Revenue Performance - For the six months ended September 30, 2025, the Group's total revenue decreased by approximately 3.4% to HK$173,151,000 from HK$179,187,000 in the corresponding period last year[17] - The decrease in revenue was primarily due to the completion of significant long-term contracts and a decline in demand for vessel chartering and related services[17] - Revenue from marine construction services increased due to improved construction progress on key projects during the Period[17] - The Group expects demand for vessel chartering services to diminish gradually as high-profile marine construction projects reach completion[11] - Revenue for the six months ended September 30, 2025, was HK$173,151,000, a decrease of 3% from HK$179,187,000 in the same period of 2024[125] - Revenue from vessel chartering and related services decreased to HK$52,176,000 from HK$75,995,000, representing a decline of approximately 31.4%[167] - Revenue from marine construction services increased significantly to HK$107,487,000 from HK$89,923,000, marking an increase of about 19.4%[167] Profitability - Gross profit increased by approximately 4.4%, from HK$48,564,000 for the corresponding period last year to HK$50,713,000 for the Period[23] - The gross profit margin increased by approximately 2.2 percentage points from approximately 27.1% for the corresponding period last year to approximately 29.3% for the Period[23] - Profit attributable to owners of the Company increased by approximately 35.4%, from HK$10,531,000 for the corresponding period last year to HK$14,255,000 for the Period[35] - Basic earnings per share attributable to owners of the Company increased from approximately HK1.05 cent for the corresponding period last year to approximately HK1.43 cent for the Period[40] - Total comprehensive income for the period was HK$20,445,000, up from HK$16,993,000, reflecting a growth of 20.5%[125] - Profit for the period attributable to owners of the Company was HK$14,255,000, representing a 35.5% increase compared to HK$10,531,000 in the previous year[125] Financial Position - The Group's net current assets increased from HK$167,793,000 as at 31 March 2025 to HK$183,164,000 as at 30 September 2025[38] - The current ratio increased from approximately 2.5 as at 31 March 2025 to approximately 2.7 as at 30 September 2025[38] - The gearing ratio decreased from 2.40% at 31 March 2025 to 2.16% at 30 September 2025[39] - The Group's trade and other receivables decreased from HK$84,756,000 as at 31 March 2025 to HK$80,495,000 as at 30 September 2025[37] - Non-current assets decreased to HK$148,145,000 from HK$158,235,000, a decline of 6.4%[126] - Current assets increased to HK$288,481,000, up from HK$282,270,000, showing a growth of 2.4%[126] - Current liabilities decreased to HK$105,317,000 from HK$114,477,000, a reduction of 8%[126] - Net current assets increased to HK$183,164,000 as of 30 September 2025, up from HK$167,793,000 at 31 March 2025, representing a growth of 9.2%[128] - Total assets less current liabilities rose to HK$331,309,000, compared to HK$326,028,000 at the end of March 2025, indicating a 1.0% increase[128] - Net assets reached HK$314,353,000, an increase of 2.5% from HK$307,828,000 as of 31 March 2025[128] Cash Flow - Net cash from operating activities was HK$19,964,000 for the six months ended 30 September 2025, a significant improvement from a cash outflow of HK$11,990,000 in the prior year[133] - Cash used in investing activities totaled HK$6,977,000, a decrease from cash inflow of HK$13,536,000 in the same period last year[133] - The Group reported a net cash used in financing activities of HK$17,258,000, an improvement from HK$28,880,000 in the previous year[133] - The net decrease in cash and cash equivalents for the six months ended 30 September 2025 was HK$4,271,000, compared to a decrease of HK$27,334,000 for the same period in 2024[134] - Cash and cash equivalents at the end of the period were HK$69,301,000, an increase from HK$49,243,000 at the end of the previous period[134] Corporate Governance - The Company is committed to high corporate governance standards to safeguard shareholder interests and enhance corporate value[114] - The Company has maintained compliance with the Corporate Governance Code, except for the separation of the roles of chairman and CEO[115] - The Audit Committee, comprising three independent non-executive Directors, reviewed the financial statements and internal controls for the period[118] Shareholder Information - As of