致：香港交易及結算所有限公司 公司名稱: 萬順瑞強集團有限公司 (於開曼群島註冊成立的有限公司) 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 呈交日期: 2026年2月6日 截至月份: 2026年1月31日 狀態: 新提交 I. 法定/註冊股本變動 第 2 頁 共 10 頁 v 1.2.0 | 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) | 08427 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 125,000,000 | HKD | | 0.8 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 125,000,000 | HKD | | 0.8 HKD | | 10 ...

Core Viewpoint - Wanshun Ruiqiang Group (08427) reported a revenue of 18.905 million MYR for the six months ending November 30, 2025, reflecting a year-on-year growth of 22% and a net profit of 0.789 million MYR, which is a 9.3% increase compared to the previous year [1] Financial Performance - Revenue for the period reached 18.905 million MYR, marking a 22% increase year-on-year [1] - Net profit amounted to 0.789 million MYR, showing a growth of 9.3% compared to the same period last year [1] - Basic earnings per share were reported at 4.83 sen MYR [1] Business Segment Performance - The increase in revenue is primarily attributed to the manufacturing and trading of precast concrete junction boxes, driven by higher sales of customized precast concrete junction boxes during the period [1]

Core Viewpoint - Wanshun Ruqiang Group (08427) reported a revenue of 18.905 million MYR for the six months ending November 30, 2025, reflecting a year-on-year growth of 22% and a net profit of 0.789 million MYR, which is a 9.3% increase compared to the previous year [1] Group 1 - The increase in revenue is primarily attributed to the growth in the manufacturing and trading of precast concrete junction boxes, driven by higher sales of customized precast concrete junction boxes during the period [1] - Basic earnings per share for the period stood at 4.83 sen MYR [1]

萬順瑞強集團有限公司 (Incorporated in Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） （Stock Code 股份代號：8427） NOTIFICATION LETTER 通知信函 Dear Registered Shareholder(s) WS-SK Target Group Limited (the "Company") – Notice of publication of Interim Report 2026 (the "Current Corporate Communication") The English and Chinese versions of the Company's Current Corporate Communications are now available on the Company's website at www.sktargetgroup.com and the website of The Stock Exchange of Hong Kong Limited (the "Sto ...

WS-SK TARGET GROUP LIMITED 萬順瑞強集團有限公司 (Incorporated in Cayman Islands with limited liability) （於開曼群島註冊成立的有限公司） （Stock Code 股份代號：8427） NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder(s)(Note 1) , 如 閣下因任何理由無法以電子郵件方式收取或閱覽公司通訊的網站版本，及欲索取本次及將來公司通訊的印刷本，請填妥及簽署隨附之申請表格，並以 郵寄標籤寄回本公司之香港股份過戶登記分處（「股份過戶登記分處」）卓佳證券登記有限公司 （地址為香港夏慤道16號遠東金融中心17樓）（如在香港 投寄毋須貼上郵票），或電郵至 8427-ecom@vistra.com。本公司會因應 閣下之要求立即寄上公司通訊的印刷本，費用全免。 作為非登記股東，如 閣下欲以電子方式收取本公司的公司通訊 （附註 2 ） ， 閣下應聯絡代 閣下持有股份的銀行、經紀、託管商、代理人或香港中央結算 （代理人）有限公司（統稱「中介公司」），並向 閣下的中介 ...

