Asia Pioneer Entertainment Holdings Limited 香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）對 本 公 告 的 內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確表示概不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 的 任 何 損 失 承 擔 任 何 責 任。 亞洲先鋒娛樂控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：8400） 截 至2025年6月30日止六個月中期業績公告 亞 洲 先 鋒 娛 樂 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司，統 稱「本集團」） 董 事（「董 事」）會 宣 佈 本 集 團 截 至2025年6月30日 止 六 個 月（「本期間」）的 未 經 審 核 簡 明 綜 合 財 務 業 績。本 公 告 列 載 本 公 司2025年 中 期 報 告（「2025年 中期報告」）全 文，乃 符 合 聯 交 所《GEM證 券 上 市 規 則》（分 別 為「GE ...

[Announcement Overview](index=1&type=section&id=Announcement%20Overview) This announcement presents the unaudited condensed consolidated interim results of CNNC International Limited and its subsidiaries for the six months ended June 30, 2025, with comparative figures for the corresponding period in 2024 - The Board of Directors of CNNC International Limited is pleased to announce the unaudited condensed consolidated interim results of the Company and its subsidiaries for the six months ended June 30, 2025 (the "Review Period") and comparative figures for the corresponding period in 2024[3](index=3&type=chunk) [Condensed Consolidated Interim Financial Statements](index=2&type=section&id=Condensed%20Consolidated%20Interim%20Financial%20Statements) This section presents the condensed consolidated statement of profit or loss and other comprehensive income for the six months ended June 30, 2025, and the condensed consolidated statement of financial position as at June 30, 2025, illustrating the Group's financial performance and period-end asset and liability status [Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=2&type=section&id=Condensed%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) The Group achieved significant revenue growth during the review period, swinging from a loss to a net profit, with a notable improvement in basic earnings per share Summary of Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income (For the six months ended June 30) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 592,110 | 6,400 | 9151.7% | | Gross Profit | 19,671 | 6,400 | 207.4% | | Profit/(Loss) Before Tax | 12,375 | (6,116) | Swung to profit | | Profit/(Loss) Attributable to Owners of the Company for the Period | 10,359 | (7,731) | Swung to profit | | Basic and Diluted Earnings/(Loss) Per Share | 2.12 HK cents | (1.58) HK cents | Swung to profit | [Condensed Consolidated Statement of Financial Position](index=3&type=section&id=Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, the Group's current assets and liabilities both significantly increased, primarily due to changes in inventories, trade receivables, and trade payables, leading to a rise in the gearing ratio Summary of Condensed Consolidated Statement of Financial Position (As at June 30) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Non-current Assets | 4,177 | 5,020 | | Current Assets | 1,521,990 | 875,037 | | Current Liabilities | 839,773 | 204,547 | | Net Current Assets | 682,217 | 670,490 | | Net Assets | 685,640 | 673,884 | - The **gearing ratio** increased from approximately **0.23** as at December 31, 2024, to approximately **0.55** as at June 30, 2025, primarily due to an increase in trade and other payables from uranium product purchases[42](index=42&type=chunk) [Notes to the Condensed Consolidated Interim Financial Statements](index=5&type=section&id=Notes%20to%20the%20Condensed%20Consolidated%20Interim%20Financial%20Statements) This section details the basis of preparation, significant accounting policies, and application of new and revised HKFRSs for the interim financial statements, along with specific notes on revenue, segment information, income tax expense, dividends, earnings per share, trade and other receivables, and trade and other payables [Basis of Preparation](index=5&type=section&id=1.%20Basis%20of%20Preparation) The condensed consolidated interim financial statements are prepared in accordance with HKAS 34 and Appendix D2 of the Listing Rules, presented in HKD, and should be read in conjunction with the 2024 annual report - The financial statements are prepared in accordance with Hong Kong Accounting Standard 34 "Interim Financial Reporting" issued by the Hong Kong Institute of Certified Public Accountants and the applicable disclosure requirements of Appendix D2 of the Listing Rules[7](index=7&type=chunk) - The Company's functional currency is US dollars, but for the convenience of shareholders, the condensed consolidated interim financial statements are presented in HKD, with all values rounded to the nearest thousand[7](index=7&type=chunk) [Significant Accounting Policies](index=5&type=section&id=2.