WEALTH GLORY HOLDINGS LIMITED 富譽控股有限公司 If you for any reason have difficulty in receiving email notification or gaining access to the Website Version of the Corporate Communications and would like to receive the Current Corporate Communication and all future Corporate Communications in printed form, please complete, sign the enclosed Reply Form and return it to the Company's Branch share registrar in Hong Kong, Tricor Investor Services Limited ("Branch Share Registrar") at 17/F, Far East Finance Centre, 16 ...

WEALTH GLORY HOLDINGS LIMITED 富譽控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） （於開曼群島註冊成立的有限公司） （股份代號：8269） （Stock Code 股份代號：8269） NOTIFICATION LETTER 通知信函 31 July 2025 Dear Non-registered Shareholder(s) (Note 1) , Wealth Glory Holdings Limited (the "Company") – Notification of publication of 2025 Annual Report and Circular dated 31 July 2025 together with Notice of Annual General Meeting (the "Current Corporate Communication") The English and Chinese versions of the Com ...

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通告之內容概不負責， 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通告全部或任何 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。 WEALTH GLORY HOLDINGS LIMITED 富譽控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8269） 股東週年大會通告 茲通告富譽控股有限公司（「本公司」）謹訂於二零二五年九月二十六日（星期五） 上午十一時正假座香港皇后大道中99號中環中心12樓2室舉行股東週年大會，以處 理以下事項：－ 1 1. 省覽、考慮及採納截至二零二五年三月三十一日止年度之經審核綜合財務報表、 本公司董事（「董事」）會報告及本公司外聘核數師報告。 2. (a) 重選藺夙女士為執行董事； (b) 重選陳嘉洪先生為獨立非執行董事；及 (c) 授權董事會（「董事會」）釐定董事薪酬。 3. 重新委聘致寶信勤會計師事務所有限公司為本公司外聘核數師並授權董事會 釐定其酬金。 4. 作為特別事項，考慮並酌情通過下列決議案（「決議案」）作為普通決議案（無 論有否修訂）： A. 「動議： (I) 在下文(III) ...

此乃要件 請即處理 閣下如對本通函之任何方面或採取之行動有任何疑問，應諮詢 閣下之持牌證券交易 商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有富譽控股有限公司（「本公司」）之股份，應立即將本通 函及隨附之代表委任表格送交買主或承讓人，或經手買賣或轉讓之銀行、持牌證券交 易商或其他代理商以便轉交買主或承讓人。 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通函之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通函全部或任何部分 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。 WEALTH GLORY HOLDINGS LIMITED 富譽控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8269） (1)建議授出發行及購回股份的一般授權； (2)建議重選董事； (3)建議重新委聘核數師； 及 (4)股東週年大會通告 本公司謹訂於二零二五年九月二十六日（星期五）上午十一時正假座香港皇后大道中 99號中環中心12樓2室舉行股東週年大會，大會通告載於本通函第14至19頁。隨本通函 附奉適用於股東週年大會之代表委任表格。 無論 閣下能否出席 ...

富譽控股有限公司 香港聯合交易所有限公司（「聯交所」）GEM 的特性 GEM 的定位，乃為相比起其他在聯交所上市的公司帶有較高投資風險的公司提供一個上市的市場。有意投資的人士應 了解投資於該等公司的潛在風險，並應經過審慎周詳的考慮後方作出投資決定。GEM 的較高風險及其他特色表示GEM 較適合專業及其他資深的投資者。 由於GEM 上市公司新興的性質使然，在GEM 買賣的證券可能會較於主板買賣的證券承受較大的市場波動風險，同時亦 無法保證在GEM 買賣的證券會有高流通量的市場。 年 報 2025 ANNUAL REPORT 2025 年報 WEALTH GLORY HOLDINGS LIMITED 香港交易及結算所有限公司及聯交所對本報告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示 概不就因本報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。 本報告的資料乃遵照聯交所GEM 證券上市規則而刊載，旨在提供有關富譽控股有限公司（「本公司」）的資料；本公司的 董事（「董事」）願就本報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，確認就其所深知及深信， (1) ...

