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2025 ANNUAL REPORT 年報 Universe Entertainment And Culture Group Company Limited 寰宇娛樂文化集團有限公司 Annual Report 2025 年報 目錄 CONTENT 2 Corporate Information 公司資料 4 Chairman's Statement 主席報告 6 Management Discussion and Analysis 管理層討論及分析 14 Directors and Senior Management Profile 董事及高級管理人員簡介 17 Corporate Governance Report 企業管治報告 36 Environmental, Social & Governance Report 環境、社會及管治報告 68 Report of the Directors 董事會報告書 90 Independent Auditor's Report 獨立核數師報告書 95 Consolidated Statement of Financial Position 綜合財務狀況表 97 C ...

Financial Performance - The company's revenue for Q3 2025 reached ¥1,775,423,981.12, representing a year-on-year increase of 3.86%[11] - Net profit attributable to shareholders for the same period was ¥637,097,023.97, a significant increase of 98.73% compared to the previous year[11] - The basic earnings per share for Q3 2025 was ¥0.74, marking a 100% increase year-on-year[11] - Total operating revenue for the current period was CNY 5,025,868,260.75, a slight decrease of 0.83% compared to CNY 5,067,615,359.89 in the previous period[42] - Net profit for the current period reached CNY 1,091,681,166.46, representing a 20.92% increase from CNY 903,135,476.96 in the previous period[43] - Total comprehensive income for the period reached CNY 1,101,327,590.25, an increase from CNY 852,425,592.60 in the previous period, representing a growth of approximately 29.2%[44] - Basic and diluted earnings per share increased to CNY 1.19, up from CNY 0.94, reflecting a growth of 26.6%[44] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥28,784,251,786.89, reflecting a slight increase of 0.39% from the previous year[13] - The equity attributable to shareholders at the end of the reporting period was ¥21,176,338,660.50, an increase of 2.45% from the previous year[13] - The company's total liabilities decreased to CNY 4,076,658,483.57 from CNY 4,606,536,600.57, a reduction of 11.48%[40] - Non-current liabilities totaled CNY 1,138,805,470.53, an increase of 20.56% from CNY 944,684,135.45[40] - The company's total equity increased to CNY 24,707,593,303.32, up from CNY 24,064,479,186.59, reflecting a growth of 2.67%[40] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥739,557,629.57, which is an increase of 27.78% compared to the same period last year[11] - Cash flow from operating activities generated a net amount of CNY 739,557,629.57, compared to CNY 578,769,609.95 in the previous period, indicating an increase of 27.8%[47] - Cash inflow from investment activities totaled CNY 1,962,639,120.81, significantly higher than CNY 667,411,884.05 in the prior period, marking a growth of 194.1%[48] - Net cash flow from financing activities was negative at CNY -1,684,788,363.95, worsening from CNY -272,001,685.95 in the previous period[48] Investments and Income - Investment income grew by 303.29% to ¥440,220,795.12 driven by higher returns from joint ventures and subsidiaries[21] - The company reported an investment income of CNY 440,220,795.12, significantly higher than CNY 109,158,171.38 in the previous period[42] - The company reported a fair value change income of ¥323,191,353.26, a significant recovery from a loss of ¥34,411,947.15 in the previous year[21] - Cash received from investment income was CNY 165,736,772.10, up from CNY 33,510,950.69, reflecting a growth of 394.5%[48] Receivables and Payables - Accounts receivable increased by 61.04% to ¥9,679,509.20 due to the receipt of bank acceptance bills from customers during the reporting period[19] - Prepayments rose by 39.48% to ¥142,175,462.53 primarily due to increased advance payments to suppliers[19] - Other receivables surged by 111.21% to ¥188,040,915.78 mainly from the sale of financial assets not yet collected[19] - The total amount of accounts receivable increased from CNY 1,359,758,181.20 to CNY 1,427,166,648.66, reflecting a growth of approximately 4.9%[37] Expenses - Total operating costs increased to CNY 4,559,527,495.20, up 13.23% from CNY 4,026,550,519.06 in the previous period[42] - Research and development expenses rose to CNY 191,239,953.92, an increase of 11.56% compared to CNY 172,098,760.28[42] - Financial expenses increased by 142.77% to ¥76,159,524.04 due to reduced interest income and increased foreign exchange losses[21] Shareholder Information - The number of shares held by the top ten unrestricted shareholders includes HKSCC NOMINEES LIMITED with 123,119,129 shares, representing a significant portion of the total[30] - The company has a total of 171,687,044 restricted shares, which are subject to annual release conditions[34]

