Core Viewpoint - Shanghai Electric has terminated its plan to acquire 66.4% of K-Electric Limited in Pakistan, a deal that had been in planning for over nine years, and announced a new investment of 6 billion yuan in construction projects [2][5]. Group 1: Termination of Acquisition - The company announced the termination of the acquisition of 18.336 billion shares of K-Electric, which was originally valued at 1.77 billion USD [2][5]. - The decision was made due to the failure of the counterparty to meet the closing conditions and changes in the business environment in Pakistan, which no longer aligned with the company's international development strategy [5][6]. - The termination of the acquisition is not expected to have a significant impact on the company's operations or financial status [6]. Group 2: New Investment Projects - Shanghai Electric has approved investments in two new projects: the Fengxian No. 1 offshore photovoltaic project and a 400,000 kW wind power project in Mudanjiang, Heilongjiang, with total investments not exceeding 3.78 billion yuan and 2.26 billion yuan, respectively [7][8]. - The Fengxian No. 1 offshore photovoltaic project will have a capacity of 500,000 kW and is part of Shanghai's first batch of offshore photovoltaic pilot projects [8]. - The company aims to finance these projects with 20% equity and the remaining 80% through loans [8].

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8月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 大中華控股(香港)有限公司 | | | 呈交日期: | 2025年9月2日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 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) | 00021 | | 說明 | | | | | | | | | 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 | | | | 3,975,233,406 | | 0 | | 3,975,233,406 | | 增加 / ...

Core Insights - The company reported a revenue of HKD 26.026 million for the six months ending June 30, 2025, representing a year-on-year increase of 402.4% [1] - The loss attributable to shareholders was HKD 43.586 million, compared to a profit of HKD 8.121 million in the same period last year [1] - The basic loss per share was HKD 0.011 [1] - The increase in revenue was primarily due to a rise in the delivery area of property sales during the period [1]

Core Viewpoint - The company reported a significant increase in revenue but also faced a substantial loss compared to the previous year [1] Financial Performance - Revenue for the six months ending June 30, 2025, was HKD 26.026 million, representing a year-on-year growth of 402.4% [1] - The company recorded a loss attributable to shareholders of HKD 43.586 million, contrasting with a profit of HKD 8.121 million in the same period last year [1] - Basic loss per share was HKD 0.011 [1] Operational Highlights - The increase in revenue was primarily due to a rise in the delivery area of property sales during the period [1]

[Interim Condensed Consolidated Statement of Comprehensive Income](index=1&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Comprehensive%20Income) For H1 2025, the company reported a net loss of HKD 43.59 million, primarily due to exchange losses, despite significant revenue growth [For the Six Months Ended June 30, 2025](index=1&type=section&id=For%20the%20Six%20Months%20Ended%20June%2030%2C%202025) For the six months ended June 30, 2025, the company turned from profit to loss, recording a net loss of HKD 43,586 thousand, primarily due to significant exchange losses despite revenue growth Key Data from Interim Condensed Consolidated Statement of Comprehensive Income | Metric | 2025 (HKD thousands) | 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Revenue | 26,026 | 5,180 | 402.4% increase | | Gross Profit | 7,484 | 3,179 | 135.4% increase | | Net Exchange (Loss) Gain | (27,249) | 19,386 | Turned from gain to loss | | (Loss) Profit Before Tax | (37,208) | 9,349 | Turned from profit to loss | | (Loss) Profit for the Period | (43,586) | 8,121 | Turned from profit to loss | | (Loss) Earnings Per Share Attributable to Owners of the Company | (1.10) HK cents | 0.20 HK cents | Turned from profit to loss | | Total Comprehensive Income (Loss) for the Period | 5,306 | (31,957) | Turned from loss to