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， 對其準確性或完備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依賴該等內容而引致之任何損失承擔任何責任。 Gemilang International Limited 彭順國際有限公司 （於開曼群島註冊成立之有限公司） （股份代號：6163） 截至二零二五年十月三十一日止年度之 年度業績公告 財務摘要 － 本年度之每股基本及攤薄虧損為0.16美分（二零二四年：0.41美分）。 3 綜合財務狀況表 1 － 收益由截至二零二四年十月三十一日止年度約22.96百萬美元增加至本年 度約25.97百萬美元。有關增加源於銷售車身及套件以及銷售部件及提供相 關服務所得之收益增加。 － 本集團於本年度錄得虧損約0.44百萬美元（二零二四年：1.03百萬美元）。 本年度之虧損較截至二零二四年十月三十一日止年度有所減少，主要可歸 因於貿易及其他應收款項之減值虧損撥備淨額減少，以及銷售車身及套件 之銷售額增加。 年度業績 彭順國際有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其 附屬公司（統稱「本集團」） ...

China Next-Gen Commerce and Supply Chain Limited 中國新零售供應鏈集團有限公司 股份代號：3928 （於開曼群島註冊成立的有限公司） 2025 年 報 Stock Code: 3928 (Incorporated in the Cayman Islands with limited liability) China Next-Gen Commerce and Supply Chain Limited Annual China Next-Gen Commerce and Supply Chain Limited 中國新零售供應鏈集團有限公司 2025 ANNUAL REPORT Report 2025 年報 中國新零售供應鏈集團有限公司 C M Y CM MY CY CMY K China Next-Gen Commerce and Supply Chain AR2025 Cover V03A_20.5mm_OP.pdf 1 16/1/2026 17:47 目錄 | 4 | 主席報告 | | --- | --- | | 6 | 管理層討論及分析 | | 17 | ...

( Stock Code 股份代號：1470 (Incorporated in the Cayman Islands with limited liability) 於開曼群島註冊成立的有限公司) 2025/26 INTERIM REPORT 中期報告 CONTENTS 目錄 2 Corporate Information 公司資料 5 Chairman's Statement 主席報告 8 Management Discussion and Analysis 管理層討論及分析 12 Corporate Governance and Other Information 企業管治及其他資料 17 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 簡明綜合損益及其他全面收益表 18 Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 20 Condensed Consolidated Statement of Changes ...

Revenue Performance - Revenue for the six months ended 31 October 2025 decreased to approximately HK$75.40 million, down 53.30% from approximately HK$161.44 million for the same period in 2024[10]. - The Group's total revenue decreased by approximately HK$86.04 million or about 53.30% from approximately HK$161.44 million for the six months ended 31 October 2024 to approximately HK$75.40 million for the six months ended 31 October 2025[23]. - Revenue from slope works decreased by approximately 60.00%, from approximately HK$161.15 million in 2024 to approximately HK$64.46 million in 2025[19]. - Revenue from foundation works increased significantly by approximately 3,675.86%, from approximately HK$0.29 million in 2024 to approximately HK$10.95 million in 2025[20]. - Revenue from slope works decreased from approximately HK$161.15 million to approximately HK$64.46 million, a decline of about 60.00%, primarily due to a reduction in the number of slope works projects[23]. - Revenue from foundation works increased from approximately HK$0.29 million to approximately HK$10.95 million, an increase of approximately 3,675.86%, attributed to a rise in the number of foundation works projects[23]. - Total revenue for the six months ended 31 October 2025 was HK$75,403,000, down from HK$161,439,000 in the same period of 2024, representing a decline of approximately 53.3%[119]. Financial Losses - Loss attributable to owners of the Company for the Reporting Period was approximately HK$2.26 million, compared to a loss of HK$0.046 million in 2024[10]. - Basic loss per share for the Reporting Period was approximately HK0.143 cents, an increase from HK0.003 cents in 2024[10]. - The loss before taxation for the six months was HK$2,255,000, compared to a profit of HK$353,000 in the previous year[89]. - The total comprehensive loss for the period was HK$2,255,000, significantly higher than the loss of HK$46,000 in 2024[89]. - The Group reported a net loss of approximately HK$2,255,000 for the six months ended 31 October 2025[113]. Operating Environment - The Group is facing a challenging operating environment due to rising subcontracting costs and intense competition, which is expected to pressure profit margins[17]. - The Directors remain cautiously optimistic about the slope works industry in Hong Kong despite the current challenges[14]. - The overall revenue decrease was