本公佈乃資本策略地產有限公司（「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第13.09(2)(a)條及證券及期貨條例（香港法 例第571章）第XIVA部之內幕消息條文而作出。 本公司董事會（「董事會」）謹此通知本公司股東（「股東」）及潛在投資者，根據初步 審閱本集團截至二零二五年三月三十一日止年度之未經審核綜合管理賬目及本公 司目前可得之管理資料，本集團預期截至二零二五年三月三十一日止年度錄得本 公司擁有人應佔綜合虧損約介乎1,650,000,000港元至1,700,000,000港元，而截至二 零二四年三月三十一日止年度則錄得本公司擁有人應佔綜合虧損426,000,000港元。 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 何部份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。 資本策略地產有限公司 * CSI PROPERTIES LIMITED （於百慕達註冊成立之有限公司） （股份代號：497） 盈利警告 本公佈所載資料乃基於董事會目前對市場狀況及本集團最近 ...

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，並明確表示概不就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。 本公佈僅作參考用途，並不構成收購、購買或認購證券的邀請或要約。本公佈所 述證券將不會在香港、美國或任何其他司法權區作出公開發售。 於若干司法權區派發本公佈及收購要約備忘錄受法律限制。獲得本公佈及收購要 約備忘錄的人士應自行了解並遵守任何有關限制。要約僅向美國境外且為非美國 人士的合資格持有人作出。本公司概不對任何人士違反任何司法權區適用限制的 行為承擔任何責任。 本公佈並不構成在美國或任何其他司法權區（根據其證券法未經登記或符合資格 前提呈證券要約、徵求或出售即屬違法的任何該等司法權區）提呈出售或徵求購 買任何證券的要約。證券未辦理登記或未獲登記規定的適用豁免前，不得在美國 提呈發售或出售。凡在美國進行任何證券公開發售，將只會以招股章程方式進行。 該招股章程將載有有關提出發售的公司以及其管理層及財務報表的詳細資料。本 公司不擬在美國公開發售證券。 資本策略地產有限公司 * CSI PROPERTIES L ...

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，並明確表示概不就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。 本公佈僅作參考用途，並不構成收購、購買或認購證券的邀請或要約。本公佈所 述證券將不會在香港、美國或任何其他司法權區作出公開發售。 於若干司法權區派發本公佈及收購要約備忘錄受法律限制。獲得本公佈及收購要 約備忘錄的人士應自行了解並遵守任何有關限制。要約僅向美國境外且為非美國 人士的合資格持有人作出。本公司概不對任何人士違反任何司法權區適用限制的 行為承擔任何責任。 本公佈並不構成在美國或任何其他司法權區（根據其證券法未經登記或符合資格 前提呈證券要約、徵求或出售即屬違法的任何該等司法權區）提呈出售或徵求購 買任何證券的要約。證券未辦理登記或未獲登記規定的適用豁免前，不得在美國 提呈發售或出售。凡在美國進行任何證券公開發售，將只會以招股章程方式進行。 該招股章程將載有有關提出發售的公司以及其管理層及財務報表的詳細資料。本 公司不擬在美國公開發售證券。 如未根據美國或任何其他司法權區的證券法例辦理登記或取得資格 ...

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，並明確表示概不就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。 本公佈僅作參考用途，並不構成收購、購買或認購證券的邀請或要約。本公佈所 述證券將不會在香港、美國或任何其他司法權區作出公開發售。 於若干司法權區派發本公佈及收購要約備忘錄受法律限制。獲得本公佈及收購要 約備忘錄的人士應自行了解並遵守任何有關限制。要約僅向美國境外且為非美國 人士的合資格持有人作出。本公司概不對任何人士違反任何司法權區適用限制的 行為承擔任何責任。 本公佈並不構成在美國或任何其他司法權區（根據其證券法未經登記或符合資格 前提呈證券要約、徵求或出售即屬違法的任何該等司法權區）提呈出售或徵求購 買任何證券的要約。證券未辦理登記或未獲登記規定的適用豁免前，不得在美國 提呈發售或出售。凡在美國進行任何證券公開發售，將只會以招股章程方式進行。 該招股章程將載有有關提出發售的公司以及其管理層及財務報表的詳細資料。本 公司不擬在美國公開發售證券。 如未根據美國或任何其他司法權區的證券法例辦理登記或取得資格 ...

