Financial Performance - The Group recorded a total gain of approximately HK$125.3 million from listed investments for the year ended September 30, 2025[13]. - For the year ended September 30, 2025, the Group reported revenue of approximately HK$145.9 million, a significant increase from a negative revenue of HK$2.3 million in the previous year[37]. - The net profit attributable to equity holders of the Company for the year was approximately HK$131.1 million, compared to a net loss of HK$19.9 million in the previous year[37]. - The performance on listed investments changed from a loss of HK$22.1 million in 2024 to a gain of HK$125.3 million in the Year, comprising a net realised gain of approximately HK$40.6 million and an unrealised gain of approximately HK$84.6 million[38][39]. - The net realised gain of approximately HK$40.6 million includes realised gains of approximately HK$44.7 million, net of realised losses of approximately HK$4.1 million[40]. - The net unrealised gain of approximately HK$84.6 million consists of unrealised gains of approximately HK$109.3 million, offset by unrealised losses of approximately HK$24.7 million[44]. - The Group recorded a net profit of approximately HK$131.1 million for the Year, a significant improvement from a net loss of HK$19.9 million in the previous year[39]. Investment Strategy - The Company anticipates a favorable global investment atmosphere due to expected interest rate reductions by the Federal Reserve in 2026[19]. - The Group plans to adopt cautious measures to manage its investment portfolio amid anticipated global investment instability[22]. - The Group anticipates better performance in global investment markets due to the economic recovery in Hong Kong and potential interest rate declines, although it will continue to manage its investment portfolio cautiously[24]. - The Group expects global investment to be less stable in the coming year due to ongoing tensions in US-China relations, prompting continued prudent management of its investment portfolio[25]. - The Group has been actively seeking fundraising opportunities to strengthen its financial position[51]. Asset and Liquidity Management - As of September 30, 2025, the Group's total assets increased to approximately HK$474.9 million from HK$353.0 million in 2024, with cash and cash equivalents rising to HK$38.3 million[49]. - The Group's current ratio improved from 4.6 as of September 30, 2024, to 11.5 as of September 30, 2025, indicating a strong liquidity position[49]. - The gearing ratio decreased to 8.0% from 14.0% in the previous year, reflecting a low level of debt relative to equity[50]. - The Group raised net proceeds of approximately HK$20.5 million from the convertible bond placing, which was fully utilized for general working capital and future investments[59]. - The Group had pledged listed stocks valued at approximately HK$82.4 million to secure margin financing as of September 30, 2025[108]. Corporate Governance - The Board comprises two Executive Directors and three Independent Non-executive Directors as of the fiscal year ended September 30, 2025[115]. - The Board is committed to maintaining corporate governance standards and compliance with the mandatory Corporate Governance Code provisions[112]. - The Audit Committee, chaired by Mr. Cheung Wai Kin, held three meetings during the year to review financial reporting and risk management systems[135]. - The Company has a strong corporate governance structure to ensure effective oversight of management[128]. - The Board believes it is appropriately structured to provide sufficient checks and balances to protect the interests of the Group and shareholders[121]. Risk Management - The Group identifies and assesses significant risks that may affect its business operations, prioritizing them based on impact and likelihood[157]. - The risk management systems are designed to manage risks rather than eliminate them, providing reasonable assurance against material misstatement[151]. - The Board is committed to implementing effective risk management and internal control systems to safeguard shareholder interests and Group assets[147]. - The management provided an action plan to mitigate identified deficiencies in the risk management and internal control systems[163]. Shareholder Communication - The Company prioritizes effective communication with shareholders and provides relevant information in its interim and annual reports[171]. - The Company encourages shareholders to attend annual general meetings for direct communication with the Board and management[172]. - The procedures for shareholders to convene an extraordinary general meeting require a requisition from shareholders holding at least one-tenth of the paid-up capital[174]. Future Outlook - The Company expressed gratitude to the management team and staff for their contributions during the fiscal year 2024/25[23]. - The Group's business review and likely future development can be found in the "Executive Directors' Statement" on pages 4 to 5[189][198].

