C111999 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公 司帶有較高投資風險。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。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證券 承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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 致之任何損失承擔任何責任。 冰雪集團控股有限公司（「本公司」，連同其附屬公司（「本集團」、「冰雪」或「我們」））董事（「董事」） 共同及個別對本報告承擔全部責任，當中包括遵照GEM證券上市規則（「GEM上市規則」）規定 提供有關本公司之資料。董事在作出一切合理查詢後確認就彼等所深知及確信，本報告 所載資料在各主要方面均屬準確及完整，並無誤導或欺詐成份，及本報告並無遺漏任 何其他事宜，致使本報告或其任何陳述有所誤導。 目 錄 | 2 | ...

(於開曼群島註冊成立的有限公司) 第三季度報告 THIRD QUARTERLY REPORT C111999 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。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。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之 證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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 內容而引致之任何損失承擔任何責任。 冰雪集團控股有限公司（「本公司」，連同其附屬公司（「本集團」、「冰雪」或「我們」））董事 （「董事」）共同及個別對本報告承擔全部責任，當中包括遵照聯交所GEM證券上市規則 （「GEM上市規則」）規定提供有關本公司之資料。董事在作出一切合理查詢後確認就彼等 所深知及確信，本報告所載資料在各主要方面均屬準確及完整，並無 ...

(於開曼群島註冊成立的有限公司) 中期報告 INTERIM REPORT C111999 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司帶有 較高投資風險。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。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證券承受較 大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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之任何損失承擔 任何責任。 冰雪集團控股有限公司（「本公司」，連同其附屬公司（「本集團」、「冰雪」或「我們」））董事（「董事」）共同及 個別對本報告承擔全部責任，當中包括遵照聯交所GEM證券上市規則（「GEM上市規則」）規定提供有關 本公司之資料。董事在作出一切合理查詢後確認就彼等所深知及確信，本報告所載資料在各主要方面 均屬準確及完整，並無誤導或欺詐成份，及本 ...

(於開曼群島註冊成立的有限公司) 第一季度報告 FIRST QUARTERLY REPORT C111999 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。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。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之 證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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 內容而引致之任何損失承擔任何責任。 冰雪集團控股有限公司（「本公司」，連同其附屬公司（「本集團」、「冰雪」或「我們」））董事 （「董事」）共同及個別對本報告承擔全部責任，當中包括遵照聯交所GEM證券上市規則 （「GEM上市規則」）規定提供有關本公司之資料。董事在作出一切合理查詢後確認就彼等 所深知及確信，本報告所載資料在各主要方面均屬準確及完整，並無 ...

(於開曼群島註冊成立的有限公司) C111999 ANNUAL REPO RT 年報 2019 摺線 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司帶有 較高投資風險。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。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證券承受較 大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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之任何損失承 擔任何責任。 冰雪集團控股有限公司（「本公司」，連同其附屬公司（「本集團」、「冰雪」或「我們」））董事（「董事」）共同 及個別對本報告承擔全部責任，當中包括遵照GEM證券上市規則（「GEM上市規則」）規定提供有關本公 司之資料。董事在作出一切合理查詢後確認就彼等所深知及確信，本報告所載資料在各主要方面均屬 準確及完整，並無誤導或欺詐成份 ...

Icicle Group Holdings Limited 冰雪集團控股有限公司 (於開曼群島註冊成立的有限公司) 股份代號：8429 第三季度 報告 2019 C111999 Icicle Group Holdings Limited 冰雪集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) Stock Code: 8429 2019 Third Quarterly REPORT 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。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。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之 證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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報告全部或任何部分內容而產生或因倚 ...

