Group 1 - Company WING ON CO (00289.HK) announced a share buyback on September 19, 2025, costing HKD 282,200 [1] - The company repurchased 21,000 shares at a price range of HKD 13.4 to HKD 13.44 per share [1]

Group 1 - The company WING ON CO (00289) announced a share buyback plan, committing to repurchase 21,000 shares at a total cost of HKD 282,200 [1] - The buyback price per share is set between HKD 13.40 and HKD 13.44 [1]

Group 1 - The company Wing On Co (00289) announced a share buyback on September 19, 2025, spending HKD 282,200 to repurchase 21,000 shares [1] - The buyback price ranged from HKD 13.40 to HKD 13.44 per share [1]

FF305 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) | 00289 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包括庫存股份）數 目 | | 佔有關事件前的現有已發 行股份（不包括庫存股 份）數目百分比 (註3) | 庫存股份數目 | 每股發行/出售價 (註4) | 已發行股份總數 | | 於下列日期開始時的結存(註1) | 2025年9月16 ...

NOTIFICATION LETTER 通知信函 WING ON COMPANY INTERNATIONAL LIMITED 永安國際有限公司 (Incorporated in Bermuda with limited liability) （百 慕 達 註 冊 成 立 有 限 公 司） (Stock code: 289) （股份代號︰289） 19 September 2025 Dear Non-registered Shareholder(s)(Note 1) Wing On Company International Limited (the "Company") – Notification of publication of 2025 Interim Report (the "Current Corporate Communications") The English and Chinese versions of the Current Corporate Communications are available on the Company's website at www.wingon.hk ...

19 September 2025 Dear Registered Shareholder(s) Wing On Company International Limited (the "Company") – Notification of publication of 2025 Interim Report (the "Current Corporate Communications") WING ON COMPANY INTERNATIONAL LIMITED 永安國際有限公司 (Incorporated in Bermuda with limited liability) （百 慕 達 註 冊 成 立 有 限 公 司） (Stock code: 289) （股份代號︰289） NOTIFICATION LETTER 通知信函 By Order of the Board Kwok Chi Leung Karl Chairman Notes: 2025年9月19日 各位登記股東： The English and Chinese versions of the Current Corporate Commun ...

[Company Information](index=3&type=section&id=%E5%85%AC%E5%8F%B8%E8%B3%87%E6%96%99) [Board of Directors](index=3&type=section&id=%E8%91%A3%E4%BA%8B%E6%9C%83) The Board of Directors comprises executive, independent non-executive, and alternate directors, with established audit, remuneration, and nomination committees to ensure robust corporate governance - The Board members include executive directors such as **Kwok Chi Leung** (Chairman), **Kwok Chi Hang** (Vice Chairman and CEO), **Kwok Chi Piu**, **Kwok Chi Yat**, and independent non-executive directors like **Tam Wai Chu**, **Leung Wing Ning**, **Nicholas James Debnam**, and **Choi Siu Ting** (newly appointed)[5](index=5&type=chunk) - Audit, Remuneration, and Nomination Committees are established, each chaired by an independent non-executive director[5](index=5&type=chunk) - **Kwok Wing Ching**, **Kwok Wing Tai**, **Kwok Wing Kei**, and **Kwok Wing Sin** were appointed as alternate directors on January 1, 2025[5](index=5&type=chunk) [Key Professional Advisors and Offices](index=4&type=section&id=%E4%B8%BB%E8%A6%81%E5%B0%88%E6%A5%AD%E9%A1%A7%E5%95%8F%E5%8F%8A%E8%BE%A6%E4%BA%8B%E8%99%95) The company's auditor is KPMG, the company secretary is Mr. Sin Ka Tim, and the principal office is located at 7/F, Wing On Centre, 211 Des Voeux Road Central, Hong Kong - The auditor is **KPMG**, a registered Public Interest Entity Auditor[7](index=7&type=chunk) - The company secretary is **Mr. Sin Ka Tim**, and the principal office is at 7/F, Wing On Centre, 211 Des Voeux Road Central, Hong Kong[7](index=7&type=chunk)[8](index=8&type=chunk) - The share registrar and transfer office is **Tricor Investor Services Limited**[8](index=8&type=chunk) [Chairman's Statement](index=5&type=section&id=%E8%91%A3%E4%BA%8B%E6%9C%83%E4%B8%BB%E5%B8%AD%E8%87%B4%E8%A9%9E) [Interim Results and Dividends](index=5&type=section&id=%E4%B8%AD%E6%9C%9F%E6%A5%AD%E7%B8%BE%E5%8F%8A%E8%82%A1%E6%81%AF) For the six months ended June 30, 2025, group revenue decreased by **13.3%** to **HKD 416.2 million**, primarily due to reduced department store and property investment income; despite a **HKD 150.3 million** loss attributable to shareholders, adjusted underlying profit grew **27.2%** to **HKD 321.2 million** excluding investment property revaluation losses, and the board declared an increased interim dividend of **43 HK cents** per share Key Financial Performance for H1 2025 | Indicator | H1 2025 (Million HKD) | H1 2024 (Million HKD) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 416.2 | 480.0 | -13.3% | | Loss Attributable to Shareholders | (150.3) | (239.6) | -37.3% | | Investment Portfolio Income | 219.8 | 127.8 | +72.0% | | Net Loss from Investment Property Revaluation | (470.5) | (515.8) | -8.7% | | Underlying Profit Attributable to Shareholders (Adjusted) | 321.2 | 252.6 | +27.2% | | Loss Per Share | (51.9) HK cents | (82.5) HK cents | -37.1% | | Basic Earnings Per Share (Adjusted) | 111.0 HK cents | 87.0 HK cents | +27.6% | | Interim Dividend Per Share | 43 HK cents | 32 HK cents | +34.4% | - The decrease in revenue was primarily due to reduced income from the department store business and property investment[10](index=10&type=chunk) - The reduction in loss was mainly attributable to a significant increase in investment portfolio income[10](index=10&type=chunk) [Liquidity and Financial Resources](index=6&type=section&id=%E6%B5%81%E5%8B%95%E8%B3%87%E9%87%91%E5%8F%8A%E8%B2%A1%E5%8B%99%E8%B3%87%E6%BA%90) As of June 30, 2025, the Group's shareholders' equity slightly decreased, but cash and listed marketable securities increased, total borrowings rose marginally, and the gearing ratio remained stable, indicating ample liquidity and prudent financial policies Overview of Liquidity and Financial Resources | Indicator | June 30, 2025 (Million HKD) | Dec 31, 2024 (Million HKD) | Change (%) | | :--- | :--- | :--- | :--- | | Shareholders' Equity | 16,728.4 | 16,833.2 | -0.6% | | Cash and Listed Marketable Securities | 3,624.3 | 3,256.7 | +11.3% | | Total Borrowings | 65.0 | 59.3 | +9.6% | | Gearing Ratio | 0.4% | 0.4% | 