Core Viewpoint - 高裕金融(08221) reported a significant decline in total revenue and an increase in losses for the six months ending September 30, 2025, indicating ongoing financial challenges for the company [1] Financial Performance - Total revenue for the period was HKD 12.346 million, representing a year-on-year decrease of 31.16% [1] - The loss attributable to shareholders was HKD 5.378 million, which is a reduction of 47.96% compared to the previous year [1] - Earnings per share showed a loss of HKD 0.113 [1]

Group 1 - The company reported total revenue of HKD 12.346 million for the six months ending September 30, 2025, representing a year-on-year decrease of 31.16% [1] - The loss attributable to shareholders was HKD 5.378 million, which is a year-on-year reduction of 47.96% [1] - The loss per share was HKD 0.113 [1]

Financial Performance - Total revenue for the six months ended September 30, 2025, was HKD 12,346,000, a decrease of 31% compared to HKD 17,934,000 for the same period in 2024[5] - Commission income from securities trading and brokerage services was HKD 1,061,000, down 62% from HKD 2,766,000 in the previous year[5] - Interest income from loan financing and guarantee financing services decreased to HKD 1,042,000 from HKD 1,691,000, representing a decline of 38.5%[5] - The company reported a pre-tax loss of HKD 4,720,000, an improvement from a loss of HKD 9,786,000 in the same period last year[6] - Total comprehensive loss for the period was HKD 5,470,000, compared to HKD 10,486,000 in the previous year, indicating a reduction of 47.8%[6] - Basic loss per share improved to HKD 11.30 from HKD 25.46, reflecting a 55.6% decrease in loss per share[6] - The company recorded a loss attributable to owners of the company, with basic loss per share calculated based on the loss figures for the six months ended September 30, 2025[19][21] - The company reported a loss of approximately HKD 5,470,000 for the period, compared to a loss of approximately HKD 10,486,000 in the corresponding period[48] Assets and Liabilities - Non-current assets totaled HKD 12,184,000, down from HKD 14,356,000 as of March 31, 2025[7] - Current assets increased to HKD 240,597,000 from HKD 232,326,000, showing a growth of 3.3%[7] - Current liabilities rose to HKD 75,618,000 from HKD 64,053,000, an increase of 18%[8] - Total equity decreased to HKD 140,502,000 from HKD 145,971,000, reflecting a decline of 3.2%[8] - The company’s net current assets as of September 30, 2025, were approximately HKD 164,979,000, including cash and cash equivalents of approximately HKD 34,865,000[51] - The company’s current ratio was approximately 3.2 times as of September 30, 2025, down from approximately 3.6 times as of March 31, 2025[51] Revenue Sources - Revenue from securities trading and brokerage services was HKD 1,061,000, down 61.7% from HKD 2,766,000 in the previous year[14] - Interest income from supply chain financing increased to HKD 8,695,000, up 35.5% from HKD 6,412,000 in the prior year[14] - Interest income and service fees from supply chain financing amounted to approximately HKD 8,695,000, an increase from approximately HKD 6,412,000 in the corresponding period[41] Expenses - The company reported a total of HKD 4,806,000 in expenses for the six months ended September 30, 2025, a decrease of 29.1% from HKD 6,754,000 in 2024[15] - The company’s employee costs decreased from approximately HKD 3,846,000 to approximately HKD 3,499,000 during the reporting period[46] Dividends and Share Consolidation - No interim dividend was declared for the six months ended September 30, 2025, consistent with the previous year[16] - The company announced a share consolidation on March 7, 2025, merging every 50 existing shares of HKD 0.01 into one share of HKD 0.5, effective from April 17, 2025[53] Accounts Receivable and Collateral - Accounts receivable from margin clients amounted to HKD 6,300,000 as of September 30, 2025, down from HKD 13,131,000 as of March 31, 2025[23] - The fair value of securities pledged as collateral for margin clients was approximately HKD 7,486,000 as of September 30, 2025, compared to HKD 28,490,000 as of March 31, 2025[24] - As of September 30, 2025, the accounts receivable from margin clients was 100% secured by sufficient collateral, consistent with March 31, 2025[25] - The loss provision for accounts receivable from loan financing decreased from HKD 13,051,000 on March 31, 2025, to HKD 1,421,000 on September 30, 2025, after write-offs of HKD 11,630,000[28] - As of September 30, 2025, accounts receivable from supply chain financing amounted to HKD 151,694,000, slightly up from HKD 147,533,000 on March 31, 2025[29] Trading Activity - The total trading value for the period was approximately HKD 647,262,000, compared to HKD 1,421,987,000 for the corresponding period ending September 30, 2024[34] - The number of active trading accounts increased to 207 as of September 30, 2025, up from 181 a year earlier[34] - Interest income from loan financing and margin financing services decreased by approximately 38.4%, from HKD 1,691,000 in the corresponding period to HKD 1,042,000 in the current period[37] - The company did not undertake any underwriting or placement mandates during the reporting period, compared to four mandates in the corresponding period, resulting in no related fees or commission income[36] New Initiatives - The company launched a new trading system and mobile application on February 26, 2024, enhancing user experience and operational efficiency[34] - The company aims to expand its VIP client base to increase revenue and enhance brand awareness[35] - The company has implemented a brand revitalization plan to attract new clients and reactivate existing ones[34] - The company established three open-end fund companies to expand its asset management services, with no recorded fee income from asset management services during the reporting period[39] - The company has obtained a trust license in Hong Kong and officially commenced trust services, recording trust setup fees of approximately HKD 18,000 and net service fees of approximately HKD 505,000[42][50] Compliance and Governance - The company did not recognize any taxable profits in Hong Kong for the six months ended September 30, 2025, resulting in no provision for Hong Kong profits tax[18] - The company’s management believes that accounts receivable from clearing houses and cash clients are fully recoverable, thus no impairment provision is necessary[23] - The company confirmed an asset impairment loss of approximately HKD 5,278,000 during the reporting period, compared to a loss of approximately HKD 8,423,000 in the corresponding period[50] - The company has complied with the corporate governance code as per GEM listing rules, with some deviations noted[62] - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited consolidated results for the reporting period[67] Other Information - As of September 30, 2025, the company had no pledged assets, consistent with the situation on March 31, 2025[54] - The company reported no listed investments as of September 30, 2025, compared to HKD 4,738,000 on March 31, 2025[55] - During the reporting period, there were no realized investment losses, contrasting with a loss of HKD 398,000 in the corresponding period[56] - There were no significant acquisitions or disposals related to subsidiaries, associates, or joint ventures during the reporting period[58] - As of September 30, 2025, the company had no significant contingent liabilities[59] - The company reported no unfulfilled significant capital commitments as of September 30, 2025[60] - The board is not aware of any significant events that require disclosure after September 30, 2025[61]

