FF301 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) 呈交日期: 2025年8月4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 v 1.1.1 股份發行人 ...

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） 有 關 變 更 每 手 買 賣 單 位 的 補 充 公 佈 茲 提 述 萬 順 瑞 強 集 團 有 限 公 司（「本 公 司」）日 期 為2025年8月1日 的 公 佈，內 容 有 關 變 更 每 手 買 賣 單 位（「該 公 佈」）。除 文 義 另 有 所 指 外，本 公 佈 所 用 詞 彙 與 該 公 佈 所 界 定 者 具 相 同 涵 義。 「萬 順 瑞 強 集 團 有 限 公 司（「本 公 司」）董 事（「董 事」）會（「董 事 會」）謹 此 宣 佈，本 公 司 普 通 股（「股 份」）於 香 港 聯 合 交 易 所 有 限 公 司（「聯 交 所」 ...

Group 1 - The company Wanshun Technology Industrial Group Limited has entered into a sale agreement to sell 1% of the registered capital of Shenzhen Wanshun Jiao Che Yun Information Technology Co., Ltd. to Gallant Empire Limited for a total consideration of HKD 34.874 million, to be settled through the issuance of consideration shares [1] - This acquisition aligns with the company's strategic goals of diversification and growth, allowing entry into the ride-hailing industry, which is part of a broader diversification strategy beyond existing business operations [1] - The investment is expected to facilitate deeper collaboration, knowledge transfer, and cross-industry synergies as the company gains a better understanding of the industry and expands the ride-hailing platform's operational scale [1] Group 2 - The investment, although small, positions the company to establish a foothold in a highly innovative and scalable industry with global potential [2] - The company anticipates benefits from future collaboration opportunities, potential synergies, and enhanced brand exposure within the digital economy ecosystem [2]

Group 1 - The company Wanshun Technology Industrial Group Limited has entered into a sale agreement to sell 1% of the registered capital of Shenzhen Wanshun Jiao Che Yun Information Technology Co., Ltd. to Gallant Empire Limited for a total consideration of HKD 34.874 million, to be settled through the issuance of consideration shares [1] - This acquisition aligns with the company's strategic goals of diversification and growth, allowing entry into the ride-hailing industry, which is part of a broader diversification strategy beyond existing business operations [1] - The investment is expected to facilitate deeper collaboration, knowledge transfer, and cross-industry synergies as the company gains a better understanding of the industry and expands the ride-hailing platform's operational scale [1] Group 2 - The investment, although small, positions the company in a highly innovative and scalable industry with global potential [2] - The company anticipates benefits from future collaboration opportunities, potential synergies, and increased brand exposure within the digital economy ecosystem [2]

Group 1 - The company Wan Shun Rui Qiang Group (08427) announced a change in the trading unit of its shares on the Hong Kong Stock Exchange, reducing the trading unit from 1,200 shares to 400 shares [1] - This change will take effect from 9:00 AM on August 22, 2025 [1]

Group 1 - The core announcement is that Wan Shun Rui Qiang Group (08427) will change the trading unit of its shares on the Hong Kong Stock Exchange from 1,200 shares to 400 shares, effective from 9:00 AM on August 22, 2025 [1]

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） 變更每手買賣單位 董 事 會 謹 此 宣 佈 ， 股 份 於 聯 交 所 買 賣 之 每 手 買 賣 單 位 將 由 1,200 股 股 份 變 更 為 400股股份，自2025年8月22日（ 星期五 ）上午九時正起生效。有關變更每手買賣 單位的預期時間表載列於下文正文。 本公司股東可於2025年8月8日（ 星期五 ）上午九時正至2025年9月15日（ 星期一 ） 下午四時三十分（ 包括首尾兩日 ）營業時間內，將其每手買賣單位1,200股現有股 票交回股份過戶登記分處，以免費換領每手買賣單位400股新股票。 萬順瑞強集團有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，本公司 ...

