Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 228,330,000, a decrease of 26.5% compared to HKD 310,905,000 for the same period in 2024[3] - The gross profit for the same period was HKD 13,563,000, down 47.5% from HKD 25,782,000 in 2024[3] - The operating loss for the six months was HKD 10,123,000, compared to an operating profit of HKD 1,577,000 in the previous year[3] - The net loss attributable to shareholders was HKD 11,523,000, compared to a profit of HKD 70,000 in 2024[3] - Revenue for the six months ended September 30, 2025, was HKD 228,330,000, a decrease of 26.5% compared to HKD 310,905,000 for the same period in 2024[14] - The pre-tax loss for the six months ended September 30, 2025, was HKD 11,523,000, compared to a profit of HKD 70,000 in 2024, resulting in a basic loss per share of HKD (0.12)[26] - The group reported a decrease in non-current lease liabilities from HKD 42,011,000 as of March 31, 2025, to HKD 21,191,000 as of September 30, 2025[31] - Gross profit fell by approximately 47.4% from about HKD 25.8 million to approximately HKD 13.6 million, with a gross margin of about 5.9%, down 2.4 percentage points from 8.3% in the same period last year[50] - The group recorded a loss attributable to shareholders of approximately HKD 11.6 million, a significant decline from a profit of approximately HKD 70,000 in the same period last year[55] Assets and Liabilities - The company's total assets decreased to HKD 281,620,000 from HKD 319,981,000 as of March 31, 2025[4] - Current liabilities decreased to HKD 108,987,000 from HKD 135,657,000[5] - The company’s equity attributable to shareholders decreased to HKD 172,801,000 from HKD 184,324,000[4] - The group's current assets net value was approximately HKD 121.1 million as of September 30, 2025, compared to approximately HKD 132.6 million on March 31, 2025[56] - Trade payables as of September 30, 2025, were HKD 21,566,000, with the aging analysis showing HKD 18,182,000 due within 30 days[39] Cash Flow - Cash and cash equivalents at the end of the period were HKD 58,428,000, down from HKD 79,225,000 at the beginning of the period[9] - The net cash generated from operating activities was HKD 443,000, a significant decline from HKD 36,379,000 in the previous year[9] - The group's cash balance decreased from HKD 79,225,000 as of March 31, 2025, to HKD 58,428,000 as of September 30, 2025, reflecting a decline of approximately 26.2%[36] - The group's cash and bank balances as of September 30, 2025, totaled HKD 58,428,000, after accounting for pledged deposits of HKD 3,066,000[36] Operational Highlights - The company reported a significant reduction in air freight forwarding ground service revenue to HKD 121,768,000, down 42.5% from HKD 212,082,000 in 2024[14] - Direct labor costs for the six months ended September 30, 2025, were HKD 51,393,000, a decrease of 17.2% from HKD 62,021,000 in 2024[20] - The company’s total direct costs for the six months ended September 30, 2025, were HKD 183,217,000, down from HKD 245,918,000 in 2024, reflecting a cost reduction strategy[20] - Employee costs totaled approximately HKD 59.2 million during the review period, down from approximately HKD 69.9 million in the same period last year[61] - The group employed 324 employees as of September 30, 2025, down from 363 employees on March 31, 2025[61] Corporate Governance - The company is committed to maintaining high standards of corporate governance, which is essential for gaining and maintaining stakeholder trust[92] - The audit committee, established on February 21, 2018, is chaired by an independent non-executive director and includes three independent non-executive directors[94] - The audit committee's primary duties include reviewing financial information, overseeing the financial reporting system, and ensuring compliance with applicable accounting standards[95] - The company has complied with the corporate governance code during the review period and up to the date of this announcement[93] Shareholder Information - As of September 30, 2025, Mr. Luo Guoliang and Mr. Luo Guohao each hold 750,000,000 shares, representing 75.0% ownership in the company[76] - Dynamic Victor, the beneficial owner, also holds 750,000,000 shares, equating to 75.0% of the company's shares[78] - No shares were bought, sold, or redeemed by the company or its subsidiaries during the review period, and the company held no treasury shares as of September 30, 2025[79] - There were no reported conflicts of interest or competitive activities involving directors or controlling shareholders during the review period[80] Future Outlook - The management remains cautiously optimistic about the medium to long-term development of the industry, focusing on diversifying business models and enhancing revenue sources[48] - The company plans to fully utilize the remaining net proceeds within nine months from the announcement date, subject to market conditions[75]

