（股份代號：2597) 截至2025年6月30日止六個月之中期業績公告 財務摘要 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。 Beijing Xunzhong Communication Technology Co., Ltd. 北京訊眾通信技術股份有限公司 （於中華人民共合國註冊成立的股份有限公司） 項目 董事會欣然宣佈本集團截至2025年6月30日止六個月之未經審核合併中期業績， 連同2024年同期的比較數字。該業績乃按照《企業會計準則》以及上市規則的披露 要求而編製。 （除另有指明外，以下資料披露乃基於按照《企業會計準則》編製的未經審核合併 財務報表，金額單位為人民幣元。） 1 | 項目 | 附註 | 2025年6月30日 | 2024年12月31日 | | --- | --- | --- | --- | | 流動負債： | | | | | 短期借款 | | 247,189,695.27 | 255,292,974.25 | | 交易性金融 ...

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。 Fangzhou Inc. 方舟云康控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6086） 截 至2025年6月30日止六個月的 中期業績公告 董事會欣然公佈本集團截至2025年6月30日止六個月的未經審核簡明 綜合中期業績，連同2024年同期的比較數字如下。該等中期業績已由 審核委員會及本公司核數師畢馬威會計師事務所審閱。 於本公告中，「我們」指本公司，倘文義另有所指，則指本集團。本公告 所載若干金額及百分比數字已經約整，或約整至小數點後一位或兩位 數。任何表格、圖表或其他地方所列總額與當中所列各數字總和之間 的差異乃因約整所致。 – 1 – 此job內 文size和heading size 已加大2pt，leading不 變 此job內 文size和heading size 已加大2pt，leading不 變 財務及業務亮點 我們在2025年上半年的強勁財務業績，反映出我們戰略規劃的堅 ...

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佈之內容概不負責，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佈全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔 任何責任。 - 1 - - 2 - ➢ 於截至二零二五年六月三十日止六個月，本集團錄得股東應佔綜合虧損 港幣382,700,000元，而於二零二四年同期錄得之虧損為港幣422,600,000 元。 ➢ 物業及酒店為本集團兩大主要業務。本集團主要在香港及內地從事物業 業務，由於兩地房地產市況低迷，導致自物業分部產生之收入較二零二 四年同期減少。 ➢ 然而，透過本公司之主要上市附屬公司Regal Hotels International Holdings Limited富豪酒店國際控股有限公司進行之酒店業務繼續表現 穩定，所貢獻之收入較上一比較期間增加。 ➢ 於回顧期間內，本集團之毛利為港幣403,300,000元。經主要計及投資物 業之公平值虧損及待售物業之減值虧損港幣200,800,000元以及各項行政 及其他費用後，本集團錄得減除折舊、融資成本及稅項前之經營業務虧 損為港幣14,500,000元。 ➢ 本集團於香港 ...

簡明綜合損益及其他全面收益表 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佈的內容概不 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佈 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。 世 界（ 集 團 ）有限公 司 WORLD HOUSEWARE (HOLDINGS) LIMITED （於開曼群島註冊成立之有限公司） （股份代號：713） 二零二五年中期業績公佈 世界（集團）有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司及其附屬 公司（「本集團」）截至二零二五年六月三十日止六個月之未經審核綜合中期業 績連同二零二四年同期之比較數字如下： 截至二零二五年六月三十日止六個月 | | | 截至該日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | | 六月三十日 | 六月三十日 | | | 附註 | 千港元 | 千港元 | | | | （未經審核） （未經審核） | | | 營業額 | 3 | 116,135 | 159,263 | | 銷售成本 | | (102,149) | ( ...

Announcement Overview [Disclaimer and Company Information](index=1&type=section&id=1.1%20Disclaimer%20and%20Company%20Information) This announcement presents the unaudited condensed consolidated interim results of Jia Ge Peng You Holdings Limited for the six months ended June 30, 2025, reviewed by the audit committee - This announcement is issued by Hong Kong Exchanges and Clearing Limited, presenting the unaudited condensed consolidated interim results of **Jia Ge Peng You Holdings Limited (Stock Code: 1450)** for the six months ended June 30, 2025[1](index=1&type=chunk)[2](index=2&type=chunk) [Key Financial Highlights](index=1&type=section&id=1.2%20Key%20Financial%20Highlights) For the six months ended June 30, 2025, continuing operations generated **RMB 618,861 thousand** revenue and **RMB 55,367 thousand** profit, with adjusted net profit decreasing to **RMB 72,262 thousand** Key Financial Highlights (thousand RMB) | Indicator | Six Months Ended June 30, 2025 (Unaudited) | Six Months Ended June 30, 2024 (Unaudited) | | :--- | :--- | :--- | | **Continuing Operations** | | | | Revenue | 618,861 | 563,645 | | Gross Profit | 270,687 | 303,186 | | Profit for the Period | 55,367 | 88,418 | | **Discontinued Operations** | | | | Revenue | 57,459 | 58,418 | | Gross Profit | 25,257 | 17,412 | | Profit (Loss) for the Period | 983 | (4,605) | | **Consolidated Total** | | | | Revenue | 676,320 | 622,063 | | Gross Profit | 295,944 | 320,598 | | Profit for the Period | 56,350 | 83,813 | | **Non-HKFRS Measures** | | | | Adjusted Net Profit (Loss) | 72,262 | 110,707 | Management Discussion and Analysis [Business Review](index=2&type=section&id=2.1%20Business%20Review) In H1 2025, the Group's new media services revenue grew by **9.8%**, but net profit declined **37.4%** due to rising traffic costs and R&D, while traditional broadcasting business was divested for asset optimization [Macroeconomic and Industry Environment](index=2&type=section&id=2.1.1%20Macroeconomic%20and%20Industry%20Environment) In H1 2025, China's economy recovered steadily, but the live e-commerce industry faced rising traffic acquisition costs and slowing user growth, pressuring average profit margins - In H1 2025, China's economy saw steady recovery, but the live e-commerce industry faced challenges of rising traffic acquisition costs and slowing user growth, leading to pressure on average industry profit margins[4](index=4&type=chunk) [New Media Services Business Performance](index=2&type=section&id=2.1.2%20New%20Media%20Services%20Business%20Performance) New media services revenue grew **9.8%** to approximately **RMB 620 million**, driven by matrix live streaming, but net profit declined **37.4%** to **RMB 55.4 million** due to rising traffic costs and R&D investment - New media services business revenue reached approximately **RMB 620 million**, a year-on-year increase of approximately **9.8%**, primarily benefiting from matrix live streaming room development and multi-platform layout[5](index=5&type=chunk) - New media services business net profit was approximately **RMB 55.4 million**, a year-on-year decrease of approximately **37.4%**, primarily due to increased platform traffic acquisition costs and R&D and operation investment in the 'Friend Cloud' intelligent system[5](index=5&type=chunk) - The company optimizes live e-commerce business using the 'Friend Cloud' intelligent system, enhancing traffic efficiency and replicability through differentiated operational strategies and a matrix model (main and vertical accounts synergy)[6](index=6&type=chunk)[7](index=7&type=chunk) [Strategy and Operational Optimization](index=3&type=section&id=2.1.3%20Strategy%20and%20Operational%20Optimization) The Group strengthened its leading position by integrating supply chains and collaborating with local governments on 'export-to-domestic' initiatives, while also enhancing compliance, risk control, and employee welfare - The Group consolidated its leading industry position, strengthening the supply chain closed-loop via the 'industrial belt + brand + live streaming room' model, and collaborated with local governments on the 'export-quality goods to domestic sales' program, serving over a thousand foreign trade enterprises[7](index=7&type=chunk) - The company signed the **'Shanghai Live E-commerce Industry Self-Regulation Convention'**, built a multi-dimensional risk control system, and launched an **'employee care fund'**, strengthening corporate social responsibility and talent competitiveness[8](index=8&type=chunk) [Corporate Social Responsibility and Honors](index=3&type=section&id=2.1.4%20Corporate%20Social%20Responsibility%20and%20Honors) The company received prestigious awards like 'Hangzhou Credit Management Demonstration Enterprise' and 'Ecological Value Creation MCN', affirming its compliant governance and social value creation - The Group received awards such as **'Hangzhou Credit Management Demonstration Enterprise'** and **'Ecological Value Creation MCN'**, demonstrating its compliant governance and social value creation capabilities[8](index=8&type=chunk) [Divestment of Traditional Broadcasting Business](index=3&type=section&id=2.1.5%20Divestment%20of%20Traditional%20Broadcasting%20Business) The Group divested its traditional broadcasting business subsidiary on July 31, 2025, to optimize asset structure, release cash flow, and reallocate resources to high-potential new media areas - The Group signed an agreement on **March 28, 2025**, to sell **100% equity** of its traditional broadcasting business subsidiary, with the transaction completed on **July 31, 2025**, to optimize asset structure, release cash flow, and concentrate resources on high-potential areas[9](index=9&type=chunk)[10](index=10&type=chunk) [Future Outlook](index=4&type=section&id=2.2%20Future%20Outlook) The Group will focus on intelligent transformation, refined operations, professionalizing vertical live streaming, deepening 'Friend Cloud' system application, and strengthening data-driven decisions and regional industrial collaboration - Future focus will be on intelligent and technological transformation and refined operations, accelerating the professionalization of vertical live streaming rooms, and precisely matching users through algorithm recommendations[11](index=11&type=chunk) - Deepen the application of the **'Friend Cloud' intelligent system**, optimizing efficiency and costs in core links such as supply chain management and tiered traffic operations[11](index=11&type=chunk) - Accelerate strategic collaboration with regional industrial belts, integrate and optimize supply chain resources, and continuously improve the systematic governance