11/14/2025 - 04:20 PM

2025年11月14日- 下午 04:20

HONG KONG, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Oriental Culture Holding LTD. (“OCG” or the “Company”) (NASDAQ: OCG), an online provider of collectibles and artwork e-commerce services, today announced its unaudited financial results for the six months ended June 30, 2025.

香港，2025年11月14日（GLOBE NEWSWIRE）-- 东方文化控股有限公司（“OCG” 或 “公司”）（纳斯达克：OCG），一家在线收藏品和艺术品电子商务服务提供商，今天公布了截至2025年6月30日的六个月未经审计的财务业绩。

First Half Year of 2025 Financial Highlights

2025 年上半年财务亮点

Total revenues were approximately $0.1 million for the six months ended June 30, 2025, compared with the total revenues of approximately $0.4 million for the six months ended June 30, 2024.
Gross profit was approximately $0.1 million for the six months ended June 30, 2025, compared with approximately gross profit of $0.3 million for the six months ended June 30, 2024.
Gross margin was 84.7% for the six months ended June 30, 2025, compared with a gross margin of 65.8% for the six months ended June 30, 2024.
Loss from operations was approximately $4.5 million for the six months ended June 30, 2025, compared with income from operations of approximately $2.1 million for the six months ended June 30, 2024.
Net loss was approximately $3.8 million for the six months ended June 30, 2025, compared with approximately $1.9 million for the six months ended June 30, 2024.
Basic and diluted loss per share was $0.19 for the six months ended June 30, 2025, compared with $0.28 for the six months ended June 30, 2024.

总收入 约为 10 万美元，截至2025年6月30日的六个月，与截至2024年6月30日的六个月总收入约为 40 万美元相比。
毛利润 约为 10 万美元，截至2025年6月30日的六个月，与截至2024年6月30日的六个月毛利润约为 30 万美元相比。
毛利率 为 84.7%，截至2025年6月30日的六个月，与截至2024年6月30日的六个月毛利率为 65.8% 相比。
运营亏损 约为 450 万美元，截至2025年6月30日的六个月，与截至2024年6月30日的六个月运营收入约为 210 万美元相比。
净亏损 约为 380 万美元，截至2025年6月30日的六个月，与截至2024年6月30日的六个月净亏损约为 190 万美元相比。
基本和稀释每股亏损 为 0.19 美元，截至2025年6月30日的六个月，与截至2024年6月30日的六个月为 0.28 美元相比。

Recent developments

近期发展

On January 23, 2025, the Board of Directors of the Company (the “Board”) approved the appointment of Mr. Aimin Kong as the Chief Operating Officer (“COO”) of the Company for a term of 5 years and agreed to grant him 12 million preferred shares. On June 27, 2025, the shareholders of the Company approved that 12 million preferred shares (the “Preferred Shares”) be designated and issued to Mr. Aimin Kong or the company under this control at the Extraordinary General Meeting of the shareholders of the Company. Each Preferred Share shall have 15 votes for every Preferred Share of which he is the holder, subject to the Certificate of Designation and certain vesting and earn-out terms in his Employment Agreement. The Preferred Shares were valued at approximately $1.75 million on the grant date. On June 27, 2025, the 12 million Preferred Shares were issued to Hao Shun Investments Limited, a company under the control of Mr. Kong.

2025年1月23日，公司董事会（“董事会”）批准任命孔爱民先生为公司首席运营官（“COO”），任期为 5 年，并同意授予他 1200 万优先股。2025年6月27日，公司股东在特别股东大会上批准将 1200 万优先股（“优先股”）指定并发行给孔爱民先生或其控制的公司。每股优先股将拥有 15 票投票权，具体取决于指定证书及其雇佣协议中的某些归属和收益条款。优先股在授予日的估值约为 175 万美元。2025年6月27日，1200 万优先股已发行给孔先生控制的浩顺投资有限公司。

On April 28, 2025 (“Grant Date”), Compensation Committee of the Board granted stock awards of 500,000 ordinary shares, par value $0.00025, pursuant to our 2021 Omnibus Equity Plan, to five officers and employees of us and subsidiaries of our operating variable interest entity (the “Grantees”), including 100,000 shares to Mr. Yi Shao, the Chief Executive Officer of the Company (collectively, the “Grants”). The Grants vested immediately on the Grant Date and each of the Grantees also entered into an Unrestricted Stock Award Agreement with the Company on April 28, 2025.Grant date fair value of the stock award was approximately $2,040,000.

2025年4月28日（“授予日”），董事会薪酬委员会根据我们的 2021 年综合股权计划，向我们及其运营可变利益实体的五名高管和员工（“受赠人”）授予了 500,000 股普通股，面值为 0.00025 美元，其中包括向公司首席执行官邵毅先生授予的 100,000 股（统称为 “授予”）。授予在授予日立即归属，所有受赠人还于2025年4月28日与公司签署了无限制股票奖励协议。股票奖励的授予日公允价值约为 204 万美元。

Due to the investigation against our related parties (see details below), the revenue for the six months ended June 30, 2025 has been continuously, materially and negatively impacted as regaining customers’ confidence in the Company was challenging. In order to develop the business and customers, the Company purchased software of block chain asset exchange system at a cost of $1.5 million in November 2024 and planed to offer block chain asset trading on our platform to generate transactions service fee. However, the project has not yet been launched and the Company is evaluating the project and will obtain all approvals required before the launch of this project.

由于对我们相关方的调查（详见下文），截至2025年6月30日的六个月收入持续受到重大负面影响，因为恢复客户对公司的信心面临挑战。为了发展业务和客户，公司于 2024 年 11 月购买了区块链资产交易系统软件，费用为 150 万美元，并计划在我们的平台上提供区块链资产交易以产生交易服务费。然而，该项目尚未启动，公司正在评估该项目，并将在启动该项目之前获得所有必要的批准。

On October 16, 2025, the Board approved and authorized that the authorized share capital of the Company be increased from (a) $50,000 divided into 280,000,000 shares of which (x) 180,000,000 shares are designated as ordinary shares with a nominal or par value of $0.00025 per share and (y) 100,000,000 shares are designated as preferred shares with a nominal or par value of $0.0005 per share, to (b) $500,000 divided into shares of which (x) 1,980,000,000 shares are designated as ordinary shares with a nominal or par value of $0.00025 per share, and (y) 100,000,000 shares are designated as preferred shares with a nominal or par value of $0.00005 per share by creation of 1,800,000,000 ordinary shares with a nominal or par value of $0.00025 per share. (the “Share Capital Increase”) The Share Capital Increase is still subject to shareholders’ approval.

