Hyfusin Group Holdings Limited 凱富善集團控股有限公司 （於開曼群島註冊成立之有限公司） 股份代號 : 8512 報告原則及報告範圍 1 有關本報告 凱富善集團控股有限公司（「本公司」）及其附屬公司（統稱「本集團」或「我們」）致力在經濟、社會及 環境方面以可持續發展方式經營業務。 本集團為亞洲領先的蠟燭生產商，配備專門實驗室及創新機器，可供合資格化學家測試、開發及 設計專有配方及材料。 本集團欣然發佈其《環境、社會及管治（「ESG」）報告》（「ESG報告」），旨在向內部及外界的持份者 闡述本集團推動可持續發展的成效。 環境、社會及管治報告 2024 目錄 | 報告原則及報告範圍 | | | | --- | --- | --- | | 1. | 有關本報告 | 2-3 | | 2. | 董事會聲明 | 3 | | 3. | 持份者參與 | 4 | | 4. | 反饋 | 5 | | 5. | 重要性矩陣 | 5-6 | | A. 環境 | | | | | A1.1. 氣體燃料消耗之排放數據 | 7-9 | | | A1.2. 溫室氣體排放 | 10-12 | | | A1.3. 有 ...

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通告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不就因本通告全部或任 何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Hyfusin Group Holdings Limited 凱富善集團控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8512） 股東週年大會通告 茲通告凱富善集團控股有限公司（「本公司」）謹訂於2025年6月6日（星期五）下午三 時正假座香港中環皇后大道中5號衡怡大廈9樓舉行股東週年大會（「股東週年大 會」），藉以處理下列事項： 普通決議案 1 1. 省覽及採納本公司截至2024年12月31日止年度經審核綜合財務報表及董事會 報告與獨立核數師報告。 2. 重選本公司下列退任董事（「董事」）： (a) 黃偉捷先生為執行董事； (b) 黃韵殷女士為執行董事；及 (c) 陳昌達先生為獨立非執行董事。 3. 授權董事會釐定各名董事的酬金。 4. 續聘香港立信德豪會計師事務所有限公司為本公司核數師並授權董事會釐定 其截至2025年12月31日止年度的酬金。 2 5. 考慮並酌情通過（無論有否修訂） ...

此乃要件 請即處理 閣下如對本通函任何方面或應採取的行動有任何疑問，應諮詢 閣下的股票經紀或 其他註冊證券交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已出售或轉讓名下所有凱富善集團控股有限公司（一間於開曼群島註冊成立之 有限公司，其股份於香港聯合交易所有限公司GEM上市），應立即將本通函及隨附的 代表委任表格送交買主或承讓人，或經手買賣或轉讓的銀行、股票經紀或其他代理商， 以便轉交買主或承讓人。 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通函的內容概不負責， 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通函全部或任何部 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。 Hyfusin Group Holdings Limited 凱富善集團控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8512） 發行股份及購回股份的一般授權建議、 重選退任董事建議 及 股東週年大會通告 凱富善集團控股有限公司謹訂於2025年6月6日（星期五）下午三時正假座香港中環皇 后大道中5號衡怡大廈9樓舉行股東週年大會，大會通告載於本通函第20頁至24頁。隨 附適用於股東週年大 ...

