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10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: 華美樂樂有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年11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) | 08429 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | F ...

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9月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 華美樂樂有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年10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) | 08429 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | 本月 ...

Financial Performance - Revenue for the six months ended June 30, 2025, was HKD 69,271,000, an increase of 4.1% compared to HKD 66,442,000 for the same period in 2024[8] - Other income and gains for the same period were HKD 35,682,000, up from HKD 30,104,000, representing an increase of 18.5%[8] - The company reported a loss before tax of HKD 922,000, significantly improved from a loss of HKD 6,715,000 in the previous year, indicating a reduction in losses by approximately 86.3%[8] - Total comprehensive loss for the period was HKD 1,009,000, compared to HKD 6,677,000 in the prior year, reflecting a decrease of about 85.9%[10] - Basic and diluted loss per share improved to HKD 0.18 from HKD 1.39, marking a reduction of approximately 87%[10] - The company reported a loss attributable to owners of HKD 860,000 for the six months ended June 30, 2025, compared to a loss of HKD 6,688,000 in the same period of 2024, indicating an improvement in financial performance[33] - The group’s loss for the six months ended June 30, 2025, decreased by 86.4% to HKD 0.9 million, primarily due to improved financial performance from ComplexCon Hong Kong[44] Cash Flow and Liquidity - Cash and bank balances increased to HKD 21,707,000 from HKD 12,093,000, representing a growth of 79.5%[12] - Operating cash flow for the six months ended June 30, 2025, was HKD 318,000, compared to a cash outflow of HKD 5,525,000 for the same period in 2024, indicating a significant improvement[13] - Total cash and cash equivalents increased to HKD 21,707,000 as of June 30, 2025, up from HKD 13,570,000 at the end of 2024, reflecting a positive cash flow trend[13] - The company reported a net cash inflow from financing activities of HKD 9,570,000 for the first half of 2025, compared to a cash outflow of HKD 1,361,000 in the same period of 2024[13] - The company’s cash flow from investment activities generated a net inflow of HKD 170,000 for the first half of 2025, compared to a cash outflow of HKD 166,000 in the same period of 2024[13] Revenue Breakdown - Revenue from marketing production services decreased to HKD 13,532,000 in the first half of 2025, down from HKD 17,397,000 in the same period of 2024[21] - Revenue from content media and experiential services increased to HKD 55,739,000 in the first half of 2025, compared to HKD 49,045,000 in the same period of 2024, showing a growth of approximately 13.8%[21] - Revenue from Hong Kong increased to HKD 67,405,000, up 2.5% from HKD 65,767,000 in 2024, while revenue from Mainland China surged to HKD 1,860,000 from HKD 589,000[23] - Marketing production service revenue decreased by approximately 22.2% to about HKD 13.5 million, primarily due to a reduction in project numbers[46] - Revenue from content media and experiential services increased by approximately 13.6% to about HKD 55.7 million, driven mainly by original content brand income and experiential service revenue[46] Assets and Liabilities - Current assets net value rose to HKD 14,863,000, compared to HKD 3,956,000 in the previous year, an increase of 275.5%[12] - Total assets less current liabilities increased to HKD 52,857,000 from HKD 43,582,000, showing a growth of 21.5%[12] - The company’s equity attributable to owners increased to HKD 56,410,000 from HKD 46,188,000, reflecting a rise of 22.1%[12] - Trade receivables (net of expected credit loss provision) decreased to HKD 4,883 million as of June 30, 2025, from HKD 5,390 million as of December 31, 2024[36] - Total trade and other payables and accrued expenses increased to HKD 19,499 million as of June 30, 2025, compared to HKD 10,110 million as of December 31, 2024[38] - The group’s trade payables increased significantly to HKD 13,179 million as of June 30, 2025, from HKD 5,277 million as of December 31, 2024[38] Corporate Governance - The company emphasizes high standards of corporate governance, maintaining a well-structured board and internal controls to protect shareholder interests[79] - The audit committee, consisting of three independent non-executive directors, is responsible for overseeing the financial reporting system and internal controls[83] - The company has formed an audit committee, nomination committee, and remuneration committee to ensure proper governance practices[79] - The audit committee has reviewed the unaudited condensed consolidated financial statements and confirmed compliance with applicable accounting standards[83] - The company has adopted a strict code of conduct for securities trading by directors, ensuring compliance with GEM Listing Rules throughout the reporting period[78] Investments and Subsidiaries - The company established a new subsidiary, contributing HKD 11,161,000 to equity during the reporting period[15] - The company established a new subsidiary, All At Once Limited, in collaboration with two independent investors, holding 93.02% of the shares, to expand its experiential, entertainment, and e-commerce