（Stock Code 股份代號：864） NOTIFICATION LETTER 通知信函 Dear Non-registered Holder(s)(Note 1) , 27 March 2026 Wing Lee Property Investments Limited (the "Company") – Notice of publication of Annual Report 2025, Circular dated 27 March 2026 and Notice of Annual General Meeting (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are available on the Company's website at www.wingleeproperties.com and the website of The Stock Exchange of Hong Kong Li ...

（於百慕達註冊成立之有限公司） （Stock Code 股份代號：864） NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, 27 March 2026 Wing Lee Property Investments Limited (the "Company") – Notice of publication of Annual Report 2025, Circular dated 27 March 2026 and Notice of Annual General Meeting; and Proxy Form (the "Current Corporate Communication") Wing Lee Property Investments Limited 永利地產發展有限公司* (Incorporated in Bermuda with limited liability) * For identification purpose only 各位登記股東： 永利地產發展有限公司（「本公司」） — 刊發年報2025、日期為2026年3月27 ...

WING LEE PROPERTY INVESTMENTS LIMITED 永利地產發展有限公 司 * （於百慕達註冊成立之有限公司） （股份代號：864） 本人╱吾等（附註一） 地址為 | 為永利地產發展有限公司（「本公司」）股本中每股面值0.01港元股份（「股份」）（附註二） | 股 | | --- | --- | | 之登記持有人，茲委任 | | 地址為 或其未能出席，則大會主席（附註三）為本人╱吾等之代表，代表本人╱吾等出席本公司訂於二零二六年四月二十九日（星期三） 上午十時正假座香港九龍尖沙咀廣東道33號中港城皇家太平洋酒店海景翼M層黃庭廳舉行之股東週年大會（「大會」）（或其 任何續會），以考慮並酌情通過（不論有否修訂）召開大會之通告（「通告」）所載之普通決議案，並於大會（或其任向續會）上 代表本人╱吾等按如下指示就有關決議案進行投票，如無給予任何指示，則本人╱吾等之代表可自行酌情投票。本人╱吾 等之代表亦可就於大會上正式提出之任何事宜自行酌情投票。 | | 普通決議案 | 贊成（附註四） | 反對（附註四） | | --- | --- | --- | --- | | 1. | 省覽本公司截至二零二 ...

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通告之內容概不負責， 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通告全部或任何 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。 WING LEE PROPERTY INVESTMENTS LIMITED 永利地產發展有限公 司 * （於百慕達註冊成立之有限公司） （股份代號：864） 股東週年大會通告 茲通告永利地產發展有限公司（「本公司」）謹訂於二零二六年四月二十九日（星期三） 上午十時正假座香港九龍尖沙咀廣東道33號中港城皇家太平洋酒店海景翼M層黃 庭廳舉行股東週年大會（「股東週年大會」），藉以處理下列事項： 作為普通事項，考慮並酌情通過下列普通決議案： 1. 省覽本公司截至二零二五年十二月三十一日止財政年度之經審核財務報表及 董事局與獨立核數師之報告； 2. 重選周彩花女士為本公司之執行董事（「董事」）； 3. 重選王敏莉女士為執行董事； 4. 重選藍章華先生為獨立非執行董事； 5. 授權董事局（「董事局」）根據委任書，釐定董事截至二零二六年十二月三十一 日止年度之酬金。授予董事之花紅須經董事局大比數票數決定，惟於任何一 個 ...

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，並明確表示概不就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。 閣下對本通函任何內容或應採取之行動如有任何疑問，應諮詢 閣下之持牌證券交 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永利地產發展有限公司（「本公司」）股份，應立即將本 通函及隨附之委任表格交予買主或承讓人或經手買賣或轉讓之銀行、持牌證券交易 商或其他代理商，以便轉交買主或承讓人。 WING LEE PROPERTY INVESTMENTS LIMITED 永利地產發展有限公 司 * （於百慕達註冊成立之有限公司） （股份代號：864） 建議一般授權以發行股份及購回股份 重選董事 及 股東週年大會通告 本公司謹訂於二零二六年四月二十九日（星期三）上午十時正假座香港九龍尖沙咀廣東 道33號中港城皇家太平洋酒店海景翼M層黃庭廳舉行股東週年大會（定義見本通函）， 股東週年大會通告載於本通函第14頁至第18頁。無論股東能否出席股東週年大會，務 請股東按照隨附之代 ...

