Core Viewpoint - The proposed merger between Magellan Financial Group (MFG) and Barrenjoey Capital Partners is presented as a compelling opportunity for shareholders and a step towards transforming MFG into a diversified financial services firm [3]. Group 1: Merger Announcement - MFG has announced a proposed merger with Barrenjoey Capital Partners, which is seen as an exciting development for the company [3]. - The merger aims to enhance MFG's position in the financial services sector and leverage Barrenjoey's strengths [3]. Group 2: Background on Barrenjoey - MFG has been a founding investor and strategic partner of Barrenjoey since its inception in 2020, indicating a long-standing relationship [4]. - The partnership has allowed MFG to witness Barrenjoey's early successes and the quality of its franchise, culture, and personnel [4].

Financial Data and Key Metrics Changes - For the full year 2025, the company generated total revenue of $320 million, representing a year-over-year increase of approximately 7.8% [3] - In Q4 2025, total revenue was approximately $48.5 million, a year-over-year increase of 3% [7] - Full year non-GAAP net income reached a record high of $80.1 million, up approximately $4.7 million compared to 2024 [9] - Blended gross margin for the full year improved to 48.2%, up 0.8 percentage points from 2024 [8] - Non-GAAP operating margin for the full year reached 10.5%, an increase of 2.9 percentage points year-over-year [8] Business Line Data and Key Metrics Changes - The PaaS business generated revenue of over $230 million, representing a year-over-year increase of 6.5% [9] - The SaaS and other business generated full year revenue of $44.8 million, a year-over-year increase of 13.4%, with recurring services revenues growing by 37% year-over-year [10] - The smart solution business generated full year revenue of $45.7 million, marking an 8.9% year-over-year increase [11] Market Data and Key Metrics Changes - The number of registered AI+IoT developers exceeded 1.8 million, representing a 37% year-over-year increase [12] - The cumulative number of AI agents on the Tuya platform reached about 16,000, spanning a wide range of smart product categories [12] Company Strategy and Development Direction - The company aims to strengthen its AI-native platform capabilities to support millions of developers in creating next-generation AI devices and applications [5] - The strategic focus includes accelerating the deployment of AI application services across key scenarios and deepening investments in developer ecosystem growth [6] - The introduction of the AI-powered Smart Life Assistant, Hey Tuya, aims to enhance user experiences by integrating AI agents with hardware devices [4] Management's Comments on Operating Environment and Future Outlook - Management noted that the demand environment is improving, with customers showing increased confidence in the macroeconomic stability [21] - The company is preparing for potential supply chain challenges but does not anticipate significant impacts due to its strong position as a significant buyer in the semiconductor sector [23] - Management expressed optimism about the rebound in demand across international markets, despite geopolitical risks [44] Other Important Information - The company holds over $1 billion in cash and cash equivalents, providing flexibility for AI capability development and ecosystem expansion [11] - The company plans to launch AI development tools for developers to lower barriers for AI hardware development [15] Q&A Session Summary Question: Impact of recent tax rate changes on business outlook - Management views the tax rate changes as positive indicators, with improved customer confidence in the business environment [21][22] Question: Impact of chipset supply constraints on business - Management stated that the supply constraints will not impact the company significantly due to its strong buying position and inventory preparations [23] Question: Tuya's value proposition in the agentic AI world - Management emphasized the importance of enabling customers to create their own differentiations and innovations, while also providing turnkey solutions for those without capabilities [30][32] Question: Promising application scenarios for AI deployment - Management identified multi-modeling applications, including video and audio interactions, and data analytics for energy management as promising scenarios for AI deployment [36][39] Question: Demand recovery in international operations - Management noted that demand continues to increase as technology provides value for end users, and they expect a rebound in demand across international markets [44][47] Question: Plans for shareholder returns - Management confirmed that shareholder returns remain a priority, with plans for dividends reflecting net operating cash flow and profitability [48][49] Question: Growth expectations in the smart solutions segment - Management expressed confidence in the growth of smart solutions, particularly in categories that can leverage AI capabilities [55][60]

