Financial Performance - Total revenue for the six months ended September 30, 2025, was approximately RMB 2,352.0 million, an increase of about 10.5% compared to RMB 2,128.2 million for the same period in 2024[2] - Profit for the six months ended September 30, 2025, was approximately RMB 92.0 million, representing a year-on-year increase of about 22.1% from RMB 75.3 million[2] - Basic earnings per share for the six months ended September 30, 2025, was RMB 0.10, an increase of approximately 11.1% compared to RMB 0.09 for the same period in 2024[2] - Gross profit for the six months ended September 30, 2025, was RMB 233.6 million, up from RMB 184.6 million in the previous year, reflecting a significant improvement in profitability[3] - The company reported a total comprehensive income of RMB 93.6 million for the six months ended September 30, 2025, compared to RMB 77.4 million in the previous year, reflecting overall growth[5] - The company reported a net profit of RMB 94,842,000 for the six months ended September 30, 2025, compared to RMB 80,690,000 for the same period in 2024, reflecting a growth of 17.5%[26] - The company's net profit for the six months ended September 30, 2026, was approximately RMB 92.0 million, a 22.1% increase from RMB 75.3 million in the prior year[49] Revenue Sources - Potassium chloride sales contributed RMB 2,170,456,000, up 13.5% from RMB 1,911,006,000 year-over-year[15] - The sales of potassium chloride and potassium sulfate accounted for approximately 92.3% and 6.7% of total revenue, respectively[37] Expenses and Costs - Research and development expenses for the six months ended September 30, 2025, were RMB 19.0 million, compared to RMB 16.8 million in the same period last year, indicating a focus on innovation[3] - Interest expenses on borrowings increased to RMB 11,830,000 from RMB 10,709,000, representing a rise of 10.5%[19] - The cost of inventory recognized as an expense was RMB 2,117,251,000, up from RMB 1,942,601,000, indicating an increase of 9.0%[23] - Cost of goods sold for the six months ended September 30, 2026, was approximately RMB 2,118.4 million, a 9.0% increase from RMB 1,943.7 million in the prior year[38] - General and administrative expenses increased by approximately 16.8% to about RMB 73.7 million, attributed to higher professional fees and business travel expenses[44] Assets and Liabilities - Total assets as of September 30, 2025, were RMB 4,001.7 million, a slight decrease from RMB 4,447.7 million as of March 31, 2025[6] - Current liabilities as of September 30, 2025, were RMB 1,710.0 million, down from RMB 2,161.9 million as of March 31, 2025, indicating improved liquidity management[6] - The company's equity attributable to owners was RMB 2,758.96 million as of September 30, 2025, compared to RMB 2,730.71 million as of March 31, 2025, showing a positive trend in shareholder value[7] - As of September 30, 2025, trade receivables amounted to RMB 184.7 million after deducting credit loss provisions, compared to RMB 312.3 million as of March 31, 2025[30] - The total amount of notes receivable as of September 30, 2025, was approximately RMB 203.3 million, an increase from RMB 129.9 million as of March 31, 2025[30] Dividends and Shareholder Returns - The company declared a final dividend of RMB 0.075 per share for the year ending March 31, 2025, compared to RMB 0.061 