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]

Core Viewpoint - WANG ON GROUP (01222.HK) anticipates a significant loss for the six months ending September 30, 2025, amounting to no more than approximately HKD 360 million, contrasting with a profit of approximately HKD 85.8 million for the same period in 2024 [1] Financial Performance - The expected loss for the upcoming period is primarily attributed to several factors, including the sale of a 20% stake in a hotel project joint venture resulting in a loss on sale [1] - There is a noted decrease in profit contribution from joint ventures, largely due to the ongoing downturn in the commercial real estate market [1] - The gross profit from completed residential projects is also expected to decline [1] - The company recorded realized losses from the sale of debt investments measured at fair value through other comprehensive income during the review period, although this was partially offset by reduced financing costs due to lower interest rates compared to the same period in 2024 [1]

Core Viewpoint - Wang On Group (01222) anticipates a loss attributable to equity holders of the parent company of not more than approximately HKD 360 million for the six-month review period ending September 30, 2025, compared to a profit of approximately HKD 85.8 million for the six-month period ending September 30, 2024 [1] Summary by Relevant Categories Financial Performance - The expected loss for the review period is primarily due to several factors, including a loss from the sale of a 20% stake in a hotel project [1] - The decrease in profit attributable to joint ventures is mainly due to the ongoing downturn in the commercial real estate market [1] - There is a reduction in gross profit from the delivery of completed residential projects [1] - The realized loss from the sale of debt investments measured at fair value through other comprehensive income during the review period is partially offset by a decrease in financing costs compared to the same period in 2024 due to lower interest rates [1]

Core Viewpoint - Wang On Group (01222) anticipates a loss attributable to equity holders of approximately HKD 360 million for the six months ending September 30, 2025, compared to a profit of approximately HKD 85.8 million for the six months ending September 30, 2024 [1] Summary by Relevant Categories Financial Performance - The expected loss for the review period is primarily due to several factors, including a loss from the sale of a 20% stake in a hotel project [1] - The group's share of profits from joint ventures has decreased, mainly due to the ongoing downturn in the commercial real estate market [1] - There is a reduction in gross profit from completed residential projects [1] - The realized loss from the sale of debt investments measured at fair value through other comprehensive income has occurred during the review period, although this has been partially offset by a decrease in financing costs compared to the same period in 2024 due to lower interest rates [1]

Core Viewpoint - Wang On Group (01222.HK) anticipates a significant loss for the six months ending September 30, 2025, amounting to no more than approximately HKD 360 million, contrasting with a profit of approximately HKD 85.8 million for the same period in 2024 [1] Summary by Relevant Categories Financial Performance - The expected loss for the upcoming period is primarily attributed to several factors, including the sale of a 20% stake in a hotel project joint venture, which resulted in a loss on sale [1] - The group's share of profits from joint ventures has decreased, mainly due to the ongoing downturn in the commercial real estate market [1] - There is a reduction in gross profit from completed residential projects during the review period [1] - The group also incurred realized losses from the sale of debt investments measured at fair value through other comprehensive income, although this was partially offset by a decrease in financing costs compared to the same period in 2024 due to lower interest rates [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佈之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 聲 明，並 明 確 表 示，概 不 就 因 本 公 佈 全 部 或 任 何 部 分 內 容 而 產 生 或 因 依 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 就上文(i)項 而 言，出 售 酒 店 項 目20%權 益 乃 為 讓 本 集 團 重 新 分 配 資 源，以 把 握 未 來 投 資 機 遇 及 擴 展 至 其 他 具 高 潛 力 之 項 目。此 乃 繼 成 功 將 該 物 業 重 新 發 展 為 學 生 宿 舍，並 錄 得 高 出 租 率 及 穩 健 營 運 表 現 後 作 出。出 售20%權益的決定乃 經策略性考慮與投資夥伴（尤 其 是 在 學 生 宿 舍 方 面）未 來 潛 在 之 合 作，以 及 為 支 持 持 續 業 務 增 長 而 提 高 現 金 流 量 流 動 性 之 目 標 後 作 出。出 售 事 項 之 進 一 步 詳 情 於 本 公 司 日 期 為 二 零 二 五 年 六 月 十 二 日 之 公 佈 披 露。 本 集 團 ...

