Financial Performance - The company's revenue for the year ended December 31, 2024, was $5,867,000, a decrease of 2.8% compared to $6,039,000 in 2023[10]. - The company recorded a pre-tax loss of $1,756,000 for the year, a decrease of $1,876,000 from a pre-tax profit of $120,000 in 2023[10]. - The net loss after tax for the year was $1,060,000, compared to a profit of $451,000 in 2023, resulting in a basic loss per share of $0.15[10]. - The gross profit margin for the year turned to 62.1%[10]. Liquidity and Financial Health - The company maintained a current ratio of 5.4, up from 3.8 in 2023, reflecting a total current asset value of $12,384,000 against current liabilities of $2,310,000[12]. - The company had cash and cash equivalents of $8,651,000 as of December 31, 2024, down from $9,858,000 in 2023[12]. - The company continues to adopt a conservative policy in resource allocation, maintaining a low level of debt ratio[11]. Corporate Governance - The board of directors consists of five executive directors and three independent non-executive directors, ensuring compliance with listing rules[25]. - The company held four board meetings during the year, adhering to the requirement of at least four meetings annually[28]. - Independent non-executive directors confirmed their independence in accordance with listing rules, ensuring governance integrity[27]. - The roles of the chairman and the CEO are clearly separated to enhance accountability and governance[36]. - The chairman is responsible for leading the board and ensuring effective operation and decision-making[38]. - The company has established procedures for directors to seek independent professional advice at the company's expense[32]. - All directors are provided with appropriate insurance coverage for legal proceedings they may face[32]. - The company has implemented a structured approach to ensure all directors are adequately informed of current matters[37]. - The board meetings are documented with sufficient detail to record discussions and decisions made[30]. - The company ensures that all directors receive timely and complete information for board discussions[39]. - The company has established effective corporate governance practices, ensuring compliance with relevant guidelines[40]. - The board composition is balanced with a mix of executive and independent non-executive directors, promoting independent judgment[41]. - The nomination committee is composed entirely of independent non-executive directors, enhancing governance transparency[50]. - The company has a diversity policy for the board, ensuring no single-gender board composition and considering various factors for member selection[55]. - Independent non-executive directors are subject to re-election every three years, ensuring accountability[48]. - The company has implemented a formal and transparent process for appointing new directors, including succession planning[43]. - The nomination committee evaluates the independence of non-executive directors and recommends suitable candidates for the board[52]. - The company provides sufficient resources for the nomination committee to fulfill its responsibilities, including independent professional advice[54]. - The board regularly reviews its structure and composition to align with the company's strategic needs[41]. - The company has established effective communication channels with shareholders to convey their opinions to the board[40]. - The board appointed a new female director on March 28, 2024, aiming for gender diversity and balanced perspectives in strategic decision-making[57]. - The attendance rate for board meetings and committee meetings was satisfactory, with a total of 4 board meetings, 2 audit committee meetings, 2 remuneration committee meetings, and 2 nomination committee meetings held during the year[61]. - All directors participated in ongoing professional development to enhance their knowledge and skills, ensuring they contribute effectively to the board[70]. - Independent non-executive directors actively contributed to the company's affairs and attended shareholder meetings to address shareholder inquiries[78]. Employee and Environmental Policies - The company has adopted written guidelines for employee trading of the issuer's securities, ensuring compliance with the standard code of conduct[68]. - All newly appointed directors received comprehensive and formal onboarding to understand their responsibilities and the company's operations[63]. - The company provided various training types to directors, including regulatory updates and relevant business operations[71][72]. - The board ensures that adequate and timely information is provided to directors to facilitate informed decision-making[80]. - The company encourages female employees to participate in organizational activities and express their opinions in various employee groups[57]. - The board's commitment to gender diversity is reflected in its ongoing efforts to create an