[Announcement Overview](index=1&type=section&id=Announcement%20Overview) This section outlines the purpose and scope of the announcement, detailing the specific financial reports being clarified [Purpose and Scope of Announcement](index=1&type=section&id=Purpose%20and%20Scope%20of%20Announcement) This announcement clarifies specific financial data previously released by Fengzhan Holdings Limited in its 2025 interim results announcement, 2024 interim report, and 2024 annual report - This clarification announcement rectifies specific information in the company's previously issued 2025 interim results announcement, 2024 interim report, and 2024 annual report[2](index=2&type=chunk) - The clarified reports include the 2025 interim results announcement (August 28, 2025), the 2024 interim report (August 27, 2024), and the 2024 annual report (March 28, 2025)[2](index=2&type=chunk) [Financial Report Clarifications](index=1&type=section&id=Financial%20Report%20Clarifications) This section details the restatement of specific financial figures in the company's interim and annual cash flow statements [Clarifications Related to 2025 Interim Results Announcement and 2024 Interim Report](index=1&type=section&id=Clarifications%20Related%20to%202025%20Interim%20Results%20Announcement%20and%202024%20Interim%20Report) The company restated specific amounts for "advances to joint ventures" and "repayments from joint ventures" under financing activities in the condensed consolidated cash flow statement for the six months ended June 30, 2024 Restated Condensed Consolidated Cash Flow Statement for the Six Months Ended June 30, 2024 | Metric | Six Months Ended June 30, 2024 (HKD thousands) | | :--- | :--- | | Advances to joint ventures | 36,135 | | Repayments from joint ventures | (11,456) | [Clarifications Related to 2024 Annual Report](index=2&type=section&id=Clarifications%20Related%20to%202024%20Annual%20Report) The company restated specific amounts for "advances to joint ventures" and "repayments from joint ventures" under financing activities in the consolidated cash flow statement for the year ended December 31, 2024 Restated Consolidated Cash Flow Statement for the Year Ended December 31, 2024 | Metric | Year Ended December 31, 2024 (HKD thousands) | | :--- | :--- | | Advances to joint ventures | 103,257 | | Repayments from joint ventures | (93,439) | [Impact of Clarifications and Board Information](index=2&type=section&id=Impact%20of%20Clarifications%20and%20Board%20Information) This section addresses the overall impact of the financial clarifications and provides information regarding the company's Board of Directors [Overall Impact of Clarifications](index=2&type=section&id=Overall%20Impact%20of%20Clarifications) The clarifications involve only specific reclassifications and do not affect the total net cash from financing activities for the relevant periods, with all other information remaining unchanged - All other information contained in the 2025 interim results announcement, 2024 interim report, and 2024 annual report remains unchanged, except for the aforementioned clarifications[5](index=5&type=chunk) - The clarifications do not impact the total net cash generated from financing activities for the six months ended June 30, 2024, or the year ended December 31, 2024[5](index=5&type=chunk) [Board of Directors Information](index=2&type=section&id=Board%20of%20Directors%20Information) The announcement concludes by listing the names and positions of the Chairman and Chief Executive Officer and other board members - The Chairman and Chief Executive Officer of the Board is Mr Wu Kin Siu[6](index=6&type=chunk) - Board members include Executive Director Mr Wu Kin Siu, and Independent Non-executive Directors Mr Siu Wai Lam, Ms Ng Chung Chi, and Mr Wong Chun Wah[6](index=6&type=chunk)

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 | | | 致：香港交易及結算所有限公司 公司名稱: 豐展控股有限公司 呈交日期: 2025年9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) | 01826 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,000,000,000 | HKD | | 0.01 HKD | | 40,000,000 | | 增加 / 減少 (-) | | | 0 | | | HKD | | | | 本月底結存 | | | 4,000,000,000 | HKD | | 0.01 HKD | | 40,000,000 | 本月底法定/註冊股本總額： HKD 40,000,000 第 1 頁 共 10 頁 v ...

