28/08/2026
【 𝐁𝐨𝐚𝐫𝐝𝐖𝐚𝐫𝐞 𝐀𝐧𝐧𝐨𝐮𝐧𝐜𝐞𝐬 𝟐𝟎𝟐𝟔 𝐈𝐧𝐭𝐞𝐫𝐢𝐦 𝐑𝐞𝐬𝐮𝐥𝐭𝐬 ✨】
𝐀𝐈 𝐚𝐧𝐝 𝐄𝐦𝐞𝐫𝐠𝐢𝐧𝐠 𝐁𝐂𝐈 𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐞𝐬 𝐀𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐞 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥𝐢𝐬𝐚𝐭𝐢𝐨𝐧 ● 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐈𝐓 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐆𝐫𝐨𝐰𝐭𝐡 𝐌𝐨𝐦𝐞𝐧𝐭𝐮𝐦
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(Hong Kong, 28 August 2026) — BoardWare Intelligence Technology Limited (“BoardWare” or, together with its subsidiaries, the “Group”; Stock Code: 1204.HK), a leading Enterprise IT solutions provider in the Greater Bay Area, announced its interim results for the six months ended 30 June 2026.
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During the first half of the year, the Group continued to advance its strategic development across IT solutions, artificial intelligence (“AI”), cybersecurity, brain-computer interface (“BCI”) and engineering intelligence, while driving the development, application and commercialisation of its proprietary products. The Group also continued to explore opportunities to apply emerging technologies across different scenarios.
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▌📊𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭𝐬
𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐝 𝐎𝐩𝐭𝐢𝐦𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐢𝐱; 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐈𝐓 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐢𝐧𝐭𝐚𝐢𝐧 𝐆𝐫𝐨𝐰𝐭𝐡
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During the period, the Group continued to provide Enterprise IT solutions as well as distribution and resale services to customers in Macau, Hong Kong and Chinese Mainland.
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▪ Revenue of the Group decreased from approximately HK$321.4 million for FP2025 to approximately HK$316.0 million for FP2026;
▪ Gross profit decreased from approximately HK$69.9 million for FP2025 to approximately HK$65.8 million for FP2026;
▪ Profit for the period increased from approximately HK$0.8 million for FP2025 to approximately HK$1.3 million for FP2026;
▪ Net profit margin increased from approximately 0.2% for the corresponding period last year to approximately 0.4%, representing an increase of approximately 0.2 percentage points as compared with the corresponding period last year;
▪ Basic earnings per Share attributable to the Shareholders increased from approximately HK0.16 cent for FP2025 to approximately HK0.25 cent for FP2026.
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▌📈𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐈𝐓 𝐒𝐨𝐥𝐮𝐭𝐢𝐨𝐧𝐬 𝐁𝐮𝐬𝐢𝐧𝐞𝐬𝐬 𝐌𝐚𝐢𝐧𝐭𝐚𝐢𝐧𝐬 𝐆𝐫𝐨𝐰𝐭𝐡
𝐄𝐱𝐩𝐚𝐧𝐬𝐢𝐨𝐧 𝐃𝐫𝐢𝐯𝐞𝐧 𝐛𝐲 𝐇𝐢𝐠𝐡-𝐕𝐚𝐥𝐮𝐞 𝐂𝐨𝐧𝐭𝐫𝐚𝐜𝐭𝐬 𝐚𝐧𝐝 𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭
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Revenue from Enterprise IT solutions increased from approximately HK$170.8 million for FP2025 by approximately HK$53.5 million, or 31.3%, to approximately HK$224.3 million for FP2026.
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By business segment, revenue from Professional IT services increased by approximately HK$26.2 million, or 21.9%; revenue from Managed services and lease income from IT equipment increased by approximately HK$9.9 million, or 40.7%; while revenue from IT maintenance and consultancy services increased by approximately HK$17.5 million, or 65.1%, with growth recorded across all major business segments.
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The increase in revenue from Professional IT services was mainly attributable to the Group’s fulfilment of its obligations under certain high-value contracts awarded towards the end of last year. Revenue recognised from these contracts accounted for a substantial portion of the Group’s revenue from Professional IT services, and the Group expects these contracts to continue generating substantial revenue in the second half of FP2026.
