 420,000 shares and a turnover of HKD 35,000, showing a volatility of 27.27% [1] Group 2 - Over the past month, Changan Technology has seen a cumulative increase of 6.02%, and a year-to-date increase of 37.5%, outperforming the Hang Seng Index's increase of 13.12% [2] - As of November 30, 2024, Changan Technology reported total revenue of HKD 37.9284 million, a year-on-year increase of 56.73%, and a net profit attributable to shareholders of -HKD 6.9534 million, a year-on-year increase of 41.1%, with a gross margin of 30.04% and a debt-to-asset ratio of 97.89% [2] Group 3 - Currently, there are no institutional investment ratings for Changan Technology [3] - The average price-to-earnings (P/E) ratio for the software services industry (TTM) is -4.25, with a median of -2.07. Changan Technology's P/E ratio is -5.56, ranking 118th in the industry [3] - Changan Technology provides comprehensive securities and trading ticket processing solutions for banks and brokers, recognized for its strong technical capabilities. The company has been described as a "world-class" software development company in a year-long research project by MIT [3]

Financial Performance - The company reported a revenue of approximately HKD 41,068,000 for the year ended November 30, 2024, representing a 56.7% increase from HKD 26,203,000 in the previous year[12]. - The net loss for the year was approximately HKD 7,829,000, a 38.8% improvement compared to a net loss of HKD 12,782,000 in the prior year[12]. - The gross profit margin decreased to 30.0% from 58.9%, reflecting a 49.1% decline[12]. - Total assets decreased by 34.9% to HKD 27,151,000 from HKD 41,720,000[12]. - The company's cash and cash equivalents increased by 87.7% to HKD 11,494,000 from HKD 6,123,000[12]. - Operating expenses were approximately HKD 14,065,000, a 19.2% reduction from HKD 17,408,000 in the previous year[17]. - Revenue contributions included approximately HKD 11,620,000 (28.3%) from fintech resource services and HKD 14,010,000 (34.1%) from professional services[17]. - The revenue from the support services segment was approximately HKD 25,630,000, an increase of 170.8% from HKD 9,465,000 in the previous year[23]. - The total employee cost for the year was approximately HKD 7,029,000, a decrease from HKD 9,633,000 in the previous year[45]. Future Outlook - The company aims to expand its product lines and service offerings into new sectors and financial industries in 2025[8]. - The management expresses cautious optimism for 2025, anticipating a recovery in the Hong Kong economy and increased investment in IT infrastructure by financial institutions[8]. - The group anticipates a gradual recovery of the Hong Kong economy by 2025, maintaining an optimistic outlook for the financial market[21]. - The company expects to enhance operational efficiency and drive revenue growth as its primary goal for 2025[47]. Employee and Workforce Management - The company employed 16 staff in Hong Kong as of November 30, 2024, down from 18 in the previous year[45]. - Employee costs (excluding director remuneration) totaled approximately HKD 7,029,000, a decrease of 27.0% from HKD 9,633,000 in the previous year[19]. - The employee turnover rate for the year was 59%, an increase from 43% in 2023[131]. - The turnover rate for female employees rose significantly to 80% in 2024 from 31% in 2023[131]. - The group offers a minimum of 7 days of annual leave and additional leave types, promoting a competitive benefits package[132]. - The group emphasizes a fair recruitment process, prioritizing internal promotions before external hiring[130]. - The group has a zero-tolerance policy towards workplace harassment, ensuring a respectful work environment[133]. - The group provides flexible leave arrangements and medical insurance to support employee health and safety[136]. Environmental, Social, and Governance (ESG) Initiatives - The group is committed to sustainable development and has implemented significant measures related to environmental protection and community investment[98]. - The company has achieved a 46.72% reduction in total greenhouse gas emissions from fiscal year 2023 to fiscal year 2024, maintaining or lowering emissions density per employee[110]. - The total greenhouse gas emissions for fiscal year 2024 amounted to 18.62 tons of CO2 equivalent, down from 34.95 tons in fiscal year 2023[111]. - The company actively monitors climate change regulations and global trends to avoid cost increases and has implemented energy-saving measures[102]. - The company focuses on reducing resource usage across all operational aspects to protect the environment, particularly in energy and paper consumption[106]. - The total amount of non-hazardous waste generated in 2024 was 103.75 kg, a 70% reduction from 353.97 kg in 2023[113]. - The company is committed to integrating sustainability into its business operations and fulfilling its corporate responsibilities[99]. Corporate Governance - The board believes that corporate governance is a crucial element for the company's success and has adopted measures to maintain high standards of governance[169]. - The board consists of two executive directors and three independent non-executive directors, all of whom have confirmed their independence[174]. - The company has not established an internal audit function since its listing in 2000, but believes its current organizational structure provides sufficient risk management[172]. - The management provides quarterly financial reports to the board, detailing the company's performance and financial status[171]. - The company plans to hold three regular board meetings annually, with additional special meetings as necessary[176]. - The nomination committee adopted a board diversity policy in 2014, which was reviewed in the 2024 reporting year[178]. - The board ensures that newly appointed directors understand the group's operations and their responsibilities under applicable laws and regulations[187]. Compliance and Risk Management - The company has not discovered any serious violations of laws regarding bribery, extortion, fraud, and money laundering this year, with no corruption lawsuits filed against the company or its employees[156]. - The company has established policies to prevent bribery and corruption, ensuring that any benefits received during business operations comply with established policies and require prior written approval[153]. - The company has implemented a whistleblowing mechanism to encourage open communication and prompt reporting of any concerns by employees[158]. - The company provides ongoing training for directors on compliance with listing rules and regulatory developments to ensure adherence to relevant regulations[157].

