[Interim Results Announcement](index=1&type=section&id=Interim%20Results%20Announcement) [Announcement Details](index=1&type=section&id=Announcement%20Details) Palinda Group Holdings Limited announced its unaudited condensed consolidated interim results for the six months ended June 30, 2025, complying with GEM Listing Rules disclosure requirements - This announcement contains the company's full 2025 interim report, complying with GEM Listing Rules for preliminary interim results announcements[3](index=3&type=chunk) - The Board of Directors includes executive directors Ms. Wong Wai (Chairperson) and Mr. Dou Sheng, and independent non-executive directors Mr. Wu Tsz King, Mr. So Yat Chuen, and Ms. Cheng Wai[4](index=4&type=chunk) [GEM Listing Features and Disclaimer](index=2&type=section&id=GEM%20Listing%20Features%20and%20Disclaimer) [GEM Features](index=2&type=section&id=GEM%20Features) The GEM market provides a listing platform for small and medium-sized companies with higher investment risks, requiring investors to understand potential risks and make prudent decisions; GEM securities may face significant market volatility and liquidity cannot be guaranteed - GEM provides a listing market for small and medium-sized companies with higher investment risks compared to other listed companies on the Stock Exchange[5](index=5&type=chunk) - GEM securities may be subject to significant market volatility and high liquidity cannot be guaranteed[5](index=5&type=chunk) [Company Information](index=3&type=section&id=Company%20Information) [Board and Key Personnel](index=3&type=section&id=Board%20and%20Key%20Personnel) The company's Board of Directors comprises two executive directors (Ms. Wong Wai as Chairperson) and three independent non-executive directors, with details on compliance officer, authorized representatives, company secretary, and committee members - Executive Directors: Ms. Wong Wai (Chairperson), Mr. Dou Sheng[6](index=6&type=chunk) - Independent Non-Executive Directors: Mr. Wu Tsz King, Mr. So Yat Chuen, Ms. Cheng Wai[6](index=6&type=chunk) - Mr. Wu Tsz King chairs the Audit Committee, while Mr. So Yat Chuen chairs both the Remuneration Committee and Nomination Committee[6](index=6&type=chunk) [Corporate Details](index=4&type=section&id=Corporate%20Details) The company is registered in the Cayman Islands, with its Hong Kong head office in Hung Hom, Kowloon; its share registrar is Union Registrars Limited, website www.palinda.com, and GEM stock code 8179 - Registered office is located at Cricket Square, Cayman Islands[7](index=7&type=chunk) - Hong Kong head office, headquarters, and principal place of business are located at Unit 306-A201, 3/F, Tower 1, Harbour Centre, 1 Hok Cheung Street, Hung Hom, Kowloon, Hong Kong[7](index=7&type=chunk) - GEM stock code is **8179**[7](index=7&type=chunk) [Condensed Consolidated Financial Statements](index=5&type=section&id=Condensed%20Consolidated%20Financial%20Statements) [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=5&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) For the six months ended June 30, 2025, the Group's revenue significantly decreased, leading to a substantial reduction in profit for the period and earnings per share, with other comprehensive income primarily affected by exchange differences Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (For the six months ended June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Revenue | 64,368 | 218,804 | | Cost of sales | (55,795) | (170,466) | | Gross profit | 8,573 | 48,338 | | Profit before tax | 1,397 | 39,135 | | Income tax expense | (365) | (6,317) | | Profit for the period | 1,032 | 32,818 | | Total comprehensive income for the period | 1,032 | 32,968 | | Basic and diluted earnings per share (HK cents) | 0.05 | 2.73 | - Interim revenue for 2025 significantly decreased by approximately **70.6%**, from **HK$218,804 thousand** to **HK$64,368 thousand**[8](index=8&type=chunk) - Profit for the period sharply declined from **HK$32,818 thousand** in interim 2024 to **HK$1,032 thousand** in interim 2025, a decrease of approximately **96.9%**[8](index=8&type=chunk) [Condensed Consolidated Statement of Financial Position](index=7&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's total assets and total equity slightly increased, with net current assets remaining stable; inventory remains the largest current asset, and borrowings are the primary current liability Condensed Consolidated Statement of Financial Position (As at June 30, 2025) | Metric | June 30, 2025 (HK$ thousand) | December 31, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Non-current assets | 86 | 440 | | Current assets | 581,866 | 579,730 | | Inventories | 571,071 | 561,570 | | Bank balances and cash | 2,613 | 7,298 | | Current liabilities | 142,384 | 141,621 | | Borrowings | 116,894 | 116,894 | | Net current assets | 439,482 | 438,109 | | Net assets | 439,568 | 438,536 | | Total equity | 439,568 | 438,536 | - Inventories constitute a very high proportion of current assets, reaching **HK$571,071 thousand**, a slight increase from the end of 2024[11](index=11&type=chunk) - Bank balances and cash decreased from **HK$7,298 thousand** at the end of 2024 to **HK$2,613 thousand**[11](index=11&type=chunk) [Condensed Consolidated Statement of Changes in Equity](index=9&type=section&id=Condensed%20Consolidated%20Statement%20of%20Changes%20in%20Equity) For the six months ended June 30, 2025, equity attributable to owners of the company slightly increased due to profit for the period; in the same period of 2024, equity changes were primarily influenced by share issuance and profit for the period Condensed Consolidated Statement of Changes in Equity (For the six months ended June 30) | Metric | June 30, 2025 (HK$ thousand) | June 30, 2024 (HK$ thousand) | | :--- | :--- | :--- | | Equity attributable to owners of the Company (End of period) | 439,568 | 422,759 | | Profit and other comprehensive income for the period | 1,032 | 32,968 | | Shares issued under subscription agreement (2024) | - | 23,683 | | Expenses for share issuance (2024) | - | (59) | - In the first half of 2025, equity attributable to owners of the company increased from **HK$438,536 thousand** at the beginning of the year to **HK$439,568 thousand**, primarily due to profit for the period[13](index=13&type=chunk) - In the same period of 2024, total equity significantly increased due to share issuance (**HK$23,683 thousand**) and total comprehensive income for the period (**HK$32,968 thousand**)[13](index=13&type=chunk) [Condensed Consolidated Statement of Cash Flows](index=10&type=section&id=Condensed%20Consolidated%20Statement%20of%20Cash%20Flows) For the six months ended June 30, 2025, the Group generated net cash outflows from operating, investing, and financing activities, resulting in a significant decrease in cash and cash equivalents at period-end Condensed Consolidated Statement of Cash Flows (For the six months ended June 30) | Metric | 2025 (HK$ thousand) | 2024 (HK$ thousand) | | :--- | :--- | :--- | | Net cash used in operating activities | (4,531) | (6,001) | | Net cash (used in) / generated from investing activities | (103) | 675 | | Net cash (used in) / generated from financing activities | (51) | 5,417 | | Net (decrease) / increase in cash and cash equivalents | (4,685) | 91 | | Cash and cash equivalents at end of period | 2,613 | 3,459 | - Net cash outflow from operating activities in the first half of 2025 was **HK$4,531 thousand**, an improvement compared to **HK$6,001 thousand** in the same period of 2024[16](index=16&type=chunk) - Cash and cash equivalents at period-end decreased from **HK$7,298 thousand** at the beginning of the period to **HK$2,613 thousand**, a net decrease of **HK$4,685 thousand**[16](index=16&type=chunk) [Notes to the Condensed Consolidated Financial Statements](index=11&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Financial%20Statements) [General Information](index=11&type=section&id=General%20Information) Palinda Group Holdings Limited is incorporated in the Cayman Islands and listed on GEM of the Hong Kong Stock

