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9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: 中國網成集團股份有限公司 呈交日期: 2025年10月3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) | 01920 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 400,000,000 | HKD | | 0.1 | HKD | | 40,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 400,000,000 | HKD | | 0.1 | HKD | | 40,000,000 | 本月底法定/註冊股本總額： ...

China Wacan Group Company 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.wacan.com.hk and the website of The Stock Exchange of Hong Kong Limited (the "HKEx's website") at www.hkexnews.hk respectively (the "Website Version"). The Company strongly recommends you to access the Website Version of the Current Corporat ...

中 國 網 成 集 團 股 份 有 限 公 司 (Incorporated in the Cayman Islands with limited liability) ( 於開曼群島註冊成立之有限公司 ) (Stock Code/股份代號: 1920) N OT IF IC ATI ON LET TE R 通 知 信 函 Dear Registered Shareholders, China Wacan Group Company 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.wacan.com.hk and the website of The Stock Exchang ...

中國網成集團股份有限公司 CHINA WACAN GROUP COMPANY LIMITED (Formerly known as China Wacan Group Company Limited 中國網成集團有限公司) (前稱China Wacan Group Company Limited 中國網成集團有限公司) (Incorporated in the Cayman Islands with limited liability) (於開曼群島註冊成立之有限公司) 中期報告 INTERIM REPORT 2025 中國網成集團股份有限公司 CHINA WACAN GROUP COMPANY LIMITED 二零二五年中期報告 中國網成集團股份有限公司 | Corporate Information | 公司資料 | 2 | | --- | --- | --- | | Management Discussion and Analysis | 管理層討論及分析 | 4 | | Condensed Consolidated Statement of Profit or Loss and | 簡明綜合損益及其他 ...