Financial Data and Key Metrics Changes - For the full year 2025, the company generated total revenue of $320 million, representing a year-over-year increase of approximately 7.8% [3] - In Q4 2025, total revenue was approximately $48.5 million, a year-over-year increase of 3% [7] - Full year non-GAAP net income reached a record high of $80.1 million, up approximately $4.7 million compared to 2024 [9] - Blended gross margin for the full year improved to 48.2%, up 0.8 percentage points from 2024 [8] - Non-GAAP operating margin for the full year reached 10.5%, an increase of 2.9 percentage points year-over-year [8] Business Line Data and Key Metrics Changes - The PaaS business generated revenue of over $230 million, representing a year-over-year increase of 6.5% [9] - The SaaS and other business generated full year revenue of $44.8 million, a year-over-year increase of 13.4%, with recurring services revenues growing by 37% year-over-year [10] - The smart solution business generated full year revenue of $45.7 million, marking an 8.9% year-over-year increase [11] Market Data and Key Metrics Changes - The number of PaaS premium customers reached 291, contributing to stable revenue for the PaaS business [9] - The number of registered AI+IoT developers exceeded 1.8 million, representing a 37% year-over-year increase [12] Company Strategy and Development Direction - The company aims to strengthen its AI-native platform capabilities and support millions of developers in creating next-generation AI devices and applications [5] - The strategy includes accelerating the deployment of AI application services across key scenarios and deepening investments in developer ecosystem growth [6] - The introduction of the AI-powered Smart Life Assistant, Hey Tuya, aims to enhance user experiences by integrating AI with hardware devices [4] Management's Comments on Operating Environment and Future Outlook - Management noted that the external environment remains complex, but the company has maintained stability and achieved steady revenue growth [3] - There is optimism regarding the recovery of demand in international markets, with expectations for improved customer confidence and business conditions [44] - The company is prepared for potential supply chain challenges, particularly in semiconductors, and has maintained good inventory levels [23] Other Important Information - The company holds over $1 billion in cash and cash equivalents, providing flexibility for AI capability development and ecosystem expansion [11] - AI capabilities are being integrated across various end-user products, establishing standardized pathways for AI applications [12] Q&A Session Summary Question: Impact of recent tax rate changes in the U.S. on business outlook - Management views the tax rate changes as positive indicators, with expectations for improved customer confidence and demand in the global manufacturing sector [21] Question: Impact of upstream memory and chipset supply constraints on business - Management stated that the supply constraints will not impact the company significantly due to its strong position as a major buyer and good inventory management [23] Question: Company's value proposition in the agentic AI world - Management emphasized the importance of enabling customers to create their own differentiations and capabilities, while also providing turnkey solutions for those without in-house capabilities [30][32] Question: Promising application scenarios for AI deployment - Management identified multi-modeling applications, including video and audio interactions, and data analytics for energy management as key areas for AI deployment [36][39] Question: Assessment of demand recovery in international operations - Management noted that demand continues to increase as technology provides value, and they expect a rebound in demand across overseas markets [45][47] Question: Plans for shareholder returns - Management confirmed that shareholder returns remain a priority, with plans for regular dividends reflecting net operating cash flow and profitability [48][49] Question: Confidence in sales growth for smart solution segment - Management expressed confidence in product categories that leverage AI capabilities, particularly in video, audio, and safety applications [55][56]

Financial Data and Key Metrics Changes - For the full year 2025, the company generated total revenue of $320 million, representing a year-over-year increase of approximately 7.8% [3] - In Q4 2025, total revenue was approximately $48.5 million, a year-over-year increase of 3% [8] - Full year non-GAAP net income reached a record high of $80.1 million, up approximately $4.7 million compared to 2024 [10] - Blended gross margin for the full year improved to 48.2%, up 0.8 percentage points from 2024 [9] - Non-GAAP operating margin for the full year reached 10.5%, an increase of 2.9 percentage points year-over-year [9] Business Line Data and Key Metrics Changes - The PaaS business generated revenue of over $230 million, representing a year-over-year increase of 6.5% [10] - The SaaS and other business generated full year revenue of $44.8 million, a year-over-year increase of 13.4%, with recurring services revenues growing by 37% year-over-year [11] - The smart solution business generated full year revenue of $45.7 million, marking an 8.9% year-over-year increase [12] Market Data and Key Metrics Changes - The number of registered AI+IoT developers exceeded 1.8 million, representing a 37% year-over-year increase [13] - The cumulative number of AI agents on the Tuya platform reached about 16,000, spanning a wide range of smart product categories [13] Company Strategy and Development Direction - The company aims to strengthen its AI-native platform capabilities to support millions of developers in creating next-generation AI devices and applications [5] - The strategy includes accelerating the deployment and scalable expansion of AI application services across key scenarios [5] - The company plans to deepen investments in developer ecosystem growth and enhance support for developers [6] Management's Comments on Operating Environment and Future Outlook - Management noted that the demand environment is becoming more stable, with improved customer confidence in global manufacturing and trading [22] - The company is preparing for potential semiconductor supply constraints but believes it will not significantly impact operations due to strong supplier relationships [24] - Management expressed optimism about the rebound in demand across international markets, despite geopolitical risks [46] Other Important Information - The company has over $1 billion in cash and cash equivalents, providing flexibility for AI capability development and ecosystem expansion [12] - The launch of the AI-powered Smart Life Assistant, Hey Tuya, aims to enhance user experiences by integrating AI with hardware devices [4] Q&A Session Summary Question: Impact of recent tax rate changes on business outlook - Management views the tax rate changes as positive indicators, with expectations of improved customer confidence and demand in the future [22] Question: Impact of upstream memory and chipset supply constraints - Management stated that the supply constraints will not impact the company significantly due to strong supplier relationships and good inventory levels [24] Question: Company's value proposition in the agentic AI world - Management emphasized the importance of enabling customers to build their own capabilities and highlighted the growth in recurring revenue from SaaS offerings [28][36] Question: Promising application scenarios for AI deployment - Management identified multi-modeling applications, including video and audio interactions, and data analytics for energy management as key areas for AI deployment [39] Question: Assessment of demand recovery in international operations - Management noted that demand continues to increase as technology provides value for end users, and they expect a rebound in demand across overseas markets [46] Question: Plans for shareholder returns - Management confirmed that shareholder returns remain a priority, with plans for dividends reflecting net operating cash flow and profitability [49]