[Announcement Overview](index=1&type=section&id=Announcement%20Overview) This section provides an overview of the supplementary announcement regarding the company's 2024 annual report and treasury shares [Purpose and Background of Announcement](index=1&type=section&id=Purpose%20and%20Background%20of%20Announcement) This announcement is a supplementary filing by Jia Ge Peng You Holdings Limited (Stock Code: 1450) on August 15, 2025, providing additional information to the 2024 annual report published on April 28, 2025, specifically regarding the use of treasury shares - This announcement supplements the annual report (the 'Annual Report') published by Jia Ge Peng You Holdings Limited (the 'Company') on April 28, 2025[3](index=3&type=chunk) - The Annual Report pertains to the Group's full-year results for the year ended December 31, 2024[3](index=3&type=chunk) [Supplementary Information Disclosure](index=1&type=section&id=Supplementary%20Information%20Disclosure) This section clarifies the company's plans for the use of its treasury shares based on market conditions and capital management [Explanation of Treasury Share Usage](index=1&type=section&id=Explanation%20of%20Treasury%20Share%20Usage) The company provides further details on the 2,550,000 treasury shares disclosed in the annual report, clarifying their potential use for sale or transfer within listing rule limits based on market conditions and capital management needs, without affecting other annual report content - The Company holds **2,550,000 treasury shares**[4](index=4&type=chunk) - The use of treasury shares will depend on market conditions and capital management needs, including but not limited to sale or transfer[4](index=4&type=chunk) - All uses of treasury shares will be conducted within the scope permitted by the Listing Rules[4](index=4&type=chunk) [Corporate Governance Information](index=1&type=section&id=Corporate%20Governance%20Information) This section details the current composition of the company's Board of Directors as of the announcement date [Board of Directors Composition](index=1&type=section&id=Board%20of%20Directors%20Composition) As of the announcement date (August 15, 2025), Jia Ge Peng You Holdings Limited's Board of Directors comprises three executive directors and three independent non-executive directors - Executive Directors: Mr. Li Jun, Mr. Li Liang, and Ms. Zhao Huili[6](index=6&type=chunk) - Independent Non-Executive Directors: Mr. Kong Huawei, Mr. Ma Zhankai, and Dr. Yu Guojie[6](index=6&type=chunk)

( 於百慕達註冊成立之有限公司 ) ( 股份代號： 零八一八六 ) 二 零 二 五 中期報告 1 二零二五中期報告 香港聯合交易所有限公司 GEM 之特色 GEM 之定位，乃為中小型公司提供一個上市之市場，此等公司相比起其他在香港聯合交易所有限公司（「聯交所」） 上市的公司帶有較高投資風險。有意投資之人士應了解投資於該等公司的潛在風險，並應經過審慎周詳之考慮後 方作出投資決定。 | | | | 截至六月三十日止六個月 | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | 附註 | 千港元 | 千港元 | | 收益 | 2 | 16,492 | 13,882 | | 銷售成本 | | (13,271) | (11,285) | | 毛利 | | 3,221 | 2,597 | | 其他收入、收益及虧損 | 4 | (6) | 8 | | 行政開支 | | (2,293) | (2,734) | | 其他應收款項減值虧損 | | - | (29) | | 除所得稅開支前溢利╱(虧損) | 5 | 922 | (158) | | 所得稅 | 6 | (233) ...

[2025 Interim Results](index=1&type=section&id=2025%20Interim%20Results) [Disclaimer and Company Information](index=1&type=section&id=Disclaimer%20and%20Company%20Information) This section provides company information and disclaimers, emphasizing the higher investment risks and market volatility for GEM-listed companies - Companies listed on GEM of the Stock Exchange of Hong Kong carry **higher investment risks** and may experience **significant market volatility** with no guarantee of a highly liquid market[3](index=3&type=chunk)[4](index=4&type=chunk) [Unaudited Condensed Consolidated Financial Statements](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Financial%20Statements) This section presents the unaudited condensed consolidated financial statements for the six months ended June 30, 2025, showing profitability and a sound financial position [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Unaudited%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) Summary of Statement of Profit or Loss for the Six Months Ended June 30 (HKD Thousand) | Metric | 2025 | 2024 | Change | | :--- | :--- | :--- | :--- | | Revenue | 16,492 | 13,882 | +18.8% | | Cost of sales | (13,271) | (11,285) | +17.6% | | Gross profit | 3,221 | 2,597 | +24.0% | | Profit/(Loss) before income tax expense | 922 | (158) | Turned from loss to profit | | Total loss and comprehensive income attributable to owners of the Company for the period | 689 | (482) | Turned from loss to profit | | Basic and diluted earnings/(loss) per share (HK cents) | 0.6 | (0.4) | Turned from loss to profit | [Condensed Consolidated Statement of Financial Position](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) Summary of Condensed Consolidated Statement of Financial Position (HKD Thousand) | Metric | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Total non-current assets | 5,434 | 5,470 | -0.7% | | Total current assets | 22,425 | 20,994 | +6.8% | | Total current liabilities | 5,451 | 4,710 | +15.7% | | Net current assets | 16,974 | 16,284 | +4.2% | | Net assets | 22,408 | 21,719 | +3.2% | | Total equity | 22,408 | 21,719 | +3.2% | [Notes to the Unaudited Condensed Consolidated Interim Results](index=4&type=section&id=Notes%20to%20the%20Unaudited%20Condensed%20Consolidated%20Interim%20Results) This section details key financial information including basis of preparation, revenue, segment performance, taxation, earnings per share, and fair value measurements [Basis of Preparation](index=4&type=section&id=Basis%20of%20Preparation) - The adoption of new and revised Hong Kong Financial Reporting Standards, effective January 1, 2025, has **no significant impact** on the Group's financial performance or position[7](index=7&type=chunk) [Revenue](index=4&type=section&id=Revenue) Revenue Composition (HKD Thousand) | Business Type | 2025 | 2024 | Year-on-year change | | :--- | :--- | :--- | :--- | | Sales of household products | 6,212 | 9,792 | -36.6% | | Sales of planting products | 1,700 | 1,422 | +19.5% | | Sales of decorative products | 8,580 | 2,668 | +221.6% | | **Total Revenue** | **16,492** | **13,882** | **+18.8%** | [Operating Segment Information](index=4&type=section&id=Operating%20Segment%20Information) - The Group is principally engaged in **household products business, planting business, and decorative products business**, with the financial services business having no operations in recent years[9](index=9&type=chunk) Reportable Segment Revenue and Profit (HKD Thousand) | Segment | 2025 Revenue | 2024 Revenue | Revenue Change | 2025 Profit | 2024 Profit | Profit Change | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Household products business | 6,212 | 9,792 | -36.6% | 746 | 1,730 | -56.9% | | Planting business | 1,700 | 1,422 | +19.5% | 54 | 41 | +31.7% | | Decorative products business | 8,580 | 2,668 | +221.6% | 1,764 | 129 | +1267% | | **Total** | **16,492** | **13,882** | **+18.8%** | **2,564** | **1,900** | **+34.9%** | Geographical Revenue (HKD Thousand) | Region | 2025 | 2024 | Year-on-year change | | :--- | :--- | :--- | :--- | | Hong Kong | 10,280 | 4,090 | +151.3% | | People's Republic of China | 4,547 | 7,497 | -39.3% | | United States | 1,665 | 2,295 | -27.4% | | **Total** | **16,492** | **13,882** | **+18.8%** | [Other Income, Gains and Losses](index=6&type=section&id=Other%20Income%2C%20Gains%20and%20Losses) Other Income, Gains and Losses (HKD Thousand) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Exchange loss, net | (6) | (2) | | Bank interest income | - | 10 | | **Total** | **(6)** | **8** | [Profit/(Loss) Before Income Tax Expense](index=6&type=section&id=Profit%2F%28Loss%29%20Before%20Income%20Tax%20Expense) Key Expense Items (HKD Thousand) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Staff costs (excluding directors' emoluments) | 859 | 908 | | Auditor's remuneration | 582 | 550 | | Depreciation of property, plant and equipment | 7 | 6 | | Depreciation