HK TECH VENTURE (01137) has announced its business performance for the year 2025. While the Hong Kong economy shows signs of a gradual recovery, with the total retail sales value projected to increase by 2.4% compared to 2024, certain retail segments continue to face challenges, limiting the pace of the broader market rebound. A significant 12.3% year-on-year rise in outbound travel by Hong Kong residents, coupled with evolving local cross-border consumption patterns, is further reshaping the overall retail landscape. Against this backdrop, the Group's 2025 performance was influenced by prevailing consumer trends and shifts in spending behavior. Nevertheless, the Group continues to expand its solid and growing customer base, reflecting the irreversible structural shift from offline to online consumption. The Group recorded a total order gross merchandise value (GMV) of HK$8.43 billion for 2025 (2024: HK$8.58 billion), representing a slight decrease of 1.7% year-on-year. Specifically, HKTVmall achieved an order GMV of HK$7.98 billion (2024: HK$8.27 billion), a decrease of 3.5% year-on-year. In contrast, the "Fresh Food Same-Day Delivery" service, which focuses on fresh produce, continued to record significant growth throughout the year, with a full-year increase of 47.1%, reaching an order GMV of HK$394 million in 2025 (2024: HK$268 million). Despite the challenging retail environment, the number of unique customers on HKTVmall reached a record high of 1.539 million in 2025 (2024: 1.519 million). Monthly active unique devices on HKTVmall remained stable at approximately 1.6 million as of December 2025, showing no significant fluctuation even during the holiday peak season. This consistent and stable traffic provides a solid foundation for the Group's core HKTVmall business and supports the gradual market adoption of its various new business initiatives.