2025年10月16日，董事会批准并授权将公司的授权股本从（a）50,000 美元分为 280,000,000 股，其中（x）180,000,000 股被指定为普通股，面值为 0.00025 美元每股，以及（y）100,000,000 股被指定为优先股，面值为 0.0005 美元每股，增加到（b）500,000 美元分为股份，其中（x）1,980,000,000 股被指定为普通股，面值为 0.00025 美元每股，以及（y）100,000,000 股被指定为优先股，面值为 0.00005 美元每股，通过创建 1,800,000,000 股普通股，面值为 0.00025 美元每股。（“股本增加”）股本增加仍需股东批准。

On October 16, 2025, the Board also approved to terminate the variable interest entity (“VIE”) structure of the Company due to the change of its business strategy. Jiangsu Yanggu Culture Development Co., Ltd. (“Jiangsu Yanggu”), the variable interest entity of the Company, will transfer all the equity interests of its wholly owned subsidiaries, namely Nanjing Yanqing Information Technology Co., Ltd. (“Nanjing Yanqing”) and Nanjing Yanyu Information Technology Co., Ltd. (“Nanjing Yanyu”) to Nanjing Rongke Business Consulting Service Co., Ltd. (the “WFOE” or “Nanjing Rongke”), a wholly owned subsidiary of the Company and the Company will terminate the Equity Pledge Agreement by and among the WFOE, Jiangsu Yanggu and Jiangsu Yanggu’s shareholders to release the pledged shares of Jiangsu Yanggu to its shareholders. Jiangsu Yanggu has completed the transfer of all the equity interests of Nanjing Yanqing and Nanjing Yanyu to Nanjing Rongke on November 11, 2025. Upon the completion of this transfer, the Company owns the equity interest of its operating entities in China instead of through VIE structure.

2025年10月16日，董事会还批准终止公司的可变利益实体（“VIE”）结构，原因是其商业战略的变化。江苏扬谷文化发展有限公司（“江苏扬谷”），公司的可变利益实体，将把其全资子公司南京燕青信息技术有限公司（“南京燕青”）和南京烟雨信息技术有限公司（“南京烟雨”）的所有股权转让给南京融客商务咨询服务有限公司（“WFOE” 或 “南京融客”），该公司是公司的全资子公司，公司将终止 WFOE、江苏扬谷及江苏扬谷股东之间的股权质押协议，以释放江苏扬谷的质押股份给其股东。江苏扬谷已于2025年11月11日完成了对南京燕青和南京烟雨所有股权的转让。完成此转让后，公司直接拥有其在中国的运营实体的股权，而不是通过 VIE 结构。

Impact of investigation and charge against our shareholders

对我们股东的调查和指控的影响

On July 1, 2022, Mr. Huajun Gao and Mr. Aimin Kong, each was a major shareholder of the Company, were detained by Nan County Public Safety Bureau of Yiyang City, Hunan Province, China. On July 26, 2022, Nan County People’s Procuratorate (“NCPP”) approved the arrest of Mr. Gao and Mr. Kong, charging them with assisting in illegal online business operation of Nanjing Jinwang Art Purchase E-commerce Co., Ltd. (“Nanjing Jinwang”) and prosecuted them to Nan County People’s Court (the “Court”) in August 2023.

2022年7月1日，公司的主要股东高华君先生和孔爱民先生被湖南省益阳市南县公安局拘留。2022年7月26日，南县人民检察院（“NCPP”）批准对高先生和孔先生的逮捕，指控他们协助南京金旺艺术采购电子商务有限公司（“南京金旺”）进行非法在线商业运营，并于 2023 年 8 月将他们起诉至南县人民法院（“法院”）。

On July 1, 2022, the bank accounts of Nanjing Jinwang were frozen by Nan County Public Safety Bureau, including a trust account into which the customers of the Company deposit their security deposits in order to trade on the Company’s two online trading platforms which the Company had entrusted Nanjing Jinwang for escrow.

2022年7月1日，南京金旺的银行账户被南县公安局冻结，包括一个信托账户，客户在该账户中存入保证金，以便在公司委托南京金旺进行托管的两个在线交易平台上进行交易。

Also, on July 1, 2022, Nan County Public Safety Bureau froze certain bank accounts of Kashi Longrui Business Management Services Co., Ltd. (“Kashi Longrui”), Kashi Dongfang Cangpin Culture Development Co., Ltd. (“Kashi Dongfang”) and Nanjing Yanyu Information Technology Co., Ltd. (“Nanjing Yanyu”), all subsidiaries of Jiangsu Yanggu Culture Development Co., Ltd., the variable interest entity of the Company in China because they, each had business relationship with Nanjing Jinwang.

同样在2022年7月1日，南县公安局冻结了卡什龙瑞商业管理服务有限公司（“卡什龙瑞”）、卡什东方藏品文化发展有限公司（“卡什东方”）和南京烟雨信息技术有限公司（“南京烟雨”）的部分银行账户，这些公司均为江苏扬谷文化发展有限公司的子公司，后者是公司在中国的可变利益实体，因为它们与南京金旺有业务关系。

The Court had the hearing in August 2023 and trial in January 2024 and both of Mr. Kong and Mr. Gao were released on bail waiting for the judgement of the Court since February 2024. On May 5, 2025, NCPP filed with the Court to withdraw the charges against Nanjing Jinwang, Mr. Aimin Kong and Mr. Huajun Gao due to lack of evidence to press the charges. On May 8, 2025, the Court ordered to grant the withdrawal of charges against Nanjing Jinwang, Mr. Kong and Mr. Gao by NCCP. On May 15, 2025, Nan County Public Safety Bureau unfroze the bank accounts of Nanjing Jinwang, a related party of the Company. On May 15, 2025, Nan County Public Safety Bureau unfroze the bank accounts of Kashi Longrui, Kashi Dongfang and Nanjing Yanyu. On May 28, 2025, NCCP determined it would not seek to file any charges against Nanjing Jinwang, Mr. Aimin Kong and Mr. Huajun Gao. The investigation and case have been officially closed according to the PRC counsel of the Company, Tahota (Nanjing) Law Firm. All customers can freely transfer their deposits and make their withdrawals based on their actual needs.

