Financial Performance - Revenue for the six months ended September 30, 2025, was HK$8,342,000, a decrease of 52.3% compared to HK$17,459,000 for the same period in 2024[11] - Gross profit for the current interim period was HK$1,631,000, down 62.1% from HK$4,311,000 in the previous year[11] - Operating loss increased significantly to HK$33,727,000 from HK$2,057,000, reflecting a substantial decline in profitability[11] - Loss for the period was HK$33,751,000, compared to a loss of HK$2,006,000 in the prior year, indicating a worsening financial position[12] - Total comprehensive loss for the period amounted to HK$54,150,000, contrasting with a comprehensive income of HK$4,293,000 in the previous year[12] - Basic and diluted loss per share for the current period was HK$10.61, compared to HK$1.11 in the previous year[12] - The Group reported a loss before income tax of HK$33,751,000 for the six months ended 30 September 2025, compared to a loss of HK$2,006,000 for the same period in 2024[49] - The Group recorded a loss attributable to owners of the Company of approximately HK$33.7 million for the Current Interim Period, compared to a loss of approximately HK$2.0 million for the Last Interim Period[129] Asset and Liability Management - Total assets decreased from HK$1,510,839,000 as of March 31, 2025, to HK$1,460,938,000 as of September 30, 2025, representing a decline of approximately 3.3%[13] - Current liabilities decreased from HK$308,351,000 to HK$296,713,000, a reduction of about 3.8%[13] - Net current assets decreased from HK$1,007,072,000 to HK$898,243,000, indicating a decline of approximately 10.8%[13] - Non-current liabilities increased from HK$827,787,000 to HK$843,674,000, reflecting an increase of about 1.9%[14] - Total liabilities as of 30 September 2025 were HK$1,140,387,000, unchanged from HK$1,136,138,000 as of 31 March 2025[39] - The total equity decreased from HK$374,701,000 to HK$320,551,000, a decline of approximately 14.4%[14] Operational Costs - Staff costs rose to HK$3,807,000, an increase of 74.1% from HK$2,187,000 in the last interim period[11] - Other operating expenses increased to HK$7,498,000 from HK$3,486,000, reflecting higher operational costs[11] - Interest expenses for the six months ended 30 September 2025 were HK$5,000, down from HK$8,000 for the same period in 2024[42] - The net debt gearing ratio as of 30 September 2025 was approximately 249.0%, up from approximately 182.9% as of 31 March 2025[135] Segment Performance - For the six months ended September 30, 2025, the Group reported segment revenue of HK$8,342,000 from external customers, a decrease of 52.3% compared to HK$17,459,000 for the same period in 2024[32][33] - The Group's segment results for the six months ended September 30, 2025, showed a loss of HK$33,727,000, compared to a loss of HK$2,057,000 for the same period in 2024, indicating a significant decline in performance[32][33] - The Group's operating segments include property investment, property development, hotel operations, trading and developing of premium white spirit, and comprehensive healthcare planning and management services[27][30] Cash Flow and Investments - Cash and cash equivalents decreased significantly from HK$110,731,000 at March 31, 2025, to HK$13,651,000 at September 30, 2025, a drop of approximately 87.7%[17] - Net cash used in operating activities was HK$1,165,000 for the six months ended September 30, 2025, compared to HK$7,196,000 for the same period in 2024[17] - As of September 30, 2025, the Group had total employee costs of approximately HK$3.81 million, an increase from approximately HK$2.19 million in the last interim period[145] - The Group did not hold any significant investments, consistent with the previous period[144] Corporate Governance - The Company has complied with the Corporate Governance Code throughout the Current Interim Period, except for the separation of the roles of chairman and chief executive officer[167] - The audit committee consists of independent non-executive directors with relevant business, legal, engineering, and financial experience to review financial statements[172] - The interim unaudited results for the period have been reviewed by the audit committee, which did not disagree with the accounting treatment adopted by the company[172] - The report is issued by the executive director Wei Zhenming on November 28, 2025, indicating ongoing corporate governance practices[173] Future Projects and Developments - The Group plans to develop a land in Qianhai, Shenzhen, into two residential towers with a gross floor area of approximately 71,000 sq.m.[148] - The hotel operations project in the Weihai Property includes approximately 200 hotel suites, managed by a world-renowned hotel group, with construction expected to be completed in the second half of 2025[91][117] - The hotel is expected to achieve a 5-star international standard, targeting high-end business and leisure travelers[118] - The estimated initial costs for the development of the Weihai Property are expected to exceed RMB1.0 billion, excluding land costs[106] - The Group's property development includes approximately 1,400 serviced apartment units in Weihai, Shandong province, which is 100% owned by the Group[87]

