Revenue and Profitability - For the six months ended September 30, 2025, the company reported total revenue of approximately SGD 23.0 million, a decrease of about SGD 1.1 million compared to SGD 24.1 million for the same period in 2024[10]. - The decrease in revenue was primarily due to an increase in gas pipeline project revenue by approximately SGD 9.3 million, a decrease in water pipeline project revenue by approximately SGD 12.1 million, and an increase in construction and engineering service revenue by approximately SGD 1.8 million[10]. - The group's revenue for the first half of 2026 decreased by approximately 1.1 million SGD or 4.3% to about 23.0 million SGD compared to the first half of 2025, which was approximately 24.1 million SGD[15]. - The gross profit for the first half of 2026 was approximately 2.5 million SGD, a decrease of about 0.2 million SGD from approximately 2.7 million SGD in the first half of 2025, resulting in a gross margin of 10.7%[16]. - Revenue for the six months ended September 30, 2025, was SGD 23,023,000, a decrease of 4.3% from SGD 24,056,000 in the same period of 2024[80]. - Gross profit for the same period was SGD 2,463,000, down from SGD 2,700,000, reflecting a decline of 8.8%[80]. - Operating loss for the six months was SGD 6,563,000, an improvement from SGD 9,089,000 in the previous year, indicating a reduction of 27.7%[80]. - Loss before tax decreased to SGD 7,095,000 from SGD 9,676,000, representing a 26.8% improvement[80]. Project and Contract Information - The company secured 2 new gas pipeline projects and 2 new water pipeline projects during the reporting period, with a total contract value of approximately SGD 30.7 million[10]. - The group has eight ongoing gas pipeline projects and eight ongoing water pipeline projects with a total contract value of approximately 143.7 million SGD, of which about 96.5 million SGD has been recognized as revenue as of September 30, 2025[12]. - The group anticipates that all ongoing projects are progressing according to schedule and will not incur any liabilities to third parties[12]. - The total unfulfilled performance obligations related to construction contracts amounted to 41,247 thousand SGD as of September 30, 2025, with 5,316 thousand SGD expected to be recognized as revenue within one year[105]. Financial Position and Assets - Total assets as of September 30, 2025, amounted to SGD 133,656,000, an increase from SGD 128,373,000 as of March 31, 2025[83]. - The group's net current assets increased to approximately SGD 66.1 million from SGD 60.0 million, with cash and bank balances rising to approximately SGD 16.6 million from SGD 8.6 million[30]. - Trade receivables decreased to SGD 43,675,000 from SGD 49,607,000, a decline of 12.0%[83]. - The total contract assets amounted to 19,991 thousand SGD as of September 30, 2025, up from 15,338 thousand SGD in 2024, indicating a growth of 30.1%[104]. - The company reported a net book value of intangible assets at 49 thousand SGD as of September 30, 2025, down from 65 thousand SGD as of March 31, 2025, representing a decline of 24.6%[118]. Expenses and Losses - Administrative expenses for the first half of 2026 were approximately 10.1 million SGD, down from about 14.3 million SGD in the first half of 2025, primarily due to reduced employee costs and professional fees[20]. - The group recorded a loss of approximately 7.1 million SGD in the first half of 2026, an improvement of about 2.5 million SGD compared to a loss of approximately 9.6 million SGD in the first half of 2025[23]. - Employee compensation for the first half of 2026 was approximately SGD 8.9 million, compared to SGD 9.4 million in the first half of 2025[32]. - The company incurred a loss of 7,051 thousand SGD during the period, contributing to a cumulative loss of 12,752 thousand SGD by September 30, 2025[86]. Cash Flow and Financing - Cash generated from operating activities for the six months ended September 30, 2025, was 314 thousand SGD, a significant decrease from 7,045 thousand SGD in the same period of 2024[88]. - The company reported a net cash inflow from investing activities of 4,002 thousand SGD, compared to a net outflow of 6,601 thousand SGD in the previous year[89]. - The company’s cash and cash equivalents increased significantly to 13,931 thousand SGD