%20Significant%20Accounting%20Policies) The interim financial statements are prepared on a historical cost basis, reviewed by the Audit Committee, and the application of new and revised HKFRSs had no significant impact on financial performance or position this period - The condensed consolidated interim financial statements are prepared on a historical cost basis, except for certain financial instruments measured at fair value, and have been reviewed by the Audit Committee[8](index=8&type=chunk) - The new and revised Hong Kong Financial Reporting Standards (such as the amendment to HKAS 21 "Lack of Exchangeability") were first applied during this interim period, but had no significant impact on the Group's financial performance and position[9](index=9&type=chunk)[10](index=10&type=chunk) [Revenue and Segment Information](index=6&type=section&id=3.%20Revenue%20and%20Segment%20Information) The Group primarily operates two segments: Operating Mineral Resources (uranium trading and procurement services) and Exploration and Sale of Mineral Resources, with the former showing significant revenue growth and contributing most of the revenue and profit - The Group's operating and reportable segments include "Operating Mineral Resources" (trading of uranium and agency income from providing uranium procurement services) and "Exploration and Sale of Mineral Resources" (exploration and sale of uranium)[11](index=11&type=chunk) Segment Revenue and Profit (For the six months ended June 30) | Segment | 2025 Revenue (HKD thousands) | 2024 Revenue (HKD thousands) | 2025 Profit/(Loss) (HKD thousands) | 2024 Profit/(Loss) (HKD thousands) | | :--- | :--- | :--- | :--- | :--- | | Operating Mineral Resources | 592,110 | 6,400 | 14,116 | (8,282) | | Exploration and Sale of Mineral Resources | — | — | (2,409) | (3,051) | | Total | 592,110 | 6,400 | 11,707 | (11,333) | Segment Assets and Liabilities (As at June 30) | Segment | 2025 Assets (HKD thousands) | 2024 Assets (HKD thousands) | 2025 Liabilities (HKD thousands) | 2024 Liabilities (HKD thousands) | | :--- | :--- | :--- | :--- | :--- | | Operating Mineral Resources | 1,511,106 | 630,699 | 813,482 | 179,183 | | Exploration and Sale of Mineral Resources | 9,844 | 3,486 | 22,653 | 19,647 | | Total Segment | 1,520,950 | 634,185 | 836,135 | 198,830 | [Income Tax Expense](index=9&type=section&id=4.%20Income%20Tax%20Expense) The Group's income tax expense primarily comprises Hong Kong profits tax and PRC corporate income tax, with the total amount increasing year-on-year, reflecting higher taxable profits - Hong Kong profits tax adopts a two-tiered tax rate system, with the first **HKD 2,000,000** of profits taxed at **8.25%** and the remainder at **16.5%**; PRC subsidiaries are taxed at **25%**[14](index=14&type=chunk)[15](index=15&type=chunk) Income Tax Expense (For the six months ended June 30) | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | | :--- | :--- | :--- | | Hong Kong Profits Tax | 1,845 | — | | PRC Corporate Income Tax | 171 | — | | PRC Withholding Tax Paid on Dividends Received from an Associate | — | 1,615 | | **Total Income Tax Expense** | **2,016** | **1,615** | [Dividends](index=10&type=section&id=6.%20Dividends) For the period ended June 30, 2025, the Company neither paid, declared, nor proposed any dividends - No dividends were paid, declared, or proposed for the period ended June 30, 2025, nor have any been proposed since the end of the reporting period (corresponding period in 2024: nil)[19](index=19&type=chunk) [Basic and Diluted Earnings/(Loss) Per Share](index=10&type=section&id=7.%20Basic%20and%20Diluted%20Earnings%2F%28Loss%29%20Per%20Share) Basic earnings per share attributable to owners of the Company was **2.12 HK cents**, a significant improvement from a loss of **1.58 HK cents** in the corresponding period last year, with no dilutive effect from potential ordinary shares Basic and Diluted Earnings/(Loss) Per Share (For the six months ended June 30) | Indicator | 2025 | 2024 | | :--- | :--- | :--- | | Profit/(Loss) Attributable to Owners of the Company for the Period (HKD thousands) | 10,359 | (7,731) | | Number of Ordinary Shares for Basic Earnings/(Loss) Per Share | 489,168,308 | 489,168,308 | | Basic and Diluted Earnings/(Loss) Per Share (HK cents) | 2.12 | (1.58) | - Diluted earnings/(loss) per share for the periods ended June 30, 2025 and 2024 were the same as basic earnings/(loss) per share, as there were no potential ordinary shares in issue during the relevant periods[20](index=20&type=chunk) [Trade and Other Receivables](index=11&type=section&id=8.