FF301 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 致：香港交易及結算所有限公司 公司名稱: Chuang's China Investments Limited (莊士中國投資有限公司) 呈交日期: 2026年1月5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) | 00298 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 18,000,000,000 | HKD | | 0.05 | HKD | | 900,000,000 | | 增加 / 減少 (-) | | | 0 | | | | HKD | | 0 | | 本月底結存 | | | 18,000,000,000 | HKD | | 0.05 | HKD | ...

– 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聯合公佈之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本聯合公佈 全部或任何部份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。 有關根據融創重組 交換融創票據之 自願性聯合公佈 本聯合公佈乃由莊士機構及莊士中國自願作出。 交換融創票據 莊士中國董事會及莊士機構董事會宣佈，於2025年12月29日，莊士中國集團及莊 士機構集團接獲其投資銀行通知，就參考其當前狀況及來自發行人的最新公開資 料，其分別已收到/可能會收到莊士中國新融創票據及莊士機構新融創票據。此乃 根據於重組生效日期為2025年12月23日並已生效的融創重組，莊士中國集團及莊 士機構集團根據其中交換融創票據之安排交換其莊士中國舊融創票據及莊士機構 舊融創票據而預期將會收到的。 莊士中國集團及莊士機構集團概無就交換融創票據已經/將會支付或收取任何現金 代價。 有關交換融創票據之詳情如下： (a) 就莊士中國集團而言 | 莊士中國舊融創票據 | 莊士中國新融創票據 | | | | | | | | | | | | | | | | | | | | | | | ...

致：非 登 記 股 東 （附 註1） 有 關 在 本 公 司 網 頁 刊 發 企 業 通 訊 之 通 知 本 公 司 致 函 通 知 閣 下Chuang's China Investments Limited（莊 士 中 國 投 資 有 限 公 司）（「本 公 司」）下 列 企 業 通 訊 （附 註2） 之 中、英 文 本 現 已 登 載 於 本 公 司 網 頁www.chuangs-china.com（「本 公 司 網 頁」）及 香 港 聯 合 交 易 所 有 限 公 司 網 頁www.hkex.com.hk（「聯 交 所 網 頁」）以 供 閱 覽︰ • 2025/2026中 期 報 告（「本 期 企 業 通 訊」） 本 公 司 建 議 閣 下 在 本 公 司 網 頁 或 聯 交 所 網 頁 閱 覽 本 期 企 業 通 訊。 閣 下 如 擬 索 閱 本 期 企 業 通 訊 之 印 刷 本，請 填 妥 索 閱 表 格（「索 閱 表 格」），並 使 用 索 閱 表 格 末 端 之 郵 寄 標 籤（若 在 香 港 郵 遞，毋 須 貼 上 郵 票）寄 往 本 公 司 在 香 港 之 股 份 過 戶 登 記 處 卓 ...

致：登 記 股 東 有 關 在 本 公 司 網 頁 刊 發 企 業 通 訊 之 通 知 本 公 司 致 函 通 知 閣 下Chuang's China Investments Limited（莊 士 中 國 投 資 有 限 公 司）（「本 公 司」）下 列 企 業 通 訊 （附 註） 之 中、英 文 本 現 已 登 載 於 本 公 司 網 頁www.chuangs-china.com（「本 公 司 網 頁」）及 香 港 聯 合 交 易 所 有 限 公 司 網 頁www.hkex.com.hk（「聯 交 所 網 頁」）以 供 閱 覽︰ • 2025/2026中 期 報 告（「本 期 企 業 通 訊」） 本 公 司 建 議 閣 下 在 本 公 司 網 頁 或 聯 交 所 網 頁 閱 覽 本 期 企 業 通 訊。 閣下如擬索閱本期企業通訊之印刷本及 / 或日後變更收取本公司企業通訊之語文印刷本或方式， 請 填 妥 索 閱 表 格（「索 閱 表 格」），並 使 用 索 閱 表 格 末 端 之 郵 寄 標 籤（若 在 香 港 郵 遞，毋 須 貼 上 郵 票） 寄 往 本 公 司 在 香 港 之 股 份 過 戶 登 記 ...

