購股權計劃 – 1 – 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，並明確表示概不就因本公告全部或 任何部份內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 NOIZ GROUP LIMITED 聲 揚 集 團 有 限 公 司 （於開曼群島註冊成立之有限公司） （股份代號：8163） 有關截至2024年12月31日止年度之年報之補充公告 茲提述聲揚集團有限公司（「本公司」）連同其附屬公司（統稱「本集團」）於2025年 4月29日刊發的截至2024年12月31日止年度的年報（「 2024年年報」）。除另有界定 外，本公告所用詞彙與2024年年報所界定者具有相同涵義。 除於2024年年報第31頁董事會報告中為「購股權計劃」一節所披露之資料外，本公 司謹向本公司股東及潛在投資者提供下列補充資料。 主席兼行政總裁 王顯碩 香港，2025年11月21日 於本公告日期，執行董事為王顯碩先生（主席兼行政總裁）；而獨立非執行董事為 吳嘉善女士、黃永傑先生及楊慕嫦女士。 本公告的資料乃遵照香港聯合交易所有限公司GEM證券上市規則而刊載，旨在 提供有關本公 ...

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 78,701,000, a decrease of 11.1% from HKD 88,524,000 in the same period of 2024[3] - Gross profit for the same period was HKD 46,029,000, down 15.7% from HKD 54,580,000 year-on-year[3] - The company recorded a net loss of HKD 1,597,000, an improvement from a loss of HKD 2,614,000 in the previous year, representing a 38.7% reduction in losses[4] - Basic and diluted loss per share was HKD 0.006, compared to HKD 0.013 in the prior year[3] - Total comprehensive income for the period was HKD 3,160,000, down from HKD 4,094,000 in the same period last year[4] - The group incurred a pre-tax loss of HKD 1,605,000 for the six months ended September 30, 2025, compared to a loss of HKD 2,534,000 in the same period of 2024[14] - The group’s interest income from financial assets at amortized cost was HKD 680,000 for the six months ended September 30, 2025, down from HKD 1,507,000 in 2024, a decrease of approximately 55%[14] - The group’s depreciation expense for the six months ended September 30, 2025, was HKD 14,112,000, compared to HKD 17,673,000 in the same period of 2024, indicating a reduction of about 20%[14] - The group's revenue decreased by 11.1% to HKD 78,701,000 compared to HKD 88,524,000 in the previous year, primarily due to the contraction of the Hong Kong apparel retail market[31] Assets and Liabilities - Non-current assets increased to HKD 348,242,000 as of September 30, 2025, from HKD 343,627,000 at the end of the previous fiscal year[5] - Current assets totaled HKD 163,605,000, slightly up from HKD 162,149,000 at the end of March 2025[5] - The company reported a net asset value of HKD 405,071,000, down from HKD 418,497,000 at the end of the previous fiscal year[5] - The group reported a total asset value of HKD 786,690,000 as of September 30, 2025, slightly down from HKD 789,042,000 as of March 31, 2025[13] - The group’s total liabilities amounted to HKD 459,805,000 as of September 30, 2025, compared to HKD 464,524,000 as of March 31, 2025, showing a decrease of about 1.5%[13] - The net asset value of the group as of September 30, 2025, was HKD 405,071,000, down from HKD 418,497,000 as of March 31, 2025[35] - The group's capital-to-debt ratio as of September 30, 2025, was 0.106, slightly down from 0.108 as of March 31, 2025[35] Segment Performance - For the six months ended September 30, 2025, the reported segment profit was HKD 13,277,000, a decrease from HKD 14,842,000 in the same period of 2024, representing a decline of approximately 10.6%[14] - The total reported segment revenue for the six months ended September 30, 2025, was HKD 79,917,000, down from HKD 89,746,000 in 2024, indicating a decrease of about 11%[13] - The sales revenue from the ready-made clothing segment for the twelve months ended September 30, 2025, was HKD 110,519,000, compared to HKD 161,679,000 for the same period in 2024, reflecting