所有決議案均以投票表決之方式進行投票，並已獲股東批准。於股東週年大會上 進行之投票已由本公司之登記處香港中央證券登記有限公司進行監票。投票結果 載列如下： 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。 CHEUK NANG (HOLDINGS) LIMITED 卓 能（ 集 團 ）有限公司 （於香港註冊成立之有限公司） （股票代號：131） 股東週年大會之投票表決結果 於卓能（集團）有限公司（「本公司」）在二零二五年十一月二十日下午三時正舉行之 股東週年大會（「股東週年大會」）上，已根據主席指示以股數投票表決之方式就日 期為二零二五年十月十七日之股東週年大會通告所載，並提呈大會動議及獲得和 議的各項決議案進行投票。 於股東週年大會日期，本公司之已發行股本包括652,676,781股股份，即賦予股東 權利出席大會並於會上投票贊成或反對所有決議案之股份總數。股東於股東週年 大會上就任何提呈之決議案進行投票時並不受任何限制。 香港，二零二五年十一月二十日 ...

Core Viewpoint - The company intends to acquire 100% equity of Guanglong Integrated and 80% equity of AoJian Microelectronics through a combination of issuing shares and cash payments, while also raising supporting funds from specific investors, which will enhance its business scale and profitability [1][4]. Group 1: Transaction Overview - The transaction involves the acquisition of Guanglong Integrated and AoJian Microelectronics, with Guanglong becoming a wholly-owned subsidiary and AoJian a controlling subsidiary of the company [1][4]. - The final transaction price will be based on the evaluation results from a qualified asset appraisal agency, as the audit and assessment work for the target companies is not yet completed [1]. Group 2: Financial Performance of Guanglong Integrated - Guanglong Integrated specializes in the R&D, production, and sales of passive optical devices, achieving a revenue of 48.895 million and a net profit of 13.989 million from January to August 2025 [2]. - The company has a strong product and technology advantage in its niche market, benefiting from growing downstream market demand [1]. Group 3: Financial Performance of AoJian Microelectronics - AoJian Microelectronics reported a revenue of 18.4419 million and a net loss of 1.5114 million from January to August 2025, with its products competing with those of global leaders like Texas Instruments [5]. - The company is involved in power management chips and has products that meet or exceed international standards [5]. Group 4: Financial Overview of the Company - For the first three quarters of 2025, the company achieved a revenue of 4.113 billion, a year-on-year increase of 2.40%, but a net profit of 26.07 million, a decrease of 43.67% due to increased R&D and tax expenses [7]. - The company has a diverse business model, including electronic component distribution, chip design, and software development, with significant advancements in MEMS micro-mirrors and automotive display chips [6]. Group 5: Synergy Analysis - There is significant market, product, and technical synergy between the company, Guanglong Integrated, and AoJian Microelectronics, which can enhance market penetration and sales channels [9]. - The company’s strong distribution capabilities and customer resources can accelerate market entry for the acquired companies, while technical sharing can complement their respective strengths in optical devices and chip design [9].

Core Viewpoint - After a 10-day trading suspension, Ying Tang Zhi Kong (300131) announced a significant asset acquisition plan on November 7, aiming to enhance its position in the semiconductor industry through the purchase of two companies [1][3]. Acquisition Details - Ying Tang Zhi Kong plans to acquire 100% equity of Guanglong Integrated Technology and 80% equity of Ao Jian Microelectronics through a combination of issuing shares and cash payments [2][4]. - The acquisition price for the assets has not been finalized as the auditing and evaluation work is still ongoing, but the share issuance price is set at 7.38 CNY per share, which is 80% of the average trading price over the previous 120 trading days [4]. Financial Performance of Target Companies - Guanglong Integrated Technology reported revenues of 71.97 million CNY and 55.24 million CNY for 2023 and 2024, respectively, with net profits of 17.46 million CNY and 8.79 million CNY [5]. - Ao Jian Microelectronics, a smaller entity, generated revenues of 18.44 million CNY in the first eight months of 2025 but reported a net loss of 151,140 CNY [7][8]. Strategic Rationale - The acquisition aligns with Ying Tang Zhi Kong's strategy to transition from traditional distribution to semiconductor design and manufacturing, as the gross margin for its distribution business has been declining [9]. - The semiconductor design and manufacturing business has a gross margin of 21.23%, significantly higher than the 6.60% margin from distribution [9]. - The acquisition is expected to create synergies in market access, technology sharing, and production capabilities, enhancing the company's competitive edge and growth potential [10]. Market Context - In the first three quarters of the year, Ying Tang Zhi Kong achieved revenues of 4.113 billion CNY, a year-on-year increase of 2.40%, but its net profit decreased by 43.67% to 26.07 million CNY [10].

