Financial Performance - The total revenue for the year ended December 31, 2025, was HKD 47,236,000, a decrease of 18.7% compared to HKD 58,109,000 in 2024[3] - Gross profit for the same period was HKD 6,408,000, down 44.5% from HKD 11,557,000 in 2024[3] - The company reported a loss before tax of HKD 89,167,000, compared to a loss of HKD 13,081,000 in 2024, reflecting a substantial increase in losses[3] - The total comprehensive loss for the year was HKD 90,305,000, compared to HKD 13,049,000 in 2024, indicating a significant deterioration in financial performance[4] - The basic and diluted loss per share for the year was HKD 13.6, compared to HKD 2.38 in 2024, highlighting a worsening loss per share situation[4] - The group reported a total revenue of HKD 47,236,000 for 2025, down from HKD 58,109,000 in 2024, indicating a decrease of about 18.7%[19] - The group experienced a pre-tax loss of HKD 89,167,000 for the year ending December 31, 2025, compared to a pre-tax loss of HKD 13,081,000 for the previous year[19] - The group reported an operating loss of approximately HKD 89,200,000, an increase of HKD 76,100,000 or 580.9% compared to a loss of HKD 13,100,000 in the previous year[91] Expenses - Administrative expenses surged to HKD 67,292,000, an increase of 196.5% from HKD 22,618,000 in the previous year[3] - Research and development expenses rose significantly to HKD 30,663,000, compared to HKD 8,602,000 in 2024, marking an increase of 256.5%[3] - R&D expenses for the year included HKD 30,663,000, which comprised various costs such as employee costs and cloud service fees[21] - Administrative and R&D expenses related to stock options granted on April 8, 2025, increased by approximately HKD 44 million[93] - R&D expenses (excluding stock-based payment expenses) increased by approximately HKD 5.5 million, primarily due to Web3.0 business development projects[93] - Marketing expenses increased by approximately HKD 7.4 million, mainly for promoting the group, analysis platform, and trading services[93] Assets and Liabilities - The company's total assets less current liabilities increased to HKD 180,775,000 from HKD 40,585,000 in 2024, showing growth in asset management[5] - Cash and cash equivalents rose dramatically to HKD 81,427,000 from HKD 2,091,000 in the previous year, indicating improved liquidity[5] - The company's equity increased to HKD 177,399,000 from HKD 36,829,000 in 2024, reflecting a strong capital position[6] - Trade receivables from customer contracts decreased to HKD 6,725,000 in 2025 from HKD 10,298,000 in 2024, indicating a reduction in outstanding receivables[34] - The company recorded a net credit loss reversal of HKD 2,442,000 for receivables in 2025, compared to a reversal of HKD 6,212,000 in 2024[33] - The overdue trade receivables balance included HKD 662,000 that was overdue for 90 days or more, compared to HKD 2,147,000 in 2024, indicating a significant improvement in collection[36] - Prepayments, deposits, and other receivables increased to HKD 53,897,000 in 2025 from HKD 10,247,000 in 2024, representing a growth of 426.5%[37] - Total liabilities, including accrued expenses and other payables, increased slightly to HKD 14,345,000 in 2025 from HKD 13,100,000 in 2024[41] Revenue Streams - Revenue from customer contracts for big data center services decreased to HKD 45,178,000 in 2025 from HKD 56,009,000 in 2024, representing a decline of approximately 19.8%[15] - The company reported revenue of approximately HKD 45.2 million from data center services, a decrease of about HKD 10.8 million compared to the previous year due to reduced contributions from the Hong Kong data center[58] - The analysis platform generated revenue of approximately HKD 88,000 this year[62] - The exchange and OTC services generated revenue of approximately HKD 300,000 this year[65] - The lending business generated revenue of approximately HKD 1,700,000 this year[67] - The data center services segment contributed approximately HKD 45,200,000, down HKD 10,800,000 from HKD 56,000,000 in the previous year, reflecting a decrease of 19.3%[87] - The lending business generated revenue of approximately HKD 1,700,000, a decrease of HKD 400,000 from HKD 2,100,000 in the previous year, representing a decline of 19%[90] Business Development and Strategy - The newly established Web3.0 business segment includes blockchain applications and infrastructure, with ongoing R&D activities and talent recruitment in this area[16] - The group launched its on-chain data analysis platform "Chainstream" and acquired 100% equity of Rhino, leading to a restructuring of its operational segments[16] - The company is transitioning from mining infrastructure to a Web 3.0 digital infrastructure ecosystem, enhancing its data capabilities and operational efficiency in North America[49] - The integration of Rhino Trading Pty Ltd, a regulated digital asset exchange in Australia, aims to strengthen global compliance and trading capabilities[51] - The company is focused on building an open and collaborative financial ecosystem, connecting traditional finance with digital assets through partnerships[52] - The company is investing in product development and user expansion for ChainStream to adapt to market changes and customer needs[61] - The company plans to invest in Web3.0 and artificial intelligence products to create synergies with existing businesses[105] Capital and Funding - The company completed a placement agreement on February 21, 2025, raising approximately HKD 33.2 million by issuing 109,681,764 shares at HKD 0.305 per share[47] - A second placement on July 14, 2025, raised approximately HKD 54.4 million by issuing 27,372,000 shares at HKD 2.0 per share[48] - A third placement on October 31, 2025, raised approximately HKD 99.2 million by issuing 32,000,000 shares at HKD 3.11 per share[49] - The net proceeds from the second placement of 27,372,000 new shares amounted to approximately HKD 54.4 million, with about 35% allocated for further development of Web3.0-related businesses[94] - The net proceeds from the third placement of 32,000,000 new shares amounted to approximately HKD 99.2 million, with about 50% allocated for ChainStream's technology development and platform expansion[94] - The company has no bank borrowings as of December 31, 2025, and funds its operations through internal resources, placements, and loans[102] Compliance and Governance - The group maintains compliance with Australian regulations regarding anti-money laundering and counter-terrorism financing, ensuring systematic screening of all deposited cryptocurrencies[76] - The company emphasizes good corporate governance to protect shareholder interests and has complied with the GEM Listing Rules[122] - The audit committee has reviewed the financial reporting process and the effectiveness of risk management and internal controls for the year ending December 31, 2025[124] Future Outlook - The group anticipates that the adoption of new accounting standards will not have a significant impact on its financial performance, although it may affect the structure and presentation of the consolidated income statement[14] - The company is exploring investment opportunities and may consider acquisitions or disposals to promote growth[106] - The company is focusing on the development of data centers in the United States while ceasing operations in Hong Kong due to high operational costs[104]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Crypto Flow Technology Limited 本公司股東及潛在投資者於買賣本公司股份時務請審慎行事。 承董事會命 加幂科技有限公司 主席 加 幂 科 技 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：8198） 盈利警告 本公告乃加幂科技有限公司（「本公司」，連同其附屬公司統稱為「本集團」）根據香港聯合 交易所有限公司（「聯交所」）GEM證券上市規則（「GEM上市規則」）第17.10(2)條及證券及 期貨條例（香港法例第571章）第XIVA部之內幕消息條文（定義見GEM上市規則）而作出。 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，根據對 本集團截至二零二五年十二月三十一日止年度（「本年度」）的未經審核綜合管理賬目的初 步審閱及董事會目前掌握的資料，預期本集團於本年度將錄得不少於88百萬港元的淨虧損， 而截 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 香港，二零二六年三月十三日 於本公告日期，執行董事為李紅斌先生（主席）、袁泉博士（行政總裁）、熊佳彥女士及姚 曉昊先生；及獨立非執行董事為孫宇強先生、朱賀華先生及唐儀先生。 Crypto Flow Technology Limited 本公告的資料乃遵照香港聯合交易所有限公司的GEM證券上市規則而刊載，旨在提供有 關本公司的資料；各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，本公告所載資料在各重要方面均屬準確及完備， 沒有誤導或欺詐成分，且並無遺漏任何事項，足以令致本公告或其所載任何陳述產生誤導。 加 幂 科 技 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） 本公告將由刊登之日起在聯交所網址 www.hkexnews.hk 之「最新上市公司公告」網頁至少 保存七日及於本公司網址 www.cryptoflowhk.com ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 加幂科技有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2026年3月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08198 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本月底法定/註 ...