primarily attributed to a reduction in slope works projects undertaken[18]. Cash Flow and Liquidity - As of 31 October 2025, the Group's cash at banks and in hand amounted to approximately HK$19.89 million, a decrease of approximately HK$16.15 million from approximately HK$36.04 million as of 30 April 2025[37]. - The cash inflow from new borrowings raised amounted to HK$1,571,000[98]. - The Group's financing activities resulted in a net cash outflow of HK$20,229,000, compared to a net inflow of HK$2,525,000 in the previous year[98]. - Operating cash inflow for the same period was approximately HK$4,081,000, indicating some improvement in cash flow management[114]. Equity and Liabilities - The Group's equity attributable to owners was approximately negative HK$23.89 million as of 31 October 2025, compared to approximately negative HK$21.63 million as of 30 April 2025[36]. - The gearing ratio as of 31 October 2025 was negative approximately 151.90%, an improvement from negative approximately 257.37% as of 30 April 2025[39]. - Current assets decreased to HK$32,144,000 as of 31 October 2025, down from HK$62,324,000 as of 30 April 2025[92]. - Current liabilities were HK$56,315,000, a reduction from HK$84,331,000 as of 30 April 2025[92]. - The net current liabilities increased to HK$24,171,000 as of 31 October 2025, compared to HK$22,007,000 as of 30 April 2025[92]. - The Group's total deficit as of 31 October 2025 was HK$23,888,000, worsening from HK$21,633,000 as of 30 April 2025[92]. Governance and Compliance - The Company complied with the Corporate Governance Code, except for the absence of a chairman to hold meetings with independent non-executive directors[73]. - The Audit Committee consists of three independent non-executive Directors, with Mr. Fu Yan Ming as the chairman, who has appropriate qualifications in accounting[82]. - No competing interests were reported among directors, controlling shareholders, or substantial shareholders during the period[70]. Dividends and Share Options - The Board does not recommend the payment of an interim dividend for the Reporting Period[10]. - The Board did not recommend any payment of dividends for the six months ended October 31, 2025, consistent with the previous year[80]. - There were no share options granted under the share option scheme as of 31 October 2025[85]. - The company does not recommend the payment of an interim dividend for the six months ending October 31, 2025, consistent with the previous year[141]. Employee Costs - Total employee costs for the period amounted to HKD 1.82 million, determined based on market levels and individual performance[57]. - Total staff costs for the period were HK$1,815,000, down from HK$1,881,000, indicating a reduction in personnel expenses[135]. - The remuneration for key management personnel, including salaries and allowances, totaled HK$1,201,000 for the six months ended 31 October 2025, consistent with the previous year[174]. Trade and Receivables - Trade receivables from customers decreased to HK$8.566 million as of October 31, 2025, from HK$11.910 million as of April 30, 2025[148]. - The ageing analysis of trade receivables shows that all receivables are within 30 days as of October 31, 2025, totaling HK$8.566 million[151]. - Trade payables decreased to HK$10.628 million as of October 31, 2025, from HK$20.984 million as of April 30, 2025[156]. Other Financial Information - The financial statements are prepared in accordance with Hong Kong Accounting Standards and applicable GEM Listing Rules[103]. - No provision for Hong Kong Profits Tax was made for the period as there were no assessable profits[138]. - The estimated Hong Kong profits tax for the company during the period is 16.5%, with no taxable profits generated in Hong Kong, resulting in no provision for profits tax for the period ending October 31, 2025[140]. - There were no significant events reported after the end of the reporting period[175].

