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。 Sang Hing Holdings (International) Limited 1 業績 生興控股（國際）有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然宣佈，本公司 及其附屬公司（統稱為「本集團」）截至二零二五年九月三十日止六個月的未經審核中 期業績，連同截至二零二四年九月三十日止六個月的比較數字如下： 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 | | | 附註 | 千港元 | 千港元 | | | | （未經審核） | （未經審核） | | 收益 | 3 | 132,880 | 89,731 | | 服務成本 | | (129,504) | (87,103) | | 毛利 | | 3,376 | 2,628 | | 其他收入及其他收 ...

Financial Performance - For the six months ended September 30, 2025, the revenue was approximately HKD 15,126,000, a decrease of 30% compared to HKD 21,722,000 in the same period last year[4]. - The profit attributable to the owners of the company for the same period was approximately HKD 37,251,000, compared to a loss of HKD 2,557,000 in the previous year[4]. - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year[4]. - The overall digital advertising market in China faced significant headwinds, with weak consumer spending and economic uncertainty impacting marketing budgets[6]. - The real estate market in China continued to show negative growth, affecting the company's advertising revenue from property-related clients[9]. - The company expects a challenging operating environment for the remainder of 2025 and into 2026, with weak consumer confidence and geopolitical risks impacting traditional business sectors[16]. - The company reported a profit of HKD 35,830,000 for the six months ended September 30, 2025, compared to a loss of HKD 3,800,000 in the previous period[32]. - Total comprehensive loss for the period amounted to HKD 37,691,000, a significant increase from a loss of HKD 1,333,000 in the prior year[32]. - The company reported a total comprehensive loss of HKD (1,887,000) for the six months ended September 30, 2024, compared to a loss of HKD (234,000) for the same period in 2025, reflecting a year-over-year improvement[48]. Revenue Segments - The smart advertising segment generated revenue of approximately HKD 14,818,000 for the six months ended September 30, 2025[10]. - The agricultural products and consumer goods segment did not generate any revenue during the same period[11]. - The supply chain business did not generate any revenue for the six months ended September 30, 2025[13]. - Revenue for mobile advertising media services decreased to HKD 14,818 thousand in the six months ended September 30, 2025, down from HKD 20,943 thousand in the same period of 2024, representing a decline of approximately 29.5%[40]. - Total revenue for the six months ended September 30, 2025, was HKD 15,126 thousand, compared to HKD 21,722 thousand in 2024, indicating a decrease of about 30.4%[40]. Asset Management - As of September 30, 2025, the company's cash and bank deposits were approximately HKD 2,573,000, a decrease of about 63.56% from HKD 7,061,000 on March 31, 2025[21]. - The company maintains a prudent treasury policy to ensure sufficient cash for expected expenditures and to provide reasonable buffers for emergencies[22]. - The company's asset-to-equity ratio as of September 30, 2025, was 56.88%[25]. - Non-current assets totaled HKD 32,767,000, while current assets were HKD 43,556,000, indicating a decrease in total assets from HKD 96,968,000[33]. - Current liabilities decreased to HKD 39,794,000 from HKD 160,919,000, reflecting improved liquidity management[33]. - The company has a net current asset/liability position of HKD 3,762,000, a significant improvement from a net liability of HKD 63,951,000[33]. - The company’s equity attributable to owners was HKD 17,311,000, a decrease from HKD 27,773,000, indicating a decline in shareholder value[34]. Strategic Initiatives - The company is actively seeking investment opportunities in the NEV (New Energy Vehicle) industry and high-tech consumer products[12]. - The company is evaluating strategic opportunities in traditional Chinese medicine and health products[11]. - The successful sale of the property has strengthened the company's financial position and provided additional flexibility to explore new investment opportunities[16]. - The company is focusing on improving operational efficiency and exploring new market opportunities to enhance future growth prospects[34]. - The sale of subsidiaries is part of the company's strategy to streamline operations and focus on