本公告乃由日本共生集團有限公司（「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13.09條及香港法例第571章證券及 期貨條例第XIVA部項下內幕消息條文（定義見上市規則）作出。 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的內容概不負責，對其 準確性或完整性亦無發表聲明，並明確表示概不會就因本公告全部或任何部分內容而產 生或因依賴該等內容而引致的任何損失承擔任何責任。 JAPAN KYOSEI GROUP COMPANY LIMITED 日本共生集團有限公司 （於百慕達註冊成立的有限公司） （股份代號：00627） 盈利預警 日本共生集團有限公司 執行董事及行政總裁 金子博博士 香港，2025年8月28日 於本公告日期，董事會成員包括一名執行董事，即金子博博士；一名非執行董事，即 鍾浩為先生；及三名獨立非執行董事，即黃忠全先生、鄧映心女士及夏詩韻女士。 –2– 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，根據管理層基 於本集團截至2025年6月30日止六個月期間（「報告期內」）未經審核合併管理賬目作出的 初步評估以及 ...

[2024 Annual Report Supplementary Announcement](index=1&type=section&id=2024%20Annual%20Report%20Supplementary%20Announcement) [Purpose and Background of the Announcement](index=1&type=section&id=Purpose%20and%20Background%20of%20the%20Announcement) This announcement supplements the 2024 Annual Report of Japan Kyosei Group Co., Ltd., ensuring comprehensive information disclosure - This announcement serves as a supplementary document to the Japan Kyosei Group Co., Ltd.'s 2024 Annual Report, providing additional information[3](index=3&type=chunk)[4](index=4&type=chunk) [Supplementary Information on Share Option Scheme](index=1&type=section&id=Supplementary%20Information%20on%20Share%20Option%20Scheme) This section supplements disclosures on share options available for grant as of January 1 and December 31, 2024, and under the new share option scheme Key Data for Share Option Scheme | Metric | Number of Options | | :--- | :--- | | Number of options available for grant as of January 1, 2024 | 11,236,749 | | Number of options available for grant as of December 31, 2024 | 11,236,749 | | Number of options available for grant under the new share option scheme | 0 | [Other Information Unchanged and Board Members](index=2&type=section&id=Other%20Information%20Unchanged%20and%20Board%20Members) This supplementary announcement's disclosures do not affect other 2024 Annual Report content and list the Board of Directors' composition as of the announcement date - All other information in the 2024 Annual Report remains unchanged, except for this supplementary disclosure[6](index=6&type=chunk) - As of August 27, 2025, the Board of Directors comprises one Executive Director (Dr. Hiroshi Kaneko), one Non-Executive Director (Mr. Chung Ho Wai), and three Independent Non-Executive Directors (Mr. Wong Chung Chuen, Ms. Tang Ying Sum, and Ms. Ha Sze Wan)[7](index=7&type=chunk)

Company Overview - Japan Kosei Group Limited was founded by Mr. Pan Weiming and officially listed on the Hong Kong capital market on December 1, 2017, with stock code 627 [2] - The company has been actively developing residential projects in Changsha, Hunan Province since 2006, providing quality living spaces for the local middle class [2] - The business continues to focus on various types of real estate projects in Changsha, including integrated, commercial, office, and residential developments [2] Financial Performance - As of December 31, 2024, Japan Kosei reported total operating revenue of 99.7 million yuan, a year-on-year decrease of 59.86% [1] - The net profit attributable to the parent company was -852 million yuan, a year-on-year decrease of 74.11% [1] - The gross profit margin was -201.65%, and the debt-to-asset ratio was 151.43% [1] Market Performance - As of August 18, the Hang Seng Index fell by 0.37%, closing at 25,176.85 points [1] - Japan Kosei's stock closed at 1.01 HKD per share, an increase of 55.38%, with a trading volume of 514,200 shares and a turnover of 494,000 HKD, showing a volatility of 63.08% [1] - Over the past month, Japan Kosei has seen a cumulative decline of 35%, while year-to-date, it has increased by 34.02%, outperforming the Hang Seng Index's increase of 25.97% [1] Industry Valuation - The average price-to-earnings (P/E) ratio for the real estate industry (TTM) is 3.09 times, with a median of -0.17 times [1] - Japan Kosei's P/E ratio is -1 times, ranking 176th in the industry [1] - Other companies in the industry include Baishida Holdings (0.94 times), Ruosen Living Services (2.82 times), Xinyuan Services (3.12 times), Xingye IoT (3.21 times), and China New City (3.29 times) [1]

格隆汇8月15日丨日本共生(00627.HK)公告，公司将于2025年8月29日举行董事会会议，藉以(其中包括) 考虑及批准集团截至2025年6月30日止6个月的中期业绩、中期业绩发布，以及派付中期股息(如有)。 ...

