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。 Icon Culture Global Company Limited 天泓文創國際集團有限公司 吳先生已確認：(a)彼符合GEM上市規則第5.09(1)至(8)條所載的獨立性標準；(b) 彼過去或現在並無於本公司或其附屬公司之業務中擁有任何財務或其他權益，且 與本公司任何核心關連人士（定義見創業板上市規則）概無任何關係；及(c) 在其 被任命時，不存在其他可能影響其獨立性的因素。 代表 天泓文創國際集團有限公司 主席 陳宗憲 香港，二零二五年八月二十五日 於本公告日期，執行董事為姚通先生、梁薇女士（行政總裁兼合規主任）及劉標先生；非執行董事為陳宗憲先 生（主席）；以及獨立非執行董事為田濤先生、劉立漢先生及吳洲先生。 各董事願就本公告所載資料之準確性共同及個別地承擔全部責任，並在作出一切合理查詢後，確認就其所深知 ，本公告所表達意見乃經審慎周詳考慮後始行作出，且本公告並無遺漏任何其他事項，足以令致本公告 ...

香港聯合交易所有限公司 (香港交易及結算所有限公司全資附屬公司) 附錄五 上市申請表格 F 表格 GEM 公司資料報表 檔案編號: 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資料報表的內容概不負責，對其準 確性或完整性亦不發表任何聲明，並明確表示概不對因本資料報表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。 公司名稱： 天泓文創國際集團有限公司 證券代號（普通股）： 8500 本資料報表列載若干有關上述在香港聯合交易所有限公司（「交易所」）GEM上市的公司 （「該公司」）的資料。該等資料乃遵照香港聯合交易所有限公司《GEM證券上市規則》 （「《GEM上市規則》」）的規定而提供，旨在向公眾提供有關該公司的資料。該等資料將 會在互聯網的GEM網頁展示。本資料報表不應視作有關該公司及╱或其證券的完整資料概要。 本報表的資料乃於二零二五年八月二十日更新。 A. 一般資料 註冊成立地點: 開曼群島 在 GEM 首次上市日期: 2020 年 1 月 14 日 保薦人名稱: 創陞融資有限公司 執行董事： 姚通先生 梁薇女士（行政總裁及合規主任） 劉標先生 Page 1 of 6 202 ...

Icon Culture Global Company Limited 非執行董事： 陳宗憲先生 (主席) 獨立非執行董事： 田濤先生 劉立漢先生 吳洲先生 董事會已成立三個董事委員會，即審核委員會，薪酬委員會及提名委員會◦下表載列各董 事會成員於該等委員會中擔任的職位◦ 天 泓 文 創 國 際 集 團 有 限 公 司 ( 於開曼群島註冊成立的㚱限公司) ( 股份代號： 8500) 董事名單及其角色及職能 天泓文創國際集團有限公司 (ˬ本公司) 之董事 (ˬ董事) 會 (ˬ董事會) 成員如下載列： 執行董事： 姚通先生 梁薇女士(行政總裁及合規主任) 劉標先生 | | 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | | 姚通先生 | – | M | C | | 陳宗憲先生 | – | – | – | | 梁薇女士 | – | – | – | | 劉標先生 | – | – | – | | 田濤先生 | M | M | M | | 劉立漢先生 | M | C | M | | 吳洲先生 | C | M | M | 附註： C: 相關董事委員會主席 M: 相關董事委 ...

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之任何損失承擔任何責任。 Icon Culture Global Company Limited 天泓文創國際集團有限公司 （於開曼群島註冊成立之有限公司） 委任獨立非執行董事及 董事委員會組成之變動 委任獨立非執行董事 天泓文創國際集團有限公司（「本公司」）董事（「董事」）會（「董事會」 ）欣然宣佈，吳洲先生（「吳先生」）已獲委任為獨立非執行董事，自二零二 五年八月二十日起生效。 吳先生的履歷載列如下： 吳先生，47歲，持有波士頓大學資訊科技碩士學位，彼同時持有紐約州立大學水牛城分 校財務分析及會計學士學位，曼徹斯特都會大學普通法學士學位，在金融界擁有20年以 上穩固經驗。吳先生現為香港中正科技限公司的首席運營官，彼主要負責為該公司提供 合規，管理及負責發展業務。其曾任職於各大證券公司的合規總監崗位及四大會計師事 務所審計師。 吳先生已與本公司訂立委任函，任期自二零二五年八月二十日起計為期一年。根據本公 司的組織章程細則，劉先生 ...