core business areas[80]. - The company aims to enhance shareholder value through strategic divestitures and effective management of its asset portfolio[82]. Employee and Governance - The company employed approximately 70 staff members as of September 30, 2025, down from 91 employees as of March 31, 2025[27]. - The company plans to continue investing in employee welfare, including medical insurance and retirement benefits[27]. - The company has applied the corporate governance code as per the GEM Listing Rules during the six months ending September 30, 2025[93]. - The board consists of three executive directors and three independent non-executive directors, responsible for reviewing and implementing the company's strategies and policies[102]. - The audit committee, composed of three independent non-executive directors, regularly meets with senior management to review the effectiveness of internal control systems and financial reporting[104]. Stock Options and Share Capital - The company has a stock option plan that allows for the issuance of up to 236,893,600 shares, equivalent to 10% of the issued shares as of the adoption date[86]. - The stock option plan is effective for a period of ten years from August 3, 2012, and allows for the granting of options to eligible participants[84]. - The maximum number of shares that can be issued under the stock option plan after the share consolidation is capped at 23,689,360 shares[86]. - The company’s stock options can be granted to senior management, employees, business partners, contractors, and consultants[87]. - As of September 30, 2025, the company has 11,700,000 stock options that remain unexercised and are set to expire on May 13, 2025[88]. - The weighted average exercise price for the stock options granted in the fiscal year 2022 is HKD 0.23549, with a total of 400,000 options granted[89]. - The company’s issued and fully paid ordinary shares remained at 332,270,000 as of September 30, 2025[76]. Cash Flow and Investments - Net cash used in operating activities for the six months ended September 30, 2025, was HKD 33,230 thousand, compared to a net cash outflow of HKD 3,180 thousand in 2024[36]. - The net cash used in investing activities was HKD 36,078 thousand for the six months ended September 30, 2025, compared to HKD 342 thousand in 2024[36]. - The company reported a gain from the sale of subsidiaries amounting to HKD 36,117,000 for the six months ended September 30, 2025, compared to HKD 408,000 for the same period in 2024[48]. - The company agreed to sell its subsidiary, 金略集团, for a cash consideration of HKD 1.00, with net liabilities of HKD 43,467,000 at the time of sale[80]. - The sale of 飞邁国际控股有限公司 was completed for a cash consideration of HKD 22,500,000, with net assets of HKD 52,000 at the time of sale, resulting in a loss of HKD 29,000[82]. - The company sold 萃和集团 for HKD 80,000,000, with net cash and cash equivalents of HKD 21,000 and other liabilities of HKD 18,000, resulting in a net cash inflow of HKD 79,000[83]. Shareholder Information - As of September 30, 2025, Zhao Xinyan holds 1,750,000 shares, representing 14.78% of total shares[109]. - Wu Meiqi owns 33,792,000 shares, accounting for 10.17% of total shares[109]. - The total number of shares held by Zhao Xinyan through Zansheng Limited is 47,378,000, which is 14.25% of the issued share capital[113]. - Gold City Assets Holdings Ltd., beneficially owned by Wu Meiqi, holds 33,792,000 shares, also 10.17% of the total[113]. - Lin Shunping holds 19,900,000 shares, representing 5.99% of the total issued shares[113]. - The company did not repurchase any shares during the six months ending September 30, 2025[115]. - There are no reported conflicts of interest among directors or major shareholders as of September 30, 2025[114]. - The company maintains sufficient public float as required by GEM listing rules[117].

（股份代號：00126） 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。 佳寧娜集團控股有限公司 CARRIANNA GROUP HOLDINGS COMPANY LIMITED （於百慕達註冊成立之有限公司） 截至二零二五年九月三十日止六個月之中期業績公佈 未經審核中期業績 佳寧娜集團控股有限公司（「本公司」）董事會（「董事會」）謹此宣佈，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 中期簡明綜合財務業績載列如下。此中期簡明綜合報表未經審核，但已由本 公司之審核委員會審閱。 簡明綜合損益表 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 | | | 附註 | 千港元 | 千港元 | | | | （未經審核） （未經審核） | | | 收入 | 4 | 324,560 | 324,050 | ...