(股份代號：8221) 薪酬委員會 職權範圍 本職權範圍以英文發行，並另附中文譯本。若本職權範圍中文版中的中文詞彙或術語的涵義 與英文版中的英文詞彙或術語的涵義有任何衝突，應以英文詞彙或術語的涵義為準。 最新版本：於二零二五年十一月二十五日更新 （於開曼群島註冊成立的有限公司） Gaoyu Finance Group Limited 高裕金融集團有限公司 薪酬委員會職權範圍 2. 委員會成員應不時由董事會從董事中委任，並由不少於三名成員組成，而成員當中大多 數應為獨立非執行董事。 3. 委員會主席（「主席」）須由董事會委任，並須為獨立非執行董事。 4. 每名成員應向委員會披露： (i) 在委員會將決定的任何事宜中擁有的任何個人財務利益（因本公司股東身份而擁有 的利益除外）；或 (ii) 因同時兼任其他公司的董事而產生的潛在利益衝突。 5. 委員會秘書由本公司的公司秘書或委員會所委任之其他人士擔任。 6. 會議可透過親身出席、電話會議或視像會議的方式舉行。成員可使用電話會議或類似的 傳訊設備出席會議，且須確保所有出席會議的成員能以該傳訊設備通話。 7. 委員會會議的法定人數為兩名成員。 8. 本公司主管人力資源 ...

（於開曼群島註冊成立的有限公司） 高裕金融集團有限公司 提名委員會職權範圍 (股份代號：8221) 提名委員會 職權範圍 本職權範圍以英文發行，並另附中文譯本。若本職權範圍中文版中的中文詞彙或術語的涵義 與英文版中的英文詞彙或術語的涵義有任何衝突，應以英文詞彙或術語的涵義為準。 最新版本：於二零二五年十一月二十五日更新 Gaoyu Finance Group Limited 2 A. 成立 1. 高裕金融集團有限公司（「本公司」）董事（「董事」）會（「董事會」）於二零一六年十二 月五日議決在董事會下成立一個名為提名委員會（「委員會」）的委員會。 B. 成員 5. 委員會秘書由本公司的公司秘書或委員會所委任之其他人士擔任。 6. 會議可透過親身出席、電話會議或視像會議的方式舉行。成員可使用電話會議或類似的 傳訊設備出席會議，且須確保所有出席會議的成員能以該傳訊設備通話。 7. 委員會會議的法定人數為兩名成員。 8. 本公司主管人力資源部門及/或行政部門之董事及／或管理人員，以及外部顧問可應委員 會之邀請列席會議。 C. 出席會議 10. 主席經諮詢秘書後應決定召開會議的次數及時間。開會次數須符合委員會的職務及責 ...

