Core Viewpoint - AMTD IDEA Group, AMTD Digital Inc., and The Generation Essentials Group are integrating cryptocurrencies into their liquid fund strategy, which totals approximately USD240 million as of June 30, 2025 [1][2]. Group 1: Cryptocurrency Strategy - The companies plan to prioritize Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) in their cryptocurrency portfolio [2]. - The Generation Essentials Group (TGE) will focus on exploring opportunities in the tokenized crypto assets segment, leveraging its media, entertainment, and hospitality platform [2]. Group 2: Company Overview - AMTD Group operates across various sectors, including media and entertainment, education and training, and premium assets and hospitality [3]. - AMTD IDEA Group serves as a diversified institution and digital solutions provider, connecting companies and investors with global markets [4]. - AMTD Digital Inc. offers a comprehensive digital solutions platform, including digital media, content, marketing services, and hospitality [5]. - The Generation Essentials Group focuses on global strategies in multimedia, entertainment, and hospitality, comprising a diversified portfolio of media and entertainment businesses [6].

Group 1 - The core viewpoint of the article highlights that AMTD Group's stock price increased by 6.47% to $1.075 per share, with a total market capitalization of $99.83 million as of August 21 [1] - Financial data indicates that AMTD Group's total revenue for the year ending December 31, 2024, is projected to be $80.457 million, representing a year-on-year decrease of 38.54% [1] - The net profit attributable to the parent company is expected to be $51.039 million, reflecting a significant year-on-year decline of 64.31% [1] Group 2 - AMTD Group, formerly known as AMTD International Inc., is a leading comprehensive financial institution headquartered in Hong Kong [1] - The company is one of the few financial institutions in the Greater China region with extensive industry knowledge and experience, primarily owned and managed by local Hong Kong entrepreneurs and professionals [1] - This local identity enables AMTD Group to play a crucial role in connecting local clients in Hong Kong and China with global capital markets, benefiting from higher execution efficiency and unparalleled access to substantial capital from Asian wealthy families [1]

Core Viewpoint - AMTD Group (尚乘IDEA集团) has experienced a significant decline in revenue and net profit, indicating potential challenges in its financial performance and market position [1] Financial Performance - As of December 31, 2024, AMTD Group reported total revenue of $80.457 million, a year-on-year decrease of 38.54% [1] - The company's net profit attributable to shareholders was $51.039 million, reflecting a year-on-year decline of 64.31% [1] Company Background - AMTD Group, formerly known as AMTD International Inc., is a leading comprehensive financial institution headquartered in Hong Kong [1] - The company is primarily owned and managed by local Hong Kong entrepreneurs and professionals, which enhances its ability to connect local clients with global capital markets [1] - AMTD Group believes it benefits from higher execution efficiency, superior local market and industry knowledge, and access to substantial capital from wealthy Asian families compared to other market participants in Hong Kong [1]

本文源自：金融界 作者：行情君 资料显示，尚乘IDEA集团(曾用名:尚乘国际公司)是一家总部位于香港的领先综合性金融机构。 他们是 少数在大中华地区拥有丰富金融行业知识和经验的金融机构之一,多数股权由香港本地企业家和专业人 士持有和管理。 这种真正的"香港人"身份使他们能够在将香港和中国的本地客户与全球资本市场联系 起来方面发挥重要作用。 与香港的其他全球和中国市场参与者相比,他们相信他们受益于更高的执行效 率、卓越的本地市场和行业知识,以及无与伦比的亚洲富豪家族庞大资本的渠道。 8月19日，尚乘IDEA集团(AMTD)开盘上涨4.33%，截至21:30，报1.085美元/股，成交3576.0美元，总市 值1.01亿美元。 财务数据显示，截至2024年12月31日，尚乘IDEA集团收入总额8045.7万美元，同比减少38.54%；归母 净利润5103.9万美元，同比减少64.31%。 ...

8月16日，尚乘IDEA集团(AMTD)盘中上涨22.55%，截至00:14，报1.155美元/股，成交8.44万美元，总 市值1.07亿美元。 财务数据显示，截至2024年12月31日，尚乘IDEA集团收入总额8045.7万美元，同比减少38.54%；归母 净利润5103.9万美元，同比减少64.31%。 资料显示，尚乘IDEA集团(曾用名:尚乘国际公司)是一家总部位于香港的领先综合性金融机构。 他们是 少数在大中华地区拥有丰富金融行业知识和经验的金融机构之一,多数股权由香港本地企业家和专业人 士持有和管理。 这种真正的"香港人"身份使他们能够在将香港和中国的本地客户与全球资本市场联系 起来方面发挥重要作用。 与香港的其他全球和中国市场参与者相比,他们相信他们受益于更高的执行效 率、卓越的本地市场和行业知识,以及无与伦比的亚洲富豪家族庞大资本的渠道。 本文源自：金融界 作者：行情君 ...

