ZHUGUANG HOLDINGS GROUP COMPANY LIMITED 珠光控股集團有限公司* (incorporated in Bermuda with limited liability) Should you have any queries relating to this notification, please call the Branch Share Registrar's telephone hotline at (852) 2980 1333 from 9:00 a.m. to 6:00 p.m., Monday to Friday (excluding public holidays). （於百慕達註冊成立之有限公司） (Stock code 股份代號： 1176) NOTIFICATION LETTER 通知信函 30 September 2025 Dear Registered Shareholders, Zhuguang Holdings Group Company Limited (the "Company") – Notice of publication of 202 ...

Financial Performance - For the six months ended June 30, 2025, the company reported total revenue of HKD 1,466,423,000, a significant increase from HKD 723,666,000 in the same period of 2024, representing a growth of approximately 102.5%[5] - The company recorded a net loss of HKD 245,990,000 for the period, an improvement compared to a net loss of HKD 859,224,000 in the prior year, indicating a reduction in losses by about 71.4%[5] - The gross profit increased from approximately HKD 544,864,000 for the six months ended June 30, 2024, to approximately HKD 1,010,124,000 during the review period[32] - The group reported a net loss of HKD 245,990,000 for the six months ended June 30, 2025, compared to a net loss of HKD 859,224,000 for the same period in 2024, showing an improvement of approximately 71.3%[92] - The company recorded a total comprehensive loss of HKD 893,201 for the six months ended June 30, 2025, compared to a loss of HKD 884,601 in the previous period[72] Revenue Breakdown - Revenue from property development was approximately HKD 894,967,000, up from HKD 101,036,000 in the same period last year, primarily due to an increase in the number of properties delivered[30] - The project management services segment contributed approximately HKD 506,853,000 to total revenue, compared to HKD 514,231,000 in the same period of 2024[30] - Rental income from investment properties decreased to approximately HKD 36,142,000 from HKD 72,706,000 in the same period last year, a decline of about 50%[26][31] - The group’s hotel operations revenue decreased to HKD 28,461,000 from HKD 194,540,000 in the previous year, a decline of approximately 85.3%[99] Assets and Liabilities - The total assets as of June 30, 2025, amounted to HKD 33,196,132,000, up from HKD 32,781,140,000 at the end of 2024, reflecting an increase of approximately 1.3%[5] - The total liabilities as of June 30, 2025, were HKD 30,126,488,000, compared to HKD 29,521,670,000 as of December 31, 2024, representing an increase of about 2.1%[95] - The total current liabilities amounted to HKD 27,869,963, an increase from HKD 27,455,239 as of December 31, 2024, reflecting a year-over-year increase of approximately 1.5%[69] - Non-current liabilities totaled HKD 2,256,525, an increase from HKD 2,066,431, indicating a growth of about 9.2%[69] Cash Flow and Financing - Cash and bank balances as of June 30, 2025, were approximately HKD 15,712,000, down from HKD 17,003,000 as of December 31, 2024[45] - The group’s outstanding interest-bearing bank and other borrowings were approximately HKD 14.48 billion as of June 30, 2025[78] - The net financing costs for the review period were approximately HKD 583,271,000, an increase from HKD 552,572,000 for the six months ended June 30, 2024, due to a decrease in interest capitalization rates[39] - The group plans to continue monitoring receivables from urban renewal projects and aims to recover them according to the agreed schedule[79] Projects and Developments - The company continues to focus on urban renewal projects in Guangzhou, enhancing its competitive advantage and industry position as an "urban renewal expert"[6] - The project "珠光金融城壹號" has a total saleable area of approximately 391,881 square meters, with a cumulative delivered area of 25,189 square meters as of June 30, 2025[8] - The project "珠光 • 逸景" has a total saleable area of approximately 164,603 square meters, with a cumulative delivered area of 154,361 square meters as of June 30, 2025[9] - The total land reserve of the company in China is approximately 730,848 square meters, which includes total saleable building area, pre-sold but not delivered area, and rental area[20] Shareholder Information - The company’s major shareholders, Zhu Qing Song and Liao Teng Jia, each hold 56.25% of the total issued share capital, amounting to 4,978,123,714 shares[161] - The total number of issued shares as of June 30, 2025, is 8,850,632,753 shares, which is used to calculate the approximate percentage of shareholdings[163] - The total number of shares held by the major shareholders indicates a significant concentration of ownership, with the top shareholders holding over 50% of the total issued shares[167] Compliance and Governance - The audit committee reviewed the accounting principles and policies adopted by the group and confirmed compliance with applicable accounting standards and listing rules[181] - The board expressed gratitude to shareholders and employees for their support and contributions to the group[182] - The board approved the interim financial information on August 29, 2025[156]

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 致：香港交易及結算所有限公司 公司名稱: 珠光控股集團有限公司 呈交日期: 2025年9月1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) | 01176 | 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 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | 本月底法定/註冊股本總額： HKD 1,000,0 ...