income | | Exchange Differences Arising from Translation of Overseas Operations | 48,892 | (40,078) | Turned from loss to gain | [Interim Condensed Consolidated Statement of Financial Position](index=3&type=section&id=Interim%20Condensed%20Consolidated%20Statement%20of%20Financial%20Position) As of June 30, 2025, total assets and net assets increased, but net current liabilities expanded, indicating increased short-term solvency pressure [As at June 30, 2025](index=3&type=section&id=As%20at%20June%2030%2C%202025) As of June 30, 2025, total assets and net assets increased, but net current liabilities expanded, indicating increased short-term solvency pressure Key Data from Interim Condensed Consolidated Statement of Financial Position | Metric | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Total Non-Current Assets | 1,324,870 | 1,283,992 | 3.18% increase | | Total Current Assets | 812,807 | 801,867 | 1.36% increase | | Total Current Liabilities | 1,174,668 | 1,132,326 | 3.74% increase | | Net Current Liabilities | (361,861) | (330,459) | Loss widened by 9.50% | | Net Assets | 809,080 | 803,774 | 0.66% increase | | Total Equity | 809,080 | 803,774 | 0.66% increase | [Notes to the Interim Condensed Consolidated Financial Statements](index=5&type=section&id=Notes%20to%20the%20Interim%20Condensed%20Consolidated%20Financial%20Statements) Provides detailed explanations of the Group's accounting policies, financial performance, and position [1. Company Information and Basis of Preparation](index=5&type=section&id=1.%20Company%20Information%20and%20Basis%20of%20Preparation) The company primarily engages in property development and investment, with interim financial statements prepared under HKAS 34 - The Group primarily engages in **property development and investment**[8](index=8&type=chunk) - Interim financial statements are prepared in accordance with the **HKEX Listing Rules** and **HKAS 34** issued by the HKICPA[8](index=8&type=chunk) - Financial statements are prepared on a **historical cost basis**, with certain investment properties measured at **fair value**, and presented in **HKD**[8](index=8&type=chunk) [2. Changes in Accounting Policies](index=6&type=section&id=2.%20Changes%20in%20Accounting%20Policies) New/revised HKFRS accounting standards were adopted this period, but they had no significant impact on the Group's financials - **HKAS 21 (Revised) "Lack of Exchangeability"** was adopted for the first time this period[12](index=12&type=chunk) - The adoption of new/revised HKFRS accounting standards had **no significant impact** on the Group's results or financial position for the current and prior accounting periods[12](index=12&type=chunk) [3. Operating Segment Information](index=6&type=section&id=3.%20Operating%20Segment%20Information) The Group has a single reportable segment, property development and investment in China, thus no operating segment information is presented - The Group has a **single reportable segment**, which is property development and investment in China[13](index=13&type=chunk) - Due to resource integration and lack of separate operating segment financial information, **no operating segment information is presented**[13](index=13&type=chunk) [4. Revenue and Other Income and Gains](index=7&type=section&id=4.%20Revenue%20and%20Other%20Income%20and%20Gains) Total revenue significantly increased to HKD 26.03 million, primarily driven by property sales, which were absent in the prior period Analysis of Revenue and Other Income and Gains | Category | 2025 (HKD thousands) | 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Property Sales | 20,724 | – | New revenue | | Property Management Income | 4,694 | 4,390 | 6.92% increase | | Gross Rental Income | 608 | 790 | 23.04% decrease | | Total Revenue | 26,026 | 5,180 | 402.43% increase | | Bank Interest Income | 18 | 224 | 91.96% decrease | | Total Other Income and Gains | 120 | 595 | 79.83% decrease | [5. Finance Costs](index=7&type=section&id=5.