智通财经APP讯，华星控股(08237)公布，预期该集团将于2025年首六个月取得收入约1400万港元，同比 减少约800万港元，及于2025五年首六个月取得公司拥有人应占亏损约4200万港元，同比增加约700万港 元。 新加坡华星酒店已自2024年起进行翻新工程。于2025年首六个月，华星酒店附属建筑及主建筑若干部分 的翻新及保养工程范围扩大，进一步影响华星酒店的业务。相关工程预期将于2025年底前完成。董事会 认为，于2025年首六个月的上述估计收入减少及公司拥有人应占亏损增加主要由于华星酒店扩大翻新及 保养工程范围，导致可用客房总数进一步减少。 ...

华星控股(08237)公布，预期该集团将于2025年首六个月取得收入约1400万港元，同比减少约800万港 元，及于2025五年首六个月取得公司拥有人应占亏损约4200万港元，同比增加约700万港元。 新加坡华星酒店已自2024年起进行翻新工程。于2025年首六个月，华星酒店附属建筑及主建筑若干部分 的翻新及保养工程范围扩大，进一步影响华星酒店的业务。相关工程预期将于2025年底前完成。董事会 认为，于2025年首六个月的上述估计收入减少及公司拥有人应占亏损增加主要由于华星酒店扩大翻新及 保养工程范围，导致可用客房总数进一步减少。 ...

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 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Link Holdings Limited 華 星 控 股 有 限 公 司* （於開曼群島註冊成立之有限公司） （股份代號：8237） 盈利預警 本公告由華星控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」）根據香 港聯合交易所有限公司GEM證券上市規則（「GEM上市規則」）第17.10條及香港法 例第571章證券及期貨條例第XIVA部項下之內幕消息條文（ 定義見GEM上市規則 ） 而刊發。 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六月三十日止六個月（「二零二五年首六個月」）最新 未 經 審 核 綜合 管 理 賬 目 之 初 步 審 閱（ 有 關 賬 目未 經 本 公 司 獨 立 核 數 師及 ╱ 或 審 核 委員會審閱或審核 ），並考慮到董事會目前可得之資料，預 ...

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 任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Link Holdings Limited 華 星 控 股 有 限 公 司* （於開曼群島註冊成立之有限公司） 華星控股有限公司 行政總裁兼執行董事 （股份代號：8237） 董事會會議通告 華星控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）的董事（「董事」）會 （「董事會」）謹此宣佈，本公司將於二零二五年八月二十二日（ 星期五 ）舉行董事會 會議，以（ 其中包括 ）(i)考慮及批准本集團截至二零二五年六月三十日止六個月的 未經審核中期業績及其刊發；(ii)考慮派付中期股息（ 如有 ）；及(iii)處理任何其他 事務。 賀丁丁 承董事會命 香港，二零二五年八月十二日 於 本 公 告 日 期 ， 執 行 董 事 為 賀 丁 丁 先 生 及 呂 天 舜 先 生 ； 非 執 行 董 事 為 黃 俊 雄 先 生 、 趙 公 直 先 生 、 ...

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。 Link Holdings Limited 華 星 控 股 有 限 公 司* 內幕消息 本公告乃由華星控股有限公司（「本公司」）根據GEM上市規則第17.10 (2) (a)條及第 17.21 條以及香港法例第571 章證券及期貨條例第XIVA部下的內幕消息條文（ 定義 見GEM上市規則 ）而作出。 茲 提 述 本 公 司 日 期 為 二 零 二 四 年 十 二 月 十 二 日 的 公 告（「該 公 告」）， 內 容 有 關（ 其 中包 括 ）HHI（ 作 為借款 人 ）、LHI（ 作為 營運 公司及 擔保 人 ）、本公 司（ 作 為上 市公 司及擔保人 ）與獨立第三方（「貸款人」）於二零二四年十月三十日就7,500萬新加坡 元的定期貸款融資（「該融資」）訂立的融資協議。除文義另有所指外，本公告所用 詞彙與該公告所界定者具有相同涵義。 於二 ...

