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10月31日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 港銀控股有限公司 | | | | 呈交日期: | 2025年11月6日 | | | | I. 法定/註冊股本變動 不適用 | | | | | 備註： | | | | | 港銀控股有限公司並無法定股本及/或其股本中並無股份面值。 | | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 08162 | 說明 | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月 ...

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: | 港銀控股有限公司 | | | | 呈交日期: | 2025年10月8日 | | | | I. 法定/註冊股本變動 不適用 | | | | | 備註： | | | | | 港銀控股有限公司並無法定股本及/或其股本中並無股份面值。 | | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 08162 | 說明 | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底 ...

Loco Hong Kong Holdings Limited 港銀控股有限公司 (Incorporated in Hong Kong with limited liability) （於香港註冊成立的有限公司） （Stock Code 股份代號：8162） NOTIFICATION LETTER 通 知 信 函 Dear Non-registered Shareholder (Note 1) , 5 September 2025 The following document(s) of Loco Hong Kong Holdings Limited (the "Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.locohkholdings.com and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively the "Websites"): ...

Loco Hong Kong Holdings Limited 港銀控股有限公司 (Incorporated in Hong Kong with limited liability) （於香港註冊成立的有限公司） （Stock Code 股份代號：8162） NOTIFICATION LETTER 通知信函 Dear Shareholder(s), 5 September 2025 The following document(s) of Loco Hong Kong Holdings Limited (the "Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.locohkholdings.com and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively the "Websites"):- • Interim Report 2025 I ...

[Characteristics of GEM](index=2&type=section&id=GEM%E4%B9%8B%E7%89%B9%E8%89%B2) The GEM market targets small and medium-sized companies, entailing higher investment risks, potential volatility, and no guaranteed liquidity - The GEM market is positioned for small and medium-sized companies, implying **higher investment risks**, **potential market volatility**, and **no guarantee of high liquidity**[2](index=2&type=chunk)[3](index=3&type=chunk)[7](index=7&type=chunk) - Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited are not responsible for the report's content, do not guarantee its accuracy or completeness, and disclaim liability for any losses[4](index=4&type=chunk)[7](index=7&type=chunk) - The directors assume full responsibility for the report's content, confirming the information is **accurate, complete, and not misleading**[5](index=5&type=chunk)[7](index=7&type=chunk) [Corporate Information](index=3&type=section&id=Corporate%20Information) This section provides an overview of the company's board members, committee structures, and other essential corporate details [Directors](index=3&type=section&id=Directors) This section lists the company's executive and independent non-executive directors, including the Chairman and CEO - Executive Directors: Mr. Zhang Siyuan (Chairman), Mr. Wang Wendong (Chief Executive Officer), and Mr. Fung Chi Kin[9](index=9&type=chunk)[10](index=10&type=chunk) - Independent Non-executive Directors: Ms. Ng Lai Yin, Mr. Yeung Chun Wah, and Mr. Tian Yuan[9](index=9&type=chunk)[10](index=10&type=chunk) [Committee Composition](index=3&type=section&id=Committee%20Composition) This section details the composition and chairpersons of the Audit, Executive, Remuneration, and Nomination Committees - Audit Committee Chairperson: Ms. Ng Lai Yin[9](index=9&type=chunk)[10](index=10&type=chunk) - Executive Committee Chairperson: Mr. Zhang Siyuan[9](index=9&type=chunk)[10](index=10&type=chunk) - Remuneration Committee Chairperson: Ms. Ng Lai Yin[10](index=10&type=chunk) - Nomination Committee Chairperson: Mr. Zhang Siyuan[10](index=10&type=chunk) [Other Corporate Details](index=4&type=section&id=Other%20Corporate%20Details) This section provides essential corporate contact and registration details, including auditor, share registrar, and website - Auditor: BDO Limited[11](index=11&type=chunk)[12](index=12&type=chunk) - Stock Code: **8162**[11](index=11&type=chunk)[12](index=12&type=chunk) - Company Website: www.locohkholdings.com[11](index=11&type=chunk)[12](index=12&type=chunk) [Notes on Director Changes](index=4&type=section&id=Notes%20on%20Director%20Changes) This section outlines director appointments and resignations, with changes effective from April and July 2025 - Mr. Yeung Chun Wah was appointed as an Independent Non-executive Director and Audit Committee member on April 3, 2025, and as a Nomination Committee member on July 2, 2025[14](index=14&type=chunk) - Mr. Tian Yuan was appointed as an Independent Non-executive Director and a member of several committees on July 2, 2025[14](index=14&type=chunk) - Ms. Ng Lai Yin was appointed as the Chairperson of the Audit Committee on April 3, 2025[14](index=14&type=chunk) - Ms. Wong Chui Shan and Mr. Chow Tin Shu resigned as Independent Non-executive Directors on April 3, 2025, and July 2, 2025, respectively[14](index=14&type=chunk) [Condensed Consolidated Financial Statements](index=5&type=section&id=Condensed%20Consolidated%20Financial%20Statements) This section presents the company's condensed consolidated financial performance, position, equity changes, and cash flows for the reporting period [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) The company reported significant growth in revenue and profit for the period, primarily driven by robust performance in its metal sales business Key Data from Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income for the Six Months Ended June 30, 2025 | Metric | H1 2025 (HK$'000) | H1 2024 (HK$'000) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 10,166,072 | 8,451,583 | +20.3% | | - Sales of metals | 10,150,481 | 8,437,963 | +20.3% | | - Education management services | 15,591 | 13,620 | +14.5% | | Other income | 3,396 | 30 | +11220% | | Profit before income tax expense | 24,729 | 9,411 | +162.8% | | Income tax expense | (7,351) | (4,643) | +58.3% | | Profit for the period | 17,378 | 4,768 | +264.5% | | Profit for the period attributable to owners of the Company | 17,378 | 4,768 | +264.5% | | Basic and diluted earnings per share (HK Cents) | 1.78 | 0.58 | +206.9% | [Condensed Consolidated Statement of Financial Position](index=8&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the company's net assets significantly increased, driven by higher equity and reserves, alongside a notable rise in net current assets Key Data from Condensed Consolidated Statement of Financial Position as of June 30, 2025 | Metric | June 30, 2025 (HK$'000) | Dec 31, 2024 (HK$'000) | Change (HK$'000) | | :--- | :--- | :--- | :--- | | Non-current assets | 7,224 | 7,862 | (638) | | Current assets | 3,140,823 | 958,564 | +2,182,259 | | - Inventories | 338 | 291 | +47 | | - Trade and other receivables and prepayments | 2,806,551 | 937,010 | +1,869,541 | | - Cash and cash equivalents | 333,934 | 21,263 | +312,671 | | Current liabilities | 2,974,883 | 891,410 | +2,083,473 | | - Trade and other payables and accruals | 2,958,134 | 823,602 | +2,134,532 | | - Loans | – | 26,052 | (26,052) | | Net current assets | 165,940 | 67,154 | +98,786 | | Net assets | 168,726 | 70,375 | +98,351 | | Share capital | 267,171 | 188,348 | +78,823 | | Reserves | (98,445) | (117,973) | +19,528 | | Total equity | 168,726 | 70,375 | +98,351 | [Condensed Consolidated Statement of Changes in Equity](index=10&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) As of June 30, 2025, the company's total equity significantly increased, primarily due to profit for the period and new share issuance Key Data from Condensed Consolidated Statement of Changes in Equity as of June 30, 2025 | Metric | June 30, 2025 (HK$'000) | Jan 1, 2024 (HK$'000) | Change (HK$'000) | | :--- | :--- | :--- | :--- | | Share capital | 267,171 | 188,348 | +78,823 | | Reserves | (98,445) | (147,474) | +49,029 | | Equity attributable to owners of the Company | 168,726 | 39,964 | +128,762 | | Profit for the period | 17,378 | 4,768 | +12,610 | | Exchange differences arising from translation of overseas operations | 2,150 | (1,058) | +3,208 | | New shares issued by placing | 79,623 | – | +79,623 | | Transaction costs attributable to share issue | (800) | – | (800) | [Condensed Consolidated Statement of Cash Flows](index=11&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) During the reporting period, the company's operating cash flow turned positive, investment cash flow remained a small net inflow, and financing cash flow was influenced by new share issuance and loan repayments, leading to a substantial increase in cash and cash equivalents at period-end Key Data from Condensed Consolidated Statement of Cash Flows for the Six Months Ended June 30, 2025 | Metric | H1 2025 (HK$'000) | H1 2024 (HK$'000) | Change (HK$'000) | | :--- | :--- | :--- | :--- | | Net cash from operating activities | 261,095 | (4,199) | +265,294 | | Net cash from investing activities | 756 | 11 | +745 | | Net cash from financing activities | 51,315 | 54,802 | (3,487) | | Net increase in cash and cash equivalents | 313,166 | 50,614 | +262,552 | | Cash and cash equivalents at end of period | 333,934 | 66,987 | +266,947 | [Notes to the Condensed Consolidated Financial Statements](index=13&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed explanations and disclosures supporting the condensed consolidated financial statements [General Information](index=13&type=section&id=General%20Information) The company is a Hong Kong-registered investment holding company primarily engaged in metal business, education management services, and money lending services, with interim financial statements approved for publication on August 29, 2025 - The company's principal businesses include metal business, education management services business, and money lending services business[24](index=24&type=chunk)[29](index=29&type=chunk) - The interim financial statements are unaudited and were approved and authorized for issue by the directors on August 29, 2025[25](index=25&type=chunk)[29](index=29&type=chunk) [Basis of Preparation and Accounting