Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 16,694,000, a decrease of 58.6% compared to HKD 40,206,000 for the same period in 2024[4] - The gross profit for the same period was HKD 1,337,000, down 74.8% from HKD 5,308,000 in 2024[4] - The company incurred a loss before tax of HKD 19,281,000, compared to a loss of HKD 10,193,000 in the previous year, representing an increase in loss of 89.5%[5] - The net loss for the period was HKD 19,310,000, compared to HKD 10,194,000 in 2024, indicating an increase in loss of 89.8%[5] - Basic and diluted loss per share was HKD 10.0, compared to HKD 21.3 in the previous year, reflecting a decrease in loss per share[5] - The group recorded a loss of approximately HKD 19,300,000 for the six months ended September 30, 2025, an increase in loss of about 89.2% compared to HKD 10,200,000 for the same period in 2024[46] Revenue Breakdown - Total revenue for the six months ended September 30, 2025, was HKD 16,694,000, a decrease of 58.6% compared to HKD 40,206,000 for the same period in 2024[14] - Sales of bridesmaid dresses amounted to HKD 3,324,000, down 87.1% from HKD 25,758,000 in the previous year[14] - Revenue from the United States market decreased to HKD 3,096,000 from HKD 26,466,000, representing an 88.3% decline[15] - Revenue from the sale of bridesmaid dresses dropped from approximately HKD 25.8 million to HKD 3.3 million, a decrease of about 87.2%, due to a reduction in sales volume from 121,900 units to 13,500 units[51] - Revenue from special occasion dresses increased from approximately HKD 5 million to HKD 7.4 million, an increase of about 48.0%, driven by an increase in sales volume from 10,600 units to 62,200 units[52] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 57,089,000, down from HKD 61,996,000 as of March 31, 2025[7] - Current liabilities increased to HKD 63,353,000 from HKD 46,783,000, indicating a rise in financial obligations[8] - The company reported cash and cash equivalents of HKD 5,463,000, down from HKD 6,759,000 in the previous period[7] - Trade receivables from third parties amounted to HKD 6,590,000 as of September 30, 2025, compared to HKD 4,732,000 as of March 31, 2025, reflecting an increase of approximately 39%[30] - Trade payables totaled HKD 7,993,000 as of September 30, 2025, compared to HKD 5,392,000 as of March 31, 2025, indicating a rise of approximately 48%[34] Equity and Financing - The company’s total equity as of September 30, 2025, was HKD 49,593,000, compared to HKD 27,277,000 in the previous year, showing a significant increase[8] - The group has total borrowings of HKD 6,498,000 as of September 30, 2025, down from HKD 15,346,000 as of March 31, 2025[37] - The effective interest rate on floating bank overdrafts was 6.79% as of September 30, 2025, slightly down from 6.98% as of March 31, 2025[39] - The group has issued bonds totaling HKD 10,000,000, which are unsecured and bear an annual interest rate of 30%[36] - The group has a total of HKD 3,677,000 in secured and guaranteed loans as of September 30, 2025, down from HKD 9,066,000 as of March 31, 2025[37] Operational Challenges - The group is facing challenges due to ongoing US-China trade disputes and global economic uncertainties, impacting overall business performance[47] - The group is experiencing a challenging business environment due to the impact of post-pandemic economic disruptions[47] Corporate Governance - The company has adopted the corporate governance code as per the Hong Kong Stock Exchange listing rules and has complied with all applicable provisions except for C.2.1, which states that the roles of Chairman and CEO should be separate[80] - The Board believes that having the same individual serve as both Chairman and CEO, Mr. Zhuang, provides strong and effective leadership for the company's strategic planning and business development[81] - The Audit Committee, established on January 31, 2019, consists of three independent non-executive directors and has reviewed the unaudited consolidated financial results for the six months ended September 30, 2025[84][85] Employee and Administrative Costs - The total employee cost for the six months ending September 30, 2025, was approximately HKD 15,800,000, an increase from HKD 13,600,000 for the same period last year[71] - Administrative expenses rose from approximately HKD 9.6 million to HKD 16.8 million, an increase of about 75.0%, primarily due to compensation payments related to a voluntary resignation plan[58] Future Plans - The group plans to issue up to 202,183,720 rights shares at a subscription price of HKD 0.20 per share, aiming to raise approximately HKD 40,400,000[44] - The group plans to allocate approximately HKD 15,000,000 for debt repayment and general working capital from the rights issue proceeds[75]