structure, establishing a full-cycle risk control system[11](index=11&type=chunk) Financial Performance Analysis [Key Items of Consolidated Income Statement](index=5&type=section&id=3.1%20Key%20Items%20of%20Consolidated%20Income%20Statement) Continuing operations revenue grew **9.8%**, but gross profit and margin declined due to rising traffic costs; sales and administrative expenses optimized, while net finance costs shifted to expense, leading to a decrease in profit for the period, though discontinued operations turned profitable [Revenue](index=5&type=section&id=3.1.1%20Revenue) New media services revenue grew **9.8%** year-on-year to approximately **RMB 618.9 million**, driven by matrix live streaming and multi-platform expansion New Media Services Business Revenue (thousand RMB) | Indicator | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Year-on-Year Growth | | :--- | :--- | :--- | :--- | | Revenue | 618,861 | 563,645 | 9.8% | [Cost of Sales and Gross Profit](index=5&type=section&id=3.1.2%20Cost%20of%20Sales%20and%20Gross%20Profit) New media services cost of sales increased **33.7%** to **RMB 348.2 million**, leading to a gross profit decrease to **RMB 270.7 million** and a **10.1 percentage point** drop in gross margin to **43.7%** New Media Services Business Cost of Sales and Gross Profit (thousand RMB) | Indicator | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Cost of Sales | 348,174 | 260,459 | Increased 33.7% | | Gross Profit | 270,687 | 303,186 | Decreased 10.7% | | Gross Margin | 43.7% | 53.8% | Decreased 10.1 percentage points | [Selling and Administrative Expenses](index=5&type=section&id=3.1.3%20Selling%20and%20Administrative%20Expenses) Selling expenses slightly increased to **RMB 153.6 million** but optimized to **24.8%** of revenue, while administrative expenses decreased by **RMB 2.8 million** to **RMB 61.9 million**, optimizing to **10.0%** of revenue Selling and Administrative Expenses (thousand RMB) | Indicator | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Selling Expenses | 153,641 | 151,072 | Increased 2.5 million RMB | | Selling Expenses as % of Revenue | 24.8% | 26.8% | Decreased 2.0 percentage points | | Administrative Expenses | 61,920 | 64,700 | Decreased 2.8 million RMB | | Administrative Expenses as % of Revenue | 10.0% | 11.5% | Decreased 1.5 percentage points | [Other Income and Finance Costs](index=6&type=section&id=3.1.4%20Other%20Income%20and%20Finance%20Costs) Net other income increased to **RMB 16.0 million** due to government grants, while net finance costs shifted from income to an expense of approximately **RMB 0.8 million**, driven by higher borrowing interest and lower deposit interest Other Income and Finance Costs (thousand RMB) | Indicator | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Net Other Income | 15,969 | 15,139 | Increased 0.8 million RMB | | Net Finance (Costs) Income | (800) | 866 | Decreased 1.7 million RMB (shifted from income to expense) | [Income Tax Expense](index=6&type=section&id=3.1.5%20Income%20Tax%20Expense) New media services income tax expense was approximately **RMB 14.9 million**, consistent with the prior period, with China's corporate tax rates varying for high-tech and small low-profit enterprises New Media Services Business Income Tax Expense (thousand RMB) | Indicator | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Income Tax Expense | 14,928 | 15,001 | - China's standard corporate income tax rate is **25%**, with high-tech enterprises enjoying a **15%** preferential rate, and small low-profit enterprises receiving tax benefits[66](index=66&type=chunk)[67](index=67&type=chunk) [Profit for the Period from Continuing Operations](index=6&type=section&id=3.1.6%20Profit%20for%20the%20Period%20from%20Continuing%20Operations) Profit for the period from continuing operations decreased to approximately **RMB 55.4 million**, primarily due to lower gross profit driven by rising platform traffic acquisition costs Profit for the Period from Continuing Operations (thousand RMB) | Indicator | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Profit for the Period | 55,367 | 88,418 | Decreased 37.4% | [Profit from Discontinued Operations](index=12&type=section&id=3.1.7%20Profit%20from%20Discontinued%20Operations) Discontinued operations (broadcasting business) achieved a turnaround, recording a profit of **RMB 983 thousand** for the interim period, compared to a **RMB 4,605 thousand** loss in the prior period Profit from Discontinued Operations (thousand RMB) | Indicator | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Profit (Loss) from Discontinued Operations | 983 | (4,605) | [Non-HKFRS Measures](index=7&type=section&id=3.2%20Non-HKFRS%20Measures) Adjusted net profit, a non-HKFRS measure, helps compare operating results by excluding non-indicative items; for continuing operations, it decreased to **RMB 71,279 thousand** for the six months ended June 30, 2025 - The company uses adjusted net profit as a supplementary financial measure to eliminate the impact of non-cash, one-off, or non-operating items, aiding in the comparison of operating results[21](index=21&type=chunk)[22](index=22&type=chunk) Non-HKFRS Measures Reconciliation (thousand RMB) | Indicator | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | Profit for the Period from Continuing Operations | 55,367 | 88,418 | | Adjustment for: Share-based Payment Expenses | 15,912 | 26,894 | | Adjusted Net Profit from Continuing Operations | 71,279 | 115,312 | [Earnings Per Share](index=14&type=section&id=3.3%20Earnings%20Per%20Share) For the six months ended June 30, 2025, basic and diluted EPS from continuing and discontinued operations were **RMB 4.24 cents** and **RMB 4.20 cents**, respectively, while continuing operations EPS were **RMB 4.26 cents** and **RMB 4.23 cents** Earnings Per Share (RMB cents) | Indicator | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | | :--- | :--- | :--- | | **Continuing and Discontinued Operations** | | | | Basic Earnings Per Share | 4.24 | 6.35 | | Diluted Earnings Per Share | 4.20 | 6.17 | | **Continuing Operations** | | | | Basic Earnings Per Share | 4.26 | 6.62 | | Diluted Earnings Per Share | 4.23 | 6.43 | Financial Position and Liquidity [Cash Flow](index=8&type=section&id=4.1%20Cash%20Flow) Net cash inflow from operating activities significantly increased to **RMB 138.5 million**, while investing activities shifted to a **RMB 24.3 million** net inflow, and financing activities resulted in a **RMB 38.2 million** net outflow due to loan repayments Cash Flow (thousand RMB) | Indicator | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Net Cash Inflow from Operating Activities | 138,509 | 20,263 | Increased 583.5% | | Net Cash Inflow (Outflow) from Investing Activities | 24,280 | (10,925) | Shifted from outflow to inflow | | Net Cash Outflow (Inflow) from Financing Activities | (38,170) | 49,683 | Shifted from inflow to outflow | | Cash and Cash Equivalents at End of Period | 238,963 | 208,244 | Increased 14.7% | [Key Items of Statement of Financial Position](index=8&type=section&id=4.2%20Key%20Items%20of%20Statement%20of%20Financial%20Position) As of June 30, 2025, total bank and other borrowings significantly decreased to **RMB 20.0 million**, with current assets at **RMB 573.4 million** and liabilities at **RMB 233.5 million**, improving the current ratio to **2.46** and reducing the gearing ratio to **-39.8%** [Bank and Other Borrowings](index=8&type=section&id=4.2.1%20Bank%20and%20Other%20Borrowings) Total bank and other borrowings significantly decreased from **RMB 212.1 million** to **RMB 20.0 million** by June 30, 2025, mainly due to reclassification of liabilities related to assets held for sale Bank and Other Borrowings (thousand RMB) | Indicator | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Total Bank and Other Borrowings | 20,000 | 212,057 | Decreased 90.6% | [Current Assets and Liabilities](index=8&type=section&id=4.2.2%20Current%20Assets%20and%20Liabilities) As of June 30, 2025, current assets were approximately **RMB 573.4 million** and liabilities **RMB 233.5 million**, with the current ratio improving from **1.50** to **2.46**, indicating significant liquidity enhancement Current Assets and Liabilities (thousand RMB) | Indicator | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Current Assets | 573,395 | 704,241 | Decreased 18.5% | | Current Liabilities | 233,492 | 470,902 | Decreased 50.4% | | Current Ratio | 2.46 | 1.50 | Increased 0.96 | [Gearing Ratio](index=10&type=section&id=4.2.3%20Gearing%20Ratio) The gearing ratio significantly decreased from **17.0%** to **-39.8%** by June 30, 2025, primarily due to increased bank balances and cash, and reclassification of liabilities related to assets held for sale Gearing Ratio | Indicator | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Gearing Ratio | -39.8% | 17.0% | Decreased 56.8 percentage points | [Risk Management](index=9&type=section&id=4.3%20Risk%20Management) The Group faces minimal foreign exchange risk in HKD, USD, and JPY, with no hedging used, and interest rate risk from floating-rate borrowings is largely offset by cash, with no significant impact expected [Foreign Exchange Risk](index=9&type=section&id=4.3.1%20Foreign%20Exchange%20Risk) The Group's foreign exchange risk exposure to HKD, USD, and JPY is considered minimal by management, with no material adverse impact on operations and no hedging instruments used - The Group is primarily exposed to foreign exchange risk in **HKD, USD, and JPY**, but management considers the impact minimal, with no material adverse effect on normal operations[29](index=29&type=chunk) - During the interim period, the Group did not use any financial instruments to hedge foreign exchange risk[29](index=29&type=chunk) [Interest Rate Risk](index=9&type=section&id=4.3.2%20Interest%20Rate%20Risk) Interest rate risk from floating-rate borrowings is largely offset by cash, with no significant impact expected; new media services had no secured borrowings, while broadcasting business had some loans secured by buildings - Interest rate risk primarily arises from floating-rate borrowings, partially offset by floating-rate cash, and management expects interest rate changes to have no significant impact on interest-bearing assets[30](index=30&type=chunk) - As of **June 30, 2025**, the new media services segment had no secured borrowings; the broadcasting business had **RMB 12,000,000** bank borrowings secured by buildings[31](index=31&type=chunk) Significant Events and Corporate Governance [Significant Investments, Acquisitions and Disposals](index=10&type=section&id=5.1%20Significant%20Investments,%20Acquisitions%20and%20Disposals) The Group made no significant investments during the interim period but divested its traditional broadcasting business subsidiary on July 31, 2025, to optimize asset structure and reallocate resources - The Group had no significant investments during the interim period[33](index=33&type=chunk) - The company signed an agreement on **March 28, 2025**, to sell **100% equity** of its traditional broadcasting business subsidiary, with the transaction completed on **July 31, 2025**, to optimize asset structure, release cash flow, and concentrate resources on high-potential areas[33](index=33&type=chunk) [Post Balance Sheet Events](index=11&type=section&id=5.2%20Post%20Balance%20Sheet%20Events) On August 5, 2025, the Group agreed to acquire **100% equity** of Hangzhou Jia Ge Peng You Education Technology Co., Ltd. to enhance new media services, integrate customer resources, and expand revenue streams - On **August 5, 2025**, the Group signed an agreement to conditionally acquire **100% equity** of Hangzhou Jia Ge Peng You Education Technology Co., Ltd., aiming to enhance new media services and live e-commerce capabilities, integrate customer resources, and expand revenue streams[38](index=38&type=chunk) [Dividends](index=10&type=section&id=5.3%20Dividends) The Board does not recommend the payment of any interim dividend for the current interim period - The Board does not recommend the payment of any interim dividend for the interim period[35](index=35&type=chunk)[70](index=70&type=chunk) [Employees and Remuneration Policy](index=10&type=section&id=5.4%20Employees%20and%20Remuneration%20Policy) As of June 30, 2025, the Group's employee count decreased to **1,279**, with a remuneration policy covering salary, benefits, share awards, and social security contributions Employee Headcount | Date | Employee Headcount | | :--- | :--- | | June 30, 2025 | 1,279 | | December 31, 2024 | 1,475 | - The company has formulated a remuneration policy, including basic salary, allowances, benefits, and share awards, and contributes to social insurance, medical insurance, housing provident fund, and mandatory provident fund for employees[37](index=37&type=chunk) [Share Award Scheme](index=11&type=section&id=5.5%20Share%20Award%20Scheme) The company adopted a share award scheme in 2022 to recognize employee contributions, granting **10,473,300** award shares to selected participants on April 10, 2025 - The company adopted a share award scheme in **2022**, aiming to recognize and reward employee contributions[39](index=39&type=chunk)[77](index=77&type=chunk) - On **April 10, 2025**, the Board resolved to grant a total of **10,473,300** award shares to certain selected participants[39](index=39&type=chunk)[77](index=77&type=chunk)[79](index=79&type=chunk) [Contingent Liabilities](index=10&type=section&id=5.6%20Contingent%20Liabilities) As of June 30, 2025, the Directors were unaware of any significant matters that might result in material contingent liabilities - As of **June 30, 2025**, the Directors were unaware of any significant matters that might give rise to material contingent liabilities[34](index=34&type=chunk)[87](index=87&type=chunk) [Corporate Governance and Directors' Information](index=35&type=section&id=5.7%20Corporate%20Governance%20and%20Directors'%20Information) The Group complied with the Corporate Governance Code, with Board changes including new appointments and resignations, and all Directors confirmed compliance with the Securities Trading Code, while the Audit Committee reviewed key financial and governance matters [Purchase, Sale or Redemption of the Company's Listed Securities](index=35&type=section&id=5.7.1%20Purchase,%20Sale%20or%20Redemption%20of%20the%20Company's%20Listed%20Securities) During the interim period, neither the Company nor its subsidiaries purchased, sold, or redeemed any of the Company's listed securities - During the interim period, neither the Company nor its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[93](index=93&type=chunk) [Compliance with Corporate Governance Code](index=35&type=section&id=5.7.2%20Compliance%20with%20Corporate%20Governance%20Code) The Company complied with the applicable code provisions of the Corporate Governance Code during the interim period - The Company complied with the applicable code provisions of the Corporate Governance Code during the interim period[94](index=94&type=chunk) [Changes in Directors' Information](index=35&type=section&id=5.7.3%20Changes%20in%20Directors'%20Information) Board changes included Mr. Li Jun's resignation and Ms. Zhao Huili's appointment to the Nomination Committee, Mr. Kong Huawei's appointment as Chief Independent Non-executive Director, and Mr. Lu Zhisen's resignation as Executive Director - **Mr. Li Jun** resigned as a member of the Nomination Committee, **Ms. Zhao Huili** was appointed as a member of the Nomination Committee, **Mr. Kong Huawei** was appointed as Chief Independent Non-executive Director, and **Mr. Lu Zhisen** resigned as Executive Director[95](index=95&type=chunk) [Standard Code for Securities Transactions by Directors](index=36&type=section&id=5.7.4%20Standard%20Code%20for%20Securities%20Transactions%20by%20Directors) The Company adopted a securities trading code, no less exacting than the Listing Rules' Standard Code, and all Directors confirmed compliance during the interim period - The Company adopted a securities trading code, and all Directors confirmed compliance with this code during the interim period[96](index=96&type=chunk) [Audit Committee](index=36&type=section&id=5.7.5%20Audit%20Committee) The Audit Committee, composed of three independent non-executive Directors, reviewed the Group's accounting principles, risk management, internal controls, and financial reporting matters without disagreement - The Audit Committee, comprising three independent non-executive Directors, reviewed the Group's accounting principles, risk management, internal controls, and financial reporting matters, with no disagreements[97](index=97&type=chunk) [Publication](index=36&type=section&id=5.7.6%20Publication) This interim results announcement is available on the HKEX and Company websites, with the 2025 interim report to be provided to shareholders in due course - This interim results announcement has been published on the **HKEX website** and the **Company's website**, and the **2025 interim report** will be made available to shareholders at the appropriate time[98](index=98&type=chunk)

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。 JINSHANG BANK CO., LTD.* 晉 商 銀 行 股 份 有 限 公 司 * （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：2558） 截至2025年6月30日止六個月之 中期業績公告 晉商銀行股份有限公司*（「本行」）董事（「董事」）會（「董事會」）欣然宣佈本行及其附屬公司 截至2025年6月30日止六個月之未經審計合併中期業績。本公告列載本行2025年中期報 告全文，並符合《香港聯合交易所有限公司證券上市規則》中有關中期業績初步公告附載 資料的要求。本行2025年中期報告將於2025年9月登載於本行網站(www.jshbank.com)及 香港聯合交易所有限公司網站(www.hkexnews.hk) ，印刷版本將寄發予已表示希望收取本 行公司通訊之印刷版本的本行H股股東。 - 1 - 發佈中期業績公告 本中期業績公告的中英文版本可在本 ...

