萬城控股有限公司 MILLION CITIES HOLDINGS 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。 （於開曼群島註冊成立的有限公司） 承董事會命 （股份代號：2892） 內幕消息 — 預期虧損減少 本公司董事（「董事」）會（「董事會」）謹此知會本公司股東（「股東」）及潛在投資者，基 於對本集團截至2025年6月30日止六個月（「2025年中期」）的最新未經審計綜合管理 賬目及2025年中期目前可得資料的初步評估，本集團預期(i)其除稅後虧損將介乎人 民幣100萬元至人民幣500萬元（截至2024年6月30日止六個月（「2024年中期」）：人民 幣6,520萬元）；及(ii)本公司權益股東應佔虧損介乎人民幣50萬元至人民幣500萬元 （2024年中期：人民幣6,170萬元）。 董事會謹此強調，於2024年中期，本公司(a)確認本公司聯營公司的其他應收款項減 值虧損；及(b)就本公司聯營公司的應計利息作出計提。本公司於202 ...

萬城控股有限公司 MILLION CITIES HOLDINGS LIMITED （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。 萬城控股有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此公佈，董事會將於 2025年8月25日（星期一）舉行會議，會議目的，其中包括(i)考慮及批准本公司及其 附屬公司截至2025年6月30日止六個月之中期業績及其發佈，及(ii)考慮分派中期股 息（如有）。 承董事會命 萬城控股有限公司 主席兼執行董事 王庭聰 香港，2025年8月13日 於本公告日期，主席及執行董事為王庭聰先生；執行董事為樓家強先生及李華達先 生；非執行董事為王惠玲女士；獨立非執行董事為葉澍堃先生、李引泉先生及文頴 怡女士。 （股份代號：2892） 董事會會議通告 ...

经审计委员会推荐，董事会进一步宣布，已议决委任香港立信德豪会计师事务所有限公司(立信德豪)为 公司核数师，自2025年8月4日起生效。此项委任旨在填补辞任后的临时空缺，并将持续有效直至公司下 届股东周年大会结束为止。 万城控股(02892)发布公告，由于公司与毕马威会计师事务所未能就截至2025年12月31日止财政年度的 审计费用达成共识，毕马威会计师事务所已辞任公司核数师，自2025年8月1日起生效。 ...

智通财经APP讯，万城控股(02892)发布公告，由于公司与毕马威会计师事务所未能就截至2025年12月31 日止财政年度的审计费用达成共识，毕马威会计师事务所已辞任公司核数师，自2025年8月1日起生效。 经审计委员会推荐，董事会进一步宣布，已议决委任香港立信德豪会计师事务所有限公司(立信德豪)为 公司核数师，自2025年8月4日起生效。此项委任旨在填补辞任后的临时空缺，并将持续有效直至公司下 届股东周年大会结束为止。 ...

格隆汇8月4日丨万城控股(02892.HK)公告，由于公司与毕马威会计师事务所未能就截至2025年12月31日 止财政年度的审计费用达成共识，毕马威会计师事务所已辞任公司核数师，自2025年8月1日起生效。 经审计委员会推荐，董事会进一步宣布，已议决委任香港立信德豪会计师事务所有限公司为公司核数 师，自2025年8月4日起生效。此项委任旨在填补辞任后的临时空缺，并将持续有效直至公司下届股东周 年大会结束为止。 ...

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。 萬城控股有限公司 MILLION CITIES HOLDINGS LIMITED （於開曼群島註冊成立的有限公司） （股份代號：2892） 核數師變更 董事會與本公司審計委員會（「審計委員會」）亦已確認，除上文所披露者外，本公司 與畢馬威會計師事務所之間並無其他分歧或尚未解決之事宜，亦無任何其他與辭任 有關之事宜須提請本公司股東垂注。 畢馬威會計師事務所尚未就本集團截至2025年12月31日止財政年度的綜合財務報表 開展任何審核程序。董事會深信，換用新核數師不會對本期間綜合財務報表的編製 產生重大影響。 – 1 – 本公告由萬城控股有限公司（「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第13.51(4)條作出。 核數師辭任 本公司董事（「董事」）會（「董事會」）謹此宣佈，由於本公司與畢馬威會計師事務所未 能就截至2025年12月31日止財政年度的審計費用達成共識，畢 ...