Financial Performance - The group's revenue for the year ended December 31, 2024, was approximately HKD 909.4 million, an increase of about HKD 43.1 million or 5.0% compared to HKD 866.3 million for the same period in 2023[13]. - The net profit for the year ended December 31, 2024, was approximately HKD 171.4 million[8]. - The gross profit for the year ended December 31, 2024, was approximately HKD 351.9 million, an increase of about HKD 16.4 million or 4.9% compared to HKD 335.5 million for the same period in 2023[14]. - The increase in revenue was attributed to higher sales volumes of daily use candles and other candle products, which rose by approximately HKD 12.3 million and HKD 33.1 million, respectively[13]. - Other income for the year ended December 31, 2024, was approximately HKD 17.7 million, an increase of about HKD 8.6 million or 94.5% compared to HKD 9.1 million for the same period in 2023[16]. - Other gains for the year ended December 31, 2024, were approximately HKD 32.3 million, an increase of about HKD 30.5 million or 1,694.4% compared to HKD 1.8 million for the same period in 2023[17]. - Net profit for the year ended December 31, 2024, was approximately HKD 171.4 million, an increase of about HKD 69.1 million or 67.5% compared to HKD 102.3 million for the same period in 2023[23]. - The company reported a total comprehensive income of HKD 171,402,000 for 2024, compared to HKD 102,307,000 in 2023, reflecting a growth of 67.6%[193]. Expenses and Liabilities - Sales and distribution expenses for the year ended December 31, 2024, were approximately HKD 42.4 million, a decrease of about HKD 43.8 million or 50.8% compared to HKD 86.2 million for the same period in 2023[18]. - Administrative expenses for the year ended December 31, 2024, were approximately HKD 145.0 million, an increase of about HKD 34.3 million or 31.0% compared to HKD 110.7 million for the same period in 2023[19]. - Financing costs decreased to HKD 11,769,000 in 2024 from HKD 14,571,000 in 2023, a reduction of 19.4%[193]. - Total liabilities decreased to HKD 149,815,000 in 2024 from HKD 181,348,000 in 2023, a reduction of approximately 17.3%[196]. Assets and Equity - Total assets as of December 31, 2024, were approximately HKD 796.8 million, an increase from approximately HKD 686.9 million as of December 31, 2023[25]. - The company's equity increased to HKD 646,972,000 in 2024, up from HKD 505,570,000 in 2023, indicating a growth of around 28.0%[196]. - Current assets rose to HKD 576,739,000 in 2024, up from HKD 513,413,000 in 2023, marking an increase of about 12.3%[194]. - Cash and cash equivalents at year-end were HKD 324,514,000 in 2024, slightly down from HKD 336,772,000 in 2023, a decrease of about 3.6%[200]. Production and Market Strategy - The company is focusing on expanding its production capacity with two new highly automated factories, with renovations expected to be completed by the first half of 2025[11]. - The company aims to capture growth in the scented candle market, particularly in the U.S., by establishing contracts with sales representatives for potential orders[12]. - The demand for scented candles continues to drive market growth, reflecting consumer preferences for aromatic and colored candles[10]. - The company has established long-term relationships with customers, supported by an experienced management team, enhancing confidence in future growth opportunities[12]. Governance and Compliance - The board consists of three executive directors and three independent non-executive directors, ensuring a balanced composition[57]. - The company has appointed independent non-executive directors with appropriate accounting qualifications, fulfilling GEM listing rules requirements[58]. - The board has established mechanisms to ensure independent opinions are communicated, enhancing decision-making effectiveness[62]. - The company has a legal liability insurance plan for directors, reviewed annually to ensure adequate protection[60]. - The company has established a governance framework that is reviewed annually for effectiveness[63]. - The company has complied with all relevant Hong Kong laws and regulations without any significant violations during the year[140]. Shareholder and Dividend Policy - The company does not recommend the payment of any dividends for the year ended December 31, 2024[24]. - The group has adopted a dividend policy aimed at providing sustainable returns to shareholders while retaining sufficient reserves for future development[123]. - The group reported a total reserve of approximately HKD 11.4 million available for distribution to equity shareholders as of December 31, 2024[128]. Employee and Director Information - The number of employees as of December 31, 2024, was approximately 1,500, an increase from approximately 1,270 employees as of December 31, 2023[36]. - The company provides necessary training for newly appointed directors to ensure they understand their responsibilities under relevant regulations[90]. - The company encourages all directors to participate in continuous professional development activities to enhance their knowledge and skills[90]. Environmental and Social Responsibility - The company has established a commitment to environmental protection and is promoting clean operational practices[138]. - An independent ESG report is expected to be published alongside the annual report on the stock exchange and the company's website[139]. Share Buyback and Share Option Plan - The company completed a share buyback agreement on February 20, 2024, purchasing 181,500,000 shares for a total of HKD 30,000,000, equating to approximately HKD 0.165 per share[160]. - The company has adopted a new share option plan on June 7, 2024, aimed at incentivizing employees and service providers to enhance the company's value[166]. - No share options were granted or exercised under the previous share option plan, which was terminated on June 7, 2024[166].