%20Trade%20and%20Other%20Receivables) As of June 30, 2025, total trade and other receivables significantly increased to **HKD 350,460,000**, primarily driven by trade receivables Trade and Other Receivables (As at June 30) | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Trade Receivables | 345,318 | 85,350 | 304.6% | | Other Receivables | 3,798 | 1,186 | 220.2% | | Deposits Paid | 1,175 | 1,112 | 5.7% | | Prepayments | 1,247 | 246 | 406.9% | | Less: Non-current Portion of Deposits | (1,078) | (1,078) | 0% | | **Total** | **350,460** | **86,816** | **303.7%** | [Trade and Other Payables](index=11&type=section&id=9.%20Trade%20and%20Other%20Payables) As of June 30, 2025, total trade and other payables significantly increased to **HKD 812,757,000**, primarily due to a substantial rise in trade payables Trade and Other Payables (As at June 30) | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Trade Payables | 787,538 | 154,320 | 410.3% | | Other Payables | 2,630 | 2,600 | 1.2% | | Amounts Due to Joint Venture Partners | 20,275 | 17,605 | 15.2% | | Accruals | 2,314 | 3,781 | -38.8% | | **Total** | **812,757** | **178,306** | **355.8%** | - Credit terms for goods sales and purchases are typically within **5 to 30 days**, and the Group has financial risk management policies to ensure all payables are settled within credit terms[22](index=22&type=chunk)[23](index=23&type=chunk) [Management Discussion and Analysis](index=12&type=section&id=Management%20Discussion%20and%20Analysis) This section elaborates on the Group's performance, market and business review, operating review, and future strategies for the review period, highlighting the significant growth of the uranium trading business and its positive impact on financial performance, while outlining future development directions [Results](index=12&type=section&id=Results) The Group's revenue surged by **9152%** to **HKD 592,110,000** during the review period, swinging to a net profit of **HKD 10,359,000**, primarily driven by a substantial increase in uranium trading volume - Revenue recorded a significant increase of approximately **9152%** to approximately **HKD 592,110,000**, and gross profit increased by approximately **207%** to approximately **HKD 19,671,000**[24](index=24&type=chunk) - The Group swung from a loss to a pre-tax profit of approximately **HKD 12,375,000** (corresponding period in 2024: pre-tax loss of approximately **HKD 6,116,000**), with a net profit of approximately **HKD 10,359,000** (corresponding period in 2024: net loss of approximately **HKD 7,731,000**)[24](index=24&type=chunk) - Approximately **2,200,000 pounds** of natural uranium were sold, of which approximately **1,000,000 pounds** were sold through transactions with independent third parties, and approximately **530 pounds** and **750,000 pounds** were sold to the parent group through uranium supply transactions and uranium agency transactions, respectively[25](index=25&type=chunk) [Market and Business Review](index=13&type=section&id=Market%20and%20Business%20Review) The natural uranium market is influenced by geopolitics and US tariff policies, with narrowing spot price fluctuations and stable long-term prices; the Group continues to focus on uranium product trading, actively seeks high-quality uranium resource projects, communicates with the Mongolian government to resolve mining rights issues, and discusses restart plans with the Niger government and Somina shareholders [Market Review](index=13&type=section&id=Market%20Review) Natural uranium spot prices rebounded after an initial dip, rising from approximately **USD 73** to **USD 78.5 per pound**, with long-term prices stable at **USD 80 per pound**, reflecting market consensus on medium-to-long-term supply tightness - Natural uranium spot prices hovered around **USD 73 per pound** at the beginning of the review period and closed at approximately **USD 78.5 per pound** at the end of June 2025[27](index=27&type=chunk) - The long-term price of natural uranium remained at **USD 80 per