(Incorporated in the Cayman Islands with limited liability) Stock Code: 8098 CL GROUP (HOLDINGS) LIMITED 昌利（控股）有限公司 C M Y CM MY CY CMY K CL GROUP (HOLDINGS) LIMITED 昌利（控股）有限公司 股份代號 : 8098 （於開曼群島註冊成立之有限公司） 中 期 報 告 ai176362575472_CL Group IR2025 Cover_OP.pdf 1 20/11/2025 下午4:02 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM乃為較於聯交所上市的其他公司帶有更高投資風險的公司提供上市的市場。 有意投資者應了解投資於該等公司的潛在風險，並應經過審慎周詳考慮後方作出 投資決定。GEM的較高風險及其他特色表示GEM較適合專業及其他經驗豐富的 投資者。 由於GEM上市公司的新興性質使然，在GEM買賣的證券可能會承受較於主板買賣 的證券為高的市場波動風險，同時亦無法保證在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以及香港 ...

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倚賴該等內容 而引致的任何損失承擔任何責任。 Yun Lee Marine Group Holdings Limited 潤利海事集團控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2682） 截 至 二零二五 年九月三十日止六個月 中期業績公告 摘要 – 1 – ‧ 本公司擁有人應佔期內純利由截至 二零二四 年九月三十日止六個月 10,531,000港元增加35.4%至截至二零二五年九月三十日止六個月14,255,000 港元。 ‧ 截至二零二五年九月三十日止六個月每股基本盈利約為1.43港仙（二零二四 年：1.05港仙）。 ‧ 董事會不建議就截至二零二五年九月三十日止六個月派付中期股息。 潤利海事集團控股有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈本公司 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（「本期間」）的未 經審核簡明綜合財務報表，連同同期的比較數字如下： 簡明綜合損益及其他全面收益表 截 ...

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。 Ausupreme International Holdings Limited 澳至尊國際控股有限公司 （於開曼群島註冊成立的有限公司） （股份代號：2031） 截至2025年9月30日止六個月 未經審核中期業績公告 業績 澳至尊國際控股有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然提呈本公司及其 附屬公司（統稱「本集團」）截至2025年9月30日止六個月（「本期間」）之未經審核簡明綜合 業績，連同有關之比較數字如下： 簡明綜合損益及其他全面收益表 截至2025年9月30日止六個月 | | | 截至9月30日止六個月 | | | --- | --- | --- | --- | | | | 2025年 | 2024年 | | | 附註 | 千港元 | 千港元 | | | | （未經審核） | （未經審核） | | 收益 | 4(a) | 144,972 | 126,540 | | 銷售成本 ...

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 之任何損失承擔任何責任。 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 * 僅供識別 -1- – 收益為778,400,000港元（二零二四年：694,700,000港元） – 毛利為111,500,000港元（二零二四年：98,700,000港元） – 本公司擁有人應佔溢利為18,400,000港元（二零二四年：20,300,000港元） – 每股基本盈利為6.45港仙（二零二四年：7.14港仙） – 董事會議決派發中期股息每股4.0港仙（二零二四年：中期股息每股4.0港仙） 中期業績 信佳國際集團有限公司（「本公司」）董事會（「董事會」）謹此公佈本公司及其附屬公司（合稱「信佳」或「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︰ 簡明綜合中期收益表 截至二零二五年九月三十日止六個月 簡明綜合中期資產負債表 於二零二五年九月三十日 於二零二五年 九月三十日 於二零二五年 三月三十一日 ...