Financial Performance - For the six months ended November 30, 2025, the Company reported revenue of RM 18,905,000, an increase of 21.5% compared to RM 15,494,000 in the same period of 2024[14]. - Gross profit for the same period was RM 5,446,000, reflecting a growth of 26.3% from RM 4,311,000 in 2024[15]. - Profit before taxation increased to RM 1,406,000, up 3.9% from RM 1,353,000 in the previous year[15]. - Profit for the period from continuing operations was RM 789,000, compared to RM 747,000 in the same period last year, marking a 5.6% increase[15]. - Total comprehensive income for the period increased to RM 628,000, compared to RM 254,000 in the previous year, representing a growth of 147.2%[16]. - Basic earnings per share from continuing operations rose to 4.83 RM cents, up from 4.77 RM cents, reflecting a 1.3% increase[16]. - The company reported a profit for the period of RM 789,000, compared to RM 722,000 in the previous year, an increase of 9.3%[20]. Expenses and Costs - Administrative expenses rose to RM 2,710,000, up from RM 2,516,000, indicating a 7.7% increase year-over-year[15]. - Selling and distribution expenses increased to RM 1,213,000, compared to RM 899,000 in the previous year, representing a 35% rise[15]. - Finance costs increased to RM 104,000 from RM 46,000, showing a significant rise of 126.1%[15]. - Cost of inventories recognized as an expense was RM 8,390,000, compared to RM 7,338,000 in the prior year, representing an increase of approximately 14.4%[51]. - Staff costs, excluding directors' remuneration, amounted to RM 2,471,000, up from RM 2,154,000, indicating a rise of about 14.7%[51]. Assets and Liabilities - Non-current assets totaled RM 22,100,000 as of November 30, 2025, a slight decrease from RM 22,395,000 as of May 31, 2025[17]. - Current assets decreased to RM 31,771,000 from RM 32,768,000, indicating a decline of 3%[18]. - Total equity increased to RM 37,336,000 from RM 36,708,000, marking a growth of 1.7%[18]. - Total non-current liabilities decreased to RM 6,064,000 from RM 6,360,000, reflecting a reduction of 4.6%[18]. - The Group's total liabilities as of November 30, 2025, are RM10,101,000, compared to RM11,280,000 as of May 31, 2025[79]. Cash Flow - Net cash generated from operating activities for the six months ended 30 November 2025 was RM 3,161,000, compared to a cash used of RM 1,141,000 in the same period of 2024[21]. - Net cash used in investing activities was RM 1,706,000 for the six months ended 30 November 2025, a decrease from RM 1,930,000 in the previous year[21]. - Net cash used in financing activities amounted to RM 407,000 for the six months ended 30 November 2025, compared to a cash generated of RM 198,000 in the same period of 2024[22]. - The total cash and cash equivalents at the end of the period was RM 22,181,000, a decrease from RM 23,432,000 in the previous year[22]. Market and Operations - The company is engaged in manufacturing and trading precast concrete junction boxes and providing mobile crane rental services in Malaysia, as well as operating an e-commerce platform in China[25]. - The Group manufactures precast concrete junction boxes for telecommunication and electrical infrastructures, which are used in various construction projects in Malaysia[94]. - The Group has been a registered supplier for notable telecommunication companies since 2008 and for Tenaga National Bhd. since 2012, enhancing its market position[95]. - The Group has entered the e-commerce platform business following the acquisition of Shenzhen Wanshun eCar Cloud Tech & Information Co., Ltd., contributing approximately RM70,000 in revenue during the period[105]. Share Capital and Dividends - The company did not recommend the payment of a dividend for the six months ended 30 November 2025, consistent with the previous year[66][68]. - The Group's issued and fully paid share capital as of November 30, 2025, is RM13,081,000, with a total of 16,352,000 shares issued[85]. - The Group entered into an agreement to acquire 1% of the registered capital of a target company for a total consideration of HK$34 million, to be settled through the issuance of promissory notes[121]. Taxation - For the six months ended 30 November 2025, the Malaysia corporate income tax was calculated at a statutory rate of 24%, resulting in a tax expense of RM 617,000, compared to RM 606,000 for the same period in 2024[55][56]. - The Hong Kong Profits Tax for the six months ended 30 November 2025 was calculated at a rate of 16.5%, with no assessable profits leading to no tax provision for the period[57][58]. Risks and Compliance - The Group is exposed to credit risk and liquidity risk due to reliance on cash inflow from customers[173]. - The Group faces operational risks due to fluctuations in raw material prices, which may adversely impact financial results[172]. - The Company has complied with the Corporate Governance Code, except for the separation of roles between the chairman and CEO[179]. - The Company has complied with relevant laws and regulations that significantly impact its operations during the reporting period[193].

