Financial Performance - For the first three quarters of 2025, the company's operating revenue reached RMB 17,962,803,000, an increase of approximately 3.1% compared to RMB 17,419,724,000 in the same period last year[5] - Net profit for the same period was RMB 1,008,393,000, a significant decrease of about 50.4% from RMB 2,031,307,000 year-on-year[5] - The total sales revenue reached RMB 17,962,803,000 with a gross profit of RMB 2,899,732,000, resulting in an overall gross margin of 16%[16] Production and Sales - The production volume of key products such as urea, liquid ammonia, and DMF decreased by approximately 269,000 tons, representing a year-on-year decline of about 19% due to maintenance activities[4] - Urea sales volume decreased by 14% year-on-year due to maintenance at key production bases, while compound fertilizer sales volume increased by 12% year-on-year[22] - Methanol production reached 1,180,000 tons, a 37% increase year-on-year, despite a 6% overall decline in production due to maintenance[23] Asset Management - The total assets of the group increased by 20% to approximately RMB 37,060,187,000 compared to RMB 32,518,244,000 at the beginning of the period[7] - The net asset attributable to the parent company rose to RMB 9,753,067,000, up from RMB 8,961,166,000 at the beginning of the period[7] - The company's asset-liability ratio increased to 64.8%, up from 61.5% at the beginning of the period, primarily due to an increase in loan scale[7] Cost Control and Efficiency - The company focused on internal cost control, with the ratio of three expenses to revenue decreasing by 1 percentage point year-on-year, despite an increase in sales expenses due to higher product sales[6] - The average loan interest rate decreased by 0.6 percentage points to 3.2%, optimizing the financing cost and borrowing structure[8] - The construction of the chemical new materials project in Xinxiang is progressing as planned, with a projected completion of the ammonia production line by the end of 2025, which is expected to lower production costs by about 12%[32] Market Strategy and Competitiveness - The successful commissioning of the Jiujiang Phase II project is expected to enhance the company's market competitiveness and support long-term profit growth[4] - The company aims to enhance its market competitiveness and profitability through the gradual release of low-cost production capacity and the introduction of differentiated high-efficiency fertilizer products[35] - The company is focusing on a "low cost + differentiation" strategy to enhance brand value and industry scale, leveraging technological innovation and efficient operations[37] Pricing and Margins - The average selling price of urea decreased by 16% year-on-year, influenced by increased market supply and weak downstream demand[17] - The gross margin for the chemical segment increased by nearly 45% year-on-year, driven by low-cost ammonia and methanol as raw materials[15] - The gross margin for melamine improved to 34%, up 3 percentage points, supported by cost reductions and favorable export pricing[30] - The average selling price of DMF decreased by 6% year-on-year due to oversupply and weak demand in the downstream market[20] - DMF gross profit margin increased due to a 14% year-on-year decline in comprehensive costs, with production costs reduced by approximately 4% and raw material coal prices down nearly 10%[31] Future Outlook - The company anticipates a stable fertilizer market in Q4 2023, despite traditional seasonal demand weakness, due to the accelerated elimination of backward production capacity and environmental policy controls[36] - The Jiujiang Phase II project is expected to reduce comprehensive production costs by approximately 10% while maintaining full-load production of urea[34] - The company plans to enhance the promotion of high-margin products like compound fertilizers to improve profitability amid a weak pricing environment[17]