equitable work environment for all employees[57]. - The company has established a remuneration committee composed entirely of independent non-executive directors to review the remuneration of all directors annually[86]. - The remuneration committee has the authority to consult the chairman and/or CEO regarding the remuneration of other executive directors and may seek professional advice if necessary[87]. - The company has disclosed the remuneration ranges for senior management in its annual report, ensuring transparency in compensation practices[90]. - The board has provided monthly updates to all directors regarding the company's performance, condition, and prospects, facilitating informed decision-making[95]. - The company has conducted an annual review of its internal control systems, covering all significant monitoring aspects, including financial, operational, and compliance controls[102]. - The internal control system is designed to provide reasonable assurance against material misstatements or losses, ensuring the safeguarding of the company's assets[98]. - The board is responsible for evaluating the nature and extent of risks acceptable to the company in achieving strategic objectives[98]. - The company has committed to maintaining adequate resources and training for its accounting and financial reporting functions[101]. - The remuneration committee's terms of reference have been published on both the stock exchange and the company's website, enhancing accountability[90]. - The company aims to provide a balanced, clear, and comprehensive assessment of its performance and prospects in its annual report[99]. - The company engaged an independent professional firm to assist the board and audit committee in continuously monitoring the group's risk management and internal control systems[106]. - The audit committee held 2 meetings during the year to review financial performance and compliance procedures[111]. - The company has established clear guidelines for the delegation of management and administrative functions to ensure accountability[124]. - The board is responsible for setting the company's strategic development and monitoring management performance[124]. - The audit committee is tasked with ensuring fair and independent investigations of any misconduct issues[122]. - The company has disclosed the responsibilities and contributions of both the board and management appropriately[124]. - The audit committee's scope of work has been revised to cover the responsibilities outlined in the code[116]. - The company has confirmed the effectiveness of its financial reporting and compliance procedures[109]. - The board acknowledges its responsibility for the effectiveness of the risk management and internal control systems[108]. - The company has established procedures for handling and disclosing insider information[108]. - The board has established three committees with specific mandates: Audit Committee, Remuneration Committee, and Nomination Committee[126]. - The board is responsible for corporate governance duties, which include developing and reviewing governance policies and practices[131]. - The company has implemented a shareholder communication policy that is regularly reviewed for effectiveness[143]. - The company has a dividend distribution policy, details of which are disclosed in the annual report[144]. - Shareholders holding at least 10% of the paid-up capital have the right to request a special general meeting within two months of submission[133]. - The company ensures that the chairman of the board and committee chairs attend the annual general meeting to address shareholder questions[141]. - The company has provided sufficient notice to shareholders prior to the annual general meeting, ensuring compliance with regulations[143]. - The board has a clear understanding of their powers and responsibilities, as documented in written terms of reference[129]. - Committees are required to report their work, results, and recommendations to the board[126]. - The company has established procedures for shareholders to propose candidates for directorships at the annual general meeting[137]. Environmental Performance - The company is one of the largest shoe manufacturers in China and has been listed in Hong Kong since 1996, emphasizing environmental protection and corporate governance[165]. - The company’s risk management and internal control systems are deemed effective, with annual reviews conducted by the board[158]. - The company secretary has undergone no less than 15 hours of professional training during the year to ensure compliance with governance practices[156]. - The company will propose a resolution for dividend distribution at the annual general meeting, subject to the board's assessment of financial conditions and reserves[145]. - The company has a nomination committee composed entirely of independent non-executive directors to review the board's structure and composition regularly[161]. - The