by September 30, 2025, up from 4,395 thousand SGD at the beginning of the period[89]. - The financial costs decreased from approximately 587,000 SGD in the first half of 2025 to about 532,000 SGD in the first half of 2026 due to a reduction in average borrowings[22]. - The company’s total liabilities decreased from 6,684 thousand SGD to 21,688 thousand SGD, indicating a significant increase in non-controlling interests[86]. Shareholder Information and Equity - The board has decided not to declare any interim dividend for the first half of 2026, consistent with the previous year[24]. - The company issued 566,720,000 shares in a rights issue, raising approximately 100.2 million HKD net proceeds[131]. - The company completed the issuance of 28,336,000 subscription shares, raising approximately 5.617 million HKD net proceeds[131]. - The total equity rose to SGD 89,372,000 from SGD 82,416,000, reflecting an increase of 8.5%[85]. - As of September 30, 2025, Liu Jianfu holds 56,150,000 shares, representing 7.62% of the company's issued shares[51]. Employee and Share Option Plans - The company had a total of 418 employees as of September 30, 2025, down from 501 employees as of March 31, 2025[32]. - A total of 92,000,000 share options were granted under the share option plan as of May 4, 2022, fully utilizing the existing plan authorization limit[62]. - The revised share option plan allows for a maximum issuance of 110,400,000 shares, which is 10% of the issued shares as of the special general meeting date[62]. - The company granted a total of 110,400,000 share options to twelve employees on June 15, 2023, with a fair value of approximately SGD 5.1 million[68]. - The share options granted are valid for a period of three years from June 15, 2023, with a vesting period of one year[63]. Other Financial Information - The company has not encountered significant operational difficulties due to foreign exchange risks, primarily related to transactions in HKD[46]. - There are no significant contingent liabilities as of September 30, 2025[48]. - The company’s financial statements are prepared in accordance with International Financial Reporting Standards, ensuring compliance with relevant accounting standards[92]. - The company operates primarily in infrastructure pipeline construction and related engineering services, focusing on gas, water, telecommunications, and power industries[90].

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，概不對因本公告全部或任何部份內容 產生或因倚賴該等內容而引致之任何損失承擔任何責任。 China Kepei Education Group Limited 中 國 科 培 教 育 集 團 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股份代號：1890） 1.截至2025年8月31日止年度 之年度業績公告； 2.聯席公司秘書辭任； 及 3.授權代表變更 年度業績摘要 | | 截至8月31日止年度 | | | | | --- | --- | --- | --- | --- | | | 2025年 | 2024年 | 變動 | 變動百分比 | | | 人民幣千元 | 人民幣千元 | 人民幣千元 | (%) | | 收益 | 1,872,180 | 1,692,842 | +179,338 | +10.6 | | 年內溢利 | 748,445 | 827,791 | -79,346 | -9.6 | | 核心純利** | 761,871 | 830,014 ...

Financial Performance - The group recorded a consolidated gross profit margin of approximately 74.0%, a notable improvement compared to the previous period [6]. - Total revenue from continuing operations was HKD 63,758,000, a decrease from HKD 124,844,000 in the same period last year [9]. - The company reported a total comprehensive income of HKD 25,311,000 for the six months ended September 30, 2025, compared to a loss of HKD 17,817,000 in the previous year [10]. - The company reported a net loss of HKD 38,260,000 for the six months ended September 30, 2025, compared to a net profit of HKD 6,806,000 for the same period in 2024, indicating a significant decline in performance [15]. - The total comprehensive income for the period ended September 30, 2025, was HKD 27,349,000, compared to a total comprehensive loss of HKD 13,704,000 for the previous period, showing a turnaround in overall financial performance [15]. - The group recorded a loss from continuing operations of approximately HKD 19,800,000 for the six months ended September 30, 2025, compared to a profit of approximately HKD 22,000,000 in 2024 [110]. Revenue Breakdown - The lending business generated stable revenue of approximately HKD 27,500,000 during the period, reflecting ongoing demand in a competitive market [5]. - Securities and asset management segment revenue for the six months ended September 30, 2025, was