Financial Performance & Sales Highlights - CSI achieved over HK$3.5 billion in sales and presales for FY 2022 YTD to ensure strong cash flow [14, 74] - The group's contracted sales attributable to the group reached HK$2,164,734,000, with HK$1,346,492,000 unrecognised [15] - Gross revenue from property business decreased by 60% from HK$247 million in 1H FY2021 to HK$100 million in 1H FY2022 [23] - Profit attributable to equity holders decreased by 54% from HK$1,156 million in 1H FY2021 to HK$128 million in 1H FY2022 [23] Key Disposals & Asset Management - Key disposals in 1H FY2022 included 15 units at Knightsbridge residential project in Beijing (CSI-65%), 3 villas for Queen's Gate project in Shanghai (CSI – 50%), and 2 units at 38 Wai Yip Street Office Building (CSI-30%) [19] - Disposal of 49% interest in Novotel Hotel in Jordan, with CSI retaining 51% [19, 23] - The company aims to sell approximately HK$5-6 billion+ of prime assets annually to drive EBITDA [24, 53, 79] Balance Sheet & Credit Metrics - The company has properties and related assets worth HK$22,895 million as of September 30, 2021 [26] - Cash and bank balances, including cash held by securities brokers, amounted to HK$3,117 million [26, 57] - Net debt / total assets (net gearing ratio) was 30.6% in 1H FY 2022 [28] Funding & Capital Structure - Total bank borrowings stood at HK$9,353 million as of September 30, 2021, with 15% due within 1 year and 85% between 1-5 years [50, 51] - The company successfully issued a new US$300 million 4-year senior bond at 5.45% in July 2021 [52, 56, 94] - Total debt (bank and other borrowings) to total asset ratio of approximately 41.7% as at 30 Sep 2021 [58]

Financial Performance - CSI made over HK$4.1 billion of sales and presales for FY 2022 [14] - Gross revenue from property business increased by 14% from HK$369 million in FY2021 to HK$420 million in FY2022 [20] - Profit attributable to equity holders increased by 250% from HK$331 million in FY2021 to HK$1,156 million in FY2022 [20] - The company aims to sell approximately HK$5-6 billion+ of prime assets annually to further drive EBITDA [21, 50] Balance Sheet and Liquidity - Cash and bank balances increased significantly from HK$1.501 billion in FY2021 to HK$3.479 billion in FY2022 [23] - Net debt / total assets (net gearing ratio) decreased from 36.4% in FY2021 to 27.0% in FY2022 [25] - The Group successfully raised a new US$300 million 4-year bond at an attractive rate of 5.45% in July 2021 [48, 53] Key Strategies - Management prioritizes annual asset sales to recycle capital & crystalize profit [85] - The company has a visible disposal pipeline to further drive EBITDA [21, 50, 89] - The company focuses on high-quality residential and commercial real estate portfolio [84] Projects and Redevelopments - Novotel Hotel Kowloon is undergoing redevelopment into a mixed commercial/residential tower with an expected completion in 2025 [59, 66] - The company is involved in a farmland conversion to residential development in Kwu Tong with a future attributable GFA of approximately one million sq ft [67, 70] - Lai Sun Yuen Long Centre is undergoing conversion to residential with a future attributable GFA of approximately 400,000 sq ft [71, 77]

Financial Performance - CSI achieved approximately HK$896 million in sales for 1H FY2023 to maintain a healthy cash flow [12] - Gross revenue from property business increased by 132% from HK$100 million in 1H FY2022 to HK$231 million in 1H FY2023 [15] - Gross profit increased by 137% from HK$53 million in 1H FY2022 to HK$125 million in 1H FY2023 [15] - Profit from property joint ventures/associates increased by 167% from a loss of HK$230 million in 1H FY2022 to a profit of HK$154 million in 1H FY2023 [15] - Profit attributable to equity holders decreased by 52% from HK$128 million in 1H FY2022 to HK$62 million in 1H FY2023 [15] Balance Sheet and Credit Metrics - The company has properties and related assets worth HK$24420 million as of September 30, 2022 [16] - Cash and bank balances amounted to HK$2622 million [16] - Net debt to total assets ratio was 33% as of 1H FY2023, compared to 27% in FY2022 [18] - EBITDA to interest expenses was 15x in 1H FY2023 [18] Strategies and Portfolio - The company focuses on high-quality residential and commercial real estate portfolio [58] - The company is managing disposal pipeline to recycle capital and crystalize profit [58] - The company maintains prudent financing with strong asset coverage and liquidity [58]