company is committed to timely public disclosure of any inside information, ensuring that all material facts are presented clearly and fairly[160]. - The company has established a risk mitigation plan for significant risks identified by senior management at least once a year[157]. - The company’s articles of association have not changed for the fiscal year ending December 31, 2024[151]. - The company has not received any complaints regarding its environmental performance or faced any regulatory investigations in 2024[175]. - The main source of emissions for the company is electricity consumption, with a focus on adopting green power in line with China's carbon peak commitments[176]. - The company has implemented a "Waste Gas Emission and Control Guidelines" to monitor factory activities and strictly control waste gas emissions[178]. - The company is actively phasing out traditional industrial adhesives in favor of lower VOC alternatives to reduce emissions[180]. - The company has not been involved in any violations of local waste gas emission laws during the year[180]. - The company is committed to conducting a comprehensive climate risk assessment and implementing climate change adaptation and mitigation plans[177]. - The company has established internal environmental management policies focusing on waste management and energy efficiency[174]. - The company has identified key sources of waste gas emissions, including VOC emissions from various manufacturing processes[179]. - The company collaborates with local governments to reduce production during periods of severe air pollution[180]. - The company aims to create long-term value for investors while addressing key environmental challenges such as climate change[173]. - Total greenhouse gas emissions decreased from 980 tons CO2 equivalent in 2023 to 525 tons in 2024, representing a reduction of approximately 46.2%[195]. - Energy consumption decreased from 5,384 GJ in 2023 to 4,261 GJ in 2024, a reduction of about 21%[195]. - The energy density for 2024 was recorded at 201.75 kWh per $1,000 revenue, down from 366.67 kWh in 2023[191]. - The total hazardous waste generated increased from 0.95 tons in 2023 to 1.82 tons in 2024, an increase of approximately 91.6%[195]. - The total non-hazardous waste generated decreased from 2.46 tons in 2023 to 1.72 tons in 2024, a reduction of about 30%[195]. - Water consumption decreased significantly from 162,396 cubic meters in 2023 to 17,429 cubic meters in 2024, a reduction of approximately 89.3%[195]. - The wastewater generated dropped from 147,695 cubic meters in 2023 to 12,736 cubic meters in 2024, a decrease of about 91.4%[195]. - The company aims to reduce carbon emissions density by 5% annually starting from 2021[184]. - The company has set a target to reduce water consumption density by 5% per unit of production over the next five years[194]. - The company has implemented energy efficiency measures, aiming for a 5% reduction in energy consumption per unit of production over the next five years[191]. - The group's energy consumption and related greenhouse gas emissions are expected to decrease in 2024 compared to 2023, partly due to reduced production activities from decreased sales orders[198]. - The replacement of high-power water heaters in employee dormitories with low-power alternatives is projected to save approximately 3,000 kWh of electricity per month[198]. - The group is committed to monitoring water resource usage and implementing various measures to promote continuous water conservation improvements in 2024[198]. Employee Welfare - All employees receive compensation above the statutory minimum wage, with voluntary overtime capped at three hours per day, compensated at up to three times the normal wage[200]. - The group provides a range of paid leave options, including annual leave, bereavement leave, maternity leave, and sick leave, with management reviewing leave applications based on production schedules[200]. - Maternity allowances are provided to support employees during childbirth and recovery periods, ensuring compliance with relevant social welfare regulations in China[200]. - The group implements a reward and punishment system to recognize outstanding employees and impose disciplinary actions for serious misconduct, promoting a culture of accountability[200].

