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 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) 02663 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 556,930,000 0 556,930,000 增加 / 減少 (-) 本月底結存 556,930,000 0 556,930,000 足夠公眾持股量的確認(註4) | 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: | 應力控股有限公司 | | | | 呈交日期: | 2026年2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) | 02663 ...

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12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: 應力控股有限公司 呈交日期: 2026年1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) | 02663 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/註冊股本總 ...

(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：2663） 4 December 2025 If you for any reason have difficulty in receiving email notification or gaining access to the Website Version of the Corporate Communications and would like to receive the Current Corporate Communication and all future Corporate Communications in printed form, please complete, sign the enclosed Reply Form and return it to the Company's branch share registrar in Hong Kong, Tricor Investor Serv ...

(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：2663） NOTIFICATION LETTER 通知信函 Dear Non-registered Holder, 4 December 2025 各位非登記持有人： 應力控股有限公司（「公司」） –於網站上刊發中期報告2025/26（「本次公司通訊」）的通知 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.kpa-bm.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」）。本公司建議 閣下閱覽本公司本次公司通訊 （附註） 的網站版本。 KPa-BM Holdings Limited (the "Company") - Notice of Publication of Interim Report 2025/26 (the "Current Corporate Communications") on website The English an ...

Revenue and Profitability - The Group's revenue for the Period was approximately HK$217.7 million, a decrease of approximately HK$169.8 million or 43.8% compared to approximately HK$387.5 million for the Previous Period due to project delays and a downturn in the construction market [17]. - Profit for the period decreased by approximately HK$13.5 million, primarily due to a decrease in gross profit of approximately HK$21.3 million [27]. - Revenue for the six months ended September 30, 2025, was HK$217,711,000, a decrease of 43.7% compared to HK$387,480,000 for the same period in 2024 [80]. - Gross profit for the period was HK$35,875,000, down 37.5% from HK$57,190,000 in the previous year [80]. - Profit for the period was HK$11,635,000, representing a decline of 53.7% compared to HK$25,085,000 in 2024 [80]. - Total comprehensive income for the period was HK$12,215,000, down 52.3% from HK$25,673,000 in the prior year [80]. Expenses and Cost Management - Administrative and other operating expenses decreased by approximately HK$5.1 million or 18.4% to approximately HK$22.6 million for the Period, mainly due to savings from Directors' discretionary bonuses [19]. - Finance costs for the Period were approximately HK$0.6 million, a decrease of approximately 50.0% compared to approximately HK$1.2 million for the Previous Period, due to reduced bank borrowings [20]. - Employee benefit expenses totaled HK$40,977,000, down 6.1% from HK$43,645,000 in the previous year [119]. - The total employee benefit expenses for the six months ended 30 September 2025 were approximately HK$41.0 million, down from HK$43.6 million in the same period last year [48]. Financial Position and Ratios - The Group's current ratio improved to approximately 3.0 times as of 30 September 2025, up from approximately 2.4 times as of 31 March 2025 [31]. - Net current assets were approximately HK$235.2 million as of 30 September 2025, compared to approximately HK$243.4 million as of 31 March 2025 [34]. - The gearing ratio decreased to 4.2% as of 30 September 2025, down from approximately 5.0% as of 31 March 2025 [33]. - Total equity as of September 30, 2025, was HK$256,905,000, a decrease from HK$261,398,000 as of March 31, 2025 [81]. Market Conditions and Strategic Initiatives - The construction sector in Hong Kong experienced an 18.6% decrease in the Gross Value of Construction Works performed by main contractors at private sector sites compared to the same period last year [12]. - The market shows signs of potential recovery, supported by recent interest rate cuts and government initiatives to develop partnerships with the Middle East [12]. - The Group plans to adopt a prudent fiscal strategy, including resource integration and a reduction in headcount, to manage costs during the economic recovery [13]. - The Group's strategic initiatives include streamlining operations to adapt to the challenging market conditions [13]. Shareholder Information and Governance - The Group did not recommend any interim dividend for the six months ended 30 September 2025, compared to HK$4.0 cents per ordinary share in the previous year [47]. - The Company confirmed compliance with the Corporate Governance Code throughout the period, maintaining high standards of governance practices [71]. - There were no significant transactions or contracts involving Directors or controlling shareholders were reported during the period [66][70]. Segment Information - Segment revenue for Structural Engineering Works was HK$195,283,000, while revenue from Supply, Installation and Trading of Building Material Products was HK$22,428,000, totaling HK$217,711,000 for the six months ended September 30, 2025 [99]. - Segment profit for Structural Engineering Works was HK$20,987,000, and for Supply, Installation and Trading of Building Material Products it was HK$2,440,000, resulting in a total segment profit of HK$23,427,000 [99]. Cash Flow and Investments - Net cash used in operating activities for the six months ended September 30, 2025, was HK$28,465,000, compared to net cash generated of HK$16,527,000 in 2024, reflecting a negative change of HK$45,000,000 [84]. - Cash and cash equivalents at the end of the period on September 30, 2025, were HK$68,652,000, down from HK$132,701,000 at the end of September 30, 2024, a decrease of 48.3% [84]. - The company reported a net cash outflow from investing activities of HK$3,360,000 for the six months ended September 30, 2025, compared to a net inflow of HK$2,807,000 in 2024 [84]. Compliance and Legal Matters - The company has established an audit committee to ensure compliance with applicable accounting standards and adequate disclosures [73]. - There are no pending legal cases with material claims against the Group as of September 30, 2025 [152]. - No provisions have been made for the Group's obligations under guarantees, as it is unlikely that the bank will claim losses [151].

