基石控股有限公司 (Incorporated in the Cayman Islands with limited liability) (Stock Code: 1592) (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：1592） NOTIFICATION LETTER 通知信函 30 September 2025 Dear Registered Shareholder, 本公司的本次公司通訊之中、英文版本已分別上載於本公司網站www.anchorstone.com.hk及香港聯合交易所有限公司（「聯交所」）之網 站www.hkexnews.hk（「網站版本」）。我們建議 閣下閱覽本公司本次及日後公司通訊 （附註1） 的網站版本。如 閣下已選擇收取公司通訊 的印刷本，隨函附上本次公司通訊。 It is the responsibility of registered shareholders to provide a functional email address. ...

Financial Performance - For the six months ended June 30, 2025, the company recorded revenue of approximately HKD 27.9 million, an increase of 58% compared to the same period last year[6]. - The company reported a loss attributable to owners of approximately HKD 8.7 million, which is an increase of HKD 0.2 million from the previous period, reflecting a decline in profitability due to local economic slowdown and a weak property market[6]. - Revenue from customer contracts for the six months ended June 30, 2025, was HKD 27,866,000, an increase of 58% compared to HKD 17,634,000 for the same period in 2024[44]. - Gross profit for the same period was HKD 2,490,000, down 16.7% from HKD 2,988,000 in 2024[44]. - Operating loss increased to HKD 7,066,000 for the six months ended June 30, 2025, compared to HKD 5,765,000 in 2024, reflecting a 22.5% increase in losses[44]. - The company reported a net cash outflow from operating activities of HKD 1,111,000 for the six months ended June 30, 2025, down from HKD 7,308,000 in 2024[48]. - The company reported a loss attributable to owners of HKD 8,725,000 for the six months ended June 30, 2025, slightly higher than the loss of HKD 8,522,000 in 2024[75]. Expenses and Costs - The overall gross profit margin decreased from approximately 17% to 9%, primarily due to project mix differences and the impact of certified or confirmed engineering change orders[11]. - Administrative expenses for the period were approximately HKD 7.8 million, reduced mainly due to decreased employee benefits and legal and professional fees[12]. - Financial costs decreased from HKD 2.5 million for the period ended June 30, 2024, to HKD 1.6 million for the period ended June 30, 2025, due to the settlement of certain outstanding loans[13]. - The total construction costs recognized in cost of sales for the six months ended June 30, 2025, were HKD 20,107,000, compared to HKD 11,241,000 in 2024, reflecting a 79% increase[70]. - The company reported a decrease in employee benefit expenses to HKD 4,434,000 for the six months ended June 30, 2025, down from HKD 5,169,000 in 2024[70]. Assets and Liabilities - As of June 30, 2025, the company's cash and cash equivalents were approximately HKD 0.6 million, up from HKD 0.3 million as of December 31, 2024[20]. - The company's current ratio as of June 30, 2025, was approximately 0.67, compared to 0.72 as of December 31, 2024[20]. - The total bank borrowings as of June 30, 2025, remained at approximately HKD 33.5 million, unchanged from December 31, 2024[21]. - The company's debt-to-equity ratio as of June 30, 2025, was approximately -237.1%, an improvement from -479.6% as of December 31, 2024[22]. - As of June 30, 2025, the group's net current liabilities amounted to approximately HKD 51.4 million, an increase from HKD 40.6 million as of December 31, 2024[23]. - The total liabilities increased to HKD 166,611,000 as of June 30, 2025, compared to HKD 158,692,000 at the end of 2024, marking a rise of 5%[46]. - The company's total equity as of June 30, 2025, was HKD (62,731,000), compared to HKD (54,103,000) at the end of 2024, indicating a decline in equity[45]. - The net current liabilities and total liabilities as of June 30, 2025, were approximately HKD 51,415,000 and HKD 62,731,000, respectively[53]. Shareholder and Governance - The chairman and CEO, Mr. Lei Yu-run, holds a significant stake of 61.29% in the company, with 1,478,860,470 shares as of the report date[31]. - The company has complied with the corporate governance code since its listing date, with a strong independent element in its board composition[37]. - All directors confirmed compliance with the trading standards set out in the standard code for securities transactions as of June 30, 2025[38]. - The company is actively seeking suitable candidates to comply with the listing rules following the resignation of a board member[39]. Dividends and Financing - The company has decided not to declare any interim dividend for the six months ended June 30, 2025, in order to retain resources for future development[7]. - The company did not recommend the payment of an interim dividend for the six months ended June 30, 2025, consistent with the previous year where no dividend was declared[88]. - The company is seeking additional financing sources, including debt or equity financing, to improve its capital structure and reduce overall financing costs[60]. - The major shareholder, Mr. Lei, is willing to provide financial support to the company if needed, with loans amounting to approximately HKD 11,206,000 as of December 31, 2024[60]. Legal and Compliance Issues - The group has estimated a potential liability of approximately HKD 9.226 million related to a court ruling involving a former subcontractor, including accrued interest[28]. - The group has made provisions of approximately HKD 1.968 million and HKD 9.226 million for litigation claims and legal expenses, respectively[28]. - There are ongoing legal cases involving personal injury claims against the company, with one claim from a former subcontractor amounting to HKD 6.5 million[90]. Market Conditions - The construction industry in Hong Kong continues to face challenges such as high interest rates, inflationary pressures, and labor shortages, impacting project timelines and cash flow[52]. - The company has conducted cash flow forecasts covering at least 12 months from June 30, 2025, and believes it will have sufficient working capital to meet its financial obligations[57]. Employee and Operational Insights - The group has 11 full-time employees as of June 30, 2025, with no adverse impact from labor shortages or strikes reported during the period[29]. - The company has implemented measures to accelerate customer certification, billing, and collection for completed projects[55].