Core Viewpoint - Fengzhan Holdings (01826) reported a loss of HKD 5.163 million for the six months ending June 30, 2025, marking a shift from profit to loss year-on-year [1] Financial Performance - The company achieved revenue of HKD 235 million, representing a year-on-year decrease of 11.6% [1] - The basic loss per share was HKD 0.004 [1]

Core Viewpoint - Fengzhan Holdings (01826.HK) reported a revenue of approximately HKD 235.5 million for the six months ending June 30, 2025, representing a year-on-year decrease of about 11.6% [1] Financial Performance - The company recorded a loss attributable to shareholders of approximately HKD 5.2 million, compared to a profit of HKD 5.3 million in the same period last year [1] - Earnings per share were reported at a loss of HKD 0.004 [1]

Group 1 - The company reported a revenue of HKD 235 million for the six months ending June 30, 2025, representing a year-on-year decrease of 11.6% [1] - The company incurred a loss of HKD 5.163 million during the period, marking a shift from profit to loss compared to the previous year [1] - The basic loss per share was HKD 0.4 cents [1]

Financial Performance - For the six months ended June 30, 2025, the company's revenue was approximately HKD 235.5 million, a decrease of about HKD 30.8 million or 11.6% compared to HKD 266.3 million for the same period in 2024[12] - The gross profit for the same period was HKD 5.1 million, representing a decline of 65.0% from HKD 14.5 million in 2024[12] - The company reported a loss attributable to owners of approximately HKD 5.2 million, compared to a profit of HKD 5.3 million in the prior year[12] - For the six months ended June 30, 2025, the company reported a loss before tax of HKD (5,163) thousand, compared to a profit of HKD 5,254 thousand for the same period in 2024[20] - Total comprehensive income for the six months ended June 30, 2025, was HKD (5,711) thousand, compared to HKD (10,416) thousand as of January 1, 2024[18] Dividends and Shareholder Information - The board of directors did not recommend any interim dividend for the relevant period[12] - The company has decided not to declare any dividends for the six months ended June 30, 2025[36] - Mr. Ng holds 827 million shares, representing 62.09% of the company's ordinary shares, through a controlled corporation[74] - As of June 30, 2025, Masterveyor holds 827,000,000 shares, representing 62.09% of the total issued share capital[77] - Gentle Soar Limited, controlled by Mr. Gao Yunhong, owns 209,720,000 shares, accounting for 15.74% of the total issued share capital[77] Assets and Liabilities - Non-current assets as of June 30, 2025, totaled HKD 5.6 million, an increase from HKD 2.7 million as of December 31, 2024[16] - Current assets decreased to HKD 160.4 million from HKD 166.7 million as of December 31, 2024[16] - Current liabilities decreased slightly to HKD 162.7 million from HKD 161.8 million as of December 31, 2024[16] - The total liabilities exceeded total assets, resulting in a net liability position of HKD 5.7 million as of June 30, 2025[17] - The company's cash and cash equivalents decreased significantly to HKD 5.4 million from HKD 25.4 million as of December 31, 2024[16] Cash Flow and Operating Activities - The company's net cash used in operating activities for the six months ended June 30, 2025, was HKD (39,958) thousand, compared to HKD (46,443) thousand in 2024, indicating an improvement[20] - The company's cash and cash equivalents decreased by HKD 20,071 thousand for the six months ended June 30, 2025, compared to a decrease of HKD 15,145 thousand in 2024[21] Equity and Impairment - The company recorded a significant increase in equity accounted for joint ventures, rising to HKD 1.9 million from HKD 1.3 million[16] - The company’s total equity attributable to owners as of June 30, 2025, was HKD (5,711) thousand, an improvement from HKD (10,416) thousand as of January 1, 2024[18] - The company reported a decrease in expected credit loss impairment of HKD 893 thousand for the six months ended June 30, 2025, compared to HKD 1,658 thousand in 2024[30] - The company recorded a net impairment loss of approximately HKD 0.9 million during the period, a decrease from HKD 1.6 million in 2024[57] Operational Review and Strategy - The company plans to conduct a detailed review of its existing operations and financial condition to formulate sustainable business strategies for future development[54] - The company may consider collaborating with other partners on construction projects to achieve mutually beneficial outcomes[54] Employee and Administrative Information - The group employed a total of 59 employees as of June 30, 2025, down from 85 employees in the previous year, with employee costs approximately HKD 10.0 million[72] - Administrative expenses increased by approximately HKD 2.1 million or 27.6% to about HKD 9.7 million for the six months ended June 30, 2024, primarily due to legal and professional fees[58] Corporate Governance - The board is committed to maintaining good corporate governance practices to enhance business growth and stakeholder benefits[81] - The roles of the chairman and CEO are distinct, with Mr. Wu Jianxiao currently holding both positions, which the board believes enhances strategic efficiency[82] - The Audit Committee has been established in accordance with listing rules, consisting of three independent non-executive directors[93] - The Audit Committee's main responsibilities include recommending the appointment, reappointment, and removal of external auditors to the Board[93] - The Audit Committee supervises the integrity of the company's annual and interim financial reports before submission to the Board[93] - The Audit Committee has reviewed the unaudited condensed consolidated financial statements for the relevant period[94] Other Information - There were no known significant events requiring disclosure after June 30, 2025, up to the report date[92] - The company has adopted a code of conduct for securities trading by directors, ensuring compliance with the relevant standards[83] - No share options have been granted or agreed to be granted under the share option plan since its adoption on September 16, 2015, until June 30, 2025[85] - The maximum number of shares that can be issued under the share option plan is capped at 10% of the total issued shares, which is 133,200,000 shares[88] - The company has not purchased, sold, or redeemed any of its listed securities during the relevant period[80]