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佈之內容概不負責，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佈全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔 任何責任。 | (股份代號：617) | | --- | 二零二五年中期業績公佈 | 財務及業務摘要 | | | | | --- | --- | --- | --- | | | 截至二零二五年 | 截至二零二四年 | | | | 六月三十日止六個月 | 六月三十日止六個月 | %轉變 | | | (未經審核) | (未經審核) | | | | 港幣百萬元 | 港幣百萬元 | | | 收入 | 1,186.0 | 1,392.0 | -14.8% | | 毛利 | 403.8 | 414.2 | -2.5% | | 減除折舊、融資成本 | | | | | 及稅項前之經營業務 | | | | | 盈利/(虧損)★ | (24.7) | 78.0 | 不適用 | | 母公司股份持有人 | | | | | 應佔虧損 | (613.4) | (676.3) | -9.3% | | 母公司股份持有人 | | | | | 應佔每股 ...

[Announcement and Company Information](index=1&type=section&id=Announcement%20and%20Company%20Information) [HKEX Disclaimer](index=1&type=section&id=HKEX%20Disclaimer) HKEX and the Stock Exchange are not responsible for the accuracy or completeness of this announcement and disclaim liability for any losses arising from its content - HKEX and the Stock Exchange bear no responsibility for the content of this announcement, make no representation as to its accuracy or completeness, and accept no liability for any loss arising from or in reliance upon its contents[1](index=1&type=chunk) [Company Information](index=1&type=section&id=Company%20Information) BitStrat Holdings Limited (formerly UTS MARKETING SOLUTIONS HOLDINGS LIMITED) announced its unaudited condensed consolidated interim results for the six months ended June 30, 2025 - The company name has changed from UTS MARKETING SOLUTIONS HOLDINGS LIMITED to **BitStrat Holdings Limited** (比特策略控股有限公司)[2](index=2&type=chunk) - This announcement presents the unaudited condensed consolidated interim results for the six months ended **June 30, 2025**[2](index=2&type=chunk) [Condensed Consolidated Financial Statements](index=1&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=1&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, the company experienced a decrease in both revenue and net profit, leading to a reduction in basic earnings per share Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (Six Months Ended June 30) | Indicator | 2025 (thousand MYR) | 2024 (thousand MYR) | | :--- | :--- | :--- | | Revenue | 45,224 | 46,479 | | Other income | 927 | 1,277 | | Other gains and losses | (198) | (127) | | Staff costs | (27,615) | (29,826) | | Depreciation | (2,672) | (2,401) | | Other operating expenses | (8,892) | (5,806) | | Operating profit | 6,774 | 9,596 | | Finance costs | (145) | (165) | | Profit before tax | 6,629 | 9,431 | | Income tax expense | (2,029) | (2,483) | | Profit and total comprehensive income for the period | 4,600 | 6,948 | | Basic earnings per share | 1.15 sen | 1.74 sen | [Condensed Consolidated Statement of Financial Position](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the company's total assets and net assets increased, with a rise in net current assets, despite a significant increase in current liabilities primarily due to a loan from the ultimate holding company Condensed Consolidated Statement of Financial Position (As of June 30) | Indicator | June 30, 2025 (thousand MYR) | December 31, 2024 (thousand MYR) | | :--- | :--- | :--- | | **Non-current assets** | | | | Property, plant and equipment | 4,699 | 4,530 | | Right-of-use assets | 4,798 | 4,962 | | Sublease receivables | – | 99 | | **Total non-current assets** | **9,497** | **9,591** | | **Current assets** | | | | Trade receivables | 23,815 | 21,290 | | Sublease receivables | 214 | 228 | | Other receivables | 3,168 | 3,100 | | Financial assets measured at amortized cost | 5,917 | 9,525 | | Tax recoverable | 728 | 632 | | Pledged bank deposits | 1,299 | 4,853 | | Bank and cash balances | 48,236 | 14,387 | | **Total current assets** | **83,377** | **54,015** | | **Current liabilities** | | | | Accruals and other payables | 6,007 | 5,630 | | Lease liabilities | 2,579 | 3,011 | | Loan from ultimate holding company | 33,706 | – | | Dividends payable | – | 9,451 | | Current tax liabilities | 606 | 290 | | **Total current liabilities** | **42,898** | **18,382** | | **Net current assets** | **40,479** | **35,633** | | **Total assets less current liabilities** | **49,976** | **45,224** | | **Non-current liabilities** | | | | Lease liabilities | 2,250 | 2,098 | | Deferred tax liabilities | 145 | 145 | | **Total non-current liabilities** | **2,395** | **2,243** | | **Net assets** | **47,581** | **42,981** | | **Total equity** | **47,581** | **42,981** | [Notes to the Condensed Consolidated Financial Statements](index=3&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) [General Information](index=3&type=section&id=General%20Information) The company, incorporated in the Cayman Islands, primarily provides outbound telemarketing services and customer contact center facilities for promoting financial products and related activities - The company was incorporated in the Cayman Islands as an exempted company with limited liability on **August 23, 2016**[4](index=4&type=chunk) - The Group is principally engaged in the provision of outbound telemarketing services and customer contact center facilities for the promotion of financial products[5](index=5&type=chunk) [Basis of Preparation](index=3&type=section&id=Basis%20of%20Preparation) The condensed consolidated financial statements are prepared in accordance with HKAS 34 and the Listing Rules, with accounting policies consistent with the 2024 annual consolidated financial statements - The condensed consolidated financial statements are prepared in accordance with **Hong Kong Accounting Standard 34** and the Listing Rules of the Stock Exchange[6](index=6&type=chunk) - The accounting policies and methods of computation used in preparing these financial statements are consistent with those used in the annual consolidated financial statements for the year ended December 31, 2024, except for specific amendments[6](index=6&type=chunk) [New and Revised HKFRSs](index=3&type=section&id=New%20and%20Revised%20HKFRSs) The Group first applied HKAS 21 amendments from January 1, 2025, without changing accounting policies or making retrospective adjustments, and did not early adopt other forthcoming standards - The Group first applied the amendments to **HKAS 21 "Lack of Exchangeability"** from January 1, 2025[7](index=7&type=chunk) - The Group did not change its accounting policies or make retrospective adjustments due to the adoption of the aforementioned amendments[7](index=7&type=chunk) - The Group has not early adopted any new or revised standards that have been issued but are not yet effective for the preparation of these condensed interim financial statements[8](index=8&type=chunk) [Fair Value Measurement](index=3&type=section&id=Fair%20Value%20Measurement) The carrying amounts of the Group's financial assets and liabilities approximate their respective fair values - The carrying amounts of the Group’s financial assets and financial liabilities as reflected in the condensed consolidated statement of financial position approximate their respective fair values[9](index=9&type=chunk) [Revenue and Segment Information](index=4&type=section&id=Revenue%20and%20Segment%20Information) The Group's revenue primarily derives from telemarketing services in Malaysia, and management considers there to be only one operating segment due to similar business risks - The Group's revenue is derived from telemarketing services in **Malaysia**[10](index=10&type=chunk) - The Group's chief operating decision-maker considers there to be only one operating segment, as it is principally engaged in telemarketing services in Malaysia and faces similar business risks[11](index=11&type=chunk) - All non-current assets and the Group's revenue from external customers during the period are located in Malaysia[12](index=12&type=chunk) [Other Operating Expenses](index=4&type=section&id=Other%20Operating%20Expenses) For the six months ended June 30, 2025, other operating expenses significantly increased, mainly due to a rise in consulting fees and legal and professional fees Other Operating Expenses (Six Months Ended June 30) | Item | 2025 (thousand MYR) | 2024 (thousand MYR) | | :--- | :--- | :--- | | Auditor's remuneration | 230 | 275 | | Event expenses | 1,290 | 1,329 | | Consulting fees | 3,521 | 608 | | Legal and professional fees | 598 | 143 | | Training expenses | 257 | 277 | | Repair and maintenance expenses | 292 | 273 | | Utilities expenses | 271 | 305 | | Others | 2,433 | 2,596 | | **Total** | **8,892** | **5,806** | [Income Tax Expense](index=5&type=section&id=Income%20Tax%20Expense) The Group calculates income tax in Malaysia at a statutory rate of 24% and makes no provision for profit tax in the Cayman Islands, BVI, and Hong Kong due to no assessable profits - Malaysia income tax is calculated at the statutory rate of **24%** based on the estimated assessable profit[15](index=15&type=chunk) - The Group has no assessable profits in the Cayman Islands, British Virgin Islands, and Hong Kong, thus no provision for profit tax is made[15](index=15&type=chunk) [Profit for the Period](index=5&type=section&id=Profit%20for%20the%20Period) Profit for the period is stated after deducting or including items such as gain on disposal of property, plant and equipment, modification loss on financial assets, impairment loss on financial assets, and staff costs Profit for the Period after Deducting/(Crediting) Items (Six Months Ended June 30) | Item | 2025 (thousand MYR) | 2024 (thousand MYR) | | :--- | :--- | :--- | | Gain on disposal of property, plant and equipment | (3) | (3) | | Modification loss on financial assets measured at amortized cost | 78 | 198 | | Impairment loss/(reversal of impairment loss) on financial assets measured at amortized cost | 6 | (99) | | Staff costs (including directors' emoluments) | | | | — Salaries, bonuses and allowances | 24,163 | 26,105 | | — Contributions to retirement benefit schemes | 3,059 | 3,303 | | — Social insurance contributions | 393 | 418 | | **Total staff costs** | **27,615** | **29,826** | - The Group recognized an impairment loss of approximately **MYR6,000** on financial assets measured at amortized cost during the period, compared to a reversal of impairment loss of MYR99,000 in the prior period, mainly due to a deterioration in financial condition and credit rating of loan advances[18](index=18&type=chunk) [Dividends](index=6&type=section&id=Dividends) The Board did not declare an interim dividend for the six months ended June 30, 2025 and 2024, while a special dividend was distributed in the prior period of 2024 Dividends (Six Months Ended June 30) | Item | 2025 (thousand MYR) | 2024 (thousand MYR) | | :--- | :--- | :--- | | Special dividend — HK$0.04 (equivalent to MYR0.024) per ordinary share | – | 9,808 | - The Board did not declare an interim dividend for the six months ended **June 30, 2025 and 2024**[19](index=19&type=chunk) [Earnings Per Share](index=6&type=section&id=Earnings%20Per%20Share) Basic earnings per share for the six months ended June 30, 2025, decreased to 1.15 sen from 1.74 sen in the prior year, with no diluted earnings per share presented due to the absence of dilutive potential ordinary shares Earnings Per Share (Six Months Ended June 30) | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Basic earnings per share | 1.15 sen | 1.74 sen | | Diluted earnings per share | Not applicable | Not applicable | - Basic earnings per share is calculated based on the profit attributable to owners of the company of approximately **MYR4,600,000** (2024: MYR6,948,000) and the weighted average number of ordinary shares in issue of **400,000,000 shares**[20](index=20&type=chunk) - There were no potential ordinary shares with dilutive effect during the period, so diluted earnings per share is not presented[21](index=21&type=chunk) [Property, Plant and Equipment](index=6&type=section&id=Property,%20Plant%20and%20Equipment) The Group's cost of purchasing property, plant and equipment increased during the period, and a gain was recognized from the disposal of assets with zero net book value - For the six months ended June 30, 2025, the Group purchased property, plant and equipment at a cost of approximately **MYR657,000**, an increase from MYR404,000 in the same period of 2024[22](index=22&type=chunk) - A gain on disposal of approximately **MYR3,000** was recognized from the disposal of property, plant and equipment with a net book value of approximately zero[22](index=22&type=chunk) [Right-of-Use Assets](index=6&type=section&id=Right-of-Use%20Assets) The Group entered into new lease agreements for office properties during the period, recognizing right-of-use assets and lease liabilities - The Group entered into several new lease agreements for the use of office properties for a term of **2 to 3 years**[23](index=23&type=chunk) - At the commencement of the leases, the Group recognized right-of-use assets of approximately **MYR2,020,000** and lease liabilities of approximately **MYR2,020,000**[23](index=23&type=chunk) [Trade Receivables](index=7&type=section&id=Trade%20Receivables) The Group's trade receivables typically have a 30-day credit period, with strict monitoring of overdue amounts, and total trade receivables at period-end were MYR23,815 thousand - The credit period for trade receivables is generally **30 days**, and the Group maintains strict control over overdue receivables[24](index=24&type=chunk) Ageing Analysis of Trade Receivables (As of Statement of Financial Position Date) | Ageing | June 30, 2025 (thousand MYR) | December 31, 2024 (thousand MYR) | | :--- | :--- | :--- | | 0 to 30 days | 14,371 | 8,247 | | 31 to 60 days | 4,688 | 6,820 | | 61 to 90 days | 3,110 | 3,068 | | 91 to 120 days | – | 882 | | 121 to 180 days | – | 1,050 | | Over 180 days | 1,646 | 1,223 | | **Total** | **23,815** | **21,290** | [Financial Assets Measured at Amortized Cost](index=7&type=section&id=Financial%20Assets%20Measured%20at%20Amortized%20Cost) The Group's financial assets measured at amortized cost primarily consist of loans advanced to independent third parties, with a decrease in total principal and recognition of impairment losses Financial Assets Measured at Amortized Cost (As of June 30) | Item | June 30, 2025 (thousand MYR) | December 31, 2024 (thousand MYR) | | :--- | :--- | :--- | | Loans receivable | 5,957 | 8,851 | | Interest receivable | – | 708 | | **Subtotal** | **5,957** | **9,559** | | Less: Impairment loss | (40) | (34) | | **Total** | **5,917** | **9,525** | | Analyzed as: Current assets | 5,917 | 9,525 | - The amounts refer to loans advanced to an independent third party, with a total principal amount of **MYR6,000,000** (December 31, 2024: MYR9,000,000)[26](index=26&type=chunk) - The advances are unsecured, bear interest at **12% per annum**, and are repayable on or before September 30, 2025; the second installment repayment date was extended, and the third installment was settled during the period[27](index=27&type=chunk) - An impairment loss of approximately **MYR6,000** was recognized for the six months ended June 30, 2025 (June 30, 2024: reversal of impairment loss of approximately MYR99,000)[28](index=28&type=chunk) [Loan from Ultimate Holding Company](index=8&type=section&id=Loan%20from%20Ultimate%20Holding%20Company) On June 27, 2025, Microhash International Pte Limited, the company's ultimate holding company, granted an unsecured, interest-free loan of approximately MYR33,706,000 to the company, repayable on demand - The ultimate holding company, Microhash International Pte Limited, granted a loan of approximately **MYR33,706,000** (equivalent to USD8,000,000) to the company on June 27, 2025[29](index=29&type=chunk) - The loan is unsecured, interest-free, and repayable on demand[29](index=29&type=chunk) [Share Capital](index=8&type=section&id=Share%20Capital) The company's authorized and issued and fully paid share capital remained unchanged during the reporting period, consisting of ordinary shares at HK$0.01 each Share Capital Structure (As of June 30, 2025) | Item | Number of Shares | Amount (thousand HKD) | Equivalent Amount (thousand MYR) | | :--- | :--- | :--- | :--- | | **Authorized share capital:** | | | | | Ordinary shares of HK$0.01 each | 10,000,000,000 | 100,000 | | | **Issued and fully paid share capital:** | | | | | Ordinary shares of HK$0.01 each | 400,000,000 | 4,000 | 2,199 | - The authorized share capital and issued and fully paid share capital remained unchanged from January 1, 2024, to June 30, 2025[30](index=30&type=chunk) [Related Party Transactions](index=9&type=section&id=Related%20Party%20Transactions) Total remuneration for the Group's key management personnel slightly decreased during the reporting period, comprising short-term employee benefits, retirement benefit scheme contributions, and social insurance contributions Key