宝联控股中期报告 2026

GEM CHARACTERISTICS OF GEM OF THESTOCK EXCHANGE OF HONG KONGLIMITED (THE “STOCK EXCHANGE”) GEM GEM has been positioned as a market designedto accommodate small and mid-sized companiesto which a higher investment risk may be attachedthan other companies listed on the Stock Exchange.Prospective investors should be aware of the potentialrisks of investing in such companies and shouldmake the decision to invest only after due and carefulconsideration. GEMGEMGEM Given that the companies listed on GEM are generallysmall and mid-sized companies, there is a risk thatsecurities traded on GEM may be more susceptible tohigh market volatility than securities traded on the mainboard of the Stock Exchange and no assurance is giventhat there will be a liquid market in the securities tradedon GEM. Hong Kong Exchanges and Clearing Limited and theStock Exchange take no responsibility for the contents ofthis report, make no representation as to its accuracy orcompleteness and expressly disclaim any liability whatsoeverfor any loss howsoever arising from or in reliance upon thewhole or any part of the contents of this report. GEMGEM This report, for which the directors (the “Directors”) of PPSInternational (Holdings) Limited (the “Company”) collectivelyand individually accept full responsibility, includes particularsgiven in compliance with the Rules Governing the Listing ofSecurities on GEM of the Stock Exchange (the “GEM ListingRules”) for the purpose of giving information with regard tothe Company. The Directors, having made all reasonableenquiries, confirm that to the best of their knowledge andbelief the information contained in this report is accurateand complete in all material respects and not misleadingor deceptive, and there are no other matters the omissionof which would make any statement herein or this reportmisleading. CONTENTS 3Corporate Information5Unaudited Condensed Consolidated Statement ofProfit or Loss and Other Comprehensive Income7Condensed Consolidated Statement ofFinancial Position9Unaudited Condensed Consolidated Statement ofChanges in Equity12Unaudited Condensed Consolidated Statement ofCash Flows13Notes to the Unaudited Condensed ConsolidatedFinancial Statements36Management Discussion and Analysis CORPORATE INFORMATION BOARD OF DIRECTORS Executive Directors Mr. Yu Shaoheng(Chairman and Chief Executive Officer)Mr. Lai Tin Ming Non-Executive Director Ms. Chan Suet Ling Independent Non-Executive Directors Mr. Kwong Tsz Ching, JackMr. Meng EnhaiMr. Ni Fuhua AUTHORISED REPRESENTATIVES Mr. Lai Tin MingMr. Chan Woon Wing COMPLIANCE OFFICER Mr. Yu Shaoheng COMPANY SECRETARYMr. Chan Woon Wing AUDIT COMMITTEE Mr. Kwong Tsz Ching, Jack(Chairman)Mr. Meng EnhaiMr. Ni Fuhua REMUNERATION COMMITTEE Mr. Kwong Tsz Ching, Jack(Chairman)Mr. Meng EnhaiMr. Ni Fuhua NOMINATION COMMITTEE Mr. Kwong Tsz Ching, Jack(Chairman)Mr. Meng EnhaiMr. Ni Fuhua AUDITORS Baker Tilly Hong Kong Limited REGISTERED OFFICE Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Cricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands HEADQUARTER, HEAD OFFICE ANDPRINCIPAL PLACE OF BUSINESS INHONG KONG 38A12A Office A, 12/F, Tower ACapital TowerNo. 38 Wai Yip StreetKowloon Bay, KowloonHong Kong PRINCIPAL SHARE REGISTRAR ANDTRANSFER OFFICE IN CAYMAN ISLANDS Codan Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands Codan Trust Company (Cayman) LimitedCricket Square, Hutchins DriveP.O. Box 2681Grand Cayman, KY1-1111Cayman Islands HONG KONG BRANCH SHARE REGISTRARAND TRANSFER OFFICE 1617 Tricor Investor Services Limited17/F, Far East Finance Centre16 Harcourt RoadHong Kong PRINCIPAL BANKERS Standard Chartered Bank (HK) LimitedNanyang Commercial Bank Limited LEGAL ADVISER Rowdget W. Young & Co. Solicitors 8201 STOCK CODE 8201 http://www.ppsintholdings.com WEBSITE http://www.ppsintholdings.com 4PPS International (Holdings) LimitedInterim Report 2026 UNAUDITED CONDENSEDCONSOLIDATED STATEMENT OFPROFIT OR LOSS AND OTHERCOMPREHENSIVE INCOME For the six months ended 31 December 2025 The board of Directors (the “Board”) is pleased to announcethe unaudited condensed consolidated results of theCompany and its subsidiaries (collectively, the “Group”) forthe six months ended 31 December 2025, together with theunaudited comparative figures for the corresponding periodin 2024 as follows: CONDENSED CONSOLIDATEDSTATEMENT OF FINANCIALPOSITION As at 31 December 2025 UNAUDITED CONDENSEDCONSOLIDATED STATEMENT OFCHANGES IN EQUITY For the six months ended 31 December 2025 Notes: (a)Share premium Under the Companies Law, Chapter 22 of the Cayman Islands,the funds in the share premium account of the Company aredistributable to the shareholders of the Company provided thatimmediately following the date on which the dividend is proposed tobe distributed, the Company will be in a position to pay off its debts