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。 本 公 佈 乃 由 德 祥 地 產 集 團 有 限 公 司（「本公司」）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條 及 證 券 及 期 貨 條 例（香 港 法 例 第571章）第 XIVA部 之 內 幕 消 息 條 文（定 義 見 上 市 規 則）而 作 出。 本 公 司 謹 此 通 知 本 公 司 股 東（「股 東」）及 有 意 投 資 者，於2024年12月23日，本 公 司 之 間 接 全 資 附 屬 公 司 三 亞 創 新 產 業 開 發 有 限 公 司（「三亞創新」）收 到 三 亞 市 人 民 政 府（「三亞政府」）日 期 為2024年12月20日 ...

Please be informed that the English and Chinese versions of the Current Corporate Communication are available on the website of the Company at www.itcproperties.com and the website of The Stock Exchange of Hong Kong Limited (the "Stock Exchange") at www.hkexnews.hk. You may access the Current Corporate Communication by clicking "Investor Relations" section of the Company's website, or browsing through the Stock Exchange's website. If you have elected to receive all the Company's Corporate Communications(2) ...

Financial Performance - The group recorded a total loss attributable to the company's owners of HKD 504,300,000 and a net cash outflow from operations of HKD 58,600,000 as of September 30, 2024[12]. - The company reported a net loss of HKD 529,680,000 for the six months ended September 30, 2024, compared to a loss of HKD 183,939,000 in the same period of 2023[77]. - The company reported a net loss attributable to shareholders of HKD 504,298,000 for the six months ended September 30, 2024, compared to a loss of HKD 161,039,000 for the same period in 2023[154]. - The company reported a loss of HKD 529,680,000 for the period, compared to a loss of HKD 184,004,000 in the previous year, indicating a worsening financial position[60]. - The gross loss from property income was HKD 82,533,000, compared to a gross profit of HKD 1,062,000 in the prior year[57]. - The total revenue for the six months ended September 30, 2024, was HKD 9,697,000, a decrease of 90.4% compared to HKD 100,848,000 in the same period of 2023[57]. - Revenue from property sales was HKD 0 for the six months ended September 30, 2024, down from HKD 90,000,000 in the same period of 2023[93]. - The company’s financial expenses increased significantly to HKD 65,870,000 from HKD 36,599,000, reflecting higher borrowing costs[57]. - The company incurred a significant operating loss of HKD 220,132,000 for the six months ended September 30, 2024, compared to an operating loss of HKD 109,651,000 for the same period in 2023[95]. - The property segment recorded a loss of HKD 229.3 million, compared to HKD 103.1 million in the same period last year[111]. Assets and Liabilities - The company's total assets decreased to HKD 2,795,665,000 as of September 30, 2024, down from HKD 3,394,440,000 as of March 31, 2024[63]. - The total liabilities as of September 30, 2024, were not explicitly stated but included various categories such as bank borrowings and lease liabilities[142]. - The group’s total bank and other borrowings amounted to HKD 1,182,900,000, with cash and cash equivalents of HKD 17,200,000, indicating significant uncertainty regarding the group's ability to continue as a going concern[12]. - The outstanding bank financing for joint ventures amounted to HKD 45,100,000 and HKD 138,400,000, with maximum guarantees provided by the group of HKD 91,100,000 and HKD 225,500,000 respectively[20]. - The company reported a net decrease in cash and cash equivalents to HKD 17,222,000 from HKD 24,743,000[63]. - The company experienced a decrease in cash and cash equivalents, ending the period with HKD 17,222,000, down from HKD 59,009,000 a year earlier[73]. - The group had overdue bank borrowings with a book value of