Policies](index=13&type=section&id=Basis%20of%20Preparation%20and%20Accounting%20Policies) The financial statements are prepared in accordance with HKAS 34 and GEM Listing Rules, applying the same accounting policies as the 2024 annual financial statements, with no significant impact from new standards or interpretations - The financial statements are prepared in accordance with Hong Kong Accounting Standard 34 and the GEM Listing Rules[26](index=26&type=chunk)[30](index=30&type=chunk) - The accounting policies adopted are consistent with those used in the 2024 annual financial statements, and new standards or amendments have no significant impact on the amounts or disclosures in these statements[31](index=31&type=chunk)[34](index=34&type=chunk) - The interim financial statements are unaudited but have been reviewed by the Audit Committee[32](index=32&type=chunk)[34](index=34&type=chunk) [Use of Judgements and Estimates](index=15&type=section&id=Use%20of%20Judgements%20and%20Estimates) The significant judgments and estimates used in preparing these interim financial statements are consistent with those applied in the 2024 annual financial statements - The significant judgments made by management in applying the accounting policies and the key sources of estimation uncertainty are the same as those applied in the 2024 annual financial statements[35](index=35&type=chunk)[37](index=37&type=chunk) [Segment Information](index=15&type=section&id=Segment%20Information) The company's operations are divided into three reportable segments: metal business, education management services, and money lending services, each managed independently, with both metal business and education management services showing revenue growth, while money lending services recorded no revenue - The Group's operations are divided into three reportable segments: metal business, education management services, and money lending services, based on reports reviewed by the executive directors[36](index=36&type=chunk)[38](index=38&type=chunk) Reportable Segment Revenue and Profit/(Loss) for the Six Months Ended June 30, 2025 | Segment | H1 2025 Revenue (HK$'000) | H1 2024 Revenue (HK$'000) | Y-o-Y Revenue Change (%) | H1 2025 Profit/(Loss) (HK$'000) | H1 2024 Profit/(Loss) (HK$'000) | Y-o-Y Profit Change (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Metal Business | 10,150,481 | 8,437,963 | +20.3% | 22,325 | 12,285 | +81.7% | | Education Management Services | 15,591 | 13,620 | +14.5% | 12,249 | 9,895 | +23.8% | | Money Lending Services | – | – | N/A | (75) | (73) | +2.7% | | **Total** | **10,166,072** | **8,451,583** | **+20.3%** | **34,499** | **22,107** | **+56.0%** | Revenue by Major Geographical Market for the Six Months Ended June 30, 2025 | Geographical Market | H1 2025 Revenue (HK$'000) | H1 2024 Revenue (HK$'000) | | :--- | :--- | :--- | | Hong Kong | 2,165,271 | 1,050,711 | | Mainland China | 21,936 | 21,479 | | Singapore | 7,866,890 | 7,272,448 | | United Kingdom | 111,975 | 106,945 | | **Total** | **10,166,072** | **8,451,583** | - Revenue recognized over time amounted to **HK$15,591 thousand** (primarily education management services), while revenue recognized at a point in time amounted to **HK$10,150,481 thousand** (primarily metal business)[46](index=46&type=chunk) [Finance Costs](index=19&type=section&id=Finance%20Costs) For the six months ended June 30, 2025, the company's finance costs significantly decreased to HK$131 thousand from HK$413 thousand in the prior year Finance Costs for the Six Months Ended June 30, 2025 | Finance Cost | H1 2025 (HK$'000) | H1 2024 (HK$'000) | Y-o-Y Change (HK$'000) | | :--- | :--- | :--- | :--- | | Interest expense on loans | 38 | 285 | (247) | | Interest expense on lease liabilities | 93 | 128 | (35) | | **Total** | **131** | **413** | **(282)** | [Income Tax Expense](index=20&type=section&id=Income%20Tax%20Expense) For the six months ended June 30, 2025, income tax expense increased to HK$7,351 thousand, primarily comprising current and deferred tax Income Tax Expense for the Six Months Ended June 30, 2025 | Income Tax Type | H1 2025 (HK$'000) | H1 2024 (HK$'000) | | :--- | :--- | :--- | | Current tax | 6,886 | 4,643 | | Deferred tax | 465 | – | | **Total Income Tax Expense** | **7,351** | **4,643** | - Hong Kong profits tax rate is **16.5%**, with the first **HK$2 million** of assessable profits taxed at **8.25%**; Mainland China subsidiaries are taxed at **25%**[51](index=51&type=chunk)[52](index=52&type=chunk)[54](index=54&type=chunk) [Dividends](index=20&type=section&id=Dividends) The Board of Directors does not recommend the payment of any interim dividend for the six months ended June 30, 2025 - The Board of Directors does not recommend the payment of any dividend for the six months ended June 30, 2025 (2024: nil)[53](index=53&type=chunk)[54](index=54&type=chunk) [Earning Per Share](index=21&type=section&id=Earning%20Per%20Share) For the six months ended June 30, 2025, basic and diluted earnings per share significantly increased to **1.78 HK Cents** from **0.58 HK Cents** in the prior year Earnings Per Share for the Six Months Ended June 30, 2025 | Metric | H1 2025 | H1 2024 | | :--- | :--- | :--- | | Profit attributable to owners of the Company (HK$'000) | 17,378 | 4,768 | | Weighted average number of ordinary shares (thousand shares) | 974,206 | 829,404 | | **Basic and Diluted Earnings Per Share (HK Cents)** | **1.78** | **0.58** | - For the six months ended June 30, 2025, diluted earnings per share were the same as basic earnings per share due to the absence of dilutive shares outstanding[58](index=58&type=chunk)[59](index=59&type=chunk) [Trade and Other Receivables and Prepayments](index=22&type=section&id=Trade%20and%20Other%20Receivables%20and%20Prepayments) As of June 30, 2025, net trade and other receivables and prepayments significantly increased to **HK$2,806,551 thousand**, primarily driven by trade receivables Trade and Other Receivables and Prepayments as of June 30, 2025 | Metric | June 30, 2025 (HK$'000) | Dec 31, 2024 (HK$'000) | Change (HK$'000) | | :--- | :--- | :--- | :--- | | Trade receivables – net | 2,697,083 | 868,108 | +1,828,975 | | Other receivables and deposits – net | 69,434 | 27,035 | +42,399 | | Prepayments | 40,034 | 41,867 | (1,833) | | **Total** | **2,806,551** | **937,010** | **+1,869,541** | - The credit period granted to customers generally ranges from **1 to 3 months**[63](index=63&type=chunk)[64](index=64&type=chunk) Ageing Analysis of Trade Receivables as of June 30, 2025 | Ageing | June 30, 2025 (HK$'000) | Dec 31, 2024 (HK$'000) | | :--- | :--- | :--- | | 0 – 30 days | 2,648,686 | 859,777 | | 31 – 90 days | 48,397 | 7,082 | | 91 – 180 days | – | 1,249 | [Trade and Other Payables and Accruals](index=23&type=section&id=Trade%20and%20Other%20Payables%20and%20Accruals) As of June 30, 2025, total trade and other payables and accruals significantly increased to **HK$2,958,134 thousand**, primarily driven by trade payables Trade and Other Payables and Accruals as of June 30, 2025 | Metric | June 30, 2025 (HK$'000) | Dec 31, 2024 (HK$'000) | Change (HK$'000) | | :--- | :--- | :--- | :--- | | Trade payables | 2,945,424 | 818,541 | +2,126,883 | | Other payables and accruals | 12,710 | 5,061 | +7,649 | | **Total** | **2,958,134** | **823,602** | **+2,134,532** | - The credit period for purchases of goods generally ranges from **1 to 3 months**[69](index=69&type=chunk)[71](index=71&type=chunk) [Related Party Transactions](index=23&type=section&id=Related%20Party%20Transactions) For the six months ended June 30, 2025, the Group had no significant related party transactions other than those disclosed, and remuneration for key management members increased - For the six months ended June 30, 2025, the Group had no significant related party transactions (2024: nil)[70](index=70&type=chunk)[72](index=72&type=chunk) Key Management Personnel Remuneration for the Six Months Ended June 30, 2025 | Remuneration Type | H1 2025 (HK$'000) | H1 2024 (HK$'000) | | :--- | :--- | :--- | | Salaries and short-term employee benefits | 3,474 | 2,904 | | Contributions to retirement benefit schemes | 36 | 36 | | **Total** | **3,510** | **2,940** | [Financial Instruments](index=24&type=section&id=Financial%20Instruments) The company's financial instruments include cash and cash equivalents, receivables, payables, loans, and lease liabilities not measured at fair value, whose carrying amounts approximate fair value, while fair values of financial instruments measured at fair value are determined by market quotes or discounted cash flow analysis - Financial instruments not measured at fair value include cash and cash equivalents, trade and other receivables, loans receivable, trade and other payables and accruals, loans, and lease liabilities, whose carrying amounts approximate their fair values[76](index=76&type=chunk)[80](index=80&type=chunk) - The fair values of financial instruments measured at fair value are determined by reference to market quotations or pricing models based on discounted cash flow analysis[81](index=81&type=chunk) [Management Discussion and Analysis](index=26&type=section&id=Management%20Discussion%20and%20Analysis) This section provides an overview of the company's operational performance, financial position, and future outlook [Business Review](index=26&type=section&id=Business%20Review) In H1 2025, the Group's core businesses (metal and education management services) achieved stable growth, with significant increases in total revenue and net profit, while money lending services recorded no revenue due to risk considerations - In H1 2025, the Group's total revenue was approximately **HK$10,166.1 million**, a **20.3%** year-on-year increase; net profit was approximately **HK$17.4 million**, a substantial **262.5%** year-on-year increase[86](index=86&type=chunk)[87](index=87&type=chunk) - The Group adheres to a "seek progress while maintaining stability" strategy, focusing on its core metal business, deepening customer cooperation networks, strengthening bargaining power, and improving