致：香港交易及結算所有限公司 公司名稱: 寶燵控股有限公司 呈交日期: 2025年11月5日 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 | 狀態: 新提交 | | --- | | 截至月份: 2025年10月31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) | 08601 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000, ...

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 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 致：香港交易及結算所有限公司 公司名稱: 寶燵控股有限公司 呈交日期: 2025年10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) | 08601 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.01 | ...

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8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: 寶燵控股有限公司 呈交日期: 2025年9月4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) | 08601 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,500,000,000 | HKD | | 0.01 | HKD | | 15,000,00 ...

Stock code 股份代號: 8601 (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立的有限公司) Interim Report 中期報告 2025 寶燵控股有限公司 Boltek Holdings Limited CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing i ...

Group 1 - The company reported a revenue of 89.94 million HKD for the six months ending June 30, 2025, representing a year-on-year increase of 1.3% [1] - Net profit for the same period was 13.458 million HKD, showing a year-on-year growth of 11.6% [1] - Basic earnings per share were 1.68 HKD cents [1] Group 2 - The increase in revenue was primarily attributed to a rise in awarded projects during the period [1]

宝燵控股(08601)发布公告，将于2025年9月30日派发截至2025年6月30日止六个月的中期股息每股0.0125 港元。 ...

智通财经APP讯，宝燵控股(08601)发布公告，将于2025年9月30日派发截至2025年6月30日止六个月的中 期股息每股0.0125港元。 ...

期内收益同比增加，乃主要由于本期间获授项目增加所致。 宝燵控股(08601)发布截至2025年6月30日止六个月业绩，收益8994万港元，同比增长1.3%;净利润1345.8 万港元，同比增长11.6%;每股基本盈利1.68港仙。 ...

EF001 EF001 免責聲明 | 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。 | 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 | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 寶燵控股有限公司 | | 股份代號 | 08601 | | 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6月30日止六個月之中期股息及暫停辦理股份過戶登記手續 | | 公告日期 | 2025年8月8日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 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6月30日 | | 宣派股息 | 每 股 0.0125 HKD | | 股東批准日期 | 不適用 | | 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 0.0125 HKD | | ...

Interim Results Announcement This announcement presents the unaudited interim results of Potent Holdings Limited for the six months ended June 30, 2025, with its shares listed on GEM of the Hong Kong Stock Exchange[2](index=2&type=chunk)[3](index=3&type=chunk) [Unaudited Condensed Consolidated Financial Statements](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements of Potent Holdings Limited for the six months ended June 30, 2025, including the statement of profit or loss and other comprehensive income, statement of financial position, statement of changes in equity, and statement of cash flows, with comparative data for the same period in 2024 [Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) This statement details the company's revenue, costs, and profit for the six months ended June 30, 2025, including comparative figures for the prior year Summary of Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | Indicator | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 89,940 | 88,811 | 1.3% | | Cost of services | (58,592) | (58,968) | -0.6% | | Gross profit | 31,348 | 29,843 | 5.0% | | Other income | 534 | 1,355 | -60.6% | | Administrative expenses | (15,861) | (17,353) | -8.6% | | Finance costs | (138) | (223) | -38.1% | | Profit before income tax | 15,883 | 13,622 | 16.6% | | Income tax expense | (2,425) | (1,560) | 55.5% | | Profit and total comprehensive income for the period | 13,458 | 12,062 | 11.6% | | Basic and diluted earnings per share (HK cents) | 1.68 | 1.51 | 11.3% | [Unaudited Condensed Consolidated Statement of Financial Position](index=3&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) This statement provides a snapshot of the company's assets, liabilities, and equity as of June 30, 2025, compared to December 31, 2024 Summary of Condensed Consolidated Statement of Financial Position | Indicator | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Non-current assets | 7,417 | 10,377 | | Current assets | 158,008 | 167,638 | | Current liabilities | 20,798 | 27,348 | | Net