Group 1 - The non-executive director Li Guoshi of East Asia Bank (00023) reduced his holdings by 10,000 shares at a price of HKD 13 per share, totaling HKD 130,000 [1] - After the reduction, the latest number of shares held by Li Guoshi is approximately 12.9346 million shares, representing a holding percentage of 0.49% [1]

Core Insights - The number of existing home mortgage registrations in August 2025 reached 6,629, a month-on-month increase of 22.1%, marking the highest level in 23 months since August 2023, driven by a recovering property market and increased transactions [1][2] - The market share of the top four banks increased by 4.3 percentage points to 77.5%, with Bank of China Hong Kong leading the market with a share of 33.8% [2] - The number of pre-sale mortgage registrations fell to 376 in August, a decrease of 52.6% from July, primarily due to the completion of units at Long Tian Feng [3] Group 1: Existing Home Mortgages - In August 2025, existing home mortgage registrations totaled 6,629, up 22.1% from July, the highest in nearly two years [1][2] - The increase in registrations was attributed to favorable market conditions, including lower interest rates and increased market confidence [1] - The top four banks' market share rose to 77.5%, with Bank of China Hong Kong maintaining the highest share at 33.8% [2] Group 2: Pre-sale Mortgages - Pre-sale mortgage registrations dropped to 376 in August, a significant decline of 52.6% from the previous month [3] - The decline was mainly due to the completion of units at Long Tian Feng, with the majority of registrations in August coming from SIERRA SEA [3] - Despite the monthly drop, the total number of pre-sale mortgage registrations for the first eight months of 2025 increased significantly by 90.5% year-on-year [3]

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。 The Bank of East Asia, Limited 東亞銀行有限公司 ( 1918 年在香港註冊成立之有限公司) (股份代號: 23) 獨立審閱報告及 截至 2025 年 6 月 3 0 日止 6 個月的中期業績 茲提述東亞銀行有限公司（「本行」，連同其附屬公司統稱為「本集團」）日期為 2025 年 8 月 21 日有關本集團截至 2025 年 6 月 30 日止 6 個月未經審核業績的公 告。本行之 2025 中期報告預期約於 2025 年 9 月 17 日在香港交易及結算所有限 公司網站及本行網站登載。獨立審閱報告及本行截至 2025 年 6 月 30 日止 6 個月 未經審核的中期業績摘錄於本公告的附錄。 於 2025 年 9 月 1 日，本行董事會成員為李國寶爵士 # ( 執行主席 ) 、李國章教授 *( 副主席 ) 、黃子欣博 士 **( 副主席 ) 、李國星先生 * 、李國仕先生 ...

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: | 東亞銀行有限公司 | | | 呈交日期: | 2025年9月1日 | | | I. 法定/註冊股本變動 | 不適用 | | FF301 第 1 頁 共 11 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) | 00023 | 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 | | | 2,636,521,142 | | 0 | | 2,636,521,142 | | 增加 / 減少 (-) | | | 0 | | ...

Core Viewpoint - East Asia Bank reported a mixed performance for the first half of 2025, with a decline in operating income but an increase in net profit attributable to shareholders [1] Financial Performance - Operating income for the first half of 2025 was HKD 10.259 billion, a decrease of 2.1% compared to HKD 10.484 billion in the same period of 2024 [2] - Net profit attributable to shareholders increased by 14.0% to HKD 2.407 billion, up from HKD 2.111 billion year-on-year [2] - Total customer loans and advances rose by 1.2% to HKD 539.175 billion [2] - Total assets reached HKD 891.424 billion, an increase of HKD 136.65 billion or 1.6% from the end of 2024 [2] - Customer deposits increased by 3.4% to HKD 665.226 billion [2] Analyst Ratings and Price Targets - Goldman Sachs raised its earnings per share estimates for East Asia Bank for the fiscal years 2025 to 2027 by 8%, 11%, and 24%, respectively, and increased the target price by 12% to HKD 11.8, maintaining a "Sell" rating [3] - Citigroup set a target price of HKD 11.6 with a "Neutral" rating [4] - CICC maintained its forecasts for East Asia Bank and raised the target price by 25% to HKD 14.12, corresponding to a price-to-book ratio of 0.4X for 2025E/2026E, while also maintaining a "Neutral" rating [4]

