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保宝龙科技(01861) - 2025 - 中期财报

Company Information Board of Directors and Committees The company's board comprises executive directors Ms. Gao Xiumei (Chairperson and CEO), Ms. Lian Xinli, Mr. Lian Xinglong, Mr. Yang Xiaoye, and independent non-executive directors Mr. Li Yaopei, Mr. Pan Dezheng, Mr. Peng Changwei. The Board has audit, remuneration, and nomination committees to ensure robust corporate governance - The Board of Directors includes four executive directors and three independent non-executive directors, with Ms. Gao Xiumei serving as both Chairperson and Chief Executive Officer4 - The company has established Audit, Remuneration, and Nomination Committees, chaired or primarily composed of independent non-executive directors, to enhance corporate governance4 Company Contact and Registration Information The company is registered in the Cayman Islands, with its principal place of business in Guangzhou, Guangdong Province, China, and its main Hong Kong business location in Sheung Wan. Ernst & Young is the auditor, and the stock code is 1861 - The company's registered office is in the Cayman Islands, and its principal place of business in the People's Republic of China is in Conghua District, Guangzhou, Guangdong Province4 - The auditor is Ernst & Young, and the Hong Kong share registrar is Tricor Investor Services Limited45 - The company's stock code is 1861, and its official website is www.botny.com[5](index=5&type=chunk) Business Review Principal Business and Product Strategy The Group is a leading manufacturer of automotive beauty and maintenance aerosol products in China, engaged in designing, developing, manufacturing, and selling various automotive beauty and maintenance products, while also providing Contract Manufacturing Services (CMS) and Original Brand Manufacturing (OBM) products. The company continues to invest in OBM business development, enhancing market share through online platforms and brand activities, and launching the 'Botny Series' to reposition its corporate image - The Group specializes in the manufacturing of aerosol products for automotive beauty and maintenance, positioning itself as a leading manufacturer in China6 - The company sells Contract Manufacturing Services (CMS) and Original Brand Manufacturing (OBM) products, with OBM products primarily sold through a distributor network and online platforms like Tmall and JD.com6 - The Group continued to allocate resources to develop its OBM business in the first half of 2025, increasing brand awareness activities and achieving significant growth in online market sales7 Operating Environment and Outlook Facing global economic uncertainty, trade protectionism, and raw material price volatility, the Group closely monitors industry developments and adjusts its strategies. Despite steady but fragile economic recovery in China, the company remains cautiously optimistic about the domestic market, OBM business, and personal care product industry, aiming to strengthen OBM through exhibitions, eco-friendly formulations, cost control, and brand enhancement - Global economic development faces high uncertainty, influenced by trade protectionism, international conflicts, and raw material price fluctuations8 - The Chinese economy showed steady growth in the first half of 2025, though recovery remains fragile, with the government implementing safety and environmental regulations for aerosol products9 - The Group will continuously enhance its OBM business through exhibitions, adopting eco-friendly formulations, strict cost control, improving brand image, and increasing product competitiveness9 Management Discussion and Analysis Financial Review For the six months ended June 30, 2025, the Group's turnover increased by 18.4% to HK$324.7 million year-on-year, driven by successful e-commerce strategies in China. Gross profit surged by 59.4%, and net profit increased by 119.8%, primarily due to online sales of high-margin OBM products, lower raw material costs, and a one-off gain from yacht disposal Key Financial Indicators for H1 2025 | Indicator | 2025 H1 (thousand HKD) | 2024 H1 (thousand HKD) | Year-on-year Change (%) | | :--- | :--- | :--- | :--- | | Turnover | 324,749 | 274,248 | +18.4% | | Cost of Sales | 180,589 | 183,802 | -1.7% | | Gross Profit | 144,160 | 90,446 | +59.4% | | Other Income and Gains | 26,422 | 8,816 | +199.7% | | Selling and Distribution Expenses | 69,728 | 23,464 | +197.2% | | Administrative Expenses | 22,597 | 23,051 | -2.0% | | Finance Costs | 710 | 986 | -28.0% | | Profit Attributable to Owners of the Parent | 52,711 | 23,978 | +119.8% | - Revenue from the China market significantly increased by 27.4% to HK$283.7 million, primarily due to China's economic recovery and effective e-commerce sales strategies10 - Overseas sales decreased by 20.5% to HK$41.0 million, mainly affected by weak demand in key export markets, global supply chain disruptions, exchange rate fluctuations, and geopolitical uncertainties10 - The substantial increase in gross profit was primarily due to the success of high-margin OBM product online sales strategies, lower raw material prices, improved procurement strategies, and optimized automated production processes12 - Other income and gains significantly increased by 199.7%, mainly due to a disposal gain of approximately HK$14.3 million from the sale of a yacht and net exchange gains13 - Selling and distribution expenses significantly increased by 197.2%, primarily due to increased advertising and promotional costs of approximately HK$53.9 million to enhance e-commerce platforms15 Treasury Policy and Liquidity The Group adopts a treasury policy to effectively control treasury operations and reduce borrowing costs, aiming to maintain sufficient cash levels. As of June 30, 2025, net current assets increased to HK$168.1 million, the current ratio improved to 2.4, and the gearing ratio improved to -10.7%, indicating a robust financial position - The Group's treasury policy aims to effectively control treasury operations, reduce borrowing costs, and maintain sufficient levels of cash and cash equivalents19 Liquidity Indicators | Indicator | June 30, 2025 (thousand HKD) | December 31, 2024 (thousand HKD) | Change | | :--- | :--- | :--- | :--- | | Net Current Assets | 168,100 | 96,500 | Increased 74.2% | | Cash and Cash Equivalents | 158,600 | 110,500 | Increased 43.5% | | Current Ratio | 2.4 | 1.9 | Improved | | Bank Borrowings | 21,200 | 25,300 | Decreased 16.2% | | Available Standby Bank Facilities | 350,500 | 337,500 | Increased 3.8% | | Gearing Ratio | -10.7% | 4.0% | Improved | - The gearing ratio improved to -10.7%, primarily due to an increase in cash and cash equivalents and a decrease in total borrowings23 Capital Structure and Risk Management The total number of issued shares remained unchanged. The Group faces foreign exchange risk due to currency mismatch between USD revenue and RMB production costs, but no foreign currency forward contracts were entered into during the period. Employee numbers slightly decreased, with remuneration policies combining market terms and individual performance. No significant investments or contingent liabilities were incurred, and the yacht disposal was completed - The total number of issued shares of the Company is 233,917,250 shares, remaining unchanged from December 31, 202424 - Approximately 12.6% of the Group's revenue is denominated in USD, while over 90% of production costs are settled in RMB, posing foreign exchange risk due to currency mismatch25 - As of June 30, 2025, the Group had 460 employees (December 31, 2024: 468 employees), with staff costs amounting to approximately HK$20.7 million28 - The Group sold a yacht on June 27, 2025, for a consideration of HK$35,021,737, generating a disposal gain of approximately HK$14.3 million1330 Interim Condensed Consolidated Financial Information Review Report Independent Review Report Ernst & Young conducted an independent review of Botny Technology Holdings Limited's interim condensed consolidated financial information for the six months ended June 30, 2025. The review scope is less than an audit, but no material matters were identified suggesting the financial information was not prepared in accordance with International Accounting Standard 34 - Ernst & Young conducted a review of the interim financial information in accordance with Hong Kong Standard on Review Engagements 241037 - The review concluded that no material matters were identified indicating that the interim financial information was not prepared, in all material respects, in accordance with International Accounting Standard 3438 Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income Profit or Loss Statement Overview For the six months ended June 30, 2025, the Group recorded revenue of HK$324.7 million, gross profit of HK$144.2 million, and profit for the period of HK$52.7 million. Compared to the same