business[61] - The company raised approximately $1.5 million from the investors for operational funding and market expansion[61] - As of June 30, 2025, the company did not engage in any significant investments, acquisitions, or disposals of subsidiaries or associates[61] - There are no significant plans for major investments or capital assets in the future[60] Employee and Operational Insights - Employee benefits expenses decreased by approximately HKD 1.9 million (21.1%) to about HKD 7.1 million, attributed to a reduction in employee numbers and average salaries[49] - The group employed a total of 32 full-time employees as of June 30, 2025, unchanged from December 31, 2024[59] Shareholder Information - The major shareholder, Explorer Vantage, holds 283,920,000 shares, accounting for 59.15% of the company[71] - Mr. Hu Jianbang holds 286,545,000 shares, representing 59.70% of the company[71] - The company has a total of 48,000,000 shares available for grant under the share option scheme, representing 10% of the issued share capital[74] - No shares of the company were purchased, sold, or redeemed by the company or its subsidiaries during the six months ending June 30, 2025[62] - As of June 30, 2025, the company had no treasury shares[62]

[Announcement Overview](index=1&type=section&id=Announcement%20Overview) This announcement provides supplementary information regarding the share option scheme in the 2024 annual report and confirms other details remain unchanged [Disclaimer and Company Information](index=1&type=section&id=Disclaimer%20and%20Company%20Information) This section outlines the disclaimer from HKEX and provides basic registration details for SV Vision Limited - Hong Kong Exchanges and Clearing Limited assumes no responsibility for the content of this announcement and makes no statement regarding its accuracy or completeness[1](index=1&type=chunk) - Company name: SV Vision Limited, incorporated in the Cayman Islands, stock code: **8429**[2](index=2&type=chunk) [Purpose of Supplementary Announcement](index=1&type=section&id=Purpose%20of%20Supplementary%20Announcement) This announcement supplements the 'Share Option Scheme' section of SV Vision Limited's 2024 annual report - This announcement supplements SV Vision Limited's annual report for the year ended December 31, 2024[3](index=3&type=chunk)[4](index=4&type=chunk) - The supplementary content focuses on the 'Share Option Scheme' section within the Directors' Report of the annual report[4](index=4&type=chunk) [Supplementary Details on Share Option Scheme](index=1&type=section&id=Supplementary%20Details%20on%20Share%20Option%20Scheme) The share option scheme has no minimum vesting period, but the Board may impose conditions like minimum holding periods or performance targets - The Share Option Scheme does not set any minimum vesting period requirement[5](index=5&type=chunk) - The Board may, at its absolute discretion, select and stipulate grant conditions, including but not limited to any minimum period for which share options must be held and/or any performance targets that must be achieved before exercise[5](index=5&type=chunk) [Statement on Unchanged Information](index=1&type=section&id=Statement%20on%20Unchanged%20Information) This supplementary announcement does not affect other information in the 2024 annual report, which remains unchanged except as disclosed - The information contained in this supplementary announcement does not affect other information presented in the 2024 annual report[5](index=5&type=chunk) - Save as disclosed above, all other information in the 2024 annual report remains unchanged[5](index=5&type=chunk) [Board Members and Compliance Statement](index=1&type=section&id=Board%20Members%20and%20Compliance%20Statement) This section lists the Board members and confirms compliance with GEM Listing Rules, with directors assuming full responsibility for the announcement's accuracy - The Board members include: Executive Director Ms. Wu Chan Tak Tsz; Non-executive Director Mr. Chow Sai Yiu; Independent Non-executive Directors Mr. Yip Tin Chi, Mr. Hung Hing Lun, and Mr. Cao Yu[5](index=5&type=chunk) - The information in this announcement is published in compliance with the Rules Governing the Listing of Securities on GEM of The Stock Exchange of Hong Kong Limited[5](index=5&type=chunk) - The Directors collectively and individually accept full responsibility for the information contained in this announcement, confirming it is accurate, complete, and not misleading or fraudulent in all material respects[5](index=5&type=chunk) [Announcement Publication Details](index=1&type=section&id=Announcement%20Publication%20Details) This announcement will be published on the HKEX website and the company's website for at least seven days - This announcement will be published on the 'Latest Listed Company Announcements' page of the website of The Stock Exchange of Hong Kong Limited (https://www.hkexnews.hk) for at least seven consecutive days from its publication date[6](index=6&type=chunk) - This announcement will also be published on the Company's website (https://svvision.io)[6](index=6&type=chunk)

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8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: 華美樂樂有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年9月1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) | 08429 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | 1,000,000,000 | | HKD | | 0.01 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | 本月底 ...