Financial Performance - For the first nine months of 2025, the group's net operating income before impairment provisions increased by 6.3% year-on-year to HKD 57.179 billion, while the third quarter saw a quarter-on-quarter decline of 13.9%[4] - The net interest income after accounting for foreign exchange swap contracts decreased by 0.7% year-on-year to HKD 43.3 billion, with the net interest margin narrowing by 8 basis points to 1.54% due to lower market interest rates compared to the previous year[5] - Net service fees and commission income rose by 22.1% year-on-year to HKD 9.051 billion, driven by increased demand for wealth management services and improved market conditions[5] - Customer deposits grew by 10.2% compared to the end of 2024, totaling HKD 3,001.306 billion, with savings deposits increasing and time, short-term, and notice deposits declining[9] - The impairment loan ratio stood at 0.96%, continuing to outperform the market average[9] - Total assets reached HKD 4,465.713 billion as of September 30, 2025, reflecting a 6.5% increase from the end of 2024[9] - Operating expenses increased by 1.9% year-on-year, with a cost-to-income ratio of 22.05%, maintaining a strong position within the local banking sector[6] - The liquidity coverage ratio, stable funding ratio, and capital ratio remained robust, ensuring financial stability[9] Business Strategy and Development - The group is actively pursuing business opportunities in the Greater Bay Area and Southeast Asia, enhancing cross-border business advantages and promoting integrated development strategies[10] - The company is focusing on digital transformation through artificial intelligence and strengthening comprehensive risk management foundations to effectively address risk challenges[10] - The company is actively promoting digital transformation to enhance online services, trading capabilities, and risk management levels[13] - The company has expanded its cross-border services in the Greater Bay Area, with new RMB mortgage and property loan solutions launched for customers[11] - The company is deepening its regional management model in Southeast Asia, expanding its financial product service system to capture opportunities from the Belt and Road Initiative[14] Market Position and Services - The stock trading volume in the first nine months of 2025 significantly increased compared to the same period last year, driven by a recovery in the Hong Kong stock market and new IPOs[11] - The company launched a new guaranteed fund to meet investor demand for stable returns and to capture the potential upside in the US stock market, providing guaranteed dividends and value[11] - The company maintained its market leadership in the primary market for IPO fundraising, with a leading position in syndicate loan arrangements in the Hong Kong and Macau regions[12] - The company has been recognized as an international securities custodian service provider, enhancing its multi-currency account overdraft services and automated foreign exchange transaction settlement[12] - The company is focusing on high-end customers' needs for inheritance-related life insurance products, enriching its product series and enhancing promotional efforts[11] - The company is supporting carbon reduction and sustainable development for enterprises in Hong Kong, the Greater Bay Area, and Southeast Asia through green and sustainable loans and bonds[12] Dividends - The third interim dividend for the fiscal year 2025 is set at HKD 0.29 per share, with the record date for shareholders on November 20, 2025[15]

