Financial Performance - The group's revenue decreased by 52.6% to HKD 315.2 million (2024: HKD 664.7 million), primarily due to a significant reduction in orders from major customers amid macroeconomic pressures[9]. - Gross profit fell by 42.6% to HKD 38.0 million (2024: HKD 66.1 million), attributed to ongoing inflationary pressures on supply chain and subcontractor costs despite strategic relocation of production to Southeast Asia[10]. - The annual loss increased by 36.8% to HKD 46.2 million (2024: HKD 33.8 million), mainly due to a substantial decline in gross profit[15]. - The apparel manufacturing and trading segment's revenue dropped to HKD 315.2 million (2024: HKD 664.7 million), with the US and European markets contributing approximately 82.2% of total segment revenue[6]. - The group reported total revenue of HKD 315,225,000 for the year ending December 31, 2025, a decrease of 52.6% compared to HKD 664,688,000 in 2024[32]. - Gross profit for 2025 was HKD 37,979,000, down 42.5% from HKD 66,136,000 in 2024[32]. - The company incurred a pre-tax loss of HKD 46,225,000 in 2025, compared to a loss of HKD 33,793,000 in 2024, representing a 37% increase in losses[32]. - The group reported external sales of HKD 315,225,000 for the year ending December 31, 2025, with a reported segment loss of HKD (31,884,000)[46]. - For the year ending December 31, 2024, external sales were HKD 664,688,000, with a reported segment loss of HKD (18,128,000)[48]. Cash Flow and Liquidity - The group's cash and bank balances decreased by 56.4% to HKD 48.5 million (2024: HKD 111.0 million), primarily due to cash outflows from operating activities[16]. - The group's liquidity ratio fell to 1.8 (2024: 2.5), indicating a continued ability to meet short-term obligations despite a decrease in working capital[16]. - Operating expenses decreased by 8.9% to HKD 71.6 million (2024: HKD 78.6 million), mainly due to reduced employee benefits and one-off redundancy costs related to the cessation of operations at the Heshan facility[11]. - The group generated total capital expenditure of HKD 0.8 million in the current year, significantly down from HKD 5.7 million in 2024, primarily due to the procurement of production equipment related to garment manufacturing and trading in Cambodia and Indonesia[18]. - The group received government subsidies of approximately HKD 4,000,000 in 2025, down from HKD 6,000,000 in 2024, a decrease of 33.3%[65]. Market Conditions and Strategy - The global economic outlook remains highly uncertain, with ongoing inflation and geopolitical tensions impacting consumer spending in core markets like the US and Europe[27]. - The company anticipates that brand customers will maintain a cautious purchasing strategy, including placing fewer but more frequent orders and tightening budgets[27]. - The company plans to explore opportunities for new manufacturing partnerships or investments in self-operated factories in Southeast Asia to enhance production resilience[28]. - The company aims to improve sustainable practices and invest in automation and digital tools to maintain its competitive advantage in serving international brands[28]. - The company will focus on core garment manufacturing and trading, while ensuring cash flow safety and operational liquidity[29]. - The company plans to maintain a cautious strategy in its securities investment business due to long-term stagnation and market volatility[29]. Corporate Governance and Management - The board of directors does not recommend the payment of a final dividend for the year ending December 31, 2024[30]. - The annual general meeting is scheduled for June 5, 2026, with a temporary suspension of share transfer registration from June 2 to June 5, 2026[31]. - The role of the CEO remains vacant as of the announcement date, with responsibilities temporarily assigned to other executives[84]. - The company has adhered to all corporate governance codes as of December 31, 2025, except for specific provisions[82]. - The Audit Committee, consisting of three independent non-executive directors, has reviewed and confirmed that the financial performance for the year ending December 31, 2025, complies with relevant accounting standards and regulations[80]. Assets and Liabilities - The total assets decreased to HKD 127,451,000 in 2025 from HKD 166,638,000 in 2024, a decline of 23.5%[33]. - The company's net asset value fell to HKD 105,668,000 in 2025, down 28.5% from HKD 147,923,000 in 2024[34]. - Total assets decreased from HKD 239,559,000 in 2024 to HKD 212,272,000 in 2025, a decline of approximately 11.4%[49]. - Total liabilities increased from HKD 91,636,000 in 2024 to HKD 106,604,000 in 2025, an increase of approximately 16.3%[49]. Employee and Operational Changes - The group reduced its workforce to 180 full-time employees as of December 31, 2025, down from 213 in 2024, due to a strategy to streamline operations at the Heshan facility[24]. - Employee costs totaled HKD 35,524,000 in 2025, down from HKD 39,380,000 in 2024, indicating a decrease of about 9.4%[67]. Financial Reporting Standards - The group anticipates that the application of the new Hong Kong Financial Reporting Standards will impact the structure and presentation of the consolidated income statement in the future[41]. - The group has not early adopted any new Hong Kong Financial Reporting Standards that have been issued but are not yet effective, indicating no significant impact on the consolidated financial statements in the foreseeable future[39]. - The group is currently evaluating the specific impact of Hong Kong Financial Reporting Standard No. 18 on its consolidated financial statements[41]. - The new standards are expected to require retrospective application and include specific transitional provisions[41]. Other Financial Metrics - Trade receivables increased from HKD 26,189,000 in 2024 to HKD 30,394,000 in 2025, an increase of approximately 16.5%[58]. - Trade payables rose to HKD 21,243,000 in 2025 from HKD 19,424,000 in 2024, an increase of about 9.4%[75]. - The company reported financing income of HKD 380,000 in 2025, while financing expenses totaled HKD 3,797,000[50]. - Total financing income decreased to HKD 380,000 in 2025 from HKD 1,396,000 in 2024, representing a decline of approximately 72.8%[66]. - Total financing expenses decreased to HKD 3,797,000 in 2025 from HKD 10,400,000 in 2024, a reduction of about 63.6%[66].