Financial Performance - Revenue for the six months ended September 30, 2025, was HK$8,342,000, a decrease of 52.3% compared to HK$17,459,000 for the same period in 2024[15] - Gross profit for the current interim period was HK$1,631,000, down 62.1% from HK$4,311,000 in the previous year[15] - Operating loss increased significantly to HK$33,727,000, compared to an operating loss of HK$2,057,000 in the same period last year, reflecting a deterioration in operational performance[15] - Loss for the period was HK$33,751,000, compared to a loss of HK$2,006,000 for the same period in 2024, indicating a substantial increase in net losses[15] - For the six months ended September 30, 2025, the total comprehensive loss was HK$54,150,000, compared to a comprehensive income of HK$4,293,000 for the same period in 2024, indicating a significant decline[16] - The loss attributable to owners of the Company for the period was HK$33,751,000, compared to a loss of HK$2,006,000 in the previous year, reflecting a worsening financial performance[16] - The company reported finance income of HK$3,000 for the six months ended 30 September 2025, down from HK$59,000 in the previous year, reflecting a decrease of 94.6%[46] - The finance (costs)/income, net for the six months ended 30 September 2025 was reported at HK$(2,000), a significant decline from HK$51,000 in 2024[46] - The basic loss per ordinary share for the six months ended September 30, 2025, was HK$10.61, compared to HK$1.11 for the same period in 2024, reflecting a substantial decline in earnings per share[53] Operating Expenses - Staff costs rose to HK$3,807,000, up 74.0% from HK$2,187,000 in the previous year, contributing to the overall increase in operating expenses[15] - Other operating expenses increased to HK$7,498,000, compared to HK$3,486,000 in the prior year, reflecting higher operational costs[15] - The Group's total employee remuneration and staff costs for the current interim period were approximately HK$3.81 million, an increase from approximately HK$2.19 million in the last interim period[149][151] - Other operating expenses increased by approximately 115% to HK$7.5 million for the Current Interim Period, attributed to higher expenses in premium white spirit trading[131] Assets and Liabilities - Total assets decreased to HK$1,460,938,000 as of September 30, 2025, down from HK$1,510,839,000 as of March 31, 2025, showing a reduction of approximately 3.3%[17] - Current liabilities decreased slightly to HK$296,713,000 from HK$308,351,000, resulting in a net current asset value of HK$898,243,000[17] - Cash and cash equivalents at September 30, 2025, were HK$13,651,000, a significant decrease from HK$110,731,000 at March 31, 2025, indicating a cash reduction of approximately 87.7%[21] - The total liabilities as of 30 September 2025 were HK$1,140,387,000, which is a slight increase from HK$1,136,138,000 as of 31 March 2025[43] - The Group's net current assets were approximately HK$898.2 million as of September 30, 2025, down from approximately HK$1,007.1 million as of March 31, 2025, with a current ratio of approximately 4.03 compared to 4.27[137][139] - The net debt gearing ratio increased to approximately 249.0% as of September 30, 2025, from approximately 182.9% as of March 31, 2025[139][141] Segment Information - For the six months ended September 30, 2025, the Group reported segment revenue from external customers of HK$8,342,000[36] - The Group incurred a segment loss before income tax of HK$33,729,000 for the same period[36] - The Group's operating segments include property investment, property development, hotel operations, trading and developing of premium white spirit, and comprehensive healthcare planning and management services[31] - The property development segment is engaged in property development and sales in Weihai and Shenzhen Qianhai[34] - The hotel operations segment focuses on hotel rental and food and beverage business in Weihai[34] - The trading and developing of premium white spirit segment is involved in trading and developing premium white spirit[34] - The comprehensive healthcare planning and management services segment provides services to healthcare operators and sells healthcare products[34] Future Outlook and Strategic Initiatives - The company has not provided specific guidance for future performance or strategic initiatives in the current report[15] - The company plans to develop a land in Qianhai, Shenzhen into two residential towers with a gross floor area of approximately 71,000 square meters, starting late 2025[92] - The Group anticipates sufficient financing for the Weihai Property through cash flow from pre-sales, loan facilities, contractor financing, and other capital arrangements[113] - The Group's key project, the Jin Haidan No. 1 residential apartments in Weihai, Shandong, is currently in pre-sale and is expected to complete in the second half of 2026 due to delays caused by the COVID-19 pandemic[153] Corporate Governance - The Group is committed to high standards of corporate governance and has complied with the Corporate Governance Code throughout the Current Interim Period, except for the separation of the roles of chairman and chief executive officer[171] - The Audit Committee, comprising independent non-executive Directors, reviewed the unaudited interim results for the Current Interim Period and had no disagreement with the accounting treatment adopted by the Company[175] Shareholder Information - The company did not recommend the payment of an interim dividend for the six months ended September 30, 2025, consistent with the previous year where no dividend was declared[55] - The Share Option Scheme allows for the issuance of up to 12,005,000 shares, representing 3.7% of the issued shares as of the interim report date[162] - The maximum number of shares that can be issued upon the exercise of share options in any 12-month period is limited to 1% of the issued share capital[162] - The Company did not redeem any of its shares listed on the Stock Exchange during the Current Interim Period, nor did it or any of its subsidiaries purchase or sell any shares[169]

