Honma Golf Limited 6858 8.5% 8.1% 85.5% 83.6% 32.0% 12.5% 2.3 64.6% 1.9% 10% 4.6% 56.1% 21.4% 1
0.8 26.2% 6,242.2 56.4 23.7% 7.8% 4,707.4 42.5 8.2% 6,807.0 19.5% 1,934.8 48.0% 3.23 1,967.2 50% 2
HONMA HONMA 50 BeZeal 535 BeZeal 21.8% BERES BeZeal 3,391.2 25.0% 4,240.3 201 376 83.6% 1,167.9 3
499.6 32.0% 659.4 383 393 (sogo shosha) 63 120 8001 ERP ERP 121 HONMA 242 8.5% 263 7.9% 4
BERES TOUR WORLD BeZeal 1 2 3 4 5 6 7 8 9 BERES 2 2 TOUR WORLD 6 BeZeal 5 5 6 HONMA 5
(1) (a) (b) 84 HONMA... 37 5 32... 50 7 9 48... 4 4... 91 7 14 84 6
3,178 (a) (b) 1,424 Golf 5 Xebio 163,000 291 24 30 HONMA 7
881 5,281.9 80.3 7.1 28.5 44.7 HONMA HONMA HONMA 8
HONMA Facebook Instagram Twitter TEAM HONMA HONMA HONMA TOUR WORLD BeZeal HONMA 2 5 6 TOUR WORLD 9
5 6 (i) (ii) (iii) (iv) 526.0 350.6 (i) BERES06 BERES 2 (ii) BeZeal535 BeZeal 5 10
ERP 121 1,500,000 2,500,000 10.8% 0.6% 24% 19% 11
(Tiger Effects) (Valsper Championship) 190% Golf Datatech 12
% % %... 26,296,159 100.0 24,242,435 100.0 8.5... (10,318,713) (39.2) (9,694,062) (40.0) 6.4... 15,977,446 60.8 14,548,373 60.0 9.8... 50,005 0.2 1,178,475 4.9 (95.8)... (8,410,223) (32.0) (8,511,354) (35.1) (1.2)... (1,522,235) (5.8) (1,581,675) (6.5) (3.8)... (837,672) (3.2) (89,993) (0.4) 830.8... (21,872) (0.1) (22,225) (0.1) (1.6)... 138,816 0.5 42,204 0.2 228.9... 5,374,265 20.4 5,563,805 23.0 (3.4)... (1,441,054) (5.5) (611,136) (2.5) 135.8... 3,933,211 14.9 4,952,669 20.4 (20.6)... 6.46 8.47 (23.7) SG&A (1)... (9,859,227) (37.5) (9,635,334) (39.7) 2.3 (2)... 6,242,193 23.7 4,946,318 20.4 26.2 (3)... 4,707,416 17.9 4,365,611 18.0 7.8 (1) (a) (b) (i) (ii) SG&A SG&A (a) (b) SG&A 13
(2) (i) (ii) (iii) (iv) (3) (i) (ii) (iii) (iv) (v) 24,242.4 8.5% 26,296.2 7.9% 14
HONMA (1) % % % %... 21,117,356 80.3 20,185,807 83.3 4.6 4.2... 1,148,410 4.4 735,762 3.0 56.1 54.8 (2)... 4,030,392 15.3 3,320,866 13.7 21.4 19.9... 26,296,159 100.0 24,242,435 100.0 8.5 7.9 (1) (2) 20,185.8 4.6% 21,117.4 4.2% BeZeal 735.8 56.1% 1,148.4 54.8% 15
3,320.9 21.4% 4,030.4 19.9% 50 (1) % % % %... 13,640,542 51.9 12,950,336 53.4 5.3% 5.3%... 4,240,280 16.1 3,391,232 14.0 25.0% 25.0%... 4,598,348 17.5 4,451,910 18.4 3.3% 1.0%... 1,167,873 4.4 636,080 2.6 83.6% 86.5%... 659,370 2.5 499,592 2.1 32.0% 23.6%... 1,989,746 7.6 2,313,285 9.5 (14.0)% (14.3)%... 26,296,159 100 24,242,435 100.0 8.5% 7.9% (1) 85.5% 16
12,950.3 5.3% 13,640.5 15.9% 3,391.2 25.0% 4,240.3 25.0% BERES BeZeal 3,143.4 8.0% 3,396.3 8.1% 3.3% 1.0% 636.1 83.6% 1,167.9 86.5% 499.6 32.0% 659.4 23.6% 17