a decline of approximately 31.6%[15] - The average sales in the ready-made clothing segment are expected to perform better in the second half of the year due to increased product demand during the holiday season[15] Cash Flow and Investments - The company’s cash and cash equivalents increased to HKD 99,176,000 from HKD 93,673,000 in the previous period[5] - The group’s cash and bank deposits as of September 30, 2025, amounted to HKD 99,176,000, up from HKD 93,673,000 as of March 31, 2025[34] - The group invested approximately HKD 206,000 in the acquisition and replacement of property, plant, and equipment during the period, compared to HKD 16,000 in the previous year[35] Corporate Governance and Compliance - The company has not adopted any new standards or interpretations that have not yet come into effect during the current accounting period[10] - The group did not declare or pay an interim dividend for the six-month period ended September 30, 2025, compared to no dividend declared in the same period of 2024[22] - The company has adhered to the corporate governance code as per the listing rules during the period ending September 30, 2025[38] - The audit committee, consisting of three independent non-executive directors, has reviewed the accounting principles and practices adopted by the group[40] - There were no purchases, sales, or redemptions of the company's listed securities by the company or any of its subsidiaries during the period ending September 30, 2025[41] - The interim report for the period ending September 30, 2025, will be sent to shareholders and published on the company's website[42] Strategic Outlook - The group operates a distribution network of 34 sales points, with 29 in Hong Kong and 5 in Macau, and will approach store network expansion cautiously[31] - The group has a strategy to manage foreign exchange risks primarily arising from revenues and expenses denominated in USD, EUR, GBP, and RMB[36] - The group proposed a capital reduction of HKD 363,909,000, reducing the capital account from HKD 383,909,000 to HKD 20,000,000, pending certain conditions[28] - As of September 30, 2025, the total number of employees in the group is approximately 190[37]

SANBASE CORPORATION LIMITED 莊 皇 集 團 公 司 （於開曼群島註冊成立的有限公司） （股份代號：8501） 截至2025年9月30日止6個月之中期業績公告 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM 的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在主板 上市的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險， 並應經過審慎周詳的考慮後方可作出投資決定。 由於GEM 上市公司普遍為中小型公司，在GEM 買賣的證券可能會較於主板買賣 之證券承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量 的市場。 香港交易及結算所有限公司及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，並明確表示概不就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之任何損失承擔任何責任。 本公告乃遵照聯交所GEM 證券上市規則（「GEM 上市規則」）而刊載，旨在提供有 關莊皇集團公司（「本公司」）的資料，本公司的董事（「董事」）願就此共同及個別 地承擔全部責任。各董事在作出一切合理查詢後，確認就彼等所知及所信，本公告 所載 ...

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，並明確表示概不就因本公佈全部或任何 部分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。 STYLAND HOLDINGS LIMITED 大凌集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：211） 截至二零二五年九月三十日止六個月之 業績公佈 大凌集團有限公司（「本公司」）董事會（「董事」或「董事會」）欣然宣佈，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（「回顧期間」）之 未經審核綜合業績，連同比較數字載列如下： 簡明綜合損益及其他全面收益表 截至九月三十日止六個月 | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | | （未經審核） | （未經審核） | | | 附註 | 千港元 | 千港元 | | 營業額 | 3 | 32,771 | 20,366 | | 收入 | 3 | 27,047 | 12,774 | | 經紀服務成本 | | (2,174) | (1,011) | | 其他收入 | ...