Core Insights - The establishment of the Bay Area Cross-Border M&A Alliance is a significant initiative aimed at enhancing cross-border financial services and facilitating mergers and acquisitions in the Greater Bay Area [10][7] - East Asia Bank has reported substantial growth in wealth management, with a 48.7% increase in asset management scale and a 61.5% rise in high-net-worth clients as of mid-2025 [2][13] - The Greater Bay Area is identified as a key region for cross-border M&A activities, with East Asia Bank positioning itself as a leader in this space [4][5] Group 1: Bay Area Cross-Border M&A Alliance - The Bay Area Cross-Border M&A Alliance aims to integrate resources and provide a comprehensive service platform for enterprises to facilitate cross-border investments [6][7] - The alliance currently has over 50 member units, indicating a strong collaborative effort to enhance cross-border M&A services [7] - East Asia Bank serves as the chair unit of the alliance, leveraging its expertise to support domestic enterprises in expanding internationally and attracting global capital [7][10] Group 2: Wealth Management Growth - East Asia Bank has experienced a significant increase in its wealth management business, with a 67% year-on-year growth in cross-border clients as of mid-2025 [2][13] - The bank's cross-border personal wealth management services have seen double-digit growth following the resumption of travel between Hong Kong and mainland China [2][13] - The bank is focusing on enhancing its service offerings for ultra-high-net-worth clients, aiming to create a new wealth management hub in the Greater Bay Area [15] Group 3: Strategic Initiatives and Innovations - East Asia Bank has established a comprehensive service ecosystem in the Greater Bay Area, including the East Asia Qianhai Securities and various financial technology initiatives [8][11] - The bank has launched several innovative financial products and services, including the Cross-Border Wealth Management Connect and the Cross-Border Payment Platform [8][11] - The establishment of the Digital Innovation Laboratory and the Financial Technology Innovation Center in Qianhai reflects the bank's commitment to leveraging technology for enhanced service delivery [11][12]

Core Viewpoint - The performance of East Asia Bank in 1H25 showed a decline in operating income but an increase in net profit, primarily due to lower impairment losses [1][2]. Financial Performance - 1H25 operating income decreased by 2.1% year-on-year, aligning with expectations, mainly due to the decline in HIBOR compressing interest margin [1]. - 1H25 net profit attributable to ordinary shareholders increased by 24.7% year-on-year, outperforming expectations due to reduced impairment losses [1]. - Net interest income in 1H25 fell by 10.7% year-on-year and 11.5% quarter-on-quarter, slightly more than peers, due to concentrated credit exposure in Hong Kong and mainland China [1]. - Non-interest income showed strong performance, with other non-interest income up by 50.5% year-on-year, driven by foreign exchange gains; fee income reached HKD 1.65 billion, up 16.6% year-on-year, benefiting from high demand in cross-border wealth management [1][2]. Customer Growth and Credit Costs - The number of customers from mainland China increased by 62% year-on-year, and customers from Hong Kong increased by 54%, leading to a 285% year-on-year growth in retail banking fee income [2]. - Credit costs have decreased from high levels, contributing to the better-than-expected net profit; 1H25 provisioning decreased by 11.9% year-on-year and 2.9% quarter-on-quarter [2]. - The non-performing loan (NPL) ratio decreased by 9 basis points to 2.63%, while the provisioning coverage ratio slightly declined to 37.3% [2]. Outlook and Valuation - The company maintains a cautious outlook on credit costs, expecting levels in 2H25 to not be lower than those in 1H25 (0.95%) and for the full year 2025 to be no lower than 2024 (1.03%) [2]. - The target price has been raised by 25% to HKD 14.12, reflecting a 4.4% upside potential, with the company currently trading at 0.4X 2025E/2026E P/B [2].