Financial Performance - The company reported a net loss attributable to shareholders of HKD 1,675,600,000, an improvement from the previous year's loss of HKD 2,167,800,000, primarily due to reduced impairment losses on properties and lower financing costs[3]. - The company reported a net loss of HKD 3,238,000,000 for the year ended July 31, 2025[10]. - The group reported an annual loss of HKD 3,237,857 thousand in 2025, compared to a loss of HKD 4,255,979 thousand in 2024, showing an improvement in loss by approximately 23.9%[16]. - The net loss attributable to the company's owners was approximately HKD 1,675.6 million, an improvement from HKD 2,167.8 million in the previous year, marking a reduction of 22.7%[64]. - The loss per share improved to HKD 1.897 from HKD 2.454 in 2024, indicating a decrease of 22.6%[60]. Revenue and Income - Total revenue for the group decreased from HKD 6,341,234 thousand in 2024 to HKD 5,356,284 thousand in 2025, representing a decline of approximately 15.5%[16]. - Total revenue for 2025 is projected to be HKD 5,356,284,000, a decrease of 15.5% from HKD 6,341,234,000 in 2024[19]. - The property development and sales segment reported revenue of HKD 958,261 thousand in 2025, down from HKD 1,559,577 thousand in 2024, a decrease of about 38.5%[16]. - The hotel business segment reported a revenue increase of 4.4%, rising from HKD 1,191.4 million in 2024 to HKD 1,243.8 million in 2025[59]. - The restaurant and catering business generated revenue of HKD 479.1 million for the year ended July 31, 2025, a decrease of approximately 12.0% from HKD 544.6 million in the previous fiscal year due to weak local consumption and changing travel habits among residents[138]. Assets and Liabilities - Total capital resources as of July 31, 2025, were approximately HKD 8,641,200,000, including cash and bank balances of about HKD 4,424,800,000[3]. - Non-current assets decreased from HKD 55,400,066 thousand in 2024 to HKD 53,035,061 thousand in 2025, a decline of approximately 4.3%[6]. - Current assets decreased from HKD 14,941,501 thousand in 2024 to HKD 13,991,585 thousand in 2025, a decline of about 6.4%[6]. - Total liabilities increased significantly from HKD 6,588,781 thousand in 2024 to HKD 19,411,610 thousand in 2025, representing an increase of approximately 194.5%[7]. - Current liabilities exceeded current assets by HKD 5,420,025,000 as of July 31, 2025, indicating liquidity challenges[10]. Financing and Debt - Financing costs decreased by 17.0% to HKD 1,164,800,000, due to lower Hong Kong interbank offered rates and successful refinancing at lower rates[3]. - The company successfully refinanced a bank loan of HKD 3,457,000,000, extending the repayment schedule from 2025 to 2030, with only HKD 45,000,000 due within the fiscal year ending July 31, 2026[11]. - The company's bank loans surged from HKD 2,523,016 thousand in 2024 to HKD 10,886,034 thousand in 2025, an increase of approximately 331.5%[7]. - The capital debt ratio, calculated as the total net debt against the net asset value attributable to the company's owners, is approximately 152%[150]. Property Sales and Development - Confirmed property sales amounted to HKD 885,000,000, down 42.1% year-on-year, attributed to the near sell-out of property projects by the Lee Fung Group[3]. - Revenue from property sales decreased significantly from HKD 1,529,479,000 in 2024 to HKD 885,015,000 in 2025, a decline of 42%[21]. - The company plans to realize asset sales totaling HKD 8,000,000,000 over the next two years, with potential proceeds of approximately HKD 4,500,000,000 if all transactions are successful[3]. - The company plans to accelerate the pre-sale and sale of its developed and under-development properties despite challenging economic conditions[11]. Market Conditions and Outlook - The management anticipates a global economic growth rate of 3.0% for 2025, influenced by ongoing geopolitical tensions and inflationary pressures[38]. - The Hong Kong property market faces challenges, with retail sector performance impacted by changing consumer behavior and increased competition from mainland China[39]. - The company maintains a cautious outlook on the long-term business prospects in mainland China but is confident in the future of cities within the Greater Bay Area[45]. Operational Efficiency and Cost Control - The company is committed to implementing cost control strategies and resource optimization plans to lower operating and administrative costs[11]. - The company is implementing cost optimization measures in its cinema operations to improve overall operational efficiency amid challenging market conditions[52]. Dividends and Shareholder Returns - The group did not declare any final dividends for the years ended July 31, 2025, and July 31, 2024[28]. - The board does not recommend a final dividend for the year ending July 31, 2025, consistent with the previous year[36]. Employee and Corporate Governance - The group employed approximately 3,600 employees as of July 31, 2025, with competitive salary levels and performance-based promotions[157]. - The group has adhered to corporate governance codes, with the audit committee comprising three independent non-executive directors[155].

