Contents 目錄 CHINA UPTOWN GROUP COMPANY LIMITED 中國上城集團有限公司 ANNUAL REPORT 2024 二零二四年年報 1 2 Corporate Information 公司資料 4 Five Years Financial Summary 五年財務概要 5 Management Discussion and Analysis 管理層討論及分析 16 Biographical Details of Directors 董事簡介 21 Corporate Governance Report 企業管治報告 58 Environmental, Social and Governance Report 環境、社會及管治報告 99 Report of Directors 董事會報告 115 Independent Auditor's Report 獨立核數師報告 122 Consolidated Statement of Profit or Loss 綜合損益表 123 Consolidated Statement of Profit or Loss and Othe ...

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。 China Uptown Group Company Limited 中國上城集團有限公 司 （於開曼群島註冊成立之有限公司） （股份代號﹕2330） (1)截至二零二四年十二月三十一日止年度之全年業績； (2)委任提名委員會成員；及 | | | 二零二四年 | 二零二三年 | | --- | --- | --- | --- | | | 附註 | 人民幣千元 | 人民幣千元 | | 收益 | 3 | 23,322 | 4,442 | | 銷售成本 | | (23,302) | (4,262) | | 毛利 | | 20 | 180 | | 其他收入 | 4 | 15,832 | 161 | | 其他虧損 | 5 | (80) | (868) | | 其他應收款項預期信貸虧損 | | | | | （「預期信貸虧損」）模式項下確認之 | | | | | 撥備（撥備撥回） | | (6,893) | 274 ...

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。 China Uptown Group Company Limited 中國上城集團有限公 司 （於開曼群島註冊成立之有限公司） （股份代號﹕2330） (1)截至二零二四年十二月三十一日止年度之全年業績； (2)委任提名委員會成員；及 (3)恢復買賣 中國上城集團有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及 其附屬公司（「本集團」）截至二零二四年十二月三十一日止年度（「本年度」）之 經審核綜合財務業績連同截至二零二三年十二月三十一日止年度之比較數字 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 二零二四年 二零二三年 人民幣千元 人民幣千元 年內虧損 (53,347) (51,637) 將不會重新分類至損益之項目： 因將功能貨幣換算為呈列貨幣產生之匯兌差額 24,568 19,081 其後可能重新分類至損益之項目： 因換算海外業務之財務報表產生之匯兌差額 ...