current assets | 146,840 | 130,660 | | Total assets less current liabilities | 154,257 | 141,037 | | Non-current liabilities | 4,647 | 4,885 | | Total equity | 149,610 | 136,152 | [Unaudited Condensed Consolidated Statement of Changes in Equity](index=4&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) This statement outlines the changes in the company's equity components for the six months ended June 30, 2025, including share capital, reserves, and retained earnings Summary of Condensed Consolidated Statement of Changes in Equity | Item | Share Capital (HK$ Thousand) | Capital Reserve (HK$ Thousand) | Share Premium (HK$ Thousand) | Retained Earnings (HK$ Thousand) | Total (HK$ Thousand) | | :--- | :--- | :--- | :--- | :--- | :--- | | Balance at January 1, 2025 (audited) | 8,000 | 17,000 | 64,668 | 46,484 | 136,152 | | Profit and total comprehensive income for the period | – | – | – | 13,458 | 13,458 | | Balance at June 30, 2025 (unaudited) | 8,000 | 17,000 | 64,668 | 59,942 | 149,610 | | **Same period in 2024** | | | | | | | Balance at January 1, 2024 (audited) | 8,000 | 17,000 | 64,668 | 63,429 | 153,097 | | Profit and total comprehensive income for the period | – | – | – | 12,062 | 12,062 | | Balance at June 30, 2024 (unaudited) | 8,000 | 17,000 | 64,668 | 75,491 | 165,159 | [Unaudited Condensed Consolidated Statement of Cash Flows](index=5&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) This statement presents the cash flows from operating, investing, and financing activities for the six months ended June 30, 2025, and the impact on cash and cash equivalents Summary of Condensed Consolidated Statement of Cash Flows | Indicator | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Net cash from operating activities | 6,531 | 6,201 | 5.3% | | Net cash used in investing activities | (177) | (405) | -56.3% | | Net cash used in financing activities | (2,189) | (1,801) | 21.5% | | Increase in cash and cash equivalents | 4,165 | 3,995 | 4.3% | | Cash and cash equivalents at beginning of period | 36,542 | 67,547 | -45.9% | | Cash and cash equivalents at end of period | 40,707 | 71,542 | -43.1% | [Notes to the Unaudited Condensed Consolidated Financial Statements](index=6&type=section&id=Notes%20to%20the%20Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section provides detailed notes to the condensed consolidated financial statements, covering company information, accounting policies, and explanations for financial line items [1. Company Information](index=6&type=section&id=1.%20Company%20Information) This section provides essential details about the company's incorporation, listing, principal activities, and ultimate controlling shareholder - Potent Holdings Limited was incorporated in the Cayman Islands on April 18, 2018, and listed on GEM of the Hong Kong Stock Exchange on September 13, 2018[8](index=8&type=chunk) - The Group's principal activities are providing engineering design, landscape architecture, and consultancy services in Hong Kong[8](index=8&type=chunk) - The Company's ultimate controlling shareholder is Mr Cheung Kwan Tat[9](index=9&type=chunk) [2. Basis of Preparation and Reorganisation](index=6&type=section&id=2.%20Basis%20of%20Preparation%20and%20Reorganisation) This section outlines the accounting standards used for preparing the unaudited condensed consolidated financial statements and confirms consistency with prior annual reports - The unaudited condensed consolidated financial statements are prepared in accordance with Hong Kong Financial Reporting Standards and presented in Hong Kong dollars, with all amounts rounded to the nearest thousand[10](index=10&type=chunk) - The accounting policies adopted in this period are consistent with those used in the preparation of the annual report[11](index=11&type=chunk) [3. Revenue and Other Income](index=7&type=section&id=3.