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: 2026年3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: 光榮建築控股有限公司 (於開曼群島註冊成立的有限公司) 呈交日期: 2026年4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) | 09998 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 15,000,000,000 | HKD | | 0.01 | HKD | | 150,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 15,000,000,000 | HKD | | 0.01 | HKD | ...

KWAN YONG HOLDINGS LIMITED 光榮建築控股有限公司 (Incorporated in the 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：9998) NOTIFICATION LETTER 通知信函 Dear Non-registered Shareholder(s) (Note 1) , Kwan Yong Holdings Limited (the "Company") – Notification of publication of interim report dated 27 February 2026 (the "Current Corporate Communication") Notes: 各位非登記股東 （附註1） ： 光 榮 建 築 控 股 有 限 公 司（「本 公 司」） －刊 發 日 期 為 二 零 二 六 年 二 月 二 十 七 日 的 中 期 報 告（「本 次 公 司 通 訊」） 本 公 司 的 本 次 公 司 通 訊 之 中、 ...

KWAN YONG HOLDINGS LIMITED (Stock Code 股份代號：9998) 18 March 2026 Dear Registered Shareholder, Kwan Yong Holdings Limited (the "Company") – Notification of publication of interim report dated 27 February 2026 (the "Current Corporate Communication") 光榮建築控股有限公司 (Incorporated in the Cayman Islands with limited liability) （ 於 開 曼 群 島 註 冊 成 立 的 有 限 公 司 ） We hereby notify you that the English and Chinese versions of the Current Corporate Communication are now available on the Company's website at www.kwanyong.com.s ...

Financial Performance - Revenue for the six months ended December 31, 2025, was SGD 117,947,000, an increase of 11.5% compared to SGD 105,900,000 for the same period in 2024[7] - Gross profit for the same period was SGD 12,412,000, representing a significant increase of 94.1% from SGD 6,368,000 in 2024[7] - Profit before tax rose to SGD 8,360,000, up from SGD 1,969,000, marking a growth of 324.5% year-over-year[7] - Net profit attributable to shareholders for the period was SGD 6,905,000, compared to SGD 1,976,000 in the previous year, reflecting a growth of 249.5%[7] - Basic and diluted earnings per share for the period were SGD 0.86, compared to SGD 0.25 in the previous year, an increase of 244%[7] - The company reported a pre-tax profit of SGD 8,360,000 for the six months ended December 31, 2025, compared to SGD 1,969,000 for the same period in 2024, representing a significant increase of 324%[16] - The company recorded a profit of SGD 6.9 million for the six months ending December 31, 2025, compared to a profit of SGD 2.0 million for the same period in 2024, reflecting a significant increase[69] Assets and Liabilities - Total assets increased to SGD 204,147,000 as of December 31, 2025, compared to SGD 175,101,000 as of June 30, 2025, indicating a growth of 16.6%[8] - Total liabilities rose to SGD 147,932,000, up from SGD 123,134,000, representing a 20.2% increase[9] - The company's equity increased to SGD 56,215,000 from SGD 51,967,000, reflecting a growth of 8.6%[9] - The company’s total assets amounted to SGD 204,147,000, with total liabilities of SGD 147,932,000, indicating a healthy asset-to-liability ratio[29] - The total current assets as of December 31, 2025, were SGD 185.0 million, up from SGD 155.3 million as of June 30, 2025, while total current liabilities increased to SGD 146.3 million from SGD 121.2 million[72] - The group's debt-to-equity ratio as of December 31, 2025, was 4.6%, down from 5.6% as of June 30, 2025, indicating improved financial stability[73] Cash Flow - Cash and cash equivalents increased significantly to SGD 149,105,000 from SGD 93,710,000, a growth of 59.3%[8] - Operating cash flow before changes in working capital was SGD 8,644,000, up from SGD 2,171,000 in the previous year, indicating a growth of 296%[16] - The net cash generated from operating activities reached SGD 55,810,000, compared to SGD 29,913,000 in the prior year, reflecting an increase of 86%[18] - The company experienced a significant decrease in cash used in investing activities, with a net cash inflow of SGD 123,000 compared to a cash outflow of SGD 3,335,000 in the previous year[18] - The company’s financing activities resulted in a net cash outflow of SGD 538,000, an improvement from SGD 1,112,000 in the prior year[18] - As of December 31, 2025, the group's cash and cash equivalents amounted to SGD 149.1 million, an increase of SGD 55.4 million from SGD 93.7 million as of June 30, 2025[70] Revenue Segmentation - Total revenue from external customers for the construction segment was SGD 117,074,000, contributing to a total revenue of SGD 117,947,000 for the company[29] - The construction segment generated revenue of SGD 117,074,000, up from SGD 105,343,000, reflecting a growth of 11.2%[33] - The construction segment reported a segment profit of SGD 7,704,000, while the property segment generated a profit of SGD 896,000, and the corporate segment incurred a loss of SGD 240,000[29] Expenses - The cost of construction increased to SGD 105,535,000 in 2025 from SGD 99,532,000 in 2024, representing a rise of 6.4%[38] - Employee benefits expenses rose to SGD 9,794,000 in 2025 from SGD 8,866,000 in 2024, an increase of 10.5%[38] - The total employee costs for the six months ending December 31, 2025, were SGD 10.6 million, an increase from SGD 9.4 million in the same period of 2024[83] Dividends - The company declared a dividend of SGD 2,660,000 during the period[12] - The company declared a final dividend of SGD 2,660,000 (equivalent to SGD 0.02 per share) for the fiscal year ending June 30, 2025[42] - The board proposed a final dividend of SGD 0.02 per ordinary share for the fiscal year ending June 30, 2025, totaling SGD 2.66 million, compared to no dividend in the previous period[82] Corporate Governance - The company has fully complied with the corporate governance code, except for a specific provision regarding the separation of roles between the chairman and CEO[104] - The chairman and CEO roles are held by the same individual, Kwan Mei Kam, due to his long-standing involvement in the company since its inception[105] - The company is actively seeking suitable candidates to share the responsibilities of the CEO position[105] - The company aims to maintain high standards of corporate governance to build trust with shareholders and stakeholders[104] Market Outlook - The construction demand in Singapore for 2026 is projected to remain stable, estimated between SGD 47 billion and SGD 53 billion, similar to 2025 levels[61] - The group anticipates stable construction demand in 2026, with total construction demand projected to reach SGD 53 billion, similar to 2025 levels, despite ongoing global economic uncertainties[79] - The Singapore economy grew by 6.9% year-on-year in Q4 2025, with the construction sector's growth slowing to 4.6% due to increased construction volume in both public and private sectors[59] Other Information - The group has not recognized any expected credit losses for trade receivables as of December 31, 2025, due to the absence of significant credit risk[50] - The average settlement period for trade payables is generally 30 to 60 days[52] - The group acquired assets costing SGD 774,000 for the six months ended December 31, 2025, compared to SGD 1,160,000 for the same period in 2024[45] - The group sold assets with a net book value of SGD 91,000, generating a net gain of SGD 58,000 for the six months ended December 31, 2025, compared to a net gain of SGD 89,000 in the same period of 2024[45] - There are no reported interests or potential conflicts of interest from directors or major shareholders in any competing business as of December 31, 2025[93] - The company has adopted a non-competition agreement to prevent potential competition between the group and its major shareholders[94] - The non-competition agreement includes a commitment from the signatories to notify the group of any competitive business opportunities[95] - All independent non-executive directors must approve the exercise of any preferential rights[96] - The company appointed Ms. Wu Kai Ying as the company secretary, who possesses the necessary qualifications and experience for the role[106] - The independent non-executive director Mr. Cao Xian Yu was re-designated as a non-executive director effective December 19, 2025, and resigned as the chairman of the remuneration committee[108] - The audit committee, established on December 17, 2019, is chaired by independent non-executive director Mr. Pang Ting Wu, ensuring compliance with listing rules[109] - The interim consolidated financial statements for the six months ended December 31, 2025, were reviewed by the audit committee and deemed to comply with applicable accounting standards and listing rules[110]