mechanisms for responding to commodity price fluctuations[85](index=85&type=chunk)[87](index=87&type=chunk) [Metal Business](index=27&type=section&id=Metal%20Business) As the Group's core business, the metal business saw revenue grow by **20.3%** to approximately **HK$10,150.5 million** in H1 2025, with segment profit increasing by **81.7%** to approximately **HK$22.3 million**, driven by structural market opportunities and expanded product and client networks Key Financial Data for Metal Business | Metric | H1 2025 (HK$'000) | H1 2024 (HK$'000) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 10,150,481 | 8,437,963 | +20.3% | | Segment profit | 22,325 | 12,285 | +81.7% | - The business covers metal raw materials such as copper, aluminum, nickel, and iron ore, as well as metal consumer goods, continuously reviewing market conditions to diversify product areas and promote business diversification[90](index=90&type=chunk)[93](index=93&type=chunk) - The Group will continue to focus on metal commodity and consumer goods businesses with relatively transparent prices and controllable risks in international and domestic markets, and expand cooperation with large state-owned enterprises and key integrated enterprise clients[97](index=97&type=chunk)[98](index=98&type=chunk)[100](index=100&type=chunk) [Education Management Services Business](index=29&type=section&id=Education%20Management%20Services%20Business) The education management services business has performed well since its launch in 2019, with H1 2025 revenue growing by **14.7%** to approximately **HK$15.6 million**, primarily serving arts and sports education, humanities quality education, and other fields, with clients including training institutions and kindergartens Key Financial Data for Education Management Services Business | Metric | H1 2025 (HK$'000) | H1 2024 (HK$'000) | Y-o-Y Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 15,591 | 13,620 | +14.7% | - Key clients include 9 educational institutions such as arts and sports education training institutions, kindergartens, humanities quality and nature experience education bases, and educational materials and book distributors[102](index=102&type=chunk)[106](index=106&type=chunk)[109](index=109&type=chunk) - Regarding market outlook, the primary market is in Chengdu, Sichuan Province, and the Group will strive to maintain healthy and stable development by closely following policy adjustments and optimizing service content[107](index=107&type=chunk)[110](index=110&type=chunk) [Provision of Money Lending Services](index=30&type=section&id=Provision%20of%20Money%20Lending%20Services) Given increasing global economic uncertainty, the Group believes the credit risk-reward level for money lending services remains unacceptable in the short term, resulting in no revenue recorded for this business segment during the reporting period - For the six months ended June 30, 2025, the money lending services business segment recorded no revenue (H1 2024: nil)[108](index=108&type=chunk)[111](index=111&type=chunk) - The Group believes that the credit risk-reward level in money lending services remains unacceptable in the short term[108](index=108&type=chunk)[111](index=111&type=chunk) [Financial Review](index=31&type=section&id=Financial%20Review) In H1 2025, total revenue increased by **20.3%** year-on-year to approximately **HK$10,166.1 million**, and net profit grew by **262.5%** to approximately **HK$17.4 million**, primarily due to increased revenue, recognition of cost of inventories sold, higher other income, and reduced other operating expenses - Total revenue increased by approximately **HK$1,714.5 million**[117](index=117&type=chunk) - Cost of inventories sold recognized was approximately **HK$10,127.4 million**[117](index=117&type=chunk) - Other income increased by approximately **HK$3.4 million**[117](index=117&type=chunk) - Other operating expenses decreased by approximately **HK$2.4 million**[117](index=117&type=chunk) [Capital Structure, Liquidity and Financial Resources](index=31&type=section&id=Capital%20Structure,%20Liquidity%20and%20Financial%20Resources) As of June 30, 2025, the Group's cash and bank balances significantly increased to approximately **HK$333.9 million**, net current assets rose to approximately **HK$165.9 million**, and the current ratio remained at **1.1 times**, with no outstanding loans, indicating sufficient financial resources Key Data for Capital Structure and Liquidity | Metric | June 30, 2025 (HK$'000) | Dec 31, 2024 (HK$'000) | Change (HK$'000) | | :--- | :--- | :--- | :--- | | Cash and bank balances | 333,934 | 21,263 | +312,671 | | Net current assets | 165,940 | 67,154 | +98,786 | | Current ratio | 1.1 times | 1.1 times | No change | | Outstanding loans | – | 26,052 | (26,052) | - The increase in cash and bank balances was primarily attributable to profit for the period, an increase in trade and other payables, and net proceeds from new share issuance, offset by an increase in trade and other receivables and loan repayments[118](index=118&type=chunk)[125](index=125&type=chunk) - The Group has no outstanding loans and no bank financing, and the directors consider its financial resources to be adequate[119](index=119&type=chunk)[120](index=120&type=chunk)[125](index=125&type=chunk) [Gearing Ratio](index=32&type=section&id=Gearing%20Ratio) As of June 30, 2025, the Group's gearing ratio was zero, a significant decrease from **12.1%** as of December 31, 2024 - As of June 30, 2025, the gearing ratio was **zero** (December 31, 2024: **12.1%**)[121](index=121&type=chunk)[126](index=126&type=chunk) [Charge on the Group's Assets](index=32&type=section&id=Charge%20on%20the%20Group's%20Assets) As of June 30, 2025, the Group had not pledged any assets as security - As of June 30, 2025, the Group had not pledged any assets as security (December 31, 2024: nil)[122](index=122&type=chunk)[127](index=127&type=chunk) [Future Plan for Material Investments and Capital Assets](index=32&type=section&id=Future%20Plan%20for%20Material%20Investments%20and%20Capital%20Assets) As of June 30, 2025, the Group had no specific plans for material investments or capital assets - As of June 30, 2025, the Group had no specific plans for material investments or capital assets[123](index=123&type=chunk)[128](index=128&type=chunk) [Significant Investments, Acquisitions and Disposals](index=32&type=section&id=Significant%20Investments,%20Acquisitions%20and%20Disposals) For the six months ended June 30, 2025, the Group had no significant investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures - For the six months ended June 30, 2025, the Group had no significant investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures[124](index=124&type=chunk)[129](index=129&type=chunk) [Placing of New Shares Under General Mandate](index=33&type=section&id=Placing%20of%20New%20Shares%20Under%20General%20Mandate) The company completed the placing of **165,880,800** new shares on January 24, 2025, raising net proceeds of approximately **HK$78.82 million**, which were fully utilized for repaying shareholder loans and developing the metal business - The company completed the placing of **165,880,800** ordinary shares at **HK$0.48** per share on January 24, 2025[130](index=130&type=chunk)[133](index=133&type=chunk) - The placing price represented a discount of approximately **15.79%** to the closing price on the date of the placing agreement and approximately **8.4%** to the average closing price for the preceding five trading days[131](index=131&type=chunk)[133](index=133&type=chunk) - Net proceeds of approximately **HK$78.82 million** were fully utilized for repaying shareholder loans (**HK$26.052 million**) and developing the metal business (**HK$52.771 million**)[132](index=132&type=chunk)[135](index=135&type=chunk) [Capital Commitment and Capital Expenditure](index=33&type=section&id=Capital%20Commitment%20and%20Capital%20Expenditure) As of June 30, 2025, the Group had no significant capital commitments or capital expenditures - As of June 30, 2025, the Group had no significant capital commitments or capital expenditures (December 31, 2024: nil)[136](index=136&type=chunk)[137](index=137&type=chunk) [Foreign Exchange Exposure](index=34&type=section&id=Foreign%20Exchange%20Exposure) The Group faces foreign exchange risk from USD and RMB, but USD transaction risk is not significant due to the HKD peg to the USD; currently, the Group has no foreign currency hedging policy but monitors and considers hedging significant risks - The Group is exposed to foreign exchange risk from USD and RMB, but USD transaction risk is not significant[139](index=139&type=chunk)[145](index=145&type=chunk) - The Group currently has no foreign currency hedging policy but closely monitors and considers hedging significant foreign currency risks[139](index=139&type=chunk)[145](index=145&type=chunk) [Contingent Liabilities](index=34&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no significant contingent liabilities, guarantees, or material litigation or claims - As of June 30, 2025, the Group had no significant contingent liabilities, guarantees, or any pending or material litigation or claims against any member of the Group[140](index=140&type=chunk)[146](index=146&type=chunk) [Employees and Remuneration Policy](index=34&type=section&id=Employees%20and%20Remuneration%20Policy) As of June 30, 2025, the Group employed **25** staff with total remuneration of approximately **HK$6.2 million**, regularly reviewing its remuneration policy, providing benefits, and discretionarily granting share options and bonuses - As of June 30, 2025, the Group employed **25** staff (December 31, 2024: **24** staff)[141](index=141&type=chunk)[147](index=147&type=chunk) - For the six months ended June 30, 2025, total employee remuneration (including directors' emoluments) was approximately **HK$6.2 million** (H1 2024: approximately **HK$6.0 million**)[141](index=141&type=chunk)[147](index=147&type=chunk) - The Group regularly reviews its