Financial Performance & Sales - CSI Properties achieved approximately HK$2,377 million in sales for FY2023, including Joint Ventures and Associates, to ensure strong cash flow[12] - The company's gross revenue from property business increased by 91% from HK$420 million in FY2022 to HK$804 million in FY2023, with property sales contributing HK$546 million and rental income HK$258 million[15] - Gross profit saw a significant increase of 1,203%, rising from HK$31 million in FY2022 to HK$404 million in FY2023[15] - Profit attributable to equity holders decreased by 71% from HK$1,156 million in FY2022 to HK$336 million in FY2023, mainly due to one-off gains in FY2022 from the sale of a 49% interest in Novotel Hotel[15] Balance Sheet & Credit Metrics - The company maintains a strong balance sheet with properties and related assets valued at HK$23,628 million as of March 31, 2023[16] - Cash and bank balances, including cash held by securities brokers, amounted to HK$3,162 million as of March 31, 2023[16] - Net debt to total assets ratio increased from 27% in FY2022 to 28.8% in FY2023[18] - EBITDA to interest expenses ratio decreased from 2.4x in FY2022 to 1.4x in FY2023[18] Strategies & Portfolio - The company focuses on prime Hong Kong properties and manages a high-quality residential and commercial real estate portfolio[15, 57] - CSI Properties is actively managing its disposal pipeline to recycle capital and crystallize profit, with completed sales accounting for over HK$2,376 million in FY2023[57, 66] - The company has a diversified funding sources, including equity and debt, and well-managed bank borrowings, with total bank borrowings at HK$10,080 million[39, 40]

Financial Performance Highlights - CSI made approximately HK$1,346 million in sales and had approximately HK$1,956 million of unrecognized contracted sales commitments for 1H FY2024[12] - Gross revenue from property business increased by 40% from HK$231 million in 1H FY2023 to HK$324 million in 1H FY2024[15] - Gross profit increased by 54% from HK$125 million in 1H FY2023 to HK$192 million in 1H FY2024[15] - Profit from property joint ventures/associates increased by 50% from HK$154 million in 1H FY2023 to HK$231 million in 1H FY2024[15] Balance Sheet and Credit Metrics - The company maintained a strong balance sheet with properties and related assets valued at HK$24,070 million as of September 30, 2023[16] - Cash and bank balances remained strong at HK$3,174 million as of September 30, 2023[16] - Net debt to total assets ratio was 269% as of 1H FY2024[18] - Net debt plus commitment to JVs /adjusted total assets plus JV assets was approximately 385% as of September 30, 2023[44] Strategies and Portfolio - The company focuses on managing a high-quality residential and commercial real estate portfolio[57] - The company aims to manage disposal pipeline to recycle capital & crystalize profit[57] - The company maintains prudent financing with strong asset coverage & liquidity[57] - Total bank borrowings amounted to HK$10,080 million, with 319% due within 1 year (HK$2,687 million) and 681% due between 1-5 years (HK$5,725 million)[40]

Financial Performance - CSI made sales of approximately HK$3,128 million and had approximately HK$794 million of unrecognized contracted sales commitment for FY2024[12] - Gross revenue from property business increased by 96% from HK$804 million in FY2023 to HK$1,579 million in FY2024[14] - The company reported a loss attributable to equity holders of HK$(426) million in FY2024, compared to a profit of HK$336 million in FY2023, mainly due to impairment loss in respect of amount due from a joint venture project[14] - The company's EBITDA decreased from 1.4x to 1.2x[18] Balance Sheet and Liquidity - The company maintains a strong balance sheet with properties and related assets valued at HK$22,870 million as of March 31, 2024[16] - Cash and bank balances, including cash held by securities brokers, amounted to HK$2,524 million[16] - Net debt to total assets ratio increased slightly from 28.8% in FY2023 to 29.2% in FY2024[18] - Total bank borrowings amounted to HK$7,882 million as of March 31, 2024, with 49.1% due within 1 year and 50.8% due between 1-5 years[40] Strategies and Outlook - Management's top priority is to focus on making continuing asset sales to recycle capital & crystalize profit[62] - The company has a solid pipeline of high-quality residential and commercial projects to provide ample liquidity and EBITDA[62] - The company estimates the current value of residential projects to be sold amounts to approximately HK$5 billion per CSI's stake[65]