Business Development and Orders - The company achieved progress in its semiconductor equipment business, securing 7 new orders for semiconductor cleaning equipment, including a high-temperature sulfuric acid cleaning (HTSPM) device [3]. - The company received 4 new orders for CUBE cleaning equipment, including repeat orders from existing customers in the power device sector [4]. - The company obtained 4 new orders for OCTOPUS cleaning equipment, with two units designated for a 12-inch wafer foundry customer, focusing on critical cleaning processes for 28nm technology [5]. - The company is actively expanding its market presence to secure more new orders and maintain a positive business development trend [9]. - The company is committed to continuous technological innovation and market expansion, aiming for improved profit performance in the future [9]. - The company continues to develop and manufacture innovative wafer fabrication equipment (WFE) and solar cell production equipment, including high-end single-wafer cleaning and LPCVD equipment [11]. - The company is focusing on market expansion and new product development as part of its strategic initiatives moving forward [25]. - The semiconductor cleaning equipment business is focusing on expanding market share in wafer thinning and enhancing operational efficiency through new customer development [69]. Financial Performance - Total revenue for the six months ended September 30 was approximately HKD 161.99 million, with sales from equipment at HKD 77.57 million and oil sales at HKD 68.44 million [14]. - The company reported a gross profit of HKD 29.75 million for the six months, compared to a gross profit of HKD 9.75 million in the previous period [14]. - The company incurred a net loss of HKD 93.28 million for the six months, compared to a net loss of HKD 165.12 million in the previous period [14]. - The company’s EBITDA for the six months was a loss of HKD 30.9 million, compared to a loss of HKD 100.8 million in the previous period [14]. - The company reported a net loss primarily due to R&D and administrative expenses of approximately HKD 93.5 million related to the semiconductor and solar energy business [4]. - The company recognized an impairment loss of approximately HKD 40.4 million on investments in associates during the reporting period [3]. - The company reported a total of HKD 464,690,000 in inventories, up from HKD 437,883,000, marking an increase of about 6.13% [27]. - The company reported a total comprehensive income for the six months ended September 30, 2025, was a loss of HKD 94,619,000, compared to a loss of HKD 156,539,000 for the same period in 2024 [26]. Assets and Liabilities - The company’s total assets amounted to HKD 2.33 billion, with total liabilities of HKD 960.34 million [15]. - The company’s net asset value attributable to equity shareholders was HKD 1.4 billion [15]. - The company’s total liabilities included interest expenses of HKD 5,341 thousand for the period [19]. - The company’s total liabilities decreased to HKD 1,548,624,000 from HKD 1,576,348,000, indicating a reduction of about 1.8% [28]. - The company has ongoing investments in construction projects valued at HKD 9,739,000, compared to HKD 8,278,000 previously, reflecting an increase of approximately 17.65% [27]. - The company has a significant amount of restricted cash totaling HKD 261,969,000, which is an increase from HKD 211,781,000, representing a growth of about 23.66% [27]. Market Trends and Projections - The global semiconductor market is projected to reach $697.1 billion by 2025, with a CAGR of 8% until 2030 [59]. - The semiconductor equipment sales are expected to grow by 9% by 2025, reaching $128 billion [59]. - The wafer cleaning equipment market is estimated to reach $7.6 billion by 2025, accounting for 6% of the global market [60]. - The domestic semiconductor cleaning equipment market in China is valued at over $2.4 billion, representing 32% of the global market [60]. - The LPCVD equipment market is expected to account for 8% of the global WFE market by 2025, approximately $10 billion [65]. - The domestic LPCVD equipment market in China is about $3.2 billion, with a localization rate of only 20% [65]. Research and Development - The LPCVD equipment platform has successfully completed major development engineering and is entering the industrialization phase, offering higher performance compared to domestic competitors [7]. - The company is developing innovative and cost-effective wet process equipment to address industry pain points and enhance customer efficiency [6]. - The company has a strong R&D team of approximately 140 personnel, with an average industry experience of over 20 years [61]. - Research and development expenses totaled HKD 53,919,000, up from HKD 33,635,000, highlighting the company's commitment to innovation [25]. Oil Production and Sales - The subsidiary Hong Bo Mining reported total oil sales of 162,861 barrels, generating total revenue of approximately HKD 85.6 million during the reporting period [13]. - The upstream oil asset acquired in 2016 continues to be influenced by geopolitical tensions and global supply-demand fluctuations, with oil prices showing less volatility compared to the previous year [70]. - Crude oil production slightly decreased by approximately 3.5% to 163,999 barrels, while total crude oil sales and net crude oil sales decreased by about 3.8% to 162,861 barrels and 130,289 barrels, respectively [74]. - Due to a decline in average crude oil prices, total crude oil sales revenue decreased by approximately 19.2% to about HKD 85.5 million, and net income decreased to HKD 68.4 million [74]. Corporate Governance and Compliance - The financial report is prepared in accordance with the applicable disclosure requirements of the Stock Exchange of Hong Kong [31]. - The company has adopted corporate governance principles to ensure high standards and transparency, aligning with shareholder interests [140]. - The board of directors has confirmed compliance with all applicable corporate governance rules during the reporting period, except for rule C.2.1 regarding the separation of roles of the chairman and CEO [141]. - The audit committee has reviewed the company's accounting principles and practices, and has no objections to the accounting treatment adopted by the company [137].