Financial Performance - The company reported revenue of HKD 18,905,000 for the six months ending November 30, 2025, representing an increase from HKD 15,494,000 in the same period last year, which is a growth of approximately 21.5%[5] - Gross profit for the same period was HKD 5,446,000, up from HKD 4,311,000, indicating a year-over-year increase of about 26.3%[5] - The company achieved a profit before tax of HKD 1,406,000, compared to HKD 1,353,000 in the prior year, marking a growth of about 3.9%[5] - The net profit attributable to shareholders from continuing operations was HKD 789,000, compared to HKD 747,000 in the previous year, showing an increase of approximately 5.6%[5] - The company reported a comprehensive income total of 628 thousand HKD for the six months ended November 30, 2025, which includes a profit of 789 thousand HKD[9] - The group reported a pre-tax profit of 8,390 thousand Ringgit for the six months ending November 30, 2025, compared to 7,338 thousand Ringgit for the same period in 2024, representing a year-over-year increase of approximately 14.4%[25] - The group recorded a net profit of approximately 789,000 MYR for the six months ended November 30, 2025, due to a focus on higher-margin precast junction boxes and ongoing cost control[55] Expenses and Costs - The company incurred a selling and distribution expense of HKD 1,213,000, compared to HKD 899,000 in the previous year, reflecting a rise of approximately 35%[5] - The company’s administrative expenses were HKD 2,710,000, compared to HKD 2,516,000 in the previous year, reflecting an increase of about 7.7%[5] - Employee compensation costs, including salaries and other benefits, increased to 2,285 thousand Ringgit in 2025 from 2,032 thousand Ringgit in 2024, reflecting a growth of about 12.4%[25] - The company incurred interest expenses of 22 thousand Ringgit for the six months ending November 30, 2025, compared to 4 thousand Ringgit in the previous year, indicating a significant increase in financing costs[24] - Sales and distribution expenses rose by approximately 34.93%, from about 899,000 MYR to about 1.2 million MYR[54] Assets and Liabilities - The total assets amounted to 43,400 thousand, reflecting a stable financial position[8] - The total liabilities were reported at 22,100 thousand, which is a slight decrease from 22,395 thousand[7] - The net value of current assets was 31,771 thousand, showing a decrease from 32,768 thousand, suggesting a need for closer asset management[7] - The company reported a total of 10,101 thousand in current liabilities, down from 11,280 thousand, indicating better management of short-term obligations[7] - The company’s total equity stood at 37,336 thousand, compared to 36,708 thousand, indicating a positive trend in shareholder equity[8] Cash Flow - Cash and cash equivalents increased to 4,681 thousand, compared to 4,054 thousand in the previous period, indicating improved liquidity[7] - The net cash generated from operating activities for the six months ended November 30, 2025, was 3,161 thousand HKD, compared to a net cash used of (1,141) thousand HKD in the previous year[10] - The net cash used in investing activities for the six months ended November 30, 2025, was (1,706) thousand HKD, compared to (1,930) thousand HKD in the previous year[10] - The cash and cash equivalents at the end of November 30, 2025, were 22,181 thousand HKD, down from 23,432 thousand HKD in the previous year[11] Market and Business Strategy - The company is focused on expanding its market presence and enhancing its product offerings, although specific new products or technologies were not detailed in the report[5] - The increase in revenue was primarily driven by higher sales of customized precast concrete junction boxes during the reporting period[50] - The group has diversified its business portfolio by entering the e-commerce platform sector, generating approximately 70,000 MYR in revenue during the period[51] - The company plans to use the net proceeds of approximately 4,239,880 HKD from a subscription agreement for general working capital[44] - The company is focused on expanding its market reach and exploring potential mergers and acquisitions[100] Shareholder Information - The basic earnings per share (EPS) from continuing operations was 4.83, up from 4.77, indicating a growth in profitability[6] - The company reported a total of 16,351,632 ordinary shares outstanding for the calculation of basic earnings per share, an increase from 15,666,591 shares in the previous year[31] - Major shareholders include Loh Swee Keong with 17.80% and Li Mingfeng with 16.67% of the shares[77] - As of November 30, 2025, the directors and key executives hold 2,911,200 shares, representing 17.80% of the company's issued share capital[75] Compliance and Governance - The company has complied with all relevant laws and regulations that significantly impact its operations as of November 30, 2025[94] - The audit committee, consisting of three members, has reviewed the company's financial statements and confirmed compliance with applicable standards and GEM listing rules[99] - The board emphasizes the importance of corporate governance and compliance[100] Risks and Challenges - The group faces significant operational risks related to competition and overall economic conditions affecting construction projects[84] - The group relies on cash inflows from customers to meet payment obligations to suppliers, exposing it to credit and liquidity risks[86] - The group monitors foreign currency risks closely, as fluctuations in the Malaysian Ringgit can impact financial performance and dividend payments[80]

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12月31日 狀態: 新提交 致：香港交易及結算所有限公司 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) | 08427 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 125,000,000 | HKD | | 0.8 HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 125,000,000 | HKD | | 0.8 HKD | | 100,000,000 | 本月底法定/註冊股本總額： HKD 100,000,000 第 1 頁 共 10 頁 ...

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佈的內容概不負責，對其準確 性或完整性亦不發 表任何聲明，並明確表示，概不對因本公佈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。 WS-SK TARGET GROUP LIMITED 萬順瑞強集團有限公司 ( 於開曼群島註冊成立之有限公司 ) (股份代號: 8427) 董事會會議通告 萬順瑞強集團有限公司（「本公司」，連同其附屬公司統稱「本集團」）董事（「董事」） 會（「董事會」）謹此宣佈，本公司將於2026 年1 月14 日（星期三）下午三時正舉行董事會 會議，以商議下列事項： 承董事會命 萬順瑞強集團有限公司 主席兼執行董事 Loh Swee Keong 香港，2025年12月29日 於本公佈日期 ， 董事會包括一名執行董事 ， 即 Loh Swee Keong 先生 ， 以及三名獨立非執行董 事 ， 即邱家禧先生 、 馬希聖先生及丘嘉滎女士 。 本公佈載有根據 GEM 上市規則規定而提供有關本公司的資料 ， 董事願就本公佈共同及個別承 擔全部責任 。 董事在作出一切合理查詢後確認 ， 就其所深知及確信 ， 本公佈所載資料在 ...

Core Viewpoint - The company, Wanshun Ruqiang Group, has adjusted its acquisition strategy after terminating a previous deal, entering into a new agreement to acquire 1% of the registered capital of Shenzhen Wanshun Jiao Che Cloud Information Technology Co., Ltd for HKD 34 million, which will be settled through the issuance of promissory notes [1] Group 1 - The buyer, Gallant Empire Limited, is a wholly-owned subsidiary of the company [1] - The target company operates a ride-hailing platform in China [1] - The acquisition is seen as a strategic entry point into the high-growth ride-hailing industry, aligning with the company's long-term goals of diversification, innovation, and value creation [1]