致：香港交易及結算所有限公司 公司名稱: 中國宏光控股有限公司 呈交日期: 2025年12月3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) | 08646 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | 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 截至月份: 2025年11月30日 狀態: 新提交 本月底法定/註冊 ...

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10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: 中國宏光控股有限公司 呈交日期: 2025年11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) | 08646 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | 本月底法定/註冊 ...

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9月30日 狀態: 新提交 公司名稱: 中國宏光控股有限公司 呈交日期: 2025年10月8日 I. 法定/註冊股本變動 致：香港交易及結算所有限公司 | 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) | 08646 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | 本月底法定/註冊股 ...

Stock Option Plan - China Hongguang Holdings Limited adopted a stock option plan on June 30, 2023[3] - The company aims to provide additional information to shareholders and potential investors regarding the stock option plan[3] Announcement Details - The announcement serves as a supplement to the 2024 annual report and related supplementary announcement dated September 8, 2025[3] - The announcement will be available on the Hong Kong Stock Exchange website for at least seven days from the date of publication[4] Information Accuracy - The board confirms that the information provided is accurate and complete, with no misleading or fraudulent elements[4]

[Supplementary Announcement Regarding the 2024 Annual Report](index=1&type=section&id=Supplementary%20Announcement%20Regarding%20the%202024%20Annual%20Report) [Introduction to the Supplementary Announcement](index=1&type=section&id=Introduction%20to%20the%20Supplementary%20Announcement) This announcement provides supplementary details for China Hongguang Holdings Limited's 2024 annual report, specifically on the share option scheme adopted on June 30, 2023, per GEM Listing Rules Chapter 23 - This announcement supplements China Hongguang Holdings Limited's 2024 annual report, providing additional details on the share option scheme adopted on June 30, 2023[2](index=2&type=chunk)[3](index=3&type=chunk) - The supplementary information is provided in accordance with Chapter 23 of the GEM Listing Rules[3](index=3&type=chunk) [1. Maximum Number of Shares Available for Grant](index=1&type=section&id=1.%20Maximum%20Number%20of%20Shares%20Available%20for%20Grant) The share option scheme's authorized limit is 10% of shares issued on the adoption date, with 39,900,000 shares currently available, representing approximately 8.69% of issued shares, and no options granted, exercised, cancelled, or lapsed since adoption Share Option Scheme Authorization Limit and Current Status | Indicator | Value | | :--- | :--- | | Scheme Authorization Limit | 10% of issued shares on adoption date | | Total Shares Available for Grant | 39,900,000 shares | | Percentage of Issued Shares | Approximately 8.69% | | Share Option Activity | No grants, exercises, cancellations, or lapses | [2. Maximum Entitlement for Each Eligible Participant](index=1&type=section&id=2.%20Maximum%20Entitlement%20for%20Each%20Eligible%20Participant) A single eligible participant's total share options and awarded shares within 12 months must not exceed 1% of issued shares; exceeding this requires shareholder approval, with the participant and close associates abstaining from voting - The total number of share options and awarded shares granted to a single eligible participant within any 12-month period must not exceed **1% of the issued shares**[5](index=5&type=chunk) - Exceeding this limit requires separate approval by shareholders in a general meeting, with the relevant eligible participant and their close associates (or associates) abstaining from voting[5](index=5&type=chunk)[6](index=6&type=chunk) [3. Exercise of Share Options](index=2&type=section&id=3.