Stock Option Plan - The company provided a supplementary announcement regarding the stock option plan in accordance with the listing rules[2] - No stock options have been granted from the listing date to the date of the 2024 annual report[2] Board of Directors - The board of directors includes two executive directors, three non-executive directors, and two independent non-executive directors[4]

INTERIM REPORT 2025 Interim Report 2025 2025 中期報 告 中期報告 目 錄 | | 頁次 | | --- | --- | | 公司資料 | 2 | | 管理層討論及分析 | 3 | | 其他資料 | 6 | | 簡明綜合損益表 | 14 | | 簡明綜合損益及其他全面收益表 | 15 | | 簡明綜合財務狀況表 | 16 | | 簡明綜合權益變動表 | 18 | | 簡明綜合現金流量表 | 19 | | 簡明綜合財務報表附註 | 20 | 公司資料 截至二零二五年九月三十日 執行董事 林家俊 （主席兼行政總裁） 獨立非執行董事 黃保強 王子牛 許慧齡 授權代表 林家俊 林家俊 （主席） 王子牛 許慧齡 百慕達註冊辦事處及股份過戶 登記處 Clarendon House 2 Church Street Hamilton HM 11 Bermuda 總辦事處及主要營業地點 香 港 灣仔港灣道26號 華潤大廈40樓4001–02室 香港股份過戶登記處 聯合證券登記有限公司 香港北角 英皇道338號 華懋交易廣場2期 3301–04室 審核委員會 黃保強 （主席） 王子牛 ...

Financial Performance - The group's revenue for the six months ended September 30, 2025, was HKD 47,622,000, a decrease of 20% compared to HKD 59,455,000 in the same period of 2024[6] - Gross profit increased significantly to HKD 13,637,000, up from HKD 4,516,000, reflecting a gross margin improvement[6] - The group reported a profit before tax of HKD 12,366,000, down from HKD 19,292,000 in the previous year, indicating a decline of 36%[6] - Net profit for the period was HKD 11,988,000, compared to HKD 19,247,000 in 2024, representing a decrease of 37%[6] - Basic and diluted earnings per share were HKD 0.088, down from HKD 0.144 in the same period last year[6] Assets and Cash Flow - Total assets as of September 30, 2025, were HKD 221,696,000, an increase from HKD 205,090,000 as of March 31, 2025[7] - Cash and cash equivalents at the end of the period increased to HKD 27,726,000 from HKD 16,358,000 at the beginning of the period[9] - The group generated net cash from operating activities of HKD 11,851,000, a significant recovery from a cash outflow of HKD 28,126,000 in the previous year[9] - Non-current assets increased to HKD 136,312,000 from HKD 112,230,000, driven by fair value gains on financial assets[7] Revenue Breakdown - Revenue from new property construction was HKD 38,530,000, down from HKD 50,831,000 in 2024, representing a decline of approximately 24%[14] - The company's revenue decreased by approximately HKD 11.9 million or 20.0% to about HKD 47.6 million for the six months ended September 30, 2025, primarily due to a reduction in the number of projects[34] Employee and Operational Costs - The total employee costs for the period were HKD 38,631,000, a decrease of 20% compared to HKD 48,241,000 in 2024[17] - Service costs decreased by approximately HKD 20.9 million or 38.1% to about HKD 34.0 million for the same period, mainly due to reductions in director remuneration and employee costs[35] - General and administrative expenses decreased by approximately HKD 2.6 million or 12.1% to about HKD 19.0 million for the six months ending September 30, 2025, compared to HKD 21.7 million for the same period in 2024[39] - Employee costs, including director remuneration, were approximately HKD 38.6 million for the six months ending September 30, 2025, compared to HKD 48.2 million for the same period in 2024[52] Corporate Governance and Compliance - The audit committee currently consists of two independent non-executive directors, and has reviewed and approved the unaudited condensed consolidated financial statements for the six months ended September 30, 2025[65] - The company has adopted a code of conduct regarding securities trading by