GEM Features and Report Responsibility Statement This section outlines the characteristics of the GEM market and the company's responsibility for the report's accuracy and completeness GEM Market Features The GEM market offers a listing platform for SMEs, characterized by higher investment risks, potential for significant market volatility, and unassured liquidity - The GEM market is positioned as a listing platform for small and medium-sized companies, entailing higher investment risks2 - GEM securities may experience significant market volatility, and high liquidity cannot be guaranteed2 Report Responsibility Statement HKEX and the Stock Exchange disclaim responsibility for this report, while the company's directors collectively affirm its accuracy and completeness - Hong Kong Exchanges and Clearing Limited and the Stock Exchange bear no responsibility for the contents of this report2 - The Company's directors confirm the report's information is accurate, complete, and free from misleading or fraudulent content, assuming full responsibility2 Language Version Note The report was originally prepared in English, with the Chinese version being a translation, and the English version prevails in case of discrepancies - The original report was prepared in English, with the Chinese version being a translation3 - In case of any inconsistency between the Chinese and English versions, the English version shall prevail3 Financial Highlights Summary This section provides a concise overview of the Group's key financial performance for the period, including revenue, loss, and earnings per share Key Financial Performance For the six months ended June 30, 2025, the Group's revenue grew by 44.9% to S$7.1 million, with a significant reduction in loss to S$0.2 million Key Financial Performance (S$ thousand) | Metric | Six Months Ended June 30, 2025 (S$ thousand) | Six Months Ended June 30, 2024 (S$ thousand) | Change (S$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | 7,100 | 4,900 | 2,200 | 44.9% | | Loss | (200) | (1,600) | 1,400 | -87.5% | | Basic Loss Per Share (Singapore cents) | (0.02) | (0.23) | 0.21 | -91.3% | - The Board does not recommend the payment of a dividend for the six months ended June 30, 20254 Interim Condensed Consolidated Financial Statements This section presents the Group's unaudited interim financial statements, including comprehensive income, financial position, equity changes, and cash flows Interim Condensed Consolidated Statement of Comprehensive Income For the six months ended June 30, 2025, the Group saw significant revenue growth, a shift from gross loss to profit, and a substantial reduction in operating and period losses Interim Condensed Consolidated Statement of Comprehensive Income (S$ thousand) | Metric | 2025 (S$ thousand) | 2024 (S$ thousand) | Change (S$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | 7,060 | 4,869 | 2,191 | 44.99% | | Cost of sales | (5,517) | (4,987) | (530) | 10.63% | | Gross profit/(loss) | 1,543 | (118) | 1,661 | -1407.63% | | Operating loss | (128) | (1,486) | 1,358 | -91.39% | | Loss for the period | (192) | (1,581) | 1,389 | -87.86% | | Basic and diluted loss per share (Singapore cents) | (0.02) | (0.23) | 0.21 | -91.30% | - Other income increased from S$50 thousand in 2024 to S$175 thousand in 20256 - Exchange differences on translation of foreign operations resulted in other comprehensive loss of S$11 thousand in 20256 Interim Condensed Consolidated Statement of Financial Position As of June 30, 2025, the Group's total assets slightly decreased, primarily due to reductions in non-current assets and cash, with both total equity and liabilities also declining Interim Condensed Consolidated Statement of Financial Position (S$ thousand) | Metric | June 30, 2025 (S$ thousand) | December 31, 2024 (S$ thousand) | Change (S$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Total assets | 8,341 | 8,753 | (412) | -4.71% | | Non-current assets | 1,683 | 2,262 | (579) | -25.59% | | Current assets | 6,658 | 6,491 | 167 | 2.57% | | Total equity | 1,923 | 2,126 | (203) | -9.55% | | Total liabilities | 6,418 | 6,627 | (209) | -3.15% | - Cash and cash equivalents decreased from S$1,779 thousand as of December 31, 2024, to S$759 thousand as of June 30, 20258 - Trade and other receivables increased from S$4,132 thousand to S$4,992 thousand8 Interim Condensed Consolidated Statement of Changes in Equity For the six months ended June 30, 2025, equity attributable to the company's owners decreased due to the loss for the period