[Announcement Overview](index=1&type=section&id=Announcement_Overview) This announcement provides supplementary details on expected credit loss (ECL) impairment losses for the 2024 annual report [Purpose and Background of Announcement](index=1&type=section&id=Purpose_and_Background) This announcement provides supplementary information on expected credit loss (ECL) impairment losses disclosed in the 'Management Discussion and Analysis' section of China Netcom Group Corporation Limited's 2024 annual report - This is a supplementary announcement to the 2024 annual report of China Netcom Group Corporation Limited (Stock Code: 1920)[2](index=2&type=chunk)[3](index=3&type=chunk) - It primarily provides additional information regarding expected credit loss (ECL) impairment losses in the 'Management Discussion and Analysis' section of the 2024 annual report[3](index=3&type=chunk) [Expected Credit Loss (ECL) Impairment Details](index=1&type=section&id=ECL_Impairment_Details) This section details the specific impairment projects, amounts, and the methodology and assumptions used for calculating expected credit losses [Impairment Projects and Amounts](index=1&type=section&id=Impairment_Projects_and_Amounts) The company recognized impairment losses due to significant uncertainties in receivables of approximately HKD 15.7 million and HKD 3.6 million for two construction projects in Chai Wan and Kwun Tong, despite the client indicating payment processing | Project | Impairment Loss Amount (HKD) | | :--- | :--- | | Chai Wan Construction Project | Approx. 15.7 million | | Kwun Tong Construction Project | Approx. 3.6 million | - The company submitted payment applications for these projects in February 2022 and January 2024, but the client has not issued payment confirmation for a long time[4](index=4&type=chunk) - By December 2024, the client communicated that payment applications were still being processed and required more time, leading directors to first recognize significant collection uncertainty and the need for impairment[4](index=4&type=chunk) [Impairment Calculation Methodology and Assumptions](index=2&type=section&id=Impairment_Calculation_Methodology_and_Assumptions) Impairment is calculated based on an independent valuer's report issued in March 2025 under HKFRS 9, using a probability-weighted loss default model and key inputs such as receivables grouping, probability of default, recovery rates, and forward-looking adjustment factors [Receivables Grouping](index=2&type=section&id=Receivables_Grouping) All receivables and unbilled revenue are categorized into three groups (A, B, C) based on repayment status, days past due, and credit risk, with Group C considered in default - Receivables and unbilled revenue are categorized into three groups: * **Group A:** Timely repayment, lower credit risk * **Group B:** Delayed repayment or 60-90 days past due, with supporting repayment evidence, relatively higher credit risk requiring individual analysis * **Group C:** Long overdue (over 90 days), no supporting repayment evidence, considered in default[5](index=5&type=chunk)[7](index=7&type=chunk)[9](index=9&type=chunk)[10](index=10&type=chunk) [Key Input Data and Assumptions](index=3&type=section&id=Key_Input_Data_and_Assumptions) Key input data includes probability of default, recovery rates, and forward-looking adjustment factors, primarily referencing Moody's rating reports and IMF GDP data, adjusted for forward-looking considerations | Metric | Group A (Accounts Receivable/Retention Money/Unbilled Revenue) | Group C (All Accounts Receivable/Retention Money/Unbilled Revenue) | Source | | :--- | :--- | :--- | :--- | | **Probability of Default** | 0.0% to 9.7% (Accounts Receivable) <br> 0.0% to 3.1% (Retention Money) <br> 0.0% to 100% (Unbilled Revenue) | 100% | Moody's Ratings (February 28, 2025) | | **Recovery Rate** | 37.9% (Accounts Receivable) <br> 37.9% (Retention Money) <br> 0.0% to 37.9% (Unbilled Revenue) | 0% | Moody's Ratings (February 28, 2025) | - Forward-looking adjustment factors are estimated using regression analysis, linking probability of default to GDP, with historical GDP data sourced from the International Monetary Fund (IMF)[12](index=12&type=chunk) - Forward-looking adjustment factors are set separately for investment-grade and speculative-grade assets based on economic conditions (stable, improving, deteriorating)[12](index=12&type=chunk) [Significant Changes](index=3&type=section&id=Significant_Changes) There are no significant changes in input data or assumptions compared to previous years, only an update of market data from 2023 to 2024 - No significant changes in input data or assumptions occurred compared to previous years, only an update of market data from 2023 to 2024 market data[11](index=11&type=chunk) [Valuation Methodology](index=4&type=section&id=Valuation_Methodology) The valuation report adopts the general approach for expected credit losses as described in HKFRS 9, paragraph 5.5.17, utilizing a probability-weighted loss default model consistently applied in 2023 and 2024 - The valuation report employs the general approach for expected credit losses as per HKFRS 9, paragraph 5.5.17, specifically a probability-weighted loss default model[13](index=13&type=chunk) - The same valuation model was applied in both 2023 and 2024[13](index=13&type=chunk) [Company Subsequent Actions](index=4&type=section&id=Company_Subsequent_Actions) This section outlines the company's actions taken after recognizing the impairment, including cessation of business with the client and debt recovery efforts [Post-Impairment Actions](index=4&type=section&id=Post_Impairment_Actions) Following impairment recognition, the company ceased business with the client and is actively pursuing debt recovery through payment reminders, communication with relevant parties, and considering legal action - The company has ceased business dealings with the client[13](index=13&type=chunk) - The company continues to pursue outstanding debts, with measures including: * Continuously issuing payment reminders to the client * Proactively responding to quantity surveyors' inquiries * Actively communicating with developers and main contractors of the relevant construction projects to seek assistance in expediting payment of outstanding debts[13](index=13&type=chunk) - The company is considering seeking legal advice regarding potential legal actions against the client, but no concrete plans are in place due to potential additional legal costs and time implications[13](index=13&type=chunk) [Other Information](index=4&type=section&id=Other_Information) This section provides additional details, including the composition of the Board of Directors [Board of Directors Members](index=4&type=section&id=Board_of_Directors_Members) The announcement discloses the list of Board of Directors members as of September 12, 2025, including Executive Directors Zhou Zhenlin, Peng Yunying, Guo Xianjiao, and Independent Non-executive Directors Ding Xin, Zhang Lingke, and Professor Lin Chengguang - As of September 12, 2025, the Board of Directors members include: * **Executive Directors:** Mr. Zhou Zhenlin, Ms. Peng Yunying, Mr. Guo Xianjiao * **Independent Non-executive Directors:** Ms. Ding Xin, Ms. Zhang Lingke, Professor Lin Chengguang[14](index=14&type=chunk)