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分內容而產生或因依 賴該等內容而引致的任何損失承擔任何責任。 承董事會命 上海昊海生物科技股份有限公司 主席 Shanghai Haohai Biological Technology Co., Ltd.* 上海昊海生物科技股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：6826） 2025年第三季度報告 本公告乃上海昊海生物科技股份有限公司（「本公司」，連同其附屬公司統稱「本集 團」）根據香港聯合交易所有限公司證券上市規則第13.09(2)及13.10B條以及香港 法例第571章證券及期貨條例第XIVA部刊發，旨在向本公司股東及公眾人士提供 本公司最新的財務資料。 茲載列本公司同時在上海證券交易所網站發佈的、截至2025年9月30日止三個月 及九個月之本集團未經審計業績（「第三季度報告」）。第三季度報告所載財務數據 乃根據中國企業會計準則編製，且未經審計。以下所載第三季度報告以中英文版 本編製。有任何歧義，概以第三季度報告中文版本為準。 本 ...

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。 截至二零二五年七月三十一日止年度之 末期業績公佈 業績摘要： - 1 - • 本公司擁有人應佔淨虧損為2,874,300,000港元，較上個財政年度之虧損3,674,700,000 港元有所收窄，主要由於本集團(i)物業、廠房及設備以及使用權資產減值減少；(ii)物 業、廠房及設備以及使用權資產折舊因於上個財政年度就該等資產減值虧損而減少； (iii)投資物業公平值虧損減少；及(iv)融資成本減少所致。該虧損減少部分被麗豐集團物 業銷售以及電影及電視節目分部貢獻減少連同應佔合營公司之虧損增加所抵銷。 • 投資物業組合維持穩健，產生租金收入1,201,200,000港元，面對極具挑戰的經營環境， 在香港及中國內地仍錄得高出租率，較上個財政年度下降5.0%。 • 已確認物業銷售為885,000,000港元，較上個財政年度下跌42.1%。物業銷售減少乃由於 麗豐集團之物業項目已將近全數售罄，令該物業銷售減少， ...

Assets and Liabilities - As of September 30, 2025, total assets amounted to RMB 508.73 billion, an increase from RMB 493.97 billion as of December 31, 2024, reflecting a growth of approximately 2.5%[8][9] - Current assets totaled RMB 158.32 billion, up from RMB 145.61 billion at the end of 2024, indicating a growth of about 8.7%[8] - The company’s long-term equity investments rose to RMB 35.35 billion from RMB 33.50 billion, marking an increase of about 5.5%[9] - The total amount of receivables increased to RMB 55.46 billion from RMB 46.37 billion, reflecting a growth of approximately 19.7%[8] - Total liabilities as of September 30, 2025, amounted to approximately ¥314.19 billion, an increase from ¥299.44 billion at the end of 2024[10] - The company’s total liabilities and equity amounted to approximately ¥508.73 billion as of September 30, 2025, compared to ¥493.97 billion at the end of 2024[11] - Current liabilities increased to RMB 26,677,655,836.58 as of September 30, 2025, compared to RMB 20,854,222,961.27 at the end of 2024, marking an increase of approximately 27.9%[21] - The company reported a total equity of RMB 71,082,174,668.40 as of September 30, 2025, down from RMB 74,704,660,073.36 at the end of 2024, reflecting a decrease of about 4.2%[22] Revenue and Profit - Total operating revenue for the first nine months of 2025 was approximately ¥133.44 billion, a slight decrease of 0.59% compared to ¥134.23 billion in the same period of 2024[13] - Net profit attributable to the parent company for the first nine months of 2025 was approximately ¥2.96 billion, a significant increase compared to a net loss of ¥684.38 million in the same period of 2024[13] - Total operating revenue for the first nine months of 2025 reached RMB 72,772,943.79, an increase from RMB 68,597,114.16 in the same period of 2024, representing a growth of approximately 3.18%[24] - Net profit attributable to the parent company for the first nine months of 2025 was RMB 2,147,695,582.91, compared to RMB 3,044,713,513.75 in 2024, reflecting a decrease of about 29.5%[24] Cash Flow - The company reported a net cash flow from operating activities of approximately ¥7.31 billion for the first nine months of 2025, compared to ¥7.58 billion in 2024[15] - Operating cash flow for the period from January to September 2025 was RMB 1,939,830,692.51, a decrease of 63.5% compared to RMB 5,299,969,473.49 in the same period of 2024[26] - Cash inflow from investment activities for the first nine months of 2025 was approximately ¥23.59 billion, an increase from ¥20.36 billion in 2024[15] - Cash inflow from investment activities increased to RMB 1,934,823,421.58 in 2025, compared to RMB 1,759,221,399.49 in 2024, marking an increase of 9.9%[26] - The net increase in cash and cash equivalents for the period was RMB 952,006,670.87 in 2025, compared to RMB 835,409,387.57 in 2024, indicating a growth of 14%[28] Expenses - Total operating costs for the first nine months of 2025 were approximately ¥127.75 billion, down 3.67% from ¥132.87 billion in 2024[13] - Research and development expenses for the first nine months of 2025 were approximately ¥4.04 billion, a decrease from ¥4.38 billion in the same period of 2024[13] - The company’s financial expenses for the first nine months of 2025 were RMB 113,015,012.18, significantly higher than RMB 29,382,373.47 in the same period of 2024, indicating an increase of approximately 284.5%[24] Investments and Financing - The company issued a total of RMB 21 billion in perpetual bonds in 2025, with the latest issuance on October 16, 2025, at a coupon rate of 2.10%[6] - The company has been approved to issue up to RMB 200 billion in corporate bonds over a 24-month period starting from January 3, 2024[4] - Total cash inflow from financing activities surged to RMB 36,641,000,000.00 in 2025, up from RMB 19,300,000,000.00 in 2024, representing an increase of 89.9%[27] - Cash outflow for debt repayment in 2025 was RMB 32,700,500,000.00, significantly higher than RMB 18,353,400,000.00 in 2024, reflecting a 77.9% increase[27]