per share for the previous year, marking a 22.95% increase[24] - The board recommended a final dividend of RMB 0.075 per share for the year ended March 31, 2025, which was approved by shareholders and paid on October 10, 2025[66] - The board of directors decided not to declare any interim dividend for the six months of the 2026 fiscal year, consistent with the previous fiscal year[66] Strategic Initiatives - The company continues to focus on the production and trade of specialty potassium fertilizers in China, indicating a strategic commitment to its core business[9] - The company plans to establish a subsidiary in Vietnam to operate a new production facility, which is expected to meet the emerging demand in the Asian market[35] - The company has signed a memorandum of understanding to sublease a site for the new facility and is currently seeking necessary local approvals[35] - The company is evaluating strategic business development opportunities in the Middle East, aligning with its long-term global development strategy[35] - The company completed the registration and office leasing for its subsidiary in the Dubai International Financial Centre and Dubai Multi Commodities Centre Free Zone[35] Future Outlook - The company has outlined a future outlook with an expected revenue target of $500 million for the fiscal year 2026, representing a 10% growth year-over-year[77] - The company plans to implement a new marketing strategy that targets eco-conscious consumers, potentially increasing customer base by 18%[77] - The management has provided guidance for the next quarter, expecting a 5% increase in gross margin due to cost optimization strategies[77] Employee and Operational Metrics - As of September 30, 2025, the group had a total of 423 employees, a decrease from 428 employees as of March 31, 2025[65] - The total employee cost for the six months of the 2026 fiscal year was approximately RMB 32.2 million, compared to RMB 31.2 million for the same period in the 2025 fiscal year, reflecting an increase of 3.2%[65] Compliance and Governance - The audit committee reviewed the unaudited interim results for the six months of the 2026 fiscal year and confirmed compliance with applicable accounting principles and standards[70] - The board believes that having the same person serve as both chairman and CEO is beneficial for ensuring internal leadership consistency and effective strategic planning[68]

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所產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Wisdom Education International Holdings Company Limited 光正教育國際控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：6068） 年度業績公告 截 至2025年8月31日止年度 – 3 – 一 節。 – 2 – 截 至2025年8月31日止年度的年度業績 光正教育國際控股有限公司（「本公司」，連 同 其 子 公 司 統 稱 為「本集團」）的董事 （「董 事」）會（「董事會」）欣然宣佈本集團截至2025年8月31日 止 年 度 的 綜 合 業 績。 該等年度業績已經本公司的審核委員會（「審核委員會」）審 閱。 綜合損益及其他全面收益表 | 摘 要 | | | | | | | | --- | --- | --- | --- | --- | --- | -- ...

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。 截至2025年9月30日止六個月之 中期業績公告 摘 要 – 1 – • 有 效 的 產 品 差 異 化 及 銷 售 策 略 帶 動 定 價 首 飾 產 品 銷 售 大 幅 上 升，因 此 本 集團收入較去年同期上升25.6%至68億港元 • 受 惠 於 金 價 上 升 及 毛 利 率 較 高 的 定 價 首 飾 產 品 銷 售 佔 比 增 加，本 集 團 整 體毛利率上升2.0個百分點至34.7%的歷史高位 • 營運槓桿效益帶動經營溢利率提升1.6個百分點至11.4%，經 營 溢 利 因 此 上升45.4%至7.8億港元 • 本集團期內溢利增加44.1%至6.0億港元 • 擬派中期股息為每股0.55港元，派息比率為52% • 海外市場拓展穩健，期內淨增加8間海外店舖，並首次進駐越南市場 • 於2025年10月1日至11月21日，港澳及海外市場與內 ...