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 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。 本公佈僅供參考，並不構成收購、購買或認購任何證券的邀請或要約。 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） 有關收購目標公司註冊資本 涉及根據一般授權發行代價股份之 須予披露交易 於2025年8月1日（ 交易時段後 ），賣方、目標公司、買方訂立買賣協議，據此， 買方 同 意購 買而 賣 方同 意出 售 銷售 資本 ， 總代 價為 34.874 百 萬 港元 ，將 透 過發 行代價股份之方式結算。 由 於收 購 事項 之 一 項或 多 項適 用 百 分比 率（ 定 義 見GEM 上 市 規則 ）超 過 5 % ，但 全部低於25 %，故收購事項構成本公司之須予披露交易，須遵守申報及公佈規 定，惟獲豁免遵守GEM上市規則所載之股東批准規 ...

Financial Performance - For the six months ended November 30, 2024, the Group reported revenue of RM 15,494,000, an increase of 1.22% compared to RM 15,308,000 in the same period of 2023[14]. - Gross profit for the same period was RM 4,311,000, reflecting a growth of 2.91% from RM 4,189,000 in the previous year[15]. - Profit before taxation decreased slightly to RM 1,353,000, down 5.25% from RM 1,428,000 in the prior year[15]. - Profit for the period from continuing operations was RM 747,000, a marginal increase of 4.05% compared to RM 718,000 in the previous year[15]. - The Group's total profit for the period was RM 722,000, an increase of 25.35% compared to RM 576,000 in the same period of 2023[15]. - For the six months ended November 30, 2024, total comprehensive income was RM 254,000, a decrease of 62.2% compared to RM 672,000 for the same period in 2023[16]. - Basic earnings per share from continuing operations was RM 4.77 cents, down 10.2% from RM 5.31 cents in the previous year[16]. - The company reported a profit for the period of RM 722,000, an increase from RM 576,000 in the previous period[21]. Operational Efficiency - The Company continues to focus on enhancing operational efficiency and exploring new market opportunities to drive future growth[13]. - Administrative expenses decreased to RM 2,516,000, down 8.27% from RM 2,743,000 in the previous year[15]. - Finance costs were reduced to RM 46,000, down 33.33% from RM 69,000 in the previous year[15]. - For the six months ended November 30, 2024, net cash used in operating activities was RM 1,141,000, a decrease from RM 1,346,000 in the same period of 2023, indicating improved operational efficiency[23]. - The company’s cash flow from operating activities remains negative, indicating ongoing challenges in generating cash from core operations[23]. Assets and Liabilities - Non-current assets increased to RM 9,934,000 as of November 30, 2024, up 24.1% from RM 8,006,000 as of May 31, 2024[17]. - Current assets decreased to RM 40,195,000 from RM 42,601,000, reflecting a decline of 5.7%[18]. - Total equity increased to RM 37,789,000 as of November 30, 2024, compared to RM 36,298,000 as of May 31, 2024, representing a growth of 4.1%[18]. - The total non-current liabilities rose to RM 485,000, compared to RM 95,000 in the previous period, indicating a significant increase[18]. - The net current assets remained stable at RM 28,340,000, slightly down from RM 28,387,000[18]. Revenue Segmentation - Segment revenue from manufacturing and trading of precast concrete junction boxes was RM 14,515,000, while revenue from other building materials and services was RM 979,000[45]. - Revenue from the trading of accessories and pipes and mobile crane rental services surged by approximately 43.97%, rising from RM 680,000 to RM 979,000 during the same period[116][118]. - The revenue from the manufacturing and trading of precast concrete junction boxes slightly decreased by approximately 0.77%, from RM 14.6 million to RM 14.5 million, indicating stable demand in Malaysia[113][115]. Cash Flow and Investments - Cash generated from investing activities showed a significant decline, with a net cash outflow of RM 1,930,000 compared to a net inflow of RM 12,000 in the previous year, primarily due to increased purchases of property, plant, and equipment totaling RM 2,479,000[24]. - The total cash and cash equivalents at the end of the period were RM 23,432,000, down from RM 25,951,000 in the previous year, primarily due to a net decrease in cash and cash equivalents of RM 2,873,000[24]. - The company completed the acquisition of 100% equity of the target company for HK$5.5 million on December 2024[134]. - The company entered into a Sale and Purchase Agreement for land use rights at a consideration of approximately RM 7.95 million, with RM 4.68 million already paid as a deposit[142][145]. Share Capital and Equity - The company issued subscription shares amounting to RM 1,237,000 during the period, contributing to the increase in share capital[21]. - The share capital attributable to owners increased to approximately RM 7.3 million as of November 30, 2024, from RM 6.0 million on May 31, 2024[141][144]. - The weighted average number of ordinary shares increased to 15,666,591 for the six months ended November 30, 2024, compared to 13,518,053 in the previous year, representing an increase of approximately 15.9%[68]. Risks and Challenges - The Group's income and profit are significantly denominated in Malaysian Ringgit (RM), exposing it to foreign currency risk[181]. - The Group faces operational risks due to fluctuations in raw material prices, which may adversely impact financial results[191]. - The Group's cash inflow is dependent on prompt settlements from customers, exposing it to credit and liquidity risks[192]. - The Group's ability to pay dividends may be affected by foreign exchange controls and fluctuations in currency values[181]. Corporate Governance - The Board did not recommend the payment of a dividend for the six months ended 30 November 2024, consistent with the previous year[73]. - The company is committed to ensuring accurate reporting and compliance with the Securities and Futures Ordinance (SFO)[177]. - No other interests or short positions in shares or debentures were reported by directors and chief executives as of November 30, 2024[168].

