Financial Performance - For the six months ended September 30, 2025, the company reported a total comprehensive income of HKD 159,719,000, compared to HKD 168,414,000 for the same period in 2024, representing a decrease of approximately 5.2%[5] - The company recorded a pre-tax loss of HKD 7,990,000 for the six months ended September 30, 2025, slightly improved from a loss of HKD 8,539,000 in the prior year, indicating a reduction of about 6.4%[5] - The company reported a loss attributable to shareholders of approximately HKD 7,378,000 for the six months ended September 30, 2025, translating to a basic loss per share of HKD 0.004, compared to a loss of HKD 7,400,000 or HKD 0.004 per share for the same period in 2024[34] - The basic loss per share for the six months ended September 30, 2025, was HKD 7,378,000, compared to HKD 7,400,000 for the same period in 2024[27] - The company did not declare an interim dividend for the six months ended September 30, 2025, consistent with the previous year[26] Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 2,812,783,000, an increase from HKD 2,651,342,000 as of March 31, 2025, reflecting a growth of approximately 6.1%[7] - The company's non-current assets increased to HKD 2,759,036,000 as of September 30, 2025, up from HKD 2,582,135,000 at the end of the previous fiscal year, marking a rise of about 6.8%[7] - The company’s equity attributable to owners increased to HKD 2,242,653,000 as of September 30, 2025, compared to HKD 2,117,214,000 at the end of March 2025, showing an increase of about 5.9%[9] - As of September 30, 2025, the company's total assets were approximately HKD 2,818,425,000, with a capital debt ratio of zero, indicating no outstanding bank borrowings[36] Cash Flow - The company reported total other income of HKD 675,000 for the six months ended September 30, 2025, down from HKD 1,157,000 in the previous year[22] - The company incurred employee costs of HKD 5,958,000 for the six months ended September 30, 2025, an increase from HKD 5,474,000 in the same period of 2024[25] - For the six months ended September 30, 2025, the company reported a net cash outflow from operating activities of HKD 20,347,000, a slight improvement from HKD 21,485,000 in the same period of 2024[13] - The total cash and cash equivalents at the end of the period decreased to HKD 41,986,000 from HKD 84,179,000 year-over-year[13] - The company’s cash and bank balances decreased to HKD 41,986,000 from HKD 65,853,000, representing a decline of approximately 36.2%[7] Project Development - The company did not engage in any mining or production activities during the review period, focusing instead on community support initiatives related to the Jeanette project[41] - Jeanette project has a total capital cost estimate of $1.252 billion and a cash operating cost of $546 per ounce of gold[47] - The project is expected to produce 6.4 million ounces of gold over a 22-year mine life, with a sustainable total cost of $591 per ounce[47] - Evander project has a total capital cost estimate of $1.126 billion and a cash operating cost of $723 per ounce of gold[51] - The Evander project is projected to produce 4.1 million ounces of gold over a 20-year mine life, with a total cost of $1,010 per ounce[51] Financing and Investment - The company is focusing on securing equity and debt financing for the Jeanette project from independent third parties, including potential investors from China[53] - A new EPC contract was established for the Jeanette project to facilitate its development, with MCC committed to providing necessary resources[53] - The company plans to initiate financing arrangements with a potential investor in Beijing by November 2025[46] - The financing phase for the Jeanette project is expected to be finalized between Q3 2025 and Q2 2026, with the construction phase projected from Q3 2026 to the end of 2028, and production starting from 2029 to 2050[55] - The timeline for both the Jeanette and Evander projects has been delayed by one year to allow for further discussions and finalization of mining plans and financing arrangements[56] Corporate Governance - The company has adhered to the corporate governance code as per the listing rules for the six months ending September 30, 2025[67] - All directors confirmed compliance with the standard code regarding securities trading for the six months ending September 30, 2025[68] - The audit committee, consisting of three independent non-executive directors, discussed accounting principles and financial reporting matters with management for the six months ending September 30, 2025[70] - The company did not purchase, sell, or redeem any of its shares or other listed securities during the reporting period[71] Employee and Shareholder Information - As of September 30, 2025, the total number of employees in the group is 23, with compensation policies based on performance and market conditions[61] - Major shareholders include Goldborn Holdings Limited with 11.03% and Mandra Materials Limited with 6.49% of the issued shares as of September 30, 2025[64] - The company’s 2020 share option plan has not granted or exercised any options as of September 30, 2025, with the authorized limit adjusted from 1,815,147,198 shares to 181,514,719 shares following a share consolidation[62]

CONTENTS 目錄 | Corporate Information | 公司資料 | 02 | | --- | --- | --- | | Management Discussion and Analysis | 管理層討論及分析 | 05 | | Financial Review | 財務回顧 | 11 | | Other Information | 其他資料 | 14 | | Condensed Consolidated Statement of Profit or Loss and | 簡明綜合損益及其他全面收益表 | 29 | | Other Comprehensive Income | | | | Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 | | 30 | | Condensed Consolidated Statement of Changes in Equity 簡明綜合權益變動表 | | 32 | | Condensed Consolidated Statement of Cash Flows | 簡明 ...

