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）-- 東方文化控股有限公司（“OCG” 或 “公司”）（納斯達克：OCG），一家在線收藏品和藝術品電子商務服務提供商，今天公佈了截至2025年6月30日的六個月未經審計的財務業績。

First Half Year of 2025 Financial Highlights

2025 年上半年財務亮點

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.

總收入 約為 10 萬美元，截至2025年6月30日的六個月，與截至2024年6月30日的六個月總收入約為 40 萬美元相比。
毛利潤 約為 10 萬美元，截至2025年6月30日的六個月，與截至2024年6月30日的六個月毛利潤約為 30 萬美元相比。
毛利率 為 84.7%，截至2025年6月30日的六個月，與截至2024年6月30日的六個月毛利率為 65.8% 相比。
運營虧損 約為 450 萬美元，截至2025年6月30日的六個月，與截至2024年6月30日的六個月運營收入約為 210 萬美元相比。
淨虧損 約為 380 萬美元，截至2025年6月30日的六個月，與截至2024年6月30日的六個月淨虧損約為 190 萬美元相比。
基本和稀釋每股虧損 為 0.19 美元，截至2025年6月30日的六個月，與截至2024年6月30日的六個月為 0.28 美元相比。

Recent developments

近期發展

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，公司董事會（“董事會”）批准任命孔愛民先生為公司首席運營官（“COO”），任期為 5 年，並同意授予他 1200 萬優先股。2025年6月27日，公司股東在特別股東大會上批准將 1200 萬優先股（“優先股”）指定併發行給孔愛民先生或其控制的公司。每股優先股將擁有 15 票投票權，具體取決於指定證書及其僱傭協議中的某些歸屬和收益條款。優先股在授予日的估值約為 175 萬美元。2025年6月27日，1200 萬優先股已發行給孔先生控制的浩順投資有限公司。

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”），董事會薪酬委員會根據我們的 2021 年綜合股權計劃，向我們及其運營可變利益實體的五名高管和員工（“受贈人”）授予了 500,000 股普通股，面值為 0.00025 美元，其中包括向公司首席執行官邵毅先生授予的 100,000 股（統稱為 “授予”）。授予在授予日立即歸屬，所有受贈人還於2025年4月28日與公司簽署了無限制股票獎勵協議。股票獎勵的授予日公允價值約為 204 萬美元。

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.

由於對我們相關方的調查（詳見下文），截至2025年6月30日的六個月收入持續受到重大負面影響，因為恢復客户對公司的信心面臨挑戰。為了發展業務和客户，公司於 2024 年 11 月購買了區塊鏈資產交易系統軟件，費用為 150 萬美元，並計劃在我們的平台上提供區塊鏈資產交易以產生交易服務費。然而，該項目尚未啓動，公司正在評估該項目，並將在啓動該項目之前獲得所有必要的批准。

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，董事會批准並授權將公司的授權股本從（a）50,000 美元分為 280,000,000 股，其中（x）180,000,000 股被指定為普通股，面值為 0.00025 美元每股，以及（y）100,000,000 股被指定為優先股，面值為 0.0005 美元每股，增加到（b）500,000 美元分為股份，其中（x）1,980,000,000 股被指定為普通股，面值為 0.00025 美元每股，以及（y）100,000,000 股被指定為優先股，面值為 0.00005 美元每股，通過創建 1,800,000,000 股普通股，面值為 0.00025 美元每股。（“股本增加”）股本增加仍需股東批准。

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，董事會還批准終止公司的可變利益實體（“VIE”）結構，原因是其商業戰略的變化。江蘇揚穀文化發展有限公司（“江蘇揚穀”），公司的可變利益實體，將把其全資子公司南京燕青信息技術有限公司（“南京燕青”）和南京煙雨信息技術有限公司（“南京煙雨”）的所有股權轉讓給南京融客商務諮詢服務有限公司（“WFOE” 或 “南京融客”），該公司是公司的全資子公司，公司將終止 WFOE、江蘇揚穀及江蘇揚穀股東之間的股權質押協議，以釋放江蘇揚穀的質押股份給其股東。江蘇揚穀已於2025年11月11日完成了對南京燕青和南京煙雨所有股權的轉讓。完成此轉讓後，公司直接擁有其在中國的運營實體的股權，而不是通過 VIE 結構。