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的內容概不負責，對其 準確性或完整性亦無發表聲明，並明確表示概不會就因本公告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。 JAPAN KYOSEI GROUP COMPANY LIMITED 香港，2025年8月15日 日本共生集團有限公司 執行董事及行政總裁 金子博博士 日本共生集團有限公司 （於百慕達註冊成立的有限公司） （股份代號：00627） 董事會會議通告 日本共生集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」）會 （「董事會」）謹此宣佈，本公司將於2025年8月29日舉行董事會會議，藉以（其中包括）考 慮 及批准本集團截至2025年6月30日止六個月的中期業績、中期業績發佈，以及派付中期 股息（如有）。 承董事會命 於本公告日期，董事會成員包括一名執行董事，即金子博博士；一名非執行董事， 即鍾浩為先生；及三名獨立非執行董事，即黃忠全先生、鄧映心女士及夏詩韻女士。 ...

呈交日期: 2025年8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) | 00627 | 說明 | 股份 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 50,000,000,000 | HKD | | 0.01 | HKD | | 500,000,000 | 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7月31日 狀態: 新提交 本月底法定/註冊股本總額： HKD 500,000,000 FF301 ...

Company Overview - Japan Kosei Group Limited was founded by Mr. Pan Weiming and officially listed on the Hong Kong capital market on December 1, 2017, with stock code 627 [3] - The company has been actively developing residential projects in Changsha, Hunan Province since 2006, providing quality living spaces for the local middle class [3] - The business continues to focus on various types of real estate projects in Changsha, including integrated, commercial, office, and residential projects [3] Financial Performance - As of December 31, 2024, Japan Kosei reported total operating revenue of 99.7 million, a year-on-year decrease of 59.86% [2] - The net profit attributable to the parent company was -852 million, a year-on-year decrease of 74.11% [2] - The gross profit margin was -201.65%, and the debt-to-asset ratio was 151.43% [2] Market Performance - Over the past month, Japan Kosei has seen a cumulative increase of 117.39%, and a year-to-date increase of 106.19%, outperforming the Hang Seng Index by 22.22% [2] - The stock closed at 1.2 HKD per share on July 17, with a trading volume of 60,000 shares and a turnover of 72,000 HKD [1] - Currently, there are no institutional investment ratings for the stock [2] Industry Valuation - The average price-to-earnings (P/E) ratio for the real estate industry (TTM) is 10.11 times, with a median of -0.16 times [2] - Japan Kosei's P/E ratio is -1.54 times, ranking 160th in the industry [2] - Other companies in the industry include Baishida Holdings (0.68 times), Hengda Group Holdings (1.71 times), China New City (2.27 times), Ruosen Life Services (2.82 times), and Xingye IoT (3.12 times) [2]

Core Viewpoint - The company Japan Kosei (00627.HK) is planning to establish a joint venture to expand into artificial intelligence projects despite facing consecutive losses in its performance, attracting market attention [1][4]. Group 1: Company Performance - Japan Kosei reported a revenue of 99.7 million yuan in 2024, a year-on-year decline of 59.86% [6]. - The company experienced a net loss attributable to shareholders of 852 million yuan, compared to a loss of 489 million yuan in the previous year [6]. - The board aims to focus on high-potential real estate and land development projects in China and Japan, including undervalued urban redevelopment projects and logistics hubs [6]. Group 2: Joint Venture and Market Reaction - On July 3, Japan Kosei signed a memorandum of understanding with Beijing Yihe Dream Digital Technology Co., Ltd. to explore a potential joint venture in artificial intelligence [4]. - Following the announcement, Japan Kosei's stock price surged, reaching a peak of 1.58 HKD per share, with a maximum increase of over 240% and total trading volume exceeding 3.6 million HKD [3][4]. - The collaboration aims to leverage both companies' competitive advantages and resources to establish a mutually beneficial partnership, potentially diversifying revenue sources and achieving sustainable business growth [5].