中期報 告 2025 INTERIM REPORT 2025 INTERIM REPORT 2025 中期報告 目錄 | 公司資料 | 2 | | --- | --- | | 管理層討論及分析 | 4 | | 其他資料 | 13 | | 簡明綜合損益及其他全面收益表 | 21 | | 簡明綜合財務狀況表 | 22 | | 簡明綜合權益變動表 | 23 | | 簡明綜合現金流量表 | 24 | | 簡明綜合財務報表附註 | 26 | 公司資料 董事會 執行董事 許沛盛先生 （主 席） 湯敏華女士 許業豪先生 （行 政 總 裁） 江文豪先生 獨立非執行董事 梁浩志先生 陳政深先生 吳穎思女士 審核委員會 梁浩志先生 （主 席） 陳政深先生 吳穎思女士 薪酬委員會 梁浩志先生 （主 席） 許業豪先生 吳穎思女士 提名委員會 許沛盛先生 （主 席） 梁浩志先生 陳政深先生 吳穎思女士 授權代表 許業豪先生 江文豪先生 公司秘書 陳詩婷女士 (FCG, HKFCG) 註冊辦事處 P.O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand C ...

Financial Performance - The Group's revenue for the six months ended 30 September 2025 was approximately HK$112.6 million, a decrease of approximately 42.4% compared to HK$195.7 million for the same period in 2024[14]. - Profit attributable to the owners of the Company for the Period was approximately HK$0.7 million, a turnaround from a loss of approximately HK$3.4 million in the same period last year[14]. - Basic and diluted earnings per share for the Period were approximately HK cents 0.01, compared to a loss per share of approximately HK cents 0.06 for the same period in 2024[14]. - The gross profit of the Group for the Period amounted to approximately HK$30.1 million, a decrease of approximately 28.7% compared to approximately HK$42.2 million for the corresponding period in 2024, with a gross profit margin of approximately 26.7%[45]. - The Group recorded a net profit attributable to the owners of the Company of approximately HK$0.7 million for the Period, compared to a net loss of approximately HK$3.4 million for the corresponding period in 2024, primarily due to a decrease in subcontracting costs[56][59]. - Total comprehensive income for the period attributable to owners was HK$520,000, recovering from a loss of HK$3,473,000 in the previous year[144]. - The company reported a decrease in accumulated losses to HK$124,411,000 as of September 30, 2025, from HK$125,075,000 at the start of the period, indicating improved profitability[150]. Revenue Breakdown - Revenue from the foundation and building construction segment was approximately HK$92.4 million, representing a decrease of approximately 41.1% from HK$157.0 million in the corresponding period in 2024[16]. - Revenue from digital assets related businesses was approximately HK$18.8 million, a decrease of approximately 47.6% compared to HK$35.9 million for the same period in 2024[24]. - Revenue generated from trust and custody services was approximately HK$0.4 million, a decrease of approximately 77.8% compared to approximately HK$1.8 million for the corresponding period in 2024[32]. - Revenue from proprietary trading in digital assets was approximately HK$18.8 million, a decrease of approximately 47.6% compared to approximately HK$35.9 million for the same period in 2024[26]. - Revenue from contracts with customers amounted to HK$93,396,000, down 41.3% from HK$159,423,000 in the previous year[194]. - Revenue from foundation and building construction works was HK$92,041,000, a decline of 41.2% compared to HK$156,589,000 in 2024[194]. Assets and Liabilities - The Group's total assets and total liabilities as of 30 September 2025 were approximately HK$329.1 million and approximately HK$179.4 million, respectively, resulting in a debt ratio of approximately 