Shun Wo Group Holdings Limited 汛和集團控股有限公司 (Incorporated in the Cayman Islands with limited liability) ( 於開曼群島註冊成立的有限公司 ) (Stock Code 股份代號: 1591) N OT IF IC ATI ON LET TE R 通 知 信 函 22 December 2025 Dear Registered Shareholders, Shun Wo Group Holdings Limited (the "Company") – Notice of Publication of Interim Report 2025 (the "Current Corporate Communication(s)") The English and Chinese versions of the Company's Current Corporate Communication(s) are available on the Company's website at www.swgrph.com (the " ...

Financial Performance - The company's revenue increased by approximately HKD 14.7 million or 22.9% to about HKD 78.7 million compared to HKD 64.0 million in the same period of 2024[8]. - Gross profit decreased by approximately HKD 1.1 million to about HKD 3.9 million, with a gross margin decline of 2.9 percentage points to about 5.0% from 7.9% in the same period of 2024[9]. - The company recorded a net loss of approximately HKD 16.3 million, compared to a net loss of about HKD 5.1 million in the same period of 2024[14]. - The company reported an operating loss of HKD 16.26 million for the period, compared to a loss of HKD 4.89 million in the previous year, indicating a worsening operational performance[30]. - The net loss before tax was HKD 16.27 million, compared to a loss of HKD 4.90 million in 2024, highlighting a significant increase in losses[30]. - The company reported a loss attributable to shareholders of HKD 16,271,000 for the six months ended September 30, 2025, compared to a loss of HKD 5,077,000 in the same period of 2024, resulting in a basic loss per share of HKD 4.07[47]. Expenses and Costs - Administrative and operating expenses increased significantly by approximately HKD 6.5 million, primarily due to bonuses for departing directors and rising employee costs[11]. - The total employee compensation cost for the period was approximately HKD 23.1 million, up from HKD 15.4 million in the same period last year, marking a rise of 50.3%[28]. - Administrative and other operating expenses increased significantly to HKD 17.24 million from HKD 10.75 million, representing a rise of 60.6%[30]. - Employee costs increased to HKD 11,451,000 from HKD 9,962,000, reflecting a rise in operational expenses[44]. Cash Flow and Liquidity - The company had a total bank balance of approximately HKD 69.8 million as of September 30, 2025, down from HKD 85.2 million as of March 31, 2025[16]. - Cash and cash equivalents decreased by HKD 15,425,000, ending at HKD 69,817,000 as of September 30, 2025, down from HKD 82,173,000 a year earlier[33]. - Operating cash flow for the six months ended September 30, 2025, was negative at HKD (6,809,000), compared to HKD (5,670,000) in the previous year[33]. - The company incurred a net cash outflow from investing activities of HKD (8,379,000) for the six months ended September 30, 2025[33]. Assets and Liabilities - Total assets as of September 30, 2025, amounted to HKD 1,808,881,203, a decrease from HKD 1,841,212,000 as of March 31, 2025[31]. - The company’s total liabilities amounted to HKD 685,132,626 as of September 30, 2025[31]. - The company’s total equity as of September 30, 2025, was HKD 123,749,000, down from HKD 140,020,000 as of March 31, 2025[32]. - The company’s retained earnings decreased to HKD 26,926,000 as of September 30, 2025, from HKD 43,197,000 as of March 31, 2025[32]. Investments and Capital Expenditures - The company invested approximately HKD 4.2 million in capital expenditures for the purchase of property, plant, and equipment, funded by internal resources[21]. - Total investment in property, plant, and equipment during the period was approximately HKD 4,172,000, down from HKD 6,782,000 in the previous year[49]. Corporate Governance - The company has adhered to all applicable corporate governance codes as outlined in the listing rules, ensuring accountability and protection of shareholder interests[74]. - The company has a commitment to maintaining good corporate governance practices to safeguard shareholder rights[74]. - The audit committee, established on September 3, 2016, reviewed the unaudited interim results and confirmed compliance with applicable accounting standards and regulations[80]. - The audit committee consists of three independent non-executive directors, ensuring oversight of financial reporting and risk management[80]. Shareholding Structure - As of September 30, 2025, the company has 204,000,000 shares held by Meicheng Holdings Limited, representing 51.0% of the total issued share capital[66]. - The shareholding structure indicates that Mr. Huang Renxiong owns 40%, Mr. Huang Yibang owns 30%, and Mr. Li Guohui owns 30% of Meicheng Holdings Limited[70]. - On October 23, 2025, Mr. Huang Renxiong agreed to purchase Mr. Li Guohui's 30% stake in Meicheng for HKD 12,000,000, resulting in a new ownership structure of 70% and 30% for Mr. Huang Renxiong and Mr. Huang Yibang respectively[71]. Market and Competition - The company is actively participating in project tenders to overcome intense competition and a sluggish real estate market[7]. - The management plans to adjust pricing strategies and implement strict cost control measures to enhance operational efficiency[7].