Impact of investigation and charge against our shareholders

對我們股東的調查和指控的影響

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，公司的主要股東高華君先生和孔愛民先生被湖南省益陽市南縣公安局拘留。2022年7月26日，南縣人民檢察院（“NCPP”）批准對高先生和孔先生的逮捕，指控他們協助南京金旺藝術採購電子商務有限公司（“南京金旺”）進行非法在線商業運營，並於 2023 年 8 月將他們起訴至南縣人民法院（“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，南京金旺的銀行賬户被南縣公安局凍結，包括一個信託賬户，客户在該賬户中存入保證金，以便在公司委託南京金旺進行託管的兩個在線交易平台上進行交易。

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.

同樣在2022年7月1日，南縣公安局凍結了卡什龍瑞商業管理服務有限公司（“卡什龍瑞”）、卡什東方藏品文化發展有限公司（“卡什東方”）和南京煙雨信息技術有限公司（“南京煙雨”）的部分銀行賬户，這些公司均為江蘇揚穀文化發展有限公司的子公司，後者是公司在中國的可變利益實體，因為它們與南京金旺有業務關係。

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.

法院於 2023 年 8 月舉行了聽證會，並於 2024 年 1 月進行審判，自 2024 年 2 月以來，高先生和孔先生均被保釋等待法院的判決。2025年5月5日，NCPP 向法院申請撤回對南京金旺、孔愛民先生和高華君先生的指控，理由是缺乏證據支持起訴。2025年5月8日，法院裁定同意 NCPP 撤回對南京金旺、孔先生和高先生的指控。2025年5月15日，南縣公安局解凍了南京金旺的銀行賬户，該公司為公司的關聯方。2025年5月15日，南縣公安局解凍了卡什龍瑞、卡什東方和南京煙雨的銀行賬户。2025年5月28日，NCPP 決定不再對南京金旺、孔愛民先生和高華君先生提出任何指控。根據公司的中國法律顧問泰和泰（南京）律師事務所的説法，調查和案件已正式結束。所有客户可以根據實際需要自由轉移其存款並進行提款。

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.

除了與上述南京金旺調查相關的被凍結銀行賬户中的現金和短期投資外，公司及其可變利益實體或其子公司未收到南縣公安局的任何強制執行指控通知。高先生和孔先生在2025年1月23日之前不是公司、其可變利益實體或可變利益實體子公司的高管、董事或員工，當時孔先生被任命為公司的首席運營官。

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.

由於南京金旺案件在 2022 年 7 月至 2025 年 5 月期間的影響，公司業務運營受到重大負面影響，因為客户可能對其存入資金的安全性產生擔憂，尤其是在銀行賬户被凍結後，他們在通過網上銀行提取保證金時遇到困難。活躍在我們在線平台上交易的客户數量從截至2024年6月30日的六個月內的 15,124 人，減少到 2025 年同一時期的 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.

針對我們關聯方的這項調查和案件對截至2025年6月30日的六個月內我們的收入產生了負面影響。我們的收入從截至2024年6月30日的六個月內的約 40 萬美元減少至截至 2025 年同一時期的約 10 萬美元，減少了約 30 萬美元。

Liquidity and Capital Resources

流動性和資本資源

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.

公司通常通過內部產生的現金和股權融資來資助其運營。截至2025年6月30日，公司擁有約 3,880 萬美元的現金，公司的流動資金在2025年6月30日約為 3,910 萬美元。

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:

如果公司無法在正常的 12 個月運營週期內實現其資產，公司可能需要考慮通過以下來源補充其可用資金來源：

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

來自金融機構或投資者的其他可用股權或債務融資；以及
來自我們關聯方和股東的財務支持。

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.

基於上述考慮，公司管理層相信其有足夠的資金滿足未來 12 個月到期的流動資金需求和債務義務。

Results of Operations

運營結果

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.