Financial Performance - Total revenue for the nine months ended September 30, 2025, was RMB 213,151 million, a decrease of 16.6% compared to RMB 255,475 million in the same period last year[7]. - Net profit attributable to the company's owners for the same period was RMB 41,366 million, down 13.8% from RMB 47,978 million year-on-year[7]. - Basic earnings per share decreased to RMB 2.082, a decline of 13.8% from RMB 2.546 in the previous year[7]. - Operating cash flow for the nine months was RMB 65,253 million, reflecting a decrease of 19.9% compared to RMB 81,474 million in the same period last year[7]. - The company reported a net profit of RMB 49,719 million for the first nine months of 2025, down 11.8% from RMB 56,393 million in 2024[43]. - Pre-tax profit decreased to RMB 61,850 million, a decline of 10.5% from RMB 68,838 million in 2024[42]. - Gross profit for the same period was RMB 67,675 million, down 13.0% from RMB 77,643 million in 2024[42]. Revenue and Sales - The company reported a decrease in coal sales volume and average selling prices, contributing to the overall decline in revenue[13]. - In the first nine months of 2025, the company reported a total revenue of RMB 159,099 million, a decrease of 21.1% compared to RMB 201,598 million in the same period of 2024[28]. - The total coal sales volume for the first nine months of 2025 was 316.5 million tons, down 8.4% from 345.6 million tons in the same period of 2024[23]. - The average selling price of coal in the first nine months of 2025 was RMB 487 per ton, a decrease of 13.7% from RMB 564 per ton in the same period of 2024[27]. - The company's revenue for the first nine months of 2025 was RMB 65,179 million, a decrease of 9.0% compared to RMB 71,663 million in the same period of 2024, primarily due to a decline in electricity sales volume and average selling price[38]. Costs and Expenses - Operating costs decreased by 18.2% to RMB 145,476 million, primarily due to lower procurement costs for purchased coal[13]. - Operating costs for the same period were RMB 53,180 million, down 12.5% from RMB 60,806 million, attributed to a decrease in electricity sales volume and lower coal procurement prices[38]. - Research and development expenses for the nine months were RMB 1,340 million, a decrease of 23.1% from RMB 1,742 million in the previous year[13]. - The company reported a decrease in coal production costs, with unit production costs for self-produced coal at RMB 164.4 per ton, down from RMB 169.6 per ton[32]. Assets and Liabilities - Total assets at the end of the reporting period were RMB 646,427 million, down 3.8% from RMB 671,639 million at the end of the previous year[9]. - Current liabilities decreased to RMB 97,470 million from RMB 105,116 million at the end of 2024, reflecting a reduction of 7.8%[46]. - Cash and cash equivalents decreased by 27.6% to 48,053 million as dividends for the year-end 2024 were paid[15]. Investments and Cash Flow - The company's investment activities saw a net cash outflow of 8,880 million, a significant decrease of 83.0% compared to the previous year due to the redemption of structured deposit products[16]. - Net cash inflow from operating activities decreased by 19.9% to 65,253 million, attributed to a decline in revenue from coal and power generation businesses[16]. - Cash received from borrowings in 2025 was RMB 4,554 million, a decrease from RMB 10,479 million in 2024[50]. - The company paid dividends to shareholders amounting to RMB 44,903 million in both 2025 and 2024, indicating a stable dividend policy[50]. Production and Capacity - The total coal production for the first nine months of 2025 was 250.9 million tons, slightly down by 0.4% from 251.8 million tons in the same period of 2024[23]. - The total electricity generation in the first nine months of 2025 was 162.87 billion kWh, down 5.4% from 172.25 billion kWh in the same period of 2024[23]. - The total installed capacity of the company's power generation units reached 48,681 MW, with coal-fired generation capacity accounting for 93.2% at 45,384 MW[34]. - The company added 1,000 MW of coal-fired generation capacity during the first nine months of 2025, primarily from the commissioning of the third unit of the expansion project at its wholly-owned subsidiary[34].

