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。 ROYAL DELUXE HOLDINGS LIMITED 御佳控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：3789） 截至二零二五年九月三十日止六個月 之未經審核中期業績公告 財務摘要 | | 截至九月三十日止六個月 | | | | --- | --- | --- | --- | | | 二零二五年 | 二零二四年 | | | | 千港元 | 千港元 | 百分比變動 | | | （未經審核） | （未經審核） | | | 財務摘要 | | | | | 收益 | 347,344 | 335,631 | 3.5% | | 毛利 | 19,273 | 19,326 | (0.3%) | | 毛利率 | 5.5% | 5.8% | (5.2%) | | 本公司擁有人應佔溢利╱（虧損） | 3,684 | (2,920) | 不適用 | | | 於二零二五年 | 於二零二五年 | | | | ...

Financial Performance - The company's unaudited revenue for the six months ended September 30, 2025, was approximately HKD 126.1 million, a decrease of about 62.8% compared to approximately HKD 338.7 million in the same period last year[13] - The unaudited loss attributable to the owners of the company decreased from approximately HKD 10.2 million in the previous year to approximately HKD 7.8 million, primarily due to reductions in employee costs, professional fees, and rental expenses[13] - The gross loss for the period was approximately HKD 73,000, mainly due to a one-time inventory impairment of approximately HKD 2.555 million[13] - Revenue for the six months ended September 30, 2025, was HKD 126,071,000, a decrease of 62.8% compared to HKD 338,745,000 for the same period in 2024[29] - Gross loss for the period was HKD 73,000, compared to a gross profit of HKD 3,454,000 in the previous year[29] - Operating loss for the six months was HKD 5,368,000, an improvement from the operating loss of HKD 8,681,000 in 2024[29] - Loss attributable to the owners of the company was HKD 7,785,000, down from HKD 10,205,000 in the same period last year[30] - Total comprehensive loss for the period was HKD 10,192,000, compared to HKD 12,242,000 in 2024[30] - The group recorded a total segment loss of HKD 7,362,000 for the six months ended September 30, 2025, compared to a loss of HKD 7,996,000 for the same period last year[45] Revenue Breakdown - The company's revenue contributions from the U.S. and China were approximately 7.9% and 91.6%, respectively, with the remaining 0.5% from other markets[15] - The group's unaudited revenue from natural gas sales decreased by approximately 66.4% to about HKD 107,800,000 (2024: HKD 321,000,000) due to significant fluctuations in international gas prices[17] - The unaudited revenue from the power and data cable business slightly increased by approximately 3.4% to about HKD 18,300,000 (2024: HKD 17,700,000), indicating stable business performance[18] - Revenue from the sale of finished oil and chemical products was HKD 107,775,000, a decrease of 66.5% compared to HKD 321,024,000 for the same period last year[46] Financial Position - As of September 30, 2025, the group's total debt was approximately HKD 80,300,000 (March 31, 2025: HKD 72,900,000), with cash and bank balances of about HKD 24,300,000 (March 31, 2025: HKD 20,900,000)[23] - The group's debt-to-asset ratio as of September 30, 2025, was approximately 63.7% (March 31, 2025: 66.0%) indicating a slight improvement in financial stability[23] - Current liabilities exceeded current assets by HKD 54,186,000 as of September 30, 2025, compared to HKD 49,773,000 as of March 31, 2025[31] - Total liabilities amounted to HKD 131,602,000, an increase from HKD 117,336,000 as of March 31, 2025[31] - The group has committed to measures aimed at improving liquidity and ensuring the ability to continue as a going concern, including funding commitments from the controlling shareholder[39] Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 24,342,000 from HKD 20,927,000 at the beginning of the period[35] - Net cash used in operating activities was HKD 2,172,000, compared to a net cash inflow of HKD 2,930,000 in the previous year[35] - The group's financing costs increased to HKD 3,557,000 for the six months ended September 30, 2025, compared to HKD 3,487,000 for the same period last year[48] Share Capital and Ownership - The authorized share capital as of September 30, 2025, was 10,000,000,000 shares with a total value of HKD 40,000,000[61] - The total number of shares available for issuance under the 2021 plan is 253,346,545, which represents 9.4% of the total issued shares[66] - The total number of shares held by major shareholders includes 1,750,549,090 shares owned by Baine Holdings, representing 64.968% of the issued share capital[71] - Mr. Sun Jiusheng controls 1,501,078,281 shares, accounting for 55.710% of the