天泓文創國際集團有限公司 （於開曼群島註冊成立的有限公司） 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。 Icon Culture Global Company Limited 代表 天泓文創國際集團有限公司 主席 陳宗憲 香港，二零二五年八月十九日 於本公告日期，執行董事為姚通先生、梁薇女士（行政總裁兼合規主任）及劉標先生；非執行董事為陳宗憲先 生（主席）；以及獨立非執行董事為田濤先生及劉立漢先生。 各董事願就本公告所載資料之準確性共同及個別地承擔全部責任，並在作出一切合理查詢後，確認就其所深知 ，本公告所表達意見乃經審慎周詳考慮後始行作出，且本公告並無遺漏任何其他事項，足以令致本公告所載任 何陳述產生誤導。 本公告乃遵照 GEM 上市規則而刊載，旨在提供有關本公司之資料；各董事願就本公告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，確認就其所深知及確信，本公告所載資料在各重大方面均屬準確完備，並 無誤導或欺詐成分，且並無遺漏任何其他事 ...

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: 天泓文創國際集團有限公司 呈交日期: 2025年8月6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) | 08500 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/ ...

Revenue Performance - Revenue for 2024 decreased by 13.7% to RMB 21,948,000 compared to RMB 25,424,000 in 2023[20] - The Group's revenue for the fiscal year ending December 31, 2024, is approximately RMB 21.9 million, representing a year-on-year decrease of 13.7% compared to 2023[28][29] - The company's revenue for the year amounted to RMB 21.9 million, representing a decrease of 13.7% compared to RMB 25.4 million in 2023[40] Profitability and Loss - Gross loss for 2024 was RMB (2,155,000), a significant decline from a gross profit of RMB 4,164,000 in 2023[20] - Loss attributable to equity shareholders of the Company improved by 79.0%, reducing from RMB (84,647,000) in 2023 to RMB (17,814,000) in 2024[20] - The net loss for the Group in 2024 is approximately RMB 17.8 million, a significant improvement from a net loss of approximately RMB 84.6 million in 2023[28][29] Revenue Breakdown - Online media advertising services accounted for 49.7% of total revenue in 2024, amounting to RMB 10,903,000[21] - Traditional offline media advertising services generated RMB 2,908,000, representing 11.5% of total revenue in 2024[21] - Public relations, marketing campaigns, and other services contributed RMB 3,843,000, which is 17.5% of total revenue in 2024[21] - Traditional offline media advertising services revenue decreased by 35.5% to RMB 10.9 million, accounting for 49.7% of total revenue[41] - Online media advertising services revenue decreased by RMB 1.8 million to RMB 3.8 million, a decrease of 31.4% compared to 2023[46] - Revenue from public relations, marketing campaigns, and other services increased by RMB 4.3 million from RMB 2.9 million in 2023 to RMB 7.2 million in 2024[47] Strategic Focus and Future Outlook - The company is focusing on expanding its online media advertising services to enhance revenue streams[20] - Future outlook includes potential market expansion and the introduction of new marketing strategies to improve profitability[20] - The company is committed to enhancing its product offerings through ongoing research and development initiatives[20] - Management is optimistic about recovery in the upcoming fiscal year, aiming for a return to profitability[20] - The company is focusing on performance-based advertising as customer marketing budgets shift, impacting traditional media advertising services[30] - The company has successfully expanded into Internet and new marketing services, achieving significant business development breakthroughs[30] Market Trends and Economic Indicators - In 2024, China's GDP growth is projected at 4.9%, a decrease from 5.2% in 2023, indicating a stable economic reversal[23][24] - The overall brand marketing consulting market size in China is expected to reach approximately RMB 54.58 billion in 2024, reflecting a year-on-year growth of 6.21% compared to 2023[25][26] - The penetration rate of AIGC in marketing activities is anticipated to increase