香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CHINA RESOURCES AND TRANSPORTATION GROUP LIMITED 中國資源交通集團有限公司 （於開曼群島註冊成立之有限公司） （股份代號︰269） 截至2025年9月30日止六個月之中期業績公佈 Corporate Information 公司資料 BOARD OF DIRECTORS Executive Directors Mr. Lu Zhiming (Co – Chairman) Mr. Gao Zhiping (Co – Chairman & Chief Executive Officer) Mr. Jiang Tao Mr. Duan Jingquan Mr. Wang Gang 中國資源交通集團有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其 附屬公司（「本集團」）截至2025年9月30日止六個月之未經審核綜合中期業績。本公告載有 本公 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因 倚賴該等內容而引致之任何損失承擔任何責任。 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 資本界金控集團有限公司 CAPITAL REALM FINANCIAL HOLDINGS GROUP LIMITED （於開曼群島註冊成立並於百慕達續存之有限公司） （股份代號：204） 截至二零二五年九月三十日止六個月 中期業績公告 資本界金控集團有限公司（「本公司」）董事會（「董事會」）公佈本公司及其附屬 公司（「本集團」）截至二零二五年九月三十日止六個月（「本期間」）之未經審核 中期業績，連同二零二四年同期之比較數字。未經審核中期業績已經由本公司 之審核委員會審閱。 – 1 – | | | 截至九月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | 附註 | 千港元 | 千港元 | | | | （未經審核）（未經審核） | | | 收益 | 5 | – | – ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不會因本公佈全部或任何部份內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 CHINA TANGSHANG HOLDINGS LIMITED 中 國 唐 商 控 股 有 限 公 司 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股份代號：674） 截至二零二五年九月三十日止六個月之 中期業績公佈 中國唐商控股有限公司（「本公司」）董事（「董事」）會（「董事會」）提呈本公司及其附屬公司 （統稱「本集團」）截至二零二五年九月三十日止六個月之未經審核中期簡明綜合業績。 簡明綜合全面收益表 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 | | --- | --- | --- | --- | | | | （未經審核） | （未經審核） | | | 附註 | 港元 | 港元 | | 收益 | 3 | 205,344,534 | 328,153,060 | | 其他收益或虧損，淨額 | | (22,361,920) | (2 ...

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 371,760,000, a decrease of 57.1% compared to HKD 867,001,000 for the same period in 2024[3] - Gross profit increased to HKD 211,445,000, up 10.5% from HKD 190,709,000 year-over-year[3] - The company reported a loss attributable to owners of the company of HKD 14,725,000, compared to a profit of HKD 17,538,000 in the previous year[4] - Basic and diluted loss per share was HKD (1.47), compared to earnings of HKD 1.75 per share in the same period last year[4] - Operating profit decreased to HKD 19,257,000, down 51.6% from HKD 39,764,000 in 2024[4] - Total comprehensive income for the period was HKD 6,546,000, significantly lower than HKD 29,057,000 in the prior year[5] - For the six months ended September 30, 2025, the company reported a net loss of HKD 14,725,000, compared to a profit of HKD 17,538,000 in the same period of 2024, indicating a significant decline in profitability[8] - The total comprehensive income for the period was a loss of HKD 25,822,000, compared to a total comprehensive income of HKD 16,667,000 in the previous year, reflecting a negative shift in overall financial performance[8] Assets and Liabilities - Non-current assets increased to HKD 2,442,000,000 from HKD 1,899,000,000 as of March 31, 2025[6] - Current assets decreased to HKD 508,564,000 from HKD 532,267,000 as of March 31, 2025[6] - Total liabilities decreased to HKD 47,362,000 from HKD 60,507,000 as of March 31, 2025[7] - Total equity attributable to owners of the company decreased to HKD 433,826,000 from HKD 459,648,000 as of March 31, 2025[7] - The total assets as of September 30, 2025, were HKD 511,006,000, a decrease from HKD 534,166,000 as of March 31, 2025[24] - The total liabilities as of September 30, 2025, were HKD 47,362,000, down from HKD 60,507,000 as of March 31, 2025[24] Cash Flow and Liquidity - Cash used in operating activities amounted to HKD 68,269,000, a substantial increase from HKD 29,530,000 in the prior year, highlighting increased cash outflows[9] - The company experienced a decrease in cash and cash equivalents