Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 252,432,000, a decrease of 37.0% compared to HKD 400,813,000 in the same period last year[4] - Gross profit for the same period was HKD 52,149,000, down 35.0% from HKD 80,278,000[4] - Operating profit decreased by 48.3% to HKD 25,055,000 from HKD 48,465,000 year-on-year[4] - Profit before tax fell by 50.8% to HKD 23,129,000 compared to HKD 46,988,000 in the previous period[4] - Net profit for the period was HKD 19,210,000, a decline of 48.8% from HKD 37,541,000[4] - Basic and diluted earnings per share were HKD 0.02, down 60.0% from HKD 0.05[4] - The adjusted profit before tax for the six months ended September 30, 2025, was HKD 52,149 thousand, down 35% from HKD 80,278 thousand in the same period of 2024[25] - Total operating expenses for the six months ended September 30, 2025, were HKD 77,702 thousand, slightly down from HKD 79,602 thousand in 2024[27] - Financial costs for the six months ended September 30, 2025, amounted to HKD 1,926 thousand, an increase from HKD 1,477 thousand in the previous year[28] - The income tax expense for the six months ended September 30, 2025, was HKD 3,919 thousand, compared to HKD 9,447 thousand in 2024[29] - The actual tax rate for the reporting period was approximately 16.9%, down from 20.1% in the previous period, primarily due to non-deductible listing expenses in the prior period[56] - The net profit for the period decreased by approximately HKD 18.3 million or 49% to about HKD 19.2 million compared to the previous period[57] Revenue Breakdown - The civil engineering segment generated revenue of HKD 139,508 thousand, down 54% from HKD 303,812 thousand year-over-year[22][23] - The electromechanical engineering segment reported revenue of HKD 95,382 thousand, an increase of 18% from HKD 80,728 thousand in the previous year[22][23] - The renewable energy segment achieved revenue of HKD 11,160 thousand, up 12.5% from HKD 9,923 thousand year-over-year[22][23] - The civil engineering business recorded revenue of approximately HKD 139.5 million, a decrease of HKD 164.3 million or 54% year-on-year, primarily due to several projects nearing completion[45] - The electromechanical engineering revenue was approximately HKD 95.4 million, an increase of HKD 14.7 million or 18%, mainly due to the activation of an 8-year main contract for cable trench excavation and laying[46] - The group's renewable energy business generated approximately HKD 11.2 million in revenue, an increase of HKD 1.2 million or 12% compared to the same period last year[44] - The overall revenue decreased by approximately HKD 148.4 million or 37% to about HKD 252.4 million, mainly due to the decline in civil engineering revenue[52] Assets and Liabilities - Non-current assets increased to HKD 167,477,000 as of September 30, 2025, from HKD 155,569,000 as of March 31, 2025[8] - Current assets totaled HKD 443,408,000, up from HKD 413,647,000 as of March 31, 2025[8] - Total liabilities increased to HKD 240,004,000 from HKD 217,623,000[9] - Net assets attributable to equity holders rose to HKD 370,881,000 from HKD 351,593,000[9] - Trade receivables increased to HKD 44,674,000 as of September 30, 2025, compared to HKD 24,545,000 as of March 31, 2025, representing an increase of 81.9%[34] - The net value of contract assets as of September 30, 2025, was HKD 331,341,000, up from HKD 270,693,000 as of March 31, 2025, indicating a growth of 22.4%[36] - The company's cash and cash equivalents were approximately HKD 38.1 million as of September 30, 2025, down from HKD 93.7 million as of March 31, 2025[59] - The current ratio as of September 30, 2025, was approximately 2.15, compared to 2.10 as of March 31, 2025[60] - The debt-to-equity ratio was approximately 24.5% as of September 30, 2025, up from 20.5% as of March 31, 2025[61] - The net current assets were HKD 237.2 million as of September 30, 2025, an increase from HKD 216.7 million as of March 31, 2025[62] Shareholder Information - The company declared an interim dividend of approximately HKD 30,000,000 for the period ending March 31, 2024, with HKD 23,637,000 settled in cash and HKD 6,363,000 offset against receivables[30] - For the six months ending September 30, 2025, the profit attributable to the company's owners was HKD 19,210,000, a decrease of 48.9% from HKD 37,541,000 in the same period of 2024[32] - The basic earnings per share for the six months ending September 30, 2025, was HKD 0.02, down from HKD 0.05 in the previous year[32] - The company has a total of 1,500,000,000 shares issued as of September 30, 2025, following a capital increase and capitalization issuance[39] - No interim dividend has been recommended by the board for the reporting period[77] Strategic Initiatives - The company aims to become a pioneer in green infrastructure in Hong Kong, actively pursuing renewable energy projects to promote sustainable development[42] - The company is