Financial Performance - Total revenue for the year ended November 30, 2024, was HKD 41,068,000, representing a 56.6% increase from HKD 26,203,000 in 2023[6] - Gross profit decreased to HKD 12,335,000 from HKD 15,429,000, a decline of 20.5%[6] - Operating loss improved to HKD 6,400,000 from HKD 11,466,000, a reduction of 44.5%[6] - Loss before tax decreased to HKD 7,829,000 from HKD 12,773,000, a decrease of 38.3%[6] - Basic loss per share improved to HKD 1.58 from HKD 2.69, a reduction of 41.3%[6] - The group reported a loss of approximately HKD 7,829,000 for the year ending November 30, 2024[12] - The company reported a pre-tax loss of HKD 7,829,000 in 2024, an improvement from a loss of HKD 12,773,000 in 2023[22] - The net loss for the year was approximately HKD 7,829,000, an improvement from a net loss of HKD 12,782,000 in the previous year[51] Assets and Liabilities - Total assets decreased to HKD 27,151,000 from HKD 41,720,000, a decline of 34.8%[7] - Total liabilities decreased to HKD 26,578,000 from HKD 33,545,000, a reduction of 20.7%[7] - As of November 30, 2024, the group's net current liabilities amounted to approximately HKD 292,000, indicating significant uncertainty regarding the group's ability to continue as a going concern[12] - The company’s equity attributable to owners decreased to HKD 646,000 from HKD 8,175,000, a decline of 92.1%[7] - The group reported a loss of approximately HKD 7,829,000 for the year ending November 30, 2024, indicating significant uncertainty regarding its ability to continue as a going concern[71] - The group's net current liabilities amounted to approximately HKD 292,000 as of November 30, 2024, raising concerns about its financial stability[71] Cash Flow and Financial Support - Cash and cash equivalents increased to HKD 11,494,000 from HKD 6,123,000, an increase of 88.9%[7] - The group has received a financial support letter from Active Investments Capital Limited, agreeing not to demand repayment of approximately HKD 15,500,000 due on June 1, 2025, until the group is able to repay[16] - The board believes that the group will have sufficient working capital to meet its financial obligations for the next twelve months, considering planned measures[14] Revenue Segments - The group operates two business segments: Financial Solutions and Support Services, with distinct risks and returns associated with each segment[21] - The financial solutions segment generated revenue of HKD 15,438,000 in 2024, down 7.7% from HKD 16,738,000 in 2023[22] - The support services segment saw revenue rise to HKD 25,630,000 in 2024, up 170.5% from HKD 9,465,000 in 2023[22] - Revenue sources included approximately HKD 2,931,000 (7.1%) from software licensing and related services, HKD 11,009,000 (26.8%) from maintenance services, and HKD 14,010,000 (34.1%) from professional services[51] Operational Efficiency and Cost Control - The group is implementing stricter cost control measures to improve operational efficiency and enhance future cash flow from operations[16] - Operating expenses for the year were approximately HKD 14,065,000, a decrease of 19.2% compared to HKD 17,408,000 in the previous year[51] - The company is committed to improving operational efficiency and driving revenue growth as its primary objectives for 2025[62] Future Outlook and Strategy - The company plans to continue focusing on expanding its support services segment, which has shown significant growth[22] - The company anticipates continued strong performance from regulatory technology solutions and related services, contributing positively to the group's results as it approaches 2025[56] - The company plans to enhance its product and service offerings to assist clients with compliance matters, capitalizing on the growing market demand[56] - The board expects that efforts in developing new products and marketing will yield benefits in the upcoming year[62] - The company aims to optimize its business portfolio and explore profitable business opportunities, including financial-related services, to maximize shareholder value and sustainable growth[63] Credit and Receivables - The expected credit loss provision for trade receivables increased to HKD 15,007,000 in 2024 from HKD 11,793,000 in 2023, representing a rise of about 27.5%[40] - The total trade receivables for 2024 amount to HKD 22,287,000, down from HKD 38,845,000 in 2023, indicating a decrease of about 42.5%[40] - The net trade receivables after expected credit loss provisions are HKD 7,280,000 for 2024, compared to HKD 27,052,000 in 2023, a decline of approximately 73.0%[40] - The company confirmed a provision for expected credit losses on trade receivables of approximately HKD 3,214,000, down from HKD 7,474,000 in the previous year[53] Legal and Compliance - The company has no significant contingent liabilities as of November 30, 2024, maintaining a stable financial position[59] - The company has no major litigation as of November 30, 2024, indicating a favorable legal standing[61] Governance and Oversight - The audit committee held three meetings during the 2024 reporting year to review the company's reports and accounts, providing recommendations to the board[70]