of right-of-use assets | 29 | 29 | [Income Tax Expense](index=6&type=section&id=Income%20Tax%20Expense) Income Tax Expense (HKD Thousand) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Income tax | 233 | 324 | - Hong Kong profits tax rate is **16.5%**, while the corporate income tax rate in the People's Republic of China is **25%**[14](index=14&type=chunk) [Earnings/(Loss) Per Share](index=6&type=section&id=Earnings%2F%28Loss%29%20Per%20Share) Earnings/(Loss) Per Share (HK cents) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Profit/(Loss) for the period attributable to owners of the Company (HKD Thousand) | 689 | (482) | | Weighted average number of ordinary shares in issue during the period (Thousand shares) | 113,869 | 113,869 | | **Basic and diluted earnings/(loss) per share (HK cents)** | **0.6** | **(0.4)** | [Dividends](index=6&type=section&id=Dividends) - The Board does not recommend the payment of an interim dividend for the reporting period (2024: Nil)[16](index=16&type=chunk) [Movements in Property, Plant and Equipment](index=6&type=section&id=Movements%20in%20Property%2C%20Plant%20and%20Equipment) - The Group did not acquire any property, plant and equipment during the reporting period (2024: Nil)[17](index=17&type=chunk) [Trade Receivables](index=7&type=section&id=Trade%20Receivables) Trade Receivables (HKD Thousand) | Metric | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Gross trade receivables | 9,203 | 7,184 | +28.1% | | Less: Impairment | (290) | (290) | 0% | | **Net** | **8,913** | **6,894** | **+29.3%** | - Trade receivables are **interest-free** with credit terms generally ranging from **60 to 90 days**; no impairment provisions or write-offs were made during the period[18](index=18&type=chunk)[19](index=19&type=chunk) [Trade Payables](index=7&type=section&id=Trade%20Payables) Trade Payables (HKD Thousand) | Ageing | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Within one month | 1,192 | 136 | | One to two months | 149 | 57 | | Two to three months | 951 | 100 | | Three to six months | 269 | 328 | | Six months to one year | - | 1,361 | | **Total** | **2,561** | **1,982** | [Share Capital](index=7&type=section&id=Share%20Capital) Share Capital Structure (HKD Thousand) | Item | Number of shares | Amount | | :--- | :--- | :--- | | Authorised share capital (ordinary shares of HKD0.08 each) | 2,500,000,000 | 200,000 | | Issued and fully paid share capital (ordinary shares of HKD0.08 each) | 113,868,640 | 9,109 | [Fair Value and Fair Value Hierarchy](index=8&type=section&id=Fair%20Value%20and%20Fair%20Value%20Hierarchy) - Management assesses that the fair values of financial assets and liabilities, including cash, receivables, payables, and other borrowings, approximate their carrying amounts due to their **short-term maturity**[22](index=22&type=chunk) Financial Instruments Measured at Fair Value (HKD Thousand) | Item | June 30, 2025 | December 31, 2024 | Fair Value Hierarchy | Valuation Method | | :--- | :--- | :--- | :--- | :--- | | Equity investments at fair value through other comprehensive income | 379 | 379 | Level 3 | Market approach | [Events After the Reporting Period](index=8&type=section&id=Events%20After%20the%20Reporting%20Period) - As of the announcement date, the Group had **no significant events** after the reporting period, other than those already disclosed[25](index=25&type=chunk) [Management Discussion and Analysis](index=9&type=section&id=Management%20Discussion%20and%20Analysis) Management discusses market overview, financial performance, liquidity, and future outlook, highlighting revenue growth and profitability achieved through cost control and business expansion [Market Overview](index=9&type=section&id=Market%20Overview) - The Group is primarily engaged in **household products, planting, and decorative products businesses**, and seeks opportunities to revive its financial services segment[26](index=26&type=chunk) - The Group will continue to focus on developing its core businesses and seek suitable opportunities for expansion into synergistic areas[26](index=26&type=chunk) [Financial Review](index=9&type=section&id=Financial%20Review) - Revenue from the household products business **decreased by 36.6% to HKD6.2 million** due to escalating geopolitical tensions[27](index=27&type=chunk) - Planting business revenue grew to **HKD1.7 million** and decorative products business revenue to **HKD8.6 million**, driven by expanded product categories and customer base[27](index=27&type=chunk) Summary of Financial Performance (HKD Million) | Metric | 2025 | 2024 | Year-on-year change | | :--- | :--- | :--- | :--- | | Revenue | 16.5 | 13.9 | +18.7% | | Gross profit margin | 19.5% | 18.7% | +0.8pp | | Gross profit | 3.2 | 2.6 | +24.0% | | Administrative expenses | 2.3 | 2.7 | -16.2% | | Consolidated profit/(loss) attributable to owners of the Company | 0.7 | (0.5) | Turned from loss to profit | | Basic and diluted earnings/(loss) per share (HK cents) | 0.6 | (0.4) | Turned from loss to profit | [Financial Resources, Borrowings and Liquidity](index=9&type=section&id=Financial%20Resources%2C%20Borrowings%20and%20Liquidity) - As at June 30, 2025, the Group had **no borrowings** (December 31, 2024: Nil HKD)[29](index=29&type=chunk) Summary of Cash Flows (HKD Million) | Cash Flow Type | 2025 | 2024 | | :--- | :--- | :--- | | Net cash inflow from operating activities | 2.5 | (7.4) | | Net cash inflow from investing activities | 0 | 0.01 | | Net cash outflow from financing activities | (0.03) | (0.2) | | **Net cash inflow for the period** | **2.5** | **(7.6)** | Balance Sheet and Liquidity Ratios (HKD Million) | Metric | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Total assets | 27.9 | 26.4 | +5.7% | | Total liabilities | 5.5 | 4.7 | +17.0% | | Net assets | 22.4 | 21.7 | +3.2% | | Net assets per share (HKD) | 0.20 | 0.19 | +5.3% | | Current assets | 22.4 | 21.0 | +6.7% | | Bank balances and cash | 9.5 | 7.0 | +35.7% | | Current liabilities | 5.5 | 4.7 | +17.0% | | Net current assets | 17.0 | 16.3 | +4.3% | | Current ratio | 4.11 | 4.46 | -0.35 | - The Group adopts a **conservative financial management approach**, closely monitoring liquidity to ensure its asset, liability, and commitment structure meets demands[31](index=31&type=chunk) - The Group's foreign exchange risk is **not significant** due to stable transaction currency exchange rates, but it will continue to monitor and take necessary measures[32](index=32&type=chunk) [Outlook](index=10&type=section&id=Outlook) - The business environment is expected to remain **uncertain and challenging**, characterized by subdued consumer sentiment and intense competition[33](index=33&type=chunk) - The Group will strive to **reduce costs and enhance operational efficiency** through streamlining business segments, prudent supply chain management, and strict cost control[33](index=33&type=chunk) - The Group will seek **growth opportunities** by expanding its customer base and product categories, pursuing synergistic business opportunities aligned with core operations for long-term sustainable development[33](index=33&type=chunk) [Capital Commitments, Pledged Assets, Material Investments and Material Acquisitions and Disposals](index=10&type=section&id=Capital%20Commitments%2C%20Pledged%20Assets%2C%20Material%20Investments%20and%20Material%20Acquisitions%20and%20Disposals) - As at June 30, 2025, the Group had **no significant outstanding capital commitments** and **no material assets pledged**[34](index=34&type=chunk) - The Group had **no material investments or acquisitions/disposals** during the reporting period, nor specific plans for such as of June 30, 2025, or the report date[34](index=34&type=chunk) [Fundraising Activities](index=10&type=section&id=Fundraising%20Activities) - The Company did not conduct any **equity fundraising activities** during the reporting period[35](index=35&type=chunk) - Net proceeds of **HKD18 million** from the 2023 rights issue were used, with **HKD7.5 million** for prepayments and **HKD5.5 million** for