Financial Performance - The group's revenue increased approximately fourfold to HKD 101.1 million for the six months ended September 30, 2025, compared to HKD 20.9 million in 2024[7] - Gross profit rose by 78.9% to HKD 19.5 million, with an overall gross margin decreasing from 52.1% to 19.3% due to lower profit margins from property sales[7] - Loss attributable to equity holders decreased to HKD 62.3 million, a reduction of approximately 64.6% compared to HKD 176.2 million in 2024[10] - Earnings per share loss was HKD 0.0265, down from HKD 0.0751 in the previous year[10] - The operating loss for the six months was HKD 48,362,000, a reduction from HKD 206,526,000 in the previous year, showing a decrease in losses by approximately 77%[41] - The company reported a net loss of HKD 68,280,000 for the period, compared to a net loss of HKD 177,330,000 in 2024, reflecting a 61% improvement in net losses[41] - The company reported a significant decrease in interest income from bank deposits, which fell to HKD 4,802,000 in 2025 from HKD 11,820,000 in 2024[64] - The company recorded a fair value loss of HKD 5,627,000 on investment properties in 2025, indicating challenges in the real estate market[61] - The company reported a tax credit of HKD 138,000 for the period, contrasting with a tax expense in the previous year[61] Cash and Financial Position - The net cash position of the group was HKD 431 million, with total cash reserves (including bonds and securities investments) amounting to HKD 490.2 million[6] - The group's cash and bank balances as of September 30, 2025, amount to HKD 467.5 million, an increase from HKD 367.8 million as of March 31, 2025[29] - The net cash generated from operating activities was HKD 165,075,000, a significant turnaround from a cash outflow of HKD 45,695,000 in the prior year[45] - The company’s equity attributable to shareholders decreased to HKD 2,872,841,000 from HKD 2,905,649,000, reflecting the impact of the current period's loss[44] - The company’s current liabilities decreased to HKD 142,365,000 from HKD 211,650,000, indicating improved liquidity management[43] - The company’s bank borrowings decreased from HKD 131,100,000 as of March 31, 2025, to HKD 59,150,000 as of September 30, 2025[76] Property and Investment - Property sales amounted to approximately HKD 83.1 million, with rental and management fee income at HKD 11.3 million[8] - The total floor area of the commercial property in Tuen Mun, Hong Kong is approximately 24,375 square feet, with an estimated valuation of HKD 162,700,000 as of September 30, 2025, generating annual rental income of approximately HKD 2,400,000[12] - The valuation of the commercial property in Anshan, Liaoning Province is RMB 307,800,000 (approximately HKD 336,000,000) as of September 30, 2025, with a challenging local market leading to difficulties in leasing or selling units[13] - The hotel and resort villas in Xiamen have a total valuation of RMB 343,000,000 (approximately HKD 372,800,000) as of September 30, 2025, generating annual rental income of approximately RMB 18,300,000 (approximately HKD 20,000,000)[14] - The commercial property in Dongguan has an estimated valuation of RMB 34,200,000 (approximately HKD 37,300,000) as of September 30, 2025, with annual rental income of approximately RMB 700,000 (approximately HKD 800,000)[14] - The office building in Kuala Lumpur has an estimated valuation of MYR 158,100,000 (approximately HKD 292,000,000) as of September 30, 2025, with an occupancy rate of 66% and generating annual rental income of approximately MYR 5,600,000 (approximately HKD 10,300,000)[16] - The company is actively seeking opportunities to sell its investment properties to enhance cash reserves and financial position[16] - The company plans to continue promoting remaining units and commercial spaces in various properties to increase rental income[14] Cemetery Project - The cemetery project in Guangdong Province has a total land area of approximately 518 acres, with the first phase completed, providing 5,485 burial plots and a columbarium with 550 niches[22] - The second to fifth phases of the cemetery project will allow for the construction of approximately 37,798 burial plots, with 20,224 plots planned for the second and third phases[22] - The revenue from cemetery operations in 2025 was HKD 6,178,000, while in 2024, it was HKD 10,255,000, indicating a decline in this segment[62] - The group plans to enhance its sales and marketing strategies for the cemetery project, aiming for a more proactive approach in brand establishment and customer service[24] Corporate Governance and Compliance - The company has complied with the corporate governance code as per the listing rules during the reporting period[36] - The company has not granted any share options under its share option scheme since its adoption on September 2, 2022[39] - Major shareholder Profit Stability Investments Limited holds 1,435,314,923 shares, representing 61.15% of the company[34] - The company did not buy or redeem any of its listed securities during the reporting period[38] Joint Ventures and Investments - The company’s share of results from joint ventures in 2025 was a loss of HKD 17,446,000, compared to a profit of HKD 7,620,000 in 2024, highlighting a downturn in joint venture performance[61] - The group holds investments in Beihai Group Limited (approximately 19.35% interest) and Zhongqi Group Limited (approximately 0.6% interest), with total investment value of approximately HKD 77.2 million as of September 30, 2025[25] Liquidation and Subsidiary Impact - The loss from the liquidation of a subsidiary amounted to HKD 4,741,000[81] - The net cash outflow during the liquidation process was HKD 1,348,000[81] - The total assets of the subsidiary included properties and equipment valued at HKD 4,822,000 and properties held for sale at HKD 42,656,000[81] - The subsidiary's liabilities included accounts payable and accrued expenses totaling HKD 21,250,000 and tax payables of HKD 28,896,000[81] - The financial impact of the liquidation reflects a significant adjustment in the company's asset management strategy[81]