by 9.3% in 2024, reaching 78.9%[25][26] - The growth in service consumption is outpacing commodity consumption, driven by the recovery in catering and cultural tourism[23][24] Corporate Governance and Management - The company has a strong emphasis on compliance and corporate governance, with independent directors overseeing these matters[119] - The company’s management team includes experienced professionals with backgrounds in finance, marketing, and corporate governance[121][122] - The Group is committed to compliance with relevant laws and regulations, with no material breaches reported during the Year[145] Employee and Remuneration Policies - The total remuneration cost incurred by the Group for the Year was RMB 8.6 million, a decrease from RMB 10.0 million in 2023[168] - The Group had 36 employees as of December 31, 2024, down from 43 in 2023, reflecting a strategic adjustment in workforce[162] - The Group's employee remuneration policy is periodically reviewed and is based on responsibilities, qualifications, and performance[163] - The Group has adopted a share option scheme to incentivize Directors and eligible employees, enhancing retention and motivation[166] Related Party Transactions - The aggregate amount of service fees payable by KINGOLD Group to the Group for the provision of advertising services for the Year was approximately RMB 1,700,000[186] - The annual caps for the provision of advertising services under the KINGOLD Group Advertising Services New Framework Agreement for each of the years ending 31 December 2023, 2024, and 2025 will not exceed RMB 4.5 million[183] - The Group has been providing media advertising services to KINGOLD Group since December 2014 as part of its usual course of business[176] - All related party transactions during the Year were conducted after arm's length negotiations and were fair and reasonable[171] Financial Position and Assets - As of December 31, 2024, net current assets were approximately RMB 34.2 million, compared to net current liabilities of RMB 14.3 million as of December 31, 2023[67] - The liquidity ratio as of December 31, 2024, was 2.4 times, up from 0.6 times as of December 31, 2023[67] - The leverage ratio as of December 31, 2024, was 12.9%, down from 35.0% as of December 31, 2023[68] - The Group issued 36,000,000 new shares under placing and 216,000,000 new shares under rights issue during the year[69] Board of Directors and Appointments - Ms. Li Chi Ying was appointed as an executive Director on August 9, 2024, focusing on business development[102] - Mr. Yao Tong joined the Group as an executive Director and Chairman in January 2024, responsible for investment management[100] - Mr. Chen Zongxian was appointed as a non-executive Director on October 25, 2024, providing business advice to the Group[104] - Ms. Tam Hon Shan Celia has nearly 29 years of experience in accounting and finance, serving as an independent non-executive Director since December 11, 2019[111] - Mr. Tian Tao has been an independent non-executive Director since December 11, 2019, overseeing compliance and corporate governance[114]

资料显示，天泓文创国际集团有限公司成立于2009年,是一家位于中国广州的综合多媒体广告及营方案 服务供应商,致力于为客户提供全面解决方案,包括策略规划、广告解决方案,制定、提供及采购广告位,内 容制作,与广告平台协调、执行广告,举办公关活动,其他宣传活动以及评估广告的成效。 5月27日，截至港股收盘，恒生指数上涨0.43%，报23381.99点。天泓文创（08500.HK）收报0.32港元/ 股，上涨14.29%，成交量13万股，成交额3.81万港元，振幅17.86%。 最近一个月来，天泓文创累计跌幅45.1%，今年来累计跌幅44%，跑输恒生指数16.06%的涨幅。 财务数据显示，截至2024年12月31日，天泓文创实现营业总收入2194.8万元，同比减少13.67%；归母净 利润-1781.4万元，同比增长78.95%；毛利率-9.82%，资产负债率40.39%。 机构评级方面，目前暂无机构对该股做出投资评级建议。 行业估值方面，媒体及娱乐行业市盈率（TTM）平均值为-6.18倍，行业中值-1.23倍。天泓文创市盈 率-6.29倍，行业排名第71位；其他华视集团控股（01111.HK）为1.73倍、耀星科技 ...

