Executive Compensation - The total compensation for Mr. He from June 10, 2019, to December 31, 2023, amounts to HK$5,064,000, with a breakdown of HK$4,000,000 in salary and allowances, HK$1,168,000 in voluntary forfeiture, and HK$896,000 in bonuses[3] - Mr. He’s projected total compensation for the year 2024 is HK$1,219,000, which includes HK$1,149,000 in salary and allowances and HK$70,000 in voluntary forfeiture[3] - The total compensation for Mr. Su during his tenure as CEO from August 1, 2016, to March 17, 2017, was HK$1,606,000[2] - Mr. Tao's total compensation from October 12, 2018, to June 10, 2019, was HK$976,000, with HK$559,000 in salary and allowances and HK$100,000 in bonuses[2] - The company is committed to transparency in executive compensation, providing detailed breakdowns for each CEO's tenure[2][3] - The company has outlined its executive compensation strategy, which includes salary, bonuses, and retirement benefits[3] Governance and Compliance - The company has maintained its annual report data without any changes, ensuring consistency in financial disclosures[3] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[5] - The financial data presented reflects the company's adherence to listing rules and regulations, ensuring compliance and accountability[2] - The board is led by Chairman Teguh Halim, indicating stable leadership during the reporting period[4]

Equipment Orders and Development - The Company secured 7 new orders for semiconductor cleaning equipment, including a high-temperature sulfuric acid cleaning equipment, with successful deliveries to customers[13]. - For Low-Pressure Chemical Vapor Deposition (LPCVD) equipment, the Company obtained 2 new orders, both of which have been successfully delivered[13]. - The Company received 4 new orders for CUBE/QUADRA Single Wafer Cleaning Equipment, including repeat orders from existing customers in the power device sector[14]. - The OCTOPUS Single Wafer Cleaning Equipment secured 4 new orders, with two units designated for a 12-inch wafer foundry customer supporting critical cleaning steps in the 28nm process node[15]. - The Company is developing Parallelo Batch Cleaning Equipment for 12-inch wafer cleaning processes, currently in the development and testing phase[18]. - The LPCVD equipment platform has secured two prototype orders for LP-SiN and ALD-SiN processes, both successfully delivered to customers[20]. - The LPCVD equipment series boasts higher filling aspect ratio, uniformity, step coverage, and lower contamination compared to domestic counterparts[20]. - The mass production capability of advanced equipment models is being accumulated and verified through successful order deliveries[13]. - The Company aims to provide customers with solutions that feature stronger overall competitiveness compared to similar equipment from overseas suppliers[20]. - The LPCVD equipment is expected to enter the industrialization phase soon, with higher filling aspect ratios and lower contamination compared to domestic competitors[21]. - The Company is focused on developing innovative and cost-effective wet processing equipment to address industry pain points[21]. - The Company has approximately 140 R&D and technical support personnel, focusing on developing a differentiated product portfolio for semiconductor equipment localization[55]. - The Company is developing innovative and cost-effective wet process equipment to enhance customer efficiency in line with new semiconductor industry trends[56]. Financial Performance - Revenue from sales for the six months ended 30 September 2025 was HK$77.6 million, a decrease of 52.2% compared to HK$162.0 million for the same period in 2024[32]. - Revenue from sales of crude oil was HK$68.4 million, down 19.2% from HK$84.7 million in the previous year[32]. - Gross profit for the period was HK$9.7 million, a decline of 67.2% from HK$29.8 million in the prior year[32]. - The loss before taxation was HK$88.8 million, improving from a loss of HK$158.3 million in the same period last year[32]. - Adjusted EBITDA for the period was a loss of HK$5.6 million, compared to a loss of HK$46.3 million in the previous year[32]. - The company has an order backlog of HK$448 million, with corresponding revenue yet to be recognized[24]. - The amount of unrecognized revenue from orders on hand increased to HK$214,059,000 as of September 30, 2025, up from HK$158,347,000, reflecting a growth of approximately 35%[39]. - The total cumulative delivered revenue from orders decreased to HK$81,383,000 from HK$137,542,000, a decline of approximately 41%[39]. - Loss before taxation for the six months ended September 30, 2025, improved to HK$88,801,000 from HK$158,331,000 in the same period of 2024, representing a reduction of approximately 44%[38]. - The company aims to achieve improved profitability through a substantial order backlog and continuously optimized costs[24]. - Revenue from equipment and services decreased by HK$68.2 million, or approximately 88.2%, from HK$77.3 million for the six months ended September 30, 2024, to HK$9.1 million for the reporting period[125]. - Revenue from external customers in the Semiconductor and solar cell segment decreased from HK$77.3 million in 2024 to HK$9.1 million in 2025[165]. - Revenue from external customers in the Oil and gas and others segment decreased from HK$84.7 million in 2024 to HK$68.4 million in 2025[165]. Market Trends and Projections - The global semiconductor market is projected to reach US$697.1 billion by 2025, with a CAGR of 8%[52]. - The WFE market is projected to reach US$7.6 billion in 2025, accounting for approximately 6% of the global WFE market[49]. - China's domestic semiconductor cleaning equipment market holds around 32% of the global market, valued at over US$2.4 billion, with