FF301 致：香港交易及結算所有限公司 公司名稱: Chuang's China Investments Limited (莊士中國投資有限公司) 呈交日期: 2025年12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) | 00298 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 18,000,000,000 | HKD | | 0.05 | HKD | | 900,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | 0 | | 本月底結存 | | 18,000,000,000 | HKD | | 0.05 | HKD | | 900,000,000 | 本月底法定/註冊股本總額： HKD 900,000,000 第 1 頁 共 10 ...

有關根據時代中國重組 交換時代中國票據之 自願性聯合公佈 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聯合公佈之內容概不 負責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本聯合公佈 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。 本聯合公佈乃莊士機構及莊士中國自願作出。 交換時代中國票據 莊 士中 國董 事 會及 莊士 機構 董 事會 宣佈 ， 於2025 年 12 月 1 日， 莊 士中 國集 團 及莊 士機構集團接獲其投資銀行通知，就參考其當前狀況及發行人的最新公開資料， 其分別已收到/可能會收到莊士中國新時代中國組合及莊士機構新時代中國組合。 此乃根據於重組生效日期為2025年11月28日的時代中國重組，莊士中國集團及莊 士機構集團根據其中交換時代中國票據之安排交換其莊士中國舊時代中國票據及 莊士機構舊時代中國票據而已收到/可能會收到的。 莊士中國集團及莊士機構集團概無就交換時代中國票據已經/將會支付或收取任何 代價。 – 1 – 有關交換時代中國票據之詳情如下： (a) 就莊士中國集團而言 | | | | | 莊士中國舊時代中國票據 | | | | | | ...

Group 1 - The core viewpoint of the article highlights that Zhuangshi China (00298.HK) reported a significant increase in revenue and a reduction in losses for the six months ending September 30, 2025, with revenue growing approximately fourfold to HKD 101 million and losses attributable to equity holders decreasing to HKD 62.3 million [1] - The company’s net asset value per share is reported at HKD 1.22, with a loss per share of HKD 0.0265 [1] - The company maintains a cautious outlook on the global economic environment, while noting signs of stabilization and gradual recovery in the property market in China due to supportive government policies [1] Group 2 - In Hong Kong, the residential property market is showing signs of recovery with increasing transaction volumes, attributed to interest rate reductions during the review period [1] - The company is focused on optimizing its business operations and is actively seeking opportunities to increase cash reserves, aiming to maximize returns for shareholders [1]