以下討論中的表格總結了我們在所示期間的未經審計的中期簡明合併運營和綜合虧損報表。任何期間的運營結果不一定代表未來任何期間可能預期的結果。

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

截至2025年6月30日的六個月與截至2024年6月30日的六個月對比


	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日的六個月		差異
	2025			2024			金額		%
淨收入	$	141,374			$	392,624		$	(251,250	)	(64.0	)%
淨收入 - 關聯方		-				54,633			(54,633	)	(100.0	)%
總營業收入		141,374				447,257			(305,883	)	(68.4	)%
減：收入成本		(20,696	)			(152,802	)		132,106		(86.5	)%
毛利潤		120,678				294,455			(173,777	)	(59.0	)%
營業費用		(4,635,712	)			(2,373,523	)		(2,262,189	)	95.3	%
營業損失		(4,515,034	)			(2,079,068	)		(2,435,966	)	117.2	%
其他收入，淨額		690,693				205,996			484,697		235.3	%
税前損失		(3,824,341	)			(1,873,072	)		(1,951,269	)	(104.2	)%
所得税準備		-				-			-		-	%
淨損失		(3,824,341	)			(1,873,072	)		(1,951,269	)	(104.2	)%
外幣翻譯調整		130,857				(192,302	)		323,159		(168.0	)%
綜合收益	$	(3,693,484	)		$	(2,065,374	)		(1,628,110	)	78.8	%
加權平均普通股流通股數 - 基本和稀釋		20,070,022				6,800,280			13,269,742		195.1	%
基本和稀釋每股收益	$	(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:

下表列出了我們淨收入的主要組成部分及其在所示期間的金額和百分比：


	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日的六個月
	2025		2024		差異
	收入		%		收入			%		金額		%
上市服務費用 (1)	$	114		0.1		$	101,934		22.8		$	(101,820	)	(99.9	)%
交易費用 (2)		62,912		44.5			224,049		50.1			(161,137	)	(71.9	)%
營銷服務費用 (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	)%
總營業收入	$	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日來自關聯方的$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) 上市服務費用: 我們的履約義務是提供在我們平台上的上市。上市服務費用是根據收藏品、藝術品和商品的上市價值的百分比計算的。上市價值是指當單位的所有權首次在我們的交易平台上上市時的總報價。我們利用評估價值作為確定每個收藏品、藝術品或商品或收藏品、藝術品或商品組合的適當上市價值的基礎。我們在完成對客户的履約義務併成功上市交易後確認相關收入。我們對藝術品和收藏品的標準上市費用範圍為 3% 到 8%，對商品的標準上市費用為 3% 到 8%，適用於 2025 年和 2024 年的六個月。該費率取決於上市類型，並根據具體情況進行協商。

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.

總上市服務費用從2024年6月30日的約$0.1 百萬減少至 2025 年同一時期的約$100，減少了約 99.9%。我們的上市服務費用是根據新產品的收藏品、藝術品和商品的上市價值的百分比計算的。此外，新產品上市的上市價值減少了約$15.8 百萬，2024 年和 2025 年的上市價值分別為約$15.8 百萬和$0。成功在我們平台上上市的新收藏品/藝術品和商品的數量從2024年6月30日的 7 個減少至2025年6月30日的 0 個。新產品上市所產生的價值減少主要是由於新產品數量的減少，這一減少是由於 2022 年下半年對我們股東提起訴訟導致的銀行賬户被凍結，我們在保留新客户方面遇到了困難。

(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) 交易手續費收入：交易手續費收入通常是根據我們為促進交易而提供的服務中，每筆交易的收藏品、藝術品或商品的交易價值來計算的。交易價值是指在我們的平台上列出後，收藏品、藝術品或商品的購買和銷售的美元金額。我們通常從每筆交易的交易價值中收取 0.15% 到 0.3% 的費用，涵蓋交易的買賣雙方，總計為交易總價值的 0.3% 到 0.6%。有時，我們會對特定的大宗交易的選定交易者收取預定的交易費率，這些費率是根據具體情況逐案協商的。交易手續費收入還包括預定的每月交易費用，這些費用是針對高交易量的選定交易者逐案協商的，並在指定的服務期間內確認和獲得。

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.

