Core Viewpoint - Hysan Development (00014.HK) announced the sale of a residential unit in the Bamboo Grove project for HKD 53.54 million, as part of its capital recycling plan aimed at optimizing its capital structure and redeploying capital into strategic areas [1] Group 1: Transaction Details - Hysan's wholly-owned subsidiary, Guangyun, has entered into an agreement to sell a residential unit to a buyer for HKD 53.54 million, effective October 24, 2025 [1] - The Bamboo Grove project consists of 6 residential buildings with a total of 345 residential units and 436 parking spaces, located in a prime area on Kennedy Road, Hong Kong [1] Group 2: Strategic Objectives - The sale is part of Hysan's capital recycling plan, which aims to achieve three main objectives: 1. Optimize the company's capital structure through deleveraging 2. Unlock the value of mature non-core residential assets 3. Redeploy capital into strategic focus areas of the company [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Hysan Development Company Limited 希 慎 興 業 有 限 公 司 （於香港註冊成立之有限公司） （股份代號：00014） 關連交易 出售竹林苑之住宅單位 董事會宣布，於 2025 年 10 月 24 日，廣運（本公司之全資附屬公司）作為賣方與買方訂立 協議，根據該協議的條款及條件，廣運同意向買方出售而買方同意向廣運購買該單位，代 價為 53,540,000 港元。 買方由獨立非執行董事張勇先生全資擁有。根據上市規則，買方因此為本公司的關連人士， 而根據上市規則第十四 A 章，簽訂該協議構成本公司之關連交易。 鑑於該出售事項的一項或多項適用百分比率高於0.1%而所有適用百分比率均低於5%，該出 售事項僅須遵守上市規則第十四A章項下公告及申報規定，並獲豁免獨立股東批准之規定。 緒言 董事會宣布，於 2025 年 10 月 24 日，廣運（本公司之全資附屬公司）作為賣方與買方訂 ...

Core Viewpoint - Hong Kong real estate stocks experienced significant gains towards the end of trading on October 20, with notable increases in share prices for several major companies [1] Company Summaries - Kowloon Development (01997.HK) saw a rise of 4.36%, reaching HKD 22.48 [1] - Hysan Development (00014.HK) increased by 3.01%, trading at HKD 16.09 [1] - Swire Properties (01972.HK) rose by 2.14%, with shares priced at HKD 21.92 [1] - New World Development (00017.HK) gained 1.36%, with a share price of HKD 7.43 [1]

Core Viewpoint - The Hong Kong real estate market is experiencing a positive shift, highlighted by a significant transaction involving Alibaba Group and Ant Group purchasing a commercial property for 6.6 billion HKD, marking the largest office sale in Hong Kong this year [1] Group 1: Market Reaction - Hong Kong real estate stocks saw an increase, with Wharf Real Estate Investment (01997) rising by 4.36% to 22.48 HKD, Hysan Development (00014) up by 3.01% to 16.09 HKD, Swire Properties (01972) increasing by 2.14% to 21.92 HKD, and New World Development (00017) gaining 1.36% to 7.43 HKD [1] Group 2: Transaction Details - On October 17, Alibaba Group and Ant Group announced their acquisition of the 13th floor of the One Island East building in Causeway Bay for 6.6 billion HKD, which serves as their headquarters in Hong Kong [1] - This transaction surpasses the previous record set in March when the Hong Kong Stock Exchange purchased the first phase of the Central Trading Plaza for 6.3 billion HKD, making it the largest office sale in Hong Kong this year [1] Group 3: Analyst Insights - JPMorgan released a report indicating that this large transaction will help stabilize the capitalization rate of Hong Kong's office market and reduce commercial real estate risks [1] - The report suggests that more leading companies from mainland China may be interested in purchasing office properties in Hong Kong for their regional or non-mainland headquarters [1] - The stabilization of Hong Kong's office capitalization rate is expected to benefit Hong Kong Land and Swire Properties, while the transaction may negatively impact Wharf Real Estate Investment due to the likelihood of Alibaba relocating from Times Square [1]

Core Viewpoint - Hong Kong's retail sales in August increased by 3.8% year-on-year to HKD 30.3 billion, marking the fourth consecutive month of growth, surpassing market expectations of 2% and the bank's forecast of 1% [1] Retail Sales Performance - The year-to-date retail sales decline narrowed to 1.9% for the first eight months, an improvement from the 2.6% decline in the first seven months [1] - The bank anticipates that retail sales for the full year may return to flat levels, primarily driven by an increase in visitor numbers, with mainland Chinese and long-haul travelers rising by 15% and 23% year-on-year, respectively [1] Sector Analysis - Luxury goods sales showed strong performance, attributed to increased traveler spending and a low base effect, while essential goods sales remained weak [1] - Companies such as Wharf Real Estate Investment (01997) and Hysan Development (00014) may benefit from this retail sales improvement, although there are concerns regarding rental pressure and increased shopping at mainland duty-free stores [1] - New World Development (00017) is expected to capture a larger market share in the Tsim Sha Tsui area [1]

