天鸽互动中期报告 2025

INTERIMREPORT2025 Contents目錄 03Corporate Information 06Financial Highlights 07Chairman’s Statement 11Management Discussion and Analysis 25Corporate Governance/Other Information 37Glossary 38Condensed Consolidated Statement of Comprehensive Income/Loss 40Condensed Consolidated Balance Sheet 42Condensed Consolidated Statement of Changes in Equity 44Condensed Consolidated Statement of Cash Flows 46Notes to the Condensed Consolidated Financial Statements Company O verview 關於天鴿 ABOUT TIAN GE 本公司我們天鴿聯交所 Tian Ge Interactive Holdings Limited (the “Company”, “We” or “Tian Ge”)was founded in Hangzhou, China in 2008 with its shares listed on The StockExchange of Hong Kong Limited (the “Stock Exchange”) on July 9, 2014. 本集團 The Company and its subsidiaries (collectively the “Group”) operate anumber of online interactive entertainment platforms. Tian Ge has launcheda series of live streaming mobile applications and has also entered intothe overseas markets, including Indonesia, Middle East, etc. The wideacceptance of live streaming mobile applications allows Tian Ge to capturethe opportunities arising from the growing demand for mobile entertainmentglobally. Tian Ge’s good track record in the domestic live social videobusiness empowers its growth into the overseas markets, and the overseasmarkets are becoming the main growth engine for the Group’s onlineinteractive entertainment business. Corporate Information 董事會 BOARD OF DIRECTORS 執行董事 Executive DirectorsMr. Fu Zhengjun(Chairman)Mr. Mai Shi’en 非執行董事 Non-executive DirectorMs. Cao Fei 獨立非執行董事 Independent Non-executive DirectorsMr. Tse Ming Lun AlanMr. Wang MingchunMr. Lam Yick Man 首席執行官 CHIEF EXECUTIVE OFFICER Mr. Zhao Weiwen 聯席公司秘書 JOINT COMPANY SECRETARIES Ms. Au ChingMs. Chen Xiu 授權代表 AUTHORISED REPRESENTATIVES Mr. Fu ZhengjunMs. Au Ching 審核委員會 AUDIT COMMITTEE Mr. Tse Ming Lun Alan(Chairman)Mr. Wang MingchunMr. Lam Yick Man 薪酬委員會 REMUNERATION COMMITTEE Mr. Wang Mingchun(Chairman)Mr. Lam Yick ManMr. Mai Shi’en 提名委員會 NOMINATION COMMITTEE Mr. Tse Ming Lun Alan(Chairman)Ms. Cao FeiMr. Wang Mingchun Corporate Information ( continued) 註冊辦事處 REGISTERED OFFICE Grand PavilionHibiscus Way802 West Bay RoadP.O. Box 31119KY1-1205Cayman Islands Grand PavilionHibiscus Way802 West Bay RoadP.O. Box 31119KY1-1205Cayman Islands 總部 HEADQUARTERS 13-14/FIntime City Tower EGongshu DistrictHangzhou, PRC E13-14 香港主要營業地點 PRINCIPAL PLACE OF BUSINESS IN HONG KONG 131 31/F, Tower Two, Times Square1 Matheson StreetCauseway BayHong Kong 證券登記總處及過戶代理 PRINCIPAL SHARE REGISTRAR AND TRANSFER AGENT Offshore Incorporations (Cayman) LimitedGrand PavilionHibiscus Way802 West Bay RoadP.O. Box 31119KY1-1205Cayman Islands Offshore Incorporations (Cayman) LimitedGrand PavilionHibiscus Way802 West Bay RoadP.O. Box 31119KY1-1205Cayman Islands 香港股份登記處 HONG KONG SHARE REGISTRAR 11617 Tricor Investor Services Limited117/FFar East Finance Centre16 Harcourt RoadHong Kong Starting from August 1, 2025, the Hong Kong share registrar of the Company was changed to Tricor Investor Services Limited. 法律顧問 LEGAL ADVISERS 1817 Reed Smith Richards Butler LLP17th Floor, One Island EastTaikoo Place18 Westlands RoadQuarry Bay, Hong Kong 核數師 AUDITOR •88135 Deloitte Touche TohmatsuCertified Public AccountantsRegistered Public Interest Entity Auditor35/F One Pacific Place88 QueenswayHong Kong 股份代碼 STOCK CODE 1980 1980 公司網址www.tiange.com COMPANY’S WEBSITE www.tiange.com 主要往來銀行 PRINCIPAL BANKERS China Merchants BankOffshore Banking Department19/F, China Merchants Bank TowerNo. 7088 Shennan BoulevardShenzhen, Guangdong, PRC 708819 1221 China Merchants BankHong Kong Branch21/F, Bank of America Tower12 Harcourt RoadCentral, Hong Kong Financial Highlights 董事董事會報告期審核委員會 The board (the “Board”) of directors (the “Directors”) of the Companyhereby announces the unaudited condensed consolidated results of theGroup for the six months ended June 30, 2025 (the “Reporting Period”).These interim results have been reviewed by the audit committee of theCompany (the “Audit Committee”). 財務摘要 FINANCIAL HIGHLIGHTS Unaudited未經審核Six months ended June 30,截至六月三十日止六個月 Notes: (1)For the six months ended June 30, 2025, share options and RSUs grantedto employee and service provider are considered to be potential ordinaryshares. The computation of diluted (losses)/earnings per share did notassume the exercise of share options and vesting of unvested restrictedshare units since their assumed exercise would result in a decrease in(losses)/earnings per share. Accordingly, diluted losses per share for the sixmonths ended June 30, 2025 was the same as basic losses per share. (1) (2)Adjusted net (loss)/profit was derived from the unaudited net (loss)/profitfor the period, excluding the effect of non-cash share-based compensationexpenses, amortization and impairment of intangible assets arising fromacquisitions, income tax effects and impairment provision of goodwill (non-I