Revenue and Financial Performance - Revenue from property development and investment business for the six months ended June 30, 2024, was RMB nil, a significant decrease from RMB 4,468,000 in the same period of 2023[6]. - The Group's revenue for the six months ended June 30, 2024, was approximately RMB 23,328,000, a significant increase from RMB 4,468,000 in 2023, all attributed to the trading business[15]. - For the period, the Group's revenue from trading business was approximately RMB 23,328,000, compared to RMB 4,468,000 from property development and investment in 2023[18]. - The Group's total revenue for the first half of 2024 was RMB 23,328,000, a notable increase from the previous year's total of RMB 4,468,000[76]. - The loss attributable to owners of the Company for the period was approximately RMB 16,414,000, an improvement from RMB 32,831,000 in 2023, primarily due to low gross profit from trading and allowances on properties[15]. - The Group reported a net loss of approximately RMB 19,636,000 for the six months ended June 30, 2024, continuing a trend of recurring losses over the past four years[70]. - The total comprehensive expense for the period was RMB 19,774,000, down from RMB 44,503,000 in the previous year, indicating a decrease of about 55.6%[59]. - The loss before taxation was RMB 19,646,000, compared to a loss of RMB 43,812,000 in the same period of 2023[58]. - Basic loss per share was (5.63) RMB cents, improved from (12.71) RMB cents in the previous year[58]. Property Development Projects - The total area of residential and commercial properties recognized as sales from the First Maoming Project was approximately 510 square meters in the last corresponding period[6]. - The Second Maoming Project has a total site area of approximately 29,274.16 square meters, with land acquisition costs amounting to approximately RMB 241,512,000[9]. - The planned gross saleable area for the Second Maoming Project is 84,000 square meters, which includes 59,000 square meters for residential areas and 25,000 square meters for commercial areas[9]. - The Second Maoming Project will also include 1,000 carpark spaces[9]. - The First Maoming Project's sales process is nearing completion, impacting revenue generation significantly[6]. - The Group's focus remains on the development of the Second Maoming Project, which is still under construction[6]. - As of June 2024, approximately 63% of the Second Maoming Project's construction has been completed, with pre-sales of the first two residential blocks commencing in June 2022 and the remaining two blocks scheduled for the second half of 2024[10]. - The Group is exploring property development opportunities outside China and diversifying into additional types of electronic products and commodities[14]. Financial Position and Assets - Bank balances and cash as of June 30, 2024, were approximately RMB 12,102,000, down from RMB 17,208,000 as of December 31, 2023[16]. - The total assets of the Group as of June 30, 2024, were approximately RMB 660,394,000, compared to RMB 651,734,000 as of December 31, 2023[16]. - The Group's total assets were approximately RMB 660,394,000, up from RMB 651,734,000 as of December 31, 2023[18]. - The gearing ratio was approximately 23% as of June 30, 2024, compared to 20% on December 31, 2023[19]. - The Group had commitments for property development amounting to RMB 240,000,000 as of June 30, 2024, slightly down from RMB 242,952,000 at the end of 2023[23]. - The Group's maximum obligation regarding mortgage facilities provided to purchasers of properties was approximately RMB 92,542,000, down from RMB 94,046,000 in 2023[29]. - The Group's total liabilities increased to RMB 525,548,000 from RMB 503,659,000, reflecting an increase of approximately 4%[84]. - The Group's segment assets for property development and investment decreased to RMB 616,567,000 from RMB 630,026,000, a decline of about 2%[84]. Governance and Management - Changes in the Board of Directors included the resignation of Mr. PAN Shimin as Chairman on April 10, 2024, and the appointment of Mr. PANG Chung Fai Benny as Chairman on the same date[46]. - The Company confirmed compliance with all relevant code provisions set out in the Corporate Governance Code during the reporting period[46]. - The Company has adopted the Model Code for Directors' securities transactions and confirmed compliance throughout the reporting period[46]. - The Audit Committee comprises three independent non-executive Directors, ensuring compliance with corporate governance standards[49]. - The Company appointed new members to key committees, including the Remuneration and Nomination Committees, indicating a shift in governance structure[47]. Financing and Capital Management - The Company aims to leverage the proceeds from the First Maoming Project to fund the development of the Second Maoming Project[5]. - The Group plans to continue identifying various financing options, including attracting new investors and establishing business partnerships[12]. - A rights issue was announced on April 8, 2024, offering two rights shares for every one share held at a subscription price of HK$0.15[31]. - The rights issue and placing were completed on July 22, 2024, and August 5, 2024, respectively, with a total of 8,347,605 rights shares allotted, representing approximately 1.8% of the total available[32]. - The gross proceeds from the rights issue and placing were approximately HK$1.6 million, with net proceeds estimated at HK$0.56 million after expenses[33]. - The net proceeds from the rights issue and placing will be used for professional fees and general working capital[33]. - The Group is actively seeking property development opportunities outside of China and exploring trade in other types of electronic products and goods[17]. - The Group is exploring property development opportunities outside China and diversifying into additional types of electronic products and commodities[14]. Risks and Uncertainties - There exists a material uncertainty regarding the Group's ability to continue as a going concern due to the reliance on successful execution of financing plans[55]. - The Group is facing material uncertainties regarding its ability to continue as a going concern due to ongoing losses and limited cash reserves[68]. - The report emphasizes the importance of risk management and internal control systems, highlighting the Company's commitment to financial integrity[49]. Shareholder Information - As of June 30, 2024, Ming Hung Fung Company Limited held 72,000,000 shares, representing approximately 23.58% of the total shares in issue[38]. - Mr. Liu Dong and Mr. Liu Zhongxiang each have interests in controlled corporations holding 72,000,000 shares and 24,210,526 shares, respectively[38]. - Mr. Chen Qiang held 14,950,000 shares, representing approximately 4.90% of the total shares in issue[38]. - As of June 30, 2024, no party was reported to have an interest or short position in the shares that required disclosure under the SFO[40]. - No significant shareholders were identified as having the ability to control 5% or more of the voting power at the general meeting as of June 30, 2024[40]. Operational Highlights - The Group's trading team will continue to explore other opportunities and may diversify into other products, including commodities[12]. - The Group's financial performance reflects a strategic shift towards electronic product trading, with no significant contributions from property development in the current reporting period[79]. - The Group's segment loss for property development and investment was RMB (11,621,000), while the trading of electronic products reported a profit of RMB 13,000, resulting in a total segment loss of RMB (11,608,000) for the first half of 2024[81]. - The Group's revenue from electronic product sales in Hong Kong was RMB 23,328,000, with no revenue reported from property sales in mainland China during the current period[76].