Core Viewpoint - WANG ON GROUP (01222.HK) will hold a board meeting on November 24, 2025, to consider and approve its interim results for the six months ending September 30, 2025, and to announce any interim dividends if applicable [1] Group 1 - The board meeting is scheduled for November 24, 2025 [1] - The meeting will focus on the interim performance of the company and its subsidiaries for the six months ending September 30, 2025 [1] - The company may announce an interim dividend during this meeting [1]

董事會會議通告 Wang On Group Limited (宏安集團有限公司) *（「本公司」）董事會（「董事會」） 謹此公佈，本公司將於二零二五年十一月二十四日（星期一）舉行董事會 會議，以考慮及批准（其中包括）本公司及其附屬公司截至二零二五年九月 三十日止六個月之中期業績，及宣佈中期股息（如有）。 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聲明，並明確表示，概不對因本通告全 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。 香港，二零二五年十一月十一日 於本通告日期，本公司之執行董事為鄧清河先生、游育燕女士及 Stephanie 女士；而本公司之獨立非執行董事為王津先生、蕭錦秋先生及陳勇先生。 承董事會命 WANG ON GROUP LIMITED (宏 安 集 團 有 限 公 司 ) * 集 團 首 席 財 務 官 兼 公司秘書 張立基 * 僅供識別 ...

Core Viewpoint - The collaboration between Macro Properties (宏安地产) and Wang On Group (WANG ON GROUP) involves the purchase of a life insurance policy to mitigate potential financial risks associated with the death of a key executive, Mr. Deng Haokang [1] Group 1: Insurance Policy Details - The insurance policy was finalized on November 4, 2025, with the insurer being Manulife Financial [1] - The initial premium paid by the policyholder, Twist Pioneer, is approximately $4.85 million (around HKD 37.73 million) [1] - Mr. Deng Haokang is the insured party, and Twist Pioneer is both the policyholder and beneficiary [1] Group 2: Financial Implications - The boards of Macro Properties and Wang On Group believe that the insurance policy may assist in refinancing and negotiating bank loan financing [1] - The policy is expected to generate positive returns starting from the end of the fourth year, with guaranteed cash value of $4 million (approximately HKD 31.12 million) and non-guaranteed end-of-term dividends of about $1.124 million (approximately HKD 8.745 million) [1] - By the end of the 25th year, the policy will provide a guaranteed cash value of $5 million (approximately HKD 38.90 million) [1]

Core Viewpoint - Hongan Real Estate and Wang On Group have completed the purchase of a life insurance policy from Manulife Financial, which is intended to mitigate potential losses from the death of a key executive, Mr. Deng Haokang [1] Group 1: Insurance Policy Details - The insurance policy was purchased by Twist Pioneer, a wholly-owned subsidiary of Hongan Real Estate, with a total initial premium payment of approximately $4.85 million (around HKD 37.73 million) [1] - The policy is specifically for Mr. Deng Haokang, who is considered a key figure in the Hongan Real Estate Group [1] Group 2: Financial Implications - The boards of Hongan Real Estate and Twist Pioneer believe that the insurance policy may assist in refinancing and negotiating bank loan financing [1] - The policy is expected to generate positive returns starting from the end of the fourth year, with a guaranteed cash value of $4 million (approximately HKD 31.12 million) and non-guaranteed end-of-term dividends of about $1.124 million (approximately HKD 8.745 million) [1] - Additionally, from the end of the 25th year, the policy will provide a guaranteed cash value of $5 million (approximately HKD 38.90 million) [1]