Financial Performance - For the year ended December 31, 2024, the group's revenue was approximately RMB 21.9 million, a decrease of about RMB 3.5 million or 13.7% compared to RMB 25.4 million for the year ended December 31, 2023[4]. - The group's gross profit margin decreased from approximately 16.4% for the year ended December 31, 2023, to approximately -9.8% for the year ended December 31, 2024[4]. - The loss for the year ended December 31, 2024, was approximately RMB 17.8 million, a reduction of RMB 66.8 million compared to a loss of RMB 84.6 million for the year ended December 31, 2023[4]. - Basic loss per share for the year ended December 31, 2024, was approximately RMB 0.06, compared to RMB 0.38 for the year ended December 31, 2023[4]. - For the fiscal year ending December 31, 2024, the total revenue before agency fees was RMB 28,516,000, a decrease from RMB 35,504,000 in 2023, representing a decline of approximately 19%[17]. - The adjusted EBITDA for 2024 was RMB 612 thousand, significantly lower than RMB 8,151 thousand in 2023, indicating a decline of approximately 92.5%[25]. - The company reported a net loss before tax of RMB 17,814 thousand for 2024, compared to a loss of RMB 77,785 thousand in 2023, showing an improvement of approximately 77%[25]. - The company reported a basic loss per share of RMB 17,814,000 in 2024 compared to a loss of RMB 84,647,000 in 2023, showing a significant reduction in losses[34]. Revenue Breakdown - Revenue from traditional offline media advertising services was RMB 10,903,000 in 2024, down from RMB 16,915,000 in 2023, indicating a decrease of about 35%[16]. - Online media advertising services generated revenue of RMB 3,843,000 in 2024, compared to RMB 5,601,000 in 2023, reflecting a decline of approximately 31%[16]. - Revenue from public relations, marketing activities, and other services increased significantly to RMB 7,202,000 in 2024 from RMB 2,908,000 in 2023, marking an increase of about 147%[16]. - For the fiscal year ending December 31, 2024, the total reported segment revenue was RMB 21,948 thousand, a decrease from RMB 25,424 thousand in 2023, representing a decline of approximately 13.3%[23][24]. Assets and Liabilities - The total current assets increased to RMB 57.84 million for the year ended December 31, 2024, compared to RMB 26.28 million for the year ended December 31, 2023[7]. - The total current liabilities decreased to RMB 23.62 million for the year ended December 31, 2024, from RMB 40.58 million for the year ended December 31, 2023[7]. - The total equity attributable to shareholders increased to RMB 34.87 million for the year ended December 31, 2024, compared to a deficit of RMB 14.30 million for the year ended December 31, 2023[7]. - Trade receivables decreased to RMB 82,795,000 in 2024 from RMB 106,292,000 in 2023, a decline of approximately 22%[36]. - The impairment loss on trade receivables was reduced to RMB 80,479,000 in 2024 from RMB 95,102,000 in 2023, indicating an improvement in collection efforts[36]. - Total liabilities for trade and other payables decreased to RMB 11,079,000 in 2024 from RMB 19,260,000 in 2023, a decrease of approximately 43%[41]. Operational Changes - The company launched a new goods trading business during the fiscal year, although it has not yet generated any revenue[15]. - The new goods trading business has been identified as a new operating segment for the company following its launch[20]. - The group plans to consolidate traditional outdoor and community media business while exploring opportunities in social short videos, new media operations, and AIGC innovative technology resources[45]. - The group aims to expand into Web3, virtual digital assets, and metaverse technology applications to derive new industrial business opportunities[50]. Governance and Compliance - The company has established an audit committee consisting of three independent non-executive directors to oversee internal audit functions and financial reporting processes[76]. - The company has complied with the corporate governance code throughout the year ending December 31, 2024[71]. - The company has adopted trading regulations for directors in accordance with GEM Listing Rules, ensuring compliance throughout the year[74]. - The company has applied the principles and provisions of the corporate governance code to enhance transparency and accountability[70]. Dividends and Financial Support - The board does not recommend the payment of a final dividend for the year ended December 31, 2024, consistent with the