Financial Performance - Total revenue for the period was HKD 335.6 million, a decrease of 17.7% from HKD 407.9 million in 2024[4] - Gaming revenue decreased to HKD 177.9 million, down 29.5% from HKD 253.0 million in 2024[4] - Net loss narrowed significantly to HKD 73.1 million, compared to a net loss of HKD 225.7 million in 2024[4] - Basic loss per share improved to HKD 0.05 from HKD 0.15 in 2024[4] - The group reported a loss before tax of HKD 77,192,000 for the six months ended September 30, 2025, compared to a loss of HKD 221,596,000 in 2024, indicating an improvement in performance[20] - The gross profit for the six months ended September 30, 2025, was HKD 105,777,000, down from HKD 159,839,000 in 2024, representing a decline of 33.8%[20] - The group reported a pre-tax loss of HKD 77,192,000 for the six months ended September 30, 2025, compared to a pre-tax profit of HKD 221,596,000 for the same period in 2024[34][37] Revenue Breakdown - Hotel and rental apartment revenue slightly increased to HKD 157.7 million, representing 47.0% of total revenue, compared to 38.0% in 2024[12] - Rental income for the six months ended September 30, 2025, was HKD 25,224,000, slightly down from HKD 25,775,000 in 2024[29] - Macau business generated gaming revenue of HKD 177,890,000, while hotel revenue was HKD 79,958,000 and rental income was HKD 8,870,000, totaling HKD 266,718,000 for the six months ended September 30, 2025[33] - Hong Kong business contributed hotel revenue of HKD 52,527,000 and rental income of HKD 16,354,000, resulting in total revenue of HKD 68,881,000 for the same period[33] - Adjusted EBITDA for Macau business was HKD 36,882,000 and for Hong Kong business was HKD 8,359,000, leading to a combined adjusted EBITDA of HKD 45,241,000 for the six months ended September 30, 2025[33] Visitor Statistics - The number of visitors to Hong Kong increased by 13.5% to 24.2 million, benefiting the group's operations[13] - Macau visitor numbers rose by 16.2% to 19.8 million, indicating a positive trend for the group's future prospects[13] Employee and Cost Management - The group had 439 employees as of September 30, 2025, down from 670 employees in 2024, reflecting a reduction in workforce[18] - The total employee costs for the period amounted to HKD 153,100,000, a decrease of 5.4% from HKD 162,300,000 in 2024[18] - Employee costs accrued increased to HKD 32,670,000 as of September 30, 2025, up 14.3% from HKD 28,506,000 as of March 31, 2025[43] Financial Position - The group's cash and bank deposits totaled HKD 565.0 million as of September 30, 2025, slightly down from HKD 572.9 million on March 31, 2025[14] - Total borrowings remained stable at HKD 39.5 million, with a capital debt ratio of zero[15] - The group's total assets as of September 30, 2025, were HKD 4,323,363,000, a decrease from HKD 4,425,650,000 as of March 31, 2025[22] - Trade receivables as of September 30, 2025, amounted to HKD 30,655,000, with a provision for impairment of HKD 12,370,000, resulting in a net receivable of HKD 18,285,000[42] - Trade payables as of September 30, 2025, amounted to HKD 10,886,000, a decrease of 7.6% from HKD 11,776,000 as of March 31, 2025[43] - Other payables and accrued expenses totaled HKD 48,964,000 as of September 30, 2025, down 15.6% from HKD 58,073,000 as of March 31, 2025[43] Corporate Governance - The company has complied with all provisions of the corporate governance code as set out in Appendix C1 of the Listing Rules during the period[46] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[50] Operational Changes - The group is actively planning to enhance entertainment and leisure facilities at its hotels to broaden its revenue base following the termination of gaming operations[10] - The company entered into a termination agreement with 澳娛 on October 27, 2025, ending its service agreement effective October 31, 2025, which includes the cessation of gaming operations at the 英皇娛樂酒店[44] Interim Results - The interim financial statements for the period have not been reviewed or audited by the company's auditor, but were reviewed by the audit committee[45] - The interim results announcement was published on the Hong Kong Stock Exchange website and the company's website[49] - The company did not declare any interim dividend for the period, consistent with the previous year[19][41] - No repurchase, sale, or redemption of the company's listed securities occurred during the period[48]