法院于 2023 年 8 月举行了听证会，并于 2024 年 1 月进行审判，自 2024 年 2 月以来，高先生和孔先生均被保释等待法院的判决。2025年5月5日，NCPP 向法院申请撤回对南京金旺、孔爱民先生和高华君先生的指控，理由是缺乏证据支持起诉。2025年5月8日，法院裁定同意 NCPP 撤回对南京金旺、孔先生和高先生的指控。2025年5月15日，南县公安局解冻了南京金旺的银行账户，该公司为公司的关联方。2025年5月15日，南县公安局解冻了卡什龙瑞、卡什东方和南京烟雨的银行账户。2025年5月28日，NCPP 决定不再对南京金旺、孔爱民先生和高华君先生提出任何指控。根据公司的中国法律顾问泰和泰（南京）律师事务所的说法，调查和案件已正式结束。所有客户可以根据实际需要自由转移其存款并进行提款。

Neither the Company nor its VIE or subsidiaries of its VIE have received any notification for enforcement charges from Nan County Public Safety Bureau, other than cash and short-term investment in the frozen bank accounts relating to the Nanjing Jinwang investigation as described above. Mr. Gao and Mr. Kong are not officers, directors or employees of the Company, its VIE or subsidiaries of the VIE until January 23, 2025 when Mr. Kong was appointed as Chief Operating Officer of the Company.

除了与上述南京金旺调查相关的被冻结银行账户中的现金和短期投资外，公司及其可变利益实体或其子公司未收到南县公安局的任何强制执行指控通知。高先生和孔先生在2025年1月23日之前不是公司、其可变利益实体或可变利益实体子公司的高管、董事或员工，当时孔先生被任命为公司的首席运营官。

Due to the Nanjing Jinwang case between July 2022 and May 2025, the business operations of the Company have been materially and negatively impacted as its customers may had concerns regarding the safety of their deposited funds following difficulties they experienced in withdrawing their security deposits through online banking when the bank accounts were frozen. The number of customers who actively traded on our online platform continuously deceased from 15,124 for the six months ended June 30, 2024, to 4,504 for the same period in 2025.

由于南京金旺案件在 2022 年 7 月至 2025 年 5 月期间的影响，公司业务运营受到重大负面影响，因为客户可能对其存入资金的安全性产生担忧，尤其是在银行账户被冻结后，他们在通过网上银行提取保证金时遇到困难。活跃在我们在线平台上交易的客户数量从截至2024年6月30日的六个月内的 15,124 人，减少到 2025 年同一时期的 4,504 人。

This investigation and case against our related parties had negative impact on our revenue for the six months ended June 30, 2025. Our revenue decreased approximately $0.3 million from approximately $0.4 million for the six months ended June 30, 2024 to approximately $0.1 million for the same period of 2025.

针对我们关联方的这项调查和案件对截至2025年6月30日的六个月内我们的收入产生了负面影响。我们的收入从截至2024年6月30日的六个月内的约 40 万美元减少至截至 2025 年同一时期的约 10 万美元，减少了约 30 万美元。

Liquidity and Capital Resources

流动性和资本资源

The Company typically financed its operations through internally generated cash and equity financing. As of June 30, 2025, the Company had approximately $38.8 million in cash and the Company’s working capital was approximately $39.1 million at June 30, 2025.

公司通常通过内部产生的现金和股权融资来资助其运营。截至2025年6月30日，公司拥有约 3,880 万美元的现金，公司的流动资金在2025年6月30日约为 3,910 万美元。

If the Company is unable to realize its assets within the normal operating cycle of a 12-month period, the Company may have to consider supplementing its available sources of funds through the following sources:

如果公司无法在正常的 12 个月运营周期内实现其资产，公司可能需要考虑通过以下来源补充其可用资金来源：

other available sources of equity or debt financing from financial institutions or investors; and
financial support from our related parties and shareholders.

来自金融机构或投资者的其他可用股权或债务融资；以及
来自我们关联方和股东的财务支持。

Based on the above considerations, the Company’s management believes that it has sufficient funds to meet its working capital requirements and debt obligations as they become due over the next 12 months.

基于上述考虑，公司管理层相信其有足够的资金满足未来 12 个月到期的流动资金需求和债务义务。

Results of Operations

运营结果

The tables in the following discussion summarize our unaudited interim condensed consolidated statements of operations and comprehensive loss for the periods indicated. The operating results in any period are not necessarily of the results that may be expected for any future period.

以下讨论中的表格总结了我们在所示期间的未经审计的中期简明合并运营和综合亏损报表。任何期间的运营结果不一定代表未来任何期间可能预期的结果。

Six Months Ended June 30, 2025 vs. June 30, 2024

截至2025年6月30日的六个月与截至2024年6月30日的六个月对比


	For the Six Months Ended June 30,			Variance
	2025			2024			Amount		%
Net revenues	$	141,374			$	392,624		$	(251,250	)	(64.0	)%
Net revenues – related parties		-				54,633			(54,633	)	(100.0	)%
Total operating revenues		141,374				447,257			(305,883	)	(68.4	)%
Less: cost of revenues		(20,696	)			(152,802	)		132,106		(86.5	)%
Gross profit		120,678				294,455			(173,777	)	(59.0	)%
Operating expenses		(4,635,712	)			(2,373,523	)		(2,262,189	)	95.3	%
Loss from operations		(4,515,034	)			(2,079,068	)		(2,435,966	)	117.2	%
Other income, net		690,693				205,996			484,697		235.3	%
Loss before income taxes		(3,824,341	)			(1,873,072	)		(1,951,269	)	(104.2	)%
Provision for income taxes		-				-			-		-	%
Net loss		(3,824,341	)			(1,873,072	)		(1,951,269	)	(104.2	)%
Foreign currency translation adjustment		130,857				(192,302	)		323,159		(168.0	)%
Comprehensive income	$	(3,693,484	)		$	(2,065,374	)		(1,628,110	)	78.8	%
Weighted average number of ordinary shares outstanding – basic and diluted		20,070,022				6,800,280			13,269,742		195.1	%
Basic and diluted earnings per share	$	(0.19	)		$	(0.28	)	$	0.09		(30.8	)%