Financial Performance - The group recorded a total revenue of approximately HKD 25.6 million for the six months ended September 30, 2025, representing an increase of about 6.7% compared to approximately HKD 24.0 million in the same period last year[10]. - The group achieved a post-tax profit of approximately HKD 0.2 million for the six months ended September 30, 2025, compared to a significant loss in the previous year[10]. - The company reported a pre-tax profit of approximately HKD 0.2 million for the period, a significant improvement from a pre-tax loss of HKD 11.7 million in 2024[25]. - The company reported a net profit of HKD 210,000 for the period ending September 30, 2025, compared to a net loss of HKD 11.7 million in the same period last year[50]. - Basic and diluted earnings per share were HKD 0.14, a recovery from a loss per share of HKD 7.96 in the previous year[45]. - The company recognized a loss of HKD 11.698 million for the period, reflecting ongoing challenges in the market[50]. Revenue Breakdown - Compliance advisory revenue for the period was approximately HKD 7.1 million, down from HKD 8.8 million in the previous year, accounting for about 27.7% of total revenue[14]. - The group’s financial advisory and independent financial advisory services generated revenues of approximately HKD 10.3 million and HKD 8.2 million, respectively, together accounting for about 72.3% of total revenue[14]. - The segment profit for corporate finance consulting services was HKD 2,386,000, while the asset management services reported a loss of HKD 992,000, resulting in a total segment profit of HKD 1,394,000[60]. Cost Management - Employee benefit costs decreased from HKD 26.3 million in the first half of 2024/25 to HKD 18.9 million in the first half of 2025/26[6]. - The cost optimization plan has yielded significant results, with total employee benefit costs decreasing steadily over the periods[6]. - Depreciation and other operating expenses decreased by approximately 13.9% to HKD 6.8 million from HKD 7.9 million, attributed to reduced rental costs and stringent cost control measures[23]. - Employee benefit costs decreased by approximately 28.1% to HKD 18.9 million from HKD 26.3 million, mainly due to cost savings from an updated compensation structure[20]. Assets and Liabilities - Total assets less current liabilities amounted to HKD 68,112,000 as of September 30, 2025, down from HKD 72,534,000 as of March 31, 2025[48]. - Non-current assets decreased to HKD 13,841,000 from HKD 16,028,000 as of March 31, 2025[47]. - Current assets totaled HKD 64,160,000, slightly down from HKD 65,067,000 as of March 31, 2025[47]. - Current liabilities increased to HKD 9,889,000 from HKD 8,561,000 as of March 31, 2025[48]. - The company’s total equity was HKD 60,155,000 as of September 30, 2025, compared to HKD 62,537,000 as of March 31, 2025[48]. Cash Flow and Financing - Operating cash flow before changes in working capital was HKD 3.444 million, a significant improvement from a cash outflow of HKD 5.124 million in the previous year[51]. - The company experienced a decrease in cash and cash equivalents, with a net reduction of HKD 848,000, compared to a decrease of HKD 6.542 million in the prior year[53]. - The company’s financing activities resulted in a net cash outflow of HKD 3.107 million, compared to HKD 7.391 million in the previous year[53]. - As of September 30, 2025, the company had no bank financing or borrowings, indicating a stable capital structure[26]. Shareholder Information - The company has adopted a stock option plan in 2023 to incentivize and reward qualified employees for their contributions[114]. - Major shareholder New Baili Group Limited owns 84,938,190 shares, accounting for 57.90% of the company's total shares[111]. - The company’s governance structure includes significant shareholdings by key executives, indicating strong control over corporate decisions[108]. - The stock option plan aims to attract and retain top talent, enhancing the overall success of the business and increasing shareholder value[115]. Corporate Governance - The company has complied with the corporate governance code and maintained high standards of corporate governance practices during the reporting period[98]. - The audit committee consists of three independent non-executive directors, with Mr. Zheng Yuhua as the chairman[130]. - The external auditor, Guo Fu Hao Hua (Hong Kong) CPA Limited, reviewed the group's unaudited consolidated financial statements and found no issues regarding compliance with HKAS 34[130]. - The company's public float remains sufficient as of the last practicable date before the report's release[132].