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。 波司登國際控股有限公司 Bosideng International Holdings Limited （於開曼群島註冊成立之有限責任公司） （股份代號：3998） 截至2025年9月30日止六個月之中期業績 • 收入增加1.4%至約人民幣8,927.6百萬元。 中期業績 波司登國際控股有限公司（「本公司」或「波司登」）的董事（「董事」）會（「董事會」）謹此公佈本公 司及其附屬公司（統稱「本集團」或「波司登集團」）截至2025年9月30日止六個月的未經審核綜合 中期業績連同2024年同期的未經審核比較數據。該等中期財務報表未經審核，但已由本公司審 計委員會審閱並經董事會批准。中期業績亦已由本公司核數師畢馬威會計師事務所根據香港會 計師公會頒佈的香港審閱準則第2410號 實體的獨立核數師對中期財務資料的審閱 進行審閱，其 審閱中期財務報告的報告將載於 中期報告2025/26 。 1 摘要 • 毛利率小幅上 ...

Financial Performance - The total revenue for the six months ended September 30, 2025, was approximately HKD 174.2 million, representing an increase of about 17.8% compared to HKD 147.97 million for the same period in 2024[3]. - The profit attributable to the owners of the company for the six months ended September 30, 2025, was approximately HKD 27.0 million, an increase of about 5.1% from HKD 25.66 million in the previous period[3]. - The basic and diluted earnings per share for the six months ended September 30, 2025, were both HKD 2.70, compared to HKD 2.57 for the same period in 2024[4]. - For the six months ended September 30, 2025, the company's profit attributable to owners was HKD 26,976,000, compared to HKD 25,664,000 for the same period in 2024, representing an increase of 5.1%[36]. - Basic earnings per share for the six months ended September 30, 2025, was HKD 2.70, up from HKD 2.57 in 2024, reflecting a growth of 5.1%[36]. - Profit for the period increased by approximately 7.3% to about HKD 27.4 million from approximately HKD 25.5 million in the previous period[54]. Revenue Breakdown - The revenue from elderly care services was HKD 131,720,000, up from HKD 109,503,000 in the previous year, reflecting a growth of 20.3%[27]. - Revenue from elderly home services accounted for 92.9% of total revenue, with HKD 73.1 million from the Social Welfare Department's purchase of beds under the Improvement Purchase Scheme and HKD 58.6 million from individual customers[51]. - Revenue from community care services increased to HKD 7.2 million, up from HKD 1.6 million in the previous period, representing a growth of 359%[51]. Assets and Liabilities - The total assets as of September 30, 2025, amounted to HKD 791.44 million, a decrease from HKD 809.57 million as of March 31, 2025[7]. - The total liabilities as of September 30, 2025, were HKD 339.75 million, down from HKD 367.34 million as of March 31, 2025[8]. - Non-current assets totaled HKD 698.92 million as of September 30, 2025, compared to HKD 716.80 million as of March 31, 2025[7]. - Current assets were HKD 92.53 million as of September 30, 2025, slightly down from HKD 92.77 million as of March 31, 2025[7]. - The total trade receivables as of September 30, 2025, amounted to HKD 20,836,000, an increase from HKD 16,001,000 as of March 31, 2025, indicating a growth of 30.0%[38]. - The total liabilities were HKD 339,747,000 as of September 30, 2025, compared to HKD 367,338,000 as of March 31, 2025, showing a reduction of 7.5%[25]. Dividends and Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous period where no dividend was declared[3]. - The company has not purchased, sold, or redeemed any of its listed securities during the reporting period, and holds no treasury shares[74]. - As of September 30, 2025, a total of 60 million share options were granted under the share option scheme, representing 6% of the company's issued share capital[78]. Employee and Operational Metrics - The net employee benefits expenses for the six months ended September 30, 2025, were HKD 71,079,000, compared to HKD 58,496,000 in 2024, representing a significant increase of 21.5%[35]. - Total full-time and part-time employees increased to 594 as of September 30, 2025, from 585 as of March 31, 2025[70]. - Employee benefits expenses increased from approximately HKD 58.5 million to about HKD 71.1 million, primarily due to the full operation of two nursing homes in Lam Tin starting in June and September 2024, which increased the workforce[52]. Capital Expenditure and Commitments - The capital expenditure for the six months ended September 30, 2025, was HKD 11,823,000, compared to HKD 3,646,000 in the same period last year, indicating a significant increase[22]. - The capital commitments for property and equipment as of September 30, 2025, were approximately