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7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: 華星控股有限公司 (於開曼群島註冊成立之有限公司) 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 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) | 08237 | 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 | | | 201,024,000 | | 0 | | 201,024,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 201,024,000 | | 0 | | 201,02 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 之 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或 任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 Link Holdings Limited 華 星 控 股 有 限 公 司* （於開曼群島註冊成立之有限公司） （股份代號：8237） 有關實施行動計劃 以解決不發表意見之 季度更新 茲提述華星控股有限公司（「本公司」）於二零二五年四月七日刊發之截至二零二四 年十二月三十一日止財政年度之年報（「年報」）。除文義另有所指外，本公告所用 詞彙與年報所界定者具有相同涵義。 本 公 司 核 數 師 於 年 報 內 就 持 續 經 營 對 本 公 司 之 綜 合 財 務 報 表 發 表 不 發 表 意 見 （「 不 發 表 意 見 」）， 而 本 公 司 已 於 年 報 第 12 及 13 頁 披 露 其 處 理 不 發 表 意 見 之 行 動 計劃（「行動計劃」）。 本公司謹此提供自二零二五年四月七日（ 即年報刊發日期 ）起至本公告日期止實施 行動 ...

Financial Performance - The total revenue from hotel operations for the year was approximately HKD 41.7 million, a decrease of about 28.6% compared to the previous fiscal year due to renovation works at the Singapore hotel [10]. - The loss attributable to owners for the year was approximately HKD 146.5 million, an increase of about 58.2 million or approximately 66.0% compared to the previous fiscal year [10]. - The increase in loss was primarily due to a revenue decrease of approximately HKD 16.7 million and an increase in gross profit of approximately HKD 19.8 million [10]. - Room revenue for the year was approximately HKD 29.2 million, accounting for about 70.1% of total hotel operating revenue, down from 82.3% in the previous year [18]. - The average room rate increased to HKD 706.5, compared to HKD 599.3 in the previous year, while the occupancy rate decreased to 64% from 70.0% [19]. - The group reported a loss of HKD 150.91 million for the year ending December 31, 2024, with a net current liability of HKD 499.60 million [44]. - The company incurred a loss of approximately HKD 150.9 million for the year ending December 31, 2024, with a net current liability of about HKD 499.6 million [114]. Debt and Financing - Financing costs for interest-bearing other borrowings increased by approximately HKD 27.0 million during the year [10]. - As of December 31, 2024, the total interest-bearing bank and other borrowings amounted to HKD 427.86 million, with an additional HKD 83.93 million in other financial liabilities [44]. - The group’s total interest-bearing bank borrowings and other financial liabilities increased to HKD 520.81 million as of February 28, 2025 [45]. - The company entered into a financing agreement providing a loan of SGD 75 million at an annual interest rate of 9%, with additional terms for interest adjustments [163]. - The company has drawn down SGD 75 million from the financing agreement to repay convertible bonds and fund operational expenses [164]. - HHI is required to repay the loan financing in full one year from the date of drawdown, with a prepayment of SGD 3,025,000 due on December 26, 2023 [170]. - HHI agreed to defer and waive interest payments totaling SGD 4,114,257.67 until February 26, 2024, with an annual interest rate of 11% [171]. Operational Outlook - The company maintains a cautiously optimistic outlook for the future, particularly with the expected completion of renovation works by the end of 2025 [11]. - The tourism industry is anticipated to recover rapidly as global vaccination efforts continue and travel restrictions are gradually eased [11]. - The company aims to enhance overall asset returns and corporate value moving forward [11]. - The group’s Singapore operations are gradually recovering post-COVID-19, with expectations of generating operating profits from the Huaxing Hotel [49]. - The company is actively seeking refinancing to stabilize its financial foundation, with a focus on its hotel portfolio and potential expansion plans based on current market conditions [58]. - The company is excited about future opportunities, including the potential development of the Bintan Resort, while emphasizing the need for timely refinancing [60]. Corporate Governance - The board of directors consists of nine members, including two executive directors and four non-executive directors, reflecting a stable governance structure [67]. - The company is dedicated to high standards of corporate governance to align with shareholder interests [64]. - The board confirmed its responsibility for preparing the consolidated financial statements, ensuring they reflect the group's financial position and performance accurately [90]. - The company has established an enterprise risk management framework to effectively implement risk management, focusing on managing rather than eliminating risks [91]. - The board is responsible for ensuring the effectiveness of the risk management and internal control systems, with annual reviews conducted [92]. - The company has established a written policy regarding conflict of interest management, including examples and action plan guidelines [108]. Employee and Workforce - The total employee cost for the year is approximately HKD 26.9 million, an increase from approximately HKD 17.0 million in 2023, primarily due to an increase in the number of employees from 50 to 60 [30]. - The group has a total of 60 employees as of December 31, 2024, reflecting a commitment to maintaining a competitive workforce [30]. - As of December 31, 2024, approximately 48% of the company's employees, including senior management, are female, achieving gender diversity goals [77]. Risk Management - The group has implemented various risk management measures to mitigate operational and financial risks, including monitoring competitors and macroeconomic conditions [39]. - The company has implemented clear internal control policies and procedures, defining responsibilities and establishing a whistleblowing mechanism [102]. - An independent internal control consultant has been appointed to conduct an annual review of the internal control system [103]. Shareholder Information - The company does not recommend the distribution of a final dividend for the year, consistent with the previous year [36]. - The company has zero distributable reserves as of December 31, 2024, according to the Companies Ordinance [149]. - The company held its annual general meeting on May 31, 2024, with all directors present either in person or electronically [121]. Strategic Initiatives - The group is considering seeking potential investors to fund the completion or acquisition of the Bintan assets, which have faced delays due to financial constraints and COVID-19 [20]. - The company is reviewing its hotel and investment portfolio, considering financing options through debt or equity issuance, and exploring strategic partnerships to enhance project profitability [53]. - The major shareholder has reaffirmed their commitment to provide sufficient financial support to alleviate operational funding pressures [54].

Financial Performance - The company reported a comprehensive financial performance for the year ending December 31, 2024, in accordance with Hong Kong accounting standards[3]. - The annual performance announcement complies with GEM listing rules and has been reviewed by the company's audit committee[4]. - Total hotel operating revenue for the year was approximately HKD 41.7 million, a decrease of about 28.6% compared to the previous fiscal year[16]. - The attributable loss to shareholders was approximately HKD 146.5 million, an increase of about 66.0% or HKD 58.2 million compared to the previous fiscal year[16]. - The group reported a loss of HKD 150.91 million for the year ending December 31, 2024, with a net current liability of HKD 499.60 million[50]. - As of December 31, 2024, the group had total liabilities of approximately HKD 473.9 million and a total deficit of approximately HKD 81.3 million, making the capital-to-debt ratio not applicable[34]. - The group did not incur any losses from bad debt assets this year, but recorded an expected credit loss provision of approximately HKD 9.9 million, up from HKD 5.3 million in 2023[27]. Governance and Board Composition - The board of directors collectively and individually confirms the accuracy and completeness of the information provided in the announcement[7]. - The executive directors include Mr. He Dingding (CEO) and Mr. Lv Tianshun, while the non-executive directors include Mr. Zhao Gongzhi and Mr. Huang Junxiong (Chairman)[11]. - The company has undergone changes in its board composition, with new appointments and resignations noted for various directors[11]. - The board consists of 9 members, with 1 female member, and aims to maintain at least one female board member[84]. - The company has adopted a board diversity policy to enhance diversity through various factors, including gender and experience[82]. - The independent non-executive directors have confirmed their independence according to GEM listing rules[74]. - The board is responsible for setting strategies and policies, overseeing management performance, and ensuring the company's success[80]. Corporate Governance and Compliance - The company is committed to transparency and accountability in its financial reporting and corporate governance[7]. - The company is committed to high standards of corporate governance to align with shareholder interests[70]. - The company has established clear guidelines for the management's authority and regularly reviews these delegations[81]. - The company has established a framework for the Audit Committee to review financial reporting and risk management practices[88]. - The group has complied with all applicable environmental protection laws and regulations during the year[43]. - The company has maintained compliance with all relevant laws and regulations throughout the year[185]. Risk Management - The group has implemented several risk management measures to mitigate operational and financial risks, including monitoring competitors and adjusting business activities according to macroeconomic conditions[45]. - The group has established a risk register to document identified risks and has developed a three-year internal control