remuneration policy, providing benefits such as medical and provident funds in addition to salaries, and may discretionarily grant share options and bonuses[142](index=142&type=chunk)[147](index=147&type=chunk) [Dividends](index=34&type=section&id=Dividends) The Board of Directors does not recommend the payment of an interim dividend for the six months ended June 30, 2025 - The Board of Directors does not recommend the payment of an interim dividend for the six months ended June 30, 2025 (2024: nil)[143](index=143&type=chunk)[148](index=148&type=chunk) [Events After the Reporting Period](index=34&type=section&id=Events%20After%20the%20Reporting%20Period) The Group had no significant events after the reporting period - The Group had no significant events after the reporting period[144](index=144&type=chunk)[149](index=149&type=chunk) [Other Information](index=35&type=section&id=Other%20Information) This section provides additional disclosures regarding directors' and substantial shareholders' interests, share options, corporate governance, and other relevant details [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures](index=35&type=section&id=Directors'%20and%20Chief%20Executive's%20Interests%20and%20Short%20Positions%20in%20Shares,%20Underlying%20Shares%20and%20Debentures) As of June 30, 2025, Executive Director Mr. Zhang Siyuan held **19.39%** of the company's shares through his wholly-owned company, with no directors or chief executives holding short positions - Executive Director Mr. Zhang Siyuan held **192,980,000** ordinary shares, representing approximately **19.39%** of the share capital, through his wholly-owned company FIAS (HONG KONG) CO., LIMITED[153](index=153&type=chunk)[154](index=154&type=chunk) - As of June 30, 2025, no directors or chief executives held short positions in the shares of the Company or its associated corporations[155](index=155&type=chunk) [Substantial Shareholders' Interests and Short Positions in Shares and Underlying Shares](index=36&type=section&id=Substantial%20Shareholders'%20Interests%20and%20Short%20Positions%20in%20Shares%20and%20Underlying%20Shares) As of June 30, 2025, besides the directors, FIAS (HONG KONG) CO., LIMITED, Hon Pok, and Fortune Way Corporation Limited were substantial shareholders, holding **19.39%**, **7.64%**, and **6.95%** of the shares, respectively Substantial Shareholders' Shareholdings as of June 30, 2025 | Name/Entity | Nature of Interest | Number of Ordinary Shares Held (shares) | Approximate Percentage of Shareholding (%) | | :--- | :--- | :--- | :--- | | FIAS (HONG KONG) CO., LIMITED | Beneficial owner | 192,980,000 | 19.39% | | Hon Pok | Beneficial owner | 76,000,000 | 7.64% | | Fortune Way Corporation Limited | Beneficial owner | 69,188,882 | 6.95% | - FIAS (HONG KONG) CO., LIMITED is wholly owned by Executive Director Mr. Zhang Siyuan[158](index=158&type=chunk) [Share Options](index=37&type=section&id=Share%20Options) The company's share option scheme expired on April 9, 2025, and as of June 30, 2025, all granted share options had lapsed, with no share options available for grant - The last exercise date for share options granted under the share option scheme expired on April 9, 2025[161](index=161&type=chunk)[162](index=162&type=chunk) - As of June 30, 2025, all **280,000** share options granted on April 10, 2015, had lapsed, with no outstanding share options[163](index=163&type=chunk) - As of June 30, 2025, the total number of share options available for grant under the share option scheme was **zero** shares[169](index=169&type=chunk)[173](index=173&type=chunk) - The Group did not recognize any employee costs related to share options granted by the company for the six months ended June 30, 2025, and 2024[169](index=169&type=chunk)[173](index=173&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=38&type=section&id=Purchase,%20Sale%20or%20Redemption%20of%20the%20Company's%20Listed%20Securities) For the six months ended June 30, 2025, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities - For the six months ended June 30, 2025, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities[170](index=170&type=chunk)[174](index=174&type=chunk) - As of June 30, 2025, the company held no treasury shares[170](index=170&type=chunk)[174](index=174&type=chunk) [Competition and Conflict of Interest](index=39&type=section&id=Competition%20and%20Conflict%20of%20Interest) For the six months ended June 30, 2025, to the best knowledge of the directors, no directors, management, shareholders, or substantial shareholders and their associates engaged in any business competing or potentially competing with the Group's business, nor were there any other conflicts of interest - For the six months ended June 30, 2025, no directors, management, shareholders, or substantial shareholders or their respective associates engaged in any business directly or indirectly competing or potentially competing with the Group's business, nor were there any other conflicts of interest[175](index=175&type=chunk)[179](index=179&type=chunk) [Corporate Governance](index=39&type=section&id=Corporate%20Governance) For the six months ended June 30, 2025, the company complied with all provisions of the GEM Listing Rules Corporate Governance Code, and its Audit, Remuneration, Nomination, and Executive Committees were properly constituted - The company has complied with all code provisions of Part 2 of Appendix C1 to the GEM Listing Rules Corporate Governance Code[176](index=176&type=chunk)[180](index=180&type=chunk) - The directors have confirmed compliance with the Model Code for Securities Transactions by Directors of Listed Issuers throughout the reporting period[177](index=177&type=chunk)[181](index=181&type=chunk) [Audit Committee](index=39&type=section&id=Audit%20Committee) The Audit Committee, composed of three independent non-executive directors, is responsible for reviewing financial reports, risk management, and internal control systems, and has reviewed this interim report - The Audit Committee comprises three Independent Non-executive Directors: Ms. Ng Lai Yin (Chairperson), Mr. Yeung Chun Wah, and Mr. Tian Yuan[183](index=183&type=chunk)[187](index=187&type=chunk) - Its responsibilities include reviewing drafts of annual, interim, and quarterly reports, providing advice and recommendations to the Board, and reviewing financial reporting procedures, risk management, and internal control systems[178](index=178&type=chunk)[182](index=182&type=chunk) - The Audit Committee has reviewed this interim report, including the unaudited condensed consolidated interim financial statements[183](index=183&type=chunk)[187](index=187&type=chunk) [Remuneration Committee](index=40&type=section&id=Remuneration%20Committee) The Remuneration Committee, comprising one executive director and two independent non-executive directors, primarily advises the Board on the remuneration packages of executive directors and senior management - The Remuneration Committee comprises one Executive Director, Mr. Wang Wendong, and two Independent Non-executive Directors, Ms. Ng Lai Yin (Chairperson) and Mr. Tian Yuan[185](index=185&type=chunk)[188](index=188&type=chunk) - Its primary responsibility is to make recommendations to the Board on the remuneration packages of all executive directors and senior management[184](index=184&type=chunk)[188](index=188&type=chunk) [Nomination Committee](index=40&type=section&id=Nomination%20Committee) The Nomination Committee, composed of two executive directors and three independent non-executive directors, is responsible for director appointments and succession planning, striving for board diversity - The Nomination Committee comprises two Executive Directors, Mr. Zhang Siyuan (Chairman) and Mr. Wang Wendong, and three Independent Non-executive Directors, Ms. Ng Lai Yin, Mr. Yeung Chun Wah, and Mr. Tian Yuan[190](index=190&type=chunk)[195](index=195&type=chunk) - Its primary responsibility is to make recommendations to the Board on director appointments and succession planning, and to ensure a balanced board in terms of skills, experience, and diversity of perspectives[186](index=186&type=chunk)[189](index=189&type=chunk) [Executive Committee](index=41&type=section&id=Executive%20Committee) The Executive Committee, comprising three executive directors and one independent non-executive director, is primarily responsible for overseeing the formulation, revision, and implementation of the company's strategic plans and the operations of its subsidiaries - The Executive Committee comprises three Executive Directors, Mr. Zhang Siyuan (Chairman), Mr. Wang Wendong, and Mr. Fung Chi Kin, and one Independent Non-executive Director, Mr. Tian Yuan[192](index=192&type=chunk)[196](index=196&type=chunk) - Its primary responsibility is to oversee the formulation, revision, and implementation of the company's strategic plans and the operations of its subsidiaries[191](index=191&type=chunk)[196](index=196&type=chunk) [Changes in Directors' Information](index=41&type=section&id=Changes%20in%20Directors'%20Information) Mr. Fung Chi Kin was appointed as an independent non-executive director of Huatong Financial Limited on March 31, 2025 - Mr. Fung Chi Kin was appointed as an Independent Non-executive Director of Huatong Financial Limited (stock code: WTF, listed on NASDAQ in the US) on March 31, 2025[193](index=193&type=chunk)[197](index=197&type=chunk) - Since the publication of the 2024 annual report, no other changes in directors' information requiring disclosure under Rule 17.50A(1) of the GEM Listing Rules have occurred, apart from the aforementioned disclosure[194](index=194&type=chunk)[197](index=197&type=chunk)

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年8月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 港銀控股有限公司 | | | 呈交日期: | 2025年9月3日 | | | I. 法定/註冊股本變動 不適用 | | | | 備註： | | | | 港銀控股有限公司並無法定股本及/或其股本中並無股份面值。 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 08162 | 說明 | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 995,284,800 ...