of HKD 86,745,000 for the period, compared to a decrease of HKD 58,897,000 in the same period last year, indicating worsening liquidity[9] - As of September 30, 2025, total equity attributable to owners was HKD 433,826,000, down from HKD 492,349,000 as of March 31, 2025, showing a decline in shareholder equity[8] - As of September 30, 2025, the group had cash and cash equivalents of approximately HKD 141.3 million, down from HKD 228.2 million on March 31, 2025[62] Business Segments - E-commerce business revenue increased to HKD 307,522,000 in 2025, up 10.8% from HKD 277,470,000 in 2024[25] - Construction business revenue decreased significantly to HKD 64,238,000 in 2025, down 89.1% from HKD 589,531,000 in 2024[26] - The e-commerce segment continued to perform strongly, benefiting from the sustained increase in consumer demand for online shopping and improved platform operational efficiency[53] - The construction segment is expected to face challenges in the short term due to a weakening market environment and rising labor costs, impacting project profitability[58] Shareholder and Governance - The company paid dividends to non-controlling interests amounting to HKD 17,358,000 during the period, compared to HKD 10,720,000 in the previous year, reflecting an increase in dividend distribution[9] - The company did not recommend any dividend payment for the six months ending September 30, 2025, consistent with the previous year[45] - The company adopted a share incentive plan on April 23, 2025, which will be effective for 10 years, allowing eligible participants to receive shares up to 10% of the total shares issued as of the adoption date[75] - A total of 3,736,000 share incentives were granted to selected participants during the six months ended September 30, 2025, with a total share-based payment expense of HKD 9,900,000 recognized[76] - The company has complied with all applicable provisions of the corporate governance code since its listing, except for the separation of the roles of chairman and CEO, which are currently performed collectively by the executive directors[79] Future Outlook - Future outlook remains cautious due to the significant losses reported and increased cash outflows, which may impact strategic decisions moving forward[8] - The group expects the e-commerce business to continue benefiting from structural changes in consumer demand for online shopping in China, with a focus on enhancing product selection and operational performance[57] Audit and Compliance - The interim report has not been audited by external auditors but has been reviewed by the audit committee[85] - The company confirmed compliance with the listing rules as of September 30, 2025[83] Miscellaneous - The company has not reported any new product launches or technological advancements in the current financial period, focusing instead on operational adjustments[8] - The company expressed gratitude to management, employees, shareholders, and business partners for their support during the period[87] - The interim results announcement and report will be published on the company's website and the Hong Kong Stock Exchange website[86]

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分內容而產生或因倚賴該等內容而引致的任何損失 承擔任何責任。 Beijing Biostar Pharmaceuticals Co., Ltd. 北 京 華 昊 中 天 生 物 醫 藥 股 份 有 限 公 司 （ 於中華人民共和國註冊成立的股份有限公司） （股份代號：2563） 補充公告 截至2024年12月31日止年度之年報 茲提 述北 京華 昊中 天生 物醫 藥股 份有 限公 司（「 本公 司」）於2025 年7 月 24 日 刊發 之本 公司 截 至2024年12月31日止年度之年報（「2024年報」）。除另行界定外，本公告所用詞彙與2024年 報所載者具有相同涵義。 僱員激勵計劃 授出獎勵之詳情 截至2024年報日期，僱員激勵計劃授出獎勵之詳情如下： | | | | | | | | | | | 報告期內緊 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | ...

