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之內容概不 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之任何損失承擔任何責 任。 WAH WO HOLDINGS GROUP LIMITED 華和控股集團有限公司 （於開曼群島註冊成立的有限公司） 承董事會命 華和控股集團有限公司 主席兼執行董事 陳越華 香 港，2025年11月14日 於 本 公 告 日 期，董 事 會 由 五 名 成 員 所 組 成，其 中 包 括 本 公 司 執 行 董 事 陳 越 華 先 生 及 陳 輝 先 生；以 及 本 公 司 獨 立 非 執 行 董 事 于 志 榮 先 生、丁 昕 女 士 及 楊 耀 民 先 生。 （股份代號：9938） 董事會會議通告 華 和 控 股 集 團 有 限 公 司（「本公司」）董 事 會（「董事會」）茲 通 告 謹 定 於2025年11月 28日（星 期 五）舉 行 董 事 會 會 議，以 考 慮 及 通 過 本 公 司 及 其 附 屬 公 司 截 至2025年 9月30 ...

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: 華和控股集團有限公司 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) | 09938 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | ...

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: 華和控股集團有限公司 截至月份: 2025年9月30日 狀態: 新提交 呈交日期: 2025年10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) | 09938 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本 ...

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8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: 華和控股集團有限公司 呈交日期: 2025年9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) | 09938 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月 ...

華和控股集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9938） 二零二五年八月二十二日舉行之 股東週年大會表決結果 華 和 控 股 集 團 有 限 公 司（「本公司」）欣 然 宣 佈，本 公 司 於 二 零 二 五 年 八 月 二 十 二 日 舉 行 的 股 東 週 年 大 會（「股東週年大會」）上 提 呈 的 所 有 決 議 案 均 以 投 票 方 式 正 式 通 過。投 票 表 決 結 果 如 下： | | | | | | | | | | | | | | | | | | | | | | 票 | 數(%) | | | | | | | 普通決議案* | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | | | | | | | | | | | ...

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: 華和控股集團有限公司 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) | 09938 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 10,000,000,000 | HKD | | 0.01 | HKD | | 100,000,000 | 本月 ...

Contents 目錄 Corporate Information | 公司資料 | 2 | | --- | --- | | Chairman's Statement | | | 主席報告 | 4 | | Management Discussion and Analysis | | | 管理層討論與分析 | 6 | | Report of the Directors | | | 董事會報告 | 14 | | Biographies of the Directors and Senior Management | | | 董事及高級管理層履歷 | 29 | | Corporate Governance Report | | | 企業管治報告 | 32 | | Environmental, Social and Governance Report | | | 環境、社會及管治報告 | 46 | | Independent Auditor's Report | | | 獨立核數師報告 | 66 | | Consolidated Statement of Profit or Loss and | | | Other ...

香 港 交 易 及 結 算 所 有 限 公 司 及 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）對 本 公 告 之 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之任何損失 承 擔 任 何 責 任。 WAH WO HOLDINGS GROUP LIMITED 華和控股集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9938） 截 至2025年3月31日止年度之年度業績公告 華 和 控 股 集 團 有 限 公 司（「本公司」）之 董 事（「董 事」）會（「董事會」）欣 然 宣 佈，本 公 司 及 其 附 屬 公 司（統 稱「本集團」）截 至2025年3月31日止年度之經審核綜合年度業 績（「年度業績」）。本 公 告 載 有 本 公 司 截 至2025年3月31日 止 年 度 之 年 報（「年 報」） 全 文，符 合 香 港 聯 合 交 易 所 有 限 公 司（「聯交所」）證 券 上 市 規 則 項 下 有 關 初 步 年 度 業 績 公 告 附 載 的 資 料 ...