approximately HKD 15,700,000 and HKD 400,000, respectively, compared to approximately HKD 10,000,000 and HKD 2,900,000 in 2024, indicating a significant increase in securities revenue by approximately HKD 5,700,000 [89]. - Revenue from the insurance brokerage business was approximately HKD 11,700,000 for the six months ended September 30, 2025, compared to approximately HKD 52,300,000 in 2024, reflecting a significant decline [92]. - Interest income from lending services increased to HKD 27,539,000 for the six months ended September 30, 2025, up from HKD 13,464,000 in 2024 [36]. - The total revenue from asset management services for the six months ended September 30, 2025, was HKD 350,000, down from HKD 2,947,000 in 2024 [35]. Operational Changes - The group has terminated operations in the fur segment and the trading segment due to the sale of Trade Region Limited and Jingji Financial Limited, respectively [27]. - The group aims to redirect financial and management resources towards strengthening and expanding its financial services platform following the sale of the fur business, aligning with global trends in sustainability and responsible investment [94]. - The group is exploring strategic collaboration opportunities in finance, environmental, social, governance, and technology sectors to create long-term value and support sustainable growth [94]. - The group continues to provide asset management services, securities brokerage, insurance brokerage, and lending services as part of its ongoing operations [28]. Asset and Liability Management - Non-current assets totaled HKD 410,169,000 as of September 30, 2025, a decrease from HKD 240,695,000 as of March 31, 2025 [13]. - Current assets amounted to HKD 789,903,000, down from HKD 944,644,000 in the previous reporting period [13]. - Current liabilities increased to HKD 293,652,000 from HKD 273,059,000, indicating a rise in short-term financial obligations [14]. - The company's total equity was HKD 879,919,000 as of September 30, 2025, compared to HKD 924,879,000 at the end of the previous reporting period [14]. - The company’s total liabilities decreased from HKD 202,831,000 as of March 31, 2025, to HKD 195,840,000 as of September 30, 2025, a reduction of approximately 3.9% [69]. Strategic Investments and Acquisitions - The company is in the process of acquiring 80% equity interest in Jakota Capital AG for a maximum consideration of HKD 103 million, with the issuance of up to 705,479,452 new shares as payment [84]. - The company has extended the deadline for the completion of the acquisition of Jakota Capital AG from September 30, 2025, to December 31, 2025 [85]. - The group sold its entire equity interest in Trade Region Limited for HKD 10 million, with a net cash inflow of HKD 9.261 million after accounting for cash and cash equivalents sold [80][81]. Financial Health Indicators - The company’s accumulated losses as of September 30, 2025, stood at HKD 2,260,822,000, reflecting ongoing challenges in profitability [15]. - The company’s debt-to-asset ratio was 3.7%, down from 6.1% on March 31, 2025 [119]. - The company ensures that all licensed subsidiaries maintain sufficient liquidity to support business operations and meet potential increases in cash flow requirements [120]. - The company has no assets pledged as collateral as of September 30, 2025 [122]. Employee and Governance - As of September 30, 2025, the group employed 55 full-time employees, a decrease from 65 employees as of March 31, 2025 [137]. - The company has adopted a standard code of conduct for directors regarding securities trading, with no known violations during the reporting period [136]. - The audit committee consists of three independent non-executive directors, including the chairperson, Ms. Mai Runzhu, and has reviewed the financial reports and internal controls [142].

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依賴該等內容 而 引 致 的 任 何 損 失 承 擔 任 何 責 任。 JIN MI FANG GROUP HOLDINGS LIMITED 今米房集團控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：8300） 截至二零二五年九月三十日止六個月 之中期業績公告 今 米 房 集 團 控 股 有 限 公 司（「本公司」，連 同 其 附 屬 公 司，統 稱「本集團」） 之 董 事（「董 事」）會（「董事會」）欣 然 宣 佈，本 集 團 截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月 之 未 經 審 核 綜 合 業 績。本 公 告 載 有 本 公 司 截 至 二 零 二 五 年 九 月 三 十 日 止 六 個 月 之 中 期 報 告（「中期報告」）全 文，符 合 聯 交 所 GEM證 券 ...