general corporate and administrative expenses[35](index=35&type=chunk) - The remaining **HKD5 million** will be continuously reviewed and applied to operating assets in daily business to optimize resource allocation[35](index=35&type=chunk) [Contingent Liabilities](index=10&type=section&id=Contingent%20Liabilities) - As at June 30, 2025, the Group had **no significant outstanding contingent liabilities**[36](index=36&type=chunk) [Events After Reporting Period (Management Discussion and Analysis)](index=10&type=section&id=Events%20After%20Reporting%20Period%20%28Management%20Discussion%20and%20Analysis%29) - Details of events after the reporting period are disclosed in **Note 14** to this report[37](index=37&type=chunk) [Other Information](index=11&type=section&id=Other%20Information) This section provides detailed information on employees, directors' and shareholders' interests, share schemes, corporate governance, and the audit committee [Employee Information and Employee Benefit Schemes](index=11&type=section&id=Employee%20Information%20and%20Employee%20Benefit%20Schemes) Employee Information (HKD Thousand) | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Number of employees | 15 | 15 | | Total staff costs and other employee benefits, contributions and retirement schemes | 900 | 900 | - The Group determines employee remuneration based on **performance, work experience, and current market conditions**[38](index=38&type=chunk) [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures, and Interests of Substantial Shareholders](index=11&type=section&id=Directors%27%20and%20Chief%20Executive%27s%20Interests%20and%20Short%20Positions%20in%20Shares%2C%20Underlying%20Shares%20and%20Debentures%2C%20and%20Interests%20of%20Substantial%20Shareholders) Interests of Substantial Shareholders | Name of Director/Shareholder | Nature of Interest | Number of Shares | Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Mr. Jin Guangwu | Personal | 33,905,456 | 29.8% | | Rising Sun Investment Limited | Corporate | 11,318,396 | 9.9% | - No arrangements were made during the reporting period for directors, chief executive, or their associates to benefit from acquiring shares or debentures of the Company or any other body corporate[39](index=39&type=chunk) [Share Schemes](index=11&type=section&id=Share%20Schemes) [Share Option Scheme](index=11&type=section&id=Share%20Option%20Scheme) - The Share Option Scheme aims to **recognize past contributions** and **incentivize future contributions** from eligible participants to the Group[42](index=42&type=chunk) - As at June 30, 2025, **no share options were outstanding**, and none were granted, exercised, lapsed, or cancelled during the reporting period[44](index=44&type=chunk) - Share option exercise prices are determined by Directors, being the highest of the closing price on grant date, average closing price for the five preceding business days, and nominal share value[45](index=45&type=chunk) [Share Award Scheme](index=12&type=section&id=Share%20Award%20Scheme) - The Share Award Scheme aims to **recognize past contributions** and **incentivize future contributions** from eligible participants to the Group[49](index=49&type=chunk) - As at June 30, 2025, **no share awards were outstanding**, and none were granted, lapsed, or cancelled during the reporting period[51](index=51&type=chunk) - The vesting period for share awards, determined by the Board, shall **not be less than twelve months**[52](index=52&type=chunk) [Overall Scheme Limits](index=13&type=section&id=Overall%20Scheme%20Limits) - Without shareholder approval, the total shares granted to any eligible participant within any continuous twelve-month period shall **not exceed 1%** of the total issued shares[54](index=54&type=chunk) Number of Share Options and Share Awards Available for Grant | Item | June 30, 2025 | 2024 | | :--- | :--- | :--- | | Total number of share options and share awards available for grant | 2,846,716 | 2,846,716 | | Share options and share awards available for grant to service providers | 284,671 | - | | Percentage of total issued shares | 2.5% | 2.5% | [Directors' Interests in Contracts](index=13&type=section&id=Directors%27%20Interests%20in%20Contracts) - As at June 30, 2025, or during the reporting period, **no Director had a direct or indirect material interest** in any significant contract, arrangement, or agreement of the Company or its subsidiaries[56](index=56&type=chunk) [Interim Dividends (Other Information)](index=13&type=section&id=Interim%20Dividends%20%28Other%20Information%29) - The Board does not recommend the payment of an interim dividend for the reporting period (2024: Nil)[57](index=57&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=13&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) - During the reporting period, neither the Company nor its subsidiaries purchased, redeemed, or sold any of the Company's **listed securities**[58](index=58&type=chunk) [Competing Interests](index=13&type=section&id=Competing%20Interests) - During the reporting period, no Directors, substantial shareholders, or their close associates engaged in any **competing business** or had **conflicts of interest** with the Group[59](index=59&type=chunk) [Directors' Securities Transactions](index=14&type=section&id=Directors%27%20Securities%20Transactions) - The Company adopted GEM Listing Rules' standard for Directors' securities transactions, and each Director confirmed **compliance** during the reporting period[60](index=60&type=chunk) [Corporate Governance Code](index=14&type=section&id=Corporate%20Governance%20Code) - The Chief Executive Officer position was **vacant** during the reporting period, with responsibilities assumed by the Board and major decisions made through consultation with Board members[61](index=61&type=chunk) - Except for the CEO vacancy, the Board believes the Company has **complied with the Corporate Governance Code** in Part 2 of Appendix C1 to the GEM Listing Rules[61](index=61&type=chunk) [Audit Committee](index=14&type=section&id=Audit%20Committee) - The Audit Committee comprises **three independent non-executive Directors**, chaired by Ms. Pang King Sze[62](index=62&type=chunk) - The Audit Committee's primary responsibilities include ensuring **fair financial statement presentation**, reviewing **financial, internal, and risk management controls**, and examining **financial and accounting policies**[62](index=62&type=chunk) - The Audit Committee reviewed the Group's unaudited condensed consolidated interim results, deeming them prepared in compliance with **applicable accounting standards and GEM Listing Rules** with appropriate disclosures[62](index=62&type=chunk)

[Supplementary Announcement: Regarding the 2024 Annual Report](index=1&type=section&id=supplementary_announcement_2024_annual_report) This announcement provides supplementary information to the 2024 annual report, detailing an impairment loss on prepayments for car resale contracts [Purpose and Background of Announcement](index=1&type=section&id=purpose_and_background_of_announcement) This announcement aims to provide supplementary information for Huayi Financial Holdings Group Limited's 2024 annual report, primarily addressing an impairment loss recognized by a subsidiary for approximately RMB 70.2 million in prepayments to a supplier for car resale contracts - This announcement provides supplementary information to the 2024 annual report of Huayi Financial Holdings Group Limited (the "Company")[4](index=4&type=chunk) - The supplementary information primarily concerns the recognition of an impairment loss of approximately **RMB 70.2 million** (equivalent to approximately **HKD 75.8 million**) on prepayments made by a subsidiary (the "Subsidiary") to an automotive supplier (the "Supplier") under purchase contracts for cars intended for resale[5](index=5&type=chunk) [Overview of Parallel Import Car Sales Business](index=2&type=section&id=overview_of_parallel_import_car_sales_business) The company has engaged in parallel import car