提名委員會 職權範圍 （於二零二五年八月二十六日更新） 1. 組成 KECK SENG INVESTMENTS (HONG KONG) LIMITED 激成投資（香港）有限公司 ( 於香港註冊成立之有限公司 ) Website: www.keckseng.com.hk (Stock Code: 184) 2. 會議 - 1 - 1.1 提名委員會成員應由激成投資（香港）有限公司（下稱「公司」）董事會（下稱 「董事會」）任命組成。 1.2 大多數之提名委員會成員需為公司獨立非執行董事（下稱「獨立非執董」），其 中至少須有一位成員為不同性別。 1.3 提名委員會主席（下稱「主席」）應由董事會委任，且必須為董事會主席或獨立 非執董出任。 2.1 會議應由主席召開，並根據需要依照本職權範圍的規定適時召開。 2.2 公司秘書應保存提名委員會會議的完整會議記錄。會議記錄之草稿及定稿應於會 議結束後合理時間內發送全體成員，以供其發表意見及存檔。 2.3 提名委員會會議之法定人數應為兩名成員，且其中至少須有一名為獨立非執董。 2.4 除職權範圍另有規定，否則公司章程內關於董事的定期會議及議事程序等條款均 適用於提名委員會會議 ...

EF001 免責聲明 | 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 公告全部或任何部份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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 激成投資(香港)有限公司 | | 股份代號 | 00184 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年6月30日止六個月之中期股息 | | 公告日期 | 2025年8月26日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.03 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.03 HKD | | 匯率 | 1 HKD : 1 HK ...

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，並明確表示不會就本公告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。 KECK SENG INVESTMENTS (HONG KONG) LIMITED 激成投資（香港）有限公司 （於香港註冊成立之有限公司） 網址: www.keckseng.com.hk （股份代號： 184） 二零二五年中期業績公佈 （未經審核） 激成投資（香港）有限公司（「本公司」）之董事會（「董事會」）欣然公佈本公司與其附屬 公司（「本集團」）截至二零二五年六月三十日止六個月之未經審核簡明綜合中期財務資料。 綜合損益表（未經審核） | | | 截至六月三十日止六個月 | | | --- | --- | --- | --- | | | | 二零二五年 | 二零二四年 | | | 附註 | 千港元 | 千港元 | | 收益 | 3 | 772,570 | 808,981 | | 銷售成本 | | (76,750) | (74,009) | | | | 695,820 | 734,972 | | 其他收益 ...

格隆汇8月13日丨激成投资(00184.HK)公布，公司将于2025年8月26日召开董事会会议，以（其中包括） 审议及通过集团截至2025年6月30日止六个月的中期业绩及其发布，以及审议派发中期股息的建议（如 有）。 ...

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，概不對因公告全部或任何部份內容而 產生或因倚賴該等內容而引致的任何損失承擔任何責任。 KECK SENG INVESTMENTS (HONG KONG) LIMITED 激成投資（香港）有限公司 激成投資（香港）有限公司(「本公司」) 董事會(「董事會」) 兹通告，謹定於二零二五年 八月二十六日(星期二) 舉行董事會會議，以考慮及通過本公司截至二零二五年六月三十日 止的六個月中期業績，及派發中期股息 (如有)，以及處理其他事項。 承董事會命 激成投資(香港)有限公司 執行主席 何建源 香港，二零二五年八月十三日 於本公告日期，本公司董事會包括執行董事何建源先生、何建福先生、謝思訓先生、陳 磊明先生 及何崇暉先生（其替任董事為何崇敬先生），非執行董事何建昌先生（其替任 董事為何崇杰先生），以及獨立非執行董事郭志舜先生、王培芬女士、俞漢度先生及陳 智文先生。 (於香港註冊成立之有限公司) 網址: www.keckseng.com.hk (股份代號: 184) 董事會召開日期 ...

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 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) | 00184 | 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 | | | 340,200,000 | | 0 | | 340,200,000 | | 增加 / 減少 (-) | | | 0 | | 0 | | | | 本月底結存 | | | 340,200,000 | | 0 | | 340,200,000 | 第 2 頁 共 10 頁 v 1.1.1 FF301 | 截至月份: | 2025年7月31日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | ...

