[Unaudited Condensed Interim Results](index=2&type=section&id=Unaudited%20Condensed%20Interim%20Results) The Group's unaudited condensed interim results for the six months ended June 30, 2025, show a narrowed loss from continuing operations but an overall loss, with total comprehensive income turning significantly positive due to exchange gains [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, Hongqiao Group's loss from continuing operations narrowed, but an overall loss was still recorded, with total comprehensive income turning into a significant gain from a loss in the prior period, primarily due to exchange gains Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (for the six months ended June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | **Continuing operations** | | | | Revenue | 15,487 | 46,054 | | Gross profit | 213 | 12,506 | | Loss before income tax | (40,092) | (44,385) | | Loss for the period | (40,092) | (44,385) | | **Discontinued operations** | | | | Loss for the period | (3,054) | (8,738) | | **Total loss for the period** | (43,146) | (53,123) | | **Total comprehensive income/(loss) for the period** | 489,154 | (710,140) | | **Basic loss per share from continuing and discontinued operations** | (0.27) HK cents | (0.44) HK cents | | **Basic loss per share from continuing operations** | (0.26) HK cents | (0.41) HK cents | | **Basic loss per share from discontinued operations** | (0.01) HK cents | (0.03) HK cents | - Total comprehensive income for the period turned from a **loss of HK$710,140 thousand** in the first half of 2024 to a **gain of HK$489,154 thousand** in the first half of 2025, primarily due to exchange differences of **HK$534,563 thousand** arising from the translation of financial statements of overseas operations[6](index=6&type=chunk) [Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total assets and net assets significantly increased, driven by higher exploration and evaluation asset values and equity growth from share issuance Condensed Consolidated Statement of Financial Position (as of June 30) | Metric | As of June 30, 2025 (HK$ thousand) | As of December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | **Non-current assets** | | | | Exploration and evaluation assets | 6,189,942 | 5,367,781 | | Total non-current assets | 6,259,043 | 5,465,255 | | **Current assets** | | | | Cash and cash equivalents | 410,975 | 65,784 | | Total current assets | 522,492 | 222,166 | | **Current liabilities** | | | | Total current liabilities | 128,478 | 154,630 | | **Net assets** | 4,383,857 | 3,513,948 | | **Total equity** | 4,383,857 | 3,513,948 | - Exploration and evaluation assets increased from **HK$5,367,781 thousand** as of December 31, 2024, to **HK$6,189,942 thousand** as of June 30, 2025, indicating increased investment in mineral resources[7](index=7&type=chunk) - Cash and cash equivalents significantly increased from **HK$65,784 thousand** as of December 31, 2024, to **HK$410,975 thousand** as of June 30, 2025, primarily due to proceeds from share placing[7](index=7&type=chunk)[83](index=83&type=chunk) [Condensed Consolidated Statement of Changes in Equity](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended June 30, 2025, equity attributable to owners of the Company significantly increased due to share placing and currency translation gains, despite recording a loss for the period Condensed Consolidated Statement of Changes in Equity (for the six months ended June 30) | Metric | As at January 1, 2025 (HK$ thousand) | As at June 30, 2025 (HK$ thousand) | | :--- | :--- | :--- | | Total attributable to owners of the Company | 3,559,289 | 4,437,275 | | Non-controlling interests | (45,341) | (53,418) | | Total equity | 3,513,948 | 4,383,857 | | **Key Changes** | | | | Shares issued through placing | 376,000 | | | Loss for the period | (32,562) | | | Currency translation | 534,281 | | - Equity increased by **HK$376,000 thousand** through share placing, comprising **HK$4,700 thousand** in share capital and **HK$371,300 thousand** in share premium, significantly boosting the Company's equity[9](index=9&type=chunk) - Currency translation generated **HK$534,281 thousand** in other comprehensive income, positively impacting equity[9](index=9&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended June 30, 2025, the Group's cash outflow from operating activities decreased, and cash inflow from financing activities significantly increased, leading to a substantial rise in cash and cash equivalents at period-end Condensed Consolidated Statement of Cash Flows (for the six months ended June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Net cash used in operating activities | (9,943) | (18,382) | | Net cash used in investing activities | (5,253) | 18,505 | | Net cash generated from financing activities | 362,156 | (11,861) | | Net increase in cash and cash equivalents | 346,960 | (11,738) | | Cash and cash equivalents at end of period | 410,975 | 151,282 | - Net cash generated from financing activities turned from an **outflow of HK$11,861 thousand** in the first half of 2024 to an **inflow of HK$362,156 thousand** in the first half of 2025, primarily due to **HK$376,000 thousand** cash inflow from share placing[10](index=10&type=chunk) - Net cash used in operating activities decreased from **HK$18,382 thousand** in the first half of 2024 to **HK$9,943 thousand** in the first half of 2025, indicating an improvement in operating cash outflow[10](index=10&type=chunk) [Notes to the Financial Statements](index=8&type=section&id=Notes%20to%20the%20Financial%20Statements) This section provides detailed notes on the Group's financial statements, covering accounting policies, revenue breakdown, segment information, and specific asset and liability details [Basis of Presentation and Changes in Accounting Policies](index=8&type=section&id=1.%20Basis%20of%20Presentation%20and%20Changes%20in%20Accounting%20Policies) These financial statements are prepared in accordance with HKFRS, the Hong Kong Companies Ordinance, and GEM Listing Rules, reviewed by the Audit Committee, with no significant impact from new or revised standards effective January 1, 2025 - These financial statements are unaudited but have been reviewed by the Company's Audit Committee[11](index=11&type=chunk) - New or revised HKFRS accounting standards effective from January 1, 2025, had no significant impact on the Group's accounting policies[12](index=12&type=chunk) [Revenue](index=8&type=section&id=2.%20Revenue) The Group's total revenue significantly decreased from HK$71,447 thousand in the first half of 2024 to HK$22,386 thousand in the first half of 2025, mainly due to a substantial reduction in lithium battery sales from continuing operations and ride-hailing service income from discontinued operations Revenue Composition (for the six months ended June 30) | Business Type | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | **Continuing operations** | | | | Lithium battery sales | 11,600 | 44,666 | | Battery testing service income | 3,887 | 1,388 | | **Discontinued operations** | | | | Ride-hailing services and related income | 6,899 | 25,393 | | **Total Revenue** | 22,386 | 71,447 | - Continuing operations revenue decreased from **HK$46,054 thousand** to **HK$15,487 thousand**, with lithium battery sales revenue decreasing by approximately **74%**[14](index=14&type=chunk)

