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12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: Wang On Group Limited (宏安集團有限公司)* 呈交日期: 2026年1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) | 01222 | 說明 | WANG ON GROUP | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 40,000,000,000 HKD | | | 0.01 HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 40,000,000,000 HKD | | | 0.01 HKD | | ...

WANG ON GROUP LIMITED (宏安集團有限公司) * （於百慕達註冊成立之有限公司） （股份代號：1222） 各位非登記股東 （附註1） ： 於本公司網站刊登公司通訊之通知 謹此通知 閣下，Wang On Group Limited（宏安集團有限公司）*（「本公司」）之下述公司通訊（「本次公司通訊」）之 英 文及中文版本，現已於本公司網站www.wangon.com 及香港聯合交易所有限公司（「聯交所」）網 站www.hkexnews.hk 登載： • 截至二零二五年九月三十日止六個月的中期報告 請 於 本 公 司 網 站「投 資 者 關 係」一 欄 或 聯 交 所 網 站 讀 取 本 次 公 司 通 訊。 為了支援通過電郵進行電子通訊，建議非登記股東向代其持有股份的銀行、經紀、託管商或代理人（統稱「中介人」） 提供其有效且可用的電郵地址。如本公司沒有收到 閣下的中介公司透過香港中央結算（代理人）有限公司提供 閣 下有效且可用的電郵地址或郵寄地址，本公司將無法向 閣下發送公司通訊已登載通知。 倘 閣下擬收取本次公司通訊之印刷本，請填妥隨附之非登記股東申請表格（「非登記股東申請表格」）（非登記股 ...

WANG ON GROUP LIMITED (宏安集團有限公司) * （於百慕達註冊成立之有限公司） （股份代號：1222） 二零二五年十二月二十三日 各位新登記股東： 選擇公司通訊之收取方式及語言版本 為響應環保以提升與 閣下的溝通效率及節省印刷及郵遞費用，Wang On Group Limited（宏安集團有限公司）（*「本 公 司」）鼓勵及建議 閣下選擇於本公司網站www.wangon.com 閱覽本公司所有日後刊載之公司通訊（「公司通訊」） （「網上版本」）以代替收取印刷本。「公司通訊」指本公司已刊發或將予刊發以供 閣下參照或採取行動之任何文件， 包括但不限於(i)董事會報告、年度賬目連同獨立核數師報告及（如適用）財務摘要報告；(ii)中期報告及（如適用）中 期摘要報告；(iii)會議通告；(iv)上市文件；(v)通函；及(vi)代表委任表格。 根據香港聯合交易所有限公司（「聯交所」）證券上市規則第2.07A及2.07B條以及遵守本公司的公司細則，請 閣下填 寫及簽署隨函附奉的回條（「回 條」），並將其寄回或親身交回本公司的香港股份過戶及轉讓登記分處（「香港股份過 戶登記分處」）卓佳證券登記有限公司（ ...

倘 閣下對本通知有任何疑問，請致電香港股份過戶登記分處諮詢熱線(852) 2980 1333查詢，辦公時間為星期一至 星期五（香港公眾假期除外）上午九時正至下午六時正。 WANG ON GROUP LIMITED (宏安集團有限公司) * （於百慕達註冊成立之有限公司） （股份代號：1222） 各位現有登記股東： 於本公司網站刊登公司通訊之通知 謹此通知 閣下，Wang On Group Limited（宏安集團有限公司）*（「本公司」）之下述公司通訊（「本次公司通訊」）之 英 文及中文版本，現已於本公司網站www.wangon.com 及香港聯合交易所有限公司（「聯交所」）網 站www.hkexnews.hk 登載；或 閣下所選擇之本次公司通訊之印刷本已隨函附上（如 閣下已選擇接收本公司的公司通訊印刷版）： • 截至二零二五年九月三十日止六個月的中期報告 請 於 本 公 司 網 站「投 資 者 關 係」一 欄 或 聯 交 所 網 站 內 或 參 考 隨 附 之 印 刷 本（如適用）讀取本次公司通訊。 倘 閣下因任何原因在收取或讀取本公司網站所登載的本次公司通訊時有任何困難，本公司將在接獲 閣下要求 時，立即 ...