EF001 | 代扣所得稅信息 | | | --- | --- | | 股息所涉及的代扣所得稅 | 不適用 | | 發行人所發行上市權證/可轉換債券的相關信息 | | | 發行人所發行上市權證/可轉換債券 | 不適用 | | 其他信息 | | | 其他信息 | 不適用 | | 發行人董事 | | | 於本公告日期，董事會由執行董事王學集先生、陳燎罕先生、楊懿先生及張燕女士；以及獨立非執行董事黃宣德先生、邱昌恒先 | | | 生、郭孟雄先生及葉栢東先生組成。 | | 第 2 頁 共 2 頁 v 1.1.1 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 | 塗鴉智能 | | 股份代號 | 02391 | | 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 | 宣派現金股息 | | 公告日期 | 202 ...

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初步業績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，概不就因本初步業績公告全部或任何部分 內容所產生或因依賴該等內容而引致的任何損失承擔任何責任。 Tuya Inc. 塗鴉智能* （於開曼群島註冊成立以不同投票權控制的有限責任公司） （香港聯交所股份代號：2391） （紐約證券交易所股票代碼：TUYA） 截至2025年12月31日止年度之 初步未經審計全年業績公告 及宣派現金股息 全球領先人工智能雲平台服務提供商Tuya Inc.（「Tuya」或「本公司」，聯交所代 號：2391；紐交所代號：TUYA），今日公佈本公司、其附屬公司及合併聯屬實體 （「本集團」）截至2025年12月31日止年度（「報告期」）的初步未經審計財務業績， 以及截至2024年12月31日止年度的比較數字，同時宣派現金股息。 截至2025年12月31日止年度的財務摘要 * 僅供識別 1 • 總收入為321.8百萬美元，同比上升約7.8%（截至2024年12月31日止年度： 298.6百萬美元）。 • 平台即服務（「PaaS」）收入為231.2百萬美元，同比上升約 ...

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，概不就因本公告全部或任何部分內容所產生或因依 賴該等內容而引致的任何損失承擔任何責任。 Tuya Inc. 塗鴉智能* （於開曼群島註冊成立以不同投票權控制的有限責任公司） （香港聯交所股份代號：2391） （紐約證券交易所股票代碼：TUYA） 內幕消息 截至2025年12月31日止三個月及財政年度的未經審計財務業績 及 宣派現金股息 本公告乃根據香港聯合交易所有限公司證券上市規則第13.09條及證券及期貨條 例（香港法例第571章）第XIVA部刊發。 Tuya Inc.（「Tuya」或「本公司」）欣然宣佈本公司及其附屬公司及合併聯屬實體 （「本集團」）截至2025年12月31日止三個月及整個年度的未經審計簡明合併業 績。 本公司欣然宣佈，(i)本集團截至2025年12月31日止三個月及整個年度的未經審計 簡明合併業績（「第四季度及全年業績」），乃根據美國證券交易委員會（「美國證交 會」）的適用規則刊發；及(ii)宣派現金股息（「現金股息」）。 本公告附表I為本公司於2026年3月2日（美 ...