Financial Performance - For the fiscal year ending December 31, 2024, the total revenue was HKD 1,692,023,000, a decrease of 2.7% compared to HKD 1,738,354,000 in 2023[15] - The profit attributable to equity shareholders for 2024 was HKD 255,841,000, representing an increase of 16.4% from HKD 219,656,000 in 2023[12] - Basic earnings per share for 2024 were HKD 0.752, up from HKD 0.646 in 2023, reflecting a growth of 16.4%[12] - The operating profit for 2024 was HKD 466,616,000, an increase from HKD 341,877,000 in 2023[5] - The group's hotel business revenue for 2024 slightly decreased to HKD 1,584,100,000, down from HKD 1,639,000,000 in 2023, primarily due to the strategic sale of a hotel property in Canada[21] - The group's hotel business profit increased to HKD 350,900,000 in 2024, compared to HKD 239,900,000 in 2023, driven by a reversal of impairment losses and gains from the sale of Canadian hotel assets[22] - The group reported a profit attributable to equity shareholders of HKD 255,841,000 for the year ending December 31, 2024, compared to HKD 219,656,000 in 2023, reflecting an increase of approximately 16.4%[73] - The group's revenue for the year ended December 31, 2024, was HKD 1,692,000,000, a slight decrease of 2.7% compared to the same period in 2023, primarily due to the strategic sale of a hotel property in Canada and the adverse impact of the depreciation of the Vietnamese Dong[104] Dividends - The company proposed a final dividend of HKD 0.07 per share for 2024, compared to HKD 0.08 per share in 2023, while an interim dividend of HKD 0.05 per share was paid, up from HKD 0.03 in 2023[13] - The interim dividend proposed for October 31, 2024, is HKD 0.05 per share, up from HKD 0.03 per share in 2023, while the final dividend is suggested at HKD 0.07 per share, down from HKD 0.08 per share in 2023[74] - The company plans to distribute dividends semi-annually, aligning with the net income and available cash flow, subject to the company's ability to pay based on cumulative and future earnings[179] - The company has adopted a dividend policy to provide regular dividends to shareholders, considering factors such as cash flow and potential acquisitions[178] Asset Management - The fair value of investment properties decreased by HKD 66,700,000 in 2024, compared to a decrease of HKD 12,500,000 in 2023[17] - The total assets as of December 31, 2024, were HKD 5,755,009,000, slightly down from HKD 5,796,137,000 in 2023[5] - The group's investment properties in Macau are valued at HKD 826,000,000, representing 14% of total assets as of December 31, 2024[196] - The group holds hotel properties with a carrying amount of HKD 1,487,000,000, which constitutes 26% of total assets as of December 31, 2024[199] - A reversal of impairment loss for hotel properties of HKD 170,000,000 was recognized in the income statement for the year ended December 31, 2024[199] Market Conditions - Macau's GDP grew by 8.8% in 2024, with visitor numbers increasing by 23.8% year-on-year, recovering to nearly 90% of pre-pandemic levels[16] - The Macau real estate market continues to face challenges, particularly in the commercial and office property sectors, with weak demand and declining rental yields[45] - The hotel industry in Japan saw international tourist numbers reach 36.9 million, a 47.1% increase from 2023, surpassing pre-pandemic levels[29] - The group maintains an optimistic long-term outlook for Macau, driven by ongoing infrastructure developments and government efforts to diversify the economy[18] - The overall market outlook remains cautiously optimistic as the global economic environment continues to improve, despite uneven recovery across regions[46] Operational Performance - The occupancy rate of the company's office buildings remained high despite a decline in office demand, demonstrating resilience in the property portfolio[17] - In 2024, the