focusing on the dual-driven business strategy of "new energy + green building" to leverage its competitive advantages in a changing market[42] - The group anticipates that the renewable energy business will become a growth engine, driven by government support and the establishment of the "Zero Carbon Smart Alliance" for comprehensive solutions in the renewable sector[47] - The group plans to actively participate in large-scale construction projects and bidding to achieve stable profit growth, leveraging the government's commitment to infrastructure development[49] - The group aims to enhance its competitiveness in the renewable energy sector through collaboration with industry leaders and the integration of advanced technologies[48] Capital Expenditures and Funding - Capital expenditures during the reporting period were approximately HKD 34.1 million, compared to HKD 20.3 million in the previous period[65] - The company successfully raised approximately HKD 150,000,000 from the public offering of 250,000,000 shares at HKD 0.73 per share, after deducting underwriting fees and related expenses[41] - The net proceeds from the listing are planned to be used as follows: 45% for purchasing more machinery and equipment (HKD 67.5 million), 35% for pre-project costs (HKD 52.5 million), and 10% for general working capital (HKD 15 million) by September 30, 2025[74] - The planned use of net proceeds includes HKD 48.4 million remaining for machinery and equipment purchases, with a timeline for full utilization by June 2026[74] - The procurement of 4S and enterprise planning systems has utilized HKD 6.5 million, with HKD 1 million remaining, expected to be fully used by March 2026[74] Employee Information - As of September 30, 2025, the total employee cost (including director remuneration) was approximately HKD 77.7 million, a decrease from HKD 79.6 million in the previous period[75] - The company has 417 employees as of September 30, 2025, an increase from 411 employees as of March 31, 2025[75] Compliance and Governance - The audit committee, consisting of three independent non-executive directors, reviewed the unaudited interim financial information and confirmed compliance with applicable accounting standards and regulations[78] - The company did not purchase, sell, or redeem any of its listed securities during the six months ending September 30, 2025[76] - The company’s headquarters and main business location changed to TML Plaza, Room C, 30th Floor, 3 Hoi Shing Road, Tsuen Wan, New Territories, Hong Kong, effective October 27, 2025[79] - The company has not issued, exercised, canceled, or expired any share options or shares under the share incentive plan since its adoption[75]

Financial Performance - The revenue for the year ending August 31, 2025, was approximately HKD 195,049,000, a decrease of about 2.60% compared to HKD 200,265,000 in the previous year[11][15] - The gross profit for the same period was approximately HKD 49,968,000, slightly up from HKD 49,811,000 in the previous year[11] - The net profit for the year was approximately HKD 2,638,000, a significant decrease from HKD 8,948,000 in the previous year[12][15] - The company's revenue decreased by approximately 2.60% from HKD 200,265,000 for the year ended August 31, 2024, to HKD 195,049,000 for the year ended August 31, 2025[24] - The sales cost reduced by about 3.57% from HKD 150,454,000 for the year ended August 31, 2024, to HKD 145,081,000 for the year ended August 31, 2025[25] - The administrative expenses increased by approximately 18.34% from HKD 41,089,000 for the year ended August 31, 2024, to HKD 48,623,000 for the year ended August 31, 2025[26] - The net profit for the year ended August 31, 2025, was approximately HKD 2,638,000, a decrease from HKD 8,948,000 for the year ended August 31, 2024[27] - As of August 31, 2025, the company had cash and bank balances of approximately HKD 17,413,000, a decrease of about HKD 14,519,000 compared to HKD 31,932,000 on August 31, 2024[32] - The company has a debt-to-equity ratio of 0.08 as of August 31, 2025, down from 0.10 in 2024[38] - As of August 31, 2025, the company has approximately HKD 10,753,000 available for distribution to shareholders[89] Dividend Policy - The company does not recommend the payment of a final dividend for the year ending August 31, 2025, consistent with the previous year[13] - The board does not recommend a final dividend for the year ending August 31, 2025, consistent with the previous year[82] Business Operations and Projects - The company is expanding its maintenance services, including a significant new maintenance contract for security alarm systems with the Hong Kong Police Force starting in March 2025[15] - Major ongoing projects include the installation of electronic systems at the Hong Kong International Airport and CCTV systems for the Drainage Services Department[15] - Completed projects during the review period