勝利證券（控股）有限公司 Victory Securities (Holdings) Company Limited （ Incorporated in the Cayman Islands with limited liability ） （於開曼群島註冊成立的有限公司） The following document(s) of Victory Securities (Holdings) Company Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.victorysec.com.hk and The Stock Exchange of Hong Kong Limited at www.hkexnews.hk (collectively "Websites"):- • 2025 Annual Report (If you have previously requested to receive Corpora ...

（ Incorporated in the Cayman Islands with limited liability ） （於開曼群島註冊成立的有限公司） （Stock Code 股份代號：8540） Victory Securities (Holdings) Company Limited 勝利證券（控股）有限公司 NOTIFICATION LETTER 通 知 信 函 Dear Non-registered Shareholder (Note 1) , 31 March 2026 The following document(s) of Victory Securities (Holdings) Company Limited ("Company") has/have been prepared in English and Chinese and is/are available on the websites of the Company at www.victorysec.com.hk and The Stock Exchange of Hong Kong Limited at www.hkexn ...

Financial Performance - The company's revenue from corporate financing and financial advisory services increased by 144.2% compared to 2024[13]. - The virtual asset brokerage business experienced a significant growth, becoming the main growth engine with a revenue increase of 588.6% compared to 2024[13]. - The company's revenue for the year ended December 31, 2025, was approximately HKD 209.44 million, an increase of about 179.4% compared to HKD 74.96 million for the year ended December 31, 2024[18]. - The net profit for the year ended December 31, 2025, was approximately HKD 59.11 million, a turnaround from a loss of approximately HKD 2.32 million for the year ended December 31, 2024, primarily due to increased revenue from major operating segments[19]. - Revenue from virtual asset trading and related services represented 47.0% and 19.1% of total revenue for the years ending December 31, 2025, and 2024, respectively[34]. - The total revenue for the group increased by 179.4% to approximately HKD 209.44 million for the year ending December 31, 2025, compared to HKD 74.96 million for the previous year[47]. Operational Highlights - The traditional brokerage and margin financing business showed stable growth, with an expanding customer base and improved service quality and trading efficiency[13]. - The company is focused on deepening its market presence in Hong Kong while connecting with mainland and global markets[12]. - The overall business and financial performance exceeded expectations amid a volatile global financial market[7]. - The average daily trading volume on the Hong Kong Stock Exchange was HKD 2,498.0 billion for the year ending December 31, 2025, a 90% increase from HKD 1,318.0 billion for the year ending December 31, 2024[38]. - The company has become the first licensed entity in Hong Kong to hold a license for virtual asset trading, consultation, and asset management services[33]. Cost and Expenses - Commission expenses increased by 500.3% to HKD 56.65 million for the year ended December 31, 2025, compared to HKD 9.44 million for the previous year[18]. - Employee costs rose by 42.0% to HKD 55.82 million for the year ended December 31, 2025, compared to HKD 39.30 million for the previous year[18]. - Other operating expenses increased by 204.4% to HKD 68.06 million for the year ended December 31, 2025, compared to HKD 22.36 million for the previous year[18]. Strategic Initiatives - The company aims to enhance digital services, risk management, and customer experience through increased technology investment[14]. - The company plans to embrace change with an open mindset and enhance competitiveness through solid execution[12]. - The company aims to develop a niche market in the lending sector to better meet investors' financing needs and provide tailored liquidity solutions for corporate and retail clients[29]. - The company is committed to becoming a comprehensive financial service provider, diversifying its revenue sources to mitigate risks associated with market volatility[39]. - The company is focused on business development and strategic planning, with key personnel responsible for overseeing these areas[87]. Governance and Compliance - The company is committed to maintaining compliance and risk management principles to ensure sustainable business growth[14]. - The company emphasizes strong corporate governance, with independent directors providing oversight and independent opinions to the board[104]. - The board consists of seven members, including three executive directors, one non-executive director, and three independent non-executive directors[108]. - The company has fully complied with the corporate governance code as per GEM Listing Rules for the year ending December 31, 2025[106]. - The company has established mechanisms to ensure that the board receives independent opinions and input, with all committees chaired by independent non-executive directors[113]. Risk Management - The risk management system is designed to manage financial and non-financial risks, including liquidity, credit, market, operational, regulatory, and legal risks[169]. - The board is responsible for establishing an effective risk management environment, including identifying, assessing, and managing risks[170]. - The company has a comprehensive governance framework to systematically identify, assess, manage, and monitor risks that could adversely affect its strategic and business objectives[168]. - The company is actively monitoring global and local regulatory changes to mitigate strategic risks and ensure business performance[172]. - Cybersecurity measures are being strengthened through the adoption of globally recognized standards and regular crisis response drills[173]. Human Resources - The group employed 96 full-time employees as of December 31, 2025, an increase from 65 employees as of December 31, 2024[81]. - The company emphasizes equal opportunities in its hiring practices, ensuring no discrimination based on race, gender, age, or other factors[158]. - The gender distribution in senior management is 60% male and 40% female, while the overall team (excluding senior management) has a distribution of 63% male and 37% female[162][163]. Technology and Innovation - The group launched the VictoryX app, the first licensed financial institution app in Hong Kong to offer both securities and virtual asset trading[45]. - The group has established its own R&D team to enhance its service offerings in the virtual asset space, aligning with its strategic goals[42]. - The company has implemented multiple key strategies to address the complexities associated with cryptocurrency reporting, including hiring qualified candidates and improving transaction tracking tools[178].