Management Personnel Remuneration (Six Months Ended June 30) | Item | 2025 (thousand MYR) | 2024 (thousand MYR) | | :--- | :--- | :--- | | Short-term employee benefits | 3,496 | 3,518 | | Contributions to retirement benefit schemes | 500 | 515 | | Social insurance contributions | 10 | 8 | | **Total remuneration paid to key management personnel** | **4,004** | **4,043** | [Share-based Payment Transactions](index=9&type=section&id=Share-based%20Payment%20Transactions) The Group adopted a share option scheme in 2017 to incentivize eligible participants, but no share options have been granted as of the publication date of these interim financial statements - The Group conditionally adopted a share option scheme on **June 14, 2017**, to incentivize eligible participants and enhance their performance efficiency[32](index=32&type=chunk) - The total number of shares that may be issued upon the exercise of all options granted under the scheme shall not exceed **10%** of the total issued shares[33](index=33&type=chunk) - No share options have been granted by the Group as of the publication date of the condensed consolidated financial statements[35](index=35&type=chunk) [Contingent Liabilities](index=9&type=section&id=Contingent%20Liabilities) As of June 30, 2025, the Group had no significant contingent liabilities - The Group had no significant contingent liabilities as of **June 30, 2025** (December 31, 2024: Nil)[36](index=36&type=chunk) [Management Discussion and Analysis](index=10&type=section&id=Management%20Discussion%20and%20Analysis) [Business Review](index=10&type=section&id=Business%20Review) The Group primarily operates telemarketing services and customer contact centers in Malaysia, with net profit decreasing year-on-year for the six months ended June 30, 2025, due to reduced revenue and increased operating expenses offsetting lower staff costs - The Group is principally engaged in the provision of outbound telemarketing services and customer contact center facilities for the promotion of financial products[37](index=37&type=chunk) - As of June 30, 2025, the Group operated **eight customer contact centers** in Kuala Lumpur, Malaysia, and one branch contact center in Melaka[37](index=37&type=chunk) - Net profit for the six months ended June 30, 2025, was approximately **MYR4.60 million**, a decrease of approximately MYR2.35 million compared to MYR6.95 million in the same period of 2024[37](index=37&type=chunk) - The decrease in net profit was mainly due to a reduction in revenue of approximately MYR1.26 million and an increase in other operating expenses of MYR3.09 million, which offset a decrease in staff costs of approximately MYR2.21 million[37](index=37&type=chunk) [Financial Review](index=10&type=section&id=Financial%20Review) During the reporting period, the Group experienced a slight decline in revenue, reduced other income, and increased other losses, while staff costs decreased due to fewer employees, but depreciation and other operating expenses rose, leading to a decline in both net profit and net profit margin [Revenue](index=10&type=section&id=Revenue) For the six months ended June 30, 2025, the Group's revenue slightly decreased, primarily due to a reduction in the number of service seats booked monthly, though revenue generated per seat remained stable Revenue by Industry Category (Six Months Ended June 30) | Industry Category | 2025 (thousand MYR) | 2024 (thousand MYR) | | :--- | :--- | :--- | | Insurance industry | 27,483 | 27,126 | | Banking and finance industry | 5,100 | 5,728 | | Others | 12,641 | 13,625 | | **Total** | **45,224** | **46,479** | - For the six months ended June 30, 2025, the Group's revenue was approximately **MYR45.22 million**, a decrease of approximately **2.71%** compared to MYR46.48 million in the same period of 2024[38](index=38&type=chunk) - The overall average number of service seats booked monthly decreased by **4.05%** to approximately **1,066 seats**, but the revenue generated per seat per month remained relatively stable at **MYR7,071** (2024: MYR6,972)[39](index=39&type=chunk)[40](index=40&type=chunk) [Other Income](index=11&type=section&id=Other%20Income) For the six months ended June 30, 2025, other income decreased, mainly due to a reduction in imputed and accrued interest income from loan advances - Other income decreased by approximately **MYR0.35 million**, primarily due to a reduction in imputed and accrued interest income from loan advances[41](index=41&type=chunk) [Other Gains and Losses](index=11&type=section&id=Other%20Gains%20and%20Losses) For the six months ended June 30, 2025, other losses increased by approximately MYR71,000 compared to the same period last year - Other losses increased by approximately **MYR71,000** compared to the same period in 2024[42](index=42&type=chunk) [Staff Costs](index=11&type=section&id=Staff%20Costs) For the six months ended June 30, 2025, staff costs decreased due to a reduction in the average number of employees, while the total monthly cost per employee remained stable - Staff costs decreased by approximately **MYR2.21 million (7.41%)** from approximately MYR29.83 million to approximately MYR27.62 million[43](index=43&type=chunk) - The average number of employees per month decreased from **1,330 to 1,233**[43](index=43&type=chunk) - The total staff cost per employee per month remained relatively stable at approximately **MYR3,733** (2024: MYR3,738)[43](index=43&type=chunk) [Depreciation](index=11&type=section&id=Depreciation) For the six months ended June 30, 2025, depreciation expense increased, primarily due to the renewal of new lease agreements for office properties - Depreciation expense increased by approximately **MYR0.27 million (11.25%)** to approximately MYR2.67 million[44](index=44&type=chunk) - The increase was mainly due to the renewal of new lease agreements for the use of office properties during the review period[44](index=44&type=chunk) [Other Operating Expenses](index=12&type=section&id=Other%20Operating%20Expenses) For the six months ended June 30, 2025, other operating expenses significantly increased, mainly due to higher consulting costs incurred to improve telemarketing service performance - Other operating expenses increased by approximately **MYR3.08 million (53.01%)** to approximately MYR8.89 million[45](index=45&type=chunk) - The increase was mainly due to higher consulting costs related to analytical reviews aimed at improving the Group's telemarketing service performance and manpower deployment[45](index=45&type=chunk) [Finance Costs](index=12&type=section&id=Finance%20Costs) For the six months ended June 30, 2025, finance costs decreased, primarily due to reduced utilization of overdraft facilities - Finance costs decreased by approximately **MYR20,000** to approximately MYR0.14 million[46](index=46&type=chunk) - The decrease was due to reduced utilization of overdraft facilities[46](index=46&type=chunk) [Income Tax Expense](index=12&type=section&id=Income%20Tax%20Expense) The Group recorded a provision for income tax expense during the reporting period, which was lower than in the prior year Provision for Income Tax Expense (Six Months Ended June 30) | Year | Provision for Income Tax Expense (million MYR) | | :--- | :--- | | 2025 | 2.03 | | 2024 | 2.48 | [Profit and Net Profit Margin](index=12&type=section&id=Profit%20and%20Net%20Profit%20Margin) Affected by the aforementioned factors, the Group's net profit and net profit margin both declined during the period Profit and Net Profit Margin (Six Months Ended June 30) | Year | Profit After Tax (million MYR) | Net Profit Margin | | :--- | :--- | :--- | | 2025 | 4.60 | 10.17% | | 2024 | 6.95 | 14.95% | [Liquidity, Financial Resources and Capital Structure](index=12&type=section&id=Liquidity,%20Financial%20Resources%20and%20Capital%20Structure) The Group primarily relies on internal funds for operational needs, maintaining a sound liquidity position, though effective interest rates for bank facilities and lease liabilities have fluctuated [Financial Resources](index=12&type=section&id=Financial%20Resources) The Group primarily uses internally generated funds to meet working capital requirements, with net cash inflow from operating activities decreasing during the period, but still able to fulfill repayment obligations - The Group generally meets its working capital requirements and capital expenditures for