Group 1 - The company expects to achieve revenue of approximately HKD 14 million in the first half of 2025, a decrease of about HKD 8 million year-on-year [1] - The company anticipates a loss attributable to owners of approximately HKD 42 million in the first half of 2025, an increase of about HKD 7 million year-on-year [1] - The renovation and maintenance works at the Singapore Huaxing Hotel, which began in 2024, will further impact the business by reducing the total number of available rooms [1] Group 2 - The scope of renovation and maintenance works at the hotel has expanded, which is expected to be completed by the end of 2025 [1] - The board believes that the estimated decrease in revenue and increase in loss are primarily due to the expanded renovation and maintenance works [1]

Core Viewpoint - Huaxing Holdings (08237) anticipates a revenue of approximately HKD 14 million for the first half of 2025, representing a year-on-year decrease of about HKD 8 million, and a loss attributable to shareholders of approximately HKD 42 million, an increase of about HKD 7 million year-on-year [1] Group 1 - The renovation project of Huaxing Hotel in Singapore commenced in 2024, with an expanded scope affecting the business in the first half of 2025 [1] - The estimated revenue decrease and increased loss for the first half of 2025 are primarily due to the expanded renovation and maintenance scope, leading to a further reduction in the total number of available rooms [1] - The renovation and maintenance works are expected to be completed by the end of 2025 [1]

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司 對 本 公 告 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 ...

6月4日，截至港股收盘，恒生指数上涨0.6%，报23654.03点。华星控股（08237.HK）收报0.205港元/ 股，上涨43.36%，成交量122.46万股，成交额27.94万港元，振幅73.43%。 最近一个月来，华星控股累计跌幅39.92%，今年来累计跌幅77.5%，跑输恒生指数17.21%的涨幅。 财务数据显示，截至2024年12月31日，华星控股实现营业总收入3857.98万元，同比减少28.58%；归母 净利润-1.36亿元，同比减少65.97%；毛利率42.87%，资产负债率116.37%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，旅游及消闲设施行业市盈率（TTM）平均值为40.13倍，行业中值-0.68倍。华星控股市 盈率-0.16倍，行业排名第131位；其他易站绿色科技（08475.HK）为0.42倍、LET GROUP （01383.HK）为0.7倍、嘀嗒出行（02559.HK）为1.09倍、OKURA HOLDINGS（01655.HK）为1.12 倍、陆庆娱乐（08052.HK）为1.34倍。 大事提醒 本文源自：金融界 作者：行情君 2025年6月3日， ...

Group 1 - A total of 57 stocks reached a 52-week high as of May 13, with the top three being Sound Technology (02495), Lehua Entertainment (02306), and Du Fu Wine Group (00986), achieving high rates of 42.16%, 28.42%, and 23.28% respectively [1] - The closing prices and highest prices for the top three stocks are as follows: Sound Technology at 442.000 and 447.800, Lehua Entertainment at 1.160 and 1.220, and Du Fu Wine Group at 0.142 and 0.143 [1] - Other notable stocks that reached new highs include Shengbo Holdings (02977) with a high rate of 19.72% and Yongjia Group (03322) with 13.64% [1] Group 2 - The report also lists stocks that reached 52-week lows, with Huaxing Holdings (08237) experiencing the largest decline at -28.00% [2] - Other significant declines include Blue River Holdings (00498) at -18.00% and XI Ernan CO-U (09311) at -17.99% [2] - The closing prices for the lowest-performing stocks include Huaxing Holdings at 0.196, Blue River Holdings at 0.054, and XI Ernan CO-U at 5.235 [2]

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].