Revenue and Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 7 million, a slight decrease from HKD 9.7 million in the same period last year[6] - The group reported a revenue of HKD 9,697,000 for the six months ending September 30, 2025, compared to HKD 7,042,000 for the same period in 2024, representing an increase of approximately 37.5%[30] - The group's property income was HKD 4,631,000, up from HKD 3,522,000, indicating a growth of about 31.6% year-over-year[30] - The group recorded a total revenue of HKD 7,042,000 for the six months ended September 30, 2025, with a segment loss of HKD 20,749,000[40] Losses and Expenses - The net loss attributable to the company's owners for the period was HKD 120.7 million, significantly reduced from HKD 504.3 million in the previous year[8] - Basic loss per share improved to HKD 0.56 from HKD 1.3 in the same period last year[3] - The group experienced a pre-tax loss of HKD 529,637,000 for the current period, compared to a loss of HKD 144,425,000 in the previous year, reflecting a significant increase in losses[30] - The group reported a loss attributable to shareholders of HKD 120,700,000 as of September 30, 2025, with total liabilities of HKD 294,400,000[24] - The group reported a loss attributable to equity holders of HKD 120,671,000 for the current period, compared to a loss of HKD 504,298,000 in the previous year[30] - Total comprehensive expenses for the period amounted to HKD 125,895,000, down from HKD 479,205,000 year-over-year[31] Property and Segment Performance - The group recorded a property valuation loss of HKD 27 million, down from HKD 45 million in the previous year[7] - The loss from the property segment decreased to HKD 119.7 million from HKD 229.3 million in the previous year[10] - The contribution from a luxury residential project in Macau decreased to HKD 10.8 million from HKD 33 million in the previous year[11] - The group’s property segment generated a revenue of HKD 3,522,000 but incurred a loss of HKD 37,814,000 for the six months ended September 30, 2025[40] - The group’s financing segment reported a revenue of HKD 3,520,000 with a profit of HKD 2,306,000 for the six months ended September 30, 2025[40] Liquidity and Financial Position - The group's total borrowings amounted to HKD 752,700,000 as of September 30, 2025, with HKD 391,300,000 overdue, indicating significant liquidity risk[22] - The net asset liability ratio as of September 30, 2025, was 0.36, down from 0.41 on March 31, 2025, after deducting cash and cash equivalents of HKD 17,400,000[21] - The company has a net current liability of HKD 294,358,000 as of September 30, 2025[35] - The company plans to sell properties to enhance liquidity and provide additional financial resources[35] - The group aims to improve liquidity and operating cash flow through property inventory sales over the next twelve months[24] - The group is actively seeking refinancing and new funding sources, with no immediate repayment requests received for overdue borrowings totaling HKD 391,300,000[24] Operational and Strategic Initiatives - The group plans to continue a cautious approach, reviewing its business strategies and enhancing operational efficiency to navigate ongoing economic challenges[29] - The group aims to implement strict cash flow management and explore potential property development projects outside of China, Macau, and Canada[29] - The group expects to seek new funding from investors and capital markets to support future growth initiatives[29] Corporate Governance and Compliance - The company continues to adhere to high standards of corporate governance and regulatory compliance, ensuring transparency and accountability to its shareholders[56] Other Financial Metrics - The group recorded interest income of HKD 3,500,000 for the period, down from HKD 5,100,000 in the previous year, with an expected credit loss provision of HKD 1,100,000[20] - The group reported an unrealized foreign exchange gain of HKD 20,900,000 due to the appreciation of CAD and RMB during the period[23] - The group has a general credit facility secured by assets totaling HKD 1,630,400,000, including investment properties and machinery[26] - The average credit period granted to trade customers remains at 60 days, unchanged from the previous reporting period[50] - The company has reassessed its investment in Beijing Poly and determined that its significant influence remains limited, maintaining the carrying value of its interest at zero[49] - The number of employees as of September 30, 2025, was 121, an increase from 119 as of March 31, 2025[53]

