据交易所数据显示，12月17日，一盈证券(GSIW)开盘上涨7.69%，截至22:30，报0.14美元/股，成交1.02 万美元，总市值3054.09万美元。 财务数据显示，截至2025年03月31日，一盈证券收入总额546.62万美元，同比增长288.1%；归母净利 润-431.76万美元，同比增长5.92%。 资料显示，Garden Stage Limited是一家在开曼群岛注册成立的境外控股母公司,主要通过其在香港的实 体子公司一盈证券有限公司及一盈资产管理有限公司运营。一盈证券有限公司的理念是提供高品质的经 纪服务,并与客户建立长期合作伙伴关系。公司主要为投资者提供在香港买卖证券服务,具体服务如下:1. 为客户在香港开设投资证券帐户,提供港股票买卖服务,2.为投资者提供新股上市(IPO)申请,3.为上市公司 配售新、旧股票,4.为上市公司提供包销服务。一盈资产管理有限公司的理念是提供高品质的资产管理服 务,并与客户建立长期合作伙伴关系,具体服务如下:1.基金管理业务,2. 全权委托投资组合管理服务,3.第三 方资产管理。 本文源自：市场资讯 作者：行情君 ...

Group 1 - The core viewpoint of the article highlights the significant increase in the stock price of GSIW, which rose by 5.0% to $0.137 per share, with a total market capitalization of $29.77 million as of December 17 [1] - Financial data indicates that as of March 31, 2025, GSIW reported total revenue of $5.4662 million, reflecting a year-on-year growth of 288.1%, while the net profit attributable to the parent company was -$4.3176 million, showing a year-on-year increase of 5.92% [1] - Garden Stage Limited, the parent company of GSIW, is registered in the Cayman Islands and operates primarily through its subsidiaries in Hong Kong, focusing on providing high-quality brokerage and asset management services [1] Group 2 - GSIW's brokerage services include opening investment securities accounts for clients, facilitating stock trading in Hong Kong, assisting with IPO applications, and providing underwriting services for listed companies [1] - The asset management services offered by GSIW include fund management, discretionary portfolio management, and third-party asset management [1]

1. Business Update ANNUAL RESULTS FY25 27 August 2025 INVESTOR PRESENTATION Presenting Today Chris Meehan Chief Executive Officer Jean McMahon Chief Financial Officer Northlake, Wānaka 2 Jimmy's Point, Launch Bay Hobsonville Point 3 1. Business Update 2. Financial Overview 3. ESG Highlights 4. Market and Outlook Ayrburn, Arrowtown BUSINESS UPDATE Key Highlights For the 12 months ending 30 June 2025 (FY25): $155.4m Revenue $59.5m Gross profit $10.3m Net profit after tax $20.3m Cash 266 Units delivered and se ...

Financial Data and Key Metrics Changes - Revenue for FY '25 decreased by 10.5% to $155.4 million compared to $173.6 million in FY '24 [3][19] - EBITDA for FY '25 was $21.3 million, a decrease of $6.6 million from FY '24 [3][19] - Net profit after tax was $10.3 million, a 34.4% decrease from $15.7 million in FY '24 [4][21] - Cash holdings as of June 30 were $20.3 million [4][23] Business Line Data and Key Metrics Changes - Settled units decreased to 266 in FY '25 from 345 in FY '24 [3][19] - Revenue from residential development was $130.3 million, with an EBITDA of $21.9 million [4] - Commercial revenue increased significantly to $24.7 million in FY '25 from $11 million in FY '24, attributed to Airborne's full year of trading [13][20] Market Data and Key Metrics Changes - The property market in New Zealand remains subdued, particularly in Auckland, with ongoing economic challenges [2][28] - Unemployment continues to rise, and net migration is at its lowest level in ten years [28] - The Queenstown Lakes District is outperforming the rest of the country in housing sales [28] Company Strategy and Development Direction - The company is focusing on its presale strategy and maintaining financial discipline amid market challenges [3][28] - Winton is prioritizing the Sunfield project and South Island operations, where the market remains buoyant [28][29] - The company is cautious about committing further capital until there is a clearer positive outlook in the market [29] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the subdued property market and economic struggles but sees some positive signs, such as a declining official cash rate and increased competition among suppliers [2][28] - The company plans to operate with discipline and has appropriately resourced its team to reflect the current project pipeline [28][29] - Management expresses confidence in the team's ability to excel through the tough property cycle [29] Other Important Information - The company has a land bank yield of approximately 5,750 units, including 877 retirement units [4] - Winton's Airborne Screen Hub and Sunfield project have been accepted into the Fast Track process under the Fast Track Approvals Act of 2024 [8][9] - A confidential commercial settlement was reached with Kianga Ora regarding anticompetitive conduct allegations [9] Q&A Session Summary Question: What kind of market evidence is needed for the next stage of Northbrook Wind Headquarters developments to commence? - Management is looking for clear evidence of contraction in build costs and is monitoring this closely [34] Question: Would the company consider residential sales at the high end of the market? - Management notes that many buyers in this demographic do not have the requirement to sell their current place, which is not a significant driver [36] Question: What is the energy need to see progress at Cracker Bay? - Management indicates that it is mainly a build cost story [37] Question: How has visitation and spend per visitor at Airborne tracked? - Visitation numbers are in line with expectations, and spend per visitor continues to improve [38][39] Question: Is there an update on Northbrook, Avon, Loop, and Christchurch? - Management confirms that consents are in place and plans to sell excess land before proceeding with the village development [43]