Financial Performance - For the six months ending September 30, 2025, the company reported revenue of HKD 166,550,000, a decrease from HKD 236,532,000 in the same period last year, representing a decline of approximately 29.5%[4] - The cost of sales for the period was HKD 106,144,000, down from HKD 153,633,000, indicating a reduction of about 30.9%[4] - Gross profit for the period was HKD 60,406,000, compared to HKD 82,899,000, reflecting a decrease of approximately 27%[4] - Other income decreased to HKD 41,000 from HKD 283,000, a decline of about 85.5%[4] - The company reported a net loss attributable to shareholders of HKD 3,233,000, compared to a profit of HKD 8,886,000 in the previous year, marking a significant shift in performance[4] - Basic and diluted loss per share was HKD 0.45, compared to earnings of HKD 1.24 per share in the same period last year[6] - The overall comprehensive loss for the period was HKD 3,351,000, compared to a comprehensive income of HKD 8,785,000 in the same period last year[6] - The group reported an operating loss of HKD 2.4 million compared to an operating profit of HKD 13.7 million in the same period last year, a decrease of 117.7%[54] - After-tax loss was approximately HKD 3.2 million compared to an after-tax profit of HKD 8.9 million in the same period last year, a decrease of 136.4%[54] Assets and Liabilities - Total assets increased to HKD 609.734 billion, up from HKD 605.782 billion year-over-year[7] - Cash and cash equivalents rose to HKD 110.956 billion, compared to HKD 96.444 billion in the previous year[7] - Total equity decreased slightly to HKD 462.572 billion from HKD 465.923 billion year-over-year[7] - Non-current assets, including property, plant, and equipment, amounted to HKD 232.289 billion, down from HKD 237.968 billion[7] - Current liabilities increased to HKD 87.157 billion from HKD 80.151 billion year-over-year[7] - The company reported a total of HKD 254.200 billion in current assets, compared to HKD 273.591 billion in the previous year[7] - The company’s total liabilities increased to HKD 147.162 billion from HKD 139.859 billion year-over-year[7] - Total liabilities increased to HKD 147,162,000 from HKD 139,859,000, representing a growth of approximately 5.5%[8] - The company reported a decrease in expected credit loss provisions for accounts receivable and contract assets, with provisions of HKD 2,123,000 as of September 30, 2025, compared to HKD 2,111,000 as of March 31, 2025[36] Revenue Breakdown - Merchandise sales accounted for HKD 159,480,000, down from HKD 212,693,000, representing a decline of 25% year-over-year[19] - Contract revenue for the six months was HKD 7,070,000, down from HKD 23,839,000, reflecting a decline of 70.3%[19] - Revenue from the Building Materials and Sanitary Equipment segment decreased by 15.6% to HKD 140.4 million compared to HKD 166.4 million in the same period last year[51] - Revenue from the Kitchen Equipment and Furniture segment decreased by 62.7% to HKD 26.2 million compared to HKD 70.2 million in the same period last year[52] - Overall revenue decreased by 29.6% to HKD 166.6 million compared to HKD 236.5 million in the same period last year, with gross profit down 27.1% to HKD 60.4 million[52] Expenses and Costs - The company incurred administrative expenses of HKD 31,980,000, slightly up from HKD 30,642,000, an increase of about 4.4%[4] - Total direct costs, including sales costs, amounted to HKD 102,493,000, a decrease from HKD 142,576,000 in the previous year[30] - Other direct costs, including sales costs, were reported at HKD 3,651,000, down from HKD 10,929,000 in the previous year[30] - The company reported a decrease in transportation costs to HKD 1,919,000 from HKD 3,414,000 in the previous year[30] - Financial expenses for the six months ended September 30, 2025, were HKD 1,114,000, down from HKD 2,378,000 in 2024, showing a reduction of approximately 53%[27] Market Conditions - The operating environment in Hong Kong remains challenging due to high interest rates and cautious consumer spending, which may continue to impact demand for construction hardware and related products[59] - Investor sentiment in Hong Kong is improving, particularly in the primary property market driven by inflows from mainland China, while the secondary market continues to show weakness[62] - The ongoing geopolitical risks and changes in China's economic policies are likely to impact the secondary property market, which may affect the company's financial performance[49] - The rental market in Hong Kong is