Financial Performance - The revenue for the six months ended October 31, 2025, was HKD 39,537,000, a decrease of 15.5% compared to HKD 46,797,000 for the same period in 2024[4] - Gross profit for the same period was HKD 25,405,000, down from HKD 33,466,000, reflecting a gross margin decline[4] - The net profit attributable to the owners of the company for the period was HKD 75,967,000, significantly up from HKD 30,486,000 in the previous year, representing a 149.5% increase[5] - Other income increased to HKD 280,000 from HKD 61,000, while other gains rose sharply to HKD 74,384,000 from HKD 21,400,000[4] - The total comprehensive income for the period was HKD 76,205,000, compared to HKD 31,566,000 in the previous year, reflecting strong overall performance[5] - The company reported a pre-tax profit of HKD 75,967,000 for the six months ended October 31, 2025[14] - Revenue decreased by approximately 15.6% compared to the same period last fiscal year, with a net profit attributable to owners of approximately HKD 76,000,000 for the reporting period[55] Assets and Equity - The company's total assets as of October 31, 2025, were HKD 647,571,000, an increase from HKD 563,898,000 as of April 30, 2025[6] - The net asset value increased to HKD 453,702,000 from HKD 377,497,000, indicating a growth in shareholder equity[6] - As of October 31, 2025, total equity attributable to owners was approximately HKD 453,700,000, up from approximately HKD 377,500,000 as of April 30, 2025[56] - Current assets amounted to approximately HKD 647,600,000 as of October 31, 2025, compared to approximately HKD 563,900,000 as of April 30, 2025[60] Cash Flow and Liquidity - The company’s cash and cash equivalents decreased to HKD 3,913,000 from HKD 15,545,000, indicating a reduction in liquidity[6] - For the six months ended October 31, 2025, the net cash used in operating activities was HKD (7,750,000), a decrease from HKD 2,904,000 in the same period of 2024[8] - The net cash and cash equivalents decreased by HKD 11,632,000, compared to a decrease of HKD 1,071,000 in the prior year[8] - The company had cash and cash equivalents of HKD 3,913,000 at the end of the period, down from HKD 17,409,000 a year earlier[8] Financing and Costs - The company reported a financing cost of HKD 4,680,000, which increased from HKD 2,958,000 in the previous year, indicating higher borrowing costs[4] - The financing costs for the six months ended October 31, 2025, were HKD 4,680,000, an increase from HKD 2,958,000 in 2024[18] - Operating and administrative expenses slightly decreased by about 1.7% due to reduced employee costs and tightened cost control[55] - Financing costs increased from approximately HKD 3,000,000 in the same period last year to approximately HKD 4,700,000 in the reporting period[55] Revenue Segmentation - Revenue from construction and related services was HKD 14,941,000, a decline of 13.6% compared to HKD 17,290,000 in the previous year[12] - Revenue from the scaffolding, fit-out, and other ancillary services segment was approximately HKD 14,900,000, a decrease of about HKD 2,300,000 compared to the previous year, attributed to a reduction in new contracts[37] - The lending division recorded revenue of approximately HKD 24,600,000, a decrease from HKD 29,500,000 in the same period last year[45] Operational Insights - The company operates in three segments: construction services, lending business, and securities investment, with total external revenue of HKD 39,537,000 for the period[13] - The company provided scaffolding services for 7 ongoing projects during the reporting period, with 22 projects completed on schedule and 3 new contracts obtained[38] - The company aims to continue acquiring new contracts in the competitive fit-out services market[39] - The company’s proprietary scaffolding system has significantly improved labor efficiency and cost savings in the industry[38] Risk Management and Future Outlook - The company has implemented credit risk assessment policies, including issuing repayment requests for overdue loans and potential legal actions[44] - The company anticipates a cautious but optimistic outlook for 2026, benefiting from a projected recovery in the Hong Kong construction market[52] - The company will continue to adopt a prudent and risk-averse strategy in its lending business, prioritizing asset quality and risk mitigation over aggressive loan portfolio expansion[53] Corporate Governance - The company has adopted a share option scheme effective until October 21, 2031, allowing for the issuance of options not exceeding 10% of the relevant class of shares[63] - The company adhered to the GEM Listing Rules regarding the conduct of securities transactions by directors during the reporting period[74] - The company has complied with the corporate governance code, except for the absence of a separate chairman and CEO, which the board believes does not hinder effective decision-making[77] - An audit committee has been established under the board, consisting of three independent non-executive directors, responsible for reviewing financial reports and internal controls[78]