HKD 7.0 million, slightly down from HKD 7.4 million as of March 31, 2025[40]. Future Plans and Market Position - The company aims to solidify its market position as a long-established private elderly care operator in Hong Kong and plans to expand its network of elderly care homes strategically[72]. - The group completed the acquisition of a nursing home in Tsuen Wan for HKD 2 million, which began operations in August 2025, providing approximately 192 beds[63]. - The group has plans to establish a new nursing home in Yuen Long, expected to start operations by the end of 2026, providing around 250 beds[65]. - A new elderly care home with 192 beds in Tsuen Wan commenced operations in August 2025, and a second phase with 146 beds in Lam Tin is expected to start operations in November 2025[72]. - The company completed the acquisition of four plots of land in Yuen Long in July 2021 to establish a new elderly care home, projected to provide around 250 beds and begin operations by the end of 2026[72]. Governance and Compliance - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with the standards set by the Hong Kong Stock Exchange[75]. - The company has adhered to all corporate governance code provisions during the reporting period, with a noted deviation regarding the separation of roles between the Chairman and CEO[79][80]. - The Audit Committee was established on May 20, 2019, consisting of three independent non-executive directors, with Mr. Ko Yan Fung as the chairman[81]. Market Trends - The government projects that by 2046, over one-third of Hong Kong residents will be aged 65 or older, totaling approximately 2.7 million people, leading to increased demand for elderly care services[71].

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 279.607 million, a decrease of 13.5% compared to HKD 323.320 million for the same period in 2024[3] - Gross profit for the same period was HKD 54.217 million, representing a gross margin of 19.4%[3] - The net loss for the six months ended September 30, 2025, was HKD 8.134 million, an improvement from a net loss of HKD 15.367 million in the prior year[3] - The group experienced a pre-tax loss of HKD 7.303 million for the six months ended September 30, 2025, compared to a pre-tax loss of HKD 15.202 million for the same period in the previous year[15][18] - For the six months ended September 30, 2025, the company reported a loss attributable to shareholders of HKD 7,624,000, compared to a loss of HKD 14,785,000 for the same period in 2024[22] - Revenue decreased compared to the same period last year, but the pre-tax loss reduced by 52.0% to HKD 7,300,000 due to improved operational efficiency and cost control[38] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 438.418 million, down from HKD 468.428 million as of March 31, 2025[7] - Current liabilities decreased to HKD 151.837 million from HKD 174.245 million as of March 31, 2025[7] - As of September 30, 2025, the company's trade receivables amounted to HKD 65,141,000, a decrease from HKD 104,196,000 as of March 31, 2025[25] - As of September 30, 2025, the company's trade payables amounted to HKD 56,320,000, slightly down from HKD 57,487,000 as of March 31, 2025[26] - Cash level as of September 30, 2025, was HKD 252,400,000, up from HKD 240,500,000 on March 31, 2025, with bank borrowings totaling HKD 53,300,000[43] - The asset-to-liability ratio as of September 30, 2025, was 14.5%, indicating a stable financial position[43] Operational Efficiency - The company plans to focus on improving operational efficiency and exploring new market opportunities to enhance future performance[3] - The group focused on improving production efficiency and controlling operational costs, leading to a reduction in operational losses compared to the same period last year[31] - The company is enhancing its flexible manufacturing platform in Vietnam to alleviate supply chain pressures and adapt to changing demand[39] Market Performance - For the six months ended September 30, 2025, total revenue from Asia was HKD 162.839 million, North America HKD 101.087 million, and Europe & Others HKD 15.681 million, totaling HKD 279.607 million[15] - Sales in the North American market decreased by 23.3% to HKD 101,100,000, accounting for 36.2% of the group's total revenue, with