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。 Polyfair Holdings Limited 寶發控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8532） 內部消息 (1)進一步延遲刊發2025年度業績及年報； (2)變更董事會會議日期；及 (3)股份繼續停牌 截至本公告日期，本公司已向本公司的核數師（「核數師」）提供該等公告中所述之 大部分重大未解決事項及資料。經與核數師討論，其表示需要更多詳盡資料，以 評估截至2025年3月31日止財政年度各項目所產生毛損之合理性，並執行相關審計 工作。此外，本公司的核數師仍正對應收賬款及合同資產之預期信貸損失（「ECL」） 評估報告的最終草稿進行審計工作。根據目前進度，2025年度業績及2025年年報 將分別於2025年8月29日及2025年9月8日發佈。 1 董事會會議延期 鑒於2025年度業績推遲刊發，原定用以（其中包括）審議及批准2025年度業績之董 事會會議將改期至2025年8月29日 ...

Core Viewpoint - The company, Baofa Holdings (08532), anticipates a significant financial loss for the fiscal year ending March 31, 2025, with an expected gross loss of approximately HKD 91.2 million, contrasting with a gross profit of about HKD 24.1 million for the fiscal year ending March 31, 2024 [1] Financial Performance - The expected gross loss for the upcoming fiscal year is projected to be at least HKD 91.2 million [1] - For the fiscal year ending March 31, 2024, the company reported a gross profit of approximately HKD 24.1 million [1] - The anticipated loss attributable to equity holders of the company will not be less than approximately HKD 114.7 million, compared to a profit of about HKD 1.2 million in the previous year [1] Contributing Factors - The decline in revenue from the installation of curtain wall systems in Hong Kong is a major factor contributing to the expected gross loss [1] - Increased employee retention costs due to project delays have also impacted financial performance [1] - The company faced high defect repair costs due to substandard construction quality as a subcontractor [1] - Several subcontractors withdrew from unfinished projects, leading to higher labor costs for the company as it took over the completion of these projects [1]

Core Viewpoint - The company, Baofa Holdings (08532), anticipates a significant financial loss for the fiscal year ending March 31, 2025, with an expected gross loss of approximately HKD 91.2 million, contrasting with a gross profit of about HKD 24.1 million for the fiscal year ending March 31, 2024 [1] Financial Performance - The expected gross loss for the reporting year is attributed to several factors, including a substantial decline in revenue from the Hong Kong curtain wall system installation [1] - The anticipated loss attributable to equity holders of the company is projected to be no less than approximately HKD 114.7 million, compared to a profit of about HKD 1.2 million in the previous year [1] Operational Challenges - The company faces increased employee retention costs due to project delays [1] - Quality issues in construction as a subcontractor have led to high defect repair costs [1] - Several subcontractors have exited unfinished projects, resulting in the company incurring higher labor costs to complete these projects [1]

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。 Polyfair Holdings Limited 寶發控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8532） 盈利預警 及 繼續暫停買賣 本公告由寶發控股有限公司（「本公司」，連同其附屬公司，統稱「本集團」）根據香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）GEM證 券 上 市 規 則（「 GEM上市規則」）第 17.10(2)(a)條及香港法例第571章證券及期貨條例第XIVA部項下之內幕消息條文（定 義見GEM上市規則）而作出。 根據董事會可得之最新資料，本集團於報告年度預期之毛損及本公司權益持有人 應佔虧損，主要歸因於以下因素：(i)香港幕牆系統安裝收入大幅下滑；(ii)工程延 誤導致員工留任成本增加；(iii)本集團作為分包商施工品質未達標，產生高昂瑕 疵修復費用；以及(iv)多家分包商中途退出未完工項目，致使本公司需接手完成相 關工程而產生更高人力成本。 本公告所載資 ...

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。 Polyfair Holdings Limited 寶發控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8532） 董事會召開日期 寶發控股有限公司（「本公司」及其附屬公司「本集團」）董事（「董事」）會（「董事會」） 茲通告謹定於2025年8月22日（星期五）舉行董事會會議，其中包括(i)考慮及通過本 集團截至2025年3月31日止年度的全年業績及其刊發；(ii)考慮建議派發末期股息（如 有）；以及(iii)處理其他事項。 股份繼續停牌 應本公司要求，本公司股份已於2025年7月2日上午9時正起於聯交所暫停買賣，並 將繼續停牌，以待刊發本公司2025年全年業績。本公司將根據GEM上市規則在適 當情況下發佈進一步公告。 承董事會 寶發控股有限公司 主席 周武林先生 香港，2025年8月12日 於本公告日期，執行董事為周武林先生、余立安先生及黃偉文先生；及獨立非執 行董事為龍卓華博士、文潤兒先生 ...