Financial Performance - The company's revenue for the six months ended September 30, 2025, was HKD 12,208,000, a decrease of 88.5% compared to HKD 105,944,000 for the same period in 2024[5]. - The cost of sales for the same period was HKD 26,353,000, resulting in a gross loss of HKD 14,145,000, compared to a gross profit of HKD 23,370,000 in 2024[5]. - Operating loss for the six months was HKD 8,031,000, a significant decline from an operating profit of HKD 1,504,000 in the previous year[5]. - The net loss attributable to the company's owners was HKD 8,319,000, compared to a loss of HKD 1,397,000 in the same period last year[5]. - The company reported a basic and diluted loss per share of HKD 1.1, compared to HKD 0.3 in the previous year[5]. - The company incurred a total comprehensive loss of HKD (7,862,000) for the six months ended September 30, 2025, compared to a loss of HKD (1,397,000) in the previous period[7]. - The company reported a loss attributable to shareholders of HKD 8,318,000 for the six months ended September 30, 2025, compared to a loss of HKD 1,397,000 for the same period in 2024, indicating a significant increase in losses[19]. - The basic and diluted loss per share for the six months ended September 30, 2025, was HKD 1.1, compared to HKD 0.3 for the same period in 2024, reflecting a worsening financial performance[19]. - The gross loss for the six months ended September 30, 2025, was approximately HKD 14.1 million, compared to a gross profit of approximately HKD 23.4 million for the same period in 2024, resulting in a gross margin decline from approximately 22.1% to a gross loss margin of about 115.9%[47]. Assets and Liabilities - The company's total assets as of September 30, 2025, were HKD 118,468,000, an increase from HKD 115,575,000 as of March 31, 2025[6]. - The company's cash and bank balances decreased to HKD 9,863,000 from HKD 13,597,000 in the previous period[6]. - The company's equity total increased to HKD 118,119,000 from HKD 115,526,000[6]. - Non-current assets totaled HKD 29,871,000, up from HKD 27,605,000[6]. - The company had total liabilities of approximately HKD 0.2 million, a decrease from approximately HKD 1.3 million as of March 31, 2025[51]. - The group's debt-to-equity ratio as of September 30, 2025, was approximately 0.2%, down from 1.1% as of March 31, 2025[59]. Cash Flow - The net cash outflow from operating activities for the six months ended September 30, 2025, was HKD (15,493,000), compared to HKD (6,356,000) in 2024, indicating a worsening cash flow situation[8]. - The company reported a net cash inflow from financing activities of HKD 9,247,000 for the six months ended September 30, 2025, compared to an outflow of HKD (1,503,000) in the previous year[8]. - The company’s cash and cash equivalents decreased by HKD 3,734,000, ending at HKD 9,863,000 as of September 30, 2025, down from HKD 41,512,000 at the beginning of the period[8]. Revenue Sources - The construction contract revenue for the six months ended September 30, 2025, was HKD 10,639,000, a decline of 89.8% from HKD 104,224,000 in 2024[12]. - Revenue for the six months ended September 30, 2025, was approximately HKD 12.2 million, a decrease of about 88.5% from approximately HKD 105.9 million for the same period in 2024, mainly due to a reduction in the number of awarded projects[45]. Operational Changes - The company plans to invest in human resources and information systems to enhance operational capabilities and efficiency in foundation and site leveling works, as well as drilling pile engineering[43]. - The company has entered into a brand collaboration with Hong Kong Wah Wei Da Enterprises Ltd. and Philippine TEADAYE CORP. to expand into the Southeast Asian tea beverage market, with new stores planned to open in July and August 2025[44]. - The company aims to acquire at least 51% equity in four "Tea Da Ye" stores located in Sheung Wan, Tseung Kwan O, Tsim Sha Tsui, and Tsuen Wan, marking a strategic move to enhance market position in the evolving beverage market[44]. - The company plans to maintain prudent financial management in project selection and cost control to improve operational efficiency and profitability[44]. Administrative and Employee Costs - Administrative expenses for the six months ended September 30, 2025, were approximately HKD 9.3 million, a decrease of about 22.0% from approximately HKD 11.9 million for the same period in 2024, primarily due to reductions in employee salaries and legal and professional fees[48]. - The total employee costs for the six months ending September 30, 2025, amounted to approximately HKD 7.2 million, a decrease from HKD 33.5 million for the same period in 2024[69]. Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[18]. - As of September 30, 2025, Ms. Wang Feixiang holds 47,875,000 shares, representing 5.87% of the company's total issued shares[72]. - Tibet Water Resources Co., Ltd. owns 44,000,000 shares, accounting for 5.39% of the company's total issued shares[72]. - No individuals or entities, apart from those disclosed, hold or are deemed to hold any interests or short positions in the company's shares that require disclosure under the Securities and Futures Ordinance as of September 30, 2025[73]. Corporate Governance - The company has adhered to the corporate governance code principles and rules during the reporting year, with a noted deviation regarding the separation of roles between the chairman and the CEO[80]. - The company is currently seeking a suitable candidate to fill the vacant chairman position following the resignation of Mr. Tang Guiliang on December 29, 2023[81]. - The audit committee was established on September 22, 2017, chaired by Mr. He Dingding, with members Ms. Chen Zixin and Mr. Wu Jianlong, all independent non-executive directors[82]. - The audit committee reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2025, and found them compliant with applicable accounting standards and GEM listing rules[83].

