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。 HEBEI CONSTRUCTION GROUP CORPORATION LIMITED 1727 建議修訂公司章程 河北建設集團股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，根據《中華人民共和 國公司法》及《上市公司章程指引》等相關法律法規的規定，結合本公司的實際情況及需 求，同時為了進一步優化公司治理制度，提高規範運作水平，本公司於2026年3月30日舉 行的董事會會議上，董事會審議並通過（其中包括）關於建議修訂《河北建設集團股份有限 公司章程》（「公司章程」）的議案，同時提請本公司股東會授權董事會及其授權人士辦理公 司章程修訂涉及的工商備案及變更登記相關事宜。 本次公司章程修訂的詳情如下： - 1 - | 序號 | 修訂前 | 修訂後 | | --- | --- | --- | | 第五條 | 董事長為公司的法定代表人。 | 董事長代表公司執行公司事務 | | | 擔任法定代表人的董事長 ...

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。 HEBEI CONSTRUCTION GROUP CORPORATION LIMITED 1727 建議選舉第四屆董事會董事 河北建設集團股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，於2026年3月30日舉 行的董事會會議上，董事會審議並通過（其中包括）關於建議選舉第四屆董事會董事的議 案。 - 2 - 職位釐定，包括基本薪酬、績效薪酬、各項社會保險、員工福利、住房公積金等；李寶 元先生擔任非執行董事期間，其薪酬將參照其在本公司的職位釐定，包括基本薪酬、績 效薪酬、各項社會保險、員工福利、住房公積金等；侯佩瑩女士、凌斌先生及王貝女士 擔任獨立非執行董事期間，彼等年度薪酬為每人12萬港幣。本公司亦將於年度報告中披 露董事薪酬。 鑒於本公司第三屆董事會任期將屆滿，為更好發揮董事會作用，綜合考慮專業架構、履 職經歷、優勢專長等因素，董事會建議提名李寶忠先生、商金峰先生、趙文生先生、田 偉先生及張文 ...

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。 HEBEI CONSTRUCTION GROUP CORPORATION LIMITED 1727 (1)聯席公司秘書、授權代表及法律程序文件代理人辭任 及 (2)授權代表及法律程序文件代理人之變更 聯席公司秘書、授權代表及法律程序文件代理人辭任 河北建設集團股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈，黃慧玲女 士（「黃女士」）已辭任(i)本公司聯席公司秘書（「聯席公司秘書」）；(ii)香港聯合交易所有限 公司（「聯交所」）證券上市規則（「上市規則」）上市規則第3.05條項下本公司授權代表（「授權 代表」）；及(iii)根據香港法例第622章公司條例第16部和上市規則第19A.13(2)條項下代表 本公司於香港接受送達的法律程序文件及通知書的香港法律程序文件代理人（「法律程序 文件代理人」），自2026年3月30日起生效。 董事會進一步宣佈，申麗鳳女士（「申女士」）已辭任授權代表 ...