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: 應力控股有限公司 呈交日期: 2025年12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) | 02663 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.01 | HKD | | 20,000,000 | 本月底法定/註冊股本總額： HKD 20,000,000 F ...

Group 1 - The core viewpoint of the article is that the company, Stress Holdings (02663), reported a significant decline in its financial performance for the six months ending September 30, 2025, with revenues of HKD 218 million, a year-on-year decrease of 43.8% [1] - The net profit for the period was HKD 11.635 million, reflecting a year-on-year decline of 53.6% [1] - The basic earnings per share were reported at HKD 0.0209 [1] Group 2 - The substantial drop in the company's revenue is attributed to delays in the overall planning of several projects and a downturn in the construction market [1]

Group 1 - The core viewpoint of the article highlights that Stress Holdings (02663) reported a significant decline in its mid-term performance, with net profit dropping by 53.6% year-on-year [1] - The company's revenue for the six months ending September 30, 2025, was HKD 218 million, representing a year-on-year decrease of 43.8% [1] - Basic earnings per share for the period were HKD 0.0209 [1] Group 2 - The decline in revenue is attributed to delays in the overall planning of several projects and a downturn in the construction market [1]

Group 1 - The core viewpoint of the article is that Stress Holdings (02663.HK) reported a significant decline in its interim performance for the six months ending September 30, 2025, with revenues dropping by approximately 43.8% compared to the previous period [1] - The company's revenue for the period was approximately HKD 218 million, down from about HKD 388 million, indicating a decrease of around HKD 170 million [1] - The decline in revenue is attributed to delays in the overall planning of several projects and a downturn in the construction market [1] Group 2 - The company's profit for the period decreased by approximately HKD 13.5 million to HKD 11.64 million [1] - This profit reduction was primarily due to a decrease in gross profit of about HKD 21.3 million, which was partially offset by a reduction in administrative and other operating expenses of approximately HKD 5.1 million [1]