issued share capital[72] - 富盈投资（香港）持有公司股份217,507,014股，占总股本的8.072%[73] - New Origins Limited持有公司股份31,963,795股，占总股本的1.186%[73] - 张叶生先生直接持有161,000,000股股份，占总股本的5.975%[77] Business Strategy and Future Plans - The group plans to focus on the "wind-solar-storage" sector as a new growth curve while maintaining its core natural gas business, aiming for a dual-main business strategy[19] - The group is exploring innovative businesses such as "excess electricity hydrogen production" and "green methanol" to maximize energy utilization and value[20] - The group will continue to seek further development opportunities in the energy sector through investments or acquisitions[21] Corporate Governance - The company has not granted any stock options under the 2021 stock option plan during the interim period[65] - The company has no arrangements to allow directors and major shareholders to profit from acquiring shares or bonds of the company or any other entity during the interim period[69] - 本公司在中期期间内未与任何董事签订重大合约[79] - 本公司在中期期间内未订立任何管理合约[80] - 本公司董事及控股股东在竞争业务中未持有任何权益[81]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 1,188,138,000, representing a 13.6% increase from HKD 1,046,126,000 in the same period of 2024[3] - Gross profit decreased to HKD 89,982,000, down 20.0% from HKD 112,417,000 year-over-year[3] - Operating loss improved to HKD 25,474,000 compared to a loss of HKD 542,494,000 in the previous year, indicating a significant reduction in losses[3] - Loss attributable to owners of the company was HKD 46,882,000, a decrease from HKD 562,895,000 in the prior year[4] - Basic and diluted loss per share for the period was HKD 0.087, compared to HKD 1.30 in the previous year[4] - The company recorded a total loss before tax of HKD 46,537 for the six months ended September 30, 2025, significantly improved from a loss of HKD 576,370 in the same period last year[16] - The group's revenue for the six months ended September 30, 2025, was approximately HKD 1,188,100,000, an increase of about 13.6% compared to approximately HKD 1,046,100,000 in the same period last year[49] Segment Performance - Revenue from external customers for the automotive distribution segment reached HKD 1,071,093, an increase from HKD 862,699 in the previous period, representing a growth of 24.2%[14] - The operating performance for the automotive distribution segment improved to HKD 494 from a loss of HKD 339,236 in the previous year, indicating a significant turnaround[14] - The segment for non-automotive distribution reported a revenue of HKD 85,754, a decline from HKD 146,247, representing a decrease of 41.3%[14] - The automotive distribution segment generated revenue of approximately HKD 1,035,900,000, a growth of about 26.3% from approximately HKD 819,900,000 in the previous fiscal period[42] - Rolls-Royce sales reached approximately HKD 489,900,000, a significant increase of about 103.9% compared to approximately HKD 240,200,000 in the same period last year, with 76 units sold, up 94.9% from 39 units[42] - The non-automotive distribution segment's revenue decreased by approximately 41.6% to about HKD 85,400,000 from approximately HKD 146,200,000 in the previous fiscal period[44] Assets and Liabilities - Total assets decreased to HKD 1,183,263,000 from HKD 1,120,204,000 as of March 31, 2025[5] - Current liabilities decreased to HKD 589,013,000 from HKD 722,669,000, reflecting improved liquidity[5] - The company reported a total segment asset value of HKD 1,303,181 as of September 30, 2025, compared to HKD 1,519,893 in the previous year, reflecting a decrease of 14.3%[15] - The total liabilities of the company amounted to HKD 780,506 as of September 30, 2025, compared to HKD 937,559 in the previous year, indicating a reduction of 16.7%[15] - Total bank loans as of September 30, 2025, were HKD 164,365,000, down from HKD 219,204,000 as of March 31, 2025[39] - The company's debt decreased by approximately 39.7% to about HKD 317,600,000 from approximately HKD 526,800,000 as of March 31, 2025, with a significant reduction in bank loans and other loans used for purchasing automobile inventory[60] Expenses and Costs - Financing costs decreased to HKD 21,063 for the six months ended September 30, 2025, down from HKD 33,876 in the prior period, a reduction of 38.1%[19] - Sales and agency costs decreased by approximately 23.8% to about HKD 92,600,000 from approximately HKD 121,500,000 in the previous fiscal