HKD 396,000,000[194]. - The company reported a cumulative reclassification of a loss of HKD 29,182,000 to profit or loss due to the sale of the joint venture[170]. Investments and Joint Ventures - The group assessed the minimum realizable value of its investment in Beijing Poly as zero, leading to a total book cost loss of HKD 136,200,000 as of March 31, 2024[3]. - The group has initiated legal proceedings against Beijing Poly for non-compliance with Chinese company law, seeking access to statutory documents and accounting records[2]. - The group recognized impairment losses on commercial property inventory of HKD 85 million and a fair value reduction of investment properties amounting to HKD 45 million[109]. - The share of losses from joint ventures after acquisition was HKD 776,609,000 for the six months ended September 30, 2024, compared to HKD 852,931,000 for the same period in the previous year, reflecting a decrease of 8.9%[162]. - The group sold its entire 50% stake in Bayshore for CAD 18,500,000 (approximately HKD 106,781,000), resulting in a loss of HKD 220,408,000 on the sale of joint venture equity[170]. - The group’s shareholding in Beijing Poly remains at 20% as of September 30, 2024, unchanged from March 31, 2024[175]. - The group’s total other payables, deposits, and accrued expenses included non-trade amounts of HKD 182,103,000 as of September 30, 2024, down from HKD 193,423,000 as of March 31, 2024[193]. Operational Strategies and Future Outlook - The group plans to sell property projects to enhance liquidity and ensure revenue amidst a challenging global economic environment[23]. - The group continues to implement cost control measures to manage administrative and operational expenses[15]. - The group expects continued uncertainty in the global property market due to deteriorating economic conditions and potential tariffs in the US[23]. - The group is actively seeking refinancing options for HKD 396,000,000 of borrowings that are overdue, with discussions ongoing with lenders[17]. - The group aims to enhance liquidity by strategically selling specific properties and joint ventures to realize cash and value[77]. - The group is negotiating land premium assessments for a redevelopment project in To Kwa Wan, where the property was demolished in August 2022[114]. - The group has taken measures to improve liquidity and financial conditions amid ongoing geopolitical tensions and inflationary pressures[107]. - The group continues to adopt a going concern basis in preparing its financial statements, anticipating sufficient resources to continue operations for the foreseeable future[86]. Shareholder Information - The issued share capital remained unchanged at 907,198,410 shares as of September 30, 2024[25]. - The total number of shares held by major shareholders is approximately 528,948,012, representing 58.30% of the total issued shares[41]. - Major shareholder Ms. Wu Wanlan holds 261,172,919 shares, accounting for 28.78% of the total issued shares[42]. - The weighted average number of ordinary shares used for calculating basic and diluted loss per share was 907,198,410 for the six months ended September 30, 2024[156]. - The company did not declare an interim dividend for the six months ended September 30, 2024, consistent with the previous year[154]. Corporate Governance - The company is committed to maintaining high standards of corporate governance and compliance with statutory and regulatory requirements[49]. - The interim results for the period have not been audited or reviewed by the company's auditor, Deloitte[48].