%20Exercise%20of%20Share%20Options) Share options can be exercised at any time within ten years from their offer date, with the Board having discretion to set additional exercise conditions - Share options may be exercised in whole or in part at any time during the option period, provided that such period does not exceed the day immediately preceding the tenth anniversary of the offer date of the relevant share option[7](index=7&type=chunk) - The Board may, at its discretion, stipulate any conditions for the exercise of share options in the offer letter[7](index=7&type=chunk) [4. Vesting Period](index=2&type=section&id=4.%20Vesting%20Period) Grantees typically must hold options for a minimum period before exercise, but the Board may determine shorter or accelerated vesting periods under specific circumstances - Grantees must hold the share options for a period no less than the minimum vesting period before exercising them[8](index=8&type=chunk) - The Board may, at its discretion, determine a vesting period shorter than the minimum period under specific circumstances (e.g., granting "compensatory" options to new hires, termination of employment due to death or uncontrollable events, phased grants for administrative and compliance reasons, blended or accelerated vesting schedules, or performance-linked vesting conditions)[8](index=8&type=chunk) [5. Amount Payable Upon Application or Acceptance of Share Options, and Payment/Loan Repayment Period](index=2&type=section&id=5.%20Amount%20Payable%20Upon%20Application%20or%20Acceptance%20of%20Share%20Options,%20and%20Payment/Loan%20Repayment%20Period) Eligible participants must submit a signed acceptance letter and pay HK$1.00 as consideration for the grant of share options within 30 days from the offer date - The offer acceptance period is **thirty (30) days** from the offer date[8](index=8&type=chunk) - Acceptance of share options requires submitting a duly signed duplicate letter of acceptance of the offer, together with a payment of **HK$1.00** payable to the Company[8](index=8&type=chunk) [6. Subscription Price of Shares](index=2&type=section&id=6.%20Subscription%20Price%20of%20Shares) The share option subscription price is determined at the Board's discretion but must not be less than the highest of the closing price on the offer date, the average closing price over the five preceding trading days, and the shares' nominal value - The share subscription price is determined at the Board's sole discretion[9](index=9&type=chunk) - The subscription price must not be less than the highest of: (1) the closing price of the shares as stated in the daily quotation sheet of the Stock Exchange on the offer date; (2) the average closing price of the shares as stated in the daily quotation sheets of the Stock Exchange for the five (5) consecutive trading days immediately preceding the offer date; and (3) the nominal value of the shares on the offer date[9](index=9&type=chunk) [7. Duration of the Share Option Scheme](index=2&type=section&id=7.%20Duration%20of%20the%20Share%20Option%20Scheme) The share option scheme is valid until June 29, 2033, the day preceding the tenth anniversary of its adoption date; no new options will be granted thereafter, but existing options remain exercisable - The share option scheme is valid and effective until the day immediately preceding the tenth anniversary of June 30, 2023 (the adoption date), which is **June 29, 2033**[10](index=10&type=chunk)[11](index=11&type=chunk) - No further share options will be granted after this period, but the provisions of the share option scheme will remain in full force and effect to ensure the exercise of any share options granted on or before the termination date[11](index=11&type=chunk) [Other Important Information](index=3&type=section&id=Other%20Important%20Information) This announcement confirms all other annual report information remains unchanged and effective, providing the announcement date, Board member list, and publication channels - Except as disclosed in this announcement, all other information contained in the annual report remains unchanged and continues to be effective[12](index=12&type=chunk) - The date of this announcement is **September 8, 2025**, and lists the executive and independent non-executive directors[13](index=13&type=chunk)[14](index=14&type=chunk) - This announcement will be published on the Stock Exchange's website www.hkexnews.hk and the Company's website www.hongguang.hk[14](index=14&type=chunk)