EF001 免責聲明 | 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，概不對因 公告全部或任何部份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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 勝利證券(控股)有限公司 | | 股份代號 | 08540 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年12月31日止之末期股息 | | 公告日期 | 2026年3月19日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 末期 | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年12月31日 | | 宣派股息 | 每 股 0.03 HKD | | 股東批准日期 | 2026年6月4日 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.03 HKD | | 匯率 | 1 HKD : 1 HK ...

Financial Performance - For the year ending December 31, 2025, the revenue was approximately HKD 209.44 million, an increase of about 179.4% compared to HKD 74.96 million for the year ending December 31, 2024[7] - The profit for the year ending December 31, 2025, was approximately HKD 59.11 million, a turnaround from a loss of approximately HKD 2.32 million for the year ending December 31, 2024[7] - The increase in revenue was primarily driven by growth in securities/derivatives services, placement and underwriting services, virtual asset services, handling fee services, and financial advisory services[7] - The total revenue for the year ending December 31, 2025, is HKD 229,362,953, compared to HKD 77,652,468 for 2024, representing a significant increase of 194%[9] - Customer contract revenue reached HKD 177,661,048 in 2025, up from HKD 46,197,062 in 2024, indicating a growth of 284%[9] - The company reported a net profit of HKD 59,108,774 for 2025, a substantial recovery from a loss of HKD 2,321,409 in 2024[10] - The company’s financial performance reflects a recovery and growth trajectory across its major operating segments[7] - The basic earnings per share for the year was HKD 30.85, compared to a loss per share of HKD 1.64 in the previous year[6] - The diluted earnings per share for the year ending December 31, 2025, is projected to be HKD 0.3069, based on a profit attributable to shareholders of HKD 60,363,502 and a weighted average number of ordinary shares of 196,684,368[48] Expenses and Costs - Employee costs increased to HKD 55.82 million, reflecting a rise of 42.0% compared to the previous year[6] - Other operating expenses rose to HKD 68.06 million, representing a significant increase of 204.4% from HKD 45.71 million[6] - The total commission expenses for the year were HKD 56.65 million, a dramatic increase of 500.3% from HKD 9.44 million[6] - The company incurred employee costs totaling HKD 33,425,219 in 2025, compared to HKD 22,984,554 in 2024, an increase of approximately 46%[34] - The pre-tax profit for 2025 was impacted by various expenses, including depreciation of property, plant, and equipment amounting to HKD 2,530,573, down from HKD 3,032,946 in 2024[41] - Financing costs totaled HKD 6,066,759 in 2025, slightly decreased from HKD 6,087,035 in 2024, with bank and other borrowings interest at HKD 5,013,516[42] - The total tax expense for 2025 was HKD 3,282,925, compared to a tax credit of HKD 163,405 in 2024, reflecting a significant change in taxable profits[45] Dividends - The company proposed a final dividend of HKD 3.00 per share for the year ending December 31, 2025, up from HKD 1.80 per share for the year ending December 31, 2024[8] - The company declared an interim dividend of HKD 3,179,100 for 2025, compared to HKD 208,022 in 2024, indicating a strong increase in shareholder returns[45] - The proposed final dividend is HKD 0.03 per share for the year ended December 31, 2025, totaling approximately HKD 6,376,440, compared to HKD 0.018 per share for the year ended December 31, 2024[130] Assets and Liabilities - Total assets as of December 31, 2025, amount to HKD 430,287,287, a decrease from HKD 457,926,031 in 2024[11] - The total liabilities decreased to HKD 262,766,428 in 2025 from HKD 341,619,086 in 2024, showing a reduction of 23%[11] - The company's equity increased to HKD 238,676,108 in 2025 from HKD 177,471,226 in 2024, representing a growth of 34%[12] - Total accounts receivable decreased to HKD 304,671,846 in 2025 from HKD 410,786,577 in 2024, reflecting a reduction of approximately 