SILKWAVE INC 中播數據有限公司 (Stock Code 股份代號 : 471) (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） ANNUAL REPORT 年報 2024 CONTENTS 目錄 | Corporate Information | 公司資料 | 2 | | --- | --- | --- | | Five Year Financial Summary | 五年財務概要 | 4 | | Chairman's Statement | 主席報告書 | 5 | | Management Discussion and Analysis | 管理層討論及分析 | 6 | | Directors and Senior Management | 董事及高級管理層 | 15 | | Corporate Governance Report | 企業管治報告書 | 18 | | Environmental, Social and Governance Report | 環境、社會及管治報告書 | 3 ...

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。 SILKWAVE INC 財務業績 中播數據有限公司（「本公司」）的董事（「董事」）會（「董事會」）公佈本公司及其附 屬公司（統稱「本集團」）截至二零二四年十二月三十一日止年度（「本年度」）的綜合 業績，連同二零二三年比較數字如下： 綜合損益及其他全面收益表 截至二零二四年十二月三十一日止年度 （股份代號：471） 截至二零二四年十二月三十一日止年度全年業績公告 業績摘要 | | 截至十二月三十一日 | | | | | --- | --- | --- | --- | --- | | | 止年度 | | | | | | 二零二四年 | 二零二三年 | 變動 | 變動 | | | 千美元 | 千美元 | 千美元 | % | | 收入 | 6,394 | 7,338 | (944) | (12.9%) | | 毛利 | 2,904 | 2,524 | 380 | 15.1% | | 營運收益╱（虧損） | 15 ...