截至月份: 2026年1月31日 狀態: 新提交 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: 加幂科技有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08198 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本月底法定/註 ...

Core Viewpoint - The recent stock transfer of 加幂科技 (08198) indicates a significant movement in shareholder interests, with a total market value of HKD 128 million being transferred, representing 8.01% of the company [1] Group 1: Shareholder Activity - On January 26, 加幂科技's shareholders transferred shares from 力高证券 to 第一上海证券公司, with a total market value of HKD 128 million [1] - This transfer represents 8.01% of the company's total shares [1] Group 2: Placement Agreement - 加幂科技 announced that all conditions precedent for the placement agreement have been fulfilled as of November 11, 2025 [1] - A total of 32 million shares were placed, accounting for approximately 4.5% of the company's enlarged issued share capital of 718 million shares post-placement [1] - The total gross proceeds from the placement amounted to approximately HKD 99.5 million, with net proceeds of about HKD 99.2 million after deducting commissions and related costs [1]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年12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: 加幂科技有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2026年1月6日 I. 法定/註冊股本變動 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) | 08198 | 說明 | | | | | | | | | 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 | | | 717,562,586 | | 0 | | 717,562,586 | | 增加 / 減少 (-) | | | 0 | | | | | | 本月底結存 | | | 717,562,586 | | 0 | | 717,562,586 | 第 2 頁 共 10 頁 v ...

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11月30日 狀態: 重新提交 致：香港交易及結算所有限公司 公司名稱: 加幂科技有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年12月3日 I. 法定/註冊股本變動 FF301 | 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) | 08198 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本月底法 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 重新提交 致：香港交易及結算所有限公司 公司名稱: 加幂科技有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年12月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08198 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本月底法 ...

截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 公司名稱: 加幂科技有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年12月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08198 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本月底法定 ...