Core Viewpoint - Huameilele (08429) reported a mid-year performance for 2025, showing a revenue of HKD 69.271 million, representing a year-on-year growth of 4.3% [1] Financial Performance - The company recorded a loss attributable to shareholders of HKD 0.86 million, which is a significant improvement, narrowing by 87.1% year-on-year [1] - Basic loss per share was reported at HKD 0.18 cents [1]

Core Insights - Huameilele (08429) reported a mid-year performance for 2025, with revenue of HKD 69.271 million, representing a year-on-year increase of 4.3% [1] - The loss attributable to the company's owners was HKD 0.86 million, which narrowed by 87.1% compared to the previous year [1] - The basic loss per share was HKD 0.18 [1]

Interim Results Announcement This report provides a comprehensive overview of the company's unaudited interim financial results, management discussion, and other relevant information for the period. [Corporate Information](index=1&type=section&id=Corporate%20Information) This section outlines the company's basic information, GEM listing characteristics, and directors' responsibility for the announcement's accuracy and completeness. - The company, SV Vision Limited (stock code 8429), is incorporated in the Cayman Islands and listed on the GEM of the Hong Kong Stock Exchange[2](index=2&type=chunk) - The GEM market, targeting small and medium-sized companies, carries **higher investment risks** and potential for significant market volatility, with no guarantee of high liquidity[3](index=3&type=chunk) - Directors jointly and severally assume full responsibility for the announcement's content, confirming its accuracy, completeness, and absence of misleading or fraudulent elements[4](index=4&type=chunk) [Unaudited Condensed Consolidated Financial Statements](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for the six months ended June 30, 2025, detailing the company's financial performance and position. [Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) This statement provides a summary of the company's revenues, expenses, and overall profit or loss for the reporting period. | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (HKD thousands) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Revenue | 69,271 | 66,442 | 2,829 | 4.3% | | Other income and gains | 35,682 | 30,104 | 5,578 | 18.5% | | Outsourced project costs | (89,165) | (83,428) | (5,737) | 6.9% | | Loss before income tax | (922) | (6,715) | 5,793 | -86.3% | | Loss for the period | (922) | (6,770) | 5,848 | -86.4% | | Basic and diluted loss per share attributable to owners of the Company (HK cents) | (0.18) | (1.39) | 1.21 | -87.1% | [Unaudited Condensed Consolidated Statement of Financial Position](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) This statement presents the company's assets, liabilities, and equity at a specific point in time, reflecting its financial health. | Indicator | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change (HKD thousands) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Non-current assets | 37,994 | 39,626 | (1,632) | -4.1% | | Current assets | 38,078 | 27,744 | 10,334 | 37.3% | | Current liabilities | 23,215 | 23,788 | (573) | -2.4% | | Net current assets | 14,863 | 3,956 | 10,907 | 275.7% | | Net assets | 52,857 | 43,267 | 9,590 | 22.2% | | Total equity attributable to owners of the Company | 56,410 | 46,188 | 10,222 | 22.1% | [Unaudited Condensed Consolidated Statement of Cash Flows](index=6&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) This statement details the cash inflows and outflows from operating, investing, and financing activities over the reporting period. | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (HKD thousands) | | :--- | :--- | :--- | :--- | | Net cash generated from (used in) operating activities | 318 | (5,525) | 5,843 | | Net cash generated from (used in) investing activities | 170 | (166) | 336 | | Net cash generated from (used in) financing activities | 9,570 | (1,361) | 10,931 | | Increase (decrease) in cash and cash equivalents | 10,058 | (7,052) | 17,110 | | Cash and cash equivalents at end of period | 21,707 | 13,570 | 8,137 | [Unaudited Condensed Consolidated Statement of Changes in Equity](index=7&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) This statement illustrates the changes in the company's equity components over the reporting period, including profit, other comprehensive income, and capital transactions. - As of June 30, 2025, total equity attributable to owners of the Company increased to **HKD 56,410 thousand** from HKD 46,188 thousand on January 1, 2025, mainly due to a **HKD 11,161 thousand** increase in capital reserve from a new subsidiary[11](index=11&type=chunk) - Total comprehensive loss for the period significantly narrowed from **(HKD 6,677) thousand in 2024** to **(HKD 1,009) thousand in 2025**[11](index=11&type=chunk) [Notes to Unaudited Condensed Consolidated Financial Statements](index=8&type=section&id=Notes%20to%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed notes to the condensed consolidated financial statements, offering context and explanations for general information, preparation basis, revenue, expenses, tax policies, and related party transactions. [1. General Information](index=8&type=section&id=1.