and exchange differences from foreign operations translation Interim Condensed Consolidated Statement of Changes in Equity (S$ thousand) | Metric | January 1, 2025 (S$ thousand) | June 30, 2025 (S$ thousand) | Change (S$ thousand) | | :--- | :--- | :--- | :--- | | Equity attributable to owners of the Company | 2,141 | 1,938 | (203) | | Loss for the period | - | (192) | (192) | | Exchange differences on translation of foreign operations | - | (11) | (11) | - Share capital, share premium, capital reserve, and other reserves remained unchanged during the period11 Unaudited Condensed Consolidated Cash Flow Statement For the six months ended June 30, 2025, net cash used in operating activities increased, cash outflow from investing activities decreased, and financing activities shifted to net outflow, resulting in a net decrease in cash and cash equivalents Unaudited Condensed Consolidated Cash Flow Statement (S$ thousand) | Metric | 2025 (S$ thousand) | 2024 (S$ thousand) | Change (S$ thousand) | | :--- | :--- | :--- | :--- | | Net cash used in operating activities | (792) | (683) | (109) | | Net cash used in investing activities | (18) | (227) | 209 | | Net cash (used in)/generated from financing activities | (210) | 466 | (676) | | Net decrease in cash and cash equivalents | (1,020) | (444) | (576) | | Cash and cash equivalents at end of period | 759 | 1,154 | (395) | - The increase in net cash used in operating activities was primarily influenced by changes in working capital, particularly the increase in trade and other receivables14 - Cash outflow from financing activities was mainly due to repayment of borrowings and principal portions of lease liabilities15 Notes to the Interim Condensed Consolidated Financial Statements This section provides detailed notes explaining the accounting policies, estimates, financial risks, and specific line items within the interim condensed consolidated financial statements Company Information The company, incorporated in the Cayman Islands as an investment holding company, operates in Singapore (medical device components) and China (big data solutions) - The Company was incorporated as an exempted company in the Cayman Islands on July 17, 201716 - Principal activities include manufacturing and mold fabrication services for medical device injection molded components in Singapore, and big data solutions and services in China16 Basis of Preparation The interim condensed consolidated financial statements are prepared using consistent accounting policies with the 2024 annual financial statements and are presented in S$ thousand - Accounting policies are consistent with the 2024 annual consolidated financial statements17 - The financial statements are presented in S$ thousand18 New and Revised Standards Adopted The Group has adopted new and revised standards effective January 1, 2025, including amendments to IAS 21 regarding lack of exchangeability - The Group has adopted and applied IAS 21 (Amendment) Lack of Exchangeability, effective January 1, 202520 Estimates The preparation of interim condensed consolidated financial statements involves management judgments, estimates, and assumptions, with key uncertainties consistent with the 2024 annual financial statements - Significant management judgments and sources of estimation uncertainty in preparing the financial statements are consistent with the 2024 annual consolidated financial statements20 Financial Risk Management The Group faces market (foreign currency and interest rate), credit, and liquidity risks, with no changes in risk management policies since December 31, 2024 - The Group is exposed to market risks (foreign currency risk and interest rate risk), credit risk, and liquidity risk21 - Risk management policies have not changed since December 31, 202422 Revenue and Segment Information The Group allocates resources and assesses performance based on business segments (components, sub-assembly parts, data solutions), with all segments showing revenue growth in H1 2025, including new contributions from data solutions - The Group's reportable business segments include components, sub-assembly parts, and data solutions and services25 Segment Revenue and Gross Profit (S$ thousand) | Segment | 2025 Revenue | 2024 Revenue | 2025 Gross Profit | 2024 Gross Profit/(Loss) | | :--- | :--- | :--- | :--- | :--- | | Components | 4,550 | 4,037 | 1,019 | 36 | | Sub-assembly parts | 2,169 | 832 | 485 | (154) | | Data solutions and services | 341 | – | 39 | – | | Total | 7,060 | 4,869 | 1,543 | (118) | - In