a localization rate nearing 50%[52]. - The solar cell cleaning equipment market is expected to exceed US$680 million in 2025, representing 8% of the total solar cell equipment market[50]. - The LPCVD equipment market is projected to account for 8% of the global WFE market, approximately US$10 billion by 2025, with the Chinese domestic market representing about US$3.2 billion, or 32% of the global market[67]. - The current localization rate of LPCVD equipment in China's semiconductor market is only about 20%, indicating significant room for growth and development[67]. - The semiconductor and solar cell industries are viewed as major global growth drivers, with a focus on developing high-productivity cleaning and thin-film equipment solutions[116][119]. - Geopolitical uncertainties and export restrictions are reshaping global supply chains in the semiconductor sector, leading to sustained expansion of domestic wafer manufacturing capacity[117]. - In the solar cell sector, long-term fundamentals remain intact despite intensified competition and margin pressure, with technologies like TOPCon and BC dominating new capacity additions[120][123]. Operational and Strategic Initiatives - The company is actively expanding its market presence to secure new orders and maintain positive business momentum[24]. - The company plans to gradually expand investments in semiconductor equipment, anticipating a global semiconductor market growth to US$697.1 billion in 2025, with a CAGR of 8%[48]. - The company aims to enhance operational efficiency by improving the management of the entire chain from R&D to sales and optimizing its financial structure[69]. - The semiconductor cleaning equipment business is focusing on increasing market share in the wafer thinning (BGBM) segment and expanding applications for 12-inch wafer production lines[69]. - The company plans to integrate industry resources and explore potential quality resources through mergers and acquisitions to promote enterprise development[74]. - The company is actively identifying and evaluating investment opportunities in the semiconductor and solar cell industry, marking a significant milestone in its business development[76]. - The management team has extensive experience, with an average industry tenure of over 20 years, focusing on building core competencies to drive new business growth[55]. - The company aims to become a leader in semiconductor cleaning equipment and LPCVD equipment within the next decade, with mid-to-short term objectives focused on market consolidation and technology commercialization[122][124]. Oil and Gas Sector Performance - The gross production volume from the upstream oil and gas business was 163,999 barrels, a decrease from 170,035 barrels, representing a decline of about 3.1%[42]. - The average unit selling price for oil decreased to HK$525 per barrel from HK$625 per barrel, a drop of approximately 16%[42]. - The average unit production cost before depreciation and amortization improved to HK$134 per barrel from HK$156 per barrel, a reduction of about 14%[42]. - The oil and gas industry is gradually recovering, supported by improved operational efficiency and disciplined capital management, while adapting to the global energy transition towards low-carbon sources[78]. - International oil prices remained volatile during the nine months ended September 30, 2025, influenced by geopolitical tensions and global supply-demand dynamics[77]. - The company successfully drilled 4 oil-producing wells during the reporting period, compared to 8 wells in the previous period[42]. - The average daily gross production volume decreased from 945 barrels to 911 barrels[94]. - The average daily gross sales volume decreased from 941 barrels to 905 barrels[94]. - The company incurred exploration and development expenditures of HK$16,453,000 for oil producers and HK$3,083,000 for fracturing workover during the six months ended 30 September 2025[96]. Investment and Financial Management - The company has established subsidiaries in China for R&D and manufacturing of semiconductor and solar cell production equipment[27]. - Britech, a company invested by the Group in 2022, holds a 23.45% equity interest and is classified as an associate in the Group's consolidated financial statements[31]. - The Group has not engaged in any hedging activities for oil price risk or foreign exchange rate risk as of September 30, 2025[176][178]. - The Group's liquidity management includes monitoring compliance with lending covenants and maintaining sufficient cash reserves and marketable securities[182]. - The Group is exposed to various market risks, including oil price risk, currency risk, liquidity risk, interest rate risk, credit risk, equity price risk, and driver management risk[174]. - The Group's credit risk is primarily associated with cash at bank and trade receivables, with limited exposure due to partnerships with state-owned or well-known financial institutions[185]. - The Group establishes provisions for potential litigation losses based on estimates of the losses[190]. - The company expects a challenging market environment but will continue to pursue long-term business and profitability growth[198]. - The Board will closely monitor the performance of its investment portfolios throughout the Fund's term[198]. - As of September 30, 2025, the fair value of the Fund investment held by the Group was HK$178.5 million, representing 7.7% of total assets[197]. - Valuefort Investment Limited has committed to a total capital of US$20 million (approximately HK$155.66 million) for the IDG Capital Project Fund II, L.P.[199]. - As of September 30, 2025, Valuefort has contributed US$14.3 million (approximately HK$111.29 million) to the Fund, with US$5.7 million pending payment[199].

