Revenue and Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 7 million, a decrease from HKD 9.7 million in the same period last year[17]. - The company reported a net loss of HKD 144,425,000 for the period, compared to a net loss of HKD 529,680,000 in 2024, reflecting a 72.7% improvement[76]. - Total comprehensive loss for the period was HKD 125,895,000, down from HKD 479,205,000 in the previous year, indicating a 73.7% decrease[76]. - The loss before tax for the period was HKD 144,425,000, significantly improved from a loss of HKD 529,637,000 in the previous year, marking a reduction of 72.7%[75]. - The group reported a total operating loss of HKD 20,749,000 for the six months ended September 30, 2025, compared to a loss of HKD 182,767,000 for the same period in 2024[94]. - The net loss for the six months ended September 30, 2025, was HKD 120,671,000, significantly improved from a loss of HKD 504,298,000 in the same period of 2024[106]. Expenses and Cost Management - Administrative and general expenses decreased to HKD 55.2 million from HKD 106.5 million in the same period last year due to strict cost control measures[25]. - The financial expenses for the six months ended September 30, 2025, were HKD 37,852,000, a decrease from HKD 65,870,000 in 2024[100]. - The group is actively controlling administrative and operating costs through various channels[87]. Property and Investment Performance - Property segment loss decreased to HKD 119.7 million from HKD 229.3 million in the previous year[28]. - The fair value loss of investment properties was HKD 27 million, lower than HKD 45 million in the same period last year[24]. - Contribution from the luxury residential project in Macau decreased to HKD 10.8 million from HKD 33 million in the previous year[29]. - The fair value loss from a joint venture's commercial property in China was HKD 71.3 million, compared to HKD 43.9 million in the previous year[24]. - The property segment reported a revenue of HKD 3,007,976,000 for the six months ended September 30, 2025, compared to HKD 3,255,597,000 for the same period in 2024[98]. Liquidity and Financial Position - The group’s cash and cash equivalents stood at HKD 17,400,000, indicating significant liquidity risk and uncertainty regarding its ability to continue as a going concern[41]. - The group’s total bank and other borrowings amounted to HKD 752,700,000 as of September 30, 2025, with a net debt-to-equity ratio of 0.36[40]. - The group plans to sell properties as a strategic measure to enhance liquidity and provide additional financial resources[42]. - The group continues to seek refinancing and new funding to manage liquidity needs and financial obligations[87]. - The company’s cash and cash equivalents decreased to HKD 17,392,000 from HKD 47,652,000, a decline of 63.5%[78]. Shareholder Information and Equity - The company has not issued or canceled any shares during the period, maintaining a total of 907,198,410 shares as of September 30, 2025[48]. - The largest shareholder, Dr. Chan Kwok Keung, holds 528,948,012 shares, accounting for 58.30% of the total shares[52]. - The board members hold a total of 51,400,000 shares, representing 5.66% of the total shares[52]. - A subscription agreement was signed on November 24, 2025, to issue 100,800,000 new shares at HKD 0.7 each[49]. Impairments and Losses - The group holds a 20% stake in Beijing Poly Hotel, which has been fully impaired with a loss of HKD 136,200,000 due to unfavorable factors including potential land recovery and lack of cooperation from major shareholders[35]. - The company reported impairment losses on property, plant, and equipment of HKD 7,293,000 for the six months ended September 30, 2025, down from HKD 11,525,000 in 2024[104]. - The group recognized a loss of HKD 220,408,000 from the sale of its 50% stake in Bayshore Ventures JV Ltd., which was sold for CAD 18,500,000 (approximately HKD 106,781,000)[115]. Future Outlook and Strategic Plans - Despite weak economic indicators, the group anticipates continued global economic recovery and plans to enhance operational efficiency and cash flow management[46]. - The group will cautiously explore potential property development projects outside of China, Macau, and Canada to support future growth[46]. - The group expects to improve liquidity and operating cash flow over the next twelve months through the sale of property inventory[87]. Employee and Management Information - The total number of employees as of September 30, 2025, is 121, an increase from 119 as of March 31, 2025[47]. - The company reported a total of HKD 6,851,000 in short-term benefits for key management personnel for the six months ended September 30, 2025, unchanged from the previous year[150]. Corporate Governance and Compliance - The audit committee reviewed the accounting principles and practices adopted by the group, discussing financial reporting and internal control matters[68]. - The company has adhered to all applicable corporate governance codes and principles during the period, despite the absence of a CEO[69].

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： ITC PROPERTIES GROUP LIMITED 德祥地產集團有限公司 呈交日期： 2025年12月22日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00199 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | 事件 | | | 已發行股份（不包括庫存股份）變動 | 庫存股份變動 | 每股發行/出售 ...