occupancy rate of the Wuhan Holiday Inn dropped to 46.6%, down from 55.5% in 2023, with average room rates decreasing from RMB 403 to RMB 391[24] - The Saigon Opera House Sheraton Hotel's occupancy rate rose to 79.6% in 2024, up from 76.3% in 2023, with average room rates increasing from USD 172 to USD 181[27] - The occupancy rate for San Francisco W Hotel decreased to 61.4% in 2024 from 66.5% in 2023, with average room rates dropping from $336 to $328 per night[33] - New York Sofitel Hotel's occupancy rate rose to 84.6% in 2024, up from 76.6% in 2023, maintaining an average room rate of $389[34] - Delta Hotels by Marriott at Toronto Airport saw occupancy rise to 72.8% in 2024, up from 69.7% in 2023, with average room rates increasing from CAD 177 to CAD 179[39] Strategic Initiatives - The company plans to maintain its strategic sales plan for Macau assets and is preparing for potential sales when market conditions improve[17] - The group is committed to seeking potential investment opportunities that create long-term value for shareholders, with a cautious approach to possible acquisitions[46] - The group will focus on enhancing occupancy rates and tenant retention through competitive leasing strategies to mitigate risks and seize opportunities[45] - The group emphasizes operational efficiency and investment in hotel renovations to enhance market competitiveness and drive long-term profit growth amid market uncertainties[46] Corporate Governance - The company has adhered to the corporate governance code, with a commitment to high standards of corporate governance[125] - The board of directors consists of 10 members, including 5 executive directors and 4 independent non-executive directors[128] - The independent non-executive directors ensure effective corporate governance and meet the regulatory requirements[129] - The company has established four committees: Audit and Compliance Committee, Remuneration Committee, Nomination Committee, and Risk Management Committee to oversee various aspects of its operations[137] Sustainability and Community Engagement - The group recognizes the importance of sustainable development and environmental protection as key factors for long-term success, adhering to local laws and promoting fair competition[55] - The group is committed to resource conservation, focusing on waste recycling, energy savings, and water conservation, with no significant adverse impact on natural resources reported[62] - The group employs over 90% local employees, emphasizing its commitment to local hiring and community engagement[66] - Charitable donations made by the group during the year amounted to HKD 1,189,356, significantly higher than HKD 294,947 in 2023, indicating a growth of approximately 303%[75] Risk Management - The group has established a risk management framework that defines and manages risks to achieve strategic objectives[157] - The risk management committee, supported by the CFO, oversees the risk management processes to ensure risks are managed within acceptable levels[159] - The internal audit department monitors the risk management and internal control systems across all business units, ensuring effectiveness and compliance[160] - The group has identified key risks including global systemic risks, investment and asset/liability management, and hotel operations, with corresponding mitigation strategies in place[161] Employee Engagement and Development - The company emphasizes its core values of integrity, responsibility, and adaptability in its corporate culture[124] - The company encourages directors to participate in training courses, with costs covered by the company[132] - All directors are required to engage in continuous professional development to update their knowledge and skills[134] - The group employed approximately 1,830 staff as of December 31, 2024, with a focus on local hiring policies[101]