星 謙 發 展 控 股 有 限 公 司 （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） （香港股份代號：640） （新加坡股份代號：ZBA） （ 公司註冊編號：234794 ） 有關截至二零二五年九月三十日止年度之年度業績及年報以及 本公司日期為二零二六年一月五日之通函之澄清公告 茲提述(i) 星謙發展控股有限公司（「本公司」）截至二零二五年九月三十日止年度 之年度業績公告（「二零二五年年度業績」）；(ii) 本公司截至二零二五年九月三十 日止年度之年報（「二零二五年年報」）；及(iii) 本公司日期為二零二六年一月五日 之通函（「通函」）。除非文義另有所指，否則本公告所用詞彙與通函所界定者具有 相同涵義。 有關釐定於新交所上市及買賣之股份之建議末期股息權利安排之澄清 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，並明確表示概不就因本公告全部或任何 部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 INFINITY DEVELOPMENT HOLDINGS COMPANY LIMITED 1 除上文所披露者外，二零二五 ...

| | 頁次 | | --- | --- | | 公司資料 | 2 | | 財務摘要 | 3 | | 管理層討論及分析 | 4 | | 中期財務資料審閱報告 | 9 | | 簡明綜合中期全面收入表 | 10 | | 簡明綜合中期資產負債表 | 11 | | 簡明綜合中期權益變動表 | 12 | | 簡明綜合中期現金流量表 | 13 | | 簡明綜合中期財務資料附註 | 14 | | 其他資料 | 32 | 1 國際家居零售有限公司 2025/26 中期報告 公司資料 董事 目錄 執行董事： 魏麗霞女士 （主席兼行政總裁） 劉栢輝先生 （榮譽主席） 鄭聲旭先生 （首席財務總監） 獨立非執行董事： 孟永明先生 吳士元先生 楊耀強先生 核數師 羅兵咸永道會計師事務所 執業會計師 公司秘書 張志偉先生 HKICPA 註冊辦事處 Cricket Square, Hutchins Drive PO Box 2681, Grand Cayman KY1-1111, Cayman Islands 香港總辦事處及主要營業地點 中國銀行（香港）有限公司 星展銀行（香港）有限公司 恒生銀行有限公司 香港上海滙豐銀行有限公司 香港股 ...

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement. 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。 INDIGO STAR HOLDINGS LIMITED 靛藍星控股有限 ...

香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）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。 RMH HOLDINGS LIMITED （於開曼群島註冊成立之有限公司） （股份代號：8437） 有關截至2023年及2024年12月31日止年度之年報 的補充公告 承董事會命 德斯控股有限公司 主席及執行董事 潘俊彥 香港，2026年1月23日 茲提述德斯控股有限公司（「本公司」，連同其附屬公司統稱「本集團」）截至2023年 及2024年12月31日止年度之年報（「年報」）。除另有界定外，本公告所用詞彙與年 報所界定者具有相同涵義。 董事會謹此就年報所載綜合財務報表披露之已付或應付董事及主要行政人員的酬 金提供補充資料。 行政總裁姓名 李立偉先生 | | | 退休福利 | | | | --- | --- | --- | --- | --- | | | 袍金 | 薪金及津貼 | 計劃供款 | 總計 | | | 新加坡元 | 新加坡元 | 新加坡元 | 新加坡元 | | 截至下列日期止年度 ...