%20Revenue%20and%20Other%20Income) This section details the breakdown of the Group's revenue by service nature and other income sources, along with their respective changes [3.1 Revenue](index=7&type=section&id=3.1%20Revenue) This subsection provides a detailed classification of revenue by service type and the expected timing for recognizing remaining performance obligations Revenue by Service Nature | Service Type | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Civil engineering | 71,182 | 69,512 | 2.4% | | Traffic engineering | 11,558 | 12,390 | -6.8% | | Building engineering | 2,888 | 3,015 | -4.1% | | Landscape architecture | 2,720 | 2,887 | -5.8% | | Other ancillary services | 1,592 | 1,007 | 58.1% | | **Total Revenue** | **89,940** | **88,811** | **1.3%** | Expected Timing for Recognition of Remaining Performance Obligations | Expected Recognition Date | As of June 30, 2025 (HK$ Thousand) | | :--- | :--- | | Year ending June 30, 2026 | 180,726 | | Year ending June 30, 2027 | 81,778 | | After June 30, 2027 | 30,437 | | **Total** | **292,941** | [3.2 Other Income](index=8&type=section&id=3.2%20Other%20Income) This subsection details the components of other income, including bank interest and government subsidies, and explains the reasons for their changes Details of Other Income | Item | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Bank interest income | 263 | 681 | -61.4% | | Government subsidies | 258 | 674 | -61.7% | | Miscellaneous income | 13 | – | N/A | | **Total** | **534** | **1,355** | **-60.6%** | - Government subsidies primarily originate from the Vocational Training Council and Construction Industry Council in Hong Kong, supporting on-the-job training for trainee engineers and interns[16](index=16&type=chunk) [4. Segment Information](index=8&type=section&id=4.%20Segment%20Information) This section explains the Group's approach to segment reporting, noting its single operating segment and primary geographical focus [Segment Information](index=8&type=section&id=Segment%20Information) The Group operates as a single segment, providing engineering design, landscape architecture, and consultancy services - The Group considers its business of providing engineering design, landscape architecture, and consultancy services as a single operating segment, thus no segment analysis is presented[17](index=17&type=chunk) [Geographical Information](index=8&type=section&id=Geographical%20Information) Due to the concentration of revenue and non-current assets in Hong Kong, no geographical segment information is presented - As the Group's revenue and non-current assets are primarily concentrated in Hong Kong, no geographical segment information is presented[18](index=18&type=chunk) [5. Profit Before Income Tax](index=9&type=section&id=5.%20Profit%20Before%20Income%20Tax) This section details the components contributing to profit before income tax, including staff costs, depreciation, and other operating expenses Components of Profit Before Income Tax | Item | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Staff costs (including Directors' emoluments) | 57,643 | 55,969 | 3.0% | | Depreciation (owned assets) | 776 | 892 | -13.0% | | Depreciation (right-of-use assets) | 2,159 | 2,001 | 7.9% | | Sub-consultancy fees | 4,885 | 7,232 | -32.4% | | Auditor's remuneration | 415 | 400 | 3.8% | | Operating lease expenses in respect of leased properties | 974 | 1,157 | -15.8% | [6. Income Tax Expense](index=10&type=section&id=6.%20Income%20Tax%20Expense) This section provides a breakdown of income tax expense, including current and deferred tax, and explains the applicable tax rates Details of Income Tax Expense | Item | Six Months Ended June 30, 2025 (HK$ Thousand) | Six Months Ended June 30, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Current tax – Hong Kong Profits Tax | 2,329 | 1,724 | 35.1% | | Deferred income tax | 95 | (164) | N/A | | **Total Income Tax Expense** | **2,424** | **1,560** | **55.4%** | - Hong Kong Profits Tax provision is calculated at **16.5%**, with the first **HK$2 million** of assessable profits for eligible entities taxed at **8.25%**[20](index=20&type=chunk) [7. Earnings Per Share](index=10&type=section&id=7.%20Earnings%20Per%20Share) This section details the calculation of basic and diluted earnings per share, based on the profit attributable to equity holders and the number of ordinary shares Earnings Per Share Calculation | Indicator | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Change (%) | | :--- | :--- | :--- | :--- | | Profit for the period attributable to owners of the Company (HK$ Thousand) | 13,458 | 12,062 | 11.6% | | Number of ordinary shares (Thousand shares) | 800,000 | 800,000 | 0.0% | | **Basic Earnings Per Share (HK cents)** | **1.68** | **1.51** | **11.3%** | - Diluted earnings per share are the same as basic earnings per share due to the absence of potential dilutive ordinary shares[22](index=22&type=chunk) [8. Dividends](index=10&type=section&id=8.