Financial Performance - In 2025, the company's revenue was RMB 15.48 billion, a decrease of 38% compared to 2024[4] - The net loss for 2025 was RMB 596 million, a reduction of 474% compared to the previous year[4] - Earnings per share for 2025 was RMB -0.33, a decrease of 429% from 2024[4] - The total comprehensive loss for 2025 was RMB 637.61 million, compared to a comprehensive income of RMB 163.25 million in 2024[9] - The total profit for 2025 was a loss of RMB 240,901,000, compared to a profit of RMB 204,003,000 in 2024[31] - The company reported a net cash outflow from operating activities of RMB 1,868,791,000 for 2025[35] - The company incurred credit impairment losses of RMB 222,071,000 in 2025, an increase from RMB 174,431,000 in 2024[28] - The company reported no significant acquisitions or disposals of subsidiaries or associates during the reporting period[89] Assets and Liabilities - Total assets as of December 31, 2025, amounted to RMB 47.79 billion, down from RMB 61.84 billion in 2024[6] - Current assets totaled RMB 41.87 billion in 2025, compared to RMB 55.39 billion in 2024[5] - Total liabilities decreased to RMB 42.04 billion in 2025 from RMB 55.45 billion in 2024[6] - The company's cash and cash equivalents were RMB 4.36 billion in 2025, down from RMB 5.75 billion in 2024[5] - Long-term receivables decreased to RMB 126,409,000 in 2025 from RMB 170,007,000 in 2024, reflecting a reduction in expected cash inflows from long-term projects[19] - The current ratio decreased to 1.02 from 1.10, indicating a decline in liquidity[84] - The capital debt ratio increased to 113.2% from 94.8%, reflecting a higher reliance on debt financing[84] Revenue Breakdown - The group’s main business income from construction services was RMB 14,893,473,000 in 2025, a decline of 39% compared to the previous year[23] - The construction engineering contracting segment's revenue for 2025 was RMB 14.893 billion, with a gross margin of 4.5%, down from 5.2% in 2024[62] - The housing construction business generated revenue of RMB 8.799 billion with a gross margin of 3.5%, while infrastructure construction business revenue was RMB 4.644 billion with a gross margin of 6.4%[62] - The housing construction business revenue decreased by RMB 6.653 billion compared to the same period last year due to a sluggish real estate market and project slowdowns[1] - Infrastructure construction business revenue declined by RMB 2.667 billion, attributed to the completion of high-margin projects from the previous year[2] Cost Management - The total operating costs for 2025 amounted to RMB 14,963,560,000, a decrease of approximately 38% from RMB 24,220,003,000 in 2024[30] - Management expenses for 2025 were RMB 0.280 billion, a decrease of RMB 0.130 billion compared to 2024, mainly due to reduced salary expenses[63] - Research and development expenses were RMB 40.35 million in 2025, significantly reduced from RMB 121.20 million in 2024[8] - Research and development expenses for 2025 were RMB 0.040 billion, down RMB 0.080 billion from 2024, attributed to fewer new project initiations[64] Contractual Obligations and New Contracts - The new contract amount for 2025 is RMB 12.369 billion, a decrease of 49.3% from RMB 24.348 billion in the same period last year[41] - The total uncompleted contract amount is RMB 48.736 billion, down from RMB 52.724 billion year-on-year[41] - The company secured new contracts totaling RMB 19.43 billion for the construction of the Guang'anmen Hospital project in Hebei Province[54] - A significant contract worth RMB 5.84 billion was signed for the reconstruction of the S333 highway in Hebei Province[51] - The company has ongoing projects in municipal infrastructure, with notable contracts including RMB 5.00 billion for the Lanshan Hot Spring project in Shandong Province[51] Strategic Plans and Governance - The group plans to negotiate with lenders regarding defaults and cross-default issues, aiming to secure additional credit financing if necessary[13] - The company aims to control administrative costs and maintain capital expenditure to improve liquidity and financial condition[13] - The management has implemented several plans to alleviate liquidity pressure and improve financial conditions[39] - The company will focus on deepening market penetration and expanding development space, particularly in the Hebei province and key regions such as Inner Mongolia and the Yangtze River Delta[96] - The company has committed to maintaining high corporate governance standards and has adhered to all provisions of the Corporate Governance Code during the reporting period[99] Dividend Policy - The company plans not to distribute dividends for the year ending December 31, 2025[33] - The board has proposed not to declare a final dividend for the year ending December 31, 2025, consistent with the previous year[98]

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。 HEBEI CONSTRUCTION GROUP CORPORATION LIMITED 1727 盈利預警 本公司股東及潛在投資者於買賣本公司股份時務請審慎行事。 承董事會命 河北建設集團股份有限公司 董事長兼執行董事 李寶忠 中國，河北 本公告乃由河北建設集團股份有限公司（「本公司」，連同其附屬公司統稱「本集團」）根據 香港聯合交易所有限公司證券上市規則第13.09(2)(a)條及《證券及期貨條例》（香港法例第 571章）第XIVA部刊發。 由於房地產市場環境不及預期，導致本年度本公司的應收賬款和合同資產等集體壞賬撥 備增加。本公司董事會（「董事會」）謹此知會本公司股東及潛在投資者，根據對本集團截 至2025年12月31日止年度的未經審核綜合管理賬目的初步審閱及現有可得資料，預期截 至2025年12月31日止年度本集團將錄得淨虧損約為人民幣5.5億元至人民幣7億元之間，而 上年度本集團淨利潤約為人民 ...

HEBEI CONSTRUCTION GROUP CORPORATION LIMITED 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。 承董事會命 河北建設集團股份有限公司 董事長兼執行董事 李寶忠 中國，河北 2026年3月18日 於本公告日期，執行董事為李寶忠先生、商金峰先生、趙文生先生、田偉先生及張文忠 先生；非執行董事為李寶元先生；獨立非執行董事為申麗鳳女士、陳欣女士及陳毅生先 生。 1727 董事會會議日期 河北建設集團股份有限公司（「本公司」）董事會（「董事會」）謹此公佈，董事會會議將於 2026年3月30日（星期一）舉行，藉以（其中包括）考慮及批准本公司及其附屬公司截至2025 年12月31日止年度業績及其發佈，並考慮建議派發末期股息（如有）。 ...

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: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 河北建設集團股份有限公司 呈交日期: 2026年3月5日 本月底法定/註冊股本總額： RMB 1,761,383,500 第 1 頁 共 10 頁 v 1.2.0 FF301 FF301 II. 已發行股份及/或庫存股份變動及足夠公眾持股量的確認 1. 股份分類 普通股 股份類別 H 於香港聯交所上市 (註1) 是 證券代號 (如上市) 01727 說明 已發行股份（不包括庫存股份）數目 庫存股份數目 已發行股份總數 上月底結存 461,383,500 0 461,383,500 增加 / 減少 (-) 0 0 本月底結存 461,383,500 0 461,383,500 足夠公眾持股量的確認(註4) I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 H | | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | ...

