豆盟科技2025年年报

(Incorporated in the Cayman Islands with limited liability)Stock Code股份代號: 1917（於開曼群島註冊成立的有限公司） CONTENTS DEFINITIONS2CORPORATE INFORMATION8FIVE-YEAR FINANCIAL SUMMARY12CHAIRMAN’S STATEMENT13PROFILE OF DIRECTORS AND SENIOR MANAGEMENT15MANAGEMENT DISCUSSION AND ANALYSIS21CORPORATE GOVERNANCE REPORT32DIRECTORS’ REPORT56INDEPENDENT AUDITOR’S REPORT80FINANCIAL STATEMENTS AND NOTES TO THE FINANCIALSTATEMENTS87 DEFINITIONS In this annual report, unless the context otherwise requires, thefollowing expressions shall have the following meanings: “2018 RSU Scheme”2018 the restricted share unit scheme adopted by the Company on 14 August 201820188 14 “2020 RSAS”2020 the restricted share award scheme adopted by the Company on 7 May 202020205 7 the annual general meeting to be held on 26 June 202620266 26 “advertiser” BlueFocus Intelligent Communications Group Co., Ltd., a company incorporated under the laws of thePRC on 4 November 2002, the shares of which were listed on ShenzhenStock Exchange (stock code: 300058) on 26 February 2010, and one of oursubstantial shareholders “BlueFocus” “BLUEFOCUS INTERNATIONAL” 20093 13 the board of directors of the Company DEFINITIONS “CEO” Chinaor PRC “Company” or “our Company” “Consolidated Affiliated Entities” DEFINITIONS “Doumeng Technology” “Doumob Technology” “Evan Global” Evan Global “Global Offering” DEFINITIONS “HK$” and “HK cents” “Listing Date” “Listing Rules” DEFINITIONS “Model Code” “Prospectus” “senior management” “SFO” “Share(s)” DEFINITIONS “Summer Holdings” “WFOE” “Yamei Yunhe” CORPORATE INFORMATION BOARD OF DIRECTORS 202636202636 Executive Directors Mr. Yang Bin(Chairman)Mr. Zhang Danqi(resigned on 6 March 2026)Mr. Yuan Limin(CEO) (appointed on 6 March 2026)Ms. Shi Hui Non-executive Director Mr. Liu Ailun Independent Non-executive Directors 20263152026316 Mr. Chan Yiu Kwong(resigned on 15 March 2026)Mr. Chen Ning(appointed on 16 March 2026)Mr. Chen HuaMr. Zhang Limin AUDIT COMMITTEE 20263152026316 Mr. Chan Yiu Kwong(resigned on 15 March 2026)Mr. Chen Ning(Chairperson) (appointed on 16 March 2026)Mr. Chen HuaMr. Zhang Limin REMUNERATION COMMITTEE Mr. Chen Hua(Chairperson)Mr. Yang BinMr. Zhang Limin NOMINATION COMMITTEE Mr. Zhang Limin(Chairperson)Ms. Shi Hui(appointed on 28 March 2025)Mr. Chen Hua 2025328 COMPANY SECRETARY (FCG (CS, CGP), HKFCG (CS, CGP)) Ms. Au Wai Ching(FCG (CS, CGP), HKFCG (CS, CGP)) 8DOUMOB豆 盟 科 技 有 限 公 司 CORPORATE INFORMATION AUTHORIZED REPRESENTATIVES Mr. Yang BinMs. Au Wai Ching AUDITOR BDO LimitedCertified Public Accountants25th Floor, Wing On Centre111 Connaught Road CentralHong Kong 11125 LEGAL ADVISERS As to Hong Kong lawEric Chow & Co.in Association with Commerce & Finance Law Offices3401, Alexandra House18 Chater Road CentralHong Kong 183401 32B15 1501As to PRC lawBentong Law FirmRoom 1501, 15/F, Tower BFenglan International Center32 Xizhimen North StreetHaidian DistrictBeijingPRC CORPORATE INFORMATION COMPANY WEBSITEwww.doumob.com www.doumob.com STOCK CODE 1917 1917 REGISTERED OFFICE IN THE CAYMAN ISLANDS Walkers Corporate Limited190 Elgin Avenue George TownGrand Cayman KY1-9008Cayman Islands Walkers Corporate Limited190 Elgin Avenue George TownGrand Cayman KY1-9008Cayman Islands HEADQUARTERS 1007 Room 1007International Creative Exhibition CenterGanlu Garden Nanli, Chaoyang DistrictBeijingPRC PRINCIPAL PLACE OF BUSINESS IN HONG KONG 24840 40/F, Dah Sing Financial CentreNo. 248, Queen’s Road EastWanchaiHong Kong CORPORATE INFORMATION PRINCIPAL SHARE REGISTRAR AND TRANSFEROFFICE Walkers Corporate Limited190 Elgin Avenue George TownGrand Cayman KY1-9008Cayman Islands Walkers Corporate Limited190 Elgin Avenue George TownGrand Cayman KY1-9008Cayman Islands HONG KONG BRANCH SHARE REGISTRAR 183171712-1716 Computershare Hong Kong Investor Services LimitedShops 1712-1716, 17th FloorHopewell Centre183 Queen’s Road EastWanchaiHong Kong PRINCIPAL BANK 1712296 China Construction Bank Dongsi BranchRoom 2296, Building No. 1No. 17, Cangjingguan HutongDongcheng DistrictBeijingPRC FIVE-YEAR FINANCIAL SUMMARY A summary of the results and the assets and liabilities of the Groupfor the last five financial years, as extracted from the publishedaudited financial statements, is set out below. RESULTS CHAIRMAN’S STATEMENT Dear Shareholders, On behalf of the Board of Directors, I am pleased to present theannual report of the Group for the year ended 31 December 2025 toall Shareholders. 202512 31 In 2025, the live-streaming e-commerce industry encountered anunprecedented downturn. Against a backdrop of macroeconomicslowdown,weakening consumer confidence,and rising trafficcosts, the industry’s overall transaction volume recorded its firstnegative growth. Faced with these severe challenges, the Group’sperformance experienced a temporary decline and fell short ofexpectations. The current performance fluctuation represents thephased pressure arising from the Group’s s