0.0% | | Total Capital Commitments | 26.8 | 58.1 | -53.9% | - The Group possesses **ample liquidity** to meet its current commitments and working capital needs[12](index=12&type=chunk) - Total borrowings consisted of a one-year Japanese Yen loan, which was fully repaid on July 28, 2025[13](index=13&type=chunk) - The Group adopts **prudent financing and financial policies**, with foreign exchange fluctuations primarily arising from net investments in subsidiaries outside Hong Kong[15](index=15&type=chunk) [Half-Year Performance Review](index=6&type=section&id=%E5%8D%8A%E5%B9%B4%E6%A5%AD%E7%B8%BE%E5%9B%9E%E9%A1%A7) In H1 2025, department store revenue declined due to reduced customer traffic and spending, resulting in an operating loss; property investment income also decreased, though Australian properties are undergoing upgrades; associate's auto dealership losses narrowed, while investment portfolio income significantly grew, and foreign exchange recorded a net gain [Department Store Business](index=6&type=section&id=%E7%99%BE%E8%B2%A8%E6%A5%AD%E5%8B%99) Hong Kong's retail sector faces ongoing challenges from overseas travel, cross-border shopping, and mainland e-commerce, leading to a **14.5%** revenue decrease to **HKD 232.8 million** and an operating loss of **HKD 38.5 million** for the department store business, despite completed renovations and ongoing merchandise adjustments - Hong Kong's retail sector faces **ongoing challenges**, including increased overseas travel, cross-border shopping, and competition from mainland e-commerce[17](index=17&type=chunk) Department Store Business Performance | Indicator | H1 2025 (Million HKD) | H1 2024 (Million HKD) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 232.8 | 272.2 | -14.5% | | Operating Loss | (38.5) | (27.0) | +42.6% | - Renovation of the Nathan Road Wing On Plus branch has been completed, and efforts are underway to **adjust the merchandise mix** to meet customer demand[18](index=18&type=chunk) [Property Investment](index=7&type=section&id=%E7%89%A9%E6%A5%AD%E6%8A%95%E8%B3%87) Property investment income decreased to **HKD 158.8 million**, with Hong Kong commercial properties seeing a **13.2%** net income reduction due to lower rents and average occupancy, while Australian Melbourne commercial office net income fell **28.4%** to **76%** occupancy, prompting a feasibility study for building facility upgrades Property Investment Income and Occupancy Rate | Indicator | H1 2025 (Million HKD) | H1 2024 (Million HKD) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Property Investment Income | 158.8 | 192.5 | -17.5% | | Hong Kong Commercial Property Net Income | 124.8 | 143.8 | -13.2% | | Hong Kong Commercial Property Occupancy Rate | 89% (June 30, 2025) | 91% (June 30, 2024) | -2% | | Australia Melbourne Property Net Income | 35.5 | 49.6 | -28.4% | | Australia Melbourne Property Occupancy Rate | 76% (June 30, 2025) | 85% (June 30, 2024) | -9% | - Hong Kong property income decreased primarily due to **lower rents** upon new and renewed leases and a **decline in average occupancy rate**[19](index=19&type=chunk) - The Group is conducting a feasibility study for building facility upgrades at its 333 Collins Street commercial office property in Melbourne, Australia, with concept design expected to be finalized by the **end of 2025**[19](index=19&type=chunk) [Interests in an Associate](index=8&type=section&id=%E6%96%BC%E4%B8%80%E8%81%AF%E7%87%9F%E5%85%AC%E5%8F%B8%E6%AC%8A%E7%9B%8A) The Group's share of post-tax loss from an associate, primarily a Chinese auto dealership business, narrowed significantly to **HKD 2.4 million** compared to the prior period Share of Post-Tax Loss from an Associate | Indicator | H1 2025 (Million HKD) | H1 2024 (Million HKD) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Share of Post-Tax Loss from an Associate | (2.4) | (12.6) | -80.9% | | Of which: Auto Dealership Business Loss | (4.7) | (16.2) | -71.0% | [Others](index=8&type=section&id=%E5%85%B6%E4%BB%96) The Group's investment portfolio value increased to **HKD 2,355.6 million**, generating **HKD 219.8 million** in income primarily from fair value re-measurement and disposal of securities held for trading, while foreign currency exchange recorded a net gain of **HKD 16.0 million**, and employee numbers slightly decreased Investment Portfolio and Foreign Currency Exchange | Indicator | June 30, 2025 (Million HKD) | Dec 31, 2024 (Million HKD) | Change (%) | | :--- | :--- | :--- | :--- | | Total Investment Portfolio Value | 2,355.6 | 2,208.6 | +6.6% | | Investment Portfolio Income (H1) | 219.8 | 127.8 | +72.0% | | Net Foreign Currency Exchange Gain/(Loss) (H1) | 16.0 | (2.7) | N/A (Turned from loss to gain) | - As of June 30, 2025, the Group had **517 employees**, a decrease from **531** as of December 31, 2024[22](index=22&type=chunk) [Outlook for the Remainder of 2025](index=8&type=section&id=2025%E5%B9%B4%E9%A4%98%E4%B8%8B%E5%B1%95%E6%9C%9B) The Group anticipates continued intense competition and weak consumer confidence for its department store business in the latter half of 2025, focusing on cost control and merchandise adjustments, while investment properties are expected to generate rental income despite a soft leasing market, confident in its robust financial position to navigate future challenges - The department store business is expected to continue facing **intense competition** and **weak consumer confidence** for the remainder of 2025[23](index=23&type=chunk) - The Group will strive to **control operating expenses** and **adjust its merchandise mix** to cater to customer preferences[23](index=23&type=chunk) - Investment properties in Hong Kong and Melbourne are expected to continue generating rental income, despite a **persistently weak leasing market**[23](index=23&type=chunk) - The Group is confident in its **robust financial position** to meet future challenges[23](index=23&type=chunk) [Independent Review Report](index=9&type=section&id=%E7%8D%A8%E7%AB%8B%E5%AF%A9%E9%96%B1%E5%A0%B1%E5%91%8A) KPMG