Financial Performance - The total revenue for the year was approximately RMB 99,700,000, a decrease of 59.9% compared to RMB 248,399,000 for the previous year[15]. - The loss attributable to the company's owners for the year was RMB 852,224,000, compared to a loss of RMB 489,482,000 in the previous year[16]. - Basic and diluted loss per share for the year was RMB 0.5999, compared to RMB 0.7167 in the previous year[16]. - Property sales revenue was approximately RMB 99,123,000, a decrease of 60.0% from RMB 247,785,000 in the previous year[17][18]. - Rental income for the year was approximately RMB 577,000, down from approximately RMB 614,000 in the previous year[19]. - The group recorded a net loss of RMB 1.0376 billion for the year ending December 31, 2024[151]. - The company reported a net loss of RMB 1,037.6 million for the year, significantly higher than the net loss of RMB 686.7 million in 2023[163]. - The company’s equity attributable to owners showed a loss of RMB 1,873.3 million, compared to a loss of RMB 1,013.3 million in 2023[168]. - The company faced significant challenges in revenue recognition due to the loss of control over two subsidiaries, impacting financial reporting[157]. Financial Position - The group’s total liabilities increased by approximately 153.5% to RMB 1,806,734,000 as of December 31, 2024, compared to RMB 712,778,000 in the previous year[30]. - As of December 31, 2024, total liabilities exceeded current assets by RMB 1.8178 billion[151]. - The group had total borrowings of RMB 1.939 billion classified as current liabilities, with approximately RMB 1.515 billion secured against development properties[151]. - The company’s total liabilities increased, leading to a total equity attributable to non-controlling interests of RMB 66,563,000 as of December 31, 2024[169]. - The company had unrestricted cash and cash equivalents totaling only RMB 3.9 million as of December 31, 2024[178]. Operational Challenges - The operating environment remains challenging due to liquidity constraints, weak domestic demand, and unclear policies in the real estate sector[12]. - The expected credit loss provision for the year was approximately RMB 1,192,774,000, significantly up from RMB 607,950,000 in the previous year, primarily due to a provision for financial guarantees provided to a former subsidiary[21]. - The company is negotiating with lenders to secure new or renewed loans to improve liquidity[179]. - Management has implemented plans to enhance the group's liquidity and financial position[179]. Strategic Focus - The company aims to focus on high-potential real estate and land development projects in China and Japan, including undervalued urban redevelopment projects and logistics hubs[12]. - The group plans to prioritize investments in high-potential real estate and land development projects in China, while seeking strategic opportunities in Japan[28]. - The group continues to evaluate complementary opportunities in high-potential markets, including Malaysia and France, as part of its global growth strategy[29]. Corporate Governance - The company emphasizes the importance of high standards of corporate governance to manage business risks and enhance transparency[97]. - The board has implemented various governance policies and systems to ensure ethical conduct and best practices across the organization[97]. - The company has adopted the standard code of conduct for securities trading by directors, confirming compliance throughout the year[100]. - The company has a whistleblowing policy to protect whistleblowers from retaliation and ensure confidentiality of reported information[135]. - The company has established procedures for shareholders to request special general meetings if they hold at least 10% of the paid-up capital[140]. Audit and Compliance - The independent auditor for the group's consolidated financial statements is Deloitte Touche Tohmatsu, which will retire at the upcoming annual general meeting but is eligible and willing to be reappointed[82]. - The audit committee consists of three independent non-executive directors, responsible for reviewing financial information and monitoring internal controls and risk management[115]. - The company has not identified any violations of relevant laws and regulations that would have a significant impact during the year[75]. - The financial statements have been prepared on a going concern basis, contingent on the success of management's plans[154]. Shareholder Relations - The company emphasizes the importance of effective communication with shareholders to enhance investor relations[144]. - The group does not recommend any final dividend for the year, consistent with the previous year[27]. - The company has confirmed that at least 25% of its issued shares are held by the public at all times during the year[81]. Environmental Commitment - The company is committed to environmental sustainability and has implemented measures to promote energy conservation and reduce emissions[74]. - The company plans to publish a detailed independent environmental, social, and governance report available for public access[77].

