Hang Feng management commentary cites consulting revenue drop, higher costs as six-month net loss reaches US$553,033 to June 30, 2026

• Management commentary for the six months ended June 30, 2026 cited a sharp revenue drop to US$ 362,511 from US$ 1.33 million.
• Consulting revenue fell 51.5% to US$ 362,511, tied to reduced marketing and resource reallocation toward RWA development.
• Asset management revenue fell to zero from US$ 251,666 following the termination of the Global Innovation SP portfolio on Oct. 31, 2025.
• Operating expenses rose 59.9% to US$ 1.36 million, led by higher staff costs and professional fees.
• Net loss was US$ 553,033 versus net income of US$ 363,524, despite US$ 329,755 of loan interest income from lending idle funds.

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