reviewed Wing On International Holdings Limited's interim financial report for the six months ended June 30, 2025, under Hong Kong Standard on Review Engagements 2410; the review, being less extensive than an audit, did not result in an audit opinion, but found no material non-compliance with HKAS 34 - **KPMG** has reviewed the interim financial report in accordance with **Hong Kong Standard on Review Engagements 2410**[26](index=26&type=chunk) - The scope of the review is less than that of an audit, and therefore **no audit opinion is expressed**[26](index=26&type=chunk) - The conclusion is that nothing has come to their attention that causes them to believe the interim financial report is not prepared, in all material respects, in accordance with **Hong Kong Accounting Standard 34**[27](index=27&type=chunk) [Unaudited Consolidated Income Statement](index=10&type=section&id=%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E8%A1%A8%EF%BC%8D%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8) For the six months ended June 30, 2025, the Group's revenue was **HKD 416.2 million**, a decrease from the prior period, resulting in a loss of **HKD 149.2 million** for the period and a loss attributable to shareholders of **HKD 150.3 million**, with basic and diluted loss per share at **51.9 HK cents** Key Data from Consolidated Income Statement | Indicator | H1 2025 (Thousand HKD) | H1 2024 (Thousand HKD) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Revenue | 416,238 | 479,998 | -13.3% | | Other Income | 60,331 | 76,987 | -21.6% | | Other Net Gains | 220,817 | 106,678 | +107.0% | | Operating Profit | 355,043 | 304,308 | +16.7% | | Net Loss from Investment Property Revaluation | (470,513) | (515,758) | -8.7% | | Loss Before Tax | (119,221) | (225,808) | -47.2% | | Loss for the Period | (149,165) | (242,859) | -38.6% | | Loss Attributable to Company's Shareholders | (150,288) | (239,576) | -37.3% | | Basic and Diluted Loss Per Share | (51.9) cents | (82.5) cents | -37.1% | [Unaudited Consolidated Statement of Comprehensive Income](index=11&type=section&id=%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E5%8F%8A%E5%85%B6%E4%BB%96%E5%85%A8%E9%9D%A2%E6%94%B6%E7%9B%8A%E8%A1%A8%EF%BC%8D%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8) For the six months ended June 30, 2025, the Group reported a loss of **HKD 149.2 million** for the period, but total comprehensive income for the period turned into a gain of **HKD 53.7 million** due to other comprehensive income, primarily from foreign currency translation adjustments of **HKD 202.8 million** Key Data from Consolidated Statement of Comprehensive Income | Indicator | H1 2025 (Thousand HKD) | H1 2024 (Thousand HKD) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Loss for the Period | (149,165) | (242,859) | -38.6% | | Other Investments at Fair Value Through Other Comprehensive Income | 6,300 | (742) | N/A (Turned from loss to gain) | | Foreign Currency Translation Adjustment | 196,527 | (83,576) | N/A (Turned from loss to gain) | | Other Comprehensive Income for the Period | 202,827 | (84,318) | N/A (Turned from loss to gain) | | Total Comprehensive Income for the Period | 53,662 | (327,177) | N/A (Turned from loss to gain) | | Total Comprehensive Income Attributable to Company's Shareholders | 52,259 | (323,886) | N/A (Turned from loss to gain) | - Foreign currency translation adjustment was the primary reason for the positive shift in other comprehensive income for the period, reflecting exchange differences arising from the translation of financial statements of subsidiaries outside Hong Kong[33](index=33&type=chunk) [Unaudited Consolidated Statement of Financial Position](index=12&type=section&id=%E7%B6%9C%E5%90%88%E8%B2%A1%E5%8B%99%E7%8B%80%E6%B3%81%E8%A1%A8%EF%BC%8D%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8) As of June 30, 2025, total assets slightly decreased to **HKD 18,146.4 million**, with investment properties remaining the largest component; current assets, including securities held for trading and cash, increased, while total liabilities rose, maintaining net assets at **HKD 16,754.9 million** Key Data from Consolidated Statement of Financial Position | Indicator | June 30, 2025 (Thousand HKD) | Dec 31, 2024 (Thousand HKD) | Change (%) | | :--- | :--- | :--- | :--- | | **Non-Current Assets** | | | | | Investment Properties | 12,606,565 | 12,873,724 | -2.1% | | Interests in an Associate | 123,259 | 308,586 | -60.1% | | **Current Assets** | | | | | Securities Held for Trading | 2,355,572 | 2,208,591 | +6.6% | | Cash and Bank Balances | 2,410,507 | 2,079,994 | +15.9% | | **Current Liabilities** | | | | | Trade and Other Payables and Accruals | 423,270 | 296,782 | +42.6% | | Secured Bank Borrowings | 65,040 | 59,280 | +9.7% | | **Non-Current Liabilities** | | | | | Deferred Tax Liabilities | 833,438 | 783,040 | +6.4% | | **Equity** | | | | | Total Equity Attributable to Company's Shareholders | 16,728,405 | 16,833,232 | -0.6% | | Total Equity | 16,754,924 | 16,858,348 | -0.6% | - Investment property value decreased due to **net valuation losses**[36](index=36&type=chunk) - Interests in an associate significantly decreased, possibly related to **dividends and distributions from the associate**[36](index=36&type=chunk) - Net current assets increased to **HKD 4,397.9 million**, indicating **strong liquidity**[36](index=36&type=chunk) [Unaudited Consolidated Statement of Changes in Equity](index=14&type=section&id=%E7%B6%9C%E5%90%88%E6%AC%8A%E7%9B%8A%E8%AE%8A%E5%8B%95%E7%B5%90%E7%AE%97%E8%A1%A8%EF%BC%8D%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8) For the six months ended June 30, 2025, total equity attributable to company shareholders decreased from **HKD 16,833.2 million** to **HKD 16,728.4 million**, primarily due to a **HKD 150.3 million** loss for the period, partially offset by **HKD 202.5 million** in other comprehensive income (mainly from increased exchange reserves), with share