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7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: 萬城控股有限公司 呈交日期: 2025年8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) | 02892 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 1,400,000,000 | HKD | | 0.01 | HKD | | 14,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 1,400,000,000 | HKD | | 0.01 | HKD | | 14,000,000 | | 2. 股 ...

Group 1 - The company, Wan Cheng Holdings, announced a transaction involving the acquisition of 25.3% of the issued share capital of Fortune Radiant City Limited for approximately HKD 151 million, to be settled in cash [1] - The company also agreed to subscribe for an additional 16.7% of the enlarged issued share capital of Fortune Radiant City Limited at a price of approximately HKD 120 million [1] - Upon completion of the transactions, the company's equity interest in the target company will increase to approximately 37.7% of the enlarged issued share capital [1] Group 2 - The board of directors recognized the target group's strong ability to generate stable rental income while maintaining land reserves for future development opportunities [2] - The board expressed interest in exploring potential investments in the target group as part of a long-term business expansion strategy [2]

Group 1 - Company announced that its wholly-owned subsidiary, Wancheng Development, entered into a sale and subscription agreement on July 18, 2025, to acquire approximately 25.3% of the issued share capital of Fortune Radiant City Limited for a total consideration of HKD 151 million [1] - The transaction will be settled through cash payment and the transfer of all issued shares of Fortune Brilliant from Wancheng Development to Ms. Wang Liying [1] - Following the completion of the subscription agreement, the equity stake related to the sold shares will decrease from approximately 25.3% to about 21.0%, resulting in the company holding approximately 37.7% of the enlarged issued share capital of the target company [1] Group 2 - The target company is an investment holding company registered in the British Virgin Islands, fully owned by Ms. Wang Liying as of the announcement date [2] - The board of directors recognized the target group's strong capability to generate stable rental income while maintaining land reserves for future development opportunities [2] - The board expressed interest in exploring potential investments in the target group as part of a long-term business expansion strategy, believing that establishing management services represents a strategic opportunity for business diversification [2]