Core Viewpoint - The company reported a significant increase in total revenue for the mid-2025 period, with a year-on-year growth of approximately 103% compared to the same period in 2024 [1] Financial Performance - Total revenue for the mid-2025 period was approximately HKD 1,466,423,000 [1] - The company incurred a loss of approximately HKD 245,990,000 during the review period, a notable improvement from a loss of HKD 859,224,000 in the same period last year [1]

Group 1 - The company reported a revenue of HKD 1.466 billion for the first half of 2025, representing a year-on-year increase of 102.64% [1] - The loss attributable to shareholders narrowed to HKD 213 million, a decrease of 74.41% compared to the previous year [1] - The basic loss per share was HKD 0.028 [1]

Group 1 - The company reported a revenue of HKD 1.466 billion for the first half of 2025, representing a year-on-year increase of 102.64% [1] - The loss attributable to shareholders narrowed to HKD 213 million, a decrease of 74.41% compared to the previous year [1] - The basic loss per share was reported at HKD 0.028 [1]

Financial Performance - For the six months ended June 30, 2025, the company reported a revenue of HKD 894,967,000 from property development, a decrease of approximately 11.5% compared to HKD 1,010,36,000 in the same period of 2024[4] - The company recorded a net loss of HKD 245,990,000 for the period, significantly improved from a loss of HKD 859,224,000 in the same period of 2024[4] - The group's total revenue for the review period was approximately HKD 1,466,423,000, representing an increase of about 103% compared to the same period in 2024[30] - Property development revenue during the review period was approximately HKD 894,967,000, significantly higher than HKD 101,036,000 in the same period of 2024[30] - The group's gross profit increased from approximately HKD 544,864,000 to about HKD 1,010,124,000, primarily due to the rise in property development revenue[32] - The group reported a loss of approximately HKD 245,990,000 during the review period, a significant decrease from a loss of HKD 859,224,000 for the six months ending June 30, 2024, primarily due to increased property development revenue[41] - The group incurred a pre-tax loss of HKD 60,072,000 for the six months ended June 30, 2025, compared to a pre-tax loss of HKD 865,109,000 for the same period in 2024, showing a significant improvement[72][81] Assets and Liabilities - Total assets as of June 30, 2025, amounted to HKD 33,196,132,000, an increase from HKD 32,781,140,000 as of December 31, 2024[4] - The total liabilities as of June 30, 2025, were HKD 30,126,488,000, compared to HKD 29,521,670,000 as of December 31, 2024[4] - The group's bank and other borrowings amounted to approximately HKD 14,479,412,000 as of June 30, 2025, compared to HKD 13,944,416,000 as of December 31, 2024[44] - The group's debt-to-asset ratio was 82% as of June 30, 2025, compared to 81% on December 31, 2024[45] - The group's current liabilities net amount was approximately HKD 11.36 billion[60] - Non-current assets totaled HKD 16.69 billion as of June 30, 2025, compared to HKD 16.14 billion in the previous year[57] - Current assets amounted to HKD 16.51 billion as of June 30, 2025, slightly down from HKD 16.64 billion in the previous year[57] Project Development - The company aims to strengthen its position as a "city renewal expert" by focusing on strategic partnerships and enhancing product quality[6] - The "New City Yujing" project covers an area of approximately 280,836 square meters with a total saleable building area of about 310,716 square meters, and has delivered a cumulative building area of approximately 262,683 square meters by June 30, 2025[12] - The "Zhuguang Yunling Lake" project has a total saleable building area of approximately 110,417 square meters, with cumulative deliveries reaching about 44,053 square meters by June 30, 2025[13] - The "Tianhu Yujing" project has a total saleable building area of approximately 186,894 square meters, with cumulative deliveries of about 140,100 square meters by June 30, 2025[14] - The "Yujing Yayuan" project has a total saleable building area of approximately 38,005 square meters, with cumulative deliveries of about 36,283 square meters by June 30, 2025[15] - The "Huacheng Yujing Garden" project has a total saleable building area of approximately 108,675 square meters, with cumulative deliveries of about 87,849 square meters by June 30, 2025[16] - The "Tianying Project" has a total saleable building area of approximately 59,679 square meters, with cumulative deliveries of about 52,843 square meters by June 30, 2025[17] - The "Meizhou Chaotang Project" has a first phase saleable building area of approximately 34,202 square meters, with a designated hotel area of about 7,389 square meters for long-term investment[18] - The "Zhuguang New City International" project has a total saleable building area of approximately 28,909 square meters, with service apartments totaling about 25,693 square meters delivered by June 30, 2025[19] - The "Zhukong International Center" has a total saleable building area of approximately 109,824 square meters, with 45,588 square meters of office space and parking sold by June 30, 2025[20] Revenue Streams - The project management services segment recorded revenue of approximately HKD 506,853,000 during the review period, compared to HKD 514,231,000 in the same period of 2024, indicating a slight decrease[25] - Rental income from properties, including the Mediterranean Hotel and Zhu Control International Center, totaled approximately HKD 36,142,000, a decrease of about 50% compared to HKD 72,706,000 in the same period of 2024[26] - The company operates two hotels, generating total revenue of approximately HKD 28,461,000 during the review period, down from HKD 35,693,000 for the six months ending June 30, 2024[27] - The property development segment generated revenue of HKD 894,967,000, while the hotel operations segment contributed HKD 64,603,000, indicating strong performance in property sales[72] Financial Management and Strategy - The company aims to maintain sufficient land reserves and precise urban planning to support its development needs for at least the next three to five years[21] - The company will continue to explore investment and development opportunities in Chinese cities with growth potential and optimal investment value[21] - The group plans to focus on enhancing its strategy of "optimizing structure, strengthening capabilities, and improving quality" to overcome challenges in the Chinese real estate market[29] - The company is focused on expanding its project management services to increase revenue sources[25] - The company is seeking high-quality properties with value-added potential for long-term investment purposes[26] - The company has been actively discussing extending the repayment dates of its borrowings with relevant financial institutions[60] - The company has implemented measures to alleviate cash flow pressure and improve liquidity, including active communication with lenders regarding loan repayment schedules[61] - The company is in discussions with banks for refinancing existing loans and obtaining additional credit facilities if necessary[64] Employee and Governance - The group maintained a good relationship with its employees, with most senior management having worked for the company for many years, indicating stability in management[53] - The group employed 599 employees as of June 30, 2025, a decrease from 642 employees as of December 31, 2024, representing a reduction of approximately 6.7%[52] - The company has complied with the applicable corporate governance codes, although it noted a delay in appointing new independent non-executive directors due to ongoing searches for suitable candidates[91][92] - The Audit Committee consists of three independent non-executive directors who reviewed the accounting principles and policies adopted by the Group[94] Tax and Compliance - The group reported a tax expense of HKD 185,918,000 for the six months ended June 30, 2025, compared to a tax credit of HKD (5,885,000) for the same period in 2024[83] - The company reported a significant increase in tax expenses related to land appreciation tax in China, rising to HKD 156,587,000 for the six months ended June 30, 2025, from HKD 2,741,000 in the same period of 2024[83] - The interim financial information has been prepared in accordance with Hong Kong Accounting Standard 34, and does not include all disclosures required for annual financial statements[65] - The new amendments to accounting standards effective from January 1, 2025, will not have a significant impact on the interim financial statements[69]