%20Finance%20Costs) Total finance costs decreased to HKD 545 thousand, mainly due to reduced interest on bills payable Analysis of Finance Costs | Category | 2025 (HKD thousands) | 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Interest on Lease Liabilities | 56 | 38 | 47.37% increase | | Interest on Loan from a Major Shareholder | 74 | 75 | 1.33% decrease | | Interest on Bills Payable | 415 | 525 | 21.00% decrease | | Total Finance Costs | 545 | 638 | 14.58% decrease | [6. (Loss) Profit Before Tax](index=8&type=section&id=6.%20%28Loss%29%20Profit%20Before%20Tax) The Group recorded a loss before tax of HKD 37.21 million, primarily impacted by cost of properties sold and depreciation Deductions from (Loss) Profit Before Tax | Item | 2025 (HKD thousands) | 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Total Staff Costs | 8,911 | 9,558 | 6.8% decrease | | Cost of Properties Sold | 16,111 | – | New cost | | Depreciation of Right-of-Use Assets | 1,120 | 851 | 31.61% increase | [7. Income Tax Expense](index=8&type=section&id=7.%20Income%20Tax%20Expense) Total income tax expense significantly increased to HKD 6.38 million, mainly due to China Land Appreciation Tax - No provision for **Hong Kong profits tax** and **China corporate income tax** was made due to the Group incurring tax losses[18](index=18&type=chunk) Analysis of Income Tax Expense | Category | 2025 (HKD thousands) | 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | China Land Appreciation Tax | 6,378 | 1,228 | 419.38% increase | | Total Income Tax Expense for the Period | 6,378 | 1,228 | 419.38% increase | [8. Dividends](index=9&type=section&id=8.%20Dividends) The Board does not recommend an interim dividend for the six months ended June 30, 2025 and 2024 - The Board does not recommend the payment of an **interim dividend** for the six months ended June 30, 2025 and 2024[20](index=20&type=chunk) [9. (Loss) Earnings Per Share Attributable to Owners of the Company](index=9&type=section&id=9.%20%28Loss%29%20Earnings%20Per%20Share%20Attributable%20to%20Owners%20of%20the%20Company) Basic and diluted loss per share was 1.10 HK cents, a shift from profit to loss compared to the prior period Per Share (Loss) Earnings Calculation Data | Metric | 2025 (Unaudited) | 2024 (Unaudited) | Change | | :--- | :--- | :--- | :--- | | (Loss) Profit for the Period Attributable to Owners of the Company (HKD millions) | (43.6) | 8.1 | Turned from profit to loss | | Weighted Average Number of Ordinary Shares in Issue (million shares) | 3,975 | 3,975 | No change | | Basic and Diluted (Loss) Earnings Per Share (HK cents per share) | (1.10) | 0.20 | Turned from profit to loss | - As there were **no dilutive potential ordinary shares** for the six months ended June 30, 2025 and 2024, the calculation of diluted (loss) earnings per share is the same as basic (loss) earnings per share[21](index=21&type=chunk) [10. Trade Receivables](index=9&type=section&id=10.%20Trade%20Receivables) Total trade receivables decreased to HKD 2.01 million, with strict control, no significant credit risk, and no impairment provision - Trade receivables primarily represent proceeds from **property sales** and **property management fees receivable**, with no credit period usually granted[22](index=22&type=chunk) - The Group has **no significant concentration of credit risk** and holds no collateral or other credit enhancements for trade receivable balances[22](index=22&type=chunk) Aging Analysis of Trade Receivables | Aging | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Within 30 days | 863 | 1,804 | 52.16% decrease | | 31 to 60 days | 25 | 22 | 13.64% increase | | 61 to 90 days | 27 | 24 | 12.50% increase | | Over 90 days | 1,095 | 994 | 10.16% increase | | Total | 2,010 | 2,844 | 29.39% decrease | - Based on **HKFRS 9**, the Group's assessment of expected credit losses is **0.1%**, considered immaterial, thus **no loss allowance** has been made[24](index=24&type=chunk) [11. Trade Payables](index=10&type=section&id=11.