Financial Performance - The company's unaudited revenue for the six months ended October 31, 2025, was approximately HKD 128.7 million, a decrease of 5.4% compared to HKD 136.1 million in the same period last year[6]. - Profit attributable to the company's owners for the same period was approximately HKD 3.9 million, down 29.1% from HKD 5.5 million in the previous year[14]. - Revenue from the toy business decreased significantly by 23.2% to approximately HKD 82.8 million, compared to HKD 107.8 million in the previous year[7]. - Revenue from the laboratory equipment business increased by 62.2% to approximately HKD 45.9 million, up from HKD 28.3 million in the previous year, driven by a large-scale upgrade plan implemented by the Chinese government[7]. - Gross profit decreased by 8.0% to approximately HKD 21.8 million, with a gross margin of 16.9%, down from 17.4% in the previous year[9]. - Operating profit decreased to HKD 4,740 thousand, a decline of 29.0% from HKD 6,688 thousand in the previous year[22]. - Net profit for the period was HKD 3,850 thousand, down 15.5% from HKD 4,557 thousand in 2024[22]. - The net profit attributable to the company's owners was HKD 3,850,000, a decline of 30.6% from HKD 5,545,000 in the prior period[58]. Expenses and Costs - Selling and distribution expenses decreased by 7.9% to approximately HKD 5.8 million, reflecting a reduction in employee costs related to sales representatives[10]. - Administrative expenses decreased by 4.5% to approximately HKD 10.5 million, primarily due to reduced employee costs and other fixed indirect expenses[11]. - The group incurred total expenses of HKD 123,244,000, a slight decrease from HKD 129,746,000 in the previous period[53]. - The company incurred office operating lease expenses of HKD 720,000 for the six months ended October 31, 2025, compared to HKD 600,000 for the same period in 2024, reflecting an increase of 20%[71]. Cash Flow and Financial Position - The net cash flow from operating activities for the six months ended October 31, 2025, was HKD 3,934,000, a significant improvement from a net cash outflow of HKD 1,435,000 in the same period last year[33]. - Cash and cash equivalents at the end of the period increased to HKD 9,357,000 from HKD 2,297,000, marking a substantial rise of 308%[33]. - The company incurred a net cash outflow of HKD 1,397,000 from investing activities, which is an improvement compared to HKD 2,086,000 in the prior year[33]. - The company’s financing activities resulted in a net cash outflow of HKD 152,000, a significant reduction from HKD 1,499,000 in the previous period[33]. - The net cash inflow for the period was HKD 438,000, up from HKD 320,000 in the previous year, indicating improved cash flow management[74]. Assets and Liabilities - The company’s total assets increased to HKD 64,848 thousand as of October 31, 2025, compared to HKD 53,666 thousand as of April 30, 2025[25]. - Current liabilities rose to HKD 39,954 thousand, an increase from HKD 31,494 thousand in the previous period[27]. - Total liabilities were HKD 42,672,000, up from HKD 35,302,000 as of April 30, 2025[50]. - Total liabilities rose to HKD 20,690,000 as of October 31, 2025, from HKD 16,751,000 as of April 30, 2025, indicating a 23% increase[75]. - The accumulated losses decreased to HKD 73,342,000 from HKD 78,887,000, indicating a reduction of approximately 7.1%[31]. Investments and Projects - The company signed and completed a cooperation project with the Hubei Provincial Development and Reform Commission, with an order amount exceeding RMB 20 million[19]. - The company also won a national reform project in Hainan Province, with a booking amount of approximately RMB 19 million[19]. - The company plans to focus on laboratory renovation projects in Anhui, Shanxi, and Qinghai provinces in the next phase[19]. Market and Strategic Outlook - The company anticipates ongoing challenges due to U.S. tariffs and global geopolitical tensions, but remains committed to expanding its global product range and sales[17]. - The company has not entered into any foreign currency hedging financial instruments as of October 31, 2025[16]. - The Americas contributed HKD 42,755,000 to revenue, a significant decrease from HKD 69,803,000 in the prior year[52]. Shareholder Information - Basic and diluted earnings per share for the period were HKD 0.4, down from HKD 0.6 in 2024[24]. - The company did not declare or pay any dividends for the six months ended October 31, 2025[60]. - The company has not declared any interim dividends for the six months ended October 31, 2025[81]. Accounting and Financial Management - The company has not adopted new accounting standards that will have a significant impact on its financial performance for the current and prior periods[39]. - The financial risk management policies have remained unchanged since the last reporting period, indicating stability in the company's approach to managing financial risks[44]. - The company reported a net finance cost of HKD 5,000 for the period, compared to a net finance income of HKD 83,000 in the previous year[48][49]. Other Information - There were no significant events after the reporting date of October 31, 2025[83]. - No significant investments were held by the group other than investments in subsidiaries as of October 31, 2025[80]. - The company has not engaged in any purchase, sale, or redemption of its listed securities during the reporting period[79].