sales in the U.S. market representing 73.7% of this segment[32] - Sales in the Asian market decreased by 8.4% to HKD 162,800,000, contributing 58.2% to the group's total revenue, primarily due to an 8% decline in sales to the Chinese market, which generated HKD 151,300,000[35] - Sales to domestic brand customers in China decreased by 11.5% to HKD 43,000,000, reflecting the impact of the ongoing economic slowdown and low consumer confidence[35] - The group's retail sales in China slightly declined by 6.4% to HKD 108,100,000, but the operating profit from its own retail business increased by 31.3% to HKD 4,200,000[36] Employee and Administrative Expenses - Employee benefits expenses totaled HKD 63.797 million for the six months ended September 30, 2025, an increase from HKD 53.631 million in the previous year[18] - Administrative expenses increased by 5.4% to HKD 38,800,000, mainly due to unfavorable foreign exchange movements amounting to approximately HKD 1,900,000 compared to the same period last year[38] - The group employed approximately 1,400 employees as of September 30, 2025, down from 1,500 on March 31, 2025[49] Corporate Governance - The company’s auditor issued a report with an unqualified opinion for the financial statements for the year ending March 31, 2025[10] - The audit committee, including three independent non-executive directors, reviewed the group's accounting policies and financial reporting matters[51] - The company adhered to all corporate governance codes as stipulated by the Hong Kong Stock Exchange during the period[52] - All directors confirmed compliance with the standards for securities trading throughout the period[53] Sustainability and Compliance - The group implemented sustainable development practices and ensured compliance with environmental regulations across its manufacturing and retail operations[30] - The company maintains a prudent financial policy to hedge against currency and interest rate risks, considering foreign exchange impacts in its contracts[46] Dividends and Shareholder Information - The company did not declare an interim dividend for the six months ended September 30, 2025, consistent with the previous year[21][28] - The average number of ordinary shares in issue for the calculation of basic and diluted loss per share remained at 451,067,557 shares[22]

Financial Performance - Total revenue for the six months ended September 30, 2025, was approximately RMB 2,352.0 million, an increase of about 10.5% compared to RMB 2,128.2 million for the same period in 2024[2] - Profit for the six months ended September 30, 2025, was approximately RMB 92.0 million, representing a year-on-year increase of about 22.1% from RMB 75.3 million[2] - Basic earnings per share for the six months ended September 30, 2025, was RMB 0.10, an increase of approximately 11.1% compared to RMB 0.09 for the same period in 2024[2] - Gross profit for the six months ended September 30, 2025, was RMB 233.6 million, up from RMB 184.6 million in the previous year, reflecting a significant improvement in profitability[3] - The company reported a total comprehensive income of RMB 93.6 million for the six months ended September 30, 2025, compared to RMB 77.4 million in the previous year, reflecting overall growth[5] - The company reported a net profit of RMB 94,842,000 for the six months ended September 30, 2025, compared to RMB 80,690,000 for the same period in 2024, reflecting a growth of 17.5%[26] - The company's net profit for the six months ended September 30, 2026, was approximately RMB 92.0 million, a 22.1% increase from RMB 75.3 million in the prior year[49] Revenue Sources - Potassium chloride sales contributed RMB 2,170,456,000, up 13.5% from RMB 1,911,006,000 year-over-year[15] - The sales of potassium chloride and potassium sulfate accounted for approximately 92.3% and 6.7% of total revenue, respectively[37] Expenses and Costs - Research and development expenses for the six months ended September 30, 2025, were RMB 19.0 million, compared to RMB 16.8 million in the same period last year, indicating a focus on innovation[3] - Interest expenses on borrowings increased to RMB 11,830,000 from RMB 10,709,000, representing a rise of 10.5%[19] - The cost of inventory recognized as an expense was RMB 2,117,251,000, up