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之內容概不負責， 對其準確性或完備性亦不發表任何聲明，並明確表示概不會就因本公告全部或任 何部分內容而產生或因依賴該等內容而引致之任何損失承擔任何責任。 Gemilang International Limited 彭順國際有限公司 （於開曼群島註冊成立之有限公司） （股份代號：6163） 截至二零二五年十月三十一日止年度之 年度業績公告 財務摘要 － 本年度之每股基本及攤薄虧損為0.16美分（二零二四年：0.41美分）。 3 綜合財務狀況表 1 － 收益由截至二零二四年十月三十一日止年度約22.96百萬美元增加至本年 度約25.97百萬美元。有關增加源於銷售車身及套件以及銷售部件及提供相 關服務所得之收益增加。 － 本集團於本年度錄得虧損約0.44百萬美元（二零二四年：1.03百萬美元）。 本年度之虧損較截至二零二四年十月三十一日止年度有所減少，主要可歸 因於貿易及其他應收款項之減值虧損撥備淨額減少，以及銷售車身及套件 之銷售額增加。 年度業績 彭順國際有限公司（「本公司」）董事（「董事」）會（「董事會」）欣然公佈本公司及其 附屬公司（統稱「本集團」） ...

China Next-Gen Commerce and Supply Chain Limited 中國新零售供應鏈集團有限公司 股份代號：3928 （於開曼群島註冊成立的有限公司） 2025 年 報 Stock Code: 3928 (Incorporated in the Cayman Islands with limited liability) China Next-Gen Commerce and Supply Chain Limited Annual China Next-Gen Commerce and Supply Chain Limited 中國新零售供應鏈集團有限公司 2025 ANNUAL REPORT Report 2025 年報 中國新零售供應鏈集團有限公司 C M Y CM MY CY CMY K China Next-Gen Commerce and Supply Chain AR2025 Cover V03A_20.5mm_OP.pdf 1 16/1/2026 17:47 目錄 | 4 | 主席報告 | | --- | --- | | 6 | 管理層討論及分析 | | 17 | ...

( Stock Code 股份代號：1470 (Incorporated in the Cayman Islands with limited liability) 於開曼群島註冊成立的有限公司) 2025/26 INTERIM REPORT 中期報告 CONTENTS 目錄 2 Corporate Information 公司資料 5 Chairman's Statement 主席報告 8 Management Discussion and Analysis 管理層討論及分析 12 Corporate Governance and Other Information 企業管治及其他資料 17 Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income 簡明綜合損益及其他全面收益表 18 Condensed Consolidated Statement of Financial Position 簡明綜合財務狀況表 20 Condensed Consolidated Statement of Changes ...