Financial Performance - The total revenue for the year was approximately RMB 99,700,000, a decrease of 59.9% compared to RMB 248,399,000 for the previous year[11]. - The loss attributable to the owners of the company for the year was RMB 852,224,000, compared to a loss of RMB 489,482,000 in the previous year, with basic and diluted loss per share at RMB 0.5999[12]. - Property sales revenue was approximately RMB 99,123,000, a decrease of 60.0% from RMB 247,785,000 in the previous year, primarily from projects in Hunan and Fujian provinces[13][14]. - Rental income for the year was approximately RMB 577,000, down from RMB 614,000 in the previous year, with a fair value loss of approximately RMB 500,000 on the investment property portfolio[15]. - The group reported a loss of approximately RMB 39,476,000 from the deemed disposal of a subsidiary in China, with no losses recorded in previous years[19]. - The group recorded a net loss of RMB 1.0376 billion for the year ending December 31, 2024[147]. - The total comprehensive loss for the year was RMB 1,045,493,000, compared to RMB 690,999,000 in 2023, reflecting a worsening financial position[161]. - The company reported a basic and diluted loss per share of RMB 59.99 for 2024, an improvement from RMB 71.67 in 2023[161]. - The company reported a pre-tax loss of RMB 1,047,890,000 for the year ending December 31, 2024, compared to a loss of RMB 675,593,000 in 2023, indicating a significant increase in losses[168]. Operating Expenses and Financial Management - Operating expenses included sales and distribution costs of approximately RMB 1,981,000, with a cost-to-revenue ratio of 2.0%, and administrative expenses of approximately RMB 28,461,000, with a cost-to-revenue ratio of 28.5%[16]. - The company recognized an expected credit loss provision of approximately RMB 1,192,774,000, significantly higher than RMB 607,950,000 in the previous year, mainly due to guarantees provided for a former subsidiary[17]. - Financing costs for the year amounted to approximately RMB 213,484,000, a significant decrease from RMB 492,057,000 in the previous year, primarily due to the cancellation of subsidiary consolidations[21]. - The company has taken multiple measures to improve liquidity and financial conditions, with plans to remove the disclaimer of opinion from the auditor's report if these measures are effective[121]. - The management has implemented plans to enhance the group's liquidity and financial position[175]. Strategic Focus and Future Plans - The company aims to focus on high-potential real estate and land development projects in China and Japan, including undervalued urban redevelopment projects and logistics hubs[8]. - The company plans to optimize its investment portfolio by seeking investment opportunities in stable revenue environments in China, Japan, and other countries[8]. - The group plans to prioritize investments in high-potential real estate and land development projects in China while seeking strategic opportunities in Japan, particularly in the tourism and hotel sectors[24]. - The group continues to evaluate complementary opportunities in high-potential markets, including Malaysia and France, as part of its global growth strategy[25]. Governance and Compliance - The company has implemented various governance policies and systems to ensure high standards of business conduct and ethical behavior[93]. - The board of directors is responsible for ensuring compliance with corporate governance codes and maintaining high standards of business ethics and governance[117]. - The company has established reporting channels for stakeholders to raise concerns about potential misconduct confidentially or anonymously[93]. - The company has adopted a board diversity policy to enhance diversity across various dimensions, including gender, age, cultural and educational background, and professional experience[105]. - The company has not entered into any management or administrative contracts concerning the overall business or any significant part of the business during the year[56]. Shareholder Information - As of December 31, 2024, the total number of issued shares was 1,420,673,262, with major shareholders holding approximately 69.97% of the issued share capital[64]. - The top five customers accounted for approximately 11.39% of the group's total revenue, an increase from 9.14% in the previous year[42]. - The company maintains a shareholder communication policy to ensure that shareholder opinions and concerns are properly addressed[140]. - The company’s website serves as an effective communication platform for shareholders and the public[141]. Risk Management - The company has established procedures to identify, assess, and manage significant risks, including risk identification and prioritization based on potential impact and likelihood[127]. - The board has engaged Riskory Consultancy Limited for an annual review of the risk management and internal control systems, with no significant deficiencies reported[131]. - The internal audit function within the finance department is responsible for reviewing the effectiveness of internal controls, providing reasonable assurance against significant misstatements or losses[131]. Tax and Liabilities - The group has incurred tax liabilities of RMB 1.840 billion and RMB 2.406 billion as of December 31, 2024, related to property sales and profits in China[152]. - As of December 31, 2024, the total liabilities exceeded current assets by RMB 1.8178 billion[147]. - The group is facing overdue borrowings totaling approximately RMB 1.515 billion and interest payable of about RMB 30.2 million[149]. Changes in Corporate Structure - The company changed its name from "Fullsun International Holdings Group Co., Limited" to "Japan Kyosei Group Company Limited" effective November 30, 2023[79]. - The company’s shares abbreviation changed from "FULLSUN INT'L" to "JAPAN KYOSEI" effective January 23, 2024[79].