Financial Performance - The group's revenue for the year ended December 31, 2024, was HKD 909,449,000, representing a 5.0% increase from HKD 866,251,000 in 2023[4] - Gross profit increased to HKD 351,901,000, up 4.9% from HKD 335,541,000 in the previous year[4] - Profit attributable to owners of the company rose to HKD 171,434,000, a significant increase of 67.6% compared to HKD 102,286,000 in 2023[4] - Basic and diluted earnings per share increased to HKD 17.58, compared to HKD 9.30 in the prior year, reflecting a growth of 89.2%[4] - Total revenue for the year 2024 reached HKD 909,449,000, an increase of 4.6% compared to HKD 866,251,000 in 2023[19] - Other income rose to HKD 17,704,000 in 2024, a 94.5% increase from HKD 9,111,000 in 2023, driven by higher bank interest income[31] - The net profit for the fiscal year ending December 31, 2024, was approximately HKD 171.4 million, an increase of about HKD 69.1 million or 67.5% compared to HKD 102.3 million in 2023[72] Assets and Liabilities - Total assets as of December 31, 2024, amounted to HKD 796,787,000, an increase from HKD 686,918,000 in 2023[5] - The net asset value increased to HKD 646,972,000, up from HKD 505,570,000 in the previous year, indicating a growth of 28.0%[6] - The total liabilities decreased to HKD 149,815,000 from HKD 181,348,000, showing a reduction of 17.3%[6] - The company's current ratio improved to approximately 4.1 times as of December 31, 2024, compared to 3.0 times in 2023, primarily due to an increase in trade and other receivables[74] Sales Performance - Sales of daily candles amounted to HKD 123,889,000, up from HKD 111,594,000, reflecting a growth of 10.5%[19] - Sales of decorative candles increased to HKD 33,754,000, a rise of 23.5% from HKD 27,308,000[19] - Customer A generated revenue of HKD 503,882,000 in 2024, down 7.48% from HKD 544,698,000 in 2023, while Customer B's revenue surged by 67.5% to HKD 139,151,000[30] Operational Developments - The company plans to continue expanding its market presence and investing in new product development to sustain growth[4] - The company established contracts with sales representatives to incentivize them with sales rewards for customer orders, aiming to capture growth in the candle market, particularly in the U.S.[60] - The company plans to complete the renovation of its first factory by the first half of 2025, which is expected to enhance production capacity and operational efficiency[58] Financial Management - Financing costs decreased to HKD 11,769,000 in 2024, down 19.5% from HKD 14,571,000 in 2023[33] - The company's administrative expenses increased by approximately HKD 34.3 million or 31.0% to HKD 145.0 million for the fiscal year ending December 31, 2024, primarily due to increases in salaries and professional fees[67] - The company has repaid approximately HKD 2.9 million in bank loans in Hong Kong and Vietnam, along with HKD 4.0 million in overdrafts[99] Market Strategy - The company operates primarily in the US and UK markets, focusing on department stores and procurement agents[19] - The group focuses on the mid-to-high-end candle market, primarily targeting the US and UK markets[57] - The demand for scented candles continues to grow, driving market momentum for the group[57] Shareholder Information - No dividends were declared or proposed for the years ended December 31, 2024, and 2023[39] - The company agreed to repurchase 181,500,000 shares from the seller at a total price of HKD 30,000,000, equating to approximately HKD 0.165 per share[106] - Following the share repurchase, the total number of issued shares decreased from 1,100,000,000 to 918,500,000 shares[106] Compliance and Reporting - The audit committee reviewed the consolidated financial statements for the year ending December 31, 2024, including significant accounting policies and estimates[108] - The financial figures in the preliminary announcement for the year ending December 31, 2024, were verified by the auditor, confirming consistency with the audited financial statements[110] - The annual general meeting for the fiscal year 2024 is scheduled for June 6, 2025[111]