Revenue and Profitability - Total revenue increased by approximately 6.7% from about HKD 24.0 million for the six months ended September 30, 2024, to about HKD 25.6 million for the six months ended September 30, 2025[4] - Revenue from financial advisory and independent financial advisory services amounted to approximately HKD 10.3 million and HKD 8.2 million respectively, together accounting for about 72.3% of total revenue[4] - The group recorded a profit before tax of approximately HKD 0.2 million for the period, a significant improvement from a loss of approximately HKD 11.7 million in the previous year[4] - The corporate finance advisory segment generated revenue of approximately HKD 25.6 million, up from HKD 24.0 million in the previous year, with a profit before tax of approximately HKD 2.4 million compared to a loss of HKD 10.4 million[6] - The group recorded a pre-tax profit of approximately HKD 0.2 million in 2025, a significant improvement from a pre-tax loss of approximately HKD 11.7 million in 2024[19] - The total comprehensive income for the period was HKD 193,000, compared to a loss of HKD 11.7 million in 2024[32] - The company reported a profit of HKD 210,000 for the six months ended September 30, 2025, compared to a loss of HKD 11,698,000 in the previous period[36] - Total comprehensive income for the period was HKD 212,000, a significant recovery from a loss of HKD 11,695,000 in the prior period[36] Asset and Liability Management - The net asset value decreased from approximately HKD 62.5 million as of March 31, 2025, to about HKD 60.2 million as of September 30, 2025, primarily due to the approval of a final dividend of approximately HKD 2.9 million[4] - As of September 30, 2025, total non-current assets decreased to HKD 13,841,000 from HKD 16,028,000 as of March 31, 2025, representing a decline of approximately 13.6%[34] - Current assets decreased slightly to HKD 64,160,000 from HKD 65,067,000, a reduction of about 1.4%[34] - Total liabilities decreased from HKD 9,997,000 to HKD 7,957,000, reflecting a decrease of approximately 20.5% in non-current liabilities[35] - The company's net asset value as of September 30, 2025, was HKD 60,155,000, down from HKD 62,537,000, indicating a decline of about 3.8%[35] - The total equity attributable to owners decreased to HKD 60,118,000 from HKD 62,481,000, a decline of approximately 3.8%[35] - The group maintained a cash and cash equivalents balance of approximately HKD 36.8 million as of September 30, 2025, with no bank financing or borrowings[20] - The company's cash and cash equivalents stood at HKD 50,779,000, slightly down from HKD 51,624,000, indicating a decrease of about 1.6%[34] Expenses and Cost Management - Employee benefit costs decreased by approximately 28.1% from about HKD 26.3 million in 2024 to about HKD 18.9 million in 2025[13] - Depreciation and other operating expenses decreased by approximately 13.9% from about HKD 7.9 million in 2024 to about HKD 6.8 million in 2025[18] - The group incurred total employee benefits costs of HKD 18,945,000 in 2025, down from HKD 26,256,000 in 2024, indicating a reduction of 27.7%[50] - Depreciation of property and equipment was HKD 246,000 for the six months ended September 30, 2025, compared to HKD 301,000 in 2024, a decrease of 18.3%[50] Investment and Income - Investment income decreased primarily due to a decline in interest income from bank deposits, aligning with current interest rate trends[9] - Other income and net gains decreased mainly due to foreign exchange losses from bank deposits denominated in currencies other than HKD[10] - Investment income decreased to HKD 679,000 in 2025 from HKD 937,000 in 2024, reflecting a decline of 27.5%[49] Dividend and Shareholder Returns - The board does not recommend any dividend payment for the period, consistent with the previous year[4] - The company declared dividends amounting to HKD 2,934,000 during the period, reflecting a commitment to returning value to shareholders[36] - The final dividend for the year ending March 31, 2025, is set at HKD 0.02 per share, totaling approximately HKD 2,934,000, down from HKD 3,679,000 in 2024[56] - No interim dividend was recommended for the period[57] Share Options and Employee Incentives - The 2023 Share Option Scheme aims to reward and retain top talent within the group, providing additional incentives to qualified employees to enhance the company's value for shareholders[72] - A total of 11,700,000 share options were granted under the 2023 Share Option Scheme on December 18, 2023, with an exercise price of HKD 0.72 per share[77] - The exercise period for the 2023 share options is