（於開曼群島註冊成立的有限公司） (股份代號：8221) 審核委員會 職權範圍 本職權範圍以英文發行，並另附中文譯本。若本職權範圍中文版中的中文詞彙或術語的涵義 與英文版中的英文詞彙或術語的涵義有任何衝突，應以英文詞彙或術語的涵義為準。 最新版本：於二零二五年十一月二十五日更新 1 Gaoyu Finance Group Limited 高裕金融集團有限公司 審核委員會職權範圍 A. 成立 1. 高裕金融集團有限公司（「本公司」）董事（「董事」）會（「董事會」）於二零一六年十二 月五日議決在董事會下成立一個名為審核委員會（「委員會」）的委員會。 B. 成員 C. 出席會議 2 2. 委員會成員應不時由董事會從本公司非執行董事中委任，並由不少於三名成員組成，而 成員當中大多數應為獨立非執行董事。 3. 最少一名成員必須具備香港聯合交易所有限公司 GEM 證券上市規則（「GEM 上市規 則」）規定的適當專業資格或具備適當的會計或相關的財務管理專長。 4. 本公司現時的核數公司的前任合夥人在以下日期（以日期較後者為準）起計兩年內，不 得擔任委員會成員： (i) 其終止成為該公司合夥人的日期；或 (ii) 其不再享有 ...

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的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因依賴該等內容 而引致的任何損失承擔任何責任。 高裕金融集團有限公司 主席兼執行董事 謝青純 香港，二零二五年十一月十二日 （於開曼群島註冊成立的的有限公司 （於份份號： 8221 董事會會議通告 高裕金融集團有限公司於「本公司」 董事於「董事」 會於「董事會」 謹此宣佈，將開二零二五年十 一月二十五日於星期二 假座香港中環皇后大道中 183：中遠大廈 44樓 4409室舉行董事會會議，藉 以於其中包括 考慮及批准本公司及其附屬公司截至二零二五年九月三十日止六個月的未經審核綜 合中期業績，及考慮派發中期份息於如有 。 承董事會命 開本公告日期，董事會由五名董事組立，即執行董事謝青純女士於主席 及霍潔儀女士；及獨的非 執行董事陳凱媛女士、唐永智先生及關子臻先生。 本公告乃遵照香港聯合交易所有限公司 GEM 證券上市規則的規定而提供有關本公司的資料，各董事 願共同及個別就此負全責。董事在作出一切合理查詢後確認，就彼等所深知及確信，本公告所載資 料在所有重大 ...

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 | 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) | 08221 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 160,000,000 | HKD | | 0.5 | HKD | | 80,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 160,000,000 | HKD | | 0.5 | HKD | | 80,000,000 | 本月底法定/註冊股本總額： HKD 80,000,000 FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 ...

Group 1 - The core point of the article highlights the recent changes in the shareholding and management structure of Gao Yu Financial, along with its financial performance for the fiscal year ending March 31, 2025 [1] Group 2 - On October 8, shareholders transferred shares worth HKD 6.2749 million from BOC International Securities to Hongzhi Securities, representing 10.06% of the total shares [1] - Mr. Huo Yutang resigned as Executive Director due to health reasons and will no longer serve as Chairman of the Board, effective from August 1, 2025 [1] - Executive Director Xie Qingchun has been appointed as Chairman, effective from August 1, 2025 [1] - For the fiscal year ending March 31, 2025, the company reported total revenue of HKD 30.491 million, an increase of 29.25% year-on-year [1] - The company experienced a loss attributable to shareholders of HKD 12.907 million, compared to a profit of HKD 8.887 million in the previous year, marking a significant shift from profit to loss [1] - The basic loss per share was reported at HKD 0.2928 [1]

Group 1 - The core point of the article highlights the transfer of shares in Gao Yu Financial (08221) from BOC International Securities to Hongzhi Securities, with a market value of HKD 6.2749 million, representing 10.06% of the total shares [1] - Gao Yu Financial announced the resignation of Mr. Huo Yutang as executive director due to health reasons, effective from August 1, 2025, with executive director Xie Qingchun being appointed as chairman from the same date [1] - The company reported its annual performance for the year ending March 31, 2025, showing total revenue of HKD 30.491 million, an increase of 29.25% year-on-year, but a shareholder loss of HKD 12.907 million compared to a profit of HKD 8.887 million in the previous year, resulting in a basic loss per share of HKD 0.2928 [1]