洪橋集團有限公司 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，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有限公司） （股份代號：8137） 黃永忠先生 董事會會議通告 洪橋集團有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司董事會會議將於 二零二五年八月二十八日，以審閱及批准(其中包括)本公司及其附屬公司截至二零二五年六月 三十日止六個月的未經審核中期業績。 於本公告日期，本公司董事會包括： 執行董事： 徐志豪先生（主席及行政總裁） 許兵先生 陳聖杰先生 顧文婷女士 獨立非執行董事： 王紀偉博士 王寶剛先生 代表董事會 洪橋集團有限公司 徐志豪 主席 香港，二零二五年八月十八日 本公告的資料乃遵照香港聯合交易所有限公司GEM上市規則而刊載，旨在提供本公司的資料。本公司 的董事（「董事」）願就本公告的資料共同及個別地承擔全部責任。各董事在作出一切合理查詢後，確 認就彼等所知及所信，本公告所載資料在各重要方面均屬準確完備，沒有誤導或欺詐成份，且並無遺漏 任何事項， ...

Group 1 - The Hang Seng Index rose by 0.19% and the Hang Seng Tech Index increased by 0.11% during the midday close on August 11 [1] - Lithium mining stocks in Hong Kong showed strong performance, with Ganfeng Lithium rising over 19%, Tianqi Lithium increasing over 15%, and Hongqiao Group gaining over 5% [1]

Group 1 - Tianqi Lithium (09696.HK) increased by 11.41% on August 11 [1] - Ganfeng Lithium (01772.HK) rose by 9.89% on the same day [1] - Hongqiao Group (08137.HK) saw a gain of 7.02% [1] - BYD Electronics (00285.HK) experienced a rise of 4.34% [1] Group 2 - CATL announced on August 11 that the mining license for the Yichun project expired on August 9, leading to a suspension of mining operations [1] - The company is in the process of applying for the renewal of the mining license according to relevant regulations [1]

Core Viewpoint - Hongqiao Group (08137) has entered a non-binding strategic cooperation memorandum with Dongfang Yilin Industrial Co., Ltd. to explore financialization paths for precious timber assets, specifically focusing on Hainan Huanghuali timber as the underlying asset [1] Group 1 - The cooperation aims to promote the industrialization of ecological resources and the capitalization of ecological industries, creating a green economic closed loop that integrates precious timber resources, finance, and blockchain technology [1] - The partnership is expected to activate a trillion-level timber rights trading market and serve as a benchmark case for the reform of China's timber rights system, contributing to rural revitalization and common prosperity [1] - Hainan Huanghuali is recognized as one of the world's top five precious woods, possessing scarcity, growth potential, and high value attributes, aligning with the company's focus on resilient and stable investment opportunities [1]