Financial Performance - The total market value of the group's investment properties as of December 31, 2025, is approximately HKD 330.9 million, a decrease of about HKD 273.2 million compared to 2024[7]. - Rental income for the year ended December 31, 2025, is approximately HKD 21.2 million, a decrease of about 21.0% compared to 2024, primarily due to increased rental concessions[8]. - The net loss for the year ended December 31, 2025, is approximately HKD 267.7 million, compared to a net loss of HKD 234.3 million in 2024[11]. - The company's revenue for the fiscal year 2025 was HKD 21.2 million, a decrease from HKD 26.8 million in 2024[19]. - The total comprehensive expenses attributable to equity holders for 2025 amounted to approximately HKD 300.8 million, up from HKD 274.3 million in 2024[30]. - The basic loss per share for 2025 was approximately HKD 0.6932, an increase from HKD 0.6066 in 2024, representing a loss increase of about HKD 0.0866[30]. Investment Properties - The fair value of the group's investment properties decreased by approximately HKD 273.2 million in 2025, reflecting a decline in the overall market conditions for commercial retail and residential investment properties in Hong Kong[11]. - The fair value of the investment in the fund as of December 31, 2025, is approximately HKD 27.4 million, down from HKD 55.7 million as of December 31, 2024[9]. - The net change in fair value of investment properties decreased by HKD 273.2 million in 2025, compared to a decrease of HKD 247.3 million in 2024[19]. - The total rental income from personal investments as of December 31, 2025, was approximately HKD 2.7 million, with a total fair value of HKD 44.6 million[153]. Financial Position - As of December 31, 2025, the total equity was approximately HKD 307.3 million, down from HKD 608.0 million in 2024, a decrease of about HKD 300.7 million[32]. - The net current liabilities as of December 31, 2025, were approximately HKD 57.1 million, compared to HKD 7.6 million in 2024[31]. - The current ratio was approximately 0.16 as of December 31, 2025, down from about 0.91 in 2024[31]. - The total liabilities to equity ratio decreased to approximately 19.5% as of December 31, 2025, down from 21.7% as of December 31, 2024, primarily due to the repayment of all bank loans[36]. Capital Expenditures and Financing - The group recorded additional capital injection of approximately HKD 4.9 million into the Epic Capital Development Fund I, L.P. in 2025[9]. - Capital expenditures for the year ending December 31, 2025, were approximately HKD 4.9 million, down from HKD 6.2 million in 2024[37]. - The group plans to finance future capital expenditures primarily through cash generated from operations and bank borrowings, with potential consideration for raising additional funds at an appropriate time[37]. - The group fully repaid all bank loans by December 31, 2025, with a total repayment of approximately HKD 134.4 million in bank loans and interest, resulting in a bank loan balance of zero[34]. Corporate Governance - The company emphasizes effective corporate governance as a key factor for sustainable development and shareholder value[57]. - The board consists of seven members, including four executive directors and three independent non-executive directors[58]. - The company has adopted the corporate governance code as per the Stock Exchange Listing Rules[57]. - The board is responsible for managing all significant matters, including policy formulation and risk management systems[58]. - The company aims to ensure compliance with all applicable corporate governance code provisions for the fiscal year ending December 31, 2025[57]. Diversity and Employee Management - The board has adopted a diversity policy aiming for a long-term target of 30% female representation, currently achieving 57%[65]. - The gender distribution among employees shows 28.6% male and 71.4% female for the year 2025, maintaining a commitment to diversity[70]. - The company held four board meetings in the year ending December 31, 2025, with a full attendance rate from directors[73]. - Average training duration per employee was 4 hours, with all employees participating in environmental, social, and governance training courses[138]. Environmental, Social, and Governance (ESG) Initiatives - The company has established an Environmental, Social, and Governance (ESG) working group to oversee and evaluate the implementation of ESG initiatives[118]. - The company has complied with the ESG reporting guidelines and has not reported any significant non-compliance issues regarding environmental regulations[117]. - The company aims to optimize resource use to minimize environmental impact and promote environmental awareness among employees and tenants[120]. - The company has conducted a comprehensive materiality assessment in 2025 to prioritize various ESG issues affecting its business[124]. Compliance and Legal Matters - The company has a zero-tolerance policy towards bribery, extortion, fraud, and money laundering, ensuring compliance through a triple-check system for all financial matters[146]. - There were no significant legal cases related to corruption during the reporting period, indicating compliance with relevant laws and regulations[147]. - The company is currently addressing compliance issues related to building orders and warnings for several properties, with corrective works ongoing[159][160]. Shareholder Matters - The company proposed not to declare a final dividend for the years ending December 31, 2025, and December 31, 2024[168]. - The company has zero distributable reserves as of December 31, 2025, consistent with the previous year[179]. - Shareholders holding at least 10% of the paid-up capital can request the board to convene a special general meeting[111]. Audit and Risk Management - The audit committee, composed entirely of independent non-executive directors, is responsible for overseeing financial reporting and risk management systems[83]. - The Audit Committee held three meetings during the year ending December 31, 2025, to review the audited financial statements for the year ending December 31, 2024, and the unaudited interim financial statements for the six months ending June 30, 2025[85]. - The board is responsible for maintaining an effective internal control and risk management system, which is reviewed annually[106].