include the installation of CCTV at Shun Fung Industrial Centre and upgrades to existing access control systems[15] - The company is currently providing security services at HKD 1,500,000 per month at the site in Discovery Bay[20] - The company aims to expand its electric vehicle charging stations, currently operating at Langham Place and Swiss Re Centre[21] - The company plans to enhance its ELV maintenance service contracts to strengthen customer relationships and increase market share[21] - The company is actively seeking opportunities to expand its security guard services in other regions[21] - The company has completed significant projects, including CCTV installations and upgrades to access control systems for various clients[19] - The company continues to invest in developing internal capabilities and collaborating with business partners for integrated security solutions[22] Corporate Governance - The company is committed to ensuring compliance with GEM listing rules and relevant regulations through its governance structure[57] - The company has a focus on environmental, social, and governance (ESG) compliance as part of its corporate development strategy[57] - The board consists of independent non-executive directors who provide independent opinions and oversight, enhancing corporate governance[59] - The company has a focus on attracting venture capital to invest in local innovation and technology startups through the HKD 2 billion Innovation and Technology Venture Fund established by the Hong Kong government[63] - The company is committed to enhancing its corporate governance through the independent opinions provided by its board members[68] - The company has a diverse board with members possessing backgrounds in law, finance, and healthcare management, which may contribute to a well-rounded strategic direction[65][68] - The company is involved in community work and has members who have received recognition for their contributions, enhancing its corporate social responsibility profile[70] - The company is actively engaged in the development of new strategies and governance practices to ensure compliance with regulatory standards[66] Risk Management - The company emphasizes the importance of risk management, with a commitment to evaluate the effectiveness of its risk management framework at least annually[49] - Major risks identified include strategic risks from changing competitive landscapes and market saturation, operational risks from subcontractor performance, and financial risks such as liquidity and credit risks[50] - The company plans to continue hiring external independent professionals to review its internal controls and risk management systems annually[49] - The board will review the need for internal audit functions at least once a year, considering the scale and complexity of the business[49] - The company has no internal audit function currently, opting for external professionals for cost-effectiveness[49] - The audit committee reviews the effectiveness of the risk management and internal control systems annually, ensuring resources and training are adequate[162] Shareholder Information - Sales to the top five customers accounted for 59.81% of total annual sales, with the largest customer contributing 32.28%[90] - Purchases from the top five suppliers represented 15.23% of total annual purchases, with the largest supplier accounting for 4.16%[90] - The company has adopted a share option scheme to incentivize directors and eligible employees, effective for 10 years from March 10, 2017[104][105] - The total number of share options that may be issued under the share option scheme cannot exceed 10% of the total shares issued at the time of listing, which is 160,000,000 shares[106] - As of August 31, 2025, there are no outstanding share options, warrants, or convertible instruments[108] - The company has confirmed compliance with the non-competition agreement established on February 17, 2017, by its controlling shareholders[117] - The company has maintained adherence to all relevant laws and regulations without any significant violations during the review period[121] - At least 25% of the company's total issued share capital is held by the public as of the report date[126] Employee and Management Information - The company has a total of 453 employees as of August 31, 2025, an increase from 383 employees in 2024[34] - The management team includes experienced individuals with backgrounds in technology, finance, and project management, enhancing the company's operational capabilities[51][57][59] - The company has a total of three senior management members earning below HKD 1,000,000 for the year ending August 31, 2025[144] - The company emphasizes the importance of continuous professional development for its directors, providing training and support[136] Sustainability and ESG Initiatives - The company has achieved ISO 9001:2015 QMS