Financial Performance - The pre-tax profit on a reported basis for Q3 2025 was $7.3 billion, a decrease of $1.2 billion compared to Q3 2024, primarily due to increased operating expenses including a legal provision of $1.4 billion[5]. - Total revenue for Q3 2025 increased by $0.8 billion to $17.8 billion, a growth of 5% supported by increased customer activity in wealth management[5]. - Operating expenses for Q3 2025 were $10.1 billion, an increase of $1.9 billion or 24% compared to Q3 2024, driven by notable items including a legal provision of $1.4 billion[5]. - The company reported a net profit of $17,944 million for the nine months ended September 30, 2025, a decrease of 26.2% from $24,414 million in the same period of 2024[31]. - The company reported a pre-tax profit of $30,032 million for the nine months ended September 30, 2025, an increase from $28,000 million in the same period of 2024[173]. Net Interest Income - The net interest income for Q3 2025 was $8.8 billion, an increase of $1.1 billion or 15% compared to Q3 2024, reflecting growth in deposits and structural hedging benefits[5]. - Net interest income was $25.6 billion, an increase of $1.1 billion, despite a $1.5 billion adverse impact from the sale of Argentine and Canadian businesses[8]. - The bank's net interest income for the first nine months of 2025 was $32.362 billion, a decrease of $0.4 billion or 1% compared to the same period in 2024, primarily due to the sale of operations in Argentina and Canada, which accounted for a $1.6 billion reduction[61]. - The net interest margin remained stable at 1.57% for both the nine months ended September 30, 2025, and 2024[17]. Operating Expenses - Operating expenses rose by $2.7 billion to $27.1 billion, an increase of 11%, primarily due to significant items including legal provisions and restructuring costs[8]. - Operating expenses for Q3 2025 increased by 24% to $10,076 million from $8,143 million in Q3 2024[33]. - The company’s operating expenses included a $1,400 million legal provision, which significantly impacted the overall expense increase[43]. Expected Credit Losses - Expected credit losses for Q3 2025 were $1 billion, unchanged from Q3 2024, with provisions related to wholesale business risks[5]. - Expected credit losses increased by $900 million to $2.9 billion, with a significant portion attributed to increased provisions related to Hong Kong commercial real estate[8]. - Expected credit losses for the first nine months of 2025 were $2.95 billion, up from $1.99 billion in the same period of 2024, indicating a significant increase of about 48%[132]. Capital Ratios - The common equity tier 1 capital ratio was 14.5%, a decrease of 0.1 percentage points from Q2 2025, primarily due to a reduction in common equity tier 1 capital[5]. - The common equity tier 1 capital ratio mid-term target range is maintained at 14% to 14.5%, with anticipated capital impacts from the proposed privatization of Hang Seng Bank[8]. Dividends and Share Buybacks - The board approved a dividend of $0.10 per share for Q3 2025, and a $3 billion share buyback was completed on October 24, 2025[5]. - The dividend payout ratio target for 2025 is maintained at 50%, excluding significant items and related impacts[8]. Wealth Management - Wealth management assets under management reached $15 trillion as of September 30, 2025, representing a 13% increase year-over-year, with net new investment assets of $73 billion in the first nine months of 2025[16]. - Wealth management revenue increased by $1.44 billion or 25%, reflecting strong performance in the segment[46]. Strategic Transactions - HSBC announced a conditional proposal to privatize Hang Seng Bank, which is expected to result in a capital impact of approximately 125 basis points upon completion[12]. - The group plans to reallocate approximately $1.5 billion from non-strategic business activities to areas with significant competitive advantages and value-added returns[13]. - The company recognized a $1 billion impairment loss on its investment in the joint venture after conducting a value impairment test[134]. Market Conditions and Outlook - The Federal Reserve's target interest rate is currently set between 4% and 4.25%, with expectations for further rate cuts by the end of the year[182]. - The company anticipates moderate growth in its main markets in 2026, influenced by trade and tariff policies[181].