repurchases and dividend payments also contributing to the reduction Changes in Equity Attributable to Company's Shareholders | Indicator | H1 2025 (Thousand HKD) | H1 2024 (Thousand HKD) | | :--- | :--- | :--- | | Total Equity Attributable to Company's Shareholders at Beginning of Period | 16,833,232 | 18,355,830 | | Loss for the Period | (150,288) | (239,576) | | Other Comprehensive Income for the Period | 202,547 | (84,310) | | Repurchase of Company's Shares (Total Price) | (3,782) | (4,507) | | Dividends Payable | (153,304) | (174,057) | | Total Equity Attributable to Company's Shareholders at End of Period | 16,728,405 | 17,853,380 | - Exchange reserves recorded a **positive change of HKD 196.2 million** in H1 2025, compared to a negative change in H1 2024[41](index=41&type=chunk)[43](index=43&type=chunk) - Retained profits decreased due to the **loss for the period**, share repurchase premium and transaction costs, and dividend payments[41](index=41&type=chunk) [Unaudited Condensed Consolidated Cash Flow Statement](index=17&type=section&id=%E7%B0%A1%E6%98%8E%E7%B6%9C%E5%90%88%E7%8F%BE%E9%87%91%E6%B5%81%E9%87%8F%E8%A1%A8%EF%BC%8D%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8) For the six months ended June 30, 2025, net cash from operating activities was **HKD 92.2 million**, while net cash from investing activities significantly increased to **HKD 495.6 million** due to associate dividends and reduced time deposits; net cash used in financing activities was an outflow of **HKD 13.7 million**, resulting in a net increase in cash and cash equivalents of **HKD 574.1 million** Key Data from Condensed Consolidated Cash Flow Statement | Indicator | H1 2025 (Thousand HKD) | H1 2024 (Thousand HKD) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Net Cash from Operating Activities | 92,163 | 75,519 | +22.0% | | Net Cash from Investing Activities | 495,636 | 51,373 | +864.8% | | Net Cash Used in Financing Activities | (13,696) | (14,469) | -5.4% | | Net Increase in Cash and Cash Equivalents | 574,103 | 112,423 | +410.7% | | Cash and Cash Equivalents at End of Period | 2,178,309 | 1,830,487 | +19.0% | - Net cash from investing activities significantly increased, primarily due to **HKD 185.1 million** received from associate dividends and distributions, and a **HKD 277.3 million** decrease in bank time deposits with maturities over three months at the time of deposit[48](index=48&type=chunk) - Cash was generated from operating activities after adjusting loss before tax for non-cash items such as net loss from investment property revaluation[48](index=48&type=chunk) [Notes to the Unaudited Interim Financial Report](index=18&type=section&id=%E6%9C%AA%E7%B6%93%E5%AF%A9%E6%A0%B8%E4%B8%AD%E6%9C%9F%E8%B2%A1%E5%8B%99%E5%A0%B1%E5%91%8A%E9%99%84%E8%A8%BB) [Basis of Preparation](index=18&type=section&id=%E7%B7%A8%E8%A3%BD%E5%9F%BA%E6%BA%96) This interim financial report is prepared in accordance with the **HKEX Listing Rules** and **HKAS 34 'Interim Financial Reporting'**, authorized for issue on August 26, 2025, and, though unaudited, has been reviewed by KPMG and the Company's Audit Committee - This interim financial report is prepared in accordance with the **Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited** and **Hong Kong Accounting Standard 34 'Interim Financial Reporting'**[49](index=49&type=chunk) - The report is unaudited but has been reviewed by **KPMG** in accordance with **Hong Kong Standard on Review Engagements 2410** and by the Company's Audit Committee[50](index=50&type=chunk) - The accounting policies adopted are consistent with those applied in the 2024 annual financial statements, except for changes in accounting policies expected to be reflected in the 2025 annual financial statements[49](index=49&type=chunk) [Changes in Accounting Policies](index=19&type=section&id=%E6%9C%83%E8%A8%88%E6%94%BF%E7%AD%96%E8%AE%8A%E5%8B%95) Certain amendments to **HKFRS** issued by the **HKICPA** were first adopted in the current accounting period but had no significant impact on the interim financial report's results or financial position, and no new standards or interpretations not yet effective were adopted by the Group - Amendments to **Hong Kong Financial Reporting Standards** first adopted in the current accounting period had **no material impact** on the results or financial position for the current or prior periods[51](index=51&type=chunk) - The Group has **not adopted any new standards or interpretations** that are not yet effective in the current accounting period[52](index=52&type=chunk) [Revenue and Segment Reporting](index=19&type=section&id=%E6%94%B6%E5%85%A5%E5%8F%8A%E5%88%86%E9%83%A8%E5%A0%B1%E5%91%8A) The Group's primary businesses are department stores and property investment; for the six months ended June 30, 2025, total revenue was **HKD 416.2 million**, with **HKD 232.8 million** from department stores (which recorded a loss) and **HKD 183.5 million** from property investment (which recorded a profit) [Revenue](index=19&type=section&id=%E6%94%B6%E5%85%A5) Group revenue primarily stems from department store operations (goods sales, counter sales, consignment sales) and property investment (property management fees, rental-related income, investment property rentals), totaling **HKD 232.8 million** from department stores and **HKD 183.5 million** from property investment as of June 30, 2025 Revenue by Category | Revenue Category | H1 2025 (Thousand HKD) | H1 2024 (Thousand HKD) | YoY Change (%) | | :--- | :--- | :--- | :--- | | Department Store Business | 232,758 | 272,204 | -14.5% | | Property Management Fees and Other Rental Related Income | 24,368 | 27,652 | -11.9% | | Investment Property Rental Income | 159,112 | 180,142 | -11.7% | | **Total Revenue** | **416,238** | **479,998** | **-13.3%** | [Segment Reporting](index=20&type=section&id=%E5%88%86%E9%83%A8%E5%A0%B1%E5%91%8A) The Group is managed and reported under two segments: department store business and property investment; as of June 30, 