Group 1 - The company reported a revenue of HKD 10.169 billion for the six months ending June 30, 2025, representing a year-on-year increase of 20.33% [1] - The profit attributable to the owners of the company was HKD 17.378 million, which is a significant year-on-year increase of 264.47% [1] - Earnings per share stood at HKD 0.0178 [1]

（「本公司」） 港銀控股有限公司 Loco Hong Kong Holdings Limited （於香港註冊成立的有限公司） （股份代號：8162） 提名委員會 （「委員會」） 之 職權範圍 （獲董事會修改及採納並於二零二五年八月二十九日生效） 成員 1 1. 委員會須由不少於三名本公司董事會（「董事會」）委任的成員和至少一名不同性別 的成員組成；委員會大部分成員須為本公司獨立非執行董事。 2. 委員會主席須為獨立非執行董事或董事會主席。 3. 成員任期自獲委任當日起計，為期一年（可予續期），並須受本公司組織章程細則的 規管。 4. 董事會及委員會可通過決議案撤銷委員會成員的委任，並委任新成員代替。 5. 不得委任替任委員會成員。 6. 公司秘書或其代名人須擔任委員會秘書。 會議次數及議事程序 會議通告 11. 會議通告須於會議舉行時間至少七日前寄發予委員會全體成員。 委員會決議案 12. 書面決議案經委員會全體成員簽署後，其效力及作用與其在委員會會議獲通過無 異，當中可包括多份樣式相同並經一名或多名委員會成員簽署的文本。有關決議案 可以傳真或其他電子通訊方式簽署及傳閱。本規定並不影響香港聯合交易所有限 公 ...

Company Information [Company Profile and Disclaimer](index=1&type=section&id=Company%20Profile%20and%20Disclaimer) Loco Hong Kong Holdings Limited (8162), a GEM-listed investment holding company, presents its interim results, including GEM-mandated investment risk disclaimers - Company name is Loco Hong Kong Holdings Limited (Stock Code: 8162), incorporated in Hong Kong, with shares listed on GEM of the Stock Exchange[2](index=2&type=chunk)[4](index=4&type=chunk)[13](index=13&type=chunk) - This announcement is for the interim results for the six months ended June 30, 2025[3](index=3&type=chunk) - The announcement includes disclaimers required by GEM Listing Rules, emphasizing the higher investment risks associated with GEM companies[1](index=1&type=chunk)[4](index=4&type=chunk) Financial Statements [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 H1 2025, Group revenue grew 20.3% to HKD 10,166.1 million, with profit surging 264.5% to HKD 17.4 million, driven by metals business Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Key Data (For the Six Months Ended June 30) | Indicator | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Year-on-Year Growth (%) | | :--- | :--- | :--- | :--- | | Revenue | 10,166,072 | 8,451,583 | 20.3% | | Other income | 3,396 | 30 | 11220.0% | | Profit before income tax expense | 24,729 | 9,411 | 162.8% | | Income tax expense | (7,351) | (4,643) | 58.3% | | Profit for the period | 17,378 | 4,768 | 264.5% | | Profit for the period attributable to owners of the Company | 17,378 | 4,768 | 264.5% | | Exchange differences arising from translation of foreign operations | 2,150 | (1,058) | N/A | | Total comprehensive income for the period | 19,528 | 3,710 | 426.4% | | Basic and diluted earnings per share (HK Cents) | 1.78 | 0.58 | 206.9% | - Revenue primarily derived from sales of metals, amounting to **HKD 10,150,481 thousand** in H1 2025, with education management services revenue at **HKD 15,591 thousand**[6](index=6&type=chunk) - Staff costs increased slightly from **HKD 5,984 thousand** in 2024 to **HKD 6,215 thousand** in 2025[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, total assets and net assets significantly increased, driven by higher trade receivables and cash and cash equivalents Condensed Consolidated Statement of Financial Position Key Data (As of June 30) | Indicator | June 30, 2025 (HKD Thousand) | December 31, 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | **Non-current Assets** | | | | | Property, plant and equipment | 2,885 | 3,441 | -16.2% | | Right-of-use assets | 4,339 | 4,421 | -1.8% | | **Current Assets** | | | | | Inventories | 338 | 291 | 16.2% | | Trade and other receivables and prepayments | 2,806,551 | 937,010 | 199.5% | | Cash and cash equivalents | 333,934 | 21,263 | 1470.5% | | **Current Liabilities** | | | | | Trade and other payables and accrued charges | 2,958,134 | 823,602 | 259.2% | | Loans | – | 26,052 | -100.0% | | Contract liabilities | – | 28,249 | -100.0% | | Net current assets | 165,940 | 67,154 | 147.1% | | Net assets | 168,726 | 70,375 | 139.8% | | Share capital | 267,171 | 188,348 | 41.8% | - Trade and other receivables and prepayments significantly increased from **HKD 937,010 thousand** as of December 31, 2024, to **HKD 2,806,551 thousand** as of June 30, 2025[8](index=8&type=chunk) - Cash and cash equivalents significantly increased from **HKD 21,263 thousand** as of December 31, 2024, to **HKD 333,934 thousand** as of June 30, 2025[8](index=8&type=chunk) [Condensed Consolidated Statement of Changes in Equity](index=6&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) As of June 30, 2025, equity attributable to owners significantly increased due to profit, foreign exchange gains, and new share placings Condensed Consolidated Statement of Changes in Equity Key Data (As of June 30) | Indicator | June 30, 2025 (HKD Thousand) | June 30, 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Equity attributable to owners of the Company | 168,726 | 43,674 | 286.3% | | Share capital | 267,171 | 188,348 | 41.8% | | Accumulated losses | (103,262) | (145,859) | -29.2% | | Profit for the period | 17,378 | 4,768 | 264.5% | | Exchange differences arising from translation of foreign operations | 2,150 | (1,058) | N/A | | Issue of new shares by way of placing | 79,623 | – | N/A | | Transaction costs attributable to issue of shares | (800) | – | N/A | - Share capital increased from **HKD 188,348 thousand** as of January 1, 2024, to **HKD 267,171 thousand** as of June 30, 2025, primarily due to the issue of new shares by way of placing[10](index=10&type=chunk) - Accumulated losses decreased from **HKD (150,627) thousand** as of January 1, 2024, to **HKD (103,262) thousand** as of June 30, 2025[10](index=10&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For H1 2025, net cash from operating activities turned positive, investing cash flow slightly rose, and financing cash flow remained stable, leading to a substantial increase in period-end cash Condensed Consolidated Statement of Cash Flows Key Data (For the Six Months Ended June 30) | Indicator | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change (HKD Thousand) | | :--- | :--- | :--- | :--- | | Profit before income tax | 24,729 | 9,411 | 15,318 | | Net cash generated from / (used in) operating activities | 261,095 | (4,199) | 265,294 | | Net cash generated from investing activities | 756 | 11 | 745 | | Net cash generated from financing activities | 51,315 | 54,802 | (3,487) | | Net increase in cash and cash equivalents | 313,166 | 50,614 | 262,552 | | Cash and cash equivalents at end of period | 333,934 | 66,987 | 266,947 | - Net cash generated from operating activities significantly turned from **HKD (4,199) thousand** in H1 2024 to **HKD 261,095 thousand** in H1 2025, mainly due to the net effect of increased trade and other payables and increased trade and other receivables[11](index=11&type=chunk) - Net cash generated from financing activities included net proceeds from placing of new shares of **HKD 79,623 thousand** and repayment of loans of **HKD 26,052 thousand**[12](index=12&type=chunk) Notes to the Financial Statements [General Information](index=9&type=section&id=General%20Information) The Group operates in metals, education management, and money lending, with unaudited interim financial statements in HKD thousands approved on August 29, 2025 - The Company is an investment holding company, with principal businesses including metals business, education management services business, and money lending services business[13](index=13&type=chunk) - The financial statements are presented in **HKD thousands** and were approved and authorized for issue by the directors on August 29, 2025[13](index=13&type=chunk) [Basis of Preparation and Accounting Policies](index=9&type=section&id=Basis%20of%20Preparation%20and%20Accounting%20Policies) Financial statements adhere to HKAS 34 and GEM Listing Rules, maintaining consistent accounting policies with 2024, with no material impact from new standards - The financial statements are prepared in accordance with Hong Kong Accounting Standard 34 and the GEM Listing Rules[14](index=14&type=chunk) - The accounting policies used are consistent with those applied in the 2024 annual financial statements, and new or revised Hong Kong Financial Reporting Standards have no material impact on these interim financial statements[14](index=14&type=chunk) - The financial statements are unaudited but have been reviewed by the Company's Audit Committee[15](index=15&type=chunk) [Use of Judgements and Estimates](index=10&type=section&id=Use%20of%20Judgements%20and%20Estimates) Significant management judgements and estimation uncertainties in these interim financial statements are consistent with the 2024 annual financial statements - The significant judgements made by management in applying the accounting policies and the key sources of estimation uncertainty are the same as those applied in the 2024 annual financial statements[16](index=16&type=chunk) [Segment Information](index=10&type=section&id=Segment%20Information) The Group segments its operations into metals, education management, and money lending, each independently managed with distinct products and strategies - The Group's operations are segmented into metals business, education management services, and money lending services as three reportable segments based on business scope[17](index=17&type=chunk)[18](index=18&type=chunk) - Each segment is managed separately due to offering different products and business