致：香港交易及結算所有限公司 公司名稱: 中國宏光控股有限公司 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 呈交日期: 2025年9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) | 08646 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 | HKD | | 10,000,000 | 本月底法定/註冊股本 ...

Core Viewpoint - China Hongguang (08646) reported a decrease in revenue for the first half of 2025, while net profit saw a significant increase, indicating a potential shift in operational efficiency or cost management strategies [1] Financial Performance - Revenue for the first half of 2025 was 72.23 million, representing a year-on-year decrease of 12.81% [1] - Net profit for the same period was 29.03 million, showing a substantial year-on-year increase of 209.31% [1] - Basic earnings per share were reported at 6.23 cents [1]

Core Insights - The company reported a revenue of 72.23 million, representing a year-on-year decrease of 12.81% [1] - The net profit for the period was 29.029 million, showing a significant year-on-year increase of 209.31% [1] - Basic earnings per share were recorded at 6.23 cents [1] Financial Performance - Revenue: 72.23 million, down 12.81% year-on-year [1] - Net Profit: 29.029 million, up 209.31% year-on-year [1] - Basic Earnings per Share: 6.23 cents [1]

Financial Performance - Revenue for the six months ended June 30, 2025, was RMB 72,230,000, a decrease of 12.8% compared to RMB 82,846,000 for the same period in 2024[9] - Gross profit increased to RMB 22,814,000, representing a gross margin of 31.6%, compared to RMB 20,160,000 in 2024[9] - Operating profit surged to RMB 33,293,000, up 150.7% from RMB 13,284,000 in the previous year[9] - Profit before tax reached RMB 31,407,000, a significant increase of 184.5% compared to RMB 11,081,000 in 2024[9] - Net profit for the period was RMB 29,029,000, compared to RMB 9,385,000 in the same period last year, marking a growth of 209.5%[10] - Basic and diluted earnings per share increased to RMB 6.32, up from RMB 2.04 in 2024[9] - The company reported a total comprehensive income of RMB 28,308,000 for the period, compared to RMB 8,905,000 in 2024[10] - The company reported a profit of RMB 29,029,000 for the six months ended June 30, 2025, compared to RMB 9,385,000 for the same period in 2024, indicating a significant increase of approximately 209.5%[17] Revenue Breakdown - Revenue from energy-saving safety glass products was RMB 67,721,000 for the six months ended June 30, 2025, down from RMB 81,690,000 in the same period of 2024, reflecting a decrease of approximately 17.1%[31] - Revenue from smart glass products surged to RMB 4,509,000 in the first half of 2025, compared to RMB 1,156,000 in the same period of 2024, marking an increase of approximately 289.5%[31] - Revenue from energy-saving safety glass products was RMB 67,721 thousand, accounting for 94% of total revenue, down from RMB 81,690 thousand and 99% in the previous year[73] - Revenue from smart glass products increased to RMB 4,509 thousand, up from RMB 1,156 thousand in the previous year, representing 6% of total revenue[73] Assets and Liabilities - Total assets as of June 30, 2025, amounted to RMB 470,257,000, an increase from RMB 403,376,000 at the end of 2024[13] - Current liabilities increased to RMB 155,868,000, up from RMB 122,641,000 at the end of 2024[13] - The company’s total liabilities decreased, with confirmed impairment provisions for trade and other receivables dropping from RMB 39,328,000 in 2024 to RMB 23,750,000 in 2025[52] - Trade receivables totaled RMB 158,113,000 as of June 30, 2025, down from RMB 214,929,000 at the end of 2024, indicating a decrease of approximately 26.4%[52] - Trade payables decreased to RMB 1,831 thousand as of June 30, 2025, from RMB 6,457 thousand as of December 31, 2024[11] - Other payables and accrued expenses decreased to RMB 25,882 thousand from RMB 32,172 thousand over the same period[11] Cash Flow - The net cash generated from operating activities for the six months ended June 30, 2025, was RMB 45,303,000, a substantial increase from RMB 851,000 in the same period of 2024[19] - The company had a net cash and cash equivalents balance of RMB 1,408,000 at the end of June 30, 2025, down from RMB 2,852,000 at the end of June 30, 2024, representing a decrease of approximately 50.7%[19] - The financing activities generated a net cash inflow of RMB 44,183,000 for the six months ended June 30, 2025, compared to RMB 833,000 in the same period of 2024, indicating a significant increase[19] - The company did not report any cash inflows from investment activities for the six months ended June 30, 2025, compared to RMB 1,000 in the same period of 2024[19] Costs and Expenses - The company's finance costs decreased to RMB 1,886,000 in the first half of 2025 from RMB 2,203,000 in 2024, reflecting a reduction of about 14%[38] - Research and development costs for the six months ended June 30, 2025, were RMB 4,654,000, down from RMB 6,012,000 in 2024, showing a decline of approximately 22.5%[40] - The company's inventory cost decreased to RMB 49,416,000 in the first half of 2025 from RMB 62,686,000 in 2024, representing a reduction of about 21%[40] - General and administrative expenses fell from RMB 7,462 thousand for the six months ended June 30, 2024, to RMB 6,067 thousand for the six months ended June 30, 2025[81] - The company’s employee costs for the six months ended June 30, 2025, were RMB 2,458,000, down from RMB 2,692,000 in 2024, reflecting a decrease of approximately 8.7%[39] Shareholder Information - Major shareholder Bright Global Limited holds 249,750,000 shares, representing 54.41% of the total shares[114] - The company completed a share subscription agreement with Bright Global on September 4, 2024, issuing 150,000,000 shares at a price of HKD 0.286 per share, increasing the total issued share capital by approximately 24.63%[119][120] - An additional 100,000,000 shares were issued to independent subscribers at the same price, increasing the total issued share capital by approximately 14.10%[120] - The average number of issued ordinary shares remained constant at 458,990,000 for both periods[46] Corporate Governance - The board believes that good corporate governance practices are essential for the company's sustainable development[126] - The company has complied with all applicable corporate governance codes during the reporting period[126] - The audit committee reviewed the unaudited consolidated financial statements for the six months ending June 30, 2025, confirming compliance with applicable accounting standards and GEM listing rules[128] - There have been no significant changes in director information that require disclosure under Listing Rule 13.51(B) since the annual report date for the year ending December 31, 2023[127] Future Outlook - The production of coated glass in China is expected to grow from 130.8 million square meters in 2021 to 171.6 million square meters by 2026, representing a CAGR of approximately 5.6%[108] - The demand for smart glass products in China is projected to increase significantly, with the production of dimmable glass expected to rise from 513,800 square meters in 2021 to 1,496,500 square meters by 2026, reflecting a CAGR of 23.8%[108]