2025, the department store business recorded a loss of **HKD 38.5 million**, while property investment generated a profit of **HKD 158.8 million**, with property investment assets significantly larger than those of the department store business - The Group's two reportable segments are **Department Store Business** (operating department stores in Hong Kong) and **Property Investment** (leasing commercial properties)[56](index=56&type=chunk) Segment Performance Overview | Segment | H1 2025 Profit/(Loss) (Thousand HKD) | H1 2024 Profit/(Loss) (Thousand HKD) | | :--- | :--- | :--- | | Department Store Business | (38,514) | (27,041) | | Property Investment | 158,810 | 192,545 | | **Total Reportable Segment Profit** | **120,296** | **165,504** | Segment Assets Overview | Segment | June 30, 2025 Assets (Thousand HKD) | Dec 31, 2024 Assets (Thousand HKD) | | :--- | :--- | :--- | | Department Store Business | 225,655 | 219,570 | | Property Investment | 12,852,644 | 13,116,577 | | **Total Reportable Segment Assets** | **13,078,299** | **13,336,147** | [Other Income and Other Net Gains](index=23&type=section&id=%E5%85%B6%E4%BB%96%E6%94%B6%E5%85%A5%E5%8F%8A%E5%85%B6%E4%BB%96%E6%B7%A8%E6%94%B6%E7%9B%8A) For the six months ended June 30, 2025, the Group's other income totaled **HKD 60.3 million**, mainly from bank deposit interest and securities investment dividends, while other net gains amounted to **HKD 220.8 million**, primarily driven by net gains from fair value re-measurement and disposal of securities held for trading, and foreign currency exchange net gains Analysis of Other Income | Income Category | H1 2025 (Thousand HKD) | H1 2024 (Thousand HKD) | | :--- | :--- | :--- | | Bank Deposit Interest Income | 38,896 | 49,882 | | Securities Investment Dividend Income | 13,331 | 15,619 | | Securities Investment Interest Income | 4,642 | 5,909 | | Others | 3,462 | 5,577 | | **Total** | **60,331** | **76,987** | Analysis of Other Net Gains | Gain Category | H1 2025 (Thousand HKD) | H1 2024 (Thousand HKD) | | :--- | :--- | :--- | | Net Gain from Fair Value Re-measurement of Securities Held for Trading | 158,238 | 79,129 | | Net Gain from Disposal of Securities Held for Trading | 46,773 | 30,214 | | Net Foreign Currency Exchange Gain/(Loss) | 16,008 | (2,655) | | Net Loss from Disposal of Machinery and Equipment | (202) | (10) | | **Total** | **220,817** | **106,678** | - Gains from re-measurement and disposal of securities held for trading were the primary drivers of the significant increase in other net gains[63](index=63&type=chunk) [Loss Before Tax](index=24&type=section&id=%E9%99%A4%E7%A8%85%E5%89%8D%E虧%E6%90%8D) For the six months ended June 30, 2025, the Group's loss before tax was **HKD 119.2 million**, with finance costs primarily comprising interest on lease liabilities and secured bank borrowings, net rental income from investment properties at **HKD 128.2 million**, and other operating expenses including staff costs, depreciation, and directors' emoluments Components of Loss Before Tax | Item | H1 2025 (Thousand HKD) | H1 2024 (Thousand HKD) | | :--- | :--- | :--- | | Finance Costs | 1,313 | 1,792 | | Net Rental Income from Investment Properties | (128,156) | (154,628) | | Staff Costs (Excluding Directors' Emoluments) | 99,896 | 97,478 | | Depreciation (Owned Machinery and Equipment) | 8,654 | 5,833 | | Depreciation (Right-of-Use Assets) | 16,552 | 21,531 | | Directors' Emoluments | 14,483 | 14,663 | | Cost of Sales | 106,885 | 122,594 | - Staff costs (excluding directors' emoluments) slightly increased, while **cost of sales decreased**[64](index=64&type=chunk) [Income Tax in Consolidated Income Statement](index=25&type=section&id=%E7%B6%9C%E5%90%88%E6%90%8D%E7%9B%8A%E8%A1%A8%E5%85%A7%E4%B9%8B%E6%89%80%E5%BE%97%E7%A8%85) For the six months ended June 30, 2025, total income tax expense was **HKD 29.9 million**, an increase from the prior period, with Hong Kong profits tax provision at **16.5%** (two-tiered rates for some subsidiaries) and overseas taxes at local rates, while deferred tax was primarily impacted by fair value changes in investment properties Analysis of Income Tax Expense | Tax Category | H1 2025 (Thousand HKD) | H1 2024 (Thousand HKD) | | :--- | :--- | :--- | | Current Tax – Hong Kong Profits Tax | 18,028 | 22,221 | | Current Tax – Outside Hong Kong | 6,575 | 11,990 | | Deferred Tax (Investment Property Fair Value Change) | (35) | (20,167) | | Deferred Tax (Other Temporary Differences) | 5,376 | 3,007 | | **Total Income Tax Expense** | **29,944** | **17,051** | - Hong Kong profits tax provision is calculated at **16.5%**, with a two-tiered profits tax rate system applicable to certain subsidiaries[65](index=65&type=chunk) - Deferred tax arose from changes in the fair value of investment properties, showing a **negative amount** in the current period compared to a positive amount in the prior period[65](index=65&type=chunk) [Basic and Diluted Loss Per Share](index=25&type=section&id=%E6%AF%8F%E8%82%A1%E5%9F%BA%E6%9C%AC%E5%8F%8A%E6%94%A4%E8%96%84%E虧%E6%90%8D) For the six months ended June 30, 2025, basic loss per share was **51.9 HK cents**; however, adjusted basic earnings per share, excluding the impact of net loss from investment property revaluation and related deferred tax, increased to **111.0 HK cents**, with no dilutive potential shares during the period Basic and Diluted Loss/Earnings Per Share | Indicator | H1 2025 (Thousand HKD) | Per Share (cents) | H1 2024 (Thousand HKD) | Per Share (cents) | | :--- | :--- | :--- | :--- | :--- | | Loss Attributable to Company's Shareholders | (150,288) | (51.9) | (239,576) | (82.5) | | Add: Net Loss from Investment Property Revaluation | 470,513 | 162.6 | 515,758 | 177.7 | | Less: Decrease in Related Deferred Tax Liabilities | (35) | (0.0) | (20,167) | (7.0) | | Add/(Less): Investment Property Revaluation Gain/(Loss) Attributable to Non-Controlling Interests Net of Related Deferred Tax | 1,009 | 0.3 | (3,403) | (1.2) | | **Basic Earnings Attributable to