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Meanwhile, the increase in revenue from Managed services and IT maintenance and consultancy services was mainly attributable to the Group’s continued investment in these businesses, which contributed to the securing of multiple contracts from government departments towards the end of last year. In addition, the Group renewed a private cloud-as-a-service agreement with one of the six gaming concessionaires in Macau, which also contributed to the growth in revenue from Managed services and lease income from IT equipment during FP2026.
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▌⚙️𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧 𝐚𝐧𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨 𝐓𝐚𝐤𝐢𝐧𝐠 𝐒𝐡𝐚𝐩𝐞
𝐌𝐮𝐥𝐭𝐢𝐩𝐥𝐞 𝐏𝐫𝐨𝐩𝐫𝐢𝐞𝐭𝐚𝐫𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐏𝐫𝐨𝐠𝐫𝐞𝐬𝐬𝐢𝐧𝐠 𝐓𝐨𝐰𝐚𝐫𝐝𝐬 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥𝐢𝐬𝐚𝐭𝐢𝐨𝐧
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The year 2026 is widely regarded as the “Year Zero” for AI Agents. AI technology is evolving from discriminative classification and generative dialogue into Agentic AI, which possesses autonomous perception, planning and ex*****on capabilities. AI agents may increasingly assist employees in performing routine and specialised tasks. Enterprises are increasingly exploring the deployment of AI agents in production environments, and that multi-agent collaboration may become an important capability for organisations adopting AI-driven operating models. Meanwhile, BCI technology is rapidly evolving from experimental signal translation into dynamic bidirectional systems. In the non-invasive domain, BCI technology is increasingly being explored for integration into wearable devices such as smart glasses. The continued development of such technologies may broaden the potential application of natural human-computer interaction.
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During the period, BoardWare continued to advance the R&D and application of core technologies including AI, cybersecurity and BCI, while progressing product development, functional testing and market validation. Several proprietary products have gradually progressed towards commercialisation.
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🔸𝐄𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐢𝐧𝐠 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐜𝐞 𝐄𝐦𝐩𝐨𝐰𝐞𝐫𝐢𝐧𝐠 𝐄𝐧𝐭𝐞𝐫𝐩𝐫𝐢𝐬𝐞 𝐈𝐓 𝐚𝐧𝐝 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐈𝐧𝐭𝐞𝐥𝐥𝐢𝐠𝐞𝐧𝐭 𝐔𝐩𝐠𝐫𝐚𝐝𝐞𝐬 𝐭𝐨 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐌𝐨𝐝𝐞𝐥𝐬: As enterprises accelerate digitalisation and demand for IT solutions continues to increase, the Group continued to move beyond traditional system integration by embedding “engineering intelligence” into its offerings. Keeping pace with the forefront of technological development, the Group has led its team in executing strategic initiatives in the field of artificial intelligence and independently developing a full-stack AI technology system encompassing underlying frameworks, application platforms and end-user devices.
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In 2025, the Group successfully launched two core platforms — BoardWare AI Unify Framework and TerraMind AI Agent Platform — empowering the entire process from hardware resource orchestration to enterprise-level intelligent applications and helping clients transition from passive IT infrastructure to predictive, intelligent operations. As enterprises shift from a computing power arms race to focusing on application advantages, the Group will continue to enhance its relevant platforms and technological capabilities.
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At the same time, the Group continued to enhance its Professional IT services, Managed services, and IT maintenance and consultancy services with AI-driven analytics, providing proactive problem-solving and operational optimisation for customers in Macau, Hong Kong and Chinese Mainland. The Group will also continue to benefit from substantial investments by gaming concessionaires in non-gaming and smart venue technologies, as well as broader digital transformation across all sectors.
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🔸𝐀𝐈 𝐚𝐧𝐝 𝐁𝐂𝐈 𝐀𝐜𝐜𝐞𝐥𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐬𝐚𝐭𝐢𝐨𝐧 — 𝐅𝐨𝐮𝐫 𝐂𝐨𝐫𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐋𝐢𝐧𝐞𝐬 𝐏𝐫𝐨𝐠𝐫𝐞𝐬𝐬𝐢𝐧𝐠: The Group continued to focus on the R&D of non-invasive BCI and AI technologies, with the aim of developing human-centric solutions to support different application needs in both enterprise and consumer markets. Dedicated R&D teams with specialised expertise have been established to advance the Group's proprietary technologies into products under development and early stages of commercialisation.
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During the period, the Group expanded its product portfolio with the addition of the BarcoOne Dynamic Agent Collaboration Platform. Accordingly, the Group continued to advance four core product lines, namely BCI AI Glasses, Stager Digital Human, TerraMind, and BarcoOne Dynamic Agent Collaboration Platform.