	截至
2025年6月30日的六个月		差异
	2025			2024			金额		%
净收入	$	141,374			$	392,624		$	(251,250	)	(64.0	)%
净收入 - 关联方		-				54,633			(54,633	)	(100.0	)%
总营业收入		141,374				447,257			(305,883	)	(68.4	)%
减：收入成本		(20,696	)			(152,802	)		132,106		(86.5	)%
毛利润		120,678				294,455			(173,777	)	(59.0	)%
营业费用		(4,635,712	)			(2,373,523	)		(2,262,189	)	95.3	%
营业损失		(4,515,034	)			(2,079,068	)		(2,435,966	)	117.2	%
其他收入，净额		690,693				205,996			484,697		235.3	%
税前损失		(3,824,341	)			(1,873,072	)		(1,951,269	)	(104.2	)%
所得税准备		-				-			-		-	%
净损失		(3,824,341	)			(1,873,072	)		(1,951,269	)	(104.2	)%
外币翻译调整		130,857				(192,302	)		323,159		(168.0	)%
综合收益	$	(3,693,484	)		$	(2,065,374	)		(1,628,110	)	78.8	%
加权平均普通股流通股数 - 基本和稀释		20,070,022				6,800,280			13,269,742		195.1	%
基本和稀释每股收益	$	(0.19	)		$	(0.28	)	$	0.09		(30.8	)%

Revenues:

收入:

The following table sets forth the principal components of our net revenues by amounts and percentages of our net revenues for the periods indicated:

下表列出了我们净收入的主要组成部分及其在所示期间的金额和百分比：


	For the Six Months Ended June 30,
	2025		2024		Variance
	Revenue		%		Revenue			%		Amount		%
Listing services fees(1)	$	114		0.1		$	101,934		22.8		$	(101,820	)	(99.9	)%
Transaction fees(2)		62,912		44.5			224,049		50.1			(161,137	)	(71.9	)%
Marketing services fees(3)		-		-			65,763		14.7			(65,763	)	(100.0	)%
Other revenues(4)*		78,348		55.4			55,511		12.4			22,837		(41.1	)%
Total operating revenues	$	141,374		100.0		$	447,257		100.0		$	(305,883	)	(68.4	)%


	截至2025年6月30日的六个月
	2025		2024		差异
	收入		%		收入			%		金额		%
上市服务费用 (1)	$	114		0.1		$	101,934		22.8		$	(101,820	)	(99.9	)%
交易费用 (2)		62,912		44.5			224,049		50.1			(161,137	)	(71.9	)%
营销服务费用 (3)		-		-			65,763		14.7			(65,763	)	(100.0	)%
其他收入 (4)*		78,348		55.4			55,511		12.4			22,837		(41.1	)%
总营业收入	$	141,374		100.0		$	447,257		100.0		$	(305,883	)	(68.4	)%

* Including $0 and $54,633 from related parties for the six months ended June 30, 2025 and 2024, respectively.

* 包括截至 2025 年和2024年6月30日来自关联方的$0 和$54,633。

(1) Listing service fees: Our performance obligation is to provide listings on our platform. Listing service fees are calculated based on a percentage of the listing value of collectibles, artwork and commodities. Listing value is the total offering price of the collectible, artwork and commodities when the ownership of the units is initially listed on our trading platforms. We utilize an appraised value as a basis to determine the appropriate listing value for each collectible, artwork or commodities, or portfolio of collectibles, artwork or commodities. We recognize the related revenue upon our completion of our performance obligation to the customer and its item is successfully listed for trading on our platforms. Our standard listing fees for artwork and collectibles range from 3% to 8% and 6% to 10% for each of the six months ended June 30, 2025 and 2024, respectively, and standard listing fees for commodities was 3% to 8% of the initial listing value for each of 2025 and 2024. The rate is dependent on the type of listings and is negotiated on a case-by-case basis.

(1) 上市服务费用: 我们的履约义务是提供在我们平台上的上市。上市服务费用是根据收藏品、艺术品和商品的上市价值的百分比计算的。上市价值是指当单位的所有权首次在我们的交易平台上上市时的总报价。我们利用评估价值作为确定每个收藏品、艺术品或商品或收藏品、艺术品或商品组合的适当上市价值的基础。我们在完成对客户的履约义务并成功上市交易后确认相关收入。我们对艺术品和收藏品的标准上市费用范围为 3% 到 8%，对商品的标准上市费用为 3% 到 8%，适用于 2025 年和 2024 年的六个月。该费率取决于上市类型，并根据具体情况进行协商。

Total listing service fees decreased by approximately $0.1 million or 99.9% from approximately $0.1 million for the six months ended June 30, 2024 to approximately $100 for the same period in 2025. Our listing service fees are calculated based on a percentage of the listing value of collectibles, artwork and commodities of new products. In addition, there was a decrease in listing values of approximately $15.8 million for new products listings with approximately $15.8 million and $0 for 2024 and 2025, respectively. The numbers of new collectibles/artwork and commodities that were successfully listed on our platforms decreased from 7 for the six months ended June 30, 2024 to 0 for the six months ended June 30, 2025. The decrease in the value generated by new product listings was mainly due to the decrease of the numbers of new products which caused by the impact from the freezing of bank accounts caused by the case against our shareholders starting in the second half of 2022 as we had a hard time to retain new clients due to the case.

总上市服务费用从2024年6月30日的约$0.1 百万减少至 2025 年同一时期的约$100，减少了约 99.9%。我们的上市服务费用是根据新产品的收藏品、艺术品和商品的上市价值的百分比计算的。此外，新产品上市的上市价值减少了约$15.8 百万，2024 年和 2025 年的上市价值分别为约$15.8 百万和$0。成功在我们平台上上市的新收藏品/艺术品和商品的数量从2024年6月30日的 7 个减少至2025年6月30日的 0 个。新产品上市所产生的价值减少主要是由于新产品数量的减少，这一减少是由于 2022 年下半年对我们股东提起诉讼导致的银行账户被冻结，我们在保留新客户方面遇到了困难。

(2) Transaction fee revenue: Transaction fee revenue is generally calculated based on the transaction value of collectibles, artwork or commodities per transaction for our services to facilitate the trading transactions. Transaction value is the dollar amount of the purchase and sale of the collectibles, artwork or commodities after it is listed on our platform. We typically charge from 0.15% to 0.3% of the transaction value per transaction from both the purchase and sale side of the transaction resulting in an aggregate of 0.3% to 0.6% of total transaction value. Sometimes, we charge a predetermined transaction rate, which is negotiated on a case-by-case basis, for selected traders with specific large transactions. Transaction fee revenue also includes predetermined monthly transaction fees, which are negotiated on a case-by-case basis for selected traders with high trading volume, and are recognized and earned over the specified service period.