格隆汇9月11日丨中国网成(01920.HK)宣布，朱奇已辞任独立非执行董事、公司薪酬委员会主席、公司 审核委员会及公司提名委员会各自的成员，自2025年9月11日起生效，以投入更多时间于彼其他工作安 排及事务。朱奇已确认，彼与董事局并无意见分歧，且概无与彼辞任相关之事宜须提请公司股东及香港 联合交易所有限公司垂注。 ...

中国网成(01920)公布，朱奇先生已辞任独立非执行董事、公司薪酬委员会主席、审核委员会及提名委 员会各自的成员，自2025年9月11日起生效，以投入更多时间于彼其他工作安排及事务。 同日起，林诚光教授将担任薪酬委员会主席、审核委员会成员及提名委员会成员。 ...

中 國 網 成 集 團 股 份 有 限 公 司 董 事（「董 事」）局（「董事局」）成 員 載 列 如 下： 執行董事 China Wacan Group Company Limited 中國網成集團股份有限公司 （前稱China Wacan Group Company Limited中國網成集團有限公司） （於開曼群島註冊成立之有限公司） （股份代號: 1920) 董事名單與其角色和職能 香港，二零二五年九月十一日 張菱珂 林誠光 審核委員會、薪酬委員會及提名委員會成員載列如下： | 董 事 | 審核委員會 | 薪酬委員會 | 提名委員會 | | --- | --- | --- | --- | | 周振林 | — | — | C | | 彭運英 | — | — | — | | 郭顯教 | — | — | — | | 丁 昕 | C | M | M | | 張菱珂 | M | M | M | | 林誠光 | M | C | M | C：相關董事局委員會主席 M：相關董事局委員會成員 周振林 （董事長） 彭運英 （總裁） 郭顯教 獨立非執行董事 丁 昕 附註： ...

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之內容概不負 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之任何損失承擔任何責任。 China Wacan Group Company Limited 中國網成集團股份有限公司 （前稱China Wacan Group Company Limited中國網成集團有限公司） （於開曼群島註冊成立之有限公司） （股份代號: 1920) (1) 獨立非執行董事辭任； 及 中 國 網 成 集 團 股 份 有 限 公 司（「本公司」）之 董 事（「董 事」）局（「董事局」）謹 此 宣 佈， 朱 奇 先 生（「朱先生」）已 辭 任 獨 立 非 執 行 董 事、本 公 司 薪 酬 委 員 會（「薪酬委員會」） 主 席、本 公 司 審 核 委 員 會（「審核委員會」）及 本 公 司 提 名 委 員 會（「提名委員會」）各 自 的 成 員，自 二 零 二 五 年 九 月 十 一 日 起 生 效，以 投 入 更 多 時 間 於 彼 其 他 工 作 安 排及事務。 朱 先 生 已 確 認，彼 與 董 事 局 ...

（股份代號: 1920) 授出購股權的補充公告 茲 提 述 本 公 司 日 期 為 二 零 二 五 年 九 月 二 日 的 公 告（「該公告」）。本 公 司 謹 此 就 於 二 零 二 五 年 九 月 二 日 授 出 購 股 權 額 外 補 充 下 列 資 料。除 文 義 另 有 所 指 外，本 公 告所用詞彙與該公告所界定者具有相同涵義。 購股權歸屬期 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之內容概不負 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之任何損失承擔任何責任。 China Wacan Group Company Limited 中國網成集團股份有限公司 （前稱China Wacan Group Company Limited中國網成集團有限公司） （於開曼群島註冊成立之有限公司） 董事局謹此澄清，該公告最後一段應替換為以下段落： 「據 董 事 局 作 出 一 切 合 理 查 詢 後 所 深 知、盡 悉 及 確 信，除 上 文 所 披 露 者 外，概 無 購股權的承授人為(i)本 公 司 的 董 事、主 要 行 ...