September 30, 2025, the company has a total of 560,114,750 shares held by Kitling Investments (BVI) Limited, representing 56.00% of the shareholding[87] - Directors Wen Tsz Kit Bondy and Chan Sau Ling Amy each have an interest in the same 560,114,750 shares, also accounting for 56.00% of the shareholding[94] - The share capital of Kitling (BVI) is beneficially owned by Mr. Wen and Ms. Chan as to 70% and 30% respectively[95] - There were no other interests or short positions of the Directors in the shares or underlying shares of the Company as of September 30, 2025[89] - The Company was successfully listed on the Main Board of the Stock Exchange on 18 March 2019, with net proceeds from the listing amounting to approximately HK$65.6 million[110] - As of 30 September 2025, a total of HK$43.6 million of the net proceeds had been utilized according to the allocation set out in the Company's announcement[110] Segment Information - The Group's operating segments include vessel chartering, ship management, and marine construction services, focusing on resource allocation and performance assessment[144] - The segment profit for the vessel chartering services was HK$25,793,000, ship management services was HK$6,655,000, and marine construction services was HK$17,952,000, totaling HK$50,400,000[150] - The Group's inter-segment revenue was HK$10,406,000, with total segment revenues amounting to HK$173,151,000[150] Other Financial Information - The Group incurred no capital expenditure during the six months ended September 30, 2025, compared to HK$3,110,000 in 2024[57] - No significant investments, acquisitions, or disposals of subsidiaries were made during the period[53] - As of September 30, 2025, there were no significant capital commitments[55] - The Group has not been awarded any tenancy for the shipyard sites tendered, but will continue to seek suitable opportunities[113]

2025/2026 中期報告 2 公司資料 中期報告 2025/2026 目錄 簡明綜合現金流量表 22 簡明綜合財務報表附註 24 公司資料 2 管理層討論及分析 3 企業管治及其他資料 13 簡明綜合全面收益表 17 簡明綜合財務狀況表 18 簡明綜合權益變動表 20 董事會 執行董事 Daniel Tay Kok Siong先生（「Daniel Tay先生」） 黃志達先生（「黃先生」） （行政總裁） 獨立非執行董事 霍志權先生 （主席） 楊文豪先生 陳秋燕女士（「陳女士」） 審核委員會 霍志權先生 （主席） 楊文豪先生 陳女士 薪酬委員會 陳女士 （主席） 楊文豪先生 霍志權先生 Daniel Tay先生 黃先生 提名委員會 楊文豪先生 （主席） 陳女士 霍志權先生 公司秘書 董穎怡女士 授權代表 黃先生 董穎怡女士 註冊辦事處 Cricket Square, Hutchins Drive P.O. Box 2681 Grand Cayman KY1-1111 Cayman Islands 總部及新加坡主要營業地點 10 Anson Road #34–05, International Plaza Si ...

Financial Performance - The company reported unaudited revenue of HKD 31,992,000 for the six months ended September 30, 2025, compared to HKD 9,209,000 for the same period in 2024, representing a significant increase of 247%[6]. - The net loss for the period was HKD 5,412,000, an improvement from a net loss of HKD 6,740,000 in the previous year, indicating a reduction in losses by approximately 20%[6]. - For the six months ended September 30, 2025, the company reported a total loss of HKD 6,740,000, compared to a loss of HKD 5,412,000 for the same period in 2024, indicating a year-over-year increase in losses of approximately 24.4%[9]. - The company reported a pre-tax loss of HKD 4,803,000 for the six months ended September 30, 2025, compared to a loss of HKD 6,493,000 for the same period in 2024[29]. - The loss attributable to owners of the company for the six months ended September 30, 2025, was approximately HKD 5.4 million, a decrease of approximately HKD 1.3 million or 19.7% from a loss of approximately HKD 6.7 million for the same period in 2024[66]. - Loss before tax for the six months ended September 30, 2025, was approximately HKD 4.8 million, a decrease of approximately HKD 1.7 million or 26.0% compared to the previous year[82]. Revenue Breakdown - Total revenue for the six months ended September 30, 2025, was HKD 31,992,000, a substantial increase of 248.5% compared to HKD 9,209,000 in the same period of 2024[15]. - Revenue from licensing and maintenance services reached HKD 17,070,000, up from HKD 5,092,000, reflecting a growth of 234.5% year-over-year[15]. - The company reported a significant increase in initial setup and customization services revenue, which rose to HKD 11,646,000 from HKD 495,000, indicating a growth of over 2,250%[15]. - The AI-driven solutions segment generated revenue of HKD 22,149,000 for the six months ended September 30, 2025, while the precious metals trading services segment contributed HKD 2,876,000[21]. - The AI-driven solutions segment generated revenue of approximately HKD 22.1 million, accounting for 69.2% of total revenue, reflecting the