directors, with no violations reported for the six months ended September 30, 2025[62] - The board of directors will continuously review corporate governance practices to enhance standards and meet regulatory requirements[61] - The company is committed to improving corporate governance standards in response to increasing expectations from shareholders and stakeholders[59] - The resignation of independent non-executive director Shao Yuming will result in non-compliance with GEM Listing Rules regarding the number of independent directors[60] - The audit committee's composition will be reviewed to ensure compliance with GEM Listing Rules following the resignation of Shao Yuming[60] Share Issuance and Equity - The company issued new shares raising HKD 2,425,000 during the period, contributing to an increase in total equity to HKD 211,733,000[8] - The company issued 63,450,000 shares at an issue price of HKD 0.039 per share, raising net proceeds of approximately HKD 2.42 million[30] Market Position and Future Outlook - The company’s core business remains focused on construction engineering consultancy services, while the IT sector is expected to be a key growth driver moving forward[32] - The company aims to expand its market share through strong client relationships and a stable project pipeline in its core construction consultancy business[33] Other Financial Metrics - The current ratio slightly decreased from approximately 3.4 times as of March 31, 2025, to about 3.3 times as of September 30, 2025[43] - The debt-to-equity ratio as of September 30, 2025, was 1.6%, indicating a healthy and sustainable level of borrowing[43] - There were no significant contingent liabilities as of September 30, 2025[49] - The company had no significant acquisitions or disposals of subsidiaries during the six months ending September 30, 2025[48] Internal Controls and Risk Management - The company has established a comprehensive internal control system, leading to no insurance arrangements for directors' liabilities at this time[59] - The company maintained a prudent treasury policy, ensuring a stable liquidity position throughout the reporting period[44] Dividend Policy - The group did not declare an interim dividend for the six months ended September 30, 2025, consistent with the previous year[23] - The company will not propose an interim dividend for the six months ended September 30, 2025[63] Stock Options - A total of 4,480,895 stock options were granted to directors and employees on October 27, 2025, which have not yet been exercised[64]

（ 於 開 曼 群 島 註 冊 成 立 之 有 限 公 司 ） （股份代號：8103） hmvod Limited hmvod視頻有限公司 截至二零二五年九月三十日止六個月 中期報告 香港聯合交易所有限公司（「聯交所」）GEM之特色 GEM之定位，乃為相比起其他在聯交所上市之公司帶有較高投資風險之中小型公司提 供一個上市之市場。有意投資之人士應了解投資於該等公司之潛在風險，並應經過審 慎周詳之考慮後方作出投資決定。 由於GEM上市公司一般為中小型公司，在GEM買賣之證券可能會較於聯交所主板買 賣之證券承受較大之市場波動風險，同時無法保證在GEM買賣之證券會有高流通量之 市場。 本報告之資料乃遵照聯交所GEM證券上市規則（「GEM上市規則」）而刊載，旨在提供 有關hmvod視頻有限公司（「本公司」）之資料；本公司董事（「董事」）願就本報告之資 料共同及個別地承擔全部責任。董事在作出一切合理查詢後，確認就彼等所知及所信， 本報告所載資料在各重大方面均屬準確完備，並無誤導或欺詐成份，亦無遺漏任何其 他事項，足以令本報告或其所載任何陳述產生誤導。 摘要 • 截至二零二五年九月三十日止六個月之營業額約為6,100,00 ...

中期報告 2025 INTERIM REPORT 2025 目 錄 | 公司資料 | 2 | | --- | --- | | 管理層討論與分析 | 5 | | 簡明綜合損益及其他全面收益表 | 10 | | 簡明綜合財務狀況表 | 11 | | 簡明綜合權益變動表 | 12 | | 簡明綜合現金流量表 | 13 | | 簡明綜合財務報表附註 | 14 | | 其他資料 | 31 | 公司資料 董事會 執行董事 金子博博士 （行政總裁） 非執行董事 王薛儼先生 （主席） 宋寧寧女士 獨立非執行董事 姚道華先生 金帆先生 宋嘉桓先生 審核委員會 姚道華先生 （主席） 金帆先生 宋嘉桓先生 薪酬委員會 宋嘉桓先生 （主席） 姚道華先生 金帆先生 提名委員會 宋嘉桓先生 （主席） 姚道華先生 金子博博士 宋寧寧女士 （於二零二五年七月十八日獲委任） 金帆先生 （於二零二五年七月二十二日獲委任） 公司秘書 公司資料 開曼群島註冊辦事處 Windward 3 Regatta Office Park PO Box 1350 Grand Cayman KY1-1108 Cayman Islands 總部及香港主要營業地點 香 ...