HONMA (a) (b) (1) % % % %... 9,315,368 35.4 9,145,251 37.7 1.9% 0.9%... 16,980,791 64.6 15,097,184 62.3 12.5% 12.2%... 26,296,159 100.0 24,242,435 100.0 8.5% 7.9% (1) 15,097.2 12.5% 16,980.8 9,145.3 1.9% 9,315.4 10% 18
9,694.1 6.4% 10,318.7 % %... 5,167,520 50.1 4,843,565 50.0... 1,629,278 15.8 1,509,481 15.6 (1)... 688,973 6.7 500,288 5.1... 2,832,942 27.4 2,840,728 29.3... 10,318,713 100.0 9,694,062 100.0 (1) 14,548.4 9.8% 15,977.5 60.0% 60.8% 19
% %... 13,305,564 63.0 13,152,107 65.2... 558,551 48.6 378,136 51.4 (1)... 2,113,331 52.4 1,018,130 30.7... 15,977,446 60.8 14,548,373 60.0 (1) 13,152.1 1.2% 13,305.6 65.2% 63.0% 5 6 378.1 47.7% 558.6 51.4% 48.6% 1,018.1 107.6% 2,113.3 30.7% 52.4% 20
1,178.5 50.0 8,511.4 1.2% 8,410.2 35.1% 32.0% % %... 3,185,319 37.9 3,248,991 38.2... 2,489,651 29.6 2,473,951 29.1... 1,387,291 16.5 1,433,347 16.8 (1)... 1,347,962 16.0 1,355,065 15.9... 8,410,223 100.0 8,511,354 100.0 (1) 1,581.7 3.8% 1,522.2 21
90.0 830.8% 837.7 524.2 22.2 1.6% 21.9 42.2 228.9% 138.8 5,563.8 3.4% 5,374.3 611.1 135.8% 1,441.1 11.0% 26.8% 4,952.7 20.6% 3,933.2 20.4% 14.9% 22
SG&A SG&A SG&A SG&A (a) (b) (i) (ii) SG&A SG&A (a) (b)... 8,410,223 8,511,354... 1,522,235 1,581,675... (243,000)... (73,231) (214,695) SG&A... 9,859,227 9,635,334 23
(i) (ii) (iii) (iv)... 5,374,265 5,563,805... (50,005) (1,178,475)... 837,672 89,993... 243,000... 80,261 227,995... 6,242,193 4,946,318 (i) (ii) (iii) (iv) (v) (i) (ii)... 3,933,211 4,952,669... (50,005) (1,178,475)... 837,672 89,993... 243,000... 80,261 227,995... (93,723) 30,429... 4,707,416 4,365,611 24
(1)... 232 258 (2)... 96 65 (3)... 30 39 (1) 365 (2) 365 (3) 365 Sakarta... 2,776,492 962,601... 818,854 1,173,860... 3,628,450 4,508,865... (416,801) (352,428)... 6,806,995 6,292,898 25
1... 3,713,065 3,572,854 1 2... 1,608,077 1,287,782 2 3... 888,229 698,430 3 4... 236,740 355,957 4... 360,884 377,875... 6,806,995 6,292,898 18 24 14,147.3 26
2,500 0.33% 0.50% (i) (ii) 1.1% 8.9% 391.9 Sakarta 27
16,798.4 (1) (%) (%) (%)... 29.4 4,939 29.4... 15.1 2,536 13.2 1.9... 15.1 2,536 11.7 3.4... 13.0 2,184 5.1 7.9... 17.3 2,906 17.1 0.2.. 10.1 1,697 3.8 6.3... 100.0 16,798 50.9 49.1 (1) 28
8,247.8 3.23 1,967.2 50% 1.00 110.7 29
4 26,296,159 24,242,435 8 (10,318,713) (9,694,062) 15,977,446 14,548,373 4 50,005 1,178,475 (8,410,223) (8,511,354) (1,522,235) (1,581,675) 5 (837,672) (89,993) 6 (21,872) (22,225) 7 138,816 42,204 5,374,265 5,563,805 9 (1,441,054) (611,136) 3,933,211 4,952,669 3,934,291 4,569,948 (1,080) 382,721 3,933,211 4,952,669 11 6.46 8.47 30