%20Dividends) This section announces the interim dividend declared by the Board and highlights the significant reduction compared to the prior year - The Board declared an interim dividend of **HK$0.0125 per ordinary share** for 2025, totaling **HK$10 million**, a significant decrease from **HK$45 million** in the same period of 2024[23](index=23&type=chunk) [9. Trade and Other Receivables](index=11&type=section&id=9.%20Trade%20and%20Other%20Receivables) This section provides a detailed breakdown and aging analysis of trade and other receivables, along with the Group's credit policy Details of Trade and Other Receivables | Item | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Trade receivables (net of allowance) | 78,775 | 69,081 | 14.0% | | Other receivables | 14,355 | 16,115 | -10.9% | | Prepayments | 2,616 | 1,472 | 77.7% | | Utility and other deposits | 344 | 349 | -1.4% | | **Total** | **96,090** | **87,017** | **10.4%** | - The Group typically grants credit terms of **0 to 60 days** to its customers[25](index=25&type=chunk) Aging Analysis of Trade Receivables | Aging | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | 0 to 30 days | 17,378 | 18,478 | | 31 to 60 days | 12,057 | 13,208 | | 61 to 90 days | 7,688 | 7,391 | | 91 to 365 days | 26,024 | 19,753 | | Over 365 days | 15,628 | 10,251 | | **Total** | **78,775** | **69,081** | - Other receivables primarily represent salaries and medical insurance for on-site staff fully reimbursed by Hong Kong SAR government agencies[27](index=27&type=chunk) [10. Trade and Other Payables](index=12&type=section&id=10.%20Trade%20and%20Other%20Payables) This section presents the breakdown and aging analysis of trade and other payables, along with the credit terms granted by suppliers Details of Trade and Other Payables | Item | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | Change (%) | | :--- | :--- | :--- | :--- | | Trade payables | 1,921 | 5,055 | -62.0% | | Accruals and other payables | 13,162 | 15,618 | -15.8% | | **Total** | **15,083** | **20,673** | **-27.1%** | - Suppliers generally grant the Group credit terms of **0 to 30 days**[28](index=28&type=chunk) Aging Analysis of Trade Payables | Aging | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | 0 to 30 days | 993 | 3,298 | | 31 to 60 days | 158 | 404 | | 61 to 90 days | 44 | 200 | | 91 to 365 days | – | 609 | | Over 365 days | 726 | 544 | | **Total** | **1,921** | **5,055** | [11. Share Capital](index=13&type=section&id=11.%20Share%20Capital) This section outlines the company's share capital structure, including authorized and issued share capital Share Capital Structure | Item | Number of Shares | Amount (HK$ Thousand) | | :--- | :--- | :--- | | Authorized share capital (ordinary shares of HK$0.01 par value each) | 1,500,000,000 | 15,000 | | Issued and fully paid share capital | 800,000 | 8,000 | [12. Reserves](index=13&type=section&id=12.%20Reserves) This section describes the nature and purpose of the company's capital reserves and share premium [Capital Reserve](index=13&type=section&id=Capital%20Reserve) Capital reserve represents the difference between the nominal value of shares acquired in subsidiaries and the nominal value of shares issued during reorganisation - Capital reserve represents the difference between the nominal value of share capital of subsidiaries acquired and the nominal value of the Company's shares issued during reorganisation[31](index=31&type=chunk) [Share Premium](index=13&type=section&id=Share%20Premium) Share premium includes the difference between the nominal value of the company's shares and the net proceeds from share issuance, usable for distributions or dividends under certain conditions - Share premium includes the difference between the nominal value of the Company's shares and the net proceeds from share issuance, which can be used for distributions or dividends to shareholders, subject to the Company's ability to pay its debts as they fall due[32](index=32&type=chunk) [Management Discussion and Analysis](index=14&type=section&id=Management%20Discussion%20and%20Analysis) This