Financial Data and Key Metrics Changes - Revenue decreased by 10.5% to $155.4 million in FY '25 from $173.6 million in FY '24 [3][18] - EBITDA for FY '25 was $21.3 million, a decrease of $6.6 million compared to FY '24 [3][18] - Net profit after tax was $10.3 million, a 34.4% decrease from $15.7 million in FY '24 [4][20] - Cash holdings as of June 30 were $20.3 million, with a land bank yield of approximately 5,750 units [4][22] Business Line Data and Key Metrics Changes - Revenue from residential development was $130.3 million, with an EBITDA of $21.9 million, attributed to the settlement of 266 units [4][19] - Commercial revenue increased to $24.7 million in FY '25 from $11 million in FY '24, due to Airborne contributing twelve months of trading [12][19] Market Data and Key Metrics Changes - The property market in New Zealand, particularly in Auckland, remains subdued, with ongoing economic struggles and rising unemployment [2][28] - Net migration is at its lowest level in ten years, and ready-made concrete volumes are below the ten-year average [28] Company Strategy and Development Direction - The company continues to focus on its presale strategy and is cautious in committing further capital until market conditions improve [3][28] - Winton is prioritizing the Sunfield project and South Island operations, where the market remains buoyant [28][29] - The company aims to maximize the value of its master plan for shareholders over the years [13][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledges the challenging economic conditions but remains confident in the demand for their products [2][28] - The company is optimistic about the potential approval of the Sunfield project and plans to commence development immediately upon receiving it [7][28] - Management expresses gratitude for the dedication of the team and stakeholders during a tough property cycle [29] Other Important Information - The company has entered into several new borrowing facilities for various projects, including an $18.3 million debt facility for Cracker Bay [21][22] - No settlement defaults were experienced during the period, and the board has paused dividend payments to maintain financial discipline [22][23] Q&A Session Summary Question: What kind of market evidence is needed for the next stage of Northbrook Wind Headquarter developments? - Management is monitoring build costs closely and is confident in the demand for the product [33][34] Question: Will residential sales in the high-end market affect development? - Management notes that many buyers in this demographic do not have the requirement to sell their current place [35] Question: What is the energy need for Cracker Bay? - Management indicates that it is primarily a build cost story [37] Question: How has visitation and spend per visitor at Airborne tracked? - Visitation is in line with expectations and continues to improve, with spend per head also tracking upwards [38][39] Question: Is there an update on Northbrook, Avon, Loop, and Christchurch? - Management confirms that consents are in place and plans to sell excess land before proceeding with the village [43]

Core Insights - Windfall Geotek has appointed Mark Goodman to its Advisory Committee, bringing extensive experience in mining and resource investment [1][2] - The company has been utilizing Artificial Intelligence (AI) in mining exploration since 2005, developing proprietary systems for data analysis and target identification [1][3] - Windfall Geotek aims to validate AI-generated targets to enhance shareholder value and expand its applications in various fields, including landmine detection [3] Company Overview - Windfall Geotek is a leader in AI-driven mineral exploration, integrating advanced data analysis techniques to identify high-potential mineral targets [3] - The company employs a multidisciplinary team with expertise in geophysics, geology, AI, and mathematics [3] - Windfall Geotek has a history of over 20 years in developing its AI systems, which analyze both public and private datasets [1] Leadership Background - Mark Goodman previously served as President of Dundee Corporation from 2017 to 2019, a company focused on natural resources [1] - He has a strong familiarity with Windfall Geotek's AI System, having collaborated with the company for six years in a private venture [2] - Currently, Goodman also leads Copper Road Resources Inc. and serves as Executive Chairman of Sterling Metals Corp. [4]

Core Viewpoint - Windfall Geotek has undergone a management restructuring to enhance its leadership and strategic direction in the mining sector, leveraging its expertise in Artificial Intelligence for digital exploration [1][2]. Management Restructuring - The company appointed Michel Fontaine, Marcel Robillard, and Mario Drolet to its board of directors, with Fontaine taking on the role of Interim Chairman, President, and CEO [1][2]. - Daniel Belisle was nominated as the Chief Financial Officer effective March 1, 2025 [1][5]. - Resignations included David Beck from his roles as Chairman, President, and CEO, effective February 21, 2025, along with Dorian Nicol and Joseph Lafleur from their director positions [2]. New Board Members - **Michel Fontaine**: A private investor and entrepreneur with over 20 years in the financial and mining industries, he is the founder of Windfall and has previously served as its President and CEO [2]. - **Marcel Robillard**: An experienced geologist with over 25 years in the mining industry, currently the President and CEO of Puma Exploration Inc. [3]. - **Mario Drolet**: A finance professional with over 30 years of experience, he is the founder and president of MI3 Financial Communications Inc. and has worked with various mining companies [4]. AI and Exploration Strategy - Windfall Geotek has been utilizing AI since 2005 to develop proprietary systems for data analysis and mining exploration, combining public and private datasets [6][10]. - The company aims to validate its AI-generated targets and enhance exploration success rates while also focusing on landmine detection applications [10]. Performance and Success Rate - The AI system has shown a success rate of over 70% when clients actively pursued the targets identified by Windfall [8]. - The company has facilitated over 37 discoveries for clients, with notable successes including kimberlite discoveries in Brazil and the Noront discovery in the Ring of Fire [8][9].

As filed with the U.S. Securities and Exchange Commission on September 5, 2023 Registration No. 333-273053 UNDER THE SECURITIES ACT OF 1933 __________________________________________ Garden Stage Limited __________________________________________ AMENDMENT NO. 1 TO FORM F-1 REGISTRATION STATEMENT (Exact name of registrant as specified in its charter) __________________________________________ Cayman Islands 6199 Not Applicable (State or other jurisdiction of incorporation or organization) UNITED STATES SECU ...