Financial Performance - The company's consolidated profit attributable to equity shareholders for the year ended December 31, 2024, was HKD 255,841,000, representing an increase of 16.4% from HKD 219,656,000 in 2023[3] - Basic earnings per share for the year were HKD 0.752, up from HKD 0.646 in the previous year, reflecting a growth of 16.4%[5] - Total revenue for the year was HKD 1,692,023,000, a decrease of 2.7% compared to HKD 1,738,354,000 in 2023[5] - Operating profit increased to HKD 432,178,000 from HKD 362,570,000, marking a growth of 19.2%[5] - The total comprehensive income for the year was HKD 319,290,000, compared to HKD 300,158,000 in 2023, indicating an increase of 6.4%[7] - The pre-tax profit for 2024 was HKD 255,841,000, up from HKD 219,656,000 in 2023, reflecting an increase of 16.5%[31] - The group’s revenue for the year ended December 31, 2024, was HKD 1,692,000,000, a decrease of 2.7% compared to the same period in 2023[76] - The operating profit for the group was HKD 432,200,000 in 2024, compared to HKD 362,600,000 in 2023, including a reversal of impairment losses of HKD 169,900,000[76] - The profit attributable to equity shareholders for 2024 was HKD 255,800,000, an increase from HKD 219,700,000 in 2023[77] Revenue Breakdown - Hotel and club business revenue was HKD 1,590,265,000, down from HKD 1,645,163,000 in the previous year, representing a decline of 3.3%[17] - Rental income increased to HKD 90,302,000 from HKD 86,229,000, marking a growth of 4.4%[17] - Management fee income rose significantly to HKD 11,456,000, up from HKD 6,962,000, reflecting a growth of 64.0%[17] - The hotel segment reported a total revenue of HKD 1,584,082,000 for 2024, compared to HKD 1,639,040,000 in 2023, indicating a decrease of 3.4%[21] - The investment and company segment generated revenue of HKD 2,702,000 in 2024, slightly up from HKD 2,514,000 in 2023[21] Dividends - The company proposed a final dividend of HKD 0.07 per share, down from HKD 0.08 per share in 2023[3] - The group plans to pay an interim dividend of HKD 0.05 per share for 2024, up from HKD 0.03 per share in 2023, totaling HKD 17,010,000[41] - The group anticipates a final dividend of HKD 0.07 per share for 2024, down from HKD 0.08 per share in 2023, totaling HKD 23,814,000[41] Assets and Liabilities - Non-current assets totaled HKD 3,848,842,000, slightly up from HKD 3,801,939,000 in 2023[9] - The company's total equity increased to HKD 3,855,988,000 from HKD 3,739,798,000, reflecting a growth of 3.1%[10] - Total assets as of December 31, 2024, amounted to HKD 5,755,009,000, a slight decrease from HKD 5,796,137,000 in 2023[23] - Total liabilities as of December 31, 2024, were HKD 1,899,021,000, compared to HKD 2,056,339,000 in 2023, indicating a reduction of approximately 7.6%[25] - As of December 31, 2024, total bank loans amounted to HKD 1,281,287,000, down from HKD 1,443,870,000 in 2023[37] - The group has a total of HKD 1,206,333,000 in bank loans, consisting of HKD 1,196,287,000 secured loans and HKD 10,046,000 unsecured loans[36] - The group's debt-to-asset ratio was 21.0% in 2024, down from 23.7% in 2023[78] Cash Flow and Financial Position - The company reported a net cash position of HKD 1,523,656,000, compared to HKD 1,511,698,000 in 2023, indicating a slight increase[9] - The group maintains a strong financial position with HKD 1,523,700,000 in cash, bank deposits, and short-term bank deposits as of December 31, 2024[84] Market and Economic Outlook - Macau's GDP growth for 2024 is projected at 8.8%, recovering to 86% of pre-pandemic levels, with visitor numbers increasing by 23.8% year-on-year[48] - In 2024, Vietnam's GDP growth is projected at 7.09%, driven by the service sector and trade, despite challenges from Typhoon "Mokha"[59] - Japan's hotel industry achieved a record high of 36.9 million international visitors in 2024, a 47.1% increase from 2023, exceeding pre-pandemic levels[64] - The hotel industry is expected to continue recovering, driven by strong inbound tourism and major events, although operational cost increases and labor shortages may pose challenges[84] Operational Challenges - The total loss contribution from the hotel segment was HKD 101,634,000 in 2024, compared to a loss of HKD 11,372,000 in 2023, indicating a significant increase in losses[21] - The company reported a net loss from foreign exchange of HKD 16,013,000 in 2024, contrasting with a gain of HKD 5,617,000 in 2023[27] - The group has unfulfilled capital commitments of HKD 517,371,000 as of December 31, 2024, compared to HKD 55,511,000 in 2023[44] Future Plans - The company plans to continue focusing on market expansion and enhancing its investment properties, particularly in Macau[20] - The group plans to focus on improving occupancy rates and tenant retention through competitive leasing strategies amid challenges in the Macau real estate market[83] Miscellaneous - The group has not applied any new accounting standards that have not yet come into effect during the current accounting period[14] - The company is committed to maintaining compliance with the Hong Kong Financial Reporting Standards and the relevant listing rules[13] - The 2025 Annual General Meeting is scheduled for June 2, 2025, at 12:00 PM[90] - Share transfer registration will be suspended from May 28, 2025, to June 2, 2025, to determine eligibility for voting and dividend rights[92] - The record date for attending the AGM and voting is June 2, 2025[93] - The ex-dividend date is set for June 6, 2025[92] - Share transfer registration will be suspended from June 10, 2025, to June 13, 2025, for dividend entitlement[93]