set for five years, starting from December 18, 2023, and options cannot be exercised within the first 12 months[78] - The maximum number of options granted to any participant in a 12-month period cannot exceed 1% of the issued shares, with a reduced limit of 0.1% for major shareholders and their associates[74] - The total number of options available for exercise as of September 30, 2025, is 9,348,500 after accounting for cancellations[79] - The vesting schedule for the options includes three tranches, with the first 33% vesting from December 18, 2023, to December 17, 2024[78] - The exercise price is determined by the board and must be at least the higher of the closing price on the grant date or the average closing price over the preceding five trading days[75] - The 2023 Share Option Scheme will remain effective for a period of 10 years, expiring on September 14, 2033[76] - The scheme is designed to align the interests of employees with those of shareholders, promoting overall business success[72] - The options granted do not have performance targets or clawback mechanisms attached[77] - The total number of shares available for issuance under the 2023 share option plan is 14,319,029 shares, representing approximately 9.8% of the issued shares as of the announcement date[80] - No share options were granted under the 2023 share option plan during the period[80] - The number of share options available for grant under the 2023 share option plan as of April 1, 2025, September 30, 2025, and the announcement date are 4,670,529, 4,970,529, and 5,320,529 shares, representing approximately 3.2%, 3.4%, and 3.6% of the issued shares respectively[80] Audit and Compliance - The audit committee consists of three independent non-executive directors, with Mr. Zheng Yuhua serving as the chairman[82] - The external auditor, Guo Fu Hao Hua, did not find any issues that would lead them to believe the unaudited condensed consolidated financial statements were not prepared in accordance with the relevant accounting standards[83] - The interim report for the six months ending September 30, 2025, will be sent to shareholders and published on the company's website[84]

Financial Performance - The company reported revenue of HKD 12,208,000 for the six months ending September 30, 2025, a decrease of 88.5% compared to HKD 105,944,000 in the same period of 2024[9] - The cost of sales was HKD 26,353,000, leading to a gross loss of HKD 14,145,000, compared to a gross profit of HKD 23,370,000 in the previous year[9] - Operating loss for the period was HKD 8,031,000, a significant decline from an operating profit of HKD 1,504,000 in the prior year[9] - The company recorded a net loss attributable to owners of HKD 8,319,000, compared to a loss of HKD 1,397,000 in the same period last year[9] - Basic and diluted loss per share was HKD 1.1, compared to HKD 0.3 in the previous year[9] - Other income and losses amounted to a loss of HKD 4,739,000, contrasting with a gain of HKD 752,000 in the previous year[9] - The company reported a total comprehensive loss of HKD 7,862 thousand for the six months ended September 30, 2025, compared to a loss of HKD 1,397 thousand in the previous period[11] Revenue Breakdown - Customer contract revenue for the six months ended September 30, 2025, was approximately HKD 12,208,000, a decrease of 88.5% compared to HKD 105,944,000 for the same period in 2024[16] - The construction contract revenue for the six months ended September 30, 2025, was HKD 10,639,000, down 89.8% from HKD 104,224,000 in 2024[16] - Major customers contributing over 10% of total revenue included Customer 1 with HKD 7,488,000 and Customer 2 with HKD 3,136,000 for the six months ended September 30, 2025[20] Expenses and Cost Management - Administrative expenses were HKD 9,316,000, down from HKD 11,934,000 in the same period last year, indicating a reduction in operational costs[9] - The company's cost of sales for the same period was approximately HKD 26.4 million, down about 68.1% from HKD 82.6 million in the previous year, attributed to a decrease in construction project numbers[50] - The total employee costs for the six months ended September 30, 2025, amounted to approximately HKD 7.2 million, compared to HKD 33.5 million for the same period in 2024[73] Asset and Liability Management - Total assets increased to HKD 135,155 thousand as of September 30, 2025, compared to HKD 127,132 thousand as of March 31, 2025, reflecting a growth of approximately 6.4%[10] - Non-current assets rose to HKD 29,871 thousand from HKD 27,605 thousand, an increase of about 8.2%[10] - Current assets decreased to HKD 105,284 thousand