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𝐁𝐚𝐫𝐜𝐨𝐬𝐞𝐧𝐬𝐞 𝐀𝐈 𝐆𝐥𝐚𝐬𝐬𝐞𝐬👓 represent the Group's first-generation BCI-enabled AI glasses. Designed as a fully functional wearable device for daily use, the product incorporates a first-person-view camera, an audio system and AI-powered voice interaction. The product also incorporates BCI-based attention monitoring and forehead bio-signal control capabilities.
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As at the date of this announcement, the development of the product prototype has been completed, together with functional testing of the EVT3 prototype. The product is intended for the global business-to-consumer market, with an initial focus on Europe and North America.
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𝐁𝐚𝐫𝐜𝐨𝐬𝐞𝐧𝐬𝐞 𝐀𝐈 𝐆𝐥𝐚𝐬𝐬𝐞𝐬 𝐏𝐫𝐨👓 is an upgraded multimodal sensing model built upon the Group's existing BCI-enabled AI glasses platform. The product incorporates multi-channel electroencephalography (“EEG”), electromyography (“EMG”), electrocardiography (“ECG”) and blood oxygen sensing technologies.
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As at the date of this announcement, the Group has completed the development of a functional prototype incorporating multimodal BCI capabilities, as well as the integration and technical validation of multi-channel EEG, EMG, ECG and blood oxygen sensors.
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𝐁𝐚𝐫𝐜𝐨𝐎𝐧𝐞🖥️ is an enterprise-grade Dynamic Agent Collaboration Platform designed to support applications across a broad range of end-user devices. The platform adopts a central Orchestrator and multi-agent network architecture, enabling the dynamic generation, on-demand scheduling and collaborative evolution of AI agents, thereby providing a stable, efficient and scalable operating environment for enterprise applications and consumer use cases.
As at the date of this announcement, the Group has completed the architectural restructuring and standardised development of the underlying BarcoOne platform.
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𝐒𝐭𝐚𝐠𝐞𝐫 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐇𝐮𝐦𝐚𝐧🤖 is the Group's virtual digital human solution, combining 3D modelling, computer graphics and AI technologies to create digital avatars for enterprise applications. The solution is designed to enhance digital interaction experiences through more personalised virtual interfaces.
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The product is currently being prepared for enterprise-level customisation and deployment. The Group has engaged with several prospective customers in the cultural tourism and government sectors in Macau and Mainland Chinese and expects to secure orders in the second half of the year.
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𝐓𝐞𝐫𝐫𝐚𝐌𝐢𝐧𝐝🚀 is the Group's AI agent ecosystem, comprising a suite of tools and platforms designed to automate knowledge-based tasks and enhance productivity across enterprise and consumer applications.
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𝐓𝐞𝐫𝐫𝐚𝐌𝐢𝐧𝐝 𝐀𝐠𝐞𝐧𝐭 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 is an enterprise-grade low-code/no-code platform for building customised AI assistants. During the period, TerraMind Agent Platform was launched and became operational. A basic version of the evaluation module was completed and delivered to users, while the Group entered into discussions with potential customers regarding commercial arrangements. In addition, 𝐂𝐨𝐦𝐩𝐮𝐭𝐞𝐫 𝐔𝐬𝐞 and 𝐓𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦 𝐀𝐈 continued to undergo functional development and optimisation. Transform AI is an intelligent form processing and validation system designed to automate the conversion of paper-based documents into structured digital data. During the period, the Group secured an order from a water utility company and was in commercial discussions with several prospective government department customers.
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🔸𝐂𝐲𝐛𝐞𝐫𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐲 𝐏𝐚𝐫𝐚𝐝𝐢𝐠𝐦 𝐒𝐡𝐢𝐟𝐭; 𝐒𝐭𝐫𝐞𝐧𝐠𝐭𝐡𝐞𝐧𝐢𝐧𝐠 𝐈𝐝𝐞𝐧𝐭𝐢𝐭𝐲 𝐚𝐧𝐝 𝐀𝐜𝐜𝐞𝐬𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭: In response to the global shift from “intrusion” to “login”, the Group is strengthening its cybersecurity portfolio and developing solutions addressing the new attack surfaces created by Agentic AI and the proliferation of unmanaged AI agents.