3,933,211 4,952,669 (234) 4,083 72 (1,260) (162) 2,823 (4,418) (88,531) (4,580) (85,708) 129,214 122,581 (38,488) 36,548 90,726 159,129 90,726 159,129 86,146 73,421 4,019,357 5,026,090 4,020,437 4,643,369 (1,080) 382,721 4,019,357 5,026,090 31
12 1,918,773 2,015,445 13 1,940,789 1,940,789 406,722 342,212 651,954 724,432 920,242 1,356,814 5,838,480 6,379,692 14 6,806,995 6,292,898 15 8,790,023 5,097,647 602,740 443,543 7,851 7,508 16 14,147,319 12,712,506 30,354,928 24,554,102 17 997,546 699,601 1,737,833 1,361,176 18 2,500,000 291,287 6,656 7,803 1,121,239 627,995 6,363,274 2,987,862 23,991,654 21,566,240 29,830,134 27,945,932 32
19 1,275,525 1,656,540 489,218 476,596 60,478 83,518 1,825,221 2,216,654 28,004,913 25,729,278 20 154 154 28,049,880 25,773,165 28,050,034 25,773,319 (45,121) (44,041) 28,004,913 25,729,278 33
5,374,265 5,563,805 12 33,907 8 64,373 (75,871) 53,909 88 8 72,622 5,951 12 280,873 311,305 84,004 55,687 19 99,183 (119,326) 21 80,261 227,995 538,810 (936,231) 6 21,872 22,225 7 (138,816) (42,204) 6,531,356 5,047,331 (578,470) 1,172,303 (3,746,285) (1,521,090) (159,197) 226,489 (343) 12,729 75,566 (39,374) 297,945 (682,606) 312,788 115,538 (1,147) (1,801) 34
(23,040) (24,197) (349,813) (78,660) (1,171) (121,772) 121,676 2,358,189 4,226,566 135,494 38,524 (21,872) (22,225) (227,451) (251,126) (309,581) (272,656) 1,934,779 3,719,083 (391,944) (635,156) 51,350 14,543 775,055 (340,594) 154,442 35
24,588,216 3,500,000 879,440 17,476,557 (678,234) (22,379,503) (4,943,582) (8,105,019) (1,823,983) (1,995,000) 384,730 6,134,162 1,978,915 10,007,687 12,712,506 1,825,809 (544,102) 879,010 14,147,319 12,712,506 14,147,319 12,712,506 36
1. Maples Corporate Services Limited P.O. Box 309, Ugland House, Grand Cayman KY1-1104, Cayman Islands Kouunn Holdings Limited 2.1 (a) (b) (c) 37
(i) (ii) (iii) (i) (ii) (iii) 2.2 7 12 12 12 7 22 2.3 38
2 1 4 9 4 1 9 1 9 2 10 28 4 15 1 15 15 1 16 2 17 3 19 2 28 2 40 1 22 1 23 2 1 28 1 3 11 12 23 2 1 2 3 4 9 15 9 39 9 9 9 39
(a) 9 (b) 9 9 15 15 15 15 15 16 17 4 15 27 40 40
16 17 17 17 16 16 16 1,197,460,000 16 3. 41
(a) 13,640,542 12,950,336 4,240,280 3,391,232 4,598,348 4,451,910 1,167,873 636,080 659,370 499,592 1,989,746 2,313,285 26,296,159 24,242,435 (b) 3,839,628 4,077,323 378,738 220,100 43,744 611 4,174 412 4,266,284 4,298,446 7,189,237,000 3,029,982,000 42
4. 26,154,517 24,074,663 141,642 167,772 26,296,159 24,242,435 1,023,788 12,363 11,512 50,005 130,812 50,005 1,178,475 43