integration of AI algorithms and big data with existing data analysis techniques[69]. - Revenue from cryptocurrency sales was approximately HKD 0.4 million, accounting for 1.4% of total revenue[76]. - Revenue from the precious metal trading services segment decreased by approximately HKD 0.7 million to HKD 2.9 million, representing 9.0% of total revenue[76]. Assets and Liabilities - Total assets increased to HKD 124,596,000 as of September 30, 2025, compared to HKD 70,052,000 as of March 31, 2025, reflecting a growth of 78%[7]. - The company’s total liabilities increased significantly to HKD 34,690,000 from HKD 8,474,000, indicating a rise of 309%[8]. - The company’s total non-current assets as of September 30, 2025, were HKD 68,086,000, with intangible assets accounting for HKD 18,132,000[23]. - The company’s cash and cash equivalents increased to HKD 20,070,000 from HKD 18,232,000, showing a growth of 10%[7]. - The company’s non-current assets increased by HKD 9,216,000 as of September 30, 2025, compared to the previous period[23]. Share Capital and Equity - The company's equity attributable to owners rose to HKD 89,544,000 from HKD 61,230,000, marking an increase of 46%[8]. - The company raised HKD 33,710,000 from the placement of new shares during the financing activities, which contributed positively to the cash flow[10]. - As of September 30, 2025, the company has issued a total of 480,000,000 shares with a par value of HKD 0.01 per share, resulting in total issued capital of HKD 4,800,000[48]. - The company raised approximately HKD 33.7 million from a share placement completed on July 22, 2025[97]. - The weighted average number of ordinary shares issued increased to 431,038,000 shares in 2025 from 400,000,000 shares in 2024, indicating a 7.8% increase[33]. Employee and Operational Expenses - The company incurred costs of HKD 19,934,000 for subcontracting, which was a new expense category introduced this period[6]. - The company reported a decrease in employee benefit expenses to HKD 7,315,000 from HKD 8,859,000, a reduction of approximately 17%[6]. - The total employee benefits payable as of September 30, 2025, amounted to HKD 1,868,000, an increase from HKD 1,157,000 as of March 31, 2025[56]. - The total remuneration for key management personnel for the six months ended September 30, 2025, was HKD 1,750,000, compared to HKD 1,652,000 for the same period in 2024[61]. - Employee benefits expenses decreased by approximately HKD 1.6 million or 17.4% to HKD 7.3 million, mainly due to cost control measures in China[78]. Corporate Governance and Compliance - The company has adopted corporate governance practices based on the GEM Listing Rules, ensuring compliance with applicable governance codes[109]. - The company has established an audit committee as of March 29, 2019, to oversee financial reporting and internal controls[123]. - The audit committee consists of three independent non-executive directors, with 劉慧卿 serving as the chairperson[123]. - The financial statements for the six months ending September 30, 2025, have been reviewed by the audit committee[123]. - The company has adopted a strict code of conduct for securities trading in compliance with GEM listing rules[118]. Strategic Initiatives - The company has expanded its operational segments to include four reportable operating segments, up from two in the previous year, indicating strategic growth in its business model[17]. - The establishment of Da Jin Xiang AI Technology Co., Ltd. aims to focus on AI and advanced technology operations, leveraging the company's expertise in fintech[65]. - The company plans to strategically enter the Hong Kong securities trading market through the establishment of Da Xiang Securities International Co., Ltd., which is expected to complement existing precious metals trading services[68]. - The company aims to optimize its existing trading system, GES TX, enhancing advanced pricing engines and comprehensive trading functions[68]. Risks and Liabilities - The company has no significant capital commitments or contingent liabilities as of September 30, 2025[102]. - The company has no provisions for expected credit losses on trade receivables and contract assets for the six months ended September 30, 2025[90]. - The company has not implemented any foreign currency hedging policies but continuously monitors foreign exchange risks[89]. - The company maintains a cautious approach to managing liquidity risk, ensuring sufficient cash and bank balances to meet short-term needs[92].

