Financial Performance - Revenue for the year ended February 28, 2025, was HKD 164,295,000, a decrease of 8.4% compared to HKD 179,307,000 in 2024[3] - Profit before tax decreased by 37.3% to HKD 64,715,000 from HKD 103,282,000 in the previous year[3] - Net profit attributable to shareholders was HKD 55,908,000, down 35.3% from HKD 86,447,000 in 2024[3] - The company reported an operating profit of HKD 68,632,000, down from HKD 109,412,000 in the previous year[5] - The group's profit decreased by approximately HKD 30,500,000 or 35.3% to HKD 55,900,000 in fiscal year 2025, mainly due to a revenue drop of about HKD 15,000,000 and an increase in impairment losses[62] Assets and Liabilities - Total assets as of February 28, 2025, were HKD 1,183,020,000, a slight decrease of 0.5% from HKD 1,188,706,000 in 2024[3] - Total equity increased by 2.6% to HKD 1,107,978,000 from HKD 1,079,682,000 in the previous year[7] - The total amount of receivables decreased by 8.3% to HKD 870,645,000 from HKD 949,978,000 in 2024[3] - The total lease liabilities as of February 28, 2025, amounted to HKD 23,164,000, an increase from HKD 13,985,000 in 2024[28] - The total bank loans and overdrafts as of February 28, 2025, is HKD 40,500,000, down from HKD 60,500,000 the previous year, representing a reduction of 33.3%[40] Income and Expenses - Total other income for the year ended February 28, 2025, was HKD 11,754,000, significantly higher than HKD 4,730,000 in 2024, marking an increase of approximately 148.5%[19] - The company's profit before tax for the year 2025 was HKD 64,715,000, a decrease of 37.3% compared to HKD 103,282,000 in 2024[22] - The income tax expense for 2025 was HKD 8,807,000, down from HKD 16,835,000 in 2024, reflecting a significant reduction in tax liability[22] - Operating expenses increased by approximately HKD 1,600,000 or 2.7% to HKD 61,100,000, with employee costs rising by 6.6% to HKD 33,800,000[55] Loans and Credit Losses - The expected credit loss recognized for the year was approximately HKD 46,300,000, significantly higher than HKD 15,100,000 in 2024[34] - The expected credit loss provision for amortized cost receivables is approximately HKD 60,300,000 for the reporting period, compared to HKD 15,100,000 in the previous year[36] - The impairment loss on receivables was approximately HKD 46,300,000, a significant increase from HKD 15,100,000 in fiscal year 2024, primarily due to the decline in collateral values[58] - The impairment loss on mortgage loans in fiscal year 2025 was approximately HKD 41,700,000, attributed to several defaulted loans amid a notable decline in property prices[58] Dividends and Shareholder Information - The company proposed a final dividend of HKD 0.81 per share, compared to HKD 0.76 in the previous year[3] - The board proposed a final dividend of HKD 0.0081 per share, which, along with an interim dividend of HKD 0.0064 per share, represents 49.94% of the profit attributable to shareholders for the fiscal year 2025[90] - Shareholders must submit completed transfer forms by 4:30 PM on August 5, 2025, to qualify for the final dividend[91] Governance and Compliance - The board of directors includes executive directors and independent non-executive directors, ensuring a diverse governance structure[93] - The audit committee found no significant deficiencies in internal controls or financial reporting for the fiscal year 2025[87] - The company has not made any significant acquisitions or disposals during the fiscal year 2025, apart from the investment in the fund[80] Strategic Initiatives - The group has established a strategic partnership with PACM Group to set up a fund, marking its entry into the real estate private credit investment management sector[75] - The group has invested approximately HKD 112,000,000 in the PACM OW Global Special Situation Fund II L.P., with an investment fair value of approximately HKD 40,400,000 as of February 28, 2025, representing about 3.4% of total assets[79] Market and Economic Conditions - The pawn loan business revenue increased by 9.7% or HKD 7,700,000 to HKD 87,300,000, driven by stable gold prices and an active second-hand luxury goods market[49] - The average loan-to-value ratio for first mortgages was approximately 58.2%, while the overall average loan-to-value ratio for second mortgages was about 52.8%[48]