總交易手續費收入從2024年6月30日止六個月的約 20 萬美元減少了約 20 萬美元，或 71.9%，降至 2025 年同一時期的約 63,000 美元。減少的原因是總交易價值的下降。交易手續費收入是根據每筆交易的交易價值的一定百分比計算的。我們平台的總交易價值從2024年6月30日止六個月的約 8680 萬美元減少至 2025 年同一時期的約 6150 萬美元。我們交易量的下降主要是由於 2022 年下半年開始的針對我們股東的案件導致的銀行賬户凍結的持續負面影響。

(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) 營銷服務費用：營銷服務費用是我們為推廣和營銷客户的收藏品或藝術品而收取的費用。這些服務包括協助客户在我們的平台上列出和交易其收藏品/藝術品，主要包括對收藏品/藝術品的市場性進行諮詢和支持服務；評估收藏品/藝術品的市場價值和市場接受度；以及協助申請和法律保護，以便客户的收藏品/藝術品獲得在我們平台上上市的批准。對於相關履行義務可以在短時間內完成的營銷服務合同，公司在履行義務完成時確認相關收入。

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.

營銷服務協議還包括為客户的物品提供推廣服務，例如在中國知名的文化或藝術交流網站上投放廣告，提供線上和線下的營銷服務，包括與拍賣行的合作以及參加行業相關的展覽和博覽會。營銷服務費用是基於協商的固定費用，這取決於客户申請的上市會類型以及客户是否之前在其他平台上列出和銷售過其收藏品，而不是基於基礎收藏品、藝術品和商品的價值。營銷服務合同和費用在所有履行義務完成後確認。

Marketing service fees decreased by approximately

營銷服務費用減少了約

$66,000

66,000 美元

或

100.0%

from approximately

從2024年6月30日止六個月的約

$66,000

66,000 美元

for the six months ended June 30, 2024 to approximately

減少至 2025 年同一時期的約

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.

減少的原因是客户對營銷服務的需求下降，以促進其上市物品。

(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 技術支持服務費和代理推薦費。IT 技術支持費用是逐案協商的，並在相關服務根據合同的具體條款執行後確認。代理推薦費主要是指為某些交易者/代理提供諮詢和培訓服務所產生的收入。在培訓和諮詢完成後，這些合格的交易者/代理可以向潛在客户介紹我們的平台和服務，以便他們在我們這裏列出其收藏品和藝術品，收取費用或在我們的平台上推廣自己的產品。總其他收入從 2024 年同一時期的 56,000 美元（其中包括向相關方提供技術服務的 54,633 美元）增加了約 23,000 美元或 41.1%，增至 2025 年同一時期的 78,000 美元（其中包括向相關方提供技術服務的 0 美元）。增加的主要原因是我們在2025年6月30日止的六個月內提供了更多的技術服務。

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.

收入成本從2024年6月30日止六個月的約 20 萬美元（其中包括向相關方支付的 20,492 美元）減少了約 10 萬美元或 86.5%，降至 2025 年同一時期的約 21,000 美元（其中包括向相關方支付的 11 美元）。收入成本的減少主要是由於員工薪資減少了約 71,000 美元，系統費用減少了約 26,000 美元，以及倉儲費用減少了約 20,000 美元。倉儲費用是根據商品的上市價值的一定百分比收取的，倉儲費用的減少是由於產品的整體上市價值下降。

Gross Profit

毛利潤

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.

毛利潤從2024年6月30日止六個月的約 30 萬美元減少了約 20 萬美元或 59.0%，降至2025年6月30日止六個月的約 10 萬美元。2025 年和2024年6月30日止六個月的毛利率分別約為 85.4% 和 65.8%。

Selling and Marketing Expenses

銷售和營銷費用

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

下表列出了我們在所示期間的運營費用金額和百分比：


	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 日的六個月
	2025			2024		差異
	費用			%		費用		%		金額		%
銷售和營銷	$	(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 – 關聯方		-			0.0			(82,476	)		3.5			82,476		(100.0	)%
股票補償費用		(3,790,000	)		81.7			(573,000	)		24.1			(3,217,000	)	561.4	%
總運營費用	$	(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.

銷售費用從2024年6月30日的約 10 萬美元減少至 2025 年同一時期的約 2000 美元，減少約 10 萬美元，或 98.3%。減少的主要原因是由於新上市和第三方引入的交易者減少，我們支付的營銷費用減少了約 4 萬美元，以及由於銷售和營銷部門員工人數從 12 人減少到 1 人，導致的薪資費用減少約 8.1 萬美元。

General and Administrative Expenses

一般和行政費用

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.