period last year, revenue, gross profit, and profit all showed significant growth, with basic and diluted earnings per share at 22.5 HK cents Summary of Interim Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income | Indicator | 2025 H1 (thousand HKD) | 2024 H1 (thousand HKD) | | :--- | :--- | :--- | | Revenue | 324,749 | 274,248 | | Cost of Sales | (180,589) | (183,802) | | Gross Profit | 144,160 | 90,446 | | Other Income and Gains | 26,422 | 8,816 | | Selling and Distribution Expenses | (69,728) | (23,464) | | Administrative Expenses | (22,597) | (23,051) | | Research and Development Expenses | (11,169) | (10,772) | | Profit Before Tax | 64,463 | 33,918 | | Profit for the Period | 52,711 | 23,978 | | Total Comprehensive Income for the Period | 55,631 | 23,811 | | Basic and Diluted Earnings Per Share | 22.5 HK cents | 10.3 HK cents | - Profit for the period increased by 119.8% year-on-year, primarily due to the combined effects of revenue growth, improved gross margin, and increased other income41 - Exchange differences on translating overseas operations turned from a loss in the first half of 2024 to a gain in the first half of 2025, positively impacting total comprehensive income41 Interim Condensed Consolidated Statement of Financial Position Financial Position Overview As of June 30, 2025, the Group's total assets were HK$531.9 million, and net assets were HK$381.1 million. Net current assets significantly increased to HK$168.1 million, and cash and cash equivalents rose to HK$155.9 million, indicating strong liquidity Summary of Interim Condensed Consolidated Statement of Financial Position | Indicator | June 30, 2025 (thousand HKD) | December 31, 2024 (thousand HKD) | | :--- | :--- | :--- | | Total Non-current Assets | 246,192 | 266,839 | | Total Current Assets | 285,701 | 209,691 | | Total Current Liabilities | 117,561 | 113,207 | | Net Current Assets | 168,140 | 96,484 | | Total Assets Less Current Liabilities | 414,332 | 363,323 | | Total Non-current Liabilities | 33,221 | 37,843 | | Net Assets | 381,111 | 325,480 | | Equity Attributable to Owners of the Parent | 381,544 | 325,908 | - Total current assets increased from HK$209.7 million to HK$285.7 million, mainly due to increases in trade and bills receivables, prepayments, deposits and other receivables, and cash and cash equivalents42 - Total non-current assets decreased, primarily due to a reduction in the carrying amount of property, plant and equipment42 Interim Condensed Consolidated Statement of Changes in Equity Equity Changes Overview For the six months ended June 30, 2025, total equity attributable to owners of the parent increased from HK$325.9 million as of December 31, 2024, to HK$381.5 million, primarily driven by profit for the period of HK$52.7 million and exchange differences on translating overseas operations of HK$2.9 million Summary of Interim Condensed Consolidated Statement of Changes in Equity | Equity Item | December 31, 2024 (thousand HKD) | Profit for the Period (thousand HKD) | Exchange Differences (thousand HKD) | June 30, 2025 (thousand HKD) | | :--- | :--- | :--- | :--- | :--- | | Total Equity Attributable to Owners of the Parent | 325,908 | 52,711 | 2,925 | 381,544 | | Non-controlling Interests | (428) | — | (5) | (433) | | Total Equity | 325,480 | 52,711 | 2,920 | 381,111 | - Profit for the period was the primary driver of equity growth, while the exchange fluctuation reserve also turned positive, contributing to some growth46 - Share option reserve slightly decreased due to transfers upon forfeiture or expiry, but its impact on total equity was minor46 Interim Condensed Consolidated Statement of Cash Flows Cash Flow Overview For the six months ended June 30, 2025, the Group's net cash flow from operating activities was HK$20.7 million, net cash flow from investing activities was HK$34.2 million, and net cash flow used in financing activities was HK$6.1 million. Cash and cash equivalents at period-end significantly increased to HK$155.9 million, reflecting a healthy overall cash flow position Summary of Interim Condensed Consolidated Statement of Cash Flows | Cash Flow Category | 2025 H1 (thousand HKD) | 2024 H1 (thousand HKD) | | :--- | :--- | :--- | | Net Cash Flow from Operating Activities | 20,744 | 19,258 | | Net Cash Flow from Investing Activities | 34,165 | (9,164) | | Net Cash Flow Used in Financing Activities | (6,076) | (5,864) | | Net Increase in Cash and Cash Equivalents | 48,833 | 4,230 | | Cash and