Group 1 - The core viewpoint of the news highlights the significant stock performance of Fuyue Holdings, which has seen a cumulative increase of 213.79% over the past month and 468.75% year-to-date, outperforming the Hang Seng Index by 22.22% [1] - As of March 31, 2025, Fuyue Holdings reported total revenue of 32.68 million yuan, a year-on-year increase of 9.74%, and a net profit attributable to shareholders of -3.29 million yuan, reflecting a year-on-year growth of 88.41% [1] - The company has a gross profit margin of 20.61% and a debt-to-asset ratio of 86.81% [1] Group 2 - Fuyue Holdings operates primarily in the fashion apparel sector, engaging in design, manufacturing, and sales through four divisions: consumer goods trading, natural resources and commodities, lending, and securities investment [2] - The average price-to-earnings (P/E) ratio for the textile and apparel industry is -16.56 times, with a median of 3.57 times, while Fuyue Holdings has a P/E ratio of -113.84 times, ranking 66th in the industry [1]

Summary of Key Points Core Viewpoint - As of July 3, a total of 120 stocks reached their 52-week highs, indicating a strong market performance with notable leaders in the list [1]. Group 1: Top Performers - The top three stocks with the highest increase rates are: - 富誉控股 (Fuyou Holdings) at 90.76%, closing at 0.435 with a peak of 0.475 [1] - 信义能源 (Xinyi Energy) at 65.00%, closing at 1.200 with a peak of 1.980 [1] - 中国三三传媒 (China San San Media) at 42.86%, closing at 1.710 with a peak of 1.900 [1] Group 2: Additional Notable Stocks - Other notable stocks include: - ITE HOLDINGS at 34.21% increase, closing at 0.047 with a peak of 0.051 [1] - 星凯控股 (Xingkai Holdings) at 30.00%, closing at 0.480 with a peak of 0.650 [1] - 北京北辰实业股份 (Beijing Beichen Industrial) at 26.47%, closing at 0.940 with a peak of 1.290 [1] Group 3: Overall Market Trends - The overall trend shows a significant number of stocks achieving new highs, reflecting positive investor sentiment and market conditions [1].