格隆汇9月19日丨基石控股(01592.HK)公告，于2025年9月19日，公司与配售代理订立配售协议，据此公 司有条件同意透过配售代理按尽力基准以配售价每股配售股份0.025港元向不少于六名承配人(为独立于 公司及其关连人士的第三方专业人士、机构或其他投资者)配售最多4.8亿股配售股份。配售股份将根据 一般授权配发及发行。假设本公告日期至配售事项完成期间，公司之已发行股本并无任何变动，配售事 项项下之最多4.8亿股配售股份相当于本公告日期公司已发行股本约20.00%，及经发行配售股份扩大之 已发行股本约16.67%。假设所有配售股份均获悉数配售，估计配售事项的所得款项总额及扣除配售佣 金及其他相关开支及专业费用后的所得款项净额将分别为约1206万港元及约1147万港元。 基石控股(01592.HK)拟配售不超4.83亿股 最多筹1206万港元 基石控股(01592.HK)拟配售4.8亿股 净筹约 1147万港元 相关事件 ...

Group 1 - The company, Cornerstone Holdings (01592), announced a proposed placement of up to 482.6 million shares, representing approximately 16.67% of the enlarged issued share capital after the placement [1] - The placement price is set at HKD 0.025 per share, which is a discount of about 16.67% compared to the closing price of HKD 0.030 on September 19 [1] - If all placement shares are fully placed, the estimated total gross proceeds and net proceeds from the placement will be approximately HKD 12.06 million and HKD 11.47 million, respectively [1] Group 2 - The company intends to use the net proceeds from the placement for various purposes: approximately 50% for repaying bank loans, 25% for settling other debts and payables, and 25% for general working capital, including employee costs and other corporate expenses [1] - Additionally, the board is considering a proposal for a share consolidation and will apply to the Stock Exchange for approval of the listing and trading of the consolidated shares [1]