Revenue and Profit Performance - Revenue for the period decreased by approximately $0.5 million to $3.1 million, primarily due to a $1.3 million decrease in PCB and AI materials trading, offset by an $0.8 million increase in TV rental income[4] - Gross profit increased from $1.2 million in 2023 to $1.5 million in 2024, driven by higher margins from TV rental income[4] - The Group recorded a loss of approximately $0.1 million for the six months ended 30 June 2024, compared to a loss of $2.2 million in the same period in 2023[4] - Loss per share for the period was $0.02 cents, compared to $0.19 cents in the same period in 2023[4] - Revenue for the six months ended 30 June 2024 decreased to $3,132 thousand, compared to $3,588 thousand in the same period in 2023, representing a decline of 12.7%[89] - Gross profit increased to $1,452 thousand in H1 2024, up from $1,178 thousand in H1 2023, reflecting a 23.3% growth[89] - Loss for the period improved significantly to $134 thousand in H1 2024, compared to a loss of $2,201 thousand in H1 2023[89] - Total comprehensive expense for the period was $1,557 thousand in H1 2024, down from $2,958 thousand in H1 2023[89] - Loss attributable to owners of the company was $498 thousand in H1 2024, a significant improvement from $2,059 thousand in H1 2023[90] - Net loss for the six months ended 30 June 2024 was approximately $0.1 million[96] - Revenue from major products and services for the six months ended 30 June 2024 was $3.132 million, with $1.385 million from trading of PCB and AI-related products and $1.747 million from transmission and broadcasting services[108] - Segment revenue for the six months ended 30 June 2024 was $3.132 million, with $1.385 million from the trading business and $1.747 million from the CMMB business[104] - Segment profit for the six months ended 30 June 2024 was $750,000, with a loss of $57,000 in the trading business and a profit of $807,000 in the CMMB business[104] - Revenue from major products and services for the six months ended 30 June 2023 was $3.588 million, with $2.659 million from trading of PCB and AI-related products and $929,000 from transmission and broadcasting services[108] - Segment revenue for the six months ended 30 June 2023 was $3.588 million, with $2.659 million from the trading business and $929,000 from the CMMB business[106] - Segment profit for the six months ended 30 June 2023 was $203,000, with a profit of $221,000 in the trading business and a loss of $18,000 in the CMMB business[106] Cost and Expense Management - Cost of sales decreased by approximately $0.7 million due to lower direct costs and sales costs[4] - Administrative expenses remained steady at approximately $0.5 million compared to the same period in 2023[4] - Market development and promotion expenses decreased from approximately US$0.4 million to US$0.1 million due to tighter cost control[5][10] - Finance costs for the period amounted to approximately US$0.4 million, mainly from effective interest expense on convertible notes[6][11] - Staff costs for the period amounted to approximately US$0.3 million, compared to US$0.4 million in the six months ended 30 June 2023[32] - Market development and promotion expenses for the six months ended 30 June 2024 were $41,000, compared to $450,000 for the same period in 2023[104][106] - Unallocated expenses for the six months ended 30 June 2024 were $190,000, compared to $251,000 for the same period in 2023[104][106] - Staff costs, including Directors' remuneration, were $306,000 for the six months ended 30 June 2024, down from $386,000 in the same period in 2023[115] - Legal and professional fees increased to $76,000 for the six months ended 30 June 2024, up from $25,000 in the same period in 2023[115] Financial Position and Assets - The Group recorded a net loss of approximately US$0.1 million during the period, with net current assets of approximately US$6.5 million as of 30 June 2024[15][18] - Convertible notes as of 30 June 2024 amounted to approximately US$9.2 million, with a gearing ratio of approximately 21.0%[20][26] - The Group maintained cash and cash equivalents of approximately US$0.7 million as of 30 June 2024[15][18] - Non-current assets decreased slightly to $34,313 thousand as of 30 June 2024, compared to $34,763 thousand as of 31 December 2023[91] - Current assets decreased to $9,538 thousand as of 30 June 2024, down from $10,022 thousand as of 31 December 2023[91] - Net current assets stood at $6,467 thousand as of 30 June 2024, compared to $7,281 thousand as of 31 December 2023[91] - Total equity decreased to $31,565 thousand as of 30 June 2024, down from $33,119 thousand as of 31 December 2023[92] - Equity attributable to owners of the company decreased to $25,922 thousand as of 30 June 2024, compared to $27,840 thousand as of 31 December 2023[92] - Net current assets as of 30 June 2024 were approximately $6.5 million[96] - Net cash generated from operating activities for the six months ended 30 June 2024 was $510,000, compared to a net cash used of $2.127 million in the same period in 2023[94] - Net cash used in financing activities for the six months ended 30 June 2024 was $516,000, compared to net cash generated of $688,000 in the same period in 2023[94] - Cash and cash equivalents at the end of the period were $722,000, down from $727,000 at the beginning of the period[94] - Accumulated losses as of 30 June 2024 were $266.275 million, compared to $265.777 million at the end of 2023[93] - Total comprehensive expense for the six months ended 30 June 2024 was $2.629 million, compared to $2.71 million in the same period in 2023[93] - The company's share capital remained unchanged at $46.012 million as of 30 June 2024[93] - The carrying value of spectrum usage rights was $23,807,000 as of 30 June 2024, with no impairment loss recognized for the period[117][118][119] - The recoverable amount of spectrum usage rights is determined using a VIU calculation with a discount rate of 15.26% (up from 14.16% in the previous period)[120] - The cost of equity for the year is 13.43%, calculated using a risk-free rate of 3.87%, equity beta of 0.91, and market risk premium of 7.17%[120] - The cost of debt for the year is estimated at 8.5%, based on the US Prime Lending Rate[120] - The weight of debt and equity is estimated at 72% and 28% respectively, compared to 47% and 53% in the previous period[120] - The specific risk premium for the year is 3.5%, up from 3% in the previous period[120] - Cash flow projections for spectrum usage rights beyond the three-year period use a steady growth rate of 2.18% per annum[120] - Trade receivables decreased from $3.8 million in December 2023 to $2.3 million in June 2024, with over 120 days receivables dropping from $1.7 million to $606,000[124] - Trade payables decreased from $797,000 in December 2023 to $532,000 in June 2024, while accruals increased from $767,000 to $1.5 million[126] - The liability component of 2028 Convertible Notes increased from $8.9 million in December 2023 to $9.2 million in June 2024[128] - As of 30 June 2024, the amount due from CCH, a related company controlled by the Chairman, was USD 5,867,000, compared to USD 5,509,000 as of 31 December 2023[139] Convertible Notes and Share Issuance - CCH holds convertible notes with a principal amount of US$12,000,000, convertible into 266,742,857 shares, representing 14.88% of the total issued shares as of 30 June 2024[46][52] - The company issued USD 96,000,000 convertible notes (2025 CN) on 29 May 2018, with a maturity date of 28 May 2025, convertible at HK$0.4 per share, representing 41.5% of the total issued shares on a fully diluted basis[58][59] - The 2025 CN was split into a liability component of USD 44,137,000 and an equity component of USD 51,863,000, with the liability component measured at an effective interest rate of 11.41% per annum[60][63] - The conversion price and number of shares for the 2025 CN were adjusted to HK$8 