[Financial Highlights](index=2&type=section&id=Financial%20Highlights) [Key Financial Performance](index=2&type=section&id=Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) The company achieved a **9.6%** turnover growth and a significant **181.7%** gross profit increase in FY2025, with effective cost control and a substantial reduction in impairment losses on financial assets narrowing the annual loss from **HK$30.70 million** to **HK$3.56 million**, and a corresponding decrease in loss per share Consolidated Statement of Profit or Loss Key Data (For the year ended March 31) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Turnover | 35,409 | 32,265 | +9.7% | | Gross Profit | 7,299 | 2,591 | +181.7% | | Operating Loss | (3,085) | (30,320) | Loss narrowed by 89.8% | | Loss for the Year Attributable to Owners of the Company | (3,560) | (30,704) | Loss narrowed by 88.4% | | Basic Loss Per Share (HK cents) | (0.40) | (3.45) | Loss narrowed by 88.4% | - Provision for impairment losses on financial assets significantly decreased from **HK$15.83 million** in the previous year to **HK$2.04 million** this year, a key factor in the narrowed loss[4](index=4&type=chunk)[30](index=30&type=chunk) [Financial Position](index=3&type=section&id=Consolidated%20Statement%20of%20Financial%20Position) As of March 31, 2025, the company's total assets slightly decreased while total liabilities increased, leading to a decline in net assets from **HK$10.82 million** to **HK$7.26 million**, with a significant drop in net current assets Consolidated Statement of Financial Position Key Data (As of March 31) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | Change | | :--- | :--- | :--- | :--- | | Total Assets | 55,032 | 57,771 | -4.7% | | Total Liabilities | 47,772 | 46,951 | +1.7% | | Net Assets | 7,260 | 10,820 | -32.9% | | Net Current Assets | 7,260 | 17,081 | -57.5% | - Accounts payable significantly increased from **HK$3.85 million** to **HK$11.90 million**, a primary reason for the rise in current liabilities and decline in net current assets[5](index=5&type=chunk)[43](index=43&type=chunk) [Management Discussion and Analysis](index=14&type=section&id=Management%20Discussion%20and%20Analysis) [Financial Review](index=14&type=section&id=Financial%20Review) This fiscal year, the Group's turnover grew **9.6%** to **HK$35.40 million** due to increased consumer product sales, while gross profit significantly rose to **HK$7.30 million** from higher-margin product sales, and effective cost control reduced administrative expenses by **32.9%**, collectively narrowing the loss attributable to owners from **HK$30.70 million** to **HK$3.60 million** - Turnover increased by **9.6%** to **HK$35.40 million**, primarily driven by increased sales and distribution of consumer products[45](index=45&type=chunk) - Gross profit increased from **HK$2.60 million** to **HK$7.30 million**, mainly due to higher sales of high-margin products[45](index=45&type=chunk) - Administrative and other operating expenses decreased by **32.9%** year-on-year, primarily due to effective cost control measures and reduced marketing expenses[45](index=45&type=chunk) - Annual loss significantly narrowed to **HK$3.60 million** (2024: HK$30.70 million), mainly attributable to cost control, increased gross profit, and reduced provision for impairment losses on financial assets[46](index=46&type=chunk) [Business Review](index=14&type=section&id=Business%20Review) The Group's business is divided into four segments; this year, resources were concentrated on the strong-performing "Brands, Fashion Apparel and Other Consumer Products" business, which achieved robust revenue growth, while the money lending business saw reduced but still contributing income, securities investment recorded a loss, and natural resources and commodities trading was suspended due to an unfavorable macroeconomic environment Segment Performance by Business (For the year ended March 31) | Business Segment | 2025 Segment Results (HK$ thousand) | 2024 Segment Results (HK$ thousand) | Key Dynamics | | :--- | :--- | :--- | :--- | | Trading of Consumer Products | 9,297 | (7,187) | Shifted from loss to profit, becoming a core growth driver | | Money Lending Business | (3,332) | (2,408) | Loss widened, revenue decreased | | Trading of Resources and Commodities | (5,405) | (6,854) | Business suspended, loss mainly from impairment | | Securities Investment | (1,019) | (59) | Market volatility led to increased loss | [Brands, Fashion Apparel and Other Consumer Products](index=15&type=section&id=%E5%93%81%E7%89%8C%E3%80%81%E6%99%82%E5%B0%9A%E6%9C%8D%E9%A3%BE%E5%95%86%E5%93%81%E5%8F%8A%E5%85%B6%E4%BB%96%E6%B6%88%E8%B2%BB%E5%93%81) As the Group's core growth engine, consumer products business turnover increased by **12.5%** year-on-year to **HK$34.20 million**, with the Group optimistic about its prospects and planning continuous expansion through technology integration, own-brand development, and co-branding to enhance product value and profit margins - Turnover from consumer products and fashion apparel business reached **HK$34.20 million**, a **12.5%** year-on-year increase (2024: HK$30.40 million)[49](index=49&type=chunk) - The Group plans to enhance brand image and product profit margins by incorporating technological features into products, developing own brands, and collaborating with popular brands on co-designs[49](index=49&type=chunk)[52](index=52&type=chunk) [Money Lending Business](index=16&type=section&id=%E6%94%BE%E5%82%B5%E6%A5%AD%E5%8B%99) The money lending business recorded **HK$1.20 million** in interest income this year, a decrease from last year, with the Group believing market demand persists but growth is constrained by capital availability, and strict credit risk assessment and monitoring processes are in place - The money lending business recorded turnover (interest income) of **HK$1.20 million**, lower than **HK$1.90 million** last year[53](index=53&type=chunk) - As of March 31, 2025, all loans receivable were unsecured, with annual interest rates ranging from **6%** to **12%**, and the top five loans receivable accounted for **84.3%** of the total[55](index=55&type=chunk) - The Group manages credit risk through pre-lending independent credit risk assessments and post-lending monitoring procedures, including quarterly reports, overdue follow-ups, and legal actions[57](index=57&type=chunk)[58](index=58&type=chunk) [Securities Investment](index=17&type=section&id=%E8%AD%89%E5%88%B8%E6%8A%95%E8%B3%87) Affected by market volatility, the securities investment segment recorded a net loss of **HK$1.00 million**, while the fair value of the investment portfolio significantly increased to **HK$11.30 million**, mainly due to some loans receivable being settled with securities assets, and the Group employs a diversified investment portfolio strategy to mitigate risk - A net loss of **HK$1.00 million** from securities investment was recorded this year (2024: net loss of HK$0.06 million)[59](index=59&type=chunk) Details of Significant Investments (As of March 31, 2025) | Investment Target | Fair Value (HK$ thousand) | Percentage of Financial Assets | Percentage of Total Assets | | :--- | :--- | :--- | :--- | | New Concepts Holdings Limited | 3,914 | 34.6% | 7.1% | | China Investment and Finance Group Limited | 3,570 | 31.5% | 6.5% | | Other Securities | 3,836 | 33.9% | 7.0% | | **Total** | **11,320** | **100.0%** | **20.6%** | [Natural Resources and Commodities Trading](index=15&type=section&id=%E5%A4%A9%E7%84%B6%E8%B3%87%E6%BA%90%E5%8F%8A%E5%95%86%E5%93%81%E8%B2%BF%E6%98%93%E6%A5%AD%E5%8B%99) Due to an unfavorable macroeconomic environment, the natural resources trading business had no actual operations in both the current and previous fiscal years, with the Group having reallocated resources to the more promising consumer products business segment - The Group did not engage in natural resources trading business in both FY2024 and FY2025 due to an unfavorable macroeconomic environment caused by potential global issues and war crises[48](index=48&type=chunk) [Liquidity and Capital Resources](index=18&type=section&id=Liquidity%20and%20Financial%20Resources) The Group's liquidity tightened, with the current ratio decreasing from **1.4** to **1.2**, primarily due to increased accounts payable and reclassification of bonds payable, while the gearing ratio rose from **36.7%** to **46.5%** Key Ratio Changes | Metric | As of March 31, 2025 | As of March 31, 2024 | | :--- | :--- | :--- | | Gearing Ratio | 46.5% | 36.7% | | Current Ratio | 1.2 | 1.4 | [Outlook](index=20&type=section&id=Outlook) Looking ahead, the Group will continue to focus resources on developing its consumer products and fashion trend merchandise business, while leveraging its business network to identify other investment opportunities to diversify its business portfolio and maximize shareholder returns - The Group will continue to focus on the sales of consumer products and fashion trend merchandise, developing existing businesses through organic growth or acquisitions[70](index=70&type=chunk) - The Board will leverage business connections to identify other investment opportunities to enrich existing businesses and enhance shareholder returns[70](index=70&type=chunk) [Other Important Matters](index=11&type=section&id=Other%20Information) [Dividend Policy](index=11&type=section&id=Dividend) The Board did not recommend the payment of any dividend for the year ended March 31, 2025 - No dividends were paid or proposed by the company for the fiscal year 2025 (2024: nil)[33](index=33&type=chunk)[79](index=79&type=chunk) [Employees and Remuneration](index=20&type=section&id=Employees%20and%20Remuneration%20Policy) As of March 31, 2025, the Group's employee count decreased to **23** from **38** last year, with total annual staff costs approximately **HK$1.20 million**, a year-on-year decrease, and remuneration policy determined by market levels and individual performance Employee Data | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Number of Employees (including Directors) | 23 | 38 | | Total Staff Costs (approx.) | HK$1.20 million | HK$2.10 million | [Corporate Governance](index=21&type=section&id=Compliance%20with%20the%20Corporate%20Governance%20Code) During the reporting period, the company complied with all applicable provisions of the Corporate Governance Code, with one deviation: the notice period for certain regular board meetings was less than the fourteen days recommended by the Code to facilitate timely decision-making - The company deviated from Corporate Governance Code Provision C.5.3, where the notice period for some regular board meetings was less than fourteen days to allow for timely responses to investment opportunities and internal matters[75](index=75&type=chunk)