strategies[17](index=17&type=chunk) [Overview of Business Segments](index=10&type=section&id=Overview%20of%20Business%20Segments) Business segments include metals sales, education management, and money lending, with metals and education services as primary revenue drivers - The metals business primarily involves the sale of metals[18](index=18&type=chunk) - Education management services primarily involve the provision of education management services[18](index=18&type=chunk) - Money lending services primarily involve the provision of money lending services[18](index=18&type=chunk) [Segment Results](index=11&type=section&id=Segment%20Results) H1 2025 saw significant revenue and profit growth in metals, steady growth in education management, and no revenue from money lending Reportable Segment Revenue and Profit / (Loss) (For the Six Months Ended June 30) | Segment | 2025 Revenue (HKD Thousand) | 2024 Revenue (HKD Thousand) | Revenue Growth (%) | 2025 Profit/(Loss) (HKD Thousand) | 2024 Profit/(Loss) (HKD Thousand) | Profit Growth (%) | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Metals Business | 10,150,481 | 8,437,963 | 20.3% | 22,325 | 12,285 | 81.7% | | Education Management Services | 15,591 | 13,620 | 14.5% | 12,249 | 9,895 | 23.8% | | Money Lending Services | – | – | N/A | (75) | (73) | 2.7% | | **Total** | **10,166,072** | **8,451,583** | **20.3%** | **34,499** | **22,107** | **56.0%** | - The metals business is the Group's primary revenue and profit contributor, with H1 2025 revenue reaching **HKD 10,150.5 million** and segment profit of **HKD 22.3 million**[20](index=20&type=chunk) - Unallocated corporate expenses decreased from **HKD 8,102 thousand** in 2024 to **HKD 4,526 thousand** in 2025[24](index=24&type=chunk) [Disaggregation of Revenue](index=12&type=section&id=Disaggregation%20of%20Revenue) Revenue primarily from metals in Singapore and Hong Kong, and education services in Mainland China, recognized at a point in time or over time Revenue Disaggregated by Major Geographical Markets (For the Six Months Ended June 30) | Region | 2025 Metals Business (HKD Thousand) | 2025 Education Management Services (HKD Thousand) | 2024 Metals Business (HKD Thousand) | 2024 Education Management Services (HKD Thousand) | | :--- | :--- | :--- | :--- | :--- | | Hong Kong | 2,165,271 | – | 1,050,711 | – | | Mainland China | 6,345 | 15,591 | 7,859 | 13,620 | | Singapore | 7,866,890 | – | 7,272,448 | – | | United Kingdom | 111,975 | – | 106,945 | – | Revenue Disaggregated by Timing of Recognition (For the Six Months Ended June 30) | Timing of Revenue Recognition | 2025 (HKD Thousand) | 2024 (HKD Thousand) | | :--- | :--- | :--- | | Control transferred over time | 15,591 | 13,620 | | Control transferred at a point in time | 10,150,481 | 8,437,963 | - Singapore is the largest revenue source for the metals business, contributing **HKD 7,866.9 million** in H1 2025[25](index=25&type=chunk) [Finance Costs](index=13&type=section&id=Finance%20Costs) For H1 2025, Group finance costs significantly decreased, primarily due to a substantial reduction in loan interest expenses Finance Costs Composition (For the Six Months Ended June 30) | Category | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Loan interest expense | 38 | 285 | -86.7% | | Interest expense on lease liabilities | 93 | 128 | -27.3% | | **Total** | **131** | **413** | **-68.3%** | - Loan interest expense significantly decreased from **HKD 285 thousand** in 2024 to **HKD 38 thousand** in 2025[27](index=27&type=chunk) [Income Tax Expense](index=13&type=section&id=Income%20Tax%20Expense) For H1 2025, income tax expense increased due to higher current and deferred tax, with stable tax rates in Hong Kong and Mainland China Income Tax Expense Composition (For the Six Months Ended June 30) | Category | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Current tax | 6,886 | 4,643 | 48.3% | | Deferred tax | 465 | – | N/A | | **Income Tax Expense** | **7,351** | **4,643** | **58.3%** | - Hong Kong income tax rate is **16.5%** (with **8.25%** for the first HKD 2 million), and Mainland China subsidiaries' tax rate is **25%**, both consistent with the prior period[29](index=29&type=chunk) [Dividends](index=14&type=section&id=Dividends) The Board does not recommend any dividend payment for the six months ended June 30, 2025, consistent with the prior period - The Board does not recommend the payment of any dividend for the six months ended June 30, 2025 (2024: nil)[30](index=30&type=chunk) [Earnings Per Share](index=14&type=section&id=Earnings%20Per%20Share) For H1 2025, basic and diluted earnings per share significantly increased to 1.78 HK cents, driven by higher profit attributable to owners Earnings Per Share Data (For the Six Months Ended June 30) | Indicator | 2025 (HKD Thousand/Thousand Shares/HK Cents) | 2024 (HKD Thousand/Thousand Shares/HK Cents) | Change (%) | | :--- | :--- | :--- | :--- | | Profit attributable to owners of the Company | 17,378 | 4,768 | 264.5% | | Weighted average number of ordinary shares (Thousand Shares) | 974,206 | 829,404 | 17.5% | | Basic and diluted earnings per share (HK Cents) | 1.78 | 0.58 | 206.9% | - In H1 2025, diluted earnings per share were the same as basic earnings per share due to the absence of dilutive shares issued[31](index=31&type=chunk) [Trade and Other Receivables and Prepayments](index=15&type=section&id=Trade%20and%20Other%20Receivables%20and%20Prepayments) As of June 30, 2025, net trade receivables substantially increased, mainly in the 0-30 day aging category, reflecting business growth Trade and Other Receivables and Prepayments (As of June 30) | Category | June 30, 2025 (HKD Thousand) | December 31, 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Trade receivables – net | 2,697,083 | 868,108 | 210.7% | | Other receivables and deposits – net | 69,434 | 27,035 | 156.8% | | Prepayments | 40,034 | 41,867 | -4.4% | | **Total** | **2,806,551** | **937,010** | **199.5%** | Trade Receivables Aging Analysis (As of June 30) | Aging | June 30, 2025 (HKD Thousand) | December 31, 2024 (HKD Thousand) | | :--- | :--- | :--- | | 0 to 30 days | 2,648,686 | 859,777 | | 31 to 90 days | 48,397 | 7,082 | | 91 to 180 days | – | 1,249 | - Credit terms granted to customers generally range from **1 to 3 months**[33](index=33&type=chunk) [Trade and Other Payables and Accrued Charges](index=16&type=section&id=Trade%20and%20Other%20Payables%20and%20Accrued%20Charges) As of June 30, 2025, trade and other payables and accrued charges significantly increased, mainly in the 0-60 day aging category, consistent with business growth Trade and Other Payables and Accrued Charges (As of June 30) | Category | June 30, 2025 (HKD Thousand) | December 31, 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Trade payables | 2,945,424 | 818,541 | 260.0% | | Other payables and accrued charges | 12,710 | 5,061 | 151.1% | | **Total** | **2,958,134** | **823,602** | **259.2%** | Trade Payables Aging Analysis (As of June 30) | Aging | June 30, 2025 (HKD Thousand) | December 31, 2024 (HKD Thousand) | | :--- | :--- | :--- | | 0 to 60 days | 2,945,424 | 818,541 | - Credit terms for purchases of goods generally range from **1 to 3 months**[35](index=35&type=chunk) [Related Party Transactions](index=17&type=section&id=Related%20Party%20Transactions) For H1 2025, the Group had no material related party transactions other than key management personnel remuneration - The Group had no other material related party transactions during this reporting period[42](index=42&type=chunk) Key Management Personnel Remuneration (For the Six Months Ended June 30) | Category | 2025 (HKD Thousand) | 2024 (HKD Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Salaries and short-term employee benefits | 3,474 | 2,904 | 19.6% | | Pension scheme contributions | 36 | 36 | 0.0% | | **Total** | **3,510** | **2,940** | **19.4%** | [Financial Instruments](index=17&type=section&id=Financial%20Instruments) The Group's financial instruments, including cash, receivables, payables, and loans, have carrying amounts approximating fair values due to their short-term nature - The carrying amounts of financial instruments not measured at fair value approximate their fair values due to their short-term nature[39](index=39&type=chunk)[41](index=41&type=chunk) - Fair values of financial assets and liabilities are determined using market quotations or discounted cash flow analysis[43](index=43&type=chunk) Management Discussion and Analysis [Business Review](index=18&type=section&id=Business%20Review) In H1 2025, the Group achieved significant operating revenue and net profit growth by focusing on its core metals business and deepening customer cooperation - The Group's principal businesses (metals business and education management services business) continued to grow steadily[44](index=44&type=chunk) - Despite global economic challenges, strategic emerging industries in China, such as new energy vehicles and photovoltaic equipment, provide structural support for demand for special metals[44](index=44&type=chunk) - The Group adhered to a "seeking progress while maintaining stability" strategy, focusing on the metals business, deepening cooperation with domestic and international customers, strengthening bargaining power, and improving mechanisms to respond to price fluctuations[44](index=44&type=chunk) Overall Financial Performance (For the Six Months Ended June 