Lotus Horizon Holdings Limited 智中國際控股有限公司 (incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) Stock Code 股份代號 : 6063 2025 INTERIM REPORT 中期報告 CONTENTS 目錄 Corporate Information 2 公司資料 | Management Discussion and Analysis | 6 | | --- | --- | | 管理層討論及分析 | | Unaudited Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 未經審核簡明綜合損益及其他全面收益表 Unaudited Condensed Consolidated Statement of Financial Position 26 未經審核簡明綜合財務狀況表 Unaudited Condensed Consolidated Statem ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 364,435,000, a decrease of 10.6% compared to HKD 407,664,000 in 2024[4] - Gross profit increased slightly to HKD 156,171,000, compared to HKD 154,149,000 in the previous year, reflecting a gross margin of 42.8%[4] - Operating loss narrowed to HKD 26,980,000 from HKD 40,973,000 year-on-year, indicating improved operational efficiency[4] - Net loss attributable to shareholders was HKD 23,554,000, a reduction from HKD 33,711,000 in the prior year, resulting in a loss per share of HKD 5.46[4] - Total revenue for the six months ended September 30, 2025, was HKD 364,435,000, down 10.6% from HKD 407,664,000 in 2024[20] - Advertising revenue decreased to HKD 159,158,000 in 2025 from HKD 189,688,000 in 2024, a decline of 16.1%[20] - The media segment generated revenue of HKD 232,856,000 in 2025, down from HKD 274,072,000 in 2024, a decrease of 15.0%[24] - The financial news and software segment reported revenue of HKD 133,562,000 in 2025, slightly down from HKD 135,584,000 in 2024, a decrease of 1.5%[24] - The company reported a loss of HKD 23,339,000 for the six months ended September 30, 2025, compared to a loss of HKD 33,611,000 in 2024, an improvement of 30.7%[24] - Basic loss per share was HKD 0.0545, compared to HKD 0.0781 in the previous year, reflecting a 30% decrease in shareholder loss[32][41] Assets and Liabilities - Total assets decreased to HKD 810,737,000 from HKD 855,622,000, primarily due to a reduction in current assets[8] - Total equity attributable to shareholders decreased to HKD 762,919,000 from HKD 807,788,000, reflecting the impact of the net loss[8] - Total trade receivables amounted to HKD 114,268,000, with a provision for impairment of HKD 3,938,000[35] - Total trade payables were HKD 17,799,000, showing a decrease from HKD 21,018,000 in the previous period[36] Cash Flow and Liquidity - Cash and cash equivalents increased to HKD 294,168,000 from HKD 251,157,000, indicating improved liquidity[7] - Operating cash flow for the six months ended September 30, 2025, was a net outflow of HKD 23,610,000, compared to a net outflow of HKD 46,317,000 for the same period in 2024, representing a 49% improvement[12] - Net cash generated from investing activities was HKD 91,960,000 for the six months ended September 30, 2025, compared to HKD 21,234,000 in 2024, indicating a significant increase[12] - Cash and cash equivalents at the end of the period increased to HKD 294,168,000 from HKD 152,846,000 in 2024, reflecting a growth of 92.5%[12] Dividends - The company paid a final dividend of HKD 21,580,000 to shareholders, down from HKD 30,212,000 in 2024, a reduction of 28.7%[12] - The company declared an interim dividend of HKD 0.03 per share, totaling HKD 12,948,000, consistent with the previous year[33] - The interim dividend declared is HKD 0.03 per share, totaling HKD 12.948 million, consistent with the previous year[54] Governance and Compliance - The company has adopted the corporate governance code and has established a clear division of roles between the chairman and the CEO, although both roles are held by Mr. Feng Shaobo[65] - The Audit Committee, established in 2005, reviewed the unaudited interim results for the six months ending September 30, 2025, ensuring compliance with financial regulations[68] - The company has a Compensation Committee and a Nomination Committee, both established in 2005, to oversee executive remuneration and board member nominations respectively[69][70] - The company confirms that all directors have complied with the securities trading regulations during the six months ending September 30, 2025[67] - No arrangements were made for directors or senior management to benefit from the purchase of shares or related securities during the reporting period[61] - The company’s governance structure includes experienced non-executive directors to ensure balanced power distribution within the board[65] Employment and Shareholding - The group had a total of 939 employees as of September 30, 2025, down from 1,054 employees the previous year[53] - As of September 30, 2025, the company has issued shares totaling 100% ownership, with significant holdings by directors: Mr. Feng Shaobo holds 54,359,000 shares (12.595%) and Mr. Zhu Yulun holds 87,435,000 shares (20.258%)[58] - Major shareholders include Sky Vision Investments Limited with 87,435,000 shares (20.258%), Guangzheng Xin Yan Charity Foundation Limited with 58,169,000 shares (13.478%), and Golden Rooster Limited with 54,359,000 shares (12.595%)[63] - The company did not repurchase any shares during the six months ending September 30, 2025, nor did it buy or sell any shares[64] Strategic Initiatives - The group plans to continue investing in digital platforms and artificial intelligence to enhance business innovation and operational efficiency[52] Other Comprehensive Income - Other comprehensive income included a foreign currency translation gain of HKD 265,000, compared to HKD 342,000 in the previous year[5]

StarGlory Holdings Company Limited 榮暉控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：8213） 截至二零二五年九月三十日止六個月 中期報告 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作出投資決定。 由於GEM上市公司通常為中小型公司，在GEM買賣的證券可能會較於主板買 賣之證券承受較大之市場波動風險，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報告之內容概不負責，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之任何損失承擔任何責任。 本報告的資料乃遵照《聯交所GEM證券上市規則》（「GEM上市規則」）而刊載，旨 在提供有關榮暉控股有限公司（「本公司」）之資料。本公司的董事（「董事」）願就 本報告的資料共同及個別承擔全部責任。各董事在作出一切合理查詢後，確認 就其所知及所信，本報 ...