Market Performance - In 2024, the total sales area of commercial housing in China decreased by approximately 12.2% year-on-year to about 974 million sq.m.[20] - The monetary value of commercial housing sales fell by approximately 17.0% year-on-year to around RMB 9.68 trillion[20] - Total investment in the real estate sector in 2024 amounted to approximately RMB 10.0 trillion, representing a year-on-year decrease of about 9.6%[20] - The real estate market in China is expected to gradually stabilize, with a focus on high-quality development rather than rapid growth[30][33] - The management anticipates a gradual recovery in the real estate market, contingent on improved consumer confidence and liquidity conditions[20] Company Financial Performance - The company's revenue for 2024 was RMB 641.6 million, a decrease of 84.5% compared to 2023[16] - The loss attributable to shareholders for 2024 was RMB 99.7 million, compared to a loss of RMB 481.8 million in 2023, reflecting a 796.7% improvement[16] - The loss per share (LPS) for 2024 was RMB 15.18 cents, a decrease of 76.4% from RMB 64.3 cents in 2023[16] - The Group recorded a revenue of approximately RMB 99.7 million for FY2024, representing a decrease of approximately 84.5% compared to last year's sales revenue of RMB 641.6 million[25][52] - The loss attributable to equity shareholders of the Company for FY2024 amounted to approximately RMB 113.8 million, a decrease of 76.4% compared to the loss of RMB 482.3 million for FY2023[25][52] - Revenue from property sales for FY2024 was approximately RMB94.4 million, a decrease of approximately 85.2% compared to RMB637.1 million in FY2023[86] - Gross rental income for FY2024 increased by approximately 17.8% to RMB5.3 million from RMB4.5 million in FY2023, primarily due to higher rental income from carparks and investment properties[87] Cost and Expenses - Cost of sales for FY2024 was approximately RMB116.8 million, representing a decrease of approximately 85.5% from RMB806.1 million in FY2023[90] - The gross loss for FY2024 was approximately RMB17.1 million, a decrease of approximately 89.6% compared to a gross loss of RMB164.5 million in FY2023[91] - Selling expenses for FY2024 decreased by approximately 86.8% to RMB7.6 million from RMB57.3 million in FY2023[94] - Administrative expenses for FY2024 were approximately RMB41.8 million, a decrease of approximately 15.7% from RMB49.6 million in FY2023[101] Debt and Financial Stability - The debt ratio increased to 51.3% in 2024 from 49.2% in 2023, indicating a 2.3% rise[16] - All bank loans at the subsidiary level had been repaid in full by the end of FY2024, indicating improved financial stability[24][28] - The Group's gearing ratio as of December 31, 2024, was Nil, indicating no bank loans were held by subsidiaries[111] - Finance costs for FY2024 were approximately RMB18,000, a decrease of approximately 99.7% from RMB6.4 million in FY2023 due to the repayment of all bank loans[103] Strategic Plans and Market Position - The company plans to focus on market expansion and new product development in response to the ongoing challenges in the real estate sector[20] - The Group plans to continue exploring investment opportunities, including sustainable development projects, to create long-term value for shareholders[31][34] - The Group aims to optimize the housing supply structure and establish a new model for real estate development in response to government policies[30][33] - The Group is exploring potential mergers and acquisitions to enhance its market position and operational capabilities[20] Property Development and Inventory - The aggregated contracted sales value for FY2024 was approximately RMB 181 million, with a total GFA of approximately 26,400 sq.m., primarily from Million Cities Legend Phase 3 and other properties[26][29] - As of December 31, 2024, the total GFA of the Group's land bank was approximately 1,208,981 sq.m., including 348,000 sq.m. of unsold completed properties and 25,612 sq.m. of unsold properties under construction[60][63] - The total unsold completed properties in the land bank is approximately 348,000 sq.m., indicating potential future revenue opportunities[60][63] - The Group's properties held for future development include projects with a planned GFA of 835,369 sq.m., with various completion dates ranging from TBC to 2026[65] - The Group's properties under development include 25,612 sq.m. of GFA, with an estimated completion date between May 2025 and October 2025[68] Management and Governance - Mr. Wong Ting Chung has been the chairman and executive director since November 2016, with over 21 years of experience in property investment and development[186] - Mr. Lau Ka Keung has served as the executive director and CEO since August 2016, responsible for strategic planning and general management[188] - The company has appointed various directors with significant experience across different industries, enhancing its governance and strategic oversight[199] - The leadership team is committed to maintaining high standards of corporate governance and transparency in operations[199] Investment and Loans - The Group granted a loan of RMB96,500,000 to Huizhou Zhongyi Real Estate Co., Ltd with a term of 3 years at an interest rate of 4% per annum[146] - A loan of RMB39,000,000 was granted to Huizhou Shengtaichang Information Consulting Company Limited for a term of 3 years at an interest rate of 3.5% per annum[151] - The Group aims to enhance investment income and profits through the loans granted, which are expected to generate stable revenue streams[154] Impairments and Provisions - The Group's impairment loss on other receivables was RMB 1.3 million in FY2024, reflecting ongoing challenges in the macroeconomic environment[52][54] - The impairment recorded for FY2024 was primarily driven by a drop in prices per square meter due to economic and market factors, leading to decreased selling velocities in the localities of the Group's properties[58][61] - The impairment provision for inventories decreased compared to FY2023, contributing to the reduced losses from both Gold Concept Group and Junhong[162][170]