Group 1 - The Hang Seng Index rose by 1.74% to close at 22,504.68 points on May 2 [1] - Fuyou Holdings (08269.HK) closed at HKD 0.058 per share, up 81.25%, with a trading volume of 1.3183 million shares and a turnover of HKD 70,200, showing a volatility of 103.13% [1] - Over the past month, Fuyou Holdings has seen a cumulative decline of 28.89%, and a year-to-date decline of 60%, underperforming the Hang Seng Index's increase of 10.27% [1] Group 2 - As of September 30, 2024, Fuyou Holdings reported total revenue of HKD 14.5639 million, a year-on-year increase of 13.23%, and a net profit attributable to shareholders of -HKD 895,500, a year-on-year increase of 73.09% [1] - The company's gross margin stands at 13.64%, with a debt-to-asset ratio of 84.98% [1] - Currently, there are no institutional investment ratings for Fuyou Holdings [2] Group 3 - The textile and apparel industry has an average price-to-earnings (P/E) ratio (TTM) of -5.95 times, with a median of -0.42 times [2] - Fuyou Holdings has a P/E ratio of -1.02 times, ranking 113th in the industry [2] - Other companies in the industry include FAST RETAIL-DRS (06288.HK) with a P/E of 0.36 times, Zhejiang Yong'an (08211.HK) at 1.34 times, and others with higher P/E ratios [2] Group 4 - Fuyou Holdings is primarily engaged in the design, manufacturing, and sales of fashion apparel through four business segments: consumer goods trading, natural resources and commodities, lending, and securities investment [2]

