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告之內容概不負責， 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告全部或任何 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。 CENTRAL DEVELOPMENT HOLDINGS LIMITED 中發展控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：475） 股東特別大會通告 茲通告中發展控股有限公司（「本公司」）謹訂於二零二六年一月二十日上午十時 正假座香港灣仔軒尼詩道303號協成行灣仔中心24樓舉行股東特別大會（「股東特 別大會」），藉以考慮及酌情通過下列決議案為本公司普通決議案： 普通決議案 – 1 – 1. 「動議 (a) 謹此批准、確認及追認本公司（作為發行人）、胡先生（作為債權人）與瀚 海資本（作為認購人）所訂立日期為二零二五年十一月二十八日的貸款 資本化協議（「貸款資本化協議」）及其項下擬進行的交易，內容有關將 本集團應付胡先生之無抵押股東貸款項下本金額為35,000,000港元的部 分貸款轉換為本公司股本（「貸款資本化」），涉及瀚海資本按資本化價 格每股資本化股份0.4港元認購（「認購事項」）本公 ...

此乃要件 請即處理 香港交易及結算所有限公司及香港聯合交易所有限公司（「聯交所」）對本通函之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通函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。 本通函的資料乃遵照聯交所主板證券上市規則而刊載，旨在提供有關中發展控股有限公司（「本公司」） 的資料；本公司董事（「董事」）願就本通函的資料共同及個別地承擔全部責任。各董事在作出一切 合理查詢後確認，就其所知及所信，本通函所載資料在一切重要方面均屬準確完備，且無誤導或欺 詐成分，及並無遺漏任何事項，致使本通函所載任何聲明或本通函產生誤導。 本通函僅供參考，並不構成收購、購買或認購本公司任何證券的邀請或要約。 閣下對本通函的任何方面或應採取的行動如有任何疑問，應諮詢 閣下的股票經紀或其他註冊證 券交易商、銀行經理、律師、專業會計師或其他專業顧問。 閣下如已售出或轉讓名下所有本公司股份，應立即將本通函及隨附之代表委任表格送交買主或受 讓人或經手買賣的銀行、股票經紀或其他代理商，以便轉交買主或受讓人。 CENTRAL DEVELOPMENT HOLDINGS LIMITED ...

CENTRAL DEVELOPMENT HOLDINGS LIMITED 中發展控股有限公司 (Incorporated in the Cayman Islands with limited liability) CENTRAL DEVELOPMENT HOLDINGS LIMITED (Stock Code: 475) 中發展控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：475） NOTIFICATION LETTER 通知信函 12 December 2025 Dear Non-registered Holder(s) (Note 1) , Central Development Holdings Limited (the "Company") – Notification of publication of Interim Report 2025/26 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communicatio ...

CENTRAL DEVELOPMENT HOLDINGS LIMITED 中發展控股有限公司 (Incorporated in the Cayman Islands with limited liability) CENTRAL DEVELOPMENT HOLDINGS LIMITED (Stock Code: 475) 中發展控股有限公司 （於開曼群島註冊成立之有限公司） 12 December 2025 Dear Registered Shareholders, Central Development Holdings Limited (the "Company") – Notice of publication of Interim Report 2025/26 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communication are now available on the Company's website at www.4 ...