Financial Performance - The company's consolidated profit attributable to equity shareholders for the six months ended June 30, 2024, was HKD 87,330,000, compared to HKD 45,250,000 for the same period in 2023, representing an increase of 93.4%[8] - The earnings per share for the first half of 2024 was HKD 0.257, up from HKD 0.133 in the first half of 2023[8] - The interim dividend declared for 2024 is HKD 0.05 per share, an increase from HKD 0.03 per share in 2023[8] - The overall operating profit was negatively impacted by the depreciation of the Vietnamese Dong, despite the revenue from the sale of the Canadian hotel asset amounting to HKD 156.2 million[13] - The operating profit for the group in the first half of 2024 was HKD 250,400,000, an increase from HKD 124,600,000 in the same period of 2023[28] - The profit attributable to equity shareholders for the first half of 2024 was HKD 87,300,000, compared to HKD 45,300,000 in the first half of 2023[28] - The net profit for the period was HKD 137,639,000, up 54.3% from HKD 89,144,000 in the prior year[58] - Basic and diluted earnings per share rose to 25.7 cents, compared to 13.3 cents for the same period last year, marking a 93.2% increase[56] - The total comprehensive income for the period was HKD 121,608,000, compared to HKD 90,065,000 in the same period last year, reflecting a growth of 35.1%[59] Revenue and Income Sources - In the first half of 2024, total revenue from the hotel business decreased to HKD 758.4 million, down from HKD 783.1 million in the same period of 2023, primarily due to the strategic sale of a hotel property in Canada[13] - Revenue from hotel and club operations for the six months ended June 30, 2024, was HKD 761,300, a decrease of 3.15% from HKD 786,141 in the same period of 2023[72] - Rental income from properties in Macau increased from HKD 40,600,000 in the same period of 2023 to HKD 42,800,000 in the first half of 2024, reflecting a growth of 5.4%[11] - Rental income increased to HKD 44,215, up 5.99% from HKD 41,884 year-on-year[72] - Other income, including interest income and dividends from listed securities, totaled HKD 46,907, an increase from HKD 35,737 in the previous year[82] Market and Economic Conditions - Macau's GDP is expected to grow by 17.5% compared to 2023, reaching 87.5% of pre-pandemic levels[10] - Visitor numbers to Macau exceeded 16.7 million, a 43.6% increase year-on-year, with international visitors rising by 146.4%[10] - The unemployment rate in Macau improved from 2.8% in Q2 2023 to 1.9% in Q2 2024[10] - The hotel industry is expected to maintain stability and gradually improve in the second half of 2024, supported by strengthened domestic tourism policies and a steady increase in international arrivals[14] - The global hotel industry is expected to gradually recover in the second half of 2024, supported by a downward trend in interest rates, which will boost consumer spending on travel and accommodation[33] Property and Investment Performance - The fair value of investment properties in Macau decreased by HKD 41,000,000 in 2024, compared to a decrease of HKD 7,000,000 in 2023[11] - The company reported a fair value loss on investment properties of HKD 41,000,000, compared to a loss of HKD 7,000,000 in the previous year[56] - The luxury residential market is expected to stabilize due to limited supply, while inflation, interest rates, and the recovery of the Chinese economy will continue to influence market dynamics[32] - The real estate market in Macau is anticipated to face significant challenges, with a slow recovery outlook due to high interest rates and cautious investor sentiment[32] Financial Position and Liabilities - As of June 30, 2024, the group's total liabilities accounted for 33.0% of total assets, down from 35.5% as of December 31, 2023[29] - The group held cash, bank balances, and short-term bank deposits totaling HKD 1,489,400,000 as of June 30, 2024, compared to HKD 1,511,700,000 as of December 31, 2023[29] - The company's total assets as of June 30, 2024, were HKD 3,687,684,000, a slight decrease from HKD 3,801,939,000 at the end of 2023[61] - The total current liabilities as of June 30, 2024, amounted to HKD 831,538,000, an increase of 4.2% from HKD 798,735,000 at the end of 2023[64] - The company's total equity as of June 30, 2024, was HKD 3,753,744,000, slightly up from HKD 3,739,798,000 at the end of 2023[64] Employee and Operational Insights - The group employs approximately 1,798 employees, focusing on local hiring policies to ensure relevant qualifications and experience[34] - Employee costs rose to HKD 318,800,000 in 2024, up from HKD 307,720,000 in 2023, marking an increase of about 3.5%[84] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency[76] Corporate Governance and Shareholder Information - The company has adhered to the Corporate Governance Code principles, with a commitment to high corporate governance standards to protect shareholder interests[35] - The board structure has not separated the roles of Chairman and CEO, which the board believes has contributed to the company's strong performance over the years[36] - The beneficial owner of Kansas Holdings Limited holds 101,437,360 shares and Da Di Property Limited holds 96,646,960 shares, making them the controlling shareholders of the company[46] - The total equity percentage held by the directors in various companies ranges from 58.37% to 100%[45] Challenges and Risks - The company remains cautiously optimistic about the overall outlook for 2024, despite potential risks from geopolitical conflicts and inflation pressures[17] - The company remains cautious and pragmatic regarding acquisitions, targeting industries and regions where it has experience and comparative advantages[33] - Inflation pressures are expected to ease, particularly in advanced economies, contributing to improved demand in previously affected areas[33]

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，並明確表示不會就本公告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。 KECK SENG INVESTMENTS (HONG KONG) LIMITED 激成投資（香港）有限公司 （於香港註冊成立之有限公司） 網址: www.keckseng.com.hk （股份代號： 184） 二零二四年中期業績公佈 （未經審核） | --- | --- | |-----------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------| | | | | 激成投資（香港）有限公司（「本公司」）之董事會（「董事會」）欣然公佈本公司與其附屬 公司（「本集團」）截至二零二四年六月三十日止六個月之未經 ...