INTERIM REPORT 中期報告 2025 CONTENTS 目錄 | Corporate Information | 2 | | --- | --- | | 公司資料 | | | Interim Dividend | 5 | | 中期股息 | | | Management Discussion and Analysis | 5 | | 管理層討論及分析 | | | Disclosure of Interests | 37 | | 權益披露 | | | Share Option Schemes | 44 | | 購股權計劃 | | | Corporate Governance and Other Information | 48 | | 企業管治及其他資料 | | | Condensed Consolidated Statement of Profit or | 51 | | Loss and Other Comprehensive Income | | | 簡明綜合損益及其他全面收益表 | | | Condensed Consolidated Statement of | 54 | | Financi ...

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 10 頁 v 1.1.1 致：香港交易及結算所有限公司 公司名稱: Wang On Group Limited (宏安集團有限公司)* 呈交日期: 2025年12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) | 01222 | 說明 | WANG ON GROUP | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 40,000,000,000 HKD | | 0.01 | HKD | | 400,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 40,000,000,000 HKD | | 0.01 | HKD | | 400, ...

Core Viewpoint - WANG ON GROUP (01222) reported a decline in revenue and a significant loss for the six months ending September 30, 2025, primarily due to reduced property sales in China and a decrease in gross profit from completed residential projects [1] Financial Performance - The company achieved revenue of HKD 1.208 billion, a year-on-year decrease of 1.79% [1] - The loss attributable to equity holders of the parent company was HKD 354 million, compared to a profit of HKD 85.571 million in the same period last year [1] - Basic loss per share was HKD 0.025 [1] Revenue Changes - The revenue fluctuation was mainly due to an increase in sales and delivery of completed residential projects in Hong Kong, offset by a decrease in property sales in China [1] Loss Drivers - The loss attributable to equity holders was primarily due to: - A loss from the sale of a 20% stake in a hotel project [1] - A decrease in share of profits from joint ventures, mainly due to a continued downturn in the commercial real estate market [1] - Reduced gross profit from the delivery of completed residential projects [1] - Realized losses from debt investments measured at fair value, partially offset by lower financing costs due to interest rate declines [1]

Core Viewpoint - Wang On Group reported a decline in revenue and a significant loss for the six months ending September 30, 2025, primarily due to reduced property sales in China and a decrease in gross profit from completed residential projects [1] Financial Performance - The company achieved a revenue of HKD 1.208 billion, representing a year-on-year decrease of 1.79% [1] - The loss attributable to equity holders of the parent company was HKD 354 million, compared to a profit of HKD 85.571 million in the same period last year [1] - Basic loss per share was HKD 0.025 [1] Revenue Drivers - The revenue change was mainly due to an increase in sales and delivery of completed residential projects in Hong Kong, offset by a decrease in property sales in China [1] Loss Contributors - The loss attributable to equity holders was primarily due to: - A loss from the sale of a 20% interest in a hotel project [1] - A decrease in share of profits from joint ventures, mainly due to a sluggish commercial real estate market [1] - Reduced gross profit from the delivery of completed residential projects [1] - Realized losses from debt investments measured at fair value, partially offset by lower financing costs due to interest rate declines [1]

Core Viewpoint - Wang On Group reported a slight revenue decrease of approximately 1.8% to about HKD 1.208 billion for the six months ending September 30, 2025, primarily due to increased sales and delivery of completed residential projects in Hong Kong, offset by reduced property sales in China [1] Financial Performance - Revenue for the period was approximately HKD 1.208 billion, compared to about HKD 1.23 billion for the corresponding period ending September 30, 2024 [1] - The company recorded a loss attributable to equity holders of approximately HKD 355 million, contrasting with a profit of about HKD 85.8 million for the corresponding period [1] Contributing Factors - The loss was mainly due to: - A loss from the sale of a 20% stake in a hotel project [1] - Decreased share of profits from joint ventures, primarily due to a continued downturn in the commercial real estate market [1] - Reduced gross profit from the delivery of completed residential projects [1] - Realized losses from debt investments measured at fair value, partially offset by lower financing costs due to interest rate declines [1]