快意智能股份有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8040） 中期報告 2025 產品家族 再添生力軍 COOLPOINT INNONISM HOLDING LIMITED (Incorporated in the Cayman Islands with limited liability) (Stock Code: 8040) A NEW MEMBER JOINS OUR PRODUCT FAMILY INTERIM REPORT 2025 本報告載有遵照聯交所GEM證 券 上 市 規 則（「GEM上市規則」）提 供 的 詳 情，旨 在 提 供 關 於 快 意 智 能 股 份 有 限 公 司（「本公司」）及 其 附 屬 公 司（統 稱 為「本集團」）的 資 料，本 公 司 董 事（「董 事」）就 此 共 同 及 個 別 地 承 擔 全 部 責 任。董 事 經 作 出 一 切 合理查詢後確認，就彼等所深知及確信，本報告所載資料在所有重大方面均屬 準確及完整，並無誤導或欺詐成分，且本報告並無遺漏任何其他事宜導致當中 任何陳述或本報告具誤導成分。 1 快意智能股份有限公司 財務摘要 截 至202 ...

敏 捷 控 股 有限公司 (於開曼群島註冊成立並於百慕達繼續經營之有限公司) (股份代號：186) 2025 中期報告 目錄 頁次 | 公司資料 | 2 | | --- | --- | | 簡明綜合損益表 | 3 | | 簡明綜合損益及其他全面收益表 | 4 | | 簡明綜合財務狀況表 | 5 | | 簡明綜合權益變動表 | 7 | | 簡明綜合現金流量表 | 8 | | 未經審核簡明綜合中期財務報表附註 | 10 | | 管理層討論及分析 | 35 | | 其他資料 | 47 | 公司資料 董事會 執行董事 譚炳照先生 鄧向平先生 嚴國浩先生 梁敏玲女士 胡德勝先生 獨立非執行董事 林金鶯博士 陸正華博士 葉恒青博士 審核委員會 陸正華博士 （主席） 林金鶯博士 葉恒青博士 郭柏成先生 助理公司秘書 Linda Longworth女士 International Managers Bermuda Ltd. 法律顧問 羅夏信律師事務所 任其昌•李鴻生律師行 核數師 薪酬委員會 林金鶯博士 （主席） 陸正華博士 葉恒青博士 提名委員會 譚炳照先生 （主席） 林金鶯博士 葉恒青博士 公司秘書 中匯安達會計師事務所 ...

Stock Repurchase and Treasury Shares - The company repurchased 4,978,000 shares of stock, holding 4,540,000 shares as treasury stock as of December 31, 2024[3]. - The company aims to maintain the same level of treasury shares for future resale or to fulfill share grant obligations[3]. Stock Option Plan - The total number of stock options available for issuance under the stock option plan is 152,542,799 shares, representing approximately 10.66% of the total issued shares as of the 2024 annual report date[4]. - No stock options were granted, exercised, canceled, or lapsed under the stock option plan during the year ending December 31, 2024[4]. - The average revenue growth rate for the fiscal years 2025-2027 must exceed 20% for stock options to vest, with a minimum threshold of 10% for partial vesting[5]. - The fair value of the stock options granted during the period is HKD 37,258,000, with an exercise price of HKD 7.25 per share[5]. - The total number of stock options available for issuance under the plan was zero at the end of the period due to the expiration of the stock option plan[5]. - The stock option plan was adopted on June 30, 2015, and has a remaining term of approximately 6 months as of December 31, 2024[4]. - The company has not granted any stock options since the adoption of the plan until December 31, 2024[5]. Governance Structure - The board of directors consists of both executive and independent non-executive members, ensuring a diverse governance structure[8].

