CHEUK NANG HOLD (00131) Issues Profit Alert, Expects Annual Profit Attributable to Shareholders of Approximately HK$94 Million to HK$114 Million, Turning from Loss to Profit Year-on-Year

CHEUK NANG HOLD (00131) announces that, based on the unaudited consolidated management accounts of the Company for the year ended 30 June 2026 (the "2026 Financial Year") and the preliminary assessment of the latest information currently available to the Board, the Group is expected to record a profit attributable to holders of the Company of approximately HK$94 million to HK$114 million for the 2026 Financial Year, as compared to a loss attributable to holders of the Company of approximately HK$989 million for the year ended 30 June 2025 (the "2025 Financial Year"). The turnaround from the loss attributable to holders of the Company for the 2025 Financial Year to the expected profit attributable to holders of the Company for the 2026 Financial Year is primarily attributable to the following: (i) an increase in property sales in the People's Republic of China, resulting in an increase in revenue and gross profit; (ii) a change from a negative change in fair value of investment properties for the 2025 Financial Year to a positive change in fair value of investment properties for the 2026 Financial Year; (iii) a decrease in administrative expenses; and (iv) a decrease in provision for properties under development held for sale.