Financial Performance - The group's revenue for the six months ended September 30, 2025, was approximately HKD 83.7 million, a decrease of about 29.1% compared to HKD 118.0 million in the same period of 2024[8]. - Profit attributable to owners of the company for the period was approximately HKD 4.3 million, compared to HKD 4.7 million in 2024[8]. - Basic earnings per share for the period was approximately HKD 5.05, down from HKD 5.44 (restated) in 2024[9]. - The group's gross profit for the period was HKD 18.1 million, compared to HKD 19.4 million in the previous year[9]. - Operating profit for the period was HKD 7.0 million, an increase from HKD 6.5 million in 2024[9]. - The company recorded a total comprehensive income of HKD 4,341,000 for the six months ended September 30, 2025, compared to HKD 4,683,000 for the same period in 2024, showing a decrease of 7.3%[12]. - For the six months ended September 30, 2025, the company reported a pre-tax profit of approximately HKD 4,341,000, a decrease from HKD 4,683,000 in the same period of 2024, reflecting a decline of about 7.3%[29]. - The company’s total revenue from customer projects for 2025 was HKD 22,157,000 from Customer 1, down from HKD 51,605,000 in 2024, indicating a significant decrease of approximately 57.1%[24]. - Interest income for the six months ended September 30, 2025, was HKD 2,000, a decrease of 71.4% compared to HKD 7,000 in 2024[25]. - The company reported total payables of HKD 60,820,000 as of September 30, 2025, up from HKD 40,861,000 as of March 31, 2025, reflecting an increase of about 48.9%[33]. Cash Flow and Assets - For the six months ended September 30, 2025, the company reported a net cash outflow from operating activities of HKD (5,453,000), compared to HKD (731,000) for the same period in 2024, indicating a significant increase in cash outflow[14]. - The net cash and cash equivalents decreased to HKD 9,010,000 as of September 30, 2025, down from HKD 9,305,000 at the end of the same period in 2024[14]. - The company's total equity as of September 30, 2025, was HKD 56.1 million, up from HKD 51.7 million as of March 31, 2025[11]. - Total assets less current liabilities as of September 30, 2025, amounted to HKD 60.1 million, compared to HKD 56.2 million as of March 31, 2025[11]. - Current liabilities increased to HKD 134.0 million from HKD 104.9 million as of March 31, 2025[10]. - The total accounts receivable as of September 30, 2025, was HKD 30,761,000, a significant increase from HKD 16,534,000 as of March 31, 2025, representing an increase of approximately 85.5%[32]. Operational Highlights - The company continues to engage in construction and renovation services, with a strategic focus on improving operational efficiency amidst declining revenues[18][19]. - The revenue from renovation projects significantly dropped to HKD 3,940,000 in 2025 from HKD 29,514,000 in 2024, reflecting a decline of 86.7%[18][21]. - Revenue from refurbishment projects for the six months ended September 30, 2025, was approximately HKD 3.9 million, a significant decrease of about 86.7% compared to approximately HKD 29.5 million in the same period of 2024[37]. - The gross profit margin for the renovation segment was 16.8% in 2025, down from 2.9% in 2024, reflecting challenges in maintaining profitability[20][21]. - The company aims to expand its business in the public sector due to anticipated growth in land supply, which is expected to create ongoing opportunities[42]. Shareholder Information - The board of directors did not recommend any dividend payment for the period[8]. - The company did not declare any dividends for the period, consistent with the previous year[28]. - The company plans to conduct a rights issue at a subscription price of HKD 0.110 per share, with the proposal approved by shareholders on November 10, 2025[34]. - The company announced a proposed rights issue on September 4, 2025, offering 160,000,000 shares at a subscription price of HKD 0.110 per share, with estimated net proceeds of approximately HKD 16.4 million[85]. - The net proceeds from the rights issue will be allocated as follows: HKD 13.7 million for participating in contract service projects requiring financial resources, and approximately HKD 2.7 million for general working capital[85]. Governance and Compliance - The audit and risk management committee, chaired by an independent non-executive director, has reviewed the company's financial reporting and internal controls[89]. - The company has adhered to the corporate governance code as per GEM Listing Rules, with a noted deviation regarding the roles of the chairman and CEO being held by the same individual[88]. - The financial information presented in the report has not been audited, and the directors have confirmed their responsibility for the preparation of the financial statements[84]. - The company has confirmed compliance with the GEM Listing Rules regarding securities trading by directors during the reporting period[78]. - There were no significant events occurring after the reporting period that would impact the financial statements[87]. Employee and Cost Management - The total employee costs for the six months ended September 30, 2025, were HKD 9,659,000, down from HKD 11,496,000 in 2024, indicating a decrease of approximately 15.9%[27]. - Administrative expenses for the six months ended September 30, 2025, were approximately HKD 11.4 million, down about 15.5% from approximately HKD 13.4 million in the same period of 2024, primarily due to increased use of AI tools[40]. - The company incurred financing costs totaling HKD 2,025,000 for the six months ended September 30, 2025, an increase of approximately 13.1% from HKD 1,790,000 in 2024[26]. Share Option Scheme - The company has adopted a share option scheme on September 30, 2019, allowing for the issuance of options not exceeding 10% of the total issued shares[63][66]. - A total of 8,000,000 share options were granted on August 15, 2022, and no options are available for grant as of September 30, 2025[66]. - The remaining validity period of the share option scheme is approximately 3 years and 10 months as of the report date[67]. - The maximum allocation of options to each participant in any 12-month period cannot exceed 1% of the total issued shares[68]. - The share option scheme will remain effective for a period of 10 years until September 29, 2029[69]. - The company may terminate the share option scheme at any time by resolution at a shareholders' meeting, with unexercised options remaining valid[75]. - The company has granted a total of 8,000,000 share options to directors and employees, with an exercise price of HKD 0.447 per share, all of which remain unexercised as of the reporting date[77].

