Hong Kong – 28 August 2026 – ZHONGCHANG INTERNATIONAL HOLDINGS GROUP LIMITED reported an unaudited net loss attributable to shareholders of HK$28.61 million for the six months ended 30 June 2026, an improvement of 9.1% from the HK$31.47 million loss booked a year earlier. The result was shaped by softer rental revenue and another fair-value markdown on its Causeway Bay-centred property portfolio, partly offset by reduced finance and staff costs.

Financial highlights (six months to 30 June 2026 vs. 2025):

• Revenue fell 11.3% to HK$13.03 million, reflecting negative rental reversions and a lower occupancy rate of 63.7% (31 Dec 2025: 67.2%). • Fair-value loss on investment properties narrowed to HK$14.70 million from HK$16.40 million. Portfolio valuation slipped 1.0% to HK$1.39 billion. • Finance costs declined 9.8% to HK$22.56 million, helped by lower borrowing costs. • Loss per share improved to 2.54 HK cents from 2.80 HK cents. • Net assets totalled HK$547.45 million, down 4.9% from end-2025, equating to net asset value of approximately HK$0.49 per share. • Cash and cash equivalents stood at HK$10.11 million (31 Dec 2025: HK$11.13 million). • Net current liabilities narrowed to HK$384.22 million (31 Dec 2025: HK$813.97 million) following a maturity extension of key bank facilities to March 2029. • Gearing ratio (total liabilities/total assets) rose slightly to 61.1% (31 Dec 2025: 59.6%). Current ratio improved to 0.04 from 0.018. • No interim dividend was declared.

Operational review:

ZHONGCHANG INTL’s rental income is derived entirely from a portfolio of Hong Kong investment properties, predominantly retail spaces in Causeway Bay. Jardine Center contributed 74.1% of group revenue. The broader Hong Kong retail environment remained subdued amid macroeconomic headwinds, e-commerce competition and shifts in consumption patterns, while modest tourism recovery and residential market stability provided partial offsets.

Liquidity and capital structure:

Total interest-bearing bank and other borrowings reached HK$829.31 million (31 Dec 2025: HK$815.54 million). Of this, HK$385.58 million is due within 12 months, with HK$443.73 million classified as non-current after an amendment extending a key facility’s maturity to 31 March 2029. The company relies on both internal cash generation and shareholder support; its controlling shareholder has confirmed willingness to provide continued financial backing, underpinning management’s going-concern assumption.

Asset pledges and guarantees:

Investment properties valued at HK$1.39 billion serve as collateral for banking facilities. The company has issued corporate guarantees totalling HK$1.13 billion in favour of Hang Seng Bank on behalf of subsidiaries.

Outlook:

Management expects Hong Kong’s retail landscape to stay challenging given macro and geopolitical uncertainties but anticipates support from government tourism initiatives and a stabilising property market. The group intends to maintain a prudent capital structure, optimise tenant mix in its prime Causeway Bay assets and focus on enhancing operational efficiency while monitoring liquidity closely.