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。 Polyfair Holdings Limited 寶發控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8532） 有關延遲刊發2025年全年業績的補充公告 及2025年年度報告； 及 茲提述本公司日期為2025年6月30日和2025年7月2日發佈的公告，涉及(i)延遲刊登 2025年全年業績公告，(ii)押後舉行董事會會議，以及(iii)股份停牌（統稱為（「該等 公告」）。除非另有界定，否則本公告所用的專有詞彙具有該等公告所界定的相同 涵義。 有關延遲發佈2025年年度的全年業績的進一步資訊 根據2025年6月30日的公告，2025年年度業績公告延遲的主要原因是負責本集團整 體財務運營和報告的財務人員離職。由於缺乏合適的替代人選，本公司無法完成 截至2025年3月31日年度綜合財務報表，也無法完成截至該日期的應收賬款和應付 賬款的明細。因此，預期信貸損失（ECL）估值報告無法在2025年6月 ...

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 | | | 致：香港交易及結算所有限公司 公司名稱: 寶發控股有限公司 呈交日期: 2025年8月5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) | 08532 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | | | 本月底結存 | | | 5,000,000,000 | HKD | | 0.01 | HKD | | 50,000,000 | 本月底法定/註冊股本總額： HKD 50,000,000 ...

Summary of Key Points Core Viewpoint - As of April 24, a total of 38 stocks reached their 52-week highs, with notable performances from companies such as Ka Ming Investment, Yingde Holdings, and Guangdong-Hong Kong Bay Holdings, which had high rates of increase in their stock prices [1]. 52-Week Highs - Ka Ming Investment (00768) achieved a closing price of 0.065 with a peak of 0.100, marking a 63.93% increase [1]. - Yingde Holdings (08535) closed at 0.084, reaching a high of 0.084, reflecting a 21.74% increase [1]. - Guangdong-Hong Kong Bay Holdings (01396) had a closing price of 2.760, also reaching 2.760, with an 18.45% increase [1]. - Other notable stocks include Kambo Medical-B (02216) with a 15.48% increase and Jian Shi Technology-B (09877) with a 14.76% increase [1]. 52-Week Lows - Jinsheng Group (00794) recorded a closing price of 0.155, with a low of 0.140, resulting in a decrease of 16.17% [2]. - Baofa Holdings (08532) closed at 0.019, reaching a low of 0.018, reflecting a 14.29% decrease [2]. - China Health Group (00673) had a closing price of 0.145, with a low of 0.145, indicating a 13.17% decrease [2]. - Other companies experiencing declines include Shenglong Jinxiu International (08481) with a 12.00% decrease and New New Technology (09600) with an 11.11% decrease [2].

Group 1 - The stock price of Baofa Holdings (08532.HK) closed at HKD 0.022 on April 18, remaining flat compared to the previous trading day, with an intraday low of HKD 0.021, marking a new low for the past year [1] - The net capital flow for the day showed an inflow of HKD 13.517 million and an outflow of HKD 11.913 million, resulting in a net inflow of HKD 1.60 million [1] Group 2 - Baofa Holdings Limited, established in 2006, is a one-stop contractor for external wall and curtain wall engineering solutions, providing design and project management services [2] - The company has completed over 20 external wall and curtain wall projects, covering both commercial and residential buildings, including large residential projects in the Kai Tak area [2] - The company's competitive advantages include a strong track record in the industry, stable relationships with key suppliers and clients, the ability to provide one-stop solutions, and a management team with rich experience and proprietary technical knowledge [2] - Future prospects are positive due to favorable government policies that are expected to increase the number of residential, commercial, and public infrastructure projects, as well as the evolution of the external wall and curtain wall industry into an independent branch of the construction sector [2] - The company aims to enhance its competitiveness by strengthening its financial position and expanding its operational team to improve project acquisition capabilities [2]