Financial Performance - Total revenue for the six months ended September 30, 2025, was HKD 1,208 million, a decrease of 1.8% compared to HKD 1,230 million in the same period of 2024[3] - Gross profit for the same period was HKD 300 million, reflecting a decline of 29.9% from HKD 428 million year-on-year[3] - The net loss attributable to equity holders of the parent was HKD 354 million, a significant increase of 511.6% compared to a profit of HKD 86 million in the previous year[3] - Basic and diluted loss per share was HKD (2.50), compared to earnings of HKD 0.61 per share in the prior year, marking a 509.8% decline[3] - The total comprehensive loss attributable to equity holders of the parent was HKD (306,164) thousand, compared to a profit of HKD 65,257 thousand in the same period last year[8] - The company reported a loss before tax of HKD 500,131,000 compared to a profit of HKD 117,073,000 in the same period last year[24] - The net profit for the period was HKD (513,501,000), a significant decline from HKD 131,827,000 in the previous year[24] - The group reported a net loss of HKD 354,492,000 attributable to equity holders of the parent for the six months ended September 30, 2025, compared to a profit of HKD 85,771,000 for the same period in 2024[32] Assets and Liabilities - As of September 30, 2025, the net asset value was HKD 6,181 million, down 8.8% from HKD 6,780 million as of March 31, 2025[3] - The asset-to-liability ratio increased to 59.8%, up by 1.1 percentage points from 58.7%[3] - The company's non-current assets totaled HKD 7,955,591 thousand as of September 30, 2025, down from HKD 8,225,712 thousand as of March 31, 2025[9] - Current assets decreased to HKD 4,753,109 thousand from HKD 5,503,300 thousand over the same period[9] - The company's total liabilities and equity as of September 30, 2025, were not specified but are critical for assessing financial health[9] - As of September 30, 2025, total current liabilities amounted to HKD 2,389,583,000, a decrease of 4.0% from HKD 2,488,640,000 as of March 31, 2025[10] - Total non-current liabilities were HKD 4,137,731,000, down from HKD 4,460,053,000, reflecting a reduction of 7.2%[10] - The total equity attributable to equity holders of the parent decreased to HKD 4,026,382,000 from HKD 4,332,547,000, a drop of 7.1%[10] Revenue Sources - Total income from customer contracts was HKD 1,051 million, while interest income from financial services was HKD 8.7 million[5] - Revenue from property sales was HKD 596,608,000, up 12.7% from HKD 529,585,000 in the previous year[21] - Revenue from pharmaceutical management and promotion services decreased to HKD 5,455,000 from HKD 6,451,000, a decline of 15.4%[20] - The company generated HKD 1,051,036,000 from customer contracts, an increase from HKD 1,029,274,000 in the prior year[20] - The group recognized a total of HKD 1,051,036,000 in revenue from property development, pharmaceuticals, market operations, and asset management combined[21] Expenses and Costs - The company reported a significant increase in financing costs, amounting to HKD 148.9 million, compared to HKD 172.8 million in the previous year[5] - Selling and distribution expenses for the current period were approximately HKD 249,000,000, an increase from HKD 232,100,000 for the same period in 2024[45] - Administrative expenses for the current period were approximately HKD 221,800,000, down from HKD 254,700,000 for the same period in 2024, reflecting ongoing cost-saving efforts[45] - The cost of services provided was HKD 78,987,000 for the six months ended September 30, 2024, while the cost of property sales increased to HKD 619,670,000 from HKD 433,485,000[25] Investment and Development - The group operates five reportable segments, including property development, property investment, market management, pharmaceuticals, and asset management[15] - The group is managing nine projects, with the addition of a new self-managed shopping mall, The Parkside, which is expected to enhance operational efficiency and tenant experience[86] - The group anticipates further expansion of its property management business driven by increased residential project deliveries and investments in professional management teams and advanced management technologies[87] - The group has a total land bank of approximately 966,200 square feet, including 464,000 square feet of properties under development and held for sale[56] Market and Economic Conditions - The Hong Kong economy showed strong performance in Q3 2025, with a year-on-year GDP growth of 3.8%, up from 3.1% in the previous quarter, leading to an annual GDP growth forecast adjustment to 3.2%[106] - The property market in Hong Kong is expected to recover significantly in the second half of 2025, supported by lower interest rates and improved buyer confidence[107] - The commercial property market remains sluggish, but the company successfully secured refinancing for its joint ventures, strengthening its capital structure and financial flexibility[110] Corporate Governance and Compliance - The board emphasizes high levels of corporate governance, focusing on transparency, accountability, integrity, and independence to enhance competitiveness and operational efficiency[119] - The audit committee, consisting of three independent non-executive directors, has reviewed the unaudited consolidated financial information for the six months ending September 30, 2025[122] - The mid-term report will be published on the Hong Kong Stock Exchange website and the company's website, containing all information required by the listing rules[123]