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Considering that identity verification has become the central battleground in 2026, the Group is focused on helping clients build robust identity and access management frameworks and deploy AI-driven threat intelligence to proactively defend against sophisticated, AI-powered attacks.
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As autonomous AI agents pe*****te enterprise operations, traditional reactive blocking models are no longer sufficient to counter machine-speed attacks. Autonomous defense systems will play a critical role in combating AI-driven identity attacks, data poisoning and quantum risks. This proactive stance is essential for protecting clients' critical assets in an increasingly complex threat environment.
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▌🎫𝐏𝐨𝐥𝐢𝐜𝐲 𝐚𝐧𝐝 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬
𝐂𝐨𝐧𝐭𝐢𝐧𝐮𝐞𝐝 𝐑𝐞𝐥𝐞𝐚𝐬𝐞 𝐨𝐟 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐫𝐨𝐦 𝐌𝐚𝐜𝐚𝐮-𝐇𝐞𝐧𝐠𝐪𝐢𝐧 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧
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The Macau SAR Government is proactively driving economic diversification through landmark policies, creating a fertile environment for technology enterprises.
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In alignment with the national “15th Five-Year Plan”, the Macau Government announced in 2026 the establishment of a Government Guidance Fund, with the aim of reaching a total size of MOP20 billion together with social capital. The Fund will strategically invest in emerging industries, industrial transformation and upgrading projects, technology commercialisation programs and tech start-ups.
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As a certified “Key Technology Enterprise” and recipient of the “Medal of Merit – Industry and Commerce”, the Group is ideally positioned to leverage this Fund to accelerate its R&D and expansion plans.
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At the same time, Macau is comprehensively advancing the “1+4” strategy for appropriate economic diversification. In the first half of 2026, high tech industry projects in Macau recorded multiple fold growth. The “First-Store Economy Scheme” is actively attracting international brands with new business formats, indirectly boosting demand for the sophisticated IT and AI solutions provided by the Group.
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The “Macau Platform + Hengqin Space” model is also gaining tangible momentum. In 2026, the Guangdong-Macau In-Depth Cooperation Zone in Hengqin was selected as one of the first national pilots for international cooperation in the data sector. The Guangdong Pilot Free Trade Zone issued its negative list for cross-border data transfers, while Hengqin clarified a convenient “use first report afterwards” pathway, significantly reducing the compliance costs and time required for enterprises to conduct cross-border data transfers.
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The policy breakthroughs in cross-border data flow are a game-changer that will create additional innovative business scenarios for BoardWare.
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The Group's wholly-owned subsidiary in Hengqin, BoardWare Information System (Zhuhai) Limited, has been certified as a “Specialized, Sophisticated, and Innovative SME” and will serve as a key ex*****on arm for the new model.
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The Group will actively develop cross-border data services, leveraging Hengqin's computing power and the Greater Bay Area's rich application scenarios to create a unique value proposition for clients requiring secure, compliant and high-speed data processing across borders, while supporting the Hengqin Guangdong-Macau In-Depth Cooperation Zone in building an international digital trade hub.
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▌🎗️𝐂𝐡𝐚𝐨 𝐊𝐚 𝐂𝐡𝐨𝐧: 𝐃𝐞𝐞𝐩 𝐓𝐞𝐜𝐡𝐧𝐢𝐜𝐚𝐥 𝐄𝐱𝐩𝐞𝐫𝐭𝐢𝐬𝐞 𝐂𝐨𝐦𝐛𝐢𝐧𝐞𝐝 𝐰𝐢𝐭𝐡 𝐏𝐨𝐥𝐢𝐜𝐲 𝐓𝐚𝐢𝐥𝐰𝐢𝐧𝐝𝐬
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Mr. Matthew CHAO, Chairman and Chief Executive Officer of BoardWare, stated: “Looking ahead, BoardWare will continue to capitalise on the opportunities arising from Macau's appropriate economic diversification and the ‘1+4’ industrial policies, while fully leveraging the complementary advantages of Macau and Hengqin.
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The Group will focus on its core areas of IT solutions, AI, BCI and cybersecurity, accelerate technological R&D and product commercialisation, and deepen the synergistic development of the ‘Macau Platform + Hengqin Space’ model.
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We will actively capture new opportunities arising from cross-border data flows and the development of the technology industry, while gradually expanding into Chinese Mainland and overseas markets, further translating our technological capabilities into practical applications and commercial value.”