Core Viewpoint - The company plans to acquire 100% equity of Guanglong Integrated and 80% equity of Aojian Microelectronics through a combination of share issuance and cash payment, aiming to enhance its market position and technological capabilities [1][2] Group 1: Acquisition Details - The acquisition involves Guanglong Integrated, which specializes in the R&D, production, and sales of passive optical devices, and Aojian Microelectronics, focused on high-performance analog chip design [1] - Guanglong Integrated's products include optical switches, optical protection modules, and other optical devices, widely used in optical network protection, testing systems, AI computing centers, and data centers [1] - Aojian Microelectronics' core products focus on power management and signal chain analog chips, with applications in consumer electronics, communication, automotive electronics, and medical electronics [1] Group 2: Strategic Synergies - The company identifies significant market, product, and technological synergies with the target companies, leveraging its strong distribution capabilities and rich customer resources to accelerate market penetration [2] - The company has deep expertise in optical signal conversion and automotive-grade chip design, which complements Guanglong Integrated's optical devices and Aojian Microelectronics' analog chip design [2] - The transaction is expected to broaden the company's industrial layout, open new business growth opportunities, and enhance overall competitiveness and sustainable development [2] Group 3: Financial Aspects - The company plans to raise matching funds from no more than 35 specific investors to support the transaction and improve financial strength [2] - Post-transaction, Guanglong Integrated will become a wholly-owned subsidiary, while Aojian Microelectronics will be a controlling subsidiary, enhancing the company's business scale and profitability [1][2]

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10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: | 卓能(集團)有限公司 | | | 呈交日期: | 2025年11月3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) | 00131 | 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 | | | 652,676,781 | | 0 | | 652,676,781 | | 增加 / 減少 (-) | | | 0 | | ...

(Incorporated in Hong Kong with limited liability) （於香港註冊成立之有限公司） (Stock Code 股票代號: 131) Dear non-registered shareholder(s), Cheuk Nang (Holdings) Limited (the "Company") The Current Corporate Communications of the Company have been published in English and Chinese languages and are available on the website of The Stock Exchange of Hong Kong Limited ("HKEXnews") at www.hkexnews.hk and the Company's website at www.cheuknang.com.hk. For the shareholders who have selected to receive the Company's Corporate Com ...

Cheuk Nang (Holdings) Limited (the "Company") – Notice of Publication of 2024/2025 Annual Report, Circular and Proxy Form of Annual General Meeting (the "Current Corporate Communications") The Current Corporate Communications of the Company have been published in English and Chinese languages and are available on the website of The Stock Exchange of Hong Kong Limited ("HKEXnews") at www.hkexnews.hk and the Company's website at www.cheuknang.com.hk. For the shareholders who have selected to receive the Compa ...

CHEUK NANG (HOLDINGS) LIMITED 卓 能（ 集 團 ）有限公司 （於香港註冊成立之有限公司） （股票代號：131） 股東週年大會適用 代表委任表格 與本代表委任表格有關之 股份數目 本人╱吾等 地址為 為卓能（集團）有限公司登記股東，茲委任 其地址為 為本人╱吾等之代表。若其不克出席，則委任大會主席為本人╱吾等之代表，代表本人╱吾等出席於二零二五年 十一月二十日（星期四）下午三時正在香港荃灣寶豐臺8號壹號九龍山頂會所舉行之股東週年大會及其任何續會，並 代表本人╱吾等按照下列適當空格內「✓」號所指示就決議案投票。如無作出指示，則受委代表可自行決定投贊成票 或反對票。 | | 決議案 | 贊成 | 反對 | | --- | --- | --- | --- | | 1. | 省覽截至二零二五年六月三十日止年度之賬目、董事會與核數師報告 | | | | 2. | 宣派末期股息 | | | | 3(i) | 重選趙世曾博士為執行董事 | | | | 3(ii) | 重選孫大豪先生為獨立非執行董事 | | | | 3(iii) | 重選何秀芬女士為執行董事 | | | | 3(iv) | 授權董 ...

此乃要件 請即處理 閣下如對本通函或應採取之行動有任何疑問，應諮詢 閣下之股票經紀、銀行經理、 律師、專業會計師或其他專業顧問。 閣下如已出售名下所有卓能(集團)有限公司（「本公司」）之股份，應立即將本通函及隨 付之代表委任表格送交買主或經手買賣之銀行、股票經紀或其他代理商，以便轉交 買主。 香港聯合交易所有限公司對本通函之內容概不負責，對其準確性或完整性亦不發表 任何聲明，並明確表示概不就本通函全部或任何部份內容所產生或因倚賴該等內容 而引致之任何損失承擔責任。 CHEUK NANG (HOLDINGS) LIMITED 卓 能（ 集 團 ）有限公司 （於香港註冊成立之有限公司） （股票代號：131） 建議 給予一般授權以購回本公司股份及發行股份 及 重選董事 本公司謹訂於二零二五年十一月二十日星期四下午三時假座香港荃灣寶豐臺8號壹號 九龍山頂會所舉行股東週年大會以考慮上述建議。召開大會之通告已載於二零二五 年年報中，並將連同本通函寄發予各股東。無論 閣下能否出席股東週年大會，務請 按照寄發予股東之年報所附之代表委任表格上列印之指示填妥該表格及盡快交回， 惟在任何情況下不可遲於股東週年大會指定舉行時間四十八 ...