characterized by tenants prioritizing affordability and functionality, often opting for simple, low-cost furniture solutions[47] Corporate Governance and Compliance - The audit committee consists of three independent non-executive directors, ensuring effective oversight of financial reporting and internal controls[75] - The company has adhered to corporate governance codes, with no significant deviations noted during the reporting period[71] - The company emphasizes the importance of quality products and services to enhance brand value and customer relationships[70] - The company has established specific environmental and social policies for communication with suppliers and subcontractors[69] Employee and Operational Insights - As of September 30, 2025, the company recorded a total employee count of 125, down from 127 on March 31, 2025[68] - Total employee costs for the period amounted to HKD 31.9 million, compared to HKD 31.6 million for the six months ending September 30, 2024[68] - The company is committed to providing competitive compensation to attract and retain talented employees[68] Strategic Outlook - The company plans to maintain a conservative financial strategy, ensuring healthy liquidity to prepare for a gradual rebound in demand[64] - The group will continue to collaborate with developers to provide quality equipment in sales packages and enhance design and installation techniques[65] - The company believes it can withstand short-term market fluctuations due to its expertise in building materials and kitchen equipment, along with rigorous financial management[64]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 85,593,000, representing an increase of 13.3% compared to HKD 75,301,000 for the same period in 2024[4] - Gross profit for the same period was HKD 15,089,000, up from HKD 13,511,000, indicating a growth of 11.7%[4] - The operating loss decreased to HKD 5,437,000 from HKD 7,751,000, showing an improvement of 30%[4] - The net loss attributable to equity holders for the period was HKD 53,314,000, compared to HKD 31,773,000 in the previous year, reflecting a significant increase in losses[4] - Basic and diluted loss per share was HKD 0.26, compared to HKD 0.15 for the same period last year[4] - The group reported a loss before tax of HKD 53,688,000 for the six months ended September 30, 2025, compared to a loss of HKD 32,180,000 in the same period of 2024[14] - The company reported a total comprehensive loss of HKD 42,730,000 for the period, compared to HKD 14,145,000 in the previous year[5] - The company recorded a gross profit of HKD 15,089,000, up 12% from HKD 13,511,000 year-on-year, maintaining a gross margin of 18%[32] - Operating loss improved by 30% to HKD 5,437,000 from HKD 7,751,000 in the previous year, with an operating margin of -6% compared to -10%[32] Assets and Liabilities - Total assets decreased to HKD 924,167,000 from HKD 974,508,000, a decline of 5.2%[6] - The group’s total assets as of September 30, 2025, were HKD 1,011,596,000, a decrease from HKD 1,049,570,000 as of March 31, 2025[13] - Current liabilities increased to HKD 63,891,000 from HKD 49,767,000, representing a rise of 28.4%[6] - Inventory levels rose significantly to HKD 17,582,000 from HKD 8,734,000, an increase of 101.0%[6] - Accounts receivable and other receivables totaled HKD 32,145,000 as of September 30, 2025, an increase from HKD 24,375,000 as of March 31, 2025[27] - The company had no short-term or long-term borrowings as of September 30, 2025[34] Revenue Sources - Revenue from garment manufacturing and sales was HKD 84,064,000, up 15% from HKD 73,088,000 in the previous year[11] - Revenue for the six months ended September 30, 2025, was HKD 85,593,000, an increase of 13.4% compared to HKD 75,301,000 for the same period in 2024[11] - The group’s revenue from external customers in Europe was HKD 59,232,000, a decrease from HKD 66,078,000 in the previous year[16] - Total rental income from investment properties decreased to HKD 1,507,000 from HKD 1,836,000, a decline of 17.9%[11] Investment Properties - The valuation loss on investment properties was HKD 243,000, compared to HKD 8,957,000 in the previous year, indicating a substantial reduction in losses[4] - The group reported a net loss from investment property valuation of HKD 243,000, compared to a loss of HKD 8,957,000 in the previous year[14] - The company recorded a net valuation loss related to investment properties of HKD 243,000 for the period, significantly lower than the valuation loss of HKD 8,957,000 for the same period in 