H1 2025, revenue from sales of goods was S$6,594 thousand, sales of services was S$341 thousand, and mold fabrication services was S$125 thousand29 Other Income For the six months ended June 30, 2025, the Group's other income significantly increased, primarily driven by higher scrap sales Other Income (S$ thousand) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Government grants | 21 | 27 | | Scrap sales | 154 | 23 | | Total | 175 | 50 | - Scrap sales revenue significantly increased from S$23 thousand in 2024 to S$154 thousand in 202532 Expenses by Nature For the six months ended June 30, 2025, the Group's total expenses increased, mainly due to higher cost of inventories sold and legal and professional fees, while employee benefit expenses slightly decreased Key Expense Items (S$ thousand) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Cost of inventories sold | 3,283 | 2,404 | | Employee benefit expenses | 1,861 | 1,919 | | Depreciation of property, plant and equipment | 113 | 191 | | Depreciation of right-of-use assets | 482 | 757 | | Legal and professional fees | 430 | 185 | | Total expenses | 7,261 | 6,475 | - Legal and professional fees significantly increased from S$185 thousand in 2024 to S$430 thousand in 202534 - Employee benefit expenses slightly decreased from S$1,919 thousand to S$1,861 thousand3435 Employee Benefit Expenses For the six months ended June 30, 2025, total employee benefit expenses slightly decreased, primarily due to a reduction in wages, salaries, and emoluments Employee Benefit Expenses (S$ thousand) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Wages, salaries, emoluments, bonuses and allowances | 1,437 | 1,476 | | Incentives | 202 | 186 | | Retirement benefit costs | 94 | 115 | | Others | 128 | 142 | | Total | 1,861 | 1,919 | Directors' Emoluments For the six months ended June 30, 2025, total directors' emoluments slightly increased, mainly due to higher fees Directors' Emoluments (S$ thousand) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Fees | 76 | 64 | | Salaries, allowances and benefits in kind | 120 | 120 | | Retirement benefit costs | 4 | 4 | | Total | 200 | 188 | - Mr. Leong Kian Yew retired as an independent non-executive Director on May 23, 202538 Finance Costs For the six months ended June 30, 2025, the Group's finance costs decreased, primarily due to a reduction in interest expense on lease liabilities Finance Costs (S$ thousand) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Interest expense on lease liabilities | 39 | 75 | | Interest expense on bank borrowings | 25 | 13 | | Interest expense on trust receipt loans | – | 7 | | Total | 64 | 95 | - Interest expense on lease liabilities decreased from S$75 thousand in 2024 to S$39 thousand in 202541 Income Tax Expense For the six months ended June 30, 2025, the Group incurred no income tax expense, with varying corporate tax rates across jurisdictions and no withholding tax provided for China Income Tax Expense (S$ thousand) | Item | 2025 | 2024 | | :--- | :--- | :--- | | Current income tax expense | – | – | | Total income tax expense | – | – | - Singapore corporate income tax rate is 17%, and China corporate income tax rate is 25%4448 - No provision for profits tax was made for the Cayman Islands, British Virgin Islands, and Hong Kong, and no China withholding income tax was provided as Chinese subsidiaries are not expected to distribute retained earnings in the foreseeable future45464749 Loss Per Share For the six months ended June 30, 2025, the Group's basic loss per share significantly narrowed, with diluted loss per share being identical due to no potential ordinary shares Loss Per Share (Singapore cents) | Metric | 2025 | 2024 | | :--- | :--- | :--- | | Loss for the period attributable to owners of the Company (S$ thousand) | (192) | (1,581) | | Weighted average number of ordinary shares in issue (thousand shares) | 818,455 | 682,046 | | Basic and diluted loss per share (Singapore cents) | (0.02) | (0.23) | - Basic loss per share significantly decreased from 0.23 Singapore cents in 2024 to 0.02 Singapore cents in 202551 - Diluted loss per share is identical to basic loss per share as there were no potential ordinary shares in issue during the period53 Property, Plant and Equipment As of June 30, 2025, the Group's net book value of property, plant and equipment decreased, primarily due to depreciation and write-offs Net Book Value of Property, Plant and Equipment (S$ thousand) | Item | June 30, 2025 (Unaudited) | December 31, 2024 (Audited) | | :--- | :--- | :--- | | Net book value | 328 | 425 | | Additions during the period | 18 | 255 | | Depreciation during the period | (113) | (333) | | Write-offs during the period | (2) | (2) | - The net book value of property, plant and equipment decreased from S$425 thousand as of December 31, 2024, to S$328 thousand as of June 30, 202554 Right-of-Use Assets and Lease Liabilities As of June 30, 2025, both the Group's right-of-use assets and lease liabilities significantly decreased, reflecting changes in leasing activities and depreciation impact Right-of-Use Assets and Lease Liabilities (S$ thousand) | Item | June 30, 2025 (Unaudited) | December 31, 2024 (Audited) | | :--- | :--- | :--- | | Right-of-use assets | 176 | 658 | | Lease liabilities | 1,196 | 1,867 | | Depreciation expense of right-of-use assets (six months) | 482 | 757 | | Total cash outflow for leases (six months) | 710 | 820 | - Depreciation expense of right-of-use assets decreased from S$757 thousand in 2024 to S$482 thousand in 202556 - The Group leases office properties, factories, motor vehicles, and photocopiers, with fixed lease terms typically ranging from three to five years, and no variable lease payments or residual value guarantees575859 Trade and Other Receivables As of June 30, 2025, the Group's total trade and other receivables increased, mainly driven by higher trade receivables, with credit terms typically 30 to 90 days and no impairment provision Trade and Other Receivables (S$ thousand) | Item | June 30, 2025 (Unaudited) | December 31, 2024 (Audited) | | :--- | :--- | :--- | | Trade receivables | 3,729 | 2,707 | | Other receivables | 417 | 440 | | Prepayments | 250 | 393 | | Deposits paid | 596 | 592 | | Total | 4,992 | 4,132 | - Trade receivables increased from S$2,707 thousand as of December 31, 2024, to S$3,729 thousand as of June 30, 202560 Trade Receivables by Currency and Ageing (S$ thousand) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | By Currency | | | | SGD | 1,616 | 2,124 | | USD | 2,095 | 583 | | RMB | 18 | – | | By Ageing | | | | 1 to 30 days | 2,404 | 1,828 | | 31 to 60 days | 1,212 | 829 | | 61 to 90 days | 113 | 50 | - The Group generally grants credit terms of 30 to 90 days to customers, and no loss allowance was recognized for trade receivables and contract assets as of the reporting date616264 Share Capital and Share Premium As of June 30, 2025, the company's issued and fully paid share capital and share premium remained unchanged, with a total of 818,455,377 shares Share Capital and Share Premium (S$ thousand) | Item | June 30, 2025 (Unaudited) | December 31, 2024 (Audited) | | :--- | :--- | :--- | | Number of ordinary shares | 818,455,377 | 818,455,377 | | Share capital | 1,412 | 1,412 | | Share premium | 20,516 | 20,516 | - On July 29, 2024, the Company issued 136,409,229 new shares, generating S$1,690 thousand in proceeds65 Trade and Other Payables As of June 30, 2025, the Group's total trade and other payables were largely consistent with December 31, 2024, with a slight decrease in trade payables Trade and Other Payables (S$ thousand) | Item | June 30, 2025 (Unaudited) | December 31, 2024 (Audited) | | :--- | :--- | :--- | | Trade payables | 1,035 | 1,055 | | Other payables and accrued expenses | 356 | 333 | | Total | 1,391 | 1,388 | Trade Payables by Ageing and Currency (S$ thousand) | Item | June 30, 2025 | December 31, 2024 | | :--- | :--- | :--- | | By Ageing | | | | 1 to 30 days | 521 | 425 | | 31 to 60 days | 277 | 327 | | 61 to 90 days | 237 | 184 | | Over 90 days | – | 119 | | By Currency | | | | USD | 468 | 367 | | SGD | 564 | 688 | | RMB | 3 | – | - The carrying amounts of trade payables approximate their fair values69 Related Party Transactions The Group has related party relationships with Mr. Poon Sui Ho and Ms. Xu Bin, with disclosed key management emoluments and unsecured borrowings at 0% to 4.80% annual interest - Mr. Poon Sui Ho is a major shareholder and executive Director, and Ms. Xu Bin is an executive Director71 - Key management emoluments are disclosed in Note 8(b)72 - Related party borrowings are unsecured, with annual interest rates ranging from 0% to 4.80%, and repayment dates are one year and extendable73 Significant Acquisitions and Disposals For the six months ended June 30, 2025, the Group did not undertake any significant acquisitions or disposals of subsidiaries - The Group did not undertake any significant acquisitions or disposals of subsidiaries during the period74 Management Discussion and Analysis This section provides