Group 1 - The company *ST Guohua (000004.SZ) announced that its wholly-owned subsidiary, Beijing Zhiyou Network Security Technology Co., Ltd., has won the bid for the "Kairong Cloud Intelligent Computing Center Phase II Section 3" project [1] - A contract has been signed between Beijing Zhiyou Network Security Technology Co., Ltd. (the party B) and Xinjiang Kairong Cloud Digital Technology Co., Ltd. (the party A) for the project [1] - The total contract price, including tax, is 236 million yuan, and the project will be implemented in phases to gradually realize the overall deployment of the computing power cluster [1]

Core Insights - *ST Guohua (000004.SZ) reported its Q3 2025 results on October 31, 2025, highlighting a significant change in institutional investor holdings [1] Institutional Holdings - As of October 30, 2025, three institutional investors disclosed holdings in *ST Guohua A-shares, totaling 31.5781 million shares, which represents 23.85% of the total share capital [1] - The institutional investors include Shenzhen Zhongnongda Technology Investment Co., Ltd., Shenzhen Ruihong Real Estate Development Co., Ltd., and Zhuhai Hengqin Puyuan Technology Partnership (Limited Partnership) [1] - Compared to the previous quarter, the total institutional holding percentage decreased by 4.48 percentage points [1]

Core Viewpoint - *ST Guohua (000004.SZ) reported a significant decline in revenue and net profit for the first three quarters of 2025, indicating financial distress and operational challenges [1] Financial Performance - The company achieved an operating revenue of 51.02 million yuan, a year-on-year decrease of 32.77% [1] - The net profit attributable to shareholders was -27.09 million yuan, reflecting a negative performance [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -47.09 million yuan [1] - The basic earnings per share stood at -0.2046 yuan [1]

Core Viewpoint - Fitch Ratings has upgraded the long-term issuer default rating of Wharf Holdings from BBB+ to A- with a stable outlook, reflecting a more optimistic internal assessment of its parent company, CK Hutchison Holdings [1] Group 1: Rating Upgrade - The upgrade in rating indicates Fitch's view of CK Hutchison's moderate willingness to provide strategic and operational support to Wharf Holdings, which has driven the rating increase [1] - Wharf Holdings' independent credit status remains at BBB+, supported by its strong market position and high occupancy rates in flagship retail malls in mainland China despite a slowdown in the retail market [1] Group 2: Financial Health - The company maintains a solid financial position characterized by low leverage and healthy solvency [1] - However, its independent credit status is constrained by a high concentration of assets, with a significant portion of investment property income derived from malls in two major international financial centers in China [1]

Core Viewpoint - *ST Guohua (000004.SZ) announced that its wholly-owned subsidiary, Beijing Zhiyou Network Security Technology Co., Ltd., has won the bid for the "Kelong Cloud Intelligent Computing Center Phase II Section 3" project, with a bid price of 235.67767 million yuan [1] Group 1 - The bidding was conducted by Xinjiang Kelong Cloud Computing Digital Technology Co., Ltd. [1] - The public announcement of the bid winners was made on September 29, 2025, by the China Tendering and Bidding Public Service Platform [1] - The company received the "Notice of Winning the Bid," confirming its status as the winning bidder for the project [1]

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9月30日 | 狀態: 新提交 | | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | 公司名稱: | 九龍倉集團有限公司 | | | 呈交日期: | 2025年10月6日 | | | I. 法定/註冊股本變動 不適用 | | | FF301 第 1 頁 共 10 頁 v 1.1.1 FF301 II. 已發行股份及/或庫存股份變動 | 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) | 00004 | 說明 | | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 3,056,027,327 | | 0 | | 3,056,027,327 | | 增加 / 減少 (-) | | | 0 | ...

Core Viewpoint - *ST Guohua (000004.SZ) announced that its wholly-owned subsidiary, Beijing Zhiyou Network Security Technology Co., Ltd., recently participated in the bidding for the "Kelong Cloud Intelligent Computing Center Phase II Section 3" project, with a bid amount of 235.68 million yuan [1] Group 1 - The bidding was conducted for a project by Xinjiang Kelong Cloud Computing Digital Technology Co., Ltd. [1] - The public announcement of the bid candidates was released on September 29, 2025, by the China Tendering and Bidding Public Service Platform [1]

17 September 2025 Dear Non-registered Shareholders1 , Notification of Publication of Interim Report 2025 (the "Interim Report") We hereby notify you that the Interim Report of The Wharf (Holdings) Limited (the "Company"), in both English and Chinese, has been published and is now available on the Company's website at www.wharfholdings.com and Hong Kong Exchanges and Clearing Limited's website at www.hkexnews.hk (the "HKEXnews website") (together, the "Websites"). You may access the Interim Report by clickin ...

17 September 2025 Dear Shareholders, Notification of Publication of Interim Report 2025 (the "Interim Report") We hereby notify you that the Interim Report of The Wharf (Holdings) Limited (the "Company"), in both English and Chinese, has been published and is now available on the Company's website at www.wharfholdings.com and Hong Kong Exchanges and Clearing Limited's website at www.hkexnews.hk (the "HKEXnews website") (together, the "Websites"). You may access the Interim Report by clicking "Investor Relat ...

集團業績 二○二五年中期報告書 www.wharfholdings.com www.wharfholdings.com INTERIM REPORT 2025 財務狀況審慎、資金周轉穩健 摘要 集團基礎淨盈利增加3%至港幣二十億三千五百萬元（二○二四年：港幣十九億七千九百萬 元），儘管投資物業和酒店表現較弱。 若計入投資物業重估減值及其它未變現會計虧損，集團錄得股東應佔盈利港幣五億三千五百萬 元（二○二四年：虧損港幣二十六億三千七百萬元）。 中期股息 第一次中期股息每股港幣0.20元（二○二四年：每股港幣0.20元）將於二○二五年九月十六 日派付予在二○二五年九月一日下午六時正名列股東登記冊內的股東。派息總額為港幣 六億一千一百萬元（二○二四年：港幣六億一千一百萬元）。 1 九龍倉集團有限公司 二○二五年中期報告書 • 資產撥備及重估減值以反映市值 • 積極資本管理以維持低負債比率 • 人民幣債務自然對沖人民幣資產亦節省借貸成本 • 高流動性長期投資以保本並賺取理想收益 • 集團基礎淨盈利與去年持平 • 每股中期股息與去年相同 業務評議 全球經濟環境仍然困難重重，美國關稅擾亂了市場需求及供應鏈，同時持續增長的 ...