Financial Performance - For the first half of the fiscal year 2026, the company reported revenue from gaming, hotel, dining, leasing, and related services of approximately HKD 305 million, an increase of about HKD 23 million or 8% compared to HKD 282 million for the same period in fiscal year 2025[5] - The net profit attributable to the company's owners for the first half of fiscal year 2026 was approximately HKD 12 million, down from HKD 16 million in the same period of fiscal year 2025[5] - The total comprehensive income for the first half of fiscal year 2026 was approximately HKD 49 million, compared to HKD 25 million for the first half of fiscal year 2025[5] - The company generated adjusted EBITDA of approximately HKD 39 million for the first half of fiscal year 2026, compared to HKD 44 million for the same period in fiscal year 2025[5] - The basic earnings per share for the first half of fiscal year 2026 were HKD 1.44 cents, down from HKD 1.95 cents in the same period of fiscal year 2025[5] - The company reported a pre-tax profit of HKD 16.87 million for the first half of fiscal year 2026, compared to HKD 21.87 million for the same period in fiscal year 2025[6] - The group’s pre-tax profit for the six months was HKD 16,873,000, a decrease of 22.8% from HKD 21,866,000 in the same period last year[15] - The adjusted net profit for the first half of the fiscal year 2026 is HKD 11,605,000, compared to HKD 15,693,000 in the same period of fiscal year 2025, reflecting a decrease[75] - The adjusted EBITDA for the first half of fiscal year 2026 is HKD 31,246,000, slightly up from HKD 30,387,000 in the same period of fiscal year 2025[75] Revenue Breakdown - The gaming business revenue reached HKD 218,447,000, up 11.4% from HKD 196,118,000 year-over-year[20] - Gaming revenue for the first half of fiscal year 2026 was approximately HKD 218,447,000, an 11% increase from HKD 196,118,000 in the first half of fiscal year 2025[39] - The total revenue from hotel operations was HKD 86,675,000 in the first half of fiscal year 2026, a slight increase of 1.3% from HKD 85,544,000 in the first half of fiscal year 2025[41] - Revenue from external customers in the Czech Republic was HKD 242,849,000, representing a 10.4% increase from HKD 219,861,000 in the previous year[18] Assets and Liabilities - As of September 30, 2025, total assets amounted to HKD 695,489,000, an increase from HKD 669,371,000 as of March 31, 2025, reflecting a growth of approximately 3.3%[7] - Total liabilities were reported at HKD 120,859,000, a marginal increase from HKD 120,105,000, showing a growth of about 0.6%[8] - The net asset value increased to HKD 574,630,000 from HKD 549,266,000, marking a rise of approximately 4.6%[8] - The company reported a cash balance of HKD 249,078,000, down from HKD 286,855,000, indicating a decrease of about 13.2%[7] - The company has a bank loan liability of HKD 40,082,000, reduced from HKD 45,243,000, reflecting a decrease of approximately 11.5%[8] - The total bank borrowings amounted to approximately HKD 49 million as of September 30, 2025, with 34% of the borrowings subject to floating interest rates[55] Operational Metrics - The average daily win per slot machine was HKD 1,524 in the first half of fiscal year 2026, up from HKD 1,510 in the same period of fiscal year 2025, reflecting a 0.9% increase[40] - The gaming table win rate increased to 26.9% in the first half of fiscal year 2026, compared to 23.6% in the first half of fiscal year 2025[40] - The average daily total win per gaming table rose to HKD 4,820 in the first half of fiscal year 2026, compared to HKD 3,801 in the same period of fiscal year 2025, reflecting a 26.7% increase[40] - The average occupancy rate across all hotels increased to 59% in the first half of fiscal year 2026, compared to 58% in the same period of fiscal year 2025, representing a 1.7% improvement[45] - The average revenue per available room (RevPAR) across all hotels was HKD 428 in the first half of fiscal year 2026, a 2% increase from HKD 420 in the first half of fiscal year 2025[45] Expenses and Cost Management - Operating expenses for the first half of fiscal year 2026 were approximately HKD 210 million, an increase of 8% compared to HKD 195 million in the first half of fiscal year 2025, driven mainly by increased employee benefits expenses[48] - Employee benefits expenses rose to HKD 104 million in the first half of fiscal year 2026, a 10% increase from HKD 95 million in the same period of fiscal year 2025[49] - Depreciation and amortization expenses increased by 35% to HKD 15 million in the first half of fiscal