management's perspective on the Group's operational and financial performance, future outlook, liquidity, and capital structure Business Review The Group, engaged in medical device component manufacturing and big data solutions, achieved 44.9% revenue growth and significantly narrowed net loss in H1 2025, driven by increased medical device component orders - The Group's principal activities are manufacturing and selling injection molded plastic components for disposable medical devices, providing mold fabrication services, and offering big data solutions, technical support, and data services in China76 Business Performance Overview (S$ thousand) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Change (S$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | 7,100 | 4,900 | 2,200 | 44.9% | | Net loss | (200) | (1,600) | 1,400 | -87.5% | - The reduction in loss for the period was primarily due to increased sales orders for injection molded plastic components for disposable medical devices76 Prospects Facing a subdued global economic recovery and heightened financial market risk aversion, the Group will prudently manage costs, growth, and risks, leveraging its expertise for sustainable diversification - Global economic recovery is weaker than expected, with heightened risk aversion in financial markets, leading to an uncertain outlook77 - The Group will continue to prudently manage operating costs, business growth, and the risk profile of its business portfolio77 - The Group believes that diversification of business segments can promote sustainable development, and will take timely and appropriate actions to mitigate operational risks and maximize resource utilization77 Financial Review For the six months ended June 30, 2025, the Group experienced significant growth in revenue, gross profit, and gross margin, with a substantial reduction in loss, despite an increase in administrative expenses Revenue The Group's revenue increased by 44.9% year-on-year, driven by higher sales orders for disposable medical device components in Singapore and contributions from big data solutions in China Revenue (S$ thousand) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Change (S$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Revenue | 7,100 | 4,900 | 2,200 | 44.9% | - The increase in revenue was primarily attributable to increased sales orders for injection molded plastic components for disposable medical devices in Singapore and the provision of big data solutions and services in China78 Cost of Sales The Group's cost of sales increased by 10.0% year-on-year, consistent with the growth in revenue Cost of Sales (S$ thousand) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Change (S$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Cost of sales | 5,500 | 5,000 | 500 | 10.0% | - The increase in cost of sales was consistent with the increase in revenue79 Gross Profit and Gross Margin The Group's overall gross profit shifted from a loss to a profit, with a significant improvement in gross margin, mainly due to increased revenue from medical device components and big data solutions Gross Profit and Gross Margin (S$ thousand) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Change (S$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Gross profit/(loss) | 1,500 | (100) | 1,600 | -1600.0% | | Gross margin | 21.9% | 2.4% | 19.5% | 812.5% | - The increase in gross profit and gross margin was primarily due to increased revenue from injection molded plastic components for disposable medical devices and the provision of big data solutions and services80 Administrative Expenses The Group's administrative expenses increased by 30.8% year-on-year, mainly due to higher legal and professional fees incurred for business development Administrative Expenses (S$ thousand) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Change (S$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Administrative expenses | 1,700 | 1,300 | 400 | 30.8% | - The increase in administrative expenses was primarily due to higher legal and professional fees incurred for business development82 Loss for the Period The Group's loss for the period significantly narrowed, primarily attributable to revenue growth and improved gross profit Loss for the Period (S$ thousand) | Metric | Six Months Ended June 30, 2025 | Six Months Ended June 30, 2024 | Change (S$ thousand) | Change (%) | | :--- | :--- | :--- | :--- | :--- | | Loss for the period | (200) | (1,600) | 1,400 | -87.5% | - The reduction in loss for the current