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。 1 China Uptown Group Company Limited 中國上城集團有限公 司 （於開曼群島註冊成立之有限公司） （股份代號﹕2330） 截至二零二四年六月三十日止六個月之中期業績 中國上城集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）宣佈本公司及其附 屬公司（統稱為「本集團」）截至二零二四年六月三十日止六個月（「本期間」）之未經審 核簡明綜合中期業績。 簡明綜合損益表 截至二零二四年六月三十日止六個月 | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------|-------|------------------------------------------------- ...

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。 1 China Uptown Group Company Limited 中國上城集團有限公 司 （於開曼群島註冊成立之有限公司） （股份代號﹕2330） 截至二零二四年六月三十日止六個月之中期業績 中國上城集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）宣佈本公司及其附 屬公司（統稱為「本集團」）截至二零二四年六月三十日止六個月（「本期間」）之未經審 核簡明綜合中期業績。 簡明綜合損益表 截至二零二四年六月三十日止六個月 | --- | --- | --- | --- | |------------------------------------------------------------------------------------------------------|-------|------------------------------------------------- ...

1 CHINA UPTOWN GROUP COMPANY LIMITED 中國上城集團有限公司 ANNUAL REPORT 2023 二零二三年年報 Contents | 2 | Corporate Information | | --- | --- | | | 公司資料 | 目錄 4 Five Years Financial Summary 五年財務概要 Contents 目錄 5 Management Discussion and Analysis 管理層討論及分析 17 Biographical Details of Directors 董事簡介 22 Corporate Governance Report 企業管治報告 55 Environmental, Social and Governance Report 環境、社會及管治報告 90 Report of Directors 董事會報告 105 Independent Auditor's Report 獨立核數師報告 113 Consolidated Statement of Profit or Loss 綜合損益表 114 Consolidate ...

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。 China Uptown Group Company Limited 中國上城集團有限公 司 （於開曼群島註冊成立之有限公司） （股份代號﹕2330） 截至二零二三年十二月三十一日止年度之全年業績 中國上城集團有限公司（「本公司」）董事（「董事」）會（「董事會」）宣佈本公司及其附屬 公司（「本集團」）截至二零二三年十二月三十一日止年度（「本年度」）之經審核綜合財 務業績連同截至二零二二年十二月三十一日止年度之比較數字如下： 綜合損益表 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 | | --- | --- | --- | --- | | | 附註 | 人民幣千元 | 人民幣千元 | | 收益 | 3 | 4,442 | 60,709 | | 銷售成本 | | (4,262) | (51,625) | | 毛利 | | 180 | 9,084 | | 其他收入 | 4 | ...

Contents 目錄 | CORPORATE INFORMATION | 2 | | --- | --- | | 公司資料 | | | MANAGEMENT DISCUSSION AND ANALYSIS | 4 | | 管理層討論及分析 | | | OTHER INFORMATION | 14 | | 其他資料 | | | REPORT ON REVIEW OF CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | 19 | | 簡明綜合財務報表審閱報告 | | | CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS | 21 | | 簡明綜合損益表 | | | CONDENSED CONSOLIDATED STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME | 22 | | 簡明綜合損益及其他全面收益表 | | | CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION | 23 | | 簡明綜合財 ...

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。 China Uptown Group Company Limited 中 國 上 城 集 團 有 限 公司 （於開曼群島註冊成立之有限公司） 2330 （股份代號﹕ ） 截至二零二三年六月三十日止六個月之中期業績 中國上城集團有限公司（「本公司」）之董事（「董事」）會（「董事會」）宣佈本公司及其附 屬公司（統稱為「本集團」）截至二零二三年六月三十日止六個月（「本期間」）之未經審 核簡明綜合中期業績。 簡明綜合損益表 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 人民幣千元 人民幣千元 （未經審核） （未經審核） 3 4,468 50,272 收益 (4,262) (42,401) 銷售成本 206 7,871 毛利 ...