Financial Performance - The company's revenue for the year ended June 30, 2025, was approximately HKD 303,427,000, an increase of 29% from HKD 234,832,000 in the previous year[3]. - Gross profit rose to approximately HKD 4,968,000, up 76% from HKD 2,827,000 last year, with a gross margin improvement from 1.2% to 1.6%[3][13]. - The company reported a loss attributable to shareholders of approximately HKD 17,128,000, compared to a profit of HKD 45,641,000 in the previous year, representing a 138% decline[3][6]. - Total assets decreased by 17% to HKD 74,999,000 from HKD 90,454,000 last year[3]. - The current ratio fell by 24% to 16.31 from 21.43, indicating a decline in liquidity[3]. - The company recorded a loss attributable to owners of approximately HKD 17,128,000, compared to a profit of about HKD 45,641,000 in the previous year, primarily due to the absence of one-time gains from the sale of subsidiaries[19]. - The total comprehensive loss for the year was HKD 16,464,000, compared to a comprehensive income of HKD 46,742,000 in the previous year, highlighting a shift towards negative overall performance[170]. - The company reported a net loss of HKD 17,128,000 for the year ending June 30, 2025, compared to a profit of HKD 45,641,000 in the previous year, indicating a significant downturn in performance[174]. Operational Strategies - The company anticipates that the global economic uncertainty will continue to impact market dynamics, particularly in its core procurement and sales market in China[8]. - Future strategies include optimizing the business portfolio by focusing on high-margin, sustainable business segments and expanding the product range of proprietary brand products[8]. - The company plans to implement strict risk management measures, including cash flow management and proactive inventory control, to navigate market volatility[8]. - The management is implementing strict pricing and inventory controls to mitigate risks and avoid inventory losses due to fluctuating demand and prices for plastic raw materials[30]. - The company emphasizes cost management and operational discipline while optimizing procurement, pricing, and expenditure efficiency[32]. Expenses and Costs - Sales and distribution expenses increased by approximately 39.6% to about HKD 1,397,000, primarily due to an increase in the number of sales personnel[16]. - General and administrative expenses rose by approximately 27.7% to about HKD 17,652,000, mainly driven by an increase in employee numbers and salary adjustments[17]. - Employee costs, including director remuneration, amounted to approximately HKD 12,165,000 this year, up from HKD 9,603,000 last year[35]. Corporate Governance - The company has adopted the corporate governance code principles and has fully complied with the code, except for the deviation regarding the roles of the Chairman and CEO[49]. - The board consists of 4 executive directors and 3 independent non-executive directors, ensuring at least one independent director has appropriate professional qualifications[55]. - The company emphasizes the importance of independent directors in maintaining corporate governance and transparency[41]. - The independent directors collectively bring a wealth of knowledge in finance, investment, and corporate governance, which is crucial for the company's strategic direction[42][47]. - The board has adopted a diversity policy, emphasizing the importance of diverse skills, backgrounds, and experiences among its members[64]. Risk Management - The company acknowledges several key risks, including potential inability to maintain growth rates and cash flow conditions similar to the past[106]. - The company has established comprehensive policies and procedures for risk management and internal controls, which are regularly updated and reviewed[81]. - The audit committee is responsible for investigating reported cases of misconduct and ensuring confidentiality and timely follow-up actions[83]. Shareholder Relations - The company maintains a high level of transparency in communications with shareholders, utilizing annual general meetings and financial reports as primary channels[99]. - The company emphasizes the importance of effective communication with shareholders to enhance investor relations and understanding of business performance[99]. - The company has a dividend policy that aims to balance dividend distribution with retaining sufficient liquidity for operational needs and future growth opportunities[109]. Share Options and Ownership - The company has a stock option plan in place to reward directors and eligible employees[133]. - The company has granted a total of 80,140,000 share options at an exercise price of HKD 0.46 per share, which is the highest of the closing price on the grant date and the average closing price over the previous five trading days[141]. - The total number of share options granted to eligible participants in any 12-month period cannot exceed 1% of the issued shares without shareholder approval[141]. - The company has a total of 72,640,000 stock options available for issuance, representing approximately 5.48% of the issued share capital as of the report date[144]. Financial Reporting and Compliance - The independent auditor has reviewed the consolidated financial statements and found them to fairly reflect the group's financial position as of June 30, 2025[159]. - The company reported that it has complied with all relevant laws and regulations affecting its business operations[114]. - The audit committee held three meetings during the year to review the annual financial performance and reports, as well as the interim results for the six months ending December 31, 2024[75].