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。 | | | 截至九月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | | 未經審核 | 未經審核 | | | 附註 | 港幣千元 | 港幣千元 | | 收入 | 3 | 85,811 | 99,481 | | 銷售成本 | | (76,760) | (84,203) | | 毛利 | | 9,051 | 15,278 | | 其他收入及收益，淨額 | 3 | 1,220 | 1,578 | | 銷售及分銷費用 | | (8,126) | (13,719) | | 行政開支 | | (12,299) | (14,119) | | 融資成本 | 4 | (612) | (952) | | 應佔聯營公司溢利及虧損 | | 3,884 | 6,043 | | 除稅前虧損 | 5 | (6,882) | (5,891) | | 所得稅開 ...

Financial Performance - For the six months ended September 30, 2025, Lumina Group Limited reported revenue of HKD 27,245,000, a significant increase of 91.6% compared to HKD 14,243,000 for the same period in 2024[8] - The gross profit for the same period was HKD 6,739,000, up from HKD 1,960,000, reflecting a gross margin improvement[8] - The company recorded a net loss of HKD 1,940,000, a reduction in loss compared to HKD 7,790,000 in the prior year[8] - Basic loss per share improved to HKD 0.29 from HKD 0.43 year-over-year[9] - The company incurred a loss of HKD 1,756,000 during the period, which is an improvement from a loss of HKD 2,555,000 in the same period last year[11] - The company reported a pre-tax loss of HKD 1,940,000 for the six months ended September 30, 2025, a decrease from a loss of HKD 7,790,000 in the same period of 2024[29] - The company’s loss attributable to owners was approximately HKD 1.8 million, a decrease of about 31.3% compared to a loss of HKD 2.6 million for the six months ended September 30, 2024[53] Revenue and Growth - Revenue from fire safety system installations reached HKD 23,483,000, a substantial increase from HKD 10,168,000 in the previous year, reflecting a growth of approximately 131.5%[20] - The total revenue for the six months ended September 30, 2025, was HKD 27,245,000, compared to HKD 14,243,000 in 2024, representing an increase of about 91.5%[20] - Revenue increased by approximately 91.3% from HKD 14.2 million for the six months ended September 30, 2024, to HKD 27.2 million for the six months ended September 30, 2025, primarily due to new contracts for fire safety system installation services[46] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 70,779,000, compared to HKD 67,757,000 as of March 31, 2025[10] - Current liabilities increased to HKD 11,624,000 from HKD 6,814,000, indicating a rise in operational obligations[10] - The company’s total equity attributable to owners decreased to HKD 68,101,000 as of September 30, 2025, down from HKD 70,069,000 at the beginning of the period[11] - The total non-current assets as of September 30, 2025, were HKD 2,180,000, compared to HKD 2,918,000 as of March 31, 2025[26] Cash Flow and Liquidity - The company's cash and cash equivalents increased to HKD 22,473,000 from HKD 18,956,000, showing improved liquidity[10] - For the six months ended September 30, 2025, the company reported a net cash inflow from operating activities of HKD 4,488,000, compared to HKD 583,000 for the same period in 2024, indicating a significant improvement[12] - The cash and cash equivalents at the end of the period increased to HKD 22,473,000 from HKD 18,208,000 in the previous year, showing a positive change of approximately 23.5%[12] - The current ratio as of September 30, 2025, was approximately 6.1 times, down from 9.9 times as of March 31, 2025[54] Expenses and Cost Management - Administrative expenses decreased to HKD 9,738,000 from HKD 10,098,000, reflecting cost control measures[8] - The total employee costs for the period were HKD 6,818,000, slightly higher than HKD 6,689,000 in the previous year[29] - The total employee cost for the six months ended September 30, 2025, was approximately HKD 6.8 million, compared to HKD 6.7 million for the same period in 2024[63] Operational Focus and Future Outlook - The company has not provided specific guidance for future performance but continues to focus on operational improvements and market expansion strategies[8] - The company continues to focus on expanding its fire safety services and short video production capabilities in Hong Kong and China, aiming for further growth in these segments[17] - The company is optimistic about the long-term prospects of the local construction and fire safety market following the amendment of