%20General%20Information) This section provides fundamental details about the company's incorporation and primary business activities. - The Company was incorporated in the Cayman Islands on January 20, 2017, and listed on the GEM of the Stock Exchange on December 8, 2017[12](index=12&type=chunk) - The Group's principal activities include providing marketing production services, content media, and experiential services[13](index=13&type=chunk) [2. Basis of Preparation and Presentation](index=8&type=section&id=2.%20Basis%20of%20Preparation%20and%20Presentation) This section outlines the accounting standards and principles used in preparing the financial statements. - The financial statements are prepared in accordance with Chapter 18 of the GEM Listing Rules and HKAS 34 "Interim Financial Reporting"[14](index=14&type=chunk) - Accounting policies remain consistent with the previous year, with no significant changes resulting from the adoption of new or revised HKFRSs[14](index=14&type=chunk) - The financial statements are prepared on a historical cost basis, use HKD as the functional currency, are unaudited, but have been reviewed by the audit committee[15](index=15&type=chunk) [3. Revenue and Segment Information](index=9&type=section&id=3.%20Revenue%20and%20Segment%20Information) This section details the company's revenue streams and provides a breakdown of its operating segments and geographical contributions. - The Group operates as a single segment, encompassing marketing production and content media and experiential services[16](index=16&type=chunk) Revenue by Service Category | Service Category | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Marketing Production | 13,532 | 17,397 | | Content Media and Experiential Services | 55,739 | 49,045 | | Total | 69,271 | 66,442 | - Principal operations are in Hong Kong, with non-current assets primarily located in the **US (HKD 34,559 thousand)** and **Hong Kong (HKD 3,310 thousand)**[18](index=18&type=chunk) - Revenue by customer geographical location shows **Hong Kong SAR contributing HKD 67,405 thousand** and **Mainland China HKD 1,860 thousand**[19](index=19&type=chunk) - In the first half of 2025, no single customer contributed over **10% of total revenue**, unlike the same period in 2024 where customers A, B, and C each exceeded this threshold[20](index=20&type=chunk) [4. Other Income and Gains](index=10&type=section&id=4.%20Other%20Income%20and%20Gains) This section details the various non-operating income and gains recognized by the company during the period. Other Income and Gains Breakdown | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Interest income | 180 | 41 | | Government grants and subsidies | 35,000 | 30,000 | | Miscellaneous income | 95 | 63 | | Exchange gains | 407 | — | | Total | 35,682 | 30,104 | [5. Loss Before Income Tax](index=11&type=section&id=5.%20Loss%20Before%20Income%20Tax) This section details the company's pre-tax loss and the factors influencing it, including employee benefits and tax provisions. - Loss before income tax significantly narrowed to **(HKD 922) thousand** from **(HKD 6,715) thousand** in the prior year period[5](index=5&type=chunk) - Employee benefit expenses decreased to **HKD 7,102 thousand** (2024: HKD 8,996 thousand), mainly due to reduced salaries, allowances, and benefits in kind[22](index=22&type=chunk) - No provision was made for Hong Kong profits tax during the period due to the absence of assessable profits or offset by tax losses[23](index=23&type=chunk) - Chinese subsidiaries did not generate assessable profits, resulting in no corporate income tax provision and the application of small and micro-enterprise income tax preferential policies[24](index=24&type=chunk) - Temporary withholding tax differences related to undistributed profits of Chinese subsidiaries amounted to approximately **HKD 1,239 thousand**, but no deferred tax liability was recognized due to the company's control over dividend policy[25](index=25&type=chunk) [7. Dividends](index=12&type=section&id=7.%20Dividends) This section states the board's decision regarding dividend payments for the reporting period. - For the six months ended June 30, 2025, the Board did not recommend the payment of any dividend[26](index=26&type=chunk) [8. Loss Per Share](index=13&type=section&id=8.%20Loss%20Per%20Share) This section presents the basic and diluted loss per share for the reporting period. Loss Per Share | Indicator | 2025 (HK cents) | 2024 (HK cents) | | :--- | :--- | :--- | | Basic and diluted loss per share | (0.18) | (1.39) | - Diluted loss per share is equal to basic loss per share, as there were no potential dilutive ordinary shares during the period[27](index=27&type=chunk) [9. Property, Plant and Equipment](index=13&type=section&id=9.%20Property%2C%20Plant%20and%20Equipment) This section details the company's capital expenditures on property, plant, and equipment and any related pledges. - Total cost of property, plant and equipment acquired during the period significantly decreased to approximately **HKD 10 thousand** from HKD 173 thousand in the prior year period[28](index=28&type=chunk) - As of June 30, 2025, approximately **HKD 34,198 thousand** of property, plant and equipment were pledged to secure banking facilities for a subsidiary[28](index=28&type=chunk) [10. Trade and Other Receivables, Deposits and Prepayments](index=14&type=section&id=10.