Financial Performance - Total revenue for the year ended December 31, 2024, was $5,867,000, a decrease of 2.85% compared to $6,039,000 in 2023[3] - Gross profit increased to $3,642,000, up 15.2% from $3,162,000 in the previous year[3] - The company reported a net loss attributable to shareholders of $1,060,000, compared to a profit of $451,000 in 2023[3] - The company reported a pre-tax loss of $1,756,000 for the year, compared to a pre-tax profit of $120,000 in 2023[10] - The group recorded a net loss after tax of $1,060,000 for the year ending December 31, 2024, compared to a net profit of $451,000 in 2023[27] - Basic loss per share was 0.15 cents, compared to earnings of 0.06 cents per share in 2023[3] - Basic loss per share for the year ending December 31, 2024, was 0.15 cents, compared to earnings of 0.06 cents per share in 2023[33] Assets and Liabilities - Non-current assets decreased to $82,415,000 from $86,952,000, reflecting a decline of 5.8%[4] - Current assets decreased to $12,384,000 from $12,064,000, indicating a slight increase of 2.65%[4] - Total liabilities decreased to $16,206,000 from $17,034,000, a reduction of 4.86%[4] - The company's cash and cash equivalents decreased to $8,651,000 from $9,858,000, a decline of 12.2%[4] - The total equity attributable to shareholders decreased to $76,283,000 from $78,780,000, a decline of 3.18%[4] - Trade receivables increased to $3,192,000 in 2024 from $1,718,000 in 2023, representing an increase of about 85.69%[20] - The total amount of trade payables decreased to $1,588,000 in 2024 from $2,137,000 in 2023, a reduction of approximately 25.69%[22] Revenue Breakdown - Revenue from the production and sale of footwear products was $1,499,000, down 11.16% from $1,687,000 in the previous year[7] - Rental income from leased properties was $4,368,000, slightly up from $4,352,000 in 2023, indicating a growth of 0.37%[7] - Revenue from the United States increased to $704,000 in 2024 from $675,000 in 2023, representing a growth of 4.30%[11] - Revenue from Morocco surged to $457,000 in 2024, a significant increase from $86,000 in 2023[11] - Major customers contributed significantly to total revenue, with Customer A generating $1,499,000 in 2024, down from $1,687,000 in 2023[12] Cost Management - Total employee costs decreased to $2,024,000 in 2024 from $2,299,000 in 2023, reflecting a reduction of approximately 11.97%[1] - The group has implemented strict cost control measures and efficiency policies to mitigate financial impacts[33] Market and Economic Conditions - The group anticipates continued economic uncertainty and potential impacts on export order volumes due to escalating tariff policies and trade restrictions[30] - North America remains the largest export market, accounting for 47.0% of the group's footwear sales, while Europe and other regions contributed 39.3% and 13.7%, respectively[28] Corporate Governance and Compliance - The company has complied with all corporate governance code provisions as of December 31, 2024[40] - The audit committee reviewed the accounting principles and practices adopted by the group, including the audited consolidated financial statements for the year ending December 31, 2024[42] Future Outlook - The company plans to maintain a final dividend of HK$0.01 per share for the year ending December 31, 2024, consistent with the previous year[18] - The group will maintain a conservative policy with a low debt ratio in resource allocation[34] - The group has established stable cash flow from leasing idle properties domestically, contributing to overall financial stability[29] Miscellaneous - The company applied revised Hong Kong Financial Reporting Standards for the first time in 2024, which did not have a significant impact on financial performance[6] - There were no purchases, sales, or redemptions of the company's shares during the fiscal year ending December 31, 2024[39] - The annual performance announcement and annual report will be published on the Hong Kong Stock Exchange and the company's website[43]

| --- | --- | |---------------------------------------------------|-------| | | | | | | | | | | Pegasus International Holdings Limited Since 1956 | | | INTERIM REPORT 2024 中期報告 | | 創信國際控股有限公司 • 中期報告 2024 1 截至六月三十日止六個月 二零二四年 二零二三年 附註 千美元 千美元 本公司擁有人應佔期間溢利 165 297 其他全面收益 其後可重新分類至損益之項目： 換算海外業務產生之匯兌差異 707 205 簡明綜合損益及其他全面收益表 截至二零二四年六月三十日止六個月 | --- | --- | --- | --- | |------------------------------|-------|------------|------------| | | | （未審核） | （未審核） | | | | | | | 收入 | 3 | 3,232 | 3,085 | | 銷售成本及服務 | | (1,264) ...

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佈之內容概不 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 佈 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 其他全面收益 其 後 可 重 新 分 類 至 損 益 之 項 目： 換算海外業務產生之匯兌差異 707 205 期 間 其 他 全 面 收 益（扣 除 稅 項） 707 205 本公司擁有人應佔期間全面收益總額 872 502 每股盈利 8 －基 本 0.02美 仙 0.04美 仙 PEGASUS INTERNATIONAL HOLDINGS LIMITED 創信國際控股有限公司 （於百慕達註冊成立之有限公司） （股份代號：676） 截至二零二四年六月三十日止六個月 中期業績公佈 創 信 國 際 控 股 有 限 公 司（「本 公 司」）董 事（「董 事」）會 欣 然 公 佈 本 公 司 及 其 附 屬 公 司（「本 集 團」）截 至 二 零 二 四 年 六 月 三 十 日 止 六 個 月 之 未 審 核 綜 合 業 績，連 同 二 零 二 三 年 ...

2023 2023 年報 創信國際控股有限公司 目 目 錄 錄 2 公司資料 3 主席報告 4 管理層討論及分析 5 企業管治報告 41 環境、社會及管治報告 65 審核委員會報告 66 董事及高級管理人員之個人資料 68 董事會報告 74 獨立核數師報告 80 綜合損益及其他全面收益表 82 綜合財務狀況表 84 綜合權益變動表 85 綜合現金流量表 87 綜合財務報表附註 156 財務概要 1 公司資料 | 董事 | 吳振山 | | --- | --- | | 執行董事 | 吳振昌 | | | 吳振宗 | 何錦發 2023 年報 創信國際控股有限公司 2 獨立非執行董事 黃宏進 柳中岡（於二零二三年五月三十日退任獨立非執行董事） 賴振陽 吳文彥（於二零二三年三月二十八日獲委任為獨立非執行董事） 公司秘書 李耀明 審核委員會 黃宏進，主席 賴振陽 柳中岡（於二零二三年五月三十日辭任獨立非執行董事） 吳文彥（於二零二三年三月二十八日獲委任為獨立非執行董事） 薪酬委員會 吳文彥，主席 黃宏進 柳中岡（於二零二三年五月三十日辭任獨立非執行董事） 吳文彥（於二零二三年三月二十八日獲委任為獨立非執行董事） 提名委員會 ...

