HK TECH VENTURE announced its unaudited operational data for November 2024, indicating that its Hong Kong electronic commerce Business is facing challenges. The local market's continued economic weakness, a significant increase in outbound travel, and a lack of large promotional activities led to a decrease in customer activity on HKTVmall. The average daily total Commodity transaction value for orders in November was HKD 22.9 million, a slight decrease of 1.3% from the previous month and a year-on-year decline of 6.5%; the monthly total Commodity transaction value for orders was HKD 0.687 billion, down 4.5% from the previous month and a year-on-year decline of 6.7%.The number of independent customers was approximately 0.591 million, a decrease from 0.606 million last month and 0.625 million in the...Show More

HK TECH VENTURE announced its unaudited operational data for November 2024, indicating that its Hong Kong electronic commerce Business is facing challenges. The local market's continued economic weakness, a significant increase in outbound travel, and a lack of large promotional activities led to a decrease in customer activity on HKTVmall. The average daily total Commodity transaction value for orders in November was HKD 22.9 million, a slight decrease of 1.3% from the previous month and a year-on-year decline of 6.5%; the monthly total Commodity transaction value for orders was HKD 0.687 billion, down 4.5% from the previous month and a year-on-year decline of 6.7%.The number of independent customers was approximately 0.591 million, a decrease from 0.606 million last month and 0.625 million in the same period last year. The number of active HKTVmall application users was about 1.59 million, down from 1.67 million last month and 1.774 million in the same period last year. The average order value was HKD 503, an increase from HKD 477 last month and HKD 479 in the same period last year, growing by 5.5% and 5.0%, respectively.The Board of Directors reminds Shareholders and investors that this data is unaudited and may differ from the company's official financial statements. At the same time, the company has updated the components of its Hong Kong electronic commerce Business and the new exploration and Technology Business to better reflect the performance of the divisions. The Hong Kong electronic commerce Business now includes the online shopping platform and offline operations of HKTVmall, including third-party Logistics services and ThePlace; the new exploration and Technology Business mainly includes same-day market groceries, Everuts, automated retail stores and systems, and life sciences projects.