Company's Shareholders** | **321,199** | **111.0** | **252,612** | **87.0** | - Basic loss per share is calculated based on the weighted average number of **289,349,000 shares** outstanding during the period[67](index=67&type=chunk) - Adjusted basic earnings per share significantly increased, reflecting improved underlying business performance after excluding investment property valuation fluctuations[68](index=68&type=chunk) [Investment Properties](index=27&type=section&id=%E6%8A%95%E8%B3%87%E7%89%A9%E6%A5%AD) As of June 30, 2025, investment properties recorded a net valuation loss of **HKD 470.5 million**, recognized in the consolidated income statement; Australian properties were revalued by a registered valuer, while Hong Kong and US properties were adjusted by directors based on market updates, with total future irreducible operating lease receivables amounting to **HKD 681.8 million** - As of June 30, 2025, investment properties recorded a **net valuation loss of HKD 470.5 million**, which has been recognized in the consolidated income statement[69](index=69&type=chunk) - Australian investment properties were revalued by **M3 Property Australia Pty. Ltd.**, a registered valuer, while Hong Kong and US properties were adjusted by directors with reference to market updates from independent surveyors[69](index=69&type=chunk) Total Future Undiscounted Operating Lease Receivables from Irrevocable Operating Leases | Term | June 30, 2025 (Thousand HKD) | Dec 31, 2024 (Thousand HKD) | | :--- | :--- | :--- | | Within 1 year | 295,501 | 285,984 | | After 1 year but within 2 years | 187,782 | 210,678 | | After 2 years but within 3 years | 79,254 | 110,206 | | After 3 years but within 4 years | 37,079 | 33,903 | | After 4 years but within 5 years | 20,001 | 18,040 | | After 5 years | 62,160 | 30,996 | | **Total** | **681,777** | **689,807** | [Interests in an Associate](index=28&type=section&id=%E6%96%BC%E4%B8%80%E8%81%AF%E7%87%9F%E5%85%AC%E5%8F%B8%E6%AC%8A%E7%9B%8A) As of June 30, 2025, the Group's interests in an associate amounted to **HKD 123.3 million**, a significant decrease from December 31, 2024, with **HKD 185.1 million** in dividends and distributions received from the associate during the period Interests in an Associate | Indicator | June 30, 2025 (Thousand HKD) | Dec 31, 2024 (Thousand HKD) | | :--- | :--- | :--- | | Unlisted Shares | 123,259 | 308,586 | | Of which: Share of Net Assets (Excluding Intangible Assets) | 119,782 | 304,898 | | Of which: Share of Intangible Assets | 3,477 | 3,688 | | **Total** | **123,259** | **308,586** | - For the six months ended June 30, 2025, the Group received **HKD 185,069,000** in dividends and distributions from the associate (2024: nil)[71](index=71&type=chunk) [Trade and Other Receivables, Deposits and Prepayments](index=28&type=section&id=%E6%87%89%E6%94%B6%E8%B3%87%E9%A0%85%E3%80%81%E5%AE%9A%E9%87%91%E5%8F%8A%E9%A0%90%E4%BB%98%E8%B3%87%E6%AC%BE) As of June 30, 2025, total trade and other receivables, deposits, and prepayments amounted to **HKD 84.5 million**, with the current portion at **HKD 72.1 million**; trade receivables (net of loss allowance) were **HKD 10.3 million**, mostly not overdue or overdue by less than one month Trade and Other Receivables, Deposits and Prepayments | Category | June 30, 2025 (Thousand HKD) | Dec 31, 2024 (Thousand HKD) | | :--- | :--- | :--- | | Trade Receivables (Net of Loss Allowance) | 10,312 | 11,276 | | Other Receivables | 18,144 | 13,692 | | Deposits and Prepayments | 56,065 | 38,370 | | **Total** | **84,521** | **63,338** | | Non-Current Portion | 12,400 | 5,840 | | Current Portion | 72,121 | 57,498 | Ageing Analysis of Trade Receivables | Ageing | June 30, 2025 (Thousand HKD) | Dec 31, 2024 (Thousand HKD) | | :--- | :--- | :--- | | Due (Not Overdue) or Overdue Less Than 1 Month | 9,728 | 10,750 | | Overdue 1 to 3 Months | 151 | 265 | | Overdue More Than 3 Months but Less Than 12 Months | 433 | 261 | | **Total** | **10,312** | **11,276** | - The non-current portion of prepayments represents advance payments for the purchase of other property, plant and equipment[73](index=73&type=chunk) [Cash and Bank Balances](index=29&type=section&id=%E7%8F%BE%E9%87%91%E5%8F%8A%E9%8A%80%E8%A1%8C%E7%B5%90%E9%A4%98) As of June 30, 2025, the Group's total cash and bank balances increased to **HKD 2,410.5 million** from December 31, 2024, with a significant increase in bank time deposits maturing within three months at the time of deposit, and a decrease in those maturing beyond three months Composition of Cash and Bank Balances | Category | June 30, 2025 (Thousand HKD) | Dec 31, 2024 (Thousand HKD) | | :--- | :--- | :--- | | Bank Deposits and Cash | 409,878 | 437,373 | | Secured Bank Balances | 40,456 | 56,858 | | Bank Time Deposits – Maturing Within 3 Months at Deposit Date | 1,768,431 | 1,136,894 | | Bank Time Deposits – Maturing Over 3 Months at Deposit Date | 191,742 | 448,869 | | **Cash and Bank Balances in Consolidated Statement of Financial Position** | **2,410,507** | **2,079,994** | | **Cash and Cash Equivalents in Condensed Consolidated Cash Flow Statement** | **2,178,309** | **1,574,267** | - Net increase in cash and cash equivalents of **HKD 574.1 million** reflects **sound liquidity management**[48](index=48&type=chunk)[75](index=75&type=chunk) [Trade and Other Payables and Accruals](index=30&type=section&id=%E6%87%89%E4%BB%98%E8%B3%87%E9%A0%85%E5%8F%8A%E6%87%89%E8%A8%88%E8%B2%BB%E7%94%A8) As of June 30, 2025, total trade and other payables and accruals significantly increased to **HKD 423.3 million** from December 31, 2024, with trade and other payables at **HKD 369.4 million**, most of which were not yet due or overdue by less than one month, and the Group's credit period typically ranges from 30 to 90 days Trade and Other Payables and Accruals | Category | June 30, 2025 (Thousand HKD) | Dec 31, 2024 (Thousand HKD) | | :--- | :--- | :--- | | Trade and Other Payables | 369,371 | 246,574 | | Accruals | 53,899 | 50,208 | | **Total** | **423,270** | **296,782** | Ageing Analysis of Trade and Other Payables | Ageing | June 30, 2025 (Thousand HKD) | Dec 31, 2024 (Thousand HKD) | | :--- | :--- | :--- | | Not Yet Due | 181,072 | 196,597 | | Current or Overdue Less Than 1 Month | 187,626 | 47,103 | | Overdue 1 to 3 Months | 200 | 2,636 | | Overdue More Than 3 Months but Less Than 12 Months | 305 | 76 | | Overdue More Than 12 Months | 168 | 162 | | **Total** | **369,371** | **246,574** | - The credit period granted to the Group typically ranges from **30 to 90 days** from the invoice date[77](index=77&type=chunk) [Capital, Reserves and Dividends](index=31&type=section&id=%E8%B3%87%E6%9C%AC%E3%80%81%E5%84%B2%E5%82%99%E5%8F%8A%E8%82%A1%E6%81%AF) The Board declared an interim dividend of **43 HK cents** per share, totaling **HKD 124.4 million**; during the period, the company repurchased and cancelled **322,000 shares** for a total of **HKD 3.767 million** to enhance net asset value and earnings per share Dividend Distribution | Dividend Type | H1 2025 (Thousand HKD) | H1 2024 (Thousand HKD) | | :--- | :--- | :--- | | Interim Dividends Payable to Company's Shareholders | 124,378 | 92,744 | | Dividends Relating to Prior Financial Year Approved and Payable During Interim Period | 153,304 | 174,057 | Details of Company's Share Repurchases (H1 2025) | Month | Number of Shares Repurchased | Total Price Paid (Thousand HKD) | Highest Price Paid Per Share (HKD) | Lowest Price Paid Per Share (HKD) | | :--- | :--- | :--- | :--- | :--- | | January 2025 | 129,000 | 1,520 | 11.80 | 11.78 | | February 2025 | 53,000 | 623 | 11.82 | 11.68 | | March 2025 | 59,000 | 692 | 11.72 | 11.70 | | April 2025 | 63,000 | 724 | 11.62 | 11.40 | | May 2025 | 18,000 | 208 | 11.56 | 11.56 | | **Total** | **322,000** | **3,767** | | | - Repurchased shares were cancelled upon repurchase, with the repurchase premium and transaction costs deducted from the retained profits account[80](index=80&type=chunk) [Fair Value Measurement of Financial Instruments](index=33&type=section&id=%E9%87%91%E8%9E%8D%E5%B7%A5%E5%85%B7%E5%85%AC%E5%B9%B3%E5%83%B9%E5%80%BC%E4%B9%8B%E8%A8%88%E9%87%8F) The Group's financial instruments are measured at fair value across three levels; as of June 30, 2025, other investments and securities held for trading are measured at fair value, with Level 2 primarily comprising investment funds and structured products, and Level 3 other investments valued using an adjusted net asset approach considering unobservable inputs like marketability, minority interest, and control premiums - Fair value measurements are categorized into **Level 1** (quoted prices in active markets), **Level 2** (observable inputs), and **Level 3** (significant unobservable inputs)[85](index=85&type=chunk) Recurring Fair Value Measurements | Asset | June 30, 2025 Fair Value (Thousand HKD) | Level 1 (Thousand HKD) | Level 2 (Thousand HKD) | Level 3 (Thousand HKD) | | :--- | :--- | :--- | :--- | :--- | | Other Investments | 126,525 | – | – | 126,525 | | Securities Held for Trading | 2,355,572 | 1,213,752 | 1,141,820 | – | - Level 2 securities held for trading include investment funds and structured products, with fair values derived from financial institution quotes and proprietary pricing models[86](index=86&type=chunk) - Level 3 other investments are valued using an **adjusted net asset approach**, considering unobservable inputs such as marketability discount rates, minority interest discount rates, and control premiums[86](index=86&type=chunk)[87](index=87&type=chunk) - Changes in unobservable inputs can impact other comprehensive income; for example, a **3% increase in the marketability discount rate** would lead to a **HKD 5,411 thousand reduction** in other comprehensive income[88](index=88&type=chunk) [Capital Commitments](index=37&type=section&id=%E8%B3%87%E6%9C%AC%E6%89%BF%E6%93%94) As of June 30, 2025, the Group's total contracted capital expenditure amounted to **HKD 26.8 million**, primarily for investment properties and other property, plant and equipment, representing a significant decrease from December 31, 2024 Total Capital Commitments | Category | June 30, 2025 (Thousand HKD) | Dec 31, 2024 (Thousand HKD) | | :--- | :--- | :--- | | Investment Properties | 26,435 | 34,244 | | Other Property, Plant and Equipment | 398 | 23,833 | | **Total** | **26,833** | **58,077** | - Total capital commitments significantly decreased, primarily due to **reduced capital expenditure** on other property, plant and equipment[91](index=91&type=chunk) [Significant Related Party Transactions](index=37&type=section&id=%E9%87%8D%E5%A4%A7%E6%9C%89%E9%97%9C%E9%80%A3%E4%BA%BA%E5%A3%AB%E4%BA%A4%E6%98%93) For the six months ended June 30, 2025, key management personnel emoluments totaled **HKD 28.2 million**; the Group engaged in various recurring transactions with fellow subsidiaries, including retail shop leases, office rentals, securities trading, and building and tenancy management services, all conducted on mutually agreed terms Key Management Personnel Emoluments | Emolument Category | H1 2025 (Thousand HKD) | H1 2024 (Thousand HKD) | | :--- | :--- | :--- | | Salaries and Other Short-Term Employee Benefits | 27,674 | 28,992 | | Defined Contribution Retirement Plan Contributions | 483 | 470 | | **Total** | **28,157** | **29,462** | - The Group engages in various leasing, securities trading, and management service transactions with **fellow subsidiaries**[95](index=95&type=chunk) - All amounts payable for related party transactions are determined based on **mutually agreed terms** between the Group and the respective companies[93](index=93&type=chunk) [Approval of Interim Financial Report](index=38&type=section&id=%E9%80%9A%E9%81%8E%E4%B8%AD%E6%9C%9F%E8%B2%A1%E5%8B%99%E5%A0%B1%E5%91%8A) This interim financial report was approved by the Board of Directors on August 26, 2025 - This interim financial report was **approved by the Board of Directors** on August 26, 2025[94](index=94&type=chunk) [Additional