2025 23567910122430 Cricket Square, Hutchins DriveP.O. Box 2681, Grand CaymanKY1-1111, Cayman Islands 18 Suntera (Cayman) LimitedSuite 3204, Unit 2A, Block 3, Building DP.O. Box 1586, Gardenia Court, Camana BayGrand Cayman KY1-1100, Cayman Islands 183171712–16 573 www.taoheung.com.hk 1.2.3.4.5.6.1,014,348,0001,014,348,0007.1,014,348,0001,014,348,000 1. 223CricketSquare,Hutchins Drive, P.O. Box 2681, Grand Cayman KY1-1111, Cayman Islands18 ———— 2. 34 11,178,000195,992,000 3. 21 21 4. 4. (a) (b) 5. 5. 6. 7. *1,070,051,0001,190,547,00054,482,00066,248,00095,657,00096,404,000341,769,000382,647,0001,777,0006,507,000 8. 16.5%16.5%2,000,0002,000,0008.25%8.25%16.5%16.5% 9. 10. 1,014,348,0001,014,348,000 11. 39,052,00014,680,000 26,175,00026,854,00044,910,00045,305,000 18,900,00018,900,000 3090 12. 13. 14. 15. 16. 17. 18. 15%1 1,139,700,0001,285,600,00011.3%65.8%66.9%37,000,0004,000,00040,000,00021,700,000 787,000,000838,100,0006.1%(EBITDA)112,100,000118,300,0005.3%6,400,0005,500,000 $9.9$7/8/9 35TheProject Futurus9IDDSI (Dining City’s Best Restaurants)4343561111 FSSC22000 352,700,000447,400,00021.2%EBITDA22,700,00065,500,00065.3%30,500,0001,500,000 10 2430 (TikTok)(Tmall)(JD.com)(Ping Duo Duo) 1.2%1,852,100,0001,874,500,0002.9%1,120,200,0001,154,200,000 460,500,000520,200,000471,700,000499,300,0000.981.04 206,900,000213,300,00045,500,00055,100,000161,400,000158,200,000 45,500,00055,100,0004.1%4.8% 36,100,00018,800,0001,600,0003,400,000 10,900,00014,700,00044,900,00045,300,00026,200,00026,900,00018,900,00018,900,000 28,200,00031,100,000 3,777 5,790,000 5.3%25% 60 XV352 (a)Billion Era International LimitedTin Tao Investments LimitedTin TaoTin TaoSapphire Skye Holdings LimitedSapphireSapphireZedra Trustees (Singapore) LimitedZedra TrusteeTin TaoZedra Trustee 352 3365% (a)Billion Era International LimitedTin Tao Investments LimitedTin TaoTin TaoSapphire Skye Holdings LimitedSapphireSapphireZedra Trustees (Singapore) LimitedZedra TrusteeTin TaoZedra Trustee (b)Joy Mount Investments Limited (c)Perfect Plan International Limited 336 (a) 20,130,00050%50%2.08 (b) (i)(ii)(iii) C1C.2.1C.2.1C.2.1C.2.1 C3 C1 (www.hkexnews.hk)(www.taoheung.com.hk)