certification, demonstrating its commitment to quality management systems[191] - The company is focused on enhancing employee health and safety, implementing a framework that complies with ISO 45001 standards[191] - The company has established an efficient environmental management system certified by ISO 14001:2015, ensuring compliance with relevant laws and regulations[191] - The company is advancing its sustainability strategy by developing electric vehicle charging stations at key projects, reinforcing its long-term sustainability goals[191] - The group emphasizes the importance of integrating environmental, social, and governance (ESG) principles into its risk management system to pursue a sustainable business model[187] - The group has established a whistleblowing policy to responsibly handle reports of misconduct, ensuring fair treatment of whistleblowers[170] - The anti-bribery and anti-corruption policy is part of the corporate governance framework, demonstrating the group's commitment to ethical business practices[171] - The environmental, social, and governance report outlines the group's initiatives and performance in these areas, showcasing its commitment to sustainable development[180] - The group encourages stakeholders to provide feedback on its ESG report and sustainable development performance[186] Audit and Compliance - The company has appointed a new auditor, RSM Hong Kong, effective July 25, 2024, replacing the previous auditor[128] - The external auditor, RSM Hong Kong, received a total fee of HKD 650,000 for audit services for the year ending August 31, 2025[160] - The audit committee held two meetings during the year to discuss financial reporting and compliance procedures, and confirmed that the annual report complies with applicable standards and regulations[141] - The remuneration committee reviewed the compensation packages for directors and senior management, deeming them fair and reasonable for the year ending August 31, 2025[142] - The company has established a nomination policy to ensure board members possess the necessary skills and experience for future development[146] - The board consists of independent non-executive directors who oversee specific aspects of governance, including audit, remuneration, and nominations[139] - The audit committee is chaired by Mr. Xu Junhao and includes four independent non-executive directors[140] Board Diversity and Structure - The board of directors consists of seven members, with six male and one female, and approximately 77.92% of the entire employee team is male[135] - The company has adopted a diversity policy to enhance the board's composition and effectiveness[146] - The board diversity policy aims to enhance performance quality, considering factors such as gender, age, culture, education background, race, professional experience, skills, knowledge, and tenure[150] - The board's composition will be disclosed annually in the corporate governance report, adhering to GEM listing rules[152]

（ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） 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。 KNT HOLDINGS LIMITED* 截至二零二五年九月三十日止六個月 中期業績公告 | | | | | | | | 截至九月三十日止六個月 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 二零二五年 二零二四年 | | | | | | | | | 千港元 千港元 | | | | | | | | | （未 經 審 核） （未 經 審 核） | | 期內虧損 | | | | | | | (19,310) (10,194) | | 期內其他全面收入（開 | 支）： | | | | | | | | 不 會 重 新 分 類 至 損 | 益 | 的 | 項 | | 目： | | | | 有關物業重估 ...

Financial Performance - Total revenue for the period was HKD 335.6 million, a decrease of 17.7% from HKD 407.9 million in 2024[4] - Gaming revenue decreased to HKD 177.9 million, down 29.5% from HKD 253.0 million in 2024[4] - Net loss narrowed significantly to HKD 73.1 million, compared to a net loss of HKD 225.7 million in 2024[4] - Basic loss per share improved to HKD 0.05 from HKD 0.15 in 2024[4] - The group reported a loss before tax of HKD 77,192,000 for the six months ended September 30, 2025, compared to a loss of HKD 221,596,000 in 2024, indicating an improvement in performance[20] - The gross profit for the six months ended September 30, 2025, was HKD 105,777,000, down from HKD 159,839,000 in 2024, representing a decline of 33.8%[20] - The group reported a pre-tax loss of HKD 77,192,000 for the six months ended September 30, 2025, compared to a pre-tax profit of HKD 221,596,000 for the same period in 2024[34][37] Revenue Breakdown - Hotel and rental apartment revenue slightly increased to HKD 157.7 million, representing 47.0% of total revenue, compared to 38.0% in 2024[12] - Rental income for the six months ended September 30, 2025, was HKD 25,224,000, slightly down from HKD 25,775,000 in 2024[29] - Macau business generated gaming revenue of HKD 177,890,000, while hotel revenue was HKD 79,958,000 and rental income was HKD 8,870,000, totaling HKD 266,718,000 for the six months ended September 30, 2025[33] - Hong Kong business contributed hotel revenue of