Revenue Performance - The company's total revenue for the period ending September 30, 2025, was approximately HKD 67.9 million, a decrease of about 21.7% compared to HKD 86.7 million in the previous period[5]. - Revenue from the energy business fell from approximately HKD 80.3 million to about HKD 66.5 million, a decline of approximately 17.2%, primarily due to a decrease in natural gas product sales[6]. - The jewelry business recorded sales of approximately HKD 1.4 million, down about 77.7% from HKD 6.5 million in the previous period, impacted by global economic uncertainties and trade tensions[10]. - The company's revenue for the period was approximately HKD 67.9 million, a decrease of about 21.7% from approximately HKD 86.7 million in the previous period, primarily due to declines in both energy and jewelry business revenues[16]. - Energy business revenue decreased by approximately 17.2% to about HKD 66.5 million, down from approximately HKD 80.3 million, mainly due to reduced sales of liquefied natural gas[16]. - Jewelry business revenue fell approximately 77.7% to about HKD 1.4 million from approximately HKD 6.5 million, attributed to intensified market competition and ongoing economic fluctuations[16]. - Revenue for the six months ended September 30, 2025, was HKD 67,910,000, a decrease of 21.7% compared to HKD 86,745,000 for the same period in 2024[93]. - Jewelry sales generated revenue of HKD 1,442,000, down 77.8% from HKD 6,478,000 in the previous year[110]. - Revenue from liquefied natural gas (LNG) sales was HKD 35,407,000, a decline of 30.8% from HKD 51,188,000 in the previous year[109]. - The energy segment accounted for HKD 66,468,000 of total revenue, representing 97.9% of the total revenue for the period[115]. Financial Position - The company recorded a net loss attributable to shareholders of approximately HKD 10.2 million, an increase of about 9.9% from approximately HKD 9.3 million in the previous period[25]. - Gross profit decreased by approximately 30.8% from about HKD 5.9 million to approximately HKD 4.1 million, reflecting a decline in sales[17]. - The company's net asset value was HKD 4,185,000, down from HKD 11,877,000 as of March 31, 2025[97]. - The group’s capital debt ratio was approximately 452.8% as of September 30, 2025, compared to 259.6% as of March 31, 2025[30]. - Total assets and total liabilities were approximately HKD 258.9 million and HKD 254.7 million, respectively, as of September 30, 2025, resulting in a debt ratio of approximately 98.4%[33]. - The group had approximately HKD 19.0 million in secured bank borrowings as of September 30, 2025, down from HKD 30.8 million as of March 31, 2025[30]. - The group recorded a net loss attributable to shareholders of approximately HKD 10,214,000 for the six months ended September 30, 2025[104]. - The company reported a loss before tax of HKD 9,142,000, slightly improved from a loss of HKD 9,937,000 in the previous year[93]. - The company’s current liabilities exceeded its current assets by approximately HKD 21,867,000 as of September 30, 2025[104]. - Total liabilities amounted to HKD 254,702,000, with current liabilities at HKD 88,185,000[95]. Operational Strategies - The company plans to enhance supply chain resilience by securing more cost-competitive long-term suppliers and optimizing customer structure to mitigate short-term demand fluctuations[11]. - The company aims to improve operational efficiency and customer experience by optimizing supply chain collaboration and distribution networks[6]. - The company plans to focus on high-quality projects aligned with national policy directions to enhance energy efficiency and promote low-carbon transformation[13]. - The company aims to explore potential partnerships in the natural gas and solar photovoltaic sectors to improve resource allocation efficiency and long-term development potential[13]. - The company plans to implement strict cost-saving measures, focusing on reducing non-core and non-essential expenditures[105]. - The company received financial support from its controlling shareholder to address its financial needs[105]. - The company’s financial position is expected to improve due to the consensus reached with convertible bondholders regarding repayment terms[105]. Employee and Management Information - The group had 61 employees as of September 30, 2025, a decrease from 64 employees as of March 31, 2025[38]. - The company’s short-term employee benefits for key management personnel amounted to HKD 1,477,000 for the six months ended September 30, 2025, compared to HKD 1,344,000 for the same period in 2024[156]. Shareholder Information - As of September 30, 2025, Mr. Hu Yangjun holds 208,171,000 shares, representing approximately 50.52% of the issued shares[47]. - The beneficial interest of Fengyuan Capital Limited, controlled by Mr. Hu Yangjun, is 204,718,000 shares, accounting for 49.68% of the total issued shares[52]. - Mr. Zhang Bing holds 74,070,270 shares, which is approximately 17.97% of the total issued shares[52]. - The board has decided not to declare an interim dividend for the period[26]. - The company did not declare or propose any dividends during the interim period[129]. Debt and Financing - The group is actively seeking additional financing arrangements to meet short-term working capital needs and is considering equity fundraising options[28]. - The group did not obtain any new bank borrowings during the interim period, with total bank borrowings at HKD 18,952,000 as of September 30, 2025, down from HKD 30,831,000[142]. - Loans from a controlling shareholder rose to HKD 119,461,000 as of September 30, 2025, up from HKD 110,887,000 as of March 31, 2025[137]. - The company issued convertible bonds totaling HKD 52,000,000 with a 0% annual interest rate, convertible into 70,270,270 shares at an adjusted conversion price of HKD 0.74 per share[80]. - The effective interest rate for the convertible bonds is 22.9% per annum, with subsequent measurement at amortized cost[150]. Market Conditions and Challenges - The company faces significant pressure on its solar photovoltaic products due to international trade barriers and geopolitical tensions, impacting global sales channels[9]. - The demand for liquefied natural gas (LNG) is expected to grow in the medium to long term, supported by China's dual carbon goals and oil and gas system reforms[11]. - The likelihood of obtaining the gas operation license by November 30, 2025, is considered very low, leading to expected cancellation and retransfer arrangements[43]. - The board believes the likelihood of obtaining the gas operating license by the deadline is minimal, anticipating the cancellation and re-transfer arrangement to take effect[166]. Asset Management - Non-current assets totaled HKD 192,569,000 as of September 30, 2025, an increase from HKD 190,521,000 as of March 31, 2025[95]. - The group had approximately HKD 43.9 million in intangible assets as of September 30, 2025, slightly down from HKD 44.2 million as of March 31, 2025[29]. - The group’s investment properties were valued at approximately HKD 76.7 million as of September 30, 2025, up from HKD 73.6 million as of March 31, 2025[29]. - The fair value change of investment properties showed a gain of HKD 2,314 for the six months ended September 30, 2025, compared to a loss of HKD 7,642 in the same period of 2024[123]. Share Option Schemes - The 2016 Share Option Scheme was adopted on September 9, 2016, and was terminated after the 2023 Annual General Meeting, with no options granted or accepted since then[55]. - The 2023 Share Option Scheme was adopted on September 7, 2023, with its main terms outlined in the company's circular dated July 21, 2023, and a supplementary circular dated August 23, 2023[55]. - No options were granted under any share option plans during the period, leading to a weighted average of zero shares potentially issued under all plans[58]. - The maximum number of shares that may be issued upon the exercise of options under the 2023 Share Option Scheme is 38,756,400 shares, accounting for 10% and 9.41% of the issued shares as of the adoption date and report date, respectively[56]. - The 2023 Share Option Scheme has a vesting period of no less than 12 months unless otherwise determined by the board[76].