Financial Performance - The company reported revenue of HKD 112,626,000 for the six months ended September 30, 2025, a decrease of 7.7% compared to HKD 121,928,000 in the same period of 2024[5]. - Operating profit for the same period was HKD 77,131,000, down 12% from HKD 87,565,000 year-on-year[5]. - The net loss for the period was HKD 25,688,000, significantly improved from a loss of HKD 83,401,000 in the previous year, representing a reduction of 69%[6]. - The company reported a loss attributable to shareholders of HKD 85,847,000 for the period, compared to a profit of HKD 2,446,000 in the previous year[10]. - The group reported a net loss of HKD 25,700,000 for the six months ended September 30, 2025, compared to a loss of HKD 83,400,000 in the previous year[49]. - The company reported a pre-tax loss of HKD 28,970,000 for the six months ended September 30, 2025, compared to a loss of HKD 85,847,000 in 2024, indicating a significant reduction in losses[27]. Assets and Liabilities - The company’s total assets as of September 30, 2025, were HKD 10,860,738,000, slightly down from HKD 10,871,083,000 as of March 31, 2025[7]. - Total liabilities decreased to HKD 2,414,658,000 as of September 30, 2025, from HKD 2,434,883,000 as of March 31, 2025, showing a reduction of 0.8%[22]. - The company’s total equity as of September 30, 2025, was HKD 8,545,210,000, down from HKD 8,586,077,000[10]. - The company’s equity increased to HKD 8,446,080,000 from HKD 8,436,200,000, reflecting a stable financial position[8]. - The company’s cash flow from investment activities was HKD 16,203,000, a decrease from HKD 63,549,000 year-over-year[12]. Cash and Liquidity - Cash and bank balances increased to HKD 407,531,000 from HKD 389,634,000, indicating improved liquidity[7]. - Cash and cash equivalents at the end of the period increased to HKD 403,531,000 from HKD 385,692,000, showing a growth of about 4.3%[12]. - The company’s financial expenses decreased to HKD 47,475,000 from HKD 60,911,000, contributing to the overall improvement in financial results[5]. - Total bank borrowings amounted to HKD 2,257,000,000 as of September 30, 2025, down from HKD 2,281,000,000 as of March 31, 2025, with an average effective interest rate of 4.12% compared to 5.29% in 2024[60]. Investment Properties - The fair value of investment properties as of September 30, 2025, was HKD 7,848,447,000, reflecting a decrease from HKD 7,857,288,000 as of March 31, 2025[29]. - The fair value change of investment properties resulted in a loss of HKD 8,841,000, compared to a loss of HKD 7,346,000 in the previous year[18]. - The rental income from the property at 68 Yee Wo Street, Causeway Bay, was HKD 45,200,000, down from HKD 48,700,000 year-on-year, despite an increase in occupancy rate to 83%[51]. - The rental income from the property at 80,140 square feet in Central was HKD 22,900,000, a decrease from HKD 25,200,000 year-on-year, with an occupancy rate of 90%[51]. - The group’s property in Kwun Tong had a rental contribution of HKD 21,600,000, down from HKD 22,100,000 year-on-year, with a fair value decrease of HKD 2,000,000[50]. Corporate Governance - The company is committed to maintaining a high level of corporate governance to protect shareholder interests and enhance corporate value and accountability[77]. - The company has adopted the principles and corporate governance code as outlined in Appendix C1 of the listing rules, and has complied with all provisions of the corporate governance code for the six months ending September 30, 2025[77]. - The company has adopted the Standard Code for Securities Transactions by Directors as per Appendix C3 of the listing rules, confirming that all directors complied with the code throughout the period ending September 30, 2025[78]. - The board of directors consists of four independent non-executive directors who reviewed and recommended the approval of the unaudited consolidated interim financial statements for the six months ended September 30, 2025[75]. Shareholder Information - Major shareholders include Forward Investments Inc. with 283,200,215 shares (24.54%) and Intercontinental Enterprises Corp. with 215,768,260 shares (18.70%) as of September 30, 2025[71]. - The company did not recommend any interim dividend for the six months ended September 30, 2025, consistent with the previous year[74]. - The company had no purchases, sales, or redemptions of its listed shares during the six months ended September 30, 2025[76]. - The company has no unexercised share options granted under the share option scheme as of September 30, 2025[73].