财务数据显示，截至2024年12月31日，尚乘IDEA集团收入总额8045.7万美元，同比减少38.54%；归母 净利润5103.9万美元，同比减少64.31%。 8月15日，尚乘IDEA集团(AMTD)盘中上涨5.04%，截至22:00，报0.99美元/股，成交8991.0美元，总市 值9191.43万美元。 资料显示，尚乘IDEA集团(曾用名:尚乘国际公司)是一家总部位于香港的领先综合性金融机构。 他们是 少数在大中华地区拥有丰富金融行业知识和经验的金融机构之一,多数股权由香港本地企业家和专业人 士持有和管理。 这种真正的"香港人"身份使他们能够在将香港和中国的本地客户与全球资本市场联系 起来方面发挥重要作用。 与香港的其他全球和中国市场参与者相比,他们相信他们受益于更高的执行效 率、卓越的本地市场和行业知识,以及无与伦比的亚洲富豪家族庞大资本的渠道。 本文源自：金融界 作者：行情君 ...

Core Viewpoint - AMTD Group's stock price increased by 5.02% to $0.99 per share, with a market capitalization of $91.89 million as of August 14 [1] Financial Performance - For the fiscal year ending December 31, 2024, AMTD Group reported total revenue of $80.457 million, a year-on-year decrease of 38.54% [1] - The net profit attributable to shareholders was $51.039 million, reflecting a year-on-year decline of 64.31% [1] Company Background - AMTD Group, formerly known as AMTD International Inc., is a leading comprehensive financial institution headquartered in Hong Kong [1] - The company is one of the few financial institutions in the Greater China region with extensive industry knowledge and experience, primarily owned and managed by local Hong Kong entrepreneurs and professionals [1] - This local identity enables AMTD Group to play a significant role in connecting local clients in Hong Kong and China with global capital markets [1] - The company believes it benefits from higher execution efficiency, superior local market and industry knowledge, and unparalleled access to the substantial capital of Asian wealthy families compared to other global and Chinese market participants [1]

财务数据显示，截至2024年12月31日，尚乘IDEA集团收入总额8045.7万美元，同比减少38.54%；归母 净利润5103.9万美元，同比减少64.31%。 作者：行情君 资料显示，尚乘IDEA集团(曾用名:尚乘国际公司)是一家总部位于香港的领先综合性金融机构。 他们是 少数在大中华地区拥有丰富金融行业知识和经验的金融机构之一,多数股权由香港本地企业家和专业人 士持有和管理。 这种真正的"香港人"身份使他们能够在将香港和中国的本地客户与全球资本市场联系 起来方面发挥重要作用。 与香港的其他全球和中国市场参与者相比,他们相信他们受益于更高的执行效 率、卓越的本地市场和行业知识,以及无与伦比的亚洲富豪家族庞大资本的渠道。 8月14日，尚乘IDEA集团(AMTD)盘中上涨2.56%，截至22:04，报0.967美元/股，成交3432.0美元，总市 值8974.18万美元。 本文源自：金融界 ...

Core Viewpoint - AMTD Group Inc. and its subsidiary The Generation Essentials Group have successfully taken legal actions against Luxury Village LLC for intellectual property infringement, reinforcing their commitment to protecting their brands and trademarks [1][5]. Legal Actions and Outcomes - On July 25, 2025, AMTD secured a court order against Luxury Village LLC, mandating the cessation of prohibited operations and the relinquishment of domain names that wrongfully incorporated "lofficiel" [2]. - AMTD successfully transferred the domain names <lofficiel.au> and <lofficielfashionbook.hk> back to itself following legal proceedings [2]. - A significant victory was achieved by blocking Luxury Village LLC's bad faith application for the "L'OFFICIEL FASHION BOOK" trademark in Australia, with the Registrar of Trade Marks ruling against the application [3][4]. Intellectual Property Protection - The legal rulings emphasize AMTD's rights to intellectual property and highlight the bad faith actions of Luxury Village LLC in misleadingly suggesting an affiliation with AMTD [5]. - AMTD has taken down several infringing domain names, including <lofficiel.co>, <lofficiel.co.com>, and others, to protect its international profile and growth [6]. Caution to Partners and Public - The company warns partners and the public to avoid dealings with unauthorized entities that falsely present themselves as part of AMTD's network, such as L'Officiel Austria and others [7]. Company Overview - AMTD Group operates across various sectors, including media and entertainment, education and training, and premium assets and hospitality [8]. - AMTD IDEA Group serves as a diversified institution and digital solutions provider, connecting companies and investors with global markets [9]. - AMTD Digital Inc. offers a comprehensive digital solutions platform, focusing on digital media, content, marketing services, and hospitality [11]. - The Generation Essentials Group focuses on global strategies in multimedia, entertainment, and cultural affairs, comprising a diversified media and entertainment portfolio [12].

OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) ...