5. 220,763 48,529 12 33,907 72,622 5,951 524,236 20,051 1,606 837,672 89,993 6. 21,872 22,225 7. 3,322 3,680 135,494 38,524 138,816 42,204 44
8. 10,263,620 9,640,557 55,093 53,505 12 280,873 311,305 84,004 55,687 350,619 526,047 12 33,907 15 53,909 88 1,239,790 1,328,682 79,784 97,682 4,088,596 4,097,550 275,073 197,514 19 99,183 (119,326) 99,183 162,060 (281,386) 738,738 788,480 21 80,261 227,995 4/5 524,236 (1,023,788) 64,373 (75,871) 5 72,622 5,951 9. 45
16.5% 16.5% 30.86%30.86% 25%25% 300,000 300,000 12%12% 17% 20%17% 20% 30.75% 34% 8.28% 8.28% 8.5% 8.5% 2% 5% 2% 5% (a) 140,373 378,727 696,487 464,581 193,416 105,000 410,778 (337,172) 1,441,054 611,136 46
% % 5,374,265 5,563,805 30.86% 30.86% 1,658,498 30.86 1,716,990 30.86 (440,394) (8.19) 17,497 0.31 37,178 0.69 44,085 0.79 (35,665) (0.66) (364,048) (6.54) 154,610 2.88 169,479 3.05 66,827 1.24 (972,867) (17.49) 1,441,054 26.82 611,136 10.98 10. 3.23 3.00 1,967,232 1,827,150 1,823,983 1,995,000 1,823,983,000 47
11. 3,934,291 4,569,948 609,050 539,668 48
12. 6,709,694 1,908,470 1,437,309 52,304 1,300,560 1,920 11,410,257 12,338 43,087 10,279 64,883 148,051 278,638 66,893 1,617 1,165 47,533 (117,208) (270,537) (234) (75,936) (21,595) (26,990) (395,292) (161) (1,240) (41) (941) (139) (2,522) 6,506,050 1,922,030 1,404,385 62,542 1,390,440 5,634 11,291,081 5,517,587 1,458,523 779,134 44,514 1,016,567 8,816,325 93,828 68,283 14,504 3,327 100,931 280,873 (156,761) (127) (54,460) (16,216) (227,564) (34) (2,551) (3) (788) (3,376) 5,454,654 1,526,645 736,627 47,838 1,100,494 8,866,258 155,157 1,868 316,717 198 104,547 578,487 (68,843) (1,215) (2,379) (72,437) 86,314 1,868 315,502 198 102,168 506,050 965,082 393,517 352,256 14,506 187,778 5,634 1,918,773 49
7,227,356 1,835,198 1,473,379 56,590 1,275,251 7,700 11,875,474 820 52,969 78,549 540 47,370 188,758 369,006 76,400 53,124 65,014 (194,538) (594,882) (31,497) (105,356) (4,505) (85,215) (821,455) (1,324) (9,263) (321) (1,860) (12,768) 6,709,694 1,908,470 1,437,309 52,304 1,300,560 1,920 11,410,257 5,947,327 1,413,060 821,979 42,132 985,358 9,209,856 98,284 68,141 44,766 7,209 92,905 311,305 (528,024) (21,955) (81,136) (4,505) (60,332) (695,952) (723) (6,475) (322) (1,364) (8,884) 5,517,587 1,458,523 779,134 44,514 1,016,567 8,816,325 222,019 1,868 307,202 176 118,875 650,140 27,491 22 6,394 33,907 (66,862) (17,976) (20,722) (105,560) 155,157 1,868 316,717 198 104,547 578,487 1,036,950 448,079 341,458 7,592 179,446 1,920 2,015,445 33,907,000 50