Financial Performance - Total revenue for the year ended December 31, 2025, was HKD 21,197,000, a decrease of 21% compared to HKD 26,826,000 in 2024[2] - The company reported a pre-tax loss of HKD 266,491,000 for 2025, compared to a loss of HKD 232,143,000 in 2024, reflecting an increase in losses of approximately 15%[2] - The net loss for the year was HKD 267,686,000, up from a loss of HKD 234,266,000 in the previous year, indicating a 14% increase in net losses[2] - The fair value change of investment properties resulted in a loss of HKD 273,180,000, compared to a loss of HKD 247,260,000 in 2024[2] - The basic and diluted loss per share for 2025 was HKD 69.32, compared to HKD 60.66 and HKD 60.52 in 2024, respectively[2] - The group recorded other comprehensive expenses of approximately HKD 33.2 million for 2025, compared to approximately HKD 40.1 million in 2024[31] - The total comprehensive expenses attributable to equity holders for 2025 are approximately HKD 300.8 million, an increase from HKD 274.3 million in 2024, primarily due to a net decrease in fair value reserves from the fund of about HKD 33.2 million and a net decrease in investment property fair value of about HKD 273.2 million[40] Assets and Liabilities - Non-current assets decreased significantly from HKD 671,270,000 in 2024 to HKD 369,240,000 in 2025, a reduction of approximately 45%[3] - Current liabilities decreased slightly from HKD 89,489,000 in 2024 to HKD 68,394,000 in 2025, a decrease of about 24%[3] - The company's cash and cash equivalents dropped from HKD 33,986,000 in 2024 to HKD 8,262,000 in 2025, a decline of approximately 76%[3] - The net asset value decreased from HKD 607,973,000 in 2024 to HKD 307,303,000 in 2025, representing a decline of about 49%[3] - As of December 31, 2025, the group's net current liabilities are approximately HKD 57.1 million, a significant increase from HKD 7.6 million in 2024, with a current ratio of about 0.16[41] - The total equity of the group as of December 31, 2025, is approximately HKD 307.3 million, a decrease of about HKD 300.7 million from HKD 608.0 million in 2024[42] - The total debt to equity ratio as of December 31, 2025, is approximately 19.5%, down from 21.7% in 2024, primarily due to the repayment of all bank loans[45] Revenue and Income - Rental income for the year ended December 31, 2025, is approximately HKD 21.2 million, a decrease of about 21.0% compared to 2024, primarily due to increased rental concessions[31] - Interest income for 2025 is HKD 726,000, down from HKD 2,744,000 in 2024, indicating a significant decline[15] - The company has no individual customer contributing over 10% of total rental income for the year ended December 31, 2025[12] - Deferred rental receivables decreased to HKD 566,000 in 2025 from HKD 702,000 in 2024, suggesting a reduction in future rental income expectations[24] Investments - The fair value of investment properties decreased to HKD 330,900,000 in 2025 from HKD 604,080,000 in 2024, indicating a significant drop in asset value[23] - The company’s investment in Epic Capital Development Fund I, L.P. is valued at HKD 27,400,000 in 2025, down from HKD 55,667,000 in 2024, reflecting a decline in investment value[25] - The fair value of the investment in the fund as of December 31, 2025, is approximately HKD 27.4 million, down from approximately HKD 55.7 million in 2024[32] - The group injected additional capital of approximately HKD 4.9 million into the fund in 2025, which was offset by a net decrease in the fund's fair value reserves of approximately HKD 33.2 million[32] Employee Costs - Total employee costs rose to HKD 5,682,000 in 2025 from HKD 2,686,000 in 2024, showing a substantial increase in personnel expenses[15] - The group recorded employee costs of approximately HKD 5.7 million for the year ending December 31, 2025, an increase from HKD 2.7 million in 2024, primarily due to higher director remuneration[54] - The group has maintained a stable workforce of 7 employees in Hong Kong as of December 31, 2025, unchanged from the previous year[54] Dividends and Financial Management - The company did not declare any dividends for the years ending December 31, 2025, and 2024, maintaining a policy of no dividend distribution[18] - The group did not declare a final dividend for the year ending December 31, 2025, consistent with the previous year[57] - The group has maintained a prudent financial management policy, with cash primarily held in short-term deposits, mostly in HKD, and no financial instruments used for hedging purposes[52] Governance and Compliance - The group has adopted the corporate governance code as per the listing rules and believes it has complied with all applicable provisions for the year ending December 31, 2025[59] - The audit committee reviewed the accounting principles and practices adopted by the group, discussing matters related to audit, internal control, and financial reporting for the year ending December 31, 2025[61] - The group's annual results announcement is available on its website and the Hong Kong Stock Exchange website, with the annual report to be distributed to shareholders as per listing rules[63] Future Outlook - The group plans to continue exploring opportunities for business diversification beyond the leasing property market[37] - The group has no major plans for significant investments or acquisitions of capital assets due to market uncertainties[37] - The group will closely monitor economic developments and adjust rental policies accordingly to maintain high occupancy rates[36]