sales in China since August 2017, procuring vehicles from suppliers for resale to end customers, with purchase contracts typically requiring a 10% to 45% non-refundable deposit, totaling 134 contracts, 88.8% of which include resale agreements - The Company has been engaged in the parallel import car sales business segment in China since August 2017[6](index=6&type=chunk) - The business model involves sourcing cars from suppliers and reselling them to end customers, with purchase contracts typically requiring a non-refundable deposit ranging from **10% to 45%**[6](index=6&type=chunk) Number of Purchase Contracts and Resale Status | Contract Type | Quantity (units) | Cars Involved (units) | Proportion | | :--- | :--- | :--- | :--- | | Total Purchase Contracts | 134 | 214 | 100% | | With Resale Contracts | 119 | 171 | 88.8% | | Without End Customers | 15 | 43 | 11.2% | [Details and Reasons for Impairment Loss](index=2&type=section&id=details_and_reasons_for_impairment_loss) The impairment loss primarily stems from car customs clearance delays, market price competition, and contractual risks, significantly reducing the likelihood of fund recovery, totaling approximately RMB 70.2 million across three prepayment categories, leading the Board to recognize the loss for accurate financial representation - The impairment loss is primarily due to the combined impact of contractual, market, and legal risks, significantly reducing the likelihood of recovering the funds[10](index=10&type=chunk) - Cars are stranded in bonded ports or warehouses, undeliverable, with customs clearance facing unprecedented delays due to unknown reasons, considered a systemic and industry-wide issue[9](index=9&type=chunk) Impairment Classification of Prepayments | Category | Description | Prepayment (RMB million) | Proportion of Total Impairment (%) | | :--- | :--- | :--- | :--- | | Category 1 | Without resale contracts, total contract price fully settled | 16.4 | 23.3% | | Category 2 | With resale contracts, total contract price fully settled | 24.3 | 34.7% | | Category 3 | With resale contracts, total contract price partially settled | 29.5 | 42.0% | | **Total** | | **70.2** | **100%** | - The Board decided to recognize the impairment loss to present a true and fair view of the Group's financial position and comply with accounting standards[11](index=11&type=chunk) [Analysis of Purchase Contract Payment Status](index=2&type=section&id=analysis_of_purchase_contract_payment_status) This section analyzes the payment status of purchase contracts, categorizing prepayments based on resale agreements and settlement status, highlighting issues like customs clearance delays - Category 1 contracts (without resale agreements) have been fully paid, totaling approximately **RMB 16.4 million**, with cars shipped to bonded ports awaiting resale[7](index=7&type=chunk) - Category 2 contracts (with resale agreements and fully settled) have been paid, totaling approximately **RMB 24.3 million**, with cars shipped to bonded ports awaiting customs clearance, and impairment is due to clearance delays[8](index=8&type=chunk) - Category 3 contracts (with resale agreements but partially settled) have been paid, totaling approximately **RMB 29.5 million**, with end customers also only partially paying, resulting in an outstanding balance of approximately **RMB 61.2 million** in receivables[9](index=9&type=chunk) - Legal ownership transfer of cars requires full payment, customs clearance, National VI emission certification, and payment of customs duties, but relevant cars remain stranded in bonded ports or warehouses due to clearance delays[9](index=9&type=chunk) [Resale Contracts and End Customer Defaults](index=4&type=section&id=resale_contracts_and_end_customer_defaults) This section details the status of resale contracts, highlighting end customer defaults and the company's legal actions to recover outstanding payments - **119** purchase contracts are accompanied by resale agreements, involving **14** independent end customers[12](index=12&type=chunk) - As of December 31, 2024, the Subsidiary had received approximately **RMB 53.5 million** from end customers (as deposits and prepayments for resale contracts)[12](index=12&type=chunk) - **10** end customers have only partially paid the resale price, and the Company has initiated legal action to recover funds, with approximately **RMB 25.9 million** (representing **36.9%** of the total impairment loss) in non-refundable deposits expected to be forfeited[12](index=12&type=chunk) [Company's Remedial Actions and Future Outlook](index=4&type=section&id=companys_remedial_actions_and_future_outlook) The company has implemented various measures to address challenges, including legal actions against defaulting customers, engaging customs brokers to expedite clearance, exploring overseas markets for car disposal, and planning expansion into the EU market and collaborations with Chinese manufacturers to overcome obstacles and enhance business performance - The Company has engaged Chinese law firms to issue **13** lawyer's letters and **29** demand notes to defaulting end customers, initiating formal lawsuits against **two** unresponsive customers in 2025[13](index=13&type=chunk) - Since late 2024, a licensed customs broker has been engaged to handle car customs clearance procedures, with revised clearance policies in April 2025 expected to streamline customs clearance[13](index=13&type=chunk) - The Company is actively disposing of cars through various channels to other regions, such as South Korea and the Middle East; as of June 30, 2025, **50** cars have been resold, recovering approximately **RMB 7.2 million**, and **7** cars delivered to end customers, with deposits of approximately **RMB 10.1 million** treated as partial purchase payments[14](index=14&type=chunk) - The Company plans to explore more overseas markets, particularly the EU market, and new customers, and has begun discussions with some Chinese manufacturers for export cooperation to enhance the revenue, profit, and operational levels of this business segment[14](index=14&type=chunk) [Board Statement and Information](index=5&type=section&id=board_statement_and_information) The Board confirms that the information contained in this announcement is accurate and complete, without misleading or fraudulent content, and the supplementary information does not affect other data in the annual report, which will be published on the Hong Kong Stock Exchange and the company website - The Board confirms that the information contained in this announcement is accurate and complete in all material respects, without any misleading or fraudulent content[16](index=16&type=chunk) - The aforementioned supplementary information does not affect other information contained in the annual report, and all other information in the annual report remains unchanged[14](index=14&type=chunk) - This announcement will be available for viewing on the website of The Stock Exchange of Hong Kong Limited and the Company's website for at least seven days from the date of publication[16](index=16&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。 （於開曼群島註冊成立及於百慕達存續之有限公司） （股份代號：8120） 二零二五年中期業績公佈 國 農 金 融 投 資 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 稱 為「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 六 個 月 之 未 經 審 核 業 績。本 公 佈 載 有 本 公 司 二 零 二 五 年 中 期 報 告 全 文，乃 符 合 香 港 聯 合 交 易 所 有 限公司GEM證 券 上 市 規 則（「GEM上市規則」）中 有 關 中 期 業 績 初 步 公 佈 附 載 資 料 之相關要求。 承董事會命 國農金融投資有限公司 主 席 吳文俊 香港，二零二五年八月十五日 於本公告日期，董事會包括三名執行董事，即吳文俊先生、吳廷浩先生及陳志鋒 先生及三名獨立非執行董事，即陳衍行先生、洪君毅先生及吳婧女士。 ...

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。 ( 於開曼群島註冊成立之有限公司 ) （股份代號：1313） 二零二五年中期業績公告 | | 截至六月三十日止六個月 | | | | | | --- | --- | --- | --- | --- | --- | | | 二零二五年 | | 二零二四年 | | (減少)/ | | | (未經審核) | | (未經審核) | | 增加 | | 營業額 （人民幣百萬元） | 10,205.6 | | 10,311.7 | | (1.0)% | | 本公司擁有人應佔盈利 | | | | | | | （人民幣百萬元） | 306.7 | | 165.8 | | 85.0% | | 每股基本盈利 | 人民幣 0.044 | 元 | 人民幣 0.024 | 元 | | | 每股中期股息 | 港元 0.014 | | 0.02 港元 | | | | | 於二零二五年 | | 於二零二四年 | | (減少)/ | | ...