香港聯合交易所有限公司（「聯交所」）GEM的特色 WAN LEADER INTERNATIONAL LIMITED 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 萬勵達國際有限公司 （ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：8482） 截至二零二五年九月三十日止六個月的 中期業績公告 GEM的定位，乃為中小型公司提供一個上市的市場，此等公司相比起其他在聯交所上市 的公司帶有較高投資風險。有意投資的人士應了解投資於該等公司的潛在風險，並應經 過審慎周詳考慮後方作出投資決定。 由於GEM上市公司普遍為中小型公司，在GEM買賣的證券可能會較於主板買賣之證券承 受較大的市場波動風險，同時無法保證在GEM買賣的證券會有高流通量的市場。 香港交易及結算所有限公司及聯交所對本公告的內容概不負責，對其準確性或完整性亦 不發表任何聲明，並明確表示，概不就因本公告全部或任何部分內容而產生或因倚賴該 等內容而引致的任何損失承擔任何責任。 ...

Financial Performance - The Group recorded a revenue of approximately HK$36.7 million for the six months ended 30 September 2025, representing an increase of approximately 0.2% compared to HK$36.6 million for the preceding period[9]. - The Group's loss for the period was approximately HK$4.1 million, a significant improvement from a loss of approximately HK$27.0 million in the preceding period, mainly due to decreased distribution costs and administrative expenses[10]. - The gross profit for the period was HK$634,000, down from HK$1,157,000 in the previous year, indicating a decline of 45.0%[101]. - The loss before income tax for the period was HK$4,078,000, significantly improved from a loss of HK$26,325,000 in the same period of 2024, reflecting a reduction of 84.5%[101]. - The total comprehensive expense for the period was approximately HK$2.8 million, down from approximately HK$26.3 million in the preceding period, attributed to a gain on disposal of subsidiaries of HK$6.1 million[27]. - The Company reported a loss for the period of HK$4,078,000 for the six months ended September 30, 2025[108]. - The loss attributable to owners of the company was HK$4,078,000, a significant improvement compared to a loss of HK$22,382,000 in the same period last year[168]. Revenue Breakdown - The advertising services business recorded a revenue of approximately HK$36.7 million, an increase of approximately 5.3% from approximately HK$34.8 million in the preceding period, driven by recovering market sentiments[15]. - For the six months ended 30 September 2025, total revenue from external customers was HK$36,684,000, compared to HK$36,604,000 for the same period in 2024, representing an increase of 0.22%[143]. - Sales of health care products were HK$1,633,000 for the six months ended 30 September 2025, down from HK$36,604,000 in the previous period, indicating a significant decline[145]. - Advertising service income increased to HK$36,684,000 from HK$34,826,000, reflecting a growth of approximately 5.3%[145]. - Sales of new energy batteries were HK$145,000 for the six months ended 30 September 2025, a decrease from HK$229,000 in the previous period[145]. Expenses and Cost Management - Administrative expenses decreased by approximately 57.2% to approximately HK$11.2 million, down from approximately HK$26.2 million in the preceding period, primarily due to reduced professional fees and business expenditures following the disposal of subsidiaries[25]. - The total staff costs amounted to approximately HK$1.0 million as of September 30, 2025, a decrease from approximately HK$3.6 million for the same period in 2024[49]. - Employee benefit expenses, including directors' remuneration, decreased to HK$1,031,000 from HK$3,596,000, a decline of 71.4%[158]. - The Group's finance costs decreased significantly from approximately HK$1.0 million to approximately HK$0.3 million compared to the preceding period[26]. Cash Flow and Liquidity - As of 30 September 2025, the Group had cash and cash equivalents of approximately HK$0.7 million, an increase from approximately HK$0.1 million as of 31 March 2025, primarily due to fund-raising activities[31]. - The Group's current ratio was approximately 2.47, lower than 2.78 as of 31 March 2025, but still considered acceptable[31]. - The company's cash and cash equivalents increased to HK$721,000 as of September 30, 2025, up from HK$111,000 as of March 31, 2025, marking a substantial increase of over 549%[104]. - Net cash used in operating activities decreased to HK$572,000 from HK$3,130,000 year-over-year, indicating improved operational efficiency[112]. - Total cash and cash equivalents at the end of the reporting period were HK$721,000, a decrease from HK$27,329,000 at the beginning of the period[112]. Share Capital and Financing Activities - On July 18, 2025, the company raised approximately HK$1.45 million through the placement of 18,341,363 new shares at a price of HK$0.081 per share[39]. - The Group plans to raise gross proceeds of up to approximately HK$6.93 million through a rights issue, offering 11,555,058 rights shares at HK$0.60 per share, with estimated net proceeds of approximately HK$6.2 million after expenses[59]. - On September 25, 2025, the Group entered into a placing agreement to issue up to 3,851,686 new shares at HK$0.78 per