review plan to effectively monitor and mitigate major risks[107]. - The company emphasizes a risk management process that includes identifying, assessing, responding to, and monitoring risks[102]. - The board is responsible for ensuring the effectiveness of the enterprise risk management system and reviews it at least annually[98]. Future Prospects and Strategies - The company remains cautiously optimistic about future prospects, especially with the expected completion of renovations by the end of 2025[17]. - The company aims to enhance overall asset returns and corporate value in the face of challenges and opportunities[17]. - The company is actively seeking refinancing options through long-term secured loans and/or equity financing to address its net current liabilities[56]. - The company anticipates that the Singapore hotel business will generate sufficient operating profit to cover expenses as it gradually recovers from the COVID-19 pandemic[55]. - The company is cautiously optimistic about future prospects, expecting a strong recovery in the tourism industry as global vaccination efforts continue and travel restrictions ease[64]. Employee and Compensation - The total employee cost for the year was approximately HKD 26.9 million, an increase from HKD 17.0 million in 2023, primarily due to an increase in the number of employees from 50 to 60[36]. - The group emphasizes the importance of maintaining competitive compensation packages to attract capable employees in the labor-intensive hotel industry[48]. - The management is committed to providing comprehensive training for employees to enhance service quality and customer satisfaction[48]. Shareholder Engagement and Dividends - The board does not recommend the distribution of a final dividend for the year[42]. - The company has adopted a dividend policy that considers its financial performance, cash flow, and overall business conditions before declaring dividends[122]. - The company held its annual general meeting on May 31, 2024, where all directors attended either in person or electronically[127]. Financing and Capital Structure - The company has entered into a financing agreement for a loan of SGD 75 million at an annual interest rate of 9%[169]. - The company redeemed all obligations under the 2015 convertible bonds, paying a total of HKD 41,202,380.14[172]. - The group has a total of HKD 83.93 million in other financial liabilities that require repayment, including various payable amounts[50]. - The company has not reported any changes in its capital structure during the year[156]. Share Options and Employee Incentives - The 2014 Share Option Scheme will expire on June 19, 2024, after a 10-year term[191]. - A new 2024 Share Option Scheme has been adopted, effective from May 31, 2024, for another 10 years[199]. - The maximum number of shares that can be issued under the 2024 Share Option Scheme is also limited to 10% of the total issued shares without prior shareholder approval[198].

Financial Performance - The group's hotel operating revenue was approximately HKD 22.1 million, a decrease of about 15.3% compared to HKD 26.0 million in the same period last year[8]. - The loss attributable to the company's owners was approximately HKD 34.7 million, compared to a loss of HKD 57.1 million in the previous year[8]. - Basic loss per share was approximately HKD 0.829, an improvement from HKD 1.425 in the previous year[12]. - The group's gross profit was HKD 10.8 million, down from HKD 17.9 million year-on-year[9]. - The total comprehensive loss for the period was HKD 48.3 million, compared to HKD 64.7 million in the previous year[12]. - The group reported a pre-tax loss of HKD 33.3 million, compared to HKD 55.3 million in the previous year[9]. - Hotel operating revenue for the six months ended June 30, 2024, was HKD 22,067,238, a decrease of 15.0% compared to HKD 26,042,379 for the same period in 2023[35]. - The group reported a loss before tax of HKD 57,056,335 for the six months ended June 30, 2024, compared to a loss of HKD 34,735,996 for the same period in 2023[42]. - The net loss attributable to owners for the period was approximately HKD 34.7 million, a significant reduction of about 39.1% from HKD 57.1 million in the previous year[54]. Revenue Breakdown - The revenue from hotel rooms was HKD 16,117,193, down 24.7% from HKD 21,381,940 in the previous year[35]. - Food and beverage revenue was approximately HKD 3.2 million, representing about 14.6% of total hotel operating revenue, up from 4.7% in the previous year[56]. - Rental income from hotel properties was HKD 2,364,073, down 24.6% from HKD 3,137,323 in the previous year[35]. - Rental income from hotel tenants was approximately HKD 2.4 million, accounting for about 10.7% of total hotel revenue, down from 12.1% in the previous year[56]. - Room revenue for the period was approximately HKD 16.1 million, accounting for about 73.0% of total hotel operating revenue, down from 82.1% in the previous year[55]. Expenses and Costs - Administrative expenses amounted to HKD 18.8 million, a significant decrease from HKD 55.5 million in the previous year[9]. - Financial