Financial Performance - The group's revenue for the eighteen months ending June 30, 2025, was approximately HKD 383.5 million, an increase of about HKD 132.9 million or 53.0% compared to HKD 250.6 million for the year ending December 31, 2023[10]. - The net loss (after tax) for the eighteen months was approximately HKD 5.2 million, significantly reduced from a net loss of approximately HKD 35.9 million for the year ending December 31, 2023[10]. - Gross profit rose by about 25.4% from approximately HKD 127.1 million to about HKD 159.4 million, while the gross profit margin decreased from approximately 50.7% to about 41.6% due to lower margins from project engineering and increased sales costs[19]. - The revenue from furniture sales increased by approximately 29.4% to about HKD 169.4 million, driven by increased sales to local homeowners in Dubai and major property developers in Hong Kong[25]. - Revenue from project engineering surged by approximately 91.4% to about HKD 180.7 million, primarily due to three major projects completed for a well-known property developer in Hong Kong[28]. - Other income and gains increased by approximately 522.2% to about HKD 16.8 million, mainly due to significant fair value gains from an investment in a company seeking to list on NASDAQ[30]. - Selling and distribution expenses rose by approximately 34.4% to about HKD 68.4 million, attributed to increased commission costs for project engineering sales personnel[31]. - Management and other operating expenses increased by approximately 12.8% to about HKD 105.0 million, primarily due to new retail and office lease agreements[32]. - The company reported a loss of approximately HKD 5.2 million (after tax) for the period, compared to a loss of about HKD 35.9 million in the same period last year[38]. Strategic Focus and Market Conditions - The board confirmed that the group will face a challenging operating environment in the coming year due to intense competition in the retail market[16]. - The strategic focus has shifted towards project engineering business in Hong Kong and the UAE due to weak retail sales in the second-hand property market and declining consumer sentiment[18]. - The company anticipates increased demand for residential property renovations in Hong Kong following the government's announcement to lift demand management measures starting February 28, 2024[22]. Capital Management and Investments - The company raised approximately HKD 4.6 million, HKD 3.2 million, and HKD 6.9 million from three new share placements completed on February 2, March 30, and August 28, 2024, respectively[20]. - The net proceeds from the IPO, after deducting underwriting commissions and other related expenses, amounted to approximately HKD 48.5 million[54]. - The company plans to allocate approximately HKD 10.8 million of unutilized proceeds for expanding its retail network in China and the UAE, with HKD 28.38 million originally designated for this purpose[55]. - The company has not yet identified suitable acquisition targets, leading to a reallocation of approximately HKD 5.3 million from potential business investments to general working capital[59]. Employee and Operational Changes - As of June 30, 2025, the group had 90 employees, a decrease from 151 employees as of December 31, 2023[67]. - Total employee costs for the reporting period were approximately HKD 92.3 million, compared to HKD 72.8 million in the same period last year, reflecting a year-over-year increase of about 26%[67]. - The group participates in a mandatory provident fund scheme for all Hong Kong employees, with contributions based on a percentage of relevant income[67]. Corporate Governance and Compliance - The board has established various committees to oversee different responsibilities, enhancing governance and strategic direction[154]. - The company is committed to maintaining high standards of corporate governance, which is crucial for the company's long-term success and sustainability[148]. - The board believes that the internal control and risk management systems are adequate and effective during the reporting period[188]. - The company has not established an internal audit function but has engaged an independent external risk consulting firm to review its internal control systems[188]. Shareholder Relations and Dividends - The board does not recommend the distribution of a final dividend for the eighteen months ending June 30, 2025[10]. - The company has a dividend policy aimed at balancing sufficient reserves for future development and returning profits to shareholders[199][200]. - The company maintains effective communication channels with shareholders, including annual general meetings and reports published on its website[195][198]. Related Party Transactions - The company established a significant related party transaction with Links Commercial Brokers LLC, which holds a 51% legal interest in Indigo Dubai, allowing the company to maintain 100% control over Indigo Dubai[118]. - The company paid zero AED for services related to Indigo Dubai during the reporting period, indicating no financial outflow for these services[121]. - Indigo Dubai's profits are primarily allocated to the group, with no dividends or distributions made to its shareholders during the reporting period[129]. Risks and Uncertainties - The group faced significant risks and uncertainties, detailed in note 36 of the consolidated financial statements[85]. - The board has confirmed that there are no significant uncertainties regarding the company's ability to continue as a going concern[186].