previous year[4]. - The company plans to secure financial support of RMB 15 million from a major shareholder to ensure operational continuity for at least 18 months from the date of the financial statements[9]. - The company did not recommend any dividend payments for the year ending December 31, 2024, consistent with 2023[33]. Employee and Cost Management - Employee costs, including directors' remuneration, decreased from RMB 10,021 thousand in 2023 to RMB 8,618 thousand in 2024, a reduction of approximately 14%[28]. - As of December 31, 2024, the group had 36 full-time employees, a decrease from 43 in 2023, with total compensation amounting to RMB 8.6 million, down from RMB 10.0 million in 2023[64]. - Media costs decreased to RMB 11,615,000 in 2024 from RMB 16,471,000 in 2023, a reduction of approximately 29%[30]. - The cost of public relations, marketing activities, and other services increased significantly to RMB 9,716,000 in 2024 from RMB 1,777,000 in 2023, representing a growth of over 435%[30]. Other Financial Metrics - The total financial expenses decreased from RMB 885 thousand in 2023 to RMB 171 thousand in 2024, a reduction of approximately 80.7%[28]. - The company recognized a gain of RMB 66 thousand from the sale of property, plant, and equipment in 2024, compared to a loss of RMB 788 thousand in 2023[25][27]. - The impairment loss on property, plant, and equipment increased from RMB 226 thousand in 2023 to RMB 299 thousand in 2024, an increase of approximately 32.3%[25]. - The company reported a net impairment loss reversal of RMB 14,658 thousand in 2024, compared to a loss of RMB 62,955 thousand in 2023, indicating a significant improvement[25]. Shareholder Actions - The group issued 36 million new shares and 216 million new shares through placement and rights issue, respectively, during the year[59]. - The average number of ordinary shares outstanding increased to 322,395,511 in 2024 from 224,324,324 in 2023, reflecting a dilution effect from the rights issue completed in August 2024[34]. - The company has not purchased, sold, or redeemed any of its listed securities during the year[73]. Future Outlook - The company is currently assessing the potential impact of upcoming financial reporting standards that are not yet effective, with no significant impact expected on the consolidated financial statements[13]. - There are currently no plans for significant investments or capital assets in the future[67]. - The company has made significant prepayments for goods trade amounting to RMB 35,701,000 in 2024, which was not present in 2023, indicating a strategic move to secure inventory[38].

Financial Performance - For the year ended December 31, 2024, the group's revenue was approximately RMB 21.9 million, a decrease of about RMB 3.5 million or 13.7% compared to RMB 25.4 million for the year ended December 31, 2023[4] - The group's gross profit margin decreased from approximately 16.4% for the year ended December 31, 2023, to approximately -9.8% for the year ended December 31, 2024[4] - The loss for the year ended December 31, 2024, was approximately RMB 17.8 million, a reduction of RMB 66.8 million compared to a loss of RMB 84.6 million for the year ended December 31, 2023[4] - Basic loss per share for the year ended December 31, 2024, was approximately RMB 0.06, compared to RMB 0.38 for the year ended December 31, 2023[4] - For the fiscal year ending December 31, 2024, the total reported segment revenue was RMB 21,948,000, compared to RMB 25,424,000 for the fiscal year ending December 31, 2023, reflecting a decrease of approximately 13.7%[23][24] - The adjusted EBITDA for the fiscal year 2024 was RMB 612,000, significantly lower than RMB 8,151,000 in 2023, indicating a decline of approximately 92.5%[25] - The company reported a net loss before tax of RMB 17,814,000 for 2024, an improvement from a loss of RMB 77,785,000 in 2023[25][28] - The company recognized a loss of RMB 1,082,000 for impairment of prepaid supplier payments in 2024, down from RMB 4,254,000 in 2023, showing a decrease of approximately 74.6%[25][26] - The total other income for 2024 was RMB 200,000, a decrease from RMB 588,000 in 2023, reflecting a decline of approximately 66.0%[26] - The company incurred financial expenses of RMB 171,000 in 2024, down from RMB 885,000 in 2023, representing a reduction of approximately 80.7%[25][28] - The group's gross loss for the year was approximately RMB 2.2 million, with a gross loss margin of 9.8%, down from a gross profit margin of 16.4% in 2023[48] Revenue