and 84,390,000 shares respectively after a share consolidation on 12 November 2019, and further adjusted to HK$8.088 and 83,471,810 shares retrospectively from 18 February 2020[60][63] - On 29 June 2021, the company entered into a subscription agreement to issue USD 65,000,000 convertible notes (2028 CN), which will mature on the seventh anniversary of the issue date, offsetting the 2025 CN[61][63] - The conversion price of HK$0.35 per share for the 2028 CN represents a premium of 22.81% to the closing price on 29 June 2021, with a maximum of 1,444,857,142 shares issuable upon full conversion[62][63] - As of 30 June 2024, the outstanding principal amount of the 2028 CN is USD 12,000,000, which, if fully converted, would increase the issued shares by 266,742,857, representing 14.88% of the issued shares as of 30 June 2024[65][68] - The conversion of the 2028 CN would dilute the equity interest of substantial shareholders, with CCH's shareholding decreasing from 56.42% to 49.93% upon full conversion[67] - The conversion of the 2028 convertible notes will not result in the number of shares held by the public falling below 25% of the issued shares[70][76] - The total number of issued shares as of 30 June 2024 is 1,792,389,888[46][50][51] - The 2023 Share Option Scheme had 103,998,988 options available for grant as of 1 January 2024, increasing to 179,238,988 by 30 June 2024[53][55] - No shares were issued under the 2023 Share Option Scheme during the period, representing 0% of the weighted average number of shares[57] - No share options were granted, exercised, lapsed, or canceled under the 2023 Share Option Scheme during the period[57] - The number of share options available for grant under the 2023 Share Option Scheme increased from 103,998,988 as of 1 January 2024 to 179,238,988 as of 30 June 2024[141] Strategic Initiatives and Partnerships - The company plans to deploy a Low-Earth-Orbit (LEO) satellite constellation to deliver low-latency voice and broadband internet services across Asia[40] - The company will utilize a geostationary satellite platform to distribute popular content, digital infotainment, enterprise data services, and essential government information with minimal data cost for users[40] - The satellite network will provide robust broadband solutions, utilizing advanced data analytics to enhance network performance and user experience[40] - Strategic partnerships with governments, technology providers, and local stakeholders will be crucial for the company's success[41] - The company aims to address the increasing demand for high-speed, reliable internet in underserved and remote areas[39] - The company holds a 20% equity interest in Silkwave Holdings Limited, with a call option to acquire an additional 31%[121] - Silkwave indirectly holds a geosynchronous L-band satellite operating platform with 40MHz spectrum frequency covering China and Asia[121][122] - The platform includes the AsiaStar satellite capacity, network solutions, terminal applications, and a Silkwave-1 satellite design under procurement[121][122] - The satellite platform aims to deliver digital multimedia and internet-based content services to vehicles and mobile devices across China and the Asia-Pacific region[121][122] - Silkwave's satellite-related assets were impaired to approximately $1.2 million due to lower value in use compared to carrying amount[123] Corporate Governance and Compliance - The company did not declare any interim dividend for the six months ended 30 June 2024[138] - The company has not purchased, sold, or redeemed any of its listed securities during the period[74][80] - The company has adopted a code of conduct for directors' securities transactions, ensuring compliance with the Model Code for Securities Transactions by Directors of Listed Issuers[75][81] - The company has deviated from the CG Code provision C.2.1, as the roles of chairman and chief executive are not separate, with Mr. Wong Chau Chi holding both positions[82][84] - The Audit Committee, comprising independent non-executive directors, reviewed and recommended the adoption of the unaudited condensed consolidated financial statements for the period[83][85] - The company has a shareholder communication policy in place to facilitate efficient and sound communication with shareholders and other stakeholders[87][88] - The company's remuneration policy is reviewed annually and is in line with prevailing market practices[32] - The total compensation for key management personnel remained unchanged at USD 40,000 for the six months ended 30 June 2024 compared to the same period in 2023[143] Legal and Regulatory Matters - The group faces potential litigation in the US related to satellite assets in Asia and Africa, with claims including breach of contract and fraud[134] - The company proposed a share consolidation (20:1), capital reduction (HK$4.00 to HK$0.01), and share subdivision (1:400) on 8 August 2024[133] - The company has proposed a share consolidation, capital reduction, and share subdivision, with a ratio of 20 existing shares with a par value of HKD 0.20 each to be consolidated into 1 share with a par value of HKD 4.00, followed by a capital reduction of HKD 3.99 per share, reducing the par value to HKD 0.01, and then subdividing each unissued share into 400 new shares with a par value of HKD 0.01[136] Related Party Transactions - The company paid USD 12,000 in rental fees to CCH, a related party, during the six months ended 30 June 2024, the same amount as in the corresponding period in 2023[142] - As of 30 June 2024, the amount due from CCH, a related company controlled by the Chairman, was USD 5,867,000, compared to USD 5,509,000 as of 31 December 2023[139] Taxation - Hong Kong Profits Tax is calculated at 16.5% for the period, with the first HK$2,000,000 of assessable profit taxed at 8.25% under the two-tiered profits tax rates regime[111][112] - US Income Tax is charged at 24% on estimated assessable profits for the six months ended 30 June 2024[113][114] - Taiwan Income Tax is charged at 20% on estimated assessable profits, but no provision was made as the Group had no assessable profit in Taiwan for both periods[113][114] - PRC subsidiaries are subject to a 25% tax rate under the EIT Law, but no provision for PRC income tax was made as there was no taxable income for both periods[113][114] Employee and Management - The average number of employees for the period was approximately 23, down from 25 in the six months ended 30 June 2023[32] - Staff costs for the period amounted to approximately US$0.3 million, compared to US$0.4 million in the six months ended 30 June 2023[32] - Staff costs, including Directors' remuneration, were $306,000 for the six months ended 30 June 2024, down from $386,000 in the same period in 2023[115] - The total compensation for key management personnel remained unchanged at USD 40,000 for the six months ended 30 June 2024 compared to the same period in 2023[143] Investments and Acquisitions - The company did not make any significant investments as of 30 June 2024[38] - The company did not have any material acquisitions or disposals of subsidiaries, associates, and joint ventures during the period[34] - The company holds a 20% equity interest in Silkwave Holdings Limited, with a call option to acquire an additional 31%[121] - Silkwave indirectly holds a geosynchronous L-band satellite operating platform with 40MHz spectrum frequency covering China and Asia[121][122] - The platform includes the AsiaStar satellite capacity, network solutions, terminal applications, and a Silkwave-1 satellite design under procurement[121][122] - The satellite platform aims to deliver digital multimedia and internet-based content services to vehicles and mobile devices across China and the Asia-Pacific region[121][122] - Silkwave's satellite-related assets were impaired to approximately $1.2 million due to lower value in use compared to carrying amount