Group 1 - The company, Zhuguang Holdings (01176.HK), announced that its board meeting will be held on August 29, 2025, to approve the interim results for the period ending June 30, 2025, and to consider the proposal for an interim dividend, if any [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 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。 ZHUGUANG HOLDINGS GROUP COMPANY LIMITED 珠光控股集團有限公司* （於百慕達註冊成立之有限公司） （股份代號：1176） 董事會會議通告 珠 光 控 股 集 團 有 限 公 司（「本公司」）董 事（「董 事」）會（「董事會」）謹 此 公 佈，本 公 司 之 董 事 會 會 議 將 於 二 零 二 五 年 八 月 二 十 九 日（星 期 五）舉 行，以 批 准（其 中 包 括） 本 公 司 及 其 附 屬 公 司 截 至 二 零 二 五 年 六 月 三 十 日 止 之 中 期 業 績 及 其 公 告，以 及 考 慮 建 議 派 發 中 期 股 息（如 有）。 代表董事會 珠光控股集團有限公司 主 席 朱慶凇 香 港，二 零 二 五 年 八 月 十 九 日 於 本 公 告 日 期，董 事 會 包 括(i)六 名 執 ...

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 致：香港交易及結算所有限公司 公司名稱: 珠光控股集團有限公司 呈交日期: 2025年8月7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) | 01176 | 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 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.1 | HKD | | 1,000,000,000 | ...