54.5%[57][60]. - Total assets decreased to HK$329,135,000 as of September 30, 2025, down from HK$680,345,000 as of March 31, 2025[147]. - Current assets decreased significantly to HK$307,800,000 from HK$665,569,000, indicating a reduction in liquidity[147]. - Total liabilities decreased to HK$179,398,000 from HK$530,728,000, reflecting a reduction in financial obligations[149]. - Net current assets were HK$128,402,000, slightly down from HK$136,919,000 as of March 31, 2025[149]. Operational Highlights - The Group was awarded 3 new contracts during the Period with a total contract value of approximately HK$81.6 million[18]. - As of 30 September 2025, the Group had 2 projects in progress with a total contract value of approximately HK$496.4 million[22]. - The Group's foundation-related businesses are expected to continue facing severe challenges due to the decline in construction works[78]. - The Group continues to engage in foundation and building construction works, digital assets related businesses, and technical services, indicating a diversified operational focus[156]. Corporate Governance - The Company has complied with the applicable code provisions of the Corporate Governance Code, with the exception of the separation of roles between the Chairman and Chief Executive Officer, which are held by the same individual, Mr. Ren[123][129]. - The Audit Committee, comprising three independent non-executive Directors, has reviewed the Group's unaudited condensed consolidated interim financial information and confirmed compliance with applicable accounting standards and legal requirements[135][137]. - The Board is committed to high standards of corporate governance practices and regularly reviews these practices to meet stakeholder expectations and regulatory requirements[122][130]. Shareholder Information - The total number of issued shares of the Company was 5,370,510,000 shares as of September 30, 2025[100]. - OKC Holdings Corporation holds 3,904,925,001 shares, representing approximately 72.71% of the total issued share capital of the Company[104]. - Mr. Xu Mingxing is deemed to have an interest in 3,904,925,001 shares, equivalent to approximately 72.71% of the total issued share capital[109]. - The newly adopted 2025 Share Option Scheme allows for the grant of up to 537,051,000 shares, representing 10% of the issued shares as of September 5, 2025[113]. Financial Risks and Management - The Group's activities expose it to various financial risks, including market risk, credit risk, and liquidity risk[165]. - The Group's liquidity and funding risk management policies have not changed materially since the year-end[170]. - The directors believe that the carrying amounts of financial assets and liabilities recorded at amortized cost approximate their fair value[181].

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。 MemeStrategy, Inc. 迷策略 （於開曼群島註冊成立的有限公司） （股份代號：2440） 有關 (1)根據二零二五年受限制股份單位計劃授出受限制股份單位；及 (2)二零二四年年報 之補充公告 茲提述迷策略（「本公司」）日期為二零二五年十一月十一日的公告（「該公告」），內 容有關根據本公司二零二五年受限制股份單位計劃授出受限制股份單位，及本公 司於二零二五年四月二十三日刊發之截至二零二四年十二月三十一日止年度的年 報（「二零二四年年報」）。除文義另有界定外，本公告所用詞彙與該公告及二零二 四年年報所界定者具有相同涵義。 向服務提供商參與者授出受限制股份單位 董事會謹此補充有關授出受限制股份單位的若干進一步詳情。 誠如該公告所披露，向SOtify授出的各批受限制股份單位須於各歸屬日期達成以 下歸屬條件：(a)承授人仍受僱於本公司或其集團公司；及(b)績效評估結果令人滿 意（由董事會全權酌情釐定） ...