FF301 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 第 1 頁 共 11 頁 v 1.2.0 FF301 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 永利地產發展有限公司（於百慕達註冊成立之有限公司） 呈交日期: 2026年3月5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) | 00864 | 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 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | 0 | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | ...

承董事會命 永利地產發展有限公司 公司秘書 吳浩然 香港，二零二六年三月三日 於本公佈刊登日期，董事會包括四名執行董事周彩花女士、黃少華女士、王敏莉 女士及周煥燕女士，以及三名獨立非執行董事藍章華先生、崔志仁先生及林國昌 先生。 （於百慕達註冊成立之有限公司） （股份代號：864） 董事會會議通知 永利地產發展有限公司（「本公司」）董事會（「董事會」）謹此宣佈，董事會會議將於 二零二六年三月十六日下午二時三十分舉行，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全年業績，並考慮是否要 派發末期股息。 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佈全部或任何 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。 WING LEE PROPERTY INVESTMENTS LIMITED 永 利 地產發展 有限公司 * * 僅供識別 ...

董事局謹此知會本公司股東及準投資者，本集團預期截至二零二五年十二月 三十一日止年度將錄得虧損淨額介乎約266百萬港元至約268百萬港元，而二零 二四年則錄得虧損淨額約234.3百萬港元。此主要是由於(i)本集團投資物業之公 平值於截至二零二五年十二月三十一日止年度之減少淨額較高，而二零二四年 之減少淨額則較低；及(ii)由於提供更多租金優惠以挽留租戶，導致租金收入由 二零二四年約26.8百萬港元減少至二零二五年約21.2百萬港元。 本集團亦預期截至二零二五年十二月三十一日止年度將錄得其他全面開支介乎 約32百萬港元至約34百萬港元，而二零二四年則錄得其他全面開支約40.1百萬 港元。此主要是由於二零二五年之該基金及基金物業之公平值減少。 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佈全部或任何 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。 WING LEE PROPERTY INVESTMENTS LIMITED 永利地產發展有限公 司 * （於百慕達註冊成立之有限公司） （股份代號：864） 盈利警告 建 ...