Group 1 - The company reported a revenue of HKD 135 million for the six months ending June 30, 2025, representing a year-on-year decrease of 1.1% [1] - The loss attributable to shareholders narrowed to HKD 20.5 million, a reduction of 16.8% year-on-year, with a loss per share of HKD 0.02 [1] - The company's core Joint Design Manufacturing (JDM) business performed poorly due to clients' reluctance to invest in new product development, prompting a strategic shift towards Original Design Manufacturing (ODM) [1] Group 2 - The company observed rapid growth in the instant retail delivery sector in China since 2020, driven by changing consumer habits, increased food delivery during the pandemic, rising mobile phone penetration, and a growing demand for convenience [1] - In December 2024, the company decided to launch a new business segment focused on instant retail delivery systems in China [2] - The company is in the final stages of negotiations with several leading online supermarkets and large physical chain supermarkets to utilize its instant delivery system services [2] - The company plans to provide a comprehensive instant delivery system service, including dedicated electric delivery vehicles, new energy batteries, charging equipment, and smart management software [2] - The company has signed asset procurement agreements to purchase approximately 3,200 electric delivery vehicles and related components, as well as a contract for the use of smart management software [2]

Core Viewpoint - Tian Cai Holdings (03882.HK) is in advanced negotiations with several leading online supermarkets and large physical chain supermarkets to utilize its instant delivery system services in certain regions of China [1] Group 1: Business Development - The company will provide a comprehensive instant delivery system service that includes dedicated electric delivery vehicles, new energy batteries, new energy charging equipment, and corresponding smart management software [1] - An independent software development company has been contracted to provide smart management software, which will cover all regions in China [1] Group 2: Operational Efficiency - The instant delivery system service will be offered through an online platform established by the independent software development company, connecting the company with delivery riders [1] - Delivery riders will rent electric delivery vehicles and related accessories through the online platform, which will also enhance order fulfillment efficiency by optimizing delivery routes [1] Group 3: Revenue Model - Riders will earn service fees directly from the delivery platform for each completed instant retail delivery order, while also paying monthly rental and charging fees for the electric delivery vehicles through the online platform [1] - The smart management software is a SaaS-based fleet management system that includes features such as AI scheduling for electric delivery vehicles, energy consumption management, and automated settlement of rental and charging fees [2]