pound** throughout the review period, reflecting the current market consensus on medium-to-long-term supply tightness of natural uranium[27](index=27&type=chunk) - Uncertainty exists regarding the US government's tariff policy; although no additional taxes are currently imposed on natural uranium, the industry has taken proactive defensive measures[28](index=28&type=chunk)[29](index=29&type=chunk) [Business Review](index=14&type=section&id=Business%20Review) The Group continued its uranium product trading, selling approximately **2,200,000 pounds** of natural uranium and collaborating with its parent group, while actively engaging with the Mongolian government to resolve mining rights issues and discussing restart plans with the Niger government and other Somina shareholders - The Group sold approximately **2,200,000 pounds** of natural uranium, generating operating revenue of approximately **HKD 592,110,000**, with approximately **1,000,000 pounds** sold through transactions with independent third parties[30](index=30&type=chunk) - The Group continues to maintain close communication and coordination with relevant Mongolian government departments to resolve mining rights issues for its Mongolian mining projects[31](index=31&type=chunk) - The Group maintains close communication with the Niger government and continues discussions with other shareholders of its associate, Somina, with a view to formulating a preliminary restart plan in the foreseeable future[32](index=32&type=chunk) [Operating Review](index=15&type=section&id=Operating%20Review) The Group's revenue and gross profit significantly increased, primarily due to higher uranium trading volume; other income and net gains rose from increased bank interest income, finance costs substantially decreased due to no bank financing loans, and administrative expenses slightly declined from reduced intermediary service fees Changes in Key Profit or Loss Items (For the six months ended June 30) | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (%) | Primary Reason | | :--- | :--- | :--- | :--- | :--- | | Revenue | 592,110 | 6,400 | 9152% | Significant increase in uranium trading volume | | Cost of Sales | 572,439 | — | N/A | Significant increase in uranium trading volume | | Gross Profit | 19,671 | 6,400 | 207% | Significant increase in uranium trading volume | | Other Income and Net Gains | 9,339 | 4,258 | 119% | Increase in bank interest income | | Net Exchange Gain | 1,337 | 493 | 171% | Slight appreciation of USD against HKD | | Selling and Distribution Expenses | 1,962 | 1,825 | 7.5% | Increase in natural uranium storage expenses | | Administrative Expenses | 15,894 | 17,659 | -10% | Decrease in intermediary service fees | | Share of Results of Associates | — | 15,596 | -100% | Disposal of interest in a subsidiary | | Finance Costs | 116 | 13,379 | -99% | No utilization of bank financing loans | | Income Tax Expense | 2,016 | 1,615 | 24.8% | Increase in taxable profit | | Net Profit/(Loss) | 10,359 | (7,731) | Swung to profit | Combination of the above factors | | Total Comprehensive Income/(Expense) | 11,756 | (20,859) | Swung to profit | Combination of the above factors | [Future Strategies](index=16&type=section&id=Future%20Strategies) The Group will continue to focus on developing its uranium product trading business, actively seek high-quality uranium resource projects, and leverage its framework agreement with China Uranium to strengthen its position in the international uranium market, while also resolving Mongolian mining rights disputes, promoting the Somina project's restart, and exploring diversified business and potential investment opportunities - The Group will focus on developing its uranium product trading business, actively seeking high-quality uranium resource projects, with a focus on operational projects, to align with the parent group's development[37](index=37&type=chunk) - A 2024 framework agreement was entered into with China Uranium, appointing the Group as the exclusive supplier, agent, and authorized distributor for China Uranium Group, aiming to consolidate its strategic position in the international uranium market[37](index=37&type=chunk)[38](index=38&type=chunk) - Discussions will continue with the Mongolian government to resolve the expiry of exploration licenses for uranium resource projects, and with the Niger government and other Somina shareholders to formulate a preliminary restart