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 19,036,000, a significant increase of 161.5% compared to HKD 7,296,000 for the same period in 2024[5] - The gross profit for the same period was HKD 5,745,000, representing a gross margin of approximately 30.2%, compared to HKD 2,185,000 in 2024[5] - The operating loss decreased to HKD 3,412,000 from HKD 5,498,000 year-over-year, indicating an improvement in operational efficiency[5] - The net loss for the period was HKD 3,433,000, a reduction from HKD 5,503,000 in the previous year, reflecting a 37.5% improvement[5] - Revenue from interior design and execution services was HKD 18,930,000 for the six months ended September 30, 2025, up from HKD 7,296,000 in 2024, indicating a growth of 159%[14] - The group reported a net loss attributable to shareholders of HKD 3,433,000 for the six months ended September 30, 2025, compared to a net loss of HKD 5,503,000 in 2024, showing an improvement of 38%[24] - Interest income increased to HKD 267,000 for the six months ended September 30, 2025, compared to HKD 205,000 in 2024, marking an increase of 32%[19] - The pre-tax loss for the six months ending September 30, 2025, is approximately HKD 3.4 million, a reduction of HKD 2.1 million or 37.6% from the previous period's loss of approximately HKD 5.5 million, driven by revenue growth in the Chinese market[55] Assets and Liabilities - The company's total assets as of September 30, 2025, were HKD 44,591,000, compared to HKD 39,845,000 as of March 31, 2025, showing a growth of 12%[6] - Cash and cash equivalents increased to HKD 6,369,000 from HKD 3,161,000, representing a 101.5% increase in liquidity[6] - The company's current liabilities rose to HKD 19,097,000 from HKD 10,855,000, indicating a 75.5% increase, which may impact short-term financial stability[6] - The net asset value decreased to HKD 25,347,000 from HKD 28,781,000, reflecting a decline of 11.3%[6] - Trade receivables increased to HKD 7,247,000 as of September 30, 2025, from HKD 4,841,000 as of March 31, 2025, with a provision for impairment loss of HKD 452,000[35] - The total amount of loans receivable remained stable at HKD 7,700,000 as of September 30, 2025, with accrued interest of approximately HKD 193,000[30] - The group's total liabilities increased from HKD 2,756,000 as of March 31, 2025, to HKD 3,133,000 as of September 30, 2025[29] - The group's non-current assets increased to HKD 20,617,000 as of September 30, 2025, from HKD 20,257,000 as of March 31, 2025[29] Revenue Sources - The group generated HKD 12,901,000 in revenue from mainland China for the six months ended September 30, 2025, compared to HKD 496,000 in the same period of 2024, reflecting a substantial increase of 2,596%[18] - Revenue from the Hong Kong business was approximately HKD 6.1 million, a slight decrease of about HKD 0.7 million or 9.8% compared to HKD 6.8 million in the same period last year[47] - Revenue from the China market surged from approximately HKD 0.5 million in the previous year to HKD 12.9 million for the six months ended September 30, 2025, accounting for about 67.8% of total revenue[47] Operational Efficiency - The group’s employee benefit expenses decreased to HKD 5,833,000 for the six months ended September 30, 2025, down from HKD 7,325,000 in 2024, a reduction of 20%[22] - Service costs for the six months ending September 30, 2025, are approximately HKD 13.3 million, an increase of about HKD 8.2 million or 160.0% compared to the previous period[49] - Administrative expenses increased from approximately HKD 7.9 million to approximately HKD 9.2 million, a rise of about HKD 1.3 million or 16.4% due to new project-related administrative costs[53] - Financial costs surged from approximately HKD 