plant and equipment with its internally generated funds[49](index=49&type=chunk) - For the six months ended June 30, 2025, the Group generated net cash inflow from operating activities of approximately **MYR4.60 million** (2024: MYR6.58 million)[49](index=49&type=chunk) - The Group is able to meet its repayment obligations when debts fall due and has not experienced any significant difficulties in rolling over existing bank facilities[49](index=49&type=chunk) [Bank Facilities and Lease Liabilities](index=13&type=section&id=Bank%20Facilities%20and%20Lease%20Liabilities) The Group's available and unutilized bank facilities significantly decreased, with a lower average effective interest rate; total lease liabilities slightly decreased, with a marginal increase in the average effective interest rate - As of June 30, 2025, the Group's available and unutilized bank facilities were approximately **MYR1.37 million** (December 31, 2024: MYR16.1 million)[50](index=50&type=chunk) - The average effective interest rate for the Group's bank facilities was **2.85%** (December 31, 2024: 9.02%)[50](index=50&type=chunk) - As of June 30, 2025, the Group's current and non-current lease commitments totaled approximately **MYR4.83 million** (December 31, 2024: MYR5.11 million)[50](index=50&type=chunk) - The average effective interest rate for leases was **4.86%** (December 31, 2024: 4.81%)[50](index=50&type=chunk) [Pledge of Assets](index=13&type=section&id=Pledge%20of%20Assets) The Group's bank facilities are secured by pledged bank deposits, with the pledged amount significantly reduced compared to the end of last year - As of June 30, 2025, the Group's bank facilities were secured by pledged bank deposits of approximately **MYR1.30 million** (December 31, 2024: MYR4.85 million)[51](index=51&type=chunk) [Gearing Ratio](index=13&type=section&id=Gearing%20Ratio) The Group's gearing ratio decreased, indicating a sound liquidity position - The Group's gearing ratio as of June 30, 2025, was approximately **10.1%** (December 31, 2024: 11.9%)[52](index=52&type=chunk) - The Group maintains a sound liquidity position to meet its operational needs[52](index=52&type=chunk) [Factors Affecting Operating Results and Financial Position](index=14&type=section&id=Factors%20Affecting%20Operating%20Results%20and%20Financial%20Position) The Group faces risks related to labor cost control and delayed settlement of accounts by major customers, and has implemented measures to manage these risks [Ability to Obtain Sufficient Labor and Control Staff Costs](index=14&type=section&id=Ability%20to%20Obtain%20Sufficient%20Labor%20and%20Control%20Staff%20Costs) As a labor-intensive business, the Group's staff costs represent a high proportion of revenue, and it attracts and retains employees through performance-linked commissions and training - The customer contact services industry is a service-based and labor-intensive business[53](index=53&type=chunk) - For the six months ended June 30, 2025, total staff costs were approximately **MYR27.62 million**, accounting for **61.1% of revenue** (2024: 64.2%)[53](index=53&type=chunk) - The Group attracts and retains employees and improves service quality through performance-linked commissions, incentives, and regular training[54](index=54&type=chunk) [Delayed Settlement of Accounts by Top Five Customers](index=14&type=section&id=Delayed%20Settlement%20of%20Accounts%20by%20Top%20Five%20Customers) The Group's revenue is highly dependent on a few major customers, posing a risk of delayed payments, which is managed through strict monitoring of trade receivables collection - Sales to the top five customers accounted for approximately **69.7%** of total revenue for the six months ended June 30, 2025 (2024: 73.7%), all of whom are insurance companies and charitable organizations[55](index=55&type=chunk) - The Group may be exposed to the risk of delayed payments from customers and has monitored the recovery of trade receivables from time to time[55](index=55&type=chunk) - As of June 30, 2025, the Group recorded trade receivables of approximately **MYR23.8 million**, of which approximately **MYR14.7 million (61.3%)** was settled after the period-end[55](index=55&type=chunk) [Capital Commitments](index=15&type=section&id=Capital%20Commitments) As of June 30, 2025, and December 31, 2024, the Group had no significant capital commitments contracted but not yet incurred - As of **June 30, 2025, and December 31, 2024**, the Group had no significant capital commitments contracted but not yet incurred[56](index=56&type=chunk) [Contingent Liabilities](index=15&type=section&id=Contingent%20Liabilities) The Group had no significant contingent liabilities as of June 30, 2025 - The Group had no significant contingent liabilities as of **June 30, 2025**[57](index=57&type=chunk) [Advances to an Entity](index=15&type=section&id=Advances%20to%20an%20Entity) The Group advanced MYR12,000,000 to Mightyprop, of which MYR6,000,000 has been repaid, with the remaining MYR6,000,000 due by September 30, 2025, accruing interest at 12% per annum - UTSM, a wholly-owned subsidiary of the Group, advanced **MYR12,000,000** to Mightyprop, originally for the acquisition of a 2% equity interest in Mightyprop, but the acquisition did not proceed[58](index=58&type=chunk) - Mightyprop repaid **MYR3,000,000** each in December 2024 and June 2025, with the remaining **MYR6,000,000** due on or before September 30, 2025, accruing interest at **12% per annum**[59](index=59&type=chunk) - As of June 30, 2025, the total principal amount of the Group's advances to Mightyprop was **MYR6 million**[60](index=60&type=chunk) [Employees and Remuneration Policy](index=16&type=section&id=Employees%20and%20Remuneration%20Policy) The Group's employee count decreased, and its remuneration policy includes fixed salaries, performance-linked commissions, allowances, and annual bonuses, increments, and promotions based on performance evaluations - As of June 30, 2025, the Group had **1,228 employees** (June 30, 2024: 1,326 employees)[61](index=61&type=chunk) - Total staff costs for the six months ended June 30, 2025, were approximately **MYR27.62 million** (2024: MYR29.83 million)[61](index=61&type=chunk) - The remuneration policy includes fixed salaries, performance-linked commissions and allowances, and annual discretionary performance bonuses, salary increments, and promotions based on performance evaluations[61](index=61&type=chunk) [Foreign Exchange Risk](index=16&type=section&id=Foreign%20Exchange%20Risk) The Group primarily conducts business transactions in Malaysian Ringgit, exposing it to minor foreign exchange risk, with no current hedging policy, but management closely monitors the risk - The Group primarily conducts business transactions, assets, and liabilities in **Malaysian Ringgit**, exposing it to minor foreign exchange risk[62](index=62&type=chunk) - The Group currently has no hedging policy for foreign exchange transactions, assets, and liabilities, but management closely monitors foreign exchange risk from time to time[62](index=62&type=chunk) [Material Investments Held](index=16&type=section&id=Material%20Investments%20Held) As of June 30, 2025, the Group held no material investments - As of **June 30, 2025**, the Group held no material investments[63](index=63&type=chunk) [Future Plans for Material Investments or Capital Assets](index=16&type=section&id=Future%20Plans%20for%20Material%20Investments%20or%20Capital%20Assets) Except as disclosed in this announcement, there are no other specific plans for material investments or capital assets as of June 30, 2025 - As of **June 30, 2025**, there are no other specific plans for material investments or capital assets, except as disclosed in this announcement[64](index=64&type=chunk) [Material Acquisitions or Disposals](index=16&type=section&id=Material%20Acquisitions%20or%20Disposals) For the six months ended June 30, 2025, the Group had no material acquisitions or disposals - For the six months ended **June 30, 2025**, the Group had no material acquisitions or disposals[65](index=65&type=chunk) [Recent Developments and No Material Adverse Changes](index=17&type=section&id=Recent%20Developments%20and%20No%20Material%20Adverse%20Changes) The company's name change became effective on July 2, 2025, and there have been no material adverse changes in business operations since December 31, 