WANG ON PPT (01243) purchased insurance for Executive Director and CEO Deng Haokang.

WANG ON PPT (01243) and WANG ON GROUP (01222) jointly announced that on November 4, 2025, the policyholder Twist Pioneer (an indirect wholly-owned subsidiary of WANG ON PPT) has received the final policy and policy acceptance confirmation letter from Manulife Life Insurance, thereby completing the policy purchase process. According to the policy, the policyholder has paid a total preliminary single premium of approximately 4.85 million US dollars (equivalent to approximately 37.73 million Hong Kong dollars) to Manulife Life Insurance. The policy is a life insurance policy with Mr. Deng Haokang as the insured, with Twist Pioneer as the policyholder and beneficiary. Mr. Deng, the executive director and CEO of WANG ON PPT, is considered a key member of the WANG ON PPT Group. The WANG ON PPT Group purchased the policy with Twist Pioneer as the beneficiary to ensure protection against any potential losses or damages that may arise from the unfortunate death of Mr. Deng. The boards of directors of Manulife and WANG ON PPT believe that the purchase of the policy may help the WANG ON PPT Group in refinancing and negotiating its bank loan financing. In addition, the policy will generate positive returns from the end of the 4th year of the purchase (with a guaranteed cash value of 4 million US dollars (approximately 31.12 million Hong Kong dollars) and a non-guaranteed year-end dividend of approximately 1.124 million US dollars (approximately 8.745 million Hong Kong dollars)), and a guaranteed cash value from the end of the 25th year of the purchase (with a guaranteed cash value of 5 million US dollars (approximately 38.90 million Hong Kong dollars)).