Core Viewpoint - 德祥地产 has announced the issuance of new shares to The Reynold Lemkins Group (Asia) Limited at a subscription price of HKD 0.7 per share, with a total of 100.8 million new shares to be issued, resulting in net proceeds of approximately HKD 68.76 million [1] Group 1 - The subscription agreement is set to be implemented on December 22, 2025 [1] - The total number of new shares to be issued is 100.8 million [1] - The net proceeds from the issuance are approximately HKD 68.76 million [1]

Core Viewpoint - 德祥地产 has successfully completed the conditions outlined in the subscription agreement and has issued a total of 100.8 million new shares at a subscription price of HKD 0.7 per share, effective December 22, 2025 [1] Group 1 - The 100.8 million shares represent approximately 11.11% of the company's total issued shares prior to the completion of the subscription [1] - After the issuance of the new shares, they will account for about 10.00% of the enlarged total issued shares of the company [1]

Core Viewpoint - 德祥地产 has successfully completed the conditions outlined in the subscription agreement, issuing a total of 100.8 million new shares at a subscription price of HKD 0.7 per share, effective December 22, 2025 [1] Group 1 - The 100.8 million subscription shares represent approximately 11.11% of the company's total issued shares prior to completion [1] - After the issuance, the new shares will account for about 10.00% of the enlarged total issued shares 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，概不對因本公佈全 部或任何部分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。 （於百慕達註冊成立之有限公司） （股份代號：199） 完成 根據一般授權 向認購方發行新股份 認購方 茲提述德祥地產集團有限公司日期為 2025 年 11 月 25 日、2025 年 12 月 8 日及 2025 年 12 月 11 日之公佈，內容均有關根據一般授權向認購方 The Reynold Lemkins Group (Asia) Limited 發行新股份（統稱「該等 公佈」）。除另有界定外，本公佈所用之詞彙與該等公佈所界定者具有相 同涵義。 完成認購事項 董事會欣然宣佈，認購協議所載之所有條件均已獲達成，完成亦已根據認 購協議之條款及條件於202 5年1 2月2 2日落實，據此，已向認購方按每股 認購股份港幣0.7元之認購價配發及發行合共100,800,000股新股份。 該 100,800,000 股 認購股份 於緊接完成前 佔 本 公 司 已發行股 份總數 約 11.11%， 以及於緊接完 ...

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 對 因 本 公 佈 全 部 或 任 何 部 分 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。 （ 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股 份 代 號：199） 有 關 根據一般授權 向認購方發行新股份之 補充公佈 茲提述德祥地產集團有限公司日期為2025年11月25日 之 公 佈（「該公佈」），內 容 有 關 根 據 一 般 授 權 向 認 購 方 發 行 新 股 份。除 另 有 界 定 外，本 公 佈 所 用 之 詞 彙 與 該 公 佈 所 界 定 者 具 有 相 同 涵 義。 – 2 – (i) 資產提供者責任 (a) 內 部 員 工 必 須 驗 證 物 業 數 據、法 律 文 件、租 賃 資 訊、估 值 輸 入 及 生 命 週 期 記 錄；及 (b) 於 向 供 應 商 或 持 牌 合 ...

Core Points - 德祥地产 announced an extension for the completion date of the issuance of a total of 100.8 million shares [1] - The new completion date is set to December 15, 2025, or a later date agreed upon in writing by the parties involved [1] - The extension is due to the need for additional time to meet the conditions of the subscription agreement [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，概不對因本公佈全部或任何 部分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。 （於百慕達註冊成立之有限公司） （股份代號：199） 根據一般授權向認購方 發行新股份 延長達成日期 認購方 承董事會命 德祥地產集團有限公司 主席 張漢傑 香港，202 5年12月8日 * 僅供識別 - 1 - 於本公佈日期，董事如下： 執行董事： 張漢傑先生 （ 主席） 、 陳 國強博 士 （ 聯 席副主席 ） 、 陳耀麟先生、 羅漢華先生 （ 首席財務總監） 茲提述 德祥地產集團有限公司 （ 「 本公司 」 ） 日期為2025 年 1 1 月2 5 日 有關 根據一般授權向認購方發行本公司新股份之公佈（「該公佈」）。除另有界 定外，本公佈所採用之詞彙與該公佈所界定者具有相同涵義。 誠如該公佈所披露，完成須待條件獲達成（或獲豁免，視情況而定）方可作 實，但不得遲於達成日期（即2025年12月8日）或訂約各方以書面形式協定 之其他日期。 由於需要額外時間達成條件，本公司與認購方於2025年12月8日就 ...

Group 1 - The Reynold Lemkins Group (Asia) Limited increased its stake in 德祥地产 (00199) by acquiring 100.8 million shares at a price of HKD 0.70 per share, totaling approximately HKD 70.56 million [1] - Following the acquisition, the total number of shares held by The Reynold Lemkins Group is approximately 100.8 million, representing an ownership stake of 11.11% [1] - The transaction involves related parties, including Reynold Lemkins Holding CO., LTD, The Reynold Lemkins Group, and Liu Haoran [1]