Financial Performance - The company reported a revenue of 15,494 thousand HKD for the six months ending November 30, 2024, compared to 15,308 thousand HKD for the same period in 2023, representing an increase of approximately 1.22%[6]. - Gross profit for the period was 4,311 thousand HKD, up from 4,189 thousand HKD year-over-year, indicating a growth of about 2.92%[6]. - The net profit from continuing operations was 747 thousand HKD, compared to 718 thousand HKD in the previous year, reflecting an increase of approximately 4.04%[6]. - The total comprehensive income for the period was 254 thousand HKD, down from 672 thousand HKD in the same period last year, showing a decline of about 62.25%[9]. - Basic earnings per share from continuing operations was 4.77 cents, compared to 5.31 cents in the previous year, a decrease of approximately 10.18%[9]. - The company incurred a loss of 25 thousand HKD from discontinued operations, compared to a loss of 142 thousand HKD in the previous year, indicating an improvement[6]. - The company reported other income of 506 thousand HKD, down from 609 thousand HKD year-over-year, a decrease of about 16.87%[6]. - Administrative expenses were 2,516 thousand HKD, a decrease from 2,743 thousand HKD in the previous year, reflecting a reduction of approximately 8.27%[6]. - The company experienced a foreign exchange loss of 468 thousand HKD from overseas operations during the period[9]. Assets and Liabilities - Total assets minus current liabilities increased to 38,274 million Ringgit as of November 30, 2024, compared to 36,393 million Ringgit on May 31, 2024[12]. - Non-current liabilities totaled 485 million Ringgit, with lease liabilities accounting for 390 million Ringgit[12]. - Net assets rose to 37,789 million Ringgit from 36,298 million Ringgit[12]. - Current assets reached 42,601 million Ringgit, up from 40,195 million Ringgit[11]. - Cash and cash equivalents decreased to 5,312 million Ringgit from 7,142 million Ringgit[11]. - Inventory increased to 2,072 million Ringgit from 1,800 million Ringgit[11]. - Trade receivables and prepayments amounted to 12,485 million Ringgit, compared to 13,417 million Ringgit previously[11]. - Total equity increased to 37,789 million Ringgit from 36,298 million Ringgit[12]. - Current liabilities decreased to 14,214 million Ringgit from 11,855 million Ringgit[11]. - The company reported a total of 9,934 million Ringgit in non-current assets, up from 8,006 million Ringgit[11]. Cash Flow and Financing - The company reported a net cash outflow from operating activities of RM 1.141 million for the six months ended November 30, 2024, compared to RM 1.346 million in the same period last year[15]. - The company raised RM 605 million through the issuance of new ordinary shares as of November 30, 2024, compared to RM 1,237 million in the previous year[15]. - The company's total liabilities increased to RM 37.789 million as of November 30, 2024, compared to RM 36.452 million in the previous year, reflecting a rise of approximately 3.7%[14]. - The company recorded a foreign exchange loss of RM 468 million for the six months ended November 30, 2024, compared to a gain of RM 96 million in the previous year[14]. - The company's total equity as of November 30, 2024, was RM 36.298 million, a decrease from RM 36.452 million in the previous year, indicating a decline of approximately 0.4%[14]. Revenue