[Interim Results Announcement](index=1&type=section&id=Interim%20Results%20Announcement) This section presents the unaudited condensed consolidated interim results for the six months ended June 30, 2025, with comparative data [Introduction](index=1&type=section&id=Introduction) The Board presents the unaudited condensed consolidated interim results for the six months ended June 30, 2025, including comparative figures - This announcement presents the unaudited condensed consolidated interim results of Zhisou Technology Group Limited and its subsidiaries for the six months ended June 30, 2025, with comparative figures for the same period in 2024[3](index=3&type=chunk) [Interim Condensed Consolidated Statement of Profit or Loss](index=2&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss) [Profit or Loss Overview](index=2&type=section&id=Profit%20or%20Loss%20Overview) The Group achieved a net profit of HK$150,996 thousand, a significant turnaround from a prior-year loss, primarily due to a one-off gain Key Data from Interim Condensed Consolidated Statement of Profit or Loss | Metric | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Revenue | 11,713 | 25,569 | | Gross Profit | 11,713 | 25,569 | | Other income and gains | 14,385 | 271 | | Gain on disposal of a subsidiary | 244,670 | – | | Impairment loss on prepayments, other receivables and other assets | (90,063) | – | | Profit/(Loss) before tax | 150,996 | (11,286) | | Profit/(Loss) for the period | 150,996 | (11,286) | | Basic and diluted earnings/(loss) per share attributable to owners of the parent | 148.45 HK Cents | (11.52) HK Cents | - The profit for the period was primarily contributed by a one-off gain of **HK$244,670 thousand** from the disposal of a subsidiary[4](index=4&type=chunk) - Revenue decreased from **HK$25,569 thousand** in 2024 to **HK$11,713 thousand** in 2025[4](index=4&type=chunk) [Interim Condensed Consolidated Statement of Comprehensive Income](index=4&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) [Comprehensive Income Overview](index=4&type=section&id=Comprehensive%20Income%20Overview) The Group recorded a total comprehensive profit of HK$150,373 thousand, a significant improvement from a prior-year loss, primarily due to net profit Key Data from Interim Condensed Consolidated Statement of Comprehensive Income | Metric | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Profit/(Loss) for the period | 150,996 | (11,286) | | Exchange differences arising from translation of overseas operations | (623) | (1,374) | | Total comprehensive profit/(loss) for the period | 150,373 | (12,660) | - Exchange differences resulted in other comprehensive losses, but had a minor impact on the overall comprehensive profit[6](index=6&type=chunk) [Interim Condensed Consolidated Statement of Financial Position](index=5&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) [Financial Position Overview](index=5&type=section&id=Financial%20Position%20Overview) The Group's net deficit significantly decreased to HK$224,707 thousand, primarily due to a substantial reduction in current liabilities Key Data from Interim Condensed Consolidated Statement of Financial Position | Metric | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Total non-current assets | 295,851 | 303,703 | | Total current assets | 60,689 | 139,059 | | Total current liabilities | 581,247 | 824,780 | | Net current liabilities | (520,558) | (685,721) | | Net deficit | (224,707) | (382,018) | - Total current liabilities decreased from **HK$824,780 thousand** to **HK$581,247 thousand**, improving the net liability position[8](index=8&type=chunk) - Cash and cash equivalents slightly decreased from **HK$38,826 thousand** to **HK$37,271 thousand**[8](index=8&type=chunk) [Notes to the Interim Condensed Consolidated Financial Statements](index=7&type=section&id=Notes%20to%20the%20Interim%20Condensed%20Consolidated%20Financial%20Statements) [1. Company and Group Information](index=7&type=section&id=1.%20Company%20and%20Group%20Information) Zhisou Technology Group Limited, listed on HKEX, primarily engages in media and cultural businesses, with Dingchuang Investment Limited as its largest shareholder - The Company is principally engaged in media and cultural businesses[10](index=10&type=chunk) - As of June 30, 2025, the Company had no controlling shareholder, with Dingchuang Investment Limited being the single largest shareholder[10](index=10&type=chunk) [2. Basis of Preparation](index=7&type=section&id=2.%20Basis%20of%20Preparation) The interim condensed consolidated financial information is prepared in accordance with HKAS 34 and should be read with annual financial statements - The interim financial information is prepared in accordance with **HKAS 34**[11](index=11&type=chunk) [3. Changes in Accounting Policies and Disclosures](index=8&type=section&id=3.%20Changes%20in%20Accounting%20Policies%20and%20Disclosures) Newly adopted revised HKFRS, including amendments to HKAS 21, had no significant financial impact on the Group's financial position - New standards and amendments had no significant financial impact on the Group's financial position and performance[13](index=13&type=chunk) [4. Operating Segment Information](index=9&type=section&id=4.%20Operating%20Segment%20Information) The Group's operating segment is primarily media and cultural businesses, with assets of HK$356,540 thousand and liabilities of HK$581,247 thousand Operating Segment Assets and Liabilities | Metric | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Segment assets (Media and cultural businesses) | 356,540 | 442,762 | | Segment liabilities (Media and cultural businesses) | (581,247) | (824,780) | [5. Revenue](index=10&type=section&id=5.%20Revenue) The Group's revenue from customer contracts significantly decreased to HK$11,713 thousand, all from US market films recognized at a point in time Revenue Analysis | Metric | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Revenue from contracts with customers | 11,713 | 25,569 | | Revenue from US market films | 11,713 | 25,569 | | Timing of revenue recognition (at a point in time) | 11,713 | 25,569 | - All revenue was derived from the US market film business[15](index=15&type=chunk)[16](index=16&type=chunk) [6. Profit/Loss Before Tax](index=12&type=section&id=6.%20Profit%2FLoss%20Before%20Tax) The Group's profit or loss before tax is influenced by depreciation, net exchange differences, and waived interest payable Items Affecting Profit/Loss Before Tax | Metric | 2025 (HK$ Thousand) | 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Depreciation of property, plant and equipment | 12 | 254 | | Depreciation of right-of-use assets | – | 1,110 | | Exchange differences, net | 2,668 | (612) | | Interest payable waived | (12,473) | – | [7. Income Tax Expense](index=12&type=section&id=7.%20Income%20Tax%20Expense) No Hong Kong profits tax provision was made; other regional income taxes are calculated at local rates, including China (25%) and US (21% federal + 7% California) - There was no income tax expense for the current period or the prior period[19](index=19&type=chunk) - China's corporate income tax rate is **25%**, and the US income tax rate is **21%** federal plus **7%** California tax[18](index=18&type=chunk) [8. Dividends](index=13&type=section&id=8.%20Dividends) No interim dividends were paid or declared by the Company for the periods ended June 30, 2025, and 2024 - No interim dividends were paid or declared for the current period or the prior period[20](index=20&type=chunk) [9. Earnings/Loss Per Share](index=13&type=section&id=9.%20Earnings%2FLoss%20Per%20Share) Basic earnings per share were 148.45 HK cents, a significant improvement from a prior-year loss, primarily due to increased profit Earnings/Loss Per Share | Metric | 2025 (HK Cents) | 2024 (HK Cents) | | :--- | :--- | :--- | | Basic and diluted earnings/(loss) per share | 148.45 | (11.52) | - Basic earnings per share are calculated based on profit attributable to owners of the parent of **HK$150,996 thousand** and a weighted average of **101,712,833** shares[21](index=21&type=chunk) [10. Trade Receivables](index=13&type=section&id=10.