Stock Option Plan - The total number of shares available for issuance under the stock option plan is 15,965,397 shares, accounting for approximately 2.78% of the company's issued shares (excluding treasury shares) [2] - The company maintains its commitment to transparency by providing supplementary information regarding the stock option plan [2] - The stock option plan is part of the company's broader strategy to incentivize and retain key personnel [2] Governance and Leadership - The board of directors includes both executive and independent non-executive directors, ensuring a diverse governance structure [3] - The announcement was made by the chairman and executive director, Mr. Zhu Yongjun, indicating leadership involvement [3] Announcement Details - The announcement is supplementary to the annual report for the year ending December 31, 2024, published on April 29, 2025 [2] - The announcement was issued on May 27, 2025, reflecting the company's ongoing communication with stakeholders [3] - The additional information provided does not affect other data contained in the annual report [2] - The company emphasizes that the supplementary announcement is not a replacement for the annual report's other contents [2] - The company does not assume any responsibility for the accuracy or completeness of the announcement's content [1]

Financial Performance - The company reported total revenue of approximately RMB 86.6 million for the fiscal year 2024, a decrease of about 33.1% compared to RMB 129.4 million in fiscal year 2023[11]. - The cost of goods sold decreased by approximately 30.6% to about RMB 69.5 million in fiscal year 2024, down from RMB 100.1 million in fiscal year 2023[12]. - Gross profit fell to approximately RMB 17.1 million in fiscal year 2024, a decrease of about 41.6% from RMB 29.3 million in fiscal year 2023, with a gross margin decline from 22.6% to 19.7%[12]. - The company incurred a loss of approximately RMB 15.3 million in fiscal year 2024, compared to a profit of about RMB 2.4 million in fiscal year 2023[20]. - Financing costs increased to approximately RMB 14.8 million in fiscal year 2024, up from RMB 12.9 million in fiscal year 2023[19]. - Selling and distribution expenses rose by approximately 11.1% to about RMB 8.0 million in fiscal year 2024, compared to RMB 7.2 million in fiscal year 2023[14]. - Administrative and other operating expenses decreased significantly by about 38.6% to approximately RMB 14.5 million in fiscal year 2024, down from RMB 23.6 million in fiscal year 2023[15]. - Other income net decreased to approximately RMB 1.5 million in fiscal year 2024, compared to RMB 2.8 million in fiscal year 2023[16]. Corporate Governance - The company continues to review and enhance its corporate governance practices to ensure compliance with the corporate governance code[37]. - The Board is responsible for reviewing and approving significant transactions, investment policies, dividends, and accounting policies[38]. - The company has established four committees (Audit, Nomination, Remuneration, and Corporate Governance) to support the Board, each with a clear written terms of reference[46]. - The board held nine meetings and two annual general meetings during the year ending December 31, 2024[60]. - The nomination committee conducted three meetings to review the board's structure, size, and diversity[55]. - The company has established a code of conduct and compliance manual applicable to employees and directors[57]. - The board's final responsibility for selecting and appointing directors rests with the entire board, despite delegation to the nomination committee[56]. - The company appointed Ms. Lei Meijia as the company secretary on July 15, 2024, who has over 17 years of experience in financial management and corporate financing[68]. Risk Management - The company faces various risks, including compliance