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 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 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的任何損失承擔任何責 任。 盈利警告 本 公 告 乃 恒 富 控 股 有 限 公 司（「本公司」及 其 附 屬 公 司 統 稱 為「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條及證券及期貨條例 （香 港 法 例 第571章）（「證券及期貨條例」）第XIVA部 之 內 幕 消 息 條 文 而 刊 發。 根 據 本 集 團 之 綜 合 管 理 賬 目 之 初 步 評 估，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，本 集 團 預 期 截 至 二 零 二 五 年 十 二 月 三 十 一 日 止 年度的淨虧損將顯著擴大至約46.9百 萬 港 元，而 截 至 二 零 二 四 年 十 二 月 三 十 一 日止年度的虧損則約為33.7百 萬 港 元。 根 據 ...

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。 董事會會議通知 恒 富 控 股 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）謹 此 宣 佈 將 於 二 零 二 六 年 三 月 二 十 七 日（星 期 五）舉 行 董 事 會 會 議，藉 以（其 中 包 括）考 慮 及 批 准 本 公 司 及其附屬公司截至二零二五年十二月三十一日止年度之年度業績及其刊發事 宜，以 及 建 議 派 發 末 期 股 息（如 有）。 本 公 司 股 東 及 潛 在 投 資 者 在 買 賣 本 公 司 股 份 時，務 請 審 慎 行 事。 承董事會命 恒富控股有限公司 主席兼執行董事 張紫星先生 香 港，二 零 二 六 年 三 月 四 日 於 本 公 佈 日 期，董 事 會 包 括 董 事 會 包 括 執 行 董 事 張 紫 星 先 生 及 李 智 豪 先 生，及 獨 立 非 執 行 董 事 鄭 偉 禧 ...

致：香港交易及結算所有限公司 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 | | | 公司名稱: 恒富控股有限公司 呈交日期: 2026年3月2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) | 00643 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | 本月底法定/註冊股本總額： HKD 200,000,0 ...

| 致：香港交易及結算所有限公司 | | | --- | --- | | 公司名稱: | 恒富控股有限公司 | | 呈交日期: | 2026年2月2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) | 00643 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本月底法定/註冊股本總額： HKD 200,000,000 FF301 第 1 頁 共 10 頁 v 1. ...

Core Viewpoint - The joint announcement by Hengfu Holdings (00643) and the offeror Mr. Zeng Junhao indicates that the offer for 590,000 shares was accepted, representing approximately 0.06% of the total issued shares as of the announcement date. However, the offer has expired due to unmet conditions and will not be extended or modified [1]. Summary by Categories Offer Acceptance - A total of 590,000 shares were effectively accepted in the offer, which is about 0.06% of the total issued shares as of the announcement date [1]. - The accepted shares, along with those owned by the joint offeror and its concert parties, amount to 412 million shares, representing approximately 45.77% of the total issued shares as of the announcement date [1]. Offer Expiration - The joint offer has been declared expired as of January 14, 2026, and will not be extended or modified due to the failure to meet the necessary conditions [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布的內容 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 聯合公布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。 本 聯 合 公 布 僅 供 參 考，並 不 構 成 任 何 收 購、購 買 或 認 購 本 公 司 的 證 券 的 邀 請 或 要 約 或 成 為 其 中 一 部 份，亦 非 在 任 何 司 法 權 區 徵 求 任 何 投 票 或 批 准，亦 不 得 在 與 適 用 法 律 或 規 例 相 抵 觸 的 情 況 下 於 任 何 司 法 權 區 出 售、發 行 或 轉 讓 本 公 司 證 券。若 構 成 違 反 任 何 司 法 權 區 的 相 關 法 律，則 本 聯 合 公 布 不 得 於 或 向 該 司 法 權 區 發 布、刊 發 或 分 發。 Zephyrus Capital Limited （於 香 港 註 冊 成 立 之 有 限 公 司） 曾俊豪先生 聯名要約人的要約代理人 獨立董事委員會的獨立財務顧問 – 1 – 聯合公布 ( ...

Group 1 - The company, Hengfu Holdings (00643), announced a change in its Hong Kong auditor's English name from "SFAI (HK) CPA Limited" to "ZSZH (HK) Fuson CPA Limited" [1] - The Chinese name of the auditor has also changed from "永拓富信会计师事务所有限公司" to "中审众环(香港)富信会计师事务所有限公司" [1] - These changes will take effect from January 9, 2026 [1]

Group 1 - The company, 恒富控股 (00643), announced a change in its Hong Kong auditor's English name from "SFAI(HK)CPA Limited" to "ZSZH(HK)Fuson CPA Limited" [1] - The Chinese name of the auditor has also changed from "永拓富信会计师事务所有限公司" to "中审众环(香港)富信会计师事务所有限公司" [1] - The changes will take effect from January 9, 2026 [1]

Group 1 - The company, Hengfu Holdings (00643.HK), announced a change in its Hong Kong auditor's English name from "SFAI(HK) CPA Limited" to "ZSZH(HK) Fuson CPA Limited" [1] - The Chinese name of the auditor has also been changed from "永拓富信会计师事务所有限公司" to "中审众环(香港)富信会计师事务所有限公司" [1] - These changes will take effect from January 9, 2026 [1]