13. 1,940,789 1,940,789 1,940,789 1,940,789 1,940,789 1,940,789 51
14. 2,776,492 962,601 818,854 1,173,860 3,628,450 4,508,865 7,223,796 6,645,326 (416,801) (352,428) 6,806,995 6,292,898 15. 8,502,340 4,943,330 342,212 154,937 8,844,552 5,098,267 (54,529) (620) 8,790,023 5,097,647 1 6,109,132 3,711,842 1 3 1,334,466 662,132 3 12 939,841 563,115 1 64,372 5,621 8,447,811 4,942,710 52
30 140 620 532 54,529 620 (620) (532) 54,529 620 54,529,000 620,000 54,529,000 620,000 5,077,318 4,262,208 3 2,977,025 662,671 3 1 329,096 12,375 1 64,372 5,456 8,447,811 4,942,710 53
16. 14,147,319 12,712,506 2,853,881 1,318,345 9,949,248 9,394,861 367,710 649,481 157,251 336,970 448,809 820,018 370,420 192,831 14,147,319 12,712,506 17. 997,546 699,601 54
3 988,212 681,991 3 9,334 17,610 997,546 699,601 18. 2,500,000 291,287 2,500,000 291,287 0.33%-0.50% 0.33%-0.83% 55
19. 1,275,525 1,656,540 60 Mizuho Trust & Banking Co., Ltd. 56
92,851 154,937 (281,386) 6,332 7,123 99,183 (119,326) 52,245 (50,868) 31,780 (43,520) 15,158 (24,938) 99,183 (119,326) 57
8 4,007,717 92,851 15,528 108,379 (680,059) 11,589 6,405 17,994 3,454,031 (2,351,177) (9,196) (9,196) 330,246 (147,208) (147,208) (1,171) (2,178,506) 1,656,540 92,851 6,332 99,183 (349,813) (147,208) 11,589 6,405 (129,214) (1,171) 1,275,525 58
8 4,249,284 154,937 (281,386) 15,079 (111,370) (138,883) (7,191) 15,877 8,686 4,007,717 (2,150,405) (7,956) (7,956) 60,223 (131,267) (131,267) (121,772) (2,351,177) 2,098,879 154,937 (281,386) 7,123 (119,326) (78,660) (131,267) (7,191) 15,877 (122,581) (121,772) 1,656,540 59
1,102,106 1,200,304 884,460 948,646 131,550 137,756 60,390 64,471 2,178,506 2,351,177 0.34% 0.38% 1.80% 1.80% 2.20% 2.20% 0.5% (153,567) (180,651) 0.5% 153,577 181,303 60
8.6 9 2,178,506,000 2,351,177,000 63% 59% 1,275,525,000 1,656,540,000 20. 0.0000025 20,000,000,000 609,050,000 0.0000025 20,000,000,000 609,050,000 1,523 1,523 154,000 154,000 50,000 1.00 50,000 1,000 1.00 400,000 0.0000025 1,000 400,000,000 0.0000025 50,000 20,000,000,000 0.0000025 187.6 20,000 75,059,000 0.0000025 1,187.6 475,059,000 0.0000025 10 133,991,000 0.0000025 1,339,910,000 17,476,557,000 678,234,439 61
21. 17,554,550 952,250 40% 30% 12 30% 24 286,042 40% 30% 30% 318,396 50% 50% 10,303,410 16,602,300 318,396 952,250 (988,276) (242,060) (286,042) (7,009,080) 9,347,488 10,303,410 36,297,000 114 80,261,000 227,995,000 62
22. 291,287 2,208,713 (1,823,983) 1,823,983 2,500,000 63
3.23 1,967.2 50% A.1.1 A.2.1 A.1.1 64
A.2.1 65
(www.hkexnews.hk) (www. honma.hk) Honma Golf Limited 66