%20Trade%20Payables) Total trade payables decreased to HKD 22.30 million, mainly due to a reduction in payables over 90 days old Aging Analysis of Trade Payables | Aging | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Within 30 days | 417 | 253 | 64.82% increase | | 31 to 60 days | 79 | 347 | 77.23% decrease | | 61 to 90 days | 308 | 817 | 62.30% decrease | | Over 90 days | 21,496 | 23,894 | 10.04% decrease | | Total | 22,300 | 25,311 | 11.90% decrease | [Management Discussion and Analysis](index=11&type=section&id=Management%20Discussion%20and%20Analysis) Provides an overview of the Group's operational performance, business activities, financial position, and future outlook [Performance](index=11&type=section&id=Performance) Turnover significantly increased by 402% to HKD 26.03 million, but a loss of HKD 43.59 million was recorded, primarily due to exchange losses - The Group's turnover was approximately **HKD 26.03 million**, an increase of approximately **402%** compared to the same period last year, mainly due to increased delivered area from property sales during the period[26](index=26&type=chunk) - Loss attributable to owners of the Company was approximately **HKD 43.59 million**, compared to a profit of approximately HKD 8.12 million in the same period last year, primarily due to **exchange losses of approximately HKD 27.25 million** arising from the translation of the Group's financial liabilities during the period[26](index=26&type=chunk) [Business Review](index=11&type=section&id=Business%20Review) The Group's property development and investment business involves various projects in China, with varying stages of development, sales, and legal issues [Property Development and Investment Business](index=11&type=section&id=Property%20Development%20and%20Investment%20Business) The Group's property development and investment business is primarily focused in China, encompassing various resort, residential, and commercial complex projects - The Group is primarily engaged in **property development and investment business**, focused in China[27](index=27&type=chunk) [Jinliwan Project](index=11&type=section&id=Jinliwan%20Project) The Jinliwan resort project, with a total GFA of 430,000 sqm, is being developed in two phases, with Phase I obtaining pre-sale permits - The Jinliwan project has a total gross floor area of approximately **430,000 square meters** and is being developed in **two phases**[27](index=27&type=chunk) - Phase I properties have obtained **pre-sale permits**, and the sales center and showroom are about to open[27](index=27&type=chunk) - Construction plans for Phase II properties are currently under review by the relevant authorities in the **Shenshan Special Cooperation Zone**[27](index=27&type=chunk) [Tanghai County Project](index=12&type=section&id=Tanghai%20County%20Project) The Tanghai County project faces potential planning revisions due to its designation as a nature reserve, despite construction progress - The Tanghai County project has completed **piling for urban residences** and **clubhouse construction phases**, as well as basic construction for **Phase II villas**[28](index=28&type=chunk) - The local government has designated the project area in Tanghai County as a **nature reserve**, which may require the company to **revise its original plans**, and discussions with the local government are ongoing[28](index=28&type=chunk) [Daya Bay Project](index=12&type=section&id=Daya%20Bay%20Project) The Daya Bay project generated approximately HKD 610,000 in rental income, a decrease from the prior year - The Daya Bay project, Oriental New World Tower, is a **mixed-use property development** with a total gross floor area of approximately **69,171.7 square meters**[29](index=29&type=chunk) - For the six months ended June 30, 2025, rental income from the mall and parking lot was approximately **HKD 610,000**, a decrease from HKD 790,000 in the same period last year[29](index=29&type=chunk) [Shanwei Project](index=13&type=section&id=Shanwei%20Project) The Shanwei project includes Jinbaocheng and Honghaiwan, with Jinbaocheng contributing revenue and Honghaiwan facing legal disputes [Jinbaocheng Project](index=13&type=section&id=Jinbaocheng%20Project) The Jinbaocheng project has commenced sales and pre-sales for its residential phases, contributing approximately HKD 20.72 million in revenue - Sales and pre-sales for **Phase I, Phase II, and Phase III residential units** of the Jinbaocheng project have commenced[31](index=31&type=chunk) - As of June 30, 2025, property sales from the Jinbaocheng