Core Viewpoint - The company reported a significant decline in revenue and an increase in losses for the six months ending September 30, 2025, indicating ongoing financial challenges [1] Financial Performance - The company achieved revenue of HKD 51.047 million, a decrease of 30.38% year-on-year [1] - The loss attributable to shareholders for the period was HKD 45.804 million, which represents a reduction of 48.39% compared to the previous year [1] - The basic loss per share was HKD 0.122 [1] Reasons for Loss - The losses were primarily attributed to gross losses and losses from equity-accounted investees, despite recognizing gains from the termination of a business disposal during the interim period [1]

格隆汇11月26日丨宏基资本(02288.HK)公布截至2025年9月30日止六个月中期业绩，集团来自持续经营 业务下之业务分部的综合收益为5,100万港元(截至2024年9月30日止六个月则为7,300万港元)。该收益主 要来自持续出售集团投资组合中的物业重建项目套现以及集团的资产、投资及基金管理业务所产生的经 常性收入。于六个月回顾期间，集团录得毛亏2,700万港元(截至2024年9月30日止六个月期间：毛利900 万港元)，主要归因于一个物业重建项目的一次性撇减及公司物业组合套现，反映物业市场持续疲软、 物业估值下调以及当前市场气氛。 期内，集团来自持续经营业务及已终止经营业务录得亏损2,500万港元(截至2024年9月30日止六个月期 间：9,100万港元)，而公司拥有人应占亏损为4,600万港元(截至2024年9月30日止六个月期间：8,900万港 元)。亏损主要归因于上述毛亏及摊占联营公司所产生的亏损，尽管于中期期间已确认已终止经营业务 下出售事项之收益。 ...

Financial Performance - For the six months ended September 30, 2025, the company reported a loss from continuing operations of HKD 64,549,000, compared to a loss of HKD 33,728,000 for the same period in 2024, representing an increase in loss of 91.5%[3] - Revenue from continuing operations decreased to HKD 51,047,000, down 30.4% from HKD 73,324,000 in the previous year[4] - The company recorded an operating loss of HKD 44,698,000, compared to an operating loss of HKD 5,263,000 in the prior year, indicating a significant deterioration in operational performance[4] - The net loss attributable to the company's owners for the period was HKD 45,804,000, an improvement from a loss of HKD 88,757,000 in the same period last year[5] - Total comprehensive income for the period was a loss of HKD 20,579,000, compared to a loss of HKD 89,599,000 in the previous year, showing a reduction in overall losses[6] - The company reported a pre-tax loss from continuing operations of HKD 64,530,000 for the six months ended September 30, 2025[17] - The group recorded a gross loss of HKD 27 million for the six months ended September 30, 2025, compared to a gross profit of HKD 9 million for the same period in 2024, primarily due to a one-time write-off related to a property redevelopment project[45] - The basic loss per share from continuing and discontinued operations was HKD 0.122 for the six months ended September 30, 2025, compared to HKD 0.236 for the same period in 2024[46] Revenue and Sales - Revenue from property sales for the six months ended September 30, 2025, was HKD 50,910,000, a decrease of 28.3% compared to HKD 70,932,000 for the same period in 2024[13] - Total revenue from continuing operations for the six months ended September 30, 2025, was HKD 51,047,000, a decline of 30.4% from HKD 73,324,000 in 2024[13] - The company had two customers contributing over 10% of total revenue, with sales of completed properties amounting to approximately HKD 38,000,000 and HKD 12,910,000 respectively[13] - The total expected revenue from existing contracts as of September 30, 2025, was HKD 137,000, which is anticipated to be recognized in the upcoming months[15] Assets and Liabilities - The company's total assets decreased to HKD 1,208,314,000 as of September 30, 2025, down from HKD 1,090,155,000 as of March 31, 2025[7] - Current assets increased to HKD 579,157,000, compared to HKD 485,136,000 at the end of the previous reporting period, indicating improved liquidity[8] - The company’s non-current liabilities remained stable at HKD 91,856,000, reflecting consistent long-term financial obligations[8] - The net asset value per share attributable to the owners was HKD 1.43, a slight decrease from HKD 1.54 as of March 31, 2025[3] - The fair value of investment properties decreased to HKD 2,500,000 as of September 30, 2025, from HKD 154,500,000 at the beginning of the year[28] - The total debt as of September 30, 2025, is HKD 152 million, representing 21.4% of total assets, a decrease from 26.8% as of March 31, 2025[61] - The net asset liability ratio is 10.2% as of September 30, 2025, down from 26.7% as of March 31, 2025, with net debt amounting to HKD 55 million[61] Dividends and Shareholder Returns - The company did not recommend an interim dividend for the six months ended September 30, 2025, maintaining a conservative approach amid ongoing losses[3] - The board did not recommend an interim dividend for the six months ended September 30, 2025, consistent with the previous period[46] - The board does not recommend the payment of an interim dividend for the six-month period ending September 30, 2025, consistent with the previous period where no dividend was declared[68] Investments and Acquisitions - The company acquired additional property, plant, and equipment amounting to approximately HKD 54,229,000 during the six months ended September 30, 2025[28] - The company acquired 100% equity of Cosmo Kingdom Holdings Limited for approximately HKD 57.569 million, completed on April 30, 2025[40] - The acquisition of 100% equity in Cosmo Kingdom Holdings Limited was completed for approximately HKD 57.57 million, approved by independent shareholders on September 16, 2024[47] - The group received HKD 120 million from the sale of its 50% stake in Quarella Holdings Limited, which sold its entire equity in a subsidiary for HKD 240 million[47] Operational Strategy - The company continues to focus on asset monetization and project delivery amidst market uncertainties, enhancing cash flow resilience[43] - The company is actively negotiating asset sales and progressing with property projects in Hong Kong, the US, and the UK[43] - The company maintains a cautious investment approach in the US, with the Winston project actively marketed to potential buyers and the Monterey Park Towne Centre project having resumed redevelopment[55] - The company is focused on enhancing shareholder returns through rigorous asset and investment management, including the sale of non-core assets and optimizing its real estate portfolio[55] - The company anticipates a cautious but optimistic outlook for the real estate market, supported by potential interest rate cuts and improved market sentiment[58] - The company aims to maintain financial flexibility and ensure timely delivery of ongoing projects while seeking high-potential development opportunities across different markets[59] Employee and Governance - The total employee count as of September 30, 2025, remains at 20, with total employee compensation (including director remuneration) amounting to HKD 14 million for the six-month period ending September 30, 2025[67] - The audit committee, composed of three independent non-executive directors, has reviewed the group's interim performance during the period[73] - The board believes that the current arrangement of the chairman and CEO roles being held by the same individual is in the best interest of the company, despite deviating from corporate governance codes[70] Risk Management - The company continues to monitor and review its credit policies to minimize credit risk in response to the macroeconomic environment, with most clients being reputable property developers, indicating no significant credit risk[66] - The company has not implemented any foreign currency or interest rate hedging policies but will consider appropriate hedging strategies if necessary[65] - The company has not engaged in the purchase, sale, or redemption of any listed securities during the period[69]