1,000 to approximately HKD 6,000, a significant increase of about HKD 5,000 or 500.0% attributed to rising lease liabilities[54] - Trade and other payables increased significantly to approximately HKD 14.6 million from HKD 6.4 million, an increase of about HKD 8.2 million or 127.3% due to business expansion in the Chinese market[58] Corporate Governance and Compliance - The financial data is prepared in accordance with Hong Kong Financial Reporting Standards, ensuring compliance and transparency in reporting[9] - The group has adopted new and revised Hong Kong Financial Reporting Standards effective from April 1, 2025, but these did not have a significant impact on the unaudited condensed consolidated financial information for the six months ended September 30, 2025[10] - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2025, confirming compliance with applicable accounting standards and regulations[88] - The company has adopted corporate governance practices based on GEM Listing Rules Appendix C1, ensuring compliance with all applicable regulations[86] Future Outlook and Strategy - The company continues to focus on providing interior design and execution services, with plans for market expansion and potential new product offerings in the future[8] - The company aims to maintain and strengthen its market position in Hong Kong while cautiously exploring opportunities in mainland China[45] - The company plans to enhance brand awareness and marketing efforts as part of its growth strategy[45] - The company continues to invest in business development in both Hong Kong and mainland China to further increase revenue contributions[48] Shareholder Information - Major shareholder Jun Tai Ting Investment holds 159,068,639 shares, representing 73.87% of total equity as of September 30, 2025[77] - The group has no significant contingent liabilities as of September 30, 2025[40] - The group did not declare any dividends for the six months ended September 30, 2025, consistent with the previous year[23] - The company did not recommend any dividend payment for the six months ending September 30, 2025[80] Employment and Workforce - The group had 25 employees as of September 30, 2025, down from 37 employees as of March 31, 2025[74] - The total employee cost for the six months ending September 30, 2025, was approximately HKD 5.8 million, down from HKD 7.3 million for the same period in 2024[74] Miscellaneous - The board approved the unaudited condensed consolidated financial information for the six months ended September 30, 2025, on November 26, 2025[42] - There were no significant acquisitions or disposals of subsidiaries, associates, or joint ventures during the six months ending September 30, 2025[66] - The company has not purchased, sold, or redeemed any listed securities during the six months ending September 30, 2025[83] - The company is currently seeking suitable candidates to fill the vacancies left by the resignation of Ms. Tang Yuying as an independent non-executive director and chair of the remuneration committee, which has resulted in non-compliance with GEM listing rules[89] - The mid-term report for the fiscal year 2025/2026 will be published in accordance with GEM listing rules and will be available on the Hong Kong Stock Exchange website and the company's website[90]

Financial Performance - For the six months ended September 30, 2025, the group recorded revenue of approximately HKD 815.5 million, an increase of approximately HKD 567.3 million or 228.6% compared to HKD 248.2 million for the same period in 2024[3] - Gross profit for the same period was approximately HKD 84.2 million, up by approximately HKD 39.8 million or 89.6% from HKD 44.4 million in 2024, with a gross margin of approximately 10.3%[3] - The profit attributable to owners of the company was approximately HKD 15.1 million, a turnaround from a loss of approximately HKD 26.6 million in the same period of 2024[3] - Adjusted EBITDA increased from approximately HKD 15.9 million for the six months ended September 30, 2024, to approximately HKD 36.1 million for the same period in 2025[3] - Basic and diluted earnings per share for the six months ended September 30, 2025, were approximately HKD 0.55, compared to a loss of approximately HKD 1.06 per share in 2024[3] - Total comprehensive income for the