BASETROPHY GROUP HOLDINGS LIMITED 基地錦標集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） Yours faithfully, Basetrophy Group Holdings Limited Note: Corporate Communications include any document(s) issued or to be issued by the Company for the information or action of holders of any of its securities or the investing public, including but not limited to (a) the directors' report and its annual accounts together with a copy of the auditors' report and, where applicable, its s ...

BASETROPHY GROUP HOLDINGS LIMITED 基地錦標集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） (Stock Code 股份代號：8460) NOTIFICATION LETTER 通知信函 Date as postmarked Dear Non-registered Holder(s) (Note 1) , Basetrophy Group Holdings Limited (the "Company") – Notification of publication of Interim Report 2025 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.wbgroupf ...

Financial Performance - The group reported revenue of HKD 19,260,000 for the six months ended June 30, 2025, a decrease of 67.1% compared to HKD 58,631,000 in the same period of 2024[7] - Gross profit for the same period was HKD 4,864,000, representing a slight increase of 2.3% from HKD 4,755,000 in 2024[7] - Operating profit was HKD 1,202,000, a significant turnaround from an operating loss of HKD 2,128,000 in the previous year[7] - The net profit for the period was HKD 799,000, compared to a net loss of HKD 2,928,000 in 2024, indicating a recovery[9] - Revenue from foundation and related engineering was HKD 19,238,000, a decrease of 67.0% from HKD 58,209,000 in the previous year[20] - Revenue from alcohol beverage sales was HKD 22,000, down 94.8% from HKD 422,000 in the prior year[20] - The total comprehensive income for the period was HKD 778,000, compared to a total comprehensive loss of HKD 2,746,000 in the previous year[12] - For the six months ended June 30, 2025, the company reported a profit of HKD 799,000, compared to a loss of HKD 2,784,000 for the same period in 2024[12] - Basic earnings per share for the six months ended June 30, 2025, was HKD 0.36, a recovery from a loss of HKD (2.42) in 2024[40] - The company recorded a net profit of approximately HKD 0.8 million for the six months ended June 30, 2025, compared to a net loss of approximately HKD 2.9 million for the same period in 2024[55] Assets and Liabilities - Total assets decreased to HKD 85,279,000 as of June 30, 2025, down from HKD 94,454,000 at the end of 2024[10] - Current liabilities decreased to HKD 33,437,000 from HKD 42,255,000, showing a reduction of 20.9%[11] - The total liabilities for the reportable segments decreased to HKD 34,524 in 2025 from HKD 58,321 in 2024[29] - The total assets for the reportable segments decreased to HKD 83,254 in 2025 from HKD 99,011 in 2024[30] - Total borrowings as of June 30, 2025, were HKD 2,518,000, down from HKD 7,559,000 as of December 31, 2024[48] - The group's total debt, including borrowings and lease liabilities, was approximately HKD 4.5 million as of June 30, 2025, significantly reduced from HKD 9.9 million as of December 31, 2024[64] - The capital debt ratio was approximately 8.9% as of June 30, 2025, down from 19.9% as of December 31, 2024[64] Cash Flow and Liquidity - The company’s cash and bank balances were HKD 1,219,000, down from HKD 2,672,000, indicating a liquidity challenge[10] - Cash generated from operating activities was HKD 3,853,000, a decrease of 41.4% from HKD 6,574,000 in the previous year[13] - The company’s cash and cash equivalents decreased to HKD 1,219,000 from HKD 2,019,000, reflecting a decline of 39.6%[13] - The company incurred a net cash outflow from financing activities of HKD 5,840,000, compared to HKD 8,776,000 in the previous year[13] - The group maintained a net cash position as of June 30, 2025, indicating a stable financial condition to pursue business expansion[63] Equity and Shareholder Information - Total equity increased to HKD 50,384,000 from HKD 49,603,000, reflecting a growth of 1.57%[11] - The total equity attributable to owners increased to HKD 49,879,000 from HKD 38,766,000, representing a growth of 28.7%[12] - The total equity attributable to owners of the company was approximately HKD 49.9 million as of June 30, 2025, compared to HKD 49.1 million as of December 31, 2024[63] - The board does not recommend the payment of an interim dividend for the six months ended June 30, 2025[73] - The company did not recommend any interim dividend for the six months ended June 30, 2025, compared to no dividend in 2024[41] Operational Insights - The company has not disclosed any new product developments or market expansion strategies in the current report[7] - The company remains cautiously optimistic about future prospects, believing in gradual global economic recovery and long-term stable growth despite current challenges[56] - The company plans to continue investing in technological innovation and talent development to maintain its competitive advantage in the foundation engineering sector in Hong Kong[56] - The group did not make any significant investments, acquisitions, or disposals of subsidiaries or associates during the six months ended June 30, 2025[65] Governance and Compliance - The company has adopted the trading standards as per GEM Listing Rules, and all directors confirmed compliance during the six months ending June 30, 2025[81] - The company has adhered to all applicable corporate governance codes as per GEM Listing Rules during the reporting period[83] - An audit committee has been established to review and supervise the financial reporting process and internal control procedures[84] Management Changes - Following the resignation of Mr. Liu Songhao on September 10, 2025, Mr. Chen Juming was appointed as an executive director and co-chairman of the board[85] Miscellaneous - The company issued 106,340,018 shares through a rights issue at a subscription price of HKD 0.12 per share, raising net proceeds of approximately HKD 11,836,000[47] - Trade receivables overdue as of June 30, 2025, amounted to approximately HKD 97,000, compared to HKD 1,623,000 as of December 31, 2024[12] - Trade payables decreased from HKD 13,431,000 as of December 31, 2024, to HKD 6,562,000 as of June 30, 2025[50] - There were no competitive businesses or conflicts of interest involving directors, major shareholders, or their close associates during the reporting period[80] - No shares of the company were purchased, sold, or redeemed by the company or its subsidiaries during the six months ending June 30, 2025[79] - The group has no significant contingent liabilities as of June 30, 2025[69] - No stock options were granted, exercised, expired, or lapsed under the stock option plan during the six months ending June 30, 2025[82] - Post-reporting period, the company secretary acquired 51,000,000 shares and 750,000 shares from Qihao Limited and Liu Songhao respectively[86]