(Incorporated in the Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） (Stock code 股份代號 : 3638) HUNLICAR GROUP LIMITED 亨利加集團有限公司 INTERIM REPORT 2025 中期報告 INTERIM REPORT 中期報告 2025 CONTENTS 目 錄 Hunlicar Group Limited 亨利加集團有限公司 Interim Report 中期報告 2025 | CORPORATE INFORMATION | 2 | | --- | --- | | 公司資料 | | | CONDENSED CONSOLIDATED INCOME STATEMENT | 6 | | 簡明合併收益表 | | | CONDENSED CONSOLIDATED STATEMENT OF | | | COMPREHENSIVE INCOME | 7 | | 簡明合併綜合收益表 | | | CONDENSED CONSOLIDATED STATEMENT OF | | | FINANCIA ...

Financial Performance - For the six months ended September 30, 2025, the revenue decreased to HK$51,320,000 from HK$185,663,000 in the same period of 2024, representing a decline of approximately 72.5%[13]. - Gross profit for the period was HK$955,000, down from HK$10,365,000, indicating a decrease of about 90.8%[13]. - The loss before tax for the period was HK$8,193,000 compared to a profit of HK$2,303,000 in the previous year, marking a significant turnaround[13]. - The total comprehensive loss for the period was HK$8,231,000, compared to a comprehensive income of HK$2,036,000 in the same period last year[13]. - Basic loss per share for the period was HK$0.97, compared to earnings of HK$0.26 per share in the same period last year[13]. - The Group recorded a loss of approximately HK$8.2 million for the six months ended 30 September 2025, compared to a profit of approximately HK$2.1 million for the same period in 2024, primarily due to a significant reduction in gross income from approximately HK$10.0 million to HK$1.0 million[154]. Assets and Liabilities - As of September 30, 2025, total assets less current liabilities amounted to HK$65,468,000, a decrease from HK$57,898,000 as of March 31, 2025[14]. - Current liabilities increased to HK$226,096,000 from HK$271,081,000, reflecting a reduction of approximately 16.6%[14]. - The company's net current liabilities stood at HK$66,866,000, compared to HK$58,002,000 in the previous reporting period[14]. - Non-current assets increased to HK$1,398,000 from HK$104,000, indicating a significant growth in long-term investments[14]. - The company's total equity as of September 30, 2025, was negative HK$66,129,000, compared to negative HK$57,898,000 as of March 31, 2025[16]. - The Group's financial liabilities at amortized cost total HK$226,568,000 as of September 30, 2025, compared to HK$270,913,000 as of March 31, 2025[120]. Cash Flow and Financing - Cash generated from operations for the six months ended September 30, 2025, was HK$3,151,000, a significant decrease from HK$23,857,000 in the prior year, reflecting a decline of approximately 86.8%[20]. - The Company had cash and cash equivalents of HK$899,000 at the end of the period, down from HK$5,420,000 at the end of September 30, 2024, indicating a decrease of approximately 83.4%[20]. - The Group's outstanding borrowings decreased to approximately HK$94.4 million as of 30 September 2025, down from HK$135.0 million as of 31 March 2025, all repayable on demand or within one year[156]. - The secured bank loans decreased from HK$110,344,000 as of March 31, 2025, to HK$70,768,000 as of September 30, 