%20Trade%20Receivables) As of June 30, 2025, the Group's trade receivables had a net carrying amount of zero due to full impairment provision Trade Receivables | Metric | June 30, 2025 (HK$ Thousand) | December 31, 2024 (HK$ Thousand) | | :--- | :--- | :--- | | Trade receivables | 18,845 | 96,152 | | Impairment | (18,845) | (96,152) | | Net carrying amount | – | – | - All trade receivables were fully impaired, and the aging analysis showed zero receivables within 6 months[22](index=22&type=chunk) [Management Discussion and Analysis](index=14&type=section&id=Management%20Discussion%20and%20Analysis) [Business and Operations Review](index=14&type=section&id=Business%20and%20Operations%20Review) Media and cultural businesses are recovering from pandemic and strike impacts, with revenue still affected by delays; a one-off gain from subsidiary disposal led to net profit - Global media businesses are recovering from the impacts of the **COVID-19 pandemic** and the **2023 US Writers Guild and Actors Guild strikes**[23](index=23&type=chunk) - For the six months ended June 30, 2025, media and cultural business revenue was approximately **HK$11.7 million**, a year-on-year decrease[23](index=23&type=chunk) - The period recorded a one-off net gain of approximately **HK$244.7 million** from the disposal of a subsidiary, resulting in a net profit attributable to owners of the Company of approximately **HK$151.0 million**[23](index=23&type=chunk) [Media and Culture](index=14&type=section&id=Media%20and%20Culture) The Group invested approximately HK$292.8 million in film and TV series productions, director incubation projects, and related prepayments Film and TV Series Productions and Investments | Metric | June 30, 2025 (HK$ Million) | December 31, 2024 (HK$ Million) | | :--- | :--- | :--- | | Film and TV series productions and investments, film director incubation projects and related prepayments | 292.8 | 289.7 | [Film and Television Investments and Works](index=15&type=section&id=Film%20and%20Television%20Investments%20and%20Works) The Group invested in several renowned films like "Crazy Rich Asians" and "Midway," achieving global market success and recognition - "Crazy Rich Asians" achieved a global box office of **US$238,532,921**, marking it as Hollywood's first non-period film with an all-Asian cast in 25 years[25](index=25&type=chunk) - "Midway" had a global box office of **US$126,696,475** and an audience score of **92%** on Rotten Tomatoes[28](index=28&type=chunk) - "Malignant" received praise from legendary horror author Stephen King, with an IMDb rating of **6.3/10** and a Tomatometer approval rating of **76%**[31](index=31&type=chunk)[32](index=32&type=chunk) - "Umma," produced by renowned horror master Sam Raimi and starring Sandra Oh, won the **ReFrame Stamp** film award[36](index=36&type=chunk) [Film Director Incubation Projects](index=19&type=section&id=Film%20Director%20Incubation%20Projects) To diversify revenue, the Group engaged 10 directors, developed 44 film projects (38 scripts completed), exploring diverse distribution and financing channels - The Group has engaged **10 directors**, including James Wan, Roland Emmerich, Jon M Chu, Robert Zemeckis, Alan Taylor, Jonathan Liebesman, F Gary Gray, Sylvester Stallone, Nattawut Poonpiriya, and Sam Raimi[39](index=39&type=chunk) - **44** film projects have been developed, with **38** scripts completed[40](index=40&type=chunk) - Projects will adopt a diversified structure, including streaming distribution, international sales, tax rebates, North American minimum guarantees, and metaverse derivative applications (**NFTs/digital collectibles, blockchain games**)[42](index=42&type=chunk) - Revenue sources include recovery of development costs plus profit, production fees, backend participation, return on investment, online/theatrical distribution, IP licensing, merchandise sales, Web3, and metaverse monetization[42](index=42&type=chunk) [Media and Culture Operating Results](index=21&type=section&id=Media%20and%20Culture%20Operating%20Results) Media and cultural business revenue was approximately HK$11.7 million, a decrease from the prior year, primarily due to project and revenue delays Media and Culture Operating Results | Metric | 2025 (HK$ Million) | 2024 (HK$ Million) | | :--- | :--- | :--- | | Revenue | 11.7 | 25.6 | | Gross Profit | 11.7 | 25.6 | - Slowdown in business activities and delays in some film and TV series projects negatively impacted future cash flow forecasts[43](index=43&type=chunk) [Financial Review](index=22&type=section&id=Financial%20Review) The Group achieved a net profit of HK$151.0 million, primarily due to a one-off gain from subsidiary disposal, improving EPS and reducing net deficit Key Financial Review Data | Metric | 2025 (HK$ Million) | 2024 (HK$ Million) | | :--- | :--- | :--- | | Net profit/(loss) attributable to owners of the Company | 151.0 | (11.3) | | One-off net gain from disposal of a subsidiary | 244.7 | – | | Basic earnings/(loss) per share | 148.45 HK Cents | (11.52) HK Cents | | Net deficit (period-end) | (224.7) | (382.0) | - The turnaround was primarily due to a one-off net gain of approximately **HK$244.7 million** from the disposal of a subsidiary[45](index=45&type=chunk) [Future Plans and Outlook](index=22&type=section&id=Future%20Plans%20and%20Outlook) The Group expects media and cultural businesses to normalize, but economic and strike impacts may persist; plans include metaverse development, digital platforms, and new business expansion - Media and cultural business activities are expected to return to normal levels, but the negative impacts of economic downturns and strikes may persist for several years[46](index=46&type=chunk) - Plans include leveraging Hollywood IP resources to develop metaverse businesses, advancing digital product platform construction, and establishing subsidiaries in Hong Kong and Mainland China to expand cross-border e-commerce[48](index=48&type=chunk) - Exploring new business opportunities, including producing short videos and web series (Chinese novel copyrights acquired, with two web series expected to be released in the second half of 2025)[48](index=48&type=chunk) - Expanding into new energy businesses (supplementary agreement signed, with one-off construction revenue and quarterly service fees expected to be recognized starting in the second half of 2025)[48](index=48&type=chunk) - The new metaverse business will integrate **AI technology** into the digital product platform, with testing phases expected to commence around the end of 2025[48](index=48&type=chunk) [Significant Investments](index=24&type=section&id=Significant%20Investments) The Group held no significant investments during the reporting period - No significant investments were held during the period[49](index=49&type=chunk) [Significant Acquisitions and Disposals](index=24&type=section&id=Significant%20Acquisitions%20and%20Disposals) The Group did not undertake any significant acquisitions or disposals of subsidiaries, associates, or joint ventures requiring shareholder notification - No significant acquisitions or disposals requiring shareholder notification were undertaken during the period[50](index=50&type=chunk) [Interim Dividends](index=24&type=section&id=Interim%20Dividends) The Board does not recommend the payment of any interim dividend for the six months ended June 30, 2025 - The Board does not recommend the payment of an interim dividend[51](index=51&type=chunk) [Capital Structure](index=24&type=section&id=Capital%20Structure) As of June 30, 2025, the Group's net deficit was approximately HK$224.7 million, an improvement from HK$382.0 million on December 31, 2024 Capital Structure | Metric | June 30, 2025 (HK$ Million) | December 31, 2024 (HK$ Million) | | :--- | :--- | :--- | | Net deficit | (224.7) | (382.0) | [Liquidity and Financial Resources](index=24&type=section&id=Liquidity%20and%20Financial%20Resources) The Group