CONTENTS 目錄 | Abbreviations | 簡稱 | 2 | | --- | --- | --- | | Corporate Information | 公司資料 | 3 | | Management Discussion and Analysis | 管理層討論及分析 | 5 | | Condensed Consolidated Statement of Profit or Loss | 簡明綜合損益表 | 11 | | Condensed Consolidated Statement of Profit or Loss and | 簡明綜合損益及其他全面收益表 | 12 | | Other Comprehensive Income | | | | Condensed Consolidated Statement of Financial Position | 簡明綜合財務狀況表 | 13 | | Condensed Consolidated Statement of Changes in Equity | 簡明綜合權益變動表 | 15 | | Condensed Consolidated ...

Financial Performance - The company recorded revenue of HKD 5,683,972,000 for the six months ended September 30, 2025, representing a 28.2% increase from HKD 4,433,441,000 in the same period of 2024[3][8] - Gross profit increased from HKD 320,946,000 to HKD 348,029,000, reflecting a growth of 8.4%[4][8] - Profit attributable to equity holders rose from HKD 24,619,000 to HKD 39,198,000, marking an increase of 59.5%[5][8] - Basic and diluted earnings per share increased to HKD 0.0895 from HKD 0.0562, a growth of 59.5%[6][8] - The company reported a total comprehensive income of HKD 57,890,000 for the period, compared to HKD 45,544,000 in the previous year, an increase of 27.1%[10][8] - The company reported a profit of HKD 39,198,000 for the six months ended September 30, 2025, compared to a profit of HKD 24,619,000 for the same period in 2024, representing a year-over-year increase of 59.5%[15] Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 6,680,570,000, up from HKD 6,571,231,000 as of March 31, 2025[12][14] - The total liabilities of the group were HKD 5,252,571,000, reflecting an increase from HKD 5,201,122,000 in the previous reporting period[32] - The company’s total liabilities increased to HKD 6,000,000 as of September 30, 2025, compared to HKD 5,000,000 in the previous year, reflecting a rise of 20%[15] - The total equity attributable to equity holders decreased to HKD 1,434,422,000 as of September 30, 2025, down from HKD 1,541,223,000 at the end of September 2024, a decline of 6.9%[15] Cash Flow and Financing - Operating cash flow for the six months ended September 30, 2025, was a net outflow of HKD 65,410,000, an improvement from a net outflow of HKD 110,839,000 in the same period of 2024[17] - The company incurred a loss of HKD 53,964,000 in cash used in operating activities for the six months ended September 30, 2025, which is an improvement from a loss of HKD 107,637,000 in the previous year[18] - The company reported a net cash inflow from financing activities of HKD 195,018,000 for the six months ended September 30, 2025, compared to HKD 77,310,000 in the same period of 2024, indicating a significant increase of 152.5%[18] - Total borrowings increased to HKD 2,990 million from HKD 2,754 million, primarily due to high operational funding needs for large construction and electromechanical projects[61] Revenue Segmentation - Revenue from the construction segment reached HKD 4,203,006,000, up 22.5% from HKD 3,430,681,000 in the previous year[28] - The electromechanical installation segment generated revenue of HKD 1,319,367,000, a 39.6% increase from HKD 945,200,000 in the prior year[28] - Property investment and development revenue increased significantly to HKD 59,585,000 from HKD 10,878,000, marking a growth of 448.5%[28] - The hotel operations segment reported revenue of HKD 4,767,000, with no revenue reported in the same period last year[28] Costs and Expenses - Construction costs increased significantly to HKD 4,007,736,000 in 2025 from HKD 3,207,425,000 in 2024, representing a rise of about 24.9%[35] - Employee costs, including directors' remuneration, rose to HKD 829,936,000 in 2025, up from HKD 717,898,000 in 2024, an increase of approximately 15.6%[35] - Total finance