from HKD 109,527 thousand, a decline of approximately 3.5%[10] - The total liabilities decreased to HKD 349 thousand from HKD 49 thousand, indicating a reduction in non-current liabilities[10] - The company's equity increased to HKD 118,119 thousand as of September 30, 2025, up from HKD 115,526 thousand, representing a growth of approximately 2.2%[11] Cash Flow and Financing - The company reported a net cash outflow from operating activities of HKD 15,493 thousand for the six months ended September 30, 2025, compared to HKD 6,356 thousand for the same period in 2024[12] - Financing activities generated a net cash inflow of HKD 9,247 thousand, a significant improvement from a net cash outflow of HKD 1,503 thousand in the previous year[12] - The company reported a financing cost of HKD 131,000, a decrease from HKD 244,000 in the previous year[20] Strategic Initiatives - The company plans to continue focusing on market expansion and new product development strategies to improve future performance[9] - The company plans to invest in human resources and information systems to enhance operational capabilities and efficiency in foundation and site leveling works, as well as drilling pile engineering[47] - The company has entered into a brand collaboration with Hong Kong Wah Wei Da Enterprises Ltd. and Philippine TEADAYE CORP. to expand into the Southeast Asian tea beverage market, with new stores planned to open in 2025[48] - The company signed a purchase agreement to acquire at least 51% of the equity of four "Tea Da Ye" stores located in Sheung Wan, Tseung Kwan O, Tsim Sha Tsui, and Tsuen Wan, marking a strategic move to enhance market position in the evolving beverage market[48] Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[22] - The average number of ordinary shares used for calculating basic and diluted loss per share increased to 753,561,000 shares in 2025 from 480,003,000 shares in 2024[23] - As of September 30, 2025, the company had issued 815,988,068 shares with a par value of HKD 0.01 each, and the total issued share capital amounted to HKD 8,160,000[54] Governance and Compliance - The company has adhered to all applicable provisions of the corporate governance code during the reporting year, with a noted deviation from the code regarding the separation of roles between the chairman and CEO[84] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2025, and found them compliant with applicable accounting standards and GEM listing rules[87] - The interim results announcement and report for the six months ending September 30, 2025, will be published on the Hong Kong Stock Exchange and the company's website[88]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 49,345,000, representing a 12.5% increase from HKD 44,026,000 in the same period of 2024[5] - Gross profit for the same period was HKD 849,000, up from HKD 582,000, indicating a gross margin improvement[5] - The company reported a loss before tax of HKD 1,962,000 for the six months ended September 30, 2025, compared to a profit of HKD 3,779,000 in the prior year[5] - Total comprehensive loss attributable to owners for the period was HKD 1,962,000, compared to a comprehensive income of HKD 3,779,000 in the previous year[5] - Basic and diluted loss per share for the period was HKD (0.25), down from earnings of HKD 0.48 per share in the same period last year[5] - The group reported a loss attributable to owners of approximately HKD 1,962,000, compared to a profit of HKD 3,779,000 in 2024[36] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 104,776,000, an increase from HKD 96,064,000 as of March 31, 2025[6] - Current liabilities increased to HKD 18,238,000 from HKD 8,258,000, indicating a significant rise in short-term obligations[6] - The company’s cash and cash equivalents decreased to HKD 51,867,000 from HKD 61,950,000, indicating a reduction in liquidity[6] - Trade receivables from customer contracts increased significantly to HKD 15,731,000 as of September 30, 2025, up from HKD 4,683,000 as of March 31, 2025[22] - Trade payables rose to HKD 15,510,000 as of September 30, 2025, compared to HKD 4,617,000 as of March 31, 2025[24] - Total assets as of September 30, 2025, were approximately HKD 105,512,000, up from HKD 97,494,000 on March 31, 2025[37] - The current ratio was 5.74:1 as of September 30, 2025, indicating a healthy liquidity position[37] - The group has no bank or other borrowings as of September 30, 2025, resulting in a reported debt ratio of zero[37] Income and Expenses - Other income and gains for the period totaled HKD 3,510,000, down from HKD 8,577,000 in the prior year, reflecting a decrease in