period was primarily attributable to increased revenue and improved gross profit83 Liquidity, Financial Resources and Capital Structure The Group's liquidity ratio and gearing ratio both deteriorated, mainly due to decreased cash, increased borrowings, and a reduction in total equity Liquidity and Capital Structure Metrics | Metric | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Current ratio | 1.77 times | 1.83 times | Decrease | | Gearing ratio | 2.1 times | 2.0 times | Increase | | Cash and cash equivalents (S$ thousand) | 800 | 1,800 | Decrease | | Total borrowings (S$ thousand) | 1,100 | 500 | Increase | - The decrease in current ratio was primarily due to reduced cash and cash equivalents balances, increased borrowings, and higher inventory and trade and other receivables balances84 - The increase in gearing ratio was mainly attributable to increased borrowings and a reduction in total equity84 Asset Pledges As of June 30, 2025, and December 31, 2024, the Group had no assets pledged - The Group had no assets pledged during the reporting period86 Employee Information As of June 30, 2025, the Group's total number of employees increased to 94, with competitive remuneration, training, and a harmonious work environment Number of Employees by Function | Function | June 30, 2025 | June 30, 2024 | | :--- | :--- | :--- | | Management | 13 | 13 | | Finance | 1 | 2 | | Sales and Marketing | 2 | 1 | | Operations | 38 | 34 | | Quality Assurance | 9 | 9 | | Product Development/Engineering | 28 | 28 | | Human Resources | 3 | 1 | | Total | 94 | 88 | - The Group's total staff costs for the six months ended June 30, 2025, were approximately S$1.9 million, consistent with the prior year period88 - The Group adopts an equal opportunity policy and provides financial support for on-the-job training and career development programs88 Interim Dividend The Board does not recommend the payment of an interim dividend for the six months ended June 30, 2025 - The Board does not recommend the payment of an interim dividend for the six months ended June 30, 202589 Commitments The Group had no significant commitments as of June 30, 2025, and December 31, 2024 - The Group had no significant commitments during the reporting period90 Contingent Liabilities The Group had no significant contingent liabilities as of June 30, 2025, and December 31, 2024 - The Group had no significant contingent liabilities during the reporting period91 Significant Investments Held For the six months ended June 30, 2025, the Group held no significant investments - The Group held no significant investments during the period92 Future Plans for Major Investments or Capital Assets As of June 30, 2025, the Group had no other future plans for major investments or capital assets beyond those disclosed in this report - The Group had no other future plans for major investments or capital assets at the end of the reporting period93 Significant Acquisitions and Disposals (MDA) For the six months ended June 30, 2025, the Group did not undertake any significant acquisitions or disposals of subsidiaries - The Group did not undertake any significant acquisitions or disposals of subsidiaries during the period94 Foreign Exchange Risk The Group's revenue and costs are primarily denominated in SGD, USD, and RMB, exposing it to foreign exchange risk from non-SGD purchases, though not significant during the period - The Group's turnover and business costs are primarily denominated in SGD, USD, and RMB95 - Foreign exchange risk arises from purchases denominated in currencies other than SGD, but the risk was not significant during the period, and no financial instruments were used for hedging95 Capital Structure of the Group The Group's capital structure remained unchanged during the period ended June 30, 2025 - The Group's capital structure remained unchanged during the period96 Subsequent Events The Directors found no significant events concerning the Group's business or financial performance since the interim period end of June 30, 2025 - The Directors found no significant events concerning the Group's business or financial performance since the interim period end97 Corporate Governance and Other Information This section details the company's corporate governance practices, including directors' and major shareholders' interests, securities transactions, and audit committee functions Directors' and Chief Executive's Interests in Shares, Underlying Shares, and Debentures of the Company or its Associated Corporations As of June 30, 