HERALD HOLD二零二五年年报

2347183037414243454647117118119 Robert DorfmanACGHKACG CPAPhDHon LLD Hon DBASBSOMEdDCA (AUST.)FCPAFCPACPA Clarendon House, 2 Church StreetHamilton HM 11BermudaAppleby Global Corporate Services (Bermuda) LimitedCanon’s Court, 22 Victoria StreetPO Box HM 1179Hamilton HM EXBermudahttp://www.heraldgroup.com.hk 891617 2313110 4|711,000,0001%704,000,00032,900,00014,400,00014,700,0003,000,000408,000,0004%393,000,00017,000,0009,500,000104,000,0006%98,000,0006,500,0001,000,000212,000,000199,000,0007%22,500,00021,800,00014,700,0003,000,0003,500,0002,700,00092,000,00077,000,000 5|181,000,00013,000,000580,000,000233,000,000541,000,000108,000,00077,000,00043,000,00029%27%2.87 827,000,00013,000,000113,000,00098,000,0002.99 812,000,000208,000,00029,000,00039,000,000577,000,000273,000,000596,000,000123,000,000118,000,00092,000,000208,000,000181,000,00080,000,00040,000,0001.801.77 Robert Dorfman 6|3333660.450.4813.3%12.5%18,100,0001617 7| 54626 266,860,00018,135,000 33320,00020,00025(c)3 8|32 7 1 , 2 5 7 , 0 0 0318,135,000 9|Robert DorfmanRobertDORFMAN 70Gershon DorfmanDorfman2047Dorfman41 84(1)Dorfman PhDHon LLD Hon DBASBSOM65EdDCA(AUST.)FCPA 7500753FCPA59 10|81 11|GershonDORFMAN 69Robert DorfmanDorfman74XV(ii)0.01Robert Dorfman(i)64,689,760(ii)39,222,633 3522,727,50051,606,000 40(i)XV78(iii)–103,912,393(i)(ii)106,639,89317.64%––51,606,0008.54% XV3521%(i)(ii) 12|XV781(iii) 13|* 10%56,449,0769.34%1*4,000,000–4,000,0000.970.9756,449,076 XV3360.01(i)–106,639,893(ii)30,281,424–39,222,633(iii)26,213,670–39,322,633(iv)–65,436,303100,000Moral Excel Holdings LtdMEH(v)64,689,760–HSBC International Trustee LtdHIT(v)––64,689,760Sheri Tillman Dorfman(vi)–51,606,000Mirriam Bloch38,722,500–Gershon Dorfman37,325,799–Trina Elaine Dingler(vii)–37,325,799 14|23–106,639,89317.64%69,504,05711.50%65,536,30310.84%65,536,30310.84%–64,689,76010.70%64,689,76010.70%–51,606,0008.54%–38,722,5006.41%–37,325,7996.17%–37,325,7996.17% 15|(i)(ii)(iii)(iv)(v)MEHHIT64,689,760(vi)Sheri Tillman Dorfman(vii)Gershon Dorfman164 106,639,89339,222,63339,222,633MEH64,689,760Robert DorfmanRobert Dorfman336 100,000 Robert Dorfman2,020323124(a) 16|13.51B11171221262,774 17|Robert Dorfman 18| ••• 19|••••(A)1.2.3.4.