Information](index=39&type=section&id=%E9%99%84%E5%8A%A0%E8%B3%87%E6%96%99) [Corporate Governance](index=39&type=section&id=%E4%BC%81%E6%A5%AD%E7%AE%A1%E6%B2%BB) For the six months ended June 30, 2025, the Company applied and complied with all applicable code provisions of the **Corporate Governance Code** as set out in Appendix C1 of the **HKEX Listing Rules** - The Company has applied and complied with all applicable code provisions of the **Corporate Governance Code**[96](index=96&type=chunk) [Directors' Securities Transactions](index=39&type=section&id=%E8%91%A3%E4%BA%8B%E7%9A%84%E8%AD%89%E5%88%B8%E4%BA%A4%E6%98%93) The Company adopted the **Model Code for Securities Transactions by Directors of Listed Issuers** from Appendix C3 of the Listing Rules, and all directors confirmed compliance with this standard code for the six months ended June 30, 2025 - The Company has adopted the **Model Code for Securities Transactions by Directors of Listed Issuers** as its code of conduct for directors' securities transactions[97](index=97&type=chunk) - All directors have confirmed compliance with the standards set out in the Model Code for the six months ended June 30, 2025[97](index=97&type=chunk) [Directors' and Chief Executive's Interests and Short Positions in Shares, Underlying Shares and Debentures](index=39&type=section&id=%E8%91%A3%E4%BA%8B%E5%8F%8A%E6%9C%80%E9%AB%98%E8%A1%8C%E6%94%BF%E4%BA%BA%E5%93%A1%E6%96%BC%E8%82%A1%E4%BB%BD%E3%80%81%E7%9B%B8%E9%97%9C%E8%82%A1%E4%BB%BD%E5%8F%8A%E5%82%B5%E6%AC%8A%E8%AD%89%E4%B8%AD%E7%9A%84%E6%AC%8A%E7%9B%8A%E5%8F%8A%E6%B7%A1%E5%80%89) As of June 30, 2025, several directors held interests in the Company's ordinary shares, with **Dr. Kwok Chi Piu** and **Mr. Kwok Chi Yat** indirectly holding some interests through private companies; additionally, some directors held share interests in **Kee Wai Investment Company (BVI) Limited** and **Wing On Water & Fire (2011) Limited** Directors' Interests in the Company's Ordinary Shares | Director Name | Personal Interests (Shares) | Family Interests (Shares) | Corporate Interests (Shares) | Other Interests (Shares) | Total Interests (Shares) | % of Issued Voting Shares | | :--- | :--- | :--- | :--- | :--- | :--- | :--- | | Kwok Chi Leung | 480,620 | – | – | – | 480,620 | 0.166 | | Kwok Chi Hang | 649,050 | – | – | – | 649,050 | 0.224 | | Kwok Chi Piu | 958,298 | 295,000 | 255,000 | – | 1,508,298 | 0.521 | | Kwok Chi Yat | 556,910 | – | 10,000 | – | 566,910 | 0.196 | | Leung Wing Ning | 10,000 | – | – | – | 10,000 | 0.003 | | Nicholas James Debnam | 15,000 | – | – | – | 15,000 | 0.005 | | Kwok Wing Ching | 30,000 | – | – | – | 30,000 | 0.010 | | Kwok Wing Tai | 30,000 | – | – | – | 30,000 | 0.010 | | Kwok Wing Kei | 40,000 | – | – | – | 40,000 | 0.014 | | Kwok Wing Sin | 40,000 | – | – | – | 40,000 | 0.014 | - **Dr. Kwok Chi Piu** and **Mr. Kwok Chi Yat** indirectly hold shares in the Company through controlled private companies[105](index=105&type=chunk) - **Kwok Chi Leung**, **Kwok Chi Hang**, **Kwok Chi Piu**, and **Kwok Chi Yat** collectively own **100%** of the voting rights in **Kee Wai Investment Company (BVI) Limited**[102](index=102&type=chunk) [Major Shareholders](index=41&type=section&id=%E4%B8%BB%E8%A6%81%E8%82%A1%E6%9D%B1) As of June 30, 2025, **Wing On International Group Limited**, **Wing On Corporate Management (BVI) Limited**, and **Kee Wai Investment Company (BVI) Limited** are considered major shareholders, each holding **180,545,138 ordinary shares**, representing **62.418%** of the Company's issued voting share capital Major Shareholders' Shareholdings | Name | Number of Ordinary Shares Held | % of Issued Voting Shares | | :--- | :--- | :--- | | Wing On International Group Limited | 180,545,138 | 62.418 | | Wing On Corporate Management (BVI) Limited | 180,545,138 | 62.418 | | Kee Wai Investment Company (BVI) Limited | 180,545,138 | 62.418 | - The shareholdings of the aforementioned shareholders involve **duplication**, and all are deemed to have interests in the relevant shares under the **Securities and Futures Ordinance**[108](index=108&type=chunk) [Purchase, Sale or Redemption of the Company's Shares](index=41&type=section&id=%E8%B3%BC%E8%B2%B7%E3%80%81%E5%87%BA%E5%94%AE%E6%88%96%E8%B4%96%E5%9B%9E%E6%9C%AC%E5%85%AC%E5%8F%B8%E8%82%A1%E4%BB%BD) The Company repurchased and cancelled shares during the six months ended June 30, 2025, as detailed in Note 13(b) of the interim financial report, to enhance net asset value and earnings per share; no other purchases, sales, or redemptions of the Company's listed shares were made by the Company or its subsidiaries during the period - The Company repurchased its shares during the six months ended June 30, 2025, with details provided in **Note 13(b) of the interim financial report on page 30**[109](index=109&type=chunk) - The purpose of the repurchases was to **enhance the net asset value per share and earnings per share** of the Company's shares[109](index=109&type=chunk) - Except for the disclosed share repurchases, neither the Company nor any of its subsidiaries purchased, sold, or redeemed any of the Company's listed shares during the period[109](index=109&type=chunk)

Group 1 - The company WING ON CO (00289.HK) announced a share buyback plan [1] - The buyback is scheduled for September 16, 2025, with a total of 2,000 shares to be repurchased [1] - The repurchase price is set at HKD 13.18 per share, totaling HKD 26,400 for the buyback [1]

FF305 | 1). | 購回股份擬註銷但尚未註銷 | | 2,000 | 0.0007 % | HKD | 12.6 | | --- | --- | --- | --- | --- | --- | --- | | | 變動日期 | 2025年9月2日 | | | | | | 2). | 購回股份擬註銷但尚未註銷 | | 3,000 | 0.001 % | HKD | 13.1333 | | | 變動日期 | 2025年9月15日 | | | | | | 3). | 購回股份擬註銷但尚未註銷 | | 2,000 | 0.0007 % | HKD | 13.18 | | | 變動日期 | 2025年9月16日 | | | | | FF305 第 2 頁 共 7 頁 v 1.3.0 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： 永安國際有限公司 呈交日期： 2025年9月16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13.2 ...

格隆汇9月15日丨WING ON CO(00289.HK)发布公告，2025年9月15日以3.94万港元回购3000股，回购价 格每股13.1-13.2港元。 ...