HKD 52,527,000 and rental income of HKD 16,354,000, resulting in total revenue of HKD 68,881,000 for the same period[33] - Adjusted EBITDA for Macau business was HKD 36,882,000 and for Hong Kong business was HKD 8,359,000, leading to a combined adjusted EBITDA of HKD 45,241,000 for the six months ended September 30, 2025[33] Visitor Statistics - The number of visitors to Hong Kong increased by 13.5% to 24.2 million, benefiting the group's operations[13] - Macau visitor numbers rose by 16.2% to 19.8 million, indicating a positive trend for the group's future prospects[13] Employee and Cost Management - The group had 439 employees as of September 30, 2025, down from 670 employees in 2024, reflecting a reduction in workforce[18] - The total employee costs for the period amounted to HKD 153,100,000, a decrease of 5.4% from HKD 162,300,000 in 2024[18] - Employee costs accrued increased to HKD 32,670,000 as of September 30, 2025, up 14.3% from HKD 28,506,000 as of March 31, 2025[43] Financial Position - The group's cash and bank deposits totaled HKD 565.0 million as of September 30, 2025, slightly down from HKD 572.9 million on March 31, 2025[14] - Total borrowings remained stable at HKD 39.5 million, with a capital debt ratio of zero[15] - The group's total assets as of September 30, 2025, were HKD 4,323,363,000, a decrease from HKD 4,425,650,000 as of March 31, 2025[22] - Trade receivables as of September 30, 2025, amounted to HKD 30,655,000, with a provision for impairment of HKD 12,370,000, resulting in a net receivable of HKD 18,285,000[42] - Trade payables as of September 30, 2025, amounted to HKD 10,886,000, a decrease of 7.6% from HKD 11,776,000 as of March 31, 2025[43] - Other payables and accrued expenses totaled HKD 48,964,000 as of September 30, 2025, down 15.6% from HKD 58,073,000 as of March 31, 2025[43] Corporate Governance - The company has complied with all provisions of the corporate governance code as set out in Appendix C1 of the Listing Rules during the period[46] - The board of directors includes both executive and independent non-executive members, ensuring a diverse governance structure[50] Operational Changes - The group is actively planning to enhance entertainment and leisure facilities at its hotels to broaden its revenue base following the termination of gaming operations[10] - The company entered into a termination agreement with 澳娛 on October 27, 2025, ending its service agreement effective October 31, 2025, which includes the cessation of gaming operations at the 英皇娛樂酒店[44] Interim Results - The interim financial statements for the period have not been reviewed or audited by the company's auditor, but were reviewed by the audit committee[45] - The interim results announcement was published on the Hong Kong Stock Exchange website and the company's website[49] - The company did not declare any interim dividend for the period, consistent with the previous year[19][41] - No repurchase, sale, or redemption of the company's listed securities occurred during the period[48]

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 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的任何損失承擔任何責任。 Hephaestus Holdings Limited 客思控股有限公司 （於開曼群島註冊成立之有限責任公司） （股份代號：8173） 截至二零二五年九月三十日止六個月之 中期業績公告 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 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於聯交所主 板買賣的證券承受較大的市場波動風險，同時無法保證 ...

Financial Performance - For the six months ended September 30, 2025, the group recorded revenue of approximately HKD 815.5 million, an increase of approximately HKD 567.3 million or 228.6% compared to HKD 248.2 million for the same period in 2024[3] - Gross profit for the same period was approximately HKD 84.2 million, up by approximately HKD 39.8 million or 89.6% from HKD 44.4 million in 2024, with a gross margin of approximately 10.3%[3] - The profit attributable to owners of the company was approximately HKD 15.1 million, a turnaround from a loss of approximately HKD 26.6 million in the same period of 2024[3] - Adjusted EBITDA increased from approximately HKD 15.9 million for the six months ended September 30, 2024, to approximately HKD 36.1 million for the same period in 2025[3] - Basic and diluted earnings per share for the six months ended September 30, 2025, were approximately HKD 0.55, compared to a loss of approximately HKD 1.06 per share in 2024[3] - Total comprehensive income for the period was approximately HKD 15.5 million, compared to a loss of approximately HKD 25.6 million in the same period of 2024[5] Revenue Breakdown - For the six months ended September 30, 2025, total revenue from external customers reached HKD 815,529,000, a significant increase from HKD 248,176,000 for the same period in 2024, representing a growth of approximately 228%[21] - Revenue from Hong Kong increased to HKD 310,846,000 in 2025, up from HKD 232,342,000 in 2024, reflecting a growth of about 34%[21] - Revenue from the People's