Cash Equivalents at End of Period | 155,866 | 112,768 | - Cash flow from investing activities turned from a net outflow last year to a net inflow, primarily due to a significant increase in proceeds from the disposal of property, plant and equipment to HK$35.4 million51 - Net cash flow from operating activities slightly increased, supported by growth in profit before tax, despite an increase in trade and other receivables and prepayments49 Notes to the Interim Condensed Consolidated Financial Information Basis of Preparation and Changes in Accounting Policies The interim condensed consolidated financial information is prepared in accordance with International Accounting Standard 34 and should be read in conjunction with the 2024 annual consolidated financial statements. The revised International Accounting Standard 21 'Lack of Exchangeability' was adopted for the first time this period, but it had no material impact on the financial information as all the Group's transaction currencies are exchangeable - The interim condensed consolidated financial information is prepared in accordance with International Accounting Standard 34 'Interim Financial Reporting'52 - The revised International Accounting Standard 21 'Lack of Exchangeability' was adopted for the first time this period, but it had no impact on the interim condensed consolidated financial information5354 Operating Segments and Revenue Analysis The Group's operating segments include automotive beauty and maintenance products and personal care products. For the six months ended June 30, 2025, revenue from automotive beauty and maintenance products was HK$257.8 million, and personal care products was HK$66.9 million. Mainland China is the largest regional market, contributing HK$283.7 million in revenue Revenue and Results by Operating Segment | Segment | 2025 H1 Revenue (thousand HKD) | 2024 H1 Revenue (thousand HKD) | 2025 H1 Results (thousand HKD) | 2024 H1 Results (thousand HKD) | | :--- | :--- | :--- | :--- | :--- | | Automotive Beauty and Maintenance Products | 257,822 | 209,847 | 98,111 | 29,660 | | Personal Care Products | 66,927 | 64,401 | 15,625 | 8,594 | | Total | 324,749 | 274,248 | 113,736 | 38,254 | Revenue by Geographical Market | Geographical Market | 2025 H1 Revenue (thousand HKD) | 2024 H1 Revenue (thousand HKD) | | :--- | :--- | :--- | | Mainland China | 283,720 | 222,671 | | Japan | 25,340 | 31,087 | | Other Asia Pacific Countries/Regions | 5,765 | 7,700 | | Middle East | 3,080 | 4,040 | | Americas | 3,326 | 6,328 | | Other Regions | 3,518 | 2,422 | | Total Contract Revenue from Customers | 324,749 | 274,248 | - Segment results show a significant improvement in the profitability of automotive beauty and maintenance products, with steady growth also observed in personal care products5556 Profit Before Tax and Income Tax For the six months ended June 30, 2025, profit before tax was HK$64.5 million. Income tax expense was HK$11.8 million, primarily from Mainland China, with Hong Kong profits tax rate at 16.5% (or 8.25% for eligible entities) Composition of Profit Before Tax | Item | 2025 H1 (thousand HKD) | 2024 H1 (thousand HKD) | | :--- | :--- | :--- | | Cost of Inventories Sold | 180,589 | 183,802 | | Depreciation of Property, Plant and Equipment | 9,287 | 12,381 | | Research and Development Costs | 11,169 | 10,772 | | Employee Benefit Expenses | 22,780 | 25,241 | | Net Exchange (Gain)/Loss | (6,525) | 5,993 | | Net (Gain)/Loss on Disposal of Property, Plant and Equipment | (14,230) | 35 | | Impairment Loss on Financial Assets | 680 | 698 | | Write-down/(Reversal of Write-down) of Inventories to Net Realizable Value | 1,069 | (518) | Income Tax Expense | Item | 2025 H1 (thousand HKD) | 2024 H1 (thousand HKD) | | :--- | :--- | :--- | | Current - Mainland China | 12,228 | 9,898 | | Underprovision in Prior Years | 12 | 153 | | Deferred | (488) | (111) | | Total Income Tax Expense | 11,752 | 9,940 | - Income tax expense primarily originates from Mainland China, with Hong Kong profits tax rate at 16.5%, and a preferential tax rate of 8.25% applicable to certain eligible entities62 Dividends and Earnings Per Share For the six months ended June 30, 2025, basic and diluted earnings per share were 22.5 HK cents, a significant increase from 10.3 HK cents in the prior year. The Board recommended an interim dividend of 3.24 HK cents per share, higher than 1.42 HK cents in the prior year Earnings Per Share and Dividends | Indicator | 2025 H1 | 2024 