Nanyang Holdings Limited issued a supplemental statement to its 2025 annual report, detailing a HK$2.42 billion financial-investment portfolio as at 31 December 2025.

Long-term FVTOCI assets • The group’s cornerstone holding is a 3.9 % interest (190.59 million shares) in The Shanghai Commercial & Savings Bank, Ltd. (SCSB), carried at HK$1.90 billion, equal to 40.3 % of total assets and more than triple the HK$602.00 million cost. • SCSB has delivered consistent cash dividends of HK$65.40 million in 2022, HK$67.10 million in 2023, HK$64.10 million in 2024 and HK$72.20 million in 2025, contributing roughly 40 %–43 % of group revenue in each of those years.

FVTPL trading portfolio • Mark-to-market assets at fair value through profit or loss amounted to HK$516.50 million, representing 11 % of total assets; acquisition cost stood at HK$360.00 million. • Portfolio value advanced 19.10 % year-on-year in 2025. • Asset mix: equities 68.0 %, bonds 18.5 %, commodities 5.8 % and cash 7.7 %. Within equities, regional exposure was U.S. 55.0 %, Europe 18.2 %, Japan 4.0 %, Asia ex-Japan and others 9.4 % and emerging markets 13.4 %. Bond exposure was primarily investment grade, split among the U.S. (58.4 %), Europe (25.9 %) and emerging markets and others (15.7 %). No single position exceeded 5 % of portfolio value.

Capital structure and risk controls • All investments are funded by internal resources; no leverage, margin financing, pledges or encumbrances were in place at year-end. • The board-level Investment Committee, formed on 4 December 2025, reviews performance at least quarterly and oversees asset allocation, risk appetite and compliance with the group’s conservative, diversification-focused mandate.

Strategic alignment Management reiterated that investments are intended to provide stable income and medium- to long-term capital appreciation while preserving liquidity for core operations. The supplemental disclosure leaves all other information in the published FY-2025 annual report unchanged.