Core Viewpoint - Hebei Construction experienced significant stock price fluctuations in February 2026, driven by technical rebounds, sector sentiment, and undervaluation recovery, while facing challenges such as declining performance and related party risks [1] Stock Performance - On February 13, 2026, Hebei Construction's stock price fell by 3.85% to close at 0.38 HKD, with a trading volume of 27,385 HKD and a turnover rate of 0.02%. On February 11, the stock had surged by 4.00%, reaching a peak of 0.43 HKD, with a volatility of 13.33% and a trading volume of 42,205 HKD. Over the last five trading days, the cumulative increase was 2.74%, but it had declined by 1.32% year-to-date, indicating significant volatility [2] Technical and Financial Indicators - As of February 13, the MACD divergence was 0.0, with a signal line at -0.003 and a histogram at 0.006, indicating weak but improving short-term momentum. The Bollinger Bands showed an upper band at 0.386 HKD, a middle band at 0.37 HKD, and a lower band at 0.353 HKD, with the current stock price near the middle band. The KDJ indicator showed K at 49.079, D at 55.39, and J at 36.457, indicating a relatively balanced zone. The stock price experienced a technical rebound after breaking through the 5-day moving average of 0.373 HKD on February 11 [3] Sector Performance - On February 11, the Hong Kong construction sector rose by 1.15%, with the Hang Seng Index increasing by 0.41%, reflecting sector-wide sentiment. Expectations of improved regulatory oversight on real estate pre-sale funds, along with supportive infrastructure investment policies, bolstered sentiment in the construction sector. However, on February 13, the sector fell by 1.44%, mirroring the broader market decline of 1.72%, with Hebei Construction's performance aligning with sector trends [4] Operational Performance - According to the mid-2025 report, the company achieved revenue of 7.908 billion RMB, a year-on-year decline of 28.21%, and a net profit attributable to shareholders of 105 million RMB, down 17.56%. The construction contracting business generated 7.616 billion RMB, accounting for 96.31% of total revenue, with building construction revenue at 4.744 billion RMB (60%) and infrastructure construction revenue at 2.218 billion RMB (28.05%). The net cash flow from operating activities was -761 million RMB, an improvement from -1.729 billion RMB in the same period last year, but still negative [5] Company Valuation - The current price-to-earnings ratio (TTM) is only 4.06 times, and the price-to-book ratio is 0.10 times, both at historical lows. Some investors may speculate on a rebound from the oversold condition, but there are concerns regarding related party risks. A report from Baoding Bank in 2025 indicated that two subsidiaries of Hebei Construction Group became defendants in a case involving 320 million RMB in loans, highlighting issues with the company's related party funding chain and risk control [6]

Group 1: Stock Price Movement - The stock price of Hebei Construction (01727.HK) experienced a notable movement on February 11, 2026, closing at HKD 0.39, up 4.00%, with an intraday high of HKD 0.43 and a volatility of 13.33% [1] Group 2: Reasons for Stock Price Movement - The stock price movement was driven by several factors, including a short-term moving average breakout, with the stock surpassing the 5-day moving average of HKD 0.373, and the MACD histogram turning positive at 0.006, indicating improved short-term momentum [2] - There was a net inflow of retail funds amounting to HKD 30,945, contributing to a 21.3% increase in trading volume compared to the previous day [2] Group 3: Industry Policy Status - The Hong Kong property construction sector showed strength, with the sector overall rising by 1.15%, while the Hang Seng Index increased by 0.41%, indicating a broad-based rally among property and construction stocks [3] - Market expectations for improved regulation of pre-sale funds in real estate, along with supportive infrastructure investment policies, bolstered sentiment in the construction sector [3] Group 4: Company Fundamentals - The company faced pressure from declining performance, with a 21% year-on-year decrease in net profit to HKD 95 million and a 28% drop in revenue to HKD 7.908 billion for the mid-2025 financial report, primarily due to reduced construction contract revenue [4] - The current price-to-earnings ratio (TTM) stands at 4.22 and the price-to-book ratio at 0.10, indicating a historically low valuation, which may attract speculative buying for a rebound [4] Group 5: Industry and Risk Analysis - There is exposure to related party risks, as a report from Baoding Bank in 2025 revealed that two subsidiaries of Hebei Construction became defendants in enforcement actions involving loans of HKD 320 million, highlighting issues with the company's related party funding and risk control [5] - The overall demand in the construction industry remains weak, with the construction sector in Hebei Province facing pressure in the first half of 2025, likely due to a slowdown in macroeconomic growth affecting new contract signings [6] Group 6: Future Development - The stock movement on February 11 was primarily driven by technical rebounds, sector sentiment, and the need for valuation recovery, but the company still faces challenges from declining performance and related party risks [7] - Investors should monitor the effectiveness of future policy implementations and the company's progress in debt management [7]

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: 2026年1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: 河北建設集團股份有限公司 呈交日期: 2026年2月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01727 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 461,383,500 | RMB | | | 1 RMB | | 461,383,500 | | 增加 / 減少 (-) | | | 0 | | | | RMB | | 0 | | 本月底結存 | | | 461,383,500 | RMB | | | 1 RMB | | 461,383,500 | | 2. 股份分類 | 普通 ...