Revenue and Profitability - Revenue increased from approximately HKD 580.3 million for the six months ended September 30, 2024, to approximately HKD 648.0 million for the six months ended September 30, 2025, representing a growth of about HKD 67.7 million or approximately 11.7%[3] - Gross profit rose from approximately HKD 16.9 million to approximately HKD 23.1 million, an increase of about HKD 6.2 million or approximately 36.7%[3] - Profit attributable to owners of the company increased from approximately HKD 5.0 million to approximately HKD 6.3 million, a growth of about HKD 1.3 million or approximately 26.0%[3] - Basic earnings per share for the six months ended September 30, 2025, was approximately HKD 0.8, compared to approximately HKD 0.6 for the same period in 2024[3] - The company reported a pre-tax profit of approximately HKD 7.1 million for the six months ended September 30, 2025, compared to HKD 5.6 million for the same period in 2024[5] - The company's pre-tax profit for the six months ended September 30, 2025, was HKD 6.3 million, compared to HKD 5.0 million for the same period in 2024, reflecting an increase of approximately 25.0%[21] - Net profit increased from approximately HKD 5.0 million for the six months ended September 30, 2024, to approximately HKD 6.3 million for the six months ended September 30, 2025, an increase of approximately HKD 1.3 million or about 26.0%[40] Assets and Liabilities - Total assets as of September 30, 2025, amounted to approximately HKD 652.2 million, compared to HKD 505.1 million as of March 31, 2025[6][7] - Current liabilities increased from approximately HKD 260.7 million to approximately HKD 375.1 million, indicating a rise in operational obligations[6][7] - The company’s net asset value decreased from approximately HKD 276.2 million as of March 31, 2025, to approximately HKD 273.0 million as of September 30, 2025[7] - Total assets as of September 30, 2025, amounted to HKD 537.3 million, with total liabilities of HKD 261.1 million[14] - The company reported a total of HKD 393.5 million in contract assets and trade receivables as of September 30, 2025[24] Revenue Segmentation - The company’s segment revenue from construction contracts was approximately HKD 644.4 million, while maintenance engineering contributed approximately HKD 3.7 million to total revenue[13] - Revenue from construction contracts for the six months ended September 30, 2025, was HKD 644.4 million, compared to HKD 446.3 million for the same period in 2024, indicating a significant increase of approximately 44.4%[15] - Revenue from building services increased from approximately HKD 446.3 million for the six months ended September 30, 2024, to approximately HKD 644.3 million for the six months ended September 30, 2025, representing an increase of approximately HKD 198.0 million or about 44.4%[30] - Revenue from renovation and maintenance services significantly decreased from approximately HKD 134.0 million for the six months ended September 30, 2024, to approximately HKD 3.7 million for the six months ended September 30, 2025, a decline of approximately HKD 130.3 million or about 97.2%[31] Expenses and Financial Performance - Other income, gains, and losses decreased from approximately HKD 7.6 million to approximately HKD 3.0 million, a decline of approximately HKD 4.6 million or about 60.5%[36] - Administrative expenses remained stable at approximately HKD 18.7 million for both periods[37] - Financial costs decreased from approximately HKD 268,000 to approximately HKD 223,000, a reduction of approximately HKD 45,000 or about 16.8%[38] - The gross profit margin improved from approximately 2.9% to approximately 3.6% for the same periods, an increase of about 0.7 percentage points[33] Dividends and Shareholder Actions - The company did not declare any interim dividend for the six months ended September 30, 2025, consistent with the previous period[3] - The board decided not to declare any interim dividend for the six months ended September 30, 2025, consistent with the previous period[51] - The company did not purchase, sell, or redeem any shares during the six months ended September 30, 2025[52] Future Outlook and Strategic Plans - The company plans