risks related to product quality, which could lead to significant financial and reputational damage[123]. - The company has implemented measures to mitigate quality-related risks, such as strict supplier selection and regular quality assessments[124]. - Strategic risks associated with acquisitions include the inability to identify suitable targets and potential undisclosed financial liabilities[126]. - The company emphasizes thorough due diligence and feasibility analysis for acquisition targets to minimize risks[126]. - The board is responsible for establishing and maintaining effective risk management and internal control systems, which are reviewed annually[73]. Debt and Financial Liabilities - The company has faced multiple winding-up petitions since 2020, with a total principal and interest payment of HKD 2,573,424.66 due to bondholders as of 2022[152]. - A debt restructuring plan was approved by the Hong Kong High Court on November 1, 2023, with over 50% of creditors by number and at least 75% by value voting in favor[152]. - The debt repayment arrangement plan is set to take effect on March 12, 2024[152]. - The company submitted a unilateral application to the High Court on July 20, 2023, to convene a meeting for the debt repayment arrangement[152]. Shareholder Engagement - The company held two shareholder meetings during the year ending December 31, 2024, providing opportunities for direct communication between the board and shareholders[87]. - Shareholders have the right to propose special meetings if they hold at least 10% of the paid-up capital, with specific procedures outlined for such requests[91]. - The company aims to provide equal opportunities for all shareholders to exercise their rights and communicate actively[87]. Employee and Management - The group employed 97 staff members as of December 31, 2024, compared to 90 in the previous year, with total employee costs of approximately RMB 8.6 million in fiscal year 2024[30]. - The company has established a remuneration committee to review the remuneration policy considering the group's performance and market practices[173]. - The company has two senior management members with salaries ranging from zero to HKD 1,000,000[51]. Compliance and Regulatory Matters - The company confirmed compliance with the standards for securities trading by all directors during the year ending December 31, 2024[66]. - The independent non-executive directors review compliance with non-competition commitments annually[88]. - The company confirmed compliance with the disclosure requirements under the listing rules regarding related party transactions[188]. Business Strategy - The company continues to focus on the pharmaceutical distribution and manufacturing business in China for fiscal year 2024[10]. - The company has a history of expanding its business through acquisitions and alliances, which remains a key strategic focus[126]. - The management discussion and analysis section of the annual report outlines potential future developments for the business[117]. Dividend Policy - The group did not recommend any final dividend for the fiscal year 2024, consistent with fiscal year 2023[31]. - The company has adopted a dividend policy outlining the procedures for declaring and proposing dividends[101]. - The board will consider factors such as operating performance, cash flow, financial condition, and future prospects when deciding on dividend distribution[105]. - The company emphasizes that past dividend distributions cannot be used as a reference for future dividend levels[103].

（於香港註冊成立之有限公司） （前稱Royal Century Resources Holdings Limited 仁德資源控股有限公司） China New Holdings Limited 中新控股有限公司 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，並明確表示概不會就本公告全部或任何部分內 容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考，並不構成出售、處置、收購、購買或認購本公司任何證券之邀請或要 約。 （股份代號：8125） 有關二零二四年年報的補充公告 茲提述中新控股有限公司（前稱仁德資源控股有限公司）（「本公司」）於二零二四年七月 二十九日所刊發截至二零二四年三月三十一日止年度之年報（「二零二四年年報」）。除 文義另有所指外，本公告所用詞彙與二零二四年年報所界定者具有相同涵義。 董事會（「董事會」）謹此就二零二四年年報提供以下補充資料： 6. 於二零二四年六月二十八日（即二零二四年年報日期），本公司已發行股份總數為 225,763,200股，而根據購股權計劃授權可予授出的購股權及獎勵以及可予發行的 股份總數 ...