2024 - The company passed a special resolution on June 26, 2025, to change its English name to **BitStrat Holdings Limited** and adopt the Chinese dual foreign name 比特策略控股有限公司, effective **July 2, 2025**[66](index=66&type=chunk) - There have been no material adverse changes in the Group's business operations since **December 31, 2024**[66](index=66&type=chunk) [Outlook and Future Prospects](index=17&type=section&id=Outlook%20and%20Future%20Prospects) The Group anticipates a robust overall outlook for the second half of 2025, continuing efforts to enhance productivity and actively seeking new collaboration opportunities and digital currency-related business ventures for long-term development - The Group expects the overall outlook for the second half of 2025 to remain **sound and resilient**, provided there are no significant changes in existing outbound telemarketing service seats[67](index=67&type=chunk) - The Group continues to identify potential opportunities to increase the number of service seats through collaboration with new database owners, new insurance companies, or Islamic banks[67](index=67&type=chunk) - The Group is also actively exploring business opportunities and investments related to **digital currencies** to improve long-term development[67](index=67&type=chunk) [Dividends](index=17&type=section&id=Dividends) The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025 - The Board does not recommend the payment of an interim dividend for the six months ended **June 30, 2025** (June 30, 2024: Nil)[68](index=68&type=chunk) [Events After Reporting Period](index=17&type=section&id=Events%20After%20Reporting%20Period) No significant events occurred after June 30, 2025, and up to the date of this announcement, other than those disclosed herein - No significant events occurred after **June 30, 2025**, and up to the date of this announcement[69](index=69&type=chunk) [Purchase, Sale or Redemption of Shares](index=17&type=section&id=Purchase,%20Sale%20or%20Redemption%20of%20Shares) For the six months ended June 30, 2025, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities - For the six months ended **June 30, 2025**, neither the company nor any of its subsidiaries purchased, sold, or redeemed any of the company's listed securities[70](index=70&type=chunk) [Other Information](index=18&type=section&id=Other%20Information) [Competing Interests](index=18&type=section&id=Competing%20Interests) For the six months ended June 30, 2025, no director, controlling shareholder, or their close associates held any business or interest that directly or indirectly competes with the Group's business - For the six months ended June 30, 2025, none of the Directors, controlling shareholders of the company, or any of their respective close associates owned any business or interest that competes or may compete, directly or indirectly, with the Group's business[71](index=71&type=chunk) [Sufficiency of Public Float](index=18&type=section&id=Sufficiency%20of%20Public%20Float) The company has restored the minimum public float of 25% required by the Listing Rules through a private placement, after it was previously insufficient due to a mandatory cash offer - Immediately following the close of the offer on June 13, 2025, the public held approximately **16.24%** of the issued share capital, which was below the minimum requirement[72](index=72&type=chunk) - Through a private placement of **35,028,000 shares**, the company has restored the minimum public float of **25%** as required by Rule 8.08(1)(a) of the Listing Rules[73](index=73&type=chunk) [Standard Code for Securities Transactions](index=19&type=section&id=Standard%20Code%20for%20Securities%20Transactions) The company has adopted the Model Code set out in Appendix C3 of the Listing Rules, and all directors confirmed compliance with the code during the reporting period - The company has adopted the Model Code for Securities Transactions by Directors of Listed Issuers as set out in **Appendix C3** of the Listing Rules[75](index=75&type=chunk) - Following specific enquiries made to all Directors, they have confirmed that they have complied with the required standards set out in the Model Code for the six months ended **June 30, 2025**[75](index=75&type=chunk) [Corporate Governance Code](index=19&type=section&id=Corporate%20Governance%20Code) The company is committed to maintaining good corporate governance standards, with deviations from code provisions regarding the combined roles of Chairman and Chief Executive and the lack of an independent internal audit function, which the Board believes are effective arrangements - The company has complied with the code provisions of the Corporate Governance Code as set out in **Appendix C1** of the Listing Rules, with two deviations[76](index=76&type=chunk) - Deviation one: The roles of Chairman and Chief Executive are not segregated, both held by Mr. Lo Cho Chun, but the Board believes this structure does not impair the balance of power[76](index=76&type=chunk) - Deviation two: The company does not have an independent internal audit function, but the Board believes the existing financial team's regular reviews and risk management system are effective[76](index=76&type=chunk) [Audit Committee](index=20&type=section&id=Audit%20Committee) The company's Audit Committee, comprising three independent non-executive directors, has reviewed the interim results for the six months ended June 30, 2025, without raising any objections - The company established an Audit Committee on **June 14, 2017**, comprising three independent non-executive directors, with Mr. Cheuk Ho Kan as Chairman[77](index=77&type=chunk) - The Audit Committee has reviewed the interim results for the six months ended **June 30, 2025**, and has not raised any objections regarding the accounting treatments adopted by the Group[77](index=77&type=chunk) - These interim results have been reviewed by the company's auditor, RSM Hong Kong, in accordance with **Hong Kong Standard on Review Engagements 2410**[78](index=78&type=chunk) [Publication of Financial Information](index=20&type=section&id=Publication%20of%20Financial%20Information) This interim results announcement has been published on the HKEX and company websites, and the interim report will be dispatched to relevant shareholders and published on the aforementioned websites in due course - This interim results announcement is published on the HKEX website (www.hkexnews.hk) and the company's website (www.bitstrat.hk)[79](index=79&type=chunk) - The company's interim report for the six months ended June 30, 2025, will be dispatched to relevant shareholders who have requested it and published on the aforementioned websites in due course[79](index=79&type=chunk) [Board Information](index=20&type=section&id=Board%20Information) As of the announcement date, the Board comprises three executive directors and three independent non-executive directors, with Mr. Lo Cho Chun serving as Chairman and Executive Director - As of the date of this announcement, the Board includes three executive directors (Mr. Lo Cho Chun, Mr. Chan Ka Chun, and Mr. Lee Koon Yew) and three independent non-executive directors (Ms. Lau Mei, Mr. Cheuk Ho Kan, and Mr. Choi Yun Kai)[81](index=81&type=chunk) - Mr. Lo Cho Chun serves as the **Chairman and Executive Director**[80](index=80&type=chunk)[81](index=81&type=chunk)

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。 和鉑醫藥控股有限公司 HBM Holdings Limited （於開曼群島註冊成立的有限公司） （股份代號：02142） 截至二零二五年六月三十日止半年度的 中期業績公告 和鉑醫藥控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董 事」）會（「董事會」）欣然公佈本集團截至二零二五年六月三十日止半年度（「報告 期」）的未經審核綜合業績。該等業績已由本公司的審核委員會審閱（「審核委員 會」）。 於本公告內，「我們」指本公司，惟倘文義另有所指，則指本集團。 1 | | 截至六月三十日止半年度 | | | --- | --- | --- | | | 二零二五年 | 二零二四年 | | | 千美元 | 千美元 | | | （未經審核） | （未經審核） | | 收入 | 101,315 | 23,701 | | 銷售成本 | (4,855) | (1,185) | | 其他收入及收益 | 6,1 ...

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 之 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 份 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 雅居投資控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：08426） 截 至2025年6月30日 止 六 個 月 之 中 期 業 績 公 告 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM的 特 色 GEM的 定 位，乃 為 中 小 型 公 司 提 供 一 個 上 市 的 市 場，此 等 公 司 相 比 起 其 他 在 主 板 上 市 的 公 司 帶 有 較 高 投 資 風 險。有 意 投 資 的 人 士 應 了 解 投 資 於 該 等 公 司 的 潛 在 風 險，並 應 經 過 審 慎 周 詳 的 考 慮 後 方 作 出 投 資 決 定。 由 於GEM上 市 公 司 普 遍 為 中 小 型 ...