Wong’s Kong King International (Holdings) Limited (“WKK”) released audited results for the year ended 31 December 2025. Revenue rose 6.6% year-on-year (YoY) to HK$3.67 billion, driven mainly by stronger performance in the Trading and Distribution division. Loss attributable to owners narrowed sharply by 70.9% to HK$55.32 million, equivalent to a basic loss per share of 7.58 HK cents (2024: 26.05 HK cents). No final dividend was proposed.

Revenue Breakdown and Operating Performance • Trading and Distribution: Sales advanced 17.0% to HK$1.84 billion, underpinned by higher demand from PCB and semiconductor customers in Mainland China and Taiwan. Segment operating profit surged to HK$159.25 million (2024: HK$64.96 million). • OEM Manufacturing: Revenue edged down 0.6% to HK$1.82 billion. Operating loss improved to HK$106.08 million from HK$169.22 million after cost-reduction and efficiency measures. • Group operating profit turned positive at HK$17.76 million versus a HK$117.70 million loss in 2024.

Key Cost Items and Restructuring Impact • Employee benefit expenses fell 5.9% to HK$585.14 million. • Other expenses increased 12.8% to HK$227.44 million, partly reflecting HK$31.30 million of one-off restructuring costs tied to the voluntary liquidation of Dongguan Nissin Plastic Products Co., Ltd. Excluding this charge, other expenses would have been HK$210.64 million. • Net finance costs declined 25.4% to HK$24.29 million due to lower interest rates. • Income tax expense rose 17.5% to HK$47.75 million, mainly from higher taxable profits in the Trading and Distribution businesses.

Balance Sheet Highlights (31 December 2025) • Cash and short-term deposits stood at HK$614.34 million, up from HK$526.51 million a year earlier. • Bank borrowings totalled HK$608.83 million; net debt was HK$50.40 million. • Net gearing ratio remained low at 3.5%. • Inventories, trade receivables and trade payables increased to HK$651.17 million, HK$1.04 billion and HK$602.10 million respectively, reflecting expanded business volume and working-capital needs.

Capital Expenditure and Commitments • Capital expenditure for 2025 was HK$11.00 million (2024: HK$34.10 million). • Contracted but unprovided capital commitments totalled HK$0.60 million. • The group is conducting a preliminary assessment for a potential property acquisition in Taiwan; no binding plan has been finalised.

Liquidity Facilities and Covenants • Committed banking and other facilities amounted to HK$2.55 billion, with HK$706.80 million drawn as at year-end. • Only HK$4.10 million of short-term deposits were pledged; no other assets were charged.

Operational and Strategic Outlook Management intends to: 1) deepen the integrated local-global market approach to sustain Trading and Distribution growth, particularly in artificial-intelligence-driven and new-energy sectors; and 2) pursue margin uplift in OEM Manufacturing through tighter pricing discipline and procurement savings while monitoring geopolitical and macroeconomic developments.

Corporate Governance and Compliance WKK confirmed full compliance with the Hong Kong Listing Rules’ Corporate Governance Code, except for the retirement-by-rotation arrangement for executive directors as permitted under the company’s Bye-laws. The board maintained its decision to forgo a final dividend for 2025.