year, primarily due to reduced advertising and marketing expenses as well as decreased depreciation of properties, machinery, and equipment[52] - Administrative expenses decreased by approximately 61.2% to about HKD 17,800,000 from approximately HKD 45,700,000 for the six months ended September 30, 2024, mainly due to a reduction in legal and professional fees related to litigation during the review period[53] - Financing costs decreased by approximately 37.8% to about HKD 21,100,000 from approximately HKD 33,900,000 for the six months ended September 30, 2024, due to timely repayment of bank loans and a decrease in automobile inventory[54] Investments and Shareholder Actions - The company invested HKD 9,633 in non-current segment assets during the period, consistent with the previous year's investment[15] - The group holds 17,000,000 shares of Bang & Olufsen A/S, representing approximately 11.54% of the total issued shares, after acquiring 840,000 shares for about DKK 11,200,000 (approximately HKD 13,500,000)[47] - The group's investment in Bang & Olufsen increased by approximately 21.2% to about HKD 253,600,000, primarily due to share acquisitions during the fiscal period[46] - The company issued a total of 74,879,418 shares at a subscription price of HKD 0.64 per share, raising a net amount of approximately HKD 46,400,000 from the 2024 subscription[69] - As of September 30, 2025, the net proceeds from the fundraising activities amounted to HKD 36.8 million, with HKD 28.8 million utilized and HKD 8.0 million remaining unutilized[71] - The company has adopted a new share incentive plan effective September 29, 2025, replacing the previous share option plan[87] Legal and Governance Matters - The company is committed to maintaining high standards of corporate governance and has complied with applicable codes[94] - The audit committee reviewed the unaudited consolidated financial statements for the six months ended September 30, 2025, and confirmed compliance with applicable accounting standards and adequate disclosures[95] - The company has initiated legal proceedings against the first borrower for the recovery of the outstanding principal amount of HKD 58 million and accrued interest[77] - A bankruptcy petition against the guarantor was submitted on September 2, 2025, with a court hearing scheduled for December 2, 2025[80] - The company has initiated legal proceedings to recover a loan of HKD 32,000,000 from a second borrower due to default[82] - The second borrower was declared bankrupt on February 6, 2024, and the bankruptcy trustee is responsible for asset distribution[82] Other Information - The financial report was authorized for publication on November 27, 2025, and is prepared in accordance with the applicable disclosure provisions of the Listing Rules[8] - There were no significant events occurring after the reporting period up to the announcement date[96] - The company and its subsidiaries did not purchase, sell, or redeem any of the company's listed securities during the six months ended September 30, 2025[97] - The interim results announcement and interim report will be available on the Hong Kong Stock Exchange website and the company's website[98] - As of the announcement date, the company has one executive director and three independent non-executive directors[99]

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 不 會 就 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的任何損失承擔任何責任。 RELIANCE GLOBAL HOLDINGS LIMITED 信保環球控股有限公司* （於百慕達註冊成立之有限公司） （股份代號：723） 截至二零二五年九月三十日止六個月之 未經審核中期業績公佈 信 保 環 球 控 股 有 限 公 司（「本公司」）董 事 會（「董事會」或「董 事」）謹 此 公 佈 本 公 司 及 其 附 屬 公 司（統 稱「本集團」）截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月 之 未 經 審 核 簡明綜合業績，連同比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二五年九月三十日止六個月 | | | | | | | | | | 截至九月三十日止六個月 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 二零二四年 | | | ...

麥迪森控股集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：08057） Madison Holdings Group Limited 截 至2025年9月30日 止6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聯交 所主板上市的公司帶有較高投資風險。有意投資者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可作出投資決定。 由 於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通 量的市場。 香港交易所及結算有限公司及聯交所對本中期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中期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之任何損失承擔任何責任。 本公告乃遵照聯交所GEM證 券 上 市 規 則（「GEM上市規則」）而 刊 載，旨 在 提 供 有 關 麥迪森控股集團有限公司（「本公司」）的資料，本公司的董事（「董事」）願就此共同及 個別地承擔 ...