25.8%[52] - Margin client receivables amounted to HKD 146,075,909 in 2025, down from HKD 195,798,257 in 2024, indicating a decline of about 25.4%[52] - Cash client receivables decreased to HKD 33,223,061 in 2025 from HKD 59,400,366 in 2024, representing a drop of approximately 44.1%[52] Revenue Sources - The virtual asset trading and related income surged to HKD 98,520,681 in 2025, up from HKD 14,306,688 in 2024, marking an increase of approximately 588%[38] - The brokerage service revenue for 2025 was HKD 39,248,945, compared to HKD 13,365,373 in 2024, reflecting a growth of around 194%[38] - The financing service segment generated revenue of HKD 17,028,640 in 2025, slightly down from HKD 17,404,427 in 2024, a decrease of about 2%[37] - Revenue from brokerage and futures services accounted for approximately 18.8% and 18.5% of total revenue for the years ending December 31, 2025, and 2024, respectively[73] - Revenue from placement and underwriting services represented about 3.2% and 5.6% of total revenue for the years ending December 31, 2025, and 2024, respectively[75] - Financing services contributed approximately 8.1% and 23.2% to total revenue for the years ending December 31, 2025, and 2024, respectively[78] - Asset management services accounted for about 4.5% and 9.2% of total revenue for the years ending December 31, 2025, and 2024, respectively[80] - Financial advisory services generated approximately 0.8% and 0.9% of total revenue for the years ending December 31, 2025, and 2024, respectively[81] Virtual Asset Services - The group has established a proprietary research and development team for virtual asset trading and management services, becoming the first licensed entity in Hong Kong for such services in 2023[83] - The group aims to enhance its marketing capabilities and optimize loan service procedures to solidify its customer base[78] - The group is expanding its asset management services by establishing private funds in various jurisdictions, including China and Singapore[80] - The group provides comprehensive financial services, with placement and underwriting services being a major source of stable income[75] - The group is the first and only full-service broker for virtual assets, offering trading, consulting, and asset management services[85] - The company has launched "VictoryX," the first app in Hong Kong that allows simultaneous trading of securities and virtual assets, enhancing customer access to diverse investment products[96] - The company is the first licensed financial institution in Hong Kong approved to offer virtual asset trading and related services to retail customers[96] - The strong growth in revenue from virtual asset trading services is attributed to Hong Kong's positioning as a global leader in the virtual asset industry, leading to optimistic future revenue expectations[103] Regulatory Compliance and Governance - The company has fully complied with the corporate governance code as of December 31, 2025, ensuring high standards of corporate governance[133] - The audit committee consists of one non-executive director and two independent non-executive directors, ensuring compliance with GEM listing rules[134] - All directors confirmed adherence to the trading standards during the year ending December 31, 2025[135] - The company did not buy, sell, or redeem any listed securities during the year ending December 31, 2025[136] - No directors or controlling shareholders had interests in any competing businesses as of December 31, 2025[137] Future Outlook - The economic outlook for Hong Kong in 2026 is optimistic, with GDP growth projected between 2.0% and 3.0%[90] - The company anticipates that the proportion of revenue from the virtual asset division will continue to increase as investor awareness and regulatory frameworks improve[95] - The company plans to explore opportunities in financial advisory services, participating in various new projects as an independent financial advisor[88] - The asset management division is expected to play a significant role in the group's future development, with resources allocated for expansion[88]