section discusses the Group's business development, financial performance, liquidity, employee policies, and risk management strategies for the six months ended June 30, 2025, maintaining a cautious optimistic outlook [Business Development and Prospects](index=14&type=section&id=Business%20Development%20and%20Prospects) This section outlines the Group's core business as a Hong Kong engineering consultant, highlights profit growth, and expresses a cautious optimistic outlook for future operational efficiency and market expansion - The Group is a Hong Kong engineering consultant focused on infrastructure development[33](index=33&type=chunk) - Net profit for the period was approximately **HK$13.5 million**, an increase from **HK$12.1 million** in the same period last year, primarily due to increased project tender invitations and cost-saving measures[33](index=33&type=chunk) - The Board remains cautiously optimistic about business prospects, committed to enhancing operational efficiency, profitability, and expanding its client base and market share[33](index=33&type=chunk)[34](index=34&type=chunk) [Financial Review](index=14&type=section&id=Financial%20Review) This section provides a detailed review of the Group's financial performance, including revenue, costs, profit, and tax expenses, for the reporting period [Revenue](index=14&type=section&id=Revenue) Revenue increased by HK$1.1 million or 1.3% to HK$89.9 million, primarily due to an increase in projects awarded during the period - Revenue increased by **HK$1.1 million** or **1.3%** to **HK$89.9 million**, primarily due to an increase in projects awarded during the period[35](index=35&type=chunk) [Direct Costs](index=14&type=section&id=Direct%20Costs) Direct costs remained stable at approximately HK$58.6 million compared to the same period last year - Direct costs were approximately **HK$58.6 million**, remaining stable compared to the same period last year[36](index=36&type=chunk) [Gross Profit](index=14&type=section&id=Gross%20Profit) Gross profit increased by HK$1.5 million or 5.0% to HK$31.3 million, driven by higher revenue and stable direct costs - Gross profit increased by **HK$1.5 million** or **5.0%** to **HK$31.3 million**, primarily due to increased revenue and stable direct costs[37](index=37&type=chunk) [Other Income and Other Gains](index=15&type=section&id=Other%20Income%20and%20Other%20Gains) Other income and other gains decreased by HK$0.8 million or 60.6% to HK$0.5 million, mainly due to lower bank interest income and reduced government subsidies - Other income and other gains decreased by **HK$0.8 million** or **60.6%** to **HK$0.5 million**, primarily due to lower bank interest income resulting from decreased interest rates and reduced government subsidies[38](index=38&type=chunk) [Administrative Expenses](index=15&type=section&id=Administrative%20Expenses) Administrative expenses decreased by HK$1.5 million or 8.6% to HK$15.9 million, mainly due to cost-saving measures implemented after the acquisition of Geo-Environmental Consultants Limited - Administrative expenses decreased by **HK$1.5 million** or **8.6%** to **HK$15.9 million**, primarily due to cost-saving measures implemented following the acquisition of Geo-Environmental Consultants Limited[39](index=39&type=chunk) [Income Tax Expense](index=15&type=section&id=Income%20Tax%20Expense) Income tax expense increased by HK$0.9 million or 55.5% to HK$2.4 million, primarily due to higher assessable profits during the period - Income tax expense increased by **HK$0.9 million** or **55.5%** to **HK$2.4 million**, primarily due to an increase in assessable profits for the period[40](index=40&type=chunk) [Dividends](index=15&type=section&id=Dividends) The Board resolved to declare an interim dividend of HK$0.0125 per ordinary share, payable on or around September 30, 2025 - The Board resolved to declare an interim dividend of **HK$0.0125 per ordinary share**, payable on or around September 30, 2025[41](index=41&type=chunk) [Closure of Register of Members](index=15&type=section&id=Closure%20of%20Register%20of%20Members) The register of members will be closed from August 25 to August 27, 2025, to determine eligibility for the interim dividend - To determine eligibility for the interim dividend, the register of members will be