Financial Performance - For the six months ended June 30, 2019, the company reported total revenue of HKD 39,882,000, a decrease of 2.2% compared to HKD 40,776,000 for the same period in 2018[8] - The company incurred a loss of HKD 374,000 for the three months ended June 30, 2019, compared to a profit of HKD 610,000 in the same period of 2018[8] - The total comprehensive loss for the six months ended June 30, 2019, was HKD 234,000, compared to a total comprehensive income of HKD 1,219,000 in the same period of 2018[10] - The company reported a profit of HKD 252,000 for the period, compared to a profit of HKD 1,090,000 in the previous year, reflecting a decrease of approximately 76.8%[16] - Revenue for the three months ended June 30, 2019, was HKD 19,870,000, an increase from HKD 18,978,000 in 2018, while revenue for the six months was HKD 39,882,000, down from HKD 40,776,000 in 2018[35] Revenue Breakdown - Revenue from traditional media production and management was HKD 36,197,000, an increase of 2.3% from HKD 35,384,000 in 2018[29] - Revenue from digital media production and brand integration decreased to HKD 2,017,000, down 35% from HKD 3,103,000 in 2018[29] - Revenue from business strategy and development was HKD 1,668,000, a decrease of 27.1% compared to HKD 2,289,000 in 2018[29] - Revenue from Hong Kong was HKD 38,378,000, an increase of 4.2% from HKD 35,856,000 in 2018[32] - Revenue from the People's Republic of China decreased to HKD 1,158,000, down 60.5% from HKD 2,931,000 in 2018[32] Expenses and Costs - The gross profit margin for the six months ended June 30, 2019, was approximately 64.3%, down from 66.3% in the same period of 2018[8] - Employee benefit expenses for the six months ended June 30, 2019, were HKD 8,562,000, a decrease of 16.5% from HKD 10,247,000 in 2018[8] - The company’s total operating expenses for the six months ended June 30, 2019, were HKD 34,000,000, an increase from HKD 32,000,000 in the same period of 2018[8] - The company reported a decrease in transportation costs to HKD 5,750,000 for the six months ended June 30, 2019, down from HKD 3,283,000 in 2018[8] - Cash used in investing activities was HKD 1,327,000, compared to HKD 290,000 in the previous year, indicating an increase of approximately 357.6%[15] Assets and Liabilities - Total assets decreased from HKD 101,148,000 to HKD 99,493,000, a decline of approximately 1.6% year-over-year[13] - Total liabilities increased from HKD 17,076,000 to HKD 19,587,000, an increase of about 14.8%[13] - The company's cash and cash equivalents at the end of the period were HKD 13,055,000, down from HKD 72,930,000, a significant decrease of approximately 82.1%[15] - The net asset value decreased from HKD 86,269,000 to HKD 86,086,000, a slight decline of about 0.2%[13] - The asset-liability ratio as of June 30, 2019, was approximately 13.9%, compared to zero as of December 31, 2018[85] Shareholder Information - Explorer Vantage holds 277,200,000 shares, representing 57.75% of the company's equity[100] - Hertford Global owns 82,800,000 shares, accounting for 17.25% of the company's equity[100] - The total equity attributable to owners of the company was approximately HKD 85.4 million as of June 30, 2019, down from HKD 86.3 million as of December 31, 2018[85] Corporate Governance - The company emphasizes high corporate governance standards, with a board comprising experienced individuals, including three independent non-executive directors[111] - The roles of Chairman and CEO are held by the same individual, Ms. Hu Chen, which the board believes is beneficial for effective management[111] - The Audit Committee has been established in accordance with GEM Listing Rules and consists of three independent non-executive directors[115] - The main responsibilities of the Audit Committee include reviewing and supervising the financial reporting system and internal control procedures[115] Future Outlook - The company anticipates potential negative impacts on overall business in the second half of 2019 due to recent conflicts in Hong Kong[61] - The company is closely monitoring business activities and trade receivables, particularly those aged over three months as of June 30, 2019[61] - The company has established a new entity to produce original content, aiming to enhance its media capabilities and build connections with consumers[61]