30) | Indicator | 2025 (HKD Million) | 2024 (HKD Million) | Growth (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 10,166.1 | 8,451.6 | 20.3% | | Net Profit | 17.4 | 4.8 | 262.5% | [Metals Business](index=18&type=section&id=Metals%20Business) The core metals business achieved significant revenue and profit growth in H1 2025, driven by global trade recovery, market opportunities, and product/customer expansion - The metals business is the Group's core segment, encompassing bulk metal commodities and metal consumer goods[45](index=45&type=chunk) - The Group has established a solid cooperation network with large state-owned enterprises, major integrated key enterprises in Mainland China, and international enterprises[45](index=45&type=chunk) Metals Business Segment Performance (For the Six Months Ended June 30) | Indicator | 2025 (HKD Million) | 2024 (HKD Million) | Growth (%) | | :--- | :--- | :--- | :--- | | Segment Revenue | 10,150.5 | 8,438.0 | 20.3% | | Segment Profit | 22.3 | 12.3 | 81.7% | [Product Scope](index=19&type=section&id=Product%20Scope) The metals business covers raw materials and consumer goods, with continuous market review to enrich product scope and diversify business - The metals business primarily supplies raw materials such as copper, aluminum, nickel, and iron ore, as well as metal consumer goods[47](index=47&type=chunk) - The Group will continuously review market conditions, upgrade business scale, enrich product scope, and promote business diversification[47](index=47&type=chunk) [Market Outlook, Development Plans and Strategies](index=19&type=section&id=Market%20Outlook%2C%20Development%20Plans%20and%20Strategies) The metals business has an optimistic outlook, driven by China's manufacturing and new energy demand; the Group will focus on transparent, risk-controlled commodities and expand state-owned enterprise cooperation - China's domestic manufacturing upgrades and new energy industries continue to drive demand in the metals sector, providing long-term support for the metals business development[48](index=48&type=chunk) - The Group will continue to focus on bulk metal commodities and metal consumer goods with relatively transparent international and domestic market prices and controllable risks[49](index=49&type=chunk) - The Group will continue to expand cooperation with large state-owned and major integrated key enterprise customers, adhering to the "seeking progress while maintaining stability" strategy[49](index=49&type=chunk) [Education Management Services Business](index=20&type=section&id=Education%20Management%20Services%20Business) Education management services maintained steady development since 2019, with H1 2025 revenue growth of 14.7%, focusing on arts, sports, and humanities education with stable clients - The education management services business has performed well and maintained steady development since its launch in 2019[50](index=50&type=chunk) - The business focuses on areas encouraged by national education policies, such as arts and sports education and humanities quality education[50](index=50&type=chunk) Education Management Services Business Revenue (For the Six Months Ended June 30) | Indicator | 2025 (HKD Million) | 2024 (HKD Million) | Growth (%) | | :--- | :--- | :--- | :--- | | Segment Revenue | 15.6 | 13.6 | 14.7% | [Key Customers](index=21&type=section&id=Key%20Customers) Education management services serve 9 institutions in Chengdu, including arts/sports training, kindergartens, humanities education, and educational material distributors - Services are primarily provided to **9 educational institutions** in Chengdu, Sichuan Province, Mainland China[51](index=51&type=chunk) - Customers include arts and sports education training institutions, kindergartens, humanities and nature experience education providers, and educational material and book distributors[51](index=51&type=chunk) [Market Outlook, Development Plans and Strategies](index=21&type=section&id=Market%20Outlook%2C%20Development%20Plans%20and%20Strategies) Chengdu's education market offers potential; the Group's education services aim for stable development by adapting to policy changes and optimizing content, addressing uncertainties - Chengdu's education market has significant potential, and the Group will strive to maintain healthy and stable development by closely following policy adjustments and optimizing service content[52](index=52&type=chunk) - The business faces uncertainties from national education policy changes and reforms but has provided services to **9 education-related institutional clients**[52](index=52&type=chunk) [Provision of Money Lending Services](index=21&type=section&id=Provision%20of%20Money%20Lending%20Services) Due to increased global economic uncertainty, the Group deemed credit risk-reward in money lending unacceptable, resulting in no revenue from this segment - The Group believes that the credit risk-reward level in money lending services remains unacceptable in the short term[53](index=53&type=chunk) - As of June 30, 2025, this business segment recorded no revenue (H1 2024: nil)[53](index=53&type=chunk) [Overall Financial Performance](index=22&type=section&id=Overall%20Financial%20Performance) In H1 2025, total revenue grew 20.3% to HKD 10,166.1 million, and profit surged 262.5% to HKD 17.4 million, driven by revenue growth, other income, and reduced expenses Overall Financial Performance (For the Six Months Ended June 30) | Indicator | 2025 (HKD Million) | 2024 (HKD Million) | Growth (%) | | :--- | :--- | :--- | :--- | | Total Revenue | 10,166.1 | 8,451.6 | 20.3% | | Profit | 17.4 | 4.8 | 262.5% | | Profit attributable to owners of the Company | 17.4 | 4.8 | 262.5% | - The increase in profit is primarily attributable to an increase in total revenue of approximately **HKD 1,714.5 million**, an increase in other income of approximately **HKD 3.4 million**, and a decrease in other operating expenses of approximately **HKD 2.4 million**[56](index=56&type=chunk) [Capital Structure, Liquidity and Financial Resources](index=22&type=section&id=Capital%20Structure%2C%20Liquidity%20and%20Financial%20Resources) As of June 30, 2025, cash and bank balances significantly increased, net current assets improved, current ratio stable, and zero gearing ratio due to no outstanding loans, indicating ample financial resources Capital Structure and Liquidity (As of June 30) | Indicator | June 30, 2025 (HKD Million) | December 31, 2024 (HKD Million) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and bank balances | 333.9 | 21.3 | 1470.5% | | Net current assets | 165.9 | 67.2 | 147.1% | | Current ratio | 1.1 times | 1.1 times | 0.0% | | Outstanding loans | – | 26.1 | -100.0% | | Gearing ratio | Nil | 12.1% | -100.0% | - The increase in cash and bank balances is mainly attributable to profit for the period, an increase in trade and other payables, and net proceeds from the issue of shares[55](index=55&type=chunk) - The Group has no outstanding loans and has not been granted any bank facilities, with directors considering financial resources to be adequate[57](index=57&type=chunk) [Material Investments, Acquisitions and Disposals](index=23&type=section&id=Material%20Investments%2C%20Acquisitions%20and%20Disposals) For H1 2025, the Group had no material investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures - The Group had no material investments, acquisitions, or disposals of subsidiaries, associates, or joint ventures during this reporting period[62](index=62&type=chunk) [Placing of New Shares Under General Mandate](index=23&type=section&id=Placing%20of%20New%20Shares%20Under%20General%20Mandate) On January 24, 2025, the Company completed a placing of 165.88 million shares, raising HKD 78.82 million net, used for shareholder loan repayment and metals business development - The Company completed the placing of **165,880,800 ordinary shares** at a placing price of **HKD 0.48 per share** on January 24, 2025[63](index=63&type=chunk) - The net proceeds from the placing, approximately **HKD 78.82 million**, were fully utilized for repayment of shareholder loans (**HKD 26.052 million**) and development of the metals business (**HKD 52.771 million**)[64](index=64&type=chunk) - The placing price represented a discount of approximately **15.79%** to the closing price on the date of the placing agreement and approximately **8.4%** to the average closing price for the preceding five trading days[64](index=64&type=chunk) [Capital Commitments and Capital Expenditures](index=24&type=section&id=Capital%20Commitments%20and%20Capital%20Expenditures) As of June 30, 2025, the Group had no material capital commitments or capital expenditures - The Group had no material capital commitments or capital expenditures as of June 30, 2025[64](index=64&type=chunk) [Foreign Exchange Risk](index=25&type=section&id=Foreign%20Exchange%20Risk) The Group faces USD and RMB foreign exchange risk, but USD transaction risk is deemed not material due to the HKD peg, with no hedging policy but close monitoring - The Group is exposed to foreign exchange risk from USD and RMB, primarily arising from overseas receipts and payments of its Hong Kong subsidiaries[65](index=65&type=chunk) - Management considers the currency risk arising from USD transactions not material due to the HKD peg to USD, and currently has no foreign currency hedging policy but will monitor closely[65](index=65&type=chunk) [Contingent