2025, Mr. Poon Sui Ho held a 4.13% long position in the company's shares, with no other disclosable interests for directors or chief executives Directors' Long Positions in Shares of the Company | Name | Capacity/Nature of Interest | Number of Shares | Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Mr. Poon Sui Ho | Beneficial owner | 33,832,000 (L) | 4.13% | - As of June 30, 2025, none of the Company's Directors or chief executives held any interests in underlying shares in respect of physically settled, cash settled, or other equity derivatives100 Major Shareholders' and Other Persons' Interests in Shares, Underlying Shares, and Debentures of the Company As of June 30, 2025, Ms. Wu Haiyan and Mr. Xie Jianlong were major shareholders, holding 6.44% and 7.53% long positions respectively, excluding directors Major Shareholders' Long Positions in Shares of the Company | Name | Capacity/Nature of Interest | Number of Shares | Percentage of Shareholding | | :--- | :--- | :--- | :--- | | Ms. Wu Haiyan | Beneficial owner | 52,694,000 | 6.44% | | Mr. Xie Jianlong | Beneficial owner | 61,612,000 (L) | 7.53% | - Save as disclosed above, the Company was not aware of any other disclosable interests in shares or underlying shares102 Purchase, Sale or Redemption of Listed Securities of the Company For the six months ended June 30, 2025, neither the company nor its subsidiaries purchased, sold, or redeemed any of its listed securities - Neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities during the period103 Share Option Scheme The company adopted a 10-year share option scheme on December 19, 2017, with no options granted or outstanding for the six months ended June 30, 2025 - The Company adopted a share option scheme on December 19, 2017, with a validity period of 10 years104 - Under the scheme, the Company has 40,000,000 share options available for issue, representing approximately 4.9% of the issued shares104 - No share options were granted during the six months ended June 30, 2025, and no share options were outstanding107 Compliance with Corporate Governance Code The company strives for high corporate governance standards, complying with the GEM Listing Rules' Corporate Governance Code, except for the non-segregation of Chairman and CEO roles - The Company has complied with the Corporate Governance Code set out in Part C1 of Appendix C1 to the GEM Listing Rules, except for code provision C.2.1108 - Mr. Poon holds both the Chairman and Chief Executive Officer roles, an arrangement the Board believes is in the best interests of the Company and its shareholders108 Directors' Securities Transactions All directors confirmed full compliance with the required standards for securities transactions for the six months ended June 30, 2025, with no non-compliance incidents - All Directors confirmed full compliance with the required standards for securities transactions as set out in Rules 5.48 to 5.67 of the GEM Listing Rules109 - There were no incidents of non-compliance for the six months ended June 30, 2025109 Audit Committee The Audit Committee, comprising three independent non-executive directors, advises on external auditors, financial statements, and internal controls, having reviewed the Group's unaudited interim financial information - The Audit Committee comprises three independent non-executive Directors, with Professor Cheung Ka Yu as Chairman110 - Key responsibilities include recommending the appointment and removal of external auditors, reviewing financial statements, and overseeing internal control procedures110 - The Audit Committee has discussed and reviewed the Group's unaudited condensed consolidated financial information for the six months ended June 30, 2025, deeming it compliant with applicable accounting standards and Listing Rules requirements110 Board Members and Report Publication This report, issued by Chairman and Executive Director Mr. Poon Sui Ho on August 29, 2025, on behalf of the Board, will be published on the Stock Exchange and company websites - This report was issued by Mr. Poon Sui Ho, Chairman and Executive Director, on behalf of the Board on August 29, 2025111 - The Company's executive Directors include Mr. Poon Sui Ho, Ms. Xu Bin, Mr. Lee Jen Kang, and Mr. Yeo Qi Jun; independent non-executive Directors are Mr. Foo See Ann, Professor Cheung Ka Yu, and Ms. Tan Yee Wah113 - This report will be published and maintained on the Stock Exchange website and the Company's website at www.inzign.com[113](index=113&type=chunk)
加和国际控股(08513) - 2025 - 中期财报