Core Insights - The Bay Area Cross-Border M&A Alliance was established in Shenzhen on August 22, 2025 [1] - Eight banks have signed a syndicated M&A credit facility agreement totaling 10 billion yuan through this platform [1] - Five corporate representatives signed cross-border M&A financing projects, while four corporate representatives signed strategic cooperation agreements for cross-border M&A [1] Banking Sector - The participating banks include East Asia Bank (China), Shanghai Pudong Development Bank Shenzhen Branch, Xinyin International (China), Minsheng Bank Shenzhen Branch, Guangzhou Bank Shenzhen Branch, Nanshan Bank (China), Hengfeng Bank Shenzhen Branch, and Kiat Thai Bank Shenzhen Branch [1] - The total credit facility amount of 10 billion yuan indicates a significant commitment from the banking sector towards facilitating cross-border M&A activities [1] Corporate Sector - The involvement of five corporate representatives in signing cross-border M&A financing projects highlights the growing interest and activity in cross-border mergers and acquisitions [1] - The signing of strategic cooperation agreements by four corporate representatives suggests a collaborative approach to enhancing cross-border M&A initiatives [1]

Group 1: Core Insights - Global financial institutions are increasing their presence in the Greater Bay Area to seek business growth [1] - The Bay Area Cross-Border M&A Alliance was established in Shenzhen, focusing on resource integration, policy innovation, and cross-border connectivity [1] - East Asia Bank (China) has a clear strategy focused on the Chinese market, with an asset scale close to 200 billion yuan [1][2] Group 2: Business Strategy and Performance - East Asia Bank (China) opened a retail flagship branch in Beijing and has a flagship branch in Shenzhen, reflecting a trend among foreign banks to establish flagship outlets [2] - The bank's 2024 annual report shows an asset scale of 197.25 billion yuan, with operating income of 4.686 billion yuan (up 2.57%) and net profit of 114 million yuan (up 136.84%) [2] - The bank aims to increase the proportion of non-interest income during its transformation phase [2][10] Group 3: Historical Context and Changes - The bank has undergone strategic adjustments over the past 15 years, focusing more on the Chinese market and reducing its presence in Europe and North America [5][7] - East Asia Bank has maintained a close relationship with the Chinese market since its establishment in 1918, emphasizing its commitment to China's development [5][4] Group 4: Future Outlook and Strategic Initiatives - The establishment of the Bay Area Cross-Border M&A Alliance is seen as a timely move to enhance cross-border M&A activities, which are expected to grow [9] - The bank is transitioning from a reliance on interest income to a greater focus on non-interest income, particularly in areas like wealth management and syndicate financing [10] - The bank's strategy includes optimizing its income structure and reducing reliance on real estate [10]

Core Viewpoint - Global financial institutions are increasing their presence in the Greater Bay Area to seek business growth opportunities [1] Group 1: Establishment of Cross-Border M&A Alliance - The Bay Area Cross-Border M&A Alliance was established in Shenzhen on August 22, with East Asia Bank (China) as the chair unit, focusing on resource integration, policy innovation, and cross-border connectivity [1] - The alliance aims to provide cross-border M&A syndication services and structured financing for Bay Area enterprises [1] Group 2: East Asia Bank's Strategy and Performance - East Asia Bank (China) has an asset scale close to 200 billion yuan, with a reported revenue of 4.686 billion yuan, a growth of 2.57%, and a net profit of 114 million yuan, a significant increase of 136.84% [2] - The bank is currently in a transformation phase, aiming to gradually increase the proportion of non-interest income [2][10] Group 3: Historical Context and Strategic Focus - The bank's strategy has become clearer and more focused on the Chinese market over the past 15 years, maintaining a strong connection with China's development [3][4] - East Asia Bank has shifted resources from Europe and North America to strengthen its operations in mainland China, Hong Kong, Macau, and Taiwan [4] Group 4: Flagship Branches and Business Focus - The establishment of flagship branches, such as the one in Beijing's Chaoyang District and the Shenzhen flagship branch, reflects a trend among foreign banks to enhance their retail and wholesale business capabilities [2][5] - The Shenzhen flagship branch encompasses retail, wholesale, and financial market services, catering to the growing demand for cross-border M&A [5] Group 5: Collaborative Efforts and Future Outlook - The newly established cross-border M&A alliance is seen as a platform to enhance collaboration among various stakeholders involved in the M&A process [8] - The bank anticipates a significant increase in non-interest income, particularly from syndication fees, as it continues to optimize its revenue structure [10]