(2) 交易手续费收入：交易手续费收入通常是根据我们为促进交易而提供的服务中，每笔交易的收藏品、艺术品或商品的交易价值来计算的。交易价值是指在我们的平台上列出后，收藏品、艺术品或商品的购买和销售的美元金额。我们通常从每笔交易的交易价值中收取 0.15% 到 0.3% 的费用，涵盖交易的买卖双方，总计为交易总价值的 0.3% 到 0.6%。有时，我们会对特定的大宗交易的选定交易者收取预定的交易费率，这些费率是根据具体情况逐案协商的。交易手续费收入还包括预定的每月交易费用，这些费用是针对高交易量的选定交易者逐案协商的，并在指定的服务期间内确认和获得。

Total transaction fee revenue decreased by approximately $0.2 million or 71.9% from approximately $0.2 million for the six months ended June 30, 2024 to approximately $63,000 for the same period in 2025. The decrease was due to the decrease in total transaction value. Transaction fee revenue is calculated based on a certain percentage of the transaction value per transaction. The total transaction value on our platform decreased from approximately $86.8 million for the six months ended June 30, 2024 to approximately $61.5 million for the same period in 2025. The decrease in our transaction was mainly due to continuous negative impact from the freezing of bank accounts caused by the case against our shareholders that started in second half of 2022.

总交易手续费收入从2024年6月30日止六个月的约 20 万美元减少了约 20 万美元，或 71.9%，降至 2025 年同一时期的约 63,000 美元。减少的原因是总交易价值的下降。交易手续费收入是根据每笔交易的交易价值的一定百分比计算的。我们平台的总交易价值从2024年6月30日止六个月的约 8680 万美元减少至 2025 年同一时期的约 6150 万美元。我们交易量的下降主要是由于 2022 年下半年开始的针对我们股东的案件导致的银行账户冻结的持续负面影响。

(3) Marketing service fees: Marketing service fees are what we charge for promoting and marketing our customers’ collectible or artwork. The services include assisting our customers in connection with his/her listing and trading of his/her collectible/artwork on our platform, which mainly includes consulting and supporting services of the marketability for the collectible/artwork; assessing its market value and market acceptance for the collectible/artwork; and assisting in the application and legal protection required for the customer’s collectible/artwork to be approved for listing on our platform. For marketing service contracts in which the related performance obligations can be completed within a short period of time, the Company recognizes the related revenue upon the completion of its performance obligations.

(3) 营销服务费用：营销服务费用是我们为推广和营销客户的收藏品或艺术品而收取的费用。这些服务包括协助客户在我们的平台上列出和交易其收藏品/艺术品，主要包括对收藏品/艺术品的市场性进行咨询和支持服务；评估收藏品/艺术品的市场价值和市场接受度；以及协助申请和法律保护，以便客户的收藏品/艺术品获得在我们平台上上市的批准。对于相关履行义务可以在短时间内完成的营销服务合同，公司在履行义务完成时确认相关收入。

Marketing service agreements also include providing promotion services for customers’ items as where to place ads on well-known cultural or art exchange websites in China, to provide online and offline marketing services including cooperation with auction houses and participate in industry-related exhibitions and fairs. The marketing service fees are charged on a negotiated fixed fee basis, which is based on the type of the listing session that the customer applies for and whether the customer has listed and sold its collectibles on other platforms before, and they were not based on the value of the underlying collectible, artwork and commodities. Marketing service contracts and fees are recognized upon the completion of all performance obligations.

营销服务协议还包括为客户的物品提供推广服务，例如在中国知名的文化或艺术交流网站上投放广告，提供线上和线下的营销服务，包括与拍卖行的合作以及参加行业相关的展览和博览会。营销服务费用是基于协商的固定费用，这取决于客户申请的上市会类型以及客户是否之前在其他平台上列出和销售过其收藏品，而不是基于基础收藏品、艺术品和商品的价值。营销服务合同和费用在所有履行义务完成后确认。

Marketing service fees decreased by approximately

营销服务费用减少了约

$66,000

66,000 美元

或

100.0%

from approximately

从2024年6月30日止六个月的约

$66,000

66,000 美元

for the six months ended June 30, 2024 to approximately

减少至 2025 年同一时期的约

0 美元。

for the same period in 2025. The decrease was due to the decrease in demand for marketing services from customers to promote their listed items.

减少的原因是客户对营销服务的需求下降，以促进其上市物品。

(4) Other revenues: Other revenues primarily include services fees for IT technical support and agency recommendation fees. IT technical support fees are negotiated on a case-by-case basis and are recognized when the related services have been performed based on the specific terms of the contract. Agency recommendation fees are mainly revenue generated from providing consulting and training services to certain traders/agents. Upon completion of the training and consulting, these qualified traders/agents may introduce our platform and services to potential customers to list their collectibles and artwork with us for a fee or promote their own products on our platform. Total other revenues increased by approximately $23,000 or 41.1% from $56,000, which included $54,633 from providing technical services to our related parties for the same period in 2024 to $78,000, which included $0 from providing technical services to our related parties for the same period in 2025. The increase was primarily because we provided more technical services for the six months ended June 30, 2025.

(4) 其他收入：其他收入主要包括 IT 技术支持服务费和代理推荐费。IT 技术支持费用是逐案协商的，并在相关服务根据合同的具体条款执行后确认。代理推荐费主要是指为某些交易者/代理提供咨询和培训服务所产生的收入。在培训和咨询完成后，这些合格的交易者/代理可以向潜在客户介绍我们的平台和服务，以便他们在我们这里列出其收藏品和艺术品，收取费用或在我们的平台上推广自己的产品。总其他收入从 2024 年同一时期的 56,000 美元（其中包括向相关方提供技术服务的 54,633 美元）增加了约 23,000 美元或 41.1%，增至 2025 年同一时期的 78,000 美元（其中包括向相关方提供技术服务的 0 美元）。增加的主要原因是我们在2025年6月30日止的六个月内提供了更多的技术服务。

Cost of Revenues

收入成本

Cost of revenues decreased by approximately $0.1 million or 86.5% from approximately $0.2 million, including $20,492 to a related party, for the six months ended June 30, 2024 to approximately $21,000 including $11 to a related party for the same period in 2025. The decrease in cost of revenues was primarily due to the decrease in employee salaries of approximately $71,000, decrease in system fees of approximately $26,000, and decrease in warehouse storage of approximately $20,000. The warehouse storage fees were charged based on certain percentage of listing value of commodities, decrease in warehouse storage fee was due to decrease in overall listing value of products.