plan[38](index=38&type=chunk)[39](index=39&type=chunk) [Other Information](index=18&type=section&id=Other%20Information) This section covers the Group's employee and remuneration policies, liquidity and financial resources, acquisitions and disposals during the reporting period, foreign exchange risk management, capital structure, contingent liabilities, pledge of assets, significant events after the reporting period, interim dividend policy, and corporate governance matters, including the composition and responsibilities of Board committees [Employees and Remuneration Policy](index=18&type=section&id=Employees%20and%20Remuneration%20Policy) As of June 30, 2025, the Group employed **34** full-time staff, with remuneration determined by individual performance, experience, and qualifications, alongside sufficient training and professional development opportunities Number of Employees (As at June 30) | Region | 2025 | 2024 | | :--- | :--- | :--- | | Hong Kong | 4 | 6 | | Mainland China | 26 | 26 | | Mongolia | 4 | 4 | | **Total** | **34** | **36** | - Remuneration packages are determined based on individual performance, experience, and qualifications, ensuring all employees receive adequate training and continuous professional development opportunities[40](index=40&type=chunk) [Liquidity and Financial Resources](index=18&type=section&id=Liquidity%20and%20Financial%20Resources) The Group's liquidity position is robust, with a significant increase in cash and cash equivalents, primarily due to cash inflows from amounts due from direct holding companies; both current assets and liabilities grew substantially, leading to a higher gearing ratio - Net cash inflow of approximately **HKD 179,114,000** was recorded during the review period (corresponding period in 2024: net cash outflow of approximately **HKD 49,536,000**), mainly due to cash received from "amounts due from direct holding companies" related to trade receivables[41](index=41&type=chunk) Key Liquidity Indicators (As at June 30) | Indicator | 2025 (HKD thousands) | 2024 (HKD thousands) | Change (%) | | :--- | :--- | :--- | :--- | | Cash and Cash Equivalents | 787,583 | 607,031 | 29.7% | | Non-current Assets | 754 | 1,626 | -53.6% | | Current Assets | 1,521,990 | 875,037 | 73.9% | | Current Liabilities | 839,773 | 204,547 | 310.6% | | Total Shareholders' Funds | 685,640 | 673,884 | 1.7% | | Gearing Ratio | 0.55 | 0.23 | 139.1% | [Acquisition and Disposal of Subsidiaries and Associates](index=19&type=section&id=Acquisition%20and%20Disposal%20of%20Subsidiaries%20and%20Associates) During the review period, the Group did not undertake any significant acquisitions or disposals of subsidiaries and associates - During the review period, the Group did not undertake any significant acquisitions or disposals of subsidiaries and associates[43](index=43&type=chunk) [Foreign Exchange Exposure](index=19&type=section&id=Foreign%20Exchange%20Exposure) The Group primarily operates in Hong Kong, mainland China, and Mongolia, with major transaction currencies being HKD, RMB, USD, and MNT; currently, there is no foreign currency hedging policy, but management will monitor risks and consider hedging as needed - The Group primarily conducts business in the Hong Kong Special Administrative Region, mainland China, and Mongolia, with major transaction currencies being HKD, RMB, USD, and Mongolian Tugrik[44](index=44&type=chunk) - The Group does not have a foreign currency hedging policy, but management will monitor foreign exchange risks and consider hedging significant currency exposures when necessary[44](index=44&type=chunk) [Capital Structure](index=19&type=section&id=Capital%20Structure) The Group's capital structure has not undergone any significant changes since December 31, 2024 - The Group's capital structure has not undergone any significant changes since December 31, 2024[45](index=45&type=chunk) [Contingent Liabilities](index=19&type=section&id=Contingent%20Liabilities) Other than those disclosed in the notes to the condensed consolidated interim financial statements, the Group has no contingent liabilities - Other than those disclosed in the notes to the condensed consolidated interim financial statements, the Group has no contingent liabilities (as at December 31, 2024: nil)[46](index=46&type=chunk) [Pledge of Assets](index=19&type=section&id=Pledge%20of%20Assets) Certain bank accounts of CNNC International Group Limited, a wholly-owned subsidiary of the