period was approximately HKD 15.5 million, compared to a loss of approximately HKD 25.6 million in the same period of 2024[5] Revenue Breakdown - For the six months ended September 30, 2025, total revenue from external customers reached HKD 815,529,000, a significant increase from HKD 248,176,000 for the same period in 2024, representing a growth of approximately 228%[21] - Revenue from Hong Kong increased to HKD 310,846,000 in 2025, up from HKD 232,342,000 in 2024, reflecting a growth of about 34%[21] - Revenue from the People's Republic of China surged to HKD 427,496,000 in 2025, compared to HKD 15,834,000 in 2024, indicating an increase of over 2600%[21] - The construction and renovation segment generated external revenue of HKD 25,728,000, while the reverse supply chain management and environmental services segment contributed HKD 789,801,000, totaling HKD 815,529,000 for the period[18] - Revenue from reverse supply chain management and environmental services reached HKD 789,801,000 for the six months ended September 30, 2025, compared to HKD 157,443,000 in 2024, marking an increase of 401%[23] Assets and Equity - Non-current assets increased to approximately HKD 483.6 million as of September 30, 2025, from HKD 341.6 million as of March 31, 2025[6] - Current assets totaled approximately HKD 519.8 million as of September 30, 2025, compared to HKD 537.7 million as of March 31, 2025[6] - The company's total equity attributable to owners increased to approximately HKD 624.9 million as of September 30, 2025, from HKD 467.1 million as of March 31, 2025[7] Dividends and Share Issuance - The board has resolved not to declare any interim dividend for the six months ended September 30, 2025, consistent with the previous year[3] - The company issued a total of 86,940,000 reward shares under its share incentive plan, representing 6.93% of the existing issued share capital as of October 12, 2023[52] - The company raised approximately HKD 129.3 million from the placement of 21,553,000 new shares at a price of HKD 6.0 per share on December 24, 2024, with a net amount of approximately HKD 129.2 million after expenses[53] Expenses and Costs - Total interest expenses for the six months ended September 30, 2025, amounted to HKD 2,056,000, an increase from HKD 1,784,000 in 2024[26] - Operating expenses decreased by approximately HKD 10.1 million or 13.7% to about HKD 63.8 million for the six months ended September 30, 2025, compared to HKD 73.9 million in 2024[65] - Total salary and related costs for the six months ended September 30, 2025, amounted to approximately HKD 23.4 million, compared to HKD 54.7 million for the six months ended September 30, 2024[77] Acquisitions and Investments - The company completed the acquisition of 100% equity in Green Jade on May 13, 2025, with a total consideration of approximately HKD 39.3 million, paid through the issuance of 4,545,455 new shares at a price of HKD 8.65 per share[55] - The company agreed to acquire 100% of Green Jade Reverse Logistics Limited for HKD 35,000,000, issuing 4,545,455 new shares at HKD 7.7 per share[87] - The acquisition was completed on May 13, 2025, with a total value of approximately HKD 39,318,000 based on the closing price on that date[87] Loans and Financing - Interest income from loans to independent third parties was HKD 1,125,000 for the six months ended September 30, 2025, down from HKD 2,846,000 in 2024[25] - The company provided a loan of USD 7,000,000 (approximately HKD 54,411,000) to the borrower at a 5% annual interest rate, with a three-year maturity[91] - The loan amount was increased by USD 3,000,000 (approximately HKD 23,319,000) under an appendix to the financing agreement[91] Corporate Governance and Compliance - The company has adopted and complied with the corporate governance code as per the listing rules[105] - The audit committee, established on July 25, 2018, is responsible for reviewing financial statements and overseeing external auditors[107] - The interim financial statements for the six months ended September 30, 2025, were reviewed and approved by the audit committee, ensuring compliance with applicable accounting standards[108] Future Outlook - The company plans to continue expanding its reverse supply chain management and environmental services, leveraging self-developed technology for battery recycling and energy storage systems[58] - The company anticipates continued growth in the reverse supply chain management and environmental services sector, which aligns with global green business trends[61]