(B)5.6.7.8. C2 heraldhk@ heraldgroup.com.hk 27,582.37,209.63.22.8309.0236.00.1290.09312.59.80.0050.004331.3362.20.1390.1435%15% 20| 21|••••••••5% 13,295,35012,641,8205,5684,976150,639189,687631,5751,2120.6600.477 3031454530314545 22|1,4541,3116541,4916202,765–51.37%41.25%58.85%43.47%26.13%46.57% 23|••••3 1623 100%100%100%100%100% 24|24918960 25|20,000 AA1(a)(b)A1.1A1.212A1.3A1.4A1.5A1.6A2A2.1A2.2A2.3A2.4A2.5 27|A3A3.1A4A4.1BB1(a)(b)B1.1B1.2B2(a)(b)B2.1B2.2B2.3 29|B6.1B6.2B6.3B6.4B6.5B7(a)(b)B7.1B7.2B7.3B8B8.1B8.2 30|C1C3Robert Dorfman3.103.13 31|Robert DorfmanRobertDorfman 9114/41/11/14/43/31/12/41/11/14/43/31/11/13/43/33/31/10/14/43/31/11/11/12/31/21/20/11/1 Robert DorfmanAB(2) 32|C.1.4ABABABABABABAB(1)(3)(4)(1)(2) 33|1.2.3.4.5. RobertDorfman17%22 (b)(c)(d)(e)688,000 34|(a)3,0804713,551310,0003740 35| 1.2.3.4.5.6.1.2.3.1.2.3. 36|119120 37| 41116 16 1(j)•••••• 38| 39|• 90 •••••P07071 40| 41|47116 42|33,298(14,783)26(11,663)26(11,663)33,324(26,446)32,926(25,774)398(672)33,324(26,446) 43| 44|618,861631,7269756,53625,03230,3602,8141,84428,82138,740590,040592,98647,15047,150529,877533,221577,027580,37113,01312,615590,040592,986 45|47,15025(b)25(b)47,15025(b)25(b)24(b)47,15047116 46|75,835118,318(599)(4,496)(674)(1,286)(1,273)(5,782)74,562112,536(3,275)(1,518)–(15,600)1,190984215,6004,7362,0693,4742,650(3,489)(2,660)2,6381,525–(10,000)(3,919)(6,210)(196)(662)–(453)(36,270)(36,270)(40,385)(53,595)36,81560,466229,188170,330102(1,608)266,105229,188 47|1(a)(b) 21(g)1(e)1(e) 1(b)(c) 1(e) 48|311(l)(ii) 49|1(d)(i)(ii)(ii)(i)(e) 1(l)(ii)26(f)1(s)(ii) 1(e)1(s)(iii)(f) 16 50|1(l)(ii)1(i)1(i)80AA 51|1(f)(g)(h) 9 – 30%20 – 50%10 – 25%1(i)1(s)(iv)1(l)(ii)24 1(i)(i) 52|121(f)1(l)(ii)1(g) 53|1(i)(i)(ii)(j)(k) 1(l)(i) 1(s)(iv) 1(l)(i)12 54|1212 55|1(l)(i) 90 (i)(ii) 1(l)(i)1(s)(ii)(ii) 56| 57|1(l)(ii)(iii) 1(l)(i)(ii) 34 1(m)(n)(i)(ii)(o)(p)(i)(ii) 58|1(u)1(s)1(k)1(l)(i) 59|1(p)(iii)(iv)(q) 1(q) 60|1(g) 61|1(r)(i)(ii) 1(l)(i) 1(s)(i)(ii)(iii)(iv)(v) 62|1(l)(i) 63|1(t)(u)(v)(1)(i)(ii)(iii) 1(v)(2)(i)(ii)(iii)(iv)(v)(vi)(vii)(viii)(w) 64|(1)(1)(i) 65|2•••315121 274,285,000 11167715393,155407,94398,111104,235212,438199,159703,704711,33710(c)10%290,300,00026(a)10 66|5,0904,9484,7362,0693,4742,6501,0414,86235368414,69415,21314,668(3,039)6375,826(500)(2,476)393604181(98)1013915,480856 67|5(a)(b)#(c)###5(b) 16(b) 19(c)1223,000 6(a)2,000,000100%3,000 68|16.5%16.5%8.25%16.5%1,500 69|6(b)(c)OECDOECD 15% 7Robert DorfmanRobert Dorfman 383(1)2–3,985938342–4,152882321–2,210630196360–––360–––360–––185–––1,26510,3472,450859–4,6071,173402–4,7241,102378–1,061–98–1,306735105360–––360–––360–––192–––1,27211,6983,010983 71|83,500,0014,000,0014,500,0015,000,0016,000,0019(a