HORIZON CD (09930) total revenue for the first three quarters decreased by approximately 9% year-on-year.

HORIZON CD (09930) announces that in the third quarter of 2026, the Group's quarter-end utilization rate for aerial work platforms was approximately 85%. Due to intensifying supply-side pressure in the domestic aerial work platform market, market rental yields further declined, and total revenue for the first three quarters decreased by approximately 9% year-on-year. On the other hand, overseas business revenue for the first three quarters increased by approximately 39% year-on-year, slowing compared with the interim period. In light of the above, the Group adheres to a prudent operating strategy in the face of industry adjustments. Facing a complex and changing operating environment, the Group maintains prudent capital expenditure, with new capital expenditure mainly directed toward overseas markets. The Group adopts a more prudent development strategy for its overseas business. As of the end of the third quarter, the Group had 73 overseas service outlets covering 10 countries. Overseas business revenue accounted for more than 22% of total revenue, and overseas business gross profit accounted for more than 33% of total gross profit. Looking ahead to the full year, the Group will continue to prudently respond to changes in domestic and overseas environments, maintain a sound financial structure, and strive to achieve good returns for shareholders.