2024[26] Dividends and Shareholder Information - The group did not declare an interim dividend for the six-month period ended September 30, 2025, compared to no dividend declared in the same period of 2024[19] - The company did not declare an interim dividend for the six months ended September 30, 2025, compared to no dividend declared in the same period of 2024[31] - The interim report for the six months ending September 30, 2025, will be sent to shareholders and published on the company's website[42] - The company is committed to transparency and will continue to publish performance announcements on the Hong Kong Stock Exchange website[42] Corporate Governance - The board of directors consists of six executive directors and three independent non-executive directors[43] - The company employed approximately 133 employees as of September 30, 2025, with compensation packages based on performance and market salary levels[37] - The company has adopted a securities trading code for directors that meets or exceeds the standards set out in the Listing Rules Appendix C3[41] - All directors have confirmed compliance with the securities trading code during the review period[41] Financing Costs - The group incurred financing costs of HKD 271,000, down from HKD 345,000 in the previous year[14] - The company’s cash and cash equivalents as of September 30, 2025, were approximately HKD 318,924,000, down from HKD 332,136,000 as of March 31, 2025[34]

2025 中期業績報告 INTERIM REPORT 2025 中期業績報告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM的定位，乃為中小型公司提供一個上市的市場，該等公司相比起其他在聯交所上市的公司帶有較高投資風險。有意投資 者應了解投資於該等公司的潛在風險，並應經過審慎周詳的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，故在GEM買賣的證券可能會較於聯交所主板買賣之證券承受較高的市場波動風險，同 時無法保證在GEM買賣的證券將會有高流通量的市場。 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報告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並 明確表示概不就因本報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。 本報告乃遵照聯交所GEM證券上市規則（「GEM上市規則」）之規定而提供有關熒德控股有限公司（「本公司」，連同其附屬公司為 「本集團」）之資料，董事（「董事」）願共同及個別對此負全責。董事經作出一切合理查詢後，確認就彼等所深知及確信，本報告 所載資料在所有重大方面均屬準確及完備，並無誤導或欺詐成份，且本報告並無遺漏任何其他事項致使本報告 ...

Financial Performance - The group reported a net loss of approximately HKD 2.0 million for the six months ended September 30, 2025, compared to a net loss of HKD 7.5 million for the same period in 2024, representing a 73.33% improvement[3]. - Basic loss per share for the six months ended September 30, 2025, was HKD 0.36, a decrease from HKD 1.35 for the same period in 2024, indicating a 73.33% reduction in loss per share[3]. - Total revenue for the six months ended September 30, 2025, was HKD 25.023 million, down from HKD 36.237 million in the previous year, reflecting a decline of 30.93%[3]. - The group incurred a gross loss of HKD 2.413 million for the six months ended September 30, 2025, compared to a gross profit of HKD 2.175 million in the same period of 2024[3]. - The company reported a net cash outflow from operating activities of HKD (9,959,000) for the six months ended September 30, 2025, compared to HKD (8,860,000) in the same period of 2024[8]. - The company reported a total loss attributable to owners of approximately HKD 7.5 million for the six months ended September 30, 2024, and a projected loss of about HKD 2.0 million for the six months ending September 30, 2025[35]. Assets and Liabilities - The total assets as of September 30, 2025, were HKD 116.967 million, slightly up from HKD 116.931 million as of March 31, 2025[4]. - The net asset value decreased to HKD 107.617 million as of September 30, 2025, from HKD 109.614 million as of March 31, 2025[5]. - The total liabilities as of September 30, 2025, were HKD 9.926 million, compared to HKD 8.009 million as of March 31, 2025, indicating an increase of 23.96%[4]. - The group’s cash and cash equivalents decreased to HKD 1.557 million as of September 30, 2025, from HKD 11.516 million as of March 31, 2025[4]. - As of September 30, 2025, the current ratio was approximately 11.78, down from 14.60 on March 31, 2025, indicating a decrease in liquidity[37]. - The asset-to-liability ratio was approximately 0.47% as of September 30, 2025, down from 1.12% on March 31, 2025, reflecting a stable financial position[37]. Revenue Sources - For the six months ended September 30, 2025, the company's revenue from red wine was HKD 21,833,000, a decrease of 24% compared to HKD 28,710,000 in the same period of 2024[13]. - All revenue for the company is derived from sales and distribution of quality wine and spirits in Hong Kong[14]. - The group's revenue decreased by 31.0% to approximately HKD 25.0 