永义国际2024/25 中期业绩报告

Contents 2Corporate Information5Management Discussion and Analysis24Disclosure of Interests29Share Option Scheme32Corporate Governance and Other Information36Condensed Consolidated Statement of Profit or Loss and Other Comprehensive Income39Condensed Consolidated Statement of Financial Position41Condensed Consolidated Statement of Changes in Equity43Condensed Consolidated Statement of Cash Flows45Notes to the Condensed Consolidated Financial Statements Easyknit International Holdings Limited2024/25 Interim Report Corporate Information BOARD OF DIRECTORS Executive Directors Ms. Koon Ho Yan Candy(President and Chief Executive Officer)Ms. Lui Yuk Chu(Vice President) Independent Non-executive Directors Mr. Tsui Chun KongMr. Jong Koon SangMr. Lau Chak Hang Charles AUDIT COMMITTEE Mr. Tsui Chun Kong(Chairman)Mr. Jong Koon SangMr. Lau Chak Hang Charles REMUNERATION COMMITTEE Mr. Jong Koon Sang(Chairman)Mr. Tsui Chun KongMr. Lau Chak Hang Charles NOMINATION COMMITTEE Mr. Lau Chak Hang Charles(Chairman)Mr. Tsui Chun KongMr. Jong Koon Sang EXECUTIVE COMMITTEE Ms. Koon Ho Yan Candy(Chairman)Ms. Lui Yuk Chu COMPANY SECRETARY Mr. Lee Po Wing 2024/25Corporate Information(continued) AUDITOR 8835 Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor35/F, One Pacific Place88 QueenswayHong Kong LEGAL ADVISERS David Norman & Co. As to Hong Kong law:David Norman & Co. As to Bermuda law:Conyers Dill & Pearman PRINCIPAL BANKERS Hang Seng Bank Limited REGISTERED OFFICE Clarendon House2 Church StreetHamilton HM 11Bermuda Clarendon House2 Church StreetHamilton HM 11Bermuda PRINCIPAL PLACE OF BUSINESS 481–48367A Block A, 7th FloorHong Kong Spinners Building, Phase 6481–483 Castle Peak RoadCheung Sha Wan, KowloonHong Kong Easyknit International Holdings Limited2024/25 Interim ReportCorporate Information(continued) BERMUDA PRINCIPAL SHAREREGISTRAR AND TRANSFER OFFICE MUFG Fund Services (Bermuda) Limited4th Floor North Cedar House41 Cedar AvenueHamilton HM 12Bermuda MUFG Fund Services (Bermuda) Limited4th Floor North Cedar House41 Cedar AvenueHamilton HM 12Bermuda HONG KONG BRANCH SHAREREGISTRAR AND TRANSFER OFFICE 1617 Tricor Secretaries Limited17/F, Far East Finance Centre16 Harcourt Road, Hong Kong STOCK CODE 12181218 WEBSITE ADDRESS www.easyknit.com www.easyknit.com Management Discussion and Analysis T h eb o a rd of d i r e c to r s(t h e“B o a r d”o r t h e“Directors”)of Easyknit International HoldingsLimited(the“Company”)is pleased to presenttheunaudited condensed consolidated results ofthe Company and its subsidiaries (collectively the“Group”) for the six months ended 30 September2024 (the “Period”). 2024930 OVERVIEW TheGroup was principally engaged in propertydevelopment,property investment,investment insecurities and others and loan financing businessesw h i c hp r o p e r t y d e v e l o p m e n t a n d p r o p e r t yinvestment are the core businesses of the Group. FINANCIAL RESULTS 229,885,0002023114,868,000115,017,0002.6%202329.7%202315,256,000 F o rt h e P e r i o d ,t h e G r o u p’s r e v e n u e f r o mcontinuingoperations amounted to approximatelyHK$229,885,000as compa re d with the 2023P e r i o do f a p p r o x i m a t e l y H K $ 114 , 8 6 8 , 0 0 0(Restated),which represented an increase ofapproximatelyHK$115,017,000 mainly caused bytheincrease in sales of properties.The Period’sg ro s sp rof i t m a rg i n wa s a p p rox i m ate l y 2.6%(2023Period:approximately 29.7%).The Group’srevenue from discontinued operation amounted toHK$nil for the Period (2023 Period: HK$15,256,000(Restated)). Easyknit International Holdings Limited2024/25 Interim Report Management Discussion and Analysis(continued) 709,482,000202370,544,000(i)(ii)(iii)(iv)(v)(i)(ii)24,334,000202337,784,000733,816,000202332,760,000 For the Period, the Group’s consolidated loss attributableto owners of the Company (the “Shareholders”) wasapproximately HK$709,482,000 as compared withthe 2023 Period of approximately HK$70,544,000.The increase in net loss was primarily attributable to,among other things, (i) the loss on deemed disposalof subsidiaries; (ii) write-down on properties held fordevelopment for sale, net; (iii) write-down on propertiesheld for sale; (iv) net loss on changes in fair value offinancial assets at fair value through profit or loss; and(v) share of results of an associate, which were partiallyoffset by (i) gain on modification of terms of convertiblenote; and (ii) gain on bargain purchase at date of deemedacquisition of an associate. The consolidated profit fromcontinuing operations for the Period attributable to theShareholders was approximately HK$24,334,000 ascompared with the 2023 Period a loss of approximatelyHK$37,784,000 (Restated). The consolidated loss fromdiscontinued operation for the Period attributable to theShareholders was approximately HK$733,816,000, ascompared with a loss of approximately HK$32,760,000(Restated) for the 2