H1 | | :--- | :--- | :--- | | Basic and Diluted Earnings Per Share | 22.5 HK cents | 10.3 HK cents | | Proposed Interim Dividend (per share) | 3.24 HK cents | 1.42 HK cents | - Earnings per share are calculated based on the profit for the period attributable to ordinary equity holders of the parent and the weighted average number of 233,917,250 ordinary shares outstanding6465 - No diluted adjustment was made to the basic earnings per share amount due to the anti-dilutive effect of unexercised share options64 Changes in Property, Plant and Equipment For the six months ended June 30, 2025, the Group purchased assets at a cost of HK$2.133 million and disposed of assets with a net book value of HK$21.191 million, generating a net gain of HK$14.230 million Changes in Property, Plant and Equipment | Item | 2025 H1 (thousand HKD) | 2024 H1 (thousand HKD) | | :--- | :--- | :--- | | Cost of Assets Purchased | 2,133 | 10,451 | | Net Book Value of Assets Disposed | 21,191 | 108 | | Net Gain on Disposal | 14,230 | (35) | - The disposal of assets during the period generated a significant net gain, compared to a net loss in the same period last year67 - The Group did not recognize any impairment losses during the period68 Trade and Bills Receivables and Payables As of June 30, 2025, total trade and bills receivables increased to HK$69.4 million, with the largest portion due within 30 days. Total trade and bills payables increased to HK$42.3 million, also with the largest portion due within 30 days Ageing Analysis of Trade and Bills Receivables | Ageing | June 30, 2025 (thousand HKD) | December 31, 2024 (thousand HKD) | | :--- | :--- | :--- | | Within 30 days | 31,364 | 20,724 | | 31 to 60 days | 16,250 | 13,804 | | 61 to 90 days | 13,825 | 6,422 | | Over 90 days | 7,952 | 5,841 | | Total | 69,391 | 46,791 | Ageing Analysis of Trade and Bills Payables | Ageing | June 30, 2025 (thousand HKD) | December 31, 2024 (thousand HKD) | | :--- | :--- | :--- | | Within 30 days | 22,900 | 22,206 | | 31 to 60 days | 5,835 | 8,620 | | 61 to 90 days | 3,783 | 6,977 | | Over 90 days | 9,804 | 3,817 | | Total | 42,322 | 41,620 | - Total trade receivables significantly increased, reflecting sales growth, while trade payables also slightly increased6970 Interest-Bearing Bank and Other Borrowings As of June 30, 2025, the Group's total interest-bearing bank and other borrowings amounted to HK$21.3 million, a decrease from HK$25.3 million as of December 31, 2024. Borrowings primarily include lease liabilities and long-term bank loans, secured by property, plant and equipment Interest-Bearing Bank and Other Borrowings | Borrowing Category | June 30, 2025 (thousand HKD) | December 31, 2024 (thousand HKD) | | :--- | :--- | :--- | | Current Portion | 10,689 | 10,160 | | Non-current Portion | 10,631 | 15,155 | | Total | 21,320 | 25,315 | - Long-term bank loans are secured and bear interest by reference to the minimum lending rate, with maturity dates between 2026 and 202771 - The reduction in total borrowings contributes to improving the company's debt-to-equity structure71 Capital Commitments and Related Party Transactions As of June 30, 2025, the Group's capital commitments primarily related to plant and machinery, amounting to approximately HK$0.3 million. Related party transactions included purchases from Guangdong Ouyabaozhuang Co., Ltd. and lease payments to Mr. Lian Yunzeng, the ultimate shareholder. Key management personnel remuneration increased Capital Commitments | Item | June 30, 2025 (thousand HKD) | December 31, 2024 (thousand HKD) | | :--- | :--- | :--- | | Plant and Machinery | 326 | 481 | Summary of Related Party Transactions | Transaction Type | Related Party | 2025 H1 (thousand HKD) | 2024 H1 (thousand HKD) | | :--- | :--- | :--- | :--- | | Purchase of Products | Guangdong Ouyabaozhuang Co., Ltd. | 5,741 | 7,588 | | Lease Rental Expenses | Mr. Lian Yunzeng | 33 | 33 | | Total Key Management Personnel Remuneration | - | 4,136 | 3,520 | - Outstanding balances due to related parties amounted to HK$33.965 million, which are unsecured, interest-free, and have no fixed repayment terms73 Share Option Schemes The company has a Pre-IPO Share Option Scheme, a 2019 Share Option Scheme (terminated), and a 2023 Share Option Scheme. As of June 30, 2025, 6,557,500 share options remained unexercised under the Pre-IPO scheme, while no options were granted, exercised, lapsed, or cancelled under the 2019 and 2023 schemes during the period - The Pre-IPO