董事會召開日期 勝利證券（控股）有限公司(「本公司」)之董事(「董事」)會(「董事會」)謹此宣佈，本公 司將於2026年3月19日(星期四)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2025年12月31日止年度之全年業績及其發佈，以及考慮建議派付末期股息（如有）。 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，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Victory Securities (Holdings) Company Limited 勝利證券（控股）有限公司 (於開曼群島註冊成立的 有限公司 ) (股份代號：8540) 香港，2026 年 3 月 9 日 於本公告日期，董事會成員包括三名執行董事高鵑女士（主席）、趙子良先生及陳沛泉先生；一名 非執行董事陳英傑先生；以及三名獨立非執行董事英永鎬先生、廖俊寧先生及甄嘉勝醫生。 本公告的資料乃遵照香港聯合交易所有限公司 GEM 證券上市規則而刊載，旨在提供有關本公司 的資料，各董事願就本公告的資料共同及個別地承擔全部責任 ...

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: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 勝利證券(控股)有限公司 呈交日期: 2026年3月2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) | 08540 | 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/ ...

勝 利 證 券（控 股）有 限 公 司（「本公司」）董 事 會（「董事會」）謹 此 宣 佈，本 公 司 的 香 港 主要營業地點將變更為香港上環德輔道中308號20樓，自2026年2月25日 生 效。 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 對 因 本 公 告 全部或任何部份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。 Victory Securities (Holdings) Company Limited 勝利證券（控股）有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8540） 更改香港主要營業地點 承董事會命 勝 利 證 券（控 股）有 限 公 司 公司秘書 本公告將由其刊發日期起計最少一連七日登載於聯交所網站www.hkexnews.hk之 「最 新 上 市 公 司 公 告」網 頁。本 公 告 亦 將 登 載 於 本 公 司 網 站www.victorysec.com.hk。 江仁宇 香 港，2026年2月25日 於 本 公 告 日 期，董 事 會 ...

Group 1 - The company Victory Securities (08540) expects to achieve a consolidated net profit of no less than HKD 60 million by 2025, while forecasting a consolidated net loss of approximately HKD 2.32 million for 2024 [1] - The board believes that the financial performance of the group has significantly improved this year, primarily due to an increase in revenue [1] - The strong growth momentum in the virtual asset business segment has been a major contributor to the revenue increase, with earnings from virtual asset-related businesses rising approximately 5.9 times compared to the same period last year [1]

Group 1 - The company Victory Securities (08540) expects to achieve a consolidated net profit of no less than HKD 60 million by 2025, while forecasting a consolidated net loss of approximately HKD 2.32 million for 2024 [1] - The board believes that the financial performance of the group has significantly improved this year, primarily due to an increase in revenue, particularly driven by the strong growth momentum in the virtual asset business segment [1] - Revenue from virtual asset-related businesses has increased approximately 5.9 times compared to the same period last year [1]