costs decreased to HKD 53,029,000 in 2025 from HKD 69,984,000 in 2024, a reduction of about 24.3%[36] - The total operating expenses rose by HKD 28 million to HKD 281 million, primarily due to increased transportation and wage costs[57] Strategic Initiatives and Operations - The company continues to focus on its core operations in construction, electromechanical installation, and property development, with no new strategic initiatives reported[29] - The company established a second factory in Dongguan to meet future demand, reflecting its commitment to expanding production capacity[57] - The group aims to explore applications of artificial intelligence to enhance competitiveness and market share while maintaining a focus on innovation and sustainability[65] - The integration of Hong Kong and the Greater Bay Area presents transformative opportunities for expanding environmental technology solutions[64] Compliance and Governance - The company has complied with the listing rules as of September 30, 2025, except for the separation of roles between the Chairman and the CEO[72] - The company has adopted the standard code of conduct for securities trading as per the listing rules, confirming compliance for the six months ending September 30, 2025[73]

凱聯國際酒店有限公司 中期報告 （以港幣列示） 董事會謹此宣布本集團截至二零二五年九月三十日止半年度未經審核之綜合業績。該業績 已由香港執業會計師 — 畢馬威會計師事務所根據香港會計師公會頒布的《香港審閱工作準 則》第2410號「獨立核數師對中期財務信息的審閱」進行審閱，並經審核委員會審閱，且無不 同意見。該會計師事務所之無修訂的審閱報告刊載於本中期報告內。 截至二零二五年九月三十日止六個月 綜合損益及其他全面收入表 — 未經審核 | | | 截至九月三十日止六個月 | | | --- | --- | --- | --- | | | 附註 | 二零二五年 | 二零二四年 | | | | 千元 | 千元 | | 收入 | 3 | 148,202 | 151,747 | | 服務成本 | | (48,417) | (48,429) | | 毛利 | | 99,785 | 103,318 | | 其他收入 | 5 | 8,561 | 11,438 | | 其他虧損淨額 | 5 | – | (1) | | 行政費用 | | (18,641) | (17,974) | | 投資物業估值變動前的經營溢利 | | 89,7 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 152,418,000, a decrease of 2.8% compared to HKD 156,388,000 for the same period in 2024[3] - Gross profit for the same period was HKD 102,497,000, down from HKD 106,520,000, reflecting a decline of 3.8%[3] - The operating loss after investment property valuation changes was HKD 132,793,000, compared to a loss of HKD 504,310,000 in the previous year, indicating a significant improvement[3] - The net loss attributable to equity shareholders for the period was HKD 75,428,000, compared to HKD 277,829,000 in the prior year, representing a reduction of 72.8%[3] - Cash generated from operating activities was HKD 77,339,000, down from HKD 87,054,000, a decrease of 8.7%[7] - Other income for the six months ended September 30, 2025, was HKD 8,593,000, a decrease from HKD 11,949,000 in the same period last year[17] - The group incurred a pre-tax loss of HKD 75,428,000 for the six months ended September 30, 2025, compared to a loss of HKD 277,829,000 in the previous year[23] - The group’s interest income decreased to HKD 6,658,000 from HKD 11,570,000 year-on-year[17] - The group’s tax expenses for the six months ended September 30, 2025, were HKD 13,550,000, slightly up from HKD 13,418,000 in the previous year[19] Cash and Assets - Cash and cash equivalents at the end of the period increased to HKD 618,564,000 from HKD 572,862,000, reflecting a growth of 8.0%[7] - Total assets less current liabilities amounted to HKD 7,635,854,000, a decrease from HKD 7,853,472,000 as of March 31, 2025[4] - The total equity attributable to equity shareholders decreased to HKD 3,834,270,000 from HKD 3,947,677,000, a decline of 2.9%[4] - As of September 30, 2025, the total receivables (net of credit loss provisions) amounted to HKD 120,872,000, an increase from HKD 110,479,000 as of March 31, 2025[25] - The group’s total equity as of September 30, 2025, was HKD 7,299,300,000, compared to HKD 7,521,100,000 as of March 31, 2025[28] Dividends