Share Option Scheme aims to recognize and incentivize executive directors, senior management, and other employees, with an exercise price of HK$2.17 per share77 Changes in Pre-IPO Share Option Scheme | Item | Number of Share Options as of June 30, 2025 | Number of Share Options as of December 31, 2024 | | :--- | :--- | :--- | | Beginning of Period | 6,607,500 | 6,707,500 | | Forfeited During Period | (50,000) | (100,000) | | End of Period | 6,557,500 | 6,607,500 | - The 2019 Share Option Scheme was terminated on May 19, 2023, with no share options granted as of the termination date86 - The 2023 Share Option Scheme was adopted on May 19, 2023, to encourage or reward selected participants, but no share options were granted for the six months ended June 30, 20258791 Other Information Directors' and Major Shareholders' Interests As of June 30, 2025, Ms. Gao Xiumei (Chairperson and CEO) and her spouse Mr. Lian Yunzeng (through family and controlled corporations) collectively held approximately 74.94% of the company's shares and share option interests. Mr. Lian Yunzeng, as a major shareholder, directly and indirectly held approximately 46.08% of the company's shares Directors' Long Positions in Shares and Share Options | Director Name | Ordinary Shares (Beneficial Owner) | Family Interests (shares) | Corporate Interests (shares) | Share Options (shares) | Total (shares) | Approximate Percentage of Issued Shares | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Ms. Gao Xiumei | – | 107,788,500 | 67,000,000 | 500,000 | 175,288,500 | 74.94% | | Ms. Lian Xinli | 200,500 | – | – | 277,500 | 478,000 | 0.20% | | Mr. Lian Xinglong | – | – | – | 500,000 | 500,000 | 0.21% | | Mr. Yang Xiaoye | – | – | – | 300,000 | 300,000 | 0.13% | | Mr. Pan Dezheng | 368,000 | – | – | – | 368,000 | 0.16% | Major Shareholders' Long Positions in Shares | Shareholder Name/Entity | Capacity/Nature of Interest | Number of Shares Held (shares) | Approximate Percentage of Issued Shares | | :--- | :--- | :--- | :--- | | Mr. Lian Yunzeng | Beneficial Owner | 107,788,500 | 46.08% | | | Spouse's Interest | 500,000 | 0.21% | | | Interest in Controlled Corporation | 67,000,000 | 28.64% | | Wellmass International Limited | Beneficial Owner | 67,000,000 | 28.64% | - Ms. Gao Xiumei's interests include shares held by her spouse, Mr. Lian Yunzeng, and shares held through Wellmass International Limited, which she wholly beneficially owns94 Corporate Governance and Compliance The company has established Audit, Remuneration, and Nomination Committees and complies with the Corporate Governance Code, except for the combined roles of Chairman and CEO. The company explains this arrangement facilitates unified leadership and strategic execution, emphasizing sufficient checks and balances. During the period, the company maintained adequate public float, and all directors complied with the Model Code for Securities Transactions - The Company's Audit Committee, Remuneration Committee, and Nomination Committee have all been established and their terms of reference formulated in accordance with the Corporate Governance Code115116117 - The Company complies with the Corporate Governance Code, except for the combined roles of Chairman and Chief Executive Officer held by Ms. Gao Xiumei, which the company believes facilitates unified leadership and efficient decision-making118119 - For the six months ended June 30, 2025, the Company has consistently maintained a sufficient public float of not less than 25% as required by the Listing Rules121 - All Directors confirmed their compliance with the Model Code for Securities Transactions by Directors of Listed Issuers throughout the period122 Dividend Distribution and Share Transfer Registration The Board has resolved to declare an interim dividend of 3.24 HK cents per share for the six months ended June 30, 2025, payable on or about October 28, 2025. To determine dividend entitlements, share transfer registration will be suspended from September 5 to September 10, 2025 - The Board has declared an interim dividend of 3.24 HK cents per share for the six months ended June 30, 2025, an increase from 1.42 HK cents in the same period last year123 - The interim dividend will be paid on or about October 28, 2025, to shareholders whose names appear on the register of members on September 10, 2025123 - To be eligible for the interim dividend, share transfer registration will be suspended from September 5, 2025, to September 10, 2025124