收入成本从2024年6月30日止六个月的约 20 万美元（其中包括向相关方支付的 20,492 美元）减少了约 10 万美元或 86.5%，降至 2025 年同一时期的约 21,000 美元（其中包括向相关方支付的 11 美元）。收入成本的减少主要是由于员工薪资减少了约 71,000 美元，系统费用减少了约 26,000 美元，以及仓储费用减少了约 20,000 美元。仓储费用是根据商品的上市价值的一定百分比收取的，仓储费用的减少是由于产品的整体上市价值下降。

Gross Profit

毛利润

Gross profit decreased by approximately $0.2 million or 59.0% from approximately $0.3 million for the six months ended June 30, 2024 to approximately $0.1 million for the six months ended June 30, 2025. Gross margin for the six months ended June 30, 2025 and 2024 were approximately 85.4% and approximately 65.8%, respectively.

毛利润从2024年6月30日止六个月的约 30 万美元减少了约 20 万美元或 59.0%，降至2025年6月30日止六个月的约 10 万美元。2025 年和2024年6月30日止六个月的毛利率分别约为 85.4% 和 65.8%。

Selling and Marketing Expenses

销售和营销费用

The following table sets forth our operating expenses by amounts and percentages for the periods indicated:

下表列出了我们在所示期间的运营费用金额和百分比：


	For the Six Months Ended June 30,
	2025			2024		Variance
	Expense			%		Expense		%		Amount		%
Selling and marketing	$	(2,458	)		0.1		$	(142,039	)		6.0		$	139,581		(98.3	)%
General and administrative		(843,254	)		18.2			(1,576,008	)		66.4			732,754		(46.5	)%
General and administrative – related parties		-			0.0			(82,476	)		3.5			82,476		(100.0	)%
Stock compensation expenses		(3,790,000	)		81.7			(573,000	)		24.1			(3,217,000	)	561.4	%
Total operating expenses	$	(4,635,712	)		100.0		$	(2,373,523	)		100.0		$	(2,262,189	)	(95.3	)%


	截至 6 月 30 日的六个月
	2025			2024		差异
	费用			%		费用		%		金额		%
销售和营销	$	(2,458	)		0.1		$	(142,039	)		6.0		$	139,581		(98.3	)%
一般和行政		(843,254	)		18.2			(1,576,008	)		66.4			732,754		(46.5	)%
一般和行政 – 关联方		-			0.0			(82,476	)		3.5			82,476		(100.0	)%
股票补偿费用		(3,790,000	)		81.7			(573,000	)		24.1			(3,217,000	)	561.4	%
总运营费用	$	(4,635,712	)		100.0		$	(2,373,523	)		100.0		$	(2,262,189	)	(95.3	)%

Selling expenses decreased by approximately $0.1 million, or 98.3%, from approximately $0.1 million for the six months ended June 30, 2024 to approximately $2,000 for the same period in 2025. The decrease was primarily due to the decrease in marketing expenses of approximately $40,000 as we paid less commissions due to less new listings and traders introduced by third parties, and the decrease in salary expenses of approximately $81,000 resulting from a decrease in number of employees in our sales and marketing department from twelve to one.

销售费用从2024年6月30日的约 10 万美元减少至 2025 年同一时期的约 2000 美元，减少约 10 万美元，或 98.3%。减少的主要原因是由于新上市和第三方引入的交易者减少，我们支付的营销费用减少了约 4 万美元，以及由于销售和营销部门员工人数从 12 人减少到 1 人，导致的薪资费用减少约 8.1 万美元。

General and Administrative Expenses

一般和行政费用

Our general and administrative expenses decreased by approximately $0.9 million, or 49.2% from approximately $1.7 million including approximately $82,000 to a related party for the six months ended June 30, 2024 to approximately $0.8 million including approximately $0 to a related party for the same period in 2025. The decrease in our general and administrative expenses was primarily due to the decreased professional fees of approximately $0.2 million, decreased office expenses of approximately $0.5 million, decreased depreciation and amortization expenses of approximately $0.1 million, and decreased travel and meeting related fees of approximately $0.1 million and as we incurred less professional services and management needs due to less business and revenues in the first half of 2025.

我们的一般和行政费用从2024年6月30日的约 170 万美元（包括约 8.2 万美元支付给关联方）减少至 2025 年同一时期的约 80 万美元（包括约 0 美元支付给关联方），减少约 90 万美元，或 49.2%。一般和行政费用的减少主要是由于专业费用减少约 20 万美元，办公费用减少约 50 万美元，折旧和摊销费用减少约 10 万美元，以及与旅行和会议相关的费用减少约 10 万美元，因为由于 2025 年上半年业务和收入减少，我们的专业服务和管理需求减少。

Stock Compensation Expenses

股票补偿费用

Our stock compensation expenses increased by approximately

我们的股票补偿费用增加了约

$3.2 million

320 万美元

, or

, 或

561.4%

from approximately

从2024年6月30日的约 60 万美元增加至 2025 年同一时期的约 380 万美元。增加的原因是根据 2021 年综合股权计划授予的约 200 万美元的股票奖励，以及根据 2025 年 1 月签署的员工协议向我们的首席运营官发行的约 170 万美元的优先股。

$0.6 million

for the six months ended June 30, 2024 to approximately

$3.8 million

for the same period in 2025. The increase was due to approximately

$2.0 million

of the granted stock awardspursuant to the 2021 Omnibus Equity Plan and approximately

$1.7 million

of the issuance of preferred shares to our COO pursuant to the employee agreement signed in January 2025.

