Core Viewpoint - 德祥地产 has entered into a subscription agreement with The Reynold Lemkins Group (Asia) Limited, led by entrepreneur Liu Haoran, to issue a total of 100.8 million subscription shares at a price of HKD 0.7 per share, representing a discount of approximately 16.67% from the closing price of HKD 0.84 [1] Group 1 - The subscription shares represent about 11.11% of the total issued shares as of the announcement date [1] - The net proceeds of approximately HKD 68.76 million will be used for strategic transformation and upgrading of the traditional real estate business through integration into the Web3 ecosystem [1] - The funds will also be allocated to strategic projects and resources beneficial for core business development and capital structure optimization, expanding strategic partnerships, and general working capital [1] Group 2 - The company has applied for a temporary suspension of trading on the Hong Kong Stock Exchange starting from 9:00 AM on November 24, 2025, pending the publication of this announcement [1] - Trading is expected to resume on November 25, 2025, at 9:00 AM [1]

Core Viewpoint - 德祥地产 has entered into a subscription agreement with The Reynold Lemkins Group (Asia) Limited to issue a total of 100.8 million subscription shares at HKD 0.7 per share, representing a discount of approximately 16.67% compared to the last closing price of HKD 0.84 [1] Financial Summary - The net proceeds from the subscription are approximately HKD 68.76 million, which will be used for strategic transformation and upgrading of the company's traditional real estate business through integration into the Web3 ecosystem [1] - The funds will also support strategic projects and resources that benefit core business development and capital structure optimization, expand strategic partnerships, and enhance regional market coverage, as well as general working capital [1] Market Activity - The company has applied to the Stock Exchange for the resumption of trading of its shares starting from 9:00 AM on November 25, 2025 [1] Ownership Information - The ultimate beneficial owner of the subscriber is entrepreneur Liu Haoran [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 及 恢復買賣 認購方 財務顧問 董 事 會 欣 然 宣 佈，本 公 司 與 認 購 方 已 於2025年11月24日（交 易 時 段 前）訂 立 認 購 協 議，據 此，本 公 司 同 意（根 據 一 般 授 權）發 行 合 共100,800,000股 認 購 股 份， 而認購方則同意按每股認購股份港幣0.7元 之 認 購 價 認 購 該 等 股 份。 認購股份佔本公佈日期已發行股份總數之約11.11%，並 佔 認 購 股 份 經 配 發 及發行所擴大後之已發行股份總數約10.00%，惟 此 乃 假 設 ...

Core Viewpoint - 德祥地产, led by "shell king" Chen Guoqiang, announced a short trading suspension to publish news regarding the subscription of new shares, following a nearly 300% increase in stock price since September [1] Group 1: Company Overview - 德祥地产 is currently experiencing significant market activity, with its stock price surging nearly 300% since September [1] - The company is positioned at a pivotal moment in the Hong Kong market, which is undergoing deep restructuring and transformation [8] Group 2: Industry Context - The Hong Kong capital market is witnessing a generational shift, with new forces and technologies emerging as traditional players fade [7] - The market is increasingly valuing companies with technological transformation capabilities and resource integration abilities, aligning with broader trends in artificial intelligence and digital assets [8]

智通财经APP讯，德祥地产(00199)公布，公司的股份将于2025年11月24日上午九时正起于香港联合交易 所有限公司短暂停止买卖，以待刊发有关认购公司新股份(内含内幕消息)的公布。 （原标题：德祥地产(00199)11月24日停牌 以待发布认购公司新股份的消息） ...

德祥地产(00199)公布，公司的股份将于2025年11月24日上午九时正起于香港联合交易所有限公司短暂 停止买卖，以待刊发有关认购公司新股份(内含内幕消息)的公布。 ...

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） 短暫停牌 應 德祥地產集團有限公司（「 本公司 」 ） 要求，本公司之股份將於 2 0 25 年 11 月 24 日上午九時正起於香港聯合交易所有限公司 短 暫 停 止 買賣，以待刊發有關認購本公司新股份（內含內幕消息）之公佈。 承董事會命 德祥地產集團有限公司 主席 張漢傑 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） 非執行董事： 周美華女士 獨立非執行董事： 石禮謙，GBS ， J P （聯席副主席） 、葉瀚華先生、彭銘東先生 本公佈中、英文版如有任何歧義，概以英文版為準。 * 僅供識別 香港，2 02 5年11月24日 ...

Core Viewpoint - 德祥地产 reported a decline in revenue and an increase in losses, reflecting the ongoing challenges in the real estate market, particularly in commercial properties [1] Financial Performance - The company achieved revenue of HKD 7.042 million, a year-on-year decrease of 27.38% [1] - Loss attributable to shareholders was HKD 121 million, a year-on-year decrease of 76.07% [1] - Basic loss per share was HKD 0.13 [1] Market Conditions - The real estate market remains sluggish, especially in the commercial sector, leading to continued property valuation losses [1] - The valuation loss was lower than the same period last year due to no recognized impairment losses on property inventory [1] Investment Property Valuation - The fair value of the group's investment properties decreased by HKD 27 million (compared to HKD 45 million on September 30, 2024) [1] - This decrease was offset by a fair value loss of HKD 71.3 million from a jointly held commercial property in China (compared to HKD 43.9 million on September 30, 2024) [1]

Core Insights - The company reported a revenue of HKD 7.042 million for the six months ending September 30, 2025, representing a year-on-year decrease of 27.38% [1] - The loss attributable to shareholders was HKD 121 million, a reduction of 76.07% compared to the previous year [1] - Basic loss per share was HKD 0.13 [1] Financial Performance - The decline in revenue is attributed to a sluggish real estate market, particularly in the commercial property sector [1] - The company continued to incur property valuation losses during the period, although these losses were lower than the same period last year [1] - There were no recognized impairment losses on property inventory during this period, contributing to the reduced loss [1] Property Valuation - The fair value of the company's investment properties decreased by HKD 27 million, down from HKD 45 million as of September 30, 2024 [1] - This decrease was offset by a fair value loss of HKD 71.3 million from a commercial property held by a joint venture in China, which increased from HKD 43.9 million as of September 30, 2024 [1]

Core Viewpoint - 德祥地产 continues to face a complex and unstable business environment, with a slight decrease in revenue and a significant reduction in net loss compared to the previous year [1] Financial Performance - The group's revenue for the six months ending September 30, 2025, remained low at HKD 7 million, a slight decrease from HKD 9.7 million in the same period last year [1] - The net loss attributable to shareholders significantly decreased to HKD 120 million, compared to HKD 504 million in the same period last year [1] - The board has decided not to declare an interim dividend for this period (2024: none) [1]