South China Holdings Company Limited (00413) released a supplemental announcement dated 14 November 2025, detailing the proposed alterations of the terms of certain bonds (the “Proposed Alterations”). According to the statement, the transaction is a discloseable transaction under the Listing Rules because one of the applicable percentage ratios exceeds 5% but is below 25%.

The document highlights data from South China Financial Holdings (“SCFH”). Based on the audited annual report for the financial year ended 31 December 2024, its net assets stood at HK$76,184,000, and it recorded a loss before tax from continuing operations of HK$292,747,000 with a net loss of HK$295,056,000. For the same financial report, the corresponding figures for the year ended 31 December 2023 showed net assets of HK$221,459,000, loss before tax from continuing operations of HK$82,374,000, and a net loss of HK$139,998,000.

According to the interim report for the six months ended 30 June 2025, SCFH’s net assets amounted to HK$33,392,000. Its market capitalization around the date of the previous announcement (6 November 2025) was approximately HK$87,370,000. The carrying value of the bonds covered in the Proposed Alterations was about HK$87,140,000 as of 30 June 2025.

The company stated that all other details disclosed earlier remain unchanged.