FF301 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) | 09998 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 15,000,000,000 | HKD | | 0.01 HKD | | 150,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 15,000,000,000 | HKD | | 0.01 HKD | | 150,000,000 | 本月底法定/註冊股本總額： HKD 150,000,000 第 1 頁 共 10 頁 v 1.2.0 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: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 ...

Group 1 - The core viewpoint of the article is that Glory Holdings (09998) reported a significant increase in both revenue and net profit for the six months ending December 31, 2025, indicating strong performance driven by increased construction project investments [1] Group 2 - The company reported revenue of approximately 118 million Singapore dollars, representing a year-on-year growth of 11.38% [1] - Net profit reached 6.905 million Singapore dollars, showing a substantial year-on-year increase of 249.44% [1] - Basic and diluted earnings per share were reported at 0.86 Singapore cents [1] - The increase in revenue is attributed to a higher number of construction projects compared to the previous period [1]

Core Viewpoint - Glory Holdings (09998.HK) reported a revenue of SGD 11.8 million for the six months ending December 31, 2025, representing an increase of 11.3% year-on-year [1] Financial Performance - The company recorded a profit of SGD 6.9 million for the six months ending December 31, 2025, compared to a profit of SGD 2 million for the same period in 2024 [1] - Basic and diluted earnings per share were 0.86 cents [1] Revenue Drivers - The increase in revenue is primarily attributed to a higher number of construction projects undertaken compared to the previous period [1]

Group 1 - The core viewpoint of the article is that Glory Holdings (09998) reported a significant increase in both revenue and net profit for the six months ending December 31, 2025, indicating strong performance driven by increased construction project investments [1] Group 2 - The company reported revenue of approximately 118 million Singapore dollars, representing a year-on-year growth of 11.38% [1] - Net profit reached 6.905 million Singapore dollars, showing a substantial year-on-year increase of 249.44% [1] - Basic and diluted earnings per share were reported at 0.86 Singapore cents [1] - The increase in revenue is attributed to a higher number of construction projects compared to the previous period [1]