closed from **August 25 to August 27, 2025**[42](index=42&type=chunk) [Liquidity and Financial Resources](index=16&type=section&id=Liquidity%20and%20Financial%20Resources) This section discusses the Group's liquidity position, including cash and cash equivalents, net current assets, total equity, and treasury policies - The Group primarily funds its operations through cash generated from operating activities[43](index=43&type=chunk) [Cash and Cash Equivalents and Time Deposits](index=16&type=section&id=Cash%20and%20Cash%20Equivalents%20and%20Time%20Deposits) Cash and bank balances increased to approximately HK$40.7 million as of June 30, 2025, from HK$36.5 million at December 31, 2024 - As of June 30, 2025, cash and bank balances were approximately **HK$40.7 million**, an increase from **HK$36.5 million** as of December 31, 2024[44](index=44&type=chunk) [Net Current Assets](index=16&type=section&id=Net%20Current%20Assets) Net current assets increased to approximately HK$146.8 million as of June 30, 2025, from HK$130.7 million at December 31, 2024 - As of June 30, 2025, net current assets were approximately **HK$146.8 million**, an increase from **HK$130.7 million** as of December 31, 2024[45](index=45&type=chunk) [Total Equity](index=16&type=section&id=Total%20Equity) Total equity attributable to owners of the Company increased to approximately HK$149.6 million as of June 30, 2025, from HK$136.2 million at December 31, 2024 - As of June 30, 2025, total equity attributable to owners of the Company was approximately **HK$149.6 million**, an increase from **HK$136.2 million** as of December 31, 2024[46](index=46&type=chunk) [Capital Structure](index=16&type=section&id=Capital%20Structure) There were no changes in the Group's capital structure during the period or up to the announcement date - There were no changes in the Group's capital structure during the period and up to the date of this announcement[47](index=47&type=chunk) [Treasury Policy](index=16&type=section&id=Treasury%20Policy) The Group adopts a prudent treasury policy, maintaining a sound liquidity position and managing credit risk through continuous credit assessments - The Group adopts a prudent treasury policy, maintaining a sound liquidity position and managing credit risk through continuous credit assessments[48](index=48&type=chunk) [Contingent Liabilities](index=16&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no contingent liabilities - As of June 30, 2025, the Group had no contingent liabilities[49](index=49&type=chunk) [Employees and Remuneration Policy](index=16&type=section&id=Employees%20and%20Remuneration%20Policy) This section details the Group's employee count, commitment to attractive remuneration and a fair work environment, and the stock option scheme for talent retention - As of June 30, 2025, the Group had **481 employees**, an increase from **473** as of December 31, 2024[50](index=50&type=chunk) - The Group is committed to providing attractive remuneration packages and a fair and harmonious working environment, regularly reviewing its human resources policies to comply with laws and regulations[51](index=51&type=chunk) - The Company adopted a share option scheme in **2018** to incentivize, attract, and retain outstanding employees[51](index=51&type=chunk) [Material Investments, Acquisitions or Disposals of Subsidiaries, Associates and Joint Ventures](index=17&type=section&id=Material%20Investments%2C%20Acquisitions%20or%20Disposals%20of%20Subsidiaries%2C%20Associates%20and%20Joint%20Ventures) During the six months ended June 30, 2025, the Group did not undertake any material investments, acquisitions, or disposals - For the six months ended June 30, 2025, the Group did not make any material investments, acquisitions, or disposals[52](index=52&type=chunk) [Capital Risk Management and Financial Risk Management](index=17&type=section&id=Capital%20Risk%20Management%20and%20Financial%20Risk%20Management) This section details the Group's strategies for managing capital and financial risks, including capital structure optimization, gearing ratio, and foreign exchange exposure [Capital Management](index=17&type=section&id=Capital%20Management) The Group manages capital to ensure continuous operation and maximize shareholder returns by optimizing the balance between