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 部份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。 SILKWAVE INC （股份代號：471） 截至二零二四年六月三十日止六個月 中期業績公告 | --- | --- | |-------|--------------------------------------------------------------------------------| | | | | | 財務概要 | | (a) | 收入減少約 12.7% 至約 3.1 百萬美元。 | | (b) | 本公司擁有人應佔期內虧損及全面虧損總額分別約為 0.5 百萬美元及約 1.9 百萬美元。 | | (c) | 普通股股東應佔每股基本及攤薄虧損約為 0.02 美分。 | 1 中播數據有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附屬 公司（合稱「本集團」）截至二零二四年六月三十日止六個月（「本期間」）的未經審核 綜合中期業績連同二零二三年的同期比較數字如下： 簡明綜 ...

SILKWAVE INC 中播數據有限公司 (Stock Code 股份代號 : 471) (Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立之有限公司） ANNUAL REPORT 年報 2023 Contents |目錄 | Corporate Information | 公司資料 | 2 | | --- | --- | --- | | Five Year Financial Summary | 五年財務概要 | 4 | | Chairman's Statement | 主席報告書 | 5 | | Management Discussion and Analysis | 管理層討論及分析 | 7 | | Directors and Senior Management | 董事及高級管理層 | 16 | | Corporate Governance Report | 企業管治報告書 | 20 | | Environmental, Social and Governance Report | 環境、社會及管治報告書 | ...