million for the six months ended September 30, 2025, compared to HKD 36.2 million for the same period in 2024[29]. Expenses - The company incurred total employee costs of HKD 2,427,000 for the six months ended September 30, 2025, a decrease from HKD 2,991,000 in the same period of 2024[17]. - Promotional, sales, and distribution expenses decreased by approximately 33.1% to about HKD 2.3 million for the six months ended September 30, 2025, down from HKD 3.4 million for the same period in 2024[31]. - Administrative expenses decreased by approximately 38.5% to about HKD 1.9 million for the six months ended September 30, 2025, compared to HKD 3.1 million for the same period in 2024[31]. - Depreciation of property, plant, and equipment increased by approximately 41.6% to about HKD 194,000 for the six months ended September 30, 2025, from HKD 137,000 for the same period in 2024[32]. - Financing costs increased to approximately HKD 27,000 for the six months ended September 30, 2025, from zero for the same period in 2024[33]. Dividends - The group did not recommend the payment of an interim dividend for the six months ended September 30, 2025[2]. - 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]. - The board of directors did not recommend the payment of an interim dividend for the six months ending September 30, 2025, consistent with the previous period[36]. Inventory and Receivables - The group reported a significant increase in inventory to HKD 59.900 million as of September 30, 2025, compared to HKD 31.467 million as of March 31, 2025, representing an increase of 90.00%[4]. - Trade receivables as of September 30, 2025, totaled HKD 6,192,000, a decrease from HKD 7,939,000 as of March 31, 2025[20]. - Trade payables as of September 30, 2025, amounted to HKD 3,321,000, down from HKD 3,874,000 as of March 31, 2025[21]. Employment and Governance - The company had 15 full-time employees as of September 30, 2025, unchanged from March 31, 2025[40]. - The company has confirmed that all directors have complied with the securities trading standards as of September 30, 2025[50]. - The company has maintained compliance with corporate governance standards, with a noted deviation regarding the separation of roles of the chairman and CEO[51]. - There are no significant contracts in which the company's directors have a substantial interest as of September 30, 2025[48]. Market Conditions and Future Outlook - The retail sales value in Hong Kong increased by 5.9% year-on-year to HKD 31.3 billion for September 2025[26]. - The group aims to enhance sales and expand marketing channels to address challenges in the Hong Kong retail market[27]. - The group remains confident in its position as a major retailer of quality wine in Hong Kong, driven by ongoing demand in the region[28]. - The overall business environment remains unstable and challenging due to various global and local factors[27]. Audit and Compliance - The audit committee is responsible for reviewing the group's financial systems and has not yet reviewed the interim financial information as of September 30, 2025[56]. - The interim results announcement will be published on the company's website and the Hong Kong Stock Exchange website, with the interim report expected to be sent to shareholders around November 28, 2025[57]. Shareholder Information - Major shareholders included Mr. Zhang Jun Tao, holding 298,092,515 shares (53.77%), and Ms. Lian Shu Xuan, holding 1,856,667 shares (0.33%) as of September 30, 2025[42]. - As of September 30, 2025, the company has not granted any stock options under the stock option plan, with a total of 33,260,000 options available for issuance, representing 6.0% of the total issued shares[46]. - The company and its subsidiaries did not purchase, sell, or redeem any of the company's securities during the six months ending September 30, 2025[47]. - There are no significant investments held by the group as of September 30, 2025, and no other major investment or capital asset plans[53]. Risk Management - The group has adopted a prudent treasury policy to mitigate credit risk through continuous credit assessments of customer financial conditions[54]. - The group does not have any significant foreign exchange contracts, interest, currency swaps, or other financial derivatives as of September 30, 2025, and considers foreign exchange risk to be minimal[55]. - The group had no significant lease or capital commitments as of September 30, 2025[38]. - There were no significant contingent liabilities reported as of September 30, 2025[39].