Core Viewpoint - 德祥地产预计截至2025年9月30日的六个月内，公司拥有人应占净亏损将不低于1亿港元，相比2024年同期的约5.04亿港元，显示出亏损的显著减少 [1] Financial Performance - 预计本期间净亏损减少的主要因素包括：房地产市场依然低迷，尤其是商业房地产，集团预计将继续面临物业估值亏损，但该亏损预计低于2024年期间的亏损 [1] - 预计本期间物业存货的减值亏损将为零，而2024年期间为8500万港元 [1] - 集团投资物业的公平值减少预计为不少于2000万港元，低于2024年期间的4500万港元 [1] - 应占合营公司在中国的商业物业公平值亏损预计为不少于7000万港元，较2024年期间的4390万港元有所增加 [1] Cost Management - 由于2025年3月出售一个海外物业，营运成本预计将降低 [1] - 集团持续执行严格的成本控制措施，预计行政及一般费用将减少至不少于5000万港元，较2024年期间的1.07亿港元大幅下降 [1] - 2024年期间因出售加拿大一间酒店物业的50%权益而产生的约2.2亿港元的亏损在本期间将不再存在 [1]

Core Viewpoint - 德祥地产预计截至2025年9月30日的六个月内将实现净亏损不低于1亿港元，相较于2024年同期的5.04亿港元，显示出亏损的显著减少 [1] Financial Performance - 预计本期间的净亏损减少主要归因于房地产市场的低迷，尤其是商业房地产，尽管仍将面临物业估值亏损 [1] - 预计本期间的物业估值亏损将低于2024年期间的亏损，主要由于本期间没有已确认为销售成本的物业存货减值亏损（2024年期间为8500万港元） [1] - 集团投资物业的公平值预计减少不少于2000万港元（2024年期间为4500万港元），但将被合营公司在中国的商业物业公平值亏损（不少于7000万港元，2024年期间为4390万港元）所抵消 [1] Cost Management - 由于2025年3月出售一个海外物业，营运成本预计将降低 [1] - 集团实施严格的成本控制措施，预计行政及一般费用将减少至不少于5000万港元（2024年期间为1.07亿港元） [1] - 2024年期间因出售加拿大一间酒店物业的50%权益而产生的约2.2亿港元的亏损在本期间将不再存在 [1]

Core Viewpoint - 德祥地产预计截至2025年9月30日的六个月内，将录得不少于港币1亿元的净亏损，相较于2024年同期的港币5.043亿元亏损有所改善 [1] Financial Performance - 预计净亏损为不少于港币1亿元 [1] - 2024年同期净亏损为港币5.043亿元，显示出亏损的减少 [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：1 9 9） 盈利警告 虧損減少 本公佈乃由德祥地產集團有限公司（「 本公司」，連同其附屬公司統稱 「 本集團 」 ） 根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則 （ 「 上 市 規 則」）第1 3. 09條及證券及期貨條例（香港法例第 5 71章）第X IV A部之 內幕消息條文（定義見上市規則）而作出。 預期本期間淨虧損減少之主要因素如下︰ 本公司董事會（「董事會」）謹此知會本公司股東（「股東」）及有意 投資者，根據本集團截至2 02 5年9月3 0日止六個月（「本期間」）之未 經審核綜合管理賬目最近期之審閱，本集團預期於本期間將錄得本公司 擁 有 人 應 佔 淨 虧 損 不 少 於 港 幣 1 00 ,0 00 , 00 0 元 ， 相 比 截 至 2 02 4 年 9 月 3 0日止六個月（「20 2 4期間」）約為港幣 ...

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: ITC PROPERTIES GROUP LIMITED 德祥地產集團有限公司 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 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) | 00199 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 40,000,000,000 | HKD | | 0.01 HKD | | 400,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | | 40,000,000,000 | HKD | | 0.01 HKD | | 400 ...