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。 BANK OF CHONGQING CO., LTD.* 重慶銀行股份有限公司* （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） （股份代號：1963） 二零二五年第三季度報告 重慶銀行股份有限公司*（「本行」或「重慶銀行」）董事會（「董事會」）欣然公佈本行及所屬子 公司（「本集團」）截至2025年9月30日止第三季度期間（「報告期」）參照《國際財務報告準則》 （「國際財務報告準則」）編製的未經審計業績。本季度報告乃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條及香港法例第571章證券及期貨條例（「證券及期 貨條例」）第XIVA部項下之內幕消息條文（定義見上市規則）的要求做出。 - 1 - 1. 重要提示 1.1 本行董事會、監事會及董事、監事、高級管理人員保證本季度報告內容的真 實、準確、完整，不存在虛假記載、誤導性陳述或者重大遺漏，並承擔個 ...

Financial Performance - For the fiscal year ending July 31, 2025, the total revenue was HKD 53,395 thousand, a decrease of 8.5% from HKD 58,399 thousand in the previous year[3] - The gross profit for the year was HKD 42,992 thousand, slightly up from HKD 42,750 thousand, indicating a stable gross margin[3] - The net loss for the year was HKD 16,571 thousand, compared to a profit of HKD 3,787 thousand in the previous year, reflecting a significant decline in profitability[3] - The total comprehensive loss for the year was HKD 14,000 thousand, a significant drop from a comprehensive income of HKD 527 thousand in the previous year[4] - The company reported a basic loss per share of HKD 6.6, compared to earnings of HKD 2.9 per share in the previous year[4] - The total comprehensive income for the year ended July 31, 2025, was a loss of HKD 13,895,000, compared to a profit of HKD 5,569,000 for the year ended July 31, 2024[27] - The group reported a loss attributable to owners of the company of HKD 13.9 million for the fiscal year ending July 31, 2025, compared to a profit of HKD 5.6 million in 2024[43] Assets and Liabilities - The company's total assets as of July 31, 2025, were HKD 1,182,531 thousand, a slight increase from HKD 1,182,149 thousand in the previous year[5] - The cash and cash equivalents decreased significantly to HKD 47,117 thousand from HKD 175,038 thousand, indicating liquidity challenges[5] - The company's equity attributable to owners was HKD 821,054 thousand, down from HKD 823,048 thousand, reflecting a decrease in shareholder value[6] - Current assets increased significantly to HKD 143,214,000 in 2025 from HKD 87,497,000 in 2024, marking an increase of about 63.8%[31] - Non-current liabilities decreased to HKD 669,695,000 in 2025 from HKD 754,221,000 in 2024, a reduction of approximately 11.2%[31] Revenue Segments - Total revenue for the hotel business was HKD 12,909,000, while the total revenue for financial investments was HKD 434,051,000 for the year ended July 31, 2025[23] - The hotel business reported a segment loss of HKD 15,953,000, compared to a segment loss of HKD 11,622,000 in the previous year[23] - Revenue from property sales was HKD 11.9 million, down from HKD 15.2 million in the previous year[50] - The hotel business generated revenue of HKD 12.9 million, a decrease from HKD 13.9 million in 2024, with an occupancy rate dropping to 21.1% from 24.0%[51] - The company’s financial investments segment generated a profit of HKD 5,216,000 for the year ended July 31, 2025[23] Expenses and Costs - The company incurred administrative expenses of HKD 49,279 thousand, an increase from HKD 45,127 thousand, indicating rising operational costs[3] - The company incurred financial expenses of HKD 661,000 for the year ended July 31, 2025, compared to HKD 49,000 in the previous year[24] - The company recognized a depreciation expense of HKD 12,196,000 for hotel operations, up from HKD 9,687,000 in the previous year[26] - The company’s total expenses for employee benefits amounted to HKD 27,053,000 for the year ended July 31, 2025, compared to HKD 23,663,000 in the previous year[26] Credit and Loans - The expected credit loss under the expected credit loss model was HKD 8,460 thousand, slightly improved from HKD 9,406 thousand in the previous year[3] - The company has assessed the expected credit loss related to loans in Tianfu's books and determined that there