Financial Performance - The group recorded revenue of HKD 101,072,000 for the six months ended September 30, 2025, compared to HKD 20,940,000 in the same period of 2024, representing a significant increase of 383%[4] - The cost of sales was HKD 81,574,000, resulting in a gross profit of HKD 19,498,000, compared to a gross profit of HKD 10,915,000 in 2024[4] - The group reported a net loss attributable to equity holders of HKD 62,300,000, a decrease from HKD 176,184,000 in the previous year[3] - The group recorded operating loss of HKD 48,362,000, a significant improvement from HKD 206,526,000 in the previous year[4] - The total comprehensive loss for the period was HKD 35,851,000, compared to HKD 104,673,000 in the previous year[5] - The company reported a significant increase in cash reserves, which may support future investments and operational stability[6] - The group recorded a loss before tax of HKD 68,418,000, with the largest losses coming from property development (HKD 54,487,000) and other business segments[22] - The company reported a net loss of HKD 68,280,000 for the period, with a notable loss in property development[22] - The group’s attributable loss to equity holders was HKD 62,300,000, a reduction of approximately 64.6% compared to HKD 176,200,000 in 2024[45] Financial Position - The net cash received from the transfer of debt rights amounted to approximately HKD 103,000,000, strengthening the group's financial position[3] - The group had total cash reserves of HKD 490,200,000, including bond and securities investments of HKD 22,700,000, with no bank borrowings as of the report date[3] - The net asset value per share was HKD 1.22, while the loss per share was HKD 0.0265[3] - As of September 30, 2025, total assets amounted to HKD 3,320,952,000, a decrease from HKD 3,406,041,000 as of March 31, 2025, representing a decline of approximately 2.5%[6] - Non-current assets were valued at HKD 1,599,227,000, down from HKD 1,723,753,000, indicating a decrease of about 7.2%[6] - Current assets totaled HKD 1,864,090,000, slightly down from HKD 1,893,938,000, reflecting a decrease of approximately 1.6%[6] - Cash and bank balances increased to HKD 467,477,000 from HKD 367,783,000, showing a growth of about 27.1%[6] - Total liabilities decreased to HKD 418,230,000 from HKD 356,637,000, an increase of approximately 17.3%[7] - Shareholders' equity stood at HKD 2,987,811,000, compared to HKD 2,964,315,000, indicating a growth of about 0.8%[7] - As of September 30, 2025, the company's net asset value attributable to equity holders reached HKD 2,872,800,000, down from HKD 2,905,600,000 on March 31, 2025[64] Cash Flow and Liquidity - The company recorded a net cash position of HKD 431,000,000 as of September 30, 2025, compared to HKD 263,500,000 on March 31, 2025[65] - The company's cash and bank balances as of September 30, 2025, amounted to HKD 467,500,000, an increase from HKD 367,800,000 on March 31, 2025[65] - Approximately 70.4% of the company's cash, bank balances, bonds, and securities investments are denominated in HKD and USD, while 28.0% are in RMB[66] - The company has no bank borrowings as of the report date, having fully repaid its bank loans after September 30, 2025[65] Investments and Assets - The company holds a 61.15% stake in Profit Stability Investments Limited, a subsidiary registered in the British Virgin Islands[9] - The company has obtained a total asset value of approximately RMB 918.9 million (equivalent to about HKD 1,003.2 million) for its cemetery assets as of September 30, 2025, with approximately 2,490 burial plots and 520 niches available for sale[60] - The company recorded a pre-tax net income of HKD 3 million from investments during the period, including realized gains of HKD 90.3 million from the sale of investments[62] - The company’s investment properties experienced a fair value loss of HKD 5,627,000 during the period[22] - The fair value gain on financial assets for 2025 was HKD 2,468,000, a significant improvement from a loss of HKD 775,000 in 2024[25] Operational Highlights - The main business activities include property development, investment, hotel management, and cemetery operations[8] - The company’s operating segments include property development, securities investment, and other businesses, with a focus on resource allocation based on performance[21] - The total property sales amount was approximately HKD 83,100,000, with rental and management fee income of about HKD 11,300,000[44] - Selling and promotional expenses increased by approximately 34.2% to about HKD 16,100,000, primarily due to sales commissions recorded during the review period[43] Risk Management - The group continues to face various financial risks, including credit risk, liquidity risk, cash flow and fair value interest rate risk, foreign exchange risk, and price risk[14] - There have been no significant changes in cash outflows related to financial liabilities compared to the fiscal year ending March 31, 2025[15] - The group believes that the carrying amounts of financial assets and liabilities in the interim financial data are similar to their fair values[18] - There were no significant changes in the economic or market conditions affecting the fair value of the group's financial assets and liabilities as of September 30, 2025[18] Corporate Governance - The company has adhered to the corporate governance code and established an audit committee to oversee financial reporting and risk management[71] - The group adopted new accounting standards effective from April 1, 2025, but does not expect any significant impact on its financial performance or position[12] - As of September 30, 2025, the group assessed that the adoption of revised accounting standards would not result in any major changes to its accounting policies or presentation of financial data[13] Employee and Community Engagement - As of September 30, 2025, the company employed 69 staff members and provided various employee benefits, including discretionary bonuses and medical insurance[69]

董事會會議日期 Chuang's China Investments Limited (莊士中國投資有限公司) (「本公司」) 董事會 (「董事會」) 謹此宣佈訂於 2025 年 11 月 26 日 (星期三) 在香港中環遮打道 18 號 歷山大廈 25 樓召開本公司之董事會會議，其中包括考慮及批准(i)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及其刊發及(ii)如屬適用，派發股息。 承董事會命 Chuang's China Investments Limited （莊士中國投資有限公司） 主席 莊家彬 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，並明確表示概不就因本公佈全部或任何部 份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。 香港，2025 年 11 月 14 日 於本公佈日期，莊家彬先生、李美心小姐、莊家豐先生及莊家淦先生為本公司之執 行董事，黎慶超先生為本公司之非執行董事，而石禮謙先生、吳傑莊博士及 邱智明先生為本公司之獨立非執行董事。 ...