(incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) (stock code 股份代號: 00659) NOTIFICATION LETTER 通知信函 Dear Non-registered Holder(s) (Note 1) , CTF Services Limited (the "Company") - Notice of publication of the Interim Report for the six months ended 31 December 2025 (the "Current Corporate Communication") on the Company's website The English and Chinese versions of the Company's Current Corporate Communication are now available on the Company's website at www.ctfs.com.hk and the HKEXnews websi ...

Financial Performance - Revenue for the six months ended December 31, 2025, was HKD 12,826.8 million, an increase of 5.9% from HKD 12,109.7 million in 2024[11]. - Profit attributable to shareholders for the same period was HKD 1,334.3 million, up 15.2% from HKD 1,157.6 million in 2024[11]. - Adjusted EBITDA for the six months was HKD 3,591.4 million, slightly increasing from HKD 3,556.8 million in 2024[11]. - The group's attributable operating profit increased by 3% year-on-year to HKD 2.2839 billion for the six months ending December 31, 2025[15]. - Attributable net profit for shareholders rose by 15% year-on-year to HKD 1.3343 billion, primarily due to the absence of losses related to the sale of Hyva III B.V. and a decrease in fair value losses on investment properties[15]. - Basic earnings per share grew by 14% to HKD 0.30[19]. - Operating profit for the period was HKD 1,844.9 million, slightly down from HKD 1,846.6 million, indicating a marginal decrease of 0.1%[74]. - The company reported a total comprehensive income of HKD 2,161.3 million for the period, compared to HKD 1,075.2 million in the previous year, representing a growth of 101.5%[75]. Assets and Liabilities - Total assets as of December 31, 2025, reached HKD 182,161.2 million, compared to HKD 172,895.6 million as of June 30, 2025[11]. - Total liabilities rose to HKD 140,976.6 million as of December 31, 2025, compared to HKD 133,013.9 million as of June 30, 2025, reflecting an increase of 5.9%[78]. - The company’s financial liabilities related to insurance contracts increased to HKD 85,788.6 million as of December 31, 2025, up from HKD 77,481.8 million as of June 30, 2025, a rise of 10.8%[78]. - The company’s total borrowings as of December 31, 2025, amount to HKD 34,729.5 million, slightly down from HKD 34,861.8 million as of June 30, 2025[151]. Debt and Financing - Net debt ratio improved to 34% as of December 31, 2025, down from 37% as of June 30, 2025[11]. - The average borrowing cost decreased to approximately 4.0%, down from about 4.2% in the previous year, reflecting a decline in Hong Kong Interbank Offered Rate[19]. - The company issued 0.75% exchangeable bonds in October 2025 to enhance financial flexibility and support future growth plans[16]. - The company issued HKD 850 million convertible bonds at a coupon rate of 2.8% in July 2025, with a maturity date in January 2027[153]. Dividends - The company declared an interim dividend of HKD 0.28 per share, a 3% increase on a comparable basis from HKD 0.30 per share in 2024[11]. - The group declared an interim ordinary dividend of HKD 0.28 per share, representing an increase of approximately 3% year-on-year, with total interim dividends rising by about 6% to HKD 1.27 billion[24]. - The company declared a final dividend of HKD 1.4225 billion for the fiscal year 2025, an increase from HKD 1.3991 billion for the previous fiscal year[158]. Strategic Initiatives - The company continues to focus on financial services and logistics as core growth drivers, aiming for sustainable and compound growth[7]. - Future strategies include enhancing collaboration with supply chain partners and assessing climate-related risks to adapt to regulatory changes[8]. - The company is well-prepared to seize new opportunities and create long-term sustainable value for shareholders[8]. - The company plans to expand its insurance business as a core pillar of its comprehensive wealth management strategy, targeting high-net-worth clients with customized wealth preservation solutions[58]. Insurance Business Performance - Annualized premium income for Chow Tai Fook Life Insurance increased by 48% to HKD 2,287.8 million, driven by strong market demand and an attractive product mix[34]. - The new business value rose by 39% to HKD 733.3 million, with the new business value margin increasing from 27% in the first half of 2025 to 32%[36]. - The insurance business reported a contract service margin of HKD 664.6 million for the six months ended December 31, 2025, up from HKD 570.2 million in 2024, indicating a year-on-year increase of about 16.5%[107]. Logistics and Construction - The group completed the acquisition of a logistics property in Dongguan and three additional logistics properties in the Yangtze River Delta region, expanding its logistics asset portfolio[16]. - The logistics segment's attributable operating profit decreased by 14% to HKD 331.8 million compared to HKD 387.8 million in 2024[31]. - The construction segment's attributable operating profit decreased by 21% year-on-year to HKD 310 million, primarily due to lower project gross margins and the absence of expected credit loss reversals from the previous year[47]. - Total revenue from construction services provided to related parties amounted to HKD 815.1 million for the six months ended December 31, 2025, compared to HKD 72.1 million in the same period of 2024, representing an increase of 1,030%[165]. Market Outlook - The company remains optimistic about high-end logistics properties in affluent regions, particularly in the Greater Bay Area and Yangtze River Delta, due to improving manufacturing and e-commerce environments[61]. - The company anticipates a gradual economic recovery in mainland China, but the toll road industry faces ongoing uncertainties that may lead to revenue fluctuations[55]. - The financial services segment is expected to benefit from increasing demand from mainland Chinese travelers and cross-border wealth management, with a focus on insurance products providing long-term returns[57]. Corporate Governance - The audit committee, composed of three independent non-executive directors, reviewed the group's financial reporting procedures and risk management systems[193]. - The company’s external auditor, PwC, reviewed the interim financial statements in accordance with the Hong Kong Institute of Certified Public Accountants' standards[193].