Republic of China surged to HKD 427,496,000 in 2025, compared to HKD 15,834,000 in 2024, indicating an increase of over 2600%[21] - The construction and renovation segment generated external revenue of HKD 25,728,000, while the reverse supply chain management and environmental services segment contributed HKD 789,801,000, totaling HKD 815,529,000 for the period[18] - Revenue from reverse supply chain management and environmental services reached HKD 789,801,000 for the six months ended September 30, 2025, compared to HKD 157,443,000 in 2024, marking an increase of 401%[23] Assets and Equity - Non-current assets increased to approximately HKD 483.6 million as of September 30, 2025, from HKD 341.6 million as of March 31, 2025[6] - Current assets totaled approximately HKD 519.8 million as of September 30, 2025, compared to HKD 537.7 million as of March 31, 2025[6] - The company's total equity attributable to owners increased to approximately HKD 624.9 million as of September 30, 2025, from HKD 467.1 million as of March 31, 2025[7] Dividends and Share Issuance - The board has resolved not to declare any interim dividend for the six months ended September 30, 2025, consistent with the previous year[3] - The company issued a total of 86,940,000 reward shares under its share incentive plan, representing 6.93% of the existing issued share capital as of October 12, 2023[52] - The company raised approximately HKD 129.3 million from the placement of 21,553,000 new shares at a price of HKD 6.0 per share on December 24, 2024, with a net amount of approximately HKD 129.2 million after expenses[53] Expenses and Costs - Total interest expenses for the six months ended September 30, 2025, amounted to HKD 2,056,000, an increase from HKD 1,784,000 in 2024[26] - Operating expenses decreased by approximately HKD 10.1 million or 13.7% to about HKD 63.8 million for the six months ended September 30, 2025, compared to HKD 73.9 million in 2024[65] - Total salary and related costs for the six months ended September 30, 2025, amounted to approximately HKD 23.4 million, compared to HKD 54.7 million for the six months ended September 30, 2024[77] Acquisitions and Investments - The company completed the acquisition of 100% equity in Green Jade on May 13, 2025, with a total consideration of approximately HKD 39.3 million, paid through the issuance of 4,545,455 new shares at a price of HKD 8.65 per share[55] - The company agreed to acquire 100% of Green Jade Reverse Logistics Limited for HKD 35,000,000, issuing 4,545,455 new shares at HKD 7.7 per share[87] - The acquisition was completed on May 13, 2025, with a total value of approximately HKD 39,318,000 based on the closing price on that date[87] Loans and Financing - Interest income from loans to independent third parties was HKD 1,125,000 for the six months ended September 30, 2025, down from HKD 2,846,000 in 2024[25] - The company provided a loan of USD 7,000,000 (approximately HKD 54,411,000) to the borrower at a 5% annual interest rate, with a three-year maturity[91] - The loan amount was increased by USD 3,000,000 (approximately HKD 23,319,000) under an appendix to the financing agreement[91] Corporate Governance and Compliance - The company has adopted and complied with the corporate governance code as per the listing rules[105] - The audit committee, established on July 25, 2018, is responsible for reviewing financial statements and overseeing external auditors[107] - The interim financial statements for the six months ended September 30, 2025, were reviewed and approved by the audit committee, ensuring compliance with applicable accounting standards[108] Future Outlook - The company plans to continue expanding its reverse supply chain management and environmental services, leveraging self-developed technology for battery recycling and energy storage systems[58] - The company anticipates continued growth in the reverse supply chain management and environmental services sector, which aligns with global green business trends[61]

香港交易及結算所有限公司和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依賴該等內容而引致的任何損失承擔任何責任。 截至 2024 年 12 月 31 日止年度年報的 補充公告 本公告乃維信金科控股有限公司（「本公司」）董事會（「董事會」）發出。 自上市日期至年報日期止，概無根據首次公開發售後購股權計劃授出購股權。根據首 次公開發售後購股權計劃所授出的購股權的歸屬期將由本公司於授予時指明。 於 2024 年 1 月 1 日、2024 年 12 月 31 日及年報日期，分別合共 49,730,386 股股份， 佔已發行股份 10.16%，仍可根據首次公開發售後購股權計劃供未來授予及發行。 