Core Viewpoint - The company proposes a rights issue of up to approximately 133 million shares at a subscription price of HKD 0.14 per share, representing a discount of about 6.7% compared to the last trading price of HKD 0.150 per share [1] Group 1 - The net proceeds from the rights issue, if fully subscribed, are expected to be approximately HKD 17.92 million [1] - The funds raised will be used for the acquisition of equipment and machinery as well as for general working capital of the group [1]

Core Viewpoint - The company proposes a rights issue to raise a maximum of approximately HKD 18.67 million by offering one new share for every three existing shares held at a subscription price of HKD 0.14 per share [1] Group 1: Rights Issue Details - The company plans to issue up to 133,333,333 rights shares, assuming no changes in the number of shares issued as of the record date [1] - The rights issue is exclusively available to qualifying shareholders and will not extend to excluded shareholders, if any [1] - If fully subscribed, the estimated gross proceeds from the rights issue will be approximately HKD 18.67 million, with net proceeds expected to be around HKD 17.92 million after deducting related expenses [1] Group 2: Use of Proceeds - The net proceeds from the rights issue are intended for the acquisition of equipment and machinery, as well as for general working capital of the group [1]

Group 1 - The company proposes a rights issue where eligible shareholders will receive one (1) share for every three (3) existing shares held, at a subscription price of HKD 0.14 per rights share [1] - A maximum of 133,333,333 rights shares will be issued, potentially raising total proceeds of approximately HKD 18,670,000 if fully subscribed [1] - The estimated net proceeds from the rights issue are expected to be around HKD 17,920,000, which will be used for the acquisition of equipment and machinery as well as general working capital [1]

智通财经APP讯，汛和集团(01591)公布，公司建议按"3供1"基准发行最多约1.33亿股供股股份，每股供 股股份认购价0.14港元，较股份于最后交易日在联交所所报收市价每股0.150港元折让约6.7%。若供股 获全数认购，净筹约1792万港元，拟用作为集团购置设备及机器以及集团的一般营运资金。 ...

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 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並表明概不對因本公告全部或任何 部份內容而產生或因依賴該等內容而引致的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的邀請或要約。 Shun Wo Group Holdings Limited 汛 和 集 團 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1591） (1)建議按於記錄日期 每持有三(3)股現有股份 獲發一(1)股供股股份之基準 以非包銷方式進行供股； 及 (2)暫停辦理股份過戶登記 本公司之財務顧問 昇世資本有限公司 建議供股 本公司建議按記錄日期營業時間結束時合資格股東每持有三(3)股現有股份可獲 發 一 ( 1 ) 股 供 股 股 份 的 基 準 ， 以 每 股 供 股 股 份 認 購 價 0 . 1 4 港 元 發 行 最 多 133,333,333股供股股份（ 假設於記錄日期或之前已發行股份數目並無變動 ），籌 集最高所得款項總額約18,670,000港元（ ...

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11月30日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 汛和集團控股有限公司 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) | 01591 | 說明 | | | | | | | | | | 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 | | 0.1 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.1 HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000, ...

格隆汇11月27日丨汛和集团(01591.HK)公布截至2025年9月30日止六个月中期业绩。期内，集团之收益 较2024年同期的约6400万港元增加约1470万港元或约22.9%至约7870万港元。收益的稳定增长主要归因 於已确认2024年获授的地基项目所产生的收入流所致。集团录得亏损净额约1630万港元，而2024年同期 则录得亏损净额约510万港元。 ...

汛和集团(01591)发布截至2025年9月30日止六个月业绩，该集团期内取得收益7873万港元，同比增加 22.94%;公司拥有人应占亏损1627.1万港元，同比扩大220.48%;每股基本亏损4.07港仙。 ...