丰展控股(01826) - 2025 - 年度业绩

Clarification Announcement Overview Purpose and Background This announcement clarifies specific financial data in the condensed and consolidated cash flow statements from Fengzhan Holdings Limited's 2025 interim results, 2024 interim report, and 2024 annual report - The clarification pertains to the 2025 interim results announcement, 2024 interim report, and 2024 annual report[2] - The primary clarification concerns the condensed consolidated cash flow statements and consolidated cash flow statements[3][5] Financial Data Restatement Details H1 2024 Interim Report Restatement For the condensed consolidated cash flow statement for the six months ended June 30, 2024, the company restated 'Advances to joint ventures' and 'Repayments to joint ventures' under financing activities to offset non-cash transactions related to subcontracting services H1 2024 Financing Activities Cash Flow Restatement (HKD Thousands) | Metric | Originally Disclosed | Adjusted for Non-Cash Transactions | Restated | | :--- | :--- | :--- | :--- | | Advances to joint ventures | 134,042 | (97,907) | 36,135 | | Repayments to joint ventures | (109,879) | 97,907 | (11,972) | - Restatement reason: to offset non-cash transactions related to subcontracting services[3] 2024 Annual Report Restatement For the consolidated cash flow statement for the year ended December 31, 2024, the company restated 'Advances to joint ventures' and 'Repayments to joint ventures' under financing activities to offset non-cash transactions related to subcontracting services Full Year 2024 Financing Activities Cash Flow Restatement (HKD Thousands) | Metric | Originally Disclosed | Adjusted for Non-Cash Transactions | Restated | | :--- | :--- | :--- | :--- | | Advances to joint ventures | 510,252 | (406,995) | 103,257 | | Repayments to joint ventures | (500,434) | 406,995 | (93,439) | - Restatement reason: to offset non-cash transactions related to subcontracting services[5] Conclusion and Board Information Impact on Total Financials Despite the restatements, the total net cash from financing activities for the six months ended June 30, 2024, and the year ended December 31, 2024, remains unaffected - All other information remains unchanged[6] - The clarifications do not impact the total net cash from financing activities for the six months ended June 30, 2024, and the year ended December 31, 2024[6] Board of Directors Information At the time of the announcement, the Board of Directors comprises Executive Director Mr. Wu Jian Shao (Chairman and Chief Executive Officer) and three independent non-executive directors - Chairman and Chief Executive Officer of the Board: Mr. Wu Jian Shao[7] - Independent Non-Executive Directors: Mr. Siu Wai Lam, Ms. Ng Chung Chi, and Mr. Wong Chun Wah[7]