Company Information [Board of Directors and Committees](index=5&type=section&id=執行董事及獨立非執行董事) This section outlines the composition of the company's board, including executive and independent non-executive directors, and changes in audit, remuneration, and nomination committee members - Executive Directors: Mr. Wei Jiakun (CEO), Ms. Lin Weishan (Chairperson), Ms. Li Wanna[11](index=11&type=chunk) - Independent Non-Executive Directors: Ms. Mao Shue (appointed on March 25, 2025), Mr. Jia Xiaogang, Mr. Wu Yong[11](index=11&type=chunk) - Audit Committee Chairman: Ms. Mao Shue (appointed on March 25, 2025), Ms. Chen Xiuyan resigned[11](index=11&type=chunk) [Company Contact and Registration Information](index=5&type=section&id=公司聯絡及註冊信息) This section provides detailed contact and registration information for the company, including its registered office, principal place of business, joint company secretaries, authorized representatives, compliance officer, auditor, share registrar, and principal bankers - Registered Office: Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, KY1-1111, Cayman Islands[11](index=11&type=chunk) - Principal Place of Business in Hong Kong: Units 1202, 1204–06, 12th Floor, Chinese Bank Building, 61 Des Voeux Road Central, Hong Kong[12](index=12&type=chunk) - Auditor: Zhongzheng Tianheng Certified Public Accountants Limited[11](index=11&type=chunk) - Stock Code: 8646[13](index=13&type=chunk) Interim Unaudited Results [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=7&type=section&id=簡明綜合損益及其他全面收益表) This statement reports the unaudited condensed consolidated profit or loss and other comprehensive income for the six months ended June 30, 2025, showing significant profit growth but increased other comprehensive loss during the period Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Summary | Indicator | Six Months Ended June 30, 2025 (RMB '000) | Six Months Ended June 30, 2024 (RMB '000) | Change (RMB '000) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Revenue | 72,230 | 82,846 | (10,616) | -12.81% | | Cost of Sales | (49,416) | (62,686) | 13,270 | -21.17% | | Gross Profit | 22,814 | 20,160 | 2,654 | 13.16% | | Other Net Income | 16,583 | 737 | 15,846 | 2149.93% | | Operating Profit | 33,293 | 13,284 | 20,009 | 150.62% | | Profit Before Tax | 31,407 | 11,081 | 20,326 | 183.43% | | Income Tax Expense | (2,378) | (1,696) | (682) | 40.21% | | Profit for the Period | 29,029 | 9,385 | 19,644 | 209.31% | | Basic and Diluted Earnings Per Share (RMB cents) | 6.32 | 2.04 | 4.28 | 209.80% | | Total Comprehensive Income for the Period | 28,308 | 8,905 | 19,403 | 217.89% | [Condensed Consolidated Statement of Financial Position](index=9&type=section&id=簡明綜合財務狀況表) As of June 30, 2025, the company's net assets and total equity increased, with a significant improvement in net current assets, reflecting a robust financial position Condensed Consolidated Statement of Financial Position Summary | Indicator | June 30, 2025 (RMB '000) | December 31, 2024 (RMB '000) | Change (RMB '000) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Non-current Assets | 62,093 | 65,315 | (3,222) | -4.93% | | Current Assets | 470,257 | 403,376 | 66,881 | 16.58% | | Current Liabilities | 155,868 | 122,641 | 33,227 | 27.09% | | Net Current Assets | 314,389 | 280,735 | 33,654 | 11.99% | | Total Assets Less Current Liabilities | 376,482 | 346,050 | 30,432 | 8.79% | | Non-current Liabilities | 6,383 | 4,259 | 2,124 | 49.87% | | Net Assets | 370,049 | 341,791 | 28,258 | 8.27% | | Total Equity | 370,099 | 341,791 | 28,308 | 8.28% | [Condensed Consolidated Statement of Changes in Equity](index=11&type=section&id=簡明綜合權益變動表) For