万华媒体二零二五/二六年中期报告

6 18,42216,662(17,882)(15,670) —— (12,449)(11,769) 11(3.11)(2.94) —— 1 Windward 3, Regatta Office Park, P.O. Box 1350, KY1-1108, Grand Cayman, Cayman Islands 2410 2 34 3 (a) (b) 4 5 5.1 5.2 150,000,000150,000,000108,000,00098,000,00042,000,00052,000,000 5.3 ——— 5 5.3 6 8 6 —— 6 7 21(a) 8 9 10 16.5%16.5% — 11 12 14 14 (a) Searching Bwww.searchingb.com Searching B 18 21(c) 150,000,000150,000,000108,000,00098,000,00042,000,00052,000,000 108,000,00098,000,0001.4% 21 (1)(2)(3)(4)(5)(6)(7)(8)Searching B 21 (b)21(a) (c) 22 3.1%3.0% 16,662,00010.6%18,422,00012,449,00011,769,0005.8% 12,594,00010,685,00017.9%8,995,0009,430,0004.6% MingPao WeeklyMING’S (KOL) 5,828,0005,977,0002.5%1,077,00036,000 TopGearMING Watch (AI)AI AI AIAI 12,000,00012,000,0004.4%4.4%17166,120,0004,380,00015.6%11.6% 12,000,0001,041,00012,000,0001,768,000 AI 65,000 17,743,00020,429,00086,056,00075,332,00028,562,00028,948,000108,000,00098,000,000319%299% XV352C3 (a) (b) XV352 18 XV23 3365% Comwell Investment LimitedComwellInvestment Limited66.12%17.47% 5% 9391 C1 C3