Financial Performance - Revenue for the year ended June 30, 2025, was HK$168.5 million, a decrease from HK$188.0 million in 2024[19] - The company reported a loss attributable to owners of HK$989.2 million for 2025, compared to a profit of HK$171.7 million in 2024[19] - The consolidated loss after income tax for the year ended June 30, 2025, is HK$1,144,071,000, compared to a profit of HK$171,004,000 in 2024, indicating a significant decline in performance[52][56] - Basic loss per share was HK$1.52, a decline from earnings per share of HK$0.26 in 2024[151][152] - Total equity attributable to owners decreased by 13.7% to approximately HK$5,771,409,000 from HK$6,684,368,000 in 2024[153][154] - Gross profit for the year was HK$42,646,000, down from HK$106,795,000 in the previous year[146][149] - Administrative expenses increased by 412.0% to HK$289,646,000, primarily due to provisions for properties under development[147][150] - Negative change in fair value of investment properties amounted to HK$914,881,000, compared to a decrease of HK$154,070,000 in 2024[147][150] Liquidity and Financial Ratios - The cash ratio stood at 59.2%, indicating a strong liquidity position[10] - The net gearing ratio was reported at 11.8%, indicating low financial risk[12] - The total debt to equity ratio increased to 22.1% (2024: 20.1%) and the net debt to equity ratio rose to 7.5% (2024: 6.9%) due to a decrease in net asset value[166] - Interest expenses for the year were HK$53,855,000, slightly higher than HK$53,831,000 in the previous year, with an average interest rate of 4.1% (2024: 4.5%)[168] Property and Market Performance - Total property value was HK$7,453.8 million, with a significant portion located in Hong Kong (43%) and Shenzhen (25%)[11][17] - The residential market in Hong Kong shows signs of recovery, with home sales reaching a four-year high and residential transactions expected to increase by 13% to 64,000 units in 2025[54][59] - The residential rental market has recorded seven consecutive months of growth, with the official index reaching 195.6, nearing levels last seen in September 2019[60][62] - The occupancy rate for the residential project "One Kowloon Peak" is currently at 50%, with plans to market the properties for sale in early 2026[61][65] - The occupancy rate for "Villa Cecil Phase II" is maintained at 60%[66][68] - The occupancy rate for "Villa Cecil Phase III" has reached 90%[72][73] - In Shenzhen, a total of 835 units were sold, generating aggregate sales of RMB 4,092 million[84] - The average residential property prices in Shenzhen have stabilized due to local support measures, with modest improvement in transaction volumes, particularly in the mid to high-end segment[86] - Hangzhou's residential market has shown robust sentiments, with improved transaction volumes in both primary and secondary markets following recent policy adjustments[88] Dividends and Shareholder Information - Dividends declared for the year amounted to HK$40.8 million, an increase from HK$34.3 million in 2024[19] - The proposed final dividend is HK2.00 cents per share, down from HK4.00 cents in 2024, resulting in a total distribution of HK4.25 cents per share for the year, a decrease of 32% compared to last year[52][57] - The authorization for the Directors to allot additional shares during the Relevant Period is generally and unconditionally approved, not exceeding 20% of the aggregate issued share capital[40] - Shareholders may appoint proxies to attend and vote at the meeting, and a proxy need not be a member of the Company[48] Strategic Plans and Market Expansion - The company plans to continue its market expansion in China, particularly in Shenzhen and Hangzhou[15] - The company will maintain a prudent strategy while monitoring market developments closely to capture opportunities in key markets like Shenzhen and Hangzhou[81] - The company continues to explore potential sales or joint ventures for the Cecil Central Residence project, which has a total approved gross floor area of 1,708,648 square feet[102] Management and Governance - The Company Secretary is responsible for the notice of the Annual General Meeting[45] - The company has appointed an external professional firm to review internal controls, identifying some minor weaknesses that will be addressed[182] - The environmental policy is aligned with all relevant environmental legislation, and a performance review has been conducted[183] - The collective efforts of the management team and staff have strengthened the company's market position and created sustainable value for shareholders[110] Economic Context - The Malaysian economy achieved a growth of 4.4% in Q2 2025, driven by robust domestic demand and increased household spending[100] - The Central Government has implemented supportive measures to stabilize the property market, including relaxing home purchase restrictions and lowering mortgage rates[79] - The Hong Kong property market is expected to see a 3-5% rise in home prices, reflecting a cautiously optimistic outlook despite global economic challenges[106][107] Key Personnel - Dr. Chao has focused on investment, asset management, coding, and digital assets as key areas of research[127] - Mr. Sun has over 30 years of experience in marketing and distribution of consumer products in Hong Kong and Southeast Asia[135] - Mr. Lee is the Chairman and CEO of DH International Group Holdings Ltd and has been a Chartered Valuation Surveyor since 1973[136]