我們的一般和行政費用從2024年6月30日的約 170 萬美元（包括約 8.2 萬美元支付給關聯方）減少至 2025 年同一時期的約 80 萬美元（包括約 0 美元支付給關聯方），減少約 90 萬美元，或 49.2%。一般和行政費用的減少主要是由於專業費用減少約 20 萬美元，辦公費用減少約 50 萬美元，折舊和攤銷費用減少約 10 萬美元，以及與旅行和會議相關的費用減少約 10 萬美元，因為由於 2025 年上半年業務和收入減少，我們的專業服務和管理需求減少。

Stock Compensation Expenses

股票補償費用

Our stock compensation expenses increased by approximately

我們的股票補償費用增加了約

$3.2 million

320 萬美元

, or

, 或

561.4%

from approximately

從2024年6月30日的約 60 萬美元增加至 2025 年同一時期的約 380 萬美元。增加的原因是根據 2021 年綜合股權計劃授予的約 200 萬美元的股票獎勵，以及根據 2025 年 1 月簽署的員工協議向我們的首席運營官發行的約 170 萬美元的優先股。

$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.

其他總收入從2024年6月30日的約 20 萬美元增加至 2025 年同一時期的約 70 萬美元，增加約 50 萬美元，或 235.3%。增加的主要原因是其他收入增加約 10 萬美元，包括辦公樓租金收入和中國酒類銷售收入，以及由於 2024 年 12 月處置 HKDAEx Limited 導致的無形資產減值損失減少約 40 萬美元。中國酒類的銷售預計不會成為公司的常規業務。

Provision for Income Taxes

所得税準備

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，我們的所得税準備為零。我們大部分收入（損失）來自我們 VIE 的子公司。由於持續虧損，我們還對我們 VIE 的淨經營虧損提供了 100% 的準備。

Net Loss

淨虧損

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.

我們的淨虧損從2024年6月30日的 190 萬美元增加約 190 萬美元，或 104.2%，至 2025 年同一時期的約 380 萬美元。此變化是上述討論變化的結果。

Foreign Currency Translation Adjustment

外幣翻譯調整

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).

外幣翻譯調整的變化主要是由於人民幣/港幣（我們運營實體的功能貨幣）與美元（報告貨幣）之間的匯率波動。

Basic and diluted loss per share

基本和稀釋每股虧損

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，基本和稀釋每股虧損分別為 0.19 美元和 0.28 美元，減少 30.8%。由於淨虧損，基本和稀釋股份被視為相同。

About Oriental Culture Holding LTD

關於東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 是一家在線收藏品和藝術品電子商務服務提供商，允許收藏家、藝術家、藝術經銷商和所有者接觸更廣泛的收藏品和藝術品投資者的藝術交易市場。通過其在香港的子公司，公司為各種收藏品、藝術品和某些商品的個人和機構客户提供交易便利，併為中國客户提供在線和離線的綜合營銷、存儲和技術維護服務。有關公司的更多信息，請訪問：www.ocgroup.hk。

Safe Harbor Statement

安全港聲明

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.

本新聞稿包含根據 1995 年《私人證券訴訟改革法案》定義的前瞻性聲明。前瞻性聲明包括有關計劃、目標、策略、未來事件或業績的聲明，以及基本假設和其他非歷史事實的聲明。當公司使用 “可能”、“將”、“打算”、“應該”、“相信”、“期望”、“預期”、“項目”、“估計” 或類似表達時，這些表達並不單純與歷史事項相關，而是在做出前瞻性聲明。前瞻性聲明並不保證未來的業績，並涉及可能導致實際結果與公司在前瞻性聲明中討論的預期有重大差異的風險和不確定性。這些聲明受到不確定性和風險的影響，包括但不限於以下內容：公司的目標和策略；公司的未來業務發展；財務狀況和經營結果；產品和服務的需求與接受度；聲譽和品牌；競爭和定價的影響；技術變化；政府法規；中國一般經濟和商業環境的波動，以及與上述任何內容相關的假設和公司向 SEC 提交的報告中包含的其他風險。因此，投資者被提醒不要對本新聞稿中的任何前瞻性聲明過度依賴。其他因素在公司向 SEC 提交的文件中進行了討論，相關文件可在 www.sec.gov 上查閲。公司沒有義務公開修訂這些前瞻性聲明，以反映此後發生的事件或情況。