Share Incentive Plans - As of December 31, 2024, a total of 49,730,386 shares are available under the post-IPO share option plan, representing 10.16% of the issued shares[5] - Under the first share incentive plan, the number of shares as of January 1, 2024, December 31, 2024, and the report date are 17,203,009, 17,483,009, and 17,483,009 respectively, accounting for 3.51%, 3.57%, and 3.57% of the issued shares[6] - A total of 330,000 shares vested during the year, with a weighted average closing price of HKD 2.30 prior to the vesting dates[8] - No rewards were cancelled under the first share incentive plan during the year[9] - As of December 31, 2024, a total of 49,305,718 shares are available under the second share incentive plan, representing 10.07% of the issued shares[10] - The company has not granted any rewards under the second share incentive plan since its adoption[10] - The company has not issued any new shares for the rewards under the first share incentive plan, as they are fulfilled through shares purchased on the market[6] Corporate Governance - The board of directors includes Mr. Ma Ting-hsiung as chairman and executive director, with a total of four executive directors and three independent non-executive directors[13] Reporting and Announcements - The company plans to publish its annual report for the year ending December 31, 2024, on April 24, 2025[3] - The announcement serves as supplementary information to the annual report and does not affect other information contained in the annual report[11]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 456.7 million, an increase of 1.9% compared to HKD 448.3 million for the same period in 2024[3] - EBITDA for the period was HKD 73.7 million, reflecting a growth of 5.8% from HKD 69.7 million in the previous year[3] - The net profit attributable to shareholders decreased by 23.7% to HKD 4.9 million, down from HKD 6.4 million in the prior period[3] - Basic earnings per share were HKD 0.37, a decline of 21.3% compared to HKD 0.47 in the same period last year[3] - The total comprehensive income for the period was HKD 3,019,000, down from HKD 6,106,000, indicating a decrease of approximately 50.5%[8] - The company's profit attributable to shareholders for the review period was approximately HKD 4,900,000, a decrease from HKD 6,400,000 in the previous period, primarily due to increased sales and distribution expenses related to online food delivery platforms[70] Revenue Breakdown - Revenue from Hong Kong increased by 13.3% to HKD 274.1 million, while revenue from mainland China decreased by 12.6% to HKD 171.2 million[3] - Restaurant operation revenue amounted to HKD 442,968,000 for the six months ended September 30, 2025, compared to HKD 436,436,000 in the previous year, indicating a growth of about 1.2%[21] - Revenue from food sales reached HKD 13,744,000 for the six months ended September 30, 2025, up from HKD 11,884,000 in 2024, marking an increase of approximately 15.6%[21] - Revenue from external customers in Hong Kong was HKD 274,071,000 for the six months ended September 30, 2025, compared to HKD 241,856,000 in 2024, showing a growth of around 13.3%[17] - Revenue from external customers in Mainland China was HKD 171,159,000 for the six months ended September 30, 2025, down from HKD 195,861,000 in 2024, reflecting a decline of approximately 12.6%[17] Operational Metrics - The total number of restaurants operated as of September 30, 2025, was 70, compared to 69 as of March 31, 2025[3] - The number of restaurants in Hong Kong remained stable at 28, while mainland China maintained 32 locations[3] - The group operates a total of 70 restaurants across Hong Kong, Macau, mainland China, and Singapore as of September 30, 2025[52] - The group has closed 3 restaurants in Hong Kong and 2 in mainland China during the review period, while opening 2 in mainland China and 1 in Macau[53] Cost and Expenses - The cost of goods sold was HKD 116,095,000, slightly higher than HKD 115,602,000 in the previous year, indicating a marginal increase of 0.4%[6] - Employee costs amounted to HKD 152,728,000, consistent