Asia-express Logistics Holdings Limited 亞洲速運物流控股有限公司 （於開曼群島註冊成立的有限公司） 股份代號：8620 2025/2026 中期報告 亞洲速運物流控股有限公司 INTERIM REPO Asia-express Logistics Holdings Limited 亞洲速運物流控股有限公司 (incorporated in the Cayman Islands with limited liability) Stock code: 8620 INTERIM REPORT 2025/2026 Asia-express Logistics Holdings Limited 董事會 RT 2025/2026 中期報告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提供一個 上市之市場。有意投資者應了解投資於該等公司之潛在風險，並應經過審慎周詳之考慮後方 作出投資決定。 由於GEM上市公司一般是中小型公司，在GEM買賣之證券可能會較於主板買賣之證券承受 較大之市場波動風險，同時無法保證在 ...

二零二五年中期業績報告 Interim Report 2025 (incorporated in the Cayman Islands with limited liability) (Stock Code: 8060) GLOBAL LINK COMMUNICATIONS HOLDINGS LIMITED 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聯交所上市的 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，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市場。 GLOBAL LINK COMMUNICATIONS HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） （股票編號:8060） 香港交易及結算所有限公司及聯交所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，並表明不會就因本報告全部或任何部分內容而產生或因依賴該等內容而引 致 ...

股份代號：277 STOCK CODE: 277 2025/2026 中期報告 2025/2026 INTERIM REPORT 公司資料 董事會 執行董事 陳恩蕙 （聯席主席兼聯席董事總經理） 陳恩霖 （聯席主席兼聯席董事總經理） 陳恩典 獨立非執行董事 陳國偉 張頌慧 謝禮恒 審核委員會 陳國偉 （主席） 張頌慧 謝禮恒 薪酬委員會 陳國偉 （主席） 陳恩典 謝禮恒 提名委員會 陳國偉 （主席） 陳恩蕙 謝禮恒 來往銀行 瑞銀集團 恒生銀行有限公司 東亞銀行有限公司 南洋商業銀行有限公司 註冊辦事處 香港 皇后大道中237號 太興中心第一座26樓 股份過戶登記處 香港中央證券登記有限公司 香港灣仔 皇后大道東183號合和中心 17樓1712-1716室 公司秘書 李嘉文ACG、HKACG 核數師 國衛會計師事務所有限公司 香港中環 畢打街11號置地廣場 告羅士打大廈31樓 律師 胡關李羅律師行 網址 www.tern.com.hk 股份代號 277 – 1 – 太興置業有限公司（「本公司」）董事會謹此公佈，本公司及其附屬公司（「本集團」）截至二零二 五年九月三十日止六個月未經審核之簡明綜合財務業績連同上年 ...

2025 Interim Report 中期報告 CHARACTERISTICS OF GEM OF THE STOCK EXCHANGE OF HONG KONG LIMITED (THE "STOCK EXCHANGE") GEM has been positioned as a market designed to accommodate small and mid-sized companies to which a higher investment risk may be attached than other companies listed on the Stock Exchange. Prospective investors should be aware of the potential risks of investing in such companies and should make the decision to invest only after due and careful consideration. Page 頁碼 | Corporate Information | ...