Financial Performance - Revenue for the first quarter of 2019 was HKD 20,012,000, a decrease of 8.2% compared to HKD 21,798,000 in the same period of 2018[12] - The company reported a profit attributable to owners of HKD 617,000, representing a 28.5% increase from HKD 480,000 in the first quarter of 2018[12] - Basic and diluted earnings per share increased to HKD 0.13 from HKD 0.10 year-over-year[15] - The total comprehensive income for the period was HKD 787,000, compared to HKD 955,000 in the first quarter of 2018[15] - Other income and gains totaled HKD 410,000, an increase from HKD 291,000 in the previous year[28] - The company recorded a profit of approximately HKD 0.6 million for the three months ended March 31, 2019, compared to HKD 0.5 million in 2018[51] Revenue Breakdown - Revenue from traditional media production and management services was approximately HKD 17.7 million, a decrease of about 9.0% from HKD 19.5 million in 2018[39] - Digital media production and brand integration services revenue decreased by approximately 31.7% to about HKD 1.1 million, down from HKD 1.6 million in 2018[40] - Business strategy and development services revenue increased significantly by approximately 69.3% to about HKD 1.2 million, compared to HKD 0.7 million in 2018[40] Expenses and Costs - The company incurred total operating expenses of HKD 19,115,000, a reduction from HKD 20,040,000 in the same quarter of the previous year[12] - Depreciation and amortization expenses rose significantly to HKD 1,780,000 from HKD 424,000 year-over-year[12] - Employee benefit expenses decreased to HKD 4,438,000 from HKD 5,319,000 in the first quarter of 2018[12] - Outsourcing project costs decreased by approximately HKD 1.4 million (16.7%) to about HKD 7.2 million, down from HKD 8.6 million in 2018[42] - Transportation costs increased by approximately HKD 1.1 million (55.2%) to about HKD 2.9 million, up from HKD 1.8 million in 2018[48] Taxation and Liabilities - Income tax expense for the period was HKD 75,000, down 48.3% from HKD 145,000 in the same period of 2018[29] - The group did not incur any income tax in the Cayman Islands and British Virgin Islands during the period[29] - The temporary withholding tax difference related to undistributed profits of the Chinese subsidiary was approximately HKD 1,031,000[30] - The group has not recognized deferred tax liabilities for undistributed profits due to the expectation of not distributing these profits in the foreseeable future[30] Equity and Assets - The company’s total equity as of March 31, 2019, was HKD 86,639,000, an increase from HKD 84,653,000 at the end of the first quarter of 2018[17] - As of March 31, 2019, the company had a net current asset value of approximately HKD 80.1 million, a decrease from HKD 84.1 million as of December 31, 2018[57] - The company's debt-to-equity ratio as of March 31, 2019, was 15.6%, compared to 0% as of December 31, 2018[57] - The company maintained a healthy liquidity position with cash and bank balances of approximately HKD 71.0 million as of March 31, 2019, up from HKD 68.4 million as of December 31, 2018[57] Corporate Governance - The company emphasizes high-quality corporate governance, with a strong board and internal controls to protect shareholder interests[89] - The board has established an audit committee, nomination committee, and remuneration committee, ensuring compliance with GEM listing rules[93] - The audit committee consists of three independent non-executive directors, responsible for overseeing financial reporting and internal controls[93] - The company has deviated from the corporate governance code regarding the separation of the roles of chairman and CEO, with the same individual holding both positions[90] - The board believes that the dual role of the chairman and CEO provides strong leadership and effective management for the group[90] Shareholder Information - Explorer Vantage holds 277,200,000 shares, representing 57.75% of the company's equity[75] - Hertford Global owns 82,800,000 shares, accounting for 17.25% of the company's equity[75] - The controlling shareholder, Ms. Hu Chen, is required to maintain at least 51% beneficial ownership in the company and Ice Snow Production as per the financing agreement[88] - No directors or senior executives have disclosed any interests in the company's shares or related securities as of March 31, 2019[76] Future Plans - The company plans to continue investing in digital media services and original content distribution to enhance customer engagement[35] - The company aims to develop multimedia capabilities and become a leading marketing service provider with unique advantages in media content[35]

Icicle Group Holdings Limited 冰雪集團控股有限公司 (於開曼群島註冊成立的有限公司) 股份代號：8429 年報 2018 C111999 Icicle Group Holdings Limited 冰雪集團控股有限公司 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市的公司帶有較高投資 風險。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。 (Incorporated in the Cayman Islands with limited liability) Stock Code: 8429 2018 ANNUAL REPORT ANNUAL REPORT 年報 2018 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於聯交所主板買賣之證券承受較大的市場 波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本報告之內容概不負責，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報告全部或任何部分內 ...