Core Viewpoint - Hongqiao Group (08137) has entered into a non-binding strategic cooperation memorandum with Dongfang Yilin Industrial Co., Ltd. to explore financialization paths for precious timber assets, specifically focusing on Hainan Huanghuali timber as the underlying asset [1] Group 1: Strategic Cooperation - The memorandum aims to create a green economic closed loop combining "precious timber industry resources + finance + blockchain" [1] - The collaboration seeks to empower the traditional precious timber industry through deep transformation and upgrading, leveraging technological innovation to drive new productive forces [1] Group 2: Market Potential - The partnership is expected to activate a trillion-level timber rights trading market and establish a benchmark case for China's timber rights system reform [1] - Hainan Huanghuali is recognized as one of the world's top five precious woods, characterized by its scarcity, growth potential, and high value [1] Group 3: Business Focus - The company is focused on resource sector business models and aims to identify investment opportunities that exhibit resilience and stability [1] - The cooperation aligns with the company's exploration of potential business development models and strategic deployment requirements [1]

香 港 交易 及 結 算 所 有限 公 司 及 香港 聯 合 交 易 所有 限 公 司 對 本公 告 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。 洪 橋 集 團 有 限 公 司 （ 於開曼群島註冊成立之有限公司） （股份代號：8137） 賦能傳統產業 — 珍貴林木產業深度轉型升級，以科技創新引領新質生產力 發 展 ，激 活 千 億 級 林權 交 易 市 場， 打 造 中 國 林權 制 度 改 革 標杆 案 例 ， 為中 國農林經濟新形態的形成奠定堅實基礎，促進鄉村振興、共同富裕。 建議合作的原因及裨益 本 集 團專 注 於 資 源 領域 的 業 務 模式 ， 致 力 於 尋找 具 備 抗 跌 性及 穩 定 性 的投 資 機 會。 海 南 黃 花 梨是 世 界 五 大名 木 之 首 ， 具備 的 稀 缺 性 、成 長 性 、 高價 值屬性。建議合作契合本集團探索潛在的業務發展模式及戰略佈署要求。 一般 ...

| 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) | 08137 | 說明 | | | | | | | | | 法定/註冊股份數目 | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 1,000,000,000,000 | HKD | | 0.001 HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | 0 | | HKD | | 0 | | 本月底結存 | | 1,000,000,000,000 | HKD | | 0.001 HKD | | 1,000,000,000 | 本月底法定/註冊股本總額： HKD 1,000,000,000 致：香港交易及結算所有限公司 公司名稱: 洪橋集團有限公司 呈交日期: 2025年8月4日 I. 法定/註冊股本變動 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 | | | 第 1 頁 共 10 頁 v ...

（股份代號 : 8137） 開拓 新視野 擁抱變革： 重新定義 我們的業務 年報 Annual Report 2024 年報 HONBRIDGE HOLDINGS LIMITED 洪橋集團有限公司 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 他在主板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 等公司的潛在風險，並應經過審慎周詳的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聯交所對本年報的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本報告全部或任何部 分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本報告載有遵照聯交所《GEM證券上市規則》（「GEM上市規則」）規定提供 的詳情，旨在提供有關洪橋集團有限公司（「本公司」）的資料，而本公司董 事（「董事」）願就本報告共同及個別承擔全部責任。董事經作出一切合理查 詢後確認，就彼等所 ...