debt and equity - The Group manages capital to ensure continuous operation and maximize returns for shareholders by optimizing the balance between debt and equity[53](index=53&type=chunk) [Gearing Ratio](index=17&type=section&id=Gearing%20Ratio) As of June 30, 2025, the Group's gearing ratio was zero - As of June 30, 2025, the Group's gearing ratio was **zero**[54](index=54&type=chunk) [Foreign Exchange Risk](index=17&type=section&id=Foreign%20Exchange%20Risk) All the Group's assets, liabilities, and transactions are denominated in Hong Kong dollars, indicating no significant foreign exchange risk and thus no hedging instruments are used - All the Group's assets, liabilities, and transactions are denominated in Hong Kong dollars, and the Directors believe there is no significant foreign exchange risk, thus no hedging instruments are employed[55](index=55&type=chunk) [Other Information](index=18&type=section&id=Other%20Information) This section covers various disclosures including competition, securities trading, GEM Listing Rules compliance, directors' and major shareholders' interests, corporate governance, and audit committee operations [Competition and Conflicts of Interest](index=18&type=section&id=Competition%20and%20Conflicts%20of%20Interest) During the period, no directors, controlling shareholders, or their close associates engaged in competing businesses or had other conflicts of interest with the Group - During the period, none of the Directors, controlling shareholders, or their close associates engaged in any business that competes or may compete with the Group's business, nor did any other conflicts of interest arise[56](index=56&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=18&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) Neither the Company nor its subsidiaries purchased, sold, or redeemed any of the Company's listed securities during the period - During the period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[57](index=57&type=chunk) [Disclosure Obligations under GEM Listing Rules](index=18&type=section&id=Disclosure%20Obligations%20under%20GEM%20Listing%20Rules) The Company has no other disclosure obligations under Rules 17.22, 17.23, and 17.24 of the GEM Listing Rules - The Company has no other disclosure obligations under Rules 17.22, 17.23, and 17.24 of the GEM Listing Rules[58](index=58&type=chunk) [Disclosure of Interests and Other Information](index=18&type=section&id=Disclosure%20of%20Interests%20and%20Other%20Information) This section details the interests and short positions of directors, chief executives, and substantial shareholders in the Company's shares and underlying shares [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares or Debentures of the Company and its Associated Corporations](index=18&type=section&id=Directors%27%20and%20Chief%20Executive%27s%20Interests%20and%20Short%20Positions%20in%20Shares%2C%20Underlying%20Shares%20or%20Debentures%20of%20the%20Company%20and%20its%20Associated%20Corporations) This subsection details the long positions held by directors in the Company's ordinary shares, including interests through controlled corporations Directors' Long Positions in Ordinary Shares of the Company | Director's Name | Nature of Interest | Number of Shares Held | Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Cheung Kwan Tat | Interest in controlled corporation | 576,000,000 | 72.00% | | Ng Pak Hung | Beneficial owner | 24,000,000 | 3.00% | - Mr Cheung Kwan Tat's interest is held through his controlled corporation, Wai Wing Investment Holdings Limited[59](index=59&type=chunk) - Save as disclosed above, no other Directors or chief executives had any interests or short positions in the shares of the Company or its associated corporations[62](index=62&type=chunk) [Interests and Short Positions of Substantial Shareholders and Other Persons in the Shares and Underlying Shares of the Company](index=19&type=section&id=Interests%20and%20Short%20Positions%20of%20Substantial%20Shareholders%20and%20Other%20Persons%20in%20the%20Shares%20and%20Underlying%20Shares%20of%20the%20Company) This subsection details the long positions held by substantial shareholders and other persons in the Company's ordinary shares, including deemed interests Substantial Shareholders' Long Positions in