Breakdown - For the six months ending November 30, 2024, the group reported total revenue of 15,494 thousand Ringgit, with 14,515 thousand Ringgit from manufacturing and trading, and 979 thousand Ringgit from other building materials and services[27]. - The company’s total revenue from sales of goods was RM 137 million for the six months ended November 30, 2024, compared to RM 158 million in the previous year, indicating a decrease of approximately 13.3%[15]. - Revenue from the manufacturing and trading of precast concrete junction boxes slightly decreased by about 0.77%, from approximately 14.6 million MYR to about 14.5 million MYR during the same periods, indicating strong and stable demand in Malaysia[56]. - Revenue from the parts and pipeline trading, as well as mobile crane rental and ancillary services, increased by approximately 43.97% from about 680,000 MYR for the six months ended November 30, 2023, to about 979,000 MYR for the six months ending November 30, 2024[57]. Operational Highlights - The company is focused on expanding its market presence and enhancing its product offerings in the upcoming quarters[6]. - The company has been a registered supplier for major telecommunications companies since 2008, including Celcom Axiata Berhad and Telekom Malaysia, and has been a registered supplier for Tenaga National Bhd since 2012[53]. - The company plans to diversify its existing business portfolio and seek potential investment opportunities to enhance shareholder value[54]. - The company is involved in the manufacturing and sales of precast concrete junction boxes used for telecommunications and electrical infrastructure upgrades and expansions in Malaysia[52]. - The company has entered into a non-binding memorandum of understanding to acquire equity in Wan Shun New Energy Automotive Technology (Wuhan) Co., Ltd.[50]. Shareholder Information - The company’s director, Loh Swee Keong, holds 2,982,750 shares, representing 18.24% of the issued share capital as of November 30, 2024[76]. - Major shareholders include Merchant World Investments Limited and Woon Sow Sum, each holding 18.24% of the company[77]. - Li Mingfeng holds 16.67% of the company's shares, while Greater Elite Holdings Limited, controlled by Loh Feng Yuan, holds 14.38%[77]. Corporate Governance - The company believes that the dual role of the Chairman and CEO is in the best interest of the group, despite deviations from corporate governance guidelines[90]. - The company has adopted a code of conduct for directors' securities transactions, confirming compliance with the relevant trading rules as of November 30, 2024[99]. - The audit committee has reviewed the unaudited condensed consolidated financial statements for the six months ended November 30, 2024, and believes they comply with applicable standards and GEM listing rules[103]. Risks and Challenges - The company faces operational risks related to competition and overall economic conditions affecting construction projects[85]. - The group faces potential adverse impacts on financial performance due to fluctuations in the prices of key raw materials[86]. - The group relies on cash inflows from customers to meet payment obligations to suppliers, facing credit and liquidity risks[87]. - The company will closely monitor foreign currency risks, particularly fluctuations in the Malaysian Ringgit, which could impact financial performance[81].