fire safety regulations effective December 13, 2024[45] - The company is exploring opportunities in the cultural and entertainment sectors, as well as global commodity trading, to diversify revenue sources[45] Governance and Compliance - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial statements for the six months ended September 30, 2025, and believes they comply with applicable accounting standards and regulations[75] - The company has adhered to the corporate governance code, except for the separation of roles between the chairman and CEO, which is deemed appropriate for effective management[72] - The audit committee has recommended the appointment and dismissal of external auditors and has reviewed financial statements, ensuring adequate disclosure[74] Shareholder Information - The issued share capital of the company as of September 30, 2025, was HKD 6,000,000, with 600,000,000 ordinary shares issued at a par value of HKD 0.01 each[59] - As of September 30, 2025, Foxfire holds 398,500,000 shares, representing a 66.42% ownership stake in the company[67] - No stock options have been granted, exercised, expired, or canceled since the adoption of the stock option plan on September 22, 2017, and there are no unexercised stock options as of September 30, 2025[68]

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 全部或任何部份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。 HAO TIAN INTERNATIONAL CONSTRUCTION INVESTMENT GROUP LIMITED 昊天國際建設投資集團有限公 司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （股 份 代 號：1341） 截至二零二 五 年九月三十日止 六個月中期業績公告 昊天國際建設投資集團有限公司（「本公司」）董 事（「董 事」）會（「董事會」） 欣然向本公司股東（「股 東」）呈列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（「本期間」）之 中 期 業 績。 簡明綜合損益及其他全面收益表 截至二零二 五 年九月三十日止六個月 截至九月三十日止六個月 | | | 二零二五年 | | | 二零二四年 | | | | | --- | --- | --- | --- | --- | --- | --- ...

Recruitment and Training - The company reported a total of 799 recruitment events, attracting 5,346 enterprises and providing over 306,000 job positions, with 181,000 offline and 125,000 online[11] - The company established 52 new professional training rooms covering cutting-edge fields such as robotics and e-commerce live streaming, and upgraded 74 training rooms[11] - The number of newly established professional programs increased by 32, focusing on industry frontiers like artificial intelligence and big data analysis, while 20 programs were discontinued due to insufficient market demand[9] - The average employment placement rate for graduates improved steadily compared to the previous year, with a 90% pass rate for students in employment guidance training[11] - The company hosted 127 employment guidance training sessions and 408 career planning lectures to support student career development[11] Research and Publications - The company achieved a 63.33% year-on-year increase in newly initiated research projects, totaling 1,068 projects, with provincial-level projects increasing by 16.4%[10] - The company’s overseas institutions published 2,021 papers in international journals, enhancing their research influence[10] International Education and Collaboration - The company’s international education influence expanded, with institutions like INTI International University ranking 509th in the 2026 QS World University Rankings[6] - The company has made significant progress in international education, with the QS World University Rankings placing Malaysia's INTI International University at 509 globally and 122 in Asia for 2026[12] - The company is actively promoting collaboration between domestic and foreign educational institutions, enhancing its competitiveness in the global higher education sector[12] Financial Performance - For the fiscal year ending August 31, 2025, the group's revenue was RMB 3,960.34 million, an increase of RMB 228.27 million or 6.12% compared to RMB 3,732.07 million in the previous year, primarily due to increased tuition fees for students in domestic and overseas institutions[23] - The group's gross profit for the fiscal year ending August 31, 2025, was RMB 1,667.80 million, an increase of RMB 94.23 million or 5.99% from RMB 1,573.57 million in the previous year[25] - The group's net profit for the fiscal year ending August 31, 2025, was RMB 386.68 million, a decrease of RMB 226.41 