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: 興銘控股有限公司 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 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) | 08425 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,0 ...

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: 興銘控股有限公司 FF301 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) | 08425 | 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 | | | 376,000,000 | | 0 | | 376,000,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 376,000,000 | | 0 | | 376,000,000 | 呈交日期: 2026年1月5日 I. 法定/註冊股本變動 | 1. 股份分 ...

Core Viewpoint - Xingming Holdings (08425) announced the resignation of its auditor, Tianzhi Hong Kong CPA, due to a failure to reach an agreement on the audit fees for the consolidated financial statements for the year ending March 31, 2026 [1] Group 1 - Tianzhi will cease to be the company's auditor effective December 22, 2025 [1] - The board of directors approved the appointment of Aobai International CPA as the new auditor to fill the vacancy left by Tianzhi, effective December 22, 2025 [1] - The term of Aobai International CPA will last until the conclusion of the next annual general meeting of the company [1]

Group 1 - The company announced the resignation of its auditor, Tianzhi [1] - Following the recommendation of the audit committee, the board approved the appointment of Auber International CPA as the new auditor [1] - The new auditor appointment will take effect from December 22, 2025 [1]

Core Viewpoint - The company, Xingming Holdings (08425), has announced the resignation of its auditor, Tianzhi Hong Kong CPA, due to a failure to reach an agreement on the audit fees for the consolidated financial statements for the year ending March 31, 2026 [1] Group 1 - The resignation of Tianzhi is effective from December 22, 2025 [1] - The board of directors has approved the appointment of Aobai International CPA as the new auditor to fill the vacancy left by Tianzhi, effective from December 22, 2025 [1] - The term of the new auditor will last until the conclusion of the next annual general meeting of the company [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。 HING MING HOLDINGS LIMITED 興 銘 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8425） 更換核數師 本 公 告 由 興 銘 控 股 有 限 公 司（「 本 公 司 」， 連 同 附 屬 公 司 統 稱「 本 集 團 」）董 事 （「董 事」）會（「董事 會」）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17.50 (4)條作出。 核數師辭任 董 事 會 宣 佈 ， 由 於 本 公 司 與 天 職 香 港 會 計 師 事 務 所（「 天 職 」）未 能 就 本 集 團 截 至 二零二六年三月三十一日止年度之綜合財務報表審計費用達成共識，天職已辭任 本公司核數師一職，自二零二五年十二月二十二日起生效。天職於日期為二零二 五年十二月二十二日之 ...