Financial Performance - Revenue for the six months ended September 30, 2024, was HK$185,663,000, a decrease of 0.43% compared to HK$186,471,000 for the same period in 2023[12] - Gross profit for the reporting period was HK$10,365,000, down from HK$11,066,000, reflecting a gross margin of approximately 5.58%[12] - Profit for the period increased to HK$2,070,000, compared to HK$765,000 in the previous year, representing a growth of 171.76%[12] - Total comprehensive income for the period was HK$2,036,000, significantly higher than HK$780,000 in the same period last year[12] - Basic earnings per share for the period was HK$0.26, up from HK$0.10 in the previous year, indicating a 160% increase[12] - For the six months ended September 30, 2024, the profit before taxation increased to HK$2,303,000, compared to HK$1,087,000 for the same period in 2023, representing a growth of approximately 112%[24] - The Group's profit for the period increased to HK$1,661,000 for the six months ended 30 September 2024, compared to HK$765,000 in the same period of 2023, reflecting a growth of approximately 117.0%[63] - Profit for the period increased from approximately HK$0.8 million for the six months ended 30 September 2023 to approximately HK$2.1 million for the six months ended 30 September 2024, mainly due to an increase in other income of approximately HK$1.0 million and a decrease in administrative expenses and finance costs of approximately HK$0.5 million each[115] Revenue Breakdown - For the six months ended September 30, 2024, revenue from construction services for residential properties was HK$184,871,000, an increase of 25.9% compared to HK$146,796,000 for the same period in 2023[41] - Revenue from construction services for commercial properties was HK$792,000, significantly up from HK$39,675,000 in the previous year, indicating a substantial growth[41] - Total revenue from contracts with customers was HK$185,663,000, slightly down from HK$186,471,000 in the prior year, reflecting a decrease of 0.4%[41] Assets and Liabilities - Non-current assets decreased to HK$13,002,000 from HK$13,788,000 as of March 31, 2024[14] - Trade receivables significantly decreased to HK$32,128,000 from HK$84,630,000, indicating a reduction of 62%[14] - Contract assets increased to HK$235,181,000 from HK$198,382,000, reflecting a growth of 18.52%[14] - Current liabilities decreased slightly to HK$144,408,000 from HK$148,508,000, showing a reduction of 2.35%[14] - Net current assets improved to HK$62,827,000 from HK$60,605,000, indicating a positive trend in liquidity[14] - Total equity as of September 30, 2024, reached HK$75,297,000, an increase from HK$73,261,000 as of September 30, 2023, reflecting a growth of approximately 2.8%[21] Cash Flow and Financing - The net cash generated from operating activities for the six months ended September 30, 2024, was HK$23,857,000, up from HK$16,730,000 in the previous year, indicating a year-on-year increase of about 42%[24] - Cash and cash equivalents at the end of the period were HK$5,420,000, down from HK$12,724,000 at the end of September 2023, representing a decrease of approximately 57%[24] - The company incurred finance costs of HK$5,042,000 for the six months ended September 30, 2024, compared to HK$5,522,000 in the same period of 2023, indicating a reduction of about 9%[24] - The company’s total borrowings as of September 30, 2024, included new bank borrowings raised amounting to HK$153,009,000, while repayments of borrowings totaled HK$173,371,000[24] - The total carrying amount of bank and other borrowings as of September 30, 2024, was HK$129,583, down from HK$149,492, a decrease of 13.3%[93] Employee and Operational Costs - Total staff costs decreased to HK$23,386,000 in the six months ended September 30, 2024 from HK$27,572,000 in 2023, a reduction of about 15.3%[56] - The Group had 102 employees as of 30 September 2024, with total staff costs of approximately HK$23.4 million, down from approximately HK$27.6 million for the same period in 2023[137] - The Group's total salaries and other benefits decreased to HK$19,034,000 for the six months ended September 30, 2024 from HK$23,214,000 in 2023, a decrease of about 18.0%[56] Corporate Governance and Compliance - The Company has complied with all applicable code provisions of the Corporate Governance Code as of September 30, 2024[166] - The Directors confirmed compliance with the Required Standard for securities transactions for the six months ended September 30, 2024[166] - The Audit Committee reviewed the unaudited condensed consolidated financial statements for the six months ended 30 September 2024, ensuring compliance with applicable accounting standards and GEM Listing Rules[168] Market Outlook and Strategy - The demand for façade and curtain wall works is expected to be driven by the completion of 22,267 new residential units in 2024 and 25,531 units in 2025[105] - The Group remains optimistic about its core business despite the economic slowdown, aiming to expand its customer base and achieve sustainable growth[108] - Future strategies may include further optimization of the capital structure to enhance financial stability[93]