目 錄 公司資料 1 簡明綜合收益表 2 簡明綜合全面收益表 3 簡明綜合財務狀況表 4 簡明綜合權益變動表 5 簡明綜合現金流量表 6 簡明綜合中期財務報表附註 7 管理層論述及分析 17 其他資料 24 獨立非執行董事 葛根祥先生 陳超英先生 徐美玲女士 審核委員會 陳超英先生 （主席） 葛根祥先生 徐美玲女士 1 CEC 國際控股有限公司 中期報告 2025/2026 公司資料 董事 執行董事 鄧鳳群女士 （主席兼董事總經理） 林國仲先生 （副董事總經理） 何萬理先生 薪酬委員會 葛根祥先生 （主席） 鄧鳳群女士 陳超英先生 徐美玲女士 提名委員會 鄧鳳群女士 （主席） 葛根祥先生 陳超英先生 徐美玲女士 公司秘書 何詠儀女士 主要往來銀行 香港上海滙豐銀行有限公司 中國銀行（香港）有限公司 註冊辦事處 Victoria Place, 5th Floor 31 Victoria Street Hamilton HM 10 Bermuda 總辦事處及主要營業地點 香港 九龍觀塘 巧明街110號 興運工業大廈2樓 中國內地總部 中國 廣東省 中山市 東鳳鎮 永安路立新街 核數師 羅兵咸永道會計師事務所 執業 ...

Financial Performance - The unaudited total revenue for the year ended December 31, 2024, was RMB 5,055,598, a decrease of 6.8% compared to RMB 5,424,284 for the year ended December 31, 2023[5] - The gross profit for the year was RMB 936,605, down 34.9% from RMB 1,438,478 in the previous year, resulting in a gross margin of 18.5%, a decline of 8.0 percentage points[5] - The net loss for the year was RMB 875,645, compared to a profit of RMB 507,858 in the previous year, representing a decrease of 272.4%[6] - The basic and diluted loss per share for the year was RMB (0.96), compared to earnings of RMB 0.52 in the previous year, marking a decline of 284.6%[7] - The total expenses for the year amounted to RMB 4,971,241,000 in 2024, an increase from RMB 4,631,528,000 in 2023, marking a rise of approximately 7.4%[20] - The company reported a net loss of approximately RMB 875.6 million for 2024, a decline of about 272.4% compared to a profit of RMB 507.9 million in 2023[77] Revenue Breakdown - Revenue from property management services was RMB 3,575,950, a slight increase of 0.6% from RMB 3,555,106 in the previous year[5] - Revenue from community value-added services decreased by 9.9% to RMB 1,184,806 from RMB 1,314,308 in the previous year[5] - Revenue from developer value-added services saw a significant decline of 46.9%, falling to RMB 294,842 from RMB 554,870[5] - Community value-added services revenue decreased by approximately 9.9% to RMB 1,184.8 million in 2024 from RMB 1,314.3 million in 2023, representing about 23.4% of total revenue[66] - Developer value-added services revenue fell by approximately 46.9% to RMB 294.8 million in 2024 from RMB 554.9 million in 2023, accounting for about 5.8% of total revenue[67] Assets and Liabilities - Total assets as of December 31, 2024, were RMB 5,475,045, down from RMB 6,682,643 in the previous year[8] - The total equity attributable to the owners of the company decreased to RMB 1,880,636 from RMB 2,903,765 in the previous year[8] - The total liabilities as of December 31, 2024, amounted to RMB 3,421,802 thousand, a slight increase from RMB 3,391,435 thousand in 2023[9] - Current liabilities totaled RMB 3,301,351 thousand, reflecting an increase of 4.6% from RMB 3,155,392 thousand in 2023[9] - Non-current liabilities decreased significantly to RMB 120,451 thousand from RMB 236,043 thousand, a reduction of 48.9%[9] - The total equity and liabilities amounted to RMB 5,475,045 thousand, down from RMB 6,682,643 thousand in 2023, a decrease of 18.0%[9] Cash Flow and Liquidity - Cash and cash equivalents increased to RMB 2,141,751 from RMB 1,927,283 in the previous year, indicating improved liquidity[8] - The company’s cash and cash equivalents interest income increased to RMB 17,766,000 in 2024 from RMB 15,912,000 in 2023, a growth of approximately 11.6%[22] - The company has a significant amount of restricted cash amounting to RMB (53,308,000) in 2024, indicating potential liquidity constraints[41] - As of December 31, 2024, the total cash and cash equivalents held by the group amounted to RMB 2,195,059,000, an increase from RMB 1,927,283,000 as of December 31, 2023[87] Tax and Other Income - Current income tax expense for China decreased significantly to RMB 88,656,000 in 2024 from RMB 171,580,000 in 2023, a decline of about 48.3%[23] - Other income increased to RMB 69,598,000 in 2024, up from RMB 50,973,000 in 2023, representing a growth of about 36.5%[21] - The income tax expense