share, raising approximately HK$2.9 million for general working capital[56]. - The total issued and fully paid ordinary shares as of September 30, 2025, were 19,258,000, reflecting a capital consolidation[185]. - The share capital increased from HK$37,000 as of March 31, 2025, to HK$39,000 as of September 30, 2025, reflecting a growth of 5.4%[105]. Corporate Governance and Compliance - The Company has complied with all code provisions of the Corporate Governance Code for the six months ended September 30, 2025[85]. - The Audit Committee reviewed the unaudited interim report and confirmed compliance with applicable accounting standards and GEM Listing Rules[96]. - The financial statements have been prepared in accordance with HKAS 34, ensuring compliance with relevant accounting standards[116]. - The Group does not anticipate any material impact from the adoption of new HKFRS Accounting Standards in future periods[122]. Future Outlook and Strategy - The Group anticipates a clearer outlook for its advertising business in 2026 due to improving macroeconomic conditions and market environment[65]. - The focus will shift towards hyper-targeted marketing campaigns leveraging artificial intelligence and machine learning to enhance consumer engagement and conversion rates[66]. - The Group aims to expand investments in digital media, particularly in augmented and virtual reality, to capture new audiences and strengthen existing customer relationships[67]. - The Company aims to achieve excellence and believes that innovative strategies will drive revenue growth and expand market share in 2026 and beyond[74].

Financial Performance - The group's revenue for the six months ended September 30, 2025, was approximately HKD 28.6 million, a decrease of 33.9% compared to HKD 43.3 million for the same period in 2024[3] - The gross loss margin for the six months ended September 30, 2025, was approximately 13.1%, compared to 9.0% for the same period in 2024[3] - The group's loss before tax for the six months ended September 30, 2025, was approximately HKD 10.3 million, slightly improved from a loss of HKD 10.5 million for the same period in 2024[3] - The basic loss per share for the six months ended September 30, 2025, was approximately HKD 1.66, compared to HKD 1.69 for the same period in 2024[3] - Total revenue for the six months ended September 30, 2025, was HKD 28,606,000, a decline of 34.0% compared to HKD 43,338,000 for the same period in 2024[16] - The company reported a pre-tax loss of HKD 10,290,000 for the six months ended September 30, 2025, compared to a pre-tax loss of HKD 10,491,000 for the same period in 2024[22] - Basic loss per share attributable to the owners of the company for the six months ended September 30, 2025, was HKD 0.0166, slightly improved from HKD 0.0169 in the same period of 2024[25] - Total loss attributable to owners for the six months ended September 30, 2025, was approximately HKD 10.3 million, consistent with approximately HKD 10.5 million for the six months ended September 30, 2024[47] Assets and Liabilities - Non-current assets as of September 30, 2025, totaled HKD 10.4 million, down from HKD 17.0 million as of March 31, 2025[6] - Current assets as of September 30, 2025, were HKD 178.3 million, slightly decreased from HKD 180.3 million as of March 31, 2025[6] - Current liabilities as of September 30, 2025, were HKD 34.4 million, an increase from HKD 32.7 million as of March 31, 2025[6] - Total equity as of September 30, 2025, was HKD 154.3 million, down from HKD 164.6 million as of March 31, 2025[6] - Trade receivables as of September 30, 2025, amounted to HKD 8,157,000, a significant increase from HKD 2,550,000 as of March 31, 2025[29] - The expected credit loss provision for trade receivables increased to HKD 80,000 as of September 30, 2025, compared to HKD 24,000 as of March 31, 2025[29] - Total liabilities, including trade payables and other payables, increased to HKD 31,938,000 as of September 30, 2025, from HKD 30,609,000 as of March 31, 2025[35] Revenue Breakdown - Revenue from renovation and extension engineering services for the six months ended September 30, 2025, was HKD 20,912,000, a decrease of 27.6% from HKD 28,896,000 in the same period of 2024[16] - Revenue from civil engineering services for the six months ended September 30, 2025, was HKD 7,694,000, down 46.6% from HKD 14,442,000 in the same period of 2024[16] Dividends and Shareholder Information - The board did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[3] - The company declared a final dividend of HKD 0.04 per ordinary share, totaling HKD 24,800,000, payable on October 17, 2025[37] - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025, and the total amount of final dividend paid for the year ended March 31, 2025, was HKD 