Revenue Performance - Revenue for the six months ended 31 October 2025 decreased to approximately HK$75.40 million, down 53.30% from approximately HK$161.44 million for the same period in 2024[10]. - The Group's total revenue decreased by approximately HK$86.04 million or about 53.30% from approximately HK$161.44 million for the six months ended 31 October 2024 to approximately HK$75.40 million for the six months ended 31 October 2025[23]. - Revenue from slope works decreased by approximately 60.00%, from approximately HK$161.15 million in 2024 to approximately HK$64.46 million in 2025[19]. - Revenue from foundation works increased significantly by approximately 3,675.86%, from approximately HK$0.29 million in 2024 to approximately HK$10.95 million in 2025[20]. - Revenue from slope works decreased from approximately HK$161.15 million to approximately HK$64.46 million, a decline of about 60.00%, primarily due to a reduction in the number of slope works projects[23]. - Revenue from foundation works increased from approximately HK$0.29 million to approximately HK$10.95 million, an increase of approximately 3,675.86%, attributed to a rise in the number of foundation works projects[23]. - Total revenue for the six months ended 31 October 2025 was HK$75,403,000, down from HK$161,439,000 in the same period of 2024, representing a decline of approximately 53.3%[119]. Financial Losses - Loss attributable to owners of the Company for the Reporting Period was approximately HK$2.26 million, compared to a loss of HK$0.046 million in 2024[10]. - Basic loss per share for the Reporting Period was approximately HK0.143 cents, an increase from HK0.003 cents in 2024[10]. - The loss before taxation for the six months was HK$2,255,000, compared to a profit of HK$353,000 in the previous year[89]. - The total comprehensive loss for the period was HK$2,255,000, significantly higher than the loss of HK$46,000 in 2024[89]. - The Group reported a net loss of approximately HK$2,255,000 for the six months ended 31 October 2025[113]. Operating Environment - The Group is facing a challenging operating environment due to rising subcontracting costs and intense competition, which is expected to pressure profit margins[17]. - The Directors remain cautiously optimistic about the slope works industry in Hong Kong despite the current challenges[14]. - The overall revenue decrease was primarily attributed to a reduction in slope works projects undertaken[18]. Cash Flow and Liquidity - As of 31 October 2025, the Group's cash at banks and in hand amounted to approximately HK$19.89 million, a decrease of approximately HK$16.15 million from approximately HK$36.04 million as of 30 April 2025[37]. - The cash inflow from new borrowings raised amounted to HK$1,571,000[98]. - The Group's financing activities resulted in a net cash outflow of HK$20,229,000, compared to a net inflow of HK$2,525,000 in the previous year[98]. - Operating cash inflow for the same period was approximately HK$4,081,000, indicating some improvement in cash flow management[114]. Equity and Liabilities - The Group's equity attributable to owners was approximately negative HK$23.89 million as of 31 October 2025, compared to approximately negative HK$21.63 million as of 30 April 2025[36]. - The gearing ratio as of 31 October 2025 was negative approximately 151.90%, an improvement from negative approximately 257.37% as of 30 April 2025[39]. - Current assets decreased to HK$32,144,000 as of 31 October 2025, down from HK$62,324,000 as of 30 April 2025[92]. - Current liabilities were HK$56,315,000, a reduction from HK$84,331,000 as of 30 April 2025[92]. - The net current liabilities increased to HK$24,171,000 as of 31 October 2025, compared to HK$22,007,000 as of 30 April 2025[92]. - The Group's total deficit as of 31 October 2025 was HK$23,888,000, worsening from HK$21,633,000 as of 30 April 2025[92]. Governance and Compliance - The Company complied with the Corporate Governance Code, except for the absence of a chairman to hold meetings with independent non-executive directors[73]. - The Audit Committee consists of three independent non-executive Directors, with Mr. Fu Yan Ming as the chairman, who has appropriate qualifications in accounting[82]. - No competing interests were reported among directors, controlling shareholders, or substantial shareholders during the period[70]. Dividends and Share Options - The Board does not recommend the payment of an interim dividend for the Reporting Period[10]. - The Board did not recommend any payment of dividends for the six months ended October 31, 2025, consistent with the previous year[80]. - There were no share options granted under the share option scheme as of 31 October 2025[85]. - The company does not recommend the payment of an interim dividend for the six months ending October 31, 2025, consistent with the previous year[141]. Employee Costs - Total employee costs for the period amounted to HKD 1.82 million, determined based on market levels and individual performance[57]. - Total staff costs for the period were HK$1,815,000, down from HK$1,881,000, indicating a reduction in personnel expenses[135]. - The remuneration for key management personnel, including salaries and allowances, totaled HK$1,201,000 for the six months ended 31 October 2025, consistent with the previous year[174]. Trade and Receivables - Trade receivables from customers decreased to HK$8.566 million as of October 31, 2025, from HK$11.910 million as of April 30, 2025[148]. - The ageing analysis of trade receivables shows that all receivables are within 30 days as of October 31, 2025, totaling HK$8.566 million[151]. - Trade payables decreased to HK$10.628 million as of October 31, 2025, from HK$20.984 million as of April 30, 2025[156]. Other Financial Information - The financial statements are prepared in accordance with Hong Kong Accounting Standards and applicable GEM Listing Rules[103]. - No provision for Hong Kong Profits Tax was made for the period as there were no assessable profits[138]. - The estimated Hong Kong profits tax for the company during the period is 16.5%, with no taxable profits generated in Hong Kong, resulting in no provision for profits tax for the period ending October 31, 2025[140]. - There were no significant events reported after the end of the reporting period[175].