from RMB 1,942,601,000, indicating an increase of 9.0%[23] - Cost of goods sold for the six months ended September 30, 2026, was approximately RMB 2,118.4 million, a 9.0% increase from RMB 1,943.7 million in the prior year[38] - General and administrative expenses increased by approximately 16.8% to about RMB 73.7 million, attributed to higher professional fees and business travel expenses[44] Assets and Liabilities - Total assets as of September 30, 2025, were RMB 4,001.7 million, a slight decrease from RMB 4,447.7 million as of March 31, 2025[6] - Current liabilities as of September 30, 2025, were RMB 1,710.0 million, down from RMB 2,161.9 million as of March 31, 2025, indicating improved liquidity management[6] - The company's equity attributable to owners was RMB 2,758.96 million as of September 30, 2025, compared to RMB 2,730.71 million as of March 31, 2025, showing a positive trend in shareholder value[7] - As of September 30, 2025, trade receivables amounted to RMB 184.7 million after deducting credit loss provisions, compared to RMB 312.3 million as of March 31, 2025[30] - The total amount of notes receivable as of September 30, 2025, was approximately RMB 203.3 million, an increase from RMB 129.9 million as of March 31, 2025[30] Dividends and Shareholder Returns - The company declared a final dividend of RMB 0.075 per share for the year ending March 31, 2025, compared to RMB 0.061 per share for the previous year, marking a 22.95% increase[24] - The board recommended a final dividend of RMB 0.075 per share for the year ended March 31, 2025, which was approved by shareholders and paid on October 10, 2025[66] - The board of directors decided not to declare any interim dividend for the six months of the 2026 fiscal year, consistent with the previous fiscal year[66] Strategic Initiatives - The company continues to focus on the production and trade of specialty potassium fertilizers in China, indicating a strategic commitment to its core business[9] - The company plans to establish a subsidiary in Vietnam to operate a new production facility, which is expected to meet the emerging demand in the Asian market[35] - The company has signed a memorandum of understanding to sublease a site for the new facility and is currently seeking necessary local approvals[35] - The company is evaluating strategic business development opportunities in the Middle East, aligning with its long-term global development strategy[35] - The company completed the registration and office leasing for its subsidiary in the Dubai International Financial Centre and Dubai Multi Commodities Centre Free Zone[35] Future Outlook - The company has outlined a future outlook with an expected revenue target of $500 million for the fiscal year 2026, representing a 10% growth year-over-year[77] - The company plans to implement a new marketing strategy that targets eco-conscious consumers, potentially increasing customer base by 18%[77] - The management has provided guidance for the next quarter, expecting a 5% increase in gross margin due to cost optimization strategies[77] Employee and Operational Metrics - As of September 30, 2025, the group had a total of 423 employees, a decrease from 428 employees as of March 31, 2025[65] - The total employee cost for the six months of the 2026 fiscal year was approximately RMB 32.2 million, compared to RMB 31.2 million for the same period in the 2025 fiscal year, reflecting an increase of 3.2%[65] Compliance and Governance - The audit committee reviewed the unaudited interim results for the six months of the 2026 fiscal year and confirmed compliance with applicable accounting principles and standards[70] - The board believes that having the same person serve as both chairman and CEO is beneficial for ensuring internal leadership consistency and effective strategic planning[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所產生或因依賴該等內容而引致的任何損失承擔任何責 任。 Wisdom Education International Holdings Company Limited 光正教育國際控股有限公司 （於 開 曼 群 島 註 冊 成 立 的 有 限 公 司） （股 份 代 號：6068） 年度業績公告 截 至2025年8月31日止年度 – 3 – 一 節。 – 2 – 截 至2025年8月31日止年度的年度業績 光正教育國際控股有限公司（「本公司」，連 同 其 子 公 司 統 稱 為「本集團」）的董事 （「董 事」）會（「董事會」）欣然宣佈本集團截至2025年8月31日 止 年 度 的 綜 合 業 績。 該等年度業績已經本公司的審核委員會（「審核委員會」）審 閱。 綜合損益及其他全面收益表 | 摘 要 | | | | | | | | --- | --- | --- | --- | --- | --- | -- ...