Breakdown - For the year ending December 31, 2024, the total revenue before agency fees was RMB 28,516,000, a decrease of 19.6% from RMB 35,504,000 in 2023[17] - Revenue from traditional offline media advertising services was RMB 10,903,000, down 35.5% from RMB 16,915,000 in 2023[16] - Online media advertising services generated revenue of RMB 3,843,000, a decrease of 31.3% from RMB 5,601,000 in 2023[16] - Revenue from public relations, marketing activities, and other services increased to RMB 7,202,000, up 147.0% from RMB 2,908,000 in 2023[16] - The revenue from immediate recognition of contracts was RMB 11,254,000 for 2024, compared to RMB 4,242,000 for 2023, indicating an increase of approximately 165.5%[23][24] Assets and Liabilities - The total current assets increased to RMB 57.84 million for the year ended December 31, 2024, from RMB 26.28 million for the year ended December 31, 2023[7] - The total current liabilities decreased to RMB 23.62 million for the year ended December 31, 2024, from RMB 40.58 million for the year ended December 31, 2023[7] - The company's equity increased to RMB 34.87 million as of December 31, 2024, compared to a deficit of RMB 14.30 million as of December 31, 2023[7] - Trade receivables decreased to RMB 82,795,000 in 2024 from RMB 106,292,000 in 2023, a decline of approximately 22%[36] - The impairment loss on trade receivables was reduced to RMB 80,479,000 in 2024 from RMB 95,102,000 in 2023, indicating an improvement in collection efforts[36] - Total other receivables, deposits, and prepayments increased to RMB 51,447,000 in 2024 from RMB 1,416,000 in 2023, reflecting a substantial growth in these assets[38] - Trade payables decreased to RMB 4,179,000 in 2024 from RMB 11,918,000 in 2023, a decrease of approximately 65%[41] Shareholder and Dividend Information - A major shareholder has committed to provide financial support of RMB 15 million to ensure the group's continued operation for at least 18 months from the date of the financial statements[9] - The board of directors did not recommend the payment of a final dividend for the year ended December 31, 2024, consistent with the previous year[4] - The group did not recommend any dividend payments for the year ending December 31, 2024, consistent with 2023[33] - The board has resolved not to recommend the payment of a final dividend for the year, consistent with 2023[68] Corporate Governance and Compliance - The company has established an audit committee consisting of three independent non-executive directors to oversee internal audit functions and financial reporting processes[76] - The company has complied with the corporate governance code throughout the year ending December 31, 2024[71] - The company has adopted trading regulations for directors in accordance with GEM Listing Rules, ensuring compliance throughout the year[74] - The company has applied the principles and provisions of the corporate governance code as part of its governance practices[70] Future Outlook and Strategic Initiatives - The group plans to consolidate traditional outdoor and community media business opportunities while exploring new media operations and innovative technologies such as AIGC[45] - The group aims to expand into Web3, virtual digital assets, and metaverse technology applications to derive new industrial business opportunities[50] - The company is currently assessing the impact of upcoming financial reporting standards that will take effect in 2025 and 2026, with no significant impact expected on the consolidated financial statements[13] - There are currently no plans for significant investments or capital assets in the future[67] - The company has not purchased, sold, or redeemed any of its listed securities during the year[73] - The company has requested a suspension of trading of its shares on GEM pending the publication of its annual results for the year ending December 31, 2024[78] Employee and Operational Metrics - As of December 31, 2024, the group had 36 full-time employees, a decrease from 43 in 2023, with total compensation amounting to RMB 8.6 million, down from RMB 10.0 million in 2023[64] - The total employee costs, including directors' remuneration, decreased to RMB 8,618,000 in 2024 from RMB 10,021,000 in 2023, a reduction of approximately 14.0%[28] - The group's sales expenses for the year were approximately RMB 2.2 million, a decrease from RMB 4.3 million in 2023[51] - The group's administrative expenses increased to approximately RMB 9.1 million from RMB 8.6 million in 2023[52]