with HKD 152,641,000 from the previous year, showing stability in labor expenses[6] - The company's operating expenses totaled HKD 56,166,000, a decrease from HKD 62,621,000 in the previous year, reflecting a reduction of about 10.4%[6] - Other income decreased to HKD 6,039,000 from HKD 8,047,000, a decline of about 25%[6] Assets and Liabilities - As of September 30, 2025, total non-current assets amounted to HKD 637,323,000, an increase from HKD 606,662,000 as of March 31, 2025, representing a growth of approximately 5.5%[9] - Current assets totaled HKD 217,394,000, slightly down from HKD 221,251,000 in the previous period, indicating a decrease of about 1.6%[10] - Total liabilities for the company were HKD 214,952,000, which is an increase from HKD 211,079,000, reflecting a rise of approximately 1.4%[10] - Total equity attributable to shareholders was HKD 443,871,000, up from HKD 440,715,000, showing a modest increase of about 0.5%[10] Strategic Initiatives - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[5] - The company continues to focus on enhancing operational efficiency and exploring strategic partnerships to drive growth[5] - The group has implemented strategic adjustments to expand its customer base and reshape its brand in response to the local market's weakness[53] - The group is strategically expanding its restaurant portfolio to capture emerging market opportunities, particularly among younger consumers[47] Governance and Compliance - The financial results have been reviewed by the Audit Committee but remain unaudited[5] - The financial statements have been prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring consistency with the accounting policies adopted in the audited financial statements for the year ending March 31, 2025[13] - The group has applied the revised Hong Kong Financial Reporting Standards during the interim period, which did not have a significant impact on the financial position and performance[14] - The company will continue to enhance its corporate governance practices to ensure compliance with the corporate governance code[88]

Financial Performance - For the six months ended September 30, 2025, the company's revenue was HK$213,630,000, an increase of 5.9% compared to HK$201,705,000 for the same period in 2024[14]. - The gross profit for the reporting period was HK$8,016,000, down 26.0% from HK$10,826,000 in the previous year[14]. - The loss before tax for the period was HK$9,520,000, compared to a loss of HK$8,782,000 in the same period last year, indicating a deterioration in performance[14]. - Basic and diluted loss per share improved slightly to HK(3.31) cents from HK(3.58) cents year-on-year[14]. - The total comprehensive loss for the period was HK$9,520,000, compared to HK$8,782,000 in the prior year, indicating an increase in overall losses[14]. - The company reported no income tax expense for the period, consistent with the previous year[14]. - Other income and gains decreased to HK$1,047,000 from HK$1,744,000, a decline of 39.9%[14]. - Cash used in operations amounted to HK$39,103,000 for the six months ended September 30, 2025, compared to HK$10,687,000 for the same period in 2024, indicating a significant increase in cash outflow[24]. - The company reported a net decrease in cash and cash equivalents of HK$22,361,000 for the six months ended 30 September 2025, contrasting with an increase of HK$3,342,000 in the prior year[26]. - The Group's revenue for the Reporting Period was approximately HK$213,630,000, representing an increase of approximately 5.9% from HK$201,706,000 for the six months ended 30 September 2024[102]. Assets and Liabilities - Total non-current assets decreased from HK$62,913,000 as of March 31, 2025, to HK$49,278,000 as of September 30, 2025, representing a decline of approximately 21.8%[16]. - Current assets decreased significantly from HK$249,733,000 as of March 31, 2025, to HK$168,692,000 as of September 30, 2025, a reduction of about 32.4%[16]. - Total current liabilities decreased from HK$198,837,000 as of March 31, 2025, to HK$114,056,000 as of September 30, 2025, indicating a decrease of approximately 42.6%[16]. - Total equity decreased from HK$111,603,000 as of March 31, 2025, to HK$102,083,000 as of September 30, 2025, a decline of approximately 8.5%[18]. - Accounts