project of approximately **HKD 20.72 million** have been recognized as revenue[31](index=31&type=chunk) - As of June 30, 2025, approximately **HKD 59 million** received from pre-sales of the Jinbaocheng project has been recognized as contract liabilities[31](index=31&type=chunk) [Honghaiwan Project](index=13&type=section&id=Honghaiwan%20Project) The Honghaiwan project is suspended and involved in legal proceedings, with a petition for retrial submitted to the Supreme People's Court - The Honghaiwan project is currently **suspended from development**, and the Company is evaluating its positioning[31](index=31&type=chunk) - The Honghaiwan project is involved in **legal proceedings with a contractor**, and the High Court has ruled that the Group must pay the contractor a total of approximately **RMB 16.7 million**[32](index=32&type=chunk) - The Group has submitted a **written petition for retrial** to the Supreme People's Court of the People's Republic of China, and the case is awaiting hearing[32](index=32&type=chunk) [Heqing Project](index=14&type=section&id=Heqing%20Project) The Heqing project is completed, with the Company and Greenland Hong Kong each holding 50% equity; the Company has sued the associate for a shareholder loan - The Heqing project has been completed, with the Company and **Greenland Hong Kong** each holding **50% equity** in the project[34](index=34&type=chunk) - The Company has initiated legal proceedings against the associate for a **shareholder loan of approximately RMB 123.9 million**[34](index=34&type=chunk) - The court ruled that the case should be governed by **Hong Kong law**, and the Company is seeking legal advice from Hong Kong lawyers[35](index=35&type=chunk) [Connected Transaction - Property Lease Agreements](index=15&type=section&id=Connected%20Transaction%20-%20Property%20Lease%20Agreements) The Company renewed property lease agreements with Greater China International and its subsidiaries on April 1, 2025, for two years, constituting a one-off connected transaction - The Company renewed property lease agreements with **Huitong China, Greater China (Huizhou), and Greater China (Shanwei)** on **April 1, 2025**, for a period of **two years**[36](index=36&type=chunk) - Greater China International is indirectly wholly-owned by **Mr. Wong Sai Chung**, an executive director, controlling shareholder, and Chairman of the Group, and these transactions constitute a **one-off connected transaction**[37](index=37&type=chunk) [Business Outlook](index=16&type=section&id=Business%20Outlook) Facing challenges in China's property sector, the Group will adjust development and sales schedules, focus on high-end commercial and tourism properties, and seek cost-effective investment opportunities to diversify income - The China property development industry faces **significant difficulties and uncertainties**, and the Group will adjust its development and sales schedules according to market conditions[38](index=38&type=chunk) - The Group's business and future strategy will continue to focus on **mid-to-high-end commercial and tourism property development and investment**[38](index=38&type=chunk) - The Group will continue to seek **high-quality and cost-effective investment opportunities** to enhance investment returns and gradually diversify income sources[38](index=38&type=chunk) [Liquidity and Financial Resources](index=16&type=section&id=Liquidity%20and%20Financial%20Resources) Bank balances and cash decreased, and total current liabilities increased, leading to expanded net current liabilities and a slight rise in the gearing ratio Key Data on Liquidity and Financial Resources | Metric | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Bank Balances and Cash | 13,670 | 32,760 | 58.25% decrease | | Total Current Assets | 812,810 | 801,870 | 1.36% increase | | Total Current Liabilities | 1,174,670 | 1,132,330 | 3.74% increase | | Gearing Ratio | 2.9% | 2.5% | 0.4 percentage point increase | [Capital Commitments](index=17&type=section&id=Capital%20Commitments) Total contracted but unprovided capital commitments increased to approximately HKD 414.36 million, mainly for property construction and development, and