to invest in construction-related services to enhance its capabilities and create synergies with existing operations[27] - The company maintains a cautious optimism regarding the prospects of the construction industry in Hong Kong[27] Governance and Compliance - The company has complied with all applicable code provisions of the Corporate Governance Code as of September 30, 2025, except for the separation of roles between the Chairman and CEO[54] - The audit committee reviewed the condensed consolidated financial statements for the six months ended September 30, 2025[56] - There were no significant events requiring disclosure after September 30, 2025, up to the announcement date[53] Cash and Borrowings - As of September 30, 2025, the group had cash and bank balances of approximately HKD 201.1 million, up from approximately HKD 136.8 million as of March 31, 2025[45] - The group had bank borrowings of approximately HKD 2.6 million as of September 30, 2025, compared to none as of March 31, 2025[46] - As of September 30, 2025, the company's capital debt ratio is approximately 3.7%, up from 1.7% on March 31, 2025[47] - The company provided unlimited guarantees to several banks for performance bonds totaling approximately HKD 110.9 million as of September 30, 2025, down from HKD 117.1 million on March 31, 2025[48] Stock Options and Awards - The stock option plan has authorized a total of 80,000,000 shares for grant, representing 10% of the issued shares as of April 1, 2025, September 30, 2025, and the announcement date[49] - The share award plan trustee held 6,796,000 shares as of September 30, 2025, accounting for approximately 0.8% of the issued shares, with no shares granted to eligible participants during the six-month period[50] Interim Results Announcement - The interim results announcement will be published on the HKEX website and the company's website before December 2025[57]

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。 Li Auto Inc. 理想汽車 （於開曼群島註冊成立以不同投票權控制的有限責任公司） （股份代號：2015） 內幕消息 截至2025年9月30日止季度的 未經審計財務業績 有限的經營歷史；與增程式電動汽車和高壓純電動汽車有關的風險；理想汽車研 發、製造及交付優質且吸引客戶的車輛的能力；理想汽車產生正現金流及利潤的 能力；使車輛性能不及預期的產品缺陷或任何其他故障；理想汽車成功競爭的能 力；理想汽車建立品牌及承受負面報道的能力；理想汽車的車輛訂單被取消；理 想汽車研發新汽車的能力；及消費者需求及政府獎勵、補貼或其他有利的政府政 策變化。有關以上及其他風險的更多資料載於理想汽車向美國證交會及香港聯交 所提交的文件中。本公告中提供的所有資料均截至本公告發佈之日，除適用法律 要求外，理想汽車不承擔更新任何前瞻性陳述的義務。 建議本公司股東及潛在投資者勿過於依賴第三季度業績，並於買賣本公司證券時 審慎行事。 ...

Financial Performance - For the six months ended June 30, 2025, the company reported a revenue of HK$0, compared to HK$2,328,000 for the same period in 2024[5]. - The company recorded a gross profit of HK$0, down from a gross loss of HK$2,328,000 in the previous year[5]. - Operating loss for the period was HK$215,014,000, a significant increase from an operating loss of HK$7,149,000 in 2024[5]. - The company reported a profit attributable to owners of HK$198,045,000, compared to a loss of HK$111,331,000 in the previous year[5]. - Basic and diluted earnings per share were both HK$5.55, a recovery from a loss of HK$3.12 per share in 2024[5]. - For the six months ended June 30, 2025, the company reported a profit before tax of HKD 198,045,000, compared to a loss of HKD 111,331,000 for the same period in 2024[26][34]. - The company incurred a net operating loss of HKD 111,907,000 for the six months ended June 30, 2024, indicating a significant improvement in performance in 2025[30]. - The company has not declared or recommended any dividends during the reporting period, consistent with the previous year[33]. Assets and Liabilities - Total assets as of June 30, 2025, were HK$227,000, down from HK$531,000 at the end of 2024[7]. - Current liabilities decreased to HK$1,487,575,000 from HK$1,808,308,000 year-over-year[7]. - The company's total equity attributable to owners was a deficit of HK$1,500,213,000, improving from a deficit of HK$1,693,352,000 in 2024[8]. - The group recorded a cumulative loss of HKD 4,198,629,000 as of June 30, 2025, compared to HKD 4,299,539,000 as of December 31, 2024[18]. - Current liabilities exceeded current assets by approximately HKD 1,487,348,000 as of June 30, 2025, down from HKD 1,807,777,000 as of December 31, 2024[18]. - Total borrowings amounted to HKD 701,079,000 as of June 30, 2025, a decrease from