Financial Performance - Revenue for the six months ended September 30, 2024, was HKD 16,150,000, an increase of 13.3% compared to HKD 14,263,000 for the same period in 2023[5] - Gross profit for the same period was HKD 2,203,000, representing a gross margin of 13.6%, up from HKD 1,931,000 in 2023[5] - The company reported a loss before tax of HKD 993,000, significantly improved from a loss of HKD 3,693,000 in the prior year[5] - Basic and diluted loss per share was HKD 0.11, compared to HKD 0.41 for the same period last year[7] - The company reported other income of HKD 1,236,000, a significant increase from HKD 120,000 in the previous year[5] - The company recorded a revenue of HKD 16,200,000 for the six months ended September 30, 2024, representing a 13.3% increase from HKD 14,300,000 in the same period last year[49] - The net loss for the six months was HKD 1,000,000, a significant reduction from a net loss of HKD 3,700,000 in the same period last year, primarily due to decreased marketing and operating expenses[50] Cash Flow and Assets - Cash and cash equivalents at the end of the period increased to HKD 6,437,000 from HKD 5,692,000 in the previous year[14] - Operating cash flow for the six months was HKD 403,000, a turnaround from a cash outflow of HKD 432,000 in the same period last year[14] - Total assets less current liabilities amounted to HKD 9,827,000, a decrease from HKD 10,820,000 as of March 31, 2024[9] - The fair value of listed securities increased to HKD 7,687,000 as of September 30, 2024, compared to HKD 308,000 as of March 31, 2024[38] - As of September 30, 2024, the group's net asset value decreased to HKD 9,800,000 from HKD 10,800,000 on March 31, 2024, a decline of 9.3%[57] - The group's cash and cash equivalents increased to HKD 6,400,000 as of September 30, 2024, compared to HKD 6,200,000 on March 31, 2024, showing a growth of approximately 3.2%[58] Inventory and Receivables - The company’s inventory as of September 30, 2024, was HKD 572,000, slightly down from HKD 583,000 in the previous year[9] - Accounts receivable increased to HKD 21,878,000 from HKD 17,850,000, indicating improved collection efforts[9] - Accounts receivable aged analysis showed a total of HKD 21,878,000 as of September 30, 2024, compared to HKD 17,850,000 in the previous year[15] Segment Performance - The company operates in four main segments: natural resources and commodities trading, consumer goods trading, lending business, and securities investment[28] - The company’s external revenue from natural resources and commodities trading was HKD 14,617,000, an increase from HKD 12,964,000 in the previous year[28] - The company’s lending business generated revenue of HKD 1,533,000, up from HKD 1,299,000 in the previous year[28] - The lending business recorded revenue of HKD 1,500,000 for the review period, up from HKD 1,300,000 in 2023, indicating a growth of about 15.4%[54] - The group's revenue for the consumer goods and fashion apparel business reached HKD 14,600,000 for the period ending September 30, 2024, compared to HKD 13,000,000 in 2023, reflecting an increase of approximately 12.3%[53] Expenses and Liabilities - The cost of goods sold amounted to HKD 13,947,000, up from HKD 12,332,000 in the previous year, reflecting an increase in operational costs[32] - The company incurred corporate and other unallocated expenses of HKD 1,683,000 during the period, compared to HKD 2,156,000 in the previous year[28] - Operating expenses decreased by 30.3% to HKD 2,300,000 from HKD 3,300,000 year-on-year[50] - The debt-to-equity ratio increased to 38.2% as of September 30, 2024, up from 36.7% on March 31, 2024, indicating a rise in financial leverage[58] Shareholder Information - No dividends were recommended for the six months ended September 30, 2024, consistent with the previous year[47] - The group has no significant acquisitions or disposals during the six months ending September 30, 2024[59] - The group plans to continue developing its existing business through organic growth or acquisitions, aiming to diversify its operations to enhance shareholder returns[67] - The group has adopted a share option scheme effective from September 27, 2021, with 71,901,900 shares available for issuance, representing approximately 8.07% of the issued share capital as of September 30, 2023[69] - As of September 30, 2024, the total number of issued ordinary shares is 890,722,800, with a specific director holding 2,790,000 shares, representing approximately 0.31% of the total issued shares[74] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited condensed consolidated interim financial statements for the six months ending September 30, 2024[86] - The company did not purchase, sell, or redeem any of its listed securities during the six months ending September 30, 2024[80] - No directors or their associates were granted or exercised any rights to benefit from purchasing the company's shares or bonds within the six months ending September 30, 2024[76]