financial asset fair value changes[15] - Administrative and operating expenses rose by approximately 17.37% to HKD 6,222,000, primarily due to increased hiring for business expansion[36] Dividends and Shareholder Returns - The company did not declare or propose any dividends for the six months ended September 30, 2025, consistent with the previous year[19] - The board does not recommend any interim dividend for the six months ended September 30, 2025, consistent with the previous period[53] Market Conditions and Business Strategy - The company is facing challenges due to geopolitical tensions and economic uncertainties, impacting consumer confidence and spending, particularly in the non-essential fashion sector[28] - The company has established a new supplier selection program to promote sustainable business growth by choosing reputable and financially stable suppliers[29] - The financial services segment, initiated in 2018, aims to diversify revenue sources and enhance the company's financial product offerings in the Hong Kong and China markets[30] - The group is adopting a light asset business model to enhance operational resilience and reduce inventory pressure in an uncertain market environment[35] Lending and Credit Risk Management - The lending business, operated by a wholly-owned subsidiary, has not recorded any borrower defaults or write-offs during the reporting periods[31] - The company has adopted a credit risk assessment policy for its lending business, requiring detailed financial information from potential borrowers, including income sources and outstanding mortgage details[40] - The company uses a Debt-to-Income (DTI) ratio as a decision-making tool, rejecting applications with a DTI exceeding 80% unless approved by the board, and ensuring DTI does not exceed 90%[42][43] - The company actively conducts post-loan management to monitor repayment status and reviews loan credit limits quarterly, reporting any overdue loans to the credit committee[44] Corporate Governance - The company has complied with all corporate governance code provisions during the reporting period, with some deviations noted regarding the separation of roles between the chairman and CEO[56][57] - The audit committee consists of three independent non-executive directors, with specific responsibilities outlined in their written terms of reference[58] - The nomination committee is also composed of three independent non-executive directors, with defined duties available for review on the stock exchange and the company's website[59] - The remuneration committee is formed by three independent non-executive directors, with responsibilities clearly defined in their written terms of reference[60] - The company has established a code of conduct for directors regarding securities trading, which complies with the standards set forth in the Listing Rules[61] - The group operates primarily through subsidiaries in Hong Kong, the United States, and China, and has not violated any applicable laws or regulations during the reporting period[62] Management and Board - The board expresses gratitude to the management and employees for their dedication and hard work during the reporting period[63] - The board of directors includes executive directors and independent non-executive directors, ensuring a diverse governance structure[64] Capital Expenditures - As of September 30, 2025, the company has no significant capital expenditures or major capital commitments[49] - The company has entered into a temporary agreement to acquire property in Hong Kong for a total cash consideration of HKD 47,532,000, expected to be completed by January 30, 2026[52] - There were no purchases, redemptions, or sales of the company's listed securities during the reporting period[55] - The company has no effective share option plan as of September 30, 2025, due to the expiration of the previous plan[54]

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 香港交易及結算所有限公司及香港聯合交易所有限公 司對本公佈的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不對因本公佈全部 或任何部份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。 UPBEST GROUP LIMITED 美建集團有限公司* (Inco ...

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。 LANDRICH HOLDING LIMITED 譽燊豐控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：2132） 截至二零二五年九月三十日止六個月之 中期業績公告 業績 譽燊豐控股有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附 屬公司（統稱為「本集團」）截至二零二五年九月三十日止六個月之未經審核中期 業績，連同去年同期之比較數字如下： 未經審核簡明綜合損益及其他全面收益表 截至二零二五年九月三十日止六個月 | | | 截至九月三十日止六個月 | | | --- | --- | --- | --- | | | 附註 | 二零二五年 | 二零二四年 | | | | 千港元 | 千港元 | | | | （未經審核） | （未經審核） | | 收益 | 3 | 454,189 | 644,489 | | 直接成本 | | (427,496) | (632,89 ...