第 1 號股份獎勵計劃 於 2024 年 1 月 1 日、2024 年 12 月 31 日及年報日期，分別 17,203,009 股股份 （包括被沒收的股份）、17,483,009 股股份（包括被沒收的股份）及 17,483,009 股 股份（包括被沒收的股份），佔已發行股份 3.51%、3.57%及 3.57%，仍可根據第 1 號股份 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 456.7 million, an increase of 1.9% compared to HKD 448.3 million for the same period in 2024[3] - EBITDA for the period was HKD 73.7 million, reflecting a growth of 5.8% from HKD 69.7 million in the previous year[3] - The net profit attributable to shareholders decreased by 23.7% to HKD 4.9 million, down from HKD 6.4 million in the prior period[3] - Basic earnings per share were HKD 0.37, a decline of 21.3% compared to HKD 0.47 in the same period last year[3] - The total comprehensive income for the period was HKD 3,019,000, down from HKD 6,106,000, indicating a decrease of approximately 50.5%[8] - The company's profit attributable to shareholders for the review period was approximately HKD 4,900,000, a decrease from HKD 6,400,000 in the previous period, primarily due to increased sales and distribution expenses related to online food delivery platforms[70] Revenue Breakdown - Revenue from Hong Kong increased by 13.3% to HKD 274.1 million, while revenue from mainland China decreased by 12.6% to HKD 171.2 million[3] - Restaurant operation revenue amounted to HKD 442,968,000 for the six months ended September 30, 2025, compared to HKD 436,436,000 in the previous year, indicating a growth of about 1.2%[21] - Revenue from food sales reached HKD 13,744,000 for the six months ended September 30, 2025, up from HKD 11,884,000 in 2024, marking an increase of approximately 15.6%[21] - Revenue from external customers in Hong Kong was HKD 274,071,000 for the six months ended September 30, 2025, compared to HKD 241,856,000 in 2024, showing a growth of around 13.3%[17] - Revenue from external customers in Mainland China was HKD 171,159,000 for the six months ended September 30, 2025, down from HKD 195,861,000 in 2024, reflecting a decline of approximately 12.6%[17] Operational Metrics - The total number of restaurants operated as of September 30, 2025, was 70, compared to 69 as of March 31, 2025[3] - The number of restaurants in Hong Kong remained stable at 28, while mainland China maintained 32 locations[3] - The group operates a total of 70 restaurants across Hong Kong, Macau, mainland China, and Singapore as of September 30, 2025[52] - The group has closed 3 restaurants in Hong Kong and 2 in mainland China during the review period, while opening 2 in mainland China and 1 in Macau[53] Cost and Expenses - The cost of goods sold was HKD 116,095,000, slightly higher than HKD 115,602,000 in the previous year, indicating a marginal increase of 0.4%[6] - Employee costs amounted to HKD 152,728,000, consistent with HKD 152,641,000 from the previous year, showing stability in labor expenses[6] - The company's operating expenses totaled HKD 56,166,000, a decrease from HKD 62,621,000 in the previous year, reflecting a reduction of about 10.4%[6] - Other income decreased to HKD 6,039,000 from HKD 8,047,000, a decline of about 25%[6] Assets and Liabilities - As of September 30, 2025, total non-current assets amounted to HKD 637,323,000, an increase from HKD 606,662,000 as of March 31, 2025, representing a growth of approximately 5.5%[9] - Current assets totaled HKD 217,394,000, slightly down from HKD 221,251,000 in the previous period, indicating a decrease of about 1.6%[10] - Total liabilities for the company were HKD 214,952,000, which is an increase from HKD 211,079,000, reflecting a rise of approximately 1.4%[10] - Total equity attributable to shareholders was HKD 443,871,000, up from HKD 440,715,000, showing a modest increase of about 0.5%[10] Strategic Initiatives - The company has plans for market expansion and new product development, although specific details were not disclosed in the earnings call[5] - The company continues to focus on enhancing operational efficiency and exploring strategic partnerships to drive growth[5] - The group has implemented strategic adjustments to expand its customer base and reshape its brand in response to the local market's weakness[53] - The group is strategically expanding its restaurant portfolio to capture emerging market opportunities, particularly among younger consumers[47] Governance and Compliance - The financial results have been reviewed by the Audit Committee but remain unaudited[5] - The financial statements have been prepared in accordance with the Hong Kong Financial Reporting Standards, ensuring consistency with the accounting policies adopted in the audited financial statements for the year ending March 31, 2025[13] - The group has applied the revised Hong Kong Financial Reporting Standards during the interim period, which did not have a significant impact on the financial position and performance[14] - The company will continue to enhance its corporate governance practices to ensure compliance with the corporate governance code[88]