Core Viewpoint - The company is actively seeking investment opportunities in high-growth potential industries to create value and returns for its shareholders [1] Group 1: Business Operations - The company primarily operates as a subcontractor for foundation and site leveling works in Hong Kong, as well as engaging in the trade of alcoholic beverages in mainland China [1] Group 2: Strategic Initiatives - The company is exploring investment opportunities in modern aquaculture operations, which may include the development of specialized farming facilities and related value-added products [1] - The company is considering opportunities in livestock farming and animal husbandry, potentially involving modern farm operations and related agricultural product production [1] - The company is evaluating a potential acquisition of a licensed virtual asset trading platform, which may include establishing and operating regulated cryptocurrency exchange services and related fintech solutions [1] Group 3: Competitive Advantage - The board believes that these strategic initiatives can leverage the company's resources and expertise, while opening new market opportunities to enhance competitiveness and create sustainable value for shareholders [1]

Group 1 - The core business of the company includes providing foundation and site leveling engineering as a subcontractor in Hong Kong, as well as engaging in the trade of alcoholic beverages in mainland China [1] - The company is actively seeking industry opportunities with significant growth potential, including modern aquaculture operations and related value-added products [1] - The company is considering opportunities in livestock farming and animal husbandry, which may involve modern farm operations and related agricultural product production [1] Group 2 - The company is evaluating a potential acquisition of a licensed virtual asset trading platform, which may include establishing and operating regulated cryptocurrency exchange services and related fintech solutions [1] - The board believes that these strategic initiatives can leverage the company's resources and expertise while exploring new market opportunities, thereby enhancing competitiveness and creating sustainable value for shareholders [1]

Group 1 - The core point of the article is that the Hong Kong-listed company Base Champion (08460.HK) plans to acquire a licensed virtual asset trading platform, which may include cryptocurrency exchange and related fintech solutions [1] - Base Champion primarily engages in foundation engineering and beverage trading, and also has interests in agriculture and agricultural products [1] - The current market capitalization of Base Champion is approximately HKD 13 million to 16 million, categorizing it as a micro-cap company [1]

Core Viewpoint - The company is actively seeking growth opportunities in various sectors to create value and returns for its shareholders, including modern farming operations and potential acquisitions in the virtual asset trading space [1] Group 1: Business Operations - The company primarily operates as a subcontractor for foundation and site leveling works in Hong Kong and engages in the trade of alcoholic beverages in mainland China [1] Group 2: Growth Opportunities - The company is exploring investment opportunities in modern farming operations, which may include the development of specialized breeding facilities and related value-added products [1] - The company is considering opportunities in livestock farming and animal husbandry, which may encompass modern farm operations and related agricultural product production [1] - The company is evaluating a potential acquisition of a licensed virtual asset trading platform, which may include establishing and operating regulated cryptocurrency exchange services and related fintech solutions [1] Group 3: Strategic Initiatives - The board believes that these strategic initiatives can leverage the company's resources and expertise while opening new market opportunities, thereby enhancing competitiveness and creating sustainable value for shareholders [1]

Group 1 - The company announced that Mr. Liu Songhao is no longer serving as the compliance officer as per the GEM listing rules [1] - Following the amendment of the GEM listing rules effective January 1, 2024, the company is no longer required to appoint a compliance officer [1] - The board has decided to abolish the compliance officer position after Mr. Liu's resignation on September 17, 2025 [1]

Core Viewpoint - Base Jinbiao Group (08460.HK) announced that Liu Songhao is no longer serving as the company's compliance officer according to the GEM listing rules, specifically Article 5.19, which will be abolished on January 1, 2024 [1] Group 1 - Liu Songhao's departure as compliance officer is a significant change for the company [1] - The compliance officer role was governed by GEM listing rules, indicating regulatory oversight [1] - The specific rule under which Liu served will be abolished in early 2024, suggesting potential changes in compliance requirements for the company [1]

Group 1 - The company announced that Mr. Liu Songhao has ceased to serve as the compliance officer in accordance with the GEM listing rules [1] - Following the amendment of the GEM listing rules effective January 1, 2024, the company is no longer required to appoint a compliance officer [1] - The board has decided to abolish the compliance officer position after Mr. Liu's resignation on September 17, 2025 [1]