%20Trade%20and%20Other%20Receivables%2C%20Deposits%20and%20Prepayments) This section provides a breakdown of the company's trade and other receivables, deposits, and prepayments, along with credit terms. Trade and Other Receivables, Deposits and Prepayments | Item | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | Trade receivables, net | 4,883 | 5,390 | | Other receivables | 7,759 | 697 | | Total current trade and other receivables, deposits and prepayments | 13,825 | 7,388 | - Customer credit terms typically range from **30 to 60 days** from the invoice date[29](index=29&type=chunk) - Trade receivables overdue for more than one month but less than three months decreased from **HKD 2,535 thousand** as of December 31, 2024, to **HKD 2,161 thousand** as of June 30, 2025[30](index=30&type=chunk) [11. Amounts Due to Non-Controlling Shareholders of a Subsidiary](index=14&type=section&id=11.%20Amounts%20Due%20to%20Non-Controlling%20Shareholders%20of%20a%20Subsidiary) This section describes the nature and terms of amounts owed to non-controlling shareholders of a subsidiary. - Amounts due to non-controlling shareholders of a subsidiary are non-trade, unsecured, interest-free, and repayable on demand[31](index=31&type=chunk) [12. Trade and Other Payables and Accrued Charges](index=15&type=section&id=12.%20Trade%20and%20Other%20Payables%20and%20Accrued%20Charges) This section details the company's trade and other payables, contract liabilities, and accrued charges, along with supplier credit terms. Trade and Other Payables and Accrued Charges | Item | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | | :--- | :--- | :--- | | Trade payables | 13,179 | 5,277 | | Contract liabilities | 1,120 | 2,873 | | Total (including contract liabilities) | 20,619 | 12,983 | - Supplier credit terms typically range from **30 to 90 days**[32](index=32&type=chunk) - Trade payables overdue for more than one month but less than three months significantly increased from **HKD 718 thousand** as of December 31, 2024, to **HKD 11,088 thousand** as of June 30, 2025[32](index=32&type=chunk) [13. Bank Loans](index=15&type=section&id=13.%20Bank%20Loans) This section outlines the details of the company's bank loan facilities, including amounts and terms. - In January 2025, the Group secured a new revolving loan facility of **US$2.5 million (approximately HKD 19.5 million)**, with approximately **US$0.05 million (approximately HKD 373 thousand)** already drawn[33](index=33&type=chunk) - The loan carries a variable interest rate of **0.75% above the US Prime Rate per annum** and is repayable on demand[33](index=33&type=chunk) [14. Share Capital](index=16&type=section&id=14.%20Share%20Capital) This section details the company's issued and fully paid share capital. - As of June 30, 2025, issued and fully paid share capital remained at **480,000,000 ordinary shares** of **HKD 0.01 each**, totaling **HKD 4,800 thousand**, consistent with December 31, 2024[34](index=34&type=chunk) [15. Related Party Transactions](index=16&type=section&id=15.%20Related%20Party%20Transactions) This section outlines transactions with related parties and compensation for key management personnel. Related Party Transactions | Transaction Item | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Short-term lease expenses paid to 4L 108 Leonard LLC | 559 | 563 | | Treasury management service fees paid to Mirousky Asia Limited | 360 | 120 | - Ms. Wu Chan Tak Che, an executive director, and her spouse are the beneficial owners of these related companies[35](index=35&type=chunk) - Total key management personnel compensation decreased to **HKD 2,319 thousand** from **HKD 2,538 thousand** in the prior year period[36](index=36&type=chunk) [Management Discussion and Analysis](index=18&type=section&id=Management%20Discussion%20and%20Analysis) This section details the Group's business performance, financial position, and future outlook for the six months ended June 30, 2025, highlighting the impact of ComplexCon Hong Kong and strategic focus on experiential services. [Business Review and Outlook](index=18&type=section&id=Business%20Review%20and%20Outlook) This section reviews the company's operational highlights, market performance, and strategic direction for future growth. - ComplexCon Hong Kong 2025 was successfully held, with ticket sales growing by **37% year-on-year**, attracting over **35,000 participants**, of whom **55% were from outside Hong Kong**[38](index=38&type=chunk) - ComplexCon's success led to a **13.6% revenue growth** in content media and experiential services, reaching **HKD 55.7 million**[38](index=38&type=chunk) - Challenging Hong Kong economic conditions and changing consumption patterns resulted in a **22.2% decrease** in marketing production services revenue to **HKD 13.5 million**[39](index=39&type=chunk) - Overall revenue grew by **4.3% to HKD 69.3 million**, while loss significantly decreased by **86.4% to HKD 0.9 million**, primarily driven by ComplexCon's performance[39](index=39&type=chunk) - The Group plans to continue expanding its entertainment and experiential services to align with evolving consumer trends and market demand[39](index=39&type=chunk) [Financial Performance Review](index=19&type=section&id=Financial%20Performance%20Review) This section analyzes the Group's income and cost variations, attributing revenue growth to content media and experiential services and the narrowed loss to reduced operating expenses. [Revenue](index=19&type=section&id=Revenue) This section details