Financial Performance - The company reported a net loss of approximately HKD 5,165,000 for the six months ended May 31, 2024, compared to a net loss of approximately HKD 2,096,000 for the same period in 2023[13]. - The unaudited net loss for the same period was approximately HKD 5,165,000, an increase of 146.4% from HKD 2,096,000 in the previous year, primarily due to reduced gross profit and increased operating expenses[20]. - The group reported a loss before tax of HKD 5,165,000, compared to a loss of HKD 2,096,000 in the previous year[56]. - The unaudited basic loss per share for the six months ended May 31, 2024, was HKD 1.09, compared to HKD 0.44 for the same period in 2023[43]. Revenue and Sales - For the six months ended May 31, 2024, the group recorded unaudited revenue of approximately HKD 12,850,000, a decrease of 3.8% compared to HKD 13,364,000 in the same period last year[20]. - Revenue breakdown includes approximately HKD 1,675,000 (13%) from software licensing, HKD 5,659,000 (44%) from maintenance services, HKD 18,000 (0.2%) from hardware sales, and HKD 5,498,000 (42.8%) from fintech resource services[20]. - The group experienced a 20.8% increase in unaudited revenue from fintech resources, rising from HKD 4,553,000 in the previous year to HKD 5,498,000[20]. - Revenue from financial solutions was HKD 7,352,000, down from HKD 8,811,000, while revenue from fintech resources increased by 20.8% to HKD 5,498,000 from HKD 4,553,000[56][57]. Assets and Liabilities - Total assets for the financial solutions segment decreased from HKD 44,605,000 in 2023 to HKD 24,164,000 in 2024, representing a decline of 45.8%[2]. - Total liabilities for the financial solutions segment decreased from HKD 20,035,000 in 2023 to HKD 12,005,000 in 2024, a reduction of 40.1%[3]. - The total assets as of May 31, 2024, were HKD 30,120,000, a decrease from HKD 41,720,000 as of November 30, 2023[44]. - The total liabilities as of May 31, 2024, were HKD 27,110,000, down from HKD 33,545,000 as of November 30, 2023[45]. Operating Expenses - Operating expenses for the period were approximately HKD 5,863,000, a decrease of 3.6% from HKD 6,079,000 in the previous year, mainly due to reduced sales commissions[21]. - Employee costs totaled approximately HKD 7,108,000, an increase of 42.3% from HKD 4,994,000 in the previous year, attributed to an increase in headcount[34]. - The group’s administrative costs and financing costs have impacted overall profitability, with net financing costs reported at (HKD 4,269,000) compared to (HKD 4,285,000) in the previous year[56]. Cash Flow - The net cash generated from operating activities for the six months ended May 31, 2024, was HKD 7,358,000, significantly up from HKD 1,000,000 for the same period in 2023[47]. - The cash and cash equivalents at the end of May 31, 2024, were HKD 13,258,000, an increase from HKD 6,123,000 at the beginning of the period[47]. Dividends and Shareholder Equity - The company did not declare an interim dividend for the six months ended May 31, 2024, consistent with the previous year[11]. - The company reported a total equity attributable to owners of the company of HKD 3,010,000 as of May 31, 2024, down from HKD 8,175,000 as of November 30, 2023[44]. Staff and Employment - The group employed 35 staff in Hong Kong as of May 31, 2024, compared to 24 staff in the previous year[27]. Regulatory and Compliance - The company has adopted new and revised Hong Kong Financial Reporting Standards effective from December 1, 2023, but these have not had a significant impact on the financial statements[50]. - The company is currently evaluating the impact of new and revised accounting standards that have been issued but are not yet effective[50]. Strategic Initiatives - The group is focusing on enhancing its regulatory technology solutions (FinReg) to assist clients with transaction monitoring and anti-money laundering compliance[78]. - The group aims to leverage technology to improve operational efficiency in response to the growing demand for IT specialists in the fintech sector[57]. - The company aims to enhance its research and development capabilities while improving the quality of its sales and marketing teams to boost sales performance in 2024[80]. - The company recognizes the market potential for regulatory technology solutions and plans to invest more resources to provide tailored solutions to clients[88]. - The company is committed to exploring innovative technology solutions to enhance business performance and meet industry demands[94]. Product Development - The new product "abcWealthConnect" has been successfully launched, providing an asset management platform that enhances efficiency in portfolio construction and performance calculation[85]. - The company is focusing on expanding its product line and enhancing marketing activities to promote new products and services[84]. - The company has made significant progress in improving the OCTOSTP system to meet the technical requirements of the new diversified stock trading platform introduced by the exchange[87]. Meetings and Governance - The audit committee held two meetings during the six-month period ending May 31, 2024, to review the company's reports and financial statements[105]. - The management provided detailed updates on the company's performance, financial condition, and outlook to the board during regular quarterly meetings[109]. - The company did not redeem any listed securities during the six-month period ending May 31, 2024, nor did it purchase or sell any of its listed securities[113].