2025, representing a reduction of approximately 36%[99]. - The effective interest rates for secured bank loans ranged from 3.00% to 6.83% as of September 30, 2025, compared to 6.31% to 7.43% as of March 31, 2025[106]. Revenue and Contracts - For the six months ended September 30, 2025, the Group's revenue from construction services for residential properties was HK$50,429,000, a decrease of 72.7% compared to HK$184,871,000 for the same period in 2024[41]. - Revenue from contracts with customers totaled HK$51,320,000, down 72.5% from HK$185,663,000 in the previous year[41]. - Major customers included Customer A, contributing HK$31,957,000 (62.2% of total revenue) and Customer B, contributing HK$18,471,000 (36.0% of total revenue) for the period[49]. - The Group had two ongoing projects with a total contract value of HK$572.9 million, with approximately HK$50.4 million recognized as revenue during the reporting period[130]. - The Group was awarded three new projects during the reporting period, with a total contract sum of approximately HK$17.8 million[130]. Expenses and Costs - The Group's cost of services for the same period was approximately HK$50.4 million, down from HK$175.3 million in the corresponding period in 2024[140]. - Total staff costs decreased significantly to HK$2,517,000 in 2025 from HK$23,386,000 in 2024, reflecting a reduction of approximately 89.3%[64]. - Directors' remuneration was HK$735,000 for the period, down from HK$3,004,000 in 2024, indicating a decrease of about 75.6%[64]. - Finance costs decreased to approximately HK$2.6 million for the six months ended 30 September 2025, down from HK$5.0 million for the same period in 2024, due to the full settlement of loans totaling HK$44.5 million[152]. Management and Governance - The Group emphasizes the importance of risk management practices to mitigate operational and financial risks effectively[181]. - The Group has not disclosed any other interests or short positions in shares, convertible notes, or debentures by Directors or chief executives as of September 30, 2025[190]. - There are no competing business interests reported among Directors and their associates for the six months ended September 30, 2025[200]. Market Outlook and Strategy - The forecast for residential building completions in Hong Kong is 20,862 new units in 2025 and 20,098 new units in 2026, indicating a slight decline in demand for façade and curtain wall works[131]. - The Company plans to diversify operations by expanding into complementary sectors, including interior decoration, electrical and drainage works, and logistics and frozen storage warehouse[136].

(於開曼群島註冊成立的有限公司) 股份代號: 1773 2025 年度報告 目錄 | 公司資料 | 2 | | --- | --- | | 公司簡介 | 4 | | 財務摘要 | 5 | | 主席報告 | 7 | | 財務總結 | 9 | | 管理層討論與分析 | 11 | | 財政回顧 | 16 | | 董事及高級管理層 | 26 | | 董事報告 | 30 | | 企業管治報告 | 71 | | 獨立核數師報告 | 85 | | 綜合財務報表 | 91 | | 環境、社會及管治報告 | 183 | | 釋義 | 217 | 天立國際控股有限公司 二零二五年年報 公司資料 董事會 執行董事 頁次 羅實先生 （主席） 王銳先生 非執行董事 潘平先生 章文藻先生 李曉梅女士 獨立非執行董事 廖啟宇先生 （主席） 程益群先生 楊東先生 薪酬委員會 廖啟宇先生 楊東先生 程益群先生 董事委員會 審核委員會 程益群先生 （主席） 王銳先生 楊東先生 提名委員會 羅實先生 （主席） 李曉梅女士 程益群先生 廖啟宇先生 楊東先生 核數師 安永會計師事務所 執業會計師 註冊公眾利益實體核數師 香港鰂魚涌 英皇道979 號 ...