Core Viewpoint - The company expects to report a net loss of approximately HKD 3 million to HKD 7 million for the six months ending June 30, 2025, compared to a net profit of approximately HKD 5.3 million for the six months ending June 30, 2024 [1] Financial Performance - The anticipated net loss is primarily attributed to increased contracting and consulting-related expenses, which have led to a decline in gross profit margin, thereby compressing profit margins and affecting overall profitability [1]

Core Viewpoint - The company, Fengzhan Holdings (01826.HK), anticipates a net loss of approximately HKD 3 million to HKD 7 million for the six months ending June 30, 2025, contrasting with a net profit of approximately HKD 5.3 million for the six months ending June 30, 2024 [1] Financial Performance - The expected net loss is primarily attributed to increased contracting and consulting-related expenses, which have led to a decline in gross profit margin, thereby compressing profit margins and affecting overall profitability [1]

Core Viewpoint - The company expects to report a net loss of approximately HKD 3 million to HKD 7 million for the six months ending June 30, 2025, compared to a net profit of approximately HKD 5.3 million for the six months ending June 30, 2024 [1] Financial Performance - The anticipated net loss is primarily attributed to increased contracting and consulting-related expenses, which have led to a decline in gross profit margin, thereby compressing profit margins and affecting overall profitability [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，並明確表示概不會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。 （於開曼群島註冊成立的有限公司） （股份代號：1826） 盈利警告 – 1 – 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 豐展控股有限公司 董事會主席兼行政總裁 吳建韶 本公告由豐展控股有限公司（「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（「上市規則」）第13.09條及香港法例第 571章證券及期貨條例第XIVA部內幕消息條文（定義見上市規則）作出。 本 公 司 董 事（「董 事」）會（「董事會」）謹 此 通 知 本 公 司 股 東（「股 東」）及 潛 在 投 資者，根據對本集團截至二零二五年六月三十日止六個月未經審核綜合管理 賬目的初步審閱及本公司可獲得的資料，本集團預期於截至二零二五年六月 三十日止六個月錄得淨虧損約3.0百萬港元至約7.0百萬港元，而截至二零二四 年六月三十日止六個月則錄得純利約5.3百萬港元。 淨虧損乃主要由於承包 ...