Other Income

其他收入

Total other income increased by approximately $0.5 million, or 235.3%, from approximately $0.2 million for the six months ended June 30, 2024 to approximately $0.7 million for the same period in 2025. The increase was mainly due to the increase of approximately $0.1 million of other income, including rental income from the lease of office building and the sale of Chinese liquor, and the decrease of approximately $0.4 million of impairment loss on intangible assets due to the disposal of HKDAEx Limited in December 2024. The sale of Chinese liquor is not expected to be a recurring line of business for the Company.

其他总收入从2024年6月30日的约 20 万美元增加至 2025 年同一时期的约 70 万美元，增加约 50 万美元，或 235.3%。增加的主要原因是其他收入增加约 10 万美元，包括办公楼租金收入和中国酒类销售收入，以及由于 2024 年 12 月处置 HKDAEx Limited 导致的无形资产减值损失减少约 40 万美元。中国酒类的销售预计不会成为公司的常规业务。

Provision for Income Taxes

所得税准备

Our provision for income taxes amounted to nil for the six months ended June 30, 2025 and 2024. We generated most of our income (loss) from the subsidiaries of our VIE. We also have provided 100% allowance on net operating losses from our VIE due to continuing losses.

截至 2025 年和2024年6月30日，我们的所得税准备为零。我们大部分收入（损失）来自我们 VIE 的子公司。由于持续亏损，我们还对我们 VIE 的净经营亏损提供了 100% 的准备。

Net Loss

净亏损

Our net loss increased by approximately $1.9 million, or 104.2%, from $1.9 million for the six months ended June 30, 2024 to approximately $3.8 million for the same period in 2025. Such change was the result of the combination of the changes as discussed above.

我们的净亏损从2024年6月30日的 190 万美元增加约 190 万美元，或 104.2%，至 2025 年同一时期的约 380 万美元。此变化是上述讨论变化的结果。

Foreign Currency Translation Adjustment

外币翻译调整

Changes in foreign currency translation adjustment are mainly due to the fluctuation of foreign exchange rates between RMB/HKD (the functional currency of our operating entities) and the USD dollar (reporting currency).

外币翻译调整的变化主要是由于人民币/港币（我们运营实体的功能货币）与美元（报告货币）之间的汇率波动。

Basic and diluted loss per share

基本和稀释每股亏损

Basic and diluted loss per share were $0.19 and $0.28 for the six months ended June 30, 2025 and 2024, respectively, a 30.8% decrease. Due to net loss, the basic and diluted shares are considered the same.

截至 2025 年和2024年6月30日，基本和稀释每股亏损分别为 0.19 美元和 0.28 美元，减少 30.8%。由于净亏损，基本和稀释股份被视为相同。

About Oriental Culture Holding LTD

关于东方文化控股有限公司

OCG is an online provider of collectibles and artwork e-commerce services, which allows collectors, artists, art dealers and owners to access an art trading market with a wider range of collectibles and artwork investors. Through its subsidiaries in Hong Kong, the Company provides trading facilitation for individual and institutional customers of all kinds of collectibles, artwork and certain commodities on its online platform, and online and offline integrated marketing, storage and technical maintenance services to customers in China. For more information about the Company, please visit: www.ocgroup.hk.

OCG 是一家在线收藏品和艺术品电子商务服务提供商，允许收藏家、艺术家、艺术经销商和所有者接触更广泛的收藏品和艺术品投资者的艺术交易市场。通过其在香港的子公司，公司为各种收藏品、艺术品和某些商品的个人和机构客户提供交易便利，并为中国客户提供在线和离线的综合营销、存储和技术维护服务。有关公司的更多信息，请访问：www.ocgroup.hk。

Safe Harbor Statement

安全港声明

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; financial condition and results of operations; product and service demand and acceptance; reputation and brand; the impact of competition and pricing; changes in technology; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

本新闻稿包含根据 1995 年《私人证券诉讼改革法案》定义的前瞻性声明。前瞻性声明包括有关计划、目标、策略、未来事件或业绩的声明，以及基本假设和其他非历史事实的声明。当公司使用 “可能”、“将”、“打算”、“应该”、“相信”、“期望”、“预期”、“项目”、“估计” 或类似表达时，这些表达并不单纯与历史事项相关，而是在做出前瞻性声明。前瞻性声明并不保证未来的业绩，并涉及可能导致实际结果与公司在前瞻性声明中讨论的预期有重大差异的风险和不确定性。这些声明受到不确定性和风险的影响，包括但不限于以下内容：公司的目标和策略；公司的未来业务发展；财务状况和经营结果；产品和服务的需求与接受度；声誉和品牌；竞争和定价的影响；技术变化；政府法规；中国一般经济和商业环境的波动，以及与上述任何内容相关的假设和公司向 SEC 提交的报告中包含的其他风险。因此，投资者被提醒不要对本新闻稿中的任何前瞻性声明过度依赖。其他因素在公司向 SEC 提交的文件中进行了讨论，相关文件可在 www.sec.gov 上查阅。公司没有义务公开修订这些前瞻性声明，以反映此后发生的事件或情况。


ORIENTAL CULTURE HOLDING LTD. AND SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETS

	June 30			December31,
	2025			2024
	(Unaudited)
ASSETS
CURRENT ASSETS
Cash and equivalents	$	38,780,420			$	17,068,272
Restricted cash		-				6,475,274
Short-term investment		-				5,294,952
Restricted investment		-				10,794,296
Accounts receivable, net		-				278
Inventory		557,223				1,231,335
Other receivables and prepaid expenses		1,095,126				1,073,244
Other receivables - related party		131,671				-
Total current assets		40,564,440				41,937,651

PROPERTY AND EQUIPMENT, NET		8,526,054				8,647,932

OTHER ASSETS
Cost method investments		907,280				903,518
Intangible assets, net		1,463,382				1,546,565
Total other assets		2,370,662				2,450,083

Total assets	$	51,461,156			$	53,035,666

LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	1,000,345			$	2,417,587
Accounts payable - related parties		11				502
Deferred revenue		98,054				78,427
Other payables and accrued liabilities		343,880				616,340
Taxes payable		13,038				13,498
Lease liability - current		-				-
Total current liabilities		1,455,328				3,126,354