Financial Performance - The group's revenue increased by approximately 162,232,000 HKD or about 202.4% to approximately 242,384,000 HKD for the six months ended September 30, 2024, compared to approximately 80,152,000 HKD for the same period in 2023[19]. - The gross profit for the review period was approximately 21,109,000 HKD, an increase of about 115.8% from approximately 9,780,000 HKD for the six months ended September 30, 2023[20]. - The group recorded a net profit of approximately 1,227,000 HKD for the review period, compared to a net loss of approximately 1,615,000 HKD for the same period in 2023[16]. - The profit attributable to the company's owners increased by approximately 176.0% to about HKD 1,227,000, compared to a loss of about HKD 1,615,000 for the six months ended September 30, 2023[26]. - Basic and diluted earnings per share for the period were HKD 0.12, recovering from a loss of HKD 0.16 per share in the previous year[49]. - The group reported a profit before tax of HKD 1,546,000 for the six months ended September 30, 2024, compared to a loss of HKD 1,410,000 for the same period in 2023[77]. Revenue Breakdown - Revenue for the six months ended September 30, 2024, reached HKD 242,384 thousand, a significant increase from HKD 80,152 thousand in the same period of 2023, representing a growth of 202%[49]. - Revenue from residential building construction services reached HKD 236,970,000, up from HKD 65,381,000, marking an increase of 263% year-on-year[69]. - The group’s construction and related services segment generated external revenue of HKD 240,397,000, a substantial increase from HKD 79,436,000 in the prior year[75]. - The company reported external revenue from investment property leasing of HKD 1,987,000, compared to HKD 716,000 in the previous year, reflecting an increase of 177%[75]. Cost and Expenses - The gross profit margin for the review period was approximately 8.7%, down from approximately 12.2% for the six months ended September 30, 2023, due to intense industry competition[20]. - Administrative expenses increased by approximately 35.0% to about HKD 11,271,000, mainly due to higher legal and professional fees and increased employee costs[23]. - Financing costs rose by approximately 483.3% to about HKD 280,000, attributed to the full-period effect of bank borrowings and lease liabilities[25]. - The total cost of construction projects for the six months ended September 30, 2024, was HKD 220,877,000, compared to HKD 70,059,000 in the previous year, indicating a significant rise in project costs[82]. Assets and Liabilities - Total assets as of September 30, 2024, amounted to HKD 269,772 thousand, compared to HKD 333,732 thousand as of March 31, 2024, reflecting a decrease in total assets[51]. - Current liabilities increased to HKD 76,367 thousand from HKD 139,390 thousand, indicating improved liquidity management[51]. - Trade receivables, net of impairment, increased to HKD 70,692,000 as of September 30, 2024, from HKD 36,817,000 as of March 31, 2024[99]. - Trade payables increased significantly to HKD 119,521,000 as of September 30, 2024, compared to HKD 58,833,000 as of March 31, 2024[103]. - The company’s contract assets increased to HKD 59,367,000 as of September 30, 2024, from HKD 39,759,000 as of March 31, 2024, indicating growth in construction services provided[98]. Investment Properties - The investment property leasing segment recorded a profit of approximately 121,000 HKD during the review period, with a total of seven investment properties held by the group[14]. - The fair value loss of investment properties during the review period was approximately HKD 962,000, compared to about HKD 3,346,000 for the six months ended September 30, 2023[21]. - The company recorded a fair value loss on investment properties of HKD 962 thousand, compared to a loss of HKD 3,346 thousand in the previous year, indicating improved performance in this area[49]. - As of September 30, 2024, the group's investment properties were valued at approximately HKD 97,800,000, with bank financing of HKD 92,880,000 secured against these properties[109]. Future Outlook and Strategies - The group plans to adopt more competitive bidding pricing policies and strict cost control measures to achieve reasonable project gross margins in response to market challenges[17]. - The group anticipates that the situation will improve as more investment properties become available for lease in the future[14]. - The overall industry outlook remains challenging due to various factors, including high-interest rates and increased credit risk in the construction sector[17]. - The company has plans for market expansion and new product development, although specific details were not disclosed in the report[54]. Corporate Governance - The board decided not to recommend the payment of an interim dividend for the review period, consistent with the previous period[46]. - The company confirms it has maintained sufficient public float as per listing rules during the review period[144]. - The audit committee, established on December 12, 2019, consists of three independent non-executive directors to oversee internal controls and financial reporting[145]. - The mid-term financial performance has been reviewed and approved by the audit committee, ensuring compliance with applicable accounting standards and regulations[147]. - The board of directors is composed of five members, including executive and independent non-executive directors, ensuring a balance of experience and independence[148]. - The company expects to continue adhering to the corporate governance code to protect shareholders' best interests[139].