year 2026, compared to HKD 11 million in the first half of fiscal year 2025[51] - The decline in EBITDA was primarily due to reduced performance in the hotel, dining, and leasing businesses, as well as foreign exchange losses[76] - The group has initiated a performance improvement plan targeting the affected segments, including suspending non-peak dining services and optimizing procurement processes[76] Strategic Initiatives - The company plans to actively seek similar physical casino opportunities in Europe and other jurisdictions in Asia to expand its business[4] - The company is preparing to open its fourth casino in Mikulov, Czech Republic, with operations expected to start by December 2025, pending final government approvals[71] - The company is actively seeking new opportunities through acquisitions and/or bidding for new gaming licenses to expand its operations in Europe, Asia, and other markets[71] - The company emphasizes cost control and execution of transformation strategies as primary objectives to address rising operational expenses[71] - The company plans to allocate part of its unutilized funds to higher-risk investments, such as high-yield bonds, to optimize investment returns[69] Corporate Governance - The company has adopted the principles and provisions of the corporate governance code as per the listing rules, ensuring compliance and maintaining high standards of corporate governance[79] - The audit committee, composed of four independent non-executive directors, has reviewed the accounting principles and practices adopted by the company[80] Miscellaneous - The company did not recommend the payment of an interim dividend for the first half of fiscal year 2026[5] - The group has no contingent liabilities as of September 30, 2025[65] - There were no significant investments or acquisitions of subsidiaries, associates, or joint ventures during the six months ended September 30, 2025[64] - The interim report for the six months ending September 30, 2025, will be published on the appropriate platforms and sent to shareholders as necessary[82]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 347,344,000, representing a 3.5% increase from HKD 335,631,000 in the same period of 2024[2] - Gross profit for the same period was HKD 19,273,000, slightly down by 0.3% from HKD 19,326,000, resulting in a gross margin of 5.5% compared to 5.8% in 2024[2] - The profit attributable to owners of the company was HKD 3,684,000, a significant recovery from a loss of HKD 2,920,000 in the previous year[3] - The company reported a basic and diluted earnings per share of HKD 0.31, compared to a loss per share of HKD 0.24 in the previous year[3] - The company's pre-tax profit for the six months ended September 30, 2025, was HKD 3,684,000, compared to a loss of HKD 2,920,000 in 2024, indicating a turnaround in performance[23] - The profit attributable to owners of the company increased by approximately HKD 6.6 million or 226.2% from a loss of approximately HKD 2.9 million for the six months ended September 30, 2024, to a profit of approximately HKD 3.7 million for the six months ended September 30, 2025, due to increased revenue from new and existing projects[46] Cash and Liquidity - Cash and cash equivalents increased by 65.8% to HKD 80,622,000 from HKD 48,640,000 as of March 31, 2025[2] - Current ratio improved to 2.8 from 2.6, indicating better short-term financial health[2] - Trade receivables decreased to HKD 71,686,000 as of September 30, 2025, from HKD 113,262,000 as of March 31, 2025, a decline of approximately 36.7%[27] - Trade payables as of September 30, 2025, amounted to HKD 53.4 million, down from HKD 68.6 million as of March 31, 2025[31] - The aging analysis of trade payables showed that amounts due within 30 days increased from HKD 34.6 million to HKD 37.5 million[32] Operational Efficiency - Administrative and other operating expenses decreased to HKD 25,533,000 from HKD 29,308,000, reflecting improved cost management[3] - Employee benefit expenses totaled HKD 63,199,000 for the six months ended September 30, 2025, compared to HKD 43,562,000 in 2024, marking an increase of approximately 45%[18] - Other income and gains increased to HKD 10,551,000 from HKD 8,654,000, contributing positively to overall profitability[3] - Other income for the six months ended September 30, 2025, amounted to HKD 10,551,000, an increase from HKD 8,669,000 in the same period of 2024, representing a growth of approximately 21.6%[14] - The company secured four new contracts with a total value of approximately HKD 46.9 million, all of which commenced within