Hyfusin Group Holdings Limited 凱富善集團控股有限公司 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者， 根據董事會對本集團截至2024年12月31日止年度（「2024年度」）的未經審核綜合管 理賬目的初步審閱及董事會現時可得資料，本集團預期於2024年度將錄得本公司 擁有人應佔溢利介乎約168,000,000港元至178,000,000港元，相比截至2023年12月 31日止年度則錄得約102,300,000港元。 董事會認為上述本公司擁有人應佔溢利預期增加主要由於(i)客戶新訂單導致收益 增加；及(ii)撥回召回索賠撥備約29,700,000港元所致。 1 本集團仍在落實其2024年度全年業績。本公告所載資料僅以對本集團2024年度的 未經審核綜合管理賬目的初步審閱及董事會現時可得資料為基準，故未必準確。 本集團2024年度的未經審核綜合管理賬目尚未落實亦未經本公司審核委員會審閱。 本集團2024年度的全年業績可能有別於本公告所提述的資料。股東及潛在投資者 務請細閱本公司2024年度的全年業績公告，預期2024年度的全年業績公告將根據 GEM ...

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。 Hyfusin Group Holdings Limited 凱富善集團控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8512） 董事會召開日期 凱富善集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公 司將於二零二五年三月二十一日（星期五）舉行董事會會議，藉以（其中包括）批准 本公司及其附屬公司截至二零二四年十二月三十一日止經審核年度業績以供發佈， 及考慮派發末期股息（如有）。 承董事會命 凱富善集團控股有限公司 本公告將自其刊發日期起最少七天於香港聯合交易所有限公司網站 www.hkexnews.hk的「最 新 上 市 公 司 公 告」一 頁 刊 載，亦 將 於 本 公 司 網 站 www.hyfusingroup.com刊載。 黃偉捷先生 香港，二零二五年三月十一日 於本公告日期，董事為： 執行董事 黃偉捷先生 黃聞捷先生 黃韵殷女士 獨立非執行董事 陳昌達 ...

Hyfusin Group Holdings Limited 凱富善集團控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8512） 董事名單與其角色和職能 自2024年11月1日起，凱富善集團控股有限公司之董事會（「董事會」）成員載列如下： 獨立非執行董事 陳昌達先生 何志威先生 朱健宏先生 共有三個董事委員會。下表載列相關董事會成員任職的該等委員會的成員資料。 | 董事委員會 | | | | | --- | --- | --- | --- | | | 審核委員會 | 薪酬委員會 | 提名委員會 | | 董事 | | | | | 黃偉捷先生 | — | — | — | | 黃聞捷先生 | — | — | — | | 黃韵殷女士 | — | — | — | | 陳昌達先生 | 主席 | 成員 | 成員 | | 何志威先生 | 成員 | 成員 | 主席 | | 朱健宏先生 | 成員 | 主席 | 成員 | 香港，2024年10月31日 執行董事 黃偉捷先生 （主席） 黃聞捷先生 （行政總裁） 黃韵殷女士 ...

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依賴該等內容而引致的任何損失承擔任何責任。 黃女士已與本公司訂立服務協議，初步固定期限為期三年，自2024年11月1日起生 效，其後繼續生效，直至任何一方向另一方發出不少於3個月之書面通知予以終止 為止。彼任期僅直至其獲委任後本公司第一次股東週年大會，且符合資格於該大 會上重選連任，並須根據本公司之組織章程細則輪值退任及重選連任。經考慮本 公司薪酬委員會（「薪酬委員會」）之建議，黃女士將有權收取本公司每年1,050,000 港元的董事酬金、執行董事宿舍、醫療福利及花紅，乃經參考彼的資歷、經驗、 於本公司的職務及責任，以及本公司的表現及現行市況後釐定。黃女士的薪酬將 由薪酬委員會及董事會不時檢討。 黃女士為本公司執行董事黃偉捷先生及黃聞捷先生的胞妹。黃女士亦獲委任為泛 明實業有限公司的執行董事，自2024年11月1日起生效。 1 Hyfusin Group Holdings Limited 凱富善集團控股有限公司 （於開曼群島註冊成立之有限公司） ...