costs increased to HKD 25.1 million from HKD 17.7 million year-on-year[9]. - Employee costs for the period were HKD 6,365,357, a decrease of 34.5% from HKD 9,729,474 in the previous year[39]. - The group incurred depreciation expenses of HKD 4,767,368 for property, plant, and equipment, a decrease from HKD 5,475,417 in the previous year[39]. Assets and Liabilities - As of June 30, 2024, total non-current assets decreased to HKD 519,221,547 from HKD 550,629,930 as of December 31, 2023, representing a decline of approximately 5.7%[13]. - Current assets totaled HKD 57,247,451, down from HKD 66,312,651, indicating a decrease of about 13.9%[13]. - The net current liabilities increased to HKD (435,237,901) from HKD (423,017,250), reflecting a rise of approximately 2.9%[14]. - Total liabilities increased to HKD 492,485,352 from HKD 489,329,901, showing a slight increase of about 0.4%[13]. - Cash and cash equivalents decreased to HKD 22,399,833 from HKD 26,040,912, a decline of approximately 13.9%[13]. - The total equity attributable to owners decreased to HKD 23,049,965 from HKD 71,203,991, a significant decline of about 67.6%[14]. - The total assets less current liabilities stood at HKD 83,983,646, down from HKD 127,612,680, a decrease of approximately 34.2%[14]. Strategic Focus and Future Plans - The company is focusing on improving operational efficiency and reducing costs in response to the challenging market conditions[7]. - Future strategies include exploring new market opportunities and potential partnerships to enhance revenue streams[7]. - The company is considering potential investors to fund the completion or acquisition of the Bintan asset due to financial constraints and delays caused by the COVID-19 pandemic[57]. - The company aims to enhance its position in the rapidly growing tourism market in the region through the Bintan Resort project, which will diversify revenue sources[100]. - The company is committed to providing exceptional guest experiences and strategically investing in special assets and restructuring opportunities[101]. Shareholder and Governance Matters - The company did not recommend any dividend for the six months ended June 30, 2024, consistent with the previous year[45]. - The company has maintained compliance with the corporate governance code as per GEM listing rules during the review period[104]. - The audit committee has reviewed the unaudited consolidated performance and believes it complies with applicable accounting standards and GEM listing rules[102]. - The company must comply with all resumption guidelines to avoid delisting, as the Stock Exchange can delist any securities suspended for 12 months[110]. - The company has obligations to disclose all significant information for shareholders and investors to assess its condition[110]. Financing and Debt Management - The company is actively seeking refinancing to stabilize its financial situation due to current liquidity challenges[101]. - The company is negotiating with existing financing institutions and convertible bondholders to extend loan terms and potentially restructure the convertible bonds[61]. - A financing agreement was signed for a loan of SGD 55 million at a fixed annual interest rate of 11%[97]. - HHI is required to repay the loan in full one year from the drawdown date, with a prepayment of SGD 3,025,000 due on December 26, 2023[98]. - The company has entered into a repayment deferral agreement with convertible bondholders, extending the deferral period to February 16, 2024, and plans to repay HKD 16,057,191.78 by that date[96]. Market Outlook - The company maintains a cautiously optimistic outlook for the future, anticipating a strong recovery in the tourism industry as COVID-19 restrictions ease[99]. - The reopening of the Hanazuki Onsen Hotel in Japan in Q3 2023 is expected to meet the growing interest in health tourism, although its performance has not met expectations due to financial and human resource constraints[100]. - The company is considering exploring options for the Hanazuki Onsen Hotel, including potential sale, to alleviate liquidity pressure[100]. - The development of the Bintan Resort is seen as a significant opportunity for regional expansion, contingent on successful refinancing[100]. - The company is excited about future opportunities, including the potential development of the Bintan Resort, while closely monitoring the refinancing process[101]. Share Options and Capital Management - The company has adopted a new share option scheme effective from May 31, 2024, to incentivize and retain eligible participants[71]. - The maximum number of shares available for issuance under the 2024 share option plan is capped at 10% of the total issued shares as of the adoption date[82]. - The share options granted during the review period represent 1.25% of the weighted average number of shares issued during the review period[92]. - The 2024 share option plan will be effective for a period of 10 years from the adoption date, which is May 31, 2024[87]. - The company has a policy that share options must be held for at least 12 months before they can be exercised[80].