Financial Performance - The company's revenue for the six months ended September 30, 2025, was HKD 52,590,000, representing a 29% increase from HKD 40,768,000 in the same period of 2024[3]. - Gross profit for the same period was HKD 13,508,000, up from HKD 5,851,000, indicating a significant improvement in profitability[3]. - The net profit attributable to the company's owners for the six months was HKD 2,483,000, compared to a loss of HKD 8,199,000 in the previous year[3]. - Operating cash flow for the six months was HKD 19,451,000, a substantial increase from HKD 5,243,000 in the prior year[9]. - The company achieved a total comprehensive income of approximately HKD 2.5 million for the six months ending September 30, 2025, compared to a loss of about HKD 8.2 million for the same period in 2024[43]. - The company's basic earnings per share for the six months ended September 30, 2025, was HKD 0.66, while it was a loss of HKD 2.18 for the same period in 2024[24]. Assets and Liabilities - Current assets decreased to HKD 35,425,000 from HKD 43,082,000, primarily due to a reduction in trade receivables[5]. - Total liabilities decreased to HKD 31,842,000 from HKD 42,660,000, reflecting improved financial stability[5]. - Non-current assets increased slightly to HKD 139,324,000 from HKD 139,080,000, showing stability in long-term investments[5]. - Trade receivables as of September 30, 2025, amounted to HKD 20,082,000, down from HKD 30,988,000 as of March 31, 2025, indicating a decrease in outstanding customer payments[28]. - The total trade and other payables as of September 30, 2025, were HKD 12,458,000, a slight increase from HKD 10,366,000 as of March 31, 2025, indicating a rise in liabilities[30]. Cash Flow and Financial Position - The company's cash and cash equivalents increased to HKD 17,131,000 from HKD 12,372,000, indicating a positive cash flow position[9]. - Cash and cash equivalents amounted to approximately HKD 17.1 million as of September 30, 2025, up from about HKD 12.4 million as of March 31, 2025[44]. - The company's debt-to-equity ratio was approximately 51.0% as of September 30, 2025, down from 56.9% as of March 31, 2025[44]. Operational Focus - The company continues to focus on providing construction equipment leasing services and trading of equipment and parts, indicating a commitment to its core business operations[10]. - The company continues to focus on providing construction equipment leasing services, including tower cranes and generators, as well as related services such as installation and maintenance[33]. - The company has acquired new motors and other necessary components to replace old temporary cranes, diversifying revenue sources and capturing market demand for tower crane rental services[67]. - The company retained two general technicians and one sales manager to support the operations of its tower crane rental business[67]. Employee and Governance - The company incurred employee costs of HKD 12,230,000 for the six months ended September 30, 2025, down from HKD 13,245,000 in 2024, reflecting a reduction in workforce expenses[17]. - The employee costs have decreased primarily due to a reduction in director remuneration during the reporting period[53]. - The company regularly conducts employee evaluations to assess performance and ensure competitive compensation[53]. - The board of directors believes that having Mr. Tang Hing Keung serve as both Chairman and CEO is beneficial for the group's operations and management[59]. - The company has maintained compliance with all corporate governance code provisions as of September 30, 2025, except for the separation of the roles of Chairman and CEO[61]. - Mr. Tang Hing Keung will step down as Chairman and CEO effective November 26, 2025, with Mr. Tang Ming Hei being promoted to these positions[60]. Risks and Compliance - The company faced foreign currency risks primarily from transactions denominated in currencies other than its functional currency, including RMB, EUR, and USD[49]. - The audit committee has reviewed the interim financial statements for the six months ending September 30, 2025, and confirmed compliance with applicable accounting standards and GEM listing rules[70]. - The company has adopted the trading standards for securities transactions as per GEM listing rules, and all directors confirmed compliance during the reporting period[65]. - There are various risks and uncertainties that may affect the company's financial condition, operating performance, and business outlook[68]. - The company has not disclosed any significant events that require disclosure after September 30, 2025, up to the report date[69]. Shareholding and Options - The group has a shareholding structure where Mr. Tang Hing Keung and Ms. Au Fung Yi hold 90% and 10% of the investment holding company, Hing Kee Limited, which owns approximately 31.9% of the company[54]. - Mr. Tang Hing Keung holds a beneficial interest in 120,000,000 shares, representing 31.9% of the total issued shares[57]. - Mr. Tang Ming Hei holds a beneficial interest in 128,132,000 shares, representing 34.1% of the total issued shares[54]. - The company has adopted a share option scheme to reward participants for their contributions to the group[53]. - The company has not granted any stock options since the adoption of the stock option plan, resulting in no unexercised stock options as of April 1, 2025, and September 30, 2025, with a total of 40,000,000 options available for grant[62]. - There were no purchases, sales, or redemptions of the company's listed securities by the company or any member of the group during the six months ending September 30, 2025[64].

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: 興銘控股有限公司 呈交日期: 2025年12月2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) | 08425 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 HKD | | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000, ...

Group 1 - The company reported a revenue of HKD 52.59 million for the six months ending September 30, 2025, representing a year-on-year increase of 29% [1] - The profit attributable to the company's owners was HKD 2.483 million, a significant turnaround from a loss of HKD 8.199 million in the same period last year [1] - Earnings per share were reported at HKD 0.0066 [1]

Core Viewpoint - Xingming Holdings (08425) reported a significant turnaround in its financial performance for the six months ending September 30, 2025, with a notable increase in revenue and a shift from loss to profit [1] Financial Performance - The company achieved a revenue of HKD 52.59 million, representing a year-on-year increase of 29% [1] - The profit attributable to the company's owners was HKD 2.483 million, a recovery from a loss of HKD 8.199 million in the same period last year [1] - Earnings per share stood at HKD 0.0066 [1]