Financial Performance - Revenue for the six months ended June 30, 2024, was HKD 406,237,000, an increase of 9.4% from HKD 371,344,000 for the same period in 2023[5] - Gross profit for the same period was HKD 167,796,000, representing a gross margin of 41.3%, compared to a gross profit of HKD 136,834,000 and a margin of 36.8% in 2023[5] - Net profit attributable to owners for the period was HKD 94,552,000, a significant increase of 58.8% from HKD 59,523,000 in the previous year[5] - Basic and diluted earnings per share increased to HKD 9.15 from HKD 5.41, reflecting a growth of 69.5%[5] - The company reported a total comprehensive income of HKD 64,518,000 for the six months ended June 30, 2024, compared to HKD 94,552,000 for the same period in 2023[9] - The company generated a net profit of approximately HKD 94.6 million for the six months ended June 30, 2024, an increase of about HKD 35.1 million or 59.0% compared to HKD 59.5 million in the same period of 2023[51] Assets and Liabilities - Total assets as of June 30, 2024, amounted to HKD 766,792,000, up from HKD 686,918,000 at the end of 2023, indicating a growth of 11.6%[6] - Current assets increased to HKD 553,449,000 from HKD 513,413,000, representing a rise of 7.8%[6] - Total liabilities increased to HKD 196,704,000 from HKD 181,348,000, reflecting an increase of 8.5%[7] - The net asset value as of June 30, 2024, was HKD 570,088,000, compared to HKD 505,570,000 at the end of 2023, showing an increase of 12.7%[7] - Non-current assets as of June 30, 2024, totaled HKD 189,066,000, compared to HKD 148,053,000 as of December 31, 2023, reflecting a growth of 27.7%[20] Cash Flow - The net cash used in operating activities for the six months ended June 30, 2024, was HKD (21,265,000), an improvement from HKD (43,729,000) in the same period of 2023[10] - The net cash used in investing activities for the six months ended June 30, 2024, was HKD (44,053,000), compared to HKD 263,000 in the same period of 2023[10] - The net cash used in financing activities for the six months ended June 30, 2024, was HKD (36,838,000), a decrease from HKD 6,866,000 in the same period of 2023[10] - As of June 30, 2024, cash and cash equivalents totaled HKD 234,616,000, up from HKD 134,754,000 as of June 30, 2023[10] Market and Sales - The sales breakdown for candle products included daily candles at HKD 54,734,000, scented candles at HKD 274,948,000, decorative candles at HKD 8,585,000, and others (including scented diffusers) at HKD 67,970,000[13] - Revenue from the US market reached HKD 393,050,000, up 11.4% from HKD 352,901,000 year-over-year[19] - The sales of scented candles increased by approximately HKD 4.7 million or 1.8% compared to the same period in 2023, reflecting the ongoing trend in the U.S. market for scented and colored candles[47] Operational Strategy - The company plans to continue expanding its market presence and investing in new product development to drive future growth[5] - The management remains optimistic about achieving further revenue growth and improving profitability in the upcoming periods[5] - The company is focusing on expanding its production capacity with the new highly automated factory, which is expected to enhance efficiency and capture growth in the U.S. candle market[46] - The company has established long-term relationships with customers, supported by an experienced management team, which is expected to lead to future business opportunities and growth[47] Employee and Compensation - The total employee compensation for the six months ended June 30, 2024, was approximately HKD 82.3 million, up from HKD 69.6 million for the same period in 2023[61] - Key management personnel compensation for the six months ended June 30, 2024, was HKD 44,699,000, compared to HKD 28,819,000 for the same period in 2023[42] - The group employed approximately 2,110 employees as of June 30, 2024, an increase from about 1,070 employees as of June 30, 2023[61] Corporate Governance - The company has complied with the corporate governance code as per GEM listing rules during the six months ending June 30, 2024[82] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated results for the six months ending June 30, 2024, ensuring compliance with applicable accounting standards[84] Shareholder Information - As of June 30, 2024, the company’s major shareholders include AVW International Limited, holding 643,500,000 shares, representing 70.1% of issued shares[69] - The company completed a share buyback agreement on April 24, 2024, purchasing 181,500,000 shares for HKD 30 million, reducing total issued shares from 1,100,000,000 to 918,500,000[73] - The previous share option plan adopted on June 23, 2018, was terminated on June 7, 2024, with no unexercised options remaining[75] - The company adopted a share option plan on June 7, 2024, allowing eligible participants to acquire up to 10% of the total issued shares as of the adoption date[76]