loan contributions to an associate Total Capital Commitments | Metric | June 30, 2025 (HKD thousands) | December 31, 2024 (HKD thousands) | Change | | :--- | :--- | :--- | :--- | | Total Capital Commitments | 414,360 | 398,810 | 3.90% increase | | Construction and Development of Properties | 204,870 | 196,330 | 4.35% increase | | Loan Contribution to an Associate | 209,490 | 202,480 | 3.46% increase | [Contingent Liabilities](index=17&type=section&id=Contingent%20Liabilities) Mortgage loan guarantees for buyers increased to approximately HKD 174.56 million, not recognized as liabilities due to sufficient underlying property value - The Group has provided guarantees of approximately **HKD 174.56 million** to financial institutions for certain property mortgage loans granted to purchasers[41](index=41&type=chunk) - The Directors believe that in the event of default by purchasers, the **net realizable value of the relevant properties** would be sufficient to cover the defaulted mortgage principal, accrued interest, and penalties, thus **no such guarantees are recognized** in the interim financial statements[41](index=41&type=chunk) [Pledged Assets](index=17&type=section&id=Pledged%20Assets) As of June 30, 2025, the Group had not pledged any of its assets - As of June 30, 2025, the Group had **not pledged any of its assets**[42](index=42&type=chunk) [Employees](index=17&type=section&id=Employees) The Group's employee count decreased to 74, resulting in a corresponding reduction in staff costs Employee Count and Costs | Metric | June 30, 2025 | December 31, 2024 | Change | | :--- | :--- | :--- | :--- | | Employee Count (Excluding Directors) | 74 | 81 | Decrease of 7 employees | | Staff Costs (For the six months ended June 30) (HKD) | 8,040,000 | 8,690,000 | 7.48% decrease | [Other Information](index=18&type=section&id=Other%20Information) Provides details on directors' and substantial shareholders' interests, securities transactions, and corporate governance practices [(a) Directors' and Chief Executive's Interests and Short Positions in Shares and Underlying Shares of the Company and its Associated Corporations](index=18&type=section&id=%28a%29%20Directors'%20and%20Chief%20Executive's%20Interests%20and%20Short%20Positions%20in%20Shares%20and%20Underlying%20Shares%20of%20the%20Company%20and%20its%20Associated%20Corporations) As of June 30, 2025, Mr. Wong Sai Chung, Ms. Wong Man Hei, and Mr. Li Chi Chun held long positions in the Company's shares, with Mr. Wong Sai Chung holding the largest stake at 46.49% Directors' Long Positions in Shares and Underlying Shares of the Company | Name of Director | Capacity | Personal Interest (shares) | Corporate Interest (shares) | Total (shares) | Approximate % of the Company's issued share capital | | :--- | :--- | :--- | :--- | :--- | :--- | | Mr. Wong Sai Chung | Beneficial owner | 1,848,162,476 | – | 1,848,162,476 | 46.49% | | Ms. Wong Man Hei | Beneficial owner | 353,667,996 | 282,133,413 | 635,801,409 | 16.00% | | Mr. Li Chi Chun | Beneficial owner and spouse's interest | 49,448,730 | – | 49,448,730 | 1.24% | [Substantial Shareholders' Interests and Short Positions Discloseable Under the SFO](index=19&type=section&id=Substantial%20Shareholders'%20Interests%20and%20Short%20Positions%20Discloseable%20Under%20the%20SFO) As of June 30, 2025, apart from directors, Smart China Group Limited held 282,133,413 shares, representing approximately 7.10% of the Company's issued shares, with Ms. Wong Man Hei deemed to have an interest in these shares Long Positions in Shares of the Company (Other than Directors) | Name of Shareholder | Nature of Interest | Total Number of Shares Held | Approximate % of Total Issued Shares | | :--- | :--- | :--- | :--- | | Smart China Group Limited | Corporate | 282,133,413 | 7.10% | - **Smart China Group Limited** is a company wholly-owned by **Ms. Wong Man Hei**, who is deemed to have an interest in the shares held by Smart China[47](index=47&type=chunk) [Purchase, Sale or Redemption of the Company's Listed Securities](index=20&type=section&id=Purchase%2C%20Sale%20or%20Redemption%20of%20the%20Company's%20Listed%20Securities) For the six months ended June 30, 2025, neither