Financial Performance - For the fiscal year ending December 31, 2024, the total revenue was HKD 126,112,000, a decrease of 44.6% compared to HKD 226,961,000 in 2023[6]. - The gross profit for the year was HKD 34,392,000, down 32.1% from HKD 50,660,000 in the previous year[6]. - The net loss attributable to the company’s owners for continuing operations was HKD 412,879,000, compared to a loss of HKD 98,210,000 in 2023, representing a significant increase in losses[7]. - The total comprehensive loss for the year amounted to HKD 1,481,049,000, compared to a gain of HKD 236,555,000 in the previous year, indicating a substantial decline in overall performance[7]. - The company reported a loss attributable to owners of HKD 1,449,914,000 for the year 2024, compared to a profit of HKD 293,857,000 in 2023[8]. - Basic and diluted loss per share for continuing and discontinued operations was HKD (4.23) for 2024, compared to HKD (1.09) for 2023[8]. - The company reported a net loss before tax for continuing operations increased to HKD 412,879,000 in 2024 compared to HKD 106,519,000 in 2023, indicating a significant increase in losses[38]. - The company recorded a net loss of approximately HKD 441,300,000 for the year, compared to a loss of HKD 158,800,000 in the previous year[94]. Revenue Breakdown - Revenue from lithium battery sales decreased to HKD 74,591 thousand in 2024 from HKD 158,045 thousand in 2023, representing a decline of approximately 52.8%[24]. - Battery testing service revenue fell to HKD 2,953 thousand in 2024 from HKD 15,870 thousand in 2023, a decrease of about 81.4%[24]. - Total customer contract revenue for continuing operations was HKD 108,406 thousand in 2024, down from HKD 215,412 thousand in 2023, reflecting a decline of approximately 49.7%[24]. - The reported segment revenue for lithium battery production was HKD 77,544 thousand, while the ride-hailing and related services segment generated HKD 48,568 thousand in 2024[29]. - The lithium battery division recorded revenue of approximately HKD 77,500,000 for the year ended December 31, 2024, a decrease of about 55.4% compared to the previous year's revenue of HKD 173,900,000[62]. - Caocao contributed approximately HKD 48,600,000 in revenue for the year ended December 31, 2024, down from HKD 53,000,000 in 2023[64]. Expenses and Costs - Administrative expenses decreased to HKD 76,644,000 from HKD 106,143,000, reflecting a reduction of 27.8%[6]. - Financial costs increased slightly to HKD 10,065,000 from HKD 9,447,000, indicating a rise of 6.5%[6]. - Research and development costs for continuing operations decreased to HKD 8,032,000 in 2024 from HKD 20,126,000 in 2023, a reduction of approximately 60%[32]. - Employee benefits costs for the year ended 2024 decreased to HKD 58.1 million from HKD 82 million for the year ended 2023, primarily due to a reduction in employee numbers in China and France[107]. Asset and Liability Changes - Non-current assets decreased from HKD 7,600,756,000 in 2023 to HKD 5,465,255,000 in 2024, a decline of approximately 28.1%[9]. - Current assets also decreased from HKD 355,326,000 in 2023 to HKD 222,166,000 in 2024, representing a decrease of about 37.4%[9]. - Total liabilities decreased from HKD 2,672,308,000 in 2023 to HKD 2,018,843,000 in 2024, a reduction of approximately 24.4%[10]. - The company's net asset value decreased from HKD 4,973,979,000 in 2023 to HKD 3,513,948,000 in 2024, reflecting a decline of about 29.4%[10]. - Cash and cash equivalents decreased significantly from HKD 166,953,000 in 2023 to HKD 65,784,000 in 2024, a drop of approximately 60.7%[9]. - The company's equity attributable to owners decreased from HKD 4,988,185,000 in 2023 to HKD 3,559,289,000 in 2024, a decline of approximately 28.7%[10]. - The company reported a significant increase in accounts payable from HKD 72,044,000 in 2023 to HKD 38,500,000 in 2024, indicating a decrease of about 46.5%[9]. - The provision for impairment losses on accounts receivable increased to HKD 794,000 in 2024 from HKD 373,000 in 2023, indicating a rise in expected credit losses[45]. Impairment and Losses - The company reported an impairment loss on exploration and evaluation assets of HKD 534,169,000, which was not present in the previous fiscal year[6]. - The company recognized impairment losses of HKD 534,169 thousand for exploration and evaluation assets in 2024[29]. - The impairment loss for the year included a total of HKD 534.2 million, net of deferred tax assets of HKD 181.6 million[99]. - The company recognized impairment losses of HKD 23,851,000 on investments in associates, reflecting a significant increase from HKD 896,000 in the previous year[47]. - The carrying value of exploration and evaluation assets decreased to HKD 5,367,781,000 in 2024 from HKD 7,467,157,000 in 2023, reflecting a significant impairment loss of HKD 534,169,000[42]. Strategic Initiatives and Future Plans - The company plans to focus on market expansion and new product development as part of its future strategy[6]. - The company is actively pursuing environmental assessments for its Brazilian iron ore project and exploring new sustainable business opportunities[113]. - The company aims to strengthen its internal management and improve operational efficiency and risk management capabilities[112]. - The company is committed to becoming a trusted green mineral resource supplier, contributing to sustainable development[113]. - The company is collaborating closely with its indirect controlling shareholder, Geely Technology Group, to explore new development opportunities[114]. - The company is focusing on divesting projects that do not align with its vision and establishing a clearer business model[113]. Compliance and Governance - The audit committee has reviewed the group's performance announcement for the year ending 2024 and confirmed compliance with applicable accounting standards[119]. - The company emphasizes high standards of corporate governance, focusing on accountability and transparency[115]. - The company has adopted the GEM listing rules regarding directors' trading standards and confirmed compliance for the year ending 2024[117]. - The group has been focusing on reducing scale and simplifying operations at Shandong Hengyuan New Energy since 2023[60].