million or 36.93% from RMB 613.09 million in the previous year[30] - The group's financing costs decreased to RMB 225.68 million for the fiscal year ending August 31, 2025, down RMB 63.73 million or 22.02% from RMB 289.41 million in the previous year, mainly due to a reduction in loan scale and optimization of loan structure[28] - The group's cash and bank balances totaled RMB 3,291.59 million as of August 31, 2025, compared to RMB 3,100.75 million as of August 31, 2024, with cash and cash equivalents at RMB 2,647.54 million[32] Debt and Equity Management - The group's current ratio improved to 0.69 as of August 31, 2025, compared to 0.43 as of August 31, 2024, indicating better short-term financial health[34] - The net debt-to-equity ratio improved from 1.5% as of August 31, 2024, to -4.9% as of August 31, 2025, due to higher cash and cash equivalents compared to interest-bearing bank and other borrowings[36] - The group's total liabilities to equity ratio was approximately 29.5% as of August 31, 2025, down from 35.4% as of August 31, 2024, reflecting a decrease in leverage[37] Operational Expenses and Investments - The group's selling expenses increased to RMB 327.35 million for the fiscal year ending August 31, 2025, up RMB 85.50 million or 35.35% from RMB 241.85 million in the previous year, primarily due to efforts to expand enrollment channels[26] - The company has signed an agreement to sell 100% equity of Shanghai Pumeng Zhichuan Education Technology Co., Ltd. to Guilin Punoji Electronics Co., Ltd.[18] - The company has no significant investments or acquisitions planned beyond those disclosed in the announcement[39] Shareholder Actions - The company announced the repurchase of convertible bonds totaling $78.7 million, representing approximately 22.49% of the original issuance[15] - The company plans to issue 685,414,558 rights shares at a subscription price of HKD 0.2 per share, based on a ratio of one rights share for every twelve shares held[15] - The net proceeds from the rights issue amounted to approximately HKD 87.4 million after deducting all related expenses[41] Assets and Liabilities - Total non-current assets decreased from RMB 18,262,345 thousand in 2024 to RMB 15,906,432 thousand in 2025, a decline of approximately 12.9%[51] - Goodwill decreased significantly from RMB 2,051,684 thousand in 2024 to RMB 1,361,409 thousand in 2025, representing a reduction of about 33.6%[51] - Total current assets increased from RMB 4,019,166 thousand in 2024 to RMB 6,090,772 thousand in 2025, an increase of approximately 51.5%[51] - Total liabilities decreased from RMB 13,127,021 thousand in 2024 to RMB 12,415,062 thousand in 2025, a decrease of approximately 5.4%[52] - Total equity increased from RMB 9,154,490 thousand in 2024 to RMB 9,582,142 thousand in 2025, an increase of approximately 4.7%[52] Cash Flow and Financing Activities - Cash generated from operating activities was RMB 1,492,370,000, down from RMB 1,579,412,000 in the previous year, indicating a decline of approximately 5.5%[55] - The net cash flow from investing activities was negative at RMB 926,480,000, slightly improved from a negative RMB 972,453,000 in 2024[56] - The company raised RMB 1,493,895,000 from bank and other borrowings, while repaying RMB 1,694,212,000, resulting in a net cash outflow from financing activities of RMB 97,381,000[57] Future Outlook - The company plans to continue providing educational services to students, which is expected to generate operational cash inflows[59] - The company is actively seeking alternative financing and loans to meet existing financial obligations and future capital expenditures[59] - The company plans to continue its market expansion and product development strategies to enhance future growth prospects[62]

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 過審慎周詳的考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較在主板買賣之證券 承受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及香港聯合交易所有限公司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，並明確表示概不對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 有關大地教育控股有限公司（「本公司」）（連同其附屬公司統稱「本集團」）的資料；本公 司的董事（「董事」）就本報告的資料共同及個別地承擔全部責任。各董事在作出一切合理 查詢後，確認就其所知及所信，本報告所載資料在所有重要方面均屬準確完備，並無誤 導或欺詐成分，且並無遺漏任何其他事項，致使本報告所載任何陳述或本報告產生誤導。 目錄 ...