for 2024 was approximately RMB 71.4 million, a decrease of about 48.2% compared to RMB 137.7 million in 2023[75] Shareholder Information - The company declared dividends totaling RMB 259,975,000 for 2024, an increase from RMB 150,054,000 in 2023, with the company’s own declared dividends at RMB 178,623,000 compared to RMB 139,413,000 previously[46] - The board did not recommend a final dividend for the year ended December 31, 2024, compared to a dividend of RMB 0.205 per share for 2023[92] Strategic Focus and Future Outlook - The company continues to focus on property management and value-added services primarily in China, with all non-current assets located in the same region[17] - The company is focusing on enhancing its property management services, which are expected to drive revenue growth in the upcoming fiscal periods[36] - The company anticipates that its core business will continue to grow, albeit at a potentially slower pace, while emphasizing customer satisfaction as a key performance indicator[56] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, is responsible for reviewing the company's financial reporting system and risk management[101] - The company has confirmed compliance with the standards set out in the listing rules regarding securities trading by directors for the year ended December 31, 2024[96] - The company has adopted a stock option plan to reward directors and employees for their contributions, which expired on October 19, 2024, with no options granted in the year ended December 31, 2024[98]

Compensation - The total compensation for Mr. Shen, the acting CEO for the year ended December 31, 2016, was RMB 141,000, which includes a salary of RMB 117,000 and retirement plan contributions of RMB 24,000[3] Governance Structure - The board of directors consists of eight members, including three executive directors and three independent non-executive directors, ensuring a diverse governance structure[4] Disclosure Accuracy - The company confirms that all information disclosed in the announcement is accurate and complete, with no misleading or fraudulent elements[4]

Remuneration Overview - The total remuneration for the eight directors and executives for the year ended December 31, 2020, amounted to RMB 4,993,000, a decrease from RMB 4,796,000 in 2019[8]. - The total remuneration for the eleven directors and executives for the year ended December 31, 2019, was RMB 4,796,000[6]. - The number of directors and executives receiving remuneration increased from 11 in 2019 to 8 in 2020[8]. Highest Paid Employees - The highest paid employee in 2020 received a total compensation of RMB 2,866,000, which includes a salary of RMB 1,904,000 and a performance bonus of RMB 954,000[10]. - The company had a total of 5 highest-paid employees in 2020, including two directors and one CEO[10]. - The total remuneration for the CEO in 2020 was RMB 1,111,000, which included a salary of RMB 1,098,000 and retirement benefits of RMB 13,000[8]. Executive Directors' Remuneration - The remuneration for the executive directors in 2020 included a total of RMB 1,018,000 for each of the three executive directors[8]. - The company disclosed that the remuneration for the executive directors is for their management services to the company and its group[8]. Board Composition - The board of directors is composed of executive directors including Mr. Hu Zheng and Mr. Hu Han Cheng, with Mr. Hu Jian Jun as an alternate director[11]. - The board also includes non-executive director Ms. Hu Jian Wen and independent non-executive directors Mr. Au Yeung Po Fung, Mr. Chung Kwok Wu, and Mr. Liu Huai Jing[11]. Resignations and Compensation - There were no resignations or waivers of remuneration by the CEO or any directors during the years ended December 31, 2019, and December 31, 2020[9]. - The company reported no compensation for the five highest-paid individuals as an incentive for joining or as severance pay during the year ended December 31, 2020[10].

