Moody Technology Holdings Limited (Stock Code: 1400) released supplemental information regarding its 2024 Annual Results and 2024 Annual Report. The additional details focus on three major areas: the status of its disposal plan, future fundraising efforts, and ongoing cost control measures.

According to the announcement, the Disposal Group, formerly involved in fabric manufacturing, reported no revenue and a net loss of approximately RMB8.6 million for the six months ended 30 June 2025. As at 30 June 2025, its net current liabilities and net liabilities both stood at around RMB273.6 million, including bank borrowings and accrued interest of about RMB193.5 million.

The Company is also planning to proceed with potential share consolidation proposals and is exploring debt financing options. In February 2025 and June 2025, the Company issued two five-year bonds of HK$5.0 million each, with an annual interest rate of 5%. The proceeds have primarily supported operating activities.

In terms of cost containment, the Company’s results for the first six months of 2025 showed that selling and distribution costs dropped to approximately 4.5% of revenue, compared to about 6.8% over the same period in 2024. General and administrative expenses also decreased from around 19.5% of revenue to about 16.2%. These reductions indicate the Company’s continued efforts to enhance efficiency and manage expenses.

Further quarterly updates will be provided if there are notable developments in these areas.