Group 1 - The company,基石控股, announced a financing plan through the placement of new shares, issuing approximately 482.59 million shares to raise about 12.1 million HKD, with a net amount of approximately 11.5 million HKD after expenses [1] - The placement price of 0.025 HKD represents a discount of about 16.67% compared to the previous trading day's closing price of 0.030 HKD, and an 18.83% discount compared to the average closing price over the last five trading days [1] - The newly issued shares will account for approximately 20.00% of the existing issued share capital and about 16.67% of the enlarged share capital after completion [1] Group 2 - The funds raised will be allocated as follows: approximately 5.7 million HKD for repaying bank loans, around 2.9 million HKD for settling other debts and payables, and about 2.9 million HKD for general working capital [1] - The issuance is based on the general authorization granted by the shareholders' meeting and is expected to be completed by October 9, 2025, or a later date agreed upon with the placement agent [1]

Core Viewpoint - The company,基石控股, plans to issue up to 482.6 million shares, representing approximately 16.67% of its enlarged issued share capital, at a price of HKD 0.025 per share, which is a discount of about 16.67% compared to the closing price of HKD 0.030 on September 19 [1] Group 1 - The estimated total proceeds from the placement are approximately HKD 12.06 million, with a net amount of about HKD 11.47 million expected [1] - The net proceeds will be allocated as follows: approximately 50% for repaying bank loans, 25% for settling other debts and payables, and 25% for general working capital, including employee costs and other company expenses [1] Group 2 - The board is considering a share consolidation and will apply to the Stock Exchange for approval of the listing and trading of the consolidated shares [1]

Core Viewpoint - Company has announced a conditional placement agreement to issue up to 480 million shares at a price of HKD 0.025 per share, representing approximately 20.00% of the current issued share capital [1] Group 1: Placement Details - The placement will be conducted through a placement agent and will target at least six independent third-party professional investors [1] - The maximum 480 million shares represent about 20.00% of the company's current issued share capital and approximately 16.67% of the enlarged issued share capital post-placement [1] - The estimated gross proceeds from the placement are approximately HKD 12.06 million, with a net amount of about HKD 11.47 million after deducting placement commissions and related expenses [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 的 內 容 概 不 負 責，對其準確性或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或 任何部分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。 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。 Anchorstone Holdings Limited 基 石 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1592） 根據一般授權配售新股份 及 建議股份合併 本公司的配售代理 本公司的財務顧問 配售事項 於 2025 年 9 月 19 日（ 交 易 時 段 後 ）， 本 公 司 與 配 售 代 理 訂 立 配 售 協 議 ， 據 此 本 公 司有條件同意透過配售代理按盡力基準以配售價每股配售股份0.025港元向不少 於 六 名 承 配 人（ 為 獨 立 於 本 公 司 及 其 關 連 人 士 的 第 三 方 專 業 人 士 、 機 構 或 其 他 投 資 者 ）配 售 最 多 482,590,000 股 配 售 股 份 。 配 售 股 份 將 ...

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，並明確表示概不就因本公告全部或 任何部分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。 | 本集團自2024年年報日期 | | | | | | | | | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 起直至本公告日期止（「有關期間」） | | | | | | | | | | | | | | | | | | | 所採取的行動： | | | | | | | | | | 進一步資料 | | | | | | | | | 本集團已委聘外部顧問協助本集團加速 | | | | | | | | | | 於本公告日期，就已竣工項目應收客戶 | | | | | | | | | 認證、計費及收款進程。 | | | | | | | | 款 ...

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，並明確表示概不就因本公告全部或 任何部分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。 Anchorstone Holdings Limited 基 石 控 股 有 限 公 司 （於開曼群島註冊成立的有限公司） （股份代號：1592） 有關2024年年報之補充資料 本公告由基石控股有限公司（「本公司」）董事（「董事」）會（「董事會」）就本公司截至 2024年12月31日止年度的年報（「2024年年報」）的披露資料而刊發。除文義另有所 指外，本公告所用詞彙與2024年年報所界定者具相同涵義。 | | | | | | | | 2024年年報中 | | | | | | | | | | | | | | | | 本集團自2024年年報日期 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | -- ...