and Shareholder Information - The company declared dividends payable to equity shareholders amounting to HKD 37,979,000 during the period[5] - The group declared an interim dividend of HKD 0.05 per share, totaling HKD 23,737,000, down from HKD 28,484,000 in the previous year[21] - The board has declared an interim dividend of HKD 0.05 per share, down from HKD 0.06 per share in the previous year[30] - As of September 30, 2025, the company has a total of 237,370,032 shares held by Tian De Limited, representing 50.001% of the voting shares[39] - The company’s director, Zhong Qiong Lin, holds 46,139,164 shares, accounting for approximately 9.72% of the total voting shares[39] - The director, Zhong Jiong Hui, owns 27,864,420 shares, which is about 5.87% of the total voting shares[39] Operational Performance - The group reported rental income of approximately HKD 19,395,000 from a single customer, which accounted for over 10% of total revenue, compared to HKD 18,182,000 in the previous year[14] - The rental income from the International Plaza for the six months ending September 30, 2025, was approximately HKD 147,000,000, a decrease of about 2.3% year-on-year[28] - The occupancy rate of the International Plaza as of September 30, 2025, was approximately 74.8%, down from 77.0% a year earlier[28] - The group anticipates that rental income and operating performance for the second half of the year will be negatively impacted[29] Financing and Costs - The company reported a financing cost of HKD 3,273,000, down from HKD 5,496,000, indicating a reduction of 40.3%[3] - The group’s financing costs amounted to HKD 3,273,000, a reduction from HKD 5,496,000 in the previous year[18] - The group’s depreciation expenses were HKD 2,128,000, compared to HKD 2,185,000 in the previous year[18] - The group’s net foreign exchange gain was HKD 578,000, down from HKD 1,026,000 in the previous year[17] Corporate Governance - The company has complied with all applicable provisions of the Corporate Governance Code during the six months ending September 30, 2025, except for the lack of insurance arrangements for directors facing legal actions[43] - The company currently does not have an internal audit function, but the board will review the necessity of establishing one annually[45] - The company has not disclosed the remuneration details of senior management by salary band in the annual report, believing it would not negatively impact the company[46] - All directors confirmed compliance with the standard code of conduct regarding securities transactions for the six months ending September 30, 2025[47] Audit and Review - The interim financial report was reviewed, including the consolidated financial position as of September 30, 2025, and the comprehensive income statement for the six-month period[49] - The review was conducted according to the Hong Kong Institute of Certified Public Accountants' standards, focusing on inquiries and analytical procedures[50] - No significant issues were identified that would suggest the interim financial report was not prepared in accordance with the relevant accounting standards[51] - The review was performed by KPMG, with the report issued on November 27, 2025[52]

目錄 | 業績概要 | 2 | | --- | --- | | 管理層討論及分析 | 3 | | 簡明綜合損益表 | 10 | | 簡明綜合損益及其他全面收益表 | 12 | | 簡明綜合財務狀況表 | 14 | | 簡明綜合權益變動表 | 16 | | 簡明綜合現金流量表 | 17 | | 簡明綜合財務報表附註 | 18 | | 董事及最高行政人員之證券權益 | 44 | | 其他人士於股份及相關股份之權益 | 47 | | 企業管治及其他資料 | 48 | 目錄 業績概要 英皇國際集團有限公司（「本公司」）董事會（「董事會」或「董事」）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6個月（「本期間」）之未經審核簡明綜合業績。 | | 截至9月30日止6個月 | | 變動 | | --- | --- | --- | --- | | | 2025年 | 2024年 | | | | （未經審核） | （未經審核） | | | | 千港元 | 千港元 | | | 總收入 | 1,595,375 | 459,378 | +247.3% | | 物業發展 | 1,235,523 | 81,880 ...