the changes in revenue across different service categories. - Total revenue increased by **4.3% to HKD 69.3 million** (2024: HKD 66.4 million)[40](index=40&type=chunk) Revenue by Service Category | Service Category | 2025 (HKD thousands) | 2024 (HKD thousands) | Change Rate | | :--- | :--- | :--- | :--- | | Marketing Production | 13,532 | 17,397 | -22.2% | | Content Media and Experiential Services | 55,739 | 49,045 | 13.6% | - Marketing production services revenue decreased due to fewer projects, while content media and experiential services revenue increased, primarily driven by ComplexCon Hong Kong 2025[41](index=41&type=chunk)[42](index=42&type=chunk) [Outsourced Project Costs](index=19&type=section&id=Outsourced%20Project%20Costs) This section explains the changes in costs associated with outsourced projects. - Outsourced project costs increased by **6.9% to HKD 89.2 million** (2024: HKD 83.4 million), primarily driven by content media and experiential services for ComplexCon Hong Kong 2025[43](index=43&type=chunk) [Materials and Consumables](index=20&type=section&id=Materials%20and%20Consumables) This section outlines the changes in expenses for materials and consumables. - Materials and consumables decreased by **31.2% to HKD 0.8 million** (2024: HKD 1.2 million), aligning with the reduction in marketing production services revenue[44](index=44&type=chunk) [Employee Benefit Expenses](index=20&type=section&id=Employee%20Benefit%20Expenses) This section details the changes in employee-related costs, including salaries and benefits. - Employee benefit expenses decreased by **21.1% to HKD 7.1 million** (2024: HKD 9.0 million), primarily due to a reduction in employee headcount and average salaries[45](index=45&type=chunk) [Rental Expenses](index=20&type=section&id=Rental%20Expenses) This section explains the changes in rental expenses, particularly for variable lease payments. - Rental expenses decreased by **8.4% to HKD 0.9 million** (2024: HKD 0.9 million), mainly due to reduced variable lease payments for printing machines in marketing production services[46](index=46&type=chunk) [Transportation Expenses](index=20&type=section&id=Transportation%20Expenses) This section details the changes in transportation costs. - Transportation expenses increased by **4.7% to HKD 1.5 million** (2024: HKD 1.4 million), primarily due to an increase in marketing production service projects requiring direct mail services[47](index=47&type=chunk) [Other Operating Expenses](index=20&type=section&id=Other%20Operating%20Expenses) This section outlines the changes in various other operating expenses. - Other operating expenses decreased by **13.5% to HKD 4.3 million** (2024: HKD 5.0 million), mainly due to a reduction in license and service fees[48](index=48&type=chunk) [Finance Costs](index=21&type=section&id=Finance%20Costs) This section details the changes in the company's finance costs. - Finance costs decreased by **60.8% to HKD 0.1 million** (2024: HKD 0.2 million), primarily due to reduced interest on other short-term borrowings and repayment of lease liabilities[49](index=49&type=chunk) [Loss for the Period](index=21&type=section&id=Loss%20for%20the%20Period) This section summarizes the company's net loss for the period and its primary drivers. - The Group's loss for the period significantly decreased to **HKD 0.9 million** (2024: HKD 6.8 million), primarily due to improved financial performance from ComplexCon Hong Kong 2025[50](index=50&type=chunk) [Financial Position and Liquidity](index=21&type=section&id=Financial%20Position%20and%20Liquidity) This section outlines the Group's liquidity, financial resources, gearing ratio, and capital structure, noting improved net current assets and equity, reduced gearing, and prudent treasury policies. [Liquidity, Financial Resources, Gearing Ratio and Capital Structure](index=21&type=section&id=Liquidity%2C%20Financial%20Resources%2C%20Gearing%20Ratio%20and%20Capital%20Structure) This section provides an overview of the company's liquidity, financial resources, gearing, and capital structure. - Net current assets were approximately **HKD 14.9 million** (December 31, 2024: HKD 4.0 million), with cash and bank balances at approximately **HKD 21.7 million**[51](index=51&type=chunk) - The gearing ratio decreased to approximately **3.5%** (December 31, 2024: 6.6%), indicating reduced financial leverage[51](index=51&type=chunk) - Equity attributable to owners of the Company was approximately **HKD 56.4 million** (December 31, 2024: HKD 46.2 million), with no change in capital structure[51](index=51&type=chunk) [Foreign Exchange Risk and Treasury Policy](index=21&type=section&id=Foreign%20Exchange%20Risk%20and%20Treasury%20Policy) This section describes the company's exposure to foreign exchange risk and its treasury management strategies. - The Group faces multi-currency foreign exchange risk, primarily related to HKD, managed through regular net position reviews, with no derivative hedging instruments entered into during the period[52](index=52&type=chunk) - The Group adopts prudent financial management, maintains a robust liquidity position, and manages credit risk through credit assessments[52](index=52&type=chunk) [Pledge of Assets](index=22&type=section&id=Pledge%20of%20Assets) This section details the company's assets pledged as collateral for banking facilities. - As of June 30, 2025, property, plant and