2 8 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .1-2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .3-6. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .7. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .9. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .10-11. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12-14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .15. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .16-36. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .37-39 Nicholas James Debnam202591 202511202511202511202511 Nicholas James Debnam Nicholas James Debnam Nicholas James Debnam202591 108 2117 Victoria Place, 5th Floor,31 Victoria Street,Hamilton HM 10,Bermuda. 2117www.wingon.hk 1617 Appleby Global Corporate Services (Bermuda) LimitedCanon’s Court, 22 Victoria Street,PO Box HM 1179, Hamilton HM EX,Bermuda. 20256306416.22024480.013.3% 20256306150.32024239.6219.82024127.820256306470.52024515.82025630627.2%321.22024252.6 2025630651.9202482.5111.0202487.0 43202432124,378,000202492,744,00020251024202510102025106202510 10 202510341617 202563016,728.42024123116,833.20.6%20256303,624.3202412 313,256.7 202563065.02024123159.3178.520241231158.32025728 20256300.4%202412310.4% 20256303,388.4202412313,151.4 202563026.82024123158.1202563020241231 2025 20256306232.82024272.214.5%38.5202427.0 Plus 20256306158.82024192.513.2%124.82024143.8202563089%202463091%28.4%35.5202449.6202563076%202463085%25.7% 333 Collins Street2025 202563064.7202416.2202563062.4202412.6 20256302,355.6202412312,208.620256306219.82024127.816.020242.7 2025630517202412315312024 2025 2025826 836202563063434 2410 202563034 108 20258 26 20256306 20256 30 20256306 20256309,956,860,000202412 3110,428,347,000 1636 1. HKAS342025826 20242025 HKAS 34 2024 24107 20241231202412312025325 2. 3. (a) HKFRS15 3. (b) (i) 3. (b) (i) 3. (b)(ii) 5. (a) (c) (d) 2025630616.5%202416.5%28.25%16.5% 7. (a)20256306150,288,0002024239,576,000289,349,0002024290,252,000 7. (b) 8. (a) M3 Property Australia Pty. Ltd.2025630Australian Property Institute202563020241231 470,513,0002024515,758,00035,000202420,167,00020256306 (b) 1122334455 9. 20256306185,069,0002024 14,850,000202412 3116,387,0001 10. 11. 3 12. 43,053,000202412 3141,007,0001 11331212 3090 13. (ii) 63062025202420241231202312 31153,474174,250202515(b)(i)202412456(170)(193)53202460153,304174,057 13. (b) (i)20256306 198142A2025630633,000202438,000202563063,734,00020244,451,00015,000202418,000 (ii) 14. (a) (i) HKFRS 13 112213 2025630620241231 14. (a) (ii)2 2 (iii)3 14. (a) (iii)3 20256303%20246303% 14. (a) (iii)33 (b) 202563020241231 15. 16. (a)20256306 16. (b) (i)11,735,000202411,735,00020256301,956,000202412 311,956,000(ii)2,464,00020242,738,00020256301,137,000202412 311,188,000(iii)383,0002024339,000202563023,960,000202412 313,865,000(iv)877,0002024861,0002025630244,000202412 31827,000 17. 2025826 20256306C120256306 C320256306 20256 30352XV (a) (a) 1.255,0002.10,000 (b)Kee Wai Investment Company (BVI) Limited Kee Wai Investment Company (BVI) Limited 100% (c)(2011) 18347352 33620256305% (i)(ii)(ii)(iii) 20256 3063013(b) 3013(b)20256306