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，概不對因本公佈全 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。 誠如豁免公佈所述，聯交所早前已授出該豁免，條件為通函須於2 02 4年 1 2月1 3日或之前寄發予股東。由於本公司需要更多時間編製及落實相關 資料以供載入通函，因此，本公司已進一步向聯交所申請豁免嚴格遵守 上市規則第 14 .4 1( a) 條之規定 及 延 後 寄 發 通 函 的 日 期 至 不 遲 於 2 02 5 年 1月13日。 承董事會命 德祥地產集團有限公司 主席 張漢傑 香港，2 02 4年12月13日 （於百慕達註冊成立之有限公司） （股份代號：1 9 9） 進一步延遲寄發通函 茲提述（i）德祥地產集團有限公司（「 本公司」）日期為2 02 4年1 0月 3 1日有關本公司就該等出售事項的主要交易之公佈（「該公佈」），及 （i i）本公司日期為2024年1 1月8日有關獲授該豁免之公佈（「豁免公 佈」）。除另有界定外，本公佈所採用之詞彙與該公佈及豁免公佈所界 定者具有相同涵義。 於本公 ...

Financial Performance - For the six months ended September 30, 2024, the company reported revenue of HKD 10 million, a decrease of 90.1% from HKD 101 million in the same period last year[3]. - The group recorded a loss attributable to owners of the company of HKD 504 million, compared to a loss of HKD 161 million in the previous year, representing an increase of 212.4%[3][10]. - The basic loss per share was HKD 0.56, compared to HKD 0.18 in the same period last year[3]. - The group reported a revenue of HKD 9,697,000 for the six months ended September 30, 2024, a decrease of 90.4% compared to HKD 100,848,000 for the same period in 2023[53]. - The total comprehensive loss for the period was HKD (479,205,000), compared to HKD (244,867,000) in the same period last year, highlighting increased financial challenges[55]. - The group incurred a total operating loss of HKD 109,651,000 for the six months ended September 30, 2024, compared to a loss of HKD 72,421,000 in the prior year[75]. - The group reported a basic and diluted loss per share of HKD 555.56 for the six months ended September 30, 2024, compared to HKD 176.00 in the same period of 2023[82]. - The total loss attributable to owners of the company for the six months ended September 30, 2024, was HKD 504,298,000, significantly higher than the loss of HKD 161,039,000 in the prior year[82]. Asset Management - The group recognized impairment losses on commercial property inventory of HKD 85 million and a fair value decrease of HKD 45 million on investment properties[10]. - Non-current assets decreased to HKD 2,551,016,000 as of September 30, 2024, down from HKD 3,194,076,000 as of March 31, 2024, indicating a reduction in asset value[58]. - The group’s equity in the joint venture, Beijing Poly, was fully impaired at HKD 136,223,000 as of March 31, 2024, resulting in a net book value of zero as of September 30, 2024[85]. - The group has pledged assets totaling HKD 1,015,500,000 in joint ventures and HKD 424,000,000 in investment properties as collateral for bank financing[47]. Cash Flow and Debt - The group recorded a loss attributable to shareholders of HKD 504,300,000 and an operating cash outflow of HKD 58,600,000 during the period[39]. - The group has bank and other borrowings totaling HKD 1,182,900,000, while cash and cash equivalents stand at HKD 17,200,000, indicating significant uncertainty regarding the group's ability to continue as a going concern[39]. - As of September 30, 2024, the total borrowings of the group amounted to HKD 982,900,000, with HKD 396,000,000 overdue[38]. - The total bank and other borrowings of the Group were HKD 1,182,900,000, resulting in a net debt-to-equity ratio of 0.47 as of September 30, 2024[37]. - The company is actively seeking refinancing for its overdue borrowings of HKD 396,000,000, with HKD 4,700,000 already repaid[65]. Operational Challenges - The group anticipates ongoing business challenges in the second half of the year due to economic uncertainties and potential tariffs in the US[51]. - The group continues to implement measures to control administrative and operational costs, expecting improved financial conditions and sufficient working capital for the next twelve months[44]. - The ability to continue as a going concern depends on successfully identifying buyers for asset sales, completing refinancing, and effectively controlling costs[69]. Investments and Divestitures - The group sold its 50% stake in Bayshore Ventures JV Ltd., resulting in a loss of HKD 220.4 million, but improved cash flow and reduced refinancing risks[8]. - The group sold a 10% stake in a residential redevelopment project in Vancouver, retaining an 18% stake post-transaction[19]. - On August 28, 2024, the group sold its 50% interest in a joint venture in Canada for CAD 18,500,000 (approximately HKD 106,800,000), generating cash inflow of approximately HKD 34,600,000[41]. - The group has entered into agreements to sell a 10% interest in a joint venture for CAD 5,360,000 (approximately HKD 30,600,000), which is expected to generate cash inflow of HKD 30,600,000[42]. Legal Matters - The Group has initiated legal proceedings against the major shareholder of Beijing Poly Hotel due to operational control issues, with no response received thus far[26]. - The company has initiated legal proceedings against Beijing Poly for breach of Chinese Company Law, with documents submitted to the Chinese court[87]. Corporate Governance - The group has maintained a commitment to high standards of corporate governance and compliance with regulatory requirements[93]. - The interim results for the period have not been audited or reviewed by the company's auditors, Deloitte[96]. - The mid-term performance announcement is published on the Hong Kong Stock Exchange website and the company's website[98].

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。 * 僅供識別 - 1 - (1) 於2024年8月，本集團出售其全部於Bayshore Ventures JV Ltd.的50% 權益，該公司間接持有及經營於加拿大的酒店溫哥華灣岸威斯汀酒 店。有關該出售詳情已於日期分別為2024年8月26日及2024年9月25日 之本公司公佈及通函內披露。預計本期間出售合營公司權益之虧損不 少於港幣220,000,000元。 (2) 由於全球投資市場放緩及不明朗因素，加上商用物業領域面對根本性 的挑戰，本集團預計於本期間本集團之物業價值下降，將導致(i) 已確 認為銷售成本之商業物業存貨（包括香港及海外物業）之減值虧損不 少於港幣80,000,000元（2023期間：無）；(ii) 確認本集團的一個投資 商業物業 之公 平 值 減少不少於港幣40,000,000元 （2023 期 間：港幣 35,000,000元）；(iii) 本集團物業、廠房及設備減值虧損不少於港幣 ...