the six months ended September 30, 2025[34] Assets and Liabilities - Total assets less current liabilities stood at HKD 315,399,000, up from HKD 311,777,000[5] - As of September 30, 2025, the total assets were approximately HKD 464.1 million, with total liabilities of approximately HKD 149.9 million and total equity of approximately HKD 314.3 million[49] - The estimated total contract balance as of September 30, 2025, was approximately HKD 779.6 million, a decrease of about HKD 150.5 million or 16.2% from HKD 930.1 million as of March 31, 2025[34] - The provision for expected credit losses on trade and other receivables decreased from approximately HKD 1.7 million for the six months ended September 30, 2024, to approximately HKD 0.9 million for the six months ended September 30, 2025, primarily due to a reduction in high credit risk customer balances of approximately HKD 17.0 million[41] Corporate Governance and Compliance - The company has complied with the corporate governance code principles and provisions during the six-month period ending September 30, 2025[80] - The audit committee, established on January 17, 2017, is responsible for reviewing financial information and overseeing internal controls and risk management systems[81] - The unaudited condensed consolidated interim financial statements for the six months ending September 30, 2025, have been reviewed by the audit committee and comply with applicable accounting standards[83] - The company has established a non-competition agreement to prevent competition with its controlling shareholders, which remains effective until September 30, 2025[73] Future Outlook and Strategy - The group anticipates that the construction industry in Hong Kong will enter an accelerated development phase, with a target of constructing 126,000 private housing units over the next decade[65] - The group plans to enhance project management efficiency and site safety by actively applying its patented formwork system and Building Information Modeling (BIM) technology[65] - The group has observed signs of recovery in the construction market, particularly in the public sector, but anticipates rising cost pressures as project volumes increase[66] - The group will continue to focus on providing high-quality and flexible formwork engineering solutions to drive development through operational efficiency and technological innovation[66] Shareholder Information - The interim report will be published on the Hong Kong Stock Exchange website and the company's website, covering the six months ending September 30, 2025[84] - The interim report will be sent to shareholders, and printed copies can be requested for free if there are difficulties accessing electronic communications[84] - The company aims to attract and retain high-quality talent through the new share option and share award plans, which are critical for long-term development and profitability[76][77] Management Changes - The group has appointed Mr. Wang Yuxuan as the new CEO effective October 23, 2025, following the resignation of Ms. Zhou Liqing[60]

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

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

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈的內容概不負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 不 會 就 本 公 佈 全 部 或 任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 RELIANCE GLOBAL HOLDINGS LIMITED 信保環球控股有限公司* （於百慕達註冊成立之有限公司） （股份代號：723） 截至二零二五年九月三十日止六個月之 未經審核中期業績公佈 信 保 環 球 控 股 有 限 公 司（「本公司」）董 事 會（「董事會」或「董 事」）謹 此 公 佈 本 公 司 及 其 附 屬 公 司（統 稱「本集團」）截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月 之 未 經 審 核 簡明綜合業績，連同比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二五年九月三十日止六個月 | | | | | | | | | | 截至九月三十日止六個月 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 二零二四年 | | | ...

麥迪森控股集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：08057） Madison Holdings Group Limited 截 至2025年9月30日 止6個月之中期業績公告 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）GEM的特色 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交 所主板上市的公司帶有較高投資風險。有意投資者應了解投資於該等公司的潛在 風險，並應經過審慎周詳的考慮後方可作出投資決定。 由 於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通 量的市場。 香港交易所及結算有限公司及聯交所對本中期公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本中期公告全部或任何部分內 容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 本公告乃遵照聯交所GEM證 券 上 市 規 則（「GEM上市規則」）而 刊 載，旨 在 提 供 有 關 麥迪森控股集團有限公司（「本公司」）的資料，本公司的董事（「董事」）願就此共同及 個別地承擔 ...

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 香港交易及結算所有限公司及香港聯 合交易所有限公司對本公告的內容概 不負責，對其準確性或完整性亦不發 表任何聲明，並明確表示，概不對因本 公告全部或任何部份內容而產生或因 倚賴該等內容而引致的任何損失承擔 任何責任。 Minshang Creative Technology Holdi ...