Core Viewpoint - Hong Kong's retail sales in August increased by 3.8% year-on-year to HKD 30.3 billion, marking the fourth consecutive month of growth, surpassing market expectations of 2% and the bank's forecast of 1% [1] Retail Sales Performance - The year-to-date retail sales decline narrowed to 1.9% for the first eight months, an improvement from the 2.6% decline in the first seven months [1] - The bank anticipates that retail sales for the entire year may stabilize at a flat level, primarily driven by an increase in visitor numbers to Hong Kong [1] Visitor Impact - The increase in retail sales is significantly attributed to the rise in visitor numbers, with mainland Chinese and long-haul travelers growing by 15% and 23% year-on-year, respectively [1] - The month also saw several large-scale events that contributed to the retail sales boost [1] Sector Performance - Luxury goods sales showed strong performance, likely due to increased spending by travelers and a low base effect, while essential goods sales remained weak [1] - Companies such as Wharf Real Estate Investment (01997) and Hysan Development (00014) may benefit from this trend, although there are concerns regarding rental pressure and increased shopping at mainland duty-free stores [1] - New World Development (00017) is expected to capture a larger market share in the Tsim Sha Tsui area [1]

Core Viewpoint - Hysan Development Company Limited is actively selling residential units from its luxury project, Bamboo Grove, as part of its capital recycling plan aimed at optimizing its capital structure and redeploying capital into strategic areas [1][2] Group 1: Sales Agreements - Hysan's wholly-owned subsidiary, Guangyun, has entered into agreements to sell residential units to two buyers for a total consideration of HKD 133.62 million (approximately USD 17.1 million) [1] - Unit 1, located in Bamboo Grove, has a usable area of approximately 2,191 square feet and is sold for HKD 56.39 million [1] - Units 2 and 3, also in Bamboo Grove, have usable areas of approximately 1,451 square feet and 1,503 square feet, respectively, and are sold for a total of HKD 77.23 million [1] Group 2: Project Overview - Bamboo Grove is a residential project developed by Hysan Group, located in a prime area of Hong Kong, consisting of six residential buildings with a total of 345 residential units and 436 parking spaces [2] - The project is held by Hysan Group for leasing purposes, and since August 2025, the company has been selling units from two of the residential buildings in phases [2] - The sales are part of Hysan's capital recycling plan, which aims to leverage and optimize the company's capital structure, unlock value from mature non-core residential assets, and redeploy capital into strategic focus areas [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲 明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Hysan Development Company Limited 希 慎 興 業 有 限 公 司 鑑於該等出售事項單獨或合併計算的一項或多項適用百分比率高於0.1%但所有適用百分比 率均低於5%，該等出售事項僅須遵守上市規則第十四A章項下公告及申報規定，並獲豁免 獨立股東批准之規定。 緒言 （於香港註冊成立之有限公司） （股份代號：00014） 關連交易 出售竹林苑之住宅單位 董事會宣布，於 2025 年 10 月 3 日，廣運（本公司之全資附屬公司）作為賣方與買方分別 訂立協議，據此： 買方 A 由非執行董事利乾先生之配偶全資擁有。買方 B 為本公司主席利蘊蓮女士之兒子。 根據上市規則，買方 A 及買方 B 因此均為本公司的關連人士。故此根據上市規則第十四 A 章，簽訂該等協議構成本公司之關連交易。 董事會宣布，於 2025 年 10 月 3 日，廣運（本公司之全資附屬公司）作為賣方與買方分別訂 立協 ...

第 1 頁 共 10 頁 v 1.1.1 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 | 截至月份: | 2025年9月30日 | 狀態: | 新提交 | | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | 公司名稱: | 希慎興業有限公司 | | | | 呈交日期: | 2025年10月2日 | | | | I. 法定/註冊股本變動 | 不適用 | | | FF301 FF301 II. 已發行股份及/或庫存股份變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00014 | 說明 | 不適用 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,027,008,223 | | 0 | | 1,027,008,223 | | 增加 ...

Group 1 - The Hong Kong government is expected to announce its policy address next Wednesday, with low likelihood for the immediate launch of the "Home Purchase Fund" and no expectation for a nationwide plan in the short term [1] - The potential for further relaxation of investment restrictions for capital investors in luxury properties is considered moderate [1] - There is an expectation that the "multiple-entry" individual travel visa may be expanded to residents of other Greater Bay Area cities beyond Shenzhen [1] Group 2 - The new policy address is anticipated to benefit developers such as Henderson Land, Sun Hung Kai Properties, and Sino Land [1] - An increase in mainland tourists visiting Hong Kong is expected to support regional mall owners, including Wharf Real Estate Investment, Hysan Development, and New World Development [1] - Concerns over capital expenditure may negatively impact the development of North District for MTR, but could accelerate the reclamation of agricultural land, which is seen as positive for Henderson Land [1] - Progress in the inclusion of REITs in the mutual market access is expected to have a positive impact on Link REIT [1]