Financial Performance - For the six months ended September 30, 2025, the company's revenue was HK$213,630,000, an increase of 5.9% compared to HK$201,705,000 for the same period in 2024[14]. - The gross profit for the reporting period was HK$8,016,000, down 26.0% from HK$10,826,000 in the previous year[14]. - The loss before tax for the period was HK$9,520,000, compared to a loss of HK$8,782,000 in the same period last year, indicating a deterioration in performance[14]. - Basic and diluted loss per share improved slightly to HK(3.31) cents from HK(3.58) cents year-on-year[14]. - The total comprehensive loss for the period was HK$9,520,000, compared to HK$8,782,000 in the prior year, indicating an increase in overall losses[14]. - The company reported no income tax expense for the period, consistent with the previous year[14]. - Other income and gains decreased to HK$1,047,000 from HK$1,744,000, a decline of 39.9%[14]. - Cash used in operations amounted to HK$39,103,000 for the six months ended September 30, 2025, compared to HK$10,687,000 for the same period in 2024, indicating a significant increase in cash outflow[24]. - The company reported a net decrease in cash and cash equivalents of HK$22,361,000 for the six months ended 30 September 2025, contrasting with an increase of HK$3,342,000 in the prior year[26]. - The Group's revenue for the Reporting Period was approximately HK$213,630,000, representing an increase of approximately 5.9% from HK$201,706,000 for the six months ended 30 September 2024[102]. Assets and Liabilities - Total non-current assets decreased from HK$62,913,000 as of March 31, 2025, to HK$49,278,000 as of September 30, 2025, representing a decline of approximately 21.8%[16]. - Current assets decreased significantly from HK$249,733,000 as of March 31, 2025, to HK$168,692,000 as of September 30, 2025, a reduction of about 32.4%[16]. - Total current liabilities decreased from HK$198,837,000 as of March 31, 2025, to HK$114,056,000 as of September 30, 2025, indicating a decrease of approximately 42.6%[16]. - Total equity decreased from HK$111,603,000 as of March 31, 2025, to HK$102,083,000 as of September 30, 2025, a decline of approximately 8.5%[18]. - Accounts receivable decreased significantly to HK$8,524,000 as of 30 September 2025 from HK$35,633,000 as of 31 March 2025, a decrease of 76.1%[68]. - The total accounts payable decreased from HK$23,401,000 to HK$5,925,000, a decline of approximately 74.7%[78]. Business Segments - The company is primarily engaged in four business segments: construction, securities investment, property investment, and money lending[28][37]. - The construction business segment focuses on fitting-out works and electrical and mechanical engineering services[37]. - Revenue from the construction segment was approximately HK$211,290,000, reflecting a 7.2% increase from HK$197,121,000 for the same period last year[102]. - Revenue from the property investment segment was approximately HK$190,000, a decrease of 36.0% from HK$297,000 for the same period last year[102]. - Revenue from the money lending segment was approximately HK$2,527,000, an increase of approximately 1.2% from HK$2,497,000 for the six months ended September 30, 2024[102]. Operational Efficiency and Future Plans - The company is committed to improving operational efficiency and exploring new market opportunities to enhance future performance[12]. - The Group plans to exercise caution in tendering for new contracts and focus on more profitable E&M works and interior fitting out sectors[164][166]. - The Group's construction business is expected to remain competitive, but it aims to strengthen its market position through AI technology and established relationships[160][162]. - The Group continues to develop its money lending business despite increased competition and uncertainty in the market[173][175]. Share Options and Governance - The total number of shares available for issue under the 2025 Share Option Scheme was 28,800,000 as of the date of approval and 30 September 2025[195]. - The total number of shares that may be issued under the 2025 Share Option Scheme is capped at 10% of the total issued shares as of the approval date, amounting to 28,800,000 shares[197]. - The acceptance period for share option grants is 30 days from the offer date, with a nominal consideration of HK$1.00 required[200]. - The share option scheme is designed to align the interests of directors and substantial shareholders with those of the company[198]. - The company aims to maintain transparency and governance in the issuance of share options to enhance shareholder trust[199].

Financial Proceeds - The net proceeds from the rights issue completed on May 8, 2024, amounted to approximately HKD 77.9 million[3] - Of the net proceeds, HKD 70 million is allocated for repaying loans and other payables, with the remaining HKD 7.9 million used for general working capital[4] - As of the announcement date, HKD 70 million of the net proceeds remains unutilized, with expected utilization dates in September 2026 and October 2027[4] Stock Options - The number of stock options available for grant under the stock option plan as of January 1, 2024, was 18,911,563 options, which was adjusted to 1,891,156 options after a share consolidation[5] - The total number of shares available for issuance under the stock option plan is 1,891,156 shares, representing approximately 0.93% of the total issued shares as of March 31, 2025[5]