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份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 廣駿集團控股有限公司 GRAND TALENTS GROUP HOLDINGS LIMITED （於開曼群島註冊成立的有限公司） （股份代號：8516） 截至2025年9月30日止六個月之中期業績公告 廣駿集團控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事會（「董 事」）茲公佈本集團截至2025年9月30日止六個月的未經審核財務業績。 本公告載有本公司2025年中期報告（「2025年中期報告」）全文，並符合聯交所 GEM證 券 上 市 規 則（分 別 指「GEM」及「GEM上市規則」）有 關 中 期 業 績 初 步 公 告附載資料的相關規定。2025年中期報告的印刷本載有GEM上市規則規定的 資料，將適時按GEM上市規則的規定寄發予本公司股東，並將於香港聯合 交易所有限公司網站 www.hkexnews.hk 「最 新 上 市 公 司 公 告」網 頁 及 本 公 司 網 站 www.gra ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 239,052,000, a decrease of 14.7% compared to HKD 280,177,000 for the same period in 2024[3] - Net profit for the period was HKD 1,522,000, down 94.0% from HKD 25,363,000 in the previous year[3] - Basic and diluted earnings per share decreased to HKD 0.05 from HKD 1.05 year-on-year[4] - Total comprehensive income for the period was HKD 22,842,000, a decline of 51.4% compared to HKD 47,012,000 in 2024[4] - The company reported a profit of HKD 1,283,000 for the six months ended September 30, 2025, compared to HKD 25,098,000 for the same period in 2024[7] - The group reported a pre-tax profit of HKD 1,348,000 for the six months ended September 30, 2025, a significant decrease from HKD 30,241,000 in the same period of 2024[17] - The net loss attributable to the company's owners for the reporting period was approximately HKD 1,283,000, down from a profit of approximately HKD 25,098,000 in the same period last year[45] Revenue Breakdown - Publishing and advertising revenue amounted to HKD 192,824,000, down from HKD 202,260,000, reflecting a decline of 4.2%[15] - Internet subscription and advertising revenue decreased to HKD 37,267,000 from HKD 43,685,000, a drop of 14.7%[15] - The publishing segment generated revenue of HKD 230,091,000, down from HKD 245,945,000 in the previous year, representing a decline of 6.4%[17] - Overall revenue for Oriental Daily was approximately HKD 192,824,000, a decrease of about HKD 9,436,000 or 5% compared to the same period last year[52] - Digital media business revenue was approximately HKD 37,267,000, down by about HKD 6,418,000 or 15% year-on-year[52] Assets and Liabilities - Non-current assets totaled HKD 696,375,000, slightly down from HKD 699,535,000 as of March 31, 2025[5] - Current assets increased to HKD 1,119,219,000 from HKD 1,109,557,000[5] - Total liabilities decreased to HKD 79,571,000 from HKD 79,458,000[6] - The company's equity attributable to owners was HKD 1,644,543,000, down from HKD 1,646,645,000[6] - The total assets of the group as of September 30, 2025, amounted to HKD 1,815,594,000, compared to HKD 1,809,092,000 as of March 31, 2025[18] - The group’s total liabilities increased to HKD 157,051,000 as of September 30, 2025, compared to HKD 149,412,000 as of March 31, 2025[18] Investment Properties - The company reported a fair value loss on investment properties of HKD 7,900,000, compared to HKD 10,355,000 in the previous year[3] - The net fair value loss on investment properties for the period was approximately HKD 7,900,000, compared to HKD 10,355,000 for the six months ended September 30, 2024[14] - The fair value of investment properties increased to HKD 348,160,000 as of September 30, 2025, from HKD 344,698,000 as of March 31, 2025[29] - The company’s investment properties located in Australia were valued at HKD 216,260,000 as of September 30, 2025, compared to HKD 204,898,000 as of March 31, 2025[31] Dividends and Retained Earnings - The company paid a special dividend of HKD 143,876,000 during the period, impacting retained earnings[7] - The company declared a final dividend of HKD 0.01 per share, totaling approximately HKD 23,979,000, compared to HKD 143,876,000 for the previous period[26] Credit and Loans - The loan business reported a loss of HKD 5,574,000 for the six months ended September 30, 2025, compared to a profit of HKD 25,336,000 in the same period of 2024[17] - Total loan interest income was approximately HKD 786,000, a decrease of about HKD 24,924,000 or 97% year-on-year[53] - The total amount of receivable loans was approximately HKD 468,331,000, a decrease of about HKD 289,000 or 0.1% compared to March 31, 2025[53] - The company has recognized a credit loss provision of approximately HKD 6,144,000 for expected credit losses on receivable loans and interest[54] - The expected credit loss provision for receivables and interest was approximately HKD 6,144,000 during the reporting period[45] Corporate Strategy and Changes - The company plans to focus resources on its core media business to strengthen its market leadership amid a challenging local economic environment[56] - The company intends to change its name to "Oriental Media Group Limited" to better reflect its business focus and enhance corporate image[56] - The board proposed to change the company's name from "Oriental Enterprise Holdings Limited" to "Oriental Media Group Limited" to better reflect the business composition[65] - The name change requires approval from shareholders at a special general meeting and a certificate from the Hong Kong Companies Registry[66] Employment and Workforce - The company employed 734 employees as of September 30, 2025, down from 779 employees as of March 31, 2025[58] Miscellaneous - The interim report will be published on the company's website and the Hong Kong Stock Exchange website, containing all information required by the listing rules[67]