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。 截至2025年9月30日止六個月之 中期業績公告 摘 要 – 1 – • 有 效 的 產 品 差 異 化 及 銷 售 策 略 帶 動 定 價 首 飾 產 品 銷 售 大 幅 上 升，因 此 本 集團收入較去年同期上升25.6%至68億港元 • 受 惠 於 金 價 上 升 及 毛 利 率 較 高 的 定 價 首 飾 產 品 銷 售 佔 比 增 加，本 集 團 整 體毛利率上升2.0個百分點至34.7%的歷史高位 • 營運槓桿效益帶動經營溢利率提升1.6個百分點至11.4%，經 營 溢 利 因 此 上升45.4%至7.8億港元 • 本集團期內溢利增加44.1%至6.0億港元 • 擬派中期股息為每股0.55港元，派息比率為52% • 海外市場拓展穩健，期內淨增加8間海外店舖，並首次進駐越南市場 • 於2025年10月1日至11月21日，港澳及海外市場與內 ...

Financial Performance - For the first half of the fiscal year 2026, the company reported revenue from gaming, hotel, dining, leasing, and related services of approximately HKD 305 million, an increase of about HKD 23 million or 8% compared to HKD 282 million for the same period in fiscal year 2025[5] - The net profit attributable to the company's owners for the first half of fiscal year 2026 was approximately HKD 12 million, down from HKD 16 million in the same period of fiscal year 2025[5] - The total comprehensive income for the first half of fiscal year 2026 was approximately HKD 49 million, compared to HKD 25 million for the first half of fiscal year 2025[5] - The company generated adjusted EBITDA of approximately HKD 39 million for the first half of fiscal year 2026, compared to HKD 44 million for the same period in fiscal year 2025[5] - The basic earnings per share for the first half of fiscal year 2026 were HKD 1.44 cents, down from HKD 1.95 cents in the same period of fiscal year 2025[5] - The company reported a pre-tax profit of HKD 16.87 million for the first half of fiscal year 2026, compared to HKD 21.87 million for the same period in fiscal year 2025[6] - The group’s pre-tax profit for the six months was HKD 16,873,000, a decrease of 22.8% from HKD 21,866,000 in the same period last year[15] - The adjusted net profit for the first half of the fiscal year 2026 is HKD 11,605,000, compared to HKD 15,693,000 in the same period of fiscal year 2025, reflecting a decrease[75] - The adjusted EBITDA for the first half of fiscal year 2026 is HKD 31,246,000, slightly up from HKD 30,387,000 in the same period of fiscal year 2025[75] Revenue Breakdown - The gaming business revenue reached HKD 218,447,000, up 11.4% from HKD 196,118,000 year-over-year[20] - Gaming revenue for the first half of fiscal year 2026 was approximately HKD 218,447,000, an 11% increase from HKD 196,118,000 in the first half of fiscal year 2025[39] - The total revenue from hotel operations was HKD 86,675,000 in the first half of fiscal year 2026, a slight increase of 1.3% from HKD 85,544,000 in the first half of fiscal year 2025[41] - Revenue from external customers in the Czech Republic was HKD 242,849,000, representing a 10.4% increase from HKD 219,861,000 in the previous year[18] Assets and Liabilities - As of September 30, 2025, total assets amounted to HKD 695,489,000, an increase from HKD 669,371,000 as of March 31, 2025, reflecting a growth of approximately 3.3%[7] - Total liabilities were reported at HKD 120,859,000, a marginal increase from HKD 120,105,000, showing a growth of about 0.6%[8] - The net asset value increased to HKD 574,630,000 from HKD 549,266,000, marking a rise of approximately 4.6%[8] - The company reported a cash balance of HKD 249,078,000, down from HKD 286,855,000, indicating a decrease of about 13.2%[7] - The company has a bank loan liability of HKD 40,082,000, reduced from HKD 45,243,000, reflecting a decrease of approximately 11.5%[8] - The total bank borrowings amounted to approximately HKD 49 million as of September 30, 2025, with 34% of the borrowings subject to floating