the Company nor its subsidiaries purchased, sold, or redeemed any of the Company's listed securities - For the six months ended June 30, 2025, neither the Company nor any of its subsidiaries purchased, sold, or redeemed **any of the Company's listed securities**[49](index=49&type=chunk) [Corporate Governance](index=20&type=section&id=Corporate%20Governance) The Company adopted and fully complied with the Corporate Governance Code provisions in Appendix C1 of the Listing Rules for the six months ended June 30, 2025 - The Company has adopted and fully complied with the **code provisions of the Corporate Governance Code** as set out in Appendix C1 of the Listing Rules[50](index=50&type=chunk) [Standard of Dealings in Securities by Directors](index=20&type=section&id=Standard%20of%20Dealings%20in%20Securities%20by%20Directors) The Company adopted the Model Code for Securities Transactions by Directors of Listed Issuers, and all directors confirmed compliance for the six months ended June 30, 2025 - The Company has adopted the **Model Code for Securities Transactions by Directors of Listed Issuers** as set out in Appendix C3 of the Listing Rules as its code of conduct for directors' securities transactions[51](index=51&type=chunk) - Following specific enquiries with all Directors, they confirmed that they have **complied with the required standards** set out in the Model Code for the six months ended June 30, 2025[51](index=51&type=chunk) [Audit Committee](index=21&type=section&id=Audit%20Committee) The Company's Audit Committee, comprising three independent non-executive directors, has reviewed the Group's unaudited interim results for the six months ended June 30, 2025 - The Company has established an **Audit Committee** comprising three independent non-executive directors: Mr. Cheng Hong Ki (Chairman), Mr. Leung Kwan, and Mr. Wang Hongxin[52](index=52&type=chunk) - The Audit Committee has reviewed the Group's **unaudited interim results** for the six months ended June 30, 2025[52](index=52&type=chunk)

Core Viewpoint - The company, Great China Holdings (00021.HK), expects to report a loss of approximately HKD 42 million to HKD 44 million for the six months ending June 30, 2025, compared to a profit of HKD 8.12 million in the same period last year [1] Financial Performance - The anticipated loss is primarily attributed to a foreign exchange loss of approximately HKD 27 million during the period, in contrast to a foreign exchange gain of approximately HKD 19.39 million recorded in the same period last year [1]

Core Viewpoint - The company anticipates a loss of approximately HKD 42 million to HKD 44 million in the first half of 2025, a significant decline from a profit of HKD 8.12 million in the same period last year [1] Financial Performance - The expected loss is primarily attributed to a foreign exchange loss of about HKD 27 million during the period, in contrast to a foreign exchange gain of approximately HKD 19.39 million in the same period last year [1]

Group 1 - The company, Great China Holdings, expects to incur a loss of approximately HKD 42 million to HKD 44 million in the first half of 2025, compared to a profit of HKD 8.12 million in the same period last year [1] - The anticipated loss is primarily attributed to a foreign exchange loss of about HKD 27 million during the period, in contrast to a foreign exchange gain of approximately HKD 19.39 million in the previous year [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佈之內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不會就因本公佈全 部或 任 何部 份 內容 而產 生 或因 倚 賴該 等內 容 而引 致 之任 何損 失 承擔 任 何責 任。 承董 事 會命 大中華控股 (香 港 )有限 公 司 主席 黃世再 香港 ， 二零 二 五年 八月 十 九日 於本公佈刊發日期，董事會由 兩 名 執 行 董 事 ： 黃 世 再 先 生 （ 主 席 ） 及 黃 文 稀 女 士（行政總裁）； 一名非執行董事 ： 李 知 真 先 生 以 及 三 名 獨 立 非 執 行 董 事 ： 鄭 康棋 先 生、 梁 坤先 生和 王 紅欣 先 生組 成。 －1－ 盈利預警 本公 佈 乃大 中 華控 股（香 港 ）有限 公 司（「 本公司 」，連 同其 附 屬公 司 統稱「 本 集 團 」）根 據 香港 聯 合交 易 所有 限 公司 證券 上 市規 則（「 上 市 規 則 」）第13.09(2) 條及 香 港法 例 第 571章證 券 及期 貨 條例 第 XIVA部 之 內幕 消 息條 文（ 定義 見 上市 規 則） 發 出。 本公 ...

Group 1 - The company, Great China Holdings (00021.HK), announced that it will hold a board meeting on August 25, 2025, to approve its interim results for the period ending June 30, 2025 [1]