#039;000 1H2025 2H2025 2025 2024 2023 2022 2021 Revenue 6,355,257 7,596,397 13,951,654 10,081,957 9,167,215 10,775,308 15,459,055 Gross Profit 669,466 753,454 1,422,920 955,486 700,746 1,562,962 4,287,162 Gross Profit Margin 10.5% 9.9% 10.2% 9.5% 7.6% 14.5% 27.7% Profit Attr

Slide 4: Financial Performance

Financial Performance Sales by Products (HK$’m) Sales by Geographical Region (HK$’m) Sales by Brand/non-brand (HK$’m) Profit Attributable to Owners of the Net Assets (HK$’m) Net Cash generated from Operating Company (HK$’m) Activities (HK$’m) ## RESTRICTED ##

Slide 5: Sales Performance 2025

Sales Performance 2025  2nd highest revenue year & 3rd highest on profit in record history  Revenue increased vs. same period of last year: 28.5% in 1H2025 and 47.9% in 2H2025  A higher sales volume in 2H2025 offset a decline on ASP but resulted in a lower GPM in 2H2025  RTX5090 has contributed

Slide 6: Sales Quantity of VGA Cards

Sales Quantity of VGA Cards M’Pcs ## RESTRICTED ##

Slide 7: Average Selling Price (ASP) of VGA Cards

Average Selling Price (ASP) of VGA Cards USD 600 476 493 500 457 452 430 423 400 378 383 378 363 287 286 300 263 206 193 196 212 198 187 200 151 100 0 1H2021 2H2021 1H2022 2H2022 1H2023 2H2023 1H2024 2H2024 1H2025 2H2025 OEM Brands 7 ## RESTRICTED ##

Slide 8: Working Capital

Working Capital  Inventories increased by double from HK$842m in FY2024 to HK$1,692m in FY2025, mainly due to: - more GPUs being received in Nov/Dec 2025 - reserve more GPUs & inventories for upcoming supply constraint - longer logistic lead time for Batam manufacturing in compare to PRC  Account

Slide 9: Working Capital Ratios

Working Capital Ratios Days 9 ## RESTRICTED ##

Slide 10: Strong Net Cash Position

Strong Net Cash Position  Maintained a net cash position in the past 5 years  Positive net cash generated from operation in the past 5 years  Banking borrowings consisted of a mortgage for the HK office and majority of the borrowings were financed to procure GPUs from Nvidia  More bank borrowing

Slide 11: Net Cash to Equity Ratio

Net Cash to Equity Ratio % 11 ## RESTRICTED ##

Slide 12: Taxation

Taxation  Beside an increase on operating profits driven up the tax expenses, the Group has incurred additional on:  Hong Kong Inland Revenue Department (HKIRD) disallowed the 50% claim of manufacturing profit to be offshore & non-taxable under a HK subsidiary, the Group has incurred a total of HK

Slide 13: Contingent Liability

Contingent Liability  Reported a US$25m of “China Section 301 Tariff” since FY2023  Engaged professional to conduct a tariff classification analysis and conclude that no tariff should be payable by the Company  Filed a litigation protest with U.S. CBP on 2 July 2024  Pending for U.S. custom auth

Slide 14: Business Outlook 2026

Business Outlook 2026 14 ## RESTRICTED ##

Slide 15: Market Situation 2026

Market Situation 2026  Desktop gaming market is challenging as most of the components are being much more expensive; price of system memory has gone up by more than triple, SSD has also been gone up by more than double, CPU prices have been increased  Graphic memory cost has also been increased ca

Slide 16: NVIDIA Recent Message on Q4 Earnings

NVIDIA Recent Message on Q4 Earnings NVIDIA CFO Colette Kress confirmed that the gaming sector may struggle during the company's latest Q4 earnings call. In a short but very important note, she stated, "Looking ahead, while end demand for our products remains strong and channel inventory levels are

Slide 17: Gaming Graphic Business

Gaming Graphic Business  Gaming graphics business is simply affected by 3 main characteristics: Pricing Allocation Demand 17 ## RESTRICTED ##

Slide 18: Strategy on Own Brand VGA Business 2026

Strategy on Own Brand VGA Business 2026  Price has been increased to compensate the additional cost on graphic memory  Pricing has further been increased to compensate the decline on GPU allocation  Minimise MSRP models (Nvidia’s recommended pricing)  Upsell more premium models to capture a high

Slide 19: Business Outlook of Other Segments 2026

Business Outlook of Other Segments 2026  OEM/ODM VGA Cards is going to be very tough due to both shortage of GPU supply and graphic memory since some OEM/ODM customers have to purchase the memory by themselves; foresee a further decline on OEM/ODM VGA Cards orders (represented 22% of VGA business s

Slide 20: Financial Projection 2026

Financial Projection 2026  Expecting a double digit growth on sales revenue, continue driven by own brand VGA card business  ASP of own brand VGA may potentially go up to US$500 level  Price increase shall drive a higher GPM which can fully offset volume decline impact  Inventory level is estima

Slide 21: Challenges 2026

Challenges 2026  Uncertain on how price increase will affect the consumer demand as a desktop PC is going to be much more expensive than before, may discourage people to upgrade their PC or buy VGA cards  Availability of GPU, and pricing of other key PC components such as system memory and SSD, al

Slide 22: New Business

New Business  Participates in Nvidia Partner Network by delivering AI sever solution  Open up new R&D office in Taiwan to build up engineering capability  Developing servers to obtain Nvidia qualification  Will be an exhibitor at GTC 2026 in San Jose California in March 2026  AI server may have

Slide 23: Q&A

Q&A 23 ## RESTRICTED ##

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