Total liabilities		1,455,328				3,126,354

COMMITMENTS AND CONTINGENCIES

SHAREHOLDERS’ EQUITY
Preferred shares, $0.00005 par value, 100,000,000 shares authorized, 12,000,000 and 0 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively		600				-
Ordinary shares, $0.00025 par value, 180,000,000 shares authorized, 23,155,927 and 20,491,340 shares issued, 21,233,927 and 18,569,340 shares outstanding as of June 30, 2025 and December 31, 2024, respectively		5,784				5,118
Treasury shares, at cost, 1,922,000 shares issued as of June 30, 2025 and December 31, 2024, respectively		(481	)			(481	)
Additional paid-in capital		33,500,885				29,712,151
Statutory reserves		159,110				155,313
Retained earnings		18,424,609				22,252,747
Accumulated other comprehensive loss		(2,084,679	)			(2,215,536	)
Total shareholders’ equity		50,005,828				49,909,312

Total liabilities and shareholders’ equity	$	51,461,156			$	53,035,666


东方文化控股有限公司及其子公司简明合并资产负债表

	2025年6月30日			2024年12月31日
	（未经审计）
资产
流动资产
现金及现金等价物	$	38,780,420			$	17,068,272
限制性现金		-				6,475,274
短期投资		-				5,294,952
限制性投资		-				10,794,296
应收账款，净额		-				278
存货		557,223				1,231,335
其他应收款和预付费用		1,095,126				1,073,244
其他应收款 - 关联方		131,671				-
流动资产总计		40,564,440				41,937,651

物业和设备，净额		8,526,054				8,647,932

其他资产
成本法投资		907,280				903,518
无形资产，净额		1,463,382				1,546,565
其他资产总计		2,370,662				2,450,083

资产总计	$	51,461,156			$	53,035,666

负债和股东权益
流动负债
应付账款	$	1,000,345			$	2,417,587
应付账款 - 关联方		11				502
递延收入		98,054				78,427
其他应付款和应计负债		343,880				616,340
应付税款		13,038				13,498
租赁负债 - 流动		-				-
流动负债总计		1,455,328				3,126,354

负债总计		1,455,328				3,126,354

承诺和或有事项

股东权益
优先股，面值$0.00005，授权 100,000,000 股，2025年6月30日和2024年12月31日分别发行和流通 12,000,000 股和 0 股		600				-
普通股，面值$0.00025，授权 180,000,000 股，2025年6月30日和2024年12月31日分别发行 23,155,927 股和 20,491,340 股，流通 21,233,927 股和 18,569,340 股		5,784				5,118
库存股，成本，2025年6月30日和2024年12月31日分别发行 1,922,000 股		(481	)			(481	)
额外实收资本		33,500,885				29,712,151
法定储备		159,110				155,313
留存收益		18,424,609				22,252,747
累计其他综合损失		(2,084,679	)			(2,215,536	)
股东权益总计		50,005,828				49,909,312

负债和股东权益总计	$	51,461,156			$	53,035,666

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

附带的注释是这些未经审计的简明合并财务报表的组成部分。


ORIENTAL CULTURE HOLDING LTD. AND SUBSIDIARIES UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF OPERATION AND COMPREHENSIVE LOSS

	For the Six Months Ended June 30,
	2025			2024

OPERATING REVENUES:
Net revenues	$	141,374			$	392,624
Net revenues - related parties		-				54,633
Total operating revenues		141,374				447,257

COST OF REVENUES:(including related warehouse cost of $11 and $20,492 for the six months ended June 30, 2025 and 2024, respectively)		(20,696	)			(152,802	)

GROSS PROFIT		120,678				294,455

OPERATING EXPENSES:
Selling and marketing		(2,458	)			(142,039	)
General and administrative		(843,254	)			(1,576,008	)
General and administrative - related parties		-				(82,476	)
Stock compensation expenses		(3,790,000	)			(573,000	)
Total operating expenses		(4,635,712	)			(2,373,523	)

LOSS FROM OPERATIONS		(4,515,034	)			(2,079,068	)

OTHER INCOME
Gain from short-term investment		-				71,853
Interest and investment income		427,528				414,422
Impairment loss on intangible assets		-				(355,941	)
Other income, net		263,165				75,662
Total other income, net		690,693				205,996

LOSS BEFORE INCOME TAXES		(3,824,341	)			(1,873,072	)

PROVISION FOR INCOME TAX		-				-

NET LOSS		(3,824,341	)			(1,873,072	)

OTHER COMPREHENSIVE LOSS
Foreign currency translation adjustment		130,857				(192,302	)

COMPREHENSIVE LOSS	$	(3,693,484	)		$	(2,065,374	)

WEIGHTED AVERAGE NUMBER OF ORDINARY SHARES
Basic and diluted		20,070,022				6,800,280

LOSS PER SHARE
Basic and diluted	$	(0.19	)		$	(0.28	)


东方文化控股有限公司及其子公司未经审计的中期简明合并经营报表及综合亏损

	截至 6 月 30 日的六个月
	2025			2024

营业收入：
净收入	$	141,374			$	392,624
净收入 - 关联方		-				54,633
总营业收入		141,374				447,257

收入成本：（包括截至 2025 年和2024年6月30日的相关仓储成本分别为$11 和$20,492）		(20,696	)			(152,802	)

毛利润		120,678				294,455

营业费用：
销售和市场营销		(2,458	)			(142,039	)
一般和行政		(843,254	)			(1,576,008	)
一般和行政 - 关联方		-				(82,476	)
股票补偿费用		(3,790,000	)			(573,000	)
总营业费用		(4,635,712	)			(2,373,523	)

营业亏损		(4,515,034	)			(2,079,068	)

其他收入
短期投资收益		-				71,853
利息和投资收入		427,528				414,422
无形资产减值损失		-				(355,941	)
其他收入，净额		263,165				75,662
总其他收入，净额		690,693				205,996

税前亏损		(3,824,341	)			(1,873,072	)

所得税准备		-				-

净亏损		(3,824,341	)			(1,873,072	)

其他综合亏损
外币翻译调整		130,857				(192,302	)

综合亏损	$	(3,693,484	)		$	(2,065,374	)

普通股加权平均数
基本和稀释		20,070,022				6,800,280

每股亏损
基本和稀释	$	(0.19	)		$	(0.28	)

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

附带的说明是这些未经审计的简明合并财务报表的重要组成部分。

东方文化控股有限公司公布 2025 年上半年未经审计的财务业绩 | OCG 股票新闻