FF301 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10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: 宏基資本有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2025年11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) | 02288 | 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 | | 0.01 HKD | | | 10,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | | 1 ...

Core Viewpoint - The board meeting of宏基资本 (02288.HK) is scheduled for November 26, 2025, to discuss various financial matters including the approval of unaudited consolidated financial statements for the six months ending September 30, 2025, and the potential declaration of an interim dividend [1] Group 1 - The board meeting will consider and approve the unaudited consolidated financial statements for the six months ending September 30, 2025 [1] - The meeting will also discuss the potential declaration of an interim dividend, if applicable [1] - Additionally, the board will review and approve the publication of the interim results announcement [1]

（股份代號：2288） 董事會會議通告 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依賴該等內容 而引致的任何損失承擔任何責任。 RYKADAN CAPITAL LIMITED 宏基資本有限公司 （於開曼群島註冊成立的有限公司） 於本公告日期，董事會成員包括執行董事陳偉倫先生（主席兼行政總裁）及勞海華先生（首席財務官）； 以及獨立非執行董事杜景仁先生、何國華先生及簡佩詩女士。 宏基資本有限公司（「本公司」）董事會（「董事」，統稱「董事會」）謹此公佈，本公司董事會會議將於二零 二五年十一月二十六日（星期三）舉行，藉以（其中包括）(i)考慮及審批本公司及其附屬公司截至二零 二五年九月三十日止六個月之未經審核綜合財務報表（「中期業績」）；(ii)考慮派發中期股息（如有）； 及(iii)考慮及審批刊發中期業績公告。 承董事會命 宏基資本有限公司 公司秘書 呂文傑 香港，二零二五年十月二十四日 ...

FF301 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: 宏基資本有限公司（於開曼群島註冊成立的有限公司） 呈交日期: 2025年10月2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) | 02288 | 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 | | 0.01 HKD | | 10,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 1,000,000,000 | HKD | | 0.01 HKD | | 10,000,000 | 本月底法定/註 ...

（於開曼群島註冊成立的有限公司） 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。 RYKADAN CAPITAL LIMITED 宏基資本有限公司 宏基資本有限公司(Rykadan Capital Limited)董事會成員如下： （股份代號：2288） 董事名單與其角色及職能 杜景仁先生 何國華先生 簡佩詩女士 獨立非執行董事 M 有關委員會的成員 N/A 不適用 香港，二零二五年十月一日 董事會已設立三個委員會，分別為審核委員會、提名委員會及薪酬委員會。下表提供各董事會成員 在該等委員會中所擔任職位的資料。 | 董事 | 委員會 | 審核委員會 | 提名委員會 | 薪酬委員會 | | --- | --- | --- | --- | --- | | 陳偉倫先生 | | N/A | C | N/A | | 勞海華先生 | | N/A | N/A | N/A | | 杜景仁先生 | | M | M | M | | 何國華先生 | | C | M | C ...

Core Viewpoint - Wu Dekun has submitted his resignation as a non-executive director of Hong Kong Macro Capital (02288.HK), effective from October 1, 2025, but will continue to serve as a company advisor [1] Group 1 - Wu Dekun's resignation will take effect on October 1, 2025 [1] - He will maintain a role as a company advisor following his resignation [1]

Core Viewpoint - Hongji Capital (02288) announced that Mr. Wu Dekun has submitted his resignation to focus more on personal affairs and responsibilities, effective from October 1, 2025, while continuing as a company advisor [1] Summary by Relevant Sections - **Resignation Announcement** - Mr. Wu Dekun will resign from his position as a non-executive director [1] - The resignation is aimed at allowing him to dedicate more time to personal matters [1] - **Future Role** - Despite resigning as a non-executive director, Mr. Wu will remain with the company in an advisory capacity [1] - His advisory role will commence on October 1, 2025 [1]