equipment with a total carrying amount of approximately **HKD 34.2 million** were pledged to secure banking facilities for a subsidiary[53](index=53&type=chunk) [Capital Commitments and Contingent Liabilities](index=22&type=section&id=Capital%20Commitments%20and%20Contingent%20Liabilities) This section confirms the absence of significant capital commitments or contingent liabilities. - As of June 30, 2025, the Group had no significant capital commitments or contingent liabilities[54](index=54&type=chunk) [Operational and Strategic Updates](index=22&type=section&id=Operational%20and%20Strategic%20Updates) This section provides updates on the Group's employees, future investment plans, significant acquisitions, and post-reporting period events, including the establishment of a new subsidiary. [Employees and Remuneration](index=22&type=section&id=Employees%20and%20Remuneration) This section details the company's employee count, remuneration policies, and benefit plans. - As of June 30, 2025, the Group employed **32 full-time employees**, offering competitive remuneration and benefits, including a share option scheme and retirement benefit plans[55](index=55&type=chunk) [Future Plans for Material Investments and Capital Assets](index=22&type=section&id=Future%20Plans%20for%20Material%20Investments%20and%20Capital%20Assets) This section states the company's plans regarding future material investments and capital assets. - The Group has no future plans for material investments and capital assets[56](index=56&type=chunk) [Material Investments, Significant Acquisitions and Disposals of Subsidiaries and Affiliated Companies](index=22&type=section&id=Material%20Investments%2C%20Significant%20Acquisitions%20and%20Disposals%20of%20Subsidiaries%20and%20Affiliated%20Companies) This section details significant investment activities, including the establishment of new subsidiaries. - On February 4, 2025, the Group established a new subsidiary, All At Once Limited, with **93.02% equity**, alongside two independent third-party investors, to expand experiential, entertainment, and e-commerce businesses and raise approximately **US$1.5 million** in working capital[57](index=57&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=23&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) This section confirms no transactions involving the company's listed securities during the reporting period. - Neither the Company nor its subsidiaries purchased, sold, or redeemed any of the Company's listed securities during the reporting period and up to the announcement date, nor did they hold any treasury shares[58](index=58&type=chunk) [Events After Reporting Period](index=23&type=section&id=Events%20After%20Reporting%20Period) This section confirms the absence of significant events subsequent to the reporting period. - No significant events occurred for the Group after the reporting period[59](index=59&type=chunk) [Other Information](index=23&type=section&id=Other%20Information) This section discloses directors' and major shareholders' interests, share option scheme details, corporate governance practices, board changes, and the audit committee's review of financial statements. [Disclosure of Interests of Directors and Chief Executive](index=23&type=section&id=Disclosure%20of%20Interests%20of%20Directors%20and%20Chief%20Executive) This section details the interests and short positions of directors and the chief executive in the company's shares and related securities. Directors' and Chief Executive's Interests | Nature of Interest | Number of Shares Held | Percentage of Shareholding | | :--- | :--- | :--- | | Interest in controlled corporation | 283,920,000 | 59.15% | | Interest held jointly with other persons | 34,850,000 | 7.26% | | Spouse's interest | 5,280,000 | 1.10% | | Beneficial owner | 2,625,000 | 0.55% | - Ms. Wu Chan beneficially and wholly owns **283,920,000 shares** through Explorer Vantage Limited, representing **59.15%**[60](index=60&type=chunk) - Ms. Wu Chan also holds **100% beneficial ownership** or interest in controlled corporations in Explorer Vantage and Pipa Jin Printing Limited[61](index=61&type=chunk)[62](index=62&type=chunk)[63](index=63&type=chunk) [Disclosure of Interests of Substantial Shareholders and Other Persons](index=25&type=section&id=Disclosure%20of%20Interests%20of%20Substantial%20Shareholders%20and%20Other%20Persons) This section details the interests and short positions of substantial shareholders and other persons in the company's shares. Substantial Shareholders' and Other Persons' Interests | Name/Designation | Type of Interest | Number of Shares Held | Percentage of the Company's Shareholding | | :--- | :--- | :--- | :--- | | Explorer Vantage | Beneficial owner | 283,920,000 | 59.15% | | Mr. Wu Kin Pong | Spouse's interest | 286,545,000 | 59.70% | | Mirousky | Beneficial owner | 34,850,000 | 7.26% | | Mirousky Asia Limited | Interest in controlled corporation | 34,850,000 | 7.26% | | Ms. Chow Wai Ying | Beneficial owner | 35,950,000 | 7.49% | - Mr. Wu Kin Pong (Ms. Wu Chan's spouse) is deemed to have an interest in shares held by Ms. Wu Chan and also holds shares through Mirousky[66](index=66&type=chunk) [Share Option Scheme](index=26&type=section&id=Share%20Option%20Scheme) This section provides details on the company's share option scheme, including its adoption date and available shares. - The share option scheme was adopted