Financial Performance - Revenue for the six months ended December 31, 2025, was SGD 117,947,000, an increase of 11.5% compared to SGD 105,900,000 for the same period in 2024[3] - Gross profit for the same period was SGD 12,412,000, representing a significant increase of 94.1% from SGD 6,368,000 in 2024[3] - Profit before tax rose to SGD 8,360,000, up 324.5% from SGD 1,969,000 in the previous year[3] - Net profit attributable to shareholders for the period was SGD 6,905,000, compared to SGD 1,976,000 in 2024, marking a 249.5% increase[3] - The overall segment performance showed a profit of SGD 8,360,000 for the construction, property, and corporate segments combined, compared to SGD 1,969,000 in the previous year, indicating a substantial improvement[20] - The group recorded a profit of SGD 6.9 million for the six months ended December 31, 2025, compared to SGD 2.0 million for the same period in 2024[57] Assets and Liabilities - Total assets as of December 31, 2025, amounted to SGD 204,147,000, up from SGD 175,101,000 as of June 30, 2025, reflecting a growth of 16.6%[4] - Total liabilities increased to SGD 147,932,000 from SGD 123,134,000, representing a growth of 20.2%[6] - The total assets of the company increased to SGD 204,147,000 as of December 31, 2025, from SGD 135,879,000 a year earlier, marking an increase of approximately 50%[20] - The company reported a total liability of SGD 147,932,000, up from SGD 94,852,000 in the previous year, which represents a rise of about 56%[20] - The total current liabilities as of December 31, 2025, were SGD 146.3 million, up from SGD 121.2 million as of June 30, 2025[59] Cash Flow and Investments - Cash and cash equivalents increased to SGD 149,105,000 from SGD 93,710,000, indicating a rise of 59.5%[4] - Operating cash flow for the six months was SGD 55,810,000, significantly higher than SGD 29,913,000 in the previous year, an increase of 86.5%[8] - For the six months ended December 31, 2025, the company reported a net cash inflow from investing activities of SGD 123,000, compared to a net cash outflow of SGD 3,335,000 for the same period in 2024[9] - The company experienced a significant increase in cash and cash equivalents, rising to SGD 149,105,000 from SGD 66,651,000 year-over-year, representing a growth of approximately 124%[9] Dividends - The company declared a dividend of SGD 2,660,000 during the period[7] - The company declared a final dividend of HKD 0.02 per ordinary share, totaling HKD 16,000,000 (approximately SGD 2,660,000) for the fiscal year ending June 30, 2025[29] Revenue Segments - Revenue from the construction segment for the six months ended December 31, 2025, was SGD 117,074,000, an increase from SGD 105,343,000 in the same period of 2024, reflecting a growth of about 11%[20] - The group's customer contract revenue for the six months ended December 31, 2025, was SGD 117,947,000, an increase of 11.5% compared to SGD 105,900,000 for the same period in 2024[23] Corporate Governance - The company has fully complied with the corporate governance code during the six-month period ending December 31, 2025, except for the provision C.2.1[76] - The company believes that good corporate governance is key to gaining and maintaining the trust of shareholders and stakeholders[76] - The company has disclosed changes in director information as required by listing rules, including the appointment and resignation of committee members[75] - The company’s board consists of executive directors, non-executive directors, and independent non-executive directors, ensuring a diverse governance structure[82] Market Outlook - The construction industry in Singapore is projected to grow by 5.2% in 2025, slightly down from 5.4% in 2024[47] - The Ministry of Trade and Industry has revised Singapore's GDP growth forecast for 2026 from 1.0%-3.0% to 2.0%-4.0%[48] - The total construction demand in Singapore for 2026 is expected to remain stable, estimated between SGD 47 billion and SGD 53 billion[49] - The total construction demand in Singapore is projected to reach SGD 53 billion in 2026, remaining stable compared to 2025 levels[67] Employee Costs - The total employee costs for the six months ended December 31, 2025, were SGD 10.6 million, compared to SGD 9.4 million for the same period in 2024[69] Financial Ratios - The debt-to-equity ratio was 4.6% as of December 31, 2025, a decrease from 5.6% as of June 30, 2025[60] - The group's current ratio remained stable at 1.3 as of December 31, 2025, consistent with the ratio as of June 30, 2025[59] Other Financial Information - Interest income for the six months ended December 31, 2025, was SGD 798,000, compared to SGD 520,000 in the same period of 2024, showing an increase of approximately 53%[20] - The company incurred financing costs of SGD 70,000 for the current period, down from SGD 94,000 in the previous year, indicating a reduction of about 26%[20] - The company has no significant contingent liabilities or capital commitments as of December 31, 2025[61][63]

Group 1 - The company, Glory Holdings (09998.HK), announced a board meeting scheduled for February 27, 2026, to consider and approve its unaudited interim results for the six months ending December 31, 2025, along with the potential declaration of an interim dividend, if any [1]