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


東方文化控股有限公司及其子公司簡明合併資產負債表

	2025年6月30日			2024年12月31日
	（未經審計）
資產
流動資產
現金及現金等價物	$	38,780,420			$	17,068,272
限制性現金		-				6,475,274
短期投資		-				5,294,952
限制性投資		-				10,794,296
應收賬款，淨額		-				278
存貨		557,223				1,231,335
其他應收款和預付費用		1,095,126				1,073,244
其他應收款 - 關聯方		131,671				-
流動資產總計		40,564,440				41,937,651

物業和設備，淨額		8,526,054				8,647,932

其他資產
成本法投資		907,280				903,518
無形資產，淨額		1,463,382				1,546,565
其他資產總計		2,370,662				2,450,083

資產總計	$	51,461,156			$	53,035,666

負債和股東權益
流動負債
應付賬款	$	1,000,345			$	2,417,587
應付賬款 - 關聯方		11				502
遞延收入		98,054				78,427
其他應付款和應計負債		343,880				616,340
應付税款		13,038				13,498
租賃負債 - 流動		-				-
流動負債總計		1,455,328				3,126,354

負債總計		1,455,328				3,126,354

承諾和或有事項

股東權益
優先股，面值$0.00005，授權 100,000,000 股，2025年6月30日和2024年12月31日分別發行和流通 12,000,000 股和 0 股		600				-
普通股，面值$0.00025，授權 180,000,000 股，2025年6月30日和2024年12月31日分別發行 23,155,927 股和 20,491,340 股，流通 21,233,927 股和 18,569,340 股		5,784				5,118
庫存股，成本，2025年6月30日和2024年12月31日分別發行 1,922,000 股		(481	)			(481	)
額外實收資本		33,500,885				29,712,151
法定儲備		159,110				155,313
留存收益		18,424,609				22,252,747
累計其他綜合損失		(2,084,679	)			(2,215,536	)
股東權益總計		50,005,828				49,909,312

負債和股東權益總計	$	51,461,156			$	53,035,666

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

附帶的註釋是這些未經審計的簡明合併財務報表的組成部分。


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	)


東方文化控股有限公司及其子公司未經審計的中期簡明合併經營報表及綜合虧損

	截至 6 月 30 日的六個月
	2025			2024

營業收入：
淨收入	$	141,374			$	392,624
淨收入 - 關聯方		-				54,633
總營業收入		141,374				447,257

收入成本：（包括截至 2025 年和2024年6月30日的相關倉儲成本分別為$11 和$20,492）		(20,696	)			(152,802	)

毛利潤		120,678				294,455

營業費用：
銷售和市場營銷		(2,458	)			(142,039	)
一般和行政		(843,254	)			(1,576,008	)
一般和行政 - 關聯方		-				(82,476	)
股票補償費用		(3,790,000	)			(573,000	)
總營業費用		(4,635,712	)			(2,373,523	)

營業虧損		(4,515,034	)			(2,079,068	)

其他收入
短期投資收益		-				71,853
利息和投資收入		427,528				414,422
無形資產減值損失		-				(355,941	)
其他收入，淨額		263,165				75,662
總其他收入，淨額		690,693				205,996

税前虧損		(3,824,341	)			(1,873,072	)

所得税準備		-				-

淨虧損		(3,824,341	)			(1,873,072	)

其他綜合虧損
外幣翻譯調整		130,857				(192,302	)

綜合虧損	$	(3,693,484	)		$	(2,065,374	)

普通股加權平均數
基本和稀釋		20,070,022				6,800,280

每股虧損
基本和稀釋	$	(0.19	)		$	(0.28	)

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

附帶的説明是這些未經審計的簡明合併財務報表的重要組成部分。

東方文化控股有限公司公佈 2025 年上半年未經審計的財務業績 | OCG 股票新聞