Financial Performance - The group's revenue increased by 24.4% to approximately HKD 67,359,000 for the six months ending September 30, 2025, compared to HKD 54,164,000 for the same period in 2024[9]. - Gross profit rose by 30.1% to approximately HKD 14,938,000, with a gross margin improvement from 21.2% to 22.2%[10]. - The group reported a loss of approximately HKD 1,707,000 for the period, compared to a profit of HKD 1,071,000 in the same period last year[14]. - The company incurred a loss before tax of HKD 303,000, compared to a profit of HKD 1,150,000 in the previous year[52]. - The total comprehensive income for the period was HKD 1,097,000, down from HKD 2,580,000 in the same period last year[52]. - The company reported a net loss of HKD 1,707,000 for the period, compared to a profit of HKD 1,071,000 in the previous year[52]. - The company reported a basic loss per share of approximately HKD 1,707,000 for the period, compared to a profit of HKD 1,071,000 for the same period last year, with a weighted average of 1,323,968,128 shares outstanding[75]. Expenses and Cost Management - Sales and distribution expenses decreased by 22.7% to approximately HKD 7,636,000, attributed to budget control measures[12]. - Administrative expenses fell by 12.6% to approximately HKD 7,708,000, mainly due to reduced employee and professional costs[13]. - The total remuneration paid to directors and key management personnel for the six months ended September 30, 2025, was HKD 1,998,000, down from HKD 2,291,000 in the same period last year[85]. Revenue Segmentation - The sales of beauty and health products surged from approximately HKD 11,365,000 to HKD 56,960,000, significantly contributing to revenue growth[9]. - The fashion accessories platform's sales declined from approximately HKD 42,799,000 to HKD 10,399,000, offsetting some of the gains from the beauty and health segment[9]. - Total revenue for the six months ended September 30, 2025, was HKD 67,359 thousand, with external sales from the fashion accessories segment at HKD 10,399 thousand and from the beauty and health products segment at HKD 56,960 thousand[66]. Cash Flow and Assets - As of September 30, 2025, the company's cash and cash equivalents amounted to approximately HKD 20,280,000, a decrease from approximately HKD 53,346,000 as of March 31, 2025[18]. - The company's cash and bank balances decreased to HKD 20,280,000 from HKD 53,346,000 in the previous period[54]. - The company experienced a decrease in cash and cash equivalents, with a net decrease of HKD (36,201) thousand for the six months ended September 30, 2025, compared to HKD (21,284) thousand in 2024[57]. - As of September 30, 2025, the company had total assets of HKD 178,629,000, slightly down from HKD 178,881,000 as of March 31, 2025[54]. Debt and Liabilities - The company's debt-to-equity ratio as of September 30, 2025, was approximately 9.9%, down from 11.6% as of March 31, 2025[18]. - The company’s total liabilities for the beauty and health products segment were HKD (8,399) thousand, while the fashion accessories segment had total liabilities of HKD (5,835) thousand as of September 30, 2025[66]. - Total liabilities for trade payables decreased to HKD 1,322,000 as of September 30, 2025, from HKD 2,456,000 as of March 31, 2025[81]. Strategic Initiatives - The company plans to optimize marketing strategies and expand physical locations while integrating online channels to enhance customer engagement and loyalty[15]. - The group is focusing on product development and technology to strengthen competitive advantages and align with emerging trends in the beauty and health sectors[17]. - The company aims to explore both horizontal and vertical integration opportunities to enhance operational efficiency and profitability[17]. Shareholder Information - As of September 30, 2025, Chen Long holds 712,791,525 shares, representing 53.84% of the issued share capital of the company[37]. - Global Venture Capital Limited directly holds 125,000,000 shares, accounting for 9.44% of the company's issued shares[40]. - Shenzhen Hexin Gongsheng Investment Partnership holds 125,000,000 shares, also representing 9.44% of the issued shares[40]. - Shenzhen Xinglongtian Technology Co., Ltd. holds 125,000,000 shares, equivalent to 9.44% of the issued shares[40]. Dividends and Share Options - The company did not declare any interim dividends for the six months ending September 30, 2024[19]. - The company did not declare an interim dividend for the six months ending September 30, 2025[75]. - The 2008 Share Option Scheme was adopted to reward participants for their contributions and expired on April 22, 2018, with no unexercised options remaining[43]. - The company has no outstanding options under the 2019 Share Option Scheme, and no shares were granted or exercised during the reporting period[46]. - The 2024 Share Option Scheme allows for the issuance of 110,396,812 shares, but no options were granted or exercised as of the reporting date[50]. Impairment and Receivables - The company recognized a loss of HKD (1,473) thousand for impairment losses on trade receivables and contract assets for the six months ended September 30, 2025, compared to HKD (767) thousand in 2024[70]. - Trade receivables increased to HKD 70,290,000 as of September 30, 2025, up from HKD 53,858,000 as of March 31, 2025, with a net amount of HKD 65,192,000 after provisions[76]. - The aging analysis of trade receivables shows that HKD 32,485,000 is overdue between 91 to 180 days, significantly higher than HKD 11,530,000 in the previous period[77]. - The company has no overdue or impaired other receivables, indicating stable credit quality and expected recoverability of outstanding amounts[79]. - The average credit period granted to customers remains between 30 to 180 days, consistent with the previous period[77]. Government Grants - The company received government grants totaling HKD 1,088 thousand during the six months ended September 30, 2025[69].