on November 16, 2017, but no share options have been granted since its adoption[67](index=67&type=chunk) - As of June 30, 2025, **48,000,000 shares** were available for grant under the share option scheme, representing **10% of the issued share capital**[67](index=67&type=chunk) [Rights to Acquire Shares or Debentures](index=26&type=section&id=Rights%20to%20Acquire%20Shares%20or%20Debentures) This section confirms that no rights to acquire shares or debentures were granted or exercised by directors or their associates. - During the reporting period and up to the announcement date, no rights to subscribe for shares or related shares of the Company and/or its associated corporations were granted to or exercised by directors, chief executive, or their close associates[68](index=68&type=chunk) [Directors' Interests in Competing Businesses](index=26&type=section&id=Directors%27%20Interests%20in%20Competing%20Businesses) This section confirms that directors have no interests in businesses competing with the Group. - During the reporting period and up to the announcement date, none of the directors, substantial shareholders, or their close associates held any interest in businesses directly or indirectly competing with the Group's operations[69](index=69&type=chunk) [Non-Competition Undertaking](index=26&type=section&id=Non-Competition%20Undertaking) This section describes the non-competition undertaking entered into by key parties to prevent competition with the company. - Explorer Vantage and Ms. Wu Chan entered into a non-competition undertaking on November 16, 2017, pledging not to compete with the Company and its subsidiaries, effective from the listing date[70](index=70&type=chunk) [Directors' Securities Transactions](index=27&type=section&id=Directors%27%20Securities%20Transactions) This section confirms directors' compliance with the standard code for securities transactions. - The Company adopted the Standard Code, and all directors confirmed compliance with it during the reporting period following inquiry[71](index=71&type=chunk) - The Company requires employees or subsidiary directors/employees with potential inside information to adhere to the Standard Code's trading restrictions[71](index=71&type=chunk) [Changes in Directors' Information](index=27&type=section&id=Changes%20in%20Directors%27%20Information) This section reports changes in the composition of the board of directors and their committee roles. - Mr. Man Ka Ho resigned as an independent non-executive director and from related committee positions, effective from the conclusion of the Annual General Meeting on **June 18, 2025**[73](index=73&type=chunk) - Mr. Cao Yu was appointed as an independent non-executive director, Chairman of the Nomination Committee, member of the Remuneration Committee, and member of the Audit Committee, effective from the conclusion of the Annual General Meeting[73](index=73&type=chunk) [Corporate Governance Practices](index=27&type=section&id=Corporate%20Governance%20Practices) This section outlines the company's commitment to high corporate governance standards and its adherence to relevant codes. - The Company is committed to maintaining high corporate governance standards, adopting the principles and code provisions of the Corporate Governance Code in Appendix C1 Part 2 of the GEM Listing Rules[72](index=72&type=chunk) - The Board has established an Audit Committee, a Nomination Committee, and a Remuneration Committee[72](index=72&type=chunk) - The Company deviates from Code Provision C.2.1 (separation of Chairman and CEO roles) as Ms. Wu Chan holds both positions; the Board believes this benefits business operations and management, with sufficient independent non-executive directors ensuring power balance[74](index=74&type=chunk) [Audit Committee and Review of Unaudited Condensed Consolidated Financial Statements](index=28&type=section&id=Audit%20Committee%20and%20Review%20of%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section describes the composition and responsibilities of the Audit Committee and its review of the financial statements. - The Audit Committee, chaired by Mr. Yip Tin Chee, comprises three independent non-executive directors, responsible for reviewing and overseeing financial reporting, internal controls, and risk management[75](index=75&type=chunk) - The Audit Committee reviewed the unaudited condensed consolidated financial statements, confirming compliance with applicable accounting standards, GEM Listing Rules, and other legal requirements, with adequate disclosures made[75](index=75&type=chunk)[76](index=76&type=chunk)

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，並明確表示概不對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的任何損失 承擔任何責任。 SV Vision Limited 華 美 樂 樂 有 限 公 司 （ 於開曼群島註冊成立的有限公司） （股份代號：8429） 董事會會議日期 華美樂樂有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司將於2025 年8 月28日（ 星期四 ）舉行董事會會議，以（ 其中包括 ）批准本公司及其附屬公司截至2025年6月 30日止六個月之中期業績及其發佈，以及考慮派付中期股息（ 如有）。 承董事會命 華美樂樂有限公司 主席兼行政總裁 胡陳德姿 香港，2025年8月18日 於 本 公 告 日 期 ， 董 事 會 包 括 執 行 董 事 胡 陳 德 姿 女 士 ； 非 執 行 董 事 周 世 耀 先 生 ； 及 獨 立 非 執 行 董 事 葉 天 賜 先 生、孔慶倫先生及曹宇先生。 本公告的資料乃遵照《香港聯合交易所有限公司GEM證券上市規則》而刊載，旨在提供有關本公司的資料；董 事願就本公告 ...

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: 華美樂樂有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2025年8月4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) | 08429 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | 本月底 ...