funds operations via internal cash, borrowings, and shareholder advances; with HK$37.3 million in cash and a 0.10 current ratio, liquidity is tight, but shareholder support is anticipated - The Group generally funds its operations through internally generated cash flows, interest-bearing borrowings, shareholder advances, and the issue of promissory notes and/or convertible bonds[53](index=53&type=chunk) Liquidity | Metric | June 30, 2025 (HK$ Million) | December 31, 2024 (HK$ Million) | | :--- | :--- | :--- | | Bank balances and cash | 37.3 | 38.8 | | Current ratio | 0.10 | 0.17 | - The Company believes its shareholders will continue to provide financial assistance to the Group when and if required[53](index=53&type=chunk) [Exchange Rate Fluctuation Risk](index=25&type=section&id=Exchange%20Rate%20Fluctuation%20Risk) Most assets, liabilities, and transactions are in HKD, RMB, and USD, posing no significant foreign exchange risk, and no hedging instruments were used - The Group does not face significant foreign exchange risk and therefore has not used any financial instruments for hedging purposes[55](index=55&type=chunk) [Employees and Remuneration Policy](index=25&type=section&id=Employees%20and%20Remuneration%20Policy) As of June 30, 2025, the Group employed 22 staff, with remuneration based on market levels and performance, complemented by a share option scheme Number of Employees | Metric | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | Number of employees | 22 | 20 | - Remuneration policy is primarily determined by current market salary levels and individual performance, with employees eligible to participate in a share option scheme[56](index=56&type=chunk) [Other Information](index=26&type=section&id=Other%20Information) [Post-Reporting Period Events](index=26&type=section&id=Post-Reporting%20Period%20Events) On July 25, 2025, the Company completed a new share placing, raising HK$38.7 million for debt repayment, new business development, and working capital - A placing of new shares was completed on **July 25, 2025**, with net proceeds of approximately **HK$38.7 million**[57](index=57&type=chunk) - The net proceeds are intended for debt repayment (approximately **HK$22.9 million**), developing new business opportunities (approximately **HK$11.8 million**), and supplementing working capital (approximately **HK$4.0 million**)[57](index=57&type=chunk) [Fundraising Activities and Use of Proceeds](index=26&type=section&id=Fundraising%20Activities%20and%20Use%20of%20Proceeds) On June 2, 2025, the Company completed a new share placing, raising HK$6.9 million for debt repayment and working capital, with HK$2.1 million utilized - A placing was completed on **June 2, 2025**, with gross proceeds of approximately **HK$7.1 million** and net proceeds of approximately **HK$6.9 million**[59](index=59&type=chunk) Use of Placing Proceeds | Intended Use | Amount Available (HK$ Million) | Actual Amount Utilized (HK$ Million) | Unutilized Balance (HK$ Million) | | :--- | :--- | :--- | :--- | | Debt repayment | 2.1 | – | 2.1 | | General working capital | 4.8 | 2.1 | 2.7 | | Total | 6.9 | 2.1 | 4.8 | [Corporate Governance](index=28&type=section&id=Corporate%20Governance) The Board believes the Company complied with all applicable provisions of the Corporate Governance Code set out in Appendix C1 to the Listing Rules - The Company has complied with all applicable provisions of the Corporate Governance Code set out in Appendix C1 of the Listing Rules[61](index=61&type=chunk) [Audit Committee](index=28&type=section&id=Audit%20Committee) The Audit Committee reviewed the Group's unaudited interim financial statements, confirming compliance with applicable accounting standards, Listing Rules, and legal requirements - The Audit Committee has reviewed the interim condensed consolidated financial statements and believes their preparation complies with applicable accounting standards, Listing Rules, and legal requirements[62](index=62&type=chunk) [Purchase, Sale or Redemption of Listed Securities](index=28&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20Listed%20Securities) 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 - Neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities[63](index=63&type=chunk) [Publication of Interim Results Announcement and Interim Report](index=28&type=section&id=Publication%20of%20Interim%20Results%20Announcement%20and%20Interim%20Report) This interim results announcement has been published on the Company's and Stock Exchange's websites, with the interim report to be published in due course - The interim results announcement has been published on the Company's website (www.zskj.com.hk) and the Stock Exchange's website (http://www.hkexnews.hk)[64](index=64&type=chunk) [Acknowledgement](index=29&type=section&id=Acknowledgement) [Acknowledgement to Stakeholders](index=29&type=section&id=Acknowledgement%20to%20Stakeholders) The Board expresses gratitude to all colleagues for their efforts and thanks all stakeholders for their trust and support - The Board expresses gratitude for the hard work, dedication, loyalty, and integrity of all colleagues[65](index=65&type=chunk) - Appreciation is extended to all shareholders, customers, business partners, bankers, and other business associates for their trust and support[65](index=65&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。 一、重要提示 1、 本半年度業績公告來自2025年半年度報告全文，為全面瞭解北京京城機電股份有限公司（「公 司」或「本公司」）的經營成果、財務狀況及未來發展規劃，投資者應當閱讀2025年半年度報 告全文。 2、 本公司董事會（「董事會」）、監事會（「監事會」）及董事（「董事」）、監事、高級管理人員保證 2025年半年度業績公告內容的真實性、準確性、完整性，不存在虛假記載、誤導性陳述或重 大遺漏，並承擔個別和連帶的法律責任。 3、 全體董事出席董事會會議。 4、 2025年半年度業績未經審計。 5、 經董事會審議的自2025年1月1日起至2025年6月30日止期間（「報告期」）的利潤分配預案或公 積金轉增股本預案 1 北京京城機電股份有限公司 Beijing Jingcheng Machinery Electric Company Limited （在中華人民共和國註冊成立之股份有限公司） （股份代號：0 ...

[Supplemental Announcement Overview](index=1&type=section&id=Supplemental%20Announcement%20Overview) This section outlines the supplemental announcement's purpose, share option scheme details, and board member composition [Purpose and Background of the Announcement](index=1&type=section&id=Purpose%20and%20Background%20of%20the%20Announcement) Lexus Group Limited issued this supplemental announcement to provide additional share option scheme information for its 2024 annual report, to be read concurrently - This announcement supplements the annual report of Lexus Group Limited (Stock Code: 2540) for the year ended December 31, 2024, and should be read in conjunction with the original annual report[2](index=2&type=chunk) - The supplementary information primarily concerns the share option scheme, provided in accordance with Rule 17.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[3](index=3&type=chunk) [Supplemental Information on Share Option Scheme](index=1&type=section&id=Supplemental%20Information%20on%20Share%20Option%20Scheme) This announcement clarifies share issuance limits for the share option scheme, restricting shares issued to **1%** of total issued shares in any 12-month period - The supplemental announcement provides additional information on the share option scheme to comply with Rule 17.09 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited[3](index=3&type=chunk) - The total number of shares issued and to be issued upon the exercise of share options (whether exercised or outstanding) in any 12-month period shall not exceed **1%** of the company's then-issued shares[3](index=3&type=chunk) [Board Members and Announcement Date](index=1&type=section&id=Board%20Members%20and%20Announcement%20Date) This announcement details the board's composition (executive, non-executive, independent non-executive directors) and specifies the announcement date as **August 15, 2025** - The announcement date is **August 15, 2025**[3](index=3&type=chunk) Board Composition | Category | Name | | :--- | :--- | | **Executive Directors** | Mr. ZHAO Libing (Chairman), Mr. YU Canliang, Mr. NIE Jiang, Ms. SHU Qing | | **Non-Executive Directors** | Ms. CHANG Qing | | **Independent Non-Executive Directors** | Mr. LU Yao, Ms. ZHENG Hong, Mr. HU Hui |