Core Viewpoint - 德祥地产将于2025年11月17日召开董事会会议，以批准截至2025年9月30日的中期业绩，并考虑派发中期股息 [1] Summary by Categories - **Company Meeting** - The board meeting is scheduled for November 17, 2025 [1] - **Financial Performance** - The meeting will approve the interim results for the six months ending September 30, 2025 [1] - **Dividend Consideration** - The board will also consider the distribution of an interim dividend, if applicable [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 2025 年 1 1 月 17 日（星期一）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 2025 年 9 月 30 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 德祥地產集團有限公司 公司秘書 黃少敏 香港，2025 年 1 0 月 3 1 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） 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 本公佈中、英文版如有任何歧義，概以英文版為準。 * 僅供識別 ...

Summary of Key Points Core Viewpoint - As of October 28, a total of 94 stocks reached their 52-week highs, indicating a positive trend in the market, with notable performances from Xingming Holdings, Dexiang Real Estate, and Shetu Holdings, which achieved high rates of 65.00%, 47.83%, and 31.94% respectively [1]. Group 1: Stocks Reaching 52-Week Highs - Xingming Holdings (08425) closed at 0.132 with a high of 0.132, achieving a high rate of 65.00% [1] - Dexiang Real Estate (00199) closed at 0.670 with a high of 0.680, achieving a high rate of 47.83% [1] - Shetu Holdings (08392) closed at 0.078 with a high of 0.095, achieving a high rate of 31.94% [1] - Wanli Printing (08385) reached a high rate of 16.67% [1] - Senhao Group (08285) reached a high rate of 12.31% [1] Group 2: Additional Stocks with Notable Highs - St. Tang Holdings (08305) closed at 0.680 with a high of 0.730, achieving a high rate of 7.35% [1] - Yide Investment Holdings (06182) closed at 0.950 with a high of 0.960, achieving a high rate of 6.67% [1] - Junyu Foundation (01757) closed at 0.710 with a high of 0.820, achieving a high rate of 6.49% [1] Group 3: Stocks Reaching 52-Week Lows - FSM Holdings (01721) reached a low rate of -32.94% [3] - Far East Holdings International (00036) reached a low rate of -27.75% [3] - Kun Group (00924) reached a low rate of -26.81% [3] - China New Economy Equity (02958) reached a low rate of -26.04% [3] - Daohe Global (00915) reached a low rate of -13.33% [3]

Core Viewpoint - Alibaba and Ant Group have acquired the top 13 floors of the "One Island East" building in Hong Kong for $925 million, aiming to establish their headquarters in the city, marking a significant real estate transaction during a downturn in the market [1][4]. Group 1: Transaction Details - The seller, Mandarin Oriental Hotel Group, is controlled by the British Keswick family through the Jardine Matheson Group [2]. - The transaction is expected to be the largest commercial property sale in Hong Kong this year, with the Keswick family still making substantial profits despite selling during a market low [4]. - The average price per square meter for the property is approximately HKD 235,500, with a total floor area of about 301,600 square feet [10]. Group 2: Property Background - "One Island East" was previously the East Hotel, which was converted into a Grade A office building after its closure in March 2019, with an investment of around HKD 5 billion [8]. - The property is strategically located near the subway, offering sea views and proximity to major shopping centers, making it a prime asset [6]. Group 3: Market Context - The value of some office buildings in Hong Kong has decreased by 30%-40% compared to peak levels, with high vacancy rates [8]. - The property was previously estimated at HKD 27 billion in 2017, but the current valuation is around HKD 14 billion, indicating a nearly 50% discount [11]. Group 4: Strategic Moves by Keswick Family - The sale is part of a broader strategy by the Keswick family to restructure their asset portfolio, which includes a plan for privatization of Mandarin Oriental [12][13]. - The family aims to simplify corporate structure and enhance hotel business development through full ownership [16]. - The proceeds from the sale will contribute to a special dividend for shareholders as part of the privatization offer [17]. Group 5: Future Prospects - The entry of a Fortune 500 company like Alibaba is expected to attract other businesses to the "One Island East" project, enhancing its value [11]. - Mandarin Oriental is actively expanding in mainland China, with plans for new luxury hotels and properties in key urban areas [19].