Core Viewpoint - Crown Global Group (00727) anticipates a significant increase in shareholder attributable comprehensive losses for the period ending September 30, 2025, projected to be between HKD 32 million and HKD 36 million, compared to a loss of approximately HKD 2 million for the period ending September 30, 2024 [1] Financial Performance - The expected comprehensive loss for the upcoming period is primarily attributed to operational and marketing expenses related to premium liquor trading, which increased from HKD 0 in the previous reporting period to HKD 8 million in the current reporting period [1] - Additionally, the comprehensive loss for the current reporting period includes recognized impairment losses [1]

Core Viewpoint - Crown Global Group (00727) anticipates a significant increase in shareholder attributable comprehensive losses, projecting losses between HKD 32 million and HKD 36 million for the period ending September 30, 2025, compared to approximately HKD 2 million for the period ending September 30, 2024 [1] Financial Performance - The expected comprehensive losses are primarily attributed to operational and marketing expenses related to premium liquor trading, which increased from HKD 0 in the previous reporting period to HKD 8 million in the current reporting period [1] - The current reporting period also includes recognized impairment losses, contributing to the overall comprehensive losses [1]

Core Viewpoint - Crown Global Group (00727.HK) is expected to report a significant increase in shareholder attributable comprehensive losses for the period ending September 30, 2025, with losses projected between HKD 32 million and HKD 36 million, compared to approximately HKD 2 million in the previous reporting period [1] Financial Performance - The anticipated comprehensive losses for the current reporting period are primarily attributed to operational and marketing expenses related to premium liquor trading, which increased from HKD 0 in the previous period to HKD 8 million in the current period [1] - Additionally, the current reporting period will reflect impairment losses that contribute to the overall comprehensive losses [1]