Revenue and Profitability - Revenue for the six months ended October 31, 2025, was HKD 22,851,000, representing a 11.9% increase from HKD 20,424,000 in the same period of 2024[5] - The company reported a net profit of HKD 124,000 for the period, a decrease of 79.6% compared to HKD 608,000 in the previous year[5] - Revenue from Canada was HKD 18,326,000, up from HKD 14,299,000 in the previous year, indicating a growth of 28.3%[17] - The company's revenue for the six months ended October 31, 2025, was approximately HKD 22.9 million, an increase of about HKD 2.5 million or 12.3% compared to HKD 20.4 million for the same period in 2024[40] - The group's profit before tax decreased by approximately HKD 0.5 million or 83.33% to about HKD 0.1 million for the six months ending October 31, 2025, despite an increase in gross profit and a reduction in administrative expenses[50] - The net profit for the same period dropped by approximately HKD 0.5 million or 83.33%, resulting in a net profit margin decrease from approximately 3.0% to about 0.4%[52] Gross Profit and Cost Management - Gross profit increased to HKD 5,884,000, up 20.3% from HKD 4,888,000 year-on-year[5] - The company reported a gross profit of HKD 5,884,000 for the six months ended October 31, 2025, compared to HKD 4,888,000 for the same period in 2024, reflecting a gross profit margin increase[24] - The cost of sales for the period was HKD 16,967,000, compared to HKD 15,536,000 in the previous year, showing an increase of 9.2%[24] - The cost of sales increased by approximately HKD 1.5 million or 9.7% to HKD 17.0 million for the six months ended October 31, 2025, from HKD 15.5 million in the same period last year[44] - Employee benefits expenses, including directors' remuneration, decreased to HKD 3,465,000 from HKD 4,426,000, a reduction of 21.7%[24] - Selling and distribution expenses decreased by approximately HKD 0.1 million or 20.0% to HKD 0.4 million due to reduced shipping costs[47] - Administrative expenses decreased by approximately HKD 0.7 million or 13.2% to HKD 4.6 million, mainly due to reductions in employee costs and legal fees[48] - Financing costs decreased to HKD 347,000 from HKD 392,000, reflecting better cost management[5] - Financing costs decreased by approximately HKD 0.1 million or 20.0% to HKD 0.3 million, maintaining relative stability in bank borrowings and lease liabilities[49] Cash Flow and Financial Position - Cash and cash equivalents at the end of the period rose to HKD 23,552,000, compared to HKD 16,106,000 at the beginning of the period[10] - Operating cash flow for the six months was HKD 8,272,000, down from HKD 9,949,000 in the same period last year[10] - The group's cash and bank balances increased to approximately HKD 23.6 million as of October 31, 2025, compared to HKD 16.1 million on April 30, 2025[54] - The current ratio as of October 31, 2025, was 1.8 times, slightly up from 1.7 times on April 30, 2025[54] - As of October 31, 2025, the debt-to-equity ratio was 93.2%, down from 102.6% on April 30, 2025[53] Assets and Liabilities - Total assets amounted to HKD 51,179,000, slightly up from HKD 51,106,000 as of April 30, 2025[6] - The company's equity increased to HKD 16,765,000 from HKD 15,957,000 at the end of the previous reporting period[6] - Trade receivables increased significantly to HKD 1,505,000 from HKD 619,000, indicating improved sales performance[6] - Trade receivables as of October 31, 2025, were HKD 34,246,000, an increase from HKD 32,999,000 as of April 30, 2025[30] - Trade payables increased to HKD 4,121,000 as of October 31, 2025, compared to HKD 3,504,000 as of April 30, 2025[33] - Trade receivables from major customers accounted for 80.2% of total trade receivables, significantly up from 38.8% in the previous year, indicating increased reliance on key clients[19] Foreign Exchange and Other Income - The company recorded a foreign exchange gain of HKD 684,000 during the period, contributing to total comprehensive income of HKD 808,000[7] - The group recorded a foreign exchange gain of approximately HKD 0.3 million for the six months ending October 31, 2025, compared to a gain of approximately HKD 0.2 million for the same period in 2024[59] - Other income and gains decreased by approximately HKD 19,000 or 95% to HKD 1,000, primarily consisting of interest income[46] Dividends and Corporate Governance - The company did not declare any dividends during the reporting period, consistent with the previous year[27] - The board decided not to declare an interim dividend for the six months ending October 31, 2025[61] - The company has not reported any significant changes in accounting policies that would materially affect the financial statements for the current period[15] - The company continues to focus on the design, manufacturing, and trading of LED lighting products, with no new business segments reported[16] - There were no significant investments, acquisitions, or disposals of subsidiaries or capital assets during the six months ending October 31, 2025[57] - The company has adopted a share option scheme to reward eligible employees for their contributions[58] - The company has adopted the trading code as per GEM Listing Rules 5.48 to 5.67, confirming compliance with the trading code for the six months ending October 31, 2025[69] - The stock option plan, effective from November 16, 2017, allows for the granting of 50,000,000 stock options, with no options granted since its adoption[70] - The audit committee, established on October 24, 2017, consists of three independent non-executive directors responsible for reviewing financial information and risk management[71] - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ending October 31, 2025[72]