Group 1 - The company, Roma Metaverse Group (08072), has announced a lease agreement for office space in Hong Kong, effective from March 27, 2026, to March 26, 2029, for a duration of three years [1] - The leased property is located at 39 Gloucester Road, Wan Chai, Hong Kong, specifically on the 11th floor, rooms 1101-4 [1] - The board of directors believes that entering into this lease agreement for the new headquarters and primary business location in Hong Kong is in the best interest of the group, considering factors such as office space, location, rent, and other commercial terms [1] Group 2 - The terms of the lease agreement were determined through fair negotiations between the landlord and the tenant, with the rent based on current market rates for comparable properties in the vicinity [1] - The board considers the terms of the lease to be fair and reasonable, aligning with the overall interests of the company and its shareholders [1]

Group 1: Global Economic Outlook - Major global economies are expected to end their interest rate cuts by the end of 2026, with the OECD predicting only two more rate cuts by the Federal Reserve, bringing the rate down to 3.25%-3.50% [2] - The European Central Bank is set to begin its easing cycle in June 2024, with a total of eight rate cuts anticipated [2] - Japan is experiencing a unique tightening cycle, potentially accelerating rate hikes to counter inflation pressures from new government policies [3] Group 2: China's Monetary Policy - The People's Bank of China conducted a 10 trillion yuan reverse repurchase operation, indicating a focus on maintaining liquidity in the market [4] - Despite the need for more aggressive monetary policy due to slowing economic growth, the central bank has remained silent on interest rate cuts, emphasizing long-term policy adjustments [5] Group 3: E-commerce and Delivery Standards - New national standards for food delivery platforms have been implemented, focusing on the rights of delivery personnel and ensuring fair labor practices [6] - The standards require platforms to calculate delivery times based on a maximum speed of 15 km/h for electric bike riders, which may impact delivery efficiency [7] Group 4: Real Estate Market Trends - The second-hand housing market in major cities like Beijing, Shanghai, Guangzhou, and Shenzhen showed significant increases in transaction volumes in November, driven by demand for affordable housing [8] - The overall market remains in a state of price-volume exchange, with some cities showing signs of price stabilization, but the recovery foundation is still fragile [9] Group 5: E-sports Industry Growth - The Chinese e-sports industry is projected to generate 29.331 billion yuan in revenue by 2025, with a year-on-year growth of 6.4% [10] - Live streaming continues to dominate revenue sources, accounting for over 80% of total income, indicating a reliance on consumer engagement [10][11] Group 6: Meta's Strategic Shift - Meta's CEO Mark Zuckerberg plans to cut the budget for the metaverse project by up to 30%, shifting focus towards AI and related hardware products [12] - The metaverse sector has seen slow technological advancement, leading to a strategic pivot towards AI, which presents clearer business opportunities [12] Group 7: Stock Market Performance - The stock market experienced a rebound, with significant gains in the Shanghai Composite Index and the ChiNext Index, driven by expectations of potential interest rate cuts [14] - The trading volume increased significantly, indicating active market participation and a potential shift in investor sentiment [14][15]

Core Viewpoint - The company expects to report a loss attributable to shareholders of approximately HKD 19 million to HKD 21 million for the fiscal year ending June 30, 2025, contrasting with a profit of about HKD 18 million for the fiscal year ending June 30, 2024 [1] Financial Performance - For the fiscal year ending June 30, 2024, the company anticipates a profit attributable to shareholders of approximately HKD 18 million [1] - The expected loss for the fiscal year 2025 represents a significant decline from the profit forecasted for 2024 [1] Risk Factors - The increase in expected losses for 2025 is primarily attributed to the company's decision to raise credit loss provisions for other receivables and prepayments due to changes in overall market risk [1]