Company, have been pledged to secure bank facilities granted to the Group for its uranium trading business - Certain bank accounts of CNNC International Group Limited, a wholly-owned subsidiary of the Company, have been pledged to secure bank facilities granted to the Group for its uranium trading business[47](index=47&type=chunk) [Significant Events After Reporting Period](index=19&type=section&id=Significant%20Events%20After%20Reporting%20Period) As of the date of this announcement, the Directors are not aware of any significant events concerning the Company's business or financial performance after the review period - Other than as disclosed above, up to the date of this announcement, the Directors are not aware of any significant events concerning the Company's business or financial performance after the review period[48](index=48&type=chunk) [Interim Dividend](index=19&type=section&id=Interim%20Dividend) The Board of Directors does not recommend the payment of an interim dividend for the review period - The Board of Directors does not recommend the payment of an interim dividend for the review period (corresponding period in 2024: nil)[49](index=49&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=20&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company%27s%20Listed%20Securities) During the review period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities - During the review period, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed securities (including the sale of any treasury shares, if any)[50](index=50&type=chunk) [Corporate Governance Practices](index=20&type=section&id=Corporate%20Governance%20Practices) The Company has consistently complied with all applicable code provisions of the Corporate Governance Code in Appendix C1 of the Listing Rules throughout the review period - The Company has consistently complied with all applicable code provisions contained in the Corporate Governance Code (the "CG Code") in Appendix C1 of the Listing Rules throughout the review period[51](index=51&type=chunk) [Standard Code for Securities Transactions by Directors](index=20&type=section&id=Standard%20Code%20for%20Securities%20Transactions%20by%20Directors) The Company has adopted a code of conduct no less stringent than the Standard Code in Appendix C3 of the Listing Rules, and all Directors have confirmed compliance with it - The Company has adopted a code of conduct for Directors' securities transactions, with terms no less stringent than those stipulated in the Model Code for Securities Transactions by Directors of Listed Issuers (the "Model Code") contained in Appendix C3 of the Listing Rules. Following specific enquiries with all Directors, all Directors confirmed that they have complied with the standards set out in the Model Code and the Company's adopted code of conduct for Directors' securities transactions during the review period[52](index=52&type=chunk) [Audit Committee](index=20&type=section&id=Audit%20Committee) The Audit Committee, comprising three independent non-executive directors and one non-executive director, is responsible for reviewing and overseeing financial reporting processes and internal controls, and has reviewed the interim financial statements for this period - The Audit Committee comprises three independent non-executive Directors, Mr. Chan Yee Hoi, Mr. Cui Liguo, and Ms. Liu Yajie, and one non-executive Director, Mr. Wu Ge. Mr. Chan Yee Hoi serves as the Chairman of the Audit Committee[53](index=53&type=chunk) - The Audit Committee has reviewed the Group's unaudited condensed consolidated interim financial statements for the six months ended June 30, 2025, and is of the opinion that the interim financial statements have been prepared in accordance with applicable accounting standards, rules, and regulations, with proper and adequate disclosures[53](index=53&type=chunk) [Remuneration Committee](index=20&type=section&id=Remuneration%20Committee) The Remuneration Committee, composed of three independent non-executive directors, one executive director, and one non-executive director, is responsible for determining directors' remuneration - The Remuneration Committee comprises three independent non-executive Directors, Mr. Cui Liguo, Mr. Chan Yee Hoi, and Ms. Liu Yajie, one executive Director, Mr. Zhang Yi, and one non-executive Director, Mr. Wu Ge. Mr. Cui Liguo serves as the Chairman of the Remuneration Committee[54](index=54&type=chunk) [Nomination