庄皇集团公司2025年中期报告

SANBASECORPORATIONLIMITED (Incorporated in the Cayman Islands with limited liability) Stock code股份代號：8501 中 期 報 告INTERIM REPORT2025 GEM CHARACTERISTICS OF GEM OF THESTOCK EXCHANGE OF HONG KONGLIMITED (THE “STOCK EXCHANGE”) GEM GEMhas been positioned as a market designed toa c c o m m o d a t es m a l l a n d m i d - s i z e d c o m p a n i e s t ow h i c ha h i g h e r i n v e s t m e n t r i s k m a y b e a t t a c h e dthanother companies listed on the Stock Exchange.Prospectiveinvestors should be aware of the potentialr i s k so f i n v e s t i n g i n s u c h c o m p a n i e s a n d s h o u l dmakethe decision to invest only after due and carefulconsideration. Giventhat the companies listed on GEM are generallysmalland mid-sized companies,there is a risk thatsecuritiestraded on GEM may be more susceptible tohigh market volatility than securities traded on the MainBoard and no assurance is given that there will be a liquidmarket in the securities traded on GEM. GEMGEMGEM HongKong Exchanges and Clearing Limited and the StockExchangetake no responsibility for the contents of thisinterimreport,make no representation as to its accuracy orcompleteness and expressly disclaim any liability whatsoever forany loss howsoever arising from or in reliance upon the wholeor any part of the contents of this interim report. This interim report, for which the directors (the “Directors”) ofSanbase Corporation Limited (the “Company”) collectively andindividually accept full responsibility, includes particulars givenin compliance with the Rules Governing the Listing of Securitieson GEM of the Stock Exchange (the “GEM Listing Rules”) forthe purpose of giving information with regard to the Company.TheDirectors,having made all reasonable enquiries,confirmthat to the best of their knowledge and belief the informationcontained in this interim report is accurate and complete in allmaterial respects and not misleading or deceptive, and thereare no other matters the omission of which would make anystatement herein or this interim report misleading. GEMGEM Contents Page CORPORATE INFORMATION BOARD OF DIRECTORSExecutive DirectorsMr. Wong Sai Chuen(Chairman and Chief Executive Officer)Ms. Hui Man Yee, Maggie Independent Non-executive Directors Mr. Cheung Chi Man, DennisMr. Law Chun YatMr. Siu Chi Wai AUDIT COMMITTEE Mr. Cheung Chi Man, Dennis(Chairman)Mr. Law Chun YatMr. Siu Chi Wai REMUNERATION COMMITTEE Mr. Cheung Chi Man, Dennis(Chairman)Mr. Law Chun YatMr. Siu Chi Wai NOMINATION COMMITTEE Mr. Wong Sai Chuen(Chairman)Ms. Hui Man Yee, MaggieMr. Cheung Chi Man, DennisMr. Law Chun YatMr. Siu Chi Wai COMPLIANCE OFFICERMr. Wong Sai Chuen COMPANY SECRETARYMs. Cheng Faye AUTHORISED REPRESENTATIVESMr. Wong Sai ChuenMs. Hui Man Yee, Maggie AUDITOR 7288 Baker Tilly Hong Kong LimitedCertified Public AccountantsRegistered Public Interest Entity AuditorLevel 8, 728 King’s RoadQuarry BayHong Kong CORPORATE INFORMATION 2LL Tower 7 LEGAL ADVISER KJ Tan & Co7/F, LL Tower2 Shelley StreetHong Kong 1818 PRINCIPAL BANKERS The Hongkong and Shanghai Banking Corporation Limited8/F, Lower Block, Grand Millennium Plaza181 Queen’s Road CentralHong Kong 1 Bank of China (Hong Kong) Limited1 Garden RoadHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church Street, P.O. Box 10240Grand Cayman KY1-1002Cayman Islands Harneys Fiduciary (Cayman) Limited4th Floor, Harbour Place103 South Church Street, P.O. Box 10240Grand Cayman KY1-1002Cayman Islands HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL PLACE OF BUSINESS ANDHEADQUARTERS IN HONG KONG 267–27516 16/F, Loon Kee Building267-275 Des Voeux Road CentralHong Kong CORPORATE INFORMATION REGISTERED OFFICE IN THE CAYMANISLANDS 4th Floor, Harbour Place103 South Church Street, P.O. Box 10240Grand Cayman KY1-1002Cayman Islands 4th Floor, Harbour Place103 South Church Street, P.O. Box 10240Grand Cayman KY1-1002Cayman Islands STOCK CODE8501 www.sclhk.com WEBSITEwww.sclhk.com CHAIRMAN’S STATEMENT Dear Shareholders, 20259 30 On behalf of the board (the “Board”) of Directors of SanbaseC o r p o r a t i o nL i m i t e d( “S a n b a s e C o r p o r a t i o n”o r t h e“Company”)and its subsidiaries(collectively the“Group”),Ihereby present the unaudited condensed consolidated resultsof the Group for the six months ended 30 September 2025 (the“Period”). 2025913.4% During this Period, the challenging market conditions continuedtoaffect our operations.The ongoing high vacancy rates incommercialproperties have resulted in subdued demand forfit-out services. According to a market report from Jones LangLaSalle(“JLL”),the overall vacancy rate for Grade A officebuildingsin Hong Kong remains at 13.4%as of September2025, creating a tough environment for our industry. 19.9%1.7594.1%40 Whilethe total numb