Ordinary Shares of the Company | Substantial Shareholder's Name/Name | Nature of Interest | Number of Shares Held | Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Cheung Kwan Tat | Interest in controlled corporation | 576,000,000 | 72.00% | | Chiu Chui Ping | Spouse's interest | 576,000,000 | 72.00% | | Wai Wing Investment Holdings Limited | Beneficial owner | 576,000,000 | 72.00% | - Ms Chiu Chui Ping is deemed to be interested in the Company's shares through the interest of her spouse, Mr Cheung Kwan Tat[63](index=63&type=chunk) - Save as disclosed above, the Company is not aware of any other persons who had interests or short positions of **5% or more** in the Company's shares[64](index=64&type=chunk) [Corporate Governance Practices](index=20&type=section&id=Corporate%20Governance%20Practices) This section outlines the Company's commitment to high corporate governance standards, including a deviation from the Code Provision C.2.1 regarding the roles of Chairman and CEO - The Company is committed to maintaining high standards of corporate governance, based on the Corporate Governance Code set out in Appendix C1 Part 2 of the GEM Listing Rules[65](index=65&type=chunk) - The Company deviates from Code Provision C.2.1 of the Corporate Governance Code, with Mr Cheung Kwan Tat serving concurrently as Chairman and Chief Executive Officer, an arrangement the Board believes facilitates business strategy execution and provides strong leadership without compromising the balance of power[66](index=66&type=chunk) - The Board will regularly review the effectiveness of this arrangement and consider separating the roles of Chairman and Chief Executive Officer when appropriate[67](index=67&type=chunk) [Directors' Securities Transactions](index=21&type=section&id=Directors%27%20Securities%20Transactions) The Company adopted the Model Code for Securities Transactions by Directors of Listed Issuers, and all directors confirmed full compliance during the period - The Company has adopted Rules 5.48 to 5.67 of the GEM Listing Rules as the code of conduct for Directors' securities transactions, and all Directors have confirmed full compliance during the period[68](index=68&type=chunk) [Share Option Scheme](index=21&type=section&id=Share%20Option%20Scheme) The Company adopted a share option scheme in 2018, revised in 2022, but no options have been granted since its adoption - The Company adopted a share option scheme on **August 20, 2018**, and revised it on **December 30, 2022**, but no share options have been granted thereunder since its adoption[69](index=69&type=chunk) [Audit Committee](index=21&type=section&id=Audit%20Committee) The Audit Committee has been established to advise on external auditors, review financial statements, and assess financial, internal control, and risk management systems - The Audit Committee has been established, with responsibilities including advising on external auditors, reviewing financial statements, and assessing financial controls, internal controls, and risk management systems[70](index=70&type=chunk) - The unaudited interim results for the period have been reviewed by the Audit Committee members, who provided advice and opinions[70](index=70&type=chunk) [Significant Events After Reporting Period](index=22&type=section&id=Significant%20Events%20After%20Reporting%20Period) As of the announcement date, the Directors are not aware of any other significant events related to the Group's business or financial performance - As of the date of this announcement, the Directors are not aware of any other significant events related to the Group's business or financial performance[71](index=71&type=chunk) [Board Information and Website Publication](index=22&type=section&id=Board%20Information%20and%20Website%20Publication) This announcement will be published on the HKEX and Company websites for at least seven days, listing the executive and independent non-executive directors - This announcement will be published on the HKEX website and the Company's website for at least **seven days**[72](index=72&type=chunk) - As of the date of this announcement, the executive Directors are Mr Cheung Kwan Tat and Mr Ng Pak Hung, and the independent non-executive Directors are Ms Chik Wai Chun, Mr Pang Chun Sing, and Mr Chan Kai Kau[71](index=71&type=chunk)