Financial Performance - Xiaomi Corporation reported a total revenue of RMB 111.3 billion for Q1 2025, a year-on-year increase of 47.4%[5] - The adjusted net profit for Q1 2025 reached RMB 10.7 billion, marking a 64.5% increase compared to the same period last year[5] - Revenue for Q1 2025 reached RMB 111,293.3 million, a 47.4% increase from RMB 75,506.8 million in Q1 2024[31] - Gross profit for Q1 2025 was RMB 25,405.9 million, up 51.0% from RMB 16,829.7 million in Q1 2024[31] - Operating profit for Q1 2025 was RMB 13,125.4 million, compared to RMB 3,683.0 million in Q1 2024, marking a 256.5% increase[31] - The net profit for the first quarter of 2025 was RMB 109 billion, reflecting a 161.0% increase from RMB 42 billion in the first quarter of 2024[68] - The adjusted net profit increased by 64.5% to RMB 107 billion in the first quarter of 2025, compared to RMB 65 billion in the same period of 2024[69] - Basic earnings per share for Q1 2025 were RMB 0.44, compared to RMB 0.17 in Q1 2024[134] - The total comprehensive income for Q1 2025 was RMB 10.91 billion, up from RMB 4.26 billion in Q1 2024, reflecting a strong performance[136] Revenue Segmentation - The smartphone and AIoT segment generated revenue of RMB 92.7 billion, reflecting a year-on-year growth of 22.8%[13] - In Q1 2025, the company's smartphone business revenue reached RMB 50.6 billion, a year-on-year increase of 8.9%, with a gross margin of 12.4%[15] - The IoT and lifestyle products segment generated revenue of RMB 32.3 billion in Q1 2025, a 58.7% year-on-year increase, with a gross margin of 25.2%[17] - The smart electric vehicle and AI segment reported total revenue of RMB 18.6 billion in Q1 2025, with smart electric vehicle revenue at RMB 18.1 billion[24] - Internet services revenue reached RMB 9.1 billion in Q1 2025, a year-on-year increase of 12.8%, with a gross margin of 76.9%[21] Market Performance - Xiaomi's global smartphone shipments reached 41.8 million units in Q1 2025, a 3.0% increase year-on-year, maintaining a market share of 14.1%[8] - In mainland China, the smartphone market share increased by 4.7 percentage points year-on-year to 18.8%, reclaiming the top position in shipments after ten years[15] - The number of active users on Xiaomi's platform reached 718.8 million, a 9.2% increase year-on-year[8] - The AIoT platform connected devices reached 943.7 million units as of March 31, 2025, a 20.1% year-on-year growth[19] Research and Development - Research and development expenditure for Q1 2025 was RMB 6.7 billion, up 30.1% year-on-year, with R&D personnel reaching 21,731, accounting for 47.7% of total employees[9] - The company launched its first self-developed flagship processor, the Xuanjie O1, in May 2025, showcasing its commitment to core technology development[9] Cash Flow and Capital Management - Cash and cash equivalents as of March 31, 2025, amounted to RMB 86.17 billion, significantly up from RMB 33.66 billion at the beginning of the period[119] - Operating cash flow for the three months ended March 31, 2025, was RMB 4,509.5 million, compared to RMB 23,906.8 million for the same period in 2024[119] - The company reported a net cash inflow from financing activities of RMB 38,077.4 million for the three months ended March 31, 2025[119] - The company’s investment activities resulted in a net cash outflow of RMB 9,920.8 million for the same period[119] Cost Management - The total sales cost for Q1 2025 was RMB 85,887.4 million, a 46.4% increase from RMB 58,677.1 million in Q1 2024[43] - The cost of sales for the mobile × AIoT segment increased by 22.1% to RMB 71,612.7 million in the first quarter of 2025, compared to RMB 58,654.3 million in the first quarter of 2024[45] - Sales cost decreased by 0.8% from RMB 86,550.3 million in Q4 2024 to RMB 85,887.4 million in Q1 2025, reflecting improved cost management[81] Future Outlook and Strategy - Xiaomi plans to expand its retail presence in mainland China, aiming for approximately 20,000 offline stores by the end of 2025[12] - The company is focusing on expanding its smart electric vehicle and AI-related innovative businesses as part of its growth strategy[143] Compliance and Governance - The audit committee reviewed the unaudited interim results for the three months ended March 31, 2025, ensuring compliance with accounting policies and internal controls[164] - The company has ongoing investigations by Indian authorities regarding compliance with tax and foreign exchange regulations, with potential financial implications yet to be determined[160]

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，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Zhihu Inc. （於開曼群島註冊成立以不同投票權控制的有限責任公司） （紐交所代號：ZH；聯交所代號：2390） 內幕消息 截至2025年3月31日止季度 未經審計財務業績 本公告乃根據香港聯合交易所有限公司（「香港聯交所」）證券上市規則第13.09條 及證券及期貨條例（第571章）第XIVA部刊發。 知乎（「本公司」）欣然宣佈本公司及其附屬公司及綜合聯屬實體截至2025年3月 31日止三個月的未經審計簡明合併業績。 本公司欣然宣佈，根據美國證券交易委員會（「美國證監會」）適用規則刊發的本公 司及其附屬公司及綜合聯屬實體截至2025年3月31日止三個月的未經審計簡明合 併業績（「第一季度業績」）。 第一季度業績乃根據美國公認會計準則（有別於國際財務報告準則）編製。 本公告附表I為本公司於2025年5月27日（美國東岸時間）就第一季度業績刊發的新 聞稿全文，其中部分內容可能構成本公司的重大內幕消息。 ...