interest rates[55] Operational Metrics - The average daily win per slot machine was HKD 1,524 in the first half of fiscal year 2026, up from HKD 1,510 in the same period of fiscal year 2025, reflecting a 0.9% increase[40] - The gaming table win rate increased to 26.9% in the first half of fiscal year 2026, compared to 23.6% in the first half of fiscal year 2025[40] - The average daily total win per gaming table rose to HKD 4,820 in the first half of fiscal year 2026, compared to HKD 3,801 in the same period of fiscal year 2025, reflecting a 26.7% increase[40] - The average occupancy rate across all hotels increased to 59% in the first half of fiscal year 2026, compared to 58% in the same period of fiscal year 2025, representing a 1.7% improvement[45] - The average revenue per available room (RevPAR) across all hotels was HKD 428 in the first half of fiscal year 2026, a 2% increase from HKD 420 in the first half of fiscal year 2025[45] Expenses and Cost Management - Operating expenses for the first half of fiscal year 2026 were approximately HKD 210 million, an increase of 8% compared to HKD 195 million in the first half of fiscal year 2025, driven mainly by increased employee benefits expenses[48] - Employee benefits expenses rose to HKD 104 million in the first half of fiscal year 2026, a 10% increase from HKD 95 million in the same period of fiscal year 2025[49] - Depreciation and amortization expenses increased by 35% to HKD 15 million in the first half of fiscal year 2026, compared to HKD 11 million in the first half of fiscal year 2025[51] - The decline in EBITDA was primarily due to reduced performance in the hotel, dining, and leasing businesses, as well as foreign exchange losses[76] - The group has initiated a performance improvement plan targeting the affected segments, including suspending non-peak dining services and optimizing procurement processes[76] Strategic Initiatives - The company plans to actively seek similar physical casino opportunities in Europe and other jurisdictions in Asia to expand its business[4] - The company is preparing to open its fourth casino in Mikulov, Czech Republic, with operations expected to start by December 2025, pending final government approvals[71] - The company is actively seeking new opportunities through acquisitions and/or bidding for new gaming licenses to expand its operations in Europe, Asia, and other markets[71] - The company emphasizes cost control and execution of transformation strategies as primary objectives to address rising operational expenses[71] - The company plans to allocate part of its unutilized funds to higher-risk investments, such as high-yield bonds, to optimize investment returns[69] Corporate Governance - The company has adopted the principles and provisions of the corporate governance code as per the listing rules, ensuring compliance and maintaining high standards of corporate governance[79] - The audit committee, composed of four independent non-executive directors, has reviewed the accounting principles and practices adopted by the company[80] Miscellaneous - The company did not recommend the payment of an interim dividend for the first half of fiscal year 2026[5] - The group has no contingent liabilities as of September 30, 2025[65] - There were no significant investments or acquisitions of subsidiaries, associates, or joint ventures during the six months ended September 30, 2025[64] - The interim report for the six months ending September 30, 2025, will be published on the appropriate platforms and sent to shareholders as necessary[82]