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佈之內容概不 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 佈 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 PEGASUS INTERNATIONAL HOLDINGS LIMITED 創信國際控股有限公司 創 信 國 際 控 股 有 限 公 司（「本 公 司」）董 事 會（「董 事 會」）宣 佈 本 公 司 及 其 附 屬 公 司 （「本 集 團」）截 至 二 零 二 三 年 十 二 月 三 十 一 日 止 年 度 經 審 核 綜 合 業 績 連 同 二 零 二 二 年 相 應 期 間 的 比 較 數 據。 – 1 – 綜合損益及其他全面收益表 截至二零二三年十二月三十一日止年度 | | | | | | | | | | | | | | | 二零二三年 二零二二年 | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Since 1956 Pegasus International Holdings Limited INTERIM REPORT 2023 中期報告 創信國際控股有限公司 • 中期報告 2023 1 簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 | | | 截至六月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二三年 | 二零二二年 | | | 附註 | 千美元 | 千美元 | | | | （未審核） | （未審核） | | 收入 | 3 | 3,085 | 5,261 | | 銷售成本及服務 | | (1,190) | (2,541) | | 毛利 | | 1,895 | 2,720 | | 其他收入（開支）、收益及虧損 | | 427 | 99 | | 銷售及分銷成本 | | (149) | (245) | | 一般及行政費用 | | (1,963) | (1,999) | | 租賃負債利息開支 | 4 | (21) | (19) | | 除稅前溢利 | 5 | 189 | 556 | | 稅項抵免（開支） | 6 | 108 | (67) ...

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佈之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 PEGASUS INTERNATIONAL HOLDINGS LIMITED 創 信 國 際 控 股 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：676） 截 至 二 零 二 三 年 六 月 三 十 日 止 六 個 月 中 期 業 績 公 佈 創信國際控股有限公司（「本公司」）董事（「董 事」）會欣然公佈本公司及其附屬公 司（「本集團」）截至二零二三年六月三十日止六個月之未審核綜合業 績，連同二 零二二年同期之比較數字。 簡明綜合損益及其他全面收益表 截至二零二三年六月三十日止六個月 截至六月三十日止六個月 二零二三年 二零二二年 附註 千美元 千美元 （未審核） （未審核） 收入 3 3,085 5,261 銷售成本及服務 (1,190) (2,541) 毛利 1,895 2,720 ...

| --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------|-------| | | | | | | | | | | | | | | | | Since 1956 Pegasus International Holdings Limited | | | 創 信 國 際 控 股 有 限 公 司 (Incorporated in Bermuda with limited liability) (於百慕建註冊成立之有限公司) ( Stock Code 股份代號：676) | | | ANNUAL REPORT 2022 年報 | | 公司資料 董事 吳振山 執行董事 吳振昌 吳振宗 何錦發 獨立非執行董事 黃宏進 柳中岡 賴振陽 吳文彥 公司秘書 李耀明 審核委員會 黃宏進，主席 柳中岡 賴振陽 吳文彥 薪酬委員會 賴振陽，主席 黃宏進 柳中岡 吳文彥 提名委員會 柳中岡， ...

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佈之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公佈 全部或任何部份內容而產生或因倚賴該等內容而引致之任何損失承擔任何責 任。 PEGASUS INTERNATIONAL HOLDINGS LIMITED 創 信 國 際 控 股 有 限 公 司 （於百慕達註冊成立之有限公司） （股份代號：676） 截 至 二 零 二 二 年 十 二 月 三 十 一 日 止 年 度 經 審 核 年 度 業 績 公 佈 經審核年度業績 創信國際控股有限公司（「本公司」）董事會（「董事會」）宣佈本公司及其附屬公司 （「本集團」）截至二零二二年十二月三十一日止年度經審核綜合業績連同二零 二一年相應期間的比較數據。 ...