Financial Performance - Kuaishou Technology reported total revenue of RMB 32.608 billion for the three months ended March 31, 2025, representing a year-on-year increase of 10.9%[5] - Adjusted net profit for the quarter was RMB 4.58 billion, with an adjusted net profit margin of 14.0%[5] - The company's gross profit was RMB 17.792 billion, with a gross margin of 54.6%[5] - Revenue increased by 10.9% from RMB 29.4 billion in Q1 2024 to RMB 32.6 billion in Q1 2025, driven by growth in online marketing services, live streaming, and e-commerce[21] - Online marketing services revenue rose by 8.0% from RMB 16.7 billion in Q1 2024 to RMB 18.0 billion in Q1 2025, attributed to the application of AI technology in marketing solutions[21] - Live streaming revenue increased by 14.4% from RMB 8.6 billion in Q1 2024 to RMB 9.8 billion in Q1 2025, due to refined operations and diverse quality content[22] - Operating profit for Q1 2025 was RMB 4.3 billion, with an operating margin of 13.1%, compared to RMB 4.0 billion and 13.6% in Q1 2024[34] - The adjusted net profit for Q1 2025 was RMB 4.6 billion, compared to RMB 4.4 billion in Q1 2024, reflecting a decrease in adjusted profit margin from 14.9% to 14.0%[34] User Engagement - The average daily active users reached 408 million, marking a historical high and a year-on-year growth of 3.6%[11] - The total viewing of Spring Festival content on the platform exceeded 15 billion, with short video views surpassing 200 billion[11] - Monthly active users have reached 200 million, marking a 25% increase from the previous year[95] - The average revenue per daily active user for online marketing services was RMB 44.1, an increase from RMB 42.3 year-on-year[7] E-commerce and GMV - Kuaishou's total e-commerce GMV for the quarter was RMB 332.325 billion, up from RMB 288.073 billion in the previous year[7] - E-commerce GMV grew by 15.4% year-on-year to RMB 332.3 billion in Q1 2025, with monthly active buyers reaching 135 million[14] - The number of new merchants joining the platform increased by over 30.0% year-on-year in Q1 2025[14] International Expansion - Kuaishou's overseas business achieved positive operating profit for the first time in Q1 2025, reflecting the effectiveness of its international market strategy[9] - Overseas business revenue grew by 32.7% year-on-year to RMB 1.3 billion in Q1 2025, achieving positive quarterly operating profit for the first time[18] Research and Development - The company launched the upgraded Kuailing AI 2.0 model in April 2025, enhancing video generation capabilities and expanding its application across various industries[10] - R&D expenses increased by 16.0% from RMB 2.8 billion in Q1 2024 to RMB 3.3 billion in Q1 2025, primarily due to increased employee benefits[31] - Investment in artificial intelligence (AI) technologies has increased by 30%, with a focus on enhancing user engagement and content generation[95] Cost Management - The average response rate of AI customer service reached approximately 80.0% in Q1 2025, significantly reducing merchant costs[16] - The company is implementing cost-cutting measures aimed at reducing operational expenses by 15% over the next year[93] Future Outlook - The company anticipates a revenue growth of 25% for the upcoming fiscal year, driven by new product launches and market expansion strategies[93] - Future outlook remains cautiously optimistic, with potential risks identified in regulatory changes and market competition[93] Cash Flow and Financial Position - Cash and cash equivalents as of March 31, 2025, were RMB 11,598 million, a decrease from RMB 12,697 million as of December 31, 2024[64] - The company generated RMB 3,283 million in net cash from operating activities for Q1 2025, with a pre-tax profit of RMB 4,200 million[65] - Total available funds as of March 31, 2025, amounted to RMB 94 billion, slightly up from RMB 92.8 billion as of December 31, 2024[63] - The company reported a cumulative loss of RMB 238,186 million as of March 31, 2025, an improvement from RMB 242,164 million at the end of December 2024[71] Shareholder Returns - The company repurchased a total of 29,188,100 Class B shares at a total cost of HKD 1,419,146,016.31 during the three months ended March 31, 2025[87]