Committee](index=21&type=section&id=Nomination%20Committee) The Nomination Committee, consisting of three independent non-executive directors, one executive director, and one non-executive director, is responsible for reviewing the Board structure and identifying qualified Board members - The Nomination Committee comprises three independent non-executive Directors, Mr. Cui Liguo, Mr. Chan Yee Hoi, and Ms. Liu Yajie, one executive Director, Mr. Zhang Yi, and one non-executive Director, Mr. Wang Cheng. Mr. Wang Cheng serves as the Chairman of the Nomination Committee[55](index=55&type=chunk) [Disclosure of Information](index=21&type=section&id=Disclosure%20of%20Information) The electronic version of this announcement has been published on the HKEX website and the Company's website, and the interim report will be dispatched to shareholders and posted in due course - The electronic version of this announcement is published on the HKEX website (http://www.hkexnews.hk) and the Company's website (http://www.cnncintl.com)[56](index=56&type=chunk) - The Company will dispatch and post its interim report for the six months ended June 30, 2025, containing all information required by Appendix D2 of the Listing Rules, to shareholders and on the aforementioned HKEX and Company websites in due course[56](index=56&type=chunk) [Acknowledgements](index=21&type=section&id=Acknowledgements) The Board of Directors extends its sincere gratitude to shareholders, management, and all staff for their tireless efforts and strong support - The Board of Directors takes this opportunity to express its sincere gratitude to the shareholders, management, and all staff for their tireless efforts and strong support[57](index=57&type=chunk) [Board of Directors](index=21&type=section&id=Board%20of%20Directors) As of this announcement date, the Board of Directors comprises Mr. Wang Cheng (Non-executive Director and Chairman), Mr. Zhang Yi (Executive Director and CEO), Mr. Wu Ge and Mr. Sun Ruofan (Non-executive Directors), and Mr. Cui Liguo, Mr. Chan Yee Hoi, and Ms. Liu Yajie (Independent Non-executive Directors) - As of the date of this announcement, the Board of Directors includes Non-executive Director and Chairman: Mr. Wang Cheng; Executive Director and Chief Executive Officer: Mr. Zhang Yi; Non-executive Directors: Mr. Wu Ge and Mr. Sun Ruofan; and Independent Non-executive Directors: Mr. Cui Liguo, Mr. Chan Yee Hoi, and Ms. Liu Yajie[58](index=58&type=chunk)

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。 （股份代號： 1146） 截至二零二五年六月三十日止六個月的中期業績公佈 截至二零二五年六月三十日止六個月 | | 二零二五年 | 二零二四年 | | --- | --- | --- | | | 人民幣千元 | 人民幣千元 | | | （未經審核） | （未經審核） | | 期內虧損 | (46,125) | (42,680) | | 其他全面（虧損）╱收益 | | | | 於其後期間可能重新分類至損益的其他全面（虧損）╱收益： | | | | 換算財務報表的匯兌差額 | (3,490) | 2,187 | | 於其後期間可能重新分類至損益的其他全面（虧損）╱ | | | | 收益淨額 | (3,490) | 2,187 | | 於其後期間不會重新分類至損益的其他全面收益╱（虧損）： | | | | 換算財務報表的匯兌差額 | 1,235 | (548) | | 指定按公平值計量且其變動計入其他全面收益 ...

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，概不會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的任何損失承擔任何責任。 INFINITY LOGISTICS AND TRANSPORT VENTURES LIMITED 鷹輝物流有限公司 （於開曼群島註冊成立之有限公司） （股份代號：1442） 鷹輝物流有限公司（「本公司」）董事（「董事」）會（「董事會」）公佈本公司及其附屬公司（「本 集團」）截至二零二五年六月三十日止六個月之未經審核簡明綜合業績連同二零二四年同 期之比較數字如下： 簡明綜合損益及其他全面收益表 截至二零二五年六月三十日止六個月 | | | 截至六月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | 附註 | 千令吉 | 千令吉 | | | | （未經審核） | （未經審核） | | 收益 | 4 | 214,655 | 235,564 | | 已售服務及貨品成本 | | (169,733) | (189,642) | | 毛利 ...

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。 JOINN LABORATORIES (CHINA) CO., LTD. 北京昭衍新藥研究中心股份有限公司 （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：6127） 截 至2025年6月30日止六個月的中期業績公告 北京昭衍新藥研究中心股份有限公司（「本公司」）董 事（「董 事」）會（「董事會」）欣 然公佈本公司及其附屬公司（「本集團」、「我 們」或「昭衍研究中心」）截 至2025年6 月30日止六個月（「報告期」）的 未 經 審 核 簡 明 中 期 業 績，連 同2024年同期的比較 數 字。 財務摘要 截 至2025年6月30日 止 六 個 月，本 集 團 錄 得 以 下 未 經 審 核 業 績： | 至2025年 | 至2024年 | 截 | 截 | 6月30日 | 6月30日 | | | ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示概不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的任何損失承擔任何責任。 截至二零二五年六月三十日止六個月之中期業績 意力國際控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈本公司及其附屬 公司（統稱「本集團」）截至二零二五年六月三十日止六個月（「回顧期間」）之未經審核綜合 中期業績。 未經審核財務資料 簡明綜合損益及其他全面收入表 截至二零二五年六月三十日止六個月 簡明綜合損益及其他全面收入表 （續） 截至二零二五年六月三十日止六個月 截至六月三十日止六個月 | | | 二零二五年 | 二零二四年 | | --- | --- | --- | --- | | | 附註 | 千港元 | 千港元 | | | | （未經審核） | （未經審核） | | 其後期間將不會重新分類至損益之項目： | | | | | 透過其他全面收入按公平值列賬（「透過其他全面 | | | | | 收入按公平值列賬」）之股本工具之公平值變動 | | | | | （不可撥回） | | 101 ...