Financial Performance - For the six months ended September 30, 2024, the total contract amount for ongoing projects was approximately HKD 804.7 million, with confirmed revenue totaling about HKD 416.7 million[12]. - The group recorded a gross profit of approximately HKD 21.1 million for the review period, compared to HKD 9.78 million for the six months ended September 30, 2023, reflecting a significant increase[13]. - The gross profit margin for the review period was approximately 8.7%, down from 12.2% for the same period last year[13]. - Revenue increased by approximately HKD 162,232,000 or about 202.4% to approximately HKD 242,384,000 during the review period, mainly due to the completion of several projects[18]. - The company reported a net profit of HKD 1,227,000 for the period, a turnaround from a loss of HKD 1,615,000 in the previous year[48]. - Total revenue for the six months ended September 30, 2024, was HKD 242,384,000, a significant increase from HKD 80,152,000 in the same period of 2023, representing a growth of approximately 202%[68]. - Gross profit for the same period was HKD 21,109,000, compared to HKD 9,780,000 in 2023, reflecting a gross margin improvement[48]. Investment Properties - The group currently holds seven investment properties, three of which have been launched in the market after renovation, while four are still undergoing renovations[13]. - The investment property leasing segment recorded a profit of approximately HKD 121,000 during the review period, indicating potential for future growth as more properties become available for lease[13]. - The group aims to enhance its investment property leasing business, which is still in its early stages, with plans for further property acquisitions and renovations[13]. - The group anticipates improved performance in the investment property segment as more properties are completed and leased out in the future[13]. - The total external revenue from investment property leasing was HKD 1,987,000, compared to HKD 716,000 in the previous year, showing an increase of approximately 177%[74]. - The group acquired additional investment properties worth HKD 962,000 during the review period, reflecting ongoing expansion efforts[90]. Costs and Expenses - Administrative expenses rose by approximately 35.0% to about HKD 11,271,000, driven by increased legal and professional fees and higher employee costs[22]. - Financing costs increased by approximately 483.3% to about HKD 280,000 due to the full effect of bank borrowings and lease liabilities during the review period[24]. - Construction costs surged to HKD 220,877,000 from HKD 70,059,000 year-on-year, reflecting increased project activity[81]. Cash Flow and Assets - The group had cash and bank balances totaling approximately HKD 39,833,000 as of September 30, 2024, up from approximately HKD 30,704,000 on March 31, 2024[26]. - The net cash flow from operating activities for the six months ended September 30, 2024, was HKD 29,458,000, compared to a negative cash flow of HKD 20,574,000 for the same period in 2023[57]. - The net cash flow used in investing activities was HKD 26,743,000, compared to HKD 20,682,000 in the previous year, reflecting increased investment activities[57]. - The company reported a net increase in cash and cash equivalents of HKD 1,944,000, with a cash and bank balance of HKD 32,633,000 at the end of the period, compared to HKD 28,441,000 at the end of the same period in 2023[59]. Liabilities and Financial Position - The group’s asset-liability ratio was approximately 5.1% as of September 30, 2024, slightly down from 5.3% on March 31, 2024[31]. - Contingent liabilities related to performance guarantees amounted to approximately HKD 61,383,000 as of September 30, 2024, up from approximately HKD 25,147,000 on March 31, 2024[35]. - The company’s total liabilities increased significantly, indicating a potential shift in financial leverage and operational strategy[104]. - The company’s outstanding loan commitments were HKD 2,000,000 as of September 30, 2024, compared to zero as of March 31, 2024[115]. Employee and Management - The total employee cost for the period was approximately HKD 18,997,000, up from HKD 14,953,000 in the previous year, indicating a 27% increase[43]. - The number of employees increased to 130 as of September 30, 2024, from 90 in the previous year, representing a growth of 44%[43]. - The total compensation for key management personnel was HKD 1,134,000 for the six months ended September 30, 2024, compared to HKD 1,098,000 for the same period in 2023, reflecting an increase of approximately 3.3%[122]. Corporate Governance - The company plans to continue adhering to corporate governance codes to safeguard shareholder interests[138]. - The board believes that the dual role of the chairman and CEO held by Mr. Chen Yuehua enhances effective business planning and decision-making[138]. - The company has adopted and complied with the corporate governance code as per the listing rules during the review period[140]. - The audit committee, established on December 12, 2019, consists of three independent non-executive directors to review internal controls, risk management, and financial reporting[144]. - The interim financial performance for the review period has been reviewed and approved by the audit committee, ensuring compliance with applicable accounting standards and listing rules[146].