24,800,000[24] - The major shareholder, Kyosei Technology Inc., holds 465 million shares, representing 75% of the company[60] Corporate Governance - The company has adopted the corporate governance code as per the listing rules[62] - The company has complied with all corporate governance code provisions as of September 30, 2025, and will continue to review and enhance its governance practices[63] - The company has adopted the standard code for securities trading as per the listing rules, confirming compliance by all directors as of September 30, 2025[64] - The board of directors includes both executive and non-executive members, ensuring a diverse governance structure[74] - The audit committee, consisting of three independent non-executive directors, has reviewed and approved the interim financial results, which have not been audited[73] Employee and Operational Information - The total employee cost for the six months ended September 30, 2025, was approximately HKD 9.3 million, a decrease from HKD 11.9 million for the same period in 2024[55] - The group employed 49 full-time employees as of September 30, 2025, an increase from 40 full-time employees as of September 30, 2024[55] - The company is strategically preparing for a moderate market recovery in Hong Kong in 2025, focusing on public sector contracts and diversifying its client base to mitigate cyclical fluctuations[40] Future Outlook and Strategic Plans - The company is currently evaluating the impact of new accounting standards that are expected to be adopted, but believes they are unlikely to have a significant effect on the financial statements[14] - There are no significant future plans for major investments or capital assets as of September 30, 2025[54] - The company has no significant capital commitments or contingent liabilities as of September 30, 2025[52] - There were no major investments, acquisitions, or disposals of subsidiaries or associates during the six months ended September 30, 2025[53] Reporting and Transparency - The interim report for the six months ending September 30, 2025, will be sent to shareholders and available on the company's website and the Hong Kong Stock Exchange website[74] - The announcement reflects the company's ongoing efforts to keep stakeholders informed about its financial health[74] - The report will likely include key performance indicators and metrics relevant to investors[74] - The company aims to enhance shareholder value through effective communication of its financial status[74] - The announcement is part of the company's regular reporting cycle, highlighting its commitment to corporate governance[74]

Financial Performance - The Group recorded a revenue of approximately HK$36.7 million for the six months ended 30 September 2025, representing an increase of approximately 0.2% compared to HK$36.6 million for the same period in 2024[12]. - The Group reported a loss of approximately HK$4.1 million for the Period, a significant improvement from a loss of approximately HK$27.0 million in the preceding period, mainly due to reduced distribution costs and administrative expenses[13]. - The advertising services segment generated revenue of approximately HK$36.7 million, up approximately 5.3% from HK$34.8 million in the preceding period, attributed to recovering market sentiments[18]. - The Group's administrative expenses decreased by approximately 57.2% to approximately HK$11.2 million, down from approximately HK$26.2 million in the preceding period[28][31]. - Finance costs significantly decreased from approximately HK$1.0 million to approximately HK$0.3 million compared to the preceding period[29][32]. - The Group recorded a loss of approximately HK$4.1 million for the period, a significant decrease from a loss of approximately HK$27.0 million in the preceding period, primarily due to a gain on disposal of subsidiaries of HK$6.1 million[30][33]. - Gross profit decreased to HK$634,000, down 45.1% from HK$1,157,000 year-over-year[104]. - Loss before income tax improved to HK$4,078,000, a significant reduction of 84.5% from HK$26,325,000 in the previous year[104]. - Total comprehensive expense for the period was HK$2,835,000, a decrease from HK$26,309,000 in the prior year, reflecting improved financial performance[105]. - The company reported a basic and diluted loss per share of HK(21.91) cents, a significant improvement from HK(383.48) cents in the previous year[105]. - Loss attributable to owners of the Company for the six months ended 30 September 2025 was HK$4,078,000, a significant improvement from HK$22,382,000 in the same period of 2024, representing an 81.8% reduction[171]. Cash Flow and Liquidity - As of 30 September 2025, the Group had cash and cash equivalents of approximately HK$0.7 million, an increase from approximately HK$0.1 