(incorporated in Bermuda with limited liability) (於百慕達註冊成立之有限公司) (stock code 股份代號: 00659) NOTIFICATION LETTER 通知信函 Dear Registered Shareholders, 12 March 2026 CTF Services Limited (the "Company") - Notice of publication of the Interim Report for the six months ended 31 December 2025 (the "Current Corporate Communication") on the Company's website The English and Chinese versions of the Company's Current Corporate Communication are now available on the Company's website at www.ctfs.com.hk and the HKEXnews we ...

Core Viewpoint - Chow Tai Fook's mid-term performance for the fiscal year 2026 is solid, showcasing robust financial results and a strong underlying asset logic [1] Financial Data Summary - Shareholders' profit reached HKD 1.334 billion, a year-on-year increase of 15% [2] - The company declared an interim dividend of HKD 0.28 per share, marking a 3% increase compared to the same period last year, with a total dividend amount of HKD 1.27 billion, up 6% [2] - The net debt ratio decreased from 39% to 34%, and short-term debt significantly reduced from HKD 9.4 billion to HKD 6.8 billion, indicating positive financial optimization [2] - As of December 31, 2025, the total available liquid funds amounted to approximately HKD 31 billion [2] Business Segment Analysis - **Financial Services Segment**: This segment showed remarkable growth, with operating profit increasing by 19% to HKD 729 million. Chow Tai Fook Life Insurance's annualized premium surged by 48% to HKD 2.288 billion, and new business value grew by 39% to HKD 733 million [3] - **Logistics Segment**: Despite short-term pressures, the company is expanding its logistics portfolio, acquiring multiple properties to enhance cash flow and returns, with a total rental area of approximately 14.5 million square feet [4] - **Other Segments**: The road segment saw a 1% increase in operating profit to HKD 771 million, while the facilities management segment reported an 11% increase in EBITDA [4] Capital Operations and Market Outlook - The company issued low-interest exchangeable bonds worth HKD 2.218 billion in October 2025, showcasing innovative financing strategies [5] - Chow Tai Fook was re-included in the Hang Seng Composite Index and the Hong Kong Stock Connect, which is expected to enhance stock liquidity [5] Institutional Perspectives - Major banks have given positive ratings post-earnings release, with HSBC raising profit forecasts and maintaining a target price of HKD 10.1, while CITIC Lyon increased its target price to HKD 11.5, citing the potential for valuation re-evaluation [6][7] Conclusion - Chow Tai Fook's mid-term performance is characterized by strong financial results, with significant contributions from the financial services and road segments, alongside strategic expansion in logistics. The company has successfully reduced leverage, increased cash flow, and raised dividends, aligning with the global trend towards "heavy asset rental" models. The stock has appreciated nearly 18% year-to-date, outperforming the Hang Seng Index [9]

Core Viewpoint - Chow Tai Fook Jewelry Group Limited announced the issuance of shares due to the exercise of stock options and convertible bonds, indicating ongoing corporate actions related to equity management and capital structure adjustments [1] Group 1: Share Issuance Details - On March 10, 2026, the company issued 1.7358 million shares as a result of a director exercising stock options granted under the stock option plan adopted on November 23, 2021 [1] - On the same date, the company issued 160,200 shares due to employees (excluding directors) exercising stock options from the same plan [1] - Additionally, on March 10, 2026, the company issued 299,000 shares as a conversion of HKD 2 million principal amount of HKD 850 million 2.80% convertible bonds maturing in 2027 [1]

Core Viewpoint - Chow Tai Fook Jewelry Group Limited announced the issuance of shares due to the exercise of stock options and convertible bonds, indicating ongoing corporate actions related to employee compensation and debt management [1] Group 1: Share Issuance Details - On March 10, 2026, the company will issue 1.7358 million shares as a result of a director exercising stock options granted under the stock option plan adopted on November 23, 2021 [1] - On the same date, the company will issue 160,200 shares due to employees (excluding directors) exercising stock options under the same plan [1] - Additionally, 299,000 shares will be issued as a conversion of HKD 2 million principal amount of HKD 850 million 2.80% convertible bonds maturing in 2027 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 周大福創建有限公司(於百慕達註冊成立之有限公司) 呈交日期： 2026年3月10日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00659 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | 每股發行/出售價 ( ...

Group 1 - The company Chow Tai Fook (00659) announced the issuance of a total of 95,600 shares due to the exercise of stock options from March 2 to March 9, 2026 [1] - On March 6, 2026, the company issued 31,390,100 conversion shares related to the conversion of a principal amount of HKD 210 million from a HKD 850 million 2.80% convertible bond maturing in 2027 [1]

Group 1 - The company Chow Tai Fook (00659) announced the issuance of a total of 95,600 shares due to the exercise of stock options from March 2 to March 9, 2026 [1] - On March 6, 2026, the company issued 31,390,100 shares as conversion shares for a principal amount of HKD 210 million related to the HKD 850 million 2.80% convertible bonds maturing in 2027 [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 周大福創建有限公司(於百慕達註冊成立之有限公司) 呈交日期： 2026年3月9日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) | 00659 | 說明 | | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | | 庫存股份變動 | 每股發行/出售價 (註 ...