Core Viewpoint - Tuya Inc. reported its unaudited financial results for the fourth quarter and fiscal year 2025, showcasing significant improvements in profitability and revenue growth, alongside the declaration of a cash dividend. Financial Highlights Fourth Quarter 2025 - Total revenue increased by 3.0% year-over-year to US$84.5 million from US$82.1 million in 4Q2024 [1] - Net profits reached US$19.3 million, up 97.4% from US$9.8 million in 4Q2024 [3] - Non-GAAP net profits were US$20.6 million, compared to US$22.1 million in 4Q2024 [3] - Operating margin improved to 9.5%, up 14.1 percentage points from negative 4.6% in 4Q2024 [3] - Overall gross margin was 47.6%, slightly down from 47.8% in 4Q2024 [3] Full Year 2025 - Total revenue for the year increased by 7.8% to US$321.8 million from US$298.6 million in 2024 [4] - Net profits for the year were US$57.9 million, a significant increase from US$5.0 million in 2024 [4] - Non-GAAP net profits rose to US$80.1 million, up 6.4% from US$75.3 million in 2024 [4] - Operating margin for the year was 3.6%, improved by 19.5 percentage points from negative 15.9% in 2024 [4] - Gross margin increased to 48.2%, up from 47.4% in 2024 [4] Revenue Breakdown - Smart solution revenue in 4Q2025 was US$12.0 million, up 6.0% year-over-year [1] - SaaS and others revenue increased by 8.2% to US$12.4 million in 4Q2025 [1] - PaaS revenue for 4Q2025 was US$60.1 million, up 1.4% year-over-year [1] - For the full year, smart solution revenue was US$45.7 million, an increase of 8.9% [4] - SaaS and others revenue for the year was US$44.9 million, up 13.4% [4] - PaaS revenue for the year increased by 6.5% to US$231.2 million [4] Operating Efficiency - Operating expenses decreased by 25.2% to US$32.2 million in 4Q2025 from US$43.0 million in 4Q2024 [3] - General and administrative expenses dropped by 69.7% to US$4.1 million in 4Q2025 [3] - Research and development expenses decreased by 8.3% to US$21.7 million in 4Q2025 [3] Cash Position and Dividend Declaration - Cash and cash equivalents, along with short-term investments, totaled US$1,017.3 million as of December 31, 2025, slightly up from US$1,016.7 million in 2024 [3] - The company declared a cash dividend of US$0.0605 per ordinary share, amounting to approximately US$37 million, payable on or around April 15, 2026 [5] Strategic Outlook - The company aims to enhance its AI capabilities and expand its developer ecosystem, focusing on long-term value creation [2] - The ongoing evolution of AI technologies is expected to drive diversified revenue streams and improve operating efficiency [5]

Tuya Inc. 審計委員會章程 於2021年2月21日首次獲採納並於2022年6月15日、於2022年8月29日及 於2026年3月2日修訂（該修訂即時生效） 目的 審計委員會（「委員會」）由Tuya Inc.（「本公司」）的董事會（「董事會」）設立，目的 是： 成員 根據董事會意見，至少一名成員（亦可擔任審計委員會財務專家）具備符合紐交所 《上市規則》的會計或相關財務管理專業知識。根據《香港聯合交易所有限公司證 券上市規則》（「香港聯交所《上市規則》」）第3.10(2)條規定，委員會至少一名成員 必須為具備適當專業資質或會計或相關財務管理專業知識的獨立非執行董事。委 員會的大多數成員須為獨立非執行董事。董事會應每年及於出現職位空缺或新設 職位時向委員會推薦供董事會任命的候選人。委員會成員由董事會委任，並可由 董事會隨時撤換。董事會應委任委員會主席（「主席」），根據香港聯交所《上市規 則》第3.21條，主席必須為獨立非執行董事。 本公司現任審計機構的前合夥人自以下日期（以較晚者為準）起計兩年內，不得擔 任委員會的成員：(a)不再為該公司合夥人；或(b)不再享有該公司任何財務利益。 職責 根據1934年《證 ...

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) FF305 表格類別： 股票 狀態： 新提交 公司名稱： 塗鴉智能 呈交日期： 2026年3月1日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 不同投票權架構公司普通股 | 股份類別 A | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) 02391 | | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | | 已發行股份（不包括庫存股份）數 目 | ...