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 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。 Minshang Creative Technology Holdi ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）對 本 公 告 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 表 明 不 就 本 公 告 全 部 或 任 何 部 份 內 容 產 生 或 因 倚 賴 該 等 內 容 引 致 的 任 何 損 失 承 擔 任 何 責 任。 FAR EAST HOTELS AND ENTERTAINMENT LIMITED 遠東酒店實業有限公司 （於香港註冊成立之有限公司） （股份代號：00037） 截至二零二五年九月三十日止六個月中期業績公告 中期業績 遠 東 酒 店 實 業 有 限 公 司（「本 公 司」）董 事 會（分 別 為「董 事」及「董 事 會」）宣 佈，本 公 司 及 其 附 屬 公 司（「本 集 團」）截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月（「本 期 間」） 之 未 經 審 核 簡 明 綜 合 財 務 業 績 連 同 相 關 比 較 數 字 如 下： 簡明綜合損益及其他全面收益表 截至二零二五年九月三十日止六個月 | | | | 截 ...

BINGO GROUP HOLDINGS LIMITED 比高集團控股有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股 份 代 號：8220） 截至二零二五年九月三十日止六個月之 中期業績公告 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM之特色 GEM乃為較於聯交所上市之其他公司帶有更高投資風險之公司提供上 市 之 市 場。有 意 投 資 者 應 瞭 解 投 資 於 該 等 公 司 之 潛 在 風 險，並 應 經 過 審 慎 周 詳 之 考 慮 後 方 作 出 投 資 決 定。基 於GEM之 較 高 風 險 及 其 他 特 色， GEM較 適 合 專 業 及 其 他 經 驗 豐 富 之 投 資 者。 由 於GEM上 市 公 司 普 遍 為 中 小 型 公 司，在GEM買賣的證券可能會較於 聯 交 所 主 板 買 賣 之 證 券 承 受 較 大 的 市 場 波 動 風 險，同 時 無 法 保 證 在 GEM買 賣 的 證 券 會 有 高 流 通 量 的 市 場。 香 港 交 易 及 結 算 所 有 限 公 司 及 聯 交 所 對 本 公 告 之 內 容 概 不 負 ...

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。 Dragon Rise Group Holdings Limited 龍昇集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：6829） 截至二零二五年九月三十日止六個月 中期業績公佈 財務摘要 龍 昇 集 團 控 股 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）欣 然 呈 列 本 公 司 及 其 附 屬 公 司（統 稱「本集團」）截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月（「報告期間」） 的未經審核中期業績，連同二零二四年相應期間的未經審核比較數字。 – 1 – • 於報告期間本集團的收益約為486.3百 萬 港 元（截 至 二 零 二 四 年 九 月 三 十 日止六個月：約471.8百 萬 港 元）。 • 於報告期間本公司權益持有人應佔溢利約為5.3百 萬 港 元（截 至 二 零 二 四 年九 ...

Financial Performance - The group recorded unaudited revenue of approximately HKD 92.6 million for the six months ended September 30, 2025, representing an increase of about 2.6% compared to HKD 90.2 million for the same period in 2024[9]. - Profit attributable to owners of the company for the six months ended September 30, 2025, was approximately HKD 4.4 million, reflecting a growth of approximately 100.7% from HKD 2.2 million in the same period of 2024[9]. - Gross profit for the six months ended September 30, 2025, was HKD 20.7 million, slightly down from HKD 20.7 million in the same period of 2024[10]. - The total comprehensive income attributable to owners of the company for the period was HKD 4.0 million, compared to HKD 1.8 million for the same period in 2024[10]. - The company reported a net profit of HKD 4,369,000 for the six months ended September 30, 2025, compared to a profit of HKD 2,177,000 for the same period in 2024, representing an increase of 100%[18]. - Total comprehensive income for the six months ended September 30, 2025, was HKD 4,029,000, up from HKD 1,779,000 in the previous year, indicating a growth of 126%[18]. Dividends and Shareholder Returns - The board of directors did not recommend the payment of any dividend for the six months ended September 30, 2025, consistent with the previous year[9]. - Basic earnings per share for the six months ended September 30, 2025, were HKD 4,369,000, compared to HKD 2,177,000 in 2024, reflecting an increase of approximately 100%[52]. - The company did not recommend the payment of any dividends for the six months ended September 30, 2025, consistent with the previous year[51]. Assets and Liabilities - Current assets exceeded current liabilities by HKD 1.3 million as of September 30, 2025, compared to a deficit of HKD 4.0 million as of March 31, 2025[13]. - Total assets less current liabilities amounted to HKD 21.1 million as of September 30, 2025, up from HKD 17.4 million as of March 31, 2025[13]. - The company's equity attributable to owners was HKD 21.1 million as of September 30, 2025, compared to HKD 17.0 million as of March 31, 2025[15]. - The company’s total liabilities as of September 30, 2025, were HKD 21,054,000, compared to HKD 17,980,000 at the end of the previous year, indicating an increase of 17%[18]. - The company’s accumulated losses decreased to HKD 30,579,000 as of April 1, 2025, from HKD 31,183,000 as of April 1, 2024, showing a reduction of 2%[18]. Cash Flow and