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，並明確表示概不就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。 截至二零二五年六月三十日止六個月中期業績公佈 財務摘要 * 僅供識別 – 1 – 1. 截至二零二五年六月三十日止六個月的收入同比減少約人民幣 93.1 百萬元或 8.3% 至約人民幣 1,022.2 百萬元 2. 截至二零二五年六月三十日止六個月的毛利同比減少約人民幣 22.9 百萬元或 10.9% 至約人民幣 187.3 百萬元 3. 截至二零二五年六月三十日止六個月的毛利率同比減少約 0.5 個百分點至約 18.3% 4. 截至二零二五年六月三十日止六個月的本公司權益股東應佔虧損淨額為約人民幣 70.4 百萬元，截至二零二四年六月三十日止六個月的本公司權益股東應佔純利為約 人民幣 26.6 百萬元 5. 截至二零二五年六月三十日止六個月的每股基本虧損約人民幣 0.152 元，截至二零 二四年六月三十日止六個月的每股基本盈利約人民幣 0.065 元 6. 不建議派付截至二零二五年六月三十日止六個月的中期 ...

Sling Group Holdings Limited 森浩集團股份有限公 司 （於開曼群島註冊成立之有限公司） （股份代號：8285） 截至2025年6月30日止六個月 中期業績公佈 香港聯合交易所有限公司（「聯交所」）GEM的特色 GEM的定位乃為相比起聯交所主板上市的其他公司帶有更高投資風險的中小型公司提供 上市的市場。有意投資者應了解投資於此類公司的潛在風險，並應經審慎周詳考慮後方 作出投資決定。 由於在GEM上市的公司一般為中小型公司，在GEM買賣的證券可能會承受較於聯交所 主板買賣的證券為高的市場波動風險，同時亦無法保證在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，並明確表示概不會對本公佈的全部或任何部分內容所產生或因依賴該 等內容而引致的任何損失承擔任何責任。 本公佈乃遵照聯交所GEM證券上市規則（「GEM上市規則」）的規定提供有關森浩集團股 份有限公司（「本公司」）的資料。本公司董事（「董事」）願對此共同及個別承擔全部責任。 董事在作出一切合理查詢後確認，就彼等深知及確信，本公佈所載資料在各重大方面均 ...

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。 BUILD KING HOLDINGS LIMITED （利基控股有限公司）* 截至二零二五年六月三十日止六個月 中期業績公佈 財務表現摘要 每股權益**增加百分比 1% 權益 2,678,000,000港元 每股權益 2.16港元 集團收入 6,900,000,000港元 本公司擁有人應佔溢利 179,000,000港元 每股中期股息 4港仙 ** 權益指本公司擁有人應佔權益 * 僅供識別 – 1 – 業績 利基控股有限公司（「本公司」）董事會（「董事會」）宣佈本公司及其附屬公司（「本集 團」）截至二零二五年六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： （於百慕達註冊成立之有限公司） （股份代號：00240） 簡明綜合損益表 簡明綜合損益及其他全面收益表 | | | 於二零二五年 | 於二零二四年 | | --- | --- | --- | --- | | | 附註 | 六月三十 ...

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 會 就 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。 Zhongzhi Pharmaceutical Holdings Limited 中智藥業控股有限公司 （於 開 曼 群 島 註 冊 成 立 之 有 限 公 司） （股份代號：3737） 截至二零二五年六月三十日止六個月之 中期業績 財 務 摘 要： 本集團截至二零二五年六月三十日止六個月的收益約為人民幣880.5百 萬 元，與 截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月 相 較 減 少19.1%。 本集團截至二零二五年六月三十日止六個月的毛利約為人民幣482.5百 萬 元，與 截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月 相 較 減 少23.0%。毛 利 率 與 截 至 二零二四年六月三十日止六個月相較減少2.8個百分點至約54.8%。 母公司擁有人應佔利潤約為人民幣8.8百 萬 元，與 截 至 二 零 二 ...