（於開曼群島註冊成立之有限公司） （股份代號：8206） 中 期 業 績 公 佈 截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月 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 其 他 在 聯 交 所 上 市 的 公 司 帶 有 較 高 投 資 風 險 的 中 小 型 公 司 提 供 一 個 上 市 的 市 場。有 意 投 資 人 士 應 瞭 解 投 資 該 等 公 司 的 潛 在 風 險，並 應 經 過 審 慎 周 詳 考 慮 後 方 作 出 投 資 決 定。GEM的 較 高 風 險 及 其 他 特 色 表 示GEM較 適 合 專 業 及 其 他 資 深 投 資 者。 由 於GEM上 市 公 司 普 遍 為 中 小 型 公 司，在GEM買 賣 的 證 券 可 能 會 較 於 主 板 買 賣 的 證 券 容 易 受 到 市 場 波 動 的 影 響。在GEM買 賣 的 證 券 亦 不 保 證 會 有 高 流 通 量 的 市 場。 香 港 交 易 及 結 算 所 有 限 公 司 及 聯 交 所 對 本 公 佈 之 內 容 概 不 ...

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 35,055,000, a decrease of 23.5% compared to HKD 45,799,000 for the same period in 2024[4] - Gross profit for the same period was HKD 21,454,000, down 19.0% from HKD 26,515,000 in 2024[4] - Operating profit decreased to HKD 8,896,000, a decline of 32.3% from HKD 13,165,000 in the previous year[4] - Profit attributable to owners of the company was HKD 7,432,000, down 31.5% from HKD 10,918,000 in 2024[4] - Basic and diluted earnings per share were HKD 0.74, compared to HKD 1.09 for the same period last year, representing a decrease of 32.0%[4] - The group's profit before tax for the six months ended September 30, 2025, was HKD 7,432,000, a decrease of 31.5% compared to HKD 10,918,000 for the same period in 2024[16] - For the six months ending September 30, 2025, the company recorded revenue of approximately HKD 35.1 million, a decrease of about 23.4% from HKD 45.8 million for the same period in 2024[27][34] - The profit attributable to the company's owners for the same period was approximately HKD 7.4 million, down about 31.9% from HKD 10.9 million in 2024[27][38] Assets and Liabilities - The company's non-current assets increased to HKD 19,883,000 as of September 30, 2025, up from HKD 16,892,000 as of March 31, 2025[5] - Current assets rose to HKD 103,180,000, compared to HKD 98,297,000 at the end of March 2025[5] - The net current asset value increased to HKD 88,848,000 from HKD 84,772,000 in the previous period[5] - The company reported a significant increase in trade and other receivables, which rose to HKD 8,986,000 from HKD 5,603,000[5] - The net trade receivables increased to HKD 7,464,000 as of September 30, 2025, compared to HKD 3,244,000 as of March 31, 2025, reflecting a growth of 130.5%[19] - Trade and other payables amounted to HKD 7,747,000 as of September 30, 2025, a slight decrease from HKD 8,008,000 as of March 31, 2025[21] - The total equity attributable to the company's owners increased to approximately HKD 108.3 million as of September 30, 2025, from HKD 100.4 million as of March 31, 2025[44] Expenses - Employee benefits expenses totaled HKD 11,126,000 for the six months ended September 30, 2025, slightly down from HKD 11,260,000 in 2024, representing a decrease of 1.2%[12] - The income tax expense for the six months ended September 30, 2025, was HKD 1,384,000, a reduction of 35.5% from HKD 2,143,000 in 2024[13] - Administrative expenses decreased by approximately 9.7% to HKD 13.1 million from HKD 14.5 million in 2024, mainly due to reduced depreciation expenses[36] - The group’s financing costs related to lease liabilities decreased to HKD 80,000 for the six months ended September 30, 2025, from HKD 104,000 in 2024, a decline of 23.1%[11] Business Operations - The company continues to focus on sales of LED lighting devices and audio-visual systems, as well as providing integrated LED lighting solutions and maintenance services[9] - Revenue from the sale of LED lighting devices decreased by approximately 