the six months ended June 30, 2025, the company's total equity increased from RMB 341,791 thousand at the beginning of the period to RMB 370,099 thousand at the end, primarily due to profit for the period of RMB 29,029 thousand, despite other comprehensive losses - Profit for the period: **RMB 29,029 thousand** (2024: RMB 9,385 thousand)[22](index=22&type=chunk) - Other comprehensive loss: **RMB (721) thousand** (2024: RMB (480) thousand)[22](index=22&type=chunk) - Total comprehensive income for the period: **RMB 28,308 thousand** (2024: RMB 8,905 thousand)[22](index=22&type=chunk) - Total equity as of June 30, 2025: **RMB 370,099 thousand** (December 31, 2024: RMB 341,791 thousand)[22](index=22&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=12&type=section&id=簡明綜合現金流量表) For the six months ended June 30, 2025, net cash from operating activities significantly increased, but the net increase in cash and cash equivalents turned into a net decrease, resulting in a lower cash balance at period-end Condensed Consolidated Statement of Cash Flows Summary | Indicator | Six Months Ended June 30, 2025 (RMB '000) | Six Months Ended June 30, 2024 (RMB '000) | Change (RMB '000) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Net Cash (Used In) / From Operating Activities | 45,303 | 851 | 44,452 | 5223.50% | | Net Cash From Investing Activities | – | 1 | (1) | -100.00% | | Net Cash From Financing Activities | 44,183 | 833 | 43,350 | 5204.08% | | Net Increase (Decrease) in Cash and Cash Equivalents | (1,120) | 1,685 | (2,805) | -166.47% | | Cash and Cash Equivalents at End of Period | 1,408 | 2,852 | (1,444) | -50.63% | [Notes to the Condensed Consolidated Interim Financial Information](index=13&type=section&id=未經審核簡明綜合業績附註) This section provides supplementary information for the interim results, including detailed accounting policies, revenue breakdown, expense composition, taxation, earnings per share, balance sheet item changes, and share capital information [General Information and Accounting Policies](index=13&type=section&id=一般資料及會計政策) This section describes the company's registration details and primary business (manufacturing and selling architectural glass products), confirming that the interim report is prepared in accordance with IFRS and the Hong Kong Companies Ordinance on a historical cost basis - The company was incorporated in the Cayman Islands on May 25, 2017, and its shares have been listed on the GEM of the Hong Kong Stock Exchange since January 13, 2020[26](index=26&type=chunk) - Principal business: Manufacturing and selling architectural glass products in China[26](index=26&type=chunk) - Financial statements prepared in accordance with International Financial Reporting Standards and the disclosure requirements of the Hong Kong Companies Ordinance, and in compliance with the GEM Listing Rules[27](index=27&type=chunk) [Revenue and Segment Reporting](index=15&type=section&id=收益及分部報告) This section discloses that the company's revenue primarily derives from selling glass products in China, broken down by product line, showing energy-saving and safety glass products as the main revenue source, but with significant growth in smart glass products revenue; the company operates in a single operating segment Revenue from Contracts with Customers by Major Product Line | Product Line | Six Months Ended June 30, 2025 (RMB '000) | Six Months Ended June 30, 2024 (RMB '000) | Change (RMB '000) | Change Rate | | :--- | :--- | :--- | :--- | :--- | | Sales of energy-saving and safety glass products | 67,721 | 81,690 | (13,969) | -17.10% | | Sales of smart glass products | 4,509 |