Financial Performance - Revenue for the six months ended February 28, 2025, was RMB 3,673 million, an increase of 11.8% compared to RMB 3,284 million for the same period in 2024[21]. - Gross profit for the same period was RMB 1,978 million, reflecting a growth of 7.6% from RMB 1,839 million in 2024[21]. - Operating profit increased by 3.3% to RMB 1,524 million, up from RMB 1,475 million in the previous year[21]. - Net profit decreased by 8.2% to RMB 1,091 million, down from RMB 1,188 million in 2024[21]. - Adjusted net profit was RMB 1,182 million, a decline of 2.9% compared to RMB 1,217 million in the prior year[21]. - Administrative expenses increased by 18.9% to RMB 566 million, compared to RMB 476 million in the previous year[21]. - Adjusted EBITDA for the six months ended February 28, 2025, was RMB 2,100 million, up from RMB 1,956 million for the six months ended February 29, 2024, indicating an increase of 7.4%[27]. - EBITDA for the six months ended February 28, 2025, was RMB 2,009 million, an increase of 4.3% from RMB 1,927 million for the six months ended February 29, 2024[42]. - The group reported a total comprehensive income of RMB 1,094 million, slightly lower than RMB 1,186 million from the previous year[122]. - Basic and diluted earnings per share were both RMB 35.63, a decrease from RMB 41.97 in the prior year[122]. Market Segments - The domestic market segment's revenue increased from RMB 3,179 million for the six months ended February 29, 2024, to RMB 3,544 million for the six months ended February 28, 2025, representing an increase of 11.5%[29]. - The international market segment's revenue rose by 22.9%, from RMB 105 million for the six months ended February 29, 2024, to RMB 129 million for the six months ended February 28, 2025[30]. - Customer revenue from mainland China reached RMB 3,544 million, up 11.5% from RMB 3,179 million in 2024, while revenue from Australia increased to RMB 129 million from RMB 105 million[142]. Expenses and Costs - The cost of revenue increased by 17.3%, from RMB 1,445 million for the six months ended February 29, 2024, to RMB 1,695 million for the six months ended February 28, 2025[32]. - Financing costs increased by 5.3%, from RMB 225 million for the six months ended February 29, 2024, to RMB 237 million for the six months ended February 28, 2025[39]. - Employee costs rose to RMB 1,193 million, up 16.9% from RMB 1,020 million in 2024, primarily due to increased salaries and benefits[146]. Loans and Financing - The company has secured loans from the Asian Development Bank totaling up to RMB 284.9 million with a maximum term of 60 months[19]. - Additionally, a loan agreement with the Asian Infrastructure Investment Bank was signed for up to RMB 574.7 million, with a maximum term of 84 months[19]. - The company entered into a loan agreement with the International Finance Corporation (IFC) for a maximum amount of $200,000,000 with a term of up to seven years[100]. - The company has a loan agreement with banks for $189,500,000 with a maximum term of seven years, requiring the controlling shareholders to remain the single largest direct or indirect shareholders[105]. Corporate Governance - The company has complied with the corporate governance code, except for the deviation regarding the roles of the chairman and CEO, which are held by the same individual[67]. - The company is committed to enhancing corporate governance practices to build confidence among shareholders and potential investors[68]. - The company has adopted a standard code for regulating directors' securities trading, and all directors confirmed compliance during the reporting period[70]. Shareholder Information - As of February 28, 2025, the total number of shares held by the director Yu Kai is 848,270,608, representing approximately 31.26% of the total issued shares[76]. - Major shareholders hold a total of 1,696,541,216 shares, representing 62.52% of the total issued shares as of February 28, 2025[80]. - The company has a total of 2,713,791,221 issued shares as of February 28, 2025[83]. Compliance and Regulations - The company is committed to ensuring compliance with the new qualification requirements for foreign investors in educational institutions[96]. - The new regulations from the Chinese government restrict foreign investment in higher education, requiring foreign partners