has been no significant increase in credit risk, resulting in no expected credit loss recognized for the year ending July 31, 2025[17] - The average loan amount for approximately 72% of customers was HKD 40,000 or below, with 72% of the repayment terms being 18 months or less[56] - The impairment loss on receivables was HKD 8.5 million for the year, a decrease from HKD 9.4 million in 2024, attributed to a reduction in the loan portfolio and improvements in credit control[58][59] Investments and Securities - The total value of securities held was HKD 256.7 million, an increase from HKD 99.8 million in the previous year[47] - The investment portfolio as of July 31, 2025, included listed equity securities valued at HKD 134.4 million, an increase from HKD 32.7 million in 2024, representing approximately 52.4% of the investment portfolio[61] - The debt securities held amounted to HKD 107.3 million, up from HKD 67.2 million in 2024, accounting for about 41.8% of the investment portfolio[62] - The group generated a net fair value gain of HKD 23.7 million from the equity portfolio during the year, compared to a loss of HKD 1.5 million in 2024[61] - The group recorded a net fair value loss of HKD 8.4 million from the debt portfolio during the year, compared to a loss of HKD 5.1 million in 2024[62] Corporate Governance and Compliance - The company has complied with all applicable provisions of the corporate governance code as of July 31, 2025[72] - The audit committee held five meetings during the year to review the group's reporting procedures and internal controls[77] Future Outlook - The company anticipates sufficient resources to continue operating for the foreseeable future, thus adopting the going concern basis in preparing the financial statements[12] - The company has maintained a strong financial position despite overall economic activity remaining below pre-COVID levels, particularly in the hotel and property sectors in mainland China[69]

Share Option Plan - The total number of shares available for grant under the share option plan is 6,400,000 shares, representing 10% of the total issued shares as of the adoption date [4]. - As of December 31, 2024, no share options were granted, exercised, cancelled, or lapsed under the share option plan, and there are no unexercised share options [6]. - The total number of shares available for issuance under the plan as of the annual report date is 640,000 shares, approximately 1.15% of the issued share capital [5]. - The total number of shares available for issuance to service providers under the plan is 64,000 shares, approximately 0.12% of the issued share capital as of the annual report date [5]. - The share option plan is valid for a period of ten years from the adoption date, expiring on May 29, 2033 [9]. - The exercise of share options requires a minimum holding period of 12 months [7]. - The offer to accept share options must be accepted within 21 days from the date of the offer, with a payment of HKD 1.00 required upon acceptance [8]. - The plan's authorization limit has not been updated since the adoption date [4]. Disclosure and Compliance - The company confirms that all information disclosed is accurate and complete, with no misleading or fraudulent elements [10]. - The announcement will be published on the Hong Kong Stock Exchange website for seven days from the date of publication [10].

Share Options - The company reported a total of 11,213,000 shares available for issuance under the share option plan, representing approximately 5.4% of the issued shares[5] - The weighted average closing price of the company's shares for non-director employees was HKD 3.29 from December 30, 2022, to June 14, 2028, and HKD 3.39 from December 30, 2023, to June 14, 2028[5] Related Party Transactions - The company confirmed that all related party transactions disclosed in the 2024 annual report comply with GEM Listing Rules Chapter 20[4]