Financial Performance - For the six months ended September 30, 2025, the company reported revenue of HKD 9,271,000, a decrease of 87.8% compared to HKD 76,124,000 for the same period in 2024[3] - Gross profit for the same period was HKD 3,967,000, down 35.8% from HKD 6,182,000 year-over-year[3] - Operating loss increased to HKD 14,904,000, compared to a loss of HKD 13,759,000 in the previous year, reflecting a year-over-year increase of 8.3%[3] - The company reported a net loss of HKD 14,947,000 for the six months, slightly improved from a loss of HKD 14,948,000 in the prior year[4] - Total revenue for the six months ended September 30, 2025, was HKD 9,271,000, compared to HKD 76,124,000 for the same period in 2024, representing a significant decline[18] - The adjusted EBIT for the reporting segments showed a loss of HKD 12,768,000 for the six months ended September 30, 2025, compared to a loss of HKD 7,685,000 for the same period in 2024[15][16] Revenue Breakdown - Revenue from the "Smartphone Distribution" segment was HKD 45,000 for the six months ended September 30, 2025, significantly lower than HKD 59,691,000 for the same period in 2024[15][16] - The "Building Intelligence" segment reported revenue of HKD 841,000 for the six months ended September 30, 2025, down from HKD 861,000 in the previous year[15][16] - The "Control Systems" segment generated revenue of HKD 8,385,000 for the six months ended September 30, 2025, compared to HKD 15,560,000 for the same period in 2024[15][16] - Revenue from smartphone distribution was HKD 45,000 for the six months ended September 30, 2025, down from HKD 59,691,000 in 2024[18] - Revenue from control systems decreased to HKD 8,385,000 in 2025 from HKD 15,560,000 in 2024, indicating a decline of approximately 46%[18] - Revenue from the Hong Kong market was HKD 45,000 in 2025, a decrease from HKD 49,991,000 in 2024[20] - Revenue from China was HKD 9,226,000 for the six months ended September 30, 2025, down from HKD 16,421,000 in 2024, reflecting a decline of about 44%[20] Expenses and Costs - Research and development expenses were HKD 1,090,000, down 25.2% from HKD 1,459,000 in the same period last year[3] - Employee costs, including director remuneration, totaled HKD 7,836,000 for the six months ended September 30, 2025, down from HKD 9,536,000 in 2024, a decrease of approximately 18%[23] - The sales and distribution expenses increased by approximately HKD 37,000 or 25.9% to about HKD 180,000 due to higher marketing expenditures[61] - Research and development expenses decreased by approximately HKD 0.4 million or 26.7% to about HKD 1.1 million as the group implemented cost control measures[63] Assets and Liabilities - Total assets decreased to HKD 125,828,000 from HKD 147,341,000, representing a decline of 14.5%[6] - Current liabilities decreased from HKD 113,728,000 to HKD 73,222,000, a reduction of 35.6%[6] - The company's cash and cash equivalents dropped to HKD 3,669,000 from HKD 11,030,000, a decrease of 66.7%[6] - The company’s total equity decreased to HKD 100,822,000 from HKD 107,716,000, a decline of 6.5%[7] - The total assets for the group as of September 30, 2025, were HKD 174,192,000, down from HKD 221,444,000 as of March 31, 2025[17] - The total liabilities for the group as of September 30, 2025, were HKD 73,370,000, compared to HKD 113,728,000 as of March 31, 2025[17] Shareholder Information - Basic and diluted loss per share improved to HKD 2.76 from HKD 3.65 year-over-year[4] - Basic loss per share for the six months ended September 30, 2025, was approximately HKD 12,374,000, compared to HKD 13,319,000 for the same period in 2024[29] - The average number of ordinary shares used for calculating basic and diluted loss per share was 448,742,000 for the six months ended September 30, 2025[30] - The company did not declare or propose any dividends for the six months ended September 30, 2025, consistent with the previous period[28] - No interim dividend has been declared for the six months ending September 30, 2025, compared to no dividend for the same period in 2024[80] Corporate Governance and Compliance - The company has adopted the Corporate Governance Code and believes it has complied with all applicable code provisions, except for certain provisions regarding the roles of the chairman and CEO, which have been vacant since January 3, 2020, and March 18, 2025, respectively[82][83] - The Audit Committee, consisting of three independent non-executive directors, has reviewed the unaudited condensed consolidated financial statements for the six months ending September 30, 2025, and confirmed compliance with applicable accounting standards[87] Future Outlook - The company continues to adopt the going concern basis in preparing its financial statements, anticipating sufficient resources to continue operations in the foreseeable future[12] - The group plans to relocate its production base to Australia to serve the Australian and Western markets, aiming to revitalize its building intelligence business[54] - The group will continue to explore new business and investment opportunities to expand or diversify its operations for long-term benefits[55]