Financing - The company experienced a net cash outflow from operating activities of HKD 1,568,000 for the six months ended September 30, 2025, slightly improved from HKD 1,573,000 in the prior year[21]. - The company’s financing activities resulted in a net cash outflow of HKD 5,251,000 for the six months ended September 30, 2025, compared to HKD 2,697,000 in the previous year, indicating a significant increase in cash used[21]. - Financing costs decreased to HKD 342,000 in 2025 from HKD 654,000 in 2024, a reduction of approximately 48%[44]. - The current ratio improved to approximately 1.0 times as of September 30, 2025, compared to approximately 0.9 times as of March 31, 2025, primarily due to an increase in trade receivables[94]. - The debt-to-equity ratio decreased to approximately 72.1% as of September 30, 2025, from approximately 119.7% as of March 31, 2025, mainly due to a reduction in bank borrowings[95]. Revenue Sources and Customer Contributions - Major customer A contributed HKD 27,869,000 to total revenue, up from HKD 19,896,000 in the previous year, marking a growth of 40%[29]. - Major customer B's revenue contribution decreased to HKD 17,251,000 from HKD 36,295,000, a decline of 52%[29]. - Revenue from external customers for the six months ended September 30, 2025, was HKD 92,595,000, representing an increase from HKD 90,215,000 for the same period in 2024, a growth of approximately 2%[35]. - Revenue from the United States increased significantly to HKD 44,486,000 in 2025 from HKD 28,785,000 in 2024, marking a growth of approximately 55%[30]. Operational Efficiency and Cost Management - Employee costs, including director remuneration, decreased to HKD 9,436,000 in 2025 from HKD 11,648,000 in 2024, a reduction of approximately 19%[45]. - Selling and distribution expenses decreased by approximately 18.6% from approximately HKD 5.6 million for the six months ended September 30, 2024, to approximately HKD 4.5 million for the six months ended September 30, 2025, primarily due to reduced marketing expenses and a decrease in procurement personnel[88]. - Administrative expenses decreased from approximately HKD 13.5 million for the six months ended September 30, 2024, to approximately HKD 11.1 million for the six months ended September 30, 2025, a reduction of approximately 17.8% mainly due to lower employee costs and benefits[89]. - The profit attributable to owners of the company increased to approximately HKD 4.4 million for the six months ended September 30, 2025, from HKD 2.2 million for the six months ended September 30, 2024, mainly due to the reduction in administrative expenses[92]. Trade Receivables and Payables - Trade receivables as of September 30, 2025, amounted to HKD 29,372,000, an increase from HKD 13,694,000 as of March 31, 2025, after deducting credit loss provisions of HKD 1,801,000[55]. - The aging analysis of trade receivables shows that receivables over 90 days increased to HKD 17,581,000 from HKD 4,202,000[55]. - Trade payables as of September 30, 2025, totaled HKD 20,882,000, up from HKD 14,666,000 as of March 31, 2025[63]. Corporate Governance and Compliance - The company has adopted and complied with the corporate governance code as per GEM listing rules, with a noted deviation regarding the roles of Chairman and CEO being held by the same individual[121]. - The company does not have an internal audit function as of September 30, 2025, but the board believes existing oversight is sufficient[122]. - The audit committee, composed of three independent non-executive directors, has reviewed the interim report and believes the financial results comply with applicable accounting standards and GEM listing rules[124]. Market Outlook and Strategic Focus - The management acknowledges the challenges and opportunities arising from the evolving global apparel industry landscape, particularly due to the U.S. tariff policy changes effective April 2025[110]. - The company remains confident in its ability to adapt and sustain growth, leveraging decades of industry experience and established customer relationships[111]. - The company is closely monitoring market developments to assess potential business opportunities and drive sustainable growth[111].