Shareholding - Linekong Interactive Group holds 87,045,455 shares in Axie Infinity, representing approximately 36.82% of the issued share capital[2] Investment - The company has an initial investment of RMB 30,000,000 in Geekbang Fund, which accounts for 25.77% of the fund[2]

Corporate Information 公司資料 INTERIM REPORT 中期報告 2025/2026 現恆建築控股有限公司 1 • 中期報告 2025 / 2026 Contents 目錄 Page/頁次 | Corporate Information | 公司資料 | 2 | | --- | --- | --- | | Highlights | 摘要 | 4 | | Management Discussion and Analysis | 管理層討論與分析 | 5 | | Disclosure of Interests | 權益披露 | 11 | | Corporate Governance and Other Information | 企業管治及其他資料 | 13 | | Consolidated Statement of Profit or Loss and Other Comprehensive Income | 綜合損益及其他全面收益表 | 17 | | Consolidated Statement of Financial Position | 綜合財務狀況表 | 18 | | Co ...

美建集團有限公司 ｜2025/2026 中期報告 CORPORATE INFORMATION Board of Directors Non-Executive Directors Mr. IP Man Tin, David (Chairman) Dr. SZE Ping Fat Executive Directors Mr. CHENG Wai Lun, Andrew Ms. CHENG Wai Ling, Annie, ACA, CPA Independent Non-Executive Directors Mr. CHAN Tsun Choi, Arnold, CPA Mr. POON Kai Tik Mr. HUI Man Ho, Ivan, CPA (Australia) Company Secretary Mr. AU-YONG Shong, Samuel, FCPA Auditors Asian Alliance (HK) CPA Limited Certified Public Accountants Registered Public Interest Entity Auditors Audi ...