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，概不對因本公佈全 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。 （於百慕達註冊成立之有限公司） （股份代號：199） 董事會會議日期 德祥地產集團有限公司（「本公司」）謹此宣佈，本公司將於 202 4 年 1 1 月 27 日 （ 星 期 三 ） 舉行董事會 （ 「 董事會 」 ） 會議，藉以 （ 其中包 括 ） 批准本公司及其附屬公司截至 2024 年 9 月 3 0 日 止 六個月之中期業 績，以及考慮派發中期股息（如有）。 承董事會命 非執行董事： 周美華女士 獨立非執行董事： 石禮謙，GBS ， JP （聯席副主席） 、葉瀚華先生、彭銘東先生 德祥地產集團有限公司 公司秘書 黃少敏 香港，202 4 年 1 1 月 8 日 於本公佈日期，本公司之董事如下： 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） 本公佈中、英文版如有任何歧義，概以英文版為準。 * 僅供識別 ...

（於百慕達註冊成立之有限公司） （股份代號：1 9 9） 獲授嚴格遵守 上市規則第 14.41(a)條之豁免 茲提述德祥地產集團有限公司（「本公司」）日期為2 02 4年10月3 1日之 公佈（「該公佈」），內容有關本公司有關該等出售事項的主要交易。 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，根據上市規則第14 . 41 ( a)條，載有（其中包括）有 關(i)本集團的債項聲明、(ii)本集團之營運資金是否足夠的 聲明（連同 將由本公司核數師發出的信心保證書）、及(ii i)物業之估值報告（統稱 「相關資料」）之通函（「通函」），須於該公佈刊發後十五( 15 )個營 業 日 內 寄 予 股 東 。 由 於 本 公 司 需 要 更 多 時 間 編 製 相 關 資 料 以 供 載 入 通 函 ， 本 公 司 已 向 聯 交 所 申 請 豁 免 嚴 格 遵 守 上 市 規 則 第 1 4.4 1 ( a ) 條 之 規 定，將寄發通函之期限延後至20 24年1 2月1 3日（「該豁免」）。 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的內容概不負 責，對其準確性或 ...

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 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 佈 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。 於 百 慕 達 註 冊 成 立 之 有 限 公 司 ） （股 份 代 號：199） 有 關 出售於該等有限合夥企業所持10%權益及應收貸款以及 出售於Assets Builder所 持10%權益的 主要交易 該等出售事項 董 事 會 謹 此 宣 佈，本 集 團 已 於2024年10月31日（聯 交 所 交 易 時 段 結 束 後）進 行 下 列 交 易，以 出 售 其 於Alberni JV所 持10%權 益。 (I) 出售於Development LP的有限合夥人單位 (i)本公司之一間間接全資附屬公司ITCP Alberni Holdings，(ii)Development LP之現有有限合夥人Landa Alber ...

德祥地產集團有限公司（「本公司」）董事會（「董事會」）謹此宣佈 自 2 02 4 年 1 1 月 2 5 日 起 ， 本 公 司 之 香 港 股 份 登 記 及 過 戶 分處將 更改為： 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，概不對因本公佈全 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。 （於百慕達註冊成立之有限公司） （股份代號：1 9 9） 更改香港股份登記及過戶分處 * 僅供識別 卓佳證券登記有限公司 香港夏慤道 16 號 遠東金融中心 17 樓 電話：(852) 2980 1333 傳真：(852) 2810 8185 自 20 24 年 11 月 25 日起，本公司之股份過戶及登記手續申請應送交至 卓佳證券登記有限公司辦理。於 20 2 4 年 1 1 月 22 日下午 4 時 30 分後仍 未領取之股票，可於 20 24 年 11 月 25 日起到卓佳證券登記有限公司領 取。 承董事會命 德祥地產集團有限公司 公司秘書 黃少敏 香港，2 02 4 年 1 0 月 2 5 日 - 1 - 於本 ...