Crown International Corporation Limited （在香港註冊成立之有限公司） （股份代號：727） 盈利預警 本 公 告 乃 由 皇 冠 環 球 集 團 有 限 公 司（「本公司」，連 同 其 附 屬 公 司 統 稱「本集團」） 根據香港法例第571章證券及期貨條例第XIVA部項下之內幕消息條文及香港聯 合交易所有限公司證券上市規則第13.09(2)條 作 出。 本 公 司 董 事（「董 事」）會（「董事會」）謹 此 知 會 本 公 司 股 東（「股 東」）及 有 意 投 資 者， 根 據 董 事 會 經 參 考 本 集 團 截 至 二 零 二 五 年 九 月 三 十 日 止 期 間（「報告期間」）之 未 經 審 核 綜 合 管 理 賬 目 之 初 步 評 估 及 董 事 會 目 前 可 得 的 其 他 資 料，本 集 團 於 本報告期間將錄得股東應佔綜合虧損介乎32百萬港元至36百 萬 港 元，而 截 至 二 零 二 四 年 九 月 三 十 日 止 期 間（「上一報告期間」）錄 得 股 東 應 佔 綜 合 虧 損 約2百 萬 港 元。有 關 本 報 告 期 間 股 東 應 佔 ...

Group 1 - The company, Crown Global Group (00727), proposed a rights issue of up to approximately 954 million shares at a ratio of "1 for 3" at a price of HKD 0.65 per share, representing a discount of about 19.75% compared to the last closing price of HKD 0.81 [1] - If fully subscribed, the rights issue is expected to raise approximately HKD 618 million, which will be used entirely for the development of a land parcel [1] - The land is located in Qianhai New District, Shenzhen, China, covering an area of approximately 8,720 square meters, and was acquired by the company for RMB 85 million on August 20, 2025 [1] Group 2 - The company plans to develop the land into two residential towers with a total construction area of approximately 71,000 square meters [1] - The total estimated development cost for the project is around RMB 1.6 billion, with the company negotiating to pay no more than RMB 600 million as the initial construction cost, with the remaining balance to be paid after property sales [1]

Group 1 - The company, Crown Global Group (00727), announced a proposed rights issue of up to approximately 954 million shares at a basis of "1 for 3" [1] - The subscription price for each rights share is HKD 0.65, representing a discount of about 19.75% compared to the last closing price of HKD 0.81 [1] - If fully subscribed, the net proceeds from the rights issue are expected to be approximately HKD 618 million, which will be used entirely for the development of land [1] Group 2 - The land in question is located in Qianhai New District, Shenzhen, Guangdong Province, with a total area of approximately 8,720 square meters [1] - The land was acquired by the company from an independent third party for RMB 85 million, with the acquisition date set for August 20, 2025 [1] - The company plans to develop the land into two residential buildings, comprising a total construction area of approximately 71,000 square meters [1] Group 3 - The total estimated development cost for the project is approximately RMB 1.6 billion [1] - The company has negotiated with a construction company to pay an initial construction cost of no more than RMB 600 million, with the remaining balance to be paid after the property sales [1]

Core Viewpoint - Crown Global Group (00727.HK) announced a proposed rights issue, offering three (3) new shares for every one (1) existing share held at a subscription price of HKD 0.65 per share, representing a discount of approximately 19.75% to the closing price of HKD 0.81 on the Hong Kong Stock Exchange [1] Summary by Category - **Rights Issue Details** - The rights issue aims to raise a total of up to approximately HKD 620 million before expenses, assuming no change in the number of shares issued as of the record date [1] - The estimated net proceeds from the rights issue, after deducting all necessary expenses, are expected to be around HKD 618 million [1] - **Eligibility and Participation** - The rights issue is only available to qualifying shareholders, and ineligible shareholders will not be able to participate [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 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 公 告 僅 供 參 考，並 不 構 成 收 購、購 買 或 認 購 本 公 司 證 券 之 邀 請 或 要 約。 Crown International Corporation Limited （在香港註冊成立之有限公司） （股份代號：727） 建議按於記錄日期 每持有一(1)股股份獲發三(3)股 供股股份的基準以非包銷基準進行供股 獨立財務顧問 建議供股 董 事 會 建 議，在 滿 足 若 干 條 件 的 前 提 下，按 於 記 錄 日 期 每 持 有 一(1)股股份 獲發三(3)股 供 股 股 份 之 基 準，以 每 股 供 股 股 份0.65港 元 之 認 購 價 進 行 供 股， 藉此籌集所得款項總額最多約620.0百 萬 港 元（扣 除 開 支 前）（假 設 於 記 錄 ...