Financial Performance - The company recorded a net profit of approximately HKD 191,000 for the six months ending September 30, 2025, an increase of approximately HKD 97,000 compared to the same period in 2024[10]. - Revenue from foundation engineering was approximately HKD 234.3 million, an increase of approximately HKD 108.9 million or 86.8% compared to approximately HKD 125.4 million for the six months ending September 30, 2024[12]. - Other income for the period was approximately HKD 6.8 million, an increase of approximately HKD 1.4 million or 26.9% compared to approximately HKD 5.4 million for the same period in 2024[14]. - For the six months ended September 30, 2025, the company generated revenue of HKD 234.3 million, a significant increase from HKD 125.4 million in the same period of 2024, representing an increase of approximately 87%[40]. - The gross profit for the same period was HKD 3.3 million, compared to HKD 3.8 million in 2024, indicating a slight decrease in gross margin[40]. - The company's profit before tax for the six months ended September 30, 2025, was HKD 191,000, compared to HKD 94,000 for the same period in 2024, representing a 103% increase[74]. Expenses and Costs - Administrative expenses increased to approximately HKD 8.7 million, up approximately HKD 0.7 million or 8.8% from approximately HKD 8.0 million for the six months ending September 30, 2024[15]. - Financing costs decreased to approximately HKD 741,000, a reduction of approximately HKD 59,000 or 7.4% compared to approximately HKD 800,000 for the same period in 2024[16]. - The total employee cost for the period was approximately HKD 63.7 million, up from HKD 35.7 million for the six months ended September 30, 2024[35]. - Employee costs, including director remuneration, increased to HKD 63,706,000 in 2025 from HKD 35,734,000 in 2024, reflecting an increase of 78%[8]. - The total remuneration for directors and senior management for the six months ended September 30, 2025, was HKD 2,407,000, an increase of 25.3% compared to HKD 1,921,000 for the same period in 2024[111]. Cash Flow and Liquidity - As of September 30, 2025, the company reported total cash and cash equivalents of approximately HKD 5.6 million, an increase from HKD 3.8 million as of March 31, 2025[24]. - The net cash increase for the period was HKD 1,789,000, down from HKD 4,175,000 in the same period last year[47]. - For the six months ended September 30, 2025, the operating cash flow was HKD 11,243,000, a decrease of 16.6% from HKD 13,491,000 in the same period of 2024[47]. - Cash and cash equivalents at the end of the period were HKD 5,562,000, down from HKD 8,044,000 at the end of the same period in 2024[47]. - The company’s investment activities resulted in a net cash outflow of HKD 1,533,000, compared to HKD 787,000 in the previous year[47]. - The company’s financing activities led to a net cash outflow of HKD 7,921,000, slightly improved from HKD 8,529,000 in the same period last year[47]. Contracts and Projects - The company has an unrecognized contract amount of approximately HKD 295.9 million as of September 30, 2025, and aims to continue bidding for large and quality projects[10]. - The company completed one project with an original contract amount of approximately HKD 1.6 million during the reporting period and has 31 projects on hand with a total original contract amount of approximately HKD 1.3 billion[11]. - Total contract revenue for the six months ended September 30, 2025, was HKD 234,273,000, representing an increase of 86.7% compared to HKD 125,442,000 in 2024[61]. - Revenue from public projects accounted for HKD 231,755,000, significantly up from HKD 114,178,000 in the previous year, indicating a growth of 103.1%[64]. - The total amount of uncompleted long-term construction contracts is HKD 295,899,000, down from HKD 361,519,000, indicating a decrease of 18%[96]. Assets and Liabilities - The company's debt-to-equity ratio decreased to approximately 33.7% as of September 30, 2025, down from 41.8% as of March 31, 2025, primarily due to a reduction in total liabilities and an increase in total equity from profits[24]. - Trade receivables as of September 30, 2025, amounted to HKD 30,059,000, up from HKD 21,345,000 in 2024, marking an increase of 41%[84]. - The total expected credit loss provision for trade and other receivables increased to HKD 519,000 in 2025 from HKD 409,000 in 2024, indicating a rise of 27%[85]. - The expected credit loss provision increased to HKD 1,494,000 from HKD 1,204,000, reflecting a rise of 24% in the six months ending September 30, 2025[92]. - The total trade payables increased to HKD 46,940,000 from HKD 41,988,000, representing an increase of 12%[99]. Corporate Governance and Shareholder Information - The company has adopted the corporate governance code as per the listing rules, with a noted deviation regarding the roles of the chairman and CEO being held by Mr. Chen[124]. - The company’s major shareholder, Mr. Chan, holds 900,000,000 shares, representing 75% of the total issued share capital[117]. - A sale agreement was signed on October 15, 2025, for the sale of 900,000,000 shares at a price of HKD 80,000,000, equivalent to HKD 0.089 per share[118]. - Following the completion of the sale agreement, Oriental Castle will no longer hold any shares in the company, impacting the ownership structure significantly[119]. - Oriental Castle holds 900,000,000 shares, representing 75% of the company's equity[121]. Related Party Transactions - Significant related party transactions included salaries and allowances for Ms. Chan Sia, amounting to HKD 902,000, which is a 95.0% increase from HKD 462,000 in the previous year[113]. - The company has engaged in various related party transactions, with total remuneration for key management personnel reflecting a focus on aligning compensation with performance[113]. Legal and Compliance - A settlement agreement was reached in October 2025, where the company agreed to pay HKD 9.4 million monthly for 12 months regarding a claim from a service provider[130]. - The audit committee, established on May 14, 2018, consists of three independent non-executive directors and is responsible for reviewing financial statements and internal controls[133]. - The unaudited condensed consolidated interim financial statements have been reviewed by the audit committee, confirming compliance with applicable accounting standards[134].

CHERISH SUNSHINE INTERNATIONAL LIMITED 承輝國際有限公司 (於 百 慕 達 註 冊 成 立 之 有 限 公 司) (股份代號: 1094) 2025 中期報告 目錄 | 公司資料 | 2 | | --- | --- | | 管理層討論及分析 | 4 | | 簡明綜合損益表 | 28 | | 簡明綜合損益及其他全面收益表 | 29 | | 簡明綜合財務狀況表 | 30 | | 簡明綜合權益變動表 | 32 | | 簡明綜合現金流量表 | 34 | | 簡明綜合財務報表附註 | 36 | | 一般資料 | 77 | | 企業管治 | 83 | 中期報告 2025 承輝國際有限公司 2 公司資料 董事 執行董事 楊樺先生 （聯席主席及首席執行官）DBE 周向濤先生 （聯席主席）MBA （於二零二五年十一月十七日辭任） 施金城先生 CFA, CPA, MFin 施金城先生 （就上市規則而言） 劉文傑先生 （就公司條例而言） 公司秘書 非執行董事 伍紹康先生 EMBA （於二零二五年十一月十七日獲委任） 獨立非執行董事 鄧華女士 LL.M, LL.B 趙之郊先生 （聯席主席）BSc ...