HKD 892,750,000 as of December 31, 2024[18]. - The total liabilities decreased from HKD 892,750,000 in 2024 to HKD 707,079,000 in 2025, reflecting improved financial management[38]. - The group has outstanding borrowings of approximately HKD 707,079,000 as of June 30, 2025, down from HKD 892,750,000 in 2024[67]. Cash Flow and Financing - The net financing costs decreased to HK$76,969,000 from HK$104,203,000 year-over-year[5]. - The total financing costs for the six months ended June 30, 2025, were HKD 76,969,000, a decrease of 26.3% from HKD 104,451,000 in 2024[29]. - Cash and cash equivalents were HKD 57,000 as of June 30, 2025, down from HKD 95,000 as of December 31, 2024[18]. - The group is actively seeking alternative funding sources, including any forms of debt or equity financing, to improve its capital structure and reduce overall financing costs[19]. - The group has taken steps to stabilize operations and improve liquidity, including cost-cutting measures and discussions with potential investors[17]. Business Operations and Strategy - The group continues to operate its business, particularly in property management, and is negotiating new contracts[17]. - The group has implemented measures to strictly control production costs and expenses to achieve profitability and positive cash flow operations[19]. - The group is considering the sale of non-core businesses and/or financial assets to improve its financial situation[19]. - The group is exploring acquisitions or new revenue sources to enhance profitability[19]. - The company successfully established direct property management agreements for five properties and indirect management agreements for seven properties, with expected revenue of RMB 1,520,000 and cumulative revenue of approximately RMB 14,900,000[58]. - The company is focusing on enhancing asset management capabilities and profitability, aiming to increase market value and asset efficiency[55]. Corporate Governance - The company has adopted a standard code of conduct for securities trading, ensuring compliance by all directors for the six months ending June 30, 2025[85]. - The audit committee, composed of three independent non-executive directors, reviewed the interim results for the six months ending June 30, 2025, ensuring compliance with applicable accounting standards[87]. - The company maintains high standards of corporate governance, adhering to the corporate governance code for the six months ending June 30, 2025[86]. - The company is actively seeking suitable candidates to fill the vacant positions of chairman and CEO[86]. - The company has appointed Mr. Zong and Ms. Chen as independent non-executive directors, fulfilling the minimum requirement for independent directors as per the Hong Kong Stock Exchange Listing Rules[88]. Shareholder Information - Major shareholder Keyne Holdings Ltd holds 2,073,549,197 shares, representing 58.10% of the company's issued share capital[81]. - The second largest shareholder, Zheng Yuehui, controls 205,175,000 shares, accounting for 5.75% of the total[81]. - The total number of issued shares as of June 30, 2024, is 3,568,790,629[83]. Legal and Compliance - The company is currently involved in ongoing litigation regarding a loan agreement with Zhejiang Chouzhou Commercial Bank, with a principal amount of RMB 250,000,000[53]. - The company is taking appropriate measures to rectify issues that led to the suspension of trading and is working towards compliance with the Listing Rules[92]. - Trading of the company's shares has been suspended since April 2, 2024, and will continue until further notice[93]. - The company has submitted a resumption proposal to the Stock Exchange on September 19, 2025, and is currently addressing related inquiries[92].

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之任何損失承擔任何責 任。 China Beidahuang Industry Group Holdings Limited 中國北大荒產業集團控股有限公 司 中期簡明綜合損益報表 | | | 截至六月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | | | （經重列） | | | | （未經審核） （未經審核） | | | | 附註 | 千港元 | 千港元 | | 收入 | 4 | 158,359 | 97,767 | | 銷售成本 | | (152,521) | (86,907) | | 毛利 | | 5,838 | 10,860 | | 其他收入、收益或（虧損） | 4 | 464 | 218 | | 銷售及分銷開支 | | (3,412) | (2,533) | | 行政開支 | | (42,274) | (17,261) | | 融資成本 | ...