million as of 31 March 2025[34][36]. - The net cash used in operating activities for the six months ended September 30, 2025, is HK$572,000, an improvement from HK$3,130,000 in the same period of 2024[115]. - The company generated net cash of HK$1,168,000 from financing activities, compared to HK$24,315,000 in the previous year, primarily due to a decrease in proceeds from borrowings[115]. - The cash and cash equivalents at the end of the reporting period are HK$721,000, down from HK$27,329,000 at the beginning of the period[115]. - Interest income from loan receivables increased to HK$664,000 for the six months ended 30 September 2025, compared to HK$378,000 in 2024[156]. - Cash and cash equivalents increased to HK$721,000 from HK$111,000, indicating improved liquidity[107]. Segment Disposals and Operations - The Group has disposed of its new energy batteries segment, resulting in no revenue from this segment during the Period[20]. - The new energy off-road vehicles segment was also disposed of, with no revenue recorded from sales during the Period[21]. - The health care products segment was disposed of, leading to no revenue from this segment during the Period[22]. - The Group plans to closely monitor existing operations and allocate resources proportionately to maintain steady operations and capture business opportunities in the second half of the year[19]. - The focus will shift primarily to advertising and marketing, following the sale of other business segments during the year[73]. Future Outlook and Strategy - The Group anticipates a clearer outlook for the advertising business in 2026 due to improving macroeconomic conditions and market environment[68]. - The Group plans to focus on hyper-targeted campaigns leveraging artificial intelligence and machine learning to enhance consumer engagement and conversion rates[69]. - The Group aims to expand investment in digital media, particularly in augmented and virtual reality, to capture new audiences and strengthen existing customer relationships[70]. - The Group emphasizes data-driven strategies and innovative digital platforms to create personalized marketing experiences, aiming for transformative growth in the advertising and marketing sector[73]. - Sustainability and social responsibility will remain core to the Group's operations, aligning brand value with contemporary consumer ideals[73]. - The Group is committed to optimizing strategies to ensure agility in a rapidly changing environment, laying the foundation for future success[73]. Share Capital and Corporate Governance - The Company implemented a share consolidation, consolidating every 20 shares into one share, effective from 23 September 2025[38][40]. - The share option scheme, effective from April 6, 2023, has a mandate limit refreshed to 10% of issued shares, with 382,114 shares available for issue as of the report date[81]. - The number of share options available for grant under the scheme decreased from 7,642,281 at the beginning of the period to 382,114 at the end of the period[82]. - The company has complied with all code provisions of the Corporate Governance Code for the six months ended September 30, 2025[88]. - The Audit Committee reviewed the unaudited interim report for the six months ended September 30, 2025, confirming compliance with applicable accounting standards and GEM Listing Rules[99]. - The company has maintained a code of conduct regarding Directors' securities transactions, which has been complied with during the reporting period[91]. Shareholder Information - As of September 30, 2025, there were no substantial shareholders with interests or short positions in the shares of the Company that required disclosure[80]. - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[167]. - The provision for PRC Enterprise Income Tax was calculated at a standard rate of 25%, with the group qualifying for a preferential income tax rate of 5% on profits not exceeding RMB3 million from 1 January 2023 to 31 December 2027[165]. Assets and Liabilities - Current assets decreased to HK$95,019,000 from HK$97,514,000, while current liabilities increased to HK$38,487,000 from HK$35,039,000[107]. - Net current assets stood at HK$56,532,000, down from HK$62,475,000 as of March 31, 2025[107]. - The Group's total liabilities as of September 30, 2025, were HK$38,487,000, with segment liabilities from advertising at HK$38,247,000[141]. - The equity attributable to owners of the company decreased to HK$56,911,000 from HK$63,800,000, reflecting changes in the company's financial position[108]. - The company reported a total comprehensive income of HK$ (2,943,000) for the period, which includes an exchange difference of HK$ (458,000) and a reclassification of reserve upon disposal of subsidiaries amounting to HK$1,593,000[111].