Financial Performance - For Q3 2025, the company reported operating revenue of RMB 937,643,169.87, representing a year-on-year increase of 35.65%[9] - Net profit attributable to shareholders for Q3 2025 was RMB 56,640,120.32, up 25.60% compared to the same period last year[9] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 48,629,901.60, reflecting a 19.19% increase year-on-year[9] - Total operating revenue for the first nine months of 2025 reached RMB 2,461,803,297.02, a significant increase from RMB 1,817,567,758.66 in the same period of 2024, representing a growth of approximately 35.4%[20] - Net profit for the first nine months of 2025 was RMB 166,281,639.57, compared to RMB 127,340,842.49 in 2024, reflecting an increase of about 30.6%[20] - Basic and diluted earnings per share for the first nine months of 2025 were both RMB 0.1819, up from RMB 0.1380 in 2024, indicating a growth of approximately 31.0%[21] - The company’s basic earnings per share for Q3 2025 was RMB 0.0689, up 25.27% year-on-year[9] Assets and Liabilities - Total assets as of September 30, 2025, amounted to RMB 3,673,194,719.73, a 12.51% increase from December 31, 2024[9] - The net assets attributable to shareholders increased to RMB 2,043,396,352.45, marking a 5.16% rise compared to the end of 2024[9] - Total liabilities increased to RMB 1,605,389,978.49 as of September 30, 2025, compared to RMB 1,313,786,024.86 at the end of 2024, marking an increase of approximately 22.2%[19] - Current assets totaled RMB 2,526,090,488.98 as of September 30, 2025, up from RMB 2,272,869,052.91 at the end of 2024, reflecting a growth of about 11.1%[17] Cash Flow - The net cash flow from operating activities for the first nine months of 2025 reached RMB 191,968,801.70, a significant increase of 4,082.45%[13] - Operating cash flow for the period from January to September 2025 was $191,968,801.70, a significant improvement compared to a net cash outflow of $4,820,372.51 in the same period of 2024[23] - Cash inflow from operating activities totaled $1,715,958,510.07, up from $893,761,704.20 in the previous year, indicating a growth of approximately 92%[23] - Cash outflow for purchasing goods and services increased to $855,899,933.49 from $514,943,241.84, reflecting a rise of about 66%[23] - Total cash and cash equivalents at the end of September 2025 reached $274,889,111.56, compared to $221,269,967.57 at the end of September 2024, marking an increase of approximately 24%[23] - The net increase in cash and cash equivalents for the period was $61,920,156.74, compared to $101,438,158.09 in the previous year[23] Research and Development - Research and development expenses for the first nine months of 2025 were RMB 135,850,500.78, compared to RMB 100,595,342.38 in 2024, indicating an increase of approximately 35.0%[20] Revenue Drivers - The company attributed revenue growth to the acceleration of trends in automotive electrification and globalization, as well as an increase in market share of Chinese passenger vehicles[13] Non-Recurring Items - Non-recurring gains and losses for Q3 2025 amounted to RMB 8,010,218.72, down from RMB 20,875,432.65 in the same period last year[11]

Financial Performance - Total revenue for the fiscal year 2025 is projected to be 8.448 billion HKD, representing a 2.2 times increase compared to the fiscal year 2017[17]. - Shareholder profit for the fiscal year 2025 is expected to reach 4.333 billion HKD, which is 2.6 times higher than in the fiscal year 2017[17]. - Revenue for the fiscal year ending June 30, 2025, was HKD 8,159.9 million, a decrease of 3.4% from HKD 8,447.9 million in 2024[29]. - Gross profit for the same period was HKD 1,053.5 million, down 0.5% from HKD 1,059.2 million[29]. - Profit attributable to shareholders decreased by 9.6% to HKD 453.2 million from HKD 501.1 million in the previous year[29]. - Basic earnings per share fell to HKD 0.99, a decline of 9.2% compared to HKD 1.09 in 2024[29]. - The adjusted profit for the fiscal year 2025 was HKD 4,516 million, a decrease of 5.0% from HKD 4,753 million in 2024[31]. - The group recorded a profit attributable to shareholders of HKD 453.2 million, a decrease of 5.0% from HKD 475.3 million last year, primarily due to delays in design and construction projects in the electromechanical engineering services segment[112]. - The group secured contracts worth HKD 7.9 billion this year, with an outstanding contract value exceeding HKD 14.5 billion[112]. - The company reported a significant increase in overall revenue, achieving a year-on-year growth of 15%[134]. Dividends and Payouts - The company has maintained a stable dividend payout ratio of approximately 40%[19]. - The