Core Viewpoint - The company expects a loss of approximately HKD 17 million for the fiscal year 2025, contrasting with a profit of HKD 33.6 million for the fiscal year 2024 [1] Financial Performance - The anticipated loss for fiscal year 2025 is primarily attributed to a projected revenue decrease of about 22% compared to fiscal year 2024 [1] - For the fiscal year 2024, the company reported a profit attributable to shareholders of approximately HKD 33.6 million [1] Market Conditions - The decline in revenue is linked to global trade tensions that have weakened consumer sentiment in the Chinese retail market, negatively impacting local economic and employment growth [1] - The property markets in Hong Kong and mainland China are described as weak, leading to fair value losses on the company's investment properties [1]

Core Viewpoint - The company expects to achieve a profit attributable to shareholders of approximately RMB 26.308 million in the first half of 2025, compared to a loss of approximately RMB 2.504 million in the same period of 2024, primarily due to foreign exchange gains from operational activities [1] Financial Performance - Expected profit for the first half of 2025: RMB 26.308 million [1] - Loss for the same period in 2024: RMB 2.504 million [1] - The anticipated profit is mainly attributed to foreign exchange gains resulting from currency fluctuations [1]

Core Viewpoint - The arbitration ruling regarding the exclusive distribution agreement between Sincere Brand Management Limited (SBML) and Multicontinental Distribution (Asia) DMCC has significant implications for the company's rights and operations in the distribution of Franck Muller watches and related accessories in specific regions [1][2] Summary by Sections Arbitration Outcome - The exclusive distribution agreement was incorrectly terminated, but it is deemed to have been terminated since October 3, 2022, granting SBML the right to claim damages [1] - SBML's claim for customer indemnification was rejected [1] - Multicontinental's claims regarding minimum purchase requirements were also dismissed [1] - Multicontinental is required to repair and return withheld watches to SBML within 60 days from the notification of part of the ruling, excluding consignment inventory [1] Financial Implications - SBML must return consignment products and organize inspections, and must pay Multicontinental and GFM for each consignment product sold, with a book value of approximately HKD 338 million as of March 31, 2025 [1] Legal Standing - The sole arbitration tribunal ruled that both Multicontinental and GFM are eligible to be sued [1] - SBML is required to immediately cease any use of the FM trademark and stop claiming to be the (exclusive) distributor of the products, as a result of the termination of the exclusive distribution agreement [1] Company Response - The company believes the arbitration ruling aligns with its initial expectations and will further study the ruling to take appropriate actions to protect its rights and interests [2]

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。 於百慕達註冊成立的有限公司 網址：http://www.stelux.com 股份代號：84 自願公告 終止中國內地業務 終止中國內地業務 * 僅供識別 1 因應全球經濟放緩，營商環境仍充滿挑戰。展望未來，本集團將集中資源發展其於香港、澳 門及東南亞的主要業務。此外，董事會將繼續探索新商機，並將適時根據香港聯合交易所有 限公司證券上市規則知會本公司股東及潛在投資者最新進展。 代董事會 黃創增 主席及行政總裁 此乃由寶光實業（國際）有限公司（「本公司」，連同其附屬公司，統稱「本集團」）自願 作出的公告，以使其股東及潛在投資者知悉本集團的最新業務進展。 本公司董事（各自，均為一名「董事」）會（「董事會」）宣佈，本集團管理層已決定終止 本集團於中國內地的業務營運，作為精簡本集團業務營運的一項戰略舉措。目前，本集團於 中國內地經營五間零售店舖及線上平台，所有該等業務均將於未來數月內終止營運。此後， 本集團將繼續 ...