receivable decreased significantly to HK$8,524,000 as of 30 September 2025 from HK$35,633,000 as of 31 March 2025, a decrease of 76.1%[68]. - The total accounts payable decreased from HK$23,401,000 to HK$5,925,000, a decline of approximately 74.7%[78]. Business Segments - The company is primarily engaged in four business segments: construction, securities investment, property investment, and money lending[28][37]. - The construction business segment focuses on fitting-out works and electrical and mechanical engineering services[37]. - Revenue from the construction segment was approximately HK$211,290,000, reflecting a 7.2% increase from HK$197,121,000 for the same period last year[102]. - Revenue from the property investment segment was approximately HK$190,000, a decrease of 36.0% from HK$297,000 for the same period last year[102]. - Revenue from the money lending segment was approximately HK$2,527,000, an increase of approximately 1.2% from HK$2,497,000 for the six months ended September 30, 2024[102]. Operational Efficiency and Future Plans - The company is committed to improving operational efficiency and exploring new market opportunities to enhance future performance[12]. - The Group plans to exercise caution in tendering for new contracts and focus on more profitable E&M works and interior fitting out sectors[164][166]. - The Group's construction business is expected to remain competitive, but it aims to strengthen its market position through AI technology and established relationships[160][162]. - The Group continues to develop its money lending business despite increased competition and uncertainty in the market[173][175]. Share Options and Governance - The total number of shares available for issue under the 2025 Share Option Scheme was 28,800,000 as of the date of approval and 30 September 2025[195]. - The total number of shares that may be issued under the 2025 Share Option Scheme is capped at 10% of the total issued shares as of the approval date, amounting to 28,800,000 shares[197]. - The acceptance period for share option grants is 30 days from the offer date, with a nominal consideration of HK$1.00 required[200]. - The share option scheme is designed to align the interests of directors and substantial shareholders with those of the company[198]. - The company aims to maintain transparency and governance in the issuance of share options to enhance shareholder trust[199].

Financial Proceeds - The net proceeds from the rights issue completed on May 8, 2024, amounted to approximately HKD 77.9 million[3] - Of the net proceeds, HKD 70 million is allocated for repaying loans and other payables, with the remaining HKD 7.9 million used for general working capital[4] - As of the announcement date, HKD 70 million of the net proceeds remains unutilized, with expected utilization dates in September 2026 and October 2027[4] Stock Options - The number of stock options available for grant under the stock option plan as of January 1, 2024, was 18,911,563 options, which was adjusted to 1,891,156 options after a share consolidation[5] - The total number of shares available for issuance under the stock option plan is 1,891,156 shares, representing approximately 0.93% of the total issued shares as of March 31, 2025[5]

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之內容概不負 責，對本公告之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 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 – 2 – KWOON CHUNG BUS HOLDINGS LIMITED 冠忠巴士集團有限公司 * （於百慕達註冊成立之有限公司） （股份代號：306） 截至二零二五年九月三十日止六個月之 中期業績 冠忠巴士集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）欣然宣佈本公司及 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，連同二零二四年同期之比較數字。簡明綜合中期財務資料未經審核， 但已由本公司之審核委員會審閱。 * 僅供識別 – 1 – 中期簡明綜合損益表 | | | 截至九月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | 附 註 | （未經審核） | （未經審核） | | | | 千港元 | 千港元 | | 收 ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」）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 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。 MediNet Group Limited 醫匯集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：8161） 截 至2025年9月30日 止 六 個 月 的 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 相 比 起 聯 交 所 上 市 的 其 他 公 司 帶 有 更 高 投 資 風 險 的 中 小型公司提供上市的市場。有意投資者應了解投資於此類公司的潛在風險， 並 應 經 審 慎 周 詳 考 慮 後 方 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 ...