company declared a final dividend of HKD 0.185 per share, down from HKD 0.214 in 2024, resulting in a total dividend of HKD 0.396 per share for the year[30]. - The company achieved a 40.1% dividend payout ratio for the fiscal year 2025, compared to 40.0% in 2024[30]. Employee and Training Initiatives - Total training hours for employees reached 247,420 hours for the fiscal year ending June 30, 2025[21]. - The total number of employees as of June 30, 2025, is 26,678, up from 1,662 in 2016[21]. - The company plans to enhance safety training hours to 120,000 in the fiscal year 2026, representing a 9.2% increase[108]. - Stakeholder engagement training hours are set to increase to 67,820 in the fiscal year 2026, reflecting a 10.0% growth[109]. - The total training hours target for the fiscal year 2026 is raised to 270,000, marking a 9.1% increase[110]. Corporate Social Responsibility and Awards - The company has a strong commitment to corporate social responsibility, with 28,367 total volunteer service hours recorded[21]. - The company received the United Nations Sustainable Development Goals Achievement Award in 2024, affirming its commitment to sustainable development[51]. - The company was awarded the HKB National Business Award in the corporate group category, recognizing its achievements in promoting corporate social responsibility in Hong Kong[58]. - The company won the Outstanding Listed Company Award for two consecutive years, highlighting its excellence in business development, innovation, and social responsibility[71]. - The company was recognized for its efforts in creating an inclusive and healthy workplace culture by receiving the Best Practice Award at the 2023-24 National Occupational Health Awards[52]. - The company was awarded the Outstanding ESG Environmental Performance Award, reflecting its active participation in environmental practices[65]. Strategic Growth and Market Expansion - The company continues to focus on expanding its integrated living services and property management sectors, which are key growth areas[37]. - The company completed the acquisition of Beijing New Domain Insurance Brokerage Co., aiming to enhance regional diversification and expand insurance solution offerings, which is expected to improve profitability and create higher returns for shareholders[72]. - The recent acquisition of Beijing New Domain Insurance Brokerage Company is part of the company's strategy to expand service offerings and geographic coverage[111]. - The company is optimistic about expanding its project coverage and winning new contracts in mainland China due to favorable government policies[123]. - The company is exploring strategic acquisitions to bolster its market position, with a budget allocation of $100 million for potential targets[147]. Governance and Management - The company has a diverse board with members holding various professional qualifications and extensive industry experience[149][151][153][155][157][159]. - The board includes members with significant contributions to public service and various advisory committees[160]. - The company emphasizes governance and compliance through its independent directors and audit committee[151][153][155]. - The board's composition reflects a commitment to professional expertise and industry knowledge, enhancing strategic decision-making[149][151][153][155][157][159]. - The company is committed to maintaining high levels of corporate governance to protect shareholder interests and enhance corporate value[193]. - The company has complied with all provisions of the corporate governance code, except for F.2.2, which requires the chairman of the board to attend the annual general meeting[193]. Diversity and Inclusion - The current gender diversity on the board is approximately 7% female representation[198]. - The company aims to increase the percentage of women in senior management from 7% in FY2024 to 20% by September 26, 2025[199]. - The board has adopted a diversity policy that considers gender, age, culture, and educational background for its members[198]. - The company is committed to creating an inclusive work environment for employees from diverse backgrounds[199].

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。 山東天岳先進科技股份有限公司 SICC CO., LTD. （於中華人民共和國註冊成立的股份有限公司） （股份代號：2631） 2025年第三季度報告 本公告由山東天岳先進科技股份有限公司（「公司」，連同其子公司統稱為「本 集團」）根據香港聯合交易所有限公司證券上市規則（「上市規則」）第13.09條及 第13.10B條以及香港法例第571章證券及期貨條例第XIVA部所載的內幕消息條 文（定義見上市規則）作出。 下文載列本集團截至2025年9月30日止九個月（「報告期」）的2025年第三季度報 告（「第三季度報告」）。該報告所載的財務資料乃根據中國企業會計準則編製， 且未經審計。 本公告以中英文兩種語言編製。如中英文版本有任何歧義，概以中文版本為準。 重要內容提示： 公司董事會、監事會及董事、監事、高級管理人員保證季度報告內容的真實、 準確、完整，不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的 法 ...