16.9% to HKD 31.5 million from HKD 37.9 million in the previous year, primarily due to a reduction in project numbers in China[29] - Revenue from LED lighting system consulting and maintenance services increased by approximately 55.5% to HKD 2.8 million from HKD 1.8 million in 2024, driven by increased repair requests from existing customers[31] Capital Expenditures and Investments - The group purchased property, plant, and equipment at a cost of approximately HKD 4.1 million for the six months ended September 30, 2025, down from HKD 7.7 million for the previous year[18] - The group incurred capital expenditures of approximately HKD 4.1 million for property, plant, and equipment during the six months ended September 30, 2025, compared to approximately HKD 7.7 million for the previous fiscal year[51] - The group completed the acquisition of two properties in Osaka, Japan, for a total consideration of JPY 139.5 million (approximately HKD 6.84 million) on February 28, 2025[54] - Another property acquisition in Osaka was completed for JPY 42.3 million (approximately HKD 2.28 million) on July 25, 2025[55] - A third property acquisition in Osaka was finalized for JPY 33 million (approximately HKD 1.75 million) on July 25, 2025[56] - As of September 30, 2025, the group had no significant investments or major acquisitions of subsidiaries or associates during the reporting period[57] Corporate Governance - The board is committed to maintaining high corporate governance standards, with a clear separation of responsibilities between the chairman and CEO[70] - The company has established a code of conduct for directors regarding securities trading, ensuring compliance with GEM listing rules[66] - No directors or major shareholders have any competing business interests as of September 30, 2025[67] - The audit committee has reviewed the unaudited condensed consolidated results for the six months ending September 30, 2025, ensuring compliance with applicable accounting standards[73] Shareholder Information - Garage Investment holds 51.00% of the company's shares, equivalent to 510,000,000 shares[64] - No stock options have been granted or exercised under the stock option plan since its adoption[65] - The company did not issue any equity securities or sell treasury shares for cash during the six months ending September 30, 2025[68] - There were no purchases, sales, or redemptions of the company's listed securities during the same period[69] - The company maintains sufficient public float as of the announcement date[72] Employee Information - The group employed a total of 63 staff members as of September 30, 2025, down from 66 as of March 31, 2025[58] - The group has established a defined contribution plan for eligible employees in Hong Kong and a "five insurances and one fund" retirement plan for employees in China[60] Other Information - The group did not declare or pay any dividends for the six months ended September 30, 2025, consistent with the same period in 2024[17] - The company has no plans to declare an interim dividend for the six months ending September 30, 2025[39] - The group maintained a healthy liquidity position throughout the period by adopting a conservative treasury policy[46] - As of September 30, 2025, the group had no pledged assets, consistent with the previous period[49] - There were no significant events occurring after the reporting period up to the date of this announcement[59] - No significant subsequent events have occurred after the reporting period up to the announcement date[71]