Group 1 - The company, Fire Rock Holdings (01909.HK), plans to issue up to 96 million shares on a "2 for 1" basis to raise a maximum of HKD 152 million, with an offer price of HKD 1.58 per share [1] - The company primarily engages in the development of browsers, mobile device games (including game design, programming, and graphic production), and computer software related to game operations, licensing its self-developed web and mobile games to authorized operators globally [1] - The company also operates its self-developed games independently in overseas markets [1] Group 2 - The estimated net proceeds from the rights issue, if fully subscribed, will be approximately HKD 151 million, which will be used for several purposes [2] - The company plans to establish a new development team in China, recruiting about 8 to 10 professionals and acquiring necessary office equipment and IT software and hardware [2] - A development base will be set up in Indonesia, including leasing a new office, recruiting 15 to 20 local professionals and support staff, and procuring necessary office equipment and IT software and hardware [2] - The company intends to acquire new simulation games (3 to 4 titles), including purchasing related patents, trademarks, intellectual property, and licenses [2] - Marketing for existing and new games in Indonesia and other Southeast Asian markets will include advertising, promotional activities, and procurement of promotional materials [2] - General operating funds will cover employee salaries, director remuneration, office rent and rates, professional fees (including legal and audit fees), listing annual fees, and other administrative expenses [2]

董事会认为公司财务表现下滑主要由于(i)其中一款于有关期间商业化推出的自主开发移动设备游戏的无 形资产摊销增加；(ii)因现有移动设备游戏的未来表现存在不确定性而作出无形资产减值亏损拨备；及 (iii)员工成本增加。 格隆汇7月31日丨火岩控股(01909.HK)公告，截至2025年6月30日止6个月未经审核综合管理账目(该管理 账目尚未经公司核数师审阅或审核，亦未经公司审核委员会确认)的初步评估及分析，以及基于本公告 发布前公司目前可得资料，董事会预期公司于有关期间将录得公司拥有人应占亏损约1820万港元，而截 至2024年6月30日止6个月期间则录得公司拥有人应占利润约680万港元。 ...

Company Overview - Fire Rock Holdings Limited (stock code: 01909.HK) is a Hong Kong-listed company focused on game development and global operations, covering web games and mobile games, while actively exploring blockchain technology applications [4] - The company employs a "free-to-play + in-game purchases" model, generating revenue through the sale of game currency and licensing to global operators [4] - Since 2010, Fire Rock has pursued a globalization strategy, localizing games into multiple languages and expanding its business across regions including China, Southeast Asia, Europe, and the Middle East [4] Financial Performance - As of December 31, 2024, Fire Rock achieved total revenue of 130 million HKD, representing a year-on-year growth of 4.2%, while the net profit attributable to shareholders was -15.8 million HKD, a decrease of 103.05% [2] - The company's gross margin stood at 80.21%, with a debt-to-asset ratio of 15.36% [2] Market Position and Valuation - Currently, there are no institutional investment ratings for Fire Rock Holdings [3] - The software services industry has an average price-to-earnings (P/E) ratio of -9.74x, with Fire Rock's P/E ratio at -20.81x, ranking 84th in the industry [3] Strategic Initiatives - In 2024, the company plans to deepen its overseas presence by launching localized game versions in the South American market and expanding into Southeast Asia [4] - Fire Rock aims to enhance its product offerings by focusing on casual games to attract a broader user base and exploring social entertainment features to increase user engagement and monetization opportunities [4] Recent Developments - On July 2, 2025, the company plans to issue 38.4 million new shares, representing 16.67% of the enlarged share capital, at a price of 1.87 HKD per share, reflecting a discount of 2.20% from the previous closing price [5]