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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中發展控股有限公司 呈交日期: 2025年12月4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) | 00475 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月底法定 ...

Core Viewpoint - The company has entered into a loan capitalization agreement with Han Hai Capital, allowing for the issuance of 87.5 million capitalization shares at a price of HKD 0.4 per share, which will help the company manage its financial obligations without utilizing existing financial resources [1] Group 1: Loan Capitalization Agreement - The loan capitalization agreement involves the company, Mr. Hu Yangjun as the creditor, and Han Hai Capital as the subscriber [1] - Han Hai Capital will subscribe for 87.5 million capitalization shares, which represents approximately 21.23% of the total issued shares as of the announcement date [1] - The total subscription price for the capitalization shares will be settled through capitalization and offsetting part of the loan after the loan capitalization is completed [1] Group 2: Financial Implications - The company currently lacks the ability to repay the amounts owed to Mr. Hu without tightening existing financial resources [1] - Loan capitalization allows the company to clear part of its existing liabilities while avoiding cash outflows [1] - The enlarged total issued shares after the capitalization will represent approximately 17.51% of the total issued shares, assuming no changes in the number of issued shares from the announcement date until the completion of the loan capitalization agreement [1]

Core Viewpoint - China Development Holdings (00475) has announced a loan capitalization agreement with Han Hai Capital, allowing the latter to subscribe for 87.5 million capitalization shares at a price of HKD 0.4 per share, which will help the company settle part of its existing debts without utilizing current financial resources [1] Group 1: Loan Capitalization Agreement - The agreement involves China Development Holdings, Mr. Hu Yangjun as the creditor, and Han Hai Capital as the subscriber [1] - Han Hai Capital will subscribe for 87.5 million capitalization shares, which represents approximately 21.23% of the total issued shares as of the announcement date [1] - The total subscription price for the capitalization shares will be settled through capitalization and offsetting part of the loan after the loan capitalization is completed [1] Group 2: Financial Implications - The company currently lacks the ability to repay the amounts owed to Mr. Hu without tightening existing financial resources [1] - The loan capitalization allows the company to clear part of its existing liabilities while avoiding cash outflows [1] - After the issuance of the capitalization shares, the enlarged total issued shares will represent an increase of approximately 17.51% assuming no changes in the total issued shares from the announcement date until the completion of the loan capitalization agreement [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告之內容概不負責， 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告全部或任何 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。 本公告僅供參考，並不構成收購、購買或認購本公司股份之邀請或要約。 CENTRAL DEVELOPMENT HOLDINGS LIMITED 中發展控股有限公司 （於開曼群島註冊成立之有限公司） （股份代號：475） 有關根據特別授權 透過認購新股份進行貸款資本化的 關連交易 貸款資本化協議完成須待（其中包括）聯交所上市委員會已批准資本化股份上市 及買賣後，方告完成。 獨立財務顧問 獨立董事委員會及獨立股東的 第一瑞興企業融資有限公司 有關根據特別授權認購新股份而進行貸款資本化的關連交易 董事會欣然宣佈，於二零二五年十一月二十八日（交易時段後），本公司（作為 發行人）、胡先生（作為債權人）與瀚海資本（作為認購人）訂立貸款資本化協議， 據此，各訂約方有條件同意，瀚海資本將認購而本公司將按資本化價格每股資本 化股份0.4港元配發及發行87,500,000股資本化股份。瀚海資本應付之所有資本化 股份的總認購價將須 ...

公司将继续审慎前行、灵活调整营运策略。在严控成本与提升营运效率的同时，加大与上游供应商及物 流伙伴的协作，提升盈利能力。虽然短期行业仍受宏观与价格因素牵动，但公司将在风险可控的原则 下，把握利好市场政策与市场结构性机遇，力求在复杂市况中保持稳健发展。 格隆汇11月26日丨中发展控股(00475.HK)公告，截至2025年9月30日止6个月中期业绩，集团的收益总额 约6790万港元，同比下降约21.7%。公司拥有人应占期间亏损由上一期间约930万港元增加至本期间约 1020万港元，增幅约为9.9%。每股基本亏损为2.5港仙(2024年：2.4港仙)。董事会议决不建议派发本期 间的中期股息(2024年：无)。 ...