Financial Performance - For the fiscal year ending August 31, 2025, the company reported a revenue of RMB 7,363 million, representing an increase of 11.9% compared to RMB 6,579 million in the previous year[4]. - Adjusted EBITDA for the same period was RMB 4,169 million, up by 10.5% from RMB 3,774 million[4]. - The net profit for the fiscal year was RMB 506 million, showing a slight increase of 0.8% from RMB 502 million[4]. - Gross profit for the year ending August 31, 2025, was RMB 3,926 million, up 7.7% from RMB 3,644 million for the year ending August 31, 2024[23]. - The group achieved an adjusted EBITDA of RMB 4,169 million for the year ending August 31, 2025, compared to RMB 3,774 million for the previous year, indicating a growth of 10.5%[18]. - The group reported a pre-tax profit of RMB 826 million for the fiscal year ending August 31, 2025, up from RMB 500 million in the previous year, reflecting a significant increase of 65.2%[86]. - The company reported a net profit of RMB 977 million for the year ended August 31, 2025, compared to RMB 418 million in 2024, representing a significant increase of 133.5%[102]. - Basic and diluted earnings per share for the year ended August 31, 2025, were RMB 0.355, up from RMB 0.161 in 2024, indicating a growth of 120.5%[102]. Revenue Breakdown - Domestic market revenue increased from RMB 6,335 million for the year ending August 31, 2024, to RMB 7,083 million for the year ending August 31, 2025, reflecting an increase of 11.8% driven by growth in customer numbers and average selling prices[20]. - International market revenue rose to RMB 280 million for the year ending August 31, 2025, up 14.8% from RMB 244 million for the year ending August 31, 2024, primarily due to an increase in customer numbers[21]. - The domestic market generated revenue of RMB 7,083 million, while the international market contributed RMB 280 million for the fiscal year ending August 31, 2025[86]. - The group’s revenue from education services recognized over time was RMB 7,320 million for the fiscal year ending August 31, 2025, compared to RMB 6,543 million in the previous year, marking a growth of approximately 11.8%[88]. Student Enrollment and Programs - The total number of full-time students reached approximately 282,000, a year-on-year growth of about 5%, with higher education students numbering around 243,000, up by 9%[6]. - The company introduced 396 applied undergraduate programs, optimizing the proportion of engineering majors to meet the demands of emerging industries[7]. - The group added 24 new industry colleges during the reporting period, bringing the total to 85, enhancing the relevance and practicality of professional training[11]. - The number of school-enterprise cooperation partners increased to 4,809, with a total of 477 projects initiated under the Ministry of Education's collaborative education program[11]. - The international course enrollment increased by over 18% year-on-year, reflecting the group's commitment to expanding its international education footprint[12]. Cash and Assets Management - As of August 31, 2025, the company had cash reserves of RMB 6,744 million[4]. - The company's cash and cash equivalents decreased to RMB 5,797 million in 2025 from RMB 6,238 million in 2024, suggesting a tighter liquidity position[75]. - Non-current assets increased to RMB 31,459 million in 2025 from RMB 31,059 million in 2024, showing a growth in long-term investments[75]. - Total assets minus current liabilities rose to RMB 29,037 million in 2025, compared to RMB 28,435 million in 2024, indicating improved asset management[76]. - The company's total equity reached RMB 18,958 million in 2025, up from RMB 18,533 million in 2024, indicating a stronger financial position[76]. Expenses and Liabilities - Administrative expenses increased by 20.1% to RMB 1,159 million for the year ending August 31, 2025, from RMB 965 million for the year ending August 31, 2024[26]. - Financing costs increased to RMB 487 million for the year ending August 31, 2025, up 3.2% from RMB 472 million for the year ending August 31, 2024[36]. - The company reported a decrease in non-current liabilities to RMB 10,079 million in 2025 from RMB 9,902 million in 2024, suggesting improved debt management[76]. Corporate Governance and Compliance - The company has adopted corporate governance principles and has complied with applicable provisions, except for the separation of roles between the Chairman and CEO as per C.2.1[66]. - The current Chairman and CEO is the same person, which the board believes enhances leadership and operational efficiency[67]. - The board will continue to review the separation of the roles of Chairman and CEO at an appropriate time[68]. - The audit committee consists of three independent non-executive directors and is responsible for reviewing the integrity of the group's financial information[71]. - Deloitte has confirmed that the financial figures for the year ending August 31, 2025, are consistent with the audited consolidated financial statements approved by the board[72]. Future Outlook and Strategy - The company is focusing on digital transformation in education, implementing AI-enabled initiatives to improve teaching quality and efficiency[10]. - The group plans to continue leveraging policy opportunities and innovate development models to drive the education sector towards new heights[14]. - The company is focused on expanding its higher education and vocational training business, which is expected to drive future growth[77]. - The group anticipates sufficient resources to continue operations for at least the next twelve months, despite current liabilities exceeding current assets by RMB 2,422 million as of August 31, 2025[81].