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。 SILKWAVE INC ѝ ᮨ ᬊ ᴹ 䲀 ޜ ਨ ˄ᯬ䮻ᴬ㗔ጦ䁫ᡀ・ѻᴹ䲀ޜਨ˅ （股份代號：471） 截至二零二三年十二月三十一日止年度全年業績公告 業績摘要 | | 截至十二月三十一日止年度 | | | | | --- | --- | --- | --- | --- | | | 二零二三年 | 二零二二年 | 變動 | 變動 | | | 千美元 | 千美元 | 千美元 | % | | 收入 | 7,338 | 8,551 | (1,213) | (14.2)% | | 毛利 | 2,524 | 2,462 | 62 | 2.5% | | 營運虧損 | (2,531) | (5,387) | 2,856 | (53.0)% | | 應佔聯營公司的業績 | (49,599) | (20,269) | (29,330) | 144.7% | | 於無形資產確認的減值虧損 | (20,224) | (3, ...

INTERIM REPORT 中期報告 2023 Contents 目錄 | Corporate Information | 公司資料 | 2 | | --- | --- | --- | | Management Discussion and Analysis | 管理層討論及分析 | 4 | | Other Information | 其他資料 | 11 | | Condensed Consolidated Statement of Profit or Loss and | 簡明綜合損益及其他全面收益表 | 25 | | Other Comprehensive Income | | | | Condensed Consolidated Statement of Financial Position | 簡明綜合財務狀況表 | 27 | | Condensed Consolidated Statement of Changes in Equity | 簡明綜合權益變動表 | 29 | | Condensed Consolidated Statement of Cash Flows | 簡明綜合現金流量表 | ...

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 部份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。 SILKWAVE INC (cid:1117)(cid:1117) (cid:6877)(cid:6877) (cid:7080)(cid:7080) (cid:6922)(cid:6922) (cid:7481)(cid:7481) (cid:19584)(cid:19584) (cid:1948)(cid:1948) (cid:2600)(cid:2600) (cid:708)(cid:7148)(cid:19387)(cid:7468)(cid:13780)(cid:4902)(cid:16491)(cid:1978)(cid:6208)(cid:12539)(cid:1147)(cid:7481)(cid:19584)(cid:1948)(cid:2600)(cid:709) （股份代號：471） 截至二零二三年六月三十日止六個月中期業績公告 財務概要 (a) 收入增加約11.3%至約3.6百萬美 ...

ANNUAL REPORT 年報 2022 SILKWAVE INC 中播數據有限公司 ANNUAL REPORT 2022 年報 Contents |目錄 | Corporate Information | 公司資料 | 2 | | --- | --- | --- | | Five Year Financial Summary | 五年財務概要 | 4 | | Chairman's Statement | 主席報告書 | 5 | | Management Discussion and Analysis | 管理層討論及分析 | 7 | | Directors and Senior Management | 董事及高級管理層 | 20 | | Corporate Governance Report | 企業管治報告書 | 26 | | Environmental, Social and Governance Report | 環境、社會及管治報告書 | 51 | | Directors' Report | 董事會報告書 | 63 | | Independent Auditor's Report | 獨立核數師 ...

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。 SILKWAVE INC (cid:1117)(cid:1117) (cid:6877)(cid:6877) (cid:7080)(cid:7080) (cid:6922)(cid:6922) (cid:7481)(cid:7481) (cid:19584)(cid:19584) (cid:1948)(cid:1948) (cid:2600)(cid:2600) (cid:708)(cid:7148)(cid:19387)(cid:7468)(cid:13780)(cid:4902)(cid:16491)(cid:1978)(cid:6208)(cid:12539)(cid:1147)(cid:7481)(cid:19584)(cid:1948)(cid:2600)(cid:709) （股份代號：471） 截至二零二二年十二月三十一日止年度全年業績公告 業績摘要 截至十二月三十一日止年度 二零二二年 二零 ...