to have a minority stake[93]. Capital Expenditures and Assets - Capital expenditures for the six months ended February 28, 2025, were RMB 1,207 million, down from RMB 2,032 million in the previous year[45]. - The group's property, plant, and equipment increased by 3.3% to RMB 22,425 million as of February 28, 2025, from RMB 21,706 million as of August 31, 2024[44]. - Non-current assets increased to RMB 31,758 million from RMB 31,059 million, primarily due to investments in property and equipment[124]. Cash Flow and Liquidity - For the six months ended February 28, 2025, the net cash from operating activities was RMB 663 million, a decrease of 39.5% compared to RMB 1,097 million for the same period in 2024[132]. - The company reported a net decrease in cash and cash equivalents of RMB 2,424 million for the six months ended February 28, 2025, compared to RMB 1,129 million for the same period in 2024[132]. - The total cash and cash equivalents at the end of the period were RMB 3,814 million, down from RMB 4,048 million at the end of February 29, 2024[132]. Future Outlook - The company is optimistic about the long-term development prospects of the education industry, aligning with national development strategies and individual career needs[18]. - The company plans to continue focusing on expanding its vocational education services in both domestic and international markets[135]. - The company has a strong expectation of sufficient resources to continue operations for at least the next twelve months[133].

Financial Proceeds and Allocations - The net proceeds from the global offering, after deducting expenses and commissions, amounted to approximately HKD 115.6 million[2] - The board has decided to reallocate funds originally designated for establishing an industry acquisition fund to expand the oil and natural gas station network[2] - The revised allocation for expanding the oil and natural gas station network is HKD 50 million, with HKD 25.286 million already utilized as of December 31, 2024[3] - The logistics transportation fleet expansion is allocated HKD 10 million, with HKD 9.198 million already utilized as of December 31, 2024[3] - The total amount utilized as of December 31, 2024, is HKD 90.886 million out of the HKD 115.6 million net proceeds[3] - The company plans to utilize the remaining proceeds for further expansion of its operations and marketing strategies[3] Share Options - The total number of share options available under the share option scheme as of January 1, 2024, and December 31, 2024, is 23,450,200 shares each[6] - The total number of shares available for issuance under the share option scheme represents approximately 6.3% of the company's issued share capital as of the annual report date[6] Marketing and Promotions - The board has approved the allocation of funds for strengthening marketing and promotional strategies amounting to HKD 5.8 million, which has been fully utilized[3] Supplementary Information - The company maintains that the supplementary information provided does not affect the other information contained in the annual report[4]

Stock Option Plan - The total number of stock options available for issuance under the stock option plan is 20,000,000 shares[2] - The stock option plan does not set a limit on the number of options for service providers[2] - The company aims to provide supplementary information regarding the stock option plan to shareholders and potential investors[2] - The announcement is part of the annual report supplementary disclosure for the fiscal year ending March 31, 2024[2] Corporate Governance - The board of directors confirms that the information disclosed is accurate and complete in all material aspects[4] - The board consists of executive directors and independent non-executive directors, ensuring diverse oversight[4] - The chairman and executive director is Li Yue, who oversees the company's strategic direction[3] Disclosure and Compliance - The announcement will be published on the Hong Kong Stock Exchange website and the company's website for at least seven days[4] - The announcement is made in accordance with GEM listing rules to provide information about the company[4] - The company emphasizes the absence of misleading or fraudulent elements in the disclosed information[4]