Liabilities](index=25&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no material contingent liabilities, guarantees, or pending litigation or claims - The Group had no material contingent liabilities, guarantees, or any pending litigation or claims as of June 30, 2025[66](index=66&type=chunk) [Employees and Remuneration Policy](index=25&type=section&id=Employees%20and%20Remuneration%20Policy) As of June 30, 2025, the Group employed 25 staff with HKD 6.2 million in remuneration, regularly reviewing policies and providing benefits, with discretionary share options and bonuses Employee Headcount and Remuneration (For the Six Months Ended June 30) | Indicator | 2025 | 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Employee Headcount | 25 persons | 24 persons | 4.2% | | Total Employee Remuneration (HKD Million) | 6.2 | 6.0 | 3.3% | - The Group provides employees with salaries, medical benefits, and provident funds, with the Board having discretion to grant share options and bonuses[67](index=67&type=chunk) [Dividends](index=25&type=section&id=Dividends) The Board does not recommend an interim dividend for the six months ended June 30, 2025, consistent with the prior period - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025 (2024: nil)[68](index=68&type=chunk) [Events After Reporting Period](index=25&type=section&id=Events%20After%20Reporting%20Period) The Group had no material events after the reporting period - The Group had no material events after the reporting period[69](index=69&type=chunk) Other Information [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures](index=26&type=section&id=Directors'%20and%20Chief%20Executive's%20Interests%20and%20Short%20Positions%20in%20Shares%2C%20Underlying%20Shares%20and%20Debentures) As of June 30, 2025, Executive Director Mr. Zhang Siyuan held 19.39% of shares via his controlled corporation, with no directors or chief executive holding short positions Directors' and Chief Executive's Long Positions (As of June 30, 2025) | Name | Nature of Interest | Number of Ordinary Shares Held | Approximate Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Zhang Siyuan | Interest in a controlled corporation | 192,980,000 | 19.39% | - As of June 30, 2025, no directors or chief executive held short positions in the shares of the Company or its associated corporations[71](index=71&type=chunk) - The percentage of shareholding is calculated based on **995,284,800 issued shares**[72](index=72&type=chunk) [Substantial Shareholders' Interests and Short Positions in Shares and Underlying Shares](index=27&type=section&id=Substantial%20Shareholders'%20Interests%20and%20Short%20Positions%20in%20Shares%20and%20Underlying%20Shares) As of June 30, 2025, key substantial shareholders included FIAS (HONG KONG) CO., LIMITED (19.39%), Han Bo (7.64%), and Fortune Way Corporation Limited (6.95%) Substantial Shareholders' Long Positions (As of June 30, 2025) | Name/Entity | Nature of Interest | Number of Ordinary Shares Held | Approximate Percentage of Shareholding | | :--- | :--- | :--- | :--- | | FIAS (HONG KONG) CO., LIMITED | Beneficial owner | 192,980,000 | 19.39% | | Han Bo | Beneficial owner | 76,000,000 | 7.64% | | Fortune Way Corporation Limited | Beneficial owner | 69,188,882 | 6.95% | - FIAS (HONG KONG) CO., LIMITED is wholly owned by Executive Director Mr. Zhang Siyuan[74](index=74&type=chunk) [Share Option Scheme](index=28&type=section&id=Share%20Option%20Scheme) The Company's share option scheme expired on April 9, 2025, with no options granted, exercised, lapsed, or cancelled during H1 2025 - The last exercise date for share options granted under the share option scheme expired on April 9, 2025[75](index=75&type=chunk) - For the six months ended June 30, 2025, no share options were granted, exercised, lapsed, or cancelled[77](index=77&type=chunk) - As of June 30, 2025, the remaining term for share options granted on April 10, 2015, under the share option scheme was zero[77](index=77&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=29&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company's%20Listed%20Securities) For H1 2025, neither the Company nor its subsidiaries purchased, sold, or redeemed any listed securities, and no treasury shares were held - Neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[78](index=78&type=chunk) - As of June 30, 2025, the Company held no treasury shares[78](index=78&type=chunk) [Competing Interests](index=30&type=section&id=Competing%20Interests) For H1 2025, no directors, management, shareholders, or substantial shareholders engaged in competing businesses or had conflicts of interest with the Group - To the best knowledge of the directors, no director, management, shareholder, or substantial shareholder of the Company engaged in any business competing with or having a conflict of interest with the Group's business[79](index=79&type=chunk) [Corporate Governance](index=30&type=section&id=Corporate%20Governance) For H1 2025, the Company complied with GEM Listing Rules' Corporate Governance Code and adopted a code of conduct for directors' securities transactions - The Company complied with all code provisions of the Corporate Governance Code in Appendix C1 of the GEM Listing Rules[80](index=80&type=chunk) - The Company adopted a code of conduct for directors' securities transactions, and all directors confirmed compliance[81](index=81&type=chunk) [Audit Committee](index=30&type=section&id=Audit%20Committee) The Audit Committee reviews financial reporting, risk management, and internal controls, comprising three independent non-executive directors, with Ms. Wu Liyan as chairperson - The Audit Committee is responsible for reviewing draft annual, interim, and quarterly reports and providing recommendations to the Board[82](index=82&type=chunk) - The committee members include three independent non-executive directors: Ms. Wu Liyan (Chairperson), Mr. Yang Zhenhua, and Mr. Tian Yuan[82](index=82&type=chunk) - The Audit Committee has reviewed this interim results announcement and the financial statements[83](index=83&type=chunk) [Remuneration Committee](index=31&type=section&id=Remuneration%20Committee) The Remuneration Committee advises the Board on remuneration for executive, senior, and independent non-executive directors, chaired by Ms. Wu Liyan - The primary responsibility of the Remuneration Committee is to advise the Board on the remuneration packages for executive directors, senior management, and independent non-executive directors[84](index=84&type=chunk) - The committee members include Mr. Wang Wendong (Executive Director), Ms. Wu Liyan (Chairperson, Independent Non-executive Director), and Mr. Tian Yuan (Independent Non-executive Director)[84](index=84&type=chunk) [Nomination Committee](index=31&type=section&id=Nomination%20Committee) The Nomination Committee advises on director appointments and succession, ensuring board diversity, and is chaired by Mr. Zhang Siyuan, comprising two executive and three independent non-executive directors - The Nomination Committee is primarily responsible for advising the Board on director appointments and succession planning[85](index=85&type=chunk) - The committee strives to ensure a balanced board in terms of skills, experience, and diversity of perspectives[85](index=85&type=chunk) - The committee members include Mr. Zhang Siyuan (Chairperson, Executive Director), Mr. Wang Wendong (Executive Director), and three independent non-executive directors[85](index=85&type=chunk) [Executive Committee](index=32&type=section&id=Executive%20Committee) The Executive Committee oversees strategic plan formulation and subsidiary operations, comprising three executive directors and one independent non-executive director, chaired by Mr. Zhang Siyuan - The Executive Committee is primarily responsible for overseeing the formulation, revision, and execution of the Company's strategic plans and the operations of its subsidiaries[86](index=86&type=chunk) - The committee members include Mr. Zhang Siyuan (Chairperson, Executive Director), Mr. Wang Wendong, Mr. Feng Zhijian (Executive Directors), and Mr. Tian Yuan (Independent Non-executive Director)[86](index=86&type=chunk) [Changes in Directors' Information](index=32&type=section&id=Changes%20in%20Directors'%20Information) Mr. Feng Zhijian was appointed as an independent non-executive director of Huatong Financial Co., Ltd. on March 31, 2025, with no other material changes in directors' information since the 2024 annual report - Mr. Feng Zhijian was appointed as an independent non-executive director of Huatong Financial Co., Ltd. (a NASDAQ-listed company) on March 31, 2025[87](index=87&type=chunk) - Other than the above disclosure, there have been no other changes in directors' information since the publication of the 2024 annual report[87](index=87&type=chunk)

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 容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 行政總裁 王文東 香港，二零二五年八月十九日 港銀控股有限公司 Loco Hong Kong Holdings Limited （於香港註冊成立的有限公司） （股份代號：8162） 董事會會議通告 港銀控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司將於二零 二五年八月二十九日（星期五）舉行董事會會議，藉以（其中包括）考慮及批准本公司及 其附屬公司截至二零二五年六月三十日止六個月的中期業績及其發佈，並考慮派付股息 （如有）。 承董事會命 港銀控股有限公司 於本公告日期，執行董事為張思源先生（董事會主席）、王文東先生及馮志堅先生；獨立 非執行董事為吳勵妍女士、楊振華先生及田源先生。 本公告的資料乃遵照香港聯合交易所有限公司（「聯交所」）GEM證券上市規則而刊載， 旨在提供本公司的資料；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，確認就其所知及所信，本 ...