The Group, a subcontractor primarily engaged in providing foundation engineering-related services in Hong Kong, offers a range of services including excavation and lateral support works, pile cap construction and demolition, underground drainage works, earthworks, structural steel reinforcement works, and other related services. Additionally, the Group is involved in the business of leasing machinery to third-party construction companies.

The Company has been continuously striving to enhance the Group's business operations and financial condition, actively seeking to introduce new business ventures to create new revenue streams for the Group and foster its future diversified development, aiming to achieve the best interests of shareholders.

The Board hereby informs the Company's shareholders and potential investors that the Group intends to launch a new business in the financial services sector. This new business will focus on developing financial services under regulated activities, specifically Type 1 (dealing in securities), Type 4 (advising on securities), and Type 9 (asset management), as well as trust business.

The Board believes that, supported by favorable government policies, the prospects for Hong Kong's financial services industry are robust. The Board is confident that the launch of this new business signifies a strategic expansion of the Group's business operations, enabling the Group to diversify its revenue sources and seize new market opportunities within the financial services industry.

The Board considers that this development will align with the overall interests of the Company and its shareholders.