Financial Performance - Revenue for the six months ended September 30, 2025, was HKD 217,711,000, a decrease of 43.7% compared to HKD 387,480,000 for the same period in 2024[3] - Gross profit for the same period was HKD 35,875,000, down 37.4% from HKD 57,190,000 in 2024[3] - Profit before tax was HKD 14,789,000, a decline of 51.8% compared to HKD 30,707,000 in the previous year[3] - Net profit for the period was HKD 11,635,000, representing a decrease of 53.7% from HKD 25,085,000 in 2024[3] - The company reported a profit before tax of HKD 14,789,000 for the six months ended September 30, 2025, compared to HKD 30,707,000 for the same period in 2024, indicating a decrease of approximately 51.8%[12][16] - Earnings per share for the six months ended September 30, 2025, were HKD 11,635, a decrease from HKD 25,085 for the same period in 2024, representing a decline of approximately 53.7%[20] Assets and Liabilities - Total assets as of September 30, 2025, were HKD 350,009,000, down from HKD 413,336,000 as of March 31, 2025[4] - Current liabilities decreased to HKD 114,805,000 from HKD 169,937,000 as of March 31, 2025[4] - Trade receivables decreased to HKD 102,936,000 as of September 30, 2025, down from HKD 126,249,000 as of March 31, 2025, a decline of about 18.4%[23] - Trade payables decreased to HKD 48,829,000 as of September 30, 2025, compared to HKD 70,506,000 as of March 31, 2025, reflecting a reduction of approximately 30.9%[26] - Contract liabilities decreased to HKD 25,592,000 as of September 30, 2025, down from HKD 42,437,000 as of March 31, 2025, representing a decline of approximately 39.7%[22] - The net amount of retention receivables decreased to HKD 36,241,000 as of September 30, 2025, from HKD 42,115,000 as of March 31, 2025, a decrease of about 14.0%[24] Cash Flow and Dividends - Cash and cash equivalents at the end of the period were HKD 68,652,000, down from HKD 119,966,000 at the beginning of the period[7] - Operating cash flow for the six months was a net outflow of HKD 28,465,000, compared to a net inflow of HKD 16,527,000 in 2024[7] - The company paid dividends of HKD 16,708,000 during the period, down from HKD 44,554,000 in the previous year[7] - The company did not declare an interim dividend for the six months ended September 30, 2025, compared to an interim dividend of HKD 0.04 per share totaling HKD 22,277,200 for the same period in 2024[18] - No interim dividend will be paid for the six months ending September 30, 2025, compared to a dividend of 4.0 HKD cents per share for the six months ending September 30, 2024[54] Business Operations - The company continues to focus on structural engineering and the supply and installation of building materials as its main business activities[8] - The segment profit for structural engineering work was HKD 20,987,000, while the profit for the supply, installation, and sale of building materials was HKD 2,440,000, leading to a total segment profit of HKD 23,427,000[12] - The company's sales to external customers in the structural engineering segment were HKD 195,283,000, a decrease from HKD 347,449,000 in the previous year, reflecting a decline of approximately 43.8%[12][15] - The sales in the supply, installation, and sale of building materials segment were HKD 22,428,000, down from HKD 40,031,000 in the previous year, representing a decrease of approximately 43.9%[12][15] Investments and Expenses - The group invested approximately HKD 4,303,000 in vehicles, HKD 157,000 in computer equipment, and HKD 3,000 in furniture and fixtures for the six months ended September 30, 2025[21] - The company incurred employee benefits expenses of HKD 40,977,000 for the period, down from HKD 43,645,000 in the previous year, indicating a decrease of approximately 6.1%[16] - Administrative and other operating expenses for the period were approximately HKD 22.6 million, a decrease of about HKD 5.1 million or 18.4% from approximately HKD 27.7 million in the previous period[42] - Financial costs for the period were approximately HKD 0.6 million, a reduction of about 50% from approximately HKD 1.2 million in the previous period[43] Taxation and Compliance - The total tax expense for the period was HKD 3,154,000, down from HKD 5,622,000 in the previous year, reflecting a reduction of approximately 43.9%[17] - The effective tax rate for the period was 21.3%, higher than the previous period's rate of 18.3%, with tax expenses amounting to approximately HKD 3.2 million, down from HKD 5.6 million[44] - The audit committee, composed of four independent non-executive directors, reviewed the unaudited consolidated financial information for the period and found it compliant with applicable accounting standards[66] Corporate Governance and Management - The board members and key executives hold significant interests in the company's shares, with Mr. Ye Baixiong and Mr. Wei Rijian each owning 325,930,000 shares, representing 58.52% of the issued share capital[56] - The company has complied with all corporate governance code provisions during the reporting period and continues to review its governance practices[64] - The group had no significant legal claims pending as of September 30, 2025[35] - There were no major acquisitions or disposals of subsidiaries during the period[52] - There were no purchases, sales, or redemptions of the company's listed shares during the reporting period[61] - The company has not granted any share options under the share option scheme adopted on September 22, 2015, and the share option plan expired on September 21, 2025[60] Other Information - The group did not sell any property, plant, and equipment during the reporting period, maintaining a book value of HKD 108,000 as of March 31, 2025[21] - The group has not pledged any leasehold land and buildings as collateral for bank loans and financing as of September 30, 2025[21] - The total value of new contracts obtained during the period was approximately HKD 297 million, while the total value of uncompleted contracts as of September 30, 2025, was approximately HKD 448 million, down from HKD 619 million in the previous period[39] - The gross profit margin for the period increased to approximately 16.5%, compared to approximately 14.8% in the